There is an identifiable inverse Head and Shoulders Pattern on XRP daily chart that has a break out measured move of $0.70 as long as we are able to break and hold support above $0.53
Based upon the daily time frame I see multiple levels of confluence forming, the measured move projected from the inverted cup and handle suggest a move back to 0.68 cent. Stay tuned
The token for the STEPN game. I think a measured move is definitely possible here.
watch my other idea as well to see what happened in 2020 6feb 20 / 23march 20 > 45/55 percent decline, depending on what top u choose, the stock took 44 days to regain rougly 55 percent some time later the stock REALLY broke out RSI was oversold on the daily under the 40 line at the 23rd this happened todat as well. we can see a trend line that started...
WITH AMD POPPING OFF....IS MU NEXT ? LOOKS POISED FOR BREAKOUT
Maybe confirmed if price does not drop below the dotted line and price continues up in a A,B,C,D pattern (measured move up).
Sorry been a bit busy lately. Have been in this short, didn't take the time to pin the idea here. I wanted to magnify the measured move concept here (after the fact yeah I know). But really it's because it helps find a point out of your trades or (if you don't want out) at least help identify where we are in the larger perspectives. For those still short, I...
The EURUSD has been recently trying to retrace after a massive 3,500 PIP drop from May of 2014. During this retracement, a nice Flag/Channel was created and then broken to the down side. Most recently the bottom of the channel has been retested and it looks like the EURUSD is ready for the repeat of history in one of the greatest free-falls in a while. The...
AUDCHF has been forming a nice wedge pattern on the Weekly. I know that a break of this wedge may not materialize for a couple weeks, but who knows - if it breaks, however, we will be ready. The measured objective may be off by some pips, so please make your own measurements and take your trades based off of your own strategy. Trade idea - waiting for possible...
Greetings Fellow Traders, Structural update for GBPCAD shows 2 very important characteristics that occurred within the last 2 days of trading. First and foremost the Parallel Channel that was identified caused a market reaction and then was confirmed broken. Furthermore...the key technical level that has been suppressing the GBPCAD from any bullish advancement...