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Channelbreak

Nvidia -> Is This The Top Formation?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪 Looking at the monthly timeframe you can see that after Nvidia retested previous support and the 0.786 fibonacci retracement at the $110 level, there was a solid rally towards the upside. Looking at the weekly timeframe you can see that Nvidia is still a little bit overextended and we could certainly see a weekly retest of the 0.382 fibonacci level which is perfectly lining up with previous structure. After Nvidia broke down of the rising channel a couple of days ago there was not a lot of bearish follow-through and also daily market structure is not bearish yet - I am simply waiting for a better situation on Nvidia to then look for a new trading opportunity. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:NVDALong
by basictradingtv
39
Gold -> The 90% Probability SetupHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 After the simpe monthly break and retest and also a retest of the 0.382 monthly fibonacci retracement Gold perfectly created the bullish continuation towards the upside and I do expect new all time highs on Gold in 2023. Gold is also retesting the weekly support trendline of the very obvious rising channel and in confluence with bullish moving averages I do expect a bullish push from here. Looking at the daily timeframe you can either be agressive and enter a position right now or you can wait for the confirmed inverted head and shoulders and a breakout of the daily bullflag and then this will be a very high probability setup overall. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
FXOPEN:XAUUSDLong
by basictradingtv
46
PLL - Inverse Head and Shoulders - WeeklyWatching LAC & PLL closely here as the lithium sector heads into earnings. PLL is seemingly holding the same channel after breaking out and retracing back to the channel it's currently holding. PLL is holding the same channel on the 4-Hour timeframe with its Bollinger bands squeezing, along with a Bullish Butterfly Harmonic Pattern, MACD golden cross. Bullish and and anticipating an upward move following their respective earnings reports. (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime -- Price Targets & Previous Charts Attached In Description -- PT1- $56.12 PT2- $58.74 PT3- $60.07 PT4- $61.26+ --Previously Charted--
NASDAQ:PLLLong
by jacobosiason7
USDCAD I It has broken the range and channelWelcome back! Let me know your thoughts in the comments! ** USDCAD 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!
Long
by BKTradingAcademy
11
CASTROLIND-DAILY/WEEKLY/MONTHLY-BREAKOUTNSE:CASTROLIND Stock is consolidating in a channel from past 8 years. From last year it’s started to making higher low in weekly/Monthly Chart. Monthly : As per monthly analysis stock has shown a bullish engulfing at bottom levels. Weekly: • June 2nd week we can see a big green candle engulfing past multiple weeks. • June 3rd week there is rejection candle (Inverted Hammer). Things get interesting over here. The rejection candle didn’t get follow through. • If we look carefully whole week the stock was trading between the range. July first week we can see a boom! Daily: We can see buying from 122-123 levels from last few days and on Friday (7th July) We can see a big green candle with good volume. It’s good time to go long for 155-160 targets. SL: 117 I have already taken this trade. This is only for educational purpose, please manage your risk accordingly.
NSE:CASTROLINDLong
by Rushikesh_09
AUDUSD:Get Ready to Ride the Downward Wave! 🌊📉Traders, pay attention! An enticing bearish setup has unfolded in the forex market. AUDUSD is signaling a potential sell opportunity on the 4-hour timeframe, indicating a possible trend reversal. Let's delve into the technical analysis and uncover the exciting prospects this trade presents. My attention is drawn to the recent breakdown of the channel in which the Australian Dollar (AUD) has been fluctuating for the past two weeks. This breach of the channel serves as a clear indication of a reversal in the prevailing trend. Bears have seized control as they swiftly engulfed the last bullish impulse, asserting their dominance. Further bolstering our bearish stance are the moving averages 9 and 21, which have recently crossed over in a bearish manner. This crossover adds another layer of confirmation to our hypothesis, solidifying the potential for a sustained downward move on Aussie. The RSI indicator also lends its support to this bearish setup, as it currently hovers below the 50 level. This suggests that bearish momentum is gathering strength and the selling pressure is intensifying. Brace yourself for a potentially sharp decline in AUDUSD as sellers take control. To optimize my entry strategy, it would be prudent to await a retest of the 0.68300 level. This approach allows me to set a tight stop loss, maximizing the risk to reward ratio. My initial target lies at 0.67500, with an additional target at 0.66500. It's crucial to monitor the price action carefully and consider taking partial profits at each target level. Let's embark on this trading journey together and aim for success as we navigate the twists and turns of the financial markets! 🌊📉
Short
by Thomas_Zito
2
📉XAUUSD 2H Setup before FOMC meeting📈OANDA:XAUUSD FOREXCOM:XAUUSD Gold analytical series, Episode 16(Update) Hello Traders, please checkout my previous ideas. Gold can move towards $1962-1963 after passing the $1955-1957 range. In the next meeting of the FOMC, if the interest rate increases by another step, it can bring down gold to the level of 1939 to 1932 dollars. On the other hand, gold can continue its upward trend to 1978 dollars P.S: Just a funny picture😉 Don't forget to risk-free your positions. Please share ideas and leave a comment, Let me know what's your idea. CrazyS✌
FOREXCOM:XAUUSDLong
by CrazyS
1
INVESTMENT IDEA FOR HALAs we can see the stock breaks its trading channel consolidation after 7 months with heavy volume and takes the support of the channel and again it breaks its trading channel on 16th November with heavy volume as compared to the last breakout volume. STOCK IS TRADING ABOVE 20 50 EMA RSI crossing 60 from below. RSI 65 Hindustan Aeronautics Gets an LOI (letter of intent) for Nine Helicopters from Indian Coast Guard letter of intent (LOI) A letter of intent (LOI) is a document outlining the general plans of an agreement between two or more parties before a legal agreement is finalized. A letter of intent is not a contract and cannot be legally enforced; however, it signifies a serious commitment from one involved party to another. educational purposes only!
NSE:HALLong
by SHEHBAZ_KHAN
2
GBPUSD as Head and Shoulders Pattern Emerges 📢Pair Name: GBP/USD Time Frame: 1hrs Chart Direction: short Comment: 📊 Currently, a distinctive chart pattern known as a "head and shoulders" has emerged within a rising channel, indicating a potential shift in market dynamics. 💱 Upon closer examination, I perceive the head of this formation to be a mere retracement, hovering around the 1.2450 mark, within the borders of the rising trend line. Consequently, I anticipate a continuation of the downward trend. 📈 Once the rising trend line (represented by the blue tunnel) is breached, it's highly likely that we will witness a significant drop towards the 1.2200 level. At this point, we encounter a support level, which could prompt the market to pause and contemplate its next move. ------------------------------------------------------------------------------------------------------------------------------------------------ Remember, this contribution serves as an informative analysis and should not be construed as financial advice. Stay informed, stay connected, and happy investing! 🌟📈 ------------------------------------------------------------------------------------------------------------------------------------------------ 💼💰❤️ Trade like a pro, laugh all the way to the bank! Like and subscribe for more money-making !" 💼💰❤️
Short
by michaelmolek