Pattern)short
Break with no volumeI expect the price to retrace to at least $1450 again before take off. Although when we reach $1450 we could see a continuation of a drop in price. If we break $1620 we could see a surge in volume and the price sky rocket up. But for now we know the price hasn’t been able to break $1620 yet, it is moving sideways and if it inches above that price we will keep an eye on the move upwards, until then just hold onto your cash unless your trying to scalp.
Remember year 2018 May-June and take a lesson from it, the merge may make the market react different but patterns have a tendency to repeat themselves
short or longanother idea;)
PATIENT is the key for TRADERS
its clear market in the trading range and the price just playing with resistance zone and show the triangle, ever the patterns help me to trade better in TR(trading range).
after breakout the triangle its easy to understand the price breakout the resistance zone or we can ready for short by PULLBACK,PINBAR AND ENTRY BAR.
TIPS: the price show divergence on the RSI and high probability price can comeback to support zone
BTCUSDT ! Head And Shoulders pattern formation. What's next?🤖BTCUSDT is trading in an upward price channel. I believe that this channel is a local correction in a global down market.
On the chart, we can see that the price updates the local tops of the 24200 level and forms a false break after capturing the liquidity. The price returns to the range, under the 23360 level, thus forming a Head and Shoulders pattern.
I assume that after the price fixes under 23360 level, the crypto coin may start to work out this pattern and we may see a downward movement. Short-term target is the border of the channel and support level 21650, if we manage to break this channel down, the key target will be support 20185.
Regards R. Linda!
NIO ShortTechnical Analysis behind my short position on NIO. I have been watching this triangle channel for a while now and with this last week, it appears it has strongly broken out of that candle. Before entering a position I am waiting for it to retest the bottom support of the triangle.
Just speculation :)
SXP displays confluence to drop, go shortbased 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.
GBPUSD 1H timeframeHello 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!
GOLD: In trouble?There are some key levels to watch with Gold. This is a nice one to see if and when patterns may repeat themselves.
Two areas highlighted in yellow show some similarity.
This could be a short on a lower time frame. If shorting and you cannot take loss on your stop-loss, leave it alone. No suggestions given for positions and stoplosses. Price and price action may change.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
GOLD CORRECTION STILL IN PLAYGold has been in correction after reaching ATH and there is still lots of profit in shorting at accurate levels. I cleared the chart and made it as simple as possible which is always much better to see what's going on. There is a clear rejection outside the channel and we see a dense rising wedge at 4H. Bulls may think about taking profit inside the green triangle and bears can enter new positions. GL to all.
EURUSD W- looking for SHORT oppurtunityHi all.
New update on the EURUSD, finding a zone where we can retrace from to grab some liquidity.
Seems like EURUSD is a bit overbought and needs a pullback before any next impuls can come.
We will monitor price action from here to see if we can get an entry for a short or that EURUSD will keep momentum and push up.
Feel free to follow and ask questions!
SHORT USDCAD: head and shoulders pattern on overbought market
very overbought market on dollar cad.
rsi shows clear divergence.
looking left we see a nice rejection candle indicating strong bearish pressure around this area.
now we have a formation of a head and shoulders pattern.
wait and sell the retest of the neckline.
Initial target 1.344