SPX Breakout or Reversal?SPX had been respecting an upward channel since the October 22 lows. It has reached the top of that channel again. Time to correct or breakout?
Channeltrend
XTZ - Channeling A Way Through Resistance XTZ, as with the rest of the market, is running due to the court catalysts that i've been posting about all month. 🫡
Recently, after the sell off, the price action has been forming a channel uptrend.
I will publish this on the 4 hour and one day so that the price action is easier to track.
In the near term, price is likely to see some profit taking over the next 4-12 hours, and then we'll likely rebound from the support platform to retest the resistance.
Bitcoin Patterns Bitcoin hasn't done much recently. Price holding well around the 30k mark.
However personally I believe we are due a retrace, especially at these levels (see my other tradingview posts)
The thick blue downtrending line is a longterm support/resistance from last bullmarket. Struggling to close a daily candle above.
Shortterm.
I'm looking at a traingle pattern (white) has a higher chance of breaking to the upside.
The downtrending parralel channel (yellow) is also reacting rather nicely.
I will try and update once we breakout.
NOT FINACIAL ADVICE.
DR REDDY channel.DR REDDY has been trading cleanly in a channel. Price takes support at the bottom and gets rejected at the top. Will it face rejection again or breakout of the the channel this time?
Nasdaq for the coming week (7/10)
Channel
- There’s a clear uptrend channel.
Symmetrical projection: An uptrend N pattern
- By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C.
- As the expected symmetric pullback to E did not occur, I anticipate a further 100% extension from D to F ($16733). The target price level aligns with the historical high level, adding significance to the target price.
Resistance levels on the way
- The price range from $15340 to $15360 is a crucial resistance level zone, as it aligns with multiple key Fibonacci levels.
The 0.786 Fibonacci retracement level of the entire downtrend from point X to point A'.
The 1.5 Fibonacci extension level from point Y to point A'.
- $16216 could serve as another potential target if we apply a more conservative initial swing from Orange point A to point B.
Support/ Defence level for bulls
- The prior low at $14250 is a key support level that shouldn't be broken, otherwise, the bullish momentum will be difficult to sustain.
- In addition to being level D, the level aligns with two critical Fibonacci levels, further enhancing its significance.
The 0.618 Fibonacci retracement level of the entire downtrend from point X to point A’.
Assuming the current high marks the end of the uptrend, the 0.236 Fibonacci retracement level of the uptrend from point A’ to point Z perfectly aligns with the prior low level.
Key points on the chart.
**Not Financial Advice**
The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
EURNZD I Short to middle of channelWelcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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📈 $AAVE Spotting a Triple Bottom within a Downward Channel! 🔍EURONEXT:AAVE has caught our attention with a compelling price pattern - a triple bottom formation within a downsloping channel. 📉⚖️ This setup presents an intriguing opportunity for traders!
The triple bottom, characterized by three distinct lows, suggests a potential bullish reversal. Combined with the downsloping channel, it adds an interesting dynamic to the price action. 📈🔄
Will EURONEXT:AAVE break out of the channel and embark on a bullish rally? Or will it face resistance and continue its downward trajectory? Join the discussion! 📊💬
#AAVE #TechnicalAnalysis #TripleBottom #DownslopingChannel #BullishReversal #TradingOpportunity #TradingView"
Remember, technical analysis is just one piece of the puzzle. Always conduct thorough research and practice risk management. Happy trading! 🚀💰
BTC is drawing the downtrend channel again
1H
- Currently, the BTC is very bullish, so it cannot go down much and is taking a side step instead of adjusting. We've faced short-term downward trendline resistance, and we'll probably go down a little and then break through again.
📉 Downward Channel & Weekly Bullish Divergence on $AXSHey traders! Today, I want to discuss an intriguing chart pattern I've identified on NYSE:AXS (Axie Infinity). Let's explore the downsloping channel accompanied by weekly bullish divergence and assess its implications for potential price action. 📊💡
Pattern: Downward Channel & Weekly Bullish Divergence 📉🔽
Symbol: NYSE:AXS 💰
Overview:
A downsloping channel is a notable chart pattern characterized by a series of lower highs and lower lows. Additionally, the presence of weekly bullish divergence further strengthens the potential for a reversal. Let's delve into the downsloping channel and bullish divergence on NYSE:AXS in more detail. ⚡💹
Key Features of the Downward Channel & Weekly Bullish Divergence on NYSE:AXS :
Channel Formation: Observe the well-defined downsloping channel, which consists of a series of lower highs and lower lows. This indicates a prevailing bearish trend. 📈📉
Weekly Bullish Divergence: Notice the bullish divergence forming on the weekly timeframe, where price creates a lower low while the corresponding oscillator indicator forms a higher low. This suggests a potential shift in momentum. 🚀📈
Trading Strategy:
Entry Point: Consider entering a position once NYSE:AXS breaks out above the upper trendline of the downsloping channel, supported by the confirmation of bullish price action and the weekly bullish divergence. This breakout could signal a potential trend reversal and the start of an upward move. ⬆️💰
Stop-Loss: Implement a stop-loss order below the recent swing low or below the lower trendline of the channel to manage risk and protect against potential downside. ⛔️📉
Target Levels: Identify key resistance levels or previous swing highs as profit targets. Adjust your position size and take profits accordingly. 🎯📈
Risk Management:
Maintain proper risk management techniques, including position sizing, setting stop-loss orders, and adhering to your trading plan. Be aware of the risks associated with trading cryptocurrencies like $AXS. ⚠️💼💡
Disclaimer: Trading cryptocurrencies involves risks, and it is crucial to conduct thorough analysis and seek professional advice before making any investment decisions.
#DownslopingChannel #BullishDivergence #AXS #AxieInfinity #Cryptocurrency #TrendReversal #TradingStrategy #TechnicalAnalysis
In conclusion, the downsloping channel and weekly bullish divergence identified on NYSE:AXS indicate a potential reversal in the making. However, wait for a confirmed breakout above the upper trendline and validate the bullish price action before considering any trades. Stay tuned for further updates on $AXS! 💹🚀
(Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
Long post on goldHello, my dear friends, as in the previous tutorials about channel strategy and moving average. at this point of time is $1,914 per ounce of gold, and as you can see in the chart, in the area of 1895-1900, we have overlapping support from the channel and moving 20 in weekly time. I will take a long position in gold at the price of 1,895. I wanted to share this idea with you with a maximum of 15 dollars and target above 2075, and I would be grateful if you could give me a suggestion or criticism about this idea or strategy.
AUDUSD BUYING Trade Setup H1At the moment, AUD/USD is trading at 0.6759. According to my limited knowledge, if it goes down, it will reach the support line of the channel. After that, it will move towards the resistance of the channel, and then there will be a breakout of the channel. After retesting, it will continue to move upwards.
Disclaimer: The information provided is for general informational purposes only and should not be considered as professional advice. Use at your own risk.
Tcs is being in a channel from past few days Tcs is being in a channel from past few days If tommorow market open flat and breaks the channel pattern either side we can take a trade
EURNZD H4 | Market ViewThere is a potential for a bearish pullback in price, which could lead to a movement towards the support level at 1.72500 in the upcoming period.
GBPAUD I The best areas to trade right nowWelcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Sell GBPJPY | Many ConfirmationsHello everyone, there is a great opportunity to sell GBPJPY. We have identified a strong order block on the 4-hour timeframe, along with a significant resistance level on the RSI indicator. Additionally, there is divergence present, further supporting the bearish view. Remember to prioritize risk management in your trading strategy, and best of luck with your trades.
📉XAUUSD 4H Setup before FOMC meeting📈OANDA:XAUUSD
FOREXCOM:XAUUSD
Gold analytical series, Episode 16
Hello Traders, checkout my previous ideas.
Gold can move towards $1977-1999 after reaching the $1955 range.
In the next meeting of the FOMC, if the interest rate increases by another step, according to traders' expectations, the possibility of an increase in interest rates can bring down gold to the levels of 1939 to 1932 dollars.
Don't forget to risk-free your positions.
Please share ideas and leave a comment,
Let me know what's your idea.
CrazyS✌
ROK Uptrend Rectangle pattern weekly chart, ~ BreakoutNYSE:ROK Uptrend Rectangle pattern weekly chart,Above KMAs, Last 4 constructive Candlesticks, Around Breakout (pivot point ~305.5), it's need which i think 309
Pivot point: ~305.5
confirmation entry point: 309
Stop loss: 288.3 (6.7%)
Target: ~ 350 (13.5%)
KBE ( in top of ascending channel ) is ready to shortKBE on the one-hour chart has been in a rising parallel channel for a month. It is now near the
the top of the channel having pivoted within the past few trading sessions. The MACD which is
no lag shows a line cross above the histogram while the RSI is topped out as it was on May 23rd
the most recent previous pivot downward. I see this as a short setup. The stop loss is at
the recent pivot high while the target is $35.15 at the bottom of the channel and somewhat
confluent with the POC line of the volume profile which is a natural bounce and reversal
value. I would also short the banks by going long on BNKD which adds the extra risk and
potential reward of leverage ( see that idea)
HOOKUSDT → trigger for buy or sellHOOKUSDT currency has the potential to buy or sell and enter this currency due to approaching the proof range (green range) which is its strong support range.
- The middle of the downward channel shown in the 15-minute time frame is important for us because the history of the chart of this currency clarifies this issue for us. From this, we can conclude that the middle channel is a dynamic line for us, and we can open a buy or sell deal on this currency in case of failure.
- The strategy that gives us a trigger in addition to the middle channel is the RSI, where we see a divergence in the current price and, in a way, an entry trigger.
- The targets of this currency are shown with a flag symbol, and the stop loss is also in the green range
Regards SadyCrypt!
EURAUD 4Hrs Trend channel +190 PIPTimeframe: 4 Hours
Long Day Trading Position
Initial Take Profit : 1.6183 to the channel middle point
2nd TP: 1.6238 (to the high volume node of the volume profile)
SL: 1.593 (breaking the trend channel)
The pair is in a bearish tunnel for more than a month, and now in the trend channel's bottom, and has a high potential to go up again during the next few days↑.
↝✔
Esteem your Analysis and seek improvements ⌁
@AbdullahTech ♾✽
June23 ↝✔ Keep an eye on the next price journey ;)
Time to make profit on USDJPYhi every one
complete pullback to the trendline with 4% profit Potential
The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisio
EURUSD I Weekly forecast and swing trade opportunityWelcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Weak Euro - War between central banks!FOREXCOM:EURUSD is under sell pressure. Germany is officially in recession. Inflation numbers came short in both Spain and Germany. These are signs for interest rates in eurozone is slowing down the economy and at some point ECB needs to stop increasing interest rates, which would make euro weaker. In contrast to this, job openings and GDP numbers came positive for the US economy. This is increasing the hand of FED for further rate hikes. All these fundamentals are pushing FOREXCOM:EURUSD lower.
TA shows that the price is following the down channel. The channel support and pivotal point supports (both monthly and quarterly) are around 1.05-1.053 zone. We will watch if that area holds or not for a long opportunity.
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
