GER30 has formed a megaphone broadening on its hourly chart. The price is trading the mid range 15842.85. EL: 16007.70 INITIAL ST: 15924.40 Targets: 62%: 16212.84 79%: 16270.76 127%: 16431.63 162%: 16549.61
Hi dear community members and my loyal followers. I hope you are fine. I would like to bring your attention to this macro analysis with innumerable and beautiful bullish chart patterns. As you remember 6-8 months ago when BTC bottomed at 17.5K/a real bottom/ in June 2022 and 15.5K/spring/ in November 2022 with double bottom I publish a lot analyses and told you...
ETH has formed a megaphone pattern on its daily chart. The price is trading the 5th waves with targets: 62%: 2114.32 79%: 2191.52 127%: 2416.28 162%: 2577.47
Posting an update on the SPY here as the markets closed out the week in somewhat of a make-or-break spot. The SPY continued to follow the bearish megaphone that it's been holding for months with its 50-day SMA slipping below its 200-day SMA (Death Cross). However, the SPY is holding a notable rising wedge on the weekly timeframe accompanied by declining bullish...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Here is a detailed update top-down analysis for EURUSD . Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Hi dear community my loyal followers, I hope you are fine. Let me update BTC current situation and my expectation. This week BTC pumped from 19.5K and broke not only 24K but also 25.2K and reached 27.8K. If you remember I warned you about BTC recent dump from 25K to 19K+-. At the moment, you can see on the chart that BTC has created Bullish megaphone chart...
Over the last couple of days I've seen several analyses on BTC and the fact that it was trading in a megaphone pattern. Many called for BTC to fall back to $20,000, but that was never really an option. With the classic banking system under stress, it has fundamentally never been a better time to own Bitcoin and have complete ownership of your funds. With BTC...
On the 15 minute chart with trendlines drawn, a bullish megaphone pattern is seen. This is a suitable basis to take a long trade with price is near to the ascending support trendline with a stop loss just outside ( below) that line The trade is supported by the current downtrend of the USD (^DXY) as seen in the link below. The megaphone is demostrative of...
- After this mornings hourly bear flag with no follow through from bears bulls try to play defense and we had a megaphone pattern play out in the morning. - QQQ was holding SPY up for the entire day, then the last 30mins bear sectors in SPY joined Bull sector QQQ. - need to confirm a hourly uptrend to set the daily higher low for bulls. - would like to see...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. After rejecting the 1700 resistance, ETH has been bearish from a medium-term perspective. 🏄🏻♂️ ETH is now approaching a strong rejection zone, which I call a " TRIO RETEST " 1- The lower orange trendline of the channel acting as a non-horizontal support (in oarnge) 2- ...
In this study, I show the Rising Wedge that has broken down, driving the recent drop, with price finding the support line of the Bullish Megaphone structure for a 3rd time. The current challenges in this chart for bulls to overcome are: The break of the Wedge projects a movement below the support of the Megaphone; A Bear Flag is formed The downward...
Hi AUDUSD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per our last ETH analysis, we have mentioned that potential Bullish Megaphone pattern forming. According to the pattern, we are currently on leg #5 🏹 For the pattern to get activated, hence the bulls to remain in control, we need a daily candle close above 1720 In...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I find ETH chart interesting. and here is why: so far, ETH has been following the bullish megaphone pattern perfectly. According to the pattern, we are currently on leg #5 🏹 For the pattern to get activated, hence the bulls to remain in control, we need a daily candle...
I think that the EURUSD has more room to move to the upside in this megaphone but the primary trend is down. I'm not trading it to the upside but I'm looking or anything over the 50% line as opportunities to open short positions
********************MEGAPHONE PATTERN******************** This is a personalized analysis based on trends, strength of drives and potential moves.
ALSN has formed a strong megaphone up structure Price is currently trending along the lower trend line which is a good sign for bulls that want to catch to bullrun An extension to the top of the megaphone would be a big move which I have shown with the bars pattern tool.
Gold is currently in a bullish trend, as evidenced by the ascending megaphone pattern on the 4-hour chart. The ascending megaphone is a bullish continuation pattern that occurs when prices are making higher highs and higher lows, and is characterized by converging trendlines that form a megaphone shape. The upper and lower trendlines of the megaphone can be used...