March 8, 2022 – Tel Aviv, Israel Orbs continues to push the boundaries of multi-chain interoperability as part of its Orbs 3.0 roadmap. The next step in the ecosystem expansion involves the Fantom blockchain, a growing force in the decentralized finance industry. The Orbs vision is to create broader interoperability between different blockchains and ecosystems.
#stocks are a classic "Cycles" short setup/candidate with good R:R. We have a swing high today confirmed, 7 trading days from the mid cycle low (that failed). Lot of pressure. For this to fail it would really have to break this clean cycle structure.
The chart is now set up for a possible bottom (I emphasize the word "possible"). The Factor Daily Trend Model turned Neutral on Mar 1 and will turn UP with a wide-bodied advancing candlestick that closes above 46,000. While it is not the most ideal chart construction, I can argue that a decisive close above 46,000 will completed a double bottom pattern, turning...
Three Black Crows its a High Bearish reversal Description: During an uptrend, three long black candles occur with consecutively lower closes. This pattern suggests that the market has been at a high price for too long, and investors are beginning to compensate for it. More significant if it appears after a mature advance.
Pennants, which are similar to flags in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks. The volume at each period of the pennant is also important. The initial move must be met with large volume while the pennant should have weakening volume, followed by a large increase in volume during the breakout.
KEY TAKEAWAYS A triangle is a chart pattern, depicted by drawing trend lines along a converging price range, that connotes a pause in the prevailing trend. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure. There are three potential triangle variations that...
The idee for thie SELL it’s a strong emerging Pattern on the daily chart. Three Inside Down : This pattern is a more reliable addition to the standard Harami pattern. A bearish Harami pattern occurs in the first two candles. The third candle is a black one with a lower close than the second. The third candlestick is confirmation of the bearish trend reversal.
Engulfing Bearish : Indication : Bearish reversal Reliability : Medium DescriptionOccurring during an uptrend, this pattern characterized by a large black real body, which engulfs a white real body (it doesn't need to engulf the shadows). This signifies that the uptrend has been hurt and the bears may be gaining strength. The Engulfing indicator is also...
Candlestick Patterns : Bearish reversal During an uptrend, the market builds strength on a long white candlestick and gaps up on the second candlestick. However, the second candlestick trades within a small range and closes at or near its open. This scenario generally shows erosion of confidence in the current trend. Confirmation of a trend reversal would be a...
Tehnical Indicators: RSI(14) 61.616 STOCH(9,6) 85.246 STOCHRSI(14) 70.264 MACD(12,26) 0.190 ADX(14) 32.862 Williams %R -14.755 CCI(14) 118.5844 ATR(14) 0.1861 Highs/Lows(14) 0.0754
Trading suggestion : . There is a possibility of a temporary retrenchment of Fibonacci but the trend and price action are in sell. . Technical analysis : -USDCHF created a triangle pattern and we expect a downside on the support. . Take Profits : -TP1 = 0.96600 -TP2 = 0.96400 -TP3 = 0.96150 SL = 0.97050
In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines - the pennant - followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the...