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Parallelchannels

Nvidia - It Is Finally TimeHello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: In 2019 Nvidia stock started creating a long term rising channel and retested the lower support trendline the last time in 2022 before we saw a massive +600% rally on this stock. Nvidia is now retesting the upper channel resistance which I mentioned in the analysis and there is a quite high chance that we will see at least a short term correction towards the downside from here. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:NVDA
by basictradingtv
10
Confluence in Parallel Trends for BitcoinBitcoin broke out of its parallel downtrend here back in June of last year. That channel has a first target that is exactly equal with its ATH weekly close. I have an earlier post about this that is linked below. It has since formed a parallel uptrend and is presently looking like it may attempt a breakout. Should that occur, its TP 1 and 2 are halfway towards and then just a hair above the parallel downtrend's TP 2. There is confluence here, both in its measured targets for both parallel trends, and in its previous ATH. It could also form a double top if the breakout reaches previous ATH but then falls back down into the channel. If we don't see a breakout now, it could move back down towards channel center around 42-46k or channel bottom around 32-36k, and that would shift breakout targets higher (as well as breakdown targets). Alternatively, there could be a breakdown of the parallel uptrend - and this would also have confluence with a 2nd re-test of parallel downtrend's channel top, which could also form a double-bottom.
INDEX:BTCUSD
by dudebruhwhoa
1
Nasdaq - Time To SellHello Traders, welcome to today's analysis of Nasdaq. -------- Explanation of my video analysis: For more than 14 years the nasdaq has been trading in a super obvious bullish parallel rising channel. In the beginning of 2023 we had another retest of the lower support which was followed by a +65% rally. If the Nasdaq rejects the current resistance towards the donwside and retests the support mentioned in the analysis, I will then be looking for long setups again. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
TVC:NDQ
by basictradingtv
4
Shanghai Comp SHCOMP ~ Bearish H&S Update (Feb 2024)SSE:000001 chart mapping/analysis. Been a while since I've published any charts on TradingView - process is a pain in the a$$ tbh & procrastination crept in while lacking TA-edge on markets + other commitments.. That said, noticed Shanghai Comp chart still notching views given current environment so thought I'd give an update. Initial TA thesis hasn't changed - bearish H&S identified in Dec 2023 completed & still in play, despite PBOC desperately throwing everything to keep their market afloat (don't fight the trend). Chart notes: Cleaned up clutter from previous chart Added descending parallel channel for potential bounce play off lower trend-line Labelled 50/200 EMA death cross to signify bear market trend (weekly chart) Break below ~2666 = further capitulation Break above ~2924 (R1) = bullish trend reversal Stay tuned whether I get back on TradingView horse & update older charts or publish new ones, cheers.
SSE:000001Short
by BlueHatInvestor
AMD Weekly Technical AnalysisAMD Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Confluence, Cluster, Parallel Channels, Modify Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
NASDAQ:AMD
by BahamasX
Banknifty chart at Mid-Channel Support (Educational Post)The daily chart of Banknifty is looking nicely poised for a recovery if Mid-channel support line is held effectively. Mid Channel support right now is at 45700. Exactly where Bank Nifty closed today when I am writing this. If the mid channel support is broken we can see a further fall of Bank Nifty to 45469 or 44886 levels. In case the mid channel support works well the resistance on the upper side will be at 46544 (Mother line based on my Mother, Father and Small child story), 47271, 47906 and finally 48959. Below par result of HDFC Bank was the main reason for the fall of Banknifty. The merger of two giants HDFC and HDFC Bank is putting pressure on the profit margins of the bank and top line growth is muted due to the same. It seems from the result of HDFC Bank that, consolidation of 2 mighty forces will take some time to rebuild the top line. It is a popular opinion that in the next 1 to 4 quarters the merger will stabilize and HDFC Bank should emerge from this saga as a mega force but we will have to see when it actually happens. HDFC Bank still remains a long term investment idea and Portfolio stock for many investors. However Banknifty took a terrible beating for the same reason. Results from other banks if good, can turn the pessimistic ambiance around Banknifty to that of recovery and consolidation. Mid channel line is there to support the same. 200 days EMA or the Father Line (those who know my Mother, Father and small Child story know it) can prove to be vital support for the falling comet. 200 days EMA is currently at 44539. We will have to see how it goes from here. The main constituents Banknifty are HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra Bank, SBIN, PNB, Bank of Baroda, IDFC First Bank, Bandhan Bank, AU Bank and Federal Bank. All of these banks can be impacted in a small or a big way by the movement of Banknifty. Looking at the chart of Banknifty, individual charts, Fundamentals and Results of all these banks an investor can make his or her investment decisions. Disclaimer: Investment in stocks and mutual funds is subject to market risks, please consult your investment advisor before taking financial decisions. The data provided above is for the purpose of analysis and is purely educational in nature. The names of the stocks given in the above article and chart of the company or index is only for analysis. Purpose of this article is educational. Please do not consider this as a recommendation of any sorts.
NSE:BANKNIFTY
by Happy_Candles_Investment
Testing Support Levels following 50/200 Week SMA CrossI like to consider bullish and bearish scenarios, this outlook would be bearish for at least a couple of months, or even into fall of this year before returning to bullish again. Pre-requisite is losing a daily support area between 36.5-40k This is the 2nd time the 50/200 week SMA has crossed. The first time was a little under a year ago around early to mid-February of last year. Crosses like this, whether bearish or bullish, often get tested, as it did when it saw the 50/200 week SMA death cross last February. We tested it, initially held below the 50 week, and then broke above both the 50 and 200 week SMA before riding along the 200 SMA and finally moving well above; causing the Golden Cross we are seeing now. There could be a possibility that we see another test of the 50/200 SMA following this new crossing, which lies around center of support. Hold support and the crossing to remain bullish above 30k. Lose support and the crossing and we might see a double bottom around ~15.5-17-5k instead. This would also be a re-test of the top of the channel drawn on the chart. A related older bullish channel break idea is linked in related ideas below.
INDEX:BTCUSDShort
by dudebruhwhoa
S&P 500 Daily Technical AnalysisSP 500 Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
VANTAGE:SP500
by BahamasX
📈 BTC Rollercoaster: Historical Parallels and SpeculationsIn the dynamic world of cryptocurrencies, significant events often trigger market movements, and the past has shown us that what follows isn't always a predictable upward trajectory. In 2017, the approval of CME futures for Bitcoin (BTC) was met with enthusiasm, but the subsequent market performance took a surprising downturn. Similarly, the Coinbase IPO and the introduction of BTC Futures ETF in 2021 were anticipated as milestones, yet they coincided with a prolonged bear market. 🔄 Cycles of Euphoria and Correction: The cryptocurrency market has exhibited a pattern of euphoria followed by correction, a cycle that has repeated itself over the years. The approval of CME futures in 2017 marked a peak of excitement, but it was swiftly followed by a significant correction. The Coinbase IPO and BTC Futures ETF approval in 2021 created another wave of optimism, only to be followed by a prolonged bear market. 📉 Bear Markets: A Historical Perspective: The crypto community is now faced with the anticipation of a potential bear market after the recent approval of a SPOT ETF for BTC. While the approval signals growing adoption and institutional interest, historical events remind us that positive developments don't guarantee an immediate and sustained upward trend. 🔍 Learning from History: The crypto market's susceptibility to volatility demands a cautious approach. The history of CME futures and the Coinbase IPO serves as a reminder that market sentiment can quickly shift, and external factors can contribute to downturns despite positive developments. 🚀 The Adoption Dilemma: The approval of a SPOT ETF for BTC is undoubtedly a sign of increasing adoption and mainstream acceptance. However, whether this will lead to a sustained bull market or trigger a correction is uncertain. The market's response to adoption-related events has been mixed, highlighting the need for vigilance among investors. 🔮 Future Speculation: As we navigate the uncertain waters of cryptocurrency markets, it's essential to acknowledge that predicting future movements remains challenging. While historical patterns offer insights, each market cycle is unique, influenced by a myriad of factors. The only certainty is the continued evolution of the crypto landscape and the potential for surprises along the way. In conclusion, the approval of a SPOT ETF for BTC underscores the maturation and acceptance of cryptocurrencies. However, investors must approach the future with a balanced perspective, considering historical patterns while acknowledging the unpredictable nature of the crypto market. As history has shown, the crypto rollercoaster is characterized by highs and lows, and navigating it requires a combination of strategic analysis and a healthy dose of caution. Get access for 3 best crypto indicators below !
INDEX:BTCUSD
by AlexWhale
Nasdaq - Retracement TimeHello Traders, welcome to today's analysis of Nasdaq. -------- Explanation of my video analysis: For more than 10 years the Nasdaq has been trading in a very obvious rising channel formation. Considering that we saw a +50% pump in 2024, the Nasdaq is certainly ready for a (short term) correction back to the lower support trendline which I mentioned in my analysis. From there I do expect the longer term bullish continuation though. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
TVC:NDQ
by basictradingtv
9
Was it profit booking or Channel Top resistance? or both? Nifty is facing a channel top resistance and trying to cool down/climb down from the overbought zone. The Major resistance for Nifty going ahead are at 22056 and very strong Channel top resistance near 22124. Supports for Nifty on the lower side as it tries to cool down it's RSI will be at 21973, 21917, 21840 (Mother Line, Good support 50 Hours EMA), 21758 and 21687 (Mid Channel Support). If Mid-Channel support is broken the next supports will be near 21591, 21455 and finally 21377 (Father line, Major support 200 Hour EMA). Nifty looks as if it will start negatively tomorrow in the afternoon it can try and stage a recovery.
NSE:NIFTY
by Happy_Candles_Investment
Nvidia - Higher, Higher And HigherHello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: All the way back in 2014 Nvidia broke out of the long term symmetrical triangle formation and entered a crazy bullrun. With the current channel formation on Nvidia, there is a high chance this stock will push higher even more to retest the upper resistance mentioned in my analysis. From there I do expect a correction which could be similar to the one of 2022. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:NVDA
by basictradingtv
5
🚧BTCUSDT is Bullish now🚧 & many Traders don't see it 👀!!!➡️Bitcoin is currently situated within an ascending channel, forming an ascending triangle pattern. Notably, it has demonstrated a historical uptrend with approximately 20% gains in similar past patterns. Presently, BTC is supported by 20 EMA in 24H, complemented by dynamic support at 42,150 and static support at 41,760. Short-term price targets are anticipated at 50,500 and 54,250, aligning with the 1.272 and 1.618 Fibonacci levels, respectively. AB=CD 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
4
Inventing the "Growth" Story of Inventure "Growth & Securities"Inventure - A leading provider of investment advisory service and distributes financial products like mutual funds, insurance products, etc. The stock turned Multi-bagged when it multipled from 0.80 / Share to 6.75 / share in a matter of 22 months. Now - after a perfect 0.786 retracement on the Fibonacci scale - it is all set to beat its earlier bull run. Here are the Technicals: Fib 0.786 Retracement on Monthly Perfectly following a Parallel Channel on monthly since 10 years A beautiful Rounding Bottom pattern - about to BO above 3.15 for Target of 4.8 Resistances: A Multi-year resistance from its IPO duration in 2011 is pushing the price down from 3.1 levels. Inventure is all set to make new highs only 3.15 is taken out decisively on WCB Targets Short Term: 3.9 Rounding Bottom: 4.8 Fib Extensions: 6.15, 11.05 A True Multi-bagger in the making 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:INVENTURELong
by Stocks-n-Trends
Can 1st Week of 2024 avoid the Thunderstorm of Dec 20, 2023 ???Remember the Great Sudden Multi-Sector Fall of Dec 20, 2023 where Almost all Sectors of NSE/BSE fell together ??? Refer our 8 Part Series - Decoding the Mystery of the Dec 20 Fall for more explanation of why we faced Major Selling Pressure Across Sectors Is there a possibility of something Similar on the New Year Week ??? - Before we say Yes / No - let's first understand what happened on Dec 20, 2023. If 1 particular Sector (ex: Small Cap) faces its resistance, major small stocks is expected to face a correction. When we have diversified portfolio with multiple sectors - we will still have a healthy Day P&L as other sectors provide some support When All Sectors face their Resistance together - most of the stocks in your portfolio will see RED same day which triggers Panic Selling of weak hands - which aggravates the situation further. 1st Week of Jan 2024 is facing similar situation. 6 out of 13 Sectors what we reviewed are facing their Resistance together. Rather than saying its "Time to be Cautious", I would suggest "Its Time to be Brave". There could be a Panic Selling again from Retail investors, but its just a normal Correction. Those who held their nerve on the Dec 20 crash would vouch for the fact that their Portfolio recovered fully / more than the fall within next 2-3 (or max 5) sessions. Small Cap Mid Cap Energy Realty IT Nifty The Remaining 7 Sectors - Look good with BO and more room for Upward move. So, this time, it won't be as bad as Dec 20 and if people realize their Mistakes from Dec 20 and hold their nerve - we can collectively overcome the situation 7 Sectors that are Bullish / Have more room for Upside: Pharma Media Metal Auto Finance Bank Nifty FMCG If you like our analysis - please do share your views, likes, Boosts and support us - Team Stocks-n-Trends
NSE:CNXENERGYShort
by Stocks-n-Trends
1
Possible Channel Break Re-testsA quick look at how Bitcoin could drop as low as 25-26k or even 22-23 and remain bullish. Bitcoin first broke above an inverted HS, which ultimately led to a parallel channel breakout on the weekly chart. We haven't yet re-tested the top of that channel. A re-test doesn't always occur, but if it does a re-test at 25-26k is easily still bullish and remains above both pattern breaks. There's also the possibility of a pullback below the inverted HS that still remains above the channel if a re-test occurs but gets dragged out for weeks. A prolonged re-test could pullback below the inverted HS, yet remain above the parallel channel, going as low as 22-23k or even lower (below 20k) if it is prolonged further.
INDEX:BTCUSDLong
by dudebruhwhoa