Day: May 16, 2019
20 posts
USD/JPY Target Level: 109.9660
Rising Wedge identified at 16-May-2019 22:00 UTC. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 109.9660 within the next 11 hours. Supported by Upward sloping Moving Average Chart 15 MinutesPattern Rising WedgeLength 125 CandlesIdentified 16-May-2019 22:00 UTC
Important support line being approached by SPX500. This price has been tested numerous time in the last 3 days
SPX500 is moving towards the support line of a Rising Wedge which it has tested numerous times in…
E-mini S&P 500 JUNE 2019 is approaching a support line of a Rising Wedge. It has touched this line numerous times in the last 3 days.
E-mini S&P 500 JUNE 2019 is approaching the support line of a Rising Wedge. It has touched this…
General Electric Co. is approaching a support line of a Triangle. It has touched this line numerous times in the last 22 days.
General Electric Co. is approaching the support line of a Triangle. It has touched this line numerous times…
After testing the support line numerous times, FRA40 is once again approaching this line. Can we expect a bearish trend to follow?
The movement of FRA40 towards the support line of a Rising Wedge is yet another test of the…
Important support line being approached by Light Sweet Crude Oil JUNE 2019. This price has been tested numerous time in the last 2 days
Light Sweet Crude Oil JUNE 2019 is moving towards the support line of a Channel Up which it…
Breach of resistance could mean a start of a bullish trend on Merck & Co. Inc.
Merck & Co. Inc. has broken through a resistance line of a Triangle chart pattern. If this breakout…
XRPBTC hits 0 after a 25.8% move spanning 4 days
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…
Effective Trendline Navigation
As with virtually any trading scenario, we must first determine the direction that we need to trade the pair for the greatest likelihood of success. By looking at the historical 4 hour chart of the GBPUSD below, there are several reasons we know that we want to go long (buy) the pair. Price action is…
Important support line being approached by Silver JULY 2019. This price has been tested numerous time in the last 14 days
Silver JULY 2019 is moving towards the support line of a Triangle which it has tested numerous times…