Descending Channel

This is a revised chart from a previous post. NEO -0.97% appears to have bounced off the trend line of a lower uptrend line. Price still within local -1.93% down channel but I believe this past downward movement to simply to be a market correction. This coin has great potential. I predict the price to adopt the less steep and more sustainable trend of the upward ...

MARKET ANALYSIS: The pair is now trading inside a descending channel . As of now the current scenario shows that the market reached the channel resistance. So 4 hr candle gives us a better confirmation for shorting, We can go for sell trade setup. So lets wait and see what the market does in the coming days. Cheers!

EURUSD Monthly. Anticipating test of broken weekly level then off to retest monthly channel resistance. With continued dollar weakness, price could break discending channel to test monthly zone 1.36

So, may be this is a good moment for short... what do u think?...

Hello traders,i hope you had a great trading month,let's see what's in store for gold. As i said at my previous article concerning Gold(attached below) we had a retracement at 1,210 level and a Bullish Gartley pattern completion which already gave us huge profits hitting target 1 and target 2. So now what's the possible scenarios for Gold? TECHNICAL POINTS 1.We ...

MARKET ANALYSIS: The pair is now trading inside a descending channel. As of now the current scenario shows that the market tends to reach the channel resistance. So once we reach the resistance and the candle gives us a better confirmation for shorting, We can go for sell trade setup. So lets wait and see what the market does in the coming days. Cheers!

Possible short trade on the middle bollinger line given the descending channel. Looking for a flag given the U.S. / Korea situation. Watch out for the news!

CAD/JPY 1H Chart: Channel Down The British Pound is trading against the Swiss Franc in a short-term pennant formation. The pattern represents the aftereffect of announcement of the UK Official Bank Rate and the subsequent Governor Carney’s speech last week. By the early morning, the currency exchange rate has practically reached the breakout point from ...

EUR/AUD would possibly fall due to the resistance level and the formation of the bearish channel.. NOTE :- I am not a pro, just a learner.Feel free to show my mistakes. Thanks

market analysis: The pair is now trading inside a descending channel and is now reached the channel support followed by a huge bullish engulfing candle. If the support holds on we can expect a moment to the channel resistance. Long term scenario: The market is trading inside a huge descending triangle. It has reached the resistance. If the resistance holds on we ...

Hello traders we have a bearish Shark pattern that is alligned with previous price structure and overall downtrend. TECHNICAL OBSERVATIONS 1.We have the 200EMA pointing to the downside so short trades are favored. 2.We have Stochastics at overbought levels. 3.We have previous structure based on price and Fibonacci levels fully alligned with the advanced harmonic ...

Current prices are at the top of the downward channel which may be a build up for a short opportunity. For confirmation; 1. declining MACD histogram; 2a. oversold RSI levels; 2b. declining RSI levels; and 3. bearish engulfing. Trade details Stop loss: Immediate preceding high Partial profit: Short term profit in the region of the green lines (strong resistance ...

Price nearing the top of a descending channel. Would suggest waiting for a clear bearish signal before entering. Details are displayed on the chart *DO YOUR OWN DUE DILIGENCE BEFORE ENTERING THE TRADE. NOT A TRADING SIGNAL.

Lately we have seen a lot of catalysts as far as WTI Crude Oil but less and unreasonable volatility than expected. We had: 1.O.P.E.C enlargement deal. 2.Libya's and Nigeria's supply growth. 3.Arab nations cut ties with Qatar. 4.US increase Oil production 10 months straight with new cheaper drilling methods. 5.Summer rally seems to have an effect on inventories ...

price still move inside the channel. we can aim one more downside.

VNTV closed today with a possible Evening Star in the $63 resistance, in the upper side of a Descending Channel and closing the gap of six days ago. If tomorrow open with a gap down, we can enter short at $62.35 with a stop loss at $63.30 with a first take profit at $60.45. What do you think about this possible trade? KL: 62.35 SL: 63.30 TP1: 60.45 TP2: ...

Setting up a short position bouncing off previous support turned resistance and the downward sloping channel. This looks to be a good play as risk on continues and emerging markets are gaining strength this year against the USD. Follows, Comments, and Likes are appreciated!

After a solid rebound a few days ago Litecoin has broken down to retest support. Waiting on a solid break above the channel to buy in.