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Channeltrend

P&G- How Micro Patterns Create Long Term Trends: PGIn this illustration, we observe how various micro patterns can translate into a longer-term macro pattern. With the case of PG, for prevailing micro patterns have progressed in what appears to be a bullish rising channel which has recently broken through. As the longer-term trend unfolds, the micro patterns will form in series of periods of high volatility and low volatility. Each pattern gives us an idea into the minds of the collective market consensus. Let’s examine what each pattern tells us in terms of an observational standpoint. ABCD: the ABCD pattern is commonly referred to as a reversal pattern. This is because the ABCD typically occurs at key turning points within a stock’s prevailing trend. The ABCD represents between B&C that light selling activity has commenced. The overall formation depicts a weakening of bullish accumulation and that although prices continue to raise exhaustion of buyers will likely proceed. Rising channel: The rising channel pattern is a highly reliable pattern that is typically considered one of the safer longer-term patterns to examine. The rising channel is characterized by a series of price changes which occur at intervals in between symmetric areas of support and resistance where the price respects these areas and makes sharp or distinct changes in between the zones. The rising channel displays that traders have a clearly defined consensus of the future value of the security, and that reasonable amounts of selling and buying activity is occurring meaning there is interest and activity and therefore opportunity. Pennant: The pennant pattern can occur in numerous phases. Typically, the phases are characterized by the ascending or descending slope of the support or resistance lines. The pennant pattern commonly occurs at consolidation zones or within the boundaries of macro patterns. Tenants represent an overall tightening and narrowing of volatility and can be used to pinpoint key turning points either bullish or bearish regarding the stocks long-term trend. Symmetric Broadening Wedge: the symmetric broadening wedge at any point in the stocks long-term trend represents an expansion of volatility. In the case of the symmetric broadening wedge, the battle between the Bulls and Bears is considered more volatile than in the case of a standard broadening wedge. Indicated by the slope of the support and resistance lines, a standard broadening wedge will likely display a flat support or resistance line and a slanted support or resistance line a symmetric broadening wedge displays two sloped lines and therefore demonstrates a maximum expansion of volatility. By examining the chart of PG, it is much easier to determine that micro patterns do in fact subsequently lead to longer-term macro patterns. PNG appears to be bullish dominated and experiencing increased accumulation over time. Although 2018 was more turbulent than two years prior, 2019 yielded favorable results for the security along with other existing industry leaders.
NYSE:PG
by CanaryJones
AUDNZD Bullish Channel AUDNZD is moving up nicely so far with in its new created channel, I believe this is still going higher and there is still money to be made here if you play it right. Buying low at the bottom of the channel can be a good idea if it holds, I have taking profits at the top of the channel and Im looking to reenter at the bottom, if it shows me a buy signal, one of the things I will look for is a increase in buying Volume at the bottom of the channel where it currently is. If it break down I'm still bullish but in the short term it might make a deeper retracement, AUDNZD if you look back at the past you will see that its very aggressive when going up so im expecting this to be no different. I hope you found this post valuable. Best of Luck With Your Trading.
Long
by ElyaStein
USD/ZAR Uptrending channel is workingWe can see the uptrending channel is workin fine on USD/ZAR. We can play on long right now until the value reaches the resistance and than we can short the usd against south african rand. RSI is the only indicator that does not support the uptrend move. By the time in case of breaking the channel’s support line, we can play short until 15.200 support line 15.696 is a critic resistance that we need to wait and see the reaction of value once it reaches the resistance.
Long
by Emrut
Did someone say Pitchfork? Just an idea showing PF channels Was playing around on the BTC charts and projected Pitchforks from the Early 2015, 2016 and 2017. Honestly the still seems to be playing a major role. Overall Long-Term Outlook: First off testing the ~11.8k resistance line. (unless it breaks into the upper channels) Finding support around the ~6.5k support line, which correlates to the 2016 and 2017 Pitchforks. (could break lower to the ~3.5k support,but not likely IMO). From there returning to the ~9.8k- 11.5k Retest/ break current channel: (~17.3K July 2020 If the channel is broken upward. (Bounce or break up into new channels after 17K target is reached)) (If the ~12k Resistance level isnt broken here we are going into the biggest bearish recession BTC has ever seen.) (If it plays out as displayed above BTC will find life again ~4k mark around November 2022) NOT AN EXPERT DISCLAIMER. Honestly the biggest factor in the playbook has and always will be Global Adoption. The crypto community will continue to be held back by governments laws and regulation, until final word is spoken on the matter, in turn governments have only been integrating into the Crypto space for ~3 years which span over investigations in multiple different assets on top of multiple exchange bans. (Not to say following government regulations is a bad thing, but it also makes you think of what is left to come, and how far we are from an equal medium) Will update if this turns out to be a functioning chart, as always DYOR and Good Luck.
BITFINEX:BTCUSDShort
by CapitulationCalls
US 30 Upside Explosion; Possible Ultimate ATH: 30K?Just an idea. Not sayin' this is goin' down; maybe we already saw ATH today on 7/15. But, maybe a brief pullback to lower channel TL culminating on 7/23 will provoke a feeding frenzy coupled with FOMC rate cut to push the darn thing to 30K. Could easily rise another 6-8% in euphoria and carefree complacency that prevails atm. If this plays out the subsequent selloff will be spectacular- at least 10k pips. Probably gonna see a day when it tanks off 2k in one session later this year or early next. FGS trade carefully or just stay out and marvel at the insanity! I marked this idea as 'long' but I'm not betting on it just yet. See if we get a sell to entry for the fifth of fifth of fifth of... whatever wave this is now. GLTA!
DJ:DJILong
by DaddySawbucks
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