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Breakoutretest

KayCee Industries - See the "C"s (Cups)Kaycee Industries - on Weekly has Interestingly repeating pattern. Something very similar to TRIL I noticed last year. After 4 repeated Cups, TRIL stopped creating Cups but rather flew away. Very similar structure here Look at 4 different colored Fib retracements 1. Green - 0.618 retracement - precisely reached 1.618 target 9578 and fell 2. Orange - 0.618 retracement - precisely reached 1.618 target 14418 and fell 3. Blue - This time 0.5 retracement - with target of 23500, but fell slightly before 4. Pink - Again 0.618 retracement - precisely reached both 1.618 and 2.618 targets (32,900 and 43,726) By this time the Parallel Channel is decisively broken on the upside, and now retracement journey starts Very interesting structure - if the price gets reduced due to Bonus & Stock Splits - let's wait for the price change + wait for correction to retest the BO zone of Parallel channel and review again Love this Chart - repetitions add to the credibility of the stock and technical analysis Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
BSE:KAYCEEI
by Stocks-n-Trends
SAIL - The Steel that Sank the Titanic Vs Steel that Sails :) :)Its been 4 years since SAIL recovered from rock bottom price of 20. When late Big Bull Rakesh J took stakes in SAIL, it was trading somewhere around 90 and had reached a peak of 150+ and fell again to 65-70 levels It took 2 years to complete the return journey back to 150+. Lets now compare the short- and long-term views and respective targets Long Term View: Quarterly Chart shows a Falling Parallel Channel Breakout + Retest & Strong Bounce Long Term Targets are 235, 280 Short Term View: On Daily chart, price has formed a Fresh Rounding Bottom BO above 170 for Target of 190 Summary: Upcoming Targets - 190, 235, 280++ Disclaimer: Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:SAILLong
by Stocks-n-Trends
Balmer Lawrie - The Bulldozing Lorry :)Balmer Lawrie - PSU Pick - Comparison on Monthly Vs Daily *Monthly:* Rounding Bottom Breakout done for Target of 330. After BO, price completed 1st Target of 275 and had a FIB 50% Retracement back to the BO Zone. Next Fib Targets are 385, 495 *Daily:* On Daily, Price has Broken out of Textbook Inverted Head and Shoulders Pattern - for Target of 330 which is precisely matching the Rounding Bottom BO. See How one pattern leads to Another ? Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:BALMLAWRIELong
by Stocks-n-Trends
Mining thru the Miner Stock - VedantaMulti-Timeframe Analysis of Vedanta: Decoding the Dividend Yield Vedanta Ltd has been a Cash Cow atleast for past 2-3 years from a Dividend Perspective. More than the Stock price gain - It has provided Dividend Yield of more than 40% since 2022. A large portion of Dividend yields was being utilized to settle the Parent Company's Debt in UK. It was like a Collateral "Gains" for us - the retail investors - who also got big chunk of Dividends. I used to say in a funny way "As long as Vedanta is in Debt - I will enjoy Hefty Dividends" :) This is real and realized profits unlike the stock prices which goes up and down Flag Pole Break Out on Monthly Chart As you can see, VEDL has completed a Flag Pattern BO on Monthly level with huge target of 488 Multi-Bullish Patterns on Daily Chart On the Daily - there are multiple bullish Patterns 1. Cup and Handle - BO started today 2. Inv Head & Shoulder embedded inside the Cup - Target Reached 3. While forming the Handle portion - it also completed the BO - Retest of Flag Pattern which is a Very Healthy sign Vedanta is all set to Shine Bright & Hot in the upcoming days - especially when the Metal Index is also on BO - there is no stopping for this beauty now :) :) :)
NSE:VEDLLong
by Stocks-n-Trends
MBOX / USDT - Bullish Momentum ConfirmedTechnical Analysis: Breakout and Retest of Range: MBOX/USDT has recently broken out of a key range and successfully retested the breakout level, indicating a strong bullish signal. 200 Moving Average Breakout: The 200-day moving average has been decisively breached, providing additional confirmation of the bullish trend. Price Action and Trend Analysis: The combination of a breakout and retest, along with the 200-day moving average breakout, suggests a robust uptrend. This strengthens the case for a sustained bullish movement. Potential Targets: Target 1: $0.3771 Target 2: $0.4060 Risk Management: To manage risk, consider implementing stop-loss orders. Monitoring the price in relation to the 200-day moving average can also provide insights into the strength of the trend.
Long
by K_M_M
XAU/USD ↘️ Short Trade setup ↘️Hello Everyone 🙋🏽‍♂️ Triangle breakout retest 💲 Entry Point : 1950.414 🟢 TP 1950.414 🔴 SL 2081.549 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
OANDA:XAUUSDShort
by EMA_Trading
BERGERPAINTS TRENDLINE BREAKOUT!!!!The price following descending trendline resistance from a very long time. Whenever the price reaches near the trendline price taking resistance and slopes down. Now finally price breaks the trendline and closes above the trendline with good breakout candle. The level of 550 is strong support for the price . Candle closes above the breakout level of 575 and holding itself at the higher levels. price showing good momentum for swing reversal . After the breakout possible targets are 615--633 & 650. BERGERPAINTS📊 👉🏻Range + Trendline Breakout 👉🏻Support 572 & 548 👉🏻Add for swing reversal 👉🏻Target possible 615/633/650+
NSE:BERGEPAINTLong
by Jha_Nidhi
BTC's Downward Breakout May Trap BearsChart 1 : BTCUSD's Downward Breakout From Bear-Flag Channel (Chart 1 also includes a hypothetical price path showing one probable way that price could retest the channel and the downward trendline that has held as resistance since November 2021. BTC's Downward Breakout from Parallel Channel/b] On August 19, 2022, BTC fell over -10%, breaking out below its upward sloping bear-flag channel. This parallel channel has contained price since the June 18, 2022, low at $17,592. The breakout below the channel was also decisive with a taller bearish candle that closed very near the low for the day. As price has continued to rally, volume has dwindled. This represents lack of conviction in the rally when volume does not support each subsequent push higher. Potential Retest of the Parallel Channel In weighing the likelihood of a potential retest of the parallel channel that has defined this bear rally, consider the following points: 1. No one can say with certainty whether the bear rally is finished or whether the downtrend is complete. However, the bear rally may not be complete, and bears opening shorts on this breakout may be trapped in the coming days / weeks. Bull and bear traps have been a common occurrence in this bear market. Note that this is a short-term view only—the longer-term price action and trend structure remain quite bearish, and this author does not advocate a long investment strategy at this time in BTC . 2. Even though the macroeconomic environment remains poor with sticky inflation and tightening financial policy likely to continue in the intermediate term or long term, corrective rallies can push higher and longer than most expect. Markets can remain irrational longer than traders can remain solvent. Market research studies have shown that some of the strongest, sharpest rallies in equity markets have occurred during prolonged bear markets. Look no further than the recent rally: the macroeconomic picture has remained relatively unchanged, but equity indices and cryptocurrencies have rallied significantly in the past two months. 3. While the bear rally may constitute an upward correction within the downtrend, consider that the recent decline on August 19, 2022, may simply constitute a correction within a correction. Stated differently, today's decline may represent a retracement within an ongoing bear rally that has already pushed over 40% higher from June 2022 lows. And the ongoing bear rally is itself a larger-degree retracement within a ten-month downtrend. 4. Breakouts above / below trendlines or channels commonly lead to short-term reversals that (at a minimum) retest the breakout point. In this case, a retest of the channel would lead price to the $23,000 to $24,000 range. Like every common price pattern, whipsaws involving retests of breakout points do not always occur. 5. Currently, price has declined to just above the .618 retracement of its entire rally off the June 2022 low near $17,592. This .618 retracement level frequently holds as initial support or resistance when price corrects a recent price move. The zone between the .618 retracement and the .786 retracement should be watched carefully over the coming week. If it holds firmly as support, this could indicate that the decline is part of a correction within an ongoing larger bear rally off June 2022 lows. (Note that the .618 retracement can be important both during corrective rallies within uptrends and corrective bounces within downtrends.) Supplementary Chart: BTC's Recent Decline May Pause or Reverse at the Zone between the .618 and .786 Retracement Levels Potential Test of the Ten-Month Down Trendline Corrective price patterns frequently work havoc on bears and bulls who want to see consistent trendlike price action in one direction or the other. Note that corrective patterns can be upward, as in the current bear rally within BTC's downtrend, or they can be downward, as the In the short term, price has chopped back and forth within the corrective parallel channel shown in Chart 1. Further, corrections can unfold in complex combinations as Elliott Wave theory teaches. For BTC, the current bear rally is an upward correction. This upward correction And a two-month bear rally could be the first segment of a complex correction—alternatively, it could be the end of the corrective retracement. The primary chart, Chart 1, shows in blue the major down trendline that has defined this downtrend in BTCUSD. This down trendline has contained price since early November 2021 may still be tagged in the coming days or weeks. Important levels of support or resistance tend to act as a magnet for price when price approaches them. The retest of the parallel channel could in theory coincide with a test of the down trendline in early September 2022. If this happened, the test would occur at a price of approximately $23,500 to $24,000. Finally, while many have concluded the final lows were made and others see this as a bear rally, this bear rally still constitutes an upward correction within a downtrend until the weight of the evidence proves otherwise . So this article posits that price could continue the upward correction (retracement) higher or sideways over the next few weeks, and that today's decline might be a downward correction within the corrective bear rally. And any rally may trap bulls with another sharp move lower. After all, markets in equities and crypto have continued to confound bears and bulls alike leaving market makers with bulging pockets full of profits. NOTE: This article is intended to present a relatively objective view of BTC's current price action and key levels using technical analysis. The author has no open position at the time of publication (August 19-20, 2022) on BTCUSD or BTC-related investment products such as BTC futures , BTC ETFs (BITO) or BTC derivatives. DISCLAIMER: This post is published solely for educational / entertainment purposes and does not constitute financial advice or an investment recommendation and cannot account for any person's particular financial circumstances. The author would not want other investors / traders to lose money by relying *solely* on this idea rather than doing their own due diligence. Before entering any trade, please evaluate the risks of (i) the instrument / security being traded, (ii) the type of trade and its timeframe, (iii) risks inherent in that type of trade and its time frame, (iv) the inherent risks of shorting securities (presenting unlimited risk without hard stops in place), (v) the inherent risks of trading options, leveraged ETFs, and cryptocurrencies, and (vi) all financial risks arising each person's personal financial circumstances. CME:BTC1! BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT FTX:BITOUSD SP:SPX OANDA:SPX500USD VANTAGE:SP500
BITSTAMP:BTCUSD
by SquishTrade
12
UMABTC 8h long setup; Breakout of 1.5 year downtrendTA explained Starting with the bigger picture for UMA using the 1W TF. A long lasting downtrend (starting at Sept 2020) was broken at the start of November with a very strong bullish weekly candle, after which the price pullback and retested the broken TL. Zooming into the 8H TF we can see two interesting things. First we see the price retested the descending TL twice. Second interesting fact is the second time it tested the trendline it also aligns with the center of the demand zone on the left. Last thing to consider is the break of the local descending trendline. After getting rejected 3 times, the fourth time price was able to break through. With this little pullback we might already start the upward continuation. If not a deeper retracement could happen by retesting the latest low and creating a double bottom which would give us our second entry as well: Trade setup Entry zone: 0.0002022 - 0.0002174 TP1: 0.0003279 TP2: 0.0004411 TP3: 0.0005539 SL: 0.0001745 RR: 9.93 Max leverage: na ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
Long
by MattieDsCryptoLounge