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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.
NYSE:BA
by MarthaStokesCMT-TechniTrader
EUR/AUD ↗️ Long Trade Setup ↗️Hello Everyone 🙋🏽‍♂️ Double bottom 🟠 EP 1.63599 🔴 SL 1.62848 🟢 TP1 1.64350 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 1.65101 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 1.65852 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Long
by EMA_Trading
1
Swing Trade Patterns: $NKE ExampleNYSE:NKE stock has a 2-day resting pattern and then a candlestick buy entry signal that is slightly longer than its average price gains in a single day. Most Volume Oscillators are not at the top of the chart yet. Flow of funds indicators indicates money flowing into this stock. The higher line is the bottom completion level for this short-term bottom. The resistance is moderate for a swing trade, but the stock could break through if momentum to speculative buying continues.
NYSE:NKE
by MarthaStokesCMT-TechniTrader
Spot A Reliable Bottom Pattern 👀Hi Traders, Investors and Speculators 📉📈 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 Are we there yet? Are we THERE YET? Now? How about NOW ?? We can't help it - towards the end of a bearish cycle, we're all wondering - when are we bottoming? In today's chart, I've pulled up a few of my favorite candlestick patterns and chart patters. I find these especially useful in higher timeframes. And yes, there are MANY MORE. These are just some of my favorites. These patterns are what I will be looking for in this part of the cycle (accumulation phase). During this part, there can be lot's of foul play, noise, shakeouts etc. I personally won't be convinced of a reversal until a clear pattern can be observed. While you're here 🖐 Want to know a little more on how to do distributed entry's / dollar-cost-average? See HERE: _________________ 👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎 👍Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
28
Bitcoin's - not so - Unexpected Rally: Two Patterns, Two TradesDear Esteemed TV Members, B efore diving into the Bitcoin price analysis, it's crucial to emphasize that price alone doesn't tell the whole story. A bullish price forecast doesn't automatically translate into a secure investment. I want to clarify that I recently sold most of my BTC holdings due to liquidity concerns. The crypto market can be unpredictable, and a substantial increase in demand, which we witnessed, can lead to liquidity challenges. It's essential to consider various factors when making investment decisions. Let me share my insights into BTC's price and what indicators hinted at the recent developments on the chart. T he two positions on the chart are the pattern indications we'll focus on in this tutorial. I'll highlight two patterns that foretold BTC's bullish trajectory, but please note that other patterns and indicators could have pointed in the same direction. These are just two examples that caught my attention. Rounding Bottom L et's start with the first position, a trade from October 14th to October 24th, aptly named the Rounding Bottom. As the name suggests, this pattern resembles the lower half of a circle or an oval. Rounding Bottoms typically emerge after extended bearish trends. In bearish trends, bearish candles tend to outweigh the bullish ones, leading to increased volatility. The heightened volatility often results in corrective bullish candles that might surprise inexperienced investors. Many people mistake these bullish candles for a full reversal or overextend their positions. However, it's essential to remember that strong trends, whether bullish or bearish, can be quite volatile. S trong trends also tend to form bottom formations. While these bottoms can take various shapes, the Rounding Bottom is the focus here. One insight to observe is the decreasing candle sizes. After October 11th, the volatility decreased, leading to both smaller bearish and bullish candles. It indicates a change in the trend, though not necessarily a bullish one. A nother critical aspect to consider is decreasing volume. Reduced volume doesn't automatically signify a reversal. Bottom formations can include scenarios where the volume spikes before a sharp price increase. However, the decreasing volume in this context indicated a shift. I n addition to reduced volatility and volume, the candles started to form the characteristic oval structure. The price also stabilized on multiple Exponential Moving Averages (EMAs). To identify the pattern as a Rounding Bottom, I had to monitor the candles for a few more days, relying on not only their appearance but also considering volatility, volume, liquidation data, and EMA analytics. T he Rounding Bottom aligning with these indicators provided a degree of confidence in its bullish nature. However, the job was far from done. My initial target price was set based on a resistance trendline drawn from previous local tops, depicted on the chart in purple. AI analysis indicated that the price was likely to reach at least this level. Indeed, it did, and while the rally could have concluded there, the absence of clear top formations and the price stabilizing above EMAs 20, 50, 100, and 200 prompted me to keep the long position until October 24th. Broadening Wedge D uring this period, my pattern recognition algorithm identified a signal of a different formation between October 24th and 27th, a Broadening Wedge. Now, a different formation doesn't necessarily signify a reversal. Broadening Wedges often indicate an escalation of the existing trend, which, after the Rounding Bottom, had been bullish. This aligns with the general behavior expected in textbook examples. B etween these two long positions, there's a notable period where I refrained from taking a position. I also closed any existing positions due to the limited number of candles to identify any pattern with confidence. It's important to note that the more time you can observe a pattern forming, the higher the probability of getting it right. Jumping to conclusions based on just a few candles might lead to incorrect assessments. I n both the Rounding Bottom and Broadening Wedge, I excluded numerous other patterns. When analyzing the market, it's vital to exclude multiple possibilities before settling on a particular pattern. This increases the chances of accurately identifying the pattern in question. T his tutorial offers insights into pattern recognition, target price setting, and stop loss selection. However, remember that these are potential approaches to expand your understanding. Historical results don't guarantee future results. While these patterns proved helpful in this instance, other investors might have identified different patterns leading to similar or even better outcomes. "Too long to read, but I want to learn" tl;dr I found a Rounding Bottom, then a Broadening Wedge. Rounding Bottom shifted the trend from bearish to bullish, and Broadening Wedge continued the bullish trend. It's only a short-term insight from the past and doesn't necessarily reflect my long-term view about the asset or any future view. Kind Regards, Ely
BITSTAMP:BTCUSD
by Elysian_Mind
📉 The Tightening MA 100 and MA 200: A History of Bull Markets Cryptocurrency markets have an intriguing history of patterns and cycles. Many traders have observed a notable sign that often heralds a bull market: when the Moving Averages (MA) 100 and 200 start to converge. This historical market indicator is back in focus as recent market conditions have seen these moving averages constrict. The Significance of Moving Averages: Moving Averages, particularly the MA 100 and MA 200, are essential tools in technical analysis. When these two indicators converge and approach each other, they often create a technical event called a "golden cross." This suggests an impending shift in market sentiment from bearish to bullish. Contraction as a Prelude to Expansion: Notably, this time around, the market displayed an even more compelling scenario. Not only did we witness the MA 100 and MA 200 coming close, but we also saw a dip below these averages. This event created a historical context where traders had to navigate the market under the MA 200, which was followed by a swift recovery. The Essence of Challenges: In the world of trading and investing, it's essential to remember that difficult times often cultivate the strongest individuals. These challenges, which include price volatility, market manipulation, and psychological pressures, help shape resilient and knowledgeable traders. Trading Strategy: Preparation for the Future: Traders are increasingly vigilant of the MA 100 and MA 200 interaction, especially when it comes to the potential formation of a golden cross. While historical patterns offer insights, it's critical for traders to adapt their strategies based on the current market climate and the broader economic landscape. Conclusion: Lessons from History The market's oscillations have offered lessons over the years. As the MA 100 and MA 200 constrict, market participants are reminded of the significance of this historical technical indicator. While challenges often precede opportunities, they can also shape traders into more adaptable and resourceful individuals. 📊 Market Analysis | 🧠 Trader Insights | 💹 Technical Indicators ❗See related ideas below❗ What are your thoughts on the convergence of MA 100 and MA 200?💚📈💚
INDEX:BTCUSDLong
by Yaroslav_Krasko
1
ROUNDED BOTTOM/SAUCER PATTERN FORMED IN COAL INDIATECHNICAL ANALYSIS - ROUNDED BOTTOM/SAUCER PATTERN : An inverted bottom was formed in the monthly chart of coal india from 2nd may'19 to 2nd may'22 and it was broken out afterwards REVERSAL FROM 50D & 100D SMA : Market has taken reversal from 50D & 100D sma crossover on daily timeframe after hovering around that zone for a very long time STRONG SUPPORT-RESISTANCE ZONE : Market has also broken out of a very powerful zone and has taken reversal from that zone indicating strong upward momentum SURGE IN VOLUME : Volume had also surged heavily from the beginning of 2021 indicating upcoming strong market movement PROFIT market has finally reached the profit target of 276 which is equivalent to the height of the saucer pattern
NSE:COALINDIALong
by peace_lover
ARBITRUM DOUBLE BOTTOMThis article is pure technical analysis. BINANCE:ARBUSDT is showing a double bottom pattern, indicating a potential bullish movement. But first, pay attention to its past price movement that led to a bullish movement of the coin, ARB had a multi-month trendline breakout. Through this trendline below there were multiple instances of resistance (highlighted in red) from the all-time high. As of this writing, the neckline is still showing its firmness as the price attempts to breakout after hitting it momentarily. This firmness is presented on this chart below through back testing procedure wherein we see instances of it being most as resistance line and support at times. For an intraday perspective, we have to wait for a confirmation for either breakout or breakdown plays. If a breakdown happens, I plotted some trendlines for a possible take profit areas by using basic support and resistance with backtesting. $1.0121 and $1.0619 will be my take profit areas to consider. On the other hand, I plotted a diagonal trendline support, when a massive sell confirms potentially could lead to reversal. Also, consider the MACD indicator in a 4-hour timeframe if MACD crosses along with weakening of the buying pressure that could lead to a reversal. BULL or BEAR: Still BULLISH considering market on a consolidation phase from the massive pump that happened days ago. Let's give the market the time to recover :) I'll give time to update the movement for this coin. Overall, scalp if you want to trade this coin and wait for those scenarios that I mentioned for intraday trade. Follow me on this platform for more market pattern ideas like this. I appreciate the support. Always PLAN your trades and happy trading!
Long
by luigi360swirl
Exploring Fibonacci Magic Levels in Bitcoin 💹📈After delving into technical analysis in Bitcoin, " Fibonacci Magic Levels " were created. 📉🔬 It is based on the continuity of various Fibonacci levels, ranging from a smaller scale to well-known levels. By precisely calibrating various Fibonacci retracement and extension levels in our Fibonacci Channel, we have identified highly relevant patterns in Bitcoin price behavior. 📊✨ These "magical levels" seem to strongly influence support and resistance areas, contributing to strategic trading and investment decisions. 📈📉
INDEX:BTCUSD
by joaowedsonf
TTOO - Temporary Bottom LikelyThrough deceitfulness of the current CEO regarding a surprise share split, the stock has seen a lot of damage recently. However, keep in mind that in order for shorts to make their money/profit. They need liquidity to exit their trade. There's a ton at this level given VPR, that combined with the 0.886 Fib level, we're definitely at the max pain zone. Highly likely that shorts are exiting their positions in mass near this level. We're looking at an initial strong response of buying pressure due to mass shorts exiting + some high risk long entries, second move will be likely to a mix of short squeezing and new opportunistic buyers after seeing a solid higher low on the daily level. THIS ENTIRE PLAN IS INVALIDATED IF TTOO CEO COMES OUT AND ANNOUNCES PLANS FOR MORE SHARE DILUTION.
NASDAQ:TTOOLong
by ThePennyMan
5
⚡️ Gov SHUTDOWN?! Market will tank?! What to do in this case? ⚠️⚡️Some shutdown insights with chart: Chart shows longest shutdown: 12/22/18 - 1/25/19 The fear factor has always been PRE-shutdown. Not DURING or POST-shutdown. ⚡️ That means what? If we shutdown, we may dip say 2-3%. But what happens during shutdown? You'd be surprised market actually RECOVERS during shutdown. BY A LOT. During the shutdown in 2018-2019, the market recovered the ENTIRE DIP, whole +15%. That's the same thing that happened in 2013. The market rose 3% during shutdown. ⚡️ So is shutdown really bad for markets? No. Only shutdown fears really cause a dramatic effect BEFORE it happens. Remember the psychology of "priced in". Once a shutdown happens and market reacts for a day or 2, it's priced in. ⚡️ But why? After the shutdown happens, anything is good news. If they announce a deal, that's good news. If they vote, that's good news. Thus, market does well during shutdowns. Good luck. 🙂 AMEX:SPY NASDAQ:QQQ NASDAQ:TSLA NASDAQ:AAPL AMEX:DIA
AMEX:SPY
by kingdips
6
📉📈 Low Volatility Deja Vu? A Look Back at 2022 and What It Could Mean for Crypto Now 🤔 Hey there, crypto aficionados! Today, let's take a trip down memory lane and explore some intriguing parallels between the current market conditions and what we experienced in late 2022 and early 2023. It's a case of déjà vu with a twist. 📉 The Calm Before the Storm: At the end of 2022 and the beginning of 2023, the crypto market found itself in a period of exceptionally low volatility. Prices seemed stuck, and many anticipated a further drop. The sentiment was cautious, to say the least. 📈 The Unexpected Twist: What happened next surprised many. Instead of the anticipated plunge, the crypto market took an unexpected turn and started to climb. The low volatility period was followed by a burst of bullish momentum that caught even seasoned traders off guard. 🔄 A Familiar Scenario: Fast forward to the present, and we find ourselves in a situation that bears a striking resemblance. Volatility has once again dropped to relatively low levels, and some are beginning to wonder if history might repeat itself. 🚀 Potential Implications: Could the current low volatility be a prelude to another surprise rally? While past events don't guarantee future outcomes, they do remind us of the unpredictable nature of the crypto market. 🧐 Stay Informed and Adaptive: In the world of crypto, staying informed and adaptable is key. Keep an eye on market developments, stay attuned to news and trends, and be prepared for the unexpected. Remember that markets can change rapidly. 💡 The Takeaway: History might rhyme, but it doesn't always repeat. While we can draw insights from past experiences, the crypto landscape is ever-evolving. Be vigilant, have a well-thought-out strategy, and embrace the excitement of navigating these dynamic markets.
by AlexWhale
CHRUSDT → The bulls are holding the price above resistance BINANCE:CHRUSDT breaks the resistance of the wedge and gives us a good signal for a possible strengthening of the cryptocurrency pair while the market flagship - bitcoin makes a volume shakeout On the BINANCE:CHRUSDT chart below, I have marked the strong 25400 level. We can see that price is testing this area in a false breakout format. The problem with bitcoin's weakness is that there aren't many short-term traders. Most of the volume is with medium and long term holders, hence the activity which moves in cycles over a long distance. CHR breaks through resistance, but the moment BTC falls, the price comes back and tests the previously broken boundary. At the moment of flagging strength, CHRUSDT forms a consolidation above the line and starts to turn the price up. An important resistance for us is 0.1092, if the coin overcomes it, it will open the way to the mentioned targets Support levels: 0.0956, 0.0826 Resistance levels: 0.1092 As the coin has strengthened above the previously broken garnet, I expect a breakout of 0.1092 and further growth Regards R. Linda!
Long
by RLinda
15