BASE
PLUG 5+ year base, wedge breakout comingPLUG currently consolidating in wedge for approx. 2 months with support found on an up-curling 50 day SMA. Uptrending its way out of a 5+ year basing pattern (this thing seriously looks like a Gold stock), the wedge is located just under major resistance, which is all of the congestion of the 2014 selloff from the highs. Theoretically, PLUG is in the Wave 3 from an impulse wave that began in 2013, with a 1.0 (minimum) extension to +$12, the 1.618 takes you nearly to $20 (ignore date associated with Wave 3 completion) and of course more upside is possible). I I am looking to buy the wedge breakout @ approx. $4.5 and give this one some space and time. Short term target would be range of wedge/channel + breakout level which would put you @ about $5.50, or just below the prior highs, so there is potential for timely profits.
-This chart appears to be a perfect mix of a short term opportunity which is in the midst of a very bullish long term trend, hence, a potentially great trade, as this wedge breakout may give way to a substantial move higher within that longer term Wave 3.
-You could view this as a massive cup and handle as well. All the same to me. When the rounding bottom is this big, I just call it a base.
EUR/USD Buy Limit H4 (Institutional)The price seems to be going up but we have some selling candles very strong that show that we could may go for those imbalances and base patern. We are waiting for the price to arrive to those points so we can buy a sniper operation until an institutional candle which didn't get correctet.
GoNoGo Charts sees bullish signs for EURGBPThe daily GoNoGo Chart of the Euro / British pound cross looks like it is forming a base. The GoNoGo Trend is showing “NoGo” but it is weakening as depicted by the paler pink bars.
We look to the GoNoGo oscillator to confirm the price action and if this “NoGo” trend was strong then we’d expect it to find resistance at zero as it did from the 22nd to 27th of April. However, the current price bar has been strong enough to push the GoNoGo Oscillator into positive territory for the first time since the highs of march.
If the momentum can stay positive, expect a leg up in price out of the consolidation zone.
This is Scandalevery human and even apes can understand this thing. it is not appropriate. something is not right about economy since 2008 financial crisis. central banks was pumping money to the economy and now this bubble is bursting and they blame covid-19. this began 10 years ago. corona virus began 4 month ago! if someone is telling you markets are down because of virus you can punch at him/her face. virus just picked up a needle and putted it on this bubble. have fun world, the biggest scam in the world was USD and now you are selling everything to get fiat. this will ruin the world.
why usa cant be a normal country?
ASX: Prodigy GoldFactors
1. Price has experienced a LT downtrend (Starting August 19)
2. Price slowly building a base with a short term resistance at 7c .
3. EMA is converging
4. There is an overhead gap at 8.3c which I would be looking to target, 10.5c if we're feeling more ambitious.
Possible Reasons For Failure
1. No breakout/bullish price action at 7c to initiate trade
2. Prices may continue to downtrend
3. Base may breakdown
Watchlist and keep an eye on, mainly at 7c level.
ASX: TitomicFactors
1. Price has experienced a LT downtrend (Starting May 19)
2. Price slowly building a base with recent price action respecting that lower and upper trendline.
3. EMA is converging
4. There is an overhead gap at $1.45 which I would be looking to target.
Possible Reasons For Failure
1. No bullish price action/candlestick pattern to initiate trade
2. Prices may continue to downtrend
3. Base may breakdown
4. Target might be too optimistic
Watchlist and keep an eye on.
A long-term base and short-term breakout bode well for Walgreens
Walgreens Boots has been basing since April with a Double Bottom form ing from May to August. The stock exceeded the intermittent high, but this breakout did not hold as WAG fell back with a bull flag. The bull flag breakout reversed the short-term downtrend in mid October and WAG is again challenging resistance. I expect a breakout from this large base and would target a move to the lows 60s. A close below 53 would call for a re-evaluation.
Gold Potential Short position for XAUUSDAs you can see price failed to make new high today and price have been retest high during Asia Session for fake out/manipulation. For coming hours and there is news for USD at 2030hrs (Malaysia Time) i predict price go up first to find liquidity and go down for find high liquidity at previous day low at price 1483.50.Please be careful at price 1490-1492 since there is high liquidity at that price and not yet test today.Price target to go down at price 1483 for first TP and 1479 for 2nd TP.
Analysis:
1)TrendLine:Price have been break daily and H4 lower trendline and now price go up to retest trendline and go down.
2)Support and Resistance at High TimeFrame-Monthl,weekly and Daily.
3)Breakout at Support and resistance
As you can see in line chart price make base price want to go down.
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