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G-channel

USDJPY Longer-Term View with Regression Trend ToolI have added in another regression trend channel going back to the late 2016 high. That longer-term channel shows the potential upside target for a breakout above the medium-term channel if that were to occur. At this particular juncture, the medium and short-term channels are the ones in play, with a potential or bounce or break of the short-term channel on the radar right now. This is a follow-up post. See related ideas for the original. Use the tool if you like it, discard if it doesn't help you.
Education
by CoryMitchell-CMT
Using the Regression Trend Tool to Analyze USDJPYCurrency charts (or any chart) can look rather chaotic sometimes. Grabbing a regression trend tool may help. You select the tool and the pick the two points...usually a major high and low. The regression tool then finds the line of best fit through the data. You can also add standard deviations above and below the regression line, resulting in a channel. The result will be slightly different than a drawn channel because it is essentially highlighting the average price action between two points in time. I have used the tool twice on the USDJPY chart. The larger one shows the price is near the top of a larger channel. The smaller shows the price is near the bottom of a short-term channel. This helps highlight some potential trading opportunities. If the price consolidates here and moves higher (would use 4-hour chart), it is a buy trade into the top of the small and larger channels. But if that occurs, once the price reaches the upper channel, watch for a potential short (or break to the upside). Alternatively, if we head lower from here, that will break the short-term rising channel, and indicate a pretty big downward move based on the larger channel. You could freehand draw these channels as well, but sometimes a crazy one day move will obscure a pattern that the regression highlights. For example, the regression filters out that one day drop on Jan 2 2019....without the regression (or without ignoring that long candle wick) it is hard to see the channel. You could also go back further in time and add in additional regression channels to provide a larger insight into where the currency pair is within its cycle. Want more like this? Discuss trades in my free swing trading Facebook group: www.facebook.com
Education
by CoryMitchell-CMT
per senior lodensteins request I've added the downward channelSenior Lodenstein politely mentioned that my falling wedge should be a downward channel instead...and while I was aware of the downward channel I hadn't bothered charting it yet because I've been more focused on both the weekly falling wedge and the 1 day bull flag at the moment so Ieven though I think that both the falling wedge and the descending channel are both going to be validated I decided to humor him and put it on my chart....even though I knew the channel was there I didn't realize that not only was this a downward channel but it is actually also a massive bull flag on the monthly chart...in fact the breakout target for this monthly bull flag is over 19k as long as we trigger its breakout no later than the beginning of December...so thank you Senior lodenstein for suggesting I focus more on the channel...I had no idea that channel was a massive monthly chart bull flag until I took a look. One thing about downward channels to is they have a very high probability of breaking upward instead of down so as long as we can break up from the current 1 day bull flag retesting the ATH by December 15th is still very much a possibility.
BITFINEX:BTCUSDLong
by DrDovetail
3
Cipla moving in Up channel in Daily chart at Break / Make LevelHi Traders, Cipla Moving in Upward channel in daily chart can go: 1) Long on breakout from Upward channel & imp resistance around 484 Level. (See chart) 2) Short on breakdown from Upward channel till target at imp support around 400 Level & moved back to downward channel. (See chart) So Cipla at make or break level with moving in upward channel & imp resistance at around at 484 level (See chart) What indicator are suggesting: 1) RSI moved above 50 (Bullish) & making higher bottom . (See chart) 2) MACD which is momentum plus trend indicator turn positive as signal line cross above zero & MACD line is above Signal line. (See chart) Quarterly Result is there on 6 Nov , coming day will decide will direction it will go breakout or breakdown from Upward channel. Happy Learning ); Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
NSE:CIPLA
by karanwealthape
Silver Losing Momentum In silver, we had a strong move upwards from the $17/oz range to a high of roughly $19.755/oz. Recently, however, the price has failed to maintain momentum to regain those highs and has steadily pushed lower in an evident regression trend on the daily chart from 05 Sep 2019 to the present. I believe that silver will retest the $17/oz range, and from there, we will have a stronger confirmation on the short term direction of silver's price. As well the gold to silver ratio rebounded from a yearly low of roughly 1XAU:79.38XAG to currently 1XAU:84.89XAG. In the meantime, I believe silver to be a short trade. However, in the long run, silver seems to be bullish as the gold to silver ratio is at historical peak levels.
COMEX:SI1!Short
by Zacmando
BITCOIN price in Downward ChannelDirection: Short Reasons for open position: - Price in downward channel - Mirror level is 10500 $ - Price bounced of mirror level - Priority Down The information provided is not financial advice, always do your own research. Guys, if you like the idea please put like button and if you have your own ideas you can share it in comments, I would like to see it. Also, if you have questions you can ask me them in comments! Please no need to write them in PM, ask in comments!!! Thank you very much for your support!
BITFINEX:BTCUSDShort
by UnknownUnicorn2760874
42
NAV regression channel convergence, 3:1In my experience, charts have a strong attraction to moving towards multiple pattern convergence areas. Why? Because they're zones where a lot of emotion is triggered, aka lots of people will be involved. Market makers need to get you involved. That's why things drop just below your favorite area of the chart, get you emotionally triggered, and _then_ reverse. Or go just past your buy stop limit and then plummet. They go hunting for these trigger areas. And I think the one circled is where NAV is headed next. Perhaps after some more accumulation / low side (sell for you, buy for them) triggering. Could be a week or even three before move happens. And I could be totally wrong, of course.
NLong
by some_guy