DFEN ETF forms bullish "Upside Breakout" chart patternDirexion Daily Aerospace & Defense Bull 3X Shares forms bullish "Upside Breakout" chart pattern
"Upside Breakout" chart pattern formed on Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN:NYSE). This bullish signal indicates that the stock price may rise from the close of $21.91 to the range of $24.60 - $25.20. The pattern formed over 50 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price broke upward out of a trading range suggesting we're entering a new uptrend.
The Upside Breakout pattern represents a trading range in which prices move sideways between two parallel horizontal lines. It's often a pause or congestion area within an existing trend though sometimes the breakout results in a reversal to the prior trend. Either way, an upside breakout through the upper resistance line signals an end to the consolidation period and the start of an uptrend.
Price Target 1: $24
Price Target 2: $26
ETF
Direxion Daily FTSE CHINA Bear 3x - bullish "Head and Shoulders"Direxion Daily FTSE CHINA Bear 3x Shares forms bullish "Head and Shoulders Bottom" chart pattern
"Head and Shoulders Bottom" chart pattern formed on Direxion Daily FTSE CHINA Bear 3x Shares (YANG:NYSE). This bullish signal indicates that the stock price may rise from the close of $9.29 to the range of $11.20 - $11.70. The pattern formed over 28 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price seems to have reached the end of a period of "accumulation" at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend.
The Head and Shoulders Bottom is created by three successive declines in the price following a significant downtrend. The lowest low (head) is in the middle, flanked by two higher lows (shoulders) at roughly the same level. Volume is highest as the price makes the first two declines, then diminishes through the right shoulder. Finally volume surges as the price closes above the neckline (drawn between the two highs) to confirm the reversal.
Price Target 1: $11.20 - $11.70
Price Target 2: $16
Price Target 3: $20
Price Target 4: $30
"Continuation Wedge (Bullish)" chart pattern formed on Direxion1. "Continuation Wedge (Bullish)" chart pattern formed on Direxion Daily Small Cap Bear 3x Shares . This bullish signal indicates that the stock price may rise from the close of $25.48 to the range of $37.00 - $38.75.
Tells Me: After a temporary interruption, the prior uptrend is set to continue.
A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
2. Price already came to strong support level, so it's perfect time to buy!
3. Trendline was broken.
Target: $37,5; $50.
It's AAVE---Long IDEAHello everyone;
This Idea is for AAVE/USDT, spot pair, BUT It's Tradable on AAVE's Laveraged token as well .
So Aave has multi divergences at various Time frames, BuT we are Looking at ones on D and W charts,
I Marked Them with brush, They are visible on RSI,AwsomeOS and...
We are Also at 50% FIB Support, And of course a Giant BAT Pattern which is pretty much complete!
-So You can open your orders NOW or after confirmation on spot or ETF .
I Marked The First and second Targets on it,it may go Higher But ..
GOOD LUCK!
ppd contraction, ml strat consolidative, musashi crossthese strategies are signaling the consolidative move isnt over, and revisiting mean and regression is likely
theres no way to prove at the moment we will go through a phase like this, but if the opportunity presents itself its a path that mathematically makes sense
what would continuation toward contango look like?spot is having a time catching up with price, and this is one of my favorite derivatives. if the turnaround is going to continue to break out, and we pull back to a comfortable level keeping the uptrend daily i would follow the uptrend with leverage. im excited about the current daily pattern being a sign that a snap back to the bulls could happen tuesday, and im also excited about a lot of potential shorts of equity in the index. im just as excited about going long around emas and trendlines holding bull in the overall index. using fib im aiming for bear weekly highs as well as the 1 and the 1.618 as long as we are beating the regressive bottom and accute trend angle.
maybe uranium becomes an epic short againthe bull market turn around in uranium has made the news, and outlasted a broader energy sector comeback. technicals are threatening a reversal bac to bears, and the monthly-quarterly view is making a breakdown. if we maintain these resistances then i am betting on a massive short play in uranium in a 5 year daterange. short urnm and long ery on breakouts on down days in broader market.
the vwap strat says we could continue bullif we dont collapse completely nasdaq could be a buy in terms of where volume weighted averages and bill williams are. im buying on pullback, breakouts, and im selling a breakdown, resistance from highs. gap down i expect to close and move lower, gap up i expect to close and move higher,mostly flat and i ecpect to see move lower and then get bought up.
short vol coming off near outside upweve gained in the market, shed short volume on vix, shed weight on short vix, and lost slightly in svxy. if you study the long term picture svxy is near breakout. 69.69 and 79.79 roughly are levels to beat before were really in the green to clear $100 as the market rebounds. ive drawn a path that can hopefully outline what the topping out proccess could look like as uvxy heads for 1:10 reverse split. normally we revisit the fib bands when price comes off overbought, but im still bullish while were above mon-wed lows targeting 66.66
NOPE | I'm Entering A Small Position | LONGThe fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by purchasing long positions in securities expected to increase in price and/or taking short positions in securities expected to decline in price. The fund may invest in the securities of U.S. and international exchange-listed large-, mid-, and small-capitalization companies. It is non-diversified.
SPY Breakout Long! Buy!
Hello,Traders!
SPY is going up now
And the price has broken
A long-term falling trend-line
And the breakout is confirmed
So It seems that after the
Pullback and retest
We will see a further
Move up
Buy!
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See other ideas below too!
im forced to assume dumpsterfire in real estate still oncomparisons are telling us simply when more people are able to borrow money real estate does better. interest rate data from whale crew tells us as long as we climb this indication the risk gets worse for borrowers. as long as those go in the specified direction im looking at higher prices in this fund. all is normal as in everyone is doing fine, and still doesnt want to buy a home; snafu reit. housing market could recover i just want these metrics to go the opposite way before i call it a recovery.
MNQ struggling to break resistance. Launchpad setting upIf you trade the MICROS, like me, then you'll want to be cautiously aware of a key Flag/APEX pattern setting up in the MNQ.
Any breakout above the PURPLE resistance channel may prompt a strong upside price rally after February 12th or so.
Pay attention to the volatility over the next 10+ days as the ES/NQ/YM are likely to struggle and become wildly volatile as price attempts to break free of the downward trend channels.
If you have not been following my research, please check out my other TradingView posts and other resources.
The next 5+ years are going to be very surprising for traders/investors.
Get ready for a Wave-5 rally.
SPY S&P 500 ETF Price Target for 2023After an extended Santa Rally, which reached all the Elliot Waves Price Targets:
I think we will see an earnings recession in the first two quarters and SPY S&P 500 ETF will test the October 2022 low on a Double Bottom Chart Pattern.
Then it will rally to $431 by the end of the year!
Looking forward to read your opinion about it.
discretionary to staple spendimg has reached a zentithwe are at a point where the use of credit to purchase staples has outpaced the use of cash to purchase other goods. the expense of debt in discretionary goods has reached an inflection point with the expense of transaction in basic supplies. the chart is at a high. the sell signal is in. count on the cost of goods being relatively cheaper, and that being bad for sales. bearish for broader market.