CAD/JPY is in a range, forming a symmetrical triangle . The price action is currently testing an important resistance zone after forming a double bottom on support zone. I'm expecting a resistance breakout due to Double Bottom + Bullish Divergence on the RSI and Volume uptrend on OBV. Now key zone for bulls is to break above the resistance zone. While...
HELLO TRADERS! Trade setup was explained in the video in my channel a month ago. Trade worked as per my analysis and is up by almost 80%. Target is 400%. Rest details are in the chart.
with a break of weekly H3 and H4 camarilla pivots. it is possible to see btc reach the weekly H5 and monthly H3 which are in the same place. Ideally I would like to see a move to weekly pivot and L3 first. However it could happen before.
Controlled accumulation, a likely Dark Pool buy zone, developing for AMC. Friday had an uptick in volume. Compression patterns can have an explosive momentum move on the breakout. The last run out of a base went for 17 points.
If the price come back up again 47600, Elliot wave has the possibility to go and try 3rd leg Price stayed a long time above 47000 More persistent, more chances to move up Fib levels are very well respected actually
Well it just an idea of mine To my own perspective I feel that if the price break above then the bulls take over
Past 5 days have presented bullish price action with a potential HL printed inside the wedge. Price currently pressing up against wedge resistance trend line. With overall market showing signs of going higher, a breakout here is likely imminent.
That area just above 1.70 presents a confluence of resistance that makes it a significant and key breakout level. One can wait for a breakout and re-test setup to maximize RR to one's favor. I'm personally actively looking to enter a smaller position to maybe front run the breakout which is looking quite imminent. My 4HR levels:
new fantom update : We have a nice descending flag, last night the price broke the flag, and now we're on its pullback. This setup has an efficient risk/reward ratio.
Ratnamani Metals gave a perfect breakout today of cup with handle pattern. All levels on the chart. This is a good stock for medium term. Accumulate it on dips.
QS has been in a downtrend for quite some time now but is forming a massive falling wedge (bullish). QS has strong resistance at the $32.74 level as well as the $39.27 mark. Bollinger bands are also squeezing and buyer volume is starting to pick back up as we've been seeing a general rotation back into growth stocks in the market. Will be looking for QS to break...
Long term up-trend on the weekly and monthly charts Due to break out of a 4 month breakout At all-time-highs Volume coming in to push the price higher Final thoughts: Look for buying opportunities around the 157.30 to 157.80 area. OR Wait for a break and hold above $160.14
Stock has given highest weekly weekly close with good volumes.
Watching current price as it sits at a key resistance level in this consolidation. A break higher could trigger a measured move higher (at the least).
Looking to enter shorts on a pullback retesting broken ascending TL in confluence to the 0.5-0.618 fib retracement zone and previous area of support which is now key resistance.
We could be seeing a breakout soon. Needs a daily close to confirm and price to watch (for me) is 220. Not trading advice.
If bears fail to break current levels 24.80 - 25.40, I think we could see a rally to test 28.30 which I think is a key level to breaking out to new highs. I'm trying to enter in early in anticipation of that breakout which is a bit risky. Again no guarantees as I think market may continue sideways within current trading range but I think the buying pressure is...