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Channeltrend

NQ - Tweezer BottomI posted on 7th July that there was a potential bullish divergene on the monthly chart of Nasdaq, and it has since come true. What is interesting is that we are now seeing a potential "tweezer bottom" on the monthly as well (both bullish). The daily chart has been trading within a rising channel. With FOMC out of the way, there is a good chance for NQ to reach 13000 in the near future. Has the market turned the corner for good after hitting a low of 11,000 on 16 June? We won't know for sure but I would be a bull rather than a bear in the near term. Watch for market reactions to earnings of the big boys (namely FAANG stocks and take the cue from there. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
TVC:NDQ
by Juliac
BTC dump and what to expectRight now there is panic due to America releasing the official statistics, BUT BTC is still the most stable thing on the market to invest into as some people say. I drew some price predictions and other stuff. The fixed volume shows the price that people most buy out BTC and I left the pivots there for you (Weekly). There is a technical flat for the last 1000 bars, but that's due to the fact that we are gathering the power for some huge price movement at the moment. For the indicator DM @Sadesguy
Long
by Sadesguy
AUDCHF I Swing Downwards 70+ pips Welcome back! Here's an analysis of this pair! **AUDCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
2
Gap Leading to Channel BreakWith the MACD and Stoch flashing signals of bullish divergence and a gap that has not been filled, it seems likely that MCHP is getting ready to test its channel upper bound. To reach the channel upper bound it must clear another previously two unfilled gaps, the 21EMA and 63EMA. We are also seeing a cross in the 21Mom, Stoch crossing over sold and the MACD preparing to cross its over sold. If todays close is above yesterdays we will also see the candle pattern Three White Soliders. Though this pattern tends to warn that the majority of the bullish move is over and waiting for a throwback might be wise.
NASDAQ:MCHPLong
by Ronald_Ryninger
Is INTC getting ready to break its channel?As with most stocks, INTC has been in a bearish trend beginning this year. Recently it has entered into a neat downward channel. Following the last test of the channel upper bound (denoted by the blue flag), a substantial decline occurred. This decline ended with a volume spike against the lower bound. The last test of the lower bound (denoted by the green flag) is strikingly different than the previous. It lacked a volume spike and did not push the Stoch or MACD to new lows. In fact, during the latest retracement up, both indicators flashed signals of a bullish divergence. It seems likely that this retracement following the latest lower bound will take us at least to the upper bound, if not break the channel.
NASDAQ:INTCLong
by Ronald_Ryninger
3
EURCAD Headed Upward 50+ pips IntradayWelcome back! Here's an analysis of this pair! **EURCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy