Initial neutral descending triangle with an upward breakout along with a retest indicating bullish. sentiment. Safer entry would be at the 200 EMA Stop loss and Take profit indicated Good luck, follow me for more ideas!
Advanced Micro Devices Inc is currently in an ascending channel, enhanced by Fibonacci. We now see a strong support around the 0.236 level, which seems to be working with a powerful, 200 EMA support as well. The current trend is bearish, shown by a Head and Shoulders pattern, but will become bullish if it bounces off the strong support zone. Feel free to follow...
Greetings traders! Some have viewed this as an Inverse Head and Shoulders series, however I have taken a more appropriate view. The Elliot Wave theory with an a-b-c correction indicates a strong, bullish movement to the upper resistance level. The price has also once again retested the 200 EMA, fuelling the bulls. The price seems to be in a three-drive pattern...
The price is currently within a descending trendline where I'm expecting an upside breakout. It is also in consolidation within clear Support and Resistance levels, with the potential target being around the resistance zone. Please like/comment and follow me if you want to see more of my ideas. Good luck!
A recurring Inverse Head and Shoulders is evident in the major currency pair, EURUSD. As you can see there are various possibilities for the direction but the overall, favoured prediction is a bullish movement. Please like, comment and follow for more of my ideas. Happy trading!
The sentiment is bullish due to the fact that the price has just broken out of a descending channel awaiting a likely retest. The channel is within a descending triangle pattern, one of which might be a continuation or reversal pattern, telling us to either hold our positions when the target is reached or go short. Good luck!
The long-bullish rally of EURGBP could be coming to an end with a bounce off a major resistance barrier. The targets have been indicated, with the second target a high possibility if the first target is reached and surpassed. Good luck!
GBPUSD is heading for it's lowest since January, this after breaking out the downside of a descending wedge. The support zone is quite large, so it's possible that it will go as low as it can before the bulls eventually take over. Using this pair we can deduce that EURGBP will continue it's bullish rally through it's respective resistance.
On the 1-hour timeframe we now see Gold breaking out of an ascending trend accompanied by a rising wedge breakout, favouring the bears. This breakout was confirmed, twice, as seen in the retest, informally known as the "last kiss". I predict that gold will reach the support level, and if that support is broken, I see Gold falling to the targets I previously...
Breakout and retest of ascending trend line Double top formation Take profit and Stop loss calculated using Fibonacci After third take profit, price is highly likely to fall to the furthest support from where the trend line originated
The share price is currently in a descending triangle formation which could most likely see a bearish breakout in the coming future. In the present, the share price has just broken out of a bearish flag indicating a plunge. Good luck! ;)
The skills and knowledge we apply in currencies can also be applied in any other market, how so?, as long as there is a chart, technical analysis can be used to predict and/or determine future movements, along with fundamentals and economic events. Here is a possible investment opportunity for those interested in owning shares. Good Luck ;)