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ETH - Bullish Megaphone? 📣 Update!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per our last ETH analysis, we have mentioned that potential Bullish Megaphone pattern forming. According to the pattern, we are currently on leg #5 🏹 For the pattern to get activated, hence the bulls to remain in control, we need a daily candle close above 1720 In this case, further bullish movement would be expected. In parallel, we are still bearish from a medium-term perspective since we broke below the last major low in gray from H4. ETH approaches the blue support starting from 1550, we will be looking for new short-term buy setups. Which scenario do you think is more likely to happen? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
37
NZDCAD 4H, Bullish Price ActionNZDCAD has been shaping up for the Impulse phase as we can see on the the HTF price had a strong push upwards now consolidating within a continuation structure. Looking at the LTF, we can see price approached the lower boundary of the HTF in a corrective structure with a strong impulse breakout followed by continuation structure to push price higher. I expect price to rise to upper boundary of HTF structure. Wait for an entry thst fits your trading plan. Thanks Trade Safe
Long
by ktlfx
📊 Chart Pattern CheatsheetChart patterns are visual representations of a stock's price movement over time. These patterns can provide traders with information about the stock's trend, momentum, and potential future direction. Continuation and reversal patterns are two types of chart patterns that traders use to identify potential entry points. When considering entry points for both continuation and reversal patterns, traders often use a combination of technical indicators and price action analysis. They may use tools such as moving averages, oscillators, and trendlines to confirm a pattern's validity and identify potential entry points. Additionally, traders may set stop-loss orders to manage risk and limit potential losses. 🔹 Continuation patterns Continuation patterns are chart patterns that suggest that the current trend will continue. They occur when the stock price consolidates in a certain range, showing a temporary pause in the trend. Some common continuation patterns include triangles, flags, and pennants. Traders may look to enter a long position when the stock price breaks out of the pattern, typically on higher than average trading volume. 🔹 Reversal patterns Reversal patterns, on the other hand, suggest that the current trend is likely to reverse. These patterns occur when the stock price has reached a high or low point and is likely to move in the opposite direction. Some common reversal patterns include head and shoulders, double tops and bottoms, and the "V" pattern. Traders may look to enter a short position when the stock price breaks below a support level or the neckline of a pattern. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
7
Demand zone and continuation In demand zone same thing. You do you watch any reversals happen. CPI 6.5% & inflation still at 6%. The buys continues and in demand zone should expect big buys and big sell off. Watch any reversals happens and it’s volatile so please becareful, and about 14960 or 15100 should expect a big sell off that’s when we should expect rate cuts & Feds pivot and be on the way the bottom during Q4 in 2023 and bull market be back in 2024. Good luck y’all and trade smart.
N
by JoyBoyVegae
2
AUDCAD 4H, Overall Bearish Trend AUDCAD has been in a downtrend as we can see price impulsively pushed downward which is now in a bearish correctional phase making lower highs but holding the 0.92 level firmly. Looking at areas of interest, I would like to see price break upwards and complete a larger correction as we add other bearish confluences like a double top and a 3rd touch on primary trend line. Price may continue to follow the secondary trend and continue to make another lower high and break below the 0.92 level to continue downwards. What's your view? Share your opinion by leaving a comment! Thanks Trade Safe
Short
by ktlfx
2
what would continuation toward contango look like?spot is having a time catching up with price, and this is one of my favorite derivatives. if the turnaround is going to continue to break out, and we pull back to a comfortable level keeping the uptrend daily i would follow the uptrend with leverage. im excited about the current daily pattern being a sign that a snap back to the bulls could happen tuesday, and im also excited about a lot of potential shorts of equity in the index. im just as excited about going long around emas and trendlines holding bull in the overall index. using fib im aiming for bear weekly highs as well as the 1 and the 1.618 as long as we are beating the regressive bottom and accute trend angle.
NASDAQ:TQQQLong
by cerealpatterns
6
lets talk about a broader turn around in technologytechnology has led the market down. semiconductors have led technology. this stock has exhibited particular rate of change and other bullish volume based oscillations. bil williams ma, vwma, ema, trama as well as displaced ma are also bullish along trend lines. this leads me to a swing vased strat for continuation following the concordant supports, resistances and resulting ghost feed. this goes for stock like NVDA, and the broader market too. i am selling as spx approached 4035-4037, and i am hedging on pullbacks in taiwan semiconductor by buying SOXS and scalping for a few pennies at a time. im long the broader market with TQQQ on breaks of resistance or support on daily higher lows.
NYSE:TSMLong
by cerealpatterns