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Breakout-pullback

Gold Continues to Probe for New Highs.👋Hello everyone, what do you think about the trend of OANDA:XAUUSD ? Gold continued its upward momentum on Tuesday, reaching a new record high near 3800 USD. Persistent geopolitical tensions, the Federal Reserve's dovish stance, and signs of weakness in major economies in Europe and the U.S. seem to be sustaining investor interest in the precious metal. At the time of writing, gold is hovering around 3765 USD, undergoing a slight pullback, but the overall trend still supports further gains. From a technical perspective, I believe that after this correction, we could see higher price movements. The immediate target is to reclaim the 3790 USD level, followed by 3800 USD, and if conditions remain favorable, we could push even higher, as long as no deep corrections occur. 💬What do you think about gold? Feel free to share your views in the comments, I'm looking forward to your feedback! Good luck!
OANDA:XAUUSDLong
by Kevinn_Nguyen
30
US100: Approaching resistance, pullback likely before breakoutThe IG:NASDAQ has shown a strong short-term recovery after breaking a major descending trendline. However, price is now testing a significant resistance zone, and a technical pullback is likely before the uptrend can continue. 📊 Technical Analysis: 30-minute Chart 📉 1. Overall Trend Price has successfully broken above a descending trendline (red line), shifting market structure from bearish to bullish. An uptrend line (green) is now acting as dynamic support. Price is trading near the upper band of the Keltner Channel, indicating sustained bullish momentum. 🟥 2. Resistance Zone: 24,596 – 24,681 This zone has acted as a strong supply area in the past, causing multiple rejections. Price is currently testing this area again → a rejection or short-term pullback is highly probable. 🟦 3. Support Zone: 24,383 – 24,500 This zone overlaps with previous consolidation and aligns with the uptrend line. If a pullback occurs, this area could attract buyers and act as a launchpad for the next leg up. 🔁 Potential Trade Setups ✳️ Primary Scenario (preferred): Price rejects at resistance → pulls back to support → bounces and resumes the uptrend Wait for a pullback toward 24,500 – 24,383 Look for bullish price action (e.g., bullish engulfing, hammer) for entry Enter long if support holds: 🎯 TP1: 24,650 🎯 TP2: 24,700+ 🛑 SL: Below 24,350 (trendline invalidation) 🔻 Alternative Scenario (risk): If price breaks below 24,383 and the uptrend line fails → short-term trend could shift sideways or bearish Avoid long entries without a confirmed recovery Re-evaluate trend structure if support fails ✅ Conclusion A short-term uptrend is in place However, price is now testing a major resistance zone, and a healthy pullback is likely Please like and comment below to support our traders. Your reactions will motivate us to do more analysis in the future 🙏✨
IG:NASDAQLong
by ZuperView
SBUX | What's Next?SBUX has been on a tear lately. The screenshot I am including explains all of this as well; however, SBUX has seen a decline in value since being bouncing between the tight Support and Resistance levels. With all confluences taking into consideration - news, patterns, price action, and whatever else you can think of to make a case for a breakout beyond resistance or a reversal would be great towards helping me learn more! Appreciate your time! NASDAQ:SBUX
NASDAQ:SBUXLong
by JoshuaMcDaniel
1
JKCEMENT : Strong Bullish Momentum with Possible BreakoutJK Cement Ltd. (NSE: JKCEMENT) has recently demonstrated strong bullish momentum, marked by significant price movements and key technical indicators that point towards a potential breakout. Investors and traders are closely watching this stock for further upward movement, making it an attractive candidate for a swing trade. Key Highlights: Possible Breakout The recent price action in JK Cement Ltd. suggests a possible breakout from a previous resistance zone. The stock has surged past the ₹4894.23 resistance level, indicating strong buying interest and the potential for continued upward movement. This breakout is a bullish signal that could pave the way for higher price targets. Strong Bullish Candle In the latest trading session, JK Cement Ltd. formed a strong bullish candle, closing with a substantial gain of ₹150.60 (+3.25%). This candle not only signifies significant buying pressure but also breaks above key resistance levels, reinforcing the bullish sentiment. The strength of this bullish candle is a clear indicator of strong upward momentum. RSI Breakout While the RSI (Relative Strength Index) is not explicitly shown in the chart, the overall price movement suggests a possible RSI breakout. An RSI breakout above the 70 level typically indicates overbought conditions, reflecting strong bullish momentum. Such a breakout often attracts additional buyers, pushing the stock price higher. Possible Swing Trade Given the current technical setup, JK Cement Ltd. presents a compelling opportunity for a swing trade. The combination of a possible breakout, a strong bullish candle, and a potential RSI breakout indicates a high probability of continued upward movement. Swing traders can consider entering a long position, targeting the next resistance levels at ₹4999.42 and ₹5157.63. It is also prudent to set a stop-loss below the recent support level at ₹4630.83 to manage risk. Additional Chart Patterns and Readings Double Bottom Pattern Upon further analysis, the chart reveals a potential double bottom pattern formed around the 13th of January. This pattern is a bullish reversal signal, indicating that the downtrend may have ended and a new uptrend could be starting. The breakout above the resistance zone further confirms this bullish reversal, adding to the positive outlook for JK Cement Ltd. Volume Analysis The volume bars at the bottom of the chart highlight a significant increase in trading volume on the most recent day. This 5-day volume breakout, where the volume is significantly higher than the average over the past five days, adds credibility to the price movement. The 5X volume breakout indicates strong participation from traders and investors, further validating the bullish sentiment. Conclusion JK Cement Ltd. is exhibiting strong bullish signals, with key technical indicators pointing towards a potential breakout and continued upward movement. The strong bullish candle, possible RSI breakout, and significant volume increase make it an attractive candidate for a swing trade. Traders should monitor the stock closely and consider entering a long position while managing risk with appropriate stop-loss levels. With the current market setup, JK Cement Ltd. is poised for further gains, making it a stock to watch in the coming days. 📈🚀
NSE:JKCEMENTLong
by ruelfernandes
ZENSARTECH): Strong Bullish MomentumZensar Technologies Ltd. (NSE: ZENSARTECH) has recently demonstrated remarkable bullish momentum, breaking through key resistance levels and achieving a 52-week high. The stock price surged to ₹836.90, marking an impressive 11.58% increase in a single trading session. This breakout is particularly noteworthy as it is accompanied by a substantial spike in trading volume, indicating strong investor interest and confidence in the stock. Key Highlights: 52-Week Breakout: The stock has achieved a 52-week breakout, surpassing the highest price level observed in the past year. This breakout is a positive signal for investors, suggesting potential for further price appreciation. RSI Breakout: The significant price movement and volume spike suggest that the RSI (Relative Strength Index) has broken out of a previous range, indicating overbought conditions and strong bullish sentiment. Although the RSI is not explicitly shown in the chart, the overall market behavior supports this inference. 52-Week Volume Breakout: The volume data reveals a substantial increase on the most recent trading day, indicating a 52-week volume breakout. This surge in volume supports the bullish price action and suggests strong investor interest. 20-Day Volume Breakout: The recent volume spike also represents a 20-day volume breakout, as the trading volume on the most recent day is significantly higher than the average volume over the past 20 days. 20X Volume Breakout and Price Change: The chart shows a 20X volume breakout, with the most recent trading day's volume being 20 times higher than the average volume. This massive increase in volume is accompanied by a significant price change, underscoring the strong buying interest and bullish sentiment surrounding Zensar Technologies Ltd. Technical Analysis Insights: The chart shows strong bullish momentum as the stock price has broken above the previous resistance level of approximately ₹800. This breakout, accompanied by a significant increase in trading volume, indicates strong buying interest and confidence among investors. The volume data at the bottom of the chart highlights a substantial increase on the most recent trading day, reaching 28.28 million shares. This volume spike is not only the highest in the past year but also represents a 20-day volume breakout, with the trading volume being significantly higher than the average over the past 20 days. Conclusion: Overall, Zensar Technologies Ltd. is exhibiting strong bullish momentum, with key technical indicators pointing towards further potential gains. Investors should closely monitor the stock for continued strength and potential opportunities for profit. The recent breakout above key resistance levels, combined with substantial volume increases, suggests that the stock could experience further price appreciation in the coming days. For those interested in the stock market analysis and investment strategies, Zensar Technologies Ltd. presents an exciting opportunity to capitalize on the current bullish trend. Keep an eye on this stock as it continues to make waves in the market. 📈🚀
NSE:ZENSARTECHLong
by ruelfernandes
SLB is breaking out of a head and shoulders patternIn this chart I point to main chart pattern in the SLB prices at this moment, that is the head and shoulders. Not only that, but the prices are doing a breakout of this pattern, that I indicate step-by-step at the purple text in the chart. I am also trying to take some advantage of this movement, and so I bought a very short term put option to try catch some profit from an eventual falling in prices. The put information is in the gray text in the chart.
NYSE:SLBShort
by thessia_
2
AUDUSD Watch: Key Level Break and Lower Low, Wait for a PullbackCheck out my previous post "Breaking Down The FX Market: What You Need To Know" for a comprehensive video analysis. The AUDUSD has been in a bit of a tricky situation lately, as price has broken a key level and made a lower low. This has traders wondering where the pair may be headed next. However, before jumping in, it's important to wait for a pullback and not chase price. With the upcoming Federal Reserve rate decision, it's important to keep a close eye on the market and be cautious in your trades. The FED is expected to raise interest rates, which could have a significant impact on the currency markets. This means that traders should be paying close attention to the market developments and be prepared for any potential volatility. By being patient and waiting for a pullback, traders can better position themselves for success in the AUDUSD market.
Short
by natron