Pattern Identified- Ascending Channel The Ascending Channel pattern was identified on multiple timeframes to include the monthly, weekly, daily and four hour charts. Due to recent market climate and conditions, I am neutral on SPY until the channel breaks. Peace & Prosperity, MrALtrades00 *Lines were used on some of the timeframes to...
The price is in the cage of channel and mini downtrend line, looking for the entry confirm by correction or retest after breakout.
Expect a harsh bounce and push to the downside. The price could respect this channel and reverse its way
An idea for VTR showing two very comparable price areas Price dips to bottom of channel and sharply recovers to the middle trend line just to move up higher again This is the Weekly timeframe
The price is creating another channel below the daily resistance after the market retested the 18$ as I told you in my previous analysis. How to approach? The price needs to create a new breakout from the 18$ and retest it as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. ...
Welcome back! Here's an analysis of this pair! **EURUSD - 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...
NYSE:BABA Today the overall market had a green day, many big names like TSLA and FB rallied more than 4% today. But the question I am going to ask is: “Do you think this is the end of the enormous channel BABA has been trading in? BABA started trading in this channel since 2020! But BABA sort of broke out today. But this could also be a bull trap. Today’s volume...
Currently, we seem to have received rejection from ma200 in the h4 time interval. Although we seem to be holding on to the ma50 on a support basis in the same timeframe, I don't think it will make the channel valid and I think we will throw a pin below the weekly ma200 and close it on this lively average. Although the sloping channels formed in all kinds of...
Hello Traders! We are monitoring EURCAD for an Intraday BUY opportunity. We currently have a bullish channel on the 4 hr, price respecting strong support, and sitting above 50 MA. If it breaks 4 hr. support, the trade will no longer be valid. What are your thoughts on this opportunity? We'd love to hear it in the comments. Trade safe! Brian & Kenya, BK...
Hello Traders, GBPNZD has rolled back to strong support and we expect a bounce from the area for a nice scalp/intraday opportunity. If 4 hr. support breaks, the trade is no longer valid. What are you thoughts on this pair? Be sure to follow the rules of your strategy for entry! Trade safe, Brian & Kenya, BK Forex Academy
BTC has been trading in a tight channel for over a week. I enjoy these ranges because it's easy to swing trade. Set your supports and resistance levels join a trade with a tight stop and if you're able to, set your take profits. If you're confident in your trade you will let the charts do the work and you will either get stopped out or secure profits. Love it or...
Oh my, so many questions... let's beginn on thursday: I think that if we see a rebound early in the day, it might hold up to form this beautiful 'W' shape -OR- it breaks out completely ON. A. FRIDAY. But this might be just too far fetched these days.. IF the 'W' forms though, this gives at least somewhat of a ground. Will be tested next week then -.- If the W...
I think that there will be a small rally after newest dip and that another drop will wait until friday (circle). After this dip with new lows we will hopefully stay in this channel and try to break out again.
The SPY ETF has traded within a well defined channel since the beginning of 2022. Within this major down draft, a more acute channel has been in evidence for the past 2 months. (shaded rose) Looking at this from a harmonic perspective and bearing in mind that this is a 2 hour window, I see evidence that a cypher pattern is developing with may provide a...
Could we see another push down based of the current Down Channel ? If the Analysis Holds true we could see a push down to the 31569 Area based of the current down trade. Entry : Counter trendline break Bearish for the Short/Sell Opportunity . Take Profit : 31569 Stop Loss : 36154
With today's US CPI numbers out of the way and a modest degree of stabilization in equity markets, Gold appears to have made a short term bottom. This is the third touch of a six month trendline. We add to this a bullish harmonic Gartley pattern which appears to have formed. (This includes a solid AB=CD subset.) We need IMHO another ingredient. A weaker $USD ...
Netflix (NFLX) ...Will this Horror Show ever end ? Netflix has been one of the bigger casualties of the NASDAQ selloff managing to lose over 74% of its value since early November 2021. Taking a 10,000 foot view and reviewing a monthly log chart(insert) suggests a well defined channel going back to NFLX's debut in May 2002. The bottom of this channel now rests...
BINANCE:BTCUSDT BINANCE:BTCUSDTPERP Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $BTC has reached the descending channel's bottom and so there're some similarities to check for... Last time that $BTC has reached the channel's bottom ( Formed the...