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Channeltrend

Nasdaq for the coming week (7/10) Channel - There’s a clear uptrend channel. Symmetrical projection: An uptrend N pattern - By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C. - As the expected symmetric pullback to E did not occur, I anticipate a further 100% extension from D to F ($16733). The target price level aligns with the historical high level, adding significance to the target price. Resistance levels on the way - The price range from $15340 to $15360 is a crucial resistance level zone, as it aligns with multiple key Fibonacci levels. The 0.786 Fibonacci retracement level of the entire downtrend from point X to point A'. The 1.5 Fibonacci extension level from point Y to point A'. - $16216 could serve as another potential target if we apply a more conservative initial swing from Orange point A to point B. Support/ Defence level for bulls - The prior low at $14250 is a key support level that shouldn't be broken, otherwise, the bullish momentum will be difficult to sustain. - In addition to being level D, the level aligns with two critical Fibonacci levels, further enhancing its significance. The 0.618 Fibonacci retracement level of the entire downtrend from point X to point A’. Assuming the current high marks the end of the uptrend, the 0.236 Fibonacci retracement level of the uptrend from point A’ to point Z perfectly aligns with the prior low level. Key points on the chart. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
CME_MINI:NQ1!
by stock_adelie
2
📈 $AAVE Spotting a Triple Bottom within a Downward Channel! 🔍EURONEXT:AAVE has caught our attention with a compelling price pattern - a triple bottom formation within a downsloping channel. 📉⚖️ This setup presents an intriguing opportunity for traders! The triple bottom, characterized by three distinct lows, suggests a potential bullish reversal. Combined with the downsloping channel, it adds an interesting dynamic to the price action. 📈🔄 Will EURONEXT:AAVE break out of the channel and embark on a bullish rally? Or will it face resistance and continue its downward trajectory? Join the discussion! 📊💬 #AAVE #TechnicalAnalysis #TripleBottom #DownslopingChannel #BullishReversal #TradingOpportunity #TradingView" Remember, technical analysis is just one piece of the puzzle. Always conduct thorough research and practice risk management. Happy trading! 🚀💰
Long
by STP_MrNodeItAll
2
📉 Downward Channel & Weekly Bullish Divergence on $AXSHey traders! Today, I want to discuss an intriguing chart pattern I've identified on NYSE:AXS (Axie Infinity). Let's explore the downsloping channel accompanied by weekly bullish divergence and assess its implications for potential price action. 📊💡 Pattern: Downward Channel & Weekly Bullish Divergence 📉🔽 Symbol: NYSE:AXS 💰 Overview: A downsloping channel is a notable chart pattern characterized by a series of lower highs and lower lows. Additionally, the presence of weekly bullish divergence further strengthens the potential for a reversal. Let's delve into the downsloping channel and bullish divergence on NYSE:AXS in more detail. ⚡💹 Key Features of the Downward Channel & Weekly Bullish Divergence on NYSE:AXS : Channel Formation: Observe the well-defined downsloping channel, which consists of a series of lower highs and lower lows. This indicates a prevailing bearish trend. 📈📉 Weekly Bullish Divergence: Notice the bullish divergence forming on the weekly timeframe, where price creates a lower low while the corresponding oscillator indicator forms a higher low. This suggests a potential shift in momentum. 🚀📈 Trading Strategy: Entry Point: Consider entering a position once NYSE:AXS breaks out above the upper trendline of the downsloping channel, supported by the confirmation of bullish price action and the weekly bullish divergence. This breakout could signal a potential trend reversal and the start of an upward move. ⬆️💰 Stop-Loss: Implement a stop-loss order below the recent swing low or below the lower trendline of the channel to manage risk and protect against potential downside. ⛔️📉 Target Levels: Identify key resistance levels or previous swing highs as profit targets. Adjust your position size and take profits accordingly. 🎯📈 Risk Management: Maintain proper risk management techniques, including position sizing, setting stop-loss orders, and adhering to your trading plan. Be aware of the risks associated with trading cryptocurrencies like $AXS. ⚠️💼💡 Disclaimer: Trading cryptocurrencies involves risks, and it is crucial to conduct thorough analysis and seek professional advice before making any investment decisions. #DownslopingChannel #BullishDivergence #AXS #AxieInfinity #Cryptocurrency #TrendReversal #TradingStrategy #TechnicalAnalysis In conclusion, the downsloping channel and weekly bullish divergence identified on NYSE:AXS indicate a potential reversal in the making. However, wait for a confirmed breakout above the upper trendline and validate the bullish price action before considering any trades. Stay tuned for further updates on $AXS! 💹🚀 (Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
Long
by STP_MrNodeItAll
Long post on goldHello, my dear friends, as in the previous tutorials about channel strategy and moving average. at this point of time is $1,914 per ounce of gold, and as you can see in the chart, in the area of 1895-1900, we have overlapping support from the channel and moving 20 in weekly time. I will take a long position in gold at the price of 1,895. I wanted to share this idea with you with a maximum of 15 dollars and target above 2075, and I would be grateful if you could give me a suggestion or criticism about this idea or strategy.
TVC:GOLDLong
by amir1qaz2wsx3edc
1
AUDUSD BUYING Trade Setup H1At the moment, AUD/USD is trading at 0.6759. According to my limited knowledge, if it goes down, it will reach the support line of the channel. After that, it will move towards the resistance of the channel, and then there will be a breakout of the channel. After retesting, it will continue to move upwards. Disclaimer: The information provided is for general informational purposes only and should not be considered as professional advice. Use at your own risk.
Long
by ShaniTradingHub
GBPAUD I The best areas to trade right nowWelcome back! Let me know your thoughts in the comments! ** GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
5
📉XAUUSD 4H Setup before FOMC meeting📈OANDA:XAUUSD FOREXCOM:XAUUSD Gold analytical series, Episode 16 Hello Traders, checkout my previous ideas. Gold can move towards $1977-1999 after reaching the $1955 range. In the next meeting of the FOMC, if the interest rate increases by another step, according to traders' expectations, the possibility of an increase in interest rates can bring down gold to the levels of 1939 to 1932 dollars. Don't forget to risk-free your positions. Please share ideas and leave a comment, Let me know what's your idea. CrazyS✌
FOREXCOM:XAUUSDLong
by UnknownUnicorn18258085
KBE ( in top of ascending channel ) is ready to shortKBE on the one-hour chart has been in a rising parallel channel for a month. It is now near the the top of the channel having pivoted within the past few trading sessions. The MACD which is no lag shows a line cross above the histogram while the RSI is topped out as it was on May 23rd the most recent previous pivot downward. I see this as a short setup. The stop loss is at the recent pivot high while the target is $35.15 at the bottom of the channel and somewhat confluent with the POC line of the volume profile which is a natural bounce and reversal value. I would also short the banks by going long on BNKD which adds the extra risk and potential reward of leverage ( see that idea)
AMEX:KBEShort
by AwesomeAvani
HOOKUSDT → trigger for buy or sellHOOKUSDT currency has the potential to buy or sell and enter this currency due to approaching the proof range (green range) which is its strong support range. - The middle of the downward channel shown in the 15-minute time frame is important for us because the history of the chart of this currency clarifies this issue for us. From this, we can conclude that the middle channel is a dynamic line for us, and we can open a buy or sell deal on this currency in case of failure. - The strategy that gives us a trigger in addition to the middle channel is the RSI, where we see a divergence in the current price and, in a way, an entry trigger. - The targets of this currency are shown with a flag symbol, and the stop loss is also in the green range Regards SadyCrypt!
by UnknownUnicorn29668537
1
EURAUD 4Hrs Trend channel +190 PIPTimeframe: 4 Hours Long Day Trading Position Initial Take Profit : 1.6183 to the channel middle point 2nd TP: 1.6238 (to the high volume node of the volume profile) SL: 1.593 (breaking the trend channel) The pair is in a bearish tunnel for more than a month, and now in the trend channel's bottom, and has a high potential to go up again during the next few days↑. ↝✔ Esteem your Analysis and seek improvements ⌁ @AbdullahTech ♾✽ June23 ↝✔ Keep an eye on the next price journey ;)
Long
by AbdullahTech
Time to make profit on USDJPYhi every one complete pullback to the trendline with 4% profit Potential The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisio
Short
by expay24
EURUSD I Weekly forecast and swing trade opportunityWelcome back! Let me know your thoughts in the comments! ** EURUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
2
Weak Euro - War between central banks!FOREXCOM:EURUSD is under sell pressure. Germany is officially in recession. Inflation numbers came short in both Spain and Germany. These are signs for interest rates in eurozone is slowing down the economy and at some point ECB needs to stop increasing interest rates, which would make euro weaker. In contrast to this, job openings and GDP numbers came positive for the US economy. This is increasing the hand of FED for further rate hikes. All these fundamentals are pushing FOREXCOM:EURUSD lower. TA shows that the price is following the down channel. The channel support and pivotal point supports (both monthly and quarterly) are around 1.05-1.053 zone. We will watch if that area holds or not for a long opportunity. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
by WhaleGambit
Bank Nifty Trade Setup (26-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. Picture is worth a thousand Words as from the chart Bank Nifty is moving between 751 points from 11th May and if traded with patience and with proper trade setups one can make profits. This will be my Trade Setup for Tomorrow: From price action we can see price is moving in Horizontal Channel and Today it made lows and took support near same zone which is previously tested as long as price don't don't this zone we have to trade within this range of 770 points. Setup will be 1.) If it opens flat nearby support is 43633 if it sustains this support on 15 mins then will look for CE Buy for nearby resistance which is placed at 43756 and then 43830. 2.) If gap down will look for price to take support at same support zone where it took support today or it's same as Today's low. and will take CE Trade from that level. 3.) If opens gap up then i will look at resistance which is 43756 and 43830 then i will look for PE Trades for nearby support zone or CPR levels. Views are on long trade if it respects this channel. maybe we can see break above this channel on last monthly Expiry :) Hit like to keep me motivated for keeping my trading journal also if you can help as Trading View is holding rewards if Ideas or Script can be listed in Editor Picks :) . also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
NSE:BANKNIFTYLong
by TradeInsights
2
EURUSD - Bullish leg begun?In our last EURUSD idea we called the bottom of the move within 10 pips before an 80pip move up. By the end of play on Friday price retreated slightly, respecting the upper boundary of the downward channel. Are we likely to continue to move down within the downward channel? While there's a good likelihood that will happen, there isn't a great entry on the short side, with support just below. We may see a nice long setup play out though, if Monday sees a bullish push, for a break above Friday's high and breaking out of the downward channel, that would give a lot more confidence that this wasn't just a channel retracement but the start of a new bullish wave. Setting targets in the 1.096 area would allow us to craft a nice high R trade.
Long
by HayeTrading
13