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Parallel Channel

SCI NSE Bearish channel BO WTF NEW Stock Analysis Trade Plan: SCI Entry: 50% of the total quantity at 243 DTF Close, with an additional 50% added at 274 DTF Close Price. Stop Loss: 203 Target 1: 345 Target 2: NA Hold for a period of 11 months to 1 year or until the target 1 is reached. Chart Pattern: The stock experienced a Pullback period of 5Months after touching an all-time high (ATH) of 383 . Technical Indicators: The stock’s daily timeframe (DTF) shows that the price is currently trading above the 50-day exponential moving average (EMA) and the 20-day EMA below the 50EMA. The EMAs are in Transitional sequence of alignment. The Stock is at good price point where the 50EMA and 200EMA are very close and the 20EMA has curved upwards.A potential bullish trend in formation on the DTF/WTF timeframe. Volume Analysis: There has been a surge up of volumes on the buy side for a Month now. Take entry as recommended in Trade Plan. Prioritize Watch List: Keep this stock in your watch list for further analysis and potential trading opportunities. Disclaimer: This information is solely for educational and reference purposes. Trading inherently carries risks, and it’s crucial to exercise caution and conduct comprehensive research before making any investment decisions. Make sure you have a well-defined risk appetite, proper position sizing, and a stop-loss order based on your risk tolerance. Review your Portfolio periodically. Exit positions when the price closes 7-8% below your entry point or Earlier basis your Risk profile. Consider re-entering the market when the trend reverses.Before engaging in any trading activities, it is paramount to thoroughly comprehend these technical analysis concepts and conduct extensive research on the stocks you are interested in. Furthermore, consulting a certified financial advisor can offer valuable insights and guidance before making investment decisions. Technical Analysis Concepts: Multiple Time Frame Analysis (MTFA): Daily Time Frame (DTF): Used for short-term analysis and identifying trends. Weekly Time Frame (WTF): Provides a broader perspective and helps in trend confirmation. Monthly Time Frame (MTF): Ideal for long-term analysis and trend analysis. All-Time High (ATH): The highest price reached on a specific chart. Lifetime High (LTH): The highest price reached over the entire chart’s history. Stop Loss (SL): A predetermined price level at which an investment is automatically exited to limit potential losses. Swing Trade: A trading strategy that involves holding positions for a significant period, typically few weeks to months. Positional Trade: A trading strategy that aims to capitalize on long-term trends and position oneself accordingly. CHART PATTERNS Rounding Bottom Cup/Handle (RBC&H): A pattern that signals a potential reversal from a downtrend. Breakout (BO): A price move closure above a resistance or below a support level. Flag & Pole BO: (F&P BO) Bullish Continuation Pattern Consolidation : Price Typically Swings between a Range for a period of Time Long or Short basis the MTFA. Breaking out of this range UPWARDS is an opportunity to BUY and DOWNWARDS is SELL opportunity. Moving Averages: Exponential Moving Average (EMA): A popular moving average that places more weight on recent price data. Volume-Weighted Moving Average (VWMA): A moving average that gives more weight to high-volume stocks. Fibonacci Retracement/Extension: Trend-based Fibonacci Retracement: Used to identify potential support and resistance levels during re-tracements. Trend-based Fibonacci Extension: Used to identify potential breakout levels during extensions.
NSE:SCILong
by billpramod
CHFJPY forecast On technicals, The price reacted to the bearish cypher pattern and started dropping, breaking the support level with a strong candle. It seems likely to continue its decline toward the 166 level. Right now, we’re waiting for a retest of the broken 172 support, which could be a good entry point. On the fundamental side, Swiss GDP dropped by 0.4% in the third quarter, as expected, while The yearly tokyo core CPI rose to 2.2% from 1.8%, beating the forecast of 2.0%. This supports the yen’s strength against the CHF.
Short
by Justfxtrades
Understanding ICT Classic Weekly Profile on BANKNIFTYICT weekly profiles are conceptual frameworks that describe typical patterns of price behavior during a trading week. Each ICT weekly profile has unique characteristics that can hint the traders in anticipating potential market movements. However, it is important to note that these profiles are not fixed predictions but rather frameworks to understand market tendencies and works with Higher Time Frame PD arrays confluences. ICT weekly profile is explained below with BANKNIFTY Chart analysis Classing Thursday High of Week (Bearish Setup) Key element to focus : Higher Time Frame Premium array (Weekly Buy Side Liquidity) for bearish setup Time Frames alignment : HTF --> W1 (PD Arrays) LTF ---> H4 (Market Structure) ETF --> M15 (Entry) Process : 1. Market offers Liquidity from Monday to Wednesday 2. Market seeks Liquidity on Thursday 3. Market rebalances on Friday
NSE:BANKNIFTYEducation
by chartology369
Gold will Go UP at least to PRZ!!!Gold ( OANDA:XAUUSD ) started to rise again after the conflict started in Syria as if the Middle East does not want to be calm (unfortunately). Every day is a new story. Gold started to rise again from the Support zone($2,644-$2,624) after the high point and is moving in an ascending channel . According to the Elliott wave theory , Gold seems to have succeeded in completing microwave 4 , and we should wait for it to rise again . I expect Gold to rise at least to the upper line of the Ascending Channel and Potential Reversal Zone(PRZ)($2,675-$2,668) . ⚠️Note: We can expect more dumps if gold touches $2,647.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
5
XRP → ATH is getting close. Consolidation before the rallyBINANCE:XRPUSDT rallies to ATH. The three-year accumulation is starting to realize itself and thanks to a tailwind - Trump, the coin makes a jump of 140% At the moment the coin is in consolidation after the rally. There are no technical prerequisites and reasons for a reversal and fall, the price is accumulating the potential for continued growth. The focus is on the resistance at 1.523 and 1.6300. Breakthrough and consolidation of the price above this zone will provoke aggressive purchases, which may lead to a new impulse. It is possible that the local correction of bitcoin may put a slight pressure on the coin, which in turn before further growth will test the area of 1.4116 (strong resistance from September 2021), or the lower boundary of consolidation - 1.2775. Resistance levels: 1.5234, 1.6300 Support levels: 1.4116, 1.2775, 1.2133 So, since we have a bull run, an ascending channel and a strong consolidation, in this case it is logical to consider buying only, which can be done only from the support or after the resistance breakout. The target in the form of ATH 1.9669 is getting closer and closer :) Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:XRPUSDT ;) Regards R. Linda!
Long
by RLinda
31
EURCHF - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURCHF has been bearish trading within the falling channel in blue. Currently, EURCHF is approaching the upper bound of the channel. Moreover, the red zone is a strong resistance and structure. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the red structure and upper blue trendline. 📚 As per my trading style: As #EURCHF approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
NZDUSD → False breakdown of a double bottom. But...FX:NZDUSD is forming a local reversal pattern on the background of the dollar correction. It is too early to talk about a change of trend, but we can get a correction with the purpose of retesting the liquidity zone On the daily timeframe earlier a false breakdown of the double bottom was made, the price was not let down and in a few days began to buy out on the background of news on inflation from the USA. Traders took the decline in inflation relatively positively and moved to profit-taking in the dollar, which gives the forex market a chance. For now, the focus is on the 0.59-0.5912 zone. If the bulls can keep their defenses above this zone, we may get a rise to 0.597 (towards the descending channel resistance) in the long run Resistance levels: 0.5912, 0.5972 Support levels: 0.588, 0.58166 But, we should not deny the downtrend. From any resistance the price can continue downward movement, as there are no preconditions that the market is ready to change the trend. Regards R. Linda!
Long
by RLinda
5
EURJPY → Support breakdown. Attempt to change the trendFX:EURJPY seeks to renew lows. The dollar rally is negatively affecting both JPY and EUR. The Eurozone has yet to face Trump's policies, while Japan is already going through a rough patch.... The currency pair is exiting the ascending channel, hinting at a trend change. The price breaks support and consolidates in the selling zone. Ahead is the key support at 161.2, the breakdown of this zone may provoke the bears to more active actions. Technically and fundamentally, the currency pair is entering the downward rally phase, so the trend change is just the beginning.... Resistance levels: 162.04, 162.5, 163.2 Support levels: 161.16, 158.4 The focus is on the channel boundaries, resistance at 162.04 and support at 161.16. From these zones an aggressive fall may be possible, as buyers do not believe in a positive outcome at the moment Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURJPY ;) Regards R. Linda!
Short
by RLinda
4
Fetch.ai $FET/USDT - 200D SMA Bull Regime Detection This indicator helps traders identify market regimes using the powerful combination of 50 and 200 SMAs. It provides clear visual signals and detailed metrics for trend-following strategies. We've just had our bull regime print and are trading just 2 days of bull regime duration. Golden cross incoming: 200D x 50D SMA crossover Key Features: - Dual SMA System (50/200) for regime identification - Colour-coded candles for easy trend visualisation - Metrics dashboard Core Signals: - Bullish Regime: Price < 200 SMA - Bearish Regime: Price > 200 SMA - Additional confirmation: 50 SMA Cross-over or Cross-under (golden cross or death cross)
Long
by igreycrypto
2
FET/USDT Long: Did you take it? See linked chartsIf you like these posts please remember to give me a boost and a FOLLOW! Any questions please ask away. FET/USDT Long signal. Did you take it? Bullish order flow was there. We have our targets, and stops are at entry. FET has been lagging compared to the rest of the market, especially in AI. Recent developments in their EARN & BURN mechanism look to be bringing excitement back and I believe there's plenty of catching up to do! Bullish Orderflow: EWT analysis & macro forecasting:
Long
by igreycrypto
1
ETH breakout, short term pullback, long term runThere was more than 6 months of pullback for ETH but there was a clear descending resistance for the last 6 months, every time ETH hit it, it pulled back. We had a double tap and failure to penetrate in October and early November and then 24.Nov we broke through resistance and started to run. This still seems to be early on in the run. We have seen days where ETH outperformed BTC and in fact we are trying to break down the support for BTC Dominance. You can see its clear trend up and how we are testing that support line now. If it breaks down we will likely see ETH run and the stage may be set for a flippening. I think more likely is that support holds and BTC dominance will start to rise again around this point. BTC Dominance: There are many reasons BTC dominance will run but one that is common is that BTC pulls back and the rest of the market pulls back a lot harder. If BTC loses 5% a lot of alts will lose 20% often. Another way BTC dominance runs is if it breaks out and runs for big gains, already having a near a $2T marketcap now, a 5% run would add $100B of market cap for BTC. BTC tried to break out and it rejected, there is a possiblity that we could trace this all the way back to $68-$70k here depending on the speed of descent. Also though, BTC has been strong and bullish, there is very much a chance that we consolidate and build up here and break out, so this line is really significant, its probably the difference on whether BTC dominance runs because of BTC pulling back or running hard. BTC Chart: ETH on the other hand, looks like it has broken out of recent multi-month resistance and seems to just be getting started, but this channel it has assumed is already showing us were we should see support and resistance as it continues to run. This looks like its early on in the breakout really but does look likely that we will pull back more here. If you see this price break top of channel, expect another run and if it breaks bottom of channel, be prepared for a noticeable pullback. In the meantime, as long as it is assuming the channel, it is ascending and bullish. Keep an eye on BTC, we know if its not happy, generally the whole market suffers. Its hard to find profits on other assets while BTC is dumping so even if you are not trading BTC, you should be watching it.
COINBASE:ETHUSDLong
by EncryptShawn
3
Bitcoin can little correct and then start to grow to 100KHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago entered to upward channel, where it at once fell to the support line and then continued to grow. In a short time, BTC reached the 66800 support level, which coincided with the buyer zone and broke it, after which some time traded near and later rebounded to the resistance line of the channel. Then price made a correction to the support level and then made an impulse, exiting from the upward channel. Next, BTC continued to grow inside the upward pennant, where it rebounded from the support line and rose to the current support level, which coincided with the support area. Bitcoin some time traded inside the support area and later broke it, after which rose to the resistance line and then turned around. Price declined to support line of this pattern, which coincided with the 91500 current support level. But a not long time ago, it started to grow, so, now I think that BTC can little correct, to support level, and then start to grow to 100K. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
EURO - Price can bounce up from support area to $1.0685 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago, the price started to decline inside a falling channel, and in a short time, it fell to the $1.0810 level. Then, the price entered the resistance area, after which it turned around and rose to the resistance line of the channel, making a first gap. After this, EUR made impulse down, breaking $1.0810 level, exited from channel, and continued to decline in pennant. In pennant, price fell below $1.0515 level, to support line of this pattern, after which made a second gap and returned back. Also recently, Euro broke $1.0515 level and exited from pennant and now trades close to this level. In my mind, price can fall to support area and then bounce up to $1.0685 points. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
EURUSD → Correction after false breakdown before further fallFX:EURUSD is taking a chance amid the local correction of the dollar. The currency pair can test the local highs. But! You need to be careful as there will be a lot of news today. Fundamental background is generally negative. (Trump's victory, tariffs for European export goods, lower interest rates and so on). This all accompanies the global and local downtrends. Accordingly, in our case, since a false support breakout is forming on the chart, we should wait for a retest of resistance and reversal patterns to further consider selling attempts with the purpose of further decline. Resistance levels: 1.0606, 1.065, 1.076 Support levels: 1.0517, 1.044, 1.033 Accordingly, we follow the nearest resistance, if bears behave aggressively on the background of the news, the price will continue to fall from these areas Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
6