Parttern
DID BITCOIN ALREADY FORM A HEAD AND SHOULDER PATTERN???Instead of currently being in a bullish trend at the base of the second shoulder Bitcoin could already have formed that second "shoulder" and now bounced off the support line and undergo a massive correction down the 25k support line.
I personally still believe that like explained in my previous post, we are currently like I said at the "base" of the second shoulder in a bullish trend up to the 45k resistance line.
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Update of my Bull trap prediction!Has expected bull trap and now a big crash !
Rising wedge into falling wedge obviously it was a bull trap and now it's the end !
EURCHF Correction Continues ?EUR/CHF started its last impulse at 1.07400 and correctly completed at 1.11516 on the 1 hour timeframe, using Fibonacci, then the correction began.
This formed a symmetric triangle which it's retest in turn formed a parallels channel to the base of the symmetrical triangle.
I think right now it has began it's journey to retest the level where the impulse broke out which is at 1.08938, but a fair value will be 1.09328
Note:
This is just my idea and trading strategy and not a financial advice .
Traders what do you think
Ascending triangle pattern USD/CAD, 5 I noticed this ascending triangle and thought it would be a great opportunity for an easy 25 pips or so. I believe the market will break out above the resistance line and ascend toward the previous structure high that falls around the 1.618 extension of the first leg of the triangle. i have place my buy in just above the resistance level, my limit at the 1.618 extension and my stop at previous structure low because if it breaks the previous structure low, the pattern is a bust. Please Like comment and follow. Good Trading !