Inverted H&S has completed on the H1 time frame, where the head and right shoulder has also formed a textbook version of cup and handle (Round-shape cup & not-too-deep handle). Supporting with the piercing line pattern and just hitted 0.618 retracement on daily timeframe, I would enter the position as soon as the market opens. (Calculation of TP and SL...
Bullish divergence is spotted on H1 timeframe on both Ultimate Oscillator and MACD Histogram, supporting by the fact that price has just reached 0.382 retracement level (On daily tf). The only pullback is we do not have a double divergence on MACD. From the raise in the last 3 hours last week, we have already ran into a supply level. I expect the price to...
Divergence spotted on 30 time frame, supported by a H&S (which has also another H&S hidden in the head). Furthermore in the D time frame, (despite the long term trend is upward,) the swing low phrase has just started. I would expect bearish to last till the end of the week. Neutral for first half of next week, bullish long-term.
The price did not go down immediately with the strong drop of CMF (proof from volume) and the divergence of the previous 2 highs (proof from price). I also did a double confirmation that both AUDUSD (broken ascending channel to downside) and USDJPY (strong bearish momentum) seems bearish to me, which gives me more evidences to enter this position. Price currently...
I am expecting a bearish trend in the coming few days (Week of Jun 8, 2020) for the gold. Reasons: Candlestick chart: (1) Head-and-Shoulder Pattern on the Daily time frame (2) Friday's bearish candle has already break through the previous Higher Low (3) Downtrend on the Hull's trend Heikin-Ashi chart: (1) 3 consecutive short-wig bearish bar have developed a...
Hello all, Disclaimer: I am just a newbie here, trying to get comments on my work. I placed Gann's boxes on 15m and 4H time frame respectively, getting the prediction of having a last reversal (rebounce) starting from next 15 min, and then would probably a big reversal (4H, might not fit all reversals PERFECTLY as I tried to fit all reversal points in) at around...