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$LCID Wedge Setup - Potential Breakout Ahead! 📉📈Hello traders! 🌟📊 I want to bring your attention to an interesting technical pattern I've spotted on $LCID. It appears to be forming a wedge pattern, suggesting a potential breakout opportunity. Let's take a closer look at the details! 💡📉📈 🔍 Symbol: NASDAQ:LCID 📅 Timeframe: Weekly 📌 Wedge Formation: NASDAQ:LCID has been consolidating within a narrowing range, forming a wedge pattern. This pattern is characterized by converging trend lines, with the upper trend line sloping downward and the lower trend line sloping upward. The tightening price action indicates diminishing volatility, typically preceding a significant breakout move. 📈 Breakout Confirmation: To validate the wedge pattern, we'll need to see a clear breakout above the upper trend line. This breakout should ideally be accompanied by an increase in volume, indicating strong buying interest. Keep a close eye on as a potential breakout point. A decisive move above this level could signal a bullish breakout. 🎯 Price Targets: If the breakout occurs, we can project potential price targets based on the height of the wedge pattern. Measure the distance from the starting point of the wedge to the upper trend line and add it to the breakout level. Consider as potential price objectives to keep an eye on. ⚠️ Risk Management: Remember to implement appropriate risk management strategies. Placing a stop-loss order below the lower trend line or at a level that aligns with your risk tolerance can help protect your capital in case the breakout fails and price reverses. As always, conduct thorough research and consider additional factors such as market conditions, news events, and overall trend analysis before making any trading decisions. 📊 Hashtags: #LCID #WedgePattern #BreakoutOpportunity #TechnicalAnalysis #TradingView Please note that this analysis is based on technical analysis principles and should be used as a starting point for your own research. Market conditions can change rapidly, so stay vigilant and adapt your trading strategy accordingly. Happy trading! 🚀💰 Disclaimer: This content is not financial advice. Trading carries risks, and it's important to only trade with funds you can afford to lose. Seek advice from a qualified financial professional before making any investment decisions.
NASDAQ:LCIDLong
by STP_MrNodeItAll
5
CLNE Pump to $5.66 in a few Days🐂 Trade Idea: Long - CLNE 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout / Option 🔍 Entry: +/- 4.90 🐿 DCA: No 😫 Stop-Loss: 4.21 🎯 Take-Profit #1: 5.66 (50%) 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — Clean Energy has a strong weekly support over multiple years in the 4.00 region that was holding strong the last couple of months. After consolidating bullish inside the bigger box on the top right corner we saw a break-out yesterday. Considering the strong weekly support and the successful break-out with one large candle we can try to catch this trade right away. We do not want to see it falling below the it’s local higher low at around 4.22 which leads to our stop loss just below that. This trade should play out in a couple of days. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NASDAQ:CLNELong
by LGNDRY-Capital
1
EURAUD Update I What to Expect from this PairWelcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy
20
USDJPY Trend Shift Short Trade SetupOn the 1 hour timeframe USDJPY has shifted from making higher highs and higher lows to barely making any higher highs and now broke the recent swing high.It also found resistance at an important level and made fake higher highs which immediately reversed.The uptrend has ran out of steam and a new downtrend has started.I believe it now a good time to take a short trade and profit from this downtrend as it is still early and at the time of writing this we have a retest at the previous support level that has turned to resistance.There is also a clear RSI divergence emphasising the bearish market.As for stop loss I recommend you set it at around the 141.760 level above the wick of the red candle and for take profit price previously struggled to break a resistance level at around the 140.240 level so this is where I have set my take profit. This is not a financial advice.Always do your own research.
Short
by fayezhazzem
📉 Falling Wedge Alert on $1INCH! Reversal Potential!Hey traders! Today, I want to discuss an intriguing chart pattern I've identified on $1INCH. Let's explore the falling wedge pattern and its implications, particularly in relation to the parabolic trend. 📊💡 Pattern: Falling Wedge 📉🔽 Symbol: CRYPTOCAP:1INCH 💰 Overview: A falling wedge is a bullish chart pattern characterized by converging trendlines, with the upper trendline sloping downward and the lower trendline sloping upward. The presence of the parabolic trend further adds to the potential reversal scenario. Let's delve into the falling wedge pattern on CRYPTOCAP:1INCH in more detail. ⚡💹 Key Features of the Falling Wedge on CRYPTOCAP:1INCH : Converging Trendlines: The upper trendline connects lower highs, while the lower trendline connects higher lows, indicating a potential shift in market sentiment. 📈📉 Parabolic Trend Support: Notice that CRYPTOCAP:1INCH is currently holding the parabolic trend, which reinforces the bullish outlook and strengthens the potential reversal signal. 🚀📈 Breakout Expectations: Falling wedge patterns often precede bullish breakouts. To confirm the pattern, traders typically look for a decisive move above the upper trendline. It is essential to wait for a confirmed breakout before considering any trades. 🚀📈 Trading Strategy: Entry Point: Consider entering a long position once CRYPTOCAP:1INCH successfully breaks above the upper trendline of the falling wedge pattern, supported by the parabolic trend. This breakout could indicate a potential reversal and continuation of the upward trend. ⬆️💰 Stop-Loss: To manage risk, set a stop-loss order below the lower trendline, protecting against potential downside. ⛔️📉 Target Levels: Identify key resistance levels or previous swing highs as profit targets. Adjust your position size and take profits accordingly. 🎯📈 Risk Management: Implement proper risk management techniques, such as position sizing, setting stop-loss orders, and adhering to your trading plan. Always be aware of the inherent risks associated with trading cryptocurrencies like $1INCH. ⚠️💼💡 Disclaimer: Trading cryptocurrencies carries risks, and it is crucial to conduct thorough analysis and seek professional advice before making any investment decisions. #FallingWedge #1INCH #Cryptocurrency #ParabolicTrend #BullishReversal #TradingStrategy #TechnicalAnalysis #ProfitTargets #RiskManagement In conclusion, the falling wedge pattern identified on CRYPTOCAP:1INCH , combined with the parabolic trend, suggests a potential bullish reversal. Exercise caution and wait for a confirmed breakout before making any trading decisions. Stay tuned for further updates on $1INCH! 🚀💹 (Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
Long
by STP_MrNodeItAll
SPY - Rising Trend Channel [MID TERM]🔹Breakout the rising trend up in the medium long term. 🔹Support at 430 and resistance at 460. 🔹Positive signal from rectangle formation at 436 breakup, continue looking at next resistance 477. 🔹Short-term momentum is positive with RSI above 70. 🔹Technically positive for medium-term long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
AMEX:SPYLong
by wavepoint99
TQQQ - Rising Trend Channel [MID TERM]🔹TQQQ has broken the rising trend up in the medium long term 🔹Broken up through resistance 39. 🔹Support at 39. 🔹Short-term momentum is positive with RSI above 70. 🔹Technically positive for medium-term long-term Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:TQQQLong
by wavepoint99
GBPUSD I Bearish breakout scalping ideaWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
20
EURGBP I Headed to retest demand zone and will possibly break itWelcome back! Let me know your thoughts in the comments! ** EURGBP Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy
8