An emerging Rising Wedge pattern has been detected for S&P500 on the 1 hour chart. There may be a move toward 6908.0376 in the next few candles. Once it reaches the resistance, it may continue its bullish run or revert to current price levels.
An emerging Rising Wedge pattern has been detected for S&P500 on the 1 hour chart. There may be a move toward 6908.0376 in the next few candles. Once it reaches the resistance, it may continue its bullish run or revert to current price levels.
Emerging Channel Down pattern in its final wave was identified on the NAS100 4 hour chart. After a strong bullish run, we find NAS100 heading towards the upper triangle line with a possible resistance at 25375.2094. If the resistance shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
BRN/USD is heading towards the support line of a Falling Wedge and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
This trade setup on ETHUSD 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 3193.0223.
S&P500 is trapped in a Falling 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 […]
The movement of NAS100 towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
USDJPY has broken through a support line of a Triangle chart pattern. If this breakout holds true, we may see the price of USDJPY testing 152.1806 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]
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 92.8278 but consider reducing the size of your position as the price gets […]