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Channelbreak

Tesla-- bullish above the trend lineTesla has formed an upward sloping trend channel and is currently at the bottom of the channel. It's currently at a minor resistance level, so it could break the channel Monday. If it does, look for breach of the 203-205 support zone to confirm an oscillation down to support at 188, forming a triangle chart pattern. Alternatively, we could bounce off the bottom of the channel toward a stronger resistance zone at 220-223. This resistance zone repulsed Tesla's attempted move higher on June 11-12, so I'd expect a channel break here. The highest I think we go before breaking the channel is resistance at 230. Tesla is on track to deliver a record number of vehicles in June, which could work as a catalyst in its favor. On the other hand, it has massively negative earnings and horrible analyst ratings headed into a market downturn. Yesterday the US government denied its application for tariff relief, and this has been a year of bad personal publicity for Elon Musk. Personally I wouldn't buy Tesla; I'd just look for the optimal time to short.
NASDAQ:TSLAShort
by ChristopherCarrollSmith
2
This is why you suck at identifying Elliott Wave channelsIf you have read the holy bible of elliott waves, you would know that Elliott wave guidelines suggest that you: 1. draw a straight line from end of wave 1 to end of wave 3 2. draw a parallel line from the end of wave 2 (parallel to the line we made in 1.) 3.if end of wave 4 is not on this line, adjust projection for wave 5 by drawing a parallel line to the line connecting end of wave 4 to end of wave 2, at end of wave 3. 4. Extended may break the channel :) Note: there is no mention that the smaller waves within these waves have to be inside the channel. only the starting point and ending point are considered.
BITSTAMP:BTCUSDEducation
by RyanPal
WATCH FOR THE SILVER LINING IN THE CHNA-US TRADE WARCNN Business - The World is on a brink of a Trade War US impose tariffs on $50 Billion worth of Chinese Exports Chinese quickly outlined new import taxes on US Products worth $3 Billion Result is a drop in the Dollar Index Benefit of this is when Dollar drops precious metal pop Gold broke bullish out of descending wedge but too late to enter Silver has given us a candle close above this descending channel with increased volume Traders were bored with this descending channel chart pattern with decreasing volume bars Decreased ATR from smaller sized candle bars dropped volatility Trade War news brought bullish momentum to have a breakout candle close above channel trendline XAGUSD BUY STOP @ 14.77 Enter two orders Both SL at 1.5xATR 1st Trade TP 1xATR 2nd Trade no TP When 1st trade hits its TP move 2nd trades SL to breakeven Follow Price on 2nd trade with SL to let profits run
FX:XAUUSDLong
by Tradingstrategyguides
USD/JPY - Speculating a Breakout and an Idea of an Ideal trade.Currency Pair: USD/JPY Date: May 03, 2019 This is an application of the few rules I have learned about trading forex. - Support and Resistance - Pattern Trading - Price Action - Trends Some thought on this pair: The pair is kind of wedging up. It is creating a point of pressure in that price will have to either do one of three things. (1) Bounce (2) Break (3) Float These three things could happen in a combination kind of like a boxing combo. Or as simple as one. These 3 principles are relevant to price action at its current price and range. Keep a lookout for this pair. Whether I am correct or not I think in the next 140 days you will either catch a lot of pips trading a up/down - trend. Once the trend is established I know I will be on a lookout. Wish you luck in the ability to catch the opportunities while you can. Change the different timeframes to see the full technical analysis. Trading Journal Entry: 1 By: Austin S.
Short
by austinlmkc
BTC/USD: Swing-Setup! Chance to SELL the BREAKOUT and DT!Hey tradomaniacs, welcome to another free signal! Important: Market still a MESS. make sure to reduce your risk as good as possible! ----------------------------- Type: Swingtrade Sell-Stop : 4043,3 Stop-Loss: 4100 Target 1: 3944,9 Target 2: 3922,7 Targt 3: 116.495 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
BITFINEX:BTCUSDShort
by Trading2ez
Setting Up for a 2x, 3x, 4x (maybe more)Ramped up Volume - A consistent increase since the first week of January. This is somewhat hidden/deceiving due to the volume spike on the 26th of November. Heavily Suppressed - One of the few hidden gems to have a true break out since BTC's drop from the $6k support. Channel Breach - The channels established during BTC's early 2018 have been charted and have held very strong. REQ's price (sats) has not escaped from upward from these channels and the time seems to be nearing. Targets are marked in Bright Blue Incase of a BTC drop, I've marked Stop Loss in Red Dashes If 600 sats breaks, accumulation zone is marked Orange <--- CAUTION ---> I am a self proclaimed semi-amateur, novice, rookie Charter with little to NO TA experience! :D safe trading
by chris_haze
OMXH25 Longing opportunityI see a good chase to long here based just on TA, so dont take as investment advice. - OMXH25 has broken out of a falling wedge - It has broken out of the channel - While breaking out of the channel it formed a bull flag - MACD Bullish div supports further growth 2017 also saw a drop, but instead of a falling wedge it was a megaphone pattern with bull div and a bull flag. Speculative pattern would with the current info do the following: 3945 => 4065 => 3920 => 4400 => BIG DROP later in the future.
OMXHEX:OMXH25Long
by scilentor
USD/CAD a Bear in Sheep's Clothing The pair has had quite the week. Since January 2, the Canadian Dollar has been the best performing currency in the world. This comes even with the report of soft economic data on Friday. What surprised me the most was the fact that US non-farm payrolls crushed all expectations, yet the USD still weakened against the CAD. My only explanation is that there was a risk-on mood yesterday, as equities rallied amid the strong US data and news of potential US-China trade talks. The pair has now sunk below its channel support line from October. It will require further monitoring to see whether it reverts back to its trend or a new trend is forming. On January 1, I had written that the pair should break above 1.36440 before initiating a buy position, due to the resistance that was forming around that level. It never got above there in the new year, and that resistance seems to be the point of reversal in the most recent up-trend. I would advise a wait and see approach now, given that this down-trend may continue, and a new support has not yet formed.
by BinaryPairing
USD/CAD is a Breakout Occurring?Yesterday I wrote how USD/CAD broke above its nearly 3-month resistance channel line on Friday and the possibility of a new trend taking place. This morning USD/CAD actually traded in a narrow horizontal channel, stuck below the 1.3600 psychological resistance line and around 1.3566. That changed this afternoon, when a breakout above that 1.3600 resistance line occurred. It is now trading above 1.3600, and the previous 3-month resistance upwards channel trend that I mentioned yesterday, seems to be over. This could be the formation of a more bullish up-trend. I think some patience is required over the next two days (Christmas holiday tomorrow) to see if a new support line forms in an up-trend. The market today was testing whether the previous channel would hold, and it appears that it did not, so now we see what's next for the pair! I welcome any feedback or thoughts. This is a learning process for me and I hope to improve as time goes on!
Long
by BinaryPairing