patterntrader

patterntrader

XLU is a massive, highly liquid fund that only invests in utility companies that are included in the S&P 500. It is one among the cheapest and most liquid options. I am expecting a structural break down. Will only enter if the relative upward strength or the volume of the pair runs out. I have identified the same structure on RSI below. Have a look.

patterntrader

It seems to me that patterns are getting repeated in a favorable way. For me it is a good time to sell Ishares MSCI Pacific Ex Japan ETF. For further details, see the chart.

patterntrader

This pair, after a long upsurge, from 2015 until 2016, is showing the signs of exhaustion. The first phase of tumbling is almost over. In my telemetry, this pair will climb a little bit up for more or less two or three weeks, then will collapse down. In short, I am waiting for a consolidation before the pair tumbles.

patterntrader

Exactly happened on the previous pattern, trendline broken, retested and then slips down to 41.50. After, it consolidated. Now, it broke the structure again and retested the trendline and got rejected. For me, it is a potential sell to 38.29

patterntrader

Silver broke the structure. Most probably it will hit 127% of Fibonacci extension. However, I will wait for a retest to the broken trendline, or a flag or a pennant to enter this trade. Thank you.

patterntrader

Two wonderfully slope trendline pointing downwards. Three touches on the top and two on the downside. It took more than 3 weeks to develop this reversal pattern. About half of the formation act as consolidations of the prevailing trend. A breakout to upwards is eminent and of course, can buy after after the breakout.

patterntrader

A typical broadening bottom formation. A declining price trend, the latter developed into a brooding bottom pattern. This pattern looks more like a megaphone and respected trendlines formality. A breakout can: * When the price closes above the formation´s high. Let us monitor this pair and see how it responds.

patterntrader

CADCHF pattern looks more like the formation of a broadening bottom. Now that it touched the top of the trendline, it is possible to have a pullback. Pullback can be mild or can retrace around 61% of the impulsive wave. This kind of patterns are generally bullish. I am expecting a pullback to get in to the wagon.

patterntrader

Almost horizontal top trendline provides wonderful resistance for the pair so far. The triangular shape if works well, will break the consolidation and move upward and test the upper trend-line. Breaking down the lower trendline may change the structure.

patterntrader

This pair is in the formation of an abc pattern. You can see the shape of this pattern right from the chart. However, a break below the downward trendline may break this concept. Keep following for further update.

patterntrader

The rising wedge, is one of the most popular, but difficult consolidation correction pattern formation. Rising wedge formations are identified using two up-sloping trendline. In the case of AUDJPY it is in the developing as well. Multiple touches on both sides of the trendline is visible. Right now, we are following this pair and expecting a breakdown, which...

patterntrader

This looks very much like an ascending triangle pattern. However, it is not yet a classical one. Horizontal top is almost adjusted. The price already crossed the pattern several times. However, at this moment, we have to wait and see how the market respond to this structure. Follow my Update Keep calm and see how the market respond to this structure.

patterntrader

The overall aspect of this structure looks like a megaphone. We could say, there is a horizontal bottom formation. The formation already touched two minor highs and two minor lows. The volume of the formation, which is almost a "U" shape supports the idea. 1) A premature pullback can happen to the level of 0.618 for a very short-term buy 2) If it breaks the...

patterntrader

When it comes to trading, patterns play an important. While analyzing for patterns, I came across this one. In my view, if the pair breaks the channel, it will go down. For safety reasons, it is not recommended to trade this pair until it breaks down and make a flag, pennant, or retest to the breaking point. Please note that this is not a trading signal or a...