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Endingchannel

GBPUSD: bearish outlookBefore we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it ! GBPUSD 4H time frame: the price reaches the upper line of the parallel channel, and meanwhile we see a divergence between the price and MACD. the divergence support the dynamic resistant as the upper line of channel. Let's look closer at the end of the price movement. the chart below shows 1H time frame. buyers should be careful because at 1H time frame GBPUSD is printing an ascending channel (ending channel). buyers weakness is obvious. I expect a bearish outlook for GBPUSD.
Short
by niktraders
USDT dominance channel breakoutHello everyone Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it ! Please first read my previous analysis from the below link. USDT.D moved in the descending channel and reached a strong support zone. Also, we see a double divergence between the price and MACD. now, the price breaks the channel and moves upside. I think it is a good opportunity to long USDT.D.
CRYPTOCAP:USDT.DLong
by niktraders
Interesting situation for buying GOLD Hello everyone Before we start discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it ! XAUUSD : Please first read my last analysis about gold from the link below. I determined clusters for wave 5 using Fibonacci external retracement wave 4 and Fibonacci extension wave 3 that is shown in the chart and I expected the price reacted to one of these cluster. the price reacted well to the first zone that coincide with reaction to the lower line of parallel channel as the bullish ending channel. now, when we can buy? this is about your strategy and your risk profile, but I say my point of view. when the upper line of channel breaks upside, we can buy gold. where is my stop loss? if you buy with channel breakout, you should place your stop loss below last bottom. you can use minor or major bottom according to your strategy. where is my target? the hardest section is to fine target optimally. It is better your target is not smaller than your stop loss. My target is about 1800 $. please remember any analysis can be failed. so, manage your risk and respect your stop loss.
OANDA:XAUUSDLong
by niktraders
NASDAQ bears take over ------------------------------------------------------------------- pros: triple top pattern bearish divergence resistance 2 times not breached. US economy falling apart ? ------------------------------------------------------------------- cons: it is not 100% the rsi is not overbought(as lastly was). the trend is uptrend(but everything has to come to an end) ------------------------------------------------------------------- it's just idea. comment your idea. enjoy,and PEACE! -------------------------------------------------------------------
UShort
by bizmatej
EURGBP (Ending Channel, Three Drive and Shark Pattern) -1h ChartEnding Channel was formed with 5 clear points (elliott impulse) and formed a Three Drive Pattern at top for bearish movement. thanks to that bearish movement a Shark Pattern was formed with some confirmations: - A-B must touch 0.382, but cannot touch 0.618 - B-C must touch 0.618, but sometimes exceeds A retesting previous levels (FIbo A-B), or just keep an eye on that 0.236. - D completion at 0.886 (Fibo X-A) - take profits at 0.382 and 0.618 (Fibo C-D) - third TP would be long term back to where it all started But we also have another TP around 0.786 - 0.886 area for Ending Channel completion. Good Trading. -1h Chart
Short
by DanielParra99
CHFJPY (Harmonic Patterns and Wave Analysis) - 1h ChartFirst ABC formation was completed at left side leaving a strong support for bullish initiation. (First Elliot Impulse) confirmations: - 5 clear points - 0 to 1 same distance as 4 to 5 - on this case 1 and 4 overlaped, because of volatility on this pair (shouldn't overlap) - consolidation after 5 completion (Cypher with ABCs on this case) We can see a minor Cypher Pattern been formed between 4 to 5, which was completed thanks to another ABC formation leaving a strong support for bullish continuation. Second Elliott Impulse was formed after ABC formation. confirmations: - 5 clear points - 0 to 1 same distance as 4 to 5 - 1 and 4 dont overlap - type of consolidation after 5 completion (on this case got a bearish ABCD formation) After Ending Channel was completed I measured the entire impulse for 0.786 - 0.886 area, that's the area where Ending Diagonal's and Ending Channel's are completed, the diffrence is that an ending channel has to much consolidation and an Ending Diagonal gives you 5 clear points. After Elliott Impulse was completed we got a bearish ABCD formation, I measured bearish impulse with Trend-Based Fib Extension for 1.272 - 1.414 area where ABCD was completed for bullish impulse, at this point I saw another Cypher Pattern been completed by respecting each retracements Confirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 - 0.886 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) We can see an ABCD formation and another Elliott Impulse been completed inside this Cypher Pattern. At this point I expect price to be bearish for Ending Channel completion. Good Trading. -1h Chart
Short
by DanielParra99
1
XAUUSD (Bullish Impulse) - Daily 0-1 There was a Cypher Pattern, which gave us point 1 completion at -0.618. 1-2 ABC Pattern was formed. 2-3 Bullish impulse from ABCs and X-A of Gartley Pattern. 3-4 Type of ABCD formation that gave us D completion of Gartley Pattern exactly at 0.786. 4 to 5 I expect Channel to be completed by reaching point 5 at top. I measured bullish Flag by placing 0.236 at top of consolidation and got 0.618 as perfect support for the entire consolidation, -0.27 - 1.618 area would be take profit (1.618 from Trend-Based Fib Extension). MACD shows Flag much easier with an ABC structure for our bullish impulse. Good Trading - Daily Chart
FX_IDC:XAUUSDLong
by DanielParra99
EURAUD (Ending Channel and Bat Pattern) -4h At left side we can se half a pattern, which I published After Butterfly Pattern price went bullish and until I saw some divergence in MACD I planned a trade, we can see how it's up trend on chart, but down trend on MACD. Right away I managed to find a pullback, I measured bearish impulse by placing 0.236 below pullback and got exactly 0.618 at top, perfect retracement for a sell to -0.618. We can see how this entire consolidation is an Ending Channel -5 points (Not that clear like an Ending Diagonal) - respecting trendlines - 0-1 same distance as 4-5 - take profits around 0.786 - 0.886 area after to much consolidation there's always a clear impulse with this type of patterns (Ending Channel and Ending Diagonal) Price retraced exactly at 0.886 and at this point I saw this Bat Pattern - A-B must touch 0.5, but cannot touch 0.618 - B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236 - D completion at 0.886 (Fibo X-A) - take profits at 0.382 and 0.618 (Fibo A-D) I expect price to complete this Bat Pattern for bearish continuation. Good Trading.
by DanielParra99
EURUSD (2618 and Shark Pattern) -4h ChartFirst there was a Deep Crab formation, which was completed by going bullish to previous resistance, after marking higher high it went bearish forming an Ending Channel, at that point I saw divergence, because the entire consolidation made a double floor insdie MACD, which gave us that bullish impulse for D completion of a Shark Pattern. At D there's a possible Double Top for our 2618 setup: - double top - measure impulse - retracement at 0.618 - TP at -0.27 and -0.618 Double Top + 0.618 = 2618 Take profits for Shark Pattern would be those 3 blue lines, first one is at 0.618 where 0.382 is, second one is at 0.382 where 0 is and third line would be at point C where point 5 of the Ending Channel is (back to where it all started) Good Trading.
Short
by DanielParra99