based on my analysis on today's candle, sxp indicates a price drop based on 2 reasons. first, the there's a downward ABCD pattern. and second, today's candle is an engulfing bear candle. consider to sell short and take profit on the number i marked. i wish it could help your decision and i wish y'all good luck.
Hi traders: Liking the bullish price action on BNBUSD. We see strong bullish impulse up from the price, and a larger, deeper correction was formed. The larger correction has a few swing highs and swing lows, good indication that its a correction which we can expect bullish continuation once correction completes. Lets wait for a bit more consolidation if it...
Hello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!
Hi everyone: Looking at Ethereum for bullish price action outlook. After breaking all time highs, price formed a ascending channel, reverse down the price. However, we begin to see this expanding type of structure, and as we know they can be both reversal and continuation correction. WE then see a quick LTF push up from the reversal expanding structure, and...
hi traders: I am also looking at NEOUSD to resume its bullish trend. We can see there was a strong bullish impulsive phrase to push up the price. We did see a short term pullback, but it was quickly reverse with a fallen wedge, and LTF continuation bullish price action. Latest price has formed a continuation correction, and price breaks out now. Expect more...
Hello traders: Looking at GBPNZD as if made its way up to a HTF double tops area. Even though price broke up from this HTF channel/flag structure, but price moved up correctively. It formed ascending channel reversal structure. Then we see price had a strong LTF breakout from that reversal correction. Wait for clear continuation correction to get in on the...
Looks like some rounded tops here on the SPY Other indices have bearish patterns as well AMEX:SPY
Bullish Pennant pattern in my opinion the price will go touch 50D ema and after breakout it can easily go to 0,02$.
This pair has been making clear flags and has been abiding by the basic rules of trading patterns. Wait for a flag on the lower timeframe and enter on the break of flag. See below for bigger timeframe analysis. Goodluck and trade safe!
Head and Shoulders set up, waiting for a break lower was hoping for this last week in the smaller time frame H+S but may have to wait for a neckline break or a little push higher to make a right shoulder
Bitcoin remains to be bullish above 50k. In the last bitcoin analysis, we identified the ABC bullish parallel correction that we're currently in. Price bounced off beautifully off 618 and 50k region. We should remain bullish until the major channel is broken. If it breaks, we should then think about how we can sell for the short term. Goodluck and trade safe!
Bitcoin remains to be bullish above 50k. In the last bitcoin analysis, we identified the ABC bullish parallel correction that we're currently in. Price bounced off beautifully off 618 and 50k region. We should remain bullish until the major channel is broken. If it breaks, we should then think about how we can sell for the short term. Goodluck and trade safe!
I hope something like this is gonna happen in this channel.
Hello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!