Get started

Classical_patterns

BTC Descending Triangle breakout to mid 20k, here is whyG'Day Cobbers Just a quick post to give some hopium, check the chart it says it all. remember this is on a huge timescale and is not t be trader against unless you are looking to buy and hold. This is just a forecast on where it could go based on classical charting rules. It will not go in a straight line but it should develop on the time frame much like the last flag pole. Good luck and Enjoy. G'day Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help. Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
BITFINEX:BTCUSDLong
by TroyByrne
6
EURUSD Forming bullish flag on Daily- good RR opportunity Hello traders, We have this week CPI ready to shake markets and hopefully taking EURUSD out of this period of acumulation/distribution we are in. Price action is forming a bullish flag and wichever the side the breakout happens it will be a big move given the time we have been loading in this zone. I can't tell you that this is the right side, but I tell you that this has a good RR opportunity and it's on the side of the current trend and least resistance. If you decide to go long, I reccomend 3 positions, 2 for the targets I mention, and the other one for riding the trend, after such a long period of accumulation, the move it's going to be big. Load your bags, and prepare to ride the pig! Like and subscribe!
Long
by Paintomaker
Market to Breakout Up or Down?According to Edwards & Magee (1948), 75% of symmetrical-triangle breakouts continue the prior trend, which in this case is bullish! (1) And according to Kirkpatrick & Dahlquist (2010), 54% of symmetrical triangles in general breakout upwards. (2) So the odds seem favorable for bullish movement. However, it needs to start about right away, yet after this lousy week I have a nagging sense that it might breakout downhill. (1) stockcharts.com (2) finvids.com
DJ:DJIShort
by iGoddard