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Chart patterns

DXY 1Day ELLIOTT WAVE PATTERNS Extension Pattern : By definition an extension occurs in an impulsive wave, where waves 1, 3 or 5 can be extended, being much longer than the other waves. It is quite common that one of these waves will extend, which is normally the third wave. The two other waves then tend to equal each other. In our pattern definitions we call it an Extension1 if the first wave extends, an Extension3 if the 3rd wave extends and an Extension5 if the 5th wave extends.
TVC:DXY
by ElliottWavePatterns
1
$ASTI Price Targets PTs .30-1-2.50Ascent Solar Technologies , Inc. designs, manufactures, and sells photovoltaic ( PV ) integrated consumer electronics and portable power applications for commercial and military users. It offers outdoor solar chargers, such as XD-12 and XD-48 for the individual soldier and platoon power needs; high-voltage SuperLight thin-film CIGS PV blankets; and solar modules. The company markets and sells its products through distributors, value added resellers, and e-commerce companies. Ascent Solar Technologies , Inc. was founded in 2005 and is headquartered in Thornton, Colorado.
CSE:ASTILong
by BADQOMOCAWGOWLD
1
GBPUSD: Is TIME to COLLAPSE? Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : GBP/USD ⚪ Technical Analysis : In the weekly time frame, since March 2020, the price has been moving following a strong uptrend, bouncing many times on its dynamic support line. It has currently reached an interesting S/R area. In the daily time frame, since the end of May 2020, the price has been moving following a clear ascending channel, getting more strenght in November 2020. It's currently following a secondary channel. In the h4 time frame, the price is following a strong trendline, creating a possible triangle pattern. It got few rejections on the resistance zone at about 1.3700 and is now approaching to retest the same zone. 🔴 Conclusion : The price is still in a strong up trend but not able to break through the main resistance zone, a strong weekly level that rejected the price many times in the past. I'm confident to see the price collapsing down, breaking through its trendline and reaching its next support zone at about 1.34500. I'll be waiting a possible breakout of its trendline before to plan any short position. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
21
GBPCHF: Is the Price BREAKING its TRENDLINE? Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : GBP/CHF ⚪ Technical Analysis : In the weekly time frame, since March 2020, the price has been following a clear side trend, reaching many times its support and resistance level. It has currently reached a strong resistance zone at about 1.21281 and there is a possibility of market reversal. In the daily time frame, at the beginning of December 2020, the price got a strong positive impulse, moving up reaching the main weekly resistance level. It is currently retesting its dynamic support. In the h4 time frame, the price is clearly following a strong uptrend, bouncing many times on its dynamic support. It got few rejections on the resistance zone at about 1.21500 and it's now retesting the dynamic support of its trendline. The next price action around that level will be essential to understand the next market movement. 🔴 Conclusion : The price has just reached an important weekly resistance zone that rejected the price many times and we can definiltely see that it is losing strenght to grow. I'm confident to see the price breaking its dynamic support line and falling down until the next support zone at about 1.19250. I'll start planning my short trade only once the price will break and retest the dynamic S/R level. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
8
EURNZD: Is the DOUBLE BOTTOM starting a NEW TREND? Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/NZD ⚪ Technical Analysis : In the weekly chart, since March 2019, the price has been following an interesting uptrend, bouncing on it in January 2020 and November 2020. Few weeks ago the price broke the main trendline and it will probably pullback on that during the next weeks. In the daily chart, since the beginning of June 2020, the price has been following a new downtrend, getting few rejections on its secondary trendline. On the 5th of January the price broke the dynamic support and it's now approaching to retest it. In the H4 time frame, we can properly see how the price broke its previous descending channel, getting an interesting rejection on the support level at 1.68228, creating a possible double bottom pattern. The price actually reached its next S/R zone at about 1.70000 and the next price action around this zone will be essential to understand the next market movement. 🔴 Conclusion : ✔️ I believe this is an interesting situation and we could absolutely catch a trade position whenever we will confirm the validity of the double bottom pattern. I'm confident to see the price reaching and retesting the main weekly trendline and I'll be waiting a proper breakout of the level 1.70000 before planning any long position. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! Please note the views are not investment advice and should be used only for educational purposes Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
12
AUDCHF: Is the price breaking through its MAIN CHANNEL?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : AUD/CHF ⚪ Technical Analysis : In the weekly time frame, since March 2020, the price has been following a strong uptrend, bouncing for the first time on its dynamic support at the beginning of November 2020. It has currently reached an important and strong S/R zone at about 0.68384, level that rejected the price many times in the past. In the daily time frame, at the beginning of December 2020, a strong positive impulse moved the price up until the resistance zone at about 0.68911, getting a rejection once it reached that level. In the h4 time frame, the price is clearly following an ascending channel, few days ago it reached and bounced on its dynamic resistance and now is approaching to retest its dynamic support. The next price action will be essential to understand the next market movement. 🔴 Conclusion : I think the price reached a really interesting area and I'm confident to see it falling down, breaking through its dynamic support level, trying to reach the main weekly trendline and eventually the main weekly S/R zone. I'll be waiting the breakout of the level 0.68265 before planning any short position. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
12
AUDCAD: Don't miss this SHORT OPPORTUNITY!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : AUD/CAD ⚪ Technical Analysis : In the weekly time frame, since March 2020, the price has been following a strong uptrend, bouncing for the first time on its dynamic trendline during the month of October 2020. It has currently reached an interesting resistance zone and there is a possibility of a trend correction until the main trendline. In the daily time frame, at the beginning of October, the price got a strong positive impulse, getting a clear rejection on the resistance level at about 0.99000. It's currently moving with a bearish movement, as a possible correction of the previous uptrend. In the h4 time frame, after few attempts to break the main resistance area, the price collapsed down creating a falling wedge pattern. 🔴 Conclusion : The price is clearly moving inside the falling wedge pattern and I'm confident to see it breaking through its dynamic support level until the next support area at about 0.97212. That's absolutely an interesting zone because is close to the main weekly trendline and in a short future we could see a new market reversal. I've currently got a short position on this trade and I'll be waiting the breakout of the pattern to plan my second short trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
14
AUDJPY: The END of the Ascending Channel is CLOSEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : AUD/JPY ⚪ Technical Analysis : In the weekly time frame, since the end of March 2020, the price has been moving following a strong uptrend, boucing in November 2020 on its dynamic trendline. It has currently reached an important support zone and there is a possibility of a trend correction. In the daily time frame, the price is still moving with a strong uptrend and just few days ago it reached and got a rejection on the resistance level at about 80.646. In the h4 time frame, the price got a double rejection on the support zone at about 81.000 and it's currently very close to its dynamic support line of the ascending channel. The next price action around this zone will be essential to understand the next market movement and if eventually it will be able to break through its channel. 🔴 Conclusion : The possible double top created around the support zone at about 81.000 could be an interesting sign of market reversal. I'm confident to see the price getting a small trend correction before retesting and eventually breaking through its dynamic support line of its ascending channel. I'll plan my next short trade once the price will break and pullback on the channel's S/R level and my target would be on the main support around the level 78.500. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
6
AUDNZD: an UPCOMING market REVERSALHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : AUD/NZD ⚪ Technical Analysis : In the weekly time frame, since March 2020, the price has been following an uptrend, bouncing for the first time on its dynamic support in November 2020. It's currently in a bullish trend and reached an important support zone. In the daily time frame, the price is still moving in a clear uptrend since it got a strong impulse on the main trendline. In the h4 time frame, the price is moving with a strong uptrend, breaking through a daily resistance zone at about 1.07279 and it's currently trying to reach the next main resistance at about 1.08500 🔴 Conclusion : I think this pair is going to get an upcoming interesting situation, less than 40 pips to reach an important resistance zone and a high possibility to see a market reversal. I'm confident to see the price collapsing as soon as it will reach the resistance zone, planning my short trade once I'll get a proper rejection. My target would be the support zone at about 1.07276, matching with the .50% of Fibonacci retracement. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
6
AUDUSD: This DOUBLE TOP is going to REVERSE the Market!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : AUD/USD ⚪ Technical Analysis : In the weekly time frame, since the end of March 2020, the price has been following a nice uptrend, getting its first bounce just in November 2020. The price has actually reached a strong support zone and there is a possibility of a trend correction. In the daily time frame the price is still following a clear uptrend, started at the beginning of November 2020 after it got its first rejection on the main trendline, and it's currently reached a daily support zone at about 0.76500. In the h4 time frame the price got a double rejection on the support zone at about 0.78000, breaking through the ascending channel and reaching its dynamic support line. The next price action will be essential to understand the next market movement! 🔴 Conclusion : The price has been following a long uptrend since many days ago, and now it's reached an interesting support zone that rejected the price several times in the past. I can see a possible double top pattern, usually a reversal pattern and I'm confident to see the price falling down until the next support zone at about 0.75000 I'll plan my short trade once the price will break the current support zone. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
4
EURGBP: Be Aware on this HISTORICAL SUPPORT ZONE!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/GBP ⚪ Technical Analysis : In the weekly chart, since June 2020, the price got many rejections on the strong support level at about 0.88690, failing any attempt to break it. During the current session the price reached one more time the same level and it will probably get a new rejection. In the daily time frame, the price got a strong impulse on the 7th of January, heavily falling down for about 200 pips, reaching the weekly support zone. In the h4 time frame the price seems is creating a falling wedge pattern, it reached its dynamic support zone and at the same time the weekly support area. The price is actually giving us a growth signal. 🔴 Conclusion : I think the price is currently in an interesting situation, it reached an important area that reversed the market many times in the past, so I'm confident to see the price breaking the pattern and reach the next resistance zone (also my current target) at about 0.90000. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
10
EURUSD: a Great SHORT opportunity on this PULLBACK!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/USD ⚪ Technical Analysis : In the weekly chart, since March 2020, the price has been following a strong trendline, getting its first rejection at the beginning of November and it's now approaching to reach one more time the same dynamic level. In the daily chart, since the beginning of November 2020, the price has been moving with a clear uptrend after it got a strong impulse once it reached the dynamic trendline. Since the 7th of January 2020 the price has been following a new downtrend correction and it actually reached a daily S/R zone at about 1.20624. In the h4 chart, we can see the price falling down creating an interesting falling wedge pattern (many rejections on its dynamic S/R line are an extra confirmation about the validity of that pattern). On the 15th of January the price finally broke the pattern, it reached the S/R zone at 1.20644 and the next price action around that level will be essential to understand the next market movement. 🔴 Conclusion : ✔️ This pair is absolutely in an interesting period, I'll be waiting for the price retesting the falling wedge dynamic resistance and eventually pullback on it. I'm so confident to see the price falling down trying to reach the main weekly trendline with a possible market reversal. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! Please note the views are not investment advice and should be used only for educational purposes Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
6
EURCHF: The last SHORT Trade before a MARKET REVERSAL!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/CHF ⚪ Technical Analysis : In the weekly chart, since the beginning of May 2020, the price has been following a strong uptrend, getting many rejections on the resistance area at about 1.08690 and bouncing on the dynamic weekly trendline, creating a clear ascending triangle pattern. The price is actually following a downtrend with a nice chance to reach one more time the main trendline. In the daily chart, once the price reached and got a rejection on the main resistance, a strong impulse moved the price down, breaking through the daily S/R level at about 1.07820 and continuing on the same trend without any hesitation. In the h4 perspective the price is actually following an interesting descending channel, bouncing perfectly on the S/R level of its channel, that confirms the validity of that pattern. 🔴 Conclusion : ✔️ I believe that the EURCHF is actually in an interesting situation and I'm confident to see the price falling down until the level at about 1.07326 that is the weekly trendline, be aware on that level because there is an high probability of market reversal! I'll be waiting for a retest of the level 1.07800 before planning any short position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! Please note the views are not investment advice and should be used only for educational purposes Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
6
EURCAD: Will the price COLLAPSE on this PULLBACK?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/CAD ⚪ Technical Analysis : In the weekly perspective, since March 2020, the price has been moving creating a nice ascending channel, getting many rejections on the resistance zone at about 1.57953 and bouncing on the dynamic support on the main trendline. In the daily chart, since May 2020, the price has been following the main weekly trendline and only few days ago it broke that for the first time. In the h4 chart, since the end of December, after a clear rejection on the main resistance level, a strong impulse moved the price down starting a falling wedge pattern, breaking it on the 13th of January. (Many rejections on the dynamic S/R Level are an extra confirmation of the validity of that pattern). During the last session the price reached the same level and the next price action around this zone will be essential to understand the next market movement. 🔴 Conclusion : ✔️ The price broke an important weekly trendline and it's actually pullback on the dynamic S/R level of the falling wedge. I'm confident to see the price falling down trying to reach the next secondary trendline and my next target would be the level at 1.52805. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! Please note the views are not investment advice and should be used only for educational purposes Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
6
EURAUD: The price is still moving inside the DESCENDING CHANNEL!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/AUD ⚪ Technical Analysis : In the weekly chart, since July 2012, the price has been moving following a strong trendline, bouncing again in February 2017 and it's now approaching to retest the same dynamic trendline. In the daily perspective, at the end of December, the price got few rejections on the resistance level at about 1.61683, and a strong impulse moved the price down. In the h4 chart we can properly see how the price is following a clear descending channel, bouncing up and down on its dynamic S/R levels. During the last session the price closed with a down pin bar just around the dynamic resistance of the channel, it could be a clear sign of a trend continuation. The next price action will be essential to confirm our pattern and the next market movement. 🔴 Conclusion : ✔️ The price is absolutely in an interesting area and I'm really confident to see it moving with a bearish movement trying to reach the next dynamic support of the channel and eventually the main weekly trendline. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! Please note the views are not investment advice and should be used only for educational purposes Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
11
Chainlink : Great example of a Bull Pennant PatternHello traders! Just a quick analysis and a bit of educational information on LINK (Chainlink). The weekly chart is looking quite strong and with many altcoins including Ethereum showing strong uptrends we are definately in the correct enviroment for this type of chart pattern to have a high probability of playing out. Bull Pennants are a little different to Bull Flags but are almost identical in appearance and are traded basically the same. The most important factor in identifying any flag or pennant pattern is the clear "staff" or "flagpole"; there should be a straight run upwards leading up to the pattern or it is not a valid pattern. After the straight run upward price starts to Zig Zag between two converging trendlines forming a tight wedge (it can be slanted, or even symmetrical) until the price "breaks out" above the upper trendline signifying a possible continuation in trend upwards. Bull Flags and Bull Pennants have the highest success rate out of any pattern and work extremely well when paired with long term support & resistance areas. Enter at the invalidation point of the pattern (A), second entry on the bullish retest (B). Pennants that are “tighter” have higher success rates, look for patterns forming on top of long term resistances (not below) to increase probability of success also. Pattern height is measured and added to swing low before breakout for possible target. Sometimes large size traders can generate liquidity by faking out under the pattern support as we can see on this current example with ADA. The liqudity generated by triggering stop losses underneath the pattern can fill large position sizes for whales and is a good indicator for a long once the price confirms support back inside the pennant . Some key points: • PRICE MUST MOVE STRAIGHT UPBEFOREHAND • MIN 2 Touches each side on almost symmetrical looking wedge • HIGH SUCCESS RATE • BEST ENTRY IS often when price fakes out under support • Pattern height is measured and added to swing low before breakout for possible target Chainlink (LINK) is an Ethereum-based token powering the network of decentralized oracles. The Chainlink network allows uploading information to the blockchain from any third-party services. It ensures the functioning of smart contracts that rely on external data. It is looking to have a strong year in 2021 along with other defi related projects, many are currently bottoming out. Dont forget to hit like & leave your comments if you like the idea thank you traders!
Long
by Worth_The_Ri5k
12
USDCHF: A possible HEAD and SHOULDERS is Inverting the market!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : USD/CHF ⚪ Technical Analysis : In the weekly chart, since March 2020, the price has been moving with a clear downtrend, following and creating an interesting falling wedge pattern. At the end of December the price bounced and got a clear rejection on the dynamic support level of that pattern and it's now moving up trying to reach the next dynamic level. In the daily perspective, after a period of consolidation started in July 2020 and ended at the end of November, the price got a strong bearish impulse, bouncing on the dynamic support of the falling wedge. Since that moment the price got a new strong positive impulse. In the h4 chart the price got many rejections on the S/R level at about 0.89120, that's a sign of strong area, but at the same time, the price seems is creating a nice inverted head and shoulders pattern. The next price action around this zone will be essential to understand the next market movement and the validity of that pattern. 🔴 Conclusion : ✔️ The price is absolutely in an interesting situation, I'm so confident to see the price breaks the resistance level, reaching the next strong weekly resistance. This pair is definitely in my watchlist and I'd highly suggest you to wait for an extra confirmation before opening any long position. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
12