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Rectangle

💡Signs of the FALL of Bitcoin(4-hour time frame)💡Bitcoin has NOT seen an upward or downward Sharpie movement for about 12 days and is moving in the form of a Range market ; this Range movement generally causes the formation of a Rectangle pattern . Bitcoin is currently moving above the rectangle pattern and the 🔴 resistance zone($31,420-$31,220) 🔴. 💡 Signs 💡 of Bitcoin falling again from the resistance zone can be candlestick patterns: Hanging Man , Shooting Star , and Marubozu Candle . Also, if we look at the RSI indicator , we can see that there is a strong Regular Divergence (RD-) between two consecutive peaks inside the rectangle pattern. In addition, the RSI indicator seems to be issuing one of the most reliable sell signals, the Bearish Failure Swing .👇 🔔I expect Bitcoin to fall to at least the 🟢 support zone($29,860-$29,420) 🟢 and the bottom of the rectangle pattern after breaking the uptrend line . Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
64
USD/CHF: wait for a breakout before hopping onAt the moment, it can be inferred that the price is trading within the borders of the sideways-moving range that is plotted on the graph. Due to choppiness and indecisiveness, it is unknown what the next rally is gonna look like. However, if we get a clear breakout of one of the boundaries, a potential trade entry could be made upon witnessing a re-test. Therefore, for now, we are sitting on our hands and patiently waiting for a clear signal before executing a transaction.
by Investroy
14
NZDUSD: 1H analysisHi guys I hope you have used the previous analyzes correctly and have benefited In the nzdusd chart we can see a descending channel where the price shows significant reactions after hitting the ceiling and floor. Now the price is at the ceiling of this channel. 0.6164 resistance is also seen in the same area. We expect the price to move to the following ranges after hitting this area and being rejected: tp1: 0612 tp2: 0.609 tp3: 0.6068 In case of strong crossing of 0.6164 resistance, this analysis is invalid.
Short
by Money_hunters
🚨Bitcoin Falls to the bottom of the Descending Channel🚨Bitcoin managed to form a Rectangle Pattern on Saturdays and Sundays when the trading volume was low. I expect Bitcoin to react to the upper line of the rectangle pattern and the resistance line as the week begins and Bitcoin to fall to the bottom of the descending channel. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
27
Gold: The Emotive TradeGold, the goldbug's blessing & curse, a precious metal of some serious conspiracy around market rigging. Here we see the chart setup that is developing dominated by worrying signs: The Bad 1. The blue line represents overhead resistance, ideally would have loved price to touch that. 2. Price has carved a triple top near all-time highs. 3. We ended June with a swing high, usually when gold has a swing high, it does not immediately reverse course. 4. Price going higher but RSI lower The Good 1. Price action can be construed to be forming an inverse H&S but ideally it must form after downtrend. 2. 200 month moving average is rising so if price get beat down, the support line. If price goes down, how quickly will it make it to the pink support line. The alternative view is that the black lines are a bull-flag so price might not go all the way to the pink support line. We have enough uncertainty to get bulls or bears caught on the wrong side but we have the sign posts to guide trading.
OANDA:XAUUSDShort
by runyamhere
US100 Index (NASDAQ): Bullish Outlook Explained On the today's live stream, we discussed US100 Index. The market started a correctional movement after it set a new higher high, respecting 15280 level. The price was trading with a bullish flag pattern. The resistance of the flag was broken yesterday. It will most likely trigger a bullish continuation. Next goal - 15200 For entries, consider a broken resistance of the flag. ❤️Please, support my work with like, thank you!❤️
CAPITALCOM:US100Long
by VasilyTrader
13
Coming Home To A Warm BedThis particular pair OANDA:GBPJPY , I committed one year to. I decided if I am going to have any success at trading, pick one pair, and stick to it! Although I've been on shuffle with my portfolio, I always revisit this pair. I like to say I'm married to it ;) After a long night out with the other pairs, I came on home this morning. From the looks of this trade, my wife slept through my arrival home, from a long night out! This has been a pair I have been studying for the past 180 days. It has been on a massive bull market for the past 60 days, creating new highs this par has not seen in eight years. This week overall has been very profitable. It is STILL continuing to generate new highs. Sticking to my trading plan is like putting my turning signal on when switching lanes. You have to signal other drivers (buyers/sellers) where you are going! I like to connect with you, so share your feedback! What are your thoughts? In conclusion, I'd like to share my trading journal entry... DID I FOLLOW MY PLAN? Yes. I identified the trend properly. I made entry at an area of liqurdity Set my take profit 1:3 WHAT DID I DO WELL? 1. Let The Trend Be My Friend. 2. Traded the pair in my session. 3. Entered The Market On A Bullish Candlestick. WHAT CAN I DO BETTER? 1. When the Price Peaks, Exit Manually WHAT DID I LEARN? 1. Identifying The Trend Early Will Increase the Ratio Of Success. 2. #setandforget 3. How To Identify Liquidity 15 Minute Timeframe. DID I PREPARE PROPERLY? YES, I entered a trade with several confluences in my technical analysis. This time I set my price, doubled down, and wait for a confirmation. Looks like I need to stay home, and do some lawn work today. :)
Long
by Cashflowmarcofx
1
For Only Momentum players.Just A momentum play , execution is the key here, not looking for so big levels, Just a 1:1 (depends upon execution) Trade if you are interested. and just close it around levels. Red Line is Stop on DCB. Green line is Target. All the best. Gratify if you appreciate the practice then you can like it, share it and If you want me to investigate any chart for you then would cherish doing that for you. Thank you for your time and support. Stay safe.
NSE:LALPATHLABLong
by Anany_shringi
Three bearish patternsI usually do not trust forecasts made on low time frames. They are often subject to the error of a larger pattern. In other words, they are not always what they appear to us to be. That's why I mostly make charts on 4h+ charts. However, I sometimes make exceptions to this rule. As you can see above, it seems to me that 3 intersecting patterns are forming. As for me, this is a specific kind of polymorphism. The more patterns fit the better. Each of them confirms the further course of events. Hence I conclude that further declines are ahead. Of course, I could be wrong here, but it looks sensible to me. This is not financial advice.
BITSTAMP:BTCUSDShort
by stanosky
3
📈 How to: Bullish Rectangle PatternThe rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. It can be successfully traded by buying at support and selling at resistance or by waiting for a breakout from the formation and using the measuring principle. 📍Understanding the Bullish Rectangle Candlestick Pattern The bullish rectangle candlestick pattern is a chart formation that appears during an uptrend when prices temporarily pause before resuming their upward movement. It represents a period of temporary equilibrium as the price moves sideways. When the price breaks out above the upper resistance level, the pattern is considered valid, and it generates a buy signal. Bullish rectangle patterns are a type of classical chart pattern that indicate a period of indecision between buyers and sellers. They are common and powerful patterns used in breakout trading. On the other hand, the bearish rectangle pattern is the opposite version of the bullish rectangle pattern and follows the same formation and rules but occurs during a bearish market trend. 💥Key Takeaways: 🔹 The rectangle pattern signifies a lack of trend as the price fluctuates between horizontal support and resistance levels. 🔹 Traders have different approaches to trading rectangles: 🔹 Some choose to trade within the rectangle, buying near the bottom and selling or shorting near the top. 🔹 Others prefer to wait for breakouts, which occur when the price moves out of the rectangle. 🔹 The rectangle pattern concludes with a breakout, marking the end of the price's sideways movement between support and resistance levels. 👤 @QuantVue 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
3