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LYFT May Be Ready for a Bullish Breakout Lift is currently sitting above the 50, 100, and 200 moving averages. It just filled the gap it left from May earnings and since then it’s been consolidating while forming a bull flag pattern. RSI is also trending higher but just crossed 60 leaving it room to run and MACD line has also crossed the signal line. OBV has returned to its May levels and average volume has begun to rise a bit over the last couple of weeks potentially due to to the founders announcing they’re stepping away in Feb2025. Until there’s a major change in buying sentiment for Lyft it’ll probably keep consolidating. Just needs some good news. Maybe those two founders stepping away could be the start.
NASDAQ:LYFTLong
by WSGoo
XAUUSD | 1H Outlook | FALLINGWEDGE FAKEOUT BEARISH MOMENTUM🔍 Structure | Trend | Key Reaction Zones Gold is respecting the bearish structure with a series of Lower Highs (LH) and Lower Lows (LL). The recent pullback towards $3348–$3350 is showing rejection from a key supply zone while still following the falling wedge structure. 🧠 Market Overview: Previous accumulation attempt failed, keeping the bearish bias intact. Price is retesting a strong supply zone ($3348–$3358) while sitting below the major LH trendline. A breakdown from current levels could push gold deeper into the pending demand zone. 🎯 Key Scenarios: 🔻 Bearish Continuation (Primary Bias): Rejection under $3350–$3358 could trigger a drop towards: Target 1: $3330 Target 2: $3314 Target 3: $3300 – $3296 (Major Demand Zone) 🔼 Bullish Invalidation: A sustained break and hold above $3358 would shift momentum, potentially targeting $3380–$3400 again. 📌 Current Levels to Watch: Resistance: $3348 → $3358 Support: $3330 → $3314 → $3300 ⚠️ Disclaimer: This analysis is for educational and informational purposes only. It is not financial advice. Please conduct your own research before trading.
FOREXCOM:XAUUSDShort
by PEAKALPHAFXMARKETS
3
RKLB's Technical Blueprint: Is a Power-Up Imminent?🎯 RKLB's Technical Blueprint: Is a Power-Up Imminent? 🪐 Rocket Lab (RKLB) has presented a fascinating technical picture, displaying classical chart patterns that suggest a potential bullish continuation after a period of consolidation. My analysis points to key levels to monitor for future price action. Foundation for Growth:The Cup and Handle Breakout: Earlier in the year, RKLB successfully formed and broke out of a well-defined Cup and Handle Pattern 📈, a classic bullish continuation signal. This robust formation propelled the stock into a strong rally, establishing significant upward momentum and highlighting investor conviction following its previous consolidation. This breakout set the stage for the subsequent price discovery at higher levels. in.tradingview.com Current Consolidation: The Flag and Pole Pattern: Following the sharp upward move, RKLB has entered a Flag and Pole Pattern 📉. Price action is currently consolidating within a descending channel, typical of a healthy correction after a strong run. This pattern often serves as a pause before the next leg up, allowing the market to absorb gains and gather energy for another significant move. Traders are keenly observing this phase for a decisive breakout. in.tradingview.com Critical Confluence Zone for Reversal: The stock is currently approaching a highly significant confluence zone 🟣. This area around $37 to $39 (identified as the "1st Support") aligns perfectly with the Fibonacci Golden Zone (50%-61.8%) and the lower boundary of the descending flag channel. Furthermore, a long-term ascending trendline provides additional underlying support in this same region. This convergence of multiple support indicators makes this zone a high-probability area for a potential bullish reversal and rebound. Below this, Key Support at $32 to $33 (the "Previous Breakout" level) stands as a crucial backup. in.tradingview.com Upside Potential and Price Targets: Should RKLB successfully find support within this identified confluence zone and break out of the descending flag pattern, significant upside targets come into play. Our analysis identifies an initial 1st Target range of $48 to $50 🎯, followed by a 2nd Target range of $51 to $53 🎯. The projected trajectory from a successful bounce within the confluence zone supports a move towards these higher price levels, confirming the continuation of the underlying bullish trend. In summary, Rocket Lab's price went high due to the initial SPAC-driven excitement, coupled with a solid operational track record, a strategic pivot to vertical integration (beyond just launch), significant customer wins, and ambitious future plans (like Neutron) that promise to unlock larger market opportunities. It is crucial for investors to understand that Rocket Lab (RKLB) is a high-risk, high-reward long-term investment, and while the technical setup appears promising for a bullish continuation, market dynamics and company-specific developments will ultimately dictate its future trajectory. Monitor the identified support levels closely for confirmation of a potential move higher. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
NASDAQ:RKLBLong
by ManiMarkets
EURAUD: Trend Following Trading 🇪🇺 🇦🇺 EURAUD completed a correctional movement after a strong bullish wave. The price nicely respected a key intraday horizontal support and formed a cup and handle pattern on that. Its neckline breakout with an imbalance candle provides a strong bullish confirmation. I expect a rise to 1.799 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
1
Potential bearish flag pattern on Copper futuresPrice action on Copper Futures shows that buyers and sellers have been confined between two ascending lines since the beginning of August, taken from the low of US$4.3325 and a high of US$4.4800. While this offers a potential bearish flag pattern to work with, the base metal is seen rebounding from support between US$4.3810 (6M) and US$4.4590 (1Y), with room for price to continue pushing higher until reaching resistance between US$4.7185 and US$4.6105 (1M levels). As a result, price could continue to grind higher within the confines of the bearish flag until reaching resistance at US$4.7185-US$4.6105 before sellers attempt to push things lower. Written by the FP Markets Research Team
COMEX:HG1!Short
by FPMarkets
BTCUSD: Will the Bulls Defend Key Support Zones?The Bitcoin chart reveals a significant technical pattern that traders should be watching closely. After a strong run-up, we are seeing the asset face considerable resistance, forming what appears to be a double-top structure near the $124,000 level. 📈 This price action suggests a potential reversal or a substantial pullback before any further upward continuation. Bitcoin is currently trading within a short-term Fib Golden Zone , a critical area for bulls to defend. 🛡️ This zone spans between the 61.8% ($116,730) and 78.6% ($114,500) Fibonacci retracement levels. A decisive break below this range could signal a deeper correction. Beneath the short-term support, there is a key "Order Block" that could act as the next line of defense for the bulls. 🧱 This area, typically marked by institutional buying interest, is a high-probability reversal zone. A more significant test for Bitcoin's strength lies in the "Major Fib Golden Zone" and the "Fair Value Gap" below the current price. 🎯 This area, roughly between $108,000 and $103,000, represents a confluence of strong technical support. A drop into this zone would be a healthy retracement to re-test prior support levels before attempting a new leg up. Failure to hold the key support levels and a breakdown below the Major Fib Golden Zone could see the price seeking a deeper floor towards the "Ext Support" level, near the $96,000 mark. 📉 This would invalidate the recent bullish structure and open the door for a more prolonged bear market. Disclaimer The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
CRYPTO:BTCUSDLong
by ManiMarkets
LLY - Clean LevelsBull flag patten on the LLY weekly Chart. The base of the flag/channel has been reactive so far although with low volume (See previously boxed LLY chart) off the top of the recent boxed range. If you look at the previous chart, you will see that LLY is currently floating up through a low volume node on the anchored volume profile. Unless sellers step in here, 708.49/709 - 711.44 is the next target. Volume will be in that area, if buyers step in, could be great for calls. Otherwise we could see a look above and fail of the top boxed range(again see previous chart under related publications to the right of this post). ~The Villain
NYSE:LLY
by The_Villain_777
Linear chart version of cup&handle+ bullflag targetsI just posted the log chart version of these patterns before posting this idea and as you can see the linear chart version of these patterns have a much smaller measured move target for their breakouts. Usually what ends up happening in these scenarios is both the linear and log targets eventually get hit,, it just takes the logarithmic targets much longer than the linear ones. So while there is a possibility we could hit the log chart targets this bull run, there’s a much higher probability that we will Hit the full linear targets this bull run. With the higher log chart target that could get reached this bull run or it could also not get hit until next bull run which is something that has occurred frequently in the past with log patterns as well. Either way I’m confident those log chart targets will get hit by next bull run if not this one and pretty confident as long as the 5.3 diminishing returns theory doesn’t play out that we will very likely hit these linear price targets. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
EUR/AUD – Second Chance for Bears?About a month ago, I drew attention to a potential long-term short setup on EUR/AUD, highlighting that the pair had formed a measured move pattern after the sharp drop from 1.85. Since then, price broke below the rising trendline, but at that moment the drop lacked follow-through, and EUR/AUD bounced back. This bounce may now be a retest of the broken ascending trendline. If this is the case, bears could get a second chance to enter at higher levels, with the overall bearish structure still intact. Trading Plan: Selling around 1.79 could offer a solid medium-to-long-term opportunity, with a risk–reward ratio of approximately 1:2.5. Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Short
by Mihai_Iacob
3