Looks like Opendoor's stock is shaping up to form a Butterfly pattern! If you're familiar with this symmetrical chart pattern, you'll know that it can signal a potential reversal in the stock's current trend. So, for those of you who believe in the power of technical analysis, this could be seen as a bullish signal for Opendoor's future stock price. Of course, as...
After a 3-month uptrend, we can see a classic distribution pattern that will probably reverse the trend for the coming weeks or even months.
BTCUSD is currently closing the bearish Crab pattern. Considering a safety margin, the first target is ~20,5k, then possible drop to ~14k. It will probably happen right after the New Year's Eve. Good luck!
BTC is currently closing the bearish Gartley pattern (W1) and bearish Shark pattern (D1). Considering a safety margin, the first target is 11600. As you can see, both Bollinger and RSI indicate an overbought zone.
EURUSD is currently closing the bullish Gartley pattern. Considering a safety margin, the first target is 1.777. As you can see, both Bollinger and RSI indicate an oversold zone.
Simple idea for the next few hours. Of course this is only one of many possibilities. Good luck!
AUDUSD is currently closing the bearish Cypher pattern. Considering a safety margin, the first target is 0.71050. As you can see, RSI also indicate an overbought zone.
NZDUSD is currently closing the bearish Cypher pattern. Considering a safety margin, the first target is 0.66160. As you can see, both Bollinger and RSI indicate an overbought zone.
AUDUSD is currently closing the bullish Cypher pattern. Considering a safety margin, the first target is 0.71680. As you can see, both Bollinger and RSI indicate an oversold zone.
The Australian dollar is currently closing the bearish Gartley pattern. Considering a safety margin, the first target is 0.71600. As you can see, both Bollinger and RSI indicate an overbought zone.
EURUSD is currently closing the bearish Bat pattern. Considering a safety margin, the first target is 1.7520. As you can see, both Bollinger and RSI indicate an overbought zone.
A simple idea for the next few hours. Good luck.
Everything is clearly visible on the chart.