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Parallel Channel

ARB/USDT 15m / D BB & FVG / ELLIOT / LIQUIDATIONS / FIBOAccording to higher timeframes, the market sentiment is bullish. We are moving within an ascending channel with the potential to rise to 0.7416. To increase the probability of this outcome, the price needs to establish itself above the ascending channel. Locally, within the range of the daily breaker block (D BB) and the daily imbalance (D FVG), three potential entry points are visible: 1. Liquidity grab (Sellside liquidity) 2. 0.5 Fibo 3. 0.618 Fibo / bottom of the ascending channel 4. The target is the local high, which is at the midline of the channel. Locally, based on the EFIATR oscillator, volume, and liquidation levels, there is a likelihood of growth. According to Elliott Wave theory, a 5-wave pattern and an ABC correction in the 4th wave are visible, which further increases the probability of upward movement.
Long
by WoWAcEDuDe
3
EurUsd → so bullishhello guys. let's dive into eurusd Breaking the Channel: The price has broken out of a previous channel, which suggests a potential bullish momentum continuation. This breakout is marked as a significant event that has shifted the trend. The Last High Broken: The chart indicates that the last significant high around the $1.1169 level was broken. This breakout above the previous high is a strong bullish signal, suggesting further upward potential. Internal Trendline: There’s an internal trendline within the broader trend that could act as support if the price pulls back. The price might retest this trendline before moving higher. Potential Bullish Move: After breaking the last high, the price may retrace slightly to retest the breakout level or the internal trendline, before continuing its upward move. The next potential target appears to be in the region of $1.1300, where the price may find the next significant resistance. Current Price Action: The price is currently hovering around $1.1166, slightly above the previous resistance, which now acts as support. This area will be critical in determining if the price continues its bullish trajectory or pulls back for a deeper retest. This analysis underscores a bullish outlook for the EUR/USD pair, emphasizing the importance of the broken resistance level and the potential for further gains if the trend continues. Traders should watch for a retest of the breakout level to confirm the strength of the move. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
1
NZDUSD → Attempt to change the trend amid falling dollarFX:NZDUSD is strengthening from the opening session amid the dollar's return to southward movement. Traders are intensifying USD sell-offs amid expectations of interest rate cuts... Despite the New Zealand Central Bank's interest rate cut, the USD sell-off is more active on the currency pair. The dollar is forming a retest of support, which increases the chances of further decline in the price amid strong sell-offs. The currency pair is testing the resistance at 0.6083, but at the moment there is a high probability of correction to the imbalance zone. The reason is that we approached the zone too quickly, we need to accumulate the pre-breakout potential. But, if the bulls manage to consolidate above the resistance, then the market will move to the realization phase after the trend line breakout. Resistance levels: 0.60828, 0.61475 Support levels: 0.6036 Fundamentally, the environment points to the continuation of growth. Technically, the bulls will have to pass through the trigger at 0.60828 to start the realization phase. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDUSD ;) Regards R. Linda!
Long
by RLinda
2
EURUSD → ATH update, false breakdown, but there are nuances...FX:EURUSD continues to strengthen, updating the December 2023 ATH and forming a false breakout that could form a small correction before a possible rise. . The key level is 1.1123, as well as the high of 1.1173. The struggle for the lower level continues, bears are not letting the price up, expecting to capitalize on the correction before the news. The focus is on Powell's speech, which will take place at 14:00 GMT. His tone, prerequisites and comments could set a strong medium-term backdrop for the markets. Technically, 1.1075 has formed a pool of liquidity that could be of interest to MM. But we need to watch price behavior, a small correction and a retest of resistance or consolidation near the level will be a good signal that the bulls are ready to go higher. Resistance levels: 1.1123, 1.1173 Support levels: 1.1047, 1.1009 The price is currently in the consolidation phase. The correction may start, but if the price turns to retest 1.1123, it is worth considering a breakout strategy and further growth. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Long
by RLinda
4
$140K USD for Bitcoin in 2025!!! It appears as though Bitcoin is trading in a descending channel, with a potential breakout happen in the near term. BTC has tested the downward sloping resistance of a descending channel pattern multiple times, each time BTC is creating a lower high & a lower low, which is inherently bearish. The williams alligator is also displaying a bullish cross & the bands are widening in an upward direction, which is a bullish indicator. Bullish cross on the KST as well. I have placed upward arrows at each bullish cross in the recent past showing a direct correlation to upward price swings.
COINBASE:BTCUSD
by satoshi123
XAU/USD Strategy: Pattern Recognition and Trade ExecutionComprehensive Market Breakdown for XAU/USD (Gold Spot) Based on Multi-Time Frame Analysis Overview: The analysis of XAU/USD across multiple time frames (15-minute, 30-minute, 1-hour, and 4-hour) indicates a complex market structure with both bullish and bearish signals. This detailed breakdown will provide insights into the current market conditions, key patterns to watch, potential trading strategies, and risk management considerations. 1. 15-Minute Time Frame: Symmetrical Triangle Pattern Pattern Details: Symmetrical Triangle: This pattern is characterized by converging trend lines connecting lower highs and higher lows, indicating indecision in the market. Apex Proximity: The price is nearing the apex of the triangle, suggesting a potential breakout is imminent. Implications: Neutral Bias: The symmetrical triangle does not inherently suggest a bullish or bearish bias but indicates a potential breakout in either direction depending on market sentiment. Volume Confirmation: A breakout with a significant surge in volume will confirm the direction of the move. Trading Strategy: Bullish Breakout: If the price breaks above the upper trendline with strong volume, consider entering long positions targeting previous resistance levels. Bearish Breakout: Conversely, if the price breaks below the lower trendline with increased volume, consider short positions targeting previous support levels. Stop-Loss Placement: Place stops just outside the opposite side of the breakout point to mitigate risks from false breakouts. 2. 30-Minute Time Frame: Mixed Channels (Descending and Ascending) Patterns Observed: Descending Channels: Suggest bearish continuation if in a downtrend or a potential reversal if broken to the upside. Ascending Channels: Suggest bullish continuation if in an uptrend but signal a potential reversal if broken to the downside. Market Implications: Corrective Phase: The presence of both descending and ascending channels indicates the market is in a corrective phase, oscillating between support and resistance levels. Range-Bound Trading: Until a significant breakout occurs, the market is likely to remain range-bound. Trading Strategy: Range Trading: Consider buying at the lower boundaries of the channels and selling at the upper boundaries. Breakout Preparation: Prepare for a potential breakout by setting alerts around key levels (upper and lower boundaries of the channels). Stop-Loss Placement: Place stops just outside the channels to protect against unexpected breakouts. 3. 1-Hour Time Frame: Rising Wedge Pattern Pattern Details: Rising Wedge: This pattern is characterized by higher highs and higher lows within a narrowing upward slope, typically a bearish reversal pattern. Implications: Bearish Reversal: The rising wedge suggests that upward momentum is weakening, and a potential breakdown could follow. Reversal Zone: The price is near the upper boundary of the wedge, which may serve as a reversal zone, especially if a breakout to the downside occurs on high volume. Trading Strategy: Short Entry on Breakdown: Enter short positions if the price breaks below the lower trendline of the wedge with confirming volume. Target Levels: Target the lower boundary of the larger ascending channel or previous support levels as take-profit points. Stop-Loss Placement: Set stops above the most recent high within the wedge to protect against false breakouts. 4. 4-Hour Time Frame: Broader Rising Channel and Nested Patterns Patterns Observed: Broad Rising Channel: Indicates a larger uptrend is intact, providing a bullish bias. Nested Descending Channels: Smaller corrective patterns within the broader uptrend suggest temporary pauses or consolidation phases before potential continuation moves. Key Levels to Watch: Resistance at 2,540: A break above this level would suggest a bullish continuation and potential for new highs. Support at 2,470: A break below this level would indicate a significant shift in market sentiment towards bearishness. Market Implications: Potential Continuation or Reversal: The larger rising channel gives more weight to potential continuation moves, but the presence of smaller corrective patterns within suggests caution. Echo Phase: The nested descending channel could represent an echo phase, a corrective move within the larger uptrend. Trading Strategy: Long Positions on Break Above 2,540: Enter long positions if the price breaks above this resistance level with confirming volume. Short Positions on Break Below 2,470: Consider short positions if the price breaks below this support level with increased volume. Volume Confirmation: Ensure any breakout is confirmed with a surge in volume to avoid false signals. Risk Management: Use wider stops given the higher time frame context to avoid being stopped out by market noise. 5. Synthesis of Multi-Time Frame Analysis: Confluence of Patterns: The alignment of rising wedges, symmetrical triangles, and mixed channels across multiple time frames suggests a market at a critical juncture. The presence of both bullish and bearish signals indicates that the market is poised for a decisive move. Key Takeaways for Traders: Patience and Discipline: Wait for confirmed breakouts with volume before entering trades. Do not rush into trades without sufficient confirmation. Adaptability: Be prepared to adapt strategies based on the direction of the breakout or breakdown. Use alerts and monitor key levels closely. Focus on Higher Time Frame Signals: Higher time frame signals carry more weight and should be given priority when making trading decisions. Risk Management: Employ tight stops and carefully manage position sizes to limit exposure in case of adverse market movements. 6. Final Recommendations: Potential Bullish Scenario: Watch for a break above 2,540 on strong volume across multiple time frames. A confirmed breakout could lead to a bullish continuation towards new highs. Potential Bearish Scenario: Monitor for a breakdown below 2,470, especially if supported by a break of the rising wedge and descending channel patterns. A breakdown here would signal a shift to a bearish trend. By combining these insights with real-time monitoring of market conditions, traders can enhance their decision-making process and capitalize on high-probability trade setups in the XAU/USD market.
OANDA:XAUUSDEducation
by Adlercon333
3
NAS100 D Buy Idea 7/23/24Price has bounced bullish off a weekly bullish channel with a morning star. Looking for price to break previous daily highs around 19,996.6 for the continuation to the upside. BUT, price is hovering very strongly around a Yearly -27 FIB level from 1/1/18-1/1/21. SO, price could very well be making a daily head and shoulders to continue bearish down to previous daily highs of 18.897.4. SO we shall have to wait patiently and see what price wants to do!! **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
OANDA:NAS100USDLong
by cecedidit
1
SOL → Accumulation in the bullish trend continues ↑BINANCE:SOLUSDT after the shakeout relative to resistance and triangle support continues to consolidate again on the background of the bullish trend. The priority of the figure is the continuation of the current trend. The strong fall due to fundamental reasons: the US unemployment rate, profit-taking and panic are quickly bought back, bringing the coin back into the range, which in general hints us at a strong bullish component of the market. After a retest of 162.45 resistance, a correction is forming, 0.5 fibo may be tested, or trend support before further upside. Emphasis on triangle resistance, a retest or pre-breakout consolidation may be formed before a breakout. Support levels: 141.2, 136.7, 126.4 Resistance levels: 162.45, 188.32 Fundamentally, the menet has a good potential. Technically, the price is in a sideways movement, but against the background of a global bullish trend. After consolidation, a distribution is formed and our task is to understand in time when this distribution can start... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SOLUSDT ;) Regards R. Linda!
Long
by RLinda
9
[WARNING] Last chance to buy Bitcoin.Hello, I've written this post to share my perspective on Bitcoin.😊 My analytical tool is the "Elliott Wave" Using the trading view, I will analyze Bitcoin Chart. ———————————— ▼ BTCUSDT.P | 1D | Logarthmic The chart above represents the direction I consider for Bitcoin. The chart shows the start of the second zigzag after the first zigzag has completed. This pattern is called a "Double Zigzag" pattern. The first zigzag was formed within a "perfect channel." That is the reason why I have identified the direction as a "Double Zigzag." The second zigzag is also highly likely to form in the same way. I will provide a detailed explanation of the second zigzag in the chart below. ———————————— ▼ BTCUSDT.P | 1D | Logarthmic This is a zoomed-in view of the second zigzag. Currently, the second zigzag is in progress. According to the Elliott Wave Theory, this third wave is highly likely to consist of five sub-waves. Currently, as it is still in the early stages, there is a possibility of a significant rise occurring. Let's take a closer look at this third wave in the chart below. ———————————— ▼ BTCUSDT.P | 2H | Logarthmic This is the final wave currently in progress. I anticipate this wave to form as an "Expanding Diagonal" pattern. (This pattern can also be referred to as an "Ending Diagonal") The "Expanding Diagonal" is classified as an impulsive wave. Therefore, it is a pattern that aligns with the principles of the "Elliott Wave Theory." This is a pattern that often appears when the market is unstable. Its most notable characteristic is that it progresses in the shape of a "megaphone." As a result, the 2nd and 4th waves naturally overlap. The exact potential for the upward movement is still uncertain, but if you examine the second chart mentioned above, there are some hints. ———————————— ▼ BTCUSDT.P | 1D | Logarthmic 'Wave A' can be 61.8% or 100% or 161.8% of 'Wave C'. This is the most significant clue. ✔️ The "1:1 ratio" level is located at $84,331.6 ✔️ The "1:1.618 ratio" level is located at $106,219.6 If the wave is short, resistance is likely to appear at the "1:1 ratio" level, and if it is longer, resistance may emerge at the "1:1.618 ratio" level. If you have purchased Bitcoin, it would be wise to closely monitor these two levels and manage your risk accordingly. ———————————— I bought Bitcoin because I believe it will rise in value. Wishing everyone the best of luck.
Long
by Killer_Whales
4
GOlD → stick to the long positionhello guys. I believe gold is still bullish and only long positions are logical. Channel Breakout: The price of gold has broken out of the main ascending channel, indicating a strong bullish move. Fake Divergence: A fake divergence was spotted, but the price continued to rise, rejecting bearish signals. Support Zone: The price is currently hovering above a significant support zone (highlighted in blue), which could serve as a springboard for further upward movement. Target: The next potential target lies near the upper boundary of the newly formed channel, around the $2,550 mark. Summary Breakout: Price broke above the main ascending channel. Support: Holding above a key support zone. Target: Aiming for $2,550 as the next potential resistance level. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
OANDA:XAUUSDLong
by melikatrader94
17
HelenP. I Euro can make small movement up and then start fallHi folks today I'm prepared for you Euro analytics. Some days ago price reached the support zone, which coincided with support 2 inside the upward channel, and after a small correction, it broke this level. Also, the price made a gap, after which rose to the resistance line, making a second gap and later corrected to support 2. After this movement, the Euro turned around and rebounded up from the trend line to support 1, but at once fell back to the trend line, thereby exiting from the channel as well. Price some time traded near the trend line and then made impulse up from this line to 1.1200 points, thereby breaking support 1, which coincided with one more support zone. Now, I expect that EURUSD will make one more movement up and then drop to the trend line. That's why I set my goal at 1.1120 points, which coincides with the trend line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
Gold can continue to move up inside upward wedgeHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price entered to upward channel, where it first fell to the support line from the resistance line, after which rebounded up. Soon, the price broke the 2355 level, which coincided with the buyer zone, and then continued to move up inside the upward channel. Later Gold reached the resistance line exited from the channel and even entered to support area, after which turned around and made a correction movement. Price fell to 2355 level and at once rebounded up back to the current support level and then bounced down. As well then the price started to grow inside an upward wedge, where it in a short time rose to the 2475 level, then made little correction, after which it rebounded up, breaking this level. After this, XAU reached the resistance line and then dropped to the support level. But a not long time ago started to grow, so, I think that Gold can little decline and then continue to move up in a wedge. Therefore I set my TP at 2555 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
2
Bitcoin can exit from triangle and continue rise to 65600 levelHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago started to grow inside the upward channel, where it soon reached a resistance level, which coincided with the seller zone. Later price broke the 65600 level and rose to the resistance line of the channel, after which rebounded and made a correction to the support line of the channel. Next, the price rose back, but soon turned around and entered to triangle, where it in a short time declined from the resistance line to the support line, thereby breaking the 65600 and 57500 levels and exiting from the upward channel. Then Bitcoin turned around and made impulse up from the support line, breaking the 57500 support level, which coincided with the buyer zone, and then made a retest. Also later, the price declined to almost the support line of the triangle, after which bounced and at the moment trades very close to the resistance line of the triangle. In my opinion, BTC can little correct to support line and then rebound up, thereby exiting from the triangle pattern. After this, price will continue to move up to the 65600 resistance level, so, that's why this level is my TP. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
12
BITCOIN - Price can bounce up from wedge to $70K pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price declined in falling channel, where it broke $65000 level and fell to $57900 level. Then price broke this level too, also exiting from falling channel and entering to wedge, where it fell to support line. Next, price at once made upward impulse to resistance line, breaking $57900 level again and then made correction. Price some time traded near this support level and later started to grow to resistance line of wedge. In a short time, BTC reached this line, which coincided with resistance level and at once fell little below. I think that Bitcoin can fall almost support line and then bounce up from wedge to $70000, breaking resistance level too. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1