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W-m-pattern

2/13/2023 Upcoming SPY and Market diveIn this Video I discuss upcoming events quickly, then dive into the weekly analysis of the SPY ETF which is a good proxy for the S&P500 that is often a tell on general market movements. We also discuss some recession indicators, and some pattern analysis. Also dont Forget CPI is released on the 15th. You can jump to the below links and hit the play from the dates submitted and it will play out the bars from publishing until now. I will keep this going so we can follow outcomes to analysis!
AMEX:SPYLong
by Markets-Sniper
BTCUSDTHello my dear friends Looking closer at Bitcoin, the four-hour timeframe We have an ascending wedge pattern at the end of the uptrend, which is accompanied by a negative divergence. But the support area of $22,213 has not been fully consumed, due to the fact that this area is not consumed, there is a possibility that the increasing trend will continue to higher areas. But if the range of $22,213 is consumed, our wedge pattern is valid and we can expect the formation of a downward trend similar to the drawn scenario. We would be happy to hear your opinion.
Short
by FiboTech
4
j.Hejazi | GBPCAD Bearish TrendThe GBPCAD currency pair has failed to make a higher high and instead made a lower high. It then broke the monthly trend line and the 50-day moving average, immediately testing the neckline of the double top pattern. On the last day of the previous week, the price managed to break that line with a high momentum candle engulfing all of that week's candles. Now, the price is clearly targeting the next support level at 1.58000 to make the first lower low in the bearish trend. Jumping into this trade right now is not recommended due to the close target and far stop loss. Those who have not yet entered the trend can do so by waiting for any pullback and trying to sell from the highest available price. ---------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
BTC - Final Boring Torturing Phase Before BreakoutAs we can see BTC is behaving very simmilary of what XRP did after the SEC lawsuit in 2020. Wyckoff accumulation pattern is almost done, we just have to go through last boring phase, which could drag quite some time. We could be doing a simple ABC correction. Its a phase where a lot of retail will sell, specially those that bought back in at this recent 24k high. Imagine if prices were to stay hoovering here till Sep., when most of retail tought we are already breaking out. For those who understand Wyckoff accumulation pattern, we are currently in SOS (Sign Of Strength) phase and are haeding to LPS (Last Point of Support) in an ABC style which could be as low as 18.3k so don't get scared if that happens. As far as ABC correction goes, we could be already be done with an A wave and are heading up a bit for a B, but i'm not shore about that as A wave could still be in the making. I am not expecting any violent breakdown as there are just to little long positions open as opposed to short ones. DISCLEMER: I am not a financial advisor so non of this should be taken as a financial advise. Be well.
by CR35
2
BNB: Unstoppable BullsHello Traders! Welcome back to another Post with analyst Aadil1000x. This is another beautiful post and i loved the way patterns are forming in BNB not only are many steps predictable in BNB but we are not here to trade every step of BNB but i am here to advise you for some long-term holding. In my post, many traders might not agree with the directions of the breakout of the patterns because I have broken many rules. It is surprising that the wrong way of pattern trading is the most liked post and people argue on the correct way of trading. Figuring out the perfect chart is tough so they chose the easy way to analyze and market makers take benefit of their capability. I crack a perfect chart after understanding the user manual of brokers/market makers. Let's inspect the chart now. There is a bear flag pattern in the bigger picture and we can clearly see there is a reversal pattern after a breakout and market showed a nice bullish move and the last pattern is a rising wedge pattern. If we go blindly then selling a rising wedge will give you a 35% of time profit and buying will make a profit of 65% time. If we don't go blindly and do deep analysis then we can crack the next move with up to 95% accuracy. This time this is a bullish formation and BNB will break through the roof and will not stop even after breaking the roof. Don't forget to hit the like button and follow to stay connected.
Long
by Aadil1000x
6
j.Hejazi | SPX500 Triangle BreakoutThe SPX500 failed to reach a new high when it hit resistance at 4160.0, forming a triangle pattern. The price has broken the ascending trend line and the 4-hour 50 moving average, and a break to the downside of the pattern at 4080.5 would confirm a new downtrend, signaling a sell with a target of 4006.0. On the other hand, if the price breaks the pattern to the upside, we must wait for it to clear the 4186.0 level before considering buying opportunities. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
OANDA:SPX500USDShort
by Candlestick_OB
8
DAX - ☕DAX - ☕ One of my most favourite patterns! Cup & Handle pattern - Inverse! I've back tested this pattern many times and it never has failed me with the correct amount of risk etc. What states on your plan, that's the greatest importance. Highs: 15420 Lows: 15280 A break above the highs this trade plan is no longer valid. A break below the lows I expect the continuation of bearish price action to continue and breaks below the trendline then we may go towards 200 EMA area. Have a great week ahead, Trade Journal Key tip: Ignore the noise
G
by Trade_Journal
BTC 3-day A follow on to our last 2 charts covering BTC's 3-day Pattern! The 1-day Golden Cross has occurred and each time that it has in the past, BTC retraced just before or just after. Also following the cross of the 21 Moving Average Crossing above the 50MA, BTC retraced back to the 50 as id did in 2021, and crashing through it in 2015 and 2020. I have also noted that on the 1-day chart, BTC has been forming Bearish Divergence. 2021 was 28 days, current price action is 25-days! Will BTC follow these past patterns or can it do the unexpected and break through our 100EMA and out-trend resistance?
INDEX:BTCUSD
by livmac7
EURUSD wedge pattern. breakout to happen? let's go short!on the daily timeframe i have drawn an uptrend wedge pattern! as it is climbing to near breaking point, just how much further can it go to near breaking point? I dropped down to the 4H timeframe and drawn my S/R targets to reach if only it restests the resistance on the daily timeframe which to then i can place an sell order for a good price and give me a good entry for if the breakout become true! thank you for looking at my idea! share your thoughts with me! knowledge is power and i'm happy to learn from others! thank you.
Short
by RJLfamily
j.Hejazi | AUDUSD: Charting the Path AheadThe price on AUDUSD has followed the expected movement as outlined in the previous analysis . Currently, the price faces a combination of four resistance levels that need to be cleared before moving further down: a weekly trend line, a yearly trend line, the key level of 0.68650, and the 38.20 Fib level. It is probable that the price will bounce off these strong resistance levels and head back towards 0.70000 to form a head and shoulders pattern. ---------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
1
j.Hejazi | Bullish Signals for DXYThe US Dollar Index has produced a bullish engulfing candle on the weekly timeframe after failing to break down the weekly resistance level at 101.50. On the daily timeframe, there is a breakout of the falling wedge pattern with a positive divergence on the MACD indicator. The price still has three more resistance levels to overcome before it can be considered a buy signal: the yearly ascending trendline, the 103.5 resistance level, and the 50-day moving average. Once the buy signal is in play, the potential target may be 105.70, but the price may fall to retest 103.5 to form a head and shoulders pattern. ---------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
TVC:DXYLong
by Candlestick_OB