Eth falling wedge and ascending channel Eth is consolidating in ascending channel and falling wedge. It will stay in this range for some days. Btc will pump more than Eth these days. It’s not ETH time.
Parallelchannels
BITCOIN again in parallel channel range and more correction ❌🧨Hello 🐋
we can see more correction to the downside at least close to great daily support level ($26000) ❌🧨❌🧨❌
in other word
if
the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction, at least to our lower trend line ❌🧨
otherwise
we can see more gain to upper resistance level ✔️🚀
for
any other huge pump, we need more correction 📖📖📖📖📖
if
breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨
brief amount of green candlesticks to the upside before any other movement is logical 📖💡
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
USDJPY, Five Count Diagonal, 1hrGood afternoon,
I hope everybody had a wonderful week and trading week. This week my bias has changed up a bit on the direction of where the market is going. Currently, I am leaning toward the market being in a diagonal consolidation in five wave count. Once the diagonal five wave count is complete, UJ will continue to be a dominantly bullish market.
Focusing on current events, I am currently looking for a retracement back into the price zone of 132.900 area. Once or if price takes this drop, I am looking for price to shoot back up to complete wave 4 and hit price point 134.541.
If you have any questions, comments, concern, or agree with my analysis, Please like, share, or comment.
ODAS channelsODAS is abiding the parallel channels since April 2022.
Two levels are given according to the price action. You can swing trade between the red intervals if it gives an opportunity.
SOYBEAN FUTURES Weekly Technical AnalysisZS1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Parallel Channels, 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.
S&P 500 Daily Technical AnalysisES Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Pitchfork, Modified Schiff Pitchfork - 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.
NZDUSD Potential SetupNZDUSD has been moving in an ascending parallel channel, and the price has formed an HL. Potential opportunity for Long.
Look out for support on the parallel channel and 0.5 Fib retracement support
GRTUSD: Potential Macro Descending Channel Break Hook and GoGRT has spent some weeks backtesting the supply line of this channel as support and may be preparing to soon continue it's ascent and potentially make a 0.618 Retrace which would take it to $0.62
Parallel channel update! retestI try to use as many indicators as I can to experiment and learn from thier comecomes.
Iv been using the parallel channel tool recently and I enjoy how simple but handy it is.
To me, recently we broke down from a upward trending channel (green) and it looked to me as if I slight downtrending channel was beginning to form (orange)
Yesterday we momentary broke back out of the orange channel, perfectly retested the bottom of the green channel and got heavy resistance before re-entering the orange channel (retest and mini fakeout)
See the link post for past related posts and keep an eye out for updates :)
GBP/USD: a crucial sniper zone that bears should have eyes onAs it can clearly be inferred from the DAILY timeframe graph of GBP/USD, the price is approaching a major level of resistance that it can possibly reject.
We will keep monitoring the price development around that zone and enter short positions upon confirmations.
Parralel channel denied?We broke out of the parallel channel I thought we might be in so this indicator maybe out the window.
Unless we close the daily candle back inside the channel, then retest resistance
Bitcoin starting to rollover?Looks like the trend is starting to reverse? 🔻
Just in time as people are starting to get bullish 😅
Parallel downward channel starting to form? Most recent candle hit resistwnce at top of channel
Curve may see Double-Bottom vs BitcoinCurve has primarily been within a parallel downtrend on its logarithmic chart (3 day chart shown here). It broke above that channel and moved nearly a channels width above it, before breaking back down into the same trend. Often when we see a strong channel breakout that eventually falls back into the channel, crypto charts have a tendency to test a breakout on the opposite end. I've drawn channels of equal length above and below to illustrate this.
I'm expecting there is a decent chance this occurs again here, where we break down below the channel and move nearly a channels width below. This would put us in the same range as Curve's ATL vs. Bitcoin, and could stop there or move closer towards the full length of the channel, to have a slightly lower 2nd bottom on its double-bottom.
This is just an idea based on trends I've noticed in crypto. I didn't look for much confluence - but MACD is trending down and volume is still unusually low.
Should this actually happen, expect a strong move back up from the 2nd low or ATL. Short until then, long when it reaches the green box or near lower channel bottom.
BTC short term (1h candle)We recently broke down from our small ascending triangle (blue lines) and hit the target shortoy after perfectly! (White dotted lines and yellow horizontal)
We then quickly bounced upward to retest the bottom of the triangle, which looked like rejection!
Currently looking at other possible plays. Mainly a upward parallel channel (green lines). As you can see we are reacting nicely to the centre line nicely using it as both support and resistance.
Will keep you updated
S&P 500 Weekly Technical AnalysisES Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Fibonacci Retracement, Pitchfork, Modified Schiff Pitchfork - 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.
BANKNIFTY IS IN CORRECTION SWING The Banknifty Channel Resistance Is From 40040 To 40200 And Support Is 40360. The Banknifty Buffering Is Zone 800 To 1000 Points
EURUSD TripleMonthly Technical AnalysisEURUSD TripleMonthly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Parallel Channels - 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.
Bottom of Parallel Uptrend after Falling Wedge BreakoutLet's see if this idea works out:
FARM has reached the bottom of a parallel channel uptrend after breaking out of a falling wedge. The measured 1.5x target for a breakout at the top of this channel lines up exactly with the 1x measured target for its falling wedge breakout, or around 64 dollars.
Idea invalidated if we lose channel bottom.
BITCOIN close to parallel channel resistance ❌🧨Hello 🐋
we expected the retest of the resistance zone to be completed ✔️
if
the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction, at least to our lower trend line ❌🧨
otherwise
we can see more gain to upper resistance level ✔️🚀
if
breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨
brief amount of green candlesticks to the upside before any other movement is logical 📖💡
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
BTC - 1D - parallels/rising wedge - falling volumenIt’s still the same idea as before, just updated.
It’s a micro rising wedge / right before parallels
Short here - stoploss above yellow
GFC 2.0do not rush, look how precise the price reacted to the mid-line, is that random? sure if you ignore it, we are randomly pulling back to the trendline
BAJAJFINSV RSI BULLISH DIVERGENCE !!!The price near ascending channel support of 1280--1320 and also there is RSI Bullish Divergence on weekly and daily timeframe. We seen a good correction in price an now price forming strong base to go upside. If price respects the channel support than than price can go upside for the targets of 1435--1500-1600 in next trading sessions.
EURGBPWe have a parallel channel in the 4-hour time frame and a flag pattern in the lower time frame, which is currently strongly broken and the flag pattern will be broken soon.
Having said that, we will wait for the euro to gain strength against the pound.
