UnknownUnicorn3931771

UnknownUnicorn3931771

AUS200 has consistently continue to show a bullish continuation chart pattern. On the daily time frame chart, the price AUS200 has been spotted forming a continuation chart pattern called THE ASCENDING CHART PATTERN. The ascending chart pattern has continue to prove to be a more reliable chart pattern for trader, giving them more confidence when think of what...

UnknownUnicorn3931771

On the 19th of Nov 2019, we talked about the price of BTCUSD bearish continuation to the downside as the bears took over the market. Towards the end of last week, we saw more bearish trend to violate the support but the bull held their level. On the daily time frame chart, BTCUSD has been spotted forming a BULLISH DIVERGENCE indicating a bullish reversal back to...

UnknownUnicorn3931771

More like the measured move down pattern, this chart above clearly show the 1, 2, 3 and 4 move to the down side. This is very easy to spot on any price chart, the fibonacci extension ratios are used only. Number 2 is the most important levels here as it tends to hold price when price is moving down, so for price to complete its move to reach 4 it must break...

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The inverted cup and handle chart pattern is the reverse case of the cup and handle chart pattern. This pattern can be called a bearish continuation or a bearish reversal chart pattern. What are the things a traders need to look out for when trading this pattern? Just under half the time, price trends upward leading to the pattern, Look for a smooth, rounded...

UnknownUnicorn3931771

Based on the previous analysis we shared last week about this impeding break down, price is still at the edge of pulling back 50%(0.5fib) of its move to the upside. So what should traders anticipate? Traders should always follow the weekly market rule, which states that "The market move more on Monday and Tuesday in the direction it close on Friday". So we still...

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The consistent up and down move on NATGAS has held price down from making a new high. On the daily time frame chart of NATGAS, the price has maintained its levels of two rounded shapes.The is is a bullish chart pattern called THE CUP AND HANDLE CHART PATTERN. What is the cup&handle chart pattern? The cup and handle chart pattern is considered to be a bullish chart...

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The classical chart pattern has always been a pattern traders love to trade the most. On the daily time chart, the price of ETH has been spotted forming a bearish chart pattern called THE DESCENDING TRIANGLE CHART PATTERN. On different previous price analysis we have shared, we always talk about the horizontal resistance/support level. The descending triangle has...

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On the daily time frame, the price chart of EURGBP has been spotted forming a reversal chart pattern. What is divergence? Divergence occurs when an indicator trends in one direction and price trends in another direction. Specifically, an indicator will make lower highs while price makes higher peaks, or the indicator will make higher valleys even as price tumbles...

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When there is reversal traders are advised not to take any trade, but to look for additional sign that could also give the sign for the same reversal. On the daily time frame chart, the price chart of USDCAD has been spotted forming a bearish reversal chart pattern called the BEARISH DIVERGENCE. This type of divergence is called the HIDDEN BEARISH DIVERGENCE. This...

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On the daily time frame chart, the price of GBPAUD has been spotted forming a bearish reversal pattern called the REGULAR BEARISH DIVERGENCE. Regular divergence is one type of divergence that occurs when the price action makes higher highs or lower lows while the oscillating indicator does not. This indicates a weakness in the price action and a nearly warning...

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One important part of the use of ICHIMOKU INDICATOR is to identify levels and breakout and use them to your own advantage. This level and breakouts are called signals in ICHIMOKU. On the daily time frame chart of BTCUSD, price formed a falling wedge which held its levels all through out last week, we watched the market and decided not post any analysis as the...

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Still following market rules that the market move more on Monday and early Tuesday to the direction it closed of Friday. Last week we talked about the CUP&HANDLE chart pattern found on the 4hours time frame of GBPCAD chart. We advised all traders to wait for a valid breakout and validity of the pattern, which will require that price must breakout to the upside of...

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The weekly market rules states that "the market moves more on Monday and Tuesdays to the direction it close on Friday(up or down). The previous analysis we shared on NATGASUSD last week was the bearish divergence on the daily time frame chart. The market close week with the bearish reversal chart set up. Now the market opened with the bearish continuation chart...

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Yet another perfect example of an ascending triangle chart pattern. Price tends to break through the horizontal resistance when it has been tested 2 to 3 times. When considering to open a trade, traders should think of when to open or place a trade pending the breakout levels of such currency. The chart above shows a valid breakout of the bullish continuation...

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When there is a formed Horizontal test of price and an up-sloping test of the price, this calls for a chart pattern called THE ASCENDING TRIANGLE CHART PATTERN. The ascending chart pattern is pattern that is spotted when there is a horizontal resistance and an up-sloping support. Validity of the pattern only comes to play when price continues to test the...

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After 28days of price consolidating inside a triangular shaped bullish flag pattern, the price of GBPUSD has continued to maintain its move and continued to maintain it levels of support. On the daily time frame, the price chart of GBPUSD has been spotted forming a bullish pennant flag pattern which is called a continuation chart pattern. Th pole of this pennant...

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20th of October 2019(Previous analysis ), we analysed the chart of EURJPY after we spotted the bearish GARTLEY CHART PATTERN. The pattern held its levels for some days before pushing through the support. The price moved inside the rectangular box for 25days before a major violation of the support to the downside. The targets were met which we start anticipate one...

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When price continues to hug any horizontal level for too long with several test of that level, price will likely breakthrough the level. On the 4hours time frame chart of GBPCAD, price has tested the horizontal resistance 4 times, forming a bullish continuation chart pattern called THE CUP&HANDLE chart pattern. This chart above is clearly showing a bullish pattern...