Bitcoin is at a yuge Harmonic and Elliott Wave reversal zone. If this breaks up about 100 more dollars and can stay above that resistance zone , then it will become a support zone and the trend will likely continue up from there, possibly to 1500 usd. If the bears can hold this resistance zone then Bitcoin will likely continue the megaphone pattern that it is in...
EURUSD has formed a Megaphone pattern, I have entered another additional position, target 1.1045, entry size triple tan usual.
I am seeing 2 windows recently closed and a third on the way at 204.28. Also a downward megaphone. 60min chart
I have no experience with this pattern, will be interesting to see if it comes to fruition. Long at 3500 horizontal as well
This is a Bullish megaphone, but we're in a heavy down trend. Price is bouncing off the megaphone trend lines really well. Price is entering a very bearish zone. I'm looking to get short around 111.42-111.70, I want to see a bearish candle with some follow through. Once short I would keep my stop around 112.10, just above the swing high. Looking to take profits...
Confirm sell signal on daily. short Bank stocks Money flow breach
currently short w/ a target of $192 on SPY after viewing this megaphone pattern
NYSE:GD meaby is developing a megaphone structure, the CCI and the RSI confirm how is involved in a downtrend. (this is clear in price chart) Target 1: 0.23 fibo almost 125.7 usd
NYSE:GD meaby is developing a megaphone structure, the Stochastic indicator show a turndown.
Currently watching for a break out from this megaphone, daily candles leaning to lower prices
We can see how the CSCO was fill the megaphone, now is show an inverted hammer. I observe two posibles scenes: Don't cross the diagonal support at 24.06 and continue the journey to the sky Yes... cross the line and fall to the hell to 18.06 and maybe more I prefer think in the first scene, short only to 08/16. But only time will tell.
This is an UPDATE to the short I called out a couple weeks ago and still hasn't hit Target #1 yet. We have ran into the Major Trendline this morning, which is concerning to me. We are putting in the Alligator's Mouth or Megaphone type Pattern. These typically result in a Major Breakout once price gets outside of the range. Still holding onto my short per my...
A megaphone pattern is emerging very clearly on the 30min chart. Since I'm already short I'm gonna add to my positions at the top of it. I really wanted to bring it every ones attention in case they find it important rather than as a trade idea as such. Good luck!