Many bullish patternsInverted HS, double bottom, ascending triangle, everything about to break. It might consolidate a few more days within the triangle but looks very explosive.
Doubelbotom
USDT Dominance double bottom? I'm looking at 8h timeframe. There is potential double bottom formation which will be completed if USDT bounces from the current support level and breaks 8% neckline. W pattern target is mentioned on the chart. This is a scenario 1/ orange color/ with 25 % probability and at the same time if can lose the current support level and breaks down to the next support level at 6% and after a small bounce drops to 5.5%. This is a scenario 2/pink color/ with 75% probability. This will be bullish for BTC.
Combining USDT with SPX and BTC, I gave 75% probability to the 2d scenario because of BTC bullish case scenario I published on my previous analysis.
EUR/NZD. Expecting to move UP to resistance before moving downYo traders,
EN looks bullish at the moment after forming a double bottom and presently in good upmove. Expecting to move slightly more till resistance and if the resistance holds will look for corrective down wave. Lets wait and watch how this turns out.
Please like and support and comment and share your ideas.
Thanks
Madtradex
TSLA prepare to Long in V or W reversalTwo possible long plans:
#1 If Gap up next Monday, it is V reversal:
Buy above 443 and below 455
Stop: 427
Target: 540
Risk/reward=28:85= 1:3
#2 If Price down to 370 to re-test the breakaway Gap, it might be double bottom:
if keep going down below 370, do not buy.
Confirmation entry: Buy above 380 and below 400
Stop: 350
Target: 600
Risk/reward=1:4
This is a trading school homework. I need 6 months to practice my trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
In real trade, I use options. Using Option allows me to set my stop behind next fresh demand/supply zone, to avoid being stopped at the same price as other stock traders.
Sum of my ideas: 1 winner, 1 loser, 1 active, 7 cancelled, 2 pending for condition, 1 analysis only.
AUDUSD New Update and Potential Long OpportunityWe previously thought that price was still looking bearish. However after this DOUBLE BOTTOM formation and BREAKOUT and what is looking like the retest of the neckline CAN WE STILL THINK SO?. Now if price respects the "retesting rules" we could see it push up towards 0.68711 and even further to 0.68785 thus forming what will look like a HEAD and SHOULDER and if price gives us a gud enoug raison up there, we will be shorting.
GudLuck
