Chartpatterntrading
Symmetrical Triangle on XAU/USD @ D1Gold (XAU/USD) is currently consolidating inside a symmetrical triangle pattern on its daily chart. I will try to use it as a trend continuation breakout setup. My potential entry is marked by the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which is located at 100% of the triangle's base width above the upper border. I will set my stop-loss to the triangle's lower angle (the red line at 1934.12). I will ignore bearish breakouts from this formation.
Never Say Die Stock - "Data Patterns"Data Patterns is a vertically integrated defense and aerospace electronics solutions
provider catering to the indigenously developed defense products industry. The
company has proven in-house design & development capabilities and experience of
more than three decades in the defense and aerospace electronics space. They have clients like ISRO, DRDO & HAL etc. Reserves to Borrowing ratio is also attractive.
Source - Screener.in.
If it crosses 1440 level, it may give us a new high. This is a study purpose chart & NOT a By call or recommendation!
Necklace Pattern Series -"Career Point"This Stock is creating repeated Necklace patterns, i.e. rounded bottom in follow up manner. When such stock tries to reach higher high or tries to defend lower levels repeatedly, it may touch its past glory i.e. its previous Life Time High & explode further.
This chart is for study purpose & not a buy call!
BEM | Leading Diagonal Pattern Projection - Wave B CorrectionA possible ABC correction after finishing mega leading diagonal wave pattern:
Wave B target 0.5 - 0.618 retracement of wave A and EMA 20 week resistance
A possible false breakout EMA200 week
Wave C - Targeting 0.786 fibonanci zone of major Wave 1
Easy-to-Spot Bullish Forex PatternsHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
For the biggest part, I prefer to trade reactive rather than predictive. Chart patterns really come in handy with this strategy. Here are my top easy to spot chart patterns, specifically focused on bullish chart patterns today. The green highlight dots are to help identify the margins of the pattern and the purple highlighted dot is where a long entry can be taken.
While you're here 👀 See this related idea on EURUSD from the monthly timeframe:
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EURUSD 2HR CHARTWe have a sell opportunity for the upcoming week we can clearly see that the EURUSD has been on the uptrend for the past weeks making it a good opportunity for the reversal. which we already see it bounced from our key area and resistance at @1.09100 and it also broke the uptrend. we can expect a little pullback to get more orders around the resistance. overall for this following week we can expect a downtrend looking specifically for sell opportunities.
Trade safe everyone and let me know what you guys think about my analysis. Have a excellent week everyone. :)
EURJPY 1HR CHART SIGNALWe have a nice head and shoulders pattern on the 1hr time frame for EURJPY, there is also double confirmation coming from a good rejection from the 4hr resistance @144.486. we also see the breakout of the uptrend we currently had going on for the past week making it even better opportunity for the sell coming up.
A nice point of entry would be around @144.000, putting our SL right above the right shoulder which would be around @145.500 giving us a good space incase we see a small pullback allowing us to stay inside our trade. For our TP I am looking at 1-1 risk/reward so the first TP would be @142.500 and to maximize our profits I would aim for the seconde TP down to the 4hr support which would be around the @140.317.
SPX: Powerful Breakout! The Index Seems Unstoppable (For Now).• The SPX triggered the pivot point at 4k, which we mentioned in our last analysis, and the trend is now bullish (the link to my previous analysis is below this post);
• Now, the support levels are: 21 ema; 4k; and the lower purple trend line. The SPX would have to lose all these support levels, doing a downwards breakout from its Ascending Channel, in order to reverse the bullish bias;
• In the daily chart, the index broke the trend we talked about in our previous study, indicating that it is reversing the trend;
• What’s more, it triggered a bullish pivot point, as it broke the previous high at 4,039 after doing a higher low (3,909);
• Now it appears the index is seeking the next resistance at 4,078 (Futures already hit this resistance level);
• There is a possibility that the index triggered an Inverse Head & Shoulders chart pattern as well, indicating that the bullish reversal has just started. In this scenario we would easily hit the 4,200 in the next few weeks;
• I’ll keep you updated on this. For now, let’s pay attention to the movements in the 1h chart.
Remember to follow me to keep in touch with my daily analysis!
AMC Next Breakout $we had a good pump the last few days , now we inside a consolidation area between (5.50$/4.66$), once we break our current resistant at the 5.50$, we going to witness another pump towards the 6$ and the 6.70$.
on the other hand if we broke our support around the 4.66$, it's mean the short will drop the price to new low this year just above the 3.26$ first then to the bottom price for this year at the 1.26$.
GOLD H1Hello traders, GOLD is setting up for a downside move watch GOLD according to your own trading system or strategy and look for a short position trade setup opportunity.
I am currently watching price to hold around mentioned area and looking price movement for a short position setup, if price break the mentioned high then this setup will be invalidate.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck in trading.
NVDA: Bullish, But Be Aware of These Patterns.• NVDA is about to retest the previous top at $275.89, after a quick correction to the $258.50;
• NVDA is in a very strong bull trend, and the last correction couldn’t even hit the 21 ema in the daily chart;
• By breaking the resistance at $275.89, NVDA would trigger another bullish pivot point, reinforcing the bullish bias. Its next target is the $289.46, which is better seen in the weekly chart;
• However, it is important for NVDA to break the $275.89 as soon as possible, as if it does a top sign in this area, the market may see a Double Top – we discussed this possibility last week, in our last analysis (the link is below this post, as usual). If it loses the $258.50 (previous bottom), then it’ll give another confirmation sign of a bearish reversal.
• In the weekly chart, we see that NVDA reversed the bear market by doing an upwards breakout from its Descending Channel, and it triggered an IH&S chart pattern;
• The $289.46 is a previous top from March 2022, and it is a technical resistance for us now. It appears NVDA wants to hit this target. So far, there’s no top sign nor bearish reversal structures;
• In theory, a pullback before it hits its target would be normal, as pullbacks after the breakout of the neckline of an IH&S occur 65% of the time (Bulkowski, Encyclopedia of Chart Patterns);
• If NVDA triggers a sharp correction in the weekly chart, I see it retesting its 21 ema next;
• I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analysis!