Breakouttrading
XAU - Are we about to break a 4-year resistance point?! Next stop could potentially be.. the moon?
Not sure if it's beginners luck or I have the magic touch - but are we about to see the first breakout of this blue horizontal channel going back to 2020?! This is my first time analyzing and really even looking at a chart of Gold and I'm psyched! I'd be honored to be a part of this breakout.
Special shout out to our friend Mohibullahstudent who, during my live stream today, persistently requested I cover Gold and though I was busy trading equities in a fast paced market, I did "promise" him I would do an analysis of Gold later on.. so this one's for you!
Now that I'm officially a "gold trader" I will continue to analyze this PA as it develops and especially if are able to break out of our teal controlled selling and retest the upper channel to continue to shake out sellers for the all important breakout.
Thanks to everyone who joined the live stream today, we had a lot of fun, and hope to see you all again tomorrow at 9:30 AM for another live stream where we will be trading and analyzing charts together.
Happy Trading :)
COIN - Lots of profits to be made - beautiful algo confluenceThis can break out of our controlled selling algorithms any day - especially as we started to see sell-side tapering via our teal algorithm on Friday.
Look for Yellow strong buying channel to activate and break us out of the magenta/purple/teal algorithms which will lead us to a retest of highs at the $180-$185 level.
We will be trading this today live on the stream if the opportunity presents itself - we have some clear levels and things we're looking out for and we don't want to miss this one.
See you there!
Happy Trading :)
XMRUSDTXMRUSDT has given the clean breakout of long term consolidation. And now the market is retesting the broken level. sellers seems to be exhausted.
if this breakout holds the next upside targets will be 140 followed by 150
INDO COUNT technical breakout on weekly chart A breakout on weekly chart denotes strength it suggest the CONTINUATION IN THE CURRENT MOVE
if one refer the charts ,
as shown by arrows , volume witnessed a great rise and price followed a strong move along with the same
THE stock likely to show higher areas
its trading well above key average areas and with strength in RSI
support at 310-290 zones and with stop below these CAN test 370-400 in 6 months
META - Exciting opportunity this week! THE GOLDEN WEDGEWill we see the first ever (Coined in this video) golden wedge this week!? It's a huge part of my trading and a great way to identify a breakout incoming - especially on a stock like META where volatility and volume is huge on a daily basis.
The Golden Wedge is basically when price uses our strongest controlled selling algorithm (Magenta here) to build liquidity and this acts as support to push us back into our less strong controlled selling algorithm (Teal here). Once that happens, we'll see teal acting as support and proving sell-side tapering (meaning buyers have regained stronger control and have dug deep enough to make a move higher). The wedge happens in between the resistance of the top of our strong selling magenta and the support of the bottom of our weaker selling teal.
Look forward to seeing you all there if/when it happens - and if not, we are still prepared for other trades as we have the proven algorithms and now just need to see where price goes and who is in control entering the trading week.
Please join me tomorrow at market open (9:30 AM EST) where I will be trading live on stream here on TradingView and taking trades, analyzing charts, and having fun with our awesome community.
And as always,
Happy Trading :)
Suryoday Small Fin Bank - Swing and Mid Term Investment PickThe stock is in up trend in Monthly , weekly.
The Weekly and Monthly RSI are fantastic, just moving above 60 on the way after touching the lower band at 40.
The weekly has given a multi year breakout, has just broken the supply range at 190.
I would consider an entry at 188 zone - Retest and look for 225 as swing trade target . 25 %
For an Investment, I would consider a 1:2 Risk reward , SL at 145 level - weekly closing basis, Target at 280. I consider trailing my investment profits at each level with an exit if closing below 20% from any level.
Binance Coin - 10.000% RallyHello Traders, welcome to today's analysis of Binance Coin.
--------
Explanation of my video analysis:
After the break and retest on Binance Coin back in 2020 we saw an insane rally of +10.000% towards the upside. Recently BNB then broke out of a longer term triangle continuation pattern and can now potentially create a similar rally. I am now just waiting for a break and retest of the structure mentioned in the analysis and then I my first target is the previous all time high.
--------
I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
KSS - Primed for a breakout! As always, excuse the mess of the charts. Each line means a lot to my trading on different time frames and I do my best to consolidate which ones show on what timeframes so that it's easier for you to see clearly what's important.
That being said, I believe KSS (Kohl's) is primed for a breakout technically and fundamentally when they announce earnings in a few weeks.
Definitely don't take my word for it - do your own research and analysis before entering any positions.
Hope this was helpful and have a great weekend!
Happy Trading :)
1000PEPEUSDT Bull flag breakoutLong / Upwards movement
1000PEPEUSDT has broken out of an bull flag. Retesting and looking for continuation.
Volume is moving in and sentiment for Pepe is high.
Look to take profits at
TP 0.0016328
Downwards movement
Caution, if sellers are able to overcome long positions price could move downwards and invalidate the bull flag.
AGLDUSDTAGLDUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
Currently instrument is facing strong resistance and seems like it is getting ready for massive breakout.
if the breakout happens, one can trade it with buy stop at level 1.42.
If the instrument sustain the breakout then next target could be 1.700
What you guys think of this idea?
Adani power Consolidating for more than 85 DaysAdani Power Limited is a holding company engaged in providing electric power generation by coal-based thermal power plants and coal trading. So, after the BO of this pattern to the upside, we can expect a move of around 30% and can keep a stop-loss below the swing low. NSE:ADANIPOWER
DOGEUSDTDOGEUSDT was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.107
What you guys think of this idea?
TSLA - Mid & Post Trade Analysis - Why did this breakout happen?As you'll start to catch on, when we look at the market as "who is in control" then it's only a matter of time before that side takes control and then all that we have to look for is WHEN they will take that control and break out of the control.
Here, we saw TSLA was conforming to its' controlled selling channels and we had a perfect bounce yesterday where the bottom of our controlled selling channels wedged with our buying continuation channels.
Stay tuned for further analysis like this one so that you won't miss the next breakout!
Happy Trading :)
PEL : Biggest Breakout of 4 month Piramal Enterprises has formed Descending Triangle pattern
Stock has given huge breakout around 930 levels
Target would be around 1150-1100
850 is Strong support for long term
If we correct then prices may take support around 850 levels.
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
Bullish potential and potential breakout detected for SPKLooking at afternoon trade, SPK represents a potential bullish opportunity should momentum continue and higher highs and higher lows be made past the current position, considering breach of recent resistance levels aligning with technical indicators of RSI and DMI. Relative strength in the Midcap 50's as well as the communications sector (XTJ) adds further impetus to the trade. Personal stop loss for the trade would be beneath the low of the recent swing on 30-Oct (i.e.: below the low of $4.50), which is also below both of the 10 and 30 day moving averages, and will track the increasing 30 day moving average as the trade continues.
Take filatex India for Mega profitTake entry at cmp 70
Target. 140
Next average at 34 Rs
Very good Q3 result.
At breakout stage
Be ready for take off
F&O MasalaF&O Masala -
New Series - In this F&O Masala Series, I would like to share some good potential scrips.
Remember- this is for Educational Purpose & NOT a Buy or Sell Call.
Do you own Research (DYOR) before indulging into Buying/Selling.
NXE - Good earnings could lead to big profitsI like this chart a lot. Definitely a few resistance zones to watch out for above us (i.e green top of green tapered buying channel that has bounced us a few times) but we are within our strong purple buying continuation channel which is exactly what is needed to take us out of this resistance level.
We are also digging at the bottom of our controlled selling yellow channel with support from purple and teal continuation - so with good earnings expectations this could be a good level to enter at.
As always, will keep you posted once news is released and price continues to develop!
Happy Trading :)
ASO - Clear Analysis and what to look out forWe have our proven controlled selling algorithms taking control of price after closing a HTF cup. We are looking for some liquidity to be built within these teal and orange selling channels and for support to be found at our buying continuation channels of magenta and green.
We are waiting for an initial break of orange strong selling to then retest teal tapered selling where as we can see a further breakout take place.
Hope you're enjoying the long weekend and
Happy Trading :)
KIRLPNUThis stock breakout major resistance level with good volume
This is only for educational purpose
GRANULES INDIAGranules has breakout ATH resistance level so stock has create good opportunity for swing trade
This is only for educational purpose
HCG SWING TRADE 50% RETURN feb 17/2/2024
swing trade perfect symmetrical triangle long term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
