Crypto has been under pressure, with two key chart developments being fodder for the bears. “Out of control” Bitcoin price action and a negative moving-average indicator point to additional downside.
The overarching pattern in stocks that I have been following for years is called a megaphone pattern. It is simply a series of higher highs and lower lows. The S&P 500 traced out a large megaphone ...
The market is shouting something. Can you hear it? The move to a record high is a bullish breakout of a pattern that's kept it contained for the last 16 years. And that breakout is the Dow trying to ...
ES confirmed a price channel to the overnight low, and has now broken out of the channel to form either a bottoming pattern or a continuation pattern. We could see an inverse H&S bottom with a ...
Solana (SOL) price tested its key resistance at $180 earlier this week, but the altcoin failed to establish a position above the level. Over the past few days, SOL has consolidated above the $170 mark ...
Bitcoin , the leading cryptocurrency, has been exhibiting a unique chart pattern known as the Megaphone Pattern. This pattern is characterized by widening price fluctuations, creating a shape ...
The ES Falling Megaphone (Red) into the January 20 Low would Usually Complete with an Inverse H&S that Breaks Out Upwards ES formed a falling megaphone (red) into the January 20 low. Falling ...
The West Texas Intermediate Crude Oil market initially tried to break above the $65 level during the trading session on Tuesday but gave back the gains to show signs of exhaustion again. We are ...
Michael Logan is an experienced writer, producer, and editorial leader. As a journalist, he has extensively covered business and tech news in the U.S. and Asia. He has produced multimedia content that ...
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