luckyveerasamy92
Price is moving within the expanding channel. Currently price is forming a correction/ continuation to move higher. What are your thoughts
Rising wedge formation... Price might break below targeting the 2 TPs
The price is moving within a descending channel. Currently price is trading within a symmetrical Triangle... The price might break above the triangle and continue moving higher to test the descending channel resistance level.
Price is moving within an Ascending channel. Should the price break below. The market will reverse lower targeting the support level indicated by the arrow down
Price is moving within the expanding channel... But currently the price is trading within the falling wedge pattern. A probability trade, the price will break the expanding channel and continue moving up indicated by Green arrows and a possibility trade, the price will test the expanding channel resistance level and reverse lower indicated by Yellow arrows
The price is moving within the Rising Wedge pattern. Should price break below the rising wedge, we open sell positions and target to the low indicated by an arrow
There is a possible double top formation within the expanding channel before price moves down to test the support.
Currently the market is moving in an ascending channel. Probability the market will go for 1 last touch indicated in green and a possibility the market will move down indicated in Yellow at the double top area.
Nasdaq is on an ascending channel to test a 3rd touch before reversing down to the support level highlighted
On the 1hr TF, the market is trading in a descending channel. The market is moving up from a daily key level. The market might breakout from the descending channel and continue higher to test the above key level. What are your thoughts?
On the 1hr TF on the ETHUSDT. Currently the market is bearish (short term) moving towards the 50-61.8% fib level which may be new support level. and the Fib level are in line with the trend line. Market might go long once the market tests the Fib levels
On the 1hr TF. The ascending channel structure broken. Wait for a correction before entering the market short. What are your thoughts?
On the 1hr TF. The market broke the recent resistance level . Now the market is re-testing the level as support between 50-61.8% fib level. Wait for long confirmation. You may enter long at confirmation on fib levels or after the re-test of the broken downward trend line. With TP1 @ 1.172 & TP2 @ 1.267. What are your thoughts?
On the 1hr TF. The market broke the recent resistance level. Now the market is re-testing the level as support between 50-61.8% fib level. Wait for long confirmation.
On the 4hr TF. The market is moving along a short-term uptrend towards the 50-61.8% fib level in yellow. If the market respects the major down trend, the market will continue down, if not, then the trend will be broken and the market will continue up on a new trend. Its a waiting game for now.
On the 4hr TF, the market is moving within the symmetrical triangle. On the 1 hr TF the upward trend line was broken and now the market is retracing towards the 50-61.8% fib level. The market might continue short thereafter. What are your thoughts?
On the 1hr timeframe on the CHFJPY chart. A double top has been created, market broke the neckline and retested. enter market short.
On the 1hr timeframe on the GBPJPY. The short-term uptrend has been broken. It wise to wait for the correct/ retest before entering short.