Head and Shoulders Bottom | 12% move possibleiShares Silver Trust forms bullish "Head and Shoulders Bottom" chart pattern
"Head and Shoulders Bottom" chart pattern formed on iShares Silver Trust (SLV:NYSE). This bullish signal indicates that the stock price may rise from the close of $21.94 to the range of $24.10 - $24.60. The pattern formed over 35 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price seems to have reached the end of a period of "accumulation" at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend.
The Head and Shoulders Bottom is created by three successive declines in the price following a significant downtrend. The lowest low (head) is in the middle, flanked by two higher lows (shoulders) at roughly the same level. Volume is highest as the price makes the first two declines, then diminishes through the right shoulder. Finally volume surges as the price closes above the neckline (drawn between the two highs) to confirm the reversal.
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EUR/USD possible deep dig before reversal.My belief for this pair is that price will continue down into the stops of long consolidation periods in January and December. When I see long consolidations, I see very impatient participants. So far buyers been in heat from a down move that lasted 3 weeks. Price is reaching my levels. Truth is that the market may not care about my levels. And that's fine. Maybe it's not meant to be. All I know is that the closer it gets, the higher the probability of it hitting them. So I'm only interested if they are reached. When they are reached and worked down thru, I know that panic is ramping up and I'm paying attention to the large timeframe pattern. My drawing is an overall idea of how I think it will play out so
don't take it as a 1:1 ration prediction. I also approach this as a long and steady outlook. Price could easily collapse down but I think it's more likely that the low will be worked long and steadily. I'm not into what's going on with the news, what indicators are showing, whether price action looks weak or strong, and I don't do support/resistance lines. My predictions are based on what I perceive to be more financially adventitious for institutions and right now I see a ton of money below. When everyone is calling a bottom right at or near already established ''support'' my comfortability is much more deeper. FX:EURUSD
btc 21.5k the last hopebitcoin is in the dangerous place. it's touched 21.5k resistance before so if its break 21.5k it will go to 18k again and be there for while if 21.5k resistance don't break it can back to 24k and yes its for short period. for long period (weekly) it will back to 40k (the real price of bitcoin) i put my half money on 18k and other half on 16k
CVPUSDT uptrendCVPUSDT, the trading pair of CVP tokens with USDT on the Binance exchange, has been showing promising signs of an upward trend. The cryptocurrency has been trading in a range of $0.49-$0.55 for the past few weeks and is showing signs of a potential breakout.
Investors should consider buying CVPUSDT in the aforementioned buy zone, as this price level has provided strong support in the past. A stop loss can be placed below the $0.45 support level to limit potential losses.
The first target for CVPUSDT would be at $1.03, which is a key resistance level. If the cryptocurrency can break through this level, the next target would be at $1.60.
AUD/USD possible bottom with trapped long timeframe breakouts.I see a lot of accumulated volume underneath large timeframe breakout levels.There are weekly breakouts,monthly,and the year being pushed down. Sellers are chasing it down and it has already broken past my first 2 levels. In the coming days or weeks, I'm looking for price to hit the rest of my levels before reversing to hit the chasers and breakouts. FX:AUDUSD
Possible bottom for NZD/USDThis is a similar setup to GBP/USD. I wouldn't expect a deep dig underneath the buyzone.Maybe accumulation and a stops hit below it before reversing. When I'm calling tops and bottoms, that don't mean that price will trend up or down for eternity from there. These are setups I'm confident with to add size into or have a wider stop. I don't know what the market will do but from backtesting, when these levels are generated, there is usually a reversal that follows.Sometimes it's insntantly, sometimes it's over the course of days.I wouldn't enter trades on them especially the first 1-3 levels.
Possible bottom to get into trend earlyI have key levels marked that I'm looking for price to get through. I'm not buying nor selling at these levels. These levels represent a certain distance within a certain amount of time price has moved. When price fulfill these levels and even better overextends past them, I will look for a reversal. This is a swing strategy and where I'm comfortable using a wide stop if I'm confident that the low has been put in well past the last level. I'm also looking at other factors and will mark up the chart of what I'm looking at to confirm my bias.
USD JPY Absorbtion Hello Everyone i just want to share my VSA (Volume Spread Analysis ) to you people so you can understand that how beautifully volume and spread works and as you can see I have shared D1 chart analysis Price has break the level with increasing volume which we called absorption and now we have to wait for the price to come at support with low volume and in the near of support make Test / Shake out sign of strength and after that we can enter in the market with long position up to the resistance level is marked.
have a nice weak ahead
Put your SL below the absorption bar when price will came to retest , so your SL will be smaller and reward will be higher.
Continuation Diamond (Bullish) | 19% move possibleVanguard High Dividend Yield ETF forms bullish "Continuation Diamond" chart pattern
"Continuation Diamond (Bullish)" chart pattern formed on Vanguard High Dividend Yield ETF (VYM:NYSE). This bullish signal indicates that the stock price may rise from the close of $110.96 to the range of $130.00 - $134.00. The pattern formed over 452 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend.
The pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward. When the price breaks upward out of the diamonds boundary lines, it marks the resumption of the prior uptrend.
The Awakening of Terra and Terra Luna [HARCORE LONG]As the markets go into a phase of taking profits, the pressure of Luna's recovery is increasing. The money outflow will choose a path to follow and USTC is forming extremely bullish formations. I believe LUNAUSDT's recovery is sooner than most think. This recovery will also time it such that the crypto market's first bullish leg will continue after the flag exit. I think of it like this, many with high entries are going to hoard money in to decrease their averages. This is a perfect time for Luna virgins to enter.
Nano (xno) where are you going? Risk reward 4.4For a long time, the asset is in the accumulation stage, and on the daily timeframe, you can see the resulting double bottom. If the resistance zone is broken through and the asset is fixed above 0.935, I expect growth to the area of $1.3
This is not a financial recommendation, everything you do you do at your own peril and risk.