When looking at this fractal, we can see the stages are almost identical here. The shapes are maybe not great, but the movement is almost the same.
1) The big rally towards the red zone, making something that looks like a big triangle
2) Breaking upwards, but which becomes a bull trap and we see an ABC correction down (yellow)
3) Then making the parabolic move...
According to this indicator it is.
During both of the previous bull cycles when the price touched or almost touched the 0.382 Fibonacci retracement level, Bitcoin pulled back considerably and consolidated until the final (and more aggressive) parabolic bull run.
To be more specific:
In 2012 the price declined roughly -50% upon testing the 0.382 Fibonacci and...
Bitcoin continues to linger above 9K while the 9500 reversal zone boundary is still in play. As I constantly remind our followers, short term timing strategies like swing trading rely on probabilities. We measure these probabilities in the form of price patterns and levels. When price reaches a reversal zone, and does not take it out, there is a greater chance of...
Dear Soliders, we are back with D4rkEnergY. The Unstoppable Force in the Universe, that can make space it self expand - and accelerate. And thats why he is here To help YOU with making money. He is here to SPREAD LOVE and WISDOM to everyone.
When D4 looks at a chart, he sees a story. He sees the different players in the field, and how they have been acting....
This update follow my last post where I mention about a potential little retracement before next major leg up, if you notice up till now market has not make much move especially to the upside instead its trying to drop but the bullish momentum is holding all the drop attempt back.
My view still remain same as I expect potential drop towards...
Well the Central Banks put a damper on the expected move lower, but that has not changed the predictive analytics model, which is still bearish. In the video link below, you will see the last time this happened, which also coincided with the Fed. It was 09/25/18 and as the spx was making new all-time highs, Woody was telling members when to expect the LOW! It...
Ripple has a pretty clean and simple confirmation area for further growth, it stays between $0.465 - $0,481 and the upwards move gets confirmed after a Daily candle close inside the green area, a Daily candle close is needed!
After the needed confirmation:
-- Then we have a breakout above the historical trendline (light blue). The trendline is pulled from April...
EURUSD is forming very nice correction. We are expecting one more drop and buy again from bottom.
How you can trade on this chart.
Watch for the breakout during the FED rate decision and join the sell.
In case price dont breakdown and close above the previous high sharply then it will invalidate the sell setup.
GOLD did not turn down as we wished!!
And the rally just rob many buyers' accout heavily!
We are not one of those !!
The weekly chart is showing the next challeng position for gold is 1430. Actually 1390-1430.
Something is changing since yesterday!
On daily chart, gold just perfectly hit fibo 1.618 in this Asia morning and sharp down back to 1380...
Hi, today we are going to talk about MFT!
In this chart, we observe an excellent opportunity of buying in the long term (Time Frame:D). Details are highlighted above.
Thanks for reading, and have good trades
GBPCAD / m30 / Technical chart
Formation:Resistance Channel Breakout
Risk Management: Fixed Lot Size
Wish you many pips
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If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
SPX reversed off its resistance at 2952.1 where it could potentially drop further to its 2729.1.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Yesterday BTC broke the higher low every day pattern which had been intact over a week.
This has us looking for healthy daily consolidation, and a daily higher low.
If this head and shoulders breaks bearish, we will see a test of daily EMA12 support.
If this pattern does not confirm, we will have a daily bull flag looking towards $10k.
Patiently waiting for...