Either cup and handle or a inverse H&S, don't matter, the measured move is the same, depth of the cup (or inverse H&S) is the target above the neckline. Computer says it'll retest the neckline then rise to .23
Not yet Star Wars day (May 4th) but if we apply the pitchfork to the chart, (and use a little poetic license), we can see whats been hampering the progress. If the price can break above the current tine, we will get support from it, probably bounce around in the next channel, bull or bear, who knows but at present, we remain bullish. Of course, if we continue to...
The price was rejected from the .786 fib and printed a bear flag, the target of which and the bearish rhombus also point to 1.0795 which conveniently lines up with the.5 fib. There is also a second target at the .382, also shown by the rhombus
Price action moving in a bullish ascending triangle. I expect the price to re-test the lower boundary and then to breakout. The .0618 fib is currently forming the horizontal boundary, the target would seem to be the .50 fib at .2280 DYOR before entering any trade
Hi all, Just starting to study the Wyckoff theory, all comments are welcome.
Hi all, just starting to study the Wyckoff theory, all comments welcome
Well, maybe the bottom was in (maybe not as well) and here is the picture we see. Having seemingly found some support at the green zone we are ranging between there and the long term trendline from the channel on the weekly. Expect to see a return to the supply zone. After this, we can reasonably expect a return to the red zone. In the red zone, we find the local...
The pattern clearly shows me a bearflag, (YRMV) As a long term HODLER, it's not so nice but as a trader, I'm going to put a saddle on this bitch and ride it down!!! The price failed to break the local .618 fib at around .168 and is now going to be sold off by twitchy traders
Could that be a massive bullflag on Ethereum's chart? Well, if we take the height of the flagpole and place it at the bottom of the flag, we also reach a serious level of resistance at 399! Interested to hear your thoughts on this.....
Lots of traders getting bullish now after the cooling of the massive drop last week, but we may not be out of the woods just yet. The confluence of two bearish patterns yet to complete shows that we should be cautious before jumping in long
It will continue down until it re-tests the downtrend line at around .22 This is common behavior, often, once the price breaks through a long term trend, It tends to touch the line once more before it sets it's next course. Short term bearish , long term bullish
Price gained support after a fall yesterday. Stochastic and MACD looking bullish, nice day/intraday trade
Tyson have been around for years, they were once involved with BYND, but have cut ties and are now producing their own fake meat products. I see an ascending triangle, a bounce from the 200MA and a 9 on the Demark H4 indicator. Fib extesion shows the golden fib at a nice round 100 Stop just below last bounce at 86
Don't overthink it, the art of life is simplicity
Like countless other crypto, Fantom has been banging along on the bottom for some time. Now, it gets a 9 buy signal on the Demark indicator. It's not the strongest signal as it wasn't properly confirmed but I think this should begin to grow from here
Clear signals on the Demark indicator, also on the Stochastic and RSI. Lots of bullish momentum in the last few sessions. Demark shows areas of resitance where you can take some easy profits. I've only marked the first couple of targets but this one looks set for a good run! BTFD!
The height of the flagpole is the target from the continuation of the flag. I'm looking at the .618 fib where the original retracement ended, and assuming the flag will start there. Also, The fibonacci extension shows a perfect confluence at the 0 fib extension at .26291 for a quick target