Stage 1: Price trends sharply upward forming the “flag pole.” This rise should happen in less than 2 months. Stage 2: A consolidation pattern forms after the rapid rise higher. It can look like a flag or pennant, as long as there is a pause in the price rise. Stage 3: Price breaks out. The pattern is confirmed once the stock or commodity closes above the highest...
The AUDUSD presents an increasingly bearish technical stance according to the 4 hours chart on the broader horizon, however we should expect bullish wave this week towards potentially trend line resistance at 0.75 range as Investors digest the report following Fridays NFP and the market equalises. I'm bearish overall on the AUD due to a stronger USD over 2018...
Looking at the bigger picture, it looks like we have good price action reversal off the weekly support level with a pin bar on the daily.
Cypher Pattern – Rules The Cypher pattern starts with a market price that establishes the X and A points. Once this leg is determined, the pattern evolves. Point B retraces to 0.382 – 0.618 Fibonacci level of the leg XA Point C is formed when prices extend the XA leg by at least 1.272 or within 1.130 – 1.414 Fibonacci extension level Point D is formed when it...
It's been a while since I charted up patterns. Pulling my old Forex handbook out. Hope i'm not digging too deep here, correct me if I'm wrong with any ratios.
Here's a plausible bullish scenario using the 1.618 extension as target's and MACD crossover to predict trend movement. It appears that XVG is consolidating in a identified Bullish Flag set up. Targets are set from a 1.618 Extension , as that is what got us here to start with from the previous Bull Flag Set Up. With news of Wraith Protocol being released...
It appears that XVG is consolidating in a identified Bullish Flag set up. Targets are set from a 1.618 Extension, as that is what got us here to start with from the previous Bull Flag Set Up. With news of Wraith Protocol being released this week, as well as post christmas buyers entering the market, this scenario is not completely impossible to play out in the...
Looks Like Verge has found some support at the 280 or the 61.8 Fib retracement. A move past the previous high at 337 should confirm the uptrend. But hey it's crypto, anything can happen. If the news of wrath comes out this week this should fire up confidence in this scare coin. Stay Safe, Watch this space. Let me know your thoughts on XVG below. ***...