LTC! Wait For Breakout!Nicely profit %35. LTCUSD.
“For Educational Purposes Only”
Please check out my other analysis!
Formation
LTCUSDreverse head and shoulders pattern. not yet validated. but we may count head has already been formed. so we may take a position around 150 usd and specify stop loss as around 115usd.
Candle pattern!Gun to my head, this is the pattern I think we see at the close today!
en.wikipedia.org(candlestick_pattern) $SPY
CBRL Broadening Top and Upcoming Dividend! (Price target: ~$176)The Broadening Top pattern forms when the price progressively makes higher highs (1, 3) and lower lows (2, 4) following two widening trend lines. The price is expected to move up or down past the pattern depending on which line is broken first. A bit of a toss up since the broadening top formation appears much more frequently at tops than at bottoms, and therefore usually has bearish implications. In this case, however, we see a strong up-trend with an Average Directional Index just shy of the 25 mark. Set limit order above market price to be sure we are looking at a bull broadening top, or for added risk buy the retracement when RSI corrects below 70. For best results take 50% position at each. Consider stop-loss below breakout price.
Added confidence from the fact that Cracker Barrel is recording a $1.20/share dividend on Jan 11th, issued on Feb 5th. Dividend hunters could help drive this trend up. CBRL reports earnings 02/20 BMO and Estimize revenue expectations are 0.77% higher than Wall Street's.
Follow me on Twitter: twitter.com
Good sign for VergeGood evening,
i see an "sks" (in german) known as shoulder - head - shoulder formation with upward signs.
If the price dodn´t hit the green line, i see the next uptrend comming.
If the price falls down the green line, there will be a bigger correction.
Greetings
If you want to support me
BTC address
138EsXDZVasDSCq3K9xBRYzmhtbPd7dYQS
QTUMUSD Bullish flag formation ahead of more strengthQTUMUSD TradingView Calculation
QTUM is hammering a large bullish flag formation. A break of
the upper dynamic followed by a break and hold above 49
should trigger further strength back to the highs at 73-75.
Look to buy the breakout on next dip back to 48.
2 strikes on the lower line of the flag means this is still 'hot' but it must now break 49 to stay that way.
BCHUSD Flag Formation: Next long set-up on breakBCHUSD Update
What a difference a week makes. Within hours of the last comment BCH had fallen away to a low at 1631, 7 points
lower than the perfect entry point at 1638, before ripping 300% higher in 6 days flat. Facebook eat your heart out.
Now it's in the process of making a flag formation which will stay good so long as the rising dynamic from the beginning of
the move holds up price on all tests. A break above the upper parallel that's containing this downwave will be worth
following for another retest of the highs...
And on the flip side of this particular coin, if that dynamic from the 'lows' at 1766 gets broken at any point now it will
then fall away further down the same parallel to 2420 where it should bounce once more.Although it looks more likely to
break up rather than down from here, we don't really have to second guess this right now. The chart will tell us and we
can follow.
Cup and handle formation on Tesla Tesla has recently been in the news with there new trucks. Traders are taking there profits and are closing positions. Right now there is a reverse cup and handle formation evolving. When looking at the MACD and the Stochastic there is a light confirmation.
Keep an eye out on this one, to go for a long position.
Bitcoin BTCUSD Watch out for potential Head and Shoulders hereBitcoin BTCUSD Update
If you got long again at the ridiculous hour of 11.30 pm est you're hard working and deserve your 400 points reward.
Weirdly the crypto chat room was quite quiet with a guy from
London waiting for the BCH burst to top out so he could bail out and fade the consolidation. London's finally catching on.
2018 will be so fascinating and fast moving. It's good for competition, good for spreads and good for us therefore, in
time. Now, finally people are taking BTC very seriously. So many Bitcoin jobs to be created now. How long for though? No
one can answer that one for us but if anyone will know in advance it will be GS. And the chart. Until that day comes we
ride this like nothing has ever been ridden before...in the entire history of speculation. Ever. We are alive for it. Wow
Right now Bitcoin is trying to track huigher but is, weirdly, being contrained on the upside by an old parallel from way
back in the mists of time (hell, it's 14 days old - that's 2 years in FB time!) - and yet it's clearly back in play once more,
stopping the rallies. Another nice day in prospect for day traders but not much for others right now. It's trying to hold a
newly forming little parallel off yesterday's lows and needs to keep holding up there or we have a danger of a head and
shoulders forming here off the top, with a neckline at 15809 and a minimum downside target at 14210 if it gets broken.
Time will tell but right now this is not a very strong pattern, except for day traders. Unless you look to short if head and
shoulders gets completed later on, as above.
GBPUSD: Flag formation signals more GBP strength in offingGBPUSD Another Dog that hasn't Barked
Today's price action shows big spikes either side of current price, denoting uncertainty on both sides of this fight.
But GBP has stood strong as the Dollar surges...what is it likely to do when the Dollar stops? Sterling has spent all
year defying the bears. By the look of the flag now forming that situation looks unlikely to change. Two strikes
(another retest is fine if it happens soon) means that so long as the lower parallel continues to hold up today in the
face of DXY strength GBP is a still a buy at these lower levels with stops below the parallel for small loss if wrong
here. And if so, and the lower parallel of the flag does give way GBP will likely fall away to 1.3237-1.3223 and then
bounce from there. As things stand though, GBP is showing underlying strength despite current weakness - and that
will remain the case so long as the flag formation remains good.
Ultimately GBP should hit 1.38 and above - about 500 pips upside and 30 or so down
CADJPY 2x2 candle patternCADJPY has formed a 2x2 candle pattern at a resistance level. The level is
not that strong. I would suggest to take partial profits at a 1/1 risk/reward.
Place a sell stop order @88.045
EURJPY 2x2 candle formationEURJPY formed a 2x2 candle formation against a major resistance level.
Put a sell stop @133.544. If the order gets filled, aim for a 1.5 risk/reward.
GOLD bearish short-term idea (H1/H4)Hello All!
Gold tried to breakthrough line 2-4 of the major pattern (dark purple) and formed another minor bearish WW formation (yellow):
If yellow wave is successful, it'll finalize the creation of major purple project.
Opened 6 short positions with SL slightly above the recent peak (yellow point 5) with TP at 1267/1256.
BTC/USD Finally a potential breakout!!!After a final inspection after the market played out overnight it does appear to finally be in position for a a bull run. The 10/18 impulse wave ended on the 4th wave and started a diagonal triangle formation. The 4th wave overlapped into the 1st wave thus ending the initial 10/18 impulse wave and a beginning of the of the diagonal triangle formation. The support from the 1st wave to (D) 4th wave of the diagonal triangle formation has held. Still in the point of control area of the volume profile with RSI still oversold. We will soon hopefully have a breakout from the wedge to finally have a last bull run to complete the (E) 5th wave of the diagonal triangle formation.
Ethereum Forming A TriangleEthereum recovering after three wave decline as we already mentioned in earlier updates and we are still tracking big triangle. We see a broken channel resistance, which is a signal for higher prices. But typicaly for triangles, we see limited upside and expect only three waves A-B-C up into wave D.
ew-forecast.com <- Visit for more Cryptocurrencies FREE Analysis!!
KSHB off bottomRecent news has led to an increase in volume off a higher low. Has potential to break 1.94, then 2. Enter below 1.94, risk under newly formed "base," approx 1.80. Target 2.15+. Volume isn't crazy high relatively, but with a breakout it could begin a parabolic move. I could be too early, but I'm willing to take the small risk.
Weed stocks could get a boost very soon with new voting in November and rollouts from last year's voting results initiating in November and launching January 1, 2018. Start watching closely for volume increases.
USD Index/DXY short idea (H1)Hello, All!
USD Index TVC:DXY is currently forming the slightly incorrect bearish Wolfe wave.
I would like to underline that this pattern is not a classic one as I'm ignoring extremely long lower shadow of the candle at point 4.
After August NFP/employment/wages data missed forecasts, the USD crashed badly in just 1 min, but returned back to the pattern's structure almost instantly. In this particular case as an exception, I consider this move to be more the market's emotional reaction rather than the real formation of point 4.
Other than that, this pattern looks solid and if the price makes a peak around point 5, this can become an interesting sell opportunity.
GL and profitable week!
Cup and Handle Formation? Looks like a bullish pattern is beginning to form! Just need that handle! :D
Watch for breakout in DXY Long or target 95watch for DXY breakout , if it finish flag formation then ready to retrace to 96.
BTCUSD Cup and handleAfter inverted head&shoulders formation we can see forming now cup&handle formation. It tells about upward movement in few hours.
Trade setup (PA: Broadening Formation)Let us see what will give us this setup, do not trade until it confirms
I am waiting to go short
