In this chart ( AUDUSD ), we see a disconnected channel pattern that will probably break upwards. In the lower time frame, we see a flag pattern that has the ability to continue based on the current momentum. Of course, we have to wait until this channel breaks apart and then make a decision. wait my friend...
Hello frieand. like you see in my shared chart , matic is in a disjoint channel and runnung sideways. nowadays we are in the mid-line of this channel and we see a strong bullish Hammer in this position. also we see very good volume and its possible they are buyers! if we go upward the first important resistance level is 0.5500 and if we cross this level we will...
Very cool how 6k psych, zone and trendline resistance have all come around the same level for NSE:CNXCONSUMPTION . To top it off, the day's candle shows suppotr. Curious to see how this plays out... From what I could observe, the index has underperformed NSE:NIFTY so I wonder if it may try to play catch-up now?
GBPUSD recently broke out of its 1D descending parallel channel, which seems to be a bullish flag, it then re-tested the channel thrice with the last 1D candle closing as a bullish spinning top. 1D Analysis The Friday candle closed as a bullish spinning top after its retest of the 1D descending parallel channel, this could be a possible indication for a...