Thrusting Chart Pattern The Thrusting Pattern is a type of continuation candlestick pattern that appears in technical analysis of financial markets. It signals that the current trend (usually bearish) is likely to continue. Here’s a breakdown of...
The EUR/JPY H1 chart indicates a well-defined downtrend followed by a consolidation phase, which could signal either a continuation of the trend or a reversal. Initially, the price action exhibited strong bearish momentum, forming a series of lower...
Let’s consider the chart of the D1 period - the EURJPY currency pair. As is clearly seen here, the price is pressed down along the general downward trend. Here, the wave structure is still descending. After the last wave of decline updated the...
Technical Analysis: EUR/USD wobbles around 1.0500 EUR/USD retraces below 1.0500 on Wednesday as the US Dollar gains amid a strong recovery in US bond yields. Republicans-controlled House of Representatives passed a $4.5 trillion tax cut plan on...
The GOLD H1 chart shows a strong bullish trend that has been in place for an extended period, followed by a period of consolidation and possible reversal signs. The price has moved upwards significantly, forming higher highs and higher lows,...
