********************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...
Gold is ranging in a megaphone pattern, likely to break upward and continue the bull market it started in 2019. Looking for a pullback to 1825 area then back off to the top of the pattern near 2100.
Top chart weekly timeframe, bottom chart daily timeframe. Price action on the top chart shows a Long Legged Doji candle at the $380 important support level. I think we will see a short term rally, retest the previous support now resistance $390 and then crash to the downside. I'm just waiting for the retest to open a short position.
On weekly we can see that the price has formed a long-term Head&Shoulder, where its right shoulder is a Megaphone Top. Price is hugging & kissing its upper trendline, which is also an area of a perfect entry to go SHORT, as there is a very small risk compare to a very big reward. I will be looking and patiently waiting for a Key Reversal from upper trendline to...
Are we on the process of a megaphone pattern formation? This is just a thought and needs many more confirming indicators and market movement. Let's wait for some developments and I will update the chart. Stay Tuned.
SPY has been in an erratic uptrend since October. on the 2H chart, It is now in a megaphone pattern with more touches of the lower support trendline than touches of the upper resistance trendline. This suggests a breakdown out of the pattern. The MACD shows the lines below zero and the MACD about to cross under its signal. Price is about to break under...
The SPY closed out the week strong after finally getting some strong bullish momentum as a result of the CPI & Jobless Claim Data that came out on Thursday. If CPI continues to decrease as it did, I can certainly see the SPY gaining even more traction and finally breaking out of the bearish megaphone that it has been holding since November 2021. Subsequently, the...
I'm looking at weekly timeframe. To tell the truth I haven't expected BTC to go lower than June low coz 17.5K was my bottom target as I mentioned in my previous analyses based on my analyses, all history data and more than 100 indicators that flashed bottom signal. Really this time it was different. In any way I think this is the biggest bear trap in BTC history...
Over the past 3.5 months, Huobi Token (HT) has been developing a megaphone pattern, also known as the broadening pattern. The pattern is neither bullish nor bearish, but it hints at a period of heightened volatility as long as HT's price remains trapped inside the megaphone support and resistance levels. HT Megaphone Pattern The megaphone pattern can be...
Bullish megaphone pattern can clearly be seen in various timeframes. Pt's on chart.
An Ascending Megaphone Structure A second touch of the lower level of the megaphone has been observed This is going to be likely a point of support and price shall rise from there Potential
OXY as shown on the chart is still in a megaphone pattern. Horizontal resistance red line is the all time highs of Spring 2018. In the past several trading sessions, spot oil has dropped from $96 to $87. The MACD indicator which is lagging shows the K / D cross over the histogram. Accordingly, OXY is now trending downward to the mid-Fibonacci retracement...
RIVN is in a slow down trending pattern right now within a megaphone reflecting increasing volatility. The MACD shows the downward momentum with more of the histogram negative below the zero level. At present, the K / D lines are crossing over and above the histogram. characteristic of a reversal to the downside. Based on pivots in June and July, the...
NASDAQ:TSLA TSLA on the daily chart has a megaphone pattern showing increasing volatility as the price action is downward. Supportive and resistance trendlines are touched multiple times. At present, the price is also at a horizontal S/R line being the 2021 year high. Another horizontal line is the double bottom of Spring 2021 forming a support zone. My...
POTX as shown on the 30 minute chart is showing an ascending megaphone pattern, a reflection of increased volatility, The price is sitting on the lower megaphone support line and the RSI shows weakness. Green up arrows show each time the price has touched the support line it has reversed to the upside. The same for the RSI. I see this an an excellent swing...
As can be seen on the daily chart, MOS has broken out of a descending megaphone pattern into a good uptrend which rates 7/8 by Minervini trend analysis. The RSI indicator shows increasing strength as the RSI rises above its Ichimoku cloud. I see this as an excellent swing-long setup given the strong fundamentals of this fertilizer company in the face of the...