MOTHERSON LONG9 year consolidation need confirmation of break and close above 126 for continuation towards TP1 and beyond.
Auto sector has been doing very well and i expect it to continue for a while. lets see where this takes us.
Accumulation
medico intercontinental ltdstock is being accumulated between 114-6 one can consider it for long with there own stop loss and target it can give spike move probably. its is for education purpose only.
Bottom Formation with Dark Pool Buy Zones: DISNYSE:DIS reports earnings next week and is attempting to complete the bottom formation that started last summer. The stock must now sustain above the bottom completion level at $95.
Even though the market is over-speculating many index components, this stock is more likely to have sideways trends or platforms if the price holds above the new support level to complete its bottom.
Dark Pool buy zones are evident within the bottom formation, providing fundamental and technical support.
JINDAL DRILLING LONG 15 year breakout.. 2008-2023... expecting it to retest 595 may or may not happen.stock looks bullish.. #DYOR
WYCKOFF - A BITCOIN MOVE I have been trading this Macro pattern since before 2023 started, with the knowledge of the TRICH matrix (A Investment cycle theory invested by George Tritch) that stated that the time to buy Assetts due to the beginning of a new cycle. This cycle comes to a head in 2026.
Therefore with ths knowledge accumulating BITCOIN due to its performance history was the best approach. Here we can see the Pattern playing out perfectly, and where the 'current' position may be.
Additional to that, is recently the way 'MEDIA' trys to manipulate markets, especially retail into providing liquidity aka 'Dumb money'.
[ETH/USDT] Confirmed accumulationAfter the breakout of the trading range with strong volume indicating presence of a bigger demand, now we are at the level of testing the resistance in the Wyckoff literature this is called jump across the creek which is a higher low above the trading range now our bias is 100% confirmed
Bitcoin Vertical Accumulation? Appears so..Bitcoin appears to be in vertical accumulation currently within this ascending range.
Prices continues to respect the range lows and continuously grinding up.
Hold the range and 55k is is likely.
Consider the upcoming ETF announcement, stay vigilant.
Cheers,
Vatsik
[BTC/USDT] Potential accumulationsince Dec 5th 2023 bitcoin has been in a trading range sometimes even creating new higher highs (45879 high) but no follow through until Jan 3rd market did the strongest down move with the biggest volume signature but the result of it was not that bearish since it closed near it's high that, that move made me think that the market is still supported by buyers and therefore a potential accumulation
[ETH/USDT] Potential accumulationSince Dec 9 ethereum has been ranging providing no clear direction until Jan 3 where extremly high volume attempt to break the low of Dec 18 but with a increase demand coming in and close insinde of the trading range for me this was my confirmation of a potential accumulation if the biggest volume ever since Aug 2023 could not take the market lower then we have a strong demand holding the market
Bullish Livermore Accumulation Cylinder on ZapexLivermore accumulation cylinder forming on the Zapex chart. You can clearly see the widening mouth pattern where price moves back and forth between the two nonparallel lines. Currently at only about 1 million market cap this CEX/DEX Aggregator looks like it is about to explode to the upside.
Gnosis - GNO Retrace after PumpOutside side of black swan I think we can see a common 50% retrace of the move (170-180) range. If there is some bearish news/narrative we could see a more aggressive move downward, and if the pre/post having black swan event happens like it did in 2020, 2016, and 2012 then we could see a revisit to the low 100's to 90's but thats a bit of a hopium.
Plan -
Small amounts and DCA in 170 range or lower
Increase DCA amounts anything under 125
Anything sub 95 deploy all allocated capital.
ATA/USDT 1D. Basic trend. Secondary + local. Harmonic pattern. ATA/USDT 1D. Automata Network.
In the secondary trend descending channel is forming(taken from weekly). The large and the small(the inner - more liquid - channel).
Right now the price is trading near the support of the inner descending channel.
Notice, that in the beginning of forming of this big channel volume has been accumulated. Shown on chart.
Then the harmonic bullish pattern has form. Now the price in the final accumulation stage.
Check out the false start which took a place just recently. Dumped with the market.
Very huge probability it will continue to pump. Just not the right time right now.
Locally we're in the descending accumulation channel, similar to APE idea i shared recently.
Also check out the volume entering recently. First target will be 0.12$ zone. Then 0.15$.
If the price dumps(market dumps) we can reack 0.06$ zone which is classically a bottom zone for cryptocurrencies(666).
BTC / Bitcoin scenario for 2O23 💥We started bullish in 2023, I am waiting for continuation move upside, we have external liquidity on 32,4OO$ and flip zone with imbalance 37,OOO$ -- 48,OOO$, also that zone was manipulated. Now I want price to leave liquidity on 26,4OO$ and lower and go higher, it will be target on Q3/Q4 2O23. Also I think we are in a big accumulation stage and next bullrun will happen in 2O24-2O25
Bitcoin Distribution I aim to articulate the discernible trends depicted on the chart. Numerous trendlines can be observed in the historical movement of Bitcoin, with a notable convergence anticipated within the green-highlighted zones by 2024.
I anticipate the current distribution pattern to undergo a resolution downward, culminating in the formation of a plateau. This plateau may signify a potential period of financial relaxation in the near future.
Noteworthy points include the outcomes of yesterday's closed meeting with the leaders of BTC ETFs, which did not yield substantial price movements in an upward direction. Volatility, indicating a more accelerated position, leads me to consider the first two weeks of 2024 as a critical timeframe for resolution.
Dark Pool Buy Zones for Trading Momentum or VelocityDark Pool buy zones, identified with Relational Technical Analysis of the candlestick patterns and where they form in the long-term trend, along with indicators that reveal large-lot activity, are the key to preparing early for momentum to velocity runs for swing trading, position trading and even for planning long-term investments.
NYSE:CHWY is working on a bottom, finally basing and now starting to test the bottom completion level. This can be a strong resistance level where Pro Traders who started a swing trade from the lows are likely to take profits.
Often we see a sideways action develop at this level, the lows of which are usually confined by the support level built on the way up.
This would be the level to watch for the next buy entry signal. If it consolidates narrowly or briefly, then there is potential for a momentum swing trade. If it platforms a little wider but within the last support level, then a position trade entry can develop.
Unlocking Potential: EURGBP's Consolidation and Bullish MomentumIn the current market scenario, the EURGBP pair appears to be undergoing a phase of consolidation following a preceding downtrend. The price action is forming a discernible flat bottom, a pattern indicative of accumulation, further complemented by a bullish divergence observed on the Relative Strength Index (RSI).
Should the price breach the defined entry point, the imminent breakout could propel the currency pair upwards. Notably, the overall market sentiment stands at an overwhelmingly bullish 96%, adding a reinforcing element to the potential upward trajectory.
GBPUSDAs a student in the financial markets, learning about the market is interesting and it's a long journey to begin with. GBPUSD having a accumulation, manipulation and now waiting for a distribution. Will GBPUSD make a move early next year along side with USA rate cuts? Let's see what year 2024 lead us to
I don't post much as I'm not a signal provider nor a financial advisor. But one thing is that learning how the market behaviour, reactions and structure, it's simply interesting to me. If you have any thoughts on GBPUSD, let me know down the comment area, let's discuss about it.
This will be my last post and trade of the year 2023 holding it till next year 2024. Wishing you guys out there trade safe and happy new 2024.
Boeing Stairsteps for Swing TradingNYSE:BA has the most powerful and longest momentum run of all of the 30 Dow components. The company reports earnings on January 24th and the run up implies that the 4th quarter is likely to be better than previous quarters in 2023.
This stock has moved strongly since the bottom in November and has been able to pattern out some of the speculation with stairsteps to keep the run moving upward beyond the resistance level of its range trend.
Some of this movement upward is ETF developers building more ETF units for certain industries and corporations.
Profit-taking is likely soon for this swing trade as it nears the long-term resistance at the 2021 highs. However, there is now support from the range of the August highs.
SHIB/USDT 1D. Current situation. Triangle. Breakout. Mems pump.SHIBA INU/USDT 1D. Daily chart. Middleterm trend - horizontal channel.
Price is now being in the support zone of this channel. Symmetrical triangle formed.
Price now broke out the resistance of this triangle. Accumulating as for now. Other memes are pumping one after another.
Those coins often pump before market local correction. This one highly connected with doge, as the main memcoin.
This, as the one of the most liquid, will likely pump the last(for example, now LADYS is pumping).
Triangle has been forming for more then 300 days. Now broke out. Price is a bit higher than the previous accumulation zone(2021), after which there was pump.
This idea is mostly for price monitoring and understanding what's happening on the coin.
It's also very important as to count with enormous pump from the bottom(ain't seen on the chart).
Swing Trading - Concept of Accumulation and Distribution Following stocks have been discussed in the video
1. HG Infra
2. NFL
3. SPIC
Accumulation - Is always found on downside and any breakout may give 8-14% returns in short trade
Distribution - Is always found on top from where the price may reverse to downside
This video is made only for educational purpose. Do your own study before taking any trades.
NEGG 3 day tweezer volumeNEGG here, 3-day chart showing tweezer volume, look to accumulate in and around $1.00. Three potential targets labeled.
Toll Brothers Inc. ($TOL) AnalysisSector: Consumer Cyclical - Residential Construction | Country: USA
Company Overview:
Toll Brothers Inc., a key player in the consumer cyclical sector, specifically residential construction, holds a significant position in shaping the real estate landscape in the United States. Known for its innovative approach and commitment to quality, Toll Brothers Inc. plays a crucial role in the dynamic and ever-evolving construction industry.
Performance Metrics:
NYSE:TOL demonstrates robust signals and compelling performance metrics within the wide-net screening, indicating its potential for growth and resilience in the residential construction sector.
Relative Strength: NYSE:TOL exhibits a remarkable relative strength, boasting a score of 7.8 against its sector and 4.53 against the S&P500. This suggests a notable outperformance, underlining its competitive edge and market strength.
U/D Ratios: With U/D ratios standing at 1.0 (50 days) and a strong 1.69 (15 days), NYSE:TOL showcases positive market sentiment, emphasizing recent bullish activity and supporting a favorable outlook.
Detected Base Depth: A substantial detected base depth of 22.4% positions NYSE:TOL strategically, indicating a solid foundational level and potential for significant upward movement.
Price Dynamics:
The last closing price's slight deviation of 4.53% from base resistance suggests a favorable positioning, indicating potential for a breakout.
Robust volume, standing at 71.73% above the 15-day average, indicates heightened investor interest and active participation, contributing to positive market sentiment.
Recent candlestick patterns reveal a 0.24% range in the last candle body and a solid 69.0% closing range, indicating recent price stability and a strong closing stance.
Short-term Trends:
Over the last 10 days, NYSE:TOL has experienced rising prices, accompanied by increasing volume and accumulation. This alignment suggests a bullish sentiment among investors, supported by short-term positive trends.
EMA Analysis:
Historical EMA patterns indicate that NYSE:TOL typically encounters local tops when the price closes around 55.89% above its 50-day Exponential Moving Average (EMA). Currently, the last closing price is 9.04% away from the 50 EMA, providing insights into potential correction levels.
Trade Idea:
With an entry point set at $87.31, the trade idea presents an opportunity aligned with current market dynamics.
A disciplined stop loss at $83.82 mitigates risk at 4%, adhering to prudent risk management principles.
The trade targets an attractive 11.66 Risk-Reward (RR) ratio, with a target price of $128.03, anticipating a total profit of 46.65%.
Conclusion:
Toll Brothers Inc. ( NYSE:TOL ) emerges as a strong contender in the residential construction sector, supported by impressive relative strength, positive short-term trends, and insightful EMA dynamics. The proposed trade idea aligns with a base breakout strategy, presenting an attractive risk-reward profile for investors seeking opportunities in the dynamic realm of residential construction.
