You can see the Monthly charts of "Reliance Power" compared against "Reliance Infra". I am not calling them "Twins" just because its from same "Reliance Group"
But I was flabbergasted to see the Exact Chart Structure - from Similar Timelines. Channel Breakdown - Recovery - Trading inside the Channel and now finally Breakout of Multiyear channel.
Amazing Duo -...
FNGU on the 4H chart is in a trend down within a parallel channel. The previous trend down
from the top of the channel to the bottom was 29% while the counter counter-trend up from
the bottom of channel to the top was 18% over 7 days. Presenly the trend down from the
upper channel is confirmed by the two RS lines near to the 50 level and the Awesome...
On this 4H chart- TMV the leverage bear Treasuries ETF has been trending up
in a parallel channel. AT present it bounced from the top of the channel and is
heading down to the bottom of the channel. It is there that I will trade long
where the bottom of the channel is confluent with the mean VWAP providing
an overlap of dynamic support. Near that same level is...
I've really started to like parallel channels a lot as part of very simple TA. On the daily or weekly charts in particular. It works pretty well for Bitcoin, it works especially well for stock indices, particularly SPX/SPY for longer term trends.
It's just an excellent visual of waning buying pressure as upwards price movement starts to fall out of an ascending...
BTCUSDT is trading in a ZIG-ZAG channeling formation, in which the actual price action is about to reverse from a micro A-B-C-D-E triangle to fill this parallel channel with the final bearish impulse wave.
This is the 6 month HA chart. We can see that Euro was in a parallel channel uptrend over most of its lifetime against US Dollar.
We've since had a parallel channel breakdown. Measured 1x and 1.5x targets for a parallel channel breakdown are on the chart.
Reminder, this is a long-term view, which could take quite a few years to complete, if valid. ...
This is one of my invented 15 minutes scalping method whenever I find the "Ascending Channel"
As you can see in the chart the point where price touches the resistance level of the channel (red arrow) is where to place a short or sell. While the point support level (green arrow) is the buy or long zone.
This point are not just picked randomly, they are selected...
BINANCE:XRPUSDT
The process after completing the pattern of the head and shoulders to the ceiling of the price channel
It has arrived and now we have to wait for the correction and after the correction
Continue on your way again but if you can not reach the roof of the canal
It will be possible to fall to the midline of the channel if it falls
If it is...
