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Regression-trend-channel

XLF - Dead CatfishNew banking regulations in EU and elsewhere combined with QE punch bowl drying up is taking wind out of the sails of the Financials. XLF appears to be struggling at the mid-line of the regression channel again! Potential 4th failed attempt to cross midline unfolding. Similar chart pattern last July into Sept, which resulted in a ~10% sell off. Bearish Engulfing candlestick pattern at recent top. Several nearer and longer term price gaps to fill to the downside: Nearer-term gaps @ $37.75 @ $37.20 and near 50-day MA @ $36.01 small but there Several more gaps a bit farther south. Most indicators rolling over/sick on the daily. XLF near ATHs but the ADX looking like a dead catfish that cant swim anymore...just floating with the current...and the current is taking it down off the regression channel mid-line sooner than most expect. Target = gap fill near 50-day MA and then a kiss off the 200-day if we get some action to the downside. Short Oct 15th Puts with $35 dollar strike. Not financial advice.
AMEX:XLFShort
by Akksujean
2
Big weekend leading up to Jackson HoleWow! Markets are coming to a head fast! S&P futures have been low volume and ripe with volatility growth. Jackson Hole approaches and hedging / volatility futures have priced in movement to the downside. Bears are waking up from a long 1.5Y nap after feasting in March of 2020. China Tech sector continues to get pounded. Why is China Tech sector so important? Like the QQQ & Mega Caps led the S&P growth, so has the China's tech sector. The TVC:NI225 has been in decline since Feb as a result of several controversial decisions the Chinese Gov have made including the crack down on crypto and US listed companies. Last Friday the TVC:NI225 crossed over the 50/200MA death cross and a descending wedge breakout. Yesterdays close was the first close below the breakout line and last night the decline continued its breakout downward. This is important because of the gap that has formed between the S&P 500/QQQ/DIA and recently rejected the top of the TVC:NI225 descending wedge. I'm starting to think the bulls have ran out of steam and will continue to get pulled down by the declining Chinese tech sector and unwinding volatility into September that could put the markets into a 10-12% correction territory sooner than later.
CME_MINI:ES1!
by SPYvsGME
💣Double Head and shoulder pattern on BTC💣Still, I think that BTC needs time to start again (UP UP). What is your idea? 🧐 Bitcoin Analyze (BTCUSDT Perp) Timeframe 15min ( Short term ).📉 If you remember Symmetrical Triangle ( Post Topic: 🔥 Bitcoin is on Contracting Triangle 🔥 (Road map)🧐 ), the price was able to break it ( Down ), and now BTC is running at Range Channel (Between 37680$ and 36070$ ) for more than 2 days , after it did Pullback to the lower line of our triangle. In this area, we have a Resistance Zone . Resistance Zone includes Pitchfork's Lines + Yearly Resistance 1 ( 37678$ ) + Cluster of Fibs . Also, I found Rising Wedge Pattern ( The wedge broke down ) + Big Head and Shoulder Pattern (It has a Divergence ( MACD ) between Left shoulder with Right shoulder) + Small Head and Shoulder Pattern (It has a Divergence ( MACD ) between Left shoulder with Right shoulder). My Suggestion : we can wait for breaking our Necking lines (to down ) == Triggers Take profits for Short Positions: Take Profit 1 : 35200$ ( Small Head and Shoulder' Target )== Reward to Risk(RR) is Not Suitable ❌ Take Profit 2 : 33950$ until 33480$ ( Big Head and Shoulder's Target+Weekly Support 1 )== Reward to Risk(RR) is Well ✅ Take Profit 3 : 32500$ until 32380$ ( Support Zone )== Reward to Risk(RR) is Perfect ✅✅ Stop Loss: 37520$ ( Over Right shoulder of Small Pattern ) & 37820$ ( Over Right shoulder of Big Pattern ). 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. Good luck
Short
by pejman_zwin
6
📉 Bitcoin Analyze Timeframe 1h ⏰(short term) 📉Hi, I hope that u have a great day. Bitcoin Analyze ( BTCUSDT Perp ) Timeframe 1h ( Short term ).📉 If you remember Symmetrical Triangle ( Post Topic: 🔥 Bitcoin is on Contracting Triangle 🔥 (Road map)🧐 ), the price was able to break it (down), and now BTC is running at Regression Channel until complete Pullback to lower line of our triangle . In this area, we have a Resistance Zone + TRZ (Time Reversal Zone). Resistance Zone includes Pitchfork's Lines + Yearly Resistance 1 (37678$) + Cluster of Fibs + Lower line of Symmetrical Triangle . Also, I found Rising Wedge Pattern at RSI (The wedge broke down) + Hidden Divergence ( HD- ) between MACD and Price , Until NOW + Ascending Channel on MFI (Money Flow Index/This channel was broken downwards ). My Suggestion : We can find the best triggers on TRZ for opening Short Positions OR we can wait for breaking our Regression Channel (to down). Take profits for Short Positions : Take Profit 1 : 33480$ ( Weekly Support 1 ) Take Profit 2 : 32500 $ - 32380 $ ( Support Zone ) 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. Good luck
Short
by pejman_zwin
7
Using Linear Regression ChannelsLinear Regression Channels are a great way to identify potential key levels of future price action by graphing the normal distribution of a trend. When using the Regression Trend tool (located in the drawing panel under the “Trend Line Tools” group) two points on a trend are chosen, generally at the beginning of the trend and the end of the trend. When the two points on the chart are chosen, the normal distribution of the dataset is calculated between the two chosen points and displayed in the form of a linear regression channel. The center line in this channel is the Linear Regression Line or Mean, and the upper and lower lines are the Upper and Lower standard deviations from the mean as set in the tool’s settings (default settings are +2 and -2 standard deviations from the mean). The correlation of this linear relationship is displayed as Pearson’s correlation coefficient , or Pearson’s R. This can be displayed or hidden on the chart by selecting it within the tools style menu. Pearson’s R shows the strength of the correlation as well as its direction, with values moving between -1 and 1. As Pearson’s R moves further away from zero, the strength of the linear relationship between price and time increases. When using the Regression Trend tool, Pearson’s R will always be set as an absolute value (positive), but the direction of the trend can be visually identified. Mean reversion When a regression trend has a high correlation, this is due to the consistency of price action laying along the mean (center line), with fewer points moving above and below the mean line to the upper and lower standard deviation levels. One way to trade using a linear regression channel is to trade the price action as it moves away from, and back to the mean. As this tool is used, it is important to note that a channel graphed containing more bars and having a high correlation is more likely to have price continue in that trend than one that is graphed with only a few bars and having a high correlation. The length of the trend should be considered when trading these channels. With the Regression Trend tool, you can start utilizing statistical analysis in your trading strategy with only the click of a few buttons!
Editors' picks
NASDAQ:QQQEducation
by TradingView
53
2020 Dominance Channel BTC.D #btcdominance #bitcoin $BTC #cryptoHere we see our Btc Dominance chart . As you can see we have been in the same regression channel for all of 2020 . That pink and blue box on the chart is a regression channel indicator. We are also about to hit a TD Sequential 9 in green ( that's those numbers you see on top of the candles . ) When we hit a number 9 in green on November 20th we then saw steep downward dumping happen and I expect the same will happen again . If this channel seems like it will be continuing into 2021 then we could see an altseason on the way when Bitcoin Dominance starts to go down .Also notice that rsi is about to wick up to that red line - again there should be a turnaround there soon too.
CRYPTOCAP:BTC.D
by shimmeringpath
7
You are so beautiful , to me BAT/BTC #crypto $BATHere we have our Bat bitcoin pair on a 3 day chart .As you can see Bat broke down from that channel it had been in and had a hard dip down as most alts did when Bitcoin pumped over 15 k yesterday making a new yearly high . The rsi has also bottomed out here and I have to say this is looking beautiful to have probably a 100% rise ,in my opinion . Now sitting at 1296 sats and looks like it should easily come up to the bottom of that pitchfork near 2000 sats ( the blue area above our current price . ) But we could also easily go up to that red heart on my chart which is the bottom of that Ichimoku cloud near 2700 sats . That would be over 100% from where we are now but either way it's a good return . First we need to break out of this regression channel we are in ( this downward channel we are in ) we need to find bottom and then start to turnaround and break upward but it is looking highly likely . If we break through that Ichimoku cloud we could see more than 2700 sats but I'm not necessarily expecting that . Such a beautiful chart ....
by shimmeringpath
GOOS Long-term PlayGOOS has seen a new powerful trend emerge - a great entry would be at the bottom of the channel, it a break over the channel. Especially with the winter season coming up, a better than expected ER, and online commerce doing well, 2021 calls look great. Above charted are the Fib lines and powerful resistance lines from previous months - best entry would be low-30s, more accurate is following the trend of regression. Optimal exit set at 44.97, strong resistance from 2019.
NYSE:GOOSLong
by Samirp01
$4600 Bitcoin as 2021 low ? BTC/USD #Bitcoin $BTC #cryptoHere we see that huge pink and blue regression channel on our 3 day chart . You can see we have reliably remained in this channel since 2018 even through highs and lows. It seems until All Time High is breached above 20k that we will remain in it . That means we will revisit the bottom pink part of the band at some point . If that happened , for instance , next summer of 2021 it would line up perfectly with our bottom trendline ( that thin purple line ) and bring us a $4600 Bitcoin price next summer . You can see it on my chart where the orange B is . Also that area is roughly where our .236 fib is from our full fib . This is a great collection of different indicators that we will see a great price sometime next year . I believe the price could always wick a bit above or below there though , say from 4200 to 5800 but for sure we should see sub 6k and as long as we don't break below our 2019 low of 3150 we are still long-term bullish .Good things ahead !
BITSTAMP:BTCUSD
by shimmeringpath
6
13300k Incoming ? BTC/USD $BTC #Bitcoin #btc #cryptoBitcoin surged last night above 11800 and right now is 11950 - just under 12k . Surely 12200 will come soon. But more importantly we are now inside the 'blue' band of that pink and blue regression band . We had been in the lower pink part of that band for awhile but last night we broke up into the blue part of this 'regession channel '. That's bullish imo . That should mean we head up to the top of the blue area of the band . That should bring us to 13300 area and possibly higher ! I myself called for 14 k Btc by Halloween , see my idea linked below . Also the 13350 area is a .618 fib on the chart ( running your fibs from 2019 low of 3150 up to 20k . ) That's an important fib and almost certainly we are going there now . That red star on my chart should be the next level up we hit . Patience definitely brings good things to those who can wait !
BITSTAMP:BTCUSD
by shimmeringpath
2
Band Practice BTC/USDT #regressionband #Bitcoin $BTC #cryptoThis is that Pink and Blue Regression Band that Bitcoin has been in since the March dump . You can see we just wicked the bottom edge of the pink part of the band earlier today near 10600 . We are still inside it though and unless we go down and close below the band then we are still good to see some upside. See the red arrow ? Near 14k ? That is going to wick us up to the top edge of the blue part of the regression band . Whether we could go even higher after that ,it's always possible . But we seem to be going towards 14k .You can place a regression band on your chart very easily by just placing it and it clicks into place automatically so to speak .You will find it in the left side free indicators in Trading View , the first drop down menu .
by shimmeringpath
2
$TSLA to slowly downtrend to correction?NASDAQ:TSLA Seeing a possible slow down trend on $TSLA. Many other automotive companies are producing EV's, seems just another possible factor that could take away from TSLA's steam. On the Daily chart we seem to hit a period of consolidation. If this accumulation doesn't feed enough momentum to continue upwards- I'll be watching to see if this stays within the small regression channel, which could lead to ~1330$ area. If that doesn't entice buyers, I see this riding to the bottom of the larger regression channel & possibly resting around ~1200$ before developing a new trend. This analysis is strictly for educational purposes, as shorting $TSLA can be bad for your health and is ill advised. Good Day!
NASDAQ:TSLA
by NillaCoin
BRKS - Cup and Handle. waiting for a regression channel breakout$BRKS I would have been more convinced if the Pearsons value in Regression channel was >0.899 Also there is one bar above Regression channel and one bar below regression channel. 47.7 to 47.95 is a resistance area. Pearsons is not very important so as to not to take the trade as it is near 0.9 levels only. But still worth a buy as fundamental is strong. So i will place a buy above 48.2 for a 8 to 10$ move. But after a buy i will keep 47 as stop loss.
BLong
by RiderTrader