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1321 - 6 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
TADAWUL:1321Long
by TheArtOfCharting
2
INVA - 14 months HEAD & SHOULDERS + 6 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
NASDAQ:INVALong
by TheArtOfCharting
BTC - Wait to Buy/LongAlthough it looks more rewarding on the short position, I do not suggest to go in on short because BTC uptrend structure has not been broken yet on a 1H timeframe. The strategy is to wait for buy Two Scenarios; 1) If BTC breaks 38k, wait for a retest around 38k and buy when reversal candle happens 2) Wait for a retest at lower bound of trading range at 35.7k and start scaling in Long position from 34.8k and 35.7k TP at 40k for the 1st Scenario TP at 38k and 40k for the 2nd Scenario SL at 38k for the 1st Scenario SL at 34.8k for the 2nd Scenario
Long
by ChartTrail
1
ENGI - 7 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
EURONEXT:ENGILong
by TheArtOfCharting
Dollar Index (DXY): Bearish Outlook For Next Week Explained 💵 Dollar Index broke and closed below a key horizontal daily support this week. After the violation, the price was coiling for some time within a narrow horizontal range on a 4H time frame. The release of US housing data on Friday was very bearish for the Greenback. The price violated a support of the range, giving us a strong intraday confirmation. We may anticipate a further bearish continuation now. Next support - 103.1 ❤️Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
5
20/11/23 Weekly outlookLast weeks high: $38023.9 Last weeks low: $36284.2 Midpoint: $34544.4 Bitcoin starts the week at almost exactly where it started the previous week, just hovering above the 37k it means BTC had a net neutral price action over the last 7 days. However, midweek saw a 10% range create the highs and the lows before contesting the midpoint. After a strong rally for BTC it looks like 38k is resistance and with ETH struggling to match other altcoins in terms of %gains it leads me to believe that people have rotated their BTC profits and skipped ETH instead preferring to go to newer L1's and smaller cap coins, despite the news of BlackRock's new ETHEREUM ETF proposal. These newer projects haven't experienced a bull market before and tend to have a bigger potential return. For this reason price action leads me to believe that we're getting to the stage of the mini cycle where a lot of people are looking to reinvest the profits they've taken into BTC at lower prices but others want the run to carry on. I think longing into 38K resistance would be difficult, and the market looks to punish late longs generally. Weekly RSI is 74, daily RSI has just dropped below the overbought area after multiple bearish deviations. All TA leads to a retracement and a local high is already in, However, this is sometimes a Fundamental analysis vs Technical analysis battle where the logical answer doesn't always play out and emotions ride high. I'm looking for diagonal support to be held as well as the midpoint from last weeks range to reassure BTC's strength, consolidation under the 38k resistance would be primed to break above and target the 40k big even level.
by ProR35
NZDUSD RECTANGLE CHANNELGreetings, fellow traders! Let's shift our focus to NZDUSD, where an exciting trading opportunity awaits our attention. The pair has notably established two distinct boundary lines, effectively containing the price within a rectangular channel. Notably, the price has recently breached the lower trend line, marking a significant development. Key Points: - Lower Trend Line Breakout: 0.59885 - Targets: - 50% Fib Retracement: 0.57703 - 100% Fib Retracement: 0.55580 The intricate interplay of these elements presents a compelling trading scenario. Let's diligently monitor the progression of NZDUSD as it navigates this channel, keeping a keen eye on how it responds to these critical levels. Wishing you all a week filled with insightful trades and successful outcomes! TCPLTP
Short
by TradeChartPatternsLikeThePros
3