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Chart patterns

US100/ NASDAQ: Likely to challenge recent highBased on this 4H chart, there's an inverted H&S pattern. Given the selloff last Friday, the momentum is being suppressed a little. Let's see if it will breakout from its neckline. If it does, then 1st TP will be the recent high. Will like to see price holds above 1620. If it doesn't, then likely it's a fail pattern. Look for strong patterns on tech counters too. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
ULong
by leslieyimsm
GBPAUD > The Best Place for A Sell..Analysis on #GBPAUD Watching GBPAUD when and if it will come to test my resistance structure level then i will drop a one-time frame to look for a sell entry as I believe the market will turn bearish from this zone as it did before Like and comment will be hugely appreciated, thank you so much for your support. Check today analysis below⠀ >>“ insanity doing the same thing over and over again and expecting different results" -/einstein
by TheTradersAvenue
10
EURNZD > Looking for A Strong Sell Trade!!Analysis on #EURNZD I am watching the market and I think the market will soon enter my strong resistance supply zone where the market may turn bearish and make a move to the downside. if the market moves to my supply zone I will then drop a one-time frame looking for one of my reversal patterns to get in a sell trade with a good risk to reward. like and comment will be hugely appreciated, thank you so much for your support. Check today analysis below⠀ >>“ insanity doing the same thing over and over again and expecting different results" -/einstein
Short
by TheTradersAvenue
15
NZDCHF < Strong Buy May Come Soon!Analysis on #NZDCHF The market may soon come to test the strong daily demand zone and strong number 0.6250 where buyers showed a big interest in buying up the NZD. I am currently watching market reaction inside my support zone on the daily time frame before dropping a onetime frame to look for a reversal pattern to get in a high reward low-risk trade like and comment will be hugely appreciated, thank you so much for your support. Check today analysis below⠀ >>“ insanity doing the same thing over and over again and expecting different results" -/einstein
by TheTradersAvenue
2
Oil likely to go lower still. But we will see some rebounding.There is nothing complicated about the moves in OIL. Heavily overbought for some time as it was on the longest upward trend since 2007. How far it will correct is a guess at this point however it sure looks poised to drop some more. Even if not in a straight line. I expect it to bounce back to new highs possibly in a few months as we seem to have entered a new strong cycle for commodities. But for now we are in a technical void that should be filled by the price action. I've labeled the charts with two possible Elliott wave counts. Both call for longer term highs eventually and both are looking at further correction. There is also a head-and-shoulder pattern forming. Typical of a temporary or longer term top. With this in mind I really like the possible opportunity on EUR/CAD. Stay tuned I'll post about that pair shortly! Belwo I've attached my DXY analysis and will explain what this can mean for the EUR/CAD as well.
FX:USOILShort
by peterdcharlebois
3
Daily Crypto Market Update - Why I am now EXTREMELY Bullish BTC!In this video: * A review of the price action in the current crypto market space * A look at the recent Bitcoin price drop and why I have become extremely bullish because of it * A run-through of many of the other cryptos and what sentiment in the altcoin market appears to be * jasmy, filecoin, shiba, shibainu, shibusd, ada, cardano , uma, umausd, zcash, zec, zecusd , doge, dogeusd, bat, basic attention token, batusd, oxt , orchid, oxtusd, bitcoin cash , bch, bchusd , ethereum , eth, ethusd , altcoin market, bitcoin dominance, etc.
INDEX:BTCUSDLong
by stewdamus
7
AUDUSD > Looking for High Quality Buy Entry!!Analysis on #AUDUSD The market may soon come to test the strong daily demand zone and strong number 0.7100 where buyers showed a big interest in buying up the Aussie. I am currently watching market reaction inside the support zone on the daily time frame before dropping a onetime frame to look for a reversal pattern to get in a high reward low-risk trade like and comment will be hugely appreciated, thank you so much for your support. Check today analysis below⠀ >>“ Success is where preparation and opportunity meet." TradingAxis
by TheTradersAvenue
13
USDCAD > Strong Structure Resistance for A Sell.Hey traders, kindly support the idea push the like button, share, and comment below. Analysis of #USDCAD Watching the USDCAD if it will enter my structure resistance zone to look for a selling opportunity. if the market comes and enters my zone I will then look for the market to turn bearish before getting in a sell trade ________________________________________ Dear Traders, the best "T h a n k Y o u " will be your likes and comments! Before trading my ideas make your analysis. Thanks for your continued support! ________________________________________ Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
by TheTradersAvenue
5
EURAUD > Possible Strong Bullish Harmonic Deep Gartley.Hey traders, kindly support the idea push the like button, share, and comment below. Analysis of #EURAUD looking at this possible strong bullish harmonic deep Gartley pattern may or may not complete, but if it completes it will provide a good reason to get in a buy trade if the rules are met for a buy entry. ________________________________________ Dear Traders, the best "T h a n k Y o u" will be your likes and comments! Before trading my ideas make your analysis. Thanks for your continued support! ________________________________________ Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
by TheTradersAvenue
3
XAUUSD - KOG REPORT!In last weeks KOG report we said we were looking for a pullback at some point during the week targeting the 1845-50 region and higher immediate targets of 1874 and 1881. We saw price create a high of the week at the 1877 level and then create a very difficult range to trade before declining into that 1845-50 price zone. We also highlighted the Adam and Eve pattern which had formed on the chart alongside the lower high on the 4 hourly which gave us a hint of the bearish movement that was to come. Hope the updates and analysis during last week helped traders with making the right decisions in the markets. So what can we expect in the week ahead? We would like to see some more bearish pressure on Gold this week, however, having said we can most certainly expect some more whipsaw, choppy and difficult to trade price action. Although the movement on Friday looks aggressive the actual movement in price isn’t as extreme as what institutions are capable of in a sell off. We will remain with our view where we are looking for the lower levels to get in to the long trade targeting the 1900 level and potentially beyond. Unless this breaks and holds below the 1820 where we will re-assess the markets again. We can see that 1830 target being achieved so if the markets open bullish tomorrow we will look at the higher resistance levels of 1850. 1855 and above that 1860 to target that lower level of 1830 and below that the 1820-17 price points. If we reach these levels we will look for a strong rejection and support and then potentially take the long position for the higher levels. The flip side to the above is if we continue down from here we'll look for a strong level to form as support and then get in for the long trade. In this case we will need to trade it level to level as we don't want to get stuck in short trades if the market decides it wants to turn aggressively from the support levels. Please keep in mind, if they really want to stretch the buy from dippers they can take it all the way back down to 1795-97 before resuming the bullish move. For this reason, any short trades we take we will make sure to take partial profits along the way and protect the trades so we don’t miss out on any further decline. We’re still bearish on Gold but we would like to see our higher Excalibur targets achieved before Gold resumes any declines. Support: 1830 1820 1817 1805 1790-95 Resistance: 1850 1855 1864 1875 1885 1895 We have added the hourly chart below which we had shared with our group during last week. You can see the price is still in the range with a slight breakout to the top and now its targeting the lower support. What you’re looking for here is a break or rejection in the area below. We’ve also added the 4H chart which shows the Adam and Eve pattern we were monitoring last week. What we’re looking at here is to see if they complete the move around the 1830 level or they stretch it out a little further down towards the 1807-10 levels and below that 1790 before resuming the bullish movement. We’ve also highlighted the support levels below so you know what to look for if a level is broken. Again this week we will be trading lighter than usual mostly from level to level removing most of our positions when we reach short term targets and moving stops to entry just incase the price resumes in the direction.
FX:XAUUSD
by KnightsofGold
23