Descending Channel

Hello, All the indications are on the chart. Best regards, Alexandre Simões

So looking at this simple set up we have some trigger points to buy depending on how the price action plays out. So if the candles hit down and back up inside the wedge and breaks through you can place a buy trigger on the tick up to the break. A buy range is the area of the blue rectangle. Set a stop loss accordingly.

Pattern: Channel Down on 1D. Signal: Long since the price hit a LL on the Channel. Targets: As shown on the chart with 3960 the most tolerable.

Looking at gold it seems to be following a downward channel. Fib was used and it showed a 0.7 retracement from the current lower high. 30 ma also shows a cross over in the 4hr and below timeframe so this is another indication that sellers are in control.

BUY Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!

AUD/CAD is forming a descending channel and it is better to take only short positions in this market.

Greetings guys. It's time to spread my BTC market vision. First of all my ideas are based on VSA which stays for Volume Spread Analysis. I have no doubt that Head and Shoulders will work out and we will reach the price of 5k-5.5k-6k. But before that we should break through many resistance levels meaning that there are some retracements ahead we can try to earn ...

AUD/JPY is in an Descending channel formation and is at its minor supportive trend line. Also, it has been forming a bull flag pattern. Hence we expect the pair to be bullish and reach the resistive trend line.

EEM is trending in a down-up counter trend. It has failed over the last 8 months to close above its Moving-Average on a weekly basis. I am using the 16-day Moving Average (representing 3 weeks +1 of trading days), but you can play with the period and you will see similar results. EEM is currently testing close to its 16-day Moving Average and near the top of its ...

NZDUSD pulled back to structure and is at the resistance of the descending channel good to enter short now SL : 0.68808 TP : Follow arrow

Hello, A descending channel seem to be forming on the daily. I just drawed some previous resistence and support points, dating from August 2017, intersecting the channel. I'm watching those carefuly for a possible bounce. #Keeping it simple. Best regards, Alexandre Simões

the USD/ZAR currency pair is currently going up in adescending channel and could possibly bounce off the channel's resistance and go into a sell-off. The RSI indicator is relatively overbought, so that could be a good indication of prices going south. Personally i am going to wait for at least a cadle close below the descending channel resistance before i consider ...

I just realised that the move from the $4529 high on 24 November to the $3657.60 low yesterday was met with a retracement to above the 68.1 fib yesterday after reaching my $4200 target. This should provide enough momentum for a continuation of the downtrend move to at least the 161.80 fib retracement level (from the $4529 high) which sets my revised target to ...

Following on from my previous post, we reached the $4200 target as expected and now there is hidden bearish divergence on the hourly chart. MACD and StochRSI are also starting to turn. Price has been following a broader descending channel since the price started crashing over a week ago and is sitting right at the channel resistance. Expecting another wave down ...

BTCUSD is forming a bullish descending wedge and oscillators are extremely oversold again so I'm expecting a move back towards the $4k before a resumption of the downtrend to the $3400 region. Bitcoin found bottom support for the downtrend on 20 November so I'm expecting a move back to this trend line support at the bottom of the wedge around $3660 before a bounce ...

What do we have here? -Ethereum is losing capital to XRP for about a month, and should recover part of this capital to fight to be second place marketcap -90% retraction from 2017 bubble -Double ABC making a corection WXY -Descending Wedge -Will bleed more if BTC dumps -RSI daily record oversold, weekly too

EURUSD potential bearish cypher at descending channel resistance level Look out for selling signal at D point

I would expect a bounce back to top of trend line if I get lucky could even continue further to the upside. trading on kraken 7.5 shares 81.56 will not chase.. trying to get double this size but low liquity and large spreads will look to add on retest of channel support