BITCOIN(BTCUSD): Bullish Rally Continues!?📈📈Bitcoin has surpassed a resistance level within a horizontal range on a 4-hour timeframe.
This breakout confirms a likely continuation of the upward trend, given that the market is currently experiencing strong bullish momentum.
The next target for Bitcoin is expected to be the resistance level at 47732...Trade safely 👍✅
Rectangle
CADCHF RECTANGLE CHANNEL CADCHF is currently trading within a rectangular channel, marked by boundaries of support and resistance levels. The Upper Trend Line Breakout is at 0.68317, and the Lower Trend Line Breakout is at 0.64586.
A break through the boundaries of these trendlines will validate the rectangular channel pattern.
EURUSD: Structure Based Trade Explained 🇪🇺🇺🇸
EURUSD is testing a wide daily horizontal demand area.
The price is currently ranging on an hourly time frame.
A bullish breakout of the resistance of the range - an hourly candle close above
1.1085 - will be your solid bullish confirmation.
A bullish continuation will be anticipated at least to 1.1106 level then.
If the price drops lower, the setup will become invalid.
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Russel 2000 Rectangle Pattern Bullish BreakoutThe Russel 2000 has broken through a long standing Darvas Box resistance level (yellow horizontal line) on the Weekly chart.
This has formed a rectangle base in the Russel 2000 with a 23% gain price target , calculated with a 1 to 1 upward move from the top of the Darvas Box resistance level to new highs on the Russel 2000. This is not investment advice.
ADSK - 16 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
Dollar Index (DXY): Your Trading Plan 💵
After a massive selloff, Dollar Index retraced to a key horizontal resistance.
We can see that the market is currently consolidating within the underlined blue area.
To short the market with a confirmation, let the price break the support of the range.
4H candle close below 102.37 will confirm the violation.
A bearish continuation will be anticipated at least to 102.0 level then.
Alternatively, a bullish breakout of the resistance of the range will
extend the correctional movement at least to 102.86
❤️Please, support my work with like, thank you!❤️
GIB.A - 7 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
TXT - 5 months RECTANGLE + 18 months SYMMETRICAL TRIANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
EURGBP: Important Breakout &Bullish Outlook ↪️EURGBP was trading within a horizontal trading range on a 4-hour chart for a quite period of time. Its resistance was broken last week and an intraday candle closed above it. Now it is acting as support.
Meanwhile, after testing the broken structure, I believe that the market will continue to grow higher towards the targets above....Trade safely 👍✅️
GBPCHF: Bearish Rally Continues 🇬🇧🇨🇭
Update for GBPCHF.
We spotted a confirmed bearish breakout of a support of a horizontal range on a daily.
After a deep retest of a broken structure, we see a strong bearish reaction.
The fall will most likely continue, at least to 1.094
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Crude Oil (WTI) Prepare to Short Next Week 🛢️
Crude Oil is very close to a broken support of a daily horizontal range.
72.2 - 73.0 is the area, from where I will anticipate the next bearish wave.
Let the price test the underlined yellow structure and wait for a confirmation
to sell from there.
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CRUDE OIL (WTI): Intraday Bearish Signal?! 🛢️
WTI Crude Oil keeps falling.
After a completion of a correctional movement, the market dropped again
and violated a key horizontal support.
After a breakout, the price formed a narrow horizontal range on an hourly time frame.
Its support breakout is an important intraday confirmation.
We can anticipate a bearish continuation to 67.3 level now.
❤️Please, support my work with like, thank you!❤️
NASDAQ INDEX (US100) Bullish Rally Continues
US100 successfully violated a resistance of a horizontal range on a daily.
Taking into consideration that the market is trading in a strong bullish trend,
such a breakout confirms a highly probable trend continuation.
Next resistance - 16500
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