Descending Broadening Wedge Partial Decline at an .886 RetraceWe have a Descending Broadening Wedge with a Partial Decline on Zcash at an .886 Fibonacci Retracement with some RSI Bullish Divergence on the Daily.
Partial
ETH new markups new 1000$ paper account Last analysis was a bust. Lesson learned don't predict a pattern will form and ignore HH and HL. This i took all that into account and it played out in my favor.
AUDCAD: Descending Broadening Wedge Break-Hook-Go ConfirmationThe AUD has broken out of this wedge after confirming a partial decline and is now confirming the breakout level as new potential support if we can get some follow though we may at the very least see the 88.6 retrace to the upside.
Update on Silver's Bearish Partial Rise SetupA while back i uploaded a chart pointing out that silver was partial rising within a trading range and that the next time it hit the bottom of the range it'd be much more likely for us to break down and today here we are. I'm reuploading this chart as a relevant reminder of the impending breakout.
I expect that we should get a move down to the .786 and .886 area once things really get going.
Along with Silver i'm similarly bearish on Gold
BAOUSD: Partial Decline Descending within a Broadening WedgeWe are breaking out of this descending broadening wedge after confirming a partial decline our logscale target takes us up above 1 cent to the 1.618 fib extension. this trade requires me to risk 60 percent of the position size so im not putting anymore than a thousand dollars into it.
Monthly Put Options Play: Monthly Partial-RiseBABA seems to have completely broken it's trend and looks to be preparing to reverse back down to where it started i think in the next few months you will certainly see BABA below $145 and worst case scenario it will go back to the 60s.
Right-Angled and Descending Broadening Formation Partial-DeclineThis Just like XMR is likely going to breakout and reach targets
Hidden Bearish Divergence Beneath Ascending Broadening WedgeI was waiting for the Risk to reward ratio to line up before posting this we're testing the old line to try to find resistance at old support here and that's allowed the R:R to be acceptable. Now would be the chance to enter.
Silver Looking To Pullback More Than 30%Silver tried to breakout and failed then it also failed to gain any sort of bullish momentum on the weekly and now it looks to be ready to crack the support after having a nearly confirmed partial rise and closing lower than is has closed since becoming rangebound.
The Measured Move of this range breakdown would take us down to the .886 retracement where i then think silver will attempt to become bullish again.
Dark Cloud Cover Right Angled and Ascending Broadening FormationETH is showing Bearish Divergence and a partial rise in a Right Angled and Ascending Broadening Formation and we just got confirmation to enter short near the support level in the form of a 4HR Dark Cloud Cover Closing.
EURAUD updated. partial TP. Hello everyone. just showing an update the previous trade idea. i secured and 42 pip partial profit. the pair may continue down. if the buy candle stick closes with the same body length or more, signal for a reversal.
I was looking for a clean drop down. +42 pips in account is still good. :)
BITCOIN still trending down! Short term day traders should observe the rectangle range we've been trading in since the 24th, after the sudden drop. I have drawn the bear flag that has setup this pattern. Now, after 3 touches on bottom and 2 on top, it seems we have a partial rise. That is good news for the bears as this typically indicates a breakout of the pattern is impending. As part of the bear flag, this would give us a Target of 3435, which correlates with the support from December 18th.
My previous charts have shown what appeared to be an inverse head and shoulders pattern forming. At this point at 3750, we are very close to the bottom valley of the right shoulder I have drawn. (see pic below). So if the bear flag is the dominant pattern here (and since we are still in the bear market, that would be true), this would end up invalidating the Inverse Head and Shoulders.
However, to give the Bulls some hope, this could still be a part of the Elliott Wave correction ABC waves from another chart I made (pic below). Albeit, if the price does drop to the 3434 level, that is quite a bit deeper correction than originally estimated, but still altogether possible, as long as it doesn't completely retrace to the original low of 3135.
In summary, there are 3 possibilites:
1) Bear Flag takes us down to 3435, and then continue trending downward from there.
2) Bear Flag takes us down to 3435, and then the Elliott Wave retrace ends, and we begin Wave 3 bull impulse upward
3) We don't breakout of the bear flag, the retrace and the Higher Low is already printed, and we complete the Inverse head and shoulders pattern, with a future breakout upward.
I'd give a 60% chance of option 1 at this point. 20% for option 2 and 20% for option 3. Be careful!
See previous analyses and pics below.
Have a Great Day!
BCH/USD ShortBCH is forming an ascending broadening wedge and can break down anytime
To catch this trade we have 2 possibilities
1) We get confirmation that the pattern is a valid one once support trend is broken and we can place a short order
2) We retrace to one of the horizontal support levels and get a rejection, this would imply a partial decline and we can place a short order
TP as mentioned in the graph
BCH/USD LongBCH is forming a descending broadening wedge
We have to wait for a close above resistance trend line to place a buy order
Though i expect a rejection here followed by the formation of a partial decline which would be even more interesting to buy since partial declines predict the breakout direction (upward) and works 79% of the time
TP as shown in the graph
BTC/USD LONGI see descending broadening wedge on BTC and it might be forming the partial decline which would trigger a long position
We have to wait for reversal candle in the buy zone
TP as mentioned in the graph
BTC/USD LONG BTC/USD is forming a broadening bottom
The performance of this pattern is not the best but the partial decline does a good job of predicting an upward breakout
TP's as mentioned in the graph
BCH/USD LongBCH is in a broadening descending wedge, price touched the bottom trendline 3 times and is now forming a partial decline so we can expect an upward breakout
SL and TP as mentioned in the graph
