TSLA as shown on the weekly chart has hit the top of a megaphone pattern ( increasing volatility) where it printed a Doji candle to demarcate a reversal while the relative strength topped out testing its Ichimoku Cloud but failing. The ADX has little magnitude ( distance from zero) nor rate of change ( momentum) and is now pointing downward. All in...
NASDAQ:TSLA TSLA on the 4 hour chart appears to be in a downtrending parallel channel and presently at the upper resistance boundary of the channel. This could also be a megaphone pattern as the channel is widening a bit as it descends. I see the horizontal resistance of February 2021 market high as resisting any breakout to higher prices. I see...
WKHS on the 2H chart is showing an ascending megaphone pattern. Price is currently sitting on the ascending support line and above the POC of the volume profile. The MACD lines are underneath the histogram while the RSI is in the mid-range. I see this as a swing long setup targetting first the top of the volume profile and then the upper resistance trendline ...
Just posting another update here on the SPY as it closed out the week with a hard rejection off of its 200-Day SMA & a significant RSI-Based supply level. Additionally, it would appear that a bearish megaphone is still playing out as it was simultaneously rejected off the upper trendline (See previous charts below). On top of this, a bearish butterfly harmonic...
NASDAQ:AAPL Apple has been in a megaphone pattern for the last month. It is now at a horizontal and trendline resistance similar to conditions on December 13, 2021. Relative Strength has been high over 80 for much of the month. The MACD signal is high over its histogram, and the K and D lines appear primed for a crossover. Both of these...
One should dream when he see things. Believe my friend !
heres my megaphone in a upward trend for tesla thinking it will peak with additional 125-175 dollars from now; then we can have fun with head and shoulders when the time is correct.
A large Megaphone structure is apparent on ROP This pattern has been continuing since 2013 Price will likely stay within this megaphone due to its age, meaning a move down on this 9H chart Long term however this pattern is very bullish
Hey everyone, today EURUSD is flirting with the 1.0000 lvl which is ultra important psychologically for investors and institutionals. Bearish momentum is strong since its been week that price fall, meaning we are in a bearish trend which give more consistency for this trade. Currently price is stagnating and forming a megaphone pattern which can lead price to...
FOLLOW, LIKE, AND COMMENT BELOW IF YOU APPRECIATE THIS CONTENT. THANK YOU BITCOIN Is in a clear Megaphone pattern. I believe the pattern is bullish and in continuation of the MACRO uptrend. On the fifth touch at around $80k at the end of this year we will see if Bitcoin can break through the top line of the megaphone and blast to $200k plus! This pattern...
This is purely speculation the fact it is following DXY. As you can see where ive pointed out BTC price roughly on DXY chart, then you can see the projection it has for the bull run while staying in this Bearish megaphone. Invalidation would be DXY{ consolidate then pump out of the pattern. It is likely we could see 20-19k before the pump. This week will be very...
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...
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...
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...
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
The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction
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...
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