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Parallelchannels

AUDUSD | MT Long H4 | Middle of Parallel ChannelPair: FX:AUDUSD Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames - Price action is now at the middle of a parallel channel - Price is at 61.8% Fib Extension Level - Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand zone. Fundamental Confluences for Trade: - Higher commodity prices is a positive for Australia economy - Further war escalation from the Israel-Iran tension may bring on risk-off moves and affect this trade Suggested Trade: Entry @ Area of Interest 0.6390 - 0.6415 SL @ 0.6351 TP 1 @ 0.6448 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.6516 Risk-to-Reward @ Approx. 2.09 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
Long
by weekendanalyst
BTCUSD | MT Long H4 | Continuing The Run-Up?Pair: HTX:BTCUSDT Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1 and H1 time-frames - Price action may face resistances from being at the bottom of a parallel channel, there is a support trendline going through and there is a demand zone area as shown with the horizontal trendline - Price is close to 32.8% Fib retracement Level - Targeting to trade this position between the Supply-Demand zones as shown with the Horizontal Trendlines Fundamental Confluences for Trade: - Market stabilization from geopolitcal risks and US's strong economic data is happening and may bring back risk appetite - Fiscal dominance concern on the USD may see people try to buy BTC as a store of value (IMO, still not a store of value but as long as the market feels so, I'll go with it first) - Further war escalation from the Israel-Iran tension may bring on risk-off moves and see the BTC fall Suggested Trade: Entry @ Area of Interest 61,500 - 63,500 SL @ 59,843 TP 1 @ 62,648 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 68,838 Risk-to-Reward @ Approx. 2.20 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
BINANCE:BTCUSDLong
by weekendanalyst
🚧ETCUSDT is Bullish now🚧 & many Traders don't see it 👀!!!➡️Ethereum Classic has been consolidating for a long period, indicating a major bullish price move is forthcoming. Now price printing higher lows in a bullish pattern that is expected to reach $40 once the consolidation range breaks out. 🤑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
HBAR to Repeat its Prior Move?This is a simple theory that COINBASE:HBARUSD can be divided into two parallel uptrends on the weekly: one that acts as support another that acts as resistance When it first broke out of parallel support, it made a 2.5x measured move up, and then dropped back down near the 1.5x measurement, forming what would become parallel resistance after making a higher set of highs, dropping back down to 1.5x, and then losing it to fall back into parallel support. After falling into parallel support, it tested the top of it and failed to move above, causing it to drop down to the bottom. When it did this it moved below support's bottom, but when it failed to remain below, it saw a strong and fast move back to the top of parallel support for another attempt to move above. This also failed, leading to a move back down towards the bottom. Now that it has made 3 attempts at bottom, each attempt weaker than the previous, it should be ready for a 3rd attempt at the top of parallel support. I expect it will break above it, as it has already failed to break below. TP 1 and 2 are likely targets if it does this, but we could also see a repeat of its prior move sending COINBASE:HBARUSD back into and towards the top of its parallel resistance. An example of how they are similar:
CRYPTO:HBARUSDLong
by dudebruhwhoa
6
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