Tesla - Indecision with the triangleNASDAQ:TSLA has been consolidating for almost 4 years and is definitely ready for a breakout!
+3.300% was the previous rally on Tesla which started back in 2019. But at the moment Tesla is not looking bullish whatsoever, considering that Tesla is trading at the same level as it was about four years ago. However, there is a long term descending triangle formation forming and therefore it is quite likely that we will (soon) see a breakout, either towards the upside or towards the downside.
Levels to watch: $210, $120
Keep your long term vision,
Philip - BasicTrading
#continuationpattern
ETHUSD: Thoughts and Analysis Today's focus: ETHUSD
Pattern – Continuation
Support – 2878 & 3060
Resistance – 3150 & 3315
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at ETHUSD on its daily chart.
Do we have a continuation confirmation? Firm buying continues to push that case as the price continues to track higher today. Do you agree with our top-down analysis?
Watch out for any new push lower that moves back to support. This could be a warning that buyers don't have the number just yet.
Good trading.
Mastering High Probability Trading EnvironmentsIn this educational video, we'll delve into High Probability Trading Environments and introduce a simple yet effective concept to confirm their presence . Understanding these environments will empower you to confidently navigate the market with consistency and success.
For a comprehensive understanding, I recommend watching my previous video on Understanding Trend Analysis, SMT, and ICT Concepts below.
If you have any questions, feel free to leave them in the comments section.
Happy trading!
The_Architect
Understanding Trend Analysis, SMT and ICT ConceptsIn this video, I'll delve into the concept of Institutional Market Structure, a vital tool for trend analysis. Specifically, we'll explore the Smart Money Tool/Technique (SMT), which provides insights into whether a market will continue its trend or potentially reverse. Understanding these concepts is crucial for effective trading strategies. Sit back, relax, and enjoy the video!
Please do leave any questions in the comment section if you have any.
Kind Regards,
The_Architect
Latentview : Symmetrical WedgeAfter hitting all three of our previous targets the NSE:LATENTVIEW is currently exhibiting characteristics of a symmetrical wedge pattern, indicating a potential period of consolidation and indecision in the market. A symmetrical wedge pattern is identified by two converging trendlines, both sloping inwards. This formation signifies a period of decreasing volatility and tightening trading ranges as the highs and lows of the price action gradually converge. The symmetrical wedge pattern is considered a continuation pattern, implying that the prior trend, in this case, the prolonged upside run, could resume after the pattern's completion.
Breakout Strategy:
To effectively capitalize on this pattern, traders should exercise patience and wait for a confirmed breakout from the symmetrical wedge formation. A breakout occurs when the price decisively moves above or below one of the trendlines, accompanied by significant volume, signaling a shift in market sentiment.
Confirmation and Risk Management:
It's crucial to wait for confirmation of the breakout and avoid preemptive entries. Additionally, traders should implement proper risk management techniques, such as setting stop-loss orders to mitigate potential losses in case of a false breakout or adverse price movement.
Conclusion:
In summary, the formation of a symmetrical wedge pattern after a long upside run on the NSE:LATENTVIEW chart suggests a period of consolidation and indecision in the market.
CMDX's Epic Breakout: From Falling Wedge to Sky-High Targets! 🚀CMDX/USD: Navigating the Breakout and Continuation Patterns
CMDX/USD Technical Analysis Overview:
In a striking turn of events, CMDX/USD has shattered its major falling wedge structure, signaling a bullish momentum that has caught the eye of many traders. Following this breakout, CMDX/USD is currently crafting another continuation pattern, reminiscent of a falling wedge, suggesting that the bullish narrative is far from over.
Key Fibonacci Retracement Levels to Watch:
As CMDX/USD carves its path upwards, the Fibonacci retracement levels offer significant take-profit zones that traders should monitor closely:
Initial Target Zone: The $.085-$.10 region, correlating with the 38.2% Fibonacci retracement level, serves as the first major area where traders might consider taking profits.
Midway Point: Progressing further, the $.19-$.20 range aligns with the 50% retracement level, marking a critical halfway point in the asset's recovery journey.
Higher Ambition: For those with a more bullish outlook, the $.55-$.88 zone, matching the 78.6% retracement level, presents an ambitious target, hinting at a strong bullish conviction.
Ultimate Targets and Price Discovery:
Top of the Wedge: The apex target at the top of the wedge stands at $2.70, a level that would not only confirm the strength of the current trend but also set the stage for potential price discovery.
Beyond All-Time Highs: Should CMDX/USD venture into uncharted territories beyond its all-time high, the $9-$11 range emerges as the grand 1.272 Fibonacci extension level, offering a glimpse into the asset's long-term potential.
Timeframe and Strategy:
This unfolding scenario might span several months, urging traders to adopt a blend of patience and vigilance. Keeping a close eye on volume, market sentiment, and related macroeconomic factors will be crucial in navigating this journey.
Conclusion:
The CMDX/USD pair is painting a bullish tapestry, marked by breakout and continuation patterns that beckon traders with a long-term vision. As we traverse these Fibonacci landmarks, the journey promises to be both exhilarating and testing, with the ultimate prize lying in the mastery of timing and strategy.
Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Always conduct your due diligence and consult with a financial advisor before making investment decisions.
NDQ100 (Nasdaq) Thoughts and Analysis. Today's focus: NDQ100 (Nasdaq)
Pattern – Continuation (Bullish)
Support – 17,804
Resistance – 18,047
Hi, traders; thanks for tuning in for today's update. Today, we are looking at NDX100 on the daily chart.
Today, we are asking if the NDX100 index will contnue to move higher after putting up several key price action points. Have buyers set the tone for a new extension higher? A main point for us will be that price remains above resistance. We have also run over a few warning signs if sellers start a new push lower.
Good trading.
AUDUSD 0.66023 -0.13 % SHORT IDEA MTF BREAKDOWN 🐻🐻📌HELLO TRADERS
Hope everyone is doing great 🛑
A look at AUDUSD ahead of the WEEK 📌
LET'S LOOK AT THE DAILY DXY
DXY D TF
* Looking at DXY from the DAILY TF we see a break BELOW (SSL) which are Monday lows.
* Swept SSL but traded back into the range with some bullish momentum.
* If we see momentum back into the range i would be looking for long.
* Looking for long on the DXY because we do not have a bearish body closure.
* & we are still in an indecisive state, in wick city as well.
AUDUSD DAILY TF
* On the DAILY we are trading from IRL in a bearish FVG.
* We have a DRAW IN LQ in the form of equal lows ERL .
* looking for some retracement into PD ARRAYS ( FVG + OB & balance price range)
* & should they hold looking for continuations with the bears.
* Violation of the FVG signals bullish momentum and some confirmations that invalidates the trade.
AUDUSD 4H TF
* Looking to take BSL.
* This will possibly be signaling a bearish week ahead.
* Sweep of BSL and trading back in the range.
1. IRL - ERL
2.Looking for LQ RUNS.
AUDUSD 1H TF
* We are range bound on the HOUR TF
* looking for SHORT entries.
* Possible retracement before continuation.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
SPX into 2024G'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video - please listen again incase any detail is missed.
Daily Chart
Weekly chart
Monthly
Do you enjoy the setups?
Professional analyst with 7+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXIII
ORCL Textbook Bull Pennant Coincident With Index Support CatchORCL Upside break-out of a Descending Pennant.
Some things to note:
Hold of 50 EMA within the pattern
High volume entry into the pattern with descending volume throughout
Notable pickup in activity on the upside break
MACD Cross coinciding with break
Throwback following the upside break that tracks along the upper bound of the pattern and is halted at the 50 EMA
Measuring Implications for the pennant begin with a break out of a previous resistance to the top of the minor move that begins the pattern. The resulting move applies this distance to the beginning of the breakout of the pattern.
I have marked and color coded two potential areas to take into account when measuring for price targets, and marked volume POI's to justify those as start-points for their measuring.
PT1: 164
PT2: 143
SL: 50 EMA Break-down
Some other things going on that I observe:
SPX, DJIA, IXIC bouncing following minor (representing trend, not magnitude) decline
VIX 200 EMA rejection. Still cemented below 20 for now.
This analysis is for future price implications of ORCL.
I currently hold a position entered on AUG16.
Feel free to reach out for questions, including a review of a textbook pennant.
Manage Risk
Only invest what you are willing to lose
I warrant that the information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
Lesser Long PositionKing W. Harbmayg's Journal Entry #
Lesser Position
1. Pair & Position:
USDJPY— 1:5 RR
Long—
according to the Harbmayg Schematic, the market has successfully:
a. aligned with the daily template,
b. printed confirmation structure,
c. printed the inversion candle
2. Performance: (1 out of 5)
Confidence— 4
Discipline— 4
Execution— 5
$ALTO Bull Flag Formation After Wedge Break! 🚩🐂Hey traders! 👋📈 I've identified a compelling bullish setup on NASDAQ:ALTO that I wanted to share with you. It appears to be forming a bull flag pattern after a successful wedge break on the monthly timeframe, indicating potential upward momentum. Let's dive into the details! 📊💡
🔍 Symbol: NASDAQ:ALTO
📅 Timeframe: Monthly
📉 Previous Pattern: Wedge Breakout
📌 Bull Flag Formation:
After breaking out of the wedge pattern, NASDAQ:ALTO has been consolidating within a tight range, forming what looks like a bull flag. The flagpole represents the initial strong upward move, while the flag itself consists of parallel trend lines, indicating a temporary pause before another potential leg up.
📈 Entry Trigger:
To validate the bullish scenario, we'll need to see a clear breakout above the upper trendline of the bull flag formation. This breakout should be accompanied by increased volume, signifying renewed buying interest. Consider setting an entry trigger above , confirming the continuation of the upward trend.
🎯 Target Levels:
Based on the height of the flagpole, we can project a potential target for the next leg up. Measure the distance from the bottom of the flagpole to the breakout point and add it to the breakout level to estimate the target. Keep an eye on as potential price objectives.
⚠️ Risk Management:
As with any trade, it's crucial to manage risk effectively. Consider placing a stop-loss order below the lower trendline of the bull flag or at a level that aligns with your risk tolerance. This way, you can protect your capital in case the pattern fails to play out as expected.
Remember to conduct your own analysis and adjust your trading strategy based on your risk profile and market conditions.
📊 Hashtags: #ALTO #BullFlag #WedgeBreakout #TechnicalAnalysis #TradingView
Please note that this analysis is based on technical analysis principles and should be used as a starting point for further research. Keep an eye on price action, volume, and any relevant news that could impact the trade.
Happy trading! 📈💰
Disclaimer: This is not financial advice. Trading involves risks, and you should only trade with capital you can afford to lose. Always consult with a professional financial advisor before making any investment decisions.
NZDUSD- 60 MINS TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
$ISV - Breakout play for +10 to 30% Technical Analysis (TA)
The monthly and weekly was oversold and price pushed higher with significant momentum after a consolidation phase.
Retracement to $25 is expected However, the push to $30 would require catalysts to increase momentum.
We could hit $25 and then come back down or go through another consolidation phase before further upside to $30.
Price Target
Entry: $22-$23
Target 1: $25
Target 2: $30
LYFT continuing a BreakoutLYFT beat earnings by 4X this past week and so brokeout.
On the cloud indicator, the conversion line has diverged above
the baseline.
LYFT could be watched for breakout continuation.
The Awesome Oscillator and VWAP Oscillators validate the breakout,
Added to watchlist for Monday, Aug 8th
Plan to check UBER. NASDAQ:LYFT
$ITV - Continuation swing with +10% to +40% upsideTechnical Analysis
Price bottomed out 3 weeks ago and the RSI + William %R
Price broke out the daily channel last week and has been consolidating above the 1D 50EMA. There is a good zone to buy before a further push above 76 and potentially 90
Price Target
Entry: 71-73
Target 1: 76 (+5%)
Target 2: 88 (+20%)
Analyst Targets: 101 (+40%
Financial Metrics
High quality as shown by the financial metrics. Undervalued with high upside/growth potential.
$MSFT - Weekly support and continuationTechnical Analysis (TA)
Monthly oversold and Williams %R showing signs of a reversal.
Weekly MA's resistantce broken and held key 100MA as support. Needs to break Monthly 10EMA to show upside momentum.
Price Target
Entry : $281
Price Target 1: $315
Price target 2: $350
Fundamental Analysis (FA)
Strong Quality Screen and metrics.
Possible bear Pennant?Possible bear pennant formed running into the curved resistance down to the .886 from the Covid crash low. We'll see if it follows through.
DISCLAIMER: I do NOT offer financial advice. I am not a financial advisor. The content is for educational purposes only. YOU are responsible for your own investment decisions.