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Channeltrend

7% Channel Swings!BTC has been trading in a tight channel for over a week. I enjoy these ranges because it's easy to swing trade. Set your supports and resistance levels join a trade with a tight stop and if you're able to, set your take profits. If you're confident in your trade you will let the charts do the work and you will either get stopped out or secure profits. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
by rnaofs
A Channel pattern - EducationalA channel is a chart pattern. And uses trendlines. A channel indicates an entry and a possible exit. It can also control the risk. A channel consists of two parallel lines, between which the price moves. Drawing a channel: Ascending channel - During an uptrend, draw the basic up trendline along the lows. Then you draw a line from the first peak which runs parallel to the basic up trendline, these lines now form a channel. If the 2nd peak reaches the upper line of the channel a channel can be said to exist, but a third test of the trendline is always needed to see if the trendline is really accepted. Descending channel - During a downtrend draw the basic down trendline along the highs. Then draw a line from the first bottom which runs parallel to the basic down trendline, these lines now form a channel. If the 2nd bottom reaches the bottom trendline a channel can be said to exist, but a third test of the trendline is always needed to see if the trendline is really accepted. Horizontal channels are like rectangles, they are called trading ranges. How to profit from this pattern? Short term (uptrend) A long position could be opened when the price is at or near the basic up trendline. One could even open a short position when the price is at the top of the channel, but beware! Going against the trend can have negative consequences. Short term (downtrend) A short position could be opened when the price is at or near the basic down trendline. A long position can even be opened when the price is at the bottom of the channel, but beware! Trading against the trend can have negative consequences. Try to take profits the moment the price, comes close to the trendline on the other side, you could thus switch your position from Long to short and visa versa. Remember, the higher the timeframe you use the more reliable the trendlines become, also a trendline is more reliable if the trendline has been tested often. Trading the channel breakout The failure to reach a channel line is often an early warning that the channel line on the other side will be broken. Once a channel is broken a move of around the width of the channel can be excepted. So a larger channel usually have bigger profit potential. You can use certain technical indicators with a channel, for example 'volume', pay attention to whether the volume increases the moment the price breaks out of the channel, if this is not the case it means that the channel is probably still intact. Profit targets and a Stop-loss As I already mentioned the intention is to take profit the moment the price is on the other side of the channel. Imagine this: There is an ascending channel, the price is moving around the basic up trendline (base line), then you can enter a long position. Then the price is moving towards the upper trendline of the channel and you can take your profit. If you like you can take a short position here, but beware! Trading against the trend can be dangerous. But where is your stop-loss? I already said it many times: always place a stop-loss before you forget it and before you start doing other things! In the preceding example you place this stop-loss just below the base line at the long position, keep a little space between the base line and your stop-loss! It could happen that the price breaks through the channel lines on an intra-day basis, but only when the price closes outside the channel line this could be a sign of a breakout. For the short position from the above example, place your stop-loss just above the upper trendline, with some distance in between. Here are more examples: I wish you all the best! This is no financial advice. BITSTAMP:BTCUSD
BITSTAMP:BTCUSDEducation
by StijndeVries
2
W-shape recovery - horizontal channel scenariosOh my, so many questions... let's beginn on thursday: I think that if we see a rebound early in the day, it might hold up to form this beautiful 'W' shape -OR- it breaks out completely ON. A. FRIDAY. But this might be just too far fetched these days.. IF the 'W' forms though, this gives at least somewhat of a ground. Will be tested next week then -.- If the W does not form on thursday morning, we'll see anew low in a downwards channel (idea linked)
U
by ulfkirsten1234567
SPY EFT ... Channels within ChannelsThe SPY ETF has traded within a well defined channel since the beginning of 2022. Within this major down draft, a more acute channel has been in evidence for the past 2 months. (shaded rose) Looking at this from a harmonic perspective and bearing in mind that this is a 2 hour window, I see evidence that a cypher pattern is developing with may provide a counter rally to the 430 area and the top of the recent channel. Overlaying a pitchfork (Schiff) with using points 1,2, and 3 we are able to contain most of the price action except the past several weeks but this is contained in a 1.5 outer edge extension (shaded gray) which has jumped back into its the original fork. Harmonic projections while less accurate, are often useful. Bottom line: I am looking for a little luck and a counter trend rally to the 430 area. Two caveat s.. we need to take out the two 2 horizontal lines (approx. 404 and 407) fairly soon and my momentum indicator in the lower pane needs to be rising/stable and not falling. Therefore I am waiting for a breech of the two marked blue horizontal lines as a go long signal. This is educational not investment advice. Do your own due diligence while watching the bigger picture and review world events as they evolve around you. This can be a fast and volatile market taht takes no prisoners. Good Luck and thanks for reading. Hopefully you found it this useful. S.
AMEX:SPYLong
by Steve666
12
Gold ... Intermediate Term Bottom ??With today's US CPI numbers out of the way and a modest degree of stabilization in equity markets, Gold appears to have made a short term bottom. This is the third touch of a six month trendline. We add to this a bullish harmonic Gartley pattern which appears to have formed. (This includes a solid AB=CD subset.) We need IMHO another ingredient. A weaker $USD which I measure by the DXY index. Not only do we need this in ]absolute but also in Gold relative terms For illustration I have included as an insert a Gold/DXY ratio chart on the same 4 hour time frame as the base chart. With these conditions in play we look for a stabilizing and then an appreciating Gold price from here. This is educational not investment advice. Do your own due diligence while watching the bigger picture and review world events as they evolve around you. This can be a fast and volatile market. Good Luck and thanks for reading. Hopefully you found it this useful. S.
TVC:GOLDLong
by Steve666
Netflix (NFLX) ...Will this Horror Show ever end ?Netflix (NFLX) ...Will this Horror Show ever end ? Netflix has been one of the bigger casualties of the NASDAQ selloff managing to lose over 74% of its value since early November 2021. Taking a 10,000 foot view and reviewing a monthly log chart(insert) suggests a well defined channel going back to NFLX's debut in May 2002. The bottom of this channel now rests in the $150- $160 area which we will probably have to test before a significant trend reversal takes place. So Netflix worth watching here. No apparent harmonic patterns are evident. If any emerge I will update below, Caution: This is educational not investment advice. Do your own due diligence while watching the bigger picture(a bad pun) and review world events around you. We are currently in a very volatile market period...don't try and catch a falling knife or risk capital you can't afford to lose. Let if bottom first. Good Luck and thanks for reading. Hopefully you found it this useful. S.
NASDAQ:NFLX
by Steve666
BTC/USDT : Reached channel's bottom!BINANCE:BTCUSDT BINANCE:BTCUSDTPERP Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $BTC has reached the descending channel's bottom and so there're some similarities to check for... Last time that $BTC has reached the channel's bottom ( Formed the channel bottom); It just pulled back above our S/R local Line located on $~40600 and it has retested the channel's top. Now we have the same bottomed candle formation and the local S/R Line above. Also on wider Look, We have a stiff support zone at $33400 - $32800. So based on our data; $BTC can pullback from the local channel's bottom or the lower Support zone! 📝 The main bias is still bearish and I won't use this possible pull-back to take advantage! I'll only look for possible Longs when we get the closings above $35500 straight from our current level. - The first confirmation should come to our current candle close just like the marked one. - The second confirmation should be the candle closings above $35500, Otherwise, It'll drop to the local support zone it'll invalidate our Long position's opportunity ( Trigger will be closings above $35500 ). - Be informed that our possible short-term bullish will be canceled if we get the weekly closing below $35650. The importance of the mentioned line is just like $42000 (The main bias changer on weekly TF); It's been 280 Days (40 Bars/Candles) Since our last weekly close below $35650! All of the given information is for acknowledgment only! ⚠ The possible pullback won't invalidate our Short-Term positions yet! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
by Helical_Trades
39
Trading the price channelTwo trades one long and one short trading the upper and lower bands of a price channel. I dont generally trade a price channel for many reasons, but with the long term chart dominating trend in my favour it worked out. For this trade my long-term chart was (W) chart and my current price chart (D) chart. The current chart is where i take my entry, stops & cover my positions. First trade was in January when price entered a DZ, while the Long-term chart was still in uptrend. I took the LNG w/ a STP below the DZ. i was risking 0.90 per share for a reward of X3 if price hits my Profit Target PT1 at the top of the channel. The Second trade was more recent in April with the long-term chart (W) in a downtrend now, & price is coming into the upper court of the channel, my SHRT executed near the top of the channel, provided a low Risk entry short with a STP loss of 1.2 per share. The reward was again a X3 if price enters the lower band of the channel. & today the price entered & I CVR my SHRT.
TSX:QSRShort
by greatful-me
GOLD- bear channel continues Hello everyone In last the week , market created a bear trend structure and did end it with a good hanging man bar which indicated that the bear trend continues and with the full bear body bar for today we have the full context of bear market. So far the market broke out of 1880$ for XAUUSD and reaching the 1850$ is expected.We may get to see the price in the lower channel by the end of the week or we may have the price create the same pattern from the last week. In 4 hours chart we have good amount of shadow on our pin bar right now but it does not change the context.If I want to buy, I wait for a good sentimental news,a reversal pattern and for a second signal to enter ( I don't take the first entry) .
OANDA:XAUUSDShort
by HubAlgo
US 10Y Yield Nearing 3%I believe that watching the US10Y is a great way to gauge what's happening in the equity markets. As we've been witnessing, stock valuations are being compressed and investors are feeling the pain. I've been watching this chart for a while, and you can see that the 10-year Treasury yield is nearly at 3% and is at 4-year highs. This is something to definitely keep an eye on as we continue to see a hawkish fed. We could see a change in dynamic within the secular trend of the market if this scenario continues in this trajectory.
TVC:US10Y
by ZenitCrypto
AAVEUSDT is trying to have a breakout!The price is creating a descending channel after the breakout from the falling wedge as I told you on my previous idea On the daily timeframe the price is testing the key level on 150$ and the market is trying to protect the low. On the 4h timeframe the price got a rejection from the daily resistance on 175$ How to approach? The price needs to have a new breakout from the 4h dynamic resistance and daily resistance. the next valid key level is 190$. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
8
EGLDUSDT Wants to have a breakout from the Weekly resistanceThe price got a rejection from the weekly resistance on 164$ and not the price is creating another bull flag above the previous descending channel the price retested the previous dynamic resistance as new support exactly at 0.618 Fibonacci level. How to approach? The price needs to have a breakout from the weekly resistance and descending channel. Beware to the left, you can find the supply zone. So if the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
NEARUSDT Wants to retest the ATH!?The price is testing the 4h support after the rejection from the supply zone on 20$ as you can see on the daily chart (the upper one) The price is creating a ascending channel below the weekly resistance on 17.7$ How to approach? The price could retest again the supply zone on the 20$, so if the price is going to have a breakout from the weekly resistance and dynamic 4h resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
#UBER fib leveles #UBER so if the fib levels are correct from our most recent swing low we wicked that .768 level and bounced off for a potential short term opportunity for calls to the upside at the 34, 35, 36 strike as there is a huge level at 37.50, looking at some flow data 35 strike for the 20th of may has 67 thousand OI sitting on it now 40 has 41 thousand both of which are interesting to me. looks like most short dated contracts are looking at that May 20th date or the Jan 2023
NYSE:UBERLong
by Stock_Hustle21
IOSTUSDT is creating a descending channelThe price is testing the 0.786 Fibonacci level on the daily timeframe on the weekly support (0,028$) On the 4h timeframe the price is creating the main descending channel and the market is creating a channel within it. How to approach? The price could retest again the 4h demain on 0.027 if the price is going to lose the dynamic support. According to Plancton's strategy , we can set a nice order The scenario is invalidated if the price is going to have a breakout above the monthly resistance (0.32$) ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
11