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Breakouttrading

How To Spot A BreakOut In 3 StepsThe market is on fire right now, especially the FOREX market. Its not yet official but we might be heading for a recession. As i was about to type this article i kept thinking , "how am i going to show you how to spot a breakout." Also i took my time to see the editors pick to look for a common theme or trend. Right now gold TVC:GOLD , and Bitcoin BINANCE:BTCUSDT , And Sp500 SP:SPX are trending. If you look at the fundamentals of the SP500 you will see that we are in a breakout session of the market. How To Spot A BreakOut In 3 Steps #1-Look at the CCI #2-Notice that the MACD histogram bars are green #3-The 13 EMA on the CCI has hit the overbought zone. When you take note of these 3 steps you will see a break out. Rocket boost this content to learn more. Disclaimer:Trading is risky you will lose money whether you like it or not. Please risk management and profit taking strategies.
Long
by lubosi
GOOGLE THis is what i call SOLID DESICION !! Finally, Google breaks the bearish channel! And we are still at an excellent buying price! If you're in for the long term with Google: This is what we call a SOLID DECISION! Despite the recent bad news Google has faced, like lawsuits and other security issues, fundamentally, Google has always shown strength: 0 debt, solid sales and earnings, and, best of all, it’s an innovative company. With an intrinsic value of $180 per share, it’s definitely a long-term buy. My advice always: forget the news; the numbers speak for themselves! One of the most solid financial statements in the market at a great price. Now, let's move on to the technical analysis of Google: Finally, Google breaks the bearish channel with great strength, after respecting our inflection zone (blue zone). As you can see, the price has respected this zone significantly. I’ve been analyzing Google and its rebounds in this zone for months, and we've been forecasting each movement based on the buyer pressure volume when touching this critical area. In this case, I’ve drawn a vertical line, indicating we're getting closer to Google’s next earnings report. In my opinion, the price will pull back around the $187-$168 range before continuing its bullish trend. Remember, as Google’s earnings report approaches, we’ll likely see a significant price increase. Key point: This earnings report will be crucial for Google to move closer to $191, obviously if the report is favorable, but let’s not get ahead of ourselves. First, we want it to pass the point of interest around $168. Let’s see what Google has in store for us this week... Thank you very much for supporting my analysis!
NASDAQ:GOOGLLong
by RocketMike111
Bullish Flag Pattern Breakout in EICHERMOTStock Name: EICHERMOT Timeframe: 1 Hour The chart shows the formation of a Bullish Flag Pattern, indicating a continuation of the previous uptrend. Key elements are: Flag Pole: The initial strong upward move, forming the base of the bullish pattern. Flag Resistance: The upper boundary of the flag pattern, highlighting the short-term consolidation. Flag Support: The lower boundary of the flag, providing support during the consolidation phase. Targets: Initial Target: 5010+ (marked as the first breakout target) Target 2: 5080+ Final Projected Target: 5150+ Stop Loss: Below 4850 If the price sustains above the breakout level, the bullish rally could continue, with potential to hit the projected targets. Conversely, any downside risk exists if the price falls below 4850, triggering the stop loss.
NSE:EICHERMOTLong
by TradZoo
DOGEUSD about to Breakout! About 5% up on Thursday As many expected, Cryptocurrency has been on fire since FOMC interest rate cut. During Thursday trading most were up around 5% or more. What I notice about Cryptos is that they are sensitive to the overbought scenario and when the liquidity occurs and they are all aligned in more of an oversold condition, the buyers start flooding back in because they know they are sitting on a Value-Product at a bargain oversold price & that can only mean higher prices returning really soon. DOGEUSD until early August was tracking downwards in price in a huge falling-wedge, but jumped out of this wedge and has been consolidating, put on around 5% during yesterday Thursday and is ready to bust upwards in what will be a huge breakout for DOGEUSD, BITCOIN and many of the other BIG-CRYPTO names!
EIGHTCAP:DOGEUSDLong
by Easy_Explosive_Trading
ready to breakThe chart for Bhartiya International (NSE) is a monthly timeframe chart. Let's break it down and analyze it step by step. ### General Observations: 1. Resistance Breakout: The price had previously formed a resistance around the **₹638 level**, which was tested multiple times between **2016 and 2018**. However, in those attempts, the price failed to break out. In **2024**, the price has decisively broken above this level. A breakout like this, especially on higher volume, suggests strong bullish momentum. 2. **Volume Analysis (Highlighted Circle)** There is a noticeable increase in volume at the beginning of 2024, right before the breakout, which is often a confirmation of a strong trend reversal. The increased volume shows that institutional or significant investor participation is present, supporting the upward movement. The subsequent monthly candles also show significant gains, supported by decent volume, which adds further confirmation to the bullish outlook. ### Candlestick Patterns: 1. **2024 Candles:** The latest candle (September 2024) is a strong bullish candle with no upper wick, indicating that bulls dominated the session, closing near the high of the month. Prior months in 2024 show a series of higher highs and higher lows, a classic uptrend pattern. 2. **Long-Term Trend:** The stock was in a prolonged downtrend or consolidation from **2018 to 2020**, followed by a recovery in **2021**. After some consolidation around the **₹337 level** (acting as previous resistance turned support), the stock began its upward movement starting around **late 2023**. ### Chart Patterns: 1. Cup and Handle Formation: There seems to be a potential **Cup and Handle** formation spanning from **2016 to 2023**: The price peaked in **2016** around **₹638**, followed by a prolonged correction down to **₹85** (forming the cup base) and eventually moving back up to the resistance level. The **handle** was relatively short and formed in early **2024**, leading to a breakout. This pattern is typically bullish and often leads to strong upward momentum post-breakout. ### Possible Targets: **Target 1 (Near-term):** After the breakout above ₹638, the next potential target can be projected using a Fibonacci extension or by measuring the height of the cup (from ₹85 to ₹638, i.e., approximately ₹553) and adding this to the breakout point. This gives a near-term target around **₹1200**. **Target 2 (Long-term):** If the breakout sustains and the stock continues its uptrend, we could see much higher levels in the longer term. A next major psychological level would be around **₹1500** or higher. ### Support Levels (Stop-Loss): **Immediate Support:** ₹638, the previous resistance, now acts as immediate support. If the price closes below this level on a monthly basis, it may signal weakness. **Major Support:** ₹337 is a strong support level that previously acted as resistance. In case of a significant market correction, this level could be tested. ### Summary: **Bullish Bias:** The stock has broken out of a long-term resistance supported by strong volume, indicating bullish momentum. - **Target:** near-term target could be around ₹1200, with potential for even higher levels over the long term. - **Stop-Loss:** A conservative stop-loss can be set just below ₹638, or for a larger safety margin, below ₹337. This stock seems to be in the early stages of a breakout, and the chart is giving clear bullish signals. However, regular monitoring is required, especially for potential corrections or changes in market conditions.
NSE:BILLong
by investigationofchart
The 4HR USDX W-Bottom Rocketing USD - Today! I know it reads like a headline in a newspaper trying to sell the Sunday paper, but that is really not me. But I am also not the kind of person who finds keeping a good secret - a secret. We are all here on Tradingview to watch each other's backs in a risk management and learning experience kind of way, in relation to being a consistent and profitable trader. A couple of things to be aware of today in your Friday-trading. I am quite convinced that the USDX will be propelled upwards & finally through 101.85 causing a sustained breakout in the dollar over the next several days to a week. I see this occurring right before, at the open or within in an hour or 2 of the NY market session today. What reason(s) do I have to be propagating this type of fear and panic into Traders today. I will tell you right below! The 4HR W/Bottom is now properly formed. Well the finishing touches are being made to the right-side of the W as I write, which will give the dollar plenty of relative strength. Helping that cause? Well of course that would be the momentum -oscillators RSI & Stochastic's on the higher timeframes. I watch these a lot in my own trading because they warn me about supply/demand levels especially when commodities, currency's, stocks, metals etc, enter their overbought and oversold zones - for example the USD has been beaten down the past month or so and it's now oversold, but when something is oversold, provided that it's a commodity, currency or thing that people want and demand again, it's oversold state becomes one with increasing buyer demand at cheaper prices - then boom - breakout. I will be watching closely the Vix Index as well. I see it possibly breaking higher than 15% today and as for Gold - well after yesterday's shot-in-the-arm, I for one will be Shorting it back to 2430 to 2450 levels. Finally, take a look at the following current 4HR USDX chart. What I see occurring with the Oscillators' is that the RSI / Stochastic's on the 1HR, 2HR, 4HR Daily & Weekly Charts, will cross-up out of their oversold condition's concurrently and simultaneously, igniting the USDX off it's W-Bottom and smashing through 101.85 without so much as the blink of an eye. Maybe I am a looney you are thinking? Yes, but a looney who capitalises ahead of time.
EIGHTCAP:USDX
by Easy_Explosive_Trading
2
Intel - (Much) Lower from here!NASDAQ:INTC is about to create such a massive higher timeframe candle - a drop is immanent! Within one month, a setup played out and we are back to beginning. During the past 30 days, Intel rejected the support towards the upside with a move of +25% and immediately reversed the entire move. The monthly candle will close so bearish, I do expect a break below the current short term support, followed by a retest of the multi-year long support area. Levels to watch: $30, $26 Keep your long term vision, Philip - BasicTrading
NASDAQ:INTCShort
by basictradingtv
14