As we can see, the price has reacted well to the lines above and below the channel. If the short-term downtrend line breaks, the price movement towards the middle and upper line of the channel will not be out of the question
As we can see, the price has reacted well to the lines above and below the channel. If the short-term downtrend line breaks, the price movement towards the middle and upper line of the channel will not be out of the question
waiting for breaking trend line ..........................................................
waiting for breaking highlighted zone ..........................................................
waiting for breaking highlighted zone ..........................................................
it seems that price is forming ahead and shoulders pattern. when the neck line is broken we can expect the price to reach the highlighted zone as a first target
forming double bottom pattern on the strong support zone. when the neck line broken by strong candle we can expect the price touch the highlighted zone as a first target
it seems that price is forming a double bottom pattern. when the neck line is broken we can expect the price to reach the highlighted zone as a first target
after a impulse wave, we can see a triangle pattern as a correction that broken by a powerful bullish candle therefor we can expected price reach to the highlighted zone as a first target
breaking channel pattern (correction) .we can expect the price reach to highlighted zone ...
sell position when the hilighted area broken by bearish candle
as we can see in the chart a impulse wave reach to a resistance area and fall then forming a correction that can be consider a cup and handle pattern. we should waiting for break highlighted zone by strong candle for buy..
waiting for break highlighted zone by strong candle. at this level we can see forming a triangle pattern after a impulse wave
it seems that price is forming wedge pattern as a correction and tend to continue previous trend..
price reach to the strong resistance area (static and dynamic). also we can consider latest wave as a impulse elliote wave (1-2-3-4-5). we can expect the price reverse when the descending trend line break by strong candle.