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Megaphone

SDOW a triple leveraged ETF shorts the DOWSDOW is shown here on a 30 minute chart current rising above a parallel descending channel which is within a longer trend of a downward-facing megaphone pattern where it is currently situated near the top of the megaphone. I have drawn the two trendlines onto the chart and added an RSI indicator. My plan is to take a short trade on SDOW by looking for an entry on the 5 minute time frame where the HA candles are red and the RSI has dropped below 50. I will set the stop loss above the resistance trendline while targeting the support trendline at the low of the pattern.
AMEX:SDOW
by AwesomeAvani
Dxy Megaphone Pattern #dxy #technicalanalysis #Megaphone pattern is a pattern that consists of minimum of higher highs and two lower lows. The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. Megaphone pattern is known to give multiple trading opportunities to the trader. This pattern also can be traded when it fails but is necessary to identify the failure perfectly. Sometimes only pattern is not enough to take best trading decisions you may need multiple indicators to identify better entry and exit points
TVC:DXY
by awakensoul_369
PATH - Rising Volume Lifts PricesOn the 4H chart PATH was on a trend down in April. The strength momentum ( green band) was in a narrow range. In May as can be seen on the indicators, both volume and more especially volatility have increased significantly. The chart pattern is now that of an upward facing megaphone reflecting the volatility. The strength momentum band is much wider. Price is above the POC line of the volume profile reflecting a bullish dominance. Fundamentally, PATH is a player is the exploding AI subsector. Cathie Wood is quietly accumulating shares for her ETFs as are many other large portfolio investors. In summary, PATH appears to be an excellent long setup. Sitting in the shadows of NVDA, MU, TSM and others whose focus is hardware, PATH provides software and services it. Its path to hypergrowth and so price appreciation appears to be abundantly clear.
NYSE:PATHLong
by AwesomeAvani
BOIL Megaphone PatternBOIL on the 15-minute chart is currently in an upward facing megaphone pattern. I have drawn in the upper and lower trendlines which are a form of static support and resistance. The megaphone pattern is one of increasing volatility between buyers and sellers and indecision It is the opposite of consolidation in a narrow channel. The anchored VWAP shows BOIL to be between the mean VWAP and the first standard deviation band below it. This is generally considered the lower part of the fair value zone. The volume profile has a high volume area of in the price range of 3 to 3.7 while the POC line is confluent with the VWAP. The "better" RSI oscillator/ indicator shows values above 75 at swing highs and values below 25 at swing lows. My goal in this trade is to buy at the lower ( support ) trendline and sell at the higher ( resistance) trendline. I will be watchful for any fibonnaci retracements of a prior trend. At present, BOIL is at that lower trendline and RSI is showing weakness. I will add to my position now as I did in the whipsaw action some hours ago at the location of the bearish engulfing candles in the premarket and the opening.
AMEX:BOILLong
by AwesomeAvani
📉🐻 Seize the Opportunity: GBPJPY Sell Signal Unveiled! 📉🐻Traders, get ready for a thrilling prospect as we uncover a compelling bearish setup on GBPJPY, observed on the 1-hour timeframe. It's time to harness the power of a megaphone pattern and capitalize on an accumulation of sell orders, presenting an ideal opportunity to go short when the neckline (lower structure) of the pattern is breached. Our trading journey begins with the recognition of a megaphone pattern, characterized by widening price swings. This pattern signifies an accumulation of sell orders, indicating potential downward pressure on the GBPJPY pair. Keep a close eye on the neckline, as a breakout could trigger a strong bearish move. As we navigate this setup, it's important to identify key levels. A minor resistance lies at the 170.000 level, presenting an opportune moment to secure partial profits. However, our ultimate target resides at 169.000, reflecting our expectations for further downside potential. This level serves as a focal point for our bearish ambitions, offering an attractive destination for traders seeking larger gains. Let's delve into the increasing bearish momentum. Recent price action has revealed notable bearish candles, suggesting intensified selling pressure in the market. This trend, combined with the optimal entry point provided by the neckline breakout, sets the stage for a potentially fruitful trade. Now, let's add a touch of fundamental analysis to our analysis. The yen's reputation as a safe haven during times of economic uncertainty adds another layer of appeal to this bearish scenario. Furthermore, with the US approaching the deadline for its debt term on June 1st and the absence of an agreement to increase the debt ceiling, large investors and hedge funds may be inclined to short the GBPJPY pair as a strategic move. Therefore keep an eye on 171.000 level acting as a support now, and be ready to short when it breakdown Join me as we seize this opportunity, embracing the potential of the GBPJPY sell signal. With careful analysis and an understanding of market dynamics, let's navigate the markets with confidence and strive for profitable outcomes. Don't forget to press the like button if you think this insight was helpful 📉🐻💪
Short
by Thomas_Zito
BTC unbeatable bullish chart patterns Hi dear community members and my loyal followers. I hope you are fine. I would like to bring your attention to this macro analysis with innumerable and beautiful bullish chart patterns. As you remember 6-8 months ago when BTC bottomed at 17.5K/a real bottom/ in June 2022 and 15.5K/spring/ in November 2022 with double bottom I publish a lot analyses and told you BTC bottomed and we are going to 28-30K. Back that time I published weekly Megaphone bullish chart pattern with 85K target/link below this analyis/, also I posted weekly falling wedge chart pattern with targets as well. Today I want to add 3 more chart patterns to those 2. BTC fromed daily bullish megaphone chart pattern, Inverse Head and shoulder chart pattern and reverse descending chart pattern. I'm bullish on BTC in 2023-2024 and expect min 48-52K in 2023 maybe 60-62K. BTW if you check all my previous analyses you we'll see how I nailed all major moves from 15.5K till now. If you ckeck my previous analyses you will understand besides these chart patterns what are other factors that make me think so and stay bullish. For short term as I posted in my previous analyses I don't expect BTC to drop below 25K, that is my worst case scenario, I even think BTC bottomed at 26.6K maybe could drop to 26K with wick taking out liquidity below 26.5K. I expect BTC to pump to 35-37K zone and fill weekly FVG. Below this analysis I will post targets for the above mentioned chart patterns. If you like my analyses don't forget to like, retweet, comment, follow me for further updates. I will appreciate any single like, comment and follow. Have a good day, I wish you good trades and huge profits.
BITSTAMP:BTCUSDLong
by ergal91
1
Symmetrical Triangle - Update Posting an update on the SPY here as the markets closed out the week in somewhat of a make-or-break spot. The SPY continued to follow the bearish megaphone that it's been holding for months with its 50-day SMA slipping below its 200-day SMA (Death Cross). However, the SPY is holding a notable rising wedge on the weekly timeframe accompanied by declining bullish momentum as the Heikin Ashi Candles would indicate. The SPY is holding a nice symmetrical triangle on the daily timeframe, with buyers and sellers fighting all week. This comes as the markets head into a big week economically speaking. With the USD sliding and geo-political turmoil rising, the markets are in unchartered territory. Treading lightly here, some RSI-based supply and demand zones to keep an eye on in the interim, bearish and hedged- --Previous Charts Attached Below-- --Weekly Timeframe-- --Previously Charted--
AMEX:SPYLong
by jacobosiason7
Will BTC reach 30K+ or it will dump? BTCUSDT updateHi dear community my loyal followers, I hope you are fine. Let me update BTC current situation and my expectation. This week BTC pumped from 19.5K and broke not only 24K but also 25.2K and reached 27.8K. If you remember I warned you about BTC recent dump from 25K to 19K+-. At the moment, you can see on the chart that BTC has created Bullish megaphone chart pattern/Inverted symmetrical triangle/ and tested its upper line where there is significant, one of the strongest resistance/.. There are BB, FVG zone, 0.38 fib level, 21 monthly EMA, diagonal resistance+ horizontal resistance/ etc. Look at bellow attached charts also to understand what I mean. I expect BTC to break 1h bull flag reaching 28.6K/attached bellow/ , which will be fake breakout of bullish megaphone chart pattern / a lot people will open long positions, at the same time BTC sweeps liquidity above 27.8K then we' will see strong rejection and correction starts. When BTC reaches 28.6K , BTCD will be at 48-48.5K at main resistance/attached bellow/, where it will drop and during this BTC correction , we'll see mini altseason. Pay attention that volume is decreasing while price is rising/bearish divergence/ also there is bearish divergence at daily OBV which doesn't support this pump)). I expect BTC to drop 22.6-22.8K where there is OB+FVG + 0.618 Fib zone, if BTC can't hold the mentioned zone it will dump to 20.5K. During this drop price will react at 25.2K small bounce, then drops to 0.5fib level/23.6K/ again bounce/this level could hold as well/ and drops to 22.6-22.8K taking out IDM/sweep liquidity/ Also keep your eyes at 23.6K 0.5 fib level, which is mid range of megaphone chart pattern. there is chance it can hold as well, but more likely 22.6-22.8K will be reached. After the mentioned scenario we'll see new highs, at the moment I can't tell you 22.6-22.8K will hold or not, we'll see BTC reaction at that point. Please don't forget to like, follow and share my ideas. I will appreciate any kinds of support.
BITSTAMP:BTCUSDShort
by ergal91
4
🔥 Bitcoin Broke Out Of The Megaphone Pattern!Over the last couple of days I've seen several analyses on BTC and the fact that it was trading in a megaphone pattern. Many called for BTC to fall back to $20,000, but that was never really an option. With the classic banking system under stress, it has fundamentally never been a better time to own Bitcoin and have complete ownership of your funds. With BTC breaking out of the megaphone pattern, we will likely see more bullish price action in the near future. Keep in mind that the $29,000 - $30,000 area is a massive area of resistance, since it's the bottom of the summer 2021 lows. Furthermore, BTC is severely overbought since it gained +45% in like 10 days. Personally, I'm expecting something closer the analysis below.
COINBASE:BTCUSDLong
by FieryTrading
9
EURUSD LONG DaytradeOn the 15 minute chart with trendlines drawn, a bullish megaphone pattern is seen. This is a suitable basis to take a long trade with price is near to the ascending support trendline with a stop loss just outside ( below) that line The trade is supported by the current downtrend of the USD (^DXY) as seen in the link below. The megaphone is demostrative of increasing volatility which the experience trader can turn into profits. As this is on a 15-minute time frame this entry is only suitable to a daytrader who is scalping or at least closing the trade within the same session.
Long
by AwesomeAvani
ETH - Getting Oversold! 🏄🏻‍♂️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. After rejecting the 1700 resistance, ETH has been bearish from a medium-term perspective. 🏄🏻‍♂️ ETH is now approaching a strong rejection zone, which I call a " TRIO RETEST " 1- The lower orange trendline of the channel acting as a non-horizontal support (in oarnge) 2- The horizontal support zone 1450 - 1500 (in green) 3- The lower red trendline of the megaphone pattern acting as an over-sold zone (in red) As per my trading style: As ETH approaches the blue circle intersection, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Which scenario do you think is more likely to happen? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
22
Bitcoin - Technical formations breaking down?In this study, I show the Rising Wedge that has broken down, driving the recent drop, with price finding the support line of the Bullish Megaphone structure for a 3rd time. The current challenges in this chart for bulls to overcome are: The break of the Wedge projects a movement below the support of the Megaphone; A Bear Flag is formed The downward Elliott Wave count is 4, with a 5th leg to go; A break below $21,351 means we are going lower; Once $21.3k breaks, the next support levels are $20.4k and $18.4k. On the other hand, if price can find support above 21.4k and rally, then we could be in for an explosion toward $40K. This is because the Wave 5 (marked in Green) would suddenly transform into a minor Wave 1 and indicate a commencement of a wave 3 leg higher. The good news is, whether it’s a rally from $21.5k, $20.4k, or $18.4k, it certainly seems like the trend is up. What do you think? Are we going towards $40k in quick time, falling back towards $18k before rising higher, about to break down completely and sink back into a continuation of the bear market?
Short
by Crypto-Swing
4
AUDUSDHi AUDUSD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
ETH - Bullish Megaphone? 📣 Update!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per our last ETH analysis, we have mentioned that potential Bullish Megaphone pattern forming. According to the pattern, we are currently on leg #5 🏹 For the pattern to get activated, hence the bulls to remain in control, we need a daily candle close above 1720 In this case, further bullish movement would be expected. In parallel, we are still bearish from a medium-term perspective since we broke below the last major low in gray from H4. ETH approaches the blue support starting from 1550, we will be looking for new short-term buy setups. Which scenario do you think is more likely to happen? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
37
ETH - Bullish Megaphone? 📣Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I find ETH chart interesting. and here is why: so far, ETH has been following the bullish megaphone pattern perfectly. According to the pattern, we are currently on leg #5 🏹 For the pattern to get activated, hence the bulls to remain in control, we need a daily candle close above 1720 In this case, further bullish movement would be expected. In parallel, if we break below the last H4 low in gray, then we will be expecting one more bearish movement till the support / demand zone 1530 In this case, as ETH approaches the blue support starting from 1550, we will be looking for new short-term buy setups. What do you think? Which scenario is more likely to happen? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
25
GOLD on a potential correction 🦐Gold is currently in a bullish trend, as evidenced by the ascending megaphone pattern on the 4-hour chart. The ascending megaphone is a bullish continuation pattern that occurs when prices are making higher highs and higher lows, and is characterized by converging trendlines that form a megaphone shape. The upper and lower trendlines of the megaphone can be used to identify key levels of support and resistance. The upper trendline represents the resistance level, and the lower trendline represents the support level. The confluence point, where these two trendlines intersect, is a crucial level to watch. If the price of Gold breaks below the lower trendline and the confluence point, it could indicate a potential correction sell opportunity. A break below the confluence point could trigger a short-term downward price move, as the bulls may take profits and the bears may enter the market. This could provide a good opportunity for short-term traders to enter the market with a sell position, with a stop loss placed above the confluence point. In conclusion, while the overall trend for Gold remains bullish, traders should keep an eye on the lower confluence point and be ready to take advantage of any potential correction sell opportunity that may arise from a break below this level.
OANDA:XAUUSD
by InkyGrip
4