Some things I've noticed on the 1HR chart: - Is that a bullish ascending triangle forming there? Will price action pierce through the resistance line on the top of that triangle? If it does, we may see another rise in price. - Still trading above the Kumo cloud which is a bullish sign - A breakout can be spotted on that bull pennant I drew out. Price broke...
What I see on the 1HR chart: - Could that be another bull flag forming there? - Notice that wave (D) is currently fighting the diagonal resistance line I've drawn out. Will it break upward and run or will it retrace back to the diagonal support line? Only time will tell. - Blue convergence line is still above red baseline which is a fairly bullish sign. -...
What I see on the 1HR chart: - Could that be another bull flag forming there? - Notice that wave (D) is currently fighting the diagonal resistance line I've drawn out. Will it break upward and run or will it retrace back to the diagonal support line? Only time will tell. - Blue convergence line is still above red baseline which is a fairly bullish sign. -...
Some things I've noticed on the 4HR chart: - Look at that bullish cross between the blue convergence line and the red baseline! It's been over a month since we've had a bullish cross happen. - Could that be an inverse head & shoulders pattern forming? Notice the small bounce off of that horizontal support line (thin blue line) I've drawn out. If price continues...
Some things I've noticed on the 4Hr chart: - Notice the breakout through the downward diagonal resistance line. It retraced and bounced off of it confirming the switch from resistance to support line. - Could that be a bull flag forming there? It seems that price is starting to consolidate towards the end of that flag. If price breaks upward through the...
Some things I've noticed on the 1H chart: - Spotted a bullish ascending triangle with a clear break through the resistance line (Bull flag). If price retraces and tests previous resistance line, then continues upward, that could signal the bullish reversal we've all been waiting for. It may also just continue it's trajectory upward without retesting the previous...
Some notes on what I see on a 1D chart for KMD: - There was a clear bounce off of the diagonal resistance line which validates the trendline. - A bearish-cross was made around the 11th of February and we are still trading below the baseline (bearish af for the meanwhile) - Notice how the convergence line (blue line) and the baseline (red line) have deviated...
Fairly new to this and just messing around with some new tools I've recently learned. I spotted the trend which can be seen by the black lines that touch high and low points. The wedge looks great in the short run but I suspect to see a minor retracement before continuing its move upward. A strong bounce can be seen off of the trendline. The fact that there was a...