Looking at my 240 chart I see that this pair respected my weekly resistance, and maybe forming a bull flag. If everything plays out, it should breakout to the upside near my red resistance line.
Potential price action set up for inverted head and shoulder. I look left to see a similar setup
USD/CAD Is setting up for a break out, a nice bull flag has formed, but ill be cautious into a clear sign into the upside has appeared
Looking at Gold on the 240 its clearly a bull flag, within that bull flag I see a ascending channel has formed it may correct and then break out of the flag to the upside. The end of next week will give us a clear vision on what will happen.
Oil looks like its gonna reverse to the upside. it broke out of the descending channel a little and may rise up after the holiday.
The Dow is setting up to form like a cup n handle pattern. when u look left in the highlighted area you can see right before it went into a ascending channel a cup n handle appeared I will keep an eye of the DOW for further analysis.
This pair is showing a bear flag on the 60 chart. I will sell this pair once it breaks out of the flag retest and continue down. If not I would watch for the reversal.
Price has broken out of this bull flag a little on the 240 chart. I would like to see if price action play out like this.
Expecting price to breakout of this channel and at least go back up to the resistance line (green) off of that strong engulfing candle.
Learning how to tell if a reversal pattern is forming as oppose to a bear flag. It looks like a reversal pattern is forming on the 60 chart have to wait until it breaks resistance and retest for the buy.
Bull flag forming on the 60 chart its moving slow due to lack of volume but watch for break out, once volume picks up.
Looking at the 60 chart I see a left shoulder and a head but it has to play out a little more to confirm it. right now its sitting on a strong support line and may go up from there, I will be patient and wait until it convincingly bounce from support first.
It looks like this pair is finally looking up on the daily. I will wait a few days or a week or so and hope that it will consolidate then move up. The market will slow for the up coming holidays. after that I believe it will go up. like the example on my chart.
Waiting on the bear flag to form on the daily to catch the big move down. I look left and this is the way I think price action will form.
Price action formed the way I thought it would on this pair. I have the pick to prove it lol
bearish flag forming on jpy pairs look out for traps next week and let them break out before sell
looking for this bearish flag to keep forming. once its break out and retest I'm gonna sell this pair
Key levels of resistance hit. I will check back on Tuesday and see if a bearish flag has formed then I will sell this pair.