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Roundingbottom

TSLA: These patterns could trigger a Reversal!Hello traders and investors! Let’s see how Tesla is doing today! First, in the 1h chart, we see something that could look like a Round Bottom , which is a pattern that I don’t like to trade. It seems we never know we are doing a Round Bottom for sure, until the pattern is almost done. Either way, the $ 645 was the Key Point , as we discussed in our last study (link below). Now that Tesla is trading above it, we may see a pullback to this level again, which is quite close to the 21 ema as well. This movement would be natural and wouldn’t ruin the bullish bias seen here in the 1h chart. Now, let’s see the daily chart: Ok, Tesla didn’t trigger the Piercing Line pattern we discussed last week. But today it triggered yesterday’s Bullish Engulfing , which is a good buy sign. The volume seems to be increasing again, but there’s one problem. The 21 ema is here to offer a resistance. But if everything moves according to this Multi Time Frame Analysis ( MTFA ), the 21 ema in the daily chart could be the perfect excuse to TSLA drop to the support level we mentioned above, in the 1h chart. This could create a complete bullish structure and make TSLA reverse the bearish bias. Let’s see how TSLA will behave now, and if you like this analysis, remember to follow me to keep in touch with daily studies! And remember to support this idea with your like before you leave! Thank you very much!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
Ada rounding up!Ada seems to want to form a pattern that also appears in other Altcoins. Waiting for the confirmation of the take-off line may be the best strategy to enter the possible rush. For now you can also settle for the pattern I have drawn or try your luck with some more risk. In any case, the choice how taking action with your money is up to you... because my opinion can never be an invite to invest or risk your capital but only what i think. The best of luck!
BINANCE:ADAUSDLong
by JokerIII
3
ISGEC - Weekly chart - Rounding BottomThis analysis is done purely on basis of price action and chart patterns. The analysis is done on weekly TF hence it can take couple of days to couple of weeks to reach the target. Logic, SL and Target is shown in image itself. Also important levels are marked in the chart and one can see how price has respected those levels. To understand how rounding bottom gives huge moves on breakout on all timeframes, check the analysis of HDFCAMC (15 minTF), DHANUKA (Weekly). Also, check the chart of PAGE INDUSTRIES (Monthly) for more understanding. Rounding Bottom in PAGE INDUSTRIES This analysis is for study purpose. ISGEC is a Heavy Engineering Company having two segments i.e. manufacturing of machinery & EPC. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management. Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis/Chart Study
BSE:ISGECLong
by AdityaKarn90
1