Breakdown
$USO ETF Ascending Triangle Pattern$USO (United States Oil ETF) is currently in a Ascending Triangle Pattern and is near a breakout/breakdown point.
Upside Breakout Target: $33 to $34.
Downside Breakdown Target: $24.50 to $23.50.
Large Volume is needed to confirm the breakout or breakdown.
*CADCHF* trend continuationi expect a breakdown from the minor zone before a small retest and a signaling bar example(3 bar reversal or bearish engulfing ) before making an entry for the continuation of the trend
USDCAD | WEEKLY FORECASTAs the Greenback appears to be losing steam across major pairs; A Breakdown of our Key level (1.35500) last week is a significant Bearish signal for us.
Tendency: Downtrend ( Bearish )
Structure: Break-down | Support & Resistance
Observation: i. . 786 retracement of the most recent Bearish Impulse leg culminates at 1.37000 followed by a Bearish momentum.
ii. The Bearish momentum which started last week finally breaks our key level @ 1.35500 which also coincides with a Breakdown of our Bullish Trend .
iii . Expecting a further rally to the downside in the following week(s) with a 1.414 extension target.
Trading plan: SELL confirmation with a minimum potential profit of 350 pips.
Risk/Reward: 1:3
Potential Duration: 4 to 8 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Nirvana! Forex
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published byme for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
NFT&I does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
NFLX (Netflix): Possible H&S PatternNFLX (Netflix) is developing a potential Head & Shoulders price pattern, on the daily chart.
Neckline Support in red is approximately $405 to $408 range.
Downside breakdown target would be -13%, or approximately $355 range.
If the H&S fails, NFLX would need to breakout above $444 and $459 to continue the uptrend.
FVRR (Fiverr): Possible H&S PatternFVRR (Fiverr) is developing a potential Head & Shoulders price pattern, on the daily chart.
Neckline Support in red is approximately 60.27.
Downside breakdown target would be -14.6%, or 51.48.
If the H&S fails, FVRR price would need to breakout above 66.39, 70.47, and 73.57 to continue the uptrend.
AMC: News Reaction PlayAMC (AMC Entertainment Holdings) is currently testing support and has been in a daily uptrend.
If support holds, a higher-high price level could be targeted in the 6.50 to 7.00 range.
If support fails, a lower-low price level could be targeted in the 5.00 to 4.50 range.
Resistance levels: 6.29, 6.50, 6.83, 7.00, 7.35.
Support levels: 5.40, 5.00, 4.50, 4.00, 3.83.
$AMC - Tale of Two TargetsAMC (AMC Entertainment Holdings) is currently testing support and has been in a daily uptrend.
If support holds, a higher-high price level could be targeted in the 6.50 to 7.00 range.
If support fails, a lower-low price level could be targeted in the 5.00 to 4.50 range.
Resistance levels: 6.29, 6.50, 6.83, 7.00, 7.35.
Support levels: 5.40, 5.00, 4.50, 4.00, 3.83.
Nasdaq reversed back up above trend line. Stay flexibleTrend line reclaimed within 2days of breakdown. Bull market sign but expect volatility, be sure to respond to market direction and don’t hold on to predictions for long if proven wrong by market.
ICICI BANK TECHNICAL ANALYSISICICI BANK Has formed triangle pattern. Watch the levels marked on the graph.
Trade with your knowledge for profits.
*USDJPY* BREAKDOWN ANALYSEi would wait for the price to Breakdown the Nearest zone below and wait for a Retest with either a Bearish engulf or 3 Bar reversal before having an entry as that would allow me to have a more than 50% chance that the price go down.Let me know what yall think!
*EURCHF* breakdown retest entryi would wait for either 3 bar reversal or at least an bearish engulfing before getting an entry,i didn't analyse too much but if there an bear engulfing or 3 bar reversal then it should be a continuation of the bear trend since there is already an lower close.the extension of tp is base off the swing distance to the support zone. LEt me know what yall think
ETHUSD 1D Breakdown -- SHORTHere we have the ETHUSD Pair, on the daily candlestick chart.
As you can see, the 50 EMA on this timeframe, which has previously acted as support has broken down.
Short term target should be the 100 EMA, which should also be the bottom of the BB. This should act as support at that time.
Farewell fellow traders, be kind to each other,
-Vanilladelphia.eth
Market likely to go down or pause for a whileNasdaq broke the initial trendline, struggled to get above it last week and now broke below the secondary trend line.
Likely to see lower prices or at least pause and consolidate for a while.
Manage risk position and risk exposure accordingly.
$ROKU Head and Shoulders , Possible Collapse Under TrendlineROKU has been rocketing, It may be time for a break. Looking for breakdown of green support trendline. Lower high today at the same level as the neckline of a possible head and shoulders forming after the last few days.
EURNZDWe have a very strong bearish momentum at this pair since last week. And by the end of the day till tomorrow we can expect a possible dropp finally here. We can check at daily candle how strong is this rejection and confirmation for the down side.
Long-term downtrend in DCRNow a long-term downward trend. The price is still within this trend. Also below MA 200.
If the trend changes, then the price may rise significantly.
However, now on the chart we are observing the pattern of the descending triangle. When breaking through the base of a triangle
the price often drops to the height of the triangle.
I want to believe that we can break the downtrend in the near future. But at the moment this is not so obvious.
In a negative scenario, the price may fall to 3-2 $.
AMS - Potential 50% dropPrice made an attempt to break out of the long term down trend but was rejected off of the down trendline back down to support at 0.49 with heavy volume, if the support at current levels breaks there could be a retest of March lows and perhaps lower lows. A short entry at 0.43 could be a valid entry point, one to watch for the meantime.
Playing intraday high and low breakoutsThis seems like a decent strategy that may give you a quick/small stop out, or a long ride. Potential to add to trades as each level is breached. Indicators used are: new intraday high/low (green and red dotted lines) and midpoint (white solid line). The idea is to place an order in the same direction as the breakout (high or low), with a few points as a target, and a break even, or small loss, stop. It appears to present many times through out the day, allowing for many opportunities.
CADCHF & AUDJPY TRADE BREAKDOWNChart Slayer breaks down 2 of the trades he took this week and how he managed it. Enjoy! Hope you have a great trading next week.
EMA-cross trend analysisWhen the 20ema crosses below or above the 50ema, it has been an amazing signal in trend reversals.
Creating the strategy on your own is very easy to build and follow.
The inverse of the TLT is TBT; which could prove to be interesting if we continue to see interest rates tick higher.
Important to note, that the Bull-cross has been much more indicative than the Bear-cross in the past.
