Trade Review - UPST
Added UPST to the watchlist on October 27 due to a bullish continuation pattern on the daily chart. A quick look at the higher timeframe showed that the price was near the upper extreme of its range, with an earnings report date approaching as a precaution.
I closed the position within the measured move range (based on the assumption that the stock would maintain a similar range and volatility). However, expect that events or shifts in market behavior can move prices short of / outside this projection.
Trade Overview
• Structure: Bullish Continuation (D) / Range (W)
• Position: Near Mean (D) / Inside Range (W)
• Entry Trigger: Failed Breakdown (BIR) at EOD
Entry Details
• Entry Price: 50.26
• Stop Price: 45.41 (1.7 ATR)
• Target Price: 72.24
• Expected Risk/Reward: 4.55 R
Exit Strategy
• Exit Price: Closed 80% at 1R and rest into 72.24. Precaution into ER.
Continuation
Trade Review - IBTA
Trade Overview
• Structure: Bullish Continuation (Daily) / Bearish Pullback (Weekly)
• Position: Near Mean (D) / Extended from Mean (W)
• Entry Trigger: Range Expansion / Breakout
Entry Details
• Entry Price: 65.38
• Stop Price: 59.55
• Target Price: 76.33
• Expected Risk/Reward: 1.88 R
Exit Strategy
• Exit Price: 76.24
Performance Summary
• Result: Total 16.5% move with a 1.88 R
Bear Flag w/Confirmed Bearish Break - EGHere I have EUR/GBP on the Daily Chart!
Price gave a Bearish Break to the Ascending Channel which confirms we are seeing a Bearish Flag.
-The Volume behind the Candle that Broke the Ascending Channel signifies that it was a Strong and Valid Break
Being a Continuation Pattern, I suspect we will see Price Retest the Break of the Ascending Channel and continue Downward!
-Looking for a retest in the ( .8430 - .8435 )
Indicators:
- Price trading Below 200 EMA
- RSI Below 50
- BBTrend Printing Strong Red Bars
- Volume showing Bears accumulating
$VRT Head and Shoulders Failure Signal Note: I am LONG NYSE:VRT
A Head and Shoulders failure pattern occurs when prices break below the neckline, suggesting a potential reversal to an up-trend; however, the move lower does not gain traction. Instead, prices drift higher until trading above the previously defined Right Shoulder high.
My long entry triggers when price > right shoulder high, which invalidates the bearish setup, and signals a continuation of the up-trend as trapped short sellers are forced to cover. Often times, this amplifies the momentum in the move higher.
Past performance is not indicative of future results. Opinions are not positions, and vice versa.
LLC long to next levelLLC is in a 6 year decline, but above 150 day EMA.
Strong earnings caused an impulse move that then lead to a tight consolidation range.
Entered on BO, targetting PoC of next level.
Potentially a reversal on the weekly starting to form, but that will take a lot longer to play out. This is a simple swing trade targetting 7.70
NQ Futures Daily Bullflag to $22,000After a sudden drop from ATHs and a big rebound, a daily bullflag formed into month end setting September up for a very big run.
Upside PTs are: 20150, 20300, 20450, and 22000 if a break above the previous ATH to finish out the bullflag
SL would be invalidation of the flag
GBPCHF Down Trend ChannelGBPCHF is currently making lower lows, signalling a bearish trend. It recently hit the 50% retracement level on the daily timeframe and is now approaching significant resistance around 1.12500, near the upper edge of the channel. The price has been consolidating since April but has since broken out of that range. The market is now pulling back to retest the lower boundary of the former consolidation zone. This could be a classic breakout-pullback-continuation pattern. The last two daily candles are doji candles, indicating market indecision. If the price breaks below the lows of these doji candles, we could see an impulsive move down, reinforcing the bearish sentiment. The target is the support level at 1.09875
More drops to come; lowerr than 50K. Buy zone around 30K zomeNot going to say much but we all could be wrong or right .. correction isnt over and the sell confirmed for more drops and more correction.
Feeling will drop back down to low 50K again; perhaps it can lower than that; i found the support around in the low 30K area.. so might expect the correction to finish in the 30K zone before skyrocket to the new ATH.
The correction should be finish ill say around end of july into the beginning of august or mid-july and will bulls take off from there and should expect to hit 120K before november or into October.
Im not financial advisor; just the correction isnt finish yet so get reedy for more drops. What are your thoughts?
USDCAD: Thoughts and Analysis Today's focus: USDCAD
Pattern – Continuation
Support – 1.3715
Resistance – 1.3780
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at USDCAD on its daily chart.
Looking back at price, we have evidence that a continuation is trying to form. After the first break higher, which broke out of the move lower, we saw consolidation, which has now also broken higher.
Will we see today's bar post a strong close, showing buyers are set to push through the rejection that we have seen in the last several sessions?
We want to see a firm close and a hold above support; otherwise, sellers could be setting up for a new test lower.
Good trading.
BENDOGUSDT | Ready for Continuation?Market Context
Is BENDOGUSDT primed for continuation? The price action suggests it's more than likely!
Chart Analysis
Both the daily and 4H timeframes are painting a promising picture. We've got momentum on our side, and the charts are aligning for a potential breakout.
Strategy
While nothing is ever certain in trading, this setup looks incredibly strong. I'm betting on a continuation and excited to see how this plays out.
Let’s watch BENDOG soar—stay tuned!
SG post-trade ReviewSG was a textbook continuation setup that we took last week. SG had a massive reaction to earnings in early May and had been flagging ever since. Our premium indicator printed a blue continuation bar and then the next day printed a continuation arrow. This combination of technicals with SGs relative strength compared to the rest of the market gave us the confidence to execute.
XU D Buy Idea 5/18/24I previously posted an idea "XU W Sell Reversal OR Sell to Buy Idea 5/4/24". Price did not sell and immediately continued bullish. Looking for price to still head to the -27% FIB area around 2555.32 for final TP from the previous trade idea. Currently in a buy with TP actually set for the -27%, while looking for another pullback on the daily to get another entry.
**This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
BTC - Ready For Some Action?Hello TradingView Family / Fellow Traders,
As per my last analysis, BTC rejected the $60,000 support and traded higher.
What's next?
Scenarios:
1️⃣ Bullish - Continuation
For the bulls to maintain control, a break above the $72,000 resistance is needed.
In this case, a movement towards the $80,000 resistance would be expected.
2️⃣ Bearish - Correction
In parallel, if the last low marked in red is broken downward, we expect the bearish correction to start leading to a movement towards $60,000.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
USD Waving The Flag in AU?!Here I have AUD/USD on the 1 Hr Chart!
Tonight, we have seen Price make a drastic turn to the Upside back into this Descending Channel it was traveling in last week!
With this False Break of the Falling Support, could we see the appearance of a BULL FLAG?!?!
Now with a Bull Flag, we expect valid tests of both the Falling Resistance and Falling Support!!
So far, we've had 2 tests and a False Break of the Support but we are missing a 3rd test of the Falling Resistance!
With Price using this Local Support level, I believe we could see that 3rd test of the Resistance!!
Now with NZD Low Inflation Expectation Results tonight, we're seeing some strength being put into AUD!!
Fundamentally for the rest of the week:
AUD-
Wage Price Index (Tue) Employment Change, Unemployment Rate (Wed)
USD-
PPI, Powell Speaks (Tue) CPI, Retail Sales, Empire State Manufacturing Index (Wed) Unemployment Claims (Thur)
BTC - Make or Break Zone 📈📉Hello TradingView Family / Fellow Traders,
As per my last analysis, attached on the chart, BTC broke above the accumulation phase and traded higher.
Currently, BTC is hovering around the upper bound of the range.
What's next?
Scenarios:
1️⃣ Bullish - Continuation
For the bulls to maintain control, a break above the upper bound of the range at $72,000 is needed.
In this case, a movement towards the $80,000 resistance would be expected.
2️⃣ Bearish - Correction
In parallel, if the lower red trendline is broken downward, we expect a bearish movement towards the lower bound of the blue channel.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
BTC - Bullish Continuatio?Hello TradingView Family / Fellow Traders,
📈As per my last analysis, BTC broke above the accumulation phase and is currently trading higher.
What's next?
For the bulls to maintain control, a break above the structure marked in blue is needed.
🏹In such a scenario, a movement towards the upper orange/blue trendlines and $70,000 round number would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
ETH - Bullish Continuation⁉️Hello TradingView Family / Fellow Traders,
📈As per my last analysis, ETH broke above the previous major high at $3000 and is currently trading higher.
What's next?
ETH is currently bullish short-term trading within the rising wedge pattern marked in orange.
🏹As long as the lower orange trendline and the $3000 support hold, a continuation towards the upper bound of the orange and blue channels would be expected around $3333.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
AMD Continuation Wedge Bull FlagAmd continuation wedge momentum and bull flag can see NASDAQ:AMD Hit the 162/165 level in the short term this week and 180/190 level in the next few weeks. Add in NASDAQ:NVDA earnings and we could see a good pop . These are just technicals anything can invalidate them like fed actions or fed speak, tariffs, literally anything can invalidate them.
Sights Set HIGH for EURJPY?!Here I have EURJPY on the Daily Chart!
Currently you can see price back up at the Resistance Area of ( 164.3 - 165.3 ) after having tested the Rising Support 4 times with each time successfully having Strong Bullish reactions ... this Price Action has formed what looks to me to be a Bullish Triangle Pattern!
Fundamentally, there's a lot to unpack but with JPY trading down at its 34 Yr Lows and the ECB looking at Rate Cuts soon .. Fundamentals could play a key sticky role!
- EUR has their Final CPI and Final Core CPI y/y tomorrow morning followed by Lagarde Speaking so lets see how things begin to play out!!
Technically, with this potential Bullish Triangle we are looking for continuation of this markets trend prior to entering this pattern! Back in Dec. '23, price made quite a Bullish Recovery off the 200 EMA and has shown great Bullish Momentum thus far!
*If Price gives a solid Break and Close ABOVE the Resistance Area, this could give us a good area of potential Buy Entries
-Beware of FALSE BREAKS!!
*If Price Breaks and Closes BELOW the Rising Support, I'm no longer interested in looking for Buying Opportunities!