FL - 20% upside continuation on 1D & Structure BreakKey EMA's all below.
Structure break
Momentum shift on RSI 1W chart
RR: 1:1 but if earnings are good this could shift to better RR of 1:2 or more.
Continuation
Market Overview Part 27Me Going Over My Blue Jay Strategy And My Robin Trap Strategy In Deep Detail. And Going Over My Trades This Week So Far!
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?
NRG ContinuationNRG is tightening up around its daily trend. Our premium indicator has also giving multiple blue continuation signals.
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!
gold BullishGold broke out of that range, giving a bullish indication after creating a lower high. We can look for buys above 2398 area with the recent highs in sight (2417) and overall high target of 2426.
Gold BullishPrice hit the first target of 2390 and pushed to give indication that it wants to continue higher. It’s busy correcting now and if 2362 area holds, we can see a continuation to the upside.
Buys valid above 2390
HBL POWER reclaims 10 & 20 EMA and poised for further growthHBLPOWER has seen a good reclaim of the 10 & 20 EMA after almost a consolidation of more than 10 days with 100% increase in volume on daily TF.
The company has a minimum 50% increase in sales QoQ growth for the last 3 quarters and close to 150% increase in EPS.
Good for swing traders. Can expect an upward momentum of a min of 20%.
Entry - INR 490 (Trade Initiated)
SL - (Day Low) - INR 454
TSL - According to your risk profile.
Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
AVTX - a potential continuation WATCHAVTX popped on a big revenue beat on March 28th. It is now priced at about 3% of the ATH
of last July. With the massive price jump came a 15X relative volume. The question is
whether price has retraced into support and can rally again in the next market session.
This remains to be seen. i will put AVTX on the top of my watch list and take a long trade
if I see signs of continuation with volume supporting the move.
ETH - Still Bullish 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ETH has been overall bullish , trading within the ascending channel outlined in red.
ETH is currently undergoing a correction phase but is expected to remain bullish as long as the $3500 support level and the lower red trendline hold.
🏹 For the next upward impulse to start , potentially leading to a movement towards $4000, a breakout above $3685 is required.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SMCI IS it overextended or hunting for thin air LONGSMCI is intimate with NVDA and the couple are doing quite well. I got some more at $750 and
2 days ago. Predictive Modeling is suggesting a $1000 price by Tuesday afternoon. That would
be a 33% return in less than a week. The chart shows the bull flag after the reversal out of
the down trend where I bought upon the mass index signaling. The AI indicator suggests
a slowly rising parallel channel with the upper boundary in the $1000 range. It suggests
an interval nano-dip in the premarket on Monday for a buy at the opening bell. I am good with
that. I have high confidence here due to the overall trend strength of AI. Software also
NOW, DDOG,CRM SNOW .......
IS UBER ready for continuation LONGUBER fell a little after good earnings. Apparently traders where disappointed. It then rallied
for three days to close out the week. The following week it retraced the rally for 2-3 days
and then consolidated for a week with a re-awakening of bullish momentum in the past prior
trading day. From here, I believe that UBER is ready for potential push to an ATH and gain
buying pressure along that way perhaps accelerated by short sellers liquidating their positions.
I will take a long trade here of both shares and call options.
TSLA - Understanding recent PA and analysis on what to look forOrange is the all important algorithm that will prove whether we are tapering on the buy side and need to continue to build liquidity. We will need yellow stronger buying continuation to break us out of this orange taper.
We now know why it hasn't happened sooner - because we've had the top of green channel in our way acting as strong resistance with orange. But the more green strays further up and away from orange, the more it's important for us to break out of that taper to prove continuation.
We will be back live streaming today at market open! Hope to see you all there.
Happy Trading :)
