Triple-top
XEM/BTC Triple Top XEM/BTC is seeing some strong upward movement today. I'm seeing the price reach the 1450-1500 sat area again.
If the price manages to blast through this area, we might see even more growth in the coming weeks. In any case, trade carefully.
Nikkei Struggling At Key Resistance as Revised Coronavirus Data Optimism crept back into the market earlier this week, with market participants speculating that cases of 2019-nCoV may peak by the end of February.
However, a revision of the counting methods used to identify infections led to a 15,000 case jump in the Hubei province; with the WHO stating many of these cases date back up to three weeks.
This has seen doubt creep back into the market with the Nikkei FOREXCOM:JPXJPY pegging back most of its gains from earlier in the week, after failing to break key resistance at the 24000 handle.
Early formation of a shooting star candle, a potential triple-top reversal pattern and RSI divergence highlights exhaustion in the recent uptrend from late August 2019, and could see price begin to pull back to retest the 2020-low (22637) and 38.2% Fibonacci (22525).
Break of support & sustained momentum to the downside could see price push towards significant uptrend support ,extending back to June 2016, and confluence with the 61.8% Fibonacci (21509). FOREXCOM:JPXJPY
USOIL-H4 short term and long term targetsLets combine Elliot Wave and technival analysis. According to D1 chart price is bouncing from a long term S/R and neckline (triple top):
We see also a previous WXY structure already completed.
Here on H4 chart:
- 0.61 fib retracement
- first convergence
- trendline (channel) broken and retested
- H1 expanded flat
Thats all, entry point and targets are shown on chart.
Best regards
Monthly resitance USDCHFUSDCHF hit the monthly resistance 3 times before breaking the upper triangle line to the downside. The daily chart shows a double top on the monthly resistance which also shows a parish momentum. With a doji formed on the weekly chart and a bearish move following it right away we have a possible bearish move following.
aud usdthese are our 3 possible "short zones"...
at No.1 price touched and reversed from the zone...means some "old" bear orders were filled here ...
question is : are there enough open orders to push price down again or will we see a raise to point 2 or 3 ?
we also could see a forming tripple top here..
waiting for some PA and lurge like a leopard
Triple topPlatinum along with other precious metals started a bull market around february. After two attempts to climb above 1000, we are now at the third of these tops and heading towards correction. I still believe the primary trend is upwards and support will be met with 50MA around 960.
Note that last three new moons (blue spots) market peaked and reached bottom around the full moon (white spots). This is definitely no coincidence and you can check it on other occasions and other markets, specially silver.