Skip to content An emerging Triangle pattern in its final wave has been identified on the S&P500 30 Minutes chart. After a strong bullish run, S&P500 is heading toward the upper triangle trendline, with possible resistance at 6719.5129. If the resistance holds, the Triangle pattern suggests a rebound toward current levels.
The movement of XAUUSD toward the support line of a Channel Up is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 8 hours, but it is uncertain whether it will result in a breakout through this line or simply […]
An emerging Triangle pattern in its final wave has been identified on the S&P500 1 hour chart. After a strong bullish run, S&P500 is heading toward the upper triangle trendline, with possible resistance at 6780.8449. If the resistance holds, the Triangle pattern suggests a rebound toward current levels.
USDJPY is trapped in a Rising Wedge formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]
