XRPUSD - Long - Ascending TriangleOn the chart we can see an ascending triangle. This is a bullish pattern when the pattern get validated. The pattern gets validated when the price breaks out of the upper line of the triangle. Only enter the trade when this happens.
When this plays out a 20% increase can be possible. Take profits when the price hits the targets.
All further details are shown on the chart.
Goodluck!
Chartpatterntrading
XAUUSD, SHORT Resault: 390pips✅The beautiful price structure of gold is being prepared for a very hearty and profitable short-selling position and I will enter the sell from the specified range.
According to my risk and capital management system, the risk of each trade is one percent per position.
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XAUUSD, SHORTThe gold pullback to the broken bottom is complete and is descending towards the target range.
By observing the capital and risk management, it is possible to re-enter shorts or take a new position.
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According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
What symbol would you like me to analyze for you?
xauusd shortThe beautiful price structure of gold is being prepared for a very hearty and profitable short-selling position and I will enter the sell from the specified range.
According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
What symbol would you like me to analyze for you?
Bullish Pennant on EUR/USD @ D1This chart shows a bullish pennant on the daily chart of the EUR/USD currency pair. It provides a bullish breakout opportunity. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (1.02706), it is placed at the low of the pennant area. My potential take-profit level is marked with the green line (1.08170), it is placed at the pole's length above the SL. I will wait for the price to close significantly above the upper border of the pennant area to execute a buy trade here.
Bearish Pennant on USD/JPY @ D1This bearish pennant pattern has formed on the daily USD/JPY chart as a longer-term downtrend seems to have started. The pole and the pennant borders are shown with the yellow lines. The stop-loss level (the red line at 140.793) is set to the highest point of the pennant area. The take-profit level (the green line at 132.667) is set to the pole's length subtracted from the stop-loss level. I will open this position only if the currency pair closes significantly below the pennant's lower border.
Ascending Triangle on EUR/CAD @ H4The 4-hour chart of the EUR/CAD currency pair is showing a classic occurrence of the ascending triangle pattern. It can now be used for a bullish breakout setup. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line. My potential take-profit level is marked with the green line. The stop-loss is to be set to the triangle's lowest point at 1.36866 (the red line). I will ignore downside breakouts from this uptrend continuation pattern.
NIO: Trading in a Critical Support Level! What to expect next?• NIO is in a critical key point right now, around the support level of a Bearish Flag chart pattern;
• Since last week, NIO has been dropping while the volume was low, a sign of weakness;
• If NIO triggers this bearish flag, it’ll resume the bear trend and the next technical support for it would be the purple trend line in the weekly chart, below the $8;
• In order to avoid such bearish scenario, NIO must react as soon as possible, and do a bullish sign above its support in the daily chart;
• Only if NIO breaks this Flag Pattern upwards I see it reversing the bear trend;
• For now, let’s pay attention to these lines. NIO was a great stock to trade a few weeks ago, but for now, I’m cautious and I would wait for a clear sign before assuming anything,
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Allcargo Logistics analysisALLCARGO LOGISTICS
9EMA - 454.95
20EMA - 438.80
50EMA - 409.60
100EMA - 379.3
200EMA - 344.2
Good ROE(Last 5yrs) - 14%+
EPS has grown from a range of 6 to 42(current)
Strong cash flow
Strong ROCE(26) over the past 5yrs(15)
Improved Book value(148cr) compared to 5yrs back(80cr)
Zero pledged percentage
Recently created a new 52nd week high
Stock P/E(11) vs Industry P/E(25)
This Stocks benefits from lower Crude Oil prices
An undervalued stock which has great potential to grow
Technically Strong Stock
RSI showing strength
Continuation of good volumes for this stock could end up with a new HIGH
Recommended for a buy at CMP or on dips for a target of 490+ with a stop loss of below 455
TSLA: We nailed the TOP! Is there a BOTTOM now?• We nailed the previous top on TSLA, thanks to the dual-confirmation of the Bearish Flag (1h) + Resistance at $198 (D). The link to my previous analysis on TSLA is below this post, as usual;
• Now TSLA just hit its technical support at $177, as expected. There’s not a single bullish reaction on it yet, but if we see one, the timing would be perfect;
• By losing the support at the red line, TSLA would just resume the bearish sentiment, and the next target would be something around $150 - $130;
• The volume is very low, and TSLA is just very weak at the moment. What if it reacts and triggers a reversal? The $198 would be the next target, as this is our main resistance to break in the short-term. I’ll keep you updated on this, as usual.
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Symmetrical Triangleokay guys I've ghat this one symmetrical triangle chart pattern drawing up on GMT, with respect to bitcoin other ALT coins will react accordingly. keep this one on your red flag list. we wait for a breakout and a possible retest but then make due and get your ARSENALS READY for this
OXY: Trend Analysis + Key Points to watch from here!• Since OXY found a top around $76 (red line), it triggered a sharp correction to its Fibonacci’s Retracements;
• There’s still a chance OXY will remain bullish, and break the previous top, however, it must react as soon as possible around the retracements;
• The key point seems to be the 61.8%, which did a very good job holding the price a few days ago (Nov 09), when the volatility increased;
• Only if OXY loses the 61.8% it’ll frustrate any possible bullish bias in the mid-term, and it would seek the next support at $62;
• In addition, the 61.8% retracement is the trigger point of a possible Double Top chart pattern;
• Therefore, let’s pay attention on how OXY will react around the retracements.
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GBPUSD > The Perfect Setup for A Buy Entry!!Analysis of #GBPUSD
Hi traders, today we will have a look at #GBPUSD
the GBPUSD is in this beautiful wedge pattern as you can see on my chart, the market tested its trendline resistance and now started a move down, if you check y previous ideas on the GBPUSD where I explain why I expect the pound to move lower.
now, there is a very good support zone that coincides with trendline support near the 1.165-1.1600 key market level.
if the market drops to my key market support level I will drop a one-time frame looking for a bullish reaction to get in a buy trade with good reward to risk if the rules are met.
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AAPL: A TOP sign? What's next on it?• Since our previous post, AAPL did everything it should do, as we expected, filling our last gap, and it hit our key resistance at $152 before doing a top sign yesterday (the link to my previous analysis is below this post, as usual);
• Now, this might indicate a correction, and in this scenario, the Fibonacci’s Retracements are the next support levels to work with;
• Although there’s no clear buy sign right now, any bullish reaction near a key support could be a buy opportunity, with a good Risk/Reward ratio;
• It seems the only thing AAPL has to do in order to correct is to trigger the H&S chart pattern in the 1h chart;
• In addition, the volume is low in the past couple of days, another weakness sign;
• Therefore, I would pay close attention to the retracements from now on, especially if AAPL triggers a bearish pattern in the 1h chart, as there’s a good chance one of them will work as support next.
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TSLA: Another BULLSEYE! What to expect next?• Since our last analysis, TSLA hit our target around $179 with an astonishing precision, and now it seems it wants to bounce again (the link to my previous analysis is below this post, as usual);
• In the 1h chart, it seems TSLA is in a bull trend, as it is doing higher highs/lows, and it triggered an IH&S chart pattern as well. However, I noticed recently that it might be trapped in an Ascending Channel, which could become a Bearish Flag;
• In order to avoid a bearish scenario, TSLA must react as soon as possible, and break the $198.55. As seen in the daily chart, this key point was a previous support, which is working as a resistance now;
• In addition, if it triggers the bearish flag by losing the support at the purple trend line, it will frustrate any bullish thesis;
• Therefore, the key points to watch are the purple trend lines and the $198 area. The next movement will probably be dictated by the breakout of one of these two lines.
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Ascending Triangle on USD/JPY @ D1The daily chart of the USD/JPY currency pair has consolidated in the form of an ascending triangle following a long-term uptrend. It can now be used for a bullish breakout setup. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line. My potential take-profit level is marked with the green line. The stop-loss is to be set to the triangle's lowest point at 138.265. I will ignore bearish breakouts from this trend continuation pattern.
Bitcoin Bullish Perspective Analysiscurrently, we are seeing the bitcoin price breakout, and respecting the falling wedge pattern, the support trendline held the price nicely with bullish divergence on MACD as additional evidence for a reversal signal. personally, I only conclude that bitcoin in a bullish phase when it's successfully breakout the 22500 resistance level. good luck!
**Disclaimer** the content of this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
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AMD: Hit a MAJOR RESISTANCE! What's next?• AMD is in a very strong bull trend, since it broke the $62 area, triggering an Ascending Triangle chart pattern;
• Now, AMD is in a resistance area, as seen in the weekly chart (blue area);
• This resistance area is a key point where AMD found support level multiple times in the past, and now, it is near the 21 ema as well;
• If AMD does any weakness sign in this area, it might correct again (there's no clear top sign yet, but one might occur soon);
• However, as long as it stays above the $62, the bullish bias would persist, meaning, any pullback would be anoher opportunity to buy, despite any possible short-term pullback in the next few days;
• The situation is critical on AMD, so it is very important to keep our eyes open in this area.
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XRPUSDT | Downtrend Channel Wave Projection TP -30% and -50%> ABC correction with the major C leg downtrend ending diagonal pattern - possible final 5-wave at 0.5 fibonanci extension level -30% and 0.618 level -50% if break below the current key support.
> The price is currently trading below SMA50 and SMA200 and RSI TFW bearish signal broke below MA line below 50.
> An upcoming RSI bullish divergence in TFW could be possible - stay in wait and see mode for price confirmation.
Always trade with affordable risk and respect your stoploss, nothing 100%
PYPL: A classic Descending Broadening Wedge!• PYPL is doing a Descending Broadening Wedge in the weekly chart;
• This week it went up almost 20%, and it is in a key resistance area, made by the upper purple trend line and by the 21 ema;
• In theory, PYPL would correct next week, however, if the bullish momentum persists, PYPL would break this Descending Broadening Wedge, and in this scenario, the next resistance is the $122 (green line);
• The volume is increasing, which reinforces the idea of a breakout;
• For now, let’s pay attention to this resistance area.
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QQQ: In a critical RESISTANCE area! What's next?• QQQ is in a resistance area around $284, which did work as a resistance twice since October;
• Now, if it confirms a top sign around this area (any bearish candlestick pattern would work, like a Shooting Star, Bearish Engulfing, DCC, etc), it’ll confirm a Triple Top chart pattern, and QQQ would do a sharp correction from here;
• However, if QQQ breaks the resistance, it’ll reverse the bearish sentiment and will probably keep climbing for the next couple of weeks - it all depends on how it'll close today;
• Either way, QQQ looks interesting. Let’s keep our eyes open at the $284 area.
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