I see a double bottom pattern on the 4 hours frame and the price is respecting the neck line so far. On the 1 hour frame however, we have (0.92496) as a support that is holding the price bellow the neck line. If the price breaks the neck line with a daily candle then it will go up after retesting the neck line and ranging around it for a while. If the price...
We have 2 supply zones waiting for the price. An uptrend has been created on the 1 hour frame heading towards the (supply zone 1). We gonna have selling opportunity If a head & shoulder or a double top pattern is created inside one of the zones, or even slightly above them, and the neck line of the pattern is broken. DO NOT ENTER THE TRADE WITHOUT PROPER RISK...
The price has reached the demand zone that it has jumped of since June 2021. I am waiting for a reversed head & shoulder OR double bottom pattern to be shaped inside or slightly bellow the zone and buy when the neck line is broken, DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADES
In the previous post in 26th of September I defined a reversed head & shoulder patter in the demand zone with its neck line. The price did not break the neck line and dropped even further towards the (demand zone 2) In the (demand zone 2) I see that a new neck line is defined as a strong resistance on the 4 Hours frame. (If the neck line 2) is broken then look...
As I mentioned in the post in the post of 23rd of September that If the neck line is broken then price will drop to the demand zone. The price is now inside the demand zone after it crossed the neckline with daily candles. Bellow we have a (Demand Zone 2) available in case if the downtrend shows some extension. If a reversed head & shoulder or double bottom...
In the previous post we mentioned that a new neck line has been created after the price hit above the previous tops. Price is now moving up sharply and the probability of falling of the supply zone depends on the pattern that is going to be created. There is (supply Zone 2) waiting. If a head & shoulder or a double top pattern is created in one of the two areas...
Price has jumped from the demand zone since the lowest point in September at around 1.03000s I see that if the price reaches the (supply zone 1) and a head & shoulder or double top pattern is created then we should wait for the neck line to be broken to look for selling opportunity. Price may continue higher and reach the (Supply Zone 2) or even slightly bellow...
Price is coming down from September's highest point. We have 2 Demand zones are waiting, If a reversed head & shoulder or double bottom pattern is created inside any of them then we can buy after the neck line is broken with (1:1) ratio. DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADES
Price has dropped of the supply zone 2 If it reaches the demand zone and a reversed head & shoulder or double bottom has been created inside the zone then wait for the neck line to be broken to buy accordingly. DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADES
The price had created a double top almost above the supply zone and dropped down after the neck line has been broken. I see that if price reaches the demand zone, a reversed head & shoulder Or double bottom pattern is created and the neck line is broken then we should look for buying opportunity accordingly. DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT...
Last week the price had reached the supply zone as we had expected in the previous post. A double top pattern has been created with respect to the supply zone and the neck line has been broken but the price did not drop further. Now the supply zone is being retested and a new neck line has been created. Price may go higher than the previous tops to prepare for a...
The price shows respect the Demand Zone with bullish engulfing candles on the 4 hours frame. I see that if the price retests the zone again then we should wait until a reversed head & shoulder or a double bottom patter is shaped and the neck line is broken to look for buying opportunities accordingly. On the other hand if the price continues going higher...
Price is falling down to the demand zone. If it creates a reversed head & shoulder or double bottom inside the zone then wait until the neck line is broken then buy accordingly DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT. YOU ARE RESPONSIBLE FOR YOUR TRADES
In The previous post we expected the price to drop of the supply zone after the neck line is broken. The analysis went correct and the price is currently falling towards the Demand Zone If a reversed head & shoulder or double bottom pattern is created inside the demand zone or slightly around it then wait for the neck line to be broken to buy with proper risk...
The price is respecting the demand zone and ranging in it since February 2021. On the daily frame I see that (If) the price goes up and reaches the (supply zone1) then we should be waiting for a clear head & shoulder or double top pattern to be created inside the zone to sell after the neck line is broken. If price goes ignores the first supply zone and goes...
As predicted in the previous post, we reached the supply zone. I see that the price is respecting the supply zone and a double top pattern has already been created almost bellow it. A strong divergence is shown on the RSI. I will wait until the neck line is broken with a full liquid candle then I will look for selling order accordingly. DO NOT ENTER THE TRADE...
The price has touched the supply zone and dropped down in September 7th. A head & shoulder pattern was created bellow the supply zone and the neck line was broken and I see that it may continue down until 37747.28 $ If the price drops farther till the demand zone then I will wait until a reversed head & shoulder or double bottom pattern is created and look for...
After rising from the demand zone as mentioned in the previous posts, price is getting closer to the supply zone Wait for the price to reach the supply zone and if a head & shoulder or double top pattern is created and the neck line is broken then look for selling opportunities DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT