Get started

Double Top or Bottom

POV: ULTRACEMCO - Edge of Channel BreakoutPOV: ULTRACEMCO - Edge of Channel Breakout 1️⃣ Channel Formation: The stock has been trading in a range of ~12–14%, forming a channel. The top of the channel has been tested 4 times, confirming it as a strong resistance zone. 2️⃣ Last Leg Setup: The last leg started with: - A double bottom pattern. - Divergence indicating reversal. - A bounce back after taking support at the 200 SMA. 3️⃣ Consolidation: After reaching the top of the channel, the stock is consolidating instead of pulling back—a positive sign for a potential breakout. 4️⃣ Flag Pattern: The 5-day consolidation appears to be forming a **flag pattern**, adding to the bullish sentiment. 5️⃣ Concerns: - Volume is around the average, lacking the confirmation of a spike. - Entry is set slightly above for safety due to range expansion, which is nearly 100 points away. Disclaimer: For educational purposes only, not financial advice. #NiVYAMi
NSE:ULTRACEMCOLong
by kzatakia
Unitedhealth Stock Qoute | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Unitedhealth Stock Qoute - Double Formation * 550.00 USD | Trend LIne Survey | Subdivision 1 * Retracement | Uptrend Bias | Main Entry At 485.00 USD - Triple Formation * Pattern Confirmation & Neckline Conditions Valid * 495.00 USD Trend Line Survey | Subdivision 2 * Flag Pattern & Top / Bottom Structure | 50% Retracement | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:UNHShort
by TradePolitics
*BA UPDATE* 2 weeks into the trade (21MAR24 200C) Original Chart STATUS UPDATE: If you got into the $200-205 C EXP 21MAR25 on 02DEC2024 you're probably sitting at around 65%-75% in the green. BA has moved roughly 40 points since its most recent low $137.03 on 15NOV2024, and roughly 15 points since we entered on 02DEC2024. I suspect we keep that same trajectory for the next 30 days and that will take us to our target with 2 months to spare. Alot of good catalyst have come out recently surrounding BA's production and employee strike settlements. We may have another pop here this week coming up due to potential FED rate cuts, sending us even closer to our target of $200 per share by 21MAR24. Upon looking at the charts I noticed BA actually formed more of a triple bottom which is even more bullish than a double bottom. The neckline break of around the $265 area could run us up into the $320 area, once the options chain opens up deeper in price I will take a look at calls deeper OTM. I have found major monthly resistance at the $320 area so if you decide to diamond hands through the break our next trajectory will take us into the $380 area. At the point I would be all out when price starts to enter Monthly supply from $384-447 expect a major rejection off this area and DONT BE A BAG HOLDER..... - I got caught bag holding PLTR after making good money on them the week before. Keep in mind were looking to make money on BA all year. Keep your eye on the prize, as I hop into more calls in the future I will inform you all of the strike price, Date of EXP and entry price P.S. dont get caught up in the little intra day moves and little losses here and there, "When in doubt, Zoom out"
NYSE:BALong
by EddieMoniee
4
Grupo Televisa (ADR) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Grupo Televisa (ADR) - Double Formation * Descending Triangle | 2.50 USD | Downtrend Continuation * Top / Bottom Structure At 2.00 USD | Subdivision 1 - Triple Formation * 012345 | Wave 3 | Survey Conditions | Subdivision 2 * Retracement ((50)) | Reversed Wick Rejection At 1.90 USD * 012345 | Wave 5 | 1.15 USD Entry Bias | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:TVShort
by TradePolitics
Babcock & Wilcox Enterprises, Inc | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Babcock & Wilcox Enterprises, Inc - Double Formation * Cup & Handle | Entry Area | Survey Settings | Subdivision 1 * 3.40 USD | Flag Structure | Pivot Point - Triple Formation * Top / Bottom Structure | Downtrend Bias | Subdivision 2 * Flag Structure At 1.80 USD | Trend Continuation * Behaviour & Entry | Daily Time Frame | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:BWShort
by TradePolitics
Nikola Corp (Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Nikola Corp (Extended Hours) - Double Formation * A+ Set Up At 12.0050 USD * 012345 | Waves Not Numbered | Subdivision 1 - Triple Formation * Retracement 1)) | ((50)) & 0)) / Survey Limited Entry | Subdivision 2 * Triangle Pattern | Survey | Subdivision 3 * Top / Bottom Structure | Reversed At 6.1000 USD Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:NKLAShort
by TradePolitics
NIO Inc - ADR (Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # NIO Inc - ADR (Extended Hours) - Double Formation * 6.05 USD | Resistance Area | Reversed * 3.55 USD | Support Area | A+ Set Up | Subdivision 1 - Triple Formation * Retracement | Full Survey | Short Entry At 7.65 USD | Subdivision 2 * Pennant Structure 1 & 2 | Downtrend Entry Survey * Behavioural Time frame | Daily Settings | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:NIOShort
by TradePolitics
SHDWUSD 12/13/2024SHDWUSD 4HR Chart Analysis Overview: • Release Date: Mid-April 2024 (Coinbase). • Initial Trend: Entered a step-down downtrend from release through October 2024. • Current Context: Found a potential floor at the beginning of November 2024, followed by a sideways movement during the month, suggesting accumulation. Pattern Formation: • Reversal Pattern: Price formed a Double Bottom or Cup and Handle pattern during November. • Breakout Confirmation: o December 4-5: Price broke through the neckline of the reversal structure. o Indicators: Increased momentum, MACD crossing above its signal in bullish territory, and a spike in volume confirmed the breakout. Recent Price Action: • After the breakout, the price consolidated, forming a Bull Flag pattern. • December 13th: Price broke out of the bull flag, pulling back to its previous resistance level, now acting as support, along with the 20-day EMA. This presents an excellent entry opportunity. Trade Setup: • Entry: $0.949 • Stop-Loss: $0.783 (-17.49%) • Target: $2.124 (+123.81%, 7.08 RR Ratio) Summary: SHDWUSD shows strong bullish signals with confirmed breakout patterns (Cup and Handle, Bull Flag). With support from the 20-day EMA and MACD momentum, it offers a high-potential long trade setup.
COINBASE:SHDWUSDLong
by rudcharts
DigiByte / USD | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # DigiByte / USD - Double Formation * 0.00870 USD | Trend Line Entry * Wave 2)) | Retracement Area At 0.00670 USD | Subdivision 1 - Triple Formation * 012345 | Wave Uptrend 3)) / Support & Resistance | Subdivision 2 * 0.02070 USD | Top / Bottom Structure Survey * Trend, Behaviour & Entry | Daily Time Frame | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:DGBUSDLong
by TradePolitics
Cettire Ltd | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Cettire Ltd - Double Formation * 2.450 AUD | Downtrend Area | Subdivision 1 * (1) Retracement | Bias On Hold - Triple Formation * Neckline At 1.670 AUD | Subdivision 2 * 012345 | 345 Template | Subdivision 3 * Trend, Behaviour & Entry Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:CTTShort
by TradePolitics
RNDR | BULLISH ALTS | RNDR Incoming ATH Render has been one of my top alts since Jan 2024, and it hasn't disappointed, currently standing at 140% increase, and if you account for the ATH in March, 245%. As Bitcoin trades range we're patiently waiting for Ethereum to make a new ATH. This will encourage the rest of alts to make a final push up, that is AFTER ETH made a new ATH. That's why it's so important to watch Ethereum, and the Bitcoin dominance chart. More on that topic HERE: ____________________ GEMINI:RNDRUSD
GEMINI:RNDRUSDLong
by CryptoCheck-
3