In NSE:BANKNIFTY there is failure of descending triangle pattern. When a descending triangle fails, it often leads to a sudden reversal or consolidation rather than a continuation of the prior downtrend. This reversal could result in a period of sideways movement or even a bullish breakout if buying pressure persists. A sustained rally above the upper trendline...
- Just an observation - Great example of a failed pattern playing to the opposite side - Buyers stepped in above the right shoulder while shorts covered...
Price failed to make a new high which would have confirmed a Bullish continuation move If Price breaks below both sma's 1st Sell Stop @ 1.7290 2nd Sell Stop will be when price on the 15m chart makes a Break-Hook-Go pattern below the trendlind 1st Sell Take profit 2 1.7235 2nd Sell Take profit @ 1.7175 SL above 100 sma Watch Mach for direction - should cross below...
Good evening everyone. Update on BTC. I still feel the IHS pattern will fail. See how the volume has gone down drastically. This may be normal consolidation, but a massive amount of volume WITH FOLLOW THROUGH (not just one candle) will be needed for the formidable resistance above, and to complete and validate the right shoulder. So far, the bulls have not shown...
Today, I am going to do an analysis of one of my losing trade. Although winning feels rewarding, if you want to improve, there is no better school than reviewing a setup that failed - understanding where it went bad and what would have been the best solution, was there any mistake? This is a personal introspection of how i felt during the trade, why i entered the...
tcell surpassed the left shoulder level at 15.25 and reversed one of the most bearish top formations. expecting explosive rally to follow the break out.
XAGUSD is going up as everyone can see + price is above major support ( from daily and 4h charts ). So i will look to buy in support zone after accumulation / reversal pattern as described on the chart. Best of luck :-)
Waiting for the right shoulder to be created. If pattern will look like it fail ( false of the low and back above support zone ) then i'll look to buy. Everything is on the chart... Best of luck :-)
XAUUSD is in uptrend and upper channel line is holding for now. If price will break it i'll look to sell the retest as described on the chart ( as default right shoulder will be created ). support and resistance are marked on chart - please note the most important confulence with fib. Also, this chart can help the traders who think gold will continue its uptrend...
It looks like h&s pattern failed to continue down and it might be a significant pivot to the upside. therefore, a long position will be taken on support as described on the chart. future resistance updated with ultimate target. Best of luck :-)
As you can see GOLD is in up channel and formed h&s pattern on a strong support . For my opinion it is a good place to buy with low risk and very high reward . So, watch lower time frame for reversals. Best of luck :-)