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Channeltrend

Three peaks at resistance pointI have been watching this pair very closely today as it broke the very long term trendline (purple) and I am expecting it to move back down to the bottom purple line of channel in due time. Distance from Kijun is also very high and a retracement has to happen naturally. Possibility is to wait for more clear trend direction change and use a bigger stop loss instead of guessing top with red trend line as I do here. You can target much lower than this take profit and increase risk to reward but probability of trade finishing will be much lower. Trend lines when zoomed out:
Short
by Honestcowboy
UBER Channel TradeUber is at the bottom of a channel its been in for a year and a half. Could be a beautiful trade to the top of the channel. This is a relatively long swing compared to my usual taste so we'll see what happens. Don't make any trade at all until you have done your own analysis. I am a stranger on the internet and it probably isn't smart to copy random people on the internet. With that being said, If you agree with the idea give me a little like, and maybe a follow. I usually only trade forex and futures, but am going to start getting back into stocks mainly because this correction made everything much cheaper. Most of my stock plays will be swings as opposed to day trades or long term trading. So anyway, I hope everybody has a happy last friday of the month. Hopefully, February is much brighter, but for now, Have a great weekend and be safe.
NYSE:UBERLong
by Wickalodeon-GhostProductions
6
4 Hour Bullish Channel On GoldLooking at Gold on the 4-hour chart, we see a clear bullish channel formed. Price has been bouncing off the channel top and bottom since the 6th of January. I like to see two taps on the bottom and two taps on the top as a minimum to say that this is indeed a channel. We can see clearly that we have two taps on the bottom and two on the top. I also like to see price respecting the middle line of a channel. Notice how price has been treating the middle of this channel. It’s an area of interest. We also have a line of resistance that has been flipped to support. Notice the red and green arrows. This suggests that price has the potential to keep moving upwards. Currently, the price is hovering around the middle line of the channel. There is a chance that the price could come down and retest that support line before moving higher. This could provide a decent entry for those looking to long gold. Either way, momentum continues to look bullish. If we had Full Divergence across the MacD, I would say that this channel would soon be breaking below the channel bottom to the downside, and we could look for potential shorts. But as we do not see divergence, it’s logical to say that further bullish movement is expected. This is one to keep monitoring, and I will update accordingly.
OANDA:XAUUSDLong
by TheVortexTrader
2
QRDO curved channel with supports and resistancesMAGENTA CHANNEL This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters. Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
QLong
by heroselohim
Cryptos bull funnel preparing in TOTAL2MAGENTA CHANNEL ARCS They cover the trajectory of the price bounce from bottom to top. The oscillation of the price gaining momentum and loosing it later. LIME CHANNEL CURVES A "plastic wrapper" around those arcs to smooth probable limits and to simplify visual interpretation. Can the price break into a strong bear market? Yes, it is possible! But the chart points in another direction. If you look closely there is a "somewhat like" Head Shoulder Head Shoulder formation that still prevails in repetition. The bear momentum is losing speed. How accurate are the "magenta arcs" of the following months? I cannot still project speed, curvature, or any kind of vector until the new bull market starts and has some history behind. I tried to sketch some probable boundaries by looking the history and the projection of grey trend lines. But the last magenta arcs are NOT ACCURATE with this technique (at this time) In a conservative stance , I would enter the market when the value surpasses the violet trend line. Just sharing my personal charts for learning purposes only. This is not an investment recommendation. Look my previous TOTAL2 publishing here (press PLAY) I will republish this chart in a future with new updates.
CRYPTOCAP:TOTAL2Long
by heroselohim
BTC dynamic moving average with supportsA very simple media curve that attempts to find the moving center of BTC. Blue supports could be the last BTC floor on its price. If 40k support is broken, BTC could fall to 30k. I still think this would be an unlikely scenario, buy possible. Take a look at the pattern replication idea (linked below) to have a wider scope of why I think this could be the price floor. Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
by heroselohim
10
THETA curved channel with supports and resistancesMAGENTA CHANNEL This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters. Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
Long
by heroselohim
AUDCAD - A pitstop before further fall? In our previous idea we predicted a drop after bouncing off the upper channel line, which we've seen the beginnings of. AUDCAD still appears bearish, but we are entering a Demand Zone that could create a bounce or choppiness, which might give those who didn't get short the chance to do so at a better price, if they also believe that price is likely to head toward the bottom of the channel, in line with the overall bearish trend on the higher timeframes. Those already short may choose to take some profit off the table to reduce risk, with a plan to re-enter at a better price.
Short
by HayeTrading
22
CTK curved channel with supports and resistancesMAGENTA CHANNEL This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters. Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
Long
by heroselohim
MIR curved channel and arcsYELLOW ARCS General price trajectory floor. MAGENTA CHANNEL This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters. Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
MLong
by heroselohim
5
BOSON curved channel and arcsYELLOW ARCS General price trajectory floor. MAGENTA CHANNEL This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters. Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
Long
by heroselohim
1