A technical approach that could change your trading game. The Double Bottom, a classic chart pattern, comes in the form of a "W" and signals a potential uptrend after a period of decline. This configuration is characterized by two hollows formed at the same level, indicating a solid support. A high accompanying volume validates the signal and often triggers a...
Rationale for Trade 1. Bounce from 30 EMA on Weekly 2. Resistance Turned Support (W) 3. FIB 0.5 Level 4. Retracement done on Very Low Volumes 5. TTM Squeeze and Shakeout on Daily 6. Broken 23rd Oct Selloff High 7. Fresh IV on 30th Oct 8. Very Strong RS
FX:GBPJPY GBPJPY broke key level of resistance. Anticipating a retest of key resistance turned key support to go bullish on GBPJPY.
FX:AUDUSD AUDUSD broke bearish structure, tested at resistance turned to support, bearish engulfing candle for a bullish setup
After rejecting from 654-656 levels multiple times, finally HDFCLIFE broke out with decent volumes. Could be bought with mentioned stoploss & target
$GOOG has a wonderful looking chart! We've had a former resistance become support, and now we're flirting with a potential breakout at the top of the channel! A break to the upside likely takes us up to 3035, while a failed break would send us back down the channel as observed before.
* Good earnings * Very strong uptrend since the 2020 crash * High 3-month relative strength in the Basic Materials sector * Breaking out of a ~9 month base with higher than average volume * Created a double bottom during the ~9 month consolidation * Second half of the double bottom can be considered a cup and handle pattern as well * Currently consolidating right...
EURCAD is in consolidation since 8/11 - 37days. TP1: 1.443 TP2: 1.450 TP3: 1.465 Remember about risk and do not overleverage your positions. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
MYX:AEMULUS Resistance turn Support Fast Turtle Buy FiFT BOD MCDX + Banker 38% Atom Turn Green
TPX made a base over base and broke out! Fundamentally, it's earnings and sales have been growing more than 30% quarter over quarter and is expected to continue growing. Technically, it's been in a range since March 2021. After the earnings report in July it broke out of the range and started consolidating above the previous range creating a base over base...
MIME broke out of the late 2020 to early 2021 resistance of $59.24. It has been beating its earnings expectations consistently with only a few misses and is expected to do even better in the coming year. Looking at the long term price action of MIME, it's on a steady up trend. I think MIME may consolidate a bit, testing the broken resistance as support, before...
CMCSA held broken resistance as support for two weeks. This also confirms the ascending triangle formation I mentioned a while ago. I placed a buy stop order at $59.80 with a stop loss at $57.44 and a target of $65.79.
XPO broke out of consolidation that dates back to June of 2021 and is making new all time highs. It's a good company that moves with the general market and is expected to do even better in the coming year. It recently broke the resistance range between $88 and $89.30 and has retested the upper bound as support. The next measured objective is $99.40 to $100.
CHRUSDT is testing Daily resistance after the price bounced on the weekly support. IF the price will have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. ...
TPX broke out after consolidation that was followed by a massive up trend since the March 2020 crash. * It has volume * It's making all-time-highs * It has momentum I think this can come back to retest the 40.45 area or consolidate above the breakout for a bit before moving higher. Final thoughts: * Look for buying opportunities in the $40.45 to $41.04 area *...
DXCM has been in consolidation over the past year and within that it's been forming a smaller range since Feb of 2021. The smaller range has broken out with a lot of buying pressure and is now testing the broken resistance as support. Three things make this breakout significant. 1. It broke out with a lot of volume 2. It's retesting the broken resistance of...
On the chart we see market indecisevness. Wtih some risks taken I see a possibility to go higher in price. Recent push in price met resistance and right now there is, accordingly to RSI drop, a reasonable expectation of a point-of-entry further . Spike in volume in that zone allows me to expect movement from the market. Strongly recommend to look for opporunity to enter.
MYX:MCT #MCT Stock Price Below 40-50 Sen so up or down 1 bid very volatile. Previous Resistance turn Support Turtle Ribbon :Fast Turtle Buy 🔷 Green Diamond Above FiFT Pro: BOD ⭐️ MCDX+: Banker 35% + Turn Strong Bull Trend Expert: Buy 🔺Blue Triangle Risk Around 10%