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Ascending Channel

EUR/CAD: Change the trend confirmedEuro/Canadian Dollar look bullish in H1 and H4 timeframe. Now, I will explain very well what happen in each timeframe in my way We se a bullish divergence in the RSI in H4 timeframe, and the price look bullish in this side. Also, we are in the resistance zone around $1.3055 CAD, but this could be invalided as our key resistance it's around $1.3160 CAD. Because in Daily timeframe as we forming a bullish envolving pattern, the price could to lead to the upside and following in H4 timeframe that look bullish case. i will put a buy order place to $1.2965 CAD, Stop Loss to $1.2926 CAD and take profit to $1.3160 CAD. And this can be a huge opportunity of 195 pips to earn. In H1 timeframe our best support it's around in the previously lower high or in the blue dark zone that it's our best zone to buy and not now as this could be a smart zone to bought I hope hope that this idea support you Good luck!!!
Long
by harisonhbn9718
2
$XLE (Energy) seems to be making the same pattern as last time!Notes: * I last spoke about this around the end of May as it was forming an ascending wedge Now: * It seems like the Energy sector ETF $XLE is making an ascending bearish wedge/channel once again. * It's showing resistance around the $82.9/8 area again. * I wouldn't be surprised if it has a fake breakout to the upside face resistance around the ~$88.7 area and eventually falling back inside the channel. * I'm neutral for the time being but keeping a close eye on this for a bearish reversal. It doesn't seem extended yet, that's what makes me think that it may actually break out to the up side before heading back down.
AMEX:XLE
by HaseebKhan_90
2
EURGBP can move lower? 🦐EURGBP after our previous analysis reached the support area at a confluence zone. The market is trading inside an ascending channel and we can expect s further bearish price action. How can i approach this scenario? I will wait for a clear break of the area and in that case i will looking for a nice short order according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
8
Mean reversion buy on earnings crash of $LRN $LRN has been trading in a bullish channel for over a year now, and now is retesting the lower end of the channel's support. I'm entering a long position as the previous two candles were a doji and inverted hammer, both being strong signs of reversal. Additionally, at open, the stock gapped down below the lows on both the previous two candles, giving a good risk/reward ratio for this trade. I'm aiming to sell when the price crosses back to the moving average 50, for a small swing, but will cut my losses if the price falls below ~33.17, around where the previous trough's low was.
NYSE:LRNLong
by spiritualhealer117
EUR/GBP: Bearish fundament in EuroWhat I think it's that they're an impact negative in the Europe energy crisis as governments are starting to share higher energy costs with European consumers, that thing that we should to call a worry scenario that will affect the European economy and of course the performance in the trades and business. Also I know that UK has a bad expectative in based the high cost of living and inflation out of control in the lives of Britain people. But that forex par make a high correlation and sensitivity with 2 biggest nation UK and EU. That it's all my fundamental key that I bring you everyday. So, Euro/Sterling Pound look in my technical analysis into this bullish channel and I believe that Euro it's more weak in front of Pound. Also, we could to expect this projection in the movement in EUR/GBP to open short position in this. Also, in Daily timeframe, we see a high probability that Euro could to weak more than Pound in based that we're fundamentally in the worst crisis in Europe never see by decades and a lot fears in the global financial market, more specifically in European markets. 0.8677 GBP, Stop Loss to 0.8511 GBP and take profit to 0.8416 GBP. This it's a risk/benefit 1:2. I hope that this idea and analysis support you and using the fundamental keys to watching what happen in the global financial market Good luck in this trade!!! So, I will put a sell place to
Short
by harisonhbn9718
4
GOLD - New bull market has started! | All-time high next year Gold has bounced successfully from the strong support level on the weekly chart. As per my Elliott Wave analysis, an ABC correction (FLAT) + Wave (4) have been completed, so we can start a brand new impulsive wave! On the weekly chart, we can spot a beautiful rectangle consolidation, which is a strong continuation pattern. The price is above the 200 moving average. The 200 weekly MA is considered a very strong support area by huge institutions and hedge funds. I think this will be the final impulsive wave and then we can go back to retest the rectangle from the upside. You can place your profit target at the top of the parallel channel , but do not forget to switch to the LOG scale. For more analysis, please hit "Like" and "Follow"!
OANDA:XAUUSDLong
by UnknownUnicorn2537518
32
We found support on the retest of the top trendline of the wedgeWe can see here on the 1day bybit chart how the wedge we broke above recently is the exact support we are currently finding support on upon the retest. Maintaining this as support would be huge as it would confirm the breakout of the wedge. We can see we are also still inside a rising channel in red. Confirming the breakout of the wedge should take us to the 60k range…if we lose this as support and dont soon reclaim the 200weekly ma and 50 monthly ma’s as support, then there is a slight chance the bottom isn’t yet in. *not financial advice*
BYBIT:BTCUSD.P
by DrDovetail
short-term analyze for btc (bitcoin)hello guys as you see on chart, btc form in a ascending channel and at the end of the rising price, the quality of the trend has decreased until break down bottom line of wedge or bullish trendlin! now price is at the bottom of the channel and it is so possible it has a very short upward movement until... let me explain two scenarios: scenario 1: after breaking down bottom of wedge price formed a long bar candle and every long bar candle has a hidden gap on it. on this case hidden gap formed on $22395 and this price is so much suit for short position until reach and touch that liquidity pool. i mean $20070 scenario 2: this chart had decision point before breaking down and this area it is so valuable for short positin, i mean $24174 by sl= $25000 always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment. BE PROFITABLE
Long
by melikatrader94
15
Bitcoin Ascending Channel Hi everyone, Thank you for considering reading my idea. On my last idea, I mentioned that we could be forming a higher high but it only went as high as $25.2K (1.272 level of fib retracement or 0.5 level of a bigger fib retracement) I also mentioned it could be an ascending channel which is a bearish pattern. Target of this pattern is at $19K which would form a new lower low. Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA. TAYOR. DYOR. Cheers, Juvs
BITSTAMP:BTCUSDShort
by Juvssss
2
Bitcoin - Last valid bullish EW count was invalidated, what now? I studied this market structure for several hours, and my conclusion is that there is no valid Elliott Wave bullish count. Simply, a valid Elliott Wave count does not exist. Is this a problem?  From the Elliott Wave perspective, there are 2 possible options: 1) If we want to stay bullish, we have to accept the fact that a third impulsive wave can sometimes be a diagonal, not only an impulse. which I think could be true.  2) This was a huge WXYXZ corrective structure and we must go below 17622 USDT to confirm this count, make a new low, kindly by a wick, and then we can start a brand new uptrend or continue lower to 13-15k.  Which one of these options do you see? Let me know in the comment section what you think about it!  This technical analysis shows an impulsive wave with a non-standard diagonal third wave. We still have a total of 9 waves, which indicates a bullish movement as per the simple rule that 5, 9, 13, 17,... waves are generally impulsive structures.  Market structures are not perfect. Sometimes you can see a weird triangle or a weird wedge, as well as a weird impulsive wave. I don't trade Bitcoin, because my strategy and system is a strict pattern that occurs only sometimes in the market. That's why I watch 1000+ altcoins and pick only the most promising ones as per my strategy. But I do have Bitcoin for the longterm hodl.  For more ideas, please hit "Like" and "Follow"!
by UnknownUnicorn2537518
75
Ethereum ETH - More upside is coming! | Elliott Wave | Channel People are calling for ETH to flip BTC, but this is really a serious thing. If BTC loses its #1 position, then it could be a catastrophic scenario and may cause a panic sell of BTC. Of course, this event will take down all coins. But I don't really see any reason for ETH to flip BTC. If you want to bet on it, then good luck, but the chances are really low in my opinion. But overall, Ethereum is still one of the strongest altcoins in the crypto market at this moment. I expect one more impulsive wave to the upside to complete the superior impulsive wave (as per my Elliott Wave count). Also on the daily chart, we have an ascending parallel channel with a very well respected upper trendline. There is absolutely no bearish divergence on the RSI indicator, so the uptrend is really strong and stable. Of course, there is a possibility that we will retest the parallellity of the channel from the downside. Look at my ideas about Bitcoin, alt season and BTC dominance in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
51
We're NEAR the edgeNEAR has been trading in this ascending channel since the beginning of August, pretty much like every other altcoin. However, NEAR sometimes detaches from BTC's usual movements so it is one that can make us profit and hold its support when others don't. From a TA perspective this ascending channel has held many times before and held once more today. As long as BTC keeps some stability and continues to stay within its short-term ascending channel without large moves downwards, NEAR can move toward the top of this channel for a ~15-17% profit. Of course, it is very important to remember in every altcoin analysis, that BTC is still in an overall downward channel on the weekly timeframe. A move downward can cause major volatility in the alts. As usual, this is not financial advice and all ideas are for education purposes only. Always happy to hear more and learn about different perspectives so please feel free to leave any comments and thoughts below!
Long
by kush23456
AUDJPY, 2 Possible Sell Senarios Hello Traders, AUDJPY has been moving within a HTF ascending channel creating clear price action for a couple opportunities for a sell position. Price is approaching a level which could give us a strong bearish reversal as looking in previous history has been tested 3 other times pushing price downward. I will be looking at the LTF for bearish confirmation if price reacts from this 95.72 level. If price impulsively breaks above this level I will be waiting for it to touch the upper boundary of the ascending channel, making a new high before looking for bearish confirmation for another sell opportunity. Trade Safe Thanks
Short
by ktlfx
2
BITCOIN new high 🐋💣🚀Hello 🐋 Based on the chart, the price is close to the support zone middle of the channel and the green trend lines that act as a support ✔️ if the price does not break this support zone to the downside, we expect to see a new high for the price at least to our channel resistance 💣🐋📖🚀 and our important support areas are $24300 and $24070👌✔️ Please, feel free to share your point of view, write it in the comments below, thanks 🐋
BITSTAMP:BTCUSDLong
by MadWhale
23
CHFJPY | New PerspectiveThe JPY is the weakest of the major currencies, and that has helped to propel the Swiss franc higher as well. However, from a technical perspective; a breakdown of the ascending channel identified on the 4H time frame, are we going to be seeing a downtrend continuation this week? Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
Ethereum ETH - Rising wedge is crashing! Drop to 1250 USD? Ethereum is unfortunately losing steam, according to my technical analysis. On the daily chart, the price is printing a clear rising wedge pattern that is currently breaking down! Ethereum has already made a massive 105% gain in 51 days, so I think the wedge is likely to break down rather than up. As per my Elliott Wave analysis, which is my main specialization - a major impulse wave has been completed and we are prepared for an ABC correction to the downside. Volume is generally lower during the 5th wave, and this is a textbook example here on the chart. If we take a look at the RSI indicator, we can spot a nice bearish divergence with a lower low swing on the indicator. The question is how deep the correction is going to be. We are retracing the first wave, so the correction is usually deeper. You can see 3 levels on the chart where I expect a bounce. For more ideas, please hit "Like" and "Follow"!
by UnknownUnicorn2537518
76