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G-channel

SPX in monthly (log)Hello community, A quick review of the month on the SPX index. A red candle for this month of October. I have indicated in orange the simple 12-period average (monthly) The price is in the upper part of the channel, I don't see anything alarming on the chart. The trend is still bullish, I prefer to invest my money in the American market, than on the old continent which is very sick! Whether it is Harris against Trump, the new president will have a country in working order to face the future. I have confidence in the USA. Make your opinion, before placing an order. ► Thank you for boosting, commenting, subscribing!
SP:SPXLong
by DL_INVEST
BITCOIN after the FOBO ! ( FAKEOUT BREAKOUT) BITCOIN, after the FAKEOUT BREAKOUT, has re-entered the bearish channel that we’ve been monitoring for several months. This was a false breakout, which left many of us hopeful for a bullish market, but it turned out to be the opposite! But no worries, we must wait. The important thing here is that, within the bear market we saw last week, the price bounced off a very important and key zone that we’ve been tracking for several months. This purple zone is what I call my inefficiency zone, which I also consider one of the strongest areas where Bitcoin has previously made strong impulses. The only thing we should consider here is that Bitcoin will likely try to break the channel again. We can’t do anything until the price is on the other side of the channel. It’s that simple! Don’t try to enter right now because the price could pull back. Always pay attention to the immediate structure being presented and WAIT! We already have confirmation that the price has bounced within our inefficiency zone. Now, we just wait for the breakout, so patience is key! That’s my advice for this week. Best regards, and thank you for supporting my analysis.
COINBASE:BTCUSDLong
by RocketMike111
BTCUSDT ⚡ Channel Pattern SpottedHey guys! At this very moment, we are in the middle of almost everything so you don't want to get caught on the wrong side of the trade. Better be safe than sorry. Having said that, here's my idea about what we are looking at right now. 1) There's a channel marked by green lines as shown in the chart. If you can see this, you'll notice whenever price touches the upper line it gets rejected and whenever it touches the lower band it bounces back inside the range. We can buy when price hits there and sell whenever it touches the upper resistance channel range. A deal breaker would be either a breakdown of the channel or breakout of the channel. 2) TARGETS if price keeps respecting the channel pattern, would be at the top resistance line to take profits as a buyer and viceversa as a buyer taking entry trigger a candlestick pattern on the lower band of the channel. This idea is to spot for the long term. This asset is still in balanced mode, there hasn't been a breakout of the range yet. However, it's worth to note that there's a channel pattern playing out, right now. Hope you find it useful and be able to take advantage of this idea. Kina Tip of the Day: Take profits partially even when they don't seem much because in the long run they will grow in a balanced way with the rest of the portfolio. Keep it shiny ⭐ Kina, The Girly Trader
Long
by KinaStar
4
TFEX S50 FuturesTFEX S50 Futures looking down in all 3 Trend Primary trends Secondary trends Minor Trends At the moment it is at the -2SD support level of the Volume Normal distribution and POC of Regression Trend Now Volume Profile of last Degree move down to the bottom that might bounce. If looking down, wait for a bounce and then open a short at the POC resistance level or wait for a reversal at the upper edge. If you look up and don't care about the trend, open Long at the support level, set Stop Loss at Low. However, There is a target of going down in the Range Volatile month and 3rd month At 800 it is still the first target. Trade with faith in your beliefs and follow your own plan. C.Goii SuperTrader
TFEX:S501!Short
by CoachGoii_SuperTrader
1
Bitcoin can decline to support line of downward channelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to range, where it firstly declined to the current resistance level, which coincided with the support area and at once started to grow. In a short time price reached the 71000 resistance level, which coincided with the seller zone and tried to break. BTC failed and made a correction movement, after which in a short time rose back and finally broke the 71000 level, but can't fixed and soon declined back to the current resistance level, breaking the 71000 level one more time. Soon, BTC exited from range and then entered to downward channel, where it first rose to the resistance line, but later declined back to the support line of the channel, breaking the 62000 level. Then price made an impulse from the support line to the resistance line of the channel, after which rolled down to the support area, where now continues to trades near the current resistance level. I think that Bitcoin can continue to decline to support line of the downward channel, therefore I set my target at 55000 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
VERX ATH on Earnings LONGVERX on the 15 minute chart demonstrates printing a high tight bull flag pattern in its bullrun after the earnings report was a two line beat much like the one a quarter ago. VERX has impressed traders including this one who got in on the ride early. I will trade this like others recently with a similar pattern. I will hold during the consolidation and watch for a break above the flag regression channel. I will add upon the break and set a trailing stop loss of 5% upon a rise of another 5% keeping the profits safe while underway. See my ideas on SOUN DUOL, VTYX and a few others. Review the link to the pattern description here. See also my swing long trade ideas for this sector XBI and LABU.
NASDAQ:VERX
by AwesomeAvani
Bank Nifty: Rectangle Breakout signals potential UPSIDEOver the past few days, NSE:BANKNIFTY has experienced a downtrend, presenting an opportunity for traders to analyze a potential reversal through the formation of a rectangle pattern. The rectangle pattern is a horizontal consolidation pattern characterized by parallel support and resistance levels. It indicates a period of market indecision, where buyers and sellers are in a relative balance. The breakout has occurred above the neckline or resistance zone, suggesting a shift in market sentiment. Breakout Confirmation: Traders should patiently wait for a clear breakout above the neckline or resistance zone. The breakout should be confirmed by the closing of a candle above this level, indicating a shift in market sentiment towards the bullish side. Entry Point: Execute the trade on the day of the breakout, preferably after the closing price has convincingly breached the neckline. This ensures that the breakout is genuine and not a false signal. Target Calculation: The target for the trade can be determined by measuring the distance between the low of the rectangle pattern and the neckline. This distance is then added to the breakout point, providing an estimate of the potential upward movement. Retest Possibility: Be prepared for the possibility of a retest of the neckline after the initial breakout. This is a common occurrence, and traders should not be alarmed by a temporary pullback. Risk Management: Stop-Loss Placement : Mitigate potential losses by setting a stop-loss order below the neckline or the breakout point. The level of the stop-loss should be determined based on individual risk tolerance and the volatility of the asset. Risk-Reward Ratio : Evaluate the risk-reward ratio before entering the trade. Ensuring that potential profits outweigh potential losses is crucial for effective risk management.
NSE:BANKNIFTYLong
by VanshikaUdeshi
1