Symmetrical Triangle Breakout Pattern for NVDA - This could also be a head shoulders to the downside but with so much momentum going into next week and recent upgrades from major financial institutions anything is possible.. I’m bullish on this one
After hitting all three of our previous targets the NSE:LATENTVIEW is currently exhibiting characteristics of a symmetrical wedge pattern, indicating a potential period of consolidation and indecision in the market. A symmetrical wedge pattern is identified by two converging trendlines, both sloping inwards. This formation signifies a period of decreasing...
CMDX/USD: Navigating the Breakout and Continuation Patterns CMDX/USD Technical Analysis Overview: In a striking turn of events, CMDX/USD has shattered its major falling wedge structure, signaling a bullish momentum that has caught the eye of many traders. Following this breakout, CMDX/USD is currently crafting another continuation pattern, reminiscent of a...
Today's focus: NDQ100 (Nasdaq) Pattern – Continuation (Bullish) Support – 17,804 Resistance – 18,047 Hi, traders; thanks for tuning in for today's update. Today, we are looking at NDX100 on the daily chart. Today, we are asking if the NDX100 index will contnue to move higher after putting up several key price action points. Have buyers set the tone for a new...
HELLO TRADERS Hope everyone is doing great 🛑 A look at AUDUSD ahead of the WEEK 📌 LET'S LOOK AT THE DAILY DXY DXY D TF * Looking at DXY from the DAILY TF we see a break BELOW (SSL) which are Monday lows. * Swept SSL but traded back into the range with some bullish momentum. * If we see momentum back into the range i would be looking for long. * Looking for...
G'day, Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Consolidative box example (Daily) Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD...
ORCL Upside break-out of a Descending Pennant. Some things to note: Hold of 50 EMA within the pattern High volume entry into the pattern with descending volume throughout Notable pickup in activity on the upside break MACD Cross coinciding with break Throwback following the upside break that tracks along the upper bound of the pattern and is halted at...
King W. Harbmayg's Journal Entry # Lesser Position 1. Pair & Position: USDJPY— 1:5 RR Long— according to the Harbmayg Schematic, the market has successfully: a. aligned with the daily template, b. printed confirmation structure, c. printed the inversion candle 2. Performance: (1 out of 5) Confidence— 4 Discipline— 4 Execution— 5
Hey traders! 👋📈 I've identified a compelling bullish setup on NASDAQ:ALTO that I wanted to share with you. It appears to be forming a bull flag pattern after a successful wedge break on the monthly timeframe, indicating potential upward momentum. Let's dive into the details! 📊💡 🔍 Symbol: NASDAQ:ALTO 📅 Timeframe: Monthly 📉 Previous Pattern: Wedge Breakout 📌...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
If the US dollar can continue to strengthen, then we should be looking for further weakness in the pound and other major dollar crosses
Technical Analysis (TA) The monthly and weekly was oversold and price pushed higher with significant momentum after a consolidation phase. Retracement to $25 is expected However, the push to $30 would require catalysts to increase momentum. We could hit $25 and then come back down or go through another consolidation phase before further upside to $30. ...
LYFT beat earnings by 4X this past week and so brokeout. On the cloud indicator, the conversion line has diverged above the baseline. LYFT could be watched for breakout continuation. The Awesome Oscillator and VWAP Oscillators validate the breakout, Added to watchlist for Monday, Aug 8th Plan to check UBER. NASDAQ:LYFT
Technical Analysis Price bottomed out 3 weeks ago and the RSI + William %R Price broke out the daily channel last week and has been consolidating above the 1D 50EMA. There is a good zone to buy before a further push above 76 and potentially 90 Price Target Entry: 71-73 Target 1: 76 (+5%) Target 2: 88 (+20%) Analyst Targets: 101 (+40% Financial Metrics...
Technical Analysis (TA) Monthly oversold and Williams %R showing signs of a reversal. Weekly MA's resistantce broken and held key 100MA as support. Needs to break Monthly 10EMA to show upside momentum. Price Target Entry : $281 Price Target 1: $315 Price target 2: $350 Fundamental Analysis (FA) Strong Quality Screen and metrics.
Possible bear pennant formed running into the curved resistance down to the .886 from the Covid crash low. We'll see if it follows through. DISCLAIMER: I do NOT offer financial advice. I am not a financial advisor. The content is for educational purposes only. YOU are responsible for your own investment decisions.
Hello TradingView community, today we’re looking at AVAXUSD as price remains in a solid-looking downtrend. We are watching a consolidation pattern that could be a descending triangle or a wedge type pattern in the existing trend. The key for us is at 28 support. If sellers break this level, the continuation could be on, and we would like to see a new LL set to...
USD/CAD has been moving down recently following the formation and breakout of a pennant on the daily chart. Price has now formed another pennant on the 1H chart. Price showed strong rejections off the previous support with a bearish engulfing pattern The price impulsed downwards and then started correcting. In such cases, another impulse or move downwards may be...