Just posting another update here on the SPY- Bearish megaphone is playing out as previously charted. The SPY rejected its 200day SMA the other day and now the 50-day SMA has crossed under the 200-Day SMA (Death Cross). The SPY formed a bearish butterfly harmonic pattern on the Hourly timeframe as well as a big head and shoulders on the weekly timeframe (See...
Just posting another update here on the SPY- Bearish megaphone is playing out as expected but also a very big week for the markets fundamentally & technically speaking. The SPY rejected its 200day SMA today while simultaneously forming a right shoulder to complete a head and shoulders (Bearish) on the weekly timeframe. Additionally, the SPY formed a bearish...
Longer-Term Trend for 3.
Only the FED can delay the 3rd test of the Megaphone.
13.6 years from the prior test (2) would be on time.
It will appear impossible to most, understandable.
There is an intermediate Trend Line and count for the
Longer-Term Trend.
This will appear in the next commentary.
_______________________________________________
Kondratieff...
Here is my idea that came up out of my mind after analyzing BTC chart.
The idea is that BTC is currently moving in a megaphone pattern.
A long trade is currently active and if it ever follows my path. The short trade will be initiated too.
All details explained on the chart
Don't mind commenting your thoughts
CAN is printing a Broadening Bottom Megaphone pattern on the CAN daily chart; the RSI looks to be increasing on the price lows indicating increased momentum.
Zooming out it also looks like an accumulation pattern has been forming over the past several months.
The megaphone may work as the "Spring / Test" stages for Phase C if it plays out and bring the price back...
I think there is more downside despite this reversal. Made pattern adjustments and I see a megaphone. Rumors of war, Fed hikes, Guidance adjustments after earnings.... and so I'll be looking for puts on the way down to the descending line and calls toward the midpoint of the megaphone. If you have a chart, I would love to see what you see for comparison. Good luck...
2 Scenarios for Bitcoin
1) Breakout of Megaphone will send it to $42,000
RSI Breakout is good sign that will see another breakout
2) Price will fall again and retest another support ($33,000)
Btc is actually trading on a megaphone pattern. A pattern that is simple which 90% of traders aren't aware of ! Less is more so all the explanation of my plan is all drawn on my chart:
Hope this helped in your own research even tho i'm only a retail trader. Have a good trading✌
my eyes see that AMC may be in a megaphone overall on the weekly. it's pushing hard this week at a support/resistance. if it can get above $20 and hold, i'm planning short term calls. learning to take what the market is giving me. what do you see.
WHAT I LEARNED ABOUT MEGAPHONES:
www.elearnmarkets.com
On a daily chart, DOW has closed below 200 MA which calls for a bearish sign. However, there is still some support for the rising wedge.
The trendline has broken very strongly on weekly.
I think we are close to a halfway mark on correction; possibly 4-5% is still left to go. After that, we should see some possible reversal due to the confluence of:
...
Following along with the MEGAPHONE theme from a previous chart taking the first touch of the MEGAPHONE TOP, as the top. Being a weekly chart, we need to see the weekly close below the RIBBON for CONFIRMATION that we are indeed heading into a period of CORRECTION. Given that the FEDERAL RESERVE will meet next week and have already stated that they will not move in...
B.W6 | Thailand SET Index | Logistics Sector | Chart Pattern Trading
> Bullish Megaphone Channel
> Price Action: Entry position @ strong demand support line with a tight STOP-LOSS
> RSI bullish trend crossing up 50
> MACD bullish trend golden crossed just below the baseline
Trade with affordable risk ratio 3:1
Always respect your stop-loss
Good Luck
DP
This a follow-up to my last post. Strong seasonality along with heavy put buying has helped this market drift higher.
JPM Hedge Collar drawdown seems less likely. As long as no shock factors happen, I see 4800 by year end.
After this strong week, I see some consolidation happening before the next pushes up. First resistance is the ATH, I can see it...
Hi All, my main 3 take-outs from this analysis are the following:
1- Even though the situation seems to be compromised and price seems be heading to 17$, be careful bears, as the price is forming right now a rare megaphone, also called broadening bottom. It basically indicates that the price is charging and volatility is increasing in the perspective of a strong...
SPX bounced strong off the megaphone patten. Expect some strength going into Christmas.
Stonks go up. Only think that concerns me is JPMs collar hedge that expires 12/31. Could pull this down to 4450 but support should be strong there.
KCS is overall bullish trading inside the orange megaphone pattern.
Since it is sitting around the lower bound / trendline and green minor support, we will be looking for Trend-Following Buy setups.
However, KCS broke below the green zone, and it is currently retesting it, so the bears might still kick in for another bearish impulse till the lower blue...
