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Channelbreak

Amazon - Massive Resistance AheadHello Traders, welcome to today's analysis of Amazon. -------- Explanation of my video analysis: With the quite obvious and expected channel breakout in 2016, we saw a rally of more than 500% towards the upside on Amazon. This pump was followed by a retracement back to a previous support level before we saw another bullish reversal. If Amazon breaks back above the structure mentioned in the analysis, market behaviour is bullish and I will be looking for longs. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:AMZN
by basictradingtv
3
Buy AUDJPY Channel BreakoutBoJ not changing policy, intensified interest rate differential game: Comments from the country's monetary authorities suggest a new wave of pressure on the yen after three months of easing or ‘recharging’. With the Bank of Japan not changing policy, the yen is potentially under pressure from an intensified interest rate differential game. And this game promises to be more aggressive now than a year ago, as yield spreads between Japan and the US have widened for both short and long-term yields. The current higher interest rate environment is an opportunity for Japan to competitively devalue its currency to support national exporters, which it failed to do in the last decade in the era of zero interest rates. Price breaks the channel now, its good chance to buy now. Thank you
Long
by KABHI_FOREX_TRADING
6
Nvidia - Higher, Higher And HigherHello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: All the way back in 2014 Nvidia broke out of the long term symmetrical triangle formation and entered a crazy bullrun. With the current channel formation on Nvidia, there is a high chance this stock will push higher even more to retest the upper resistance mentioned in my analysis. From there I do expect a correction which could be similar to the one of 2022. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:NVDA
by basictradingtv
5
Navigating a Downward Channel: A Journey to Potential UpsideWelcome to a comprehensive breakdown of the IGR setup – a compelling narrative rooted in technical analysis that may uncover a path to potential gains. Check out the video, as I delve into the reasons underpinning my decision to hold a current position in IGR, while keeping risk management in this turbulent market in mind. Firstly, we explore the mechanics of a downward channel, often considered a bullish indicator, which is poised for an upside breakout after several touches against resistance. I'll guide you through my anticipation of the stock's trajectory towards a target, accompanied by a strategic management of entry and exit points. My approach combines a tight stop loss coupled with a keen eye on partial profit targets, ensuring a balanced risk management. However, the analysis doesn't stop with patterns. The setup also encompasses fundamental factors that add another layer of interest – notably the stock's consistent history of dividend payments through market upheavals, even during the 2008 crisis and the tumult of 2020. We ponder the implications of a sizeable estimated dividend yield that provides not only trade value but also potential for long-term holding as a dividend stock. Additionally, insider buying acts as a crucial signal in our evaluation, hinting at the confidence held by those with intimate knowledge of the stock’s inner workings. The final piece of our analytical puzzle extends to examining the weekly chart, revealing a pattern that suggests bullish sentiment, supported by a strong trend line dating back 16 years – an invaluable insight for those studying long-term support levels. Remember, the choices traders make must be informed by rigorous research and consultation with financial advisors where necessary. This exploration is intended for educational purposes, offering a peek into the strategic thinking that informs intelligent trading decisions.
NYSE:IGRLong
by AcornWealthCorp
EURUSD|The probability of breaking the support zoneHello friends, I hope you are doing well, let's go to the popular currency pair EURUSD. In EURUSD, the selling pressure seems to be more, we can understand this from the powerful candles, broken trends. For this reason, short positions have a higher winning percentage. By reaching the supply area (1.1015), we can enter a sell position with confirmation until the price (1.90). In the future, if it can break the demand area, we expect the price of 1.080 to continue falling
Short
by Golden_Star1994
1
Sell EURJPY Channel Breakout1. European underperformance relative to the US should weigh on the shared currency. 2. The Japanese currency was a significant underperformer during the global tightening phase, and so we believe the currency can become a significant outperformer during the global easing phase. 3. A likely hawkish monetary policy shift from the Bank of Japan later this year, combined with a weak US economy and lower US interest rates next year, should see the Yen strengthen Thank you
Short
by KABHI_FOREX_TRADING
4
S&P Situation: A Deep Dive into the Head and Shoulder Pattern! Johnny Seville here with your daily dose of Smart Money Trading insights. Today, we're dissecting the S&P situation – specifically, the potential short-term head and shoulder pattern that's been developing. Intriguing, right? Let's get into it! The S&P has been giving off some fascinating signals lately. **We've fallen off the 2022 high and are now potentially developing a head and shoulder pattern**. It's not a guarantee, but it's a likely shape we're keeping a close eye on. So what would happen if this pattern played out? Let's draw it out. If we measure from the top of the head down to the neckline and then duplicate that below the breakdown line, we land exactly where the 50-day simple moving average is. This adds some probability to the pattern. **However, caution is key here.** We don't want to get drawn into any rally until this pattern is either over or disproven. So for now, we're keeping a close eye on the situation, ready to adjust our strategy based on the evolving data.
FX:SPX500
by AcornWealthCorp
GOLD|They are still the winners of the seller's marketAs we expected from gold, when we said that the selling pressure is more, it crossed the 2048 support area with great strength, in this area we did not have a suitable candle confirmation to enter the transaction. Arriving at the next support area that we mentioned before, by observing the pin bar candle Ascending in the price area of 2033, we could enter into buy transactions, which has already given us 160 pips of profit. Continuing the movement with the growth experienced from the support area, I am still waiting for the price to reach the resistance areas to enter sell trades, the most important area ahead is the midline of the descending channel that has already been broken and the supply area price 2055. In case of reactions Returning from this area, as I said, we can place up to the price of 2035 equivalent to 200 pips for the profit limit.
OANDA:XAUUSDShort
by Golden_Star1994
As Expected, We Have Our Pullback! Now We Watch This Closely.Traders, As predicted a few weeks ago, altcoins have finally met their downside target of 10-15% (see links to related ideas). But this move down will not confirm further downside unless/until we have confirmation to the underside of our current channel. We have to watch that bottom support closely along with the support on our RSI chart. Should one of them break and the price remain on the underside tomorrow through Friday, this can be further indication that more pullback may occur. This is the healthy correction that I have been waiting patiently for and I am glad to see it. Stay tuned. Stewdamus
CRYPTOCAP:TOTAL2
by stewdamus
Potential Short on USDJPY With the first trade working out on the USDJPY with the move from resistance of the top of the channel to the bottom with bearish RSI divergence its now setting up for another move to the downside with a break of the upward channel. For the second trade I am now looking for a retest of the break, there is some very good support with two trendlines converging @146.30 I will be looking for a rejection at this level and taking a entry with a stoploss at last swing high. Will be looking for a take profit at next resistance zone at around 138.00, it could be a bigger measured move with the channel pattern @131.00 so will use a trailing stop or move stoploss to last swing high if it gets to fist target area and update this idea if needed. Move SL to BE when safe to do so and good luck.
Short
by jason_rpprt
2
KAS Trading the Ascending Channel: A Liquidity Game !🚀🚀 In the bustling world of crypto trading, KAS has caught the attention of many as it gracefully maneuvers within the confines of an ascending channel. While the upper boundary may seem like a resistant force, a closer look reveals a nuanced interplay of liquidity dynamics that could potentially propel KAS into a parabolic ascent. Chart Analysis: The Ascending Channel Dance Ascending Channel Dynamics: KAS has been gracefully traversing within the confines of an ascending channel, characterized by higher highs and higher lows. Traders are observing closely, especially as price action reaches the upper boundary of the channel. Liquidity Pools and Trading Sentiment: The upper boundary of the channel serves as a zone of interest for both bulls and bears. Many traders attempt to short as the price hits the upper limit, expecting a pullback. However, the real game might be played around the liquidity pool created by stop-loss orders just above the upper border. Anticipated Scenarios: Charting the Course Ahead Parabolic Surge Scenario: If KAS defies the expectations of short-sellers and surges beyond the upper boundary, triggering stop-loss orders, a parabolic rally might ensue. This could be fueled by a cascade of liquidations and FOMO (Fear of Missing Out) buying. Retest and Rally Scenario: Alternatively, KAS might undergo a retest of the lower boundary before launching a robust upward move. A successful retest could provide a strong foundation for a sustained bullish trend. Strategic Approaches: Navigating the Channel Short-Term Caution: Short-term traders should exercise caution when attempting to short at the upper boundary, considering the potential for unexpected upward movements. Long-Term Optimism: Long-term investors might find value in assessing the overall trend and considering potential accumulation opportunities during retests. Conclusion: Navigating the Liquidity Game As KAS dances within the ascending channel, traders find themselves at the intersection of technical analysis and liquidity dynamics. The upper boundary serves not only as a technical resistance but also as a stage for a liquidity game that could dictate the trajectory of KAS in the coming weeks. 🔄 Riding the Channel Waves | 🚀 Unlocking Liquidity Dynamics | 🔄 Navigating the Ascendancy ❗See related ideas below❗ Share your insights on KAS's ascending channel and contribute to the collaborative analysis, enhancing our collective understanding of this intriguing digital asset. 💚📈💚
Long
by Yaroslav_Krasko
Very critical area for Silver Silver is currently at a critical juncture, and a breakout above this resistance could lead to a rapid shift in the overall market sentiment. It's essential to note that we are analyzing a daily chart featuring a bearish channel. In the event of a bullish breakout, the price target would be the width of this daily channel. Given the high correlation between silver and gold, we may anticipate a similar behavior in gold. Considering that both gold and silver are often considered risky assets, particularly gold, if they are poised for such a movement, it suggests there might be a significant news release providing the necessary momentum for a breakout above this crucial resistance. However, it's crucial to remain cautious, as any breakout without substantial news support could be deemed a false breakout, potentially leading to a reversal.
TVC:SILVER
by mohemati
1
🚀 DOGE: From Memes to Moonshots! 🌕DogeCoin (DOGE) has transcended its meme origins, showcasing resilience by trading at elevated levels compared to its historical lows. The chart narrative unfolds within a descending channel, a setting that historically paves the way for intriguing price action. Let's delve into the DOGE dynamics, balancing on the edge of a potential bullish breakout. Chart Analysis: DOGE's Ascent Above the Norm DOGE, the crypto that began as a meme, is now positioned in a noteworthy range relative to its historical performance. The elevation from its lows signals a bullish undertone, catching the attention of traders. The current downward channel sets the stage for a unique interplay of liquidity dynamics, often observed in breakout scenarios. Anticipated Move: Aiming for the Stars with the Three Drives Pattern As DOGE navigates the descending channel, the prospect of a Three Drives Pattern emerges. This pattern, characterized by a sequence of higher lows, hints at an upcoming breakout. Each descent into the lower boundary leaves a trail of liquidity, setting the stage for a potential bullish surge that could propel DOGE to new heights. Trading Strategy: Charting the Course for DOGE's Moonshot For traders eyeing DOGE, the heightened levels combined with the descending channel present an intriguing setup. The Three Drives Pattern adds a layer of anticipation, making strategic entry points pivotal for those aiming to ride the potential moonshot. Vigilance during the upcoming price action is key to capitalizing on DOGE's transformative journey. Conclusion: DOGE's Evolution Continues DOGE's trajectory, from meme coin to an elevated trading range, suggests a narrative beyond its cultural origins. As the Three Drives Pattern hints at a potential breakout, traders prepare for a journey that could see DOGE reaching for the stars. 🚀 DOGE Analysis | 📈 From Memes to Moonshots | 🌕 Three Drives Pattern ❗See related ideas below❗ What are your thoughts on DOGE's evolving story? Share your predictions, strategies, and moonshot expectations in the comments! The DOGE journey continues, and your insights add to the vibrant narrative. 🚀🌕💚
Long
by Yaroslav_Krasko
1
#AUDJPY buying opportunityLet's take a look at the AUDJPY 4-hour timeframe chart and explore the potential buying opportunity in this pair. Price yesterday successfully broke above the short-term bearish channel, aligning with the higher timeframe market structure, which adds to the possibility of the price intending to move higher. Currently, the price is situated at today's Pivot area, which has been providing support since this morning. Additionally, we are above the 1-hour, 30-minute, and 15-minute EMAs (Exponential Moving Averages) of 200, all of which together offer crucial support for the price. Moreover, this recent bearish move can be interpreted as a pullback to the broken channel line. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
6