Bump-and-run reversal bottom here in its run phase. Price dropped off following the Lead-in Phase, moved into a narrow range, bump formed, rounded upward as price left the bowl and onto the uphill run with retest. Final existing downtrend sitting at 30k. If the bump and run plays out perfectly, it will visit that level.
It's not perfect but it may be close. Let's see how it plays out now. I still expect some corrections/check backs if it heads higher, but so far it is playing out nicely. Disregard the solid diagonal white trend line, not sure what I was trying with that one. Maybe it will be a point of resistance, maybe not. Relevant fibs of support and resistance also...
The news with respect to the turbine issue induces a sharp price slump. In the chart we have all characteristics of an BnR pattern with a downmove of one channel . Recently, also the price has reached and taken the minimum Fibo Retracement which is a necessary condition for a local bottom
Right now WTI is breaking above the Supply Line of what looks to be some kind of Bump and Run Reversal Bottom at an Ice Line while forming somewhat of an Inverted Head and Shoulders Pattern. If this level holds we could see it go for the next major level of support/resistance all the way up at $44.57
CCL is Double Bottoming with some very distinct Bullish Divergence on the Monthly Timeframe on both the MACD and RSI and it also has a Lead-In trendline that goes all the way back to 2018. If it breaks above this trend line then it will begin the BARR Breakout which could then take it above the Neckline of the Double Bottom and BAMM us up to the 0.886 Retrace up...
NEAR has formed a Bump and Run Reversal (BARR) Bottom pattern. It is retesting the trendline. If successful, the potential target would be the MA 200D (quite close to the november 2022's level).
I still believe that Bitcoin will go down. My reasons are the analysis of Bitcoin waves and the Bump-and-Run Reversal Top Pattern that is being formed, you may not be familiar with the Bump-and-Run Reversal Top Pattern, but it is considered one of the classic valid patterns. The Bump-and-Run Reversal Top Pattern forms when, after a gentle upward trend, a more...
BINANCE:NEARUSDT Hello Traders, Farid here. I have been trading stocks since 2017 and later got into crypto. Neear Protocol price drop-off in early november followed the lead-in phase where prices moved in a narrow range during the rest of november. The bump was formed and then rounded upwards as prices left the bowl and moved higher breaking out of the trend...
If Cel can get back above the .236 Retrace and then the trendline i think it will make a dash towards the .886 Retrace then the 1.618 Fib Extension. *This is a Repost of an existing setup on this coin but the chart i used was an FTX chart and ssiunce FTX's chart no longer exists i felt it necessary to repost the same setup but on a different exchange*
This is an Update to this currenly still active previous setup from several weeks ago: As of rigth now LINK has Confirmed it's Pivot from the 0.618 and has now broken through a serious Supply Line; If it continues up to $9.51 we will have confirmed a Partial Decline which at that point should lead to a Breakout of the Range that could take it to the next...
We have some RSI Bullish Divergence and a Double Bottom at the 3.618 Fibonacci Extension and are currently Breaking out of a Bullish Dragon Trendline and will later be looking to Challenge the Validation Line of a Bump and Run Reversal Bottom.
Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 Welcome to Charting101, the Bump and Run Method . In today's analysis, I present a 7min MASTERCLASS for speculating...
This Pattern is unconfirmed until BCH Breaks above thte Validation Line but right now could be a nice place to try to get in early in anticipation.
We have a BARR on the Intra-Hourly Timeframes that could take it back up to atleast the start of the pattern.
MATIC formed a look-alike Bump-And-Run-Reversal Bottom. A Lead-in phase of almost 1 month with low volume, then followed by two bump phases with high volume. MATIC has just broken out the trendline and is ready to get the first targets (depicted in chart).
The bump-and-run reversal bottom is a chart pattern that is a surprisingly good performer in both bull (ranking best for performance) and bear markets (ranking second best). It has a low break even failure rate and high average rise after the breakout. Discovered by Thomas Bulkowski in 1999 Bump-and-Run Reversal Bottom: Important Bull Market Results Overall...
BTCUSD This pattern confirms as a valid one if the price closes above the resistance line.
Hey all Gamblers Paradise here with another crucial update on the Bitcoin Price Action. Just wanted to remind you to please like and comment on this post if you have found use for it in your trading analysis and be sure to also Like & Follow my Trading View account to get these updates as soon as they come out! The SMART TRADERS are SMASHING the LIKE, REP and...