A potential roadmap to keep an eye on, especially if S&P 500 starts breaking down
hello traders,... to the point: FA and TA so far confirms it, it looks like it is in megaphone Top pattern, but that doesnt mean it cant be bulish till 1 month prior to elections and print a new high .... no entry, but i had to do this analise bcs it reflects the crypto (or did), so why not make it public, hope u find it usefuel
GBPCHF is forming an expanded triangle (also called megaphone). the price is close to a nice sell zone, we are waiting our signals to place an order.
A Megaphone in the making? Higher highs and lower lows?
Euro is at top of a number of downward channel trend lines and is printing a megaphone pattern. This looks like distribution as the larger traders dump positions into the order book and widen its range. Selling from the top of the day here could be a very good swing position short. I also have a short bias intraday.
#sp500 #spx #sp1! – S&P500 futures have once again gapped down as markets reopened for trading tonight, currently down -137 points for a -4.6% loss. Price is now below the 50% Fibonacci retracement level which is the midpoint between the low seen in October 2018 and the high made in February 2020. 50% retracements after a large/long uptrend are generally...
Hi guys another megaphone pattern for “color options” traders. The resistance line has been touched 5 times already and there was no break. Also, the volume is dropping, it could mean that the interest to break this resistance isn’t there. So I will enter short trade when first red candle forms after last green candle that touched resistance line.If resistance...
EURUSD is showing a megaphone pattern with next target 1.135 (Weekly 200 SMA) and the 161.8 fibo extension from 1.08792 to 1.11795.
BP breakdown out of its megaphone pattern. The backtest was unsuccessful. However, a strengthening '£ vs. $' might encourage it higher. Worth watching.
It's possible to create Megaphone Pattern. It can reach 1600 within next month.
So on the after hours we have broken to the upside the next step would be a daily close to the upside. This is Bullish make no mistake about it. However, where are we really going to go 3050 is only 3% away. Remember the longer term charts are still very bearish. We still have the potential head and shoulders forming along with a long-term Megaphone pattern that...
US Equities in downtrend off ATH from July. Price action strongly mimics last year's selloff behavior. Pull chart right to see the 2018 Megaphone. Targets in chart are determined by TL defined by these Megaphones. Price labels are estimates and actual prices of course will vary; past performance is no guarantee of future results! 2019 Megaphone is Bigger and the...
Over the same time fame as the TSMC channel, TXN has been trading in a bearish megaphone pattern and has hit the $117 top of range level for the 6x. No reason to believe the 6th time would be any different from the earlier 5 occurrences.
Softbank has come under increasing scrutiny for its eye-popping investments and corporate governance practices. Investing almost a billion into a company embroiled in a massive accounting fraud scandal (Wirecard) is not what I would characterize as best use of shareholders' capital. Starting from the 2009 trough, the stock has completed 5-waves up with the price...
Looking at broadening formations: similar pattern 1960's-80's. Larger span of time then.. just interesting to me
All the required information is on the chart. Best, Hannibal
This looks like a textbook Megaphone reversal pattern -- Shorting here at $407. :)
Short term we are due for at least a small bounce since we finally have some signs of buying volume increasing. Note the bull volume spikes end of this week as well as back in June before the last uptrend started. Daily MACD is just about to cross which when combined with stochastics rising out of oversoold indicate a likely uptrend beginning. $0.15 was a major...