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...
********************MEGAPHONE PATTERN******************** This is a personalized analysis based on trends, strength of drives and potential moves.
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...
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...
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Hi dear community. I'm looking at weekly timeframe. As you see there is a huge megaphone bullish chart pattern on BTC chart, its target I published on my previous analyses. I think the recent dump to 15.5K is a fake breakdown/bear trap/ with double bottom + RSI bullish divergence like 2021 November top, which was a false breakout/bull trap/ with double top+ RSI...
I'm looking at weekly timeframe. As you noticed BTC formed bullish megaphone pattern with 80-85K target by Q2 2023. BTW there is also falling wedge pattern inside megaphone pattern which increases bullish case scenario. King of crypto broke weekly RSI trendline which is historical for BTC. At the moment BTC has broken weekly descending triangle with 24-25K target,...
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...
Bearish megaphone forming here for WBD. Look for a breakout below 12.23 Possible move down to 11.50 followed by a move to 10.50 support Set stop loss around 13.53 swing high This is not financial advice. Good luck!
NASDAQ:COIN COIN downrended from November 2021 to later July loosing 85% of its price along the way. Having completed its reversal, it is now up trending in a megaphone pattern reflecting increasing volatility. Relative volume has increased. I have plotted in mid-Fibonacci levels. I see this as a swing long setup, and will take the trade setting up 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...
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 ...
MATIC log weekly chart shows that we are in W4 now or finished with W4. Inside a mega bull mega phone pattern with the bottom TL showing .08c as a capitulation target that would only get tested if BTC nukes to $7k & top TL around $39 which also seem very unlikely. Most likely wave 4 is finishing up and we can extrapolate W1 to overlay the coming 5th wave target...
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
All details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts. Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only educational purposes and not a trading recommendation.
Hi Traders, Unity being (one of the) wheels for an upcoming VR&AR revolution, this stock might be trading around 3x to it's current price in few years (maybe next). An expanding triangle (megaphone) pattern suggests we are at the lower band now which is a good entry for buying opportunity. We might see some pressure at 160-170 which is 61,8 FIB and a DEC...
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