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**GBPJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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W had begun to form a saucer base pattern since Sep2022 (4 months basing), eventually cumulating to a break above it's neckline last Friday ( 20 Jan23) on very large volume. The following Monday on 23 Jan23, W announced it will cut 10% of its workforce and the market reacted by gapping the stock straight above it's 200 day moving average on yet another high...
SHOP had been building a rounding base for the past 9 months with 2 (failed) attempts to break it's neckline @ 45.30. The stock finally had a Golden Cross a few days ago on 18 Jan, further solidifying that it is bottoming out.
Even after golden cross has occurred, some stocks can continue to remain volatile within a range for another 2 or even 3 months. Hence a...
There are several factors that are aligning in MELI's favour for sustainable recovery in the near future (minor pullbacks not withstanding):
1. Since hitting the low in June2022, it began to whip saw sideways within an ascending triangle pattern. This is a possible reversal pattern when formed after a downtrend.
2. A golden cross on 22 Dec2022: another signal...
We can see a bit of a pump in price action on the 4hr chart for ether here. It appears to be breaking above the neckline of an inverse head and shoulders pattern(in yellow). Of course many times these patterns do not trigger their breakout on the first break above the neckline but rather dip back below it and wait until the 2nd or sometimes even 3rd break back...
Which of course adds a second even higher breakout target than the 1st one. It just recently retested the line as support and has been bouncing up from the retest which is what I’ve been waiting for to ensure the neckline was a legitimate one. It’s breakout target is the green one. At $106 *not financial advice*
On its way to the breakout target from the descending purple channel, Gold has now also formed an inverse head and shoulders which has an even higher breakout target. Price action is currently above the neckline of the inverse head and shoulders (in yellow). It could easily dip back below the neckline momentarily, but can also just as easily trigger the inverse...
The GBPJPY price is in Bearish Head And Shoulders🧐
The neckline is broken & retested🔥
so, i predict a bearish move 📉
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CDAY had been basing since hitting low on 16 June 2022 (7 months now). It formed a Golden Cross on 17Nov 2022 (2 months+ ago) but continued to trade flip flopped within a sideway range while it's 200 day moving average began to flatten out.
With it's 200 day MA having shifted from a downtrend to a flat line, the odds have increased for start of a sustainable up...
Unlike the tezos, and algo inv h&s patterns which ended up being takeouts and have now been nullified, the ltc inv h&s seems to still be legit and is currently attempt to validate its breakout. We can also see it is just 1-3 daily candles away from its golden cross adding bullish confluence to this breakout. The breakout target had to be readjusted slightly lower...
NVDA was gyrating in a wild and wide base in the last 6 months. On 14 Dec it even went above the 200 day moving average but alas it proved to be shortlived as it began to retace 61.8% of the swing (AB) , forming what is now apparent a potential inverse Head & Shoulders pattern.
As of now NVDA is trading above it's 200 day moving average again (a postiive) and a...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for CADCHF .
Which scenario do you think is more likely to happen? and Why?
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Like many stocks forming a base right now, NVDA is also a victim of false breakups and wild gyrations recently.
One may wait to test the next breakup (again) or alternatively, "buy the dips".
However we before we buy a dip, we want to check that the bullish bias for the stock is still intact, which is the case for NVDA right now:
1. pullback was within 38.2%...
The semicons have been rising quite steadily since hitting the lows in mid October.
NVDA has risen 63% from it's low in October and is now flirting with the 200 day Moving Average and a neckline resistence. Last Friday's candle was an inverted hammer which suggests it could consolidate below the neckline for a while more.
With overall market momentum lacking, we...
A potential inverse head and shoulders pattern on the chart (not the prettiest, but whatever) and on the RSI as a possible sign of a reversal.
Let's see if price can rise above the neckline around 415 HUF, if so:
Buy in: above ~415 HUF
TP: 433 HUF
Time interval ~1-3weeks
The European Commission has concluded that Budapest has not...
Chinese stocks have been on a roll recently due to a combination of factors:
1. the potential easing of their zero-covid policy
2. hope that the tensions between US and China could be thawing after the recentG20 summit
3. very attractive valuations
Preferably we wait for a breakup and a retest back towards the neckline and with higher lows in place. ...
After falling more than 80% from it's peak of 176.29 on 19 Nov 2021, SHOP began to range sideways since May 2022, forming a rounded base. There was an attempt break up the neckline @ 45.43 on 11 Aug 2022 but it failed after filling a prior gap that happened on 4th May.
It is now close to making another attempt at breaking up and there is a chance it could stall...