Emerging Falling Wedge pattern in its final wave was identified on the S&P500 15 Minutes chart. After a strong bearish run, we find S&P500 heading towards the upper triangle line with a possible resistance at 5979.7742. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
BTCUSD is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
S&P500 is approaching a support line at 6715.0200. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.
BRN/USD is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within the next 6 hours.
GBPJPY is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 23 hours and may test it again within the next 5 hours.
XAUUSD just posted a 1.5% move over the past 6 hours – a move that won’t go unnoticed by any trading style.
An emerging Channel Up has been detected on NAS100 on the 30 Minutes chart. There is a possible move towards 25312.2104 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
This trade setup on BRN/USD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 66.0546.
