VUL has broken out of descending wedge and has also broken out of a channel going back to mid 2023 with bullish RSI divergence. It is now retesting strong support of the channel trend and previous swing high if it can make a higher low here we will be off to the races 🚀 Good luck 🍀
The GBP/CAD pair on the M30 timeframe presents a potentially interesting situation with a bullish channel breakout pattern. Potential Long Trade : Entry: Above the broken resistance line of the channel, ideally around 1.7175 after confirmation. Target Levels: 1.7244: This represents the height of the channel, measured from the apex (highest point) to the base...
The S&P500 opened and closed below the lower support line of an uptrend channel. This in itself is excuse to sell or go short, but generally you want to see 2-3 days of price below or above a channel before considering it a trend shift. Most likely first level of price support to watch for if price does head lower is $500. Nice round number and a psychological...
Gold price has picked up fresh bids and hit a new all-time high above the $2,350 barrier in Asian trading on Monday. Reducing bets for a June Fed rate cut and easing geopolitical tensions fail to deter Gold buyers amid expectations of a surge in central banks' Gold purchases. From a technical perspective, weakness below the $2,265 area could expose the weekly...
Trend -- The price has surpassed the healthy channel from the end of 2022. -- It is possible that the momentum move is nearing its end and entering an overbought zone. 100% Symmetrical Projection: Uptrend "N" Patterns There are two "N" Patterns: a Large Purple N and a Small Orange N. N Pattern's Target Price & Fibonacci Price Cluster -- The target...
The XAU/USD (spot gold) pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bullish channel pattern. However, a cautious approach is advised due to gold's safe-haven status. Why Caution is Advised: Gold's Safe-Haven Status: Geopolitical tensions, economic uncertainty, or risk-off sentiment can...
The GBP/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further gains in the coming hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance...
The USD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken...
In the 4-hour timeframe, it seems like the long-term corrective move that started last month on the same day is over, suggesting that we could expect more bullish moves in this pair. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Here on the 30-minute chart is my idea for the continuation of my VINC idea posted here before the current breakout. Price is presently in a consolidation ascending regression channel . The choices for a play are to wait for a break above or below the channel or alternatively play the price action inside the channel. Since price is currently at the bottom of...
Let's delve into the EURCHF currency pair together in the daily timeframe 🕵️♂️💼 We've been present in a long-term channel on the daily timeframe, oscillating until recently when we broke and lost this channel 📉❌ Following the break of this channel's ceiling, a bullish trend has commenced, reaching the weekly resistance at 0.96837, indicating a critical zone...
QQQ is down over 1% today and falling out of the channel it's been in since October. It's quad witching today so could not be a coincidence that the market might be changing phases. An obvious spot for support would be the 50 EMA down between $425-$427.
Not only price managed to break above long term bearish daily channel but also seems like price completed a reverse head & shoulder pattern by breaking above the neckline as you can see in the chart. As a result we can expect to have a bullish continuation move at least towards the bearish trendline on red. Pull back to the broken neckline would be most...
The USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This technical setup suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position...
🍣📈Weekly Channel Breakout and Retest: MINA previously broke out of its weekly channel and reached its target successfully. The recent breakdown below the channel indicates a loss of bullish momentum and potential for a retracement. 🔍📉Corrective Phase and Resistance Levels: If MINA undergoes a correction, it is likely to retrace upwards until reaching its weekly...
The GBP/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the...
Asian Paints at perfect entry - Channel Support RSI Divergence at lower time frame MA 50 Support
this month is more likly last month manipulative push... this isn't natural at all. we are so close from ATH ( currently 68k just 1% remaining) without any correction considerd price being in overbought zones and market become extremly greed (currently 90 ) for fear & greed index. so that: -we are looking now for lower zones as shown in the chart...maybe...