There is an inverse head and shoulder on EURJPY. Wait for close above neckline, expect a retest.
The rising wedge forming on XCUUSD is to be treated as a continuation pattern. Wait for the break of the wedge with a 4hr close below.
There is a bull flag on XAUUSD. We need to wait for a clean breakout and close above the bull flag before entering. The target of a bull flag is the length of the pole. In this case the target should be around 1218. I will update the idea when we get a breakout, so make sure to follow to get the call! MUCH LOVE! :D
Hello everyone :D We have a double top with a hidden bearish divergence on the RSI. What that means is we have a higher high on RSI with a lower high in price. If you are looking for a short try and find a confirming pattern on a lower time frame! Much love!!
Do not enter this trade until there is a proper rejection from the top of wedge! is still too early. If we see a proper rejection from the resistance we can expect a pullback to the bottom of wedge. Be extremely cautious with shorting indices at the moment since we haven't seen a confirmed reversal pattern yet. And just to be clear even if we do see a rejection...
DJI is at a strong resistance and the top of a wedge! We can assume the price will respect the wedge and target the bottom of the wedge. The trade is how ever risky since there is no real pattern to confirm we will fall to bottom of the wedge expect the fact we are hitting resistance. If you want to be safer wait for the smaller wedge to break that is withing the...
There is a lot of room left on trade but be careful since the trade is no longer a 2:1 risk rewards ratio, unless we get a pullback to retest neckline. Also if you enter watch for interaction at the resistance box!
Wait for the break of flag on 4hr
Hey crypto traders! These are the structures and levels we should be watching for a reversal!. Do try and time the bottom, wait for confirmation! We need to be very careful since we are nearing the bottom of descending triangle , if we breakout with a daily close to the upside we could very well see a reversal! But on the other hand if we breakdown with a daily...
So it looks like we are forming a falling wedge, which is a bullish reversal pattern. The two outcomes i see most likely to happen, is 1- the Eliot waves where we prematurely break the wedge and false breakout at the fib before a corrective wave then a full reversal at 5 wave. 2- This one is actually probably more likely considering how well we are respecting the...
DONT USE THIS AS FINANCIAL ADVISE!!!- MUCH LOVE <33
THIS IS NOT INVESTMENT ADVISE. The possiblity of us breaking down to new lows is just as high, so please becareful. This is a risky time to be taking positions. Just doing this for fun and maybe it could give ideas of where me are headed. AGAIN, THIS IS NOT IN ANY WAY INVESTMENT ADVISE.
Just a thought of possible outcomes, not investment advice. Goodluck! :D
This is just a simple chart analysis, no price predictions or anything of that nature. :D