An emerging Rising Wedge has been detected on S&P500 on the 4 hour chart. There is a possible move towards 6362.3035 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
An emerging Rising Wedge has been detected on S&P500 on the 4 hour chart. There is a possible move towards 6362.3035 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
Emerging Falling Wedge pattern in its final wave was identified on the FTSE100 1 hour chart. After a strong bearish run, we find FTSE100 heading towards the upper triangle line with a possible resistance at 9095.3982. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
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 1.1816 but consider reducing the size of your position as the price gets […]
XAUUSD is heading towards the support line of a Channel Up and could reach this point within the next 12 hours. 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 […]
LTCUSD is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 2 days.
Emerging Ascending Triangle pattern in its final wave was identified on the ETHUSD 1 hour chart. After a strong bullish run, we find ETHUSD heading towards the upper triangle line with a possible resistance at 4486.7221. If the resistance shows to hold, the Ascending Triangle pattern suggests a rebound back towards current levels.
EURUSD has broken through a resistance line of a Ascending Triangle and suggests a possible movement to 1.1702 within the next 18 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement […]
FTSE100 is trapped in a Channel Up 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 […]