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Channeltrend

WHEAT BULLISH SCENARIOWHEAT agriculture commodity will always be one of the most significant for the survival of the human race. Production, export, and import have been under heavy hits for the past 3 years, especially the past 11 months during the invasion of Ukraine. Ukraine is a major producer and exporter, as we follow the conflict we can easily determine that plays a significant factor in price speculations and it has been very fruitful for day threaders and short-term traders. On the 1hr chart, we can study 2 findings, resistance level at 800' an uptrend channel with a 50$-60$ volatility range. Bulls can pursue reaching that resistance and hope for a break. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
CBOT:ZW1!Long
by legacyFXofficial
AUDUSD possible long moveAN offers a really good long setup. The confluences are: 1.ascending channel 2.break and retest of S/R zone 3.daily AND weekly 50EMA laying on this level 4.61.8% fibs So we just need to see rejection candles at POI for entries. The only thing I don't like is the bearish momentum. The last daily candle is Marubozu candle, a very dominant candle sooo I'll be looking for STRONG 4H rejection candles or daily candle before jumping in longs! It could easily penetrate the zone, so be careful with entries.
Long
by JivkoXristov
2
NASDAQ 100 Futures short term goal Trend: Up trend. Although the market failed going up to the next channel, it's still in the up trend channel. Better not to do a counter trade. Symmetry: I use 12119 as a centerline for the symmetry. Let's look at a larger picture on the daily chart. 12119 is the key R/S line and also the 0.5 retracement line of prior swing from A to B, which I found meaningful most of the time. Below the centerline, the market is seen weaker; above the centerline, the market is seen stronger. Therefore, I will set my short-term price goal at 13485. What if the up trend channel broke? There are two situations. 1. The price is below the up trend channel but still above the centerline. → Uncertainties become more. Better wait for the price to be back to the channel or more clear signals to enter a trade. 2. The price drops even more below the centerline. → If the price drops below the center line, I see the symmetry broke. By then I will pay more attention to possible triangle forming. **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.
CME_MINI:NQ1!Long
by stock_adelie
NASDAQ 100 Futures for the week 1/23 to 1/27If the market wants to keep a healthy bullish trend, the excess oversold disruption in box 1 should be reflected with price action in box 2, outside of the yellow box. And if the level of prior high at 11727 holds as support upon retesting, we can set our target price at 12068. But if the prior high cannot hold, the market is likely to range. By then, it's safer to wait for the price to break the ranging zone. Otherwise there are too many uncertainties when the market has no specific direction. **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.
CME_MINI:NQ1!
by stock_adelie
NIFTYHello & welcome to this analysis In the monthly time frame a comparison between the period which happened between 2018 - 2020 and the current one from June 2022 till now suggests a lot of similarity in path. In the current scenario its taking support at the lower end of the channel and consolidating. if 17300 is held then it could resume its uptrend for the upper end of the channel. Do note this is a monthly time frame outlook and not for short term derivative swing / breakout trading. Best wishes on your investing/trading.
NSE:NIFTY1!Long
by Dinesh_C_Nagpal
1
NIO: The Most Important Support is Here! 👇• NIO is still in a long-term bear trend, however, it is doing an important reaction this week; • It is confirming a bottom sign, just above the support at $9.40 (Support in Oct 2022, and Gap from Jul 2020); • Only if it loses the $9.40 I see NIO seeking the purple line below the price, maybe even the $5.70 (Jan 2020 top level); • However, the recent reaction might jeopardize a bearish sentiment, at least for now. It all depends on how it’ll react in the daily chart: • Yes, NIO triggered a Bearish Flag, and as far as I know, it is just doing a pullback to the lower purple line again, before another drop; • If NIO enters the Flag area again, and does a clear bullish structure, it’ll most likely frustrate this bearish pattern, and seek the next resistance in the weekly chart, which could be either the 21 ema or the upper trend line; • Either way, NIO looks promising. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
2
EUR/USD in a lovely rangeThe algorithm has found an interesting pattern in EUR/USD. Red in chart After the break of the previous channel the price has corrected a 61,8%, the fibo level but this is also the previous zone of supports and resistances. If that's not enough, it's also the last level with accumulated volume, if we move to 1,08 the volume disappears which would be the perfect storm for a rally until the zone of 1,12 where we should expect offer again. Green in chart To see the rally to 1,12, a fast break of 1,08 must occur. So having enyrty postitions over 1,08 could be an interesting strategy with a good risk reward ratio. Blue in chart The model predicted this area as a key level to stop rallying due to multiple reasons: 1. Prior supports and resistances. 2. High volume accumulation, meaning that offer is probably waiting here. 3. 61,8% fibo level. 4. High band of the new uptrend channel. After this lateral market started dec 15, the break could firstly occur in the downside, breaking the support of 1,06. If this occurs a small double top pattern would be confirmed and we should see the price to 1,04 soon. This level would be key to see if we are still in a lateral correction of this uptrend.
by All_ChartPatterns
NASDAQ 100 Futures for the week 1/9 to 1/13An update for the previous post. Just be careful of one thing... When the resistance is too obvious (the kind that everyone can see and is waiting for the same opportunity), the market is likely to shake some people out of the boat first. So it's safer to wait for the market to re-test the support (resistance turn support) after the breakout. **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.
CME_MINI:NQ1!
by stock_adelie