The price movement with each channel is extremely similar This leads me to the conclusion that price action following the channel end may also be similar Price action after the first up channel was very bearish , therefore I can assume after the second up channel bearish movement can be considered This is regardless of the channel being above or below the Major...
BTC and TXN share very similar non log charts However BTC is slightly ahead of TXN , from this we can draw possible price movement for TXN from BTCUSD Price action is pasted in red See how it plays out
A cup and handle pattern showing the bull potential on this daily chart for GOLD
NOW has developed a strong trend line on the daily timeframe it is quite above this line right now (solid white line) It has broken now below the dotted ascending white line, so I am assuming price decline will decline to the strong major trend line Three bottoms along this line will be in red circles
MRK has seen strong bullish movement in the past, right now it is in recovery phases of its last bearish move This can be compared to an earlier phase in price development (in rectangle boxes) Once this recovery is completed strong bullish movement should ensue, pushing price above the trend line in white 50MA is in white
Green leading to Red top repeating The initial red top is in the same position of the second green bottom, this is what the horizontal lines are used for This pattern could continue, but for now we are just focused on the bearish wave currently being experienced from the red top Almost like a Zebra pattern (green and red though instead of white and black)
Long term chart for RTX showing two distinct channels A large ascending triangle structure can be seen in the first to lead to the first channel breakout The second is a inverted H&S structure which will lead to the break out of the second channel breakout which extends back to year 2000
A larger Inverse H&S followed by a smaller H&S . The smaller H&S head is the larger H&S's right shoulder. both preceded by a period of sideways activity, this is reflected with the red hammer icon Price should form a right shoulder and recover nicely within dotted line and the solid white line
Dominant Trendline intact, currently being tested by price Trend line will most likely hodl and lead to new highs as it extends a long way back An ascending channel and rising wedge can be identified within this weekly chart
IPG has broken out of a similar rounded pattern that was seen earlier in the price evolutions history (~1970's) Post break out price led a strong bull run If this repeats we are in for a nice bull run in the next years for IPG, indicated by the rocket emoji
Weekly timeframe showing some similar positions above the uptrend line I am using this comparability to predict future price movement Uptrend will very likely hodl, as it extends back to ~1970's
Similar positions in grey circles These circles are preceded by similar patterns Uptrend should stay intact on this weekly timeframe and continuation result
LRCX on the Monthly chart has shown a prime example of an Ascending Triangle, with bullish results Chart pattern educational post
LRCX on the Monthly chart has shown a prime example of an Ascending Triangle, with bullish results Chart pattern educational post
A break out of the downward broadening formation The upper band of this formation can be now seen as a support This is where I expect price to recover, as indicated by the arrow and curved line The green up line will be maintained
Fib waves idea linking relevant information about my idea below Similar areas are within corresponding colors
A slight falling wedge can be drawn on chart as price slightly moves out of the bottom of the channel The arrow indicates a return back to the channel which is what I think will occur Falling Wedge patterns often end up with a bullish result