Skip to content Emerging Descending Triangle detected on S&P500 – 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 5994.16 and it is expected to move to 5916.7489.
A Rising Wedge pattern was identified on USDJPY at 144.9045, creating an expectation that it may move to the resistance line at 145.3541. It may break through that line and continue the bullish trend or it may reverse from that line.
The breakout of BTCUSD through the 106573.0313 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, BTCUSD could test 109867.4688 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
The movement of FTSE100 towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
XAUUSD is moving towards a line of 3319.4355 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If XAUUSD continues in its current trajectory, we […]
The movement of S&P500 towards 6025.8701 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 23 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
