An emerging Channel Up pattern in its final wave has been identified on the NAS100 30 Minutes chart. After a strong bearish run, NAS100 is heading toward the upper triangle trendline, with possible resistance at 25882.5954. If the support holds, the Channel Up pattern suggests a rebound toward current levels.
FTSE100 is moving toward a level at 10091.4600, which it has tested many times before. We have seen it retrace from this level before, so at this stage it isn’t clear whether it will break through this price or rebound again. If FTSE100 continues on its current trajectory, we may see it move toward 10091.4600 […]
EURUSD is moving toward a resistance line it has tested many times. It has retraced from this line before, so it’s unclear whether it will break through or rebound again. If EURUSD continues on its current trajectory, it could reach 1.1922 within the next 9 hours.
BTCUSD is approaching a resistance line at 89817.9375. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may return to current levels.
An emerging Inverse Head and Shoulders has been detected on NAS100. The pattern has not yet broken through support, but the price is expected to move up over the next few hours. At the time the pattern was found, the price was 25632.8793, and it is expected to move to 25684.9496.
S&P500 is trapped in a Channel Up formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]
ETHUSD is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 5 days and may test it again within the next 2 days.
An emerging Channel Up has been detected on XAUUSD. The pattern has not yet broken through resistance, but the price is expected to move up over the next few hours. At the time the pattern was found, the price was 5052.465, and it is expected to move to 5033.3575.
