MNDY 2 Year Breakout AttemptMNDY looks ready to blow the doors off on a volume spike and successful flip of that $193 level. Bounced off the 50 EMA and looks hungry for more.
Breakouttrading
Bitcoin price action analysis can reach 30k ranges The price has lost 50 Moving average and EMA top. Heading to 100 and 200 moving averages.
Hopefully 200 MA must give some support or else it can reach more downside .The lower low price action indicates bearishness and no sight of uptrend .
On weekly scale a large bearish wick is worrisome .if price retraced from rectangular box with good volumes there can be hope to reach 48k ranges again for retracement.
if price goes down and down the 1 day MA and EMA will print death cross which can lead to more downside in next month mid.
thank you.if helpful like and follow for more updates.
Maruti Suzuki Weekly Retest LevelMaruti Suzuki is at retest zone of w pattern breakout it has given on weekly chart.
RSI not favourable
Volume not favourable
next move or can say confirmation of retest above 10240-10345 levels
Shanti Gears Weekly Breakout shanti gear is moving in HH-HL Pattern
levels marked one chart
Positive RSI
Positive volume accumulation
Looking for a bullish swing trade in near future with META.Thank you as always for watching my videos. May God bless you! Remember, always risk ONLY what you can lose!
BALKRISIND - Pennant Breakout: A Promising Signal for Traders📝 In this educational technical analysis, I would like to discuss BALKRISIND. Understanding key technical terms and patterns, such as pennants and ascending triangles, can help new traders identify potential trade setups. Remember, I am not a SEBI registered analyst, and this analysis is solely for educational purposes.
BALKRISIND experienced a bull run from March 2020, starting at 650 INR and peaking at 2075 INR in September 2021. This move represents an impressive 314% increase.
After the bull run, a pennant pattern formed. Pennant patterns typically occur after a strong price movement and signify a brief consolidation before the trend resumes.
Pennant Breakout and Retest:
📈 On May 23, 2023, BALKRISIND witnessed a pennant breakout with good volume. However, what followed was an interesting development—a retest of the breakout level with strong volume. Retests are not commonly observed after pennant breakouts. Moreover, during this retest, an ascending triangle pattern formed on the 30-minute time frame, indicating a potential trend continuation.
🔎 Technical Term Explanation:
Pennant Pattern : A pennant pattern is a continuation pattern that occurs after a strong price movement. It is characterized by converging trendlines, resembling a small symmetrical triangle, and represents a temporary pause before the trend continues.
Ascending Triangle Pattern : An ascending triangle pattern is a bullish continuation pattern formed by a horizontal resistance line and an upward sloping support line. It suggests an ongoing uptrend and often leads to further price advances.
Potential Trade Opportunity:
🎯 Traders can plan their entry upon the breakout of the ascending triangle pattern, as it indicates a high probability of trend continuation to the upside. Monitoring the price action and volume closely during the breakout will help confirm the strength of the upward move.
Conclusion:
I appreciate your support and encourage you to like this analysis if you found it helpful. Feel free to share your observations and comments. Your feedback keeps me motivated to consistently provide valuable insights. If you want to stay updated with more technical analysis articles and trade setups, follow me on TradingView through the link: in.tradingview.com
💪 Remember, successful trading requires continuous learning and adapting to market conditions. As the saying goes, "The only way to do great work is to love what you do." Keep exploring and growing in the exciting world of trading! Happy trading! 📈💰
hpallook at chart and each points is discrete.
yeaster sesion volume high at ever in stock
volume give boost stock at high level
and this volume absorbs that sentimental resistance of 100
but around 20% rally in yesterday's session was risky in trading
stock must sustain above eserady high
Thank you for trading this confirmation for the stock move above
no recommendation for buy and sell
Alphabet - Watch The All Time HighHello Traders, welcome to today's analysis of Alphabet.
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Explanation of my video analysis:
In 2011 Alphabet stock broke out of a beautiful triangle continuation pattern and created a rally of more than +800%. This pump was followed by a retracement all the way back to the support trendline of 2011. Alphabet is currently creating a triangle formation and if we see a pullback to the uptrendline which I mentioned in the video analysis, I am looking for potential long setups.
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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.
Jk papers buy buy buyJk papers buy buy buy
Super strong technically
Super strong fundamentally
Enjoy
Bitcoin Structure updateThe price is still in Stage 1. Although internal consolidation looks bullish. Volumes are dried up when price pulls back and expansion when price moves up can be seen. The bullish spreads are also getting wider. Some traders will perceive the internal structure as inverted H&S, while some will see it as Cup and Handle pattern. Reminder - We still need a decisive breakout of the Stage 1 Range or neckline. The next major overhead supply turns out to be around $47,000.
MCX Pole & Flag BreakoutMCX pole and flag breakout is on chart.
Levels marked on chart.
If you didn't take this trade but at least keep this in your watchlist to observe how this chart pattern work in real environments.
USDJPY Descending Triangle Pattern Breakout LongWe expect further upside on this pair, signalled by the descending triangle pattern breakout and counter-trendline breakout. We can also see the breakout of a key level which further supports our directional basis.
SOLUSDTSOLUSDT is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price is trading at the apex of the triangle and is about to give 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 126.
What you guys think of this idea?
Nasdaq - Retracement TimeHello Traders, welcome to today's analysis of Nasdaq.
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Explanation of my video analysis:
For more than 10 years the Nasdaq has been trading in a very obvious rising channel formation. Considering that we saw a +50% pump in 2024, the Nasdaq is certainly ready for a (short term) correction back to the lower support trendline which I mentioned in my analysis. From there I do expect the longer term bullish continuation though.
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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.
GBPUSD CHANNEL BREAKOUT SHORTWe expect further downside on this pair, signalled by the ascending channel pattern breakout. We can also see the breakout of a key level which further supports our directional basis.
Nifty India Digital After launching this ETF 1st time they given breakout. Now this year focus on this ETF on every deep. This ETF may be outperform to Market. 6800/6500 good accumulation zone
Uper side we seen 7888/8383/8888+
HDFCBK Bottoming outHDFCBK bottoming out on the shorter timeframe, we can see a double bottom with the neckline at 1705, has support near 1668.
Above 1705 can go long for targets - 1715/1722/1742
Below 1668 can go short for targets- 1650/1635/1620
SPXSPX at crucial levels, If bulls fail to hold 4700 on Monday and the index starts sliding below 4680, we could easily get to see an intraday fall towards 4625/4600 levels. Whereas on the other if bulls conquer 4700 and starts sustaining above the same we would be looking at 4775/4790 on the index!
Simple price action could get you a move of 2% on the index!
HCLTECH BREAKOUT We have a breakout in HCLTECH, Volume looks too good here with 1510 as a stop loss on daily one can go long with targets of 1550/1580/1600.
Bank Of India WEEKLY LONG BANK OF INDIA IS IN UTREND
recently gave a breakout after facing a multiple resistance
its a good stock for a investment
I am targeting 168/ 205 in 2024
