TWTR - Megaphone formation watch outoriginally I was rooting for RSHS formation but after earnings the drop was too steep and we see a clear megaphone formation. High volatility, watch out.
Megaphone
$GOLD -really need to break up from megaphone... soon.Really want gold to break up from that megaphone, llest it may become a continuation pattern. Igt should, the higher timescLE PATTERN IS A RIGHT SHOULDER IN IH&S. LET'S SEE!
$GOLD may pop up , but I think #megaphone in a #downchanneldo wnchannel wit a MEGAPHONE in it makes teh most sense to me.
Leave y'all hanging over the weekend!
POSSIBLE USOIL 1HR DISTRIBUTION!Hello my beauties.
I think UsOil is showing signs of distribution on a 1hr timeframe.
This would align with the bias that a completion of the bearish broadening wedge is to happen soon. I will sell on successful retest of the red trading range.
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Luca, TrickleDownFX
ANNSaid this before and I'll say it again. 30$ $ANN sounds like a steal. Zoom out and you'll see why.But let's see. Nice megaphone there, crawlingin down a MM froma bearflag.
Megaphone patternThe chart shows it all. The target at 17.5 is my best educated guess based on linear measurements.
WTI Crude oil, the price reacted exactly in the expected area!Hello my beauties,
In my previous analysis I said I expected a move to the downside in the area in red (link below this text, check it out).
The price of oil is now completing a bearish megaphone (ascending broadening wedge) pattern.
Check out my analysis for more trading ideas!
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Luca, TrickleDownFX
DXY in a megaphone, possible completion scenarios!Hello my beauties.
DXY has formed a massive megaphone, specifically a bearish one after an uptrend.
The completion area for a bearish megaphone that comes after an uptrend is the beginning of the formation itself, which I evidenced in green.
The Dollar Index might turn out to be very bullish in the next few weeks/months, as it has just retested the bottom line of the pattern. However what worries me is the fact that it showed a bit of weakness, as the test broke below the trendline and from experience I can say this could indicate an upcoming breakout to the downside.
If the support holds, then we'll be long dollar for a while.
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Luca, TrickleDownFX
BTC OVERSOLD! POSSIBLE LONG TO TOP OF MEGAPHONE! (56K)Hello my beauties.
I think BTC/USD has the chance to go back to the top of the megaphone it's in. It went into overbought during the formation of the higher end of this pattern, now it has recovered from an oversold condition.
The stochastic is diverging, so is the RSI - when the two indicators diverge together, it's normally bingo - and I believe we could long for a while here.
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Luca, TrickleDownFX
BTC/USD IN A HUGE MEGAPHONE PATTERN!Hello my beautiful traders.
It seems like BTC will be bullish in the next few days.
What do you think?
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TrickleDownFX
$AZRE ANNOUNCEMENT: WE GOT 2 OPTIONS...We got 2 scenarios to prepare for... one we cross 200EMA and hold over that green resistance line and holds it as support to start moving toward $23.50 or scenario two it doesn't hold after crossing and it retraces back to fill the gap between $21.80-$22. Scenario one seems more probable just coming off of the positive earnings report the momentum should continue for a little longer before it breaks... But as always be cautious with your trades, do your own DD, monitor and set stops!
THIS IS NOT FINANCIAL ADVISE!
Bitcoin Bearish Megaphone - 2021
i noticed this pattern and decided to make this, i dont think is gonna be right but we never know
✅NZD_CAD BEARISH BIAS|SHORT🔥
🏛NZD_CAD broke out of the falling resistance
And is now in a process of the bullish correction
However, the pair is trading closer and closer to the resistance cluster
Of the horizontal level and the megaphone pattern resistance
And I think that after a retest we will see a drop
Towards the mid-megphone level
SHORT🔥
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DE30: The Most Detailed Analysis (Megaphone)On the DE30, price is respecting the non horizontal supports and resistances since many weeks.
So what do we have on this one ?
1. Non horizontal Support: The price is retesting now for a second time our yellow support meaning that we should look only for buy setups on the short term. So let's dive in to see what are our possible opportunities.
2. Double Bottom: Although it hasn't been valid yet, but it's clear that we might have a second rejection around our support so a double bottom pattern would add a lot of confirmation to our decision.
3. MEGAPHONE: A megaphone is an unorthodox pattern but experience has taught us to take it into consideration for it has a very high volatility. Inside a megaphone, which is similar to a divergent wedge, the more the price moves, the bigger the volatility becomes. This also backed by fundamentals as we have seen some positive results on the German economy (unemployment rate), which boosts the DE30 because a better than expected results has a good impact on the industry. Now a megaphone is created by these events followed by corrections, which usually are smaller than the impulse.
Need more details, you just have to contact us, Trade Safe
I feel Bullish right now but I decided not to trade!!I feel Bullish right now but I decide not to trade!!
Its a bearish megaphone but:
Bullish chance = 70%
Bearish chance = 30%
S&P 500 Megaphone Pattern - 50 Percent Potential DipI am bullish long term but wouldn't be surprised if we had a correction that rivals 2020, 2008, & 2000. Looks like a megaphone pattern. Currently, I am sitting about 50% cash, ready to deploy on the correction. If you disagree then ask yourself why big players like Warren Buffett or Dr. Burry are selling large positions or in Michael Burry's situation, putting a $500M short on Tesla? Let's hope I am wrong but I have to be honest with myself considering we are in a phase of euphoria and the FED is just fanning the flame with their MMP. What are your thoughts? Am I the only one that sees this?
Bullish Megaphone structure-will it reach 60% of pivot lineThe price of the oil got rejected 3 times and in 4th time got some consolidation and broke the upper side resistance around 66.00. We can see a megaphone structure (Bullish megaphone structure).The retest of the upper side trend line will be a good entry point. Expected target would be 70.00stope lose can be placed below 65.00 level
🔥 SHIB Bullish Megaphone PatternIn my previous SHIB analysis I argued that we're potentially going to see a strong bullish move in the coming weeks. See the post below for reference:
From my point of view, this bullish move has started with confidence. Looking at recent price action, a clear bullish megaphone pattern has emerged. With the price currently bouncing off the lower support line of the megaphone, it might be a great time to step in and ride the wave. With SHIB being a relatively volatile coin, we might see a very strong bullish move in the coming days.
Happy trading!
🔥 EOS Bullish Reversal From SupportOver the course of a few months, EOS has formed a huge megaphone pattern. During the recent sell-off of BTC it appears that EOS has found a very strong support at the bottom trend line of the pattern.
As per my previous BTC analysis, I'm predicting that we're about to see a very strong reversal in prices soon. EOS is comparatively still quite undervalued, so I'm expecting a big jump.
In the long term, the target would be either the top of the channel or the current ATH.
Happy trading!
SOXL Upward - How Far?There's a nice downward channel, and we just bottomed.
I'm expecting a rise to at least the 30m 200SMA then we'll see.
Upward and breakout is my hope.
Upward and back to bottom of channel is a strong possibility.
The channel is essentially a megaphone. When she breaks we run.
*NOT FINANCIAL ADVICE NOT A FINANCIAL ADVISOR*
Potential Bearish Megaphone !Currently, I see a potential Bearish "Megaphone" pattern or potential Bearish Broadening wedge. Short-term bearish assumptions for the gold price are the potential targets 1, 2, and 3; that's the strongest support.
Technical analysis
Plan A:
If the price can break out and close below the potential target 3, I reckon XAU/USD will keep falling to retest the bottom wedge line.
Plan B:
If the price rejects the potential targets 1, 2, or 3, I reckon XAU will go up to retest the upper broadening wedge line and most likely the upper major channel line.
Invalidation:
If the price can break out and close above the broadening wedge, then this analysis fails.
Fundamental preview
Q2 started with a nice rally as Fed's dovish messages sink in. The market seems didn't care about strong US data and the US economic recovery, which statistically growing at its fastest pace since 1984.
Last week, the core retails sales went up to 8.4%, retail sales went up to 9.8%, and the unemployment claims fell deep to 576K. But, U.S consumer prices surge in March, CPI finds, pushing inflation to a 2 1/2-year high. As of now, I trust the price action.
London (CNN Business): "President Joe Biden's $1.9 trillion stimulus package will boost the US economy and drive faster global growth this year, the International Monetary Fund said Tuesday, though it warned that many countries continue to suffer from the pandemic and are at risk of being left behind.
The US economy will surpass its pre-pandemic size as growth reaches 6.4% this year, the IMF said, up 1.3 percentage points from the group's forecast in January. The rebound will help the global economy expand 6% in 2021, an upgrade of 0.5 percentage points from the IMF's previous outlook. The estimates are broadly in line with Wall Street's expectations."
Possibly A Nice Little ShortTechnical analysis
Plan 1:
If the price can break out and close below the potential target 3, Then XAU/USD will keep falling to retest the bottom wedge line.
Plan 2:
If the price rejects the potential targets 1, 2, or 3, I believe gold will go up to retest the upper broadening wedge line and most likely the upper major channel line.
Invalid if:
If the price can break out and close above the broadening wedge , then this analysis is no longer valid.
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