Get started

Parallel Channel

Critical Turning Point for the S&P 500: Bullish or Bearish?Happy New Year, everyone! 🎉 I hope you all had an amazing start to 2025. Let’s dive into the S&P 500 chart because it’s showing some critical patterns that could define the market's direction moving forward. The S&P 500 has now broken below the Rising Channel, confirming a bearish breakdown from the long-term uptrend. This move adds to the bearish pressure initiated by the previously formed Head and Shoulders (H&S) pattern. The breakdown of the Rising Channel, combined with the confirmed H&S pattern, suggests a significant shift in market sentiment. With the price also sitting below the 50 EMA, the bears appear to have the upper hand. 1. Rising Channel Breakdown : After respecting the channel boundaries for months, the price has decisively fallen through the lower boundary, signaling the uptrend is over. 2. H&S Pattern Confirmation : The neckline has been broken, further validating this bearish reversal structure. 3. 50 EMA Resistance : The inability to reclaim the 50 EMA solidifies the bearish momentum. Targets to Watch * 5,687.33: The next immediate support level where price could pause or consolidate. * 5,600.45: A breach of 5,687.33 could send the price toward this stronger support zone. * 5,119.26 (Channel Projection): If bearish momentum accelerates, the longer-term target aligns with the channel's projected downside. What’s Next? With the Rising Channel broken, the market’s bullish structure has collapsed, leaving traders watching key support levels to assess the depth of the pullback. Bulls will need to reclaim the 50 EMA and push the price back into the channel to regain control, but this seems unlikely in the short term. The market now leans bearish, and the next few sessions could confirm whether this breakdown leads to a larger correction or stabilizes near support. Let me know your thoughts and how you plan to approach this setup. Wishing you all a successful and profitable trading year ahead! 🚀 #SP500 #TechnicalAnalysis #BearishBreakdown #RisingChannel #HeadAndShoulders
SP:SPX
by CryptocurrencyWatchGroup
Bitcoin Annual Timeframe AnalysisOverview: Bitcoin's price movement on the annual timeframe demonstrates a clear formation of waves, reflecting market dynamics and investor behavior. The analysis covers the primary wave structures and transitions, as well as the evolution of analytical perspectives based on price actions. Detailed Analysis: Major Wave 1 (2009 - 2017): The first major wave consists of five distinct sub-waves: Sub-Wave 1: Rise from $0 to $30. Sub-Wave 2: Correction to $4. Sub-Wave 3: Strong rally to $1,163. Sub-Wave 4: Correction to $152. Sub-Wave 5: Extension to $19,666. Major Wave 2 (2018): A sharp correction to $3,122, representing the second major wave. This wave is consistent across all scenarios, marking the end of the first cycle and the beginning of the next major trend. Old Perspective (2019 - 2021): The rise from $3,122 to $69,000 was considered the third major wave . The correction to approximately $15,000 was classified as the fourth major wave . The expected termination near $75,000–$80,000 was projected to be the fifth major wave , respecting the Termination Channel. Analytical Shift: The breakout above $80,000 invalidated the old perspective, requiring a reevaluation. The updated analysis reclassifies the movements within Major Wave 3 as: Updated Major Wave 3 (2019 - 2024): Sub-Wave 1: A rise from $3,122 to $69,000. Sub-Wave 2: Correction to $15,974. Sub-Wave 3: Current rally to $108,000, with potential extension towards $125,000. The Termination Channel has now evolved into a Base Channel , providing support for future corrections instead of acting as resistance. Future Projections: Sub-Wave 4: A potential correction aligning with the Base Channel. Sub-Wave 5: A rally to conclude Major Wave 3, potentially exceeding $125,000. Key Failure Points: Price dropping below $69,000 would indicate weakening bullish momentum. Price falling under $46,000 would signify a potential market reversal, undermining the long-term bullish structure. Such a drop would also validate the old perspective, suggesting that Bitcoin's bullish cycle concluded at levels between $108,000 and $125,000. Conclusion: Bitcoin's wave structure showcases a clear roadmap of market dynamics. The transition from the Termination Channel to the Base Channel underscores the evolving nature of market analysis. Monitoring price action within these channels and the identified support levels is essential for making informed trading decisions. This analysis highlights key opportunities for growth while recognizing critical failure points to manage risk effectively.
BITSTAMP:BTCUSD
by ahmadsaad83
AEM - Head & Shoulder PatternAEM is possibly forming a Head & Shoulder pattern. Price action is currently under a rising parallel channel that breaks downwards and price eventually breaks parallel channel. If price breaks the parallel channel and $74, it will complete Head & Shoulder pattern. Once Head & Shoulder pattern is formed, stock price fall is either $ price or percentage difference between Head and neckline. In this case, the projected price fall after completion of Head & Shoulder is likely to be between: - 63.17 if price drops by 14.50% - 60.98 if price drops by $12.90 Price is probable to fall by $12.90 to 60.98 because it coincides with: - Fib retracement level of 0.618 which is a golden ratio - strong weekly support zone around 61.31 - gap fill is at 59.65
NYSE:AEM
by I_M_Shoaib
AAPL near top around $243, pullback to $234MODs 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 near top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM is spiking positive Price at or near 2.618 Fibonacci level Buying puts or NASDAQ:AAPD when price reaches or exceeds $242 NASDAQ:AAPL downside target would be $234 or channel bottom
NASDAQ:AAPLShort
by chancethepug
2
SOL situationCOINBASE:SOLUSD It has currently reached the ceiling of its descending channel, which can grow to the following levels as a mineral step if it breaks the ceiling of the channel and the resistance of $210: 230, 245, 264 ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
COINBASE:SOLUSDLong
by Cryptonic_Trading
SPY to $650 in January?SPY recently retraced to the bottom of our Magic Linear Regression Channel with a large 3%+ move. Today, there was a nice bounce bounce from the channel bottom, back up to yesterday's open. So, what's next for SPY. The Magic Linear Regression Channel shows upside potential to it's baseline back at its recent all-time highs, and the potential for a higher move to the $630-$650 range. However, there is also the potential for it to fall back through the channel. Since we've been in a bull market for awhile now, that channel break would have to happen more definitively in order for that to be a likely scenario. We've recently introduced the Magic Candles PRO indicator, which shows high volume candles that have very little price movement. When paired with the Magic Linear Regression Channel on a 1 day chart, it tends to show reversals at key levels on the Magic Linear Regression Channel. However, because we had a large move down on Weds, Dec. 17th 2024, and a large move up on Friday, Dec. 20th 2024 and ended up at the open of Thurs., Dec. 18th 2024, we get a doji on the 2 day chart that shows a massive "volume hammer" signal not seen since 2019, 5 years ago. This signals that we are on the verge of a large sustained move. Again, because we've been in a bull market, and there aren't any very strong signs that it is over, we suspect that the large sustained move will be to the upside, because of the signal. If the price breaks down out of the channel, then we'll be in for a nice downward ride. Until that happens, though, we're bullish as we approach the all-time high again, and all the way to the $630-$650 range.
AMEX:SPYLong
by mwrightinc
2
Correction or no correction?Since the end of 2017, the Bitcoin has been moving in a healthy channel up to this day, touching the upper trendline of the channel twice as often as the lower one, while nicely reacting to the Fibonacci levels of the channel. Currently, it is still moving within this practically all-time bullish channel. However, as a result of the Trump-jump, it has now reached the upper trendline of the channel for the fourth time. It is very important to understand that this channel is essentially BTC’s main channel of all time. While the breakout prediction for this bullish channel would theoretically be bearish, such an event would be, to put it mildly, an epic occurrence in BTC's history. We've seen similar moves in BTC's past—for example, the cup and handle formation, which developed over three years, with the “handle” portion essentially formed throughout most of 2024. Similarly, a characteristic of this main channel was the double top structure in 2021, which established the lower boundary of the channel and had notable head and shoulders formations at its peaks. Why is all this important for the period ahead? As I mentioned, we are currently rebounding from the upper line of the main channel since December 2024. By now, everyone has come across the dreaded "correction expectation." And not without reason. The question is whether the current movement is a normal small-structured channel movement or part of the almost expected correction? Perhaps both at the same time. It’s well-known that movements within larger channel structures also exhibit fractal-like channel behavior—smaller channels of various directions form complex larger channels. On BTC's higher timeframe chart, it’s evident that we reached the upper line of the main channel within another channel, the parent structure of which was the channel lasting from March to November 2024, from which BTC broke out healthily. Currently, BTC is moving within this smaller channel and seems to be heading toward its lower trendline, approximately below the 90,000 level. Things become interesting when this lower line is reached since this subchannel is also a bullish channel with a 78% bearish breakout projection. Should BTC break out from this, we would be witnessing a long-overdue correction in BTC's history, with the Fibonacci levels of the main channel determining the extent of the correction. Considering the history of the main channel in terms of Fibonacci levels, there’s no guarantee that the 61.8% level or the median will hold. I won't put more energy into this scenario—let’s bite our nails when it happens. 😊 More likely scenario: In my opinion, a more probable and fundamentally sound scenario is that BTC remains in the subchannel. With January 19 approaching, it could head toward both the lower line and the upper line of the main channel, targeting the 110,000 level. Either way, we’re in for an exciting January! For those getting too anxious, remember the words of Virginia Viadura: "Don’t worry kid, they’ll store it!"
Long
by DamageDeaIer
1
S&P500 - The Next 14 Days Will Decide Everything!S&P500 ( TVC:SPX ) is about to break all resistance: Click chart above to see the detailed analysis👆🏻 Over the past couple of weeks, the S&P500 has been repeating the major breakout rally of 2021. Back then the S&P500 actually broke above the channel resistance and immediately rallied more than +15%. If we see the confirmed breakout, we will likely see the same thing happening again. Levels to watch: $6.000, $7.000 Keep your long term vision, Philip (BasicTrading)
TVC:SPXLong
by basictradingtv
24
USOIL:Latest trading opportunities. USOIL: The current position is around 71.2. According to the quotation of tradingbiew. From a macro analysis, as a strategic reserve, the rise of oil is inevitable. From the perspective of long-term trading, buying is feasible. Short-term observation. "Whether OPEC+ will cut production" is an important factor in the upward trend of oil prices. From the perspective of short-term trends, buying is still feasible. In the short term, we need to pay attention to the price around 73.5. Because there is a major support below. If you can accept a price fluctuation of 20 points, then there is room for profit in buying. Stop loss and take profit are ±2 respectively. The current price is 71.2. Remember to take profit in time after making a profit. TVC:USOIL FX:USOIL
TVC:USOILLong
by Newbie-Trading-