BTC seem doing a megaphone pattern in daily time frame, let see how this going on
GLD is an ETF tracking gold futures prices across a blend of durations. USO is a similar ETF for crude oil. I was interested to see what the ratios look like and considering the trading advise of buy low should I be trading and bartering gold to get oil or viceversa. It is applicable for be because I am in part a commodities trader and has some activities...
Looking for tesla to continue an uptrend for the next days. I Have a megaphone that is in play. targets marked. #tesla NASDAQ:TSLA
#Bitcoin (W) Bullish Megaphone Pattern on $BTC. Is CRYPTOCAP:BTC on the way to new ATH's? - Stoch RSI also crosses bullish again and enters the blue area. - EMA21 corsses MA50 earlier this year which has been moving in a strong manner. - Three major bullish candles already formed since only Jan of this year. - Even though it might not be as accurate it is...
SDOW is shown here on a 30 minute chart current rising above a parallel descending channel which is within a longer trend of a downward-facing megaphone pattern where it is currently situated near the top of the megaphone. I have drawn the two trendlines onto the chart and added an RSI indicator. My plan is to take a short trade on SDOW by looking for an...
#dxy #technicalanalysis #Megaphone pattern is a pattern that consists of minimum of higher highs and two lower lows. The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. Megaphone pattern is known to give multiple trading opportunities to the trader. This pattern also can be traded...
On the 4H chart PATH was on a trend down in April. The strength momentum ( green band) was in a narrow range. In May as can be seen on the indicators, both volume and more especially volatility have increased significantly. The chart pattern is now that of an upward facing megaphone reflecting the volatility. The strength momentum band is much wider....
BOIL on the 15-minute chart is currently in an upward facing megaphone pattern. I have drawn in the upper and lower trendlines which are a form of static support and resistance. The megaphone pattern is one of increasing volatility between buyers and sellers and indecision It is the opposite of consolidation in a narrow channel. The anchored VWAP shows...
Traders, get ready for a thrilling prospect as we uncover a compelling bearish setup on GBPJPY, observed on the 1-hour timeframe. It's time to harness the power of a megaphone pattern and capitalize on an accumulation of sell orders, presenting an ideal opportunity to go short when the neckline (lower structure) of the pattern is breached. Our trading journey...
GER30 has formed a megaphone broadening on its hourly chart. The price is trading the mid range 15842.85. EL: 16007.70 INITIAL ST: 15924.40 Targets: 62%: 16212.84 79%: 16270.76 127%: 16431.63 162%: 16549.61
Hi dear community members and my loyal followers. I hope you are fine. I would like to bring your attention to this macro analysis with innumerable and beautiful bullish chart patterns. As you remember 6-8 months ago when BTC bottomed at 17.5K/a real bottom/ in June 2022 and 15.5K/spring/ in November 2022 with double bottom I publish a lot analyses and told you...
ETH has formed a megaphone pattern on its daily chart. The price is trading the 5th waves with targets: 62%: 2114.32 79%: 2191.52 127%: 2416.28 162%: 2577.47
Posting an update on the SPY here as the markets closed out the week in somewhat of a make-or-break spot. The SPY continued to follow the bearish megaphone that it's been holding for months with its 50-day SMA slipping below its 200-day SMA (Death Cross). However, the SPY is holding a notable rising wedge on the weekly timeframe accompanied by declining bullish...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Here is a detailed update top-down analysis for EURUSD . Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Hi dear community my loyal followers, I hope you are fine. Let me update BTC current situation and my expectation. This week BTC pumped from 19.5K and broke not only 24K but also 25.2K and reached 27.8K. If you remember I warned you about BTC recent dump from 25K to 19K+-. At the moment, you can see on the chart that BTC has created Bullish megaphone chart...
Over the last couple of days I've seen several analyses on BTC and the fact that it was trading in a megaphone pattern. Many called for BTC to fall back to $20,000, but that was never really an option. With the classic banking system under stress, it has fundamentally never been a better time to own Bitcoin and have complete ownership of your funds. With BTC...
On the 15 minute chart with trendlines drawn, a bullish megaphone pattern is seen. This is a suitable basis to take a long trade with price is near to the ascending support trendline with a stop loss just outside ( below) that line The trade is supported by the current downtrend of the USD (^DXY) as seen in the link below. The megaphone is demostrative of...
- After this mornings hourly bear flag with no follow through from bears bulls try to play defense and we had a megaphone pattern play out in the morning. - QQQ was holding SPY up for the entire day, then the last 30mins bear sectors in SPY joined Bull sector QQQ. - need to confirm a hourly uptrend to set the daily higher low for bulls. - would like to see...