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Trendcontinuation

SPX Imminent retest of channel support: Rejection from ATHCompare to 6/14 Harami cross. Identical price behavior 8/21-23 c/w 6/12-14 and 8/7-9. Slapped down hard from high channel retest after 8/21 high. All the Doji have been seen- pin bar, shooting stars, Harami crosses, engulfing bears, Red Shooting star today. Perfect setup for lower and soon- imminent. Today I observed a bear flag all afternoon following the sharp intraday correction on 15m charts. Daily chart on 8/23 looks eerily similar to annual chart, past six months! Expect a harder test than last time. Probably at least to 2791 as shown in graph, maybe lower; WS2 at ~2777. Gonna be a choppy week. We have convergence of twin C waves bearing down from 08 Feb and 27 Jun A wave downspikes, rolling together now will bear down hard. Batten down the hatches- good luck! This isn't investement advice and I ain't no advisor. This post for amusement and education only. Enjoy!
SP:SPXShort
by DaddySawbucks
3
ETP trend continuation Wut ? Doc says it's a sleeping giant ;) ETPUSD is bullish and did an instant correction few days ago (or a pump and dump... ? :p ) Anyway, trend is continuing, and it's moving in an upward channel. It's heading to key resistance levels (2.8 and 3USD). We can see that MA90 provides a very strong support. If it holds for some days, we could see a strong up move. BUY : Around 2.5 support, or on MA90 level SELL : Resistance line 2.8 and 3 STOP : MA90 breakdown Cheers cryptoshaggerz ! **NOT TRADING ADVICE** Manage your risks properly, and always trade with money you can afford to lose totally
ELong
by Le_Halimou
6
USD/CAD BEARS Could be in controlUSD/CAD Potential further downside continuation based on the 'trend continuation startegy, which also couples up & coincides with our Bearish analysis based on our trend-following strategy. Our current analysis based on 'trend-continuatuion' shows price currently ranging within an intra-day pattern. There are two potential scenarios here that we will be looking for, either a bullish break impulse move to test the horizontal support level and cluster EMA zone before further selling pressure. Alternatively, if the chart pattern plays out, we expect a downside break to test the horizontal support level. We must factor in the 'high impact' economic news later this week from the US, which will affect the US Dollar - FOMC and Non-farm payrolls. www.intelligenttradingacademy.com
Short
by UnknownUnicorn2262924
1
GBPUSD 1HR - ADVANCED PATTERNS TREND CONTINUATION ANALYSISHi Traders, thought to get this analysis up for those who trade this pair and things we have going on, I have already published the recent 4HR Big Bat Pattern. As price action climbs towards our 88.6% Entry level, we can see some other things forming at the moment. Price action is just sitting at our 1.272 Fib Ext from both the Cypher's X Leg to A leg, and also that psychological price level 1.32000 We can also see a trend continuation trade here as we have created a new structure high, if you follow it down we see NSL New structure low, then a test of that structure, breaking upwards of the NSL Outside return, then a retest creating our Initial Structure High, look left the purple arrow resistance then becomes support. We then break above for another retest, again previous resistance becomes support, and there we have a NSH New Structure high with potential of price action continuing upwards. Trend traders would look for a pull back for the retest looking to enter as previous resistance should become support. If we fall below this retest from the current position where price action is we also have a potential long opportunity for 2 Cypher Patterns. Keeping in mind these 2 patterns are only valid if we do not close above the 1.414 Fib Ext of our Cypher XA Leg - either way if price falls now or continues upwards we have some opportunities. If price action falls below from this current position, closer to our B Legs for the Small Cypher, I will post up the 2 x Cyphers with the Entry and Targets.
by Oztrade
Trend Continuation Pullback Long EntryUSOIL went for a deeper correction and reached 61.80% retracement of its setup bull leg. Bears look very convinced at this point and going lower here could initiate a swing break that would put a lot of pressure on the longterm bull trend. Judging from previous behaviour, market inertia should take hold here and demand should be flowing in anytime. Higher TFs are expected to transition into a trading range and bears might capitulate soon after driving this pair higher. Buying 61.8% retracement with stops below the low of setup leg seems reasonable. However, strict risk & trade management is a necessity as the trade setup is a lower probability better R:R setup that should be approached with caution.
TVC:USOILLong
by Zoen_Trieste
2
$EURUSD Sharp Downward movement TriangleI'm expecting an aggressive short on $EURUSD - Probably within the 4hour timeframe(The triangle forming a squeeze). There's been sharp downward movements in regular predictable intervals as seen in RED Arrows. The Bulls are buying far less aggressively and the trend suggest they are losing steam - GREEN Arrows. I anticipate a sharp downward movement and have opened a trade based on this. The trend could also break upwards, but it should be far less dramatic, in my opinion. Opened a Short Position at 1.16645 and my target is 1.15290 Stoploss 1.1690 All my ideas, I trade before I publish.
by Coinswop
Trend Continuation PlanUSOIL, as stated in earlier ideas, went parabolic these last couple of days. It seems many sellers' stops got caught during this move. However, higher TFs now show a healthy trend continuation patterns evolving. At this point, there was a failure test below previous psychological high and now this market seems ready for a pullback formation before another bullish impulse leg. Anticipated supply zone is around $75.50, pullback long entries waiting around $70.50. The plan is king as long as the price is within the anticipated bounds.
NYMEX:CL1!Long
by Zoen_Trieste
USDJPY 15M DONCHIAN CHANNEL STRATEGYStep #1: Attach the Donchian channel indicator to your chart. Preferred setting 20 periods. For the purpose of this example, we’re going to plot the Donchian channel on the 15-minute time frame. The preferred Donchian channel settings is 20-periods, which means that the channel lines will be calculated based on the price action from the last 5 hour candles Note* The Donchian indicator is a free pre-build technical indicator that comes free with most trading platforms. Step #2: Wait until the price crawls along the upper Donchian Channel. The price should not go below the middle band during this stage. It’s quite easy to visualize the Crawling Along pattern. When the price action touches the upper Donchian channel, and it stays glued to the upper line, we create the price effect where the price looks like it’s crawling along the top Donchian line. If you think in terms of supply and demand, when the price is crawling along the upper Donchian channel, without departing too far away it means there are lots of buyers that try to push the price higher. This eventually will lead to seller capitulating once the breakout happens. Another characteristic of the Crawling pattern is that during this stage, the price shouldn’t go below the middle Donchian band. Note* The closer the price action moves along the upper band, the stronger the trend is. If you spot this type of price action, then you know this day trend has a big potential for following through. Step #3: Buy1 when the price pulls back to the middle Donchian band. Buy2 when the price pulls back to the lower Donchian band. The channel width gives us a measurement of the market volatility. When we have high volatility in the market, this will be shown on the chart by wide channel bands, whereas low volatility will be displayed on the chart by a narrow channel. Like with all technical indicators the Donchian channel can be subject to false signals from whipsaws and sizeable market swings. Breakouts are very hard to trade, and that is the reason why we prefer to enter on pullbacks. We recommend splitting your trade into two parts as this will give you a better average entry price. The first buy order is deployed when the price pulls back to the middle Donchian band, while the second buy order is deployed when the price retraces all the way to the lower Donchian band. Our entry strategy will give us the opportunity to implement a proper risk management This entry strategy is a good way of framing a trade. So, you have a very specific entry point By sticking to this entry rules, you will realize this is not a bad trade to take because you trade in the direction of the prevailing trend Step #4: Hide your protective Stop Loss below the lower Donchian band Your stop loss can be placed below the lower Donchian band. The catch is that you need to move to the left side of the chart and find the first part of the lower Donchian band where it is flat. You’ll find that often times the Donchian channel will plot perfectly flat lines. This can provide us with excellent spots to hide our stop loss. Step #5: Take profit at the end of the day or if you want to ride the trend more take profit when The beauty of the Donchian trading strategy is that you can apply multiple exit strategies so you can maximize your profits. Now, that we know that the supply and demand balance is skewed to the upside, we can expect buyers to step in far quicker on retracements than they have before. This can indicate that we’ll have a buy explosion to the upside. The first proposed exit strategy is to liquidate your position at the end of the day. Since we’re trying to take advantage only of the intraday trends we don’t want to have any overnight exposure. Secondly, you can wait until the price breaks below the most recent flat lower Donchian band. Note** the above was an example of a BUY trade using our Donchian Channel Strategy PDF. Use the same rules for a SELL trade – but in reverse.
Long
by Tradingstrategyguides
1
Likely continuation short term pattern.Low volume, weakness on a key support level, overall market dullness after a downtrend and a huge descending triangle on the daily chart all indicate that we may see Bitcoin drop further in the following days. Although a short term upwards move to 7000-7500$ cannot be ruled out. Best course of action is to wait for a valid breakout in either direction, then trade accordingly. More likely the short scenario will play out: Target 1: 6100$ Target 2: 6000$ Target 3: 5700$ Target 4: 5100$ Target 5: 5000$ Stop-Loss: 6600$ If the long scenario plays out: Target 1: 6750$ Target 2: 7000$ Target 3: 7500$ Stop-Loss: 6300$ Risk safely, be patient, be brave and may God be with you!
BITFINEX:BTCUSDShort
by g0dfath3r
2618 Sell Pattern USOILUSOIL is seemingly done painting a pullback pattern. It reached 0.618 retracement level of previous bear leg, as well the 0.236 fib extension is pointing to the same level. If this market continues with the recent downtrend, these two levels should attract supply and a break to previous lows can potentially occur. The inside fork's MLH on bear impulse move pivots ABC is also anticipated to attract supply around these levels. This is a pullback trend continuation play with a decent R:R but lower probability. Worth the risk as per me.
TVC:USOILShort
by Zoen_Trieste
7