An unexpected large move has occurred on XAGUSD Daily chart beginning at 34.734 and ending at 31.187. Is this a
S&P500 is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
Emerging Channel Up detected on BRN/USD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 75.008 and it is expected to move to 77.3818.
Channel Down pattern identified on LTCUSD has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the price expected to reach 71.5667 in the next 2.
FTSE100 hits 8300.58 after a 1.77% move spanning 19 hours.
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 154.6739 but consider reducing the size of your position as the price gets […]
Emerging Falling Wedge detected on XAGUSD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 32.34 and it is expected to move to 31.7466.
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