TF: 8 HR
CHFJPY looks like it may have a nice up trend in the coming weeks. Some reasoning behind my view:
1. Price is currently forming and trading within a in a bullish descending wedge/megaphone pattern on the 8 HR time frame.
2. Along with this descending pattern, a inverted H and S pattern seems to be forming with it currently forming the right shoulder to...
hello traders,...
to the point: FA and TA so far confirms it, it looks like it is in megaphone Top pattern, but that doesnt mean it cant be bulish till 1 month prior to elections and print a new high ....
no entry, but i had to do this analise bcs it reflects the crypto (or did), so why not make it public,
hope u find it usefuel
Euro is at top of a number of downward channel trend lines and is printing a megaphone pattern. This looks like distribution as the larger traders dump positions into the order book and widen its range.
Selling from the top of the day here could be a very good swing position short. I also have a short bias intraday.
#sp500 #spx #sp1! – S&P500 futures have once again gapped down as markets reopened for trading tonight, currently down -137 points for a -4.6% loss.
Price is now below the 50% Fibonacci retracement level which is the midpoint between the low seen in October 2018 and the high made in February 2020. 50% retracements after a large/long uptrend are generally...
Hi guys another megaphone pattern for “color options” traders. The resistance line has been touched 5 times already and there was no break. Also, the volume is dropping, it could mean that the interest to break this resistance isn’t there. So I will enter short trade when first red candle forms after last green candle that touched resistance line.If resistance...
BP breakdown out of its megaphone pattern. The backtest was unsuccessful.
However, a strengthening '£ vs. $' might encourage it higher. Worth watching.
So on the after hours we have broken to the upside the next step would be a daily close to the upside. This is Bullish make no mistake about it. However, where are we really going to go 3050 is only 3% away. Remember the longer term charts are still very bearish. We still have the potential head and shoulders forming along with a long-term Megaphone pattern that...
US Equities in downtrend off ATH from July. Price action strongly mimics last year's selloff behavior. Pull chart right to see the 2018 Megaphone. Targets in chart are determined by TL defined by these Megaphones. Price labels are estimates and actual prices of course will vary; past performance is no guarantee of future results!
2019 Megaphone is Bigger and the...
Over the same time fame as the TSMC channel, TXN has been trading in a bearish megaphone pattern and has hit the $117 top of range level for the 6x. No reason to believe the 6th time would be any different from the earlier 5 occurrences.
Softbank has come under increasing scrutiny for its eye-popping investments and corporate governance practices. Investing almost a billion into a company embroiled in a massive accounting fraud scandal (Wirecard) is not what I would characterize as best use of shareholders' capital.
Starting from the 2009 trough, the stock has completed 5-waves up with the price...
