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Trend Lines

Rush Street Interactive Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Rush Street Interactive, Inc. Stock Quote - Double Formation * (Uptrend Argument)) At 7.50 USD | Subdivision 1 * 012345 Wave Count | Entry Feature Survey - Triple Formation * ABC Flat Wave Continuation | Subdivision 2 * Numbered Retracement | Uptrend Bias | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
NYSE:RSILong
by TradePolitics
Nucor Corporation Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Nucor Corporation Stock Quote - Double Formation * A+ Set Up)) At 203.00 USD | Subdivision 1 * 012345 | Wave Count & Entry Feature - Triple Formation * ABC Flat Wave | Downtrend Continuation | Subdivision 2 * 1.618 Area | Retracement Short Set Up | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
NYSE:NUEShort
by TradePolitics
How to determine trend line in trading?Determining a trend line in trading is a fundamental skill used to identify the direction and strength of a price trend. Here's a step-by-step guide to drawing and interpreting trend lines: 1. Understand the Basics of a Trend Line A trend line is a straight line that connects two or more price points on a chart, extending into the future to act as a line of support or resistance. Uptrend Line: Connects higher lows in an upward trend (acts as support). Downtrend Line: Connects lower highs in a downward trend (acts as resistance). Sideways/Ranging Market: Price moves horizontally, and trend lines may not be as effective. 2. Identify Key Price Points For an uptrend, identify at least two higher lows (swing lows) and draw a line connecting them. For a downtrend, identify at least two lower highs (swing highs) and draw a line connecting them. The more times the price touches the trend line without breaking it, the stronger and more valid the trend line is. 3. Draw the Trend Line Use a charting platform to draw the line manually. Connect the swing lows for an uptrend or swing highs for a downtrend. Ensure the line is not too steep or too flat; it should reflect the natural slope of the price movement. 4. Validate the Trend Line A valid trend line should be touched by price at least three times. The more touches, the more reliable the trend line. If the price breaks the trend line significantly, it may indicate a potential trend reversal or weakening of the current trend. 5. Use Trend Lines for Analysis Support/Resistance: In an uptrend, the trend line acts as support. In a downtrend, it acts as resistance. Breakouts: A break below an uptrend line or above a downtrend line may signal a trend reversal or continuation, depending on the context. Trend Strength: A steep trend line may indicate a strong trend, while a shallow one may suggest a weaker trend. 6. Combine with Other Tools Use trend lines in conjunction with other technical indicators (e.g., moving averages, RSI, MACD) to confirm trends and potential entry/exit points. Look for volume confirmation: Increased volume during a breakout or bounce off the trend line adds validity to the signal. 7. Adjust as Needed Trend lines are not static. As new price data comes in, you may need to redraw or adjust the trend line to reflect the current market conditions. Example: BTC has touched the line that I've drawn multiple time so It is a reliable Bullish Trend line. The next Possible connection can be around 93.5k! the line also acts as a support. By mastering trend lines, you can better identify potential trading opportunities and manage risk effectively. Always practice on historical data and use proper risk management techniques.
BITSTAMP:BTCUSDEducation
by CRYPTONIC_trend
Bitcoin Dominance Pumping , Is the Altcoin Market in Trouble ?Bitcoin dominance has broken a significant resistance level, signaling a shift in market dynamics. The previous double top formation has completely failed, and dominance is now sustaining above the prior highs. This development has bearish implications for altcoins, as Bitcoin's growing market share typically leads to capital outflows from the altcoin sector. Key Points on the Chart Double Top Failure & Breakout Confirmation The market was previously forming a double top pattern, a classic reversal setup that often signals a potential decline. However, BTC dominance not only broke the double top resistance but has held above it for multiple days, confirming bullish continuation. A failed double top often results in a strong move upward, as short-sellers covering their positions add to the momentum. Ascending Channel Structure The chart shows BTC dominance moving within a rising wedge/ascending channel formation. The breakout above the mid-channel resistance suggests an acceleration in trend strength, increasing the likelihood of BTC dominance rising further. As long as dominance stays within this structure, Bitcoin will likely outperform the altcoin market. Key Support & Resistance Levels 56.44% level was a major resistance in the past and is now a confirmed support zone. 61.91% (current level) marks the breakout region, now acting as new support. If dominance continues its uptrend, the next potential resistance area could be 66%–68%, marking the upper boundary of the trend. Impact on Altcoins Altcoin Weakness Likely to Continue Historically, when BTC dominance increases, altcoins tend to bleed as capital rotates toward Bitcoin. Many altcoins may struggle to gain momentum unless BTC dominance reverses from this region. Conditions for Altcoin Recovery For altcoins to regain strength, BTC dominance must decline from this breakout zone. A rejection from the upper trendline (~64%–66%) could create a temporary relief rally in altcoins. Altcoin Seasonal Trends Typically, altcoins start recovering once BTC dominance peaks and shows weakness. Until then, Bitcoin remains the safer bet, while altcoins carry higher risk. Trading Considerations & Strategy For BTC holders: The breakout suggests strong dominance continuation, meaning Bitcoin may remain the best-performing asset in the short term. For altcoin traders: Monitor Bitcoin dominance closely a drop back below 60% would be the first sign of relief for altcoins. For market timing: If BTC dominance approaches 64%–66%, a potential rejection could provide entry points for altcoins. Bitcoin dominance has broken a crucial structure, signaling altcoin weakness and Bitcoin strength. Until BTC dominance reverses or consolidates, altcoins may struggle to gain momentum. Watch the 64%–66% zone for signs of exhaustion if BTC dominance starts rejecting from there, it could mark the beginning of an altcoin resurgence.
CRYPTOCAP:BTC.D
by wolfchemist
Bodycote PLC Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Bodycote PLC Stock Quote - Double Formation * A+ Set Up)) | Completed Suvey | Subdivision 1 * 012345 | Wave Feature & Entry Bias - Triple Formation * Trendline 1&2 | Triangle Pattern | Subdivision 2 * 1.618 Area | Retracement | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
PEPPERSTONE:BOY.GB
by TradePolitics
W.W Grainger Inc. Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session W.W Grainger Inc. Stock Quote - Double Formation * (Uptrend Argument)) At 1.050.00 USD * 012345 | Long Support & Entry Feature | Subdivision 1 - Triple Formation * 1st Retracement | Downtrend Continuation | Subdivision 2 * 2nd Retracement | Short Term Bias | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
PEPPERSTONE:GWWShort
by TradePolitics
USDCHF Wave Analysis – 7 February 2025 - USDCHF reversed from support zone - Likely to rise to resistance level 0.9185 USDCHF currency pair recently reversed up from the support zone between the round support level 0.9000 (which also stopped the previous correction (2)), lower daily Bollinger Band and the support trendline from December. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Piercing Line. Given the clear daily uptrend, USDCHF currency pair can be expected to rise to the next resistance level 0.9185 (which has been reversing the price from May of 2024, as can be seen below).
Long
by FxProGlobal
Starting a Bitcoin Analysis Series – February EditionI’m kicking off a Bitcoin analysis series for February , where I’ll be sharing quick and to-the-point updates on the Bitcoin chart throughout the month. Alongside that, I’ll also post my trade ideas as they develop. The goal is to stay on top of the price action and navigate the market with clear, structured setups. I might not be able to catch every single move, but I’ll do my best to cover the most relevant ones. Hopefully, this will lead to some solid trades and strong results. At the end of the day, it’s not that complicated—you just have to trade what you see . Looking forward to an exciting month in the crypto market!
by stromm
CVS Health Corp | CVS | Long at $43Not much to write about here except the stock has reentered the "crash" simple moving average area (see green lines). Often, this signals an overall bottom, but it doesn't mean a further dip below $40 isn't possible in the near-term. Personally, I can't ignore this reentry and thus have started a position at $43 (after closing out a previous position in October in the $60's). The company has a lot of headwinds, but if Walgreens NASDAQ:WBA is also in trouble, is NYSE:CVS too big to fail in the short-term? Target #1 = $53.00 Target #2 = $60.00 Target #3 = $65.00 Target #4 = $68.00
NYSE:CVSLong
by WorthlessViews
1
USNAS100 : Toward ATH or Not Yet!USNAS100 Technical Analysis The price may stabilize in the bullish zone after holding above 21,380 and breaking the pivot line at 21,635. Currently, a correction is expected before another push upward to break 21,760. A 1-hour candle closing above 21,760 will confirm a bullish trend towards 21,900. The bearish scenario will be triggered if the price stabilizes below 21,635 and 21,535. Key Levels Pivot Point: 21760 Resistance Levels: 21890, 22010, 22100 Support Levels: 21635, 21535, 21380
OANDA:NAS100USDLong
by SroshMayi
NFP, continue to buy goldDear traders， Gold is currently trading around the 2865 level. To be honest, there are no clear signs of a market top at this stage, which indicates that gold still has upside potential. From a technical perspective, as long as gold holds above the 2850-2840 support zone (yesterday’s low), it retains the potential to continue its rally toward the 2900 level. However, with the upcoming NFP release, market uncertainty will increase. Even if the data supports further gold appreciation, the sustainability of the move remains uncertain. Additionally, after a prolonged rally, gold may require a corrective pullback for price consolidation. Therefore, it is crucial to lock in profits in a timely manner and avoid excessive greed or unnecessary risk-taking. From a trading perspective, long positions can be considered around the 2860-2850 support zone.Bros, do you have the courage to join me in continuing to be long gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
McDonald’s: Trendline Breakout Before EarningsMcDonald’s has slid for about three months, but it may be attempting a breakout as earnings loom. The first pattern on today’s chart is the series of lower highs since October. MCD pushed above that falling trendline in late January and has stayed above it since. That may suggest an intermediate-term decline has ended. Second is the August 16 weekly close of $278.49. The hamburger giant tested and held that level a few weeks ago. The bounce coincidentally occurred near the 200-day simple moving average (SMA). Speaking of moving averages, the 50-day SMA had a “golden cross” above the 200-day SMA in September. Is the longer-term trend getting more bullish? Next, the 8-day exponential moving average (EMA) is above the 21-day (EMA). MACD is also rising. Both of those signals may be consistent with a short-term uptrend. Quarterly results are due Monday morning. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:MCD
by TradeStation