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Channeltrend

EUR/USD in a lovely rangeThe algorithm has found an interesting pattern in EUR/USD. Red in chart After the break of the previous channel the price has corrected a 61,8%, the fibo level but this is also the previous zone of supports and resistances. If that's not enough, it's also the last level with accumulated volume, if we move to 1,08 the volume disappears which would be the perfect storm for a rally until the zone of 1,12 where we should expect offer again. Green in chart To see the rally to 1,12, a fast break of 1,08 must occur. So having enyrty postitions over 1,08 could be an interesting strategy with a good risk reward ratio. Blue in chart The model predicted this area as a key level to stop rallying due to multiple reasons: 1. Prior supports and resistances. 2. High volume accumulation, meaning that offer is probably waiting here. 3. 61,8% fibo level. 4. High band of the new uptrend channel. After this lateral market started dec 15, the break could firstly occur in the downside, breaking the support of 1,06. If this occurs a small double top pattern would be confirmed and we should see the price to 1,04 soon. This level would be key to see if we are still in a lateral correction of this uptrend.
by TopChartPatterns
NASDAQ 100 Futures for the week 1/9 to 1/13An update for the previous post. Just be careful of one thing... When the resistance is too obvious (the kind that everyone can see and is waiting for the same opportunity), the market is likely to shake some people out of the boat first. So it's safer to wait for the market to re-test the support (resistance turn support) after the breakout. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
CME_MINI:NQ1!
by stock_adelie
APPL's TP price for the bears1. Price is trending within the down channel perfectly. 2. Purple color: The price broke below the horizontal support of the ranging zone (0 to 1). And using the 1:1 ratio strategy, TP price is expected at the next 100% level (level 2). 3. On the way to level 2, we may want to pay attention to level 1.5, where the level could be a horizontal support. 4. Orange color - another strategy to use in this scenario: Down "N" strategy: Key move --> rebounce --> (following an N pattern) After breaking the purple ranging zone 0 to 1 (the rebounce), the market would be highly likely to repeat the key movement (the orange force). Therefore, the bottom of the orange box could also be a strong support. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
NASDAQ:AAPLShort
by stock_adelie
WWE - rising channel What we can see on the chart is a strong resistance and a support level that have been tested multiple times before. The lines are forming an upwards channel. The price hit the resistance, so we are expecting that the price will go down. The stochastic was overbought the previous days, now it is pointing downwards. How to trade: Enter the short position only when/if the price breaks down out of the rising channel. Do not forget the stop loss to protect your capital.
WShort
by vf_investment
5
Toncoin Eyes $3 But RSI Sets Record for Most Overbought Reading Telegram's Toncoin (TON) may be leading in crypto market gains, but its daily Relative Strength Index (RSI) is currently at the most overbought reading in its history. However, as the TON price is battling the middle of an ascending channel, a breakthrough could expose the upper channel resistance trendline, which aligns with the $3.00 psychological level. RSI Overbought As of December 15, the daily RSI stands at 84.96, which marks the highest point ever on the daily chart and is well above the classic overbought reading of 70. The previous highest RSI reading was recorded earlier this year on October 26. During the previous run in October, TON's price was also testing the middle of the ascending channel, just like today's price action. At that time, after TON reached the RSI overbought signal, its price sold off to retest the bottom of the channel. TON Ascending Channel From a technical perspective, TON's price action is moving inside an ascending channel, which can guide future price movements. If we project to the upside of the same price range we experienced between the middle of the channel and the channel's support, then we could expect a 61% rally. A rally of this magnitude would send TON's price to the top of the channel, right around $3.00. Looking forward: Prices in the middle of the channel, between $2.50 and the $2.00 were once key resistance levels, but now act as support levels. These are the prices to watch on the way down.
by cryptohopper
3
gbpusd, shortSimilar to the Eurodollar, the pound dollar will enter correction after hitting the ceiling of the descending channel and will move towards the ceiling of the channel after correction again. Stay with me to get more analysis after following me by sharing with friends and leaving a comment According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
Short
by Hamiratrading
5
$ETH - What now?$ETH - What now? Honestly, the answer is nothing. I haven't traded or even bothered with crypto overall for months. I actually have preferred the classic gold and silver. There is nothing exciting going on and if I get in crypto it's only for long side. There is no long side for me at the moment we within the ranges and break to either direction but with crypto overall it lacks regulation, we saw that throughout various collapse of firms and the infrastructure is very new. IMO - I am out until it suits my plan to get back in for now, I prefer the side-lines. Trade Journal Not Investment Advice or Signal Provider
BITSTAMP:ETHUSD
by Trade_Journal
3