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Parallelchannels

Burl Ives trade not looking too good right now (Silver & Gold)As the DXY rises, commodities generally will fall. Even though GOLD sometimes is thought of as more of a defensive asset and inflation hedge, that theory has been moot lately. SILVER and GOLD (the Burl Ives trade) will continue to languish in these downward channels on the weekly charts as long as the dollar is remaining strong. They are both extremely oversold on the RSI, but with the dollar as a headwind, the oscillators and indicators don't matter as much. Gold and Silver are essential for electronics; especially those to do with space and healthcare. but would be a no-touch area for me personally until I see the DXY break below 110 with an apparent break in the upward trend. If high inflation can't get Gold going, then I don't know what can. If the dollar does drop and the momentum for commodities changes, I would be looking to buy GOLD at 1600, SILVER at 18, then sell GOLD around 2,100, and SILVER around 27.
TVC:SILVER
by EBITDAtiger
btc continue downward movementhello guys i really think btc is on descending parallel channel and it continue its downward movement until reach to important target... on the other hand, it touch too many times top of parallel channel and make this line so week so be aware of possibility of break up... personally don't get this position it is risky for me but still it is possible... always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment.
Short
by melikatrader94
9
GOING SHORT IN NZDUSDAccording to my technical analysis, It is forming an ascending parallel channel by creating a bullish Rally. According to the DOW Theory, it is forming Higher Highs and Higher Lows. When I pick a trade it is already creating a new High and it needs to be retraced back to create a new Higher Low. If we see the previous Higher High then it also creates a Shooting Star on Higher High for a retracement. It again creates a shooting star pattern on Higher High so hopefully, it will retrace back to create the new Higher Low. Let's see what happens next
Short
by hassamsaeed
GBPUSD-Weekly Market Analysis-Nov22,Wk4It's amazing that for more than a week, the market trial along the tip of the ascending channel; shows that the market has hesitance to break and close above the channel. That is excellent news, as I plan to short the GBPUSD off the Weekly Resistance Level. You could check the related ideas within the tradingview post for my lower timeframe strategy. If a break and close above the parallel channel happens, I will wait for a candlestick pattern confirmation at 1.2572 for a Bearish Butterfly Pattern. The harmonic pattern has the potential to form within the next consolidation zone, which is great for extension patterns like the Butterfly Patterns.
Short
by RaynLim
NEAR PROTOCOL the last chance (bottom) and the range market 📖🚀Hello 🐋 Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside ✔️ we expect to see gain besides the range market is an acceptable scenario too 📖💡🚀 and if the price breaks the range area to the upside, we will see more gain 🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
11
MANA the last chance (bottom) and the range market 📖🚀Hello 🐋 Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside and the round number $1 resistance that many times stop the price from more gain ✔️ if the price breaks the round number to the upside, we will see more gain beside the range market is an acceptable scenario too 📖💡🚀 and if the price breaks the range area to the upside, we will see more gain 🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
3
SANDBOX the last chance (bottom) and the range market 📖🚀Hello 🐋 Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside ✔️ we expect to see gain besides the range market is acceptable scenario too 📖💡🚀 and if the price break the rang area to the upside, we will see more gain 🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
3
💢SELL EURCAD at the best place and price💰🔰You can see the analysis of the Euro to Canadian dollar currency pair in the four-hour time frame (EURCAD_4H) 🔍🧨 💥As it is clear from the picture, the price is moving in a parallel bull channel🖤 If the price can reach the Resistance range of the upper line of the parallel bull channel🖤 and the Resistance line🧡 in the daily time frame, it can fall🔻 to Support🧡 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 _____📈TRADER STREET📉_______
Short
by TRADER_STREET