X Force Global Analysis: 3M (MMM) is a multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods. In this analysis, we take a purely technical approach to the stock, assessing its bullish probabilities. Analysis - What's most noticeable in 3M's weekly chart is the descending parallel...
GBPJPY finds itself trending within a descending parallel channel. The pair experienced a slight rejection recently off the previous support. If the rejection gets confirmed and we see a solid bounce upwards, I will be looking to enter shorts on the 0.5 fib retracement and also the LL of the higher descending trendline.
ZECBTC broke descending channel and now we are waiting for a retest on previous resistance. According to Plancton's strategy, We can set a nice Long
495-500 level proves to be a strong buy level and thus support, which it has bounced from in the past. (Outlined by green shaded line). When Wheat is trending in one direction it typically remains within an upward or downward channel as you can see historically, as well as outlined by the shaded blue channel. As you can see, it has recently broken out of this...
GOOD DAY TRADERS HERE'S A SHORT IDEA ON GOLD SHOULD THE DESCENDING CHANNEL HOLD LOOKING FOR A SHORT OPPORTUNITY ON XAUUSD .. RISK MANAGEMENT PERIOD - DAY TRADE
The market since the end of the uptrend rally in March started a descending phase inside a channel. Being unable to break the resistance zone around 1.82 level is now testing the support level around 1.7850. If the market will manage to break and close the day below the support structure, we could look for a short position according to our strategy with a...
-Good sell opportunity on the rest of the descending channel which is in line with the 38.2 fib level which adds confluence that price could rest from that level. - The Ema's are above price which indicates bearish momentum of the pair. - Wait until price has reached the significant level and look for a strong bearish candle to sell this pair.
double bottom of flag approached there structurally with a 3 touch descending channel filtered on the 15M, risk entry on corrective candles or retrace candle
EURNZD broke a descending channel and the price is retesting the new structure on d point. We are looking for a long order if the price holds the support and satisfies our strategies ––––– Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618...
EURCAD currently is still at a descending channel. We can expect a bullish scenario if ever it breaks out it resistance. But be cautious not to be predictive but rather reactive. As it now approaches the resistance, it may do three things and reacct to the significant level Breakout - which is a bullish confirmation, but watch out for false breakouts. A breakout...
USDCAD is now backtesting and made descending daily trendline and now its making a backtesting ascending trendline... if you like my analysis please give a thumbs up and follow me for future analysis......HAPPY TRADING...
Wait for the next touch and then BUY.
Chart explains it all. -Ascending triangle with a desceding channel within, pointing to a short term target of 3650 before a retrace. - Will Update when required. -Kautilya.K
ZECBTC may go up as it break through the Descending Channel.
Based on last weeks weekly analysis we have now respected the channel as anticipated and pulled back into the supply zone as well as touching our trend line to the downside. Nzd interest rate news release for the week ahead should give us the move we are waiting for.
DAILY CHART As ween can see in the daily chart , the Mastercard stock until the end of March was in a strong downtrend. Around end of March it has a double bottom (As Visa stock) and then began a new uptrend. We can say it is going for uptrend cause the Lower High around $260 was broken,and now as we can see the price is retesting that previous resistance that...
XTZBTC breaking through the Descending Channel. Retest is possible.
Seems like QTUMBTC just went through the trendline breaking the Descending Channel.