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GBPJPY is heading toward the resistance line of a Channel Up pattern and could reach it within the next 10 hours. It has tested this line numerous times before, and this time may be no different, ending in a rebound instead of a breakout. If a breakout doesn’t occur, we could see a retracement back […]
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.
