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Megaphonepattern

US 30 Bear Trend; If continuation from bear flag pennantEquities forming a pennant. Usually these are continuation patterns. A measured move down from flagtip would expect to make a bottom half of flag-pole equal to top half, for about 1800+ pips; this would drop index near 24200, or a bit less. IMO the Megaphone Trend is still dominant. A breakout to upside is still possible if global events magically resolve favorably; this seems doubtful atm. FOMC will likely be too little too late, as usual. You can see index fell sharply below rising TL, bounced up to retest it, and was rejected. Although another retest is possible, it seems the Bears are gaining traction now. This alternative Bear Theory to compare & contrast with my earlier pub on a Bullish Reversal. If the Bulls fail this will unwind real fast. Still consolidating- caution is in order! GTLA trade at your own risk, this isn't advice, just an idea.
DJ:DJIShort
by DaddySawbucks
12
S&P’s BEARish ResistanceBack in September ‘18, a proper correction took place after a second attempt against this BEARish Resistance. Today, nearly a year later, we are approaching the same level of resistance; what do you think is going to happen? With it’s current range, between the BEARish Resistance and the Red Support Line, a prominent “Megaphone” pattern has formed; usually signifying: “Attention: GET OUT WHILE YOU STILL CAN!” That said, I believe the market is due for a major correction towards the Red Support Line. Trade well my friends.
SShort
by KryptoTradr
megaphone has been formedin weekly chart we can see a broadening formation that suggests a short leg now, there is a possible divergence between price and momentum (10 weeks), if we observe daily chart we can see a lower volume in bull days and higher in bear days. Price will move between 2960 and 3050 in next days, a break below 2960 would suggest a strong sell with first important target at 2700$. The fed will move the markets and could push down wall street, let s see! contact me if you want our signals!! they will be free!!! Francesco
SP:SPXShort
by Dragon_Investments
SPX Expanding Triangle. Pivot pointIn the weekly chart we observe another touch on the expanding triangle. I am trading the following scenarios: 1) Short. If this scenario is right, expect considerable retracement, following the direction of the red arrow. For me, it is the most likely scenario right now, and I am in aggressive short in SPX500 futures, and long in VIX. There is very clear bearish RSI divergence on the weekly chart, in an expanding structure.Stop above 3040 for the following week. 2) Long. If the expanding triangle is broken to the upside, in the retest of the trendline is time to go long. Be ready, this could very well happen. The R:R for this trade is stunning. I will take partial profits if the downtrend is confirmed at important supports. 2967, 2800 and I would turn eventually long with stops below the long term trendline.
OANDA:SPX500USDShort
by blondengineer
AMZN: Top end of expanding triangle Couple of Trump deadlines coming up, the Chinese 25% tariffs and the funding for the wall/slate/whatever. As previously mentioned, I am of the opinion Trump is over promising and will continue to under deliver. He will be reluctant to look like he caved again. Which company will be the biggest victim of higher tariffs and maybe another shutdown? AMZN. AMZN works off low pricing and no prizes for guessing how much of AMZN products are sourced from China. The potentially higher tariffs coupled with weak consumer sentiment mixed with the probability of another government shutdown will be painful for AMZN. Technically speaking, AMZN is:- - hemmed in an expanding triangle formation or commonly known as megaphone pattern. This is a bearish pattern - hemmed in by the 200-days MA - MACD has reversed - the 50-dma, 100-dma are trading below the 200-dma. Pick your favorite version of the death cross, AMZN got them all. Top end risk of c.$1780 vs. lower end of megaphone pattern at c.$1250 gives a c.1:2 risk reward.
NASDAQ:AMZNShort
by WellTrainedMonkey