NYSE:QUOT been consolidating for the last 2 months forming an ascending triangle chart pattern. Stock as tested the $8 level multiple times and been acting as strong resistance. The breakout from that resistance level will also coincide with the breakout of the 200 day moving average adding to the significance of that breakout. Chart pattern price target...
NYSE:ARD has been consolidating for 3+months carving out an Ascending Triangle chart pattern. Clearing the horizontal resistance triangle and closing above it on a daily bases will also clear the 200 day moving average that has been acting as resistance adding to the validity of the chart pattern breakout. volume pattern also support higher prices.
Good Day Everyone Upon canceling pending oders and buy oders the ascending channel structure hold and we saw a bullish rally to the upside we currently correcting this move inside a ascending channel structure which could be signalling continuation to the upside looking for a rejection at the base of the ascending channel and a push to the upside to confirm the...
Evening Traders, Today’s trade analysis – BTCUSD traveling into its apex, a long trade is valid upon breaking local resistance. Points to consider, - Macro trend bearish - Dynamic support respected - Local resistance converging - RSI respecting trend (overlying resistance) - Volume below average - Valid long with defined risk BTCUSD’s macro trend is...
Good Day Everyone Here's an idea on the EURGBP pair, the ascending channel holds and we are still trading inside the structure on the pair, more aggressive traders can go long on the correction to the down side but looking for significant move to the upside on the pair a retest of support level 0.90605 will signal this move to the upside for now waiting for this...