UBER on a 30 minute time frame chart crossed over an anchored VWAP about January 25 and topped January 30th then retested the slowly rising mean anchored VWAP in a double bottom fashion on the following day. The relative strength indicator is in the 65-75 range and the zero lag MACD cycling mostly above the horizontal zero level. I see UBER as suitably setup...
This is a daily Boeing chart with the idea on the chart in the text. There may be a good entry before earnings using a stop loss under the POC line and an ultimate target of the projected trendline resistance at $280-$300 if all goes well fundamentally with an FAA investigation and its sequelae. A megaphone pattern demonstrates increasing volatility in...
Like in other actions, AMEX:SPY is no exception. I believe a megaphone has been created that will be looking to break its resistance to continue its upward trend
This is something that is not seen very often; we saw it in Bitcoin, and it kept going up and up. Now, TSLA seems to be forming a megaphone to continue with a pronounced rise.
Posting another quick update here on the SPY as it closed last week sitting on its 50-day SMA, after the 50-day SMA crossed below the 100-day SMA, while simultaneously rejecting the .50 FIB level. The SPY is holding yet another bearish megaphone as buyers and sellers continue to fight, accompanied by some slight bearish divergence on the RSI. Just some key FIB...
Posting another quick update here on the SPY as a lot has transpired in financial markets over the past few months, yet buyer and selling continue to dictate the price action in my opinion. On the 4-hour timeframe, the SPY is oversold and has formed a bullish ABCD Elliot wave, while also holding a falling wedge within a bearish megaphone. On the daily timeframe,...
Megaphones indicate explosive volatility incoming. If spotted at the bottom of a downtrend (like this one), it can indicate an explosive reversal is coming. Therefore, keep an eye on AMEX:SPY CME_MINI:ES1! CME_MINI:NQ1! NASDAQ:QQQ for a reversal. And of course, all your favorite stocks. Good luck to all, welcome to follow and stay tuned.
Hello Traders, Looking at the chart, Bitcoin BTC might be making a megaphone shape before halving. Watch this space.
EURJPY has formed expanding triangle or we can say a megaphone pattern. Usually price react extremely well to the support and and resistance of the pattern as we can witness in the pattern. Currently the price is at the resistance of the pattern , if the price start to continue dropping the next target could be 157.715 followed by 157.192.
🚀 Ever heard of the megaphone pattern, also known as the expanding wedge? It's like a trading puzzle waiting to be solved. Let's dive into this intriguing pattern, its dynamics, and the buzz around Bitcoin's potential target of $100,000. 🔍 The Expanding Wedge: Imagine drawing trendlines that widen instead of converging – that's the megaphone. This pattern...
Posting a quick update here on the SPY as a lot has transpired in financial markets over the past few months. The SPY has been driven by buyer volume and momentum. Prime examples include but aren't limited to, NVDA-reported earnings, following the existing hype surrounding the AI Sector, which for lack of better words, has created a bubble in itself by only...
This structure is not seen very often, but the erratic behavior that Bitcoin is experiencing is only to stabilize the price in this area, and it is forming what could be a megaphone pattern. This pattern is leading us to the 35K mark and its amplifying powers may be what Bitcoin needs to move forward. Patience is the science of waiting for what we know is inevitable.
BTC seem doing a megaphone pattern in daily time frame, let see how this going on
GLD is an ETF tracking gold futures prices across a blend of durations. USO is a similar ETF for crude oil. I was interested to see what the ratios look like and considering the trading advise of buy low should I be trading and bartering gold to get oil or viceversa. It is applicable for be because I am in part a commodities trader and has some activities...
Looking for tesla to continue an uptrend for the next days. I Have a megaphone that is in play. targets marked. #tesla NASDAQ:TSLA
#Bitcoin (W) Bullish Megaphone Pattern on $BTC. Is CRYPTOCAP:BTC on the way to new ATH's? - Stoch RSI also crosses bullish again and enters the blue area. - EMA21 corsses MA50 earlier this year which has been moving in a strong manner. - Three major bullish candles already formed since only Jan of this year. - Even though it might not be as accurate it is...
SDOW is shown here on a 30 minute chart current rising above a parallel descending channel which is within a longer trend of a downward-facing megaphone pattern where it is currently situated near the top of the megaphone. I have drawn the two trendlines onto the chart and added an RSI indicator. My plan is to take a short trade on SDOW by looking for an...
#dxy #technicalanalysis #Megaphone pattern is a pattern that consists of minimum of higher highs and two lower lows. The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. Megaphone pattern is known to give multiple trading opportunities to the trader. This pattern also can be traded...