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Tripletop

Will META's bullish case continue with these headwinds? NASDAQ:META Meta's Resilience: A Bullish Case Amidst Market Turmoil While many tech giants face headwinds, Meta has been a standout performer. Despite the looming threat of a recession, I remain optimistic about the company's long-term prospects. Meta's AI-driven ad platform has proven to be remarkably sticky, even in challenging economic conditions. As businesses of all sizes continue to rely on targeted advertising, Meta's revenue stream is well-positioned for continued growth. Technically, Meta's chart is starting to exhibit signs of a potential pullback. A rising wedge formation suggests that a short-term correction may be on the horizon. However, I believe that strong support levels at $443, $412, and $384 should provide ample opportunity for investors to accumulate shares at attractive prices. If the market takes a significant downturn, I'm confident that Meta's underlying fundamentals will support a recovery. In such a scenario, I would view a dip below $275 as a compelling buying opportunity. Disclaimer: This is not financial advice. Always consult with a financial advisor before making investment decisions.
NASDAQ:METAShort
by Average_Joe_Options
2
Gold Analysis==>>Triple Top PatternGold could NOT make a new All-Time High (ATH) on the third attempt and started to fall again, forming a triple-top pattern . Also, Regular Divergence (RD-) between Three Tops . I expect Gold to break down to at least the Support line . Note: My previous post about gold is still valid, and my stop loss (SL) was $2,530😎. Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
2
Triple Top Breakout - RECLTD 📊 Script: REC 📊 Sector: Finance 📊 Industry: Finance - Term-Lending Institutions Key highlights: 💡⚡ 📈 Script is giving breakout of Triple Top pattern of daily chart with volume. 📈 Today was the result date and numbers are pretty good. 📈 Trading at upper band of Bollinger band and giving breakout of it. 📈 MACD and Double Moving Averages are giving Crossover. 📈 RSI is around 70. 📈 Initially we may see some profit booking because stock was up almost 10%. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 507 🟢 Target 🎯🏆 - 551 ⚠️ Stoploss ☠️🚫 - 488 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:RECLTDLong
by radha_23
4
This could be the beginning of a monster moveTriple top is forming out, the pair it's been rejected from the 1.339 resistance. It totally makes sense. Oil just hit bottom (I think) and the CAD is correlated with it. So oil will go up and CAD will follow. On the other side the USD is getting weaker due the FED policies. The only problem is that key support. I have a feeling that is not going to hold much time. Maybe a couple of weeks. I'm jumping in and I'll add if the support is broken. It will be a jumpy ride but the reward is huge.
Short
by ArturoL
🚀 NEO: Breakout from Weekly Pattern 🚀NEO, in a pivotal moment, grapples with a substantial weekly imbalance, acting as a steadfast barrier to further upward movement. Traders are eagerly eyeing the potential for a breakout, especially after three resilient tests of this crucial level, suggesting the emergence of a genuine upward surge. 📈 Key Observations: 💡 Formidable Weekly Imbalance: NEO contends with a significant weekly imbalance, serving as a robust resistance to sustained upward momentum. 📊 Technical Analysis and Pattern Recognition: 🔄 Triple Test Dynamics: NEO's market dynamics involve a thrice-over testing of this pivotal level, indicating a persistent struggle against formidable resistance. ☕ Cup and Handle Pattern: The repetitive testing of the weekly imbalance draws parallels with the formation of a substantial cup and handle pattern, a classic indicator signaling a potential bullish breakout. 🔮 Anticipating a Breakout: 🎯 Third Time Charm: The third test of this critical level is poised to act as the catalyst for a genuine breakout to the upside. 💼 Strategic Implications: 🚀 Potential for Upside Momentum: Traders and investors are closely monitoring this potential breakout, envisioning a shift in market dynamics and the initiation of sustained upside momentum. 📝 Conclusion: NEO's current position, marked by a resilient struggle against a significant weekly imbalance, suggests the potential for a breakout. The recurring dynamics, akin to a cup and handle pattern, amplify the anticipation of a bullish shift, with the third test of the crucial level holding the key to NEO's future price action. 🚀 Unlock my 3 crypto trading indicators for FREE! 🚀
by AlexWhale
KSMUSDT Alert: Triple Top Signals Trend Shift📈 Overview: Despite a bullish trend, KSMUSDT faces challenges with a triple top formation and a bearish divergence. The recent establishment of the first lower high (LH) adds to concerns. 📊 Technical Signals: Triple top formation, LH, and bearish divergence indicate potential weakening in the bullish momentum. 📉 Trade Strategy: Traders should exercise caution. A break below the last low may trigger a short position, with a predefined take-profit level. 🛑 Risk Management: Implementing stop-loss orders is crucial to manage risks in the face of a potential trend reversal. 📉 Conclusion: Monitor KSMUSDT closely for a break below the last low, signaling a possible trend reversal and offering a trading opportunity on the downside.
Short
by miansarimhameed
1
CHFJPY: Uptrend Faces Risks - Short Opportunity on the Horizon📈 Overview: CHFJPY's uptrend encounters challenges with a flat top, bearish RSI divergence, and a bearish market sentiment above 90%. The neckline break signals a potential shift. 📊 Technical Analysis: Flat top, RSI divergence, and neckline break indicate a possible reversal in CHFJPY's upward momentum. 📉 Trade Strategy: Traders may consider a short position near the 0.236 Fibonacci level, aligning with the technical signals and bearish sentiment. 🛑 Risk Management: Implementing stop-loss orders is crucial to manage risks during potential market reversals. 📉 Conclusion: CHFJPY presents a short opportunity as technical signals and market sentiment point towards a potential downturn. Exercise caution and employ risk management strategies.
Short
by miansarimhameed