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Parallel Channel

Monthly Chart doesn't look as scary as the 30 min ES1!If you turned on TV this week or tried trading, you know how volatile the market has been. Pull up a 30 min chart and see how crazy it looks. We are taught to look at the daily and weekly charts to see where the big players are moving the market. Even a daily and weekly look horrible. Turn on a monthly chart with a channel on it and all of sudden it doesn't look so parabolic or catastrophic anymore does it? Because it isn't. An 11-year channel all we did was come down to the middle of it. Higher time frame charts will tell you more of the real picture that a 30 min noise chart.
CME_MINI:ES1!
by JDubTickTrader
EURUSD Can See more Weakness After A short-term RallyHi traders, its been about time to do a new video, this time on EURUSD after very nice move lower that may not be over yet. I think next pullback can be interesting to watch as it may be fourth wave within downtrend. If you like what I do, please press like or leave a comment below if you have any questions. thank you Grega Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
5
Draw perfect channelsDraw perfect channels using a quick hack. 1. Draw at least one level connecting two highs or lows that are of importance 2. Press and hold control and click and drag with your mouse 3. Now you're an expert channel drawer :) Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Education
by Cmasterza
4
Short term view on CHF pairs - More CHF strength expected.FX:USDCHF , FX:GBPCHF , FX:EURCHF , FX:CHFJPY Geo-political tensions support CHF pairs. Here is our latest analysis on the short term outlook of CHF pairs. The franc continued to gain support during Thursday despite net gains in global equity markets. Expectations of dovish policies from the Federal Reserve and ECB were important in underpinning the Swiss currency. Geo-political tensions were also an important element providing Swiss support notably fears over increased tensions over Iran. Good luck!
by Signal_Centre
DJI (Wall Street) - an important decision point.The chart shows either a wedge (broadening descending) or a parallel channel. It is important because the former more times than not is an indication of probable reversal northward. The latter (the channel) creates more probability for the south. As many will know much of the volatility in the last few days has been related to the US-China trade talks and uncertainties arising. Mr Trump has threatened (and part implemented) a new wave of tariffs on Friday 10th May 2019. The price action was actually crazy on 10 - 15 min time frames. Price collapsed to around 25500 and suddenly reversed when the Chinese gave some positive word on outcomes. That word was nothing great. This market is on a knife edge. It's amusing as it is amazing how 'sentiment' about this trade deal (comprised of hope, greed and fear), rules this market. The possible patterns shown highlight some of the difficulties in trading. What appears to be a channel could become a wedge. The projections are speculative. Disclaimer : This post makes no recommendation about direction of trading. My personal position is short which is not an encouragement to short this market. Your losses are entirely your own should you make decisions based on this technical picture.
FOREXCOM:US30Short
by Captain_Walker
SHOPRITE GROUP LIMITED (SHP) SHORTPrice has been moving in a descending channel, in a series of impulses and correction, and we can expect prices to continue to move to the downside. There is potential for short term long entries due to an inverse head and shoulders pattern, which is a reversal pattern, but first price has to break the neckline and this will give us confirmation to enter especially if there is a retest. My bias is bearish as price seems to be forming the corrective part of a bear flag pattern, and conservative traders can enter on the break of the flag support to the downside, whilst risk-seekers can enter positions on the resistance level of the flag position. It would be even more safer to wait for a rejection of the descending trendline which makes up the channel support before placing any short positions.
JSE:SHPShort
by munyaelliott