This is how not to breakOut of a gann fan... in fact, this is how you breakDown from a gann fan. Estimated breakdown by August, follow the yellow path. Calmer seas ahead. Best, Captain Jack Sparrow
false breakout double top 200 MA rejection bearish engulfing candle followed by indecision at weekly close
Bitcoin needs massive liquidity In order to move to $100k and beyond and the only way that's possible is to hit all the stop losses sitting below 28k. It all makes sense if we look at the potential harmonic pattern forming. There's no guarantee but if we brake and close below $39,500 there's a MASSIVE probability we head down to around the 27k mark. Think about...
short below 6040 SL 6200 Target 15900,15600 wonder opportunity to short this stock don't miss
As you can see, the symmetrical triangle is formed. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point. So, is it breakout or breakdown?
Simple idea. Triangle is ominous as these typically break thru the floor of wedge, although a rally is not out of realm of possibility, seems less likely every day. Fourth trip to bottom of the wedge usually breaks the floor. There is that gap to fill, which might occur Tues; if not, 1/8 gaps never fill, so maybe not a good bet IMO. Getting more bearish daily....
EL par a acumulado una sobre compra segun el RSI, muestra señales de triple mechas en la resistencia, indica un desenzo con posibilidades de un rebote en soporte y llegar a un nuevo alto, si se ve un impulso que pase ese soporte tenemos una caida libre de al menos 200 pips, monitorearlo y esperar la accion del precio.. suerte a todos
NASDAQ:AVT This stock just broke below a major support. if it goes up in the morning to test yesterday's broken support as a new resistance area and fails, then short below yesterday's low (40.49). if it goes straight down without bouncing first, then stay away from it. Please like and comment if you like my ideas. THANK YOU!!! Please note that this...
If price breaks the ascending trendline we have a good chance to test 67 and probably 65.
See chart. Minor retracement with clear wedge formation- ascending triangle before a further break down. Not enough bulls to fill Friday's gap. Im not an advisor this is not advice, just fun education post, good luck!
The bearish trend is relatively strong going into Jackson Hole. Enter once the make or break zone is breached to the downside with conviction. Nine year consolidation breakdown in prospect. E2 offers initial target to scale in and set a breakeven stop on the earlier entry. Rinse and repeat