Hi, i think there is possible revers on USD. it's may be fake breakout of the Channel as what happened in the past when the fake breakout appeared on the down of the channel ( the red circles ) the target is the down of the channel, however it can break the channel to complete the wolf pattern Fails if it move above 120-121$ .
Check out weakly chart stock movie in channel higher high and higher low. Consolidation or taking rest to blast not sure anything after channel breakout can tell what will be next No recommendation
SNOW on the 4H is seen trending from from earnings in May with the great top line and okay bottom line with a big uptrend into a sideways wide range channel. It is now low in the channel but still above the long term anchored mean VWAP which is the logical stop loss for any long trade setup. Confluent support is the POC line of the visible volume profile with...
So far soxl continues to channel trade as anticipated. Currently resistance around 28.50. Without a breakout we'll continue to channel trade.
Welcome back! Let me know your thoughts in the comments! ** EURCAD 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...
Welcome back! Let me know your thoughts in the comments! ** EURNZD 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...
Since BABA hit all time low in Oct 2022, it have been consistently keep above $80. The Stock show a nice consolidation and now for a short term trend it’s been running inside upward channel. This is mainly based off on technical analysis.
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of EurUsd 💪 With EurUsd retesting previous monthly structure and the 0.618 fibonacci retracement level I do expect a short term bearish rejection on EurUsd and then simply more bullish movement. Weekly market structure is...
The uptrend channel A 100% parallel extension of the uptrend channel indicates the strength of this bullish trend. 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, the target price would be point D at $303.3. Given that the anticipated...
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 Gold retested the monthly 50% fibonacci retracement level of the last major monthly impulse and is now in confluence with bullish moving averages heading for new all time highs. Weekly market structure is very clear...
AMZN is forming a new channel, I like that kind of pattern. A Fibbonacci would give us almost the same signals like the current volume profile - good sign. I would enter long about $133 and exit around $135
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 ($16,733). The target price level aligns with the...
Channel - A minor uptrend exists within a main downtrend. For TESLA to officially transition into an uptrend, it must break the main downtrend and surpass the significant prior high at $313.5. 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...
I've really started to like parallel channels a lot as part of very simple TA. On the daily or weekly charts in particular. It works pretty well for Bitcoin, it works especially well for stock indices, particularly SPX/SPY for longer term trends. It's just an excellent visual of waning buying pressure as upwards price movement starts to fall out of an ascending...
SPX had been respecting an upward channel since the October 22 lows. It has reached the top of that channel again. Time to correct or breakout?
XTZ, as with the rest of the market, is running due to the court catalysts that i've been posting about all month. 🫡 Recently, after the sell off, the price action has been forming a channel uptrend. I will publish this on the 4 hour and one day so that the price action is easier to track. In the near term, price is likely to see some profit taking over the...
Bitcoin hasn't done much recently. Price holding well around the 30k mark. However personally I believe we are due a retrace, especially at these levels (see my other tradingview posts) The thick blue downtrending line is a longterm support/resistance from last bullmarket. Struggling to close a daily candle above. Shortterm. I'm looking at a traingle pattern...
DR REDDY has been trading cleanly in a channel. Price takes support at the bottom and gets rejected at the top. Will it face rejection again or breakout of the the channel this time?