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Parallel Channel

Bitcoin Final 5th waveThe fifth wave of bitcoin is measured at around 80k levels, but based on the channeling method the fourth wave made a "throw-under" which might indicate an extension of fifth wave that could result into a "throw-over" above the upper channel, which measures around 140k , current price action has formed an inverse head and shoulder, a confirmation for bullish sentiments once the neckline is broken and retested properly, a high volume/momentum move for the third wave of fifth wave will be observed that could potentially reach 70k levels then from there make a sideways movement or a sharp correction before proceeding to 80k levels, once Bitcoin reaches an all time high a weekly bearish divergence is going to be formed, once that bearish divergence validates a retracement for wave two of five could happen, or the market might move to 49k or lower if the extended fifth wave would not materialize short selling and taking profits from long positions would be taken on 80k levels.
CRYPTO:BTCUSD
by xTomato
4
SYK pullback to $375MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Price at or above top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM is spiked positive Price at 1.618 Fibonacci level In at $392 Target is $375 or channel bottom No stop loss. Will close manually.
NYSE:SYKShort
by chancethepug
Alikze »» EDU | Descending channel🔍 Technical analysis: Descending channel - It is moving in a descending channel in the 8H time frame. - At the bottom of the channel, a strong buying pressure candle has been encountered. - Currently, we have to wait for the failure of the supply zone to exit the downward channel. - If the supply zone breaks, it can have the targets of 0.9769 and 1.1719. 💎 Alternative scenario: In addition, if it encounters selling in the middle of the channel and below the supply range, it can retest the bottom of the channel. The first target of the downtrend will be the 0.39 range. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
NAS100 pullback to 20657MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. (buying SQQQ) Price above or near channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM positive Price at Fibonacci level In at $21145 Target is $100 or channel top bottom NO STOP LOSS. will hold to year end. adding to short position if price reaches 21,900
PEPPERSTONE:NAS100Short
by chancethepug
SPY pullback from $600MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Buying calls on SPXU Buying Puts on SPY Price at or approaching top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM spiked positive Price near 4.618 Fibonacci level Buying SPXU or SPY puts when SPY tags $600 Target is $587 or channel bottom NO STOP LOSS Will hold to year end or until target reached
AMEX:SPYShort
by chancethepug
2
MBLY pullback to $15MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Price above or at top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM extended positive Price at 1.618 Fibonacci level In at $17.45 Target is $15 or channel bottom no stop loss. manual close.
NASDAQ:MBLYShort
by chancethepug
1
Gold can reach resistance level and then continue to declineHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some time ago traded near the 2735 resistance level, which coincided with the seller zone and then started to grow and rose to 2780 points. Then the price turned around and started to decline inside the downward channel, where it broke at once 2735 level and then fell to the support line. After which it bounced and rose to the resistance line, but soon rolled down and later dropped to the current resistance level, which coincided with the resistance zone. Gold some time traded in the resistance area and then broke the 2590 level, after which fell to the support line of the downward channel. A not long time ago it rebounded from this line and started to grow, and now Gold continues to grow to it current resistance level. In my opinion, the price can reach a resistance level and then turn around and start to decline next in a downward channel. For this case, I set my TP at 2490 points, which coincided with the support line of the channel. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
GOLD - Price can bounce up from support line to resistance levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 After price started to trades inside rising channel, it at once rose to $2730 level from $2610 level. Then price broke it and some time traded inside resistance area, where it made a gap and later grew to resistance line. Next, price turned around and started to decline inside falling channel, exiting from rising channel. In falling channel, Gold broke $2730 level and some time later reached $2610 level and some time traded near it. Recently price broke it and fell to support line of channel, but a not long time ago it bounced up. So, in my mind, Gold can fall to support line again and then bounce up to $2610 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
5
GBPUSD → The fall after the breakdown will intensifyFX:GBPUSD continues to fall downwards. The price is testing the strong support at 1.267 and forms a false breakdown. The dollar is losing ground a bit in the meantime.... Theoretically, the currency pair after the false breakdown can form a correction (a trap or a crowd trick) before a further fall. Zones of interest in our case could be 1.272, 1.277, 1.28. Fundamentally, the situation is not the best, the pressure on the pound, on the background of the dollar rally, is present more than enough, accordingly, in the medium term we should expect a continuation of the fall. The trigger for this could be a false breakdown of resistance or a breakdown of 1.267 and consolidation below this zone. Support levels: 1.267, 1.261, 1,25 Resistance levels: 1.272, 1.277 We need to watch the price reaction to these key levels. If bears hold 1.267 and consolidate their positions below this zone, the fall will happen sooner. Regards R. Linda!
Short
by RLinda
2
Apple - A Correction Is Actually Inevitable!Apple ( NASDAQ:AAPL ) is preparing for a minor cycle correction: Click chart above to see the detailed analysis👆🏻 After creating five consecutive bullish breaks and retests of the previous all time high, it seems like Apple is one of these stocks which is perfectly following technical analysis. Considering that and the current rising channel pattern, it is quite likely that we will now see a short term correction. Levels to watch: $190, $240 Keep your long term vision, Philip (BasicTrading)
NASDAQ:AAPLShort
by basictradingtv
10
A NEAR Perfect EntryI'm back with another bull market outlook, this time focusing on NEAR Protocol. This setup follows a straightforward structure, closely aligning with recent patterns we’ve observed in Bitcoin and XRP. NEAR has been in a descending channel for the past eight months, and it now presents an ideal opportunity to enter into LONG positions, targeting a breakout from this channel. Currently, NEAR is testing the upper range of support within the channel, an area where we’ve seen previous reversals in similar assets like XRP and BTC. Typically, after testing this level, prices are primed for a substantial upward movement. The current entry point offers a high-probability setup with a tight stop-loss potential, ensuring an attractive risk-to-reward ratio. Capitalizing on these bull market rallies is key, and NEAR is no exception. Take advantage of the setup, and as always, trade wisely. Good luck!
Long
by MilkLover69
Bitcoin can little correct and then continue to move upHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a few days ago started to grow inside the upward channel, where it at once reached the resistance line of the channel. Then the price rose to the support area, which coincided with the 66800 support level, and then turned around and made a correction to the support line of the upward channel. When the price fell, it turned around and in a short time rose to the 66800 level, broke it, and then some time traded near. Later, BTC bounced from this level and rose almost to the resistance line of the channel, after which turned around and corrected to the support level, where at once made a strong upward impulse to the resistance line. Price some time traded between this line and later exited from a channel and continued to move up. Some time later, the price reached 86800 current support level, which is located inside one more support area and broke this level. Now BTC trades near this level and in my mind, the price can make a small correction, below the support level, and then continue to grow, and even reach new ATH. For this case, I set my TP at 94000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
EURO - Price can leave triangle and rise to $1.0765 levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price fell to $1.1085 level and some time traded near, after which bounced and rose to $1.1210 points. Then price started to decline in falling channel, where it broke $1.1085 level and fell to support line at once. In channel, EUR declined until to $1.0765 level, which coincided with resistance area and some time traded near. Later, price exited from channel, and entered to triangle, but firstly made a gap and then bounced down. Price broke $1.0765 level and now it trades near resistance line of triangle, so, I think can make correction. After this, Euro will bounce up to $1.0765 resistance level, exiting from a triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8