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USDCAD: Past, Present and FutureHi, traders Here is my idea sharing with you. Currency Pair: USDCAD TimeFrame:1D Scale: Large Past: From the past data on 1 Month time frame market is moving within a range and on 1Day time frame market is moving between Resistance 1 and Resistance 2 (previously Support) And form a poles (pattern) or Impulse (wave) Present: This days market is moving upward channel towards resistance 2 forming flag(pattern) or correction (wave) Future: After market reach to Resistance 2 Bearish Flag (pattern) then another Impulse (wave) which it will reach to monthly support zone. Stay Safe, Happy Trading Thank you
Short
by monmohon
3
Halliburton’s Potential Bearish FlagEnergy stocks continue to lag as the market anticipates greater supply and weaker demand from China. The backdrop may be creating downside risk in Halliburton, a key provider of oilfield services. The first pattern on today’s chart is the January low just below $33. Prices bounced there in June and July. They slid below in August, which may be viewed as a breakdown. A small rising channel has developed since then. Some traders may view that as a bearish flag. (Notice a similar formation in May, followed by a drop.) Third, the gap lower on July 19 after revenue missed could reflect weakening fundamentals. Next, our 2 MA Ratio custom script in the lower study shows the 8-day exponential moving average (EMA) staying below the 21-day EMA. That may reflect a bearish short-term trend. The longer-term trajectory could additionally be negative: HAL made a lower quarterly high in April versus October. The 50-day simple moving average (SMA) also had a “death cross” below the 200-day SMA in June. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. 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:HAL
by TradeStation
US30 possible breakout to ATHWaiting to see if US30 is able to break this trend line, if it will there is a high chance that we will see a break of all time high. A perfect scenario would be price breaking that trend line, getting good news compared to forecast before NY session, and high volume after NY session open. If all these happen, price is most likely to break ATH after that. This is simple technical analysis. Once you see all these happen, try going to lower timeframes, 15m or maybe 5m to get your perfect entry. Good luck and lets see how it will play out. And remember, the simpler you keep your charts, the better the trader you will become
BLACKBULL:US30Long
by chrismogab
3
GBPJPY - SHORT: Trade Recap, 27/08/2024Bias Analysis: Daily minor swing at equilibrium and 4H trading out of Order Block. 1H range was bearish with price at a 1H Order Block well within Optimal Trade Entry. Entry Criteria: 15M protracted counter to my bias, swept upside liquidity and traded deep within the 1H Order Block before an engulfing candle printed. Grade: High Quality Valid What I did well or could do better: - Exercised patience after the first 15M TBL sweep and reversal print as we had a shallow mitigation of the order block with a 1-sided fair value gap resting below. - Observed the full picture and made a process based decision to enter, full accepting the risk. - I could've been more mindful of inputting the correct data into my position size calculator as the position was too small.
Short
by The_Modern_Day_Trader
1
WIF Looking Good — Can We Get 2.25?WIF was one of the biggest gainers last week, adding almost 40%. Based on the chart, it is likely we'll see a continuation of the uptrend. Here's why: • WIF faced resistance at the psychological $2 mark. Actually, it's not surprising after the intense climb. • Afterward, WIF entered a descending channel you could interpret as a bull flag. • Typically, a descending channel after a pump is considered a continuation pattern. Accordingly, we should see a breakout to the top at some point. If this breakout happens, the price should quickly rise toward the level of 2.25 (calculated based on the previous pole flag). Therefore, you should pay close attention to the upper trendline.
Long
by ben_walther
$140K USD for Bitcoin in 2025!!! It appears as though Bitcoin is trading in a descending channel, with a potential breakout happen in the near term. BTC has tested the downward sloping resistance of a descending channel pattern multiple times, each time BTC is creating a lower high & a lower low, which is inherently bearish. The williams alligator is also displaying a bullish cross & the bands are widening in an upward direction, which is a bullish indicator. Bullish cross on the KST as well. I have placed upward arrows at each bullish cross in the recent past showing a direct correlation to upward price swings.
COINBASE:BTCUSD
by satoshi123
BTC - FINALLY - Bullish BREAKOUT? For the last few months, I've been preaching patience as we saw a multi-month correction play out, all as a part of the bigger-picture Elliot Wave playout. The charts are looking positive after some bullish action started showing up from yesterday. I'd be ready to say the corrective phase is finally over and we're starting the new impulse wave up IF Bitcoin can keep above this support level highlighted on the chart, around $63k. This would validate a successful Flag-Breakout / Pennant breakout pattern. However, if we close a daily UNDER this key support zone - it's likely that we're not there just yet. I'm still of the opinion we'll be on our way towards a new ATH close to December, as BTC loves Decembers historically. ______________________________ BINANCE:BTCUSDT
COINBASE:BTCUSDLong
by CryptoCheck-