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j.Hejazi | SPX500 Triangle BreakoutThe SPX500 failed to reach a new high when it hit resistance at 4160.0, forming a triangle pattern. The price has broken the ascending trend line and the 4-hour 50 moving average, and a break to the downside of the pattern at 4080.5 would confirm a new downtrend, signaling a sell with a target of 4006.0. On the other hand, if the price breaks the pattern to the upside, we must wait for it to clear the 4186.0 level before considering buying opportunities. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
OANDA:SPX500USDShort
by Candlestick_OB
8
DAX - ☕DAX - ☕ One of my most favourite patterns! Cup & Handle pattern - Inverse! I've back tested this pattern many times and it never has failed me with the correct amount of risk etc. What states on your plan, that's the greatest importance. Highs: 15420 Lows: 15280 A break above the highs this trade plan is no longer valid. A break below the lows I expect the continuation of bearish price action to continue and breaks below the trendline then we may go towards 200 EMA area. Have a great week ahead, Trade Journal Key tip: Ignore the noise
G
by Trade_Journal
BTC 3-day A follow on to our last 2 charts covering BTC's 3-day Pattern! The 1-day Golden Cross has occurred and each time that it has in the past, BTC retraced just before or just after. Also following the cross of the 21 Moving Average Crossing above the 50MA, BTC retraced back to the 50 as id did in 2021, and crashing through it in 2015 and 2020. I have also noted that on the 1-day chart, BTC has been forming Bearish Divergence. 2021 was 28 days, current price action is 25-days! Will BTC follow these past patterns or can it do the unexpected and break through our 100EMA and out-trend resistance?
INDEX:BTCUSD
by livmac7
EURUSD wedge pattern. breakout to happen? let's go short!on the daily timeframe i have drawn an uptrend wedge pattern! as it is climbing to near breaking point, just how much further can it go to near breaking point? I dropped down to the 4H timeframe and drawn my S/R targets to reach if only it restests the resistance on the daily timeframe which to then i can place an sell order for a good price and give me a good entry for if the breakout become true! thank you for looking at my idea! share your thoughts with me! knowledge is power and i'm happy to learn from others! thank you.
Short
by RJLfamily
j.Hejazi | AUDUSD: Charting the Path AheadThe price on AUDUSD has followed the expected movement as outlined in the previous analysis . Currently, the price faces a combination of four resistance levels that need to be cleared before moving further down: a weekly trend line, a yearly trend line, the key level of 0.68650, and the 38.20 Fib level. It is probable that the price will bounce off these strong resistance levels and head back towards 0.70000 to form a head and shoulders pattern. ---------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
1
j.Hejazi | Bullish Signals for DXYThe US Dollar Index has produced a bullish engulfing candle on the weekly timeframe after failing to break down the weekly resistance level at 101.50. On the daily timeframe, there is a breakout of the falling wedge pattern with a positive divergence on the MACD indicator. The price still has three more resistance levels to overcome before it can be considered a buy signal: the yearly ascending trendline, the 103.5 resistance level, and the 50-day moving average. Once the buy signal is in play, the potential target may be 105.70, but the price may fall to retest 103.5 to form a head and shoulders pattern. ---------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
TVC:DXYLong
by Candlestick_OB
XAG finally breaking out of the channel?Silver is about to break out of the channel. Jordan Roy-Byrne, Founder and Editor of The Daily Gold, outlines that the key determinant factor for a real bull market in the gold, silver and the precious metals mining stocks will be when gold decidedly breaks above the S&P 500 on the ratio chart. There are plenty of historical periods one can point to as evidence that the gold and silver mining stocks outperformed and diverged from the US general equities in prior bear market periods.
OANDA:XAGUSD
by Samo_Danilo
j.Hejazi | EURCAD waiting for breakoutThe EURCAD currency pair has formed a triangle pattern with a divergence on the MACD indicator. This pattern also appears to show triple tops with another divergence. These patterns are located at a strong resistance area, as the price is touching the 200-week moving average and testing the key level of 1.46350. To consider a sell signal, the price must break the neckline of the triple tops and triangle. However, if the price moves up and breaks the moving average, it must also break the 2 yearly resistance trend lines at 1.47313 to be considered a buy signal. ---------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
BTC 3-Day Big Picture PatternsBTC 3D chart Zooming out and looking at the bigger picture, here we are looking for patterns to see what the current trend could be telling us. 👀 BTC is currently elbowed at a cross way hitting resistance of our outer downtrend, the 100 EMA and trendline marked in red! The last time the 21 crossed the 50 Moving Average, price shortly topped the retraced back to our 21 and 50 moving averages before bouncing as it did in 2021! Could we see a repeat of this patter or something different? As always BTC will can always do the unexpected! Keep in mind, there is also another pattern with our daily Golden Cross looming! 👀
INDEX:BTCUSD
by livmac7
3
EURGBP - WEURGBP Another double bottom + TL as support! We could go further and add various other confluences but what's really important to implement your own trade plan in this idea! Double bottom, support 0.88350 areas. Drop below further than that, then I would re-think this idea. Overall stay above the support of 0.88350 and break of the key resistance that has been tested multiple times 0.88950 it's strong resistance but a break above I expect 0.89820 areas to be target. We do have ECB & BOE today... Have a great day ahead, Trade Journal
by Trade_Journal
📊 Chart Patterns Cheat SheetPatterns are the distinctive formations created by the movements of security prices on a chart and are the foundation of technical analysis. A pattern is identified by a line connecting common price points, such as closing prices or highs or lows, during a specific period. Technical analysts seek to identify patterns to anticipate the future direction of a security’s price. These patterns can be as simple as trendlines and as complex as double head-and-shoulders formations. 🔹 Reversal patterns are those chart formations that signal that the ongoing trend is about to change course. If a reversal chart pattern forms during an uptrend, it hints that the trend will reverse and that the price will head down soon. Conversely, if a reversal chart pattern is seen during a downtrend, it suggests that the price will move up later on. 🔹 Continuation chart patterns are those chart formations that signal that the ongoing trend will resume. Usually, these are also known as consolidation patterns because they show how buyers or sellers take a quick break before moving further in the same direction as the prior trend. Trends don’t usually move in a straight line higher or lower. They pause and move sideways, “correct” lower or higher, and then regain momentum to continue the overall trend. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
7
BTCUSD - TIME TO SHORT?It appears that we are currently experiencing a similar pattern to the bull run we saw in the past. During this previous bull run, we saw a sharp decline from 65K to 29K. Currently, we are seeing a similar pattern with long positions being trapped at the top and many stops being placed below 20,4K. If this pattern continues, we may see a decline towards the 20K psychological level, which would help to flush out leveraged long positions and start a new impulse from there. Additionally, there is an open gap at 20K which may also be filled.
Short
by SiDec
3