BTCUSD sellThree black crows candle formation. More continuous downside is coming. it will make more corrective and sell patterns. we should not buy this now against the trend.
Formation
Sia to finish penant bull flag....? Let us know & WIN BIGThis is how Sia will play out until BTC halving in late April (notice i say late April?-Why?, well b/c that is when this will spike, we think ;)
-"ATBT2Y" What does this mean?
First to comment on your opinion for Sia, and correctly gues the 6 digit acrynom, with video or chart stating the next few months of SC and reasons why, on above acrynom gets a crypto holiday treat from us...
i.imgur.com
Whatdya think?
Winner to be announced in 7 days, let the comments begin
BNM
DOW Reinvention IPO SuccessDOW returned to the listed companies, and it is completing its new IPO bottoming formation with a strong Uptrend.
TWLO Rounding TopTWLO is forming a short-term Rounding Top Formation with support nearby. There is some Dark Pool Quiet Rotation™ that is increasing the rounding action on this chart.
The pennant is closingI see the most recent uptrend as a part of a pennant slowly closing. Therefore I'd recommend going LONG until 110.300, then go SHORT from there :)
Aussie Push UpAussie dollar rejected a strong support level.
Can the bulls push it higher?
Aussie dollar has a strong downward tendency from a multi-timeframe analysis.
Rejected a strong support at 61.8 fib indicating possible ABCD
Let's watch for formations.
A Structure Above A Structure = Bullish!Looking at the chart above, you can see the original daily structure break to the upside, shown in blue. Then you can see the H4 structure which is forming, shown in green. I have entered the long for wave two on the H4 structure.
Happy Trading
Linton White
JP Markets
South Africa
US 30 Bear Trend; If continuation from bear flag pennantEquities forming a pennant. Usually these are continuation patterns. A measured move down from flagtip would expect to make a bottom half of flag-pole equal to top half, for about 1800+ pips; this would drop index near 24200, or a bit less.
IMO the Megaphone Trend is still dominant. A breakout to upside is still possible if global events magically resolve favorably; this seems doubtful atm. FOMC will likely be too little too late, as usual.
You can see index fell sharply below rising TL, bounced up to retest it, and was rejected. Although another retest is possible, it seems the Bears are gaining traction now.
This alternative Bear Theory to compare & contrast with my earlier pub on a Bullish Reversal. If the Bulls fail this will unwind real fast. Still consolidating- caution is in order!
GTLA trade at your own risk, this isn't advice, just an idea.
NEOBTC Potential Ascending TriangleHello Traders,
Welcome back to another chart, today's chart will be on NEO, formerly known as Ant-Shares, surely a re-brand back?
Points to consider,
- Price testing resistance zone (Red Zone - .382 Fibonacci Zone)
- RSI bouncing of overbought region
- Stochs showing downwards momentum
- EMA's action as support for price at current given time
- Volume is near to none --> Below average
- VPVR is showing low volume of transactions between current resistant zones
NEO could be forming a potential Ascending Triangle which is technically a bullish formation, however this needs to be confirmed with a third touch on the support line. NEO is more probable to retrace from this zone as the RSI is coming of overbought regions, with the stoch's showing downwards momentum, a retracement to the support line is highly probable. If and when NEO breaks out of this current resistant zone, we may see a retest of the .618 Fibonacci Zone quickly as VPVR is showing significantly low volume of transactions between the two zones..
What are your thoughts?
Please leave a like a comment
and remember
"There's no such things as a free lunch"- Milton Friedman
HSBA trending downwards, currently holding supportJust throwing some lines on HSBC (HSBA) .
We have a broadening channel, higher highs and lower lows on a 20 year timeframe.
Currently in a downward trend on the monthly, just about holding historical support.
This would probably be a good place to exit if we are expecting a market downturn.
"These formations are relatively rare during normal market conditions over the long-term" - Investopedia
Bullish pennant formation on USD/TRYDue to Turkish holiday TRY will be traded weakly until Thursday. At these times, values can be more volatile.
We can clearly see the bullish pennant formation on USD/TRY. Tomorrow we have to carefully watch the value. If it will break the pennants resistance, value may go up to 5,62-5,65 channel. We can see that there will be a steep movement from the narrowed bollinger bands.
Parabolic SAR shows the downturn and also moving average does not support the upmove so that we can also expect a steep down move. In case of a down break reaction, we have to watch 5,53 support line.
Good luck all.
Short Term Long- Unless Cup and Handle Is Formed At Trend LineQuick xrp chart
If the ~4 cent Resistance level is achived, on the Right shoulder, possible Cup and Handle pattern coming into play.
NOT AN EXPERT DISCLAIMER
Stay vigilant and watch your Levels.
As always DYOR and Good Luck
SWKS Gaps on SpeculationSWKS has formed an Island Gap, after retesting the prior support level above the low of the bottoming formation. The recent gap creates the Island Gap formation. This kind of gap tends to not fill easily.
TRUMPONOMICS: holding, coiling up and releasing.This broadening formation is breaking out to the upside. To confirm that, I want to see it going fully trough the 3k level.
Target inside the chart.
GBP/JPY : Buy and Sell Trade Setups Big Expanding descending Channel or Brod Formation of structure making in GBPJPY. Currently making a Bear flag to Short Term SELL Opportunity .
Buy on Third touch of structure after Confirmation in Lower Time frame -
Let See What Will be Next Move -
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
BTC Sea Monster FormationSea Monster Formation. Based on this pattern BTC is going either remain a mystery like the Lochness Monster or have to show itself and confirm the myth. When this formation happens, it is anyones guess as what it will do. Some say that a breakout will occur and there will be a positive identification and others say it is just a hoax or only in your imagination. Who knows, will we see the beast or not? The last time a sighting was documented was 2017. Stay tuned to see what happens next!
DJI - Head and shoulder formation?! Hello traders, we see a interesting formation in the weekly timeframe provided from the Dow Jones Industrial Average Index. Since January 2018 the index is trading in the range between 27000 and 21700 points. It fromed and interesting formation till now with an low at 21700 points. Looks like an inverted Head and Shoulders formation, the right shoulders could possibly complete within the next weeks. If we break through this upper resistance line which you can see in my chart, it would be possible that we get a good squeeze with momentum to the upside. For completion the upper resistance line should be confirmed with an pull-back. When we break thorugh and confirm the line i will open a long position there. Possible targets would be 32000 to 33000 points. Thank you for looking at my analysis, i would appreciate when you follow my profile for more excelent market reports.
Have a nice day!
USD/CAD - A Lesson Worth a FortuneEntered the trade at price point: 1.3295 = 23.60% level. The proper move would have been to wait till the 50% - 61.80% to confirm a reversal at this present price zone.
It's funny because I have signals on my phone that show the sentiment of the market on whether to buy or sell. USD/CAD was in the sell at the time I called the trade and is now Neutral.
Note to traders: Trust your own bias before anyone else. If you don't that could end up costing you... or not if the person you follow is an attentive trader. (Perspective)
Still getting the hang of understanding lot size and how to determine the pip to lot ratio
and risk/reward of the trading account if that makes sense. If you have the answer that would really help. Please comment below if you do to help other traders out as well.
In other words, how do you adjust your account size and lot size as your account appreciates/depreciates in monetary value?
These were my actual stats on the demo account I guess I had a 1.98 ratio without even knowing about it. Just missed the .02. The plan is to not make that mistake happen next time.
FDX Short-Term Bottom FailingFDX is an example of a failed short-term bottom formation. These bottoms develop too quickly and are unable to fully complete the formation. This stock is now poised to retest the prior candlestick pattern lows for support.
AUD/USD, Rising Wedge Formation Prediction. The Aussie dollar remains in dangerous territory this week whilst trade tensions continue to mount pressure on the AUD. Market sentiment fell significantly today as we failed to push past heavy resistances around 0.7100. I believe fundamentals will rule out basic technical analysis over the next few months so I will continue to scalp trades as they occur on this pair. In the mean time I feel like we will see some indecisive patterns form while the market decides on a concrete market direction.
Trade this pair with caution over the coming weeks. Wait for confirmation, and don't be scared to take profits early in conditions like these!
Best of luck!
Tom
USDCAD BEARISH BAT FORMATION SHORThere we can see on 4 hours graphic bearish bat formation done well , so we can short at this level , you can check the tp and sl from the graphic.
EURGBP BEARISH BAT FORMATION E CAN PUT SELL LIMIT ORDER @ 0,87000 AND STOPLOST 0,87550 TP1 : 0,86450 TP2 : 0,86000
ENJOY TRADING GUYS
1 H Bear Flag DEU30 Short!Hi Guys!
As we see on this 1 H chart DAX showing clear signs of weakness! As the news came out of the USA, markets immediately turned around. I saw this move coming, as I spotted tone of bearish divergence since last week already.
I am entering a short now. I see this triangle formation to play out in the next 14 days.
RSI and MacD giving also nice short signals.
Let's see...
Happy and safe trading!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
