Channel bottom Support Taken...Important to Close above 40.84
on Monthly Basis for further
Upside.
Channel top is around 44 - 45
Channelbounce
EURNZD I Potential long from support Welcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
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EURUSD SHORT OVERVIEWWe are looking at a conflunce of Events at area marked A:
1. EMA channel still holding Trend
2.Trendline Bounce
3. Support Turned to Resistance
4. Whole Number
5. And possible Dumping/Stop hunts earlier in the week when price moved fast to that zone stopping al those who took Short position early.
GBP/USD 3rd Channel Hit?Will Price hit the resistance level on the descending channel a 3rd time & breakthrough for a possible uptrend? or will price bounce off the channel resistance and continue in the descending channel for a bounce down for the 3rd time? what are your ideas?
How To Use The Trading View Parallel ChannelsHey wits, it's currently 1am and I thought why not drop some tutorials cos' it's Saturday. Most aren't familiar with the trading view tools. So, we're here to help.
Watch the clip to get started with the trading view parallel channels.
Leave a comment and smash the like button if you found this helpful.
Netflix (NFLX) Channel MovementNetflix has been moving in a channel lately. It has hit the bottom of the channel and is expected to move back towards the top again giving a long opportunity.
SPY 15 Minute Possible Upward ChannelSeeing this strong upward channel on the 15 minute chart. I think if it holds at the lower support she'll bounce to 394. Please comment and let me know what you guys think and if ya agree or disagree. I want to see what other people might be seeing as well. Good luck out there my fellow traders!
Nymex Futures Long CL1!Wait for the pullback down to the orange box for a long entry
The support shown has confluence with the 100EMA, .618 Fib pull
from the last swing high and the bottom of a respected channel .
Expecting a bounce in the area shown but please be aware of
the numbers due today and tommorow .
The American petroleum Institute on crude oil stock levels
as well as official numbers from the Department of energy on the 17March.
Set a Alert for this trade and watch how the market reacts to the data with a solid plan .
Show your support with a Like and a Follow .
A DASH to 33% profit in 33 hours?DASH has taken off these last few days with huge fluctuations of 30%+. It's currently headed for support level, hopefully followed by another huge rebound, all in the next day or so. What do you think? Will it bounce or drop under support level?
It could drop even faster and farther in the next 6 hours down to $230 or below. And it could rise a good bit further as the first high did. I think setting buy and sell targets at $235 and $315 is pretty safe if it does bounce though. Interested to hear thoughts and comments.
Dip Buying QNT!My Fellow Crypto Traders,
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Cheers & Happy Trading!
USDCAD 4-Hour Ascending Channel USDCAD is in an ascending channel right now on the 4 hour time frame with price looking to test and bounce bullish, or break the channel bearish and fall to support.
IRIS/BTC - falling wedge right on previous channel topIRIS/BTC got listed on Binance a few days ago, formed a falling wedge since then and looks ready for a bounce.
The wedge ends right on the top of the previous uptrend channel which also has additional support from the 45m and 1hr 200 MA.
Order books are thin as paper so I expect a bullish breakout soon.
Buy zone: 490-540 sats
Depending on your risk management you might want to wait for a breakout before entering.
Best of luck and let me know what you think!
Historically Channeling Stock - Buying the BottomSimple but effective: to add to the general idea of buying a stock that's in the extreme range of a channel, this stock is continuously ranging within channels for the last bazillion years. Since we're nearing a bottom and the stock is in a general uptrend anyway, that compiles to three solid reasons to consider going long on this stock.
Reasons to buy at current price:
- Buy near the bottom
- Buy on the uptrend
- Buy the confirmation of historically validated plays
Potential objections:
- US Market is overextended
- Channel is not consistent enough
- Previous data is scarcely relevant as market conditions were different
- Not analyzing this stock fundamentally at all, adding uncertainty and thus risk
My verdict:
- I will still go long on this stock, but not with an unusually large position size. Just scraping off of a pattern with the idea of having an edge on the market.
Happy trading!
EURGBPChannel respected, or not - we will see.
The down move was a zigzag, with the triangle in wave B.
To confirm the upside - need an impulse up, overlapping wave A extreme of the zigzag, and a correction. Lower boundary of a channel should act as support.
PS. Channeling techniques for Elliott waves have some specifics. If we draw a channel to project wave4 of the impulse (like shown on the chart), it has not to stand and may be broken. Nevertheless, it has its support/resistance power.
If broken but by the wave 4 - when price returns to the channel, it speeds up to complete the fifth wave
USDCHF POTENTIAL SHORTUSDCHF IS CURRENTLY TRADING IN A CHANNEL WHICH CROSSES INTO ONE OF MY VERY WELL RESPECTED MAJOR SUPPLY AND DEMAND ZONES, THE TRADE IDEA ITSELF SHOULD BE A SMALLER TIMESCALE TRADE TO NORMAL (WITHIN A WEEK) HENCE WHY I WILL BE LOOKING FOR PRICE ACTION CONFIRMATION ON TIMESCALES RANGING FROM 1-4HR AS ON THIS TIME FRAME THE PRICE DOESN'T ALWAYS STICK AROUND FOR A WHILE AND THE MOVE COULD BE SHARP. LETS SEE HOW THIS PLAYS OUT.
SPX Finding Support at upper channel boundary; retest ATH?Getting higher lows and support inside the narrow wedge channel at and above 3095. This can break anytime, but it looks and feels like we could get a retest of ATH price at top of channel before it rolls over, to give a double top. RSI and volume diverge but often get the retest on low volume and relatively weak price action.
Hanging on to my seat atm, watch, wait!
Fridays have been bullish for months...! We do have a gap down to fill, these seem to be governed by an 'invisible hand' that requires fillage!
This isn't advice; just a probably useless speculative observation. FGS be carefull out there, trade at your own risk!! GLTA!!!
Blizzard Made the Right DecisionDespite whether you disagree with their censorship, this is the right "business" decision. Maybe it isn't ethical, but it is beneficial to maintain their relationship with China. Plus the controversy will act as publicity for the company. Oh well, as always, trade at your own risk.
GBPJPY Mark UpI see price is approaching a new level, but let's see what happen. Top levels been engulfed, but I keep 'em up for reference.
