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Parallelchannelbreakdown

The Reliable "Reliance Twins" - MultibaggersYou can see the Monthly charts of "Reliance Power" compared against "Reliance Infra". I am not calling them "Twins" just because its from same "Reliance Group" But I was flabbergasted to see the Exact Chart Structure - from Similar Timelines. Channel Breakdown - Recovery - Trading inside the Channel and now finally Breakout of Multiyear channel. Amazing Duo - Xerox copy of each other and both forming Multi-bagger Bullish Structures now... Reliance Power Targets - 37, 45 Reliance Infra Targets - 300, 360, 450 Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:RELINFRALong
by Stocks-n-Trends
1
FNGU- Technology Titans CounterTrend LONG on ReversalFNGU on the 4H chart is in a trend down within a parallel channel. The previous trend down from the top of the channel to the bottom was 29% while the counter counter-trend up from the bottom of channel to the top was 18% over 7 days. Presenly the trend down from the upper channel is confirmed by the two RS lines near to the 50 level and the Awesome Oscillator with a down going signal. Trade plan - I will trade FNGU short ( or FNGD long ) until it is at the bottom of the channel. Upon reaching it and mindful of a fake breakdown. I will watch for reversal signs on a lower TF and upon finding them in the MACD or Bollinger Bands or VWAP bands I will close the trade and so long instead.
AMEX:FNGUShort
by AwesomeAvani
TMV setting up a reversal LONGOn this 4H chart- TMV the leverage bear Treasuries ETF has been trending up in a parallel channel. AT present it bounced from the top of the channel and is heading down to the bottom of the channel. It is there that I will trade long where the bottom of the channel is confluent with the mean VWAP providing an overlap of dynamic support. Near that same level is the POC line of the volume profile. Price needs to stay above the POC line for the probabilities to tell me to trade long. Roughly I am looking for a trade from 145 to about 160 for a 10% move more or less. The stop loss under the channel trend line for about 1.5 and so the ratio is about 6. Once in the area of the bottom of the channel. I will look to the indicators and zoom into 15-30 minutes as a time frame to find the entry. I will entertain taking a trade in a fair number of shares and potentially buy a put option for insurance against the downside to hedge against losses. I expect the trade to last a week or less and so averaging about 2% gain daily.
AMEX:TMVLong
by AwesomeAvani
Parallel channels provide great visualsI've really started to like parallel channels a lot as part of very simple TA. On the daily or weekly charts in particular. It works pretty well for Bitcoin, it works especially well for stock indices, particularly SPX/SPY for longer term trends. It's just an excellent visual of waning buying pressure as upwards price movement starts to fall out of an ascending channel, or waning selling pressure as price action starts to go sideways and up plus out of a descending channel. With that being said, the most recent trend shift that may well be developing is Bitcoin showing weakness in the ascending channel as it just hit its high for 2023 as seen above. This is in combination with this market cycle indicator potentially indicating we're at or near the top for the crypto space. It's also taking a bit of history into account, with Bitcoin halving cycles. Post a miner payout halving, Bitcoin tends to enjoy it's strongest bull runs for anywhere between 12-18 months after. Then that's followed by exactly 12 months of selling off. That 12 months of selling off can be followed by a smaller rally/mini bull cycle, but that eventually starts to come back down as the next halving approaches. This is why I've been likening 2023 to what happened in 2019. Obviously, history won't repeat exactly, but it often does rhyme. Now, channels are usually only able to be put up with some retrospective, but the idea is that the channel can at least give you advance warning when a shift is about to occur, then some time later you can put up the next channel as support and resistance of the current trend become established, project it out a ways so you can see when it does start to diverge out of the channel. Above is the late 2021 all of 2022 Bitcoin bear market. That parallel set would have been able to have been put up months before it started the bottoming process, and did great at showing the selling pressure slowing, and the price action exiting out above of the channel before it did its final drop in December. Go back some more. The giant parabolic move it started in 2H 2020 and carried into 1H 2021: It stays within that channel, but that last rally in April, it's a pretty weak looking all time high at that point as it's fallen to the bottom of the channel. Let's try with SPX. This is coming out of the COVID crash, which had a pretty radical upwards trajectory compared to many years prior. I lined up according to the top line mostly, trying to hit two of the early peaks, it also happened to go through a gap-down during the sell off in March 2020. I also was aiming to get it close to parallel with the 4 months where price action kind of normalized 2H 2020 into 1H 2021, where there was a pretty consistent trajectory the highs had. After a small amount of turmoil, Feb-March 2021, it resumed another 4 month period of consistent upwards movement, but this time, at a slightly less aggressive trajectory than before, which was not so easy to see unless you drew a line parallel to the previous 4 month period that had a consistent upwards march. Then more turmoil September into October 2021, eventually followed by all time highs in December, but by that point, the highs were now mid channel instead of near the top, clearly showing waning buying pressure. And it indeed was followed by a near year-long sell-off. Let's go there next: The top trend line was well-established pretty early on in 2022, often got referred to as the MOAT (Mother Of All Trend Lines). If we put the bottom of the channel at the June 2022 lows, that then makes the subsequent October lows show that maybe sell pressure is waning some, as it didn't come back down to challenge that lower line. By January '23, it was becoming more obvious that we were setting our first higher low. We did get close to re-challenging that low very briefly in March, and it's been more up than anything ever since. Time to start drawing ascending channels again. I've tried a couple spots, and it just looks like we're in one of our most bullish moments right now. There of course will be small corrections, but until a larger falling out of these channels becomes pretty obvious, I wouldn't try fighting the bulls... This is the main one I'm looking at for the moment, I've also tried drawing a smaller channel for the more recent, aggressive upwards move from May through now, but removed it for this larger trend channel for clarity. You start drawing multiple channels, the chart gets very busy, very quickly. For the larger market cycle top, I'll be keeping my eyes on this channel as well as www.tradingview.com . If I see both a falling out of the ascending channel plus an upwards divergence of the lows in VIX/VVIX, it's time to go full bear, sell sell sell! Until then, run with the bulls. More often than not, it's ill-advised to go against them. For the record, from this point I'm starting to turn bear on Bitcoin for the remainder of the year, but equities still likely have at least several more months of going up pretty rapidly, very similar to 2019. Equities bulls are the ones I won't be fighting here. I actually won't be fighting Bitcoin bulls either, but I am definitely not a buyer here, where I will continue to be long equities. But, if I'm right and Bitcoin finds another nice supported low near the end of this year, that will likely be the point to buy back in/add for the post-halving mania that will ensue.
BITSTAMP:BTCUSD
by dieseldub
Long-term view on EUR/USDThis is the 6 month HA chart. We can see that Euro was in a parallel channel uptrend over most of its lifetime against US Dollar. We've since had a parallel channel breakdown. Measured 1x and 1.5x targets for a parallel channel breakdown are on the chart. Reminder, this is a long-term view, which could take quite a few years to complete, if valid. Invalidated if we break back into the channel and remain. Good chance we'll see a re-test of the bottom of the channel at some point in the near future prior to falling towards the 1x or 1.5x targets.
Short
by dudebruhwhoa
8
Trend Channel Early Direction and Best Entry NIS- Nava Imbalance Strategy - Using Only Price Action, We can find the best entry to catch those HUGE returns! This is how to detect early direction and perfect entries and exit points using Wycoff method. (on diagonal trend channels not support/resistance) This Wycoff pattern will create imbalances on parallel trend channels. IMBALANCE (price moves outside of trend channel then returns.) First imbalance is showing who is in charge regardless of trend channel direction. Example -IF first imbalance is on top, & trend channel is going up, Look for entry at new imbalance #2 at the bottom of trend channel to catch biggest move. Best Entry = @Fakeout / Safe Entry= @ return to trend and retest trend line. -IF first imbalance is on top, & trend channel is going down, Price will move with trend until higher time frame trend channel line is hit. Price will then start to return to imbalance below slowly. This pattern repeats on all trend channels that have been correctly placed. - We find correct channel placements by making trend channels from daily down to entry time frame. - Hide higher timeframe trend channels to see better in the lower time frame channels but will need to see where they are as price approaches the trend lines. - Trend channels like to continue the push of a trend until bounce of higher time frame trend channel lines to follow higher trend channel or breakout. You can follow price with trend channels once you have entered until price starts making imbalances in the opposing direction.
Education
by JOKESTV
FTM 15 MINUTES SCALPINGThis is one of my invented 15 minutes scalping method whenever I find the "Ascending Channel" As you can see in the chart the point where price touches the resistance level of the channel (red arrow) is where to place a short or sell. While the point support level (green arrow) is the buy or long zone. This point are not just picked randomly, they are selected based on the following criteria 1. the initial resistance becomes support. 2. the levels at which resistance becomes support have equal distance in between.
by DewyCandles