After my CORRECT previous analysis here: It seems that the big push upwards, through the main trendline and completion of Wave 5 Impulse on the Minor period, seems to have been completed and price action may start a consolidation move sideways. TDI shows overbought position with the RSI just inside the outer band so I'm not expecting a sharkfin which would...
NEM - This Altcoin seems to have completed a breakout to the downside for a possible path towards the second support area, before a very strong upward move. However, TDI does show the RSI line has breached the outer lower band and could either form a sharkfin or follow along the lower outside band until a lower sold position. The Blueberry EMA is running alongside...
It seems Litecoin is on a bearish Impulse 3 wave and will continue to the low Peak before a pullback. This Impulse move seems to be on the Minor period time frame and isn't performing as previously expected. TDI continues to show bearish movement as the RSI approaches the lower outer band in preparation for a Sharkfin out of the water. The blueberry EMA has been...
Ethereum progressing as forecast back on July 21 2017... see here for more details here:
As per my previous CORRECT analysis back in April 26th (), the move upwards up to the upper trendline has been confirmed as well as the move downwards. This move downwards was quite a violent bearish move and strongly suggests that an Impulse move downwards has now started, for a long-term SHORT. TDI confirms the strong Bearish move downwards and we should now...
As per my previous CORRECT analysis, back on the 8th of February 2017, () a Flat channel/consolidation has now completed, trade closed and profit taken! Price action exited the channel and has then dropped back into the channel via a significant GAP. This seems to be a precursor to a possible new consolidation, upward move or downward move. I shall now sit on the...
If price break the bullish confirmation then pattern is true.
Hello traders! Watch price action. It can form a correction on this level. If the price break the trend line and have a strong impulse down, then it can be a good short opportunity. If touch the trendline and reverse than it may go for a new high. Don't just jump into the trade!!!
All the Euros pair continues to be indecisive in its direction. I am in favor of the short side as some charts are starting to point in that direction. The interest rate for NZD was just released and it did not help the pair go any higher, indicating weaker pressure for upside. I am no currently waiting for a close of a 4h candle under the trendline to confirm a...
We have a nice pennants pattern in an upward trend wich to me indicates that we are going soon. RSI looks to be turning soon and from there we should go. When we break out of the pennant i have my target and sellzone set. Really excited to see were this goes. Do you see something else? Please share.
If it breaks we could see the price go down to 1.29400
Looks like our second descending wedge in a row worked perfectly and NOW we may be seeing a third such pattern forming before our eyes. It is small and it is hard to see the details on the 15 minute chart, but I have some HELP for you. Go to this video to see the details - www.youtube.com I am considering doing some of these throughout the week as conditions...
In the last post, about a week ago, I indicated that Litecoin appeared to be coiling. This is a contracting pattern that occurs prior to a big move. It can also be referred to as a symmetrical triangle pattern. Further indications include a contracting Bollinger Band and decreasing volume. I was not sure then which way we'd move, just like I am not sure now...
Seems like XMR is drawing H&S pattern, waiting for a breakout. Target is 0.018.
FX_IDC:CADJPY Is expected to go South since, the price has been rejected on 89.500 a few days ago. Thus, forming a Bearish Reversal Pattern. We hope that CADJPY Entry Level: 88.24 Trail Profit 1: 87.63 Trail Profit 2: 87.00 Stop Loss: 88.90 No News associate with this trend until Friday. So, we hope that the pattern will show its trend. Good Luck with your...
Possible Gartley pattern forming on the GBP/JPY. I will set an order and see if it gets filled. *Past performance doesn't guarantee future profits*
Possible rebound from the neckline followed by a reversal and breakout from the neckline. Wait for the necking breakout or scalp along the pattern. Keep in mind Its not a simple head and shoulders though. Here is the link for pattern for more info thepatternsite.com