A potential rising channel might form within the bigger descending channels (pattern within a pattern), the potential rising channel if completed to a touch by the top trendline will confirm a signal of price moving lower towards the 90% Rule. Price from there on might shoot upwards or continue to move lower.
Possible dates for the rising channel breakout and hitting the price point. Based on examining the last bull run rising channel breakout. Well, see if things will play out similar or not................. $134,000
The GBPJPY has been bouncing back & forth between structure with the most recent move being one back into a level of previous structure resistance.
At this level we also have a rising channel along with our RSI going overbought 7 showing bearish divergence.
Targets are taken using a combination of price action analysis, & Fibonacci tools.
If you have any...
Bitcoin has formed an ascending triangle within a rising channel on the hourly charts. The rising channel on its own gives me reason to expect a breakdown to the 61.8% or 50% retracement levels but the presence of the established ascending triangle has made this consolidation interesting. The development of this bullish signal leads me to believe that their is a...
On the chart, we can see a rising channel occurring for FSLR.
It has been ranging between the levels for almost 3 quarters.
We expect that the price will stay in the channel for a while.
You can buy at the lower boundary of the channel and exit at the resistance, which is the higher boundary of the channel.
Invalidation of this thesis would be if the price closes...
Price has broken the support area of a long term rising wedge.
Since the breakout it has retested the highs of the wedge making a double top pattern on the higher timeframes and currently making lower lows and lower highs.
The dxy is also showing weakness.
I expect this pair to fall through the day especially if the job openings reports show lower numbers than...
AMERICAN AIRLINES is a patient play for 2 reasons! If it breaks out this channel, we are looking for a retest and confirmation for the drop to continue with volume. Then if it bounces off the bottom and price heads to the top of the channel then we get a even better entry on this setup! Be patient and execute!
Bitcoin inside rising channel in 1Hr timeframe.
After breaking the massive falling wedge, retest was done today, now expecting another push
Send it to $50,000
On weekly timeframe we can see that both rising channel working good.
We seen that the support on the bottom channel already done twice last weeks.
RSI weekly is growing and ready to breakout!
MACD also showing week bears...
In my opinion in the next 18 Months we might see new ATH around $100,000
NSE:POWERINDIA Broke out of an ascending channel pattern. Price gave excellent momentum during breakout but it witnessed heavy selling pressure during market hours.
As a result, price left huge wick behind. Script should consolidate for some days before the next momentum candle because of the huge rejection at higher levels. Track closely.
Consider entering...
NSE:NEOGEN is consolidating in a rising channel pattern.
Price is at support of the channel. Good opportunity to buy and hold for big money.
Exponential move if price breaks out from this channel.
Place sl below the channel (below day's low)
Potential 1:10+ trade. Don't miss out!
Position size accordingly. Low risk high reward trade. HAPPY TRADING!
NSE:INDIACEM Broke out of a major expanding channel pattern.
Breakout candle is very bullish and volumes are heavy on the buy side.
Price is in a low volume consolidation mode in the form a rising channel pattern on hourly timeframe.
Momentum is expected to continue after the break of this pattern.
One can enter at C.M.P with entire position for 2:7 Risk...
Analysis is part technical and part fundamental.
NSE:PFC has been consolidating in a sideways uptrend for almost 13 years. Price has recently taken a rejection from this channel pattern in the month of October.
Going with the price action view, price should retrace all the way back to channel support, around 80-90 levels.
An established support at these...
Tvsmotor is trading in rising channel from last 10-12 trading sessions & it broke out of its rising channel with decent sort of volumes.
Could be bought with mentioned stop-loss & targets.
NSE:SAREGAMA broke out of rising channel pattern after a very strong bullish trend of 700% move and now looks ready to continue that momentum.
Price consolidated after breakout and one can enter entire position now at C.M.P of 5300 levels with a stoploss below the channel at 4400 levels.
Holding period for 1 month+
Targets- 6000/6500/7000+
Positional trade,...
Trading video taking a look at a price action pattern called the rising channel & a discussion on how supply & demand principles work in the market.
Your Trading Coach - Akil
