I'm currently looking at a new fresh consolidation pattern forming inside an ascending triangle. I will be trading both the supports and the resistance until we get a clear brekout to either side
Ascending Triangle noticed Overall Trend is still bearish Lower trendline broken for further downside momentum
Ascending channel which indicates a bearish flag as well observed. Trendline broken to the downside
Minor descending channel Major descending channel Ranging/consolidating market Channel within channel and a market ranging waiting to break to the upsede or downside. For my two pence I will stick to a bullish DXY
UsdCad is currently posing a bullish outlook ith Dxy following same outlook. One can expect a bullish break once trendline and resistance is broken
Bullish Pinbar candlestick, Daily timeframe Bullish Spinning top candlestick
Currently consolidating but overall bias looking to break outside the parallel channel to the topside
Well done to US elections, finally we saw the drop we've been seeking
Currently looking into the bearish bias til 2685 or 2600 when the trendline is broken
Technically this pair is currently looking bearish, I have plotted two scenarios there, we have a bearish flag(ascending channel) within a major ascending channel(bear flag). basically we have a bear flag within a bear flag. so im looking to short at the upper trendline or on the defines resistance level
On H4 gold is trading on an ascending channel pattern indicating a bearish flag pattern as well. On H1 trading on descending channel pattern which needs needs to be completed upto 2600 before a bullish continuation
Two possible scenarios given for a bearish continuation momentum
This pair has been seen breaking new highs since Thursday, not looking to short this metal pir as the bull run has overtaken the markets by surprise
Currently trading in a box pattern, a breakout of ATH for new highs which will trigger a bullish continuation momentum or a rejection of the previous ATH thus resulting in a double top for a bearish reversal
As previously analyzed, on H4 gold is trading on an ascending channel pattern indicating a bearish flag pattern as well. On H1 trading on descending channel pattern which needs needs to be completed upto 2600 before a bullish continuation
A break below 2566 will trigger a bearish short term reversal for this commodity
Currently ranging within a wedge pattern and creating HH's, failing to break lows below the trendline, One can expect a break of 2525 as it was testted again today
Here goes my two cent analysis on nasdaq. This triggered a major cup and handle pattern which suggesta a new high of 21350 from the breakpoint