GAIL WHAT NEXT MOVE ???The price trading near strong resistance zone of 111--115, this level is strong hurdle for the price. price at make or break level now. What will the next move of price. Will price breaks the resistance zone moves towards the upside level or price gets rejection from the resistance and slopes down towards the downside.
#GAIL (W TF)
👉Price at strong resistance zone 111--115✅
👉If Breakout than good upmove possible
👉 Interesting Chart setup
👉After breakout price can go for targets of 120/125/130+
Breakoutsetup
ETH:If we break we buy!!Ethereum
Intraday - We look to Buy a break of 1511 (stop at 1474)
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. Dips continue to attract buyers. The move has rejected dips and is expected to disappoint sellers.
Our profit targets will be 1596 and 1636
Resistance: 1480 / 1510 / 1550
Support: 1450 / 1420 / 1400
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GravitaThis stock has given good breakout from decending parallel channel with good intensity of volume, also positive divergences in RSI and Macd signaled on daily time frame before breakout. RK's mass psychological Cloud buy activated and RK's buy signal activated, Rsi breakout also making scenario more powerful, adx showing good strength along with positive Dmi, Overall looking good to go long, with respected levels.
Breakout along with good intensity of volume
Positive divergence in macd
Positive divergence in RSI
RK's mass psychological Cloud buy activated along with breakout also along with buy signal
Macd in daily positive crossover and Uptick and also above zero line
Macd in weekly uptick now
Breakout in RSI of daily time frame
Price challenging upper bollinger band
Dmi adx also positive on daily time frame
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CAD/JPY - 1H - Breakout SetupCAD/JPY is in a range, forming a symmetrical triangle . The price action is currently testing an important resistance zone after forming a double bottom on support zone.
I'm expecting a resistance breakout due to Double Bottom + Bullish Divergence on the RSI and Volume uptrend on OBV.
Now key zone for bulls is to break above the resistance zone. While a break from support zone will bring bears in party. The price could also stay in the range. Trade your levels accordingly.
SRMUSDT descending wedge bullish reversal in the making?Past 5 days have presented bullish price action with a potential HL printed inside the wedge. Price currently pressing up against wedge resistance trend line.
With overall market showing signs of going higher, a breakout here is likely imminent.
DODOUSDT about to break higher? Watching current key level.That area just above 1.70 presents a confluence of resistance that makes it a significant and key breakout level.
One can wait for a breakout and re-test setup to maximize RR to one's favor.
I'm personally actively looking to enter a smaller position to maybe front run the breakout which is looking quite imminent.
My 4HR levels:
How to identify a successful Breakout?Underlying logic:
1. The price gets rejected from a level repeatedly and forms a major resistance.
2. There is an initial test of supply which absorbs some pending orders
3. The price finds a bottom and some sort of accumulation happens.
4. After the accumulation, the price tries to move back up to retest the resistance level.
5. A bull trap is confirmed when the price pierces through the resistance level but there is no follow-up move.
6. But after every test of the supply, it becomes weaker and weaker due to absorption of pending orders(already discussed in older posts)
7. The price finds a bottom again and then another phase of accumulation starts
8. Finally, the price moves up and tries to breakout above the resistance. This time the price manages to break out since the residual supply gets absorbed and it gives a retest.
9. If the breakout is successful, it will be followed by a bullish move and the volume will expand.
10. The retailers buy after the breakout while the institutions buy during the accumulation phase.
Exhibit 1: Clear breakout and clear retest
Exhibit 2: Clear breakout with NO retest of a horizontal level
Exhibit 3: Breakout with consolidation at the resistance level
Sometimes, the price may start consolidating at the resistance level. This is a positive sign because the price is absorbing all the residual supply and is trying to find the equilibrium.
There can be many more different variations, but the underlying concepts remain the same. You can read and revise this post until you master the concepts. I hope you find this post useful.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
@johntradingwick
Falling Wedge- BullishQS has been in a downtrend for quite some time now but is forming a massive falling wedge (bullish). QS has strong resistance at the $32.74 level as well as the $39.27 mark. Bollinger bands are also squeezing and buyer volume is starting to pick back up as we've been seeing a general rotation back into growth stocks in the market. Will be looking for QS to break out of this falling wedge.
PT1- 31.04$
PT2- 37.56$