Get started

Continuation

APPL APPLE BEARISH DIAMOND CONT.It appears to me that a bearish diamond pattern is coming to an end - based on the qqq's direction and the overall sentiment on the direction of the entire market I would wager that its going to eventually (soon) break the lower purple line (140.15) which represents a heavy volume/price area. As you can see that level has been an area of strong adherance throughout the entire diamon thus far. It is possible that the pattern will make one more small push to the upside towards the $145 level however that pop should be short lived. Overall PT 1 is $135.64 PT 2 - 131.04 Both the 1/20/23 $140 PUT strike as well as the 2/17/23 $140 put strike have heavy open interest and look like a safe bet with plenty of time. However I do think the trade can be exited for profits well before those expirations.
NASDAQ:AAPLShort
by arich1282
3
📚 The Difference Between a Reversal and a Continuation!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Today I want to share an interesting pattern that I always use to speculate (to an extent) the next move of an asset after an impulse movement. First , locate an impulse movement, bullish or bearish. Second , wait for the correction movement to start. 📌In case of a bullish impulse: 1- if the correction movement is bearish , then expect a continuation bullish impulse to follow. 2- if the correction movement is bullish , then expect a reversal bearish movement to follow. And vice versa... 📌In case of a bearish impulse: 3- if the correction movement is bullish , then expect a continuation bearish impulse to follow. 4- if the correction movement is bearish , then expect a reversal bullish movement to follow. 📉 We can clearly see this pattern is playing out nicely on BTC weekly chart . I have highlighted many example with its pattern number respectively. And you can always refer to the cheat sheet on the left inside the two circles. If we apply the same logic to the current price action. Is BTC currently in a bearish correction as per our case #4? 🗒What do you think? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! And always remember: All Strategies Are Good; If Managed Properly! ~Rich
Education
by TheSignalyst
49
AAL - Short term flag play! Quick Post tonight! Covering the Technicals of AAL ~ American Airlines! Sadly this company does Report Earnings tomorrow, so that could screw with out Technical Analysis on this Chart, so I am keeping this short as Fundamentals will take presence! We are seeing a clear flag being printed on the Daily Chart here, and A clear bounce off the support band. Looking here for a simple continuation upwards toward the upper trendline from the flag. The Candle made today is neutral, so we are looking for a jump in the coming days for a short term move up. Momentum is in Bulls Favor (Daily, and Weekly) It looks like a possible easy move up to resistance that could pay well. Also, a break thru could be explosive. Pros : Predictable Chart here Everything almost in favor Con : Daily Candle Earnings tomorrow 9/20
NASDAQ:AALLong
by ZachSap
AUDNZD It will return to resistance and fall! SHORT!Welcome back! Let me know your thoughts in the comments! **AUDNZD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
2
GBPCAD Short from Resistance to 1.538 Zone Welcome back! Let me know your thoughts in the comments! **GBPCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
8
GBPAUD Local short and best place to buy Welcome back! Let me know your thoughts in the comments! **GBPAUD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
15
USDJPY the road to 150.00There is a shortage of US dollars. The Swiss National Bank has basically borrowed nearly $6.3 billion from the U.S. Federal Reserve's currency swap line facility, roughly double the amount drawn a week earlier, New York Fed data released on Thursday showed. This is the SNB having to provide liquidity for US-denominated debt holders in and around Europe and possibly global entities. The yen is fundamentally broken as we have seen Japanese Gov. debt not trading for days at a time. But the government still continues to refinance itself. So I am expecting quite a surge on the USD, and a continued decline in the yen. Technically the US CPI yesterday cleared both the buy and sell stops. as the MM's gathered their orders together.
by Macrobriefing
XAUUSDHello dear traders. We recently saw that gold has strongly reversed from the 1615 level. I see a break of downtrend structure by forming a new higher low and a new higher high. The Mid-term trend is starting to shift into sideways fading the bearish momentum. Fundamentals due to global status they neglect the bearish bias in my opinion. NFP impacted only for a short-term down retracement. The most feasible continuation seems to be the bullish scenario. So, I am waiting the retest of the demand zone especially with a Fib retracement confluence of 0.382 or even 0.5. This scenario will be invalid in case a candle breaks below thw 0.618 level. If candle closes below and makes a retest pointing down, I will reconsider looking for sells.
XLong
by The_Forex_Path
Sell Entry example - Supply and DemandHere is a sell entry example i have put together to show you what i look for in the market when looking for a continuation entry After an impulsive move in either direction we would expect to see a correction, then another impulsive move. The initial impulse move shows us that a lot of volume has entered the market and for this example that the sellers are in control. When this happens we want to capitalise on the next move down and the best way to do this is to be patient and wait on a correction forming so we can get a good high probability entry. This can be applied to all time frames as well as buy or sell
Education
by TradingElements_
XRP Bull Pennant on DailyFlags and pennants are patterns that I find are overly relied upon in crypto, and they often fail. I like this forming pennant, however, when coupled with the market sentiment. In particular, XRP has been on fire and we are testing a major psychological level at $0.50. I wouldn't long resistance - But I am already in a along position since low 40s. If I wasn't, I would not enter this trade until the price breaks out of the pennant to the upside, for confirmation. A breakout could happen here, or touch the bottom of the flag once more before going back up. I will keep a close eye on XRP for a breakout, and will have alarms set. Also my recent idea about BTC volume flow flipping in bull's favour (link below), has me thinking the market is ready to move a bit higher, and I think BTC will hold support at $20k, and move up to the next level, which will give more support to this idea. If BTC falls through $20k before this pennant breaks out, I will consider abandoning the idea altogether. The stop loss target, set at the most recent swing low is at $44.9 and sits perfectly behind another psychological level. The target is set slightly below the pole height, at $63.8. The pole reaches a bit above $0.65, but I think it will correct hard at $0.65 or even at $0.64. Keep in mind that $63.8 is an ideal scenario where the breakout shoots almost straight up with no faltering. If we have signs of trouble along the way I will not hesitate to sell, even somewhere in the mid 50s. I've been enjoying some market success, but I am a fairly inexperienced trader so don't go copying my trades. None of this is advice, just my idea.
Long
by D-Rock_Anomaly