Arbitrum back to a DollarA distinct W pattern has emerged, leading to a breakout that has been both triggered and retested at the breakout level.
Here are the target levels for this straightforward technical setup for your enjoyment!
Double Top or Bottom
SILVER (XAGUSD): Intraday Selling Opportunity?!
Silver may retrace from a key intraday/daily horizontal resistance.
As a confirmation, I see a tiny double top pattern on an hourly time frame.
I expect a bearish movement at least to 30.41 level.
❤️Please, support my work with like, thank you!❤️
JUBLINGREA : DOUBLE BOTTOMNSE:JUBLINGREA has displayed a strong reversal pattern on the chart, forming a double bottom structure. This is a bullish indication, signaling a potential trend reversal. Today's price action has confirmed the breakout above the neckline, marking a critical turning point for the stock.
Technical Analysis:
Double Bottom Formation: The stock formed two distinct lows at approximately ₹643, showcasing strong support at this level.
Neckline Breakout: Today, the stock decisively broke above the neckline at ₹ 765, accompanied by increased volume, validating the breakout.
Entry: Enter near the breakout level at ₹765.
Stop Loss: Place a stop loss below the neckline at ₹ 733, ensuring protection if the breakout fails.
Jubilant Ingrevia's breakout above the double bottom neckline is a bullish signal, indicating a potential upward move. Traders can look to capitalize on this momentum, with well-defined entry, targets, and risk management. Monitor for sustained buying pressure to maintain conviction in the trade.
Disclaimer: This analysis is for educational purposes only. Always conduct your own research or consult with a financial advisor before making trading decisions.
COCHINSHIP :NSE TRENDLINE BO DTF/WTF POSITIONAL NEW Stock Analysis
Trade Plan:
Entry: 1580 50% of the total quantity at DTF Close, with an additional 50% added at 2130 DTF Close Price.
Stop Loss: 1340
Target 1: 2100
Target 2: 3000
Hold for a period of 6 months to 1 year or until the target 2 is reached.
Chart Pattern:
The stock experienced A BULL RUN FOR 6MONTHS period to touch an all-time high (ATH) of 2999 . A CONSIDERABLE PULL BACK FOR A MONTH AND NOW
Technical Indicators:
The stock’s daily timeframe (DTF) shows that the price is trading TODAY above the 50-day exponential moving average (EMA) and the 50-day EMA above the 200DEMA. The EMAs are in Ascending sequence of alignment. A potential bullish trend in formation on the DTF/WTF timeframe. The 20 DMA has turned upwards starting a bullish reversal and is below the 200DMA indicating an Early Entry
Volume Analysis:
There has been a gradual drying up of volumes on the sell side. There is buying in the past 4 days above the 20VMA. Price Breakout has been done yesterday and retest today take entry as recommended in Trade Plan.
Prioritize Watch List:
Keep this stock in your watch list for further analysis and potential trading opportunities.
Disclaimer: This information is solely for educational and reference purposes. Trading inherently carries risks, and it’s crucial to exercise caution and conduct comprehensive research before making any investment decisions. Make sure you have a well-defined risk appetite, proper position sizing, and a stop-loss order based on your risk tolerance. Review your Portfolio periodically. Exit positions when the price closes 7-8% below your entry point or Earlier basis your Risk profile. Consider re-entering the market when the trend reverses.Before engaging in any trading activities, it is paramount to thoroughly comprehend these technical analysis concepts and conduct extensive research on the stocks you are interested in. Furthermore, consulting a certified financial advisor can offer valuable insights and guidance before making investment decisions.
Technical Analysis Concepts:
Multiple Time Frame Analysis (MTFA):
Daily Time Frame (DTF): Used for short-term analysis and identifying trends.
Weekly Time Frame (WTF): Provides a broader perspective and helps in trend confirmation.
Monthly Time Frame (MTF): Ideal for long-term analysis and trend analysis.
All-Time High (ATH): The highest price reached on a specific chart.
Lifetime High (LTH): The highest price reached over the entire chart’s history.
Stop Loss (SL): A predetermined price level at which an investment is automatically exited to limit potential losses.
Swing Trade: A trading strategy that involves holding positions for a significant period, typically few weeks to months.
Positional Trade: A trading strategy that aims to capitalize on long-term trends and position oneself accordingly.
CHART PATTERNS
Rounding Bottom Cup/Handle (RBC&H): A pattern that signals a potential reversal from a downtrend.
Breakout (BO): A price move closure above a resistance or below a support level.
Flag & Pole BO: (F&P BO) Bullish Continuation Pattern
Consolidation : Price Typically Swings between a Range for a period of Time Long or Short basis the MTFA. Breaking out of this range UPWARDS is an opportunity to BUY and DOWNWARDS is SELL opportunity.
Moving Averages:
Exponential Moving Average (EMA): A popular moving average that places more weight on recent price data.
Volume-Weighted Moving Average (VWMA): A moving average that gives more weight to high-volume stocks.
Fibonacci Retracement/Extension:
Trend-based Fibonacci Retracement: Used to identify potential support and resistance levels during re-tracements.
Trend-based Fibonacci Extension: Used to identify potential breakout levels during extensions.
US100 daily time frameGood morning traders, I have been quiet for a while, I hope everything has been going well.
My US100 daily tf analysis. I have posted the daily analysis on this pair before, hoever this is an update on how it is playing out. If you look at the left of the chart, you can see that market reversed after an uptrend(cant be seen) I want to point out the 3 levels that price moved down after this reversal(marked on the chart). After these 3 levels of retest and fall, The market then formed a massive double bottom, which was made up of 2 smaller double bottoms as shown on the chart. We have been buying this pair for over a month now, with sells in between(because market always has to retrace) So as it stands now, market had formed the double bottom on the daily time frame, so we are in for very strong buy, for the next few months if this reversal is respected as analysed.
Price at the moment has broken above the 200 and 800 ema resistance, making it a support. Price went down to retest that zone the day before yesterday, and yesterday it began the move up. So I expect buys on this pair, and will wait for the correct signal to enter, as I closed my sell trades yesterday from the day before.
SOL Breakout on the Horizon!SOL has been flashing some strong bullish signals lately. It formed a reverse head and shoulders pattern in August, with a classic cup and handle within. Then, in early October, a double bottom formed on the right shoulder of the reverse head and shoulders. Now, with candlesticks looking to break out of a bullish wedge, all signs point toward a potential breakout. The technicals are aligning, and significant gains are on the horizon.
NBCC recover from 0.786 level with double bottomHello Fellow Traders,
NBCC price was at the edge of level 1 and the price broke the level 0.786 of Fibonacci trend retracement and forms the double bottom pattern as double confirmation for entry long.
Consider 0.786 as the stop loss if the price fails to go as predicted and enjoy the profit if the price further breaks the 0.5 level.
Happy Trading!!!
#W is it finally time? The last time that W didn't work out, we kept on dipping lower.
Is it finally time now for W to have a W breakout??????
DELL - Large Double TopA clear Double Top on this Weekly timeframe, a good time to sell into the bearish movement.
I expect price to move down towards the upward trend line in green and recover from there.
Bearish
IGM Biosciences 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
# IGM Biosciences Inc
- Support=0 | 012345 | Wave Template
- Wedge Structure | Bias On Hold
- Double Formation | Retracement
- Invalid Target | Hypothesis Alignment
- Awaiting Target | Structure Area
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
iShares MSCI Brazil | 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
# iShares MSCI Brazil
- Hypothesis Entry Bias | Neckline Alignment
- Support=0 | 012345 | Wave 1
- Triple Formation | Inflicted Short Set Up
- Awaiting & Invalid Target | Daily Confirmation
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
Harmony ONE Tripple Bottom 100% - 1000+% Harmony ONE is attempting to break out of a Tripple Bottom trend change pattern. If it can hold above the point of control, we could see 270% upside.
There could be a pull back on the daily, as long as we consolidate above $0.02, quadruple bottom, could 10x in alt season.
POV : MAZDOCK : Is ready to rock again ?POV : MAZDOCK : MAZAGON DOCK SHIPBUIL LTD
Is ready to rock again ?
Chart Reading:
1. Took Support at 0.5 FIB Level
2. at the Fib Level create a kind of Double Bottom pattern
3. Closing Base Trend Line break on 10th Oct and then after face resistance at another High base trend line(red).
4. in the previous session, try to breakout fractal high but selling pressure clearly seen.
5. Recent fractal high break with Marubozu Candle and also close above previous session High.
? Upcoming session will it break trend line
if it is then action plan will execute else waiting...
For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions.
#NiVYAMi
GBPJBY - BEARISH DOUBLE TOPHello Traders !
On Monday 28 Oct, The GBPJPY reached the resistance level (198.662 - 199.522).
The price formed a double top pattern.
Currently, The neckline is broken !
So, I expect a bearish move📉
_______________
TARGET: 190.790🎯
$DOT possibility I'm still here and in the background.
Its good to look back at some of ideas even from 2019
I do more swing investing now. Lot easier and you can win
I'll be posting a few ideas
textbook wyckoff accumulation?multiyear wyckoff accumulation on LHA stocks. Watching closely.
it will take some time to achive targets, but should not make LL.
Moving averages are done as well (opponent is weekly MA200, but it is laggy).
BJs Wholesale Club Holdings | 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
# BJs Wholesale Club Holdings
- Entry Bias Hypothesis | Trend Infliction
- Resistance Level | Double Formation
- Wave Structure | Retracement Set Up
* 012345 | Double Bottom(Subdivision)
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
SPDR S&P Retail ETF | 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
# SPDR S&P Retail ETF
- Double Formation | 012345 & Triangle
- Pennant Structure | Uptrend Continuation
- Retracement | 0.382 Area(Retest)
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
SPY Double Top Triple Top?Possible Double or Triple Top on AMEX:SPY ?
The SPY has been hitting the same resistance level of 600.80 for the past two days. First, on November 24, 2024, and again on November 25, 2024, before pulling back.
This repeated testing of the same level raises the question: are we forming a double or triple top? Will the SPY fail to break through this level, or will it finally push past it?
Only time will tell, but we should be aware of this potential technical pattern.
Double Top
Two consecutive peaks: Two highs occur near the same price level, with a moderate decline between them.
Valley in between: A noticeable low forms between the two peaks, which serves as a support level.
Neckline: A line connecting the valley lows forms the neckline.
Breakdown: The price breaks below the neckline, confirming the Double Top pattern.
Volume: Decreasing volume on the second peak and increasing volume on the breakdown.
LTC/BTC Double Bottom Deviation / PO3 SetupFriends. I come baring a vision for the future. Little to stay. The chart speaks for itself. May the stoic lion strike take this gift po3 setup.
Invalidation should we make any new lows now.
This is all. Goodluck.
Gold 15minGold trading in india in hindi for beginners chest workout and I am in hindi for beginners chest workout for beginners chest workout for men and I am not promoting the Best trading strategy in the world and I am not able for the same I am not promoting the same I am not promoting anything for me to get that account back to you in the world and the same time, auto key suggestions 😁
BTCUSD faces a short-term correctionOn the 4-hour chart, BTCUSD formed a short-term double top pattern. At present, attention can be paid to the resistance near 95800. If the rebound is not broken, it is expected to continue to fall, and the downward target is the 88700-92000 area below.
Lindblad Expeditions Holdings | 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
# Lindblad Expeditions Holdings
- Entry Bias Hypothesis | 012345 Wave Infliction
- Triple formation | Uptrend & Subdivision
- Pennant Structure | Wave 3 Continuation
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
