Pattern
XAUUSD ready to bullsihThe Gold now forming a triangle pattern. Which is abcde wave as sub wave from wave 4. Stop loss on last low level. Target on Fibo 0.618 trend based.
Easy-to-Spot Bullish Forex PatternsHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
For the biggest part, I prefer to trade reactive rather than predictive. Chart patterns really come in handy with this strategy. Here are my top easy to spot chart patterns, specifically focused on bullish chart patterns today. The green highlight dots are to help identify the margins of the pattern and the purple highlighted dot is where a long entry can be taken.
While you're here 👀 See this related idea on EURUSD from the monthly timeframe:
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GBPCAD Short Term Bearish Possibilities
Hello everyone:
Similar like GBPUSD, we can see GBPCAD here is looking like there is one more short term move to the downside.
After the initial move up to the previous highs, price failed to continue higher, and formed a double tops, rising wedge reversal.
At the of the week, some bearish price action has begun on the lower time frame.
Be interesting to see if price can form bearish continuation price action, that can confirm one more short term move down within the larger, higher time frame correction.
thank you
GBPUSD Could Reverse, Watch For Bearish Price ActionHello traders:
GBPUSD is currently at the top of its higher time frame correction.
What's interesting is price is showing signs of bearish price action at the top, with bearish reversal development.
This week be on the look out for, bearish impulse phase on the lower time frame to kick off the reversal momentum, a
and wait for continuation correction to confirm the sell before entry.
Thank you
Quick Weekly Market Outlook & Analysis Apr 03 2023
Hello, sorry I wont be making the live stream this week, but I will quickly go over what I see for the week ahead.
At the end I also address some of the questions, inquiries I receive during these few weeks.
Thank you
XAUUSD SESSION HERE WE GO!!!We can see a bullish triangle pattern on gold, the price can go above $2000 if it breaks the resistance level that I marked on the chart, we will wait for the next week.
And what is your opinion? Will gold break through 2000 or will it still fall?
FDN - falling wedge patternWhat we can see on the chart is a falling wedge pattern.
The price is still moving inside the pattern, once it breaks above the trendline it can be a good momentum to enter long.
Do not forget to put the stop loss under the wedge .
Possible target area is shown on the chart.
ADT - rising wedge patternWhat we can see on the chart is a rising wedge pattern. The price did not break out of the pattern yet.
We are expecting that the price will break down and continue the previous downtrend.
The stochastic shows us that the price is overbought but it is not pointing downwards yet.
How to trade:
Enter the short position only if/when the price breaks down out of the wedge with the volume increase which would be the confirmation.
Do not forget about the stop loss to protect your capital.
XAUUSD Analysis HERE WE GO!!!for XAUUSD
If it stays above the 1983 channel top and the resistance level, it will go up to the 1993 level.
If it continues to remain under 1983
Down to 1973 and 1965 levels
🔥 Arbitrum Falling Wedge Bullish Break OutRecently I made an analysis on ARB and the fact that it seemed to start a new bullish trend after it bounced off a Fibonacci support. Whilst it came close to the target, Bitcoin's bearish price action drove ARB's price further down.
However, it appears that ARB is currently on the verge of breaking out of a falling wedge, which is classically a bullish reversal pattern.
Be patient for the break out to occur. Targets in blue.
What a Clean Patternwe have a nice and clean AB=CD pattern in this
pairs
Am i right or not?!
what do you think
🔥 FTM Massive Inverse Head & Shoulders: Big Move ComingEver since FTM topped early February, we've largely been trading bearish. However, with FTM finding support around the $0.40, it seems that this token is printing an inverse head & shoulders pattern, which is classically a bullish reversal pattern.
High-risk traders might want to enter the trade already and look for further upside. I will wait for the confirmation & break out of the H&S pattern. Wait for a break of the neck-line.
Near-term targets in blue.
Analysis of Apple Inc. (AAPL) StockThis technical analysis will examine Apple Inc. (AAPL) stock, focusing on the inverted head and shoulders pattern identified several days ago. I'll discuss the stock's recent performance, the breakout from resistance around $156, and potential future scenarios based on current market conditions.
Inverted Head and Shoulders Pattern
The inverted head and shoulders pattern in this context is a bullish continuation pattern that signals a potential move to continue an uptrend. In my previous analysis, I highlighted the possibility that AAPL would break through the resistance level around $156, which has since occurred. Following the breakout, the stock experienced a pullback to the breakout zone, as predicted.
Potential Scenarios
Bounce to $166: If AAPL maintains its position above $156 and daily candles do not close below this level, there is potential for the stock to bounce up to the $166 area. This scenario would indicate a successful breakout, retest and a continuation of the bullish trend.
Failed Breakout: If AAPL fails to hold above $156 and daily candles close below this level, it would signal a failed breakout. In this case, the stock could quickly move back to $145 and potentially lower.
Market Dependency
The future performance of AAPL will largely depend on the overall market and its influence on the S&P 500 Index (SPX), as AAPL is a significant component of the index. The stock's ability to push higher or experience a bearish rejection will be influenced by broader market trends.
The recent breakout of AAPL above the $156 resistance level and subsequent pullback to the breakout zone align with my previous analysis. The stock's future performance will be influenced by its ability to maintain its position above $156 and broader market conditions. Traders should closely monitor market developments and be prepared to adjust their strategies based on new information, keeping in mind the potential scenarios outlined above.
🔥 XRP Triangle Break Out: Will It Go Up?After an initial massive bull move, XRP's price action has dies down a little, until it shot up again this morning.
That break out is exactly what the bulls want to see; bullish continuation after a time of consolidation.
However, BTC's chart does not look great at all at the moment. So, I'm going to wait until XRP can break out of the yellow box on the topside before considering a bullish entry. Patience is key.
NZDCHF Same Bearish Outlook, Short Term Sell Setup
Similar like NZDUSD, we can also expect a bearish development on NZDCHF.
As usual, after an impulse phase, price formed a continuation correction to correct the impulse.
From the correction, there is a confirm impulse push down the price. This is good confirmation of bearish trend.
Now price has form another smaller correction,
watch for price to break out and look for lower time frame entries to sell to previous lows.
NZDUSD Bearish Development, Watch For Sell
Hello traders:
Here on NZDUSD, we can see price is currently consolidating in a possible bearish correction structure.
After the initial bearish impulse move, the price fails to break the previous swing highs, and begin to form the current correction.
This is usually a good sign that the bearish momentum is still strong and more continuation is very possible.
Wait for lower time frame development to confirm the bearish trend to the next swing lows.
🔥 Bitcoin Triangle Consolidation: Wait For Break OutBTC has been trading inside a triangle pattern over the last couple of days, making it fairly unclear where the price will go in the short-term.
In these cases, it's generally better to wait for the market to tell you where it wants to go. I'm going to wait for BTC to break out of the triangle.
Bottom two blue targets are the bearish targets, top two blue targets are the bullish targets. Be patient for the market to give you the clarity you seek.
📉Bearish Reversal Patterns & Showcase📉What are Reversal Patterns?
In trading, candlestick patterns are used to analyze the behavior of the market and identify potential opportunities to enter or exit a trade. Reversal patterns and continuation patterns are two types of candlestick patterns that traders look for.
Reversal patterns are characterized by a change in the direction of the trend. These patterns indicate that the market is likely to reverse its direction and move in the opposite direction. In contrast, continuation patterns signal that the trend is likely to continue in the same direction after a temporary pause or consolidation.
Reversal patterns usually take longer to form than continuation patterns because it's easier for the market to continue moving in the same direction than to change course. For example, if sellers are pushing the market lower, it takes more effort for buyers to turn the market around and initiate an uptrend.
A reversal pattern may occur after a period of strong selling or buying pressure, as traders become exhausted or the market reaches a key support or resistance level. Once this happens, traders who missed the initial move may see an opportunity to enter a new trade in the opposite direction of the previous trend.
However, for a reversal pattern to be considered valid, there must have been a previous trend in place. A sideways market cannot be classified as a reversal because it doesn't reflect a change in trend direction. Traders typically look for confirmation of a reversal pattern, such as a breakout from a trendline or a significant price movement in the opposite direction of the previous trend.
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A Forced Push: Next move still bearishHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Previously I was expecting an instant drop but it was invalidated immediately after a forced push. These type of moves occurs when the market wants to change its structure.
The Next move is still bearish as it is going to break the trendline which is at the bottom but later we will see a bullish move. The market is not going anywhere it will remain in the range.
Don't forget to hit the like button and follow to stay connected.
Bitcoin Double Top bearish patternI believe we are seeing a possible double top bearish pattern forming here. From head to bottom would give us a price of $25,303 shown on red dotted line plus intersecting with the two hour 200 moving average (white dotted line). Also, we have some serious pressure on the fib channel where Bitcoin is not trespassing.
