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Falsebreakout

NDX: Be careful! Bearish pattern ahead!Hello traders and investors! Let’s talk about the NDX today! In the daily chart, we have the idea of a bearish harami, just at a resistance level (black line, previous top at 14,072). If the index closes under this black line, the market may see this as a false breakout and this would help to make the index fall. If it falls, then we have a dual-support level around the 13,700, as we have the 21 ema and the red line, which worked as a resistance before, now it can work as a support. The only thing that could frustrate this bearish sentiment is the 1h chart: Today’s drop could be just a harmless pullback to the 21 ema in the 1h chart, and the index did several movements like this in the past, so, no way to know how it’ll behave now. Now it is definitely not the time to buy. The time to buy was last month, when we had some incredible opportunities, and I bought several stocks with my followers, and they are doing incredibly well (several of our stocks are going up more than 40%, like the Brazilian ADRs we like to trade). Now it is the time to manage our positions. Will the bearish harami prevail, making the index will crash? Only time will tell. Meanwhile, remember to follow me to keep in touch with my daily studies, and support this idea if it helped you! Thank you very much.
TVC:NDQ
by Nathan_The_Finance_Hydra
4
Keep an eye on this pivot point! 👁 👍Lyft is doing a nice pullback right now, in the 30min chart. The 20 is pretty close, but since the BB are so spread open, I believe it’ll move sideways for some time. The 60.26 is a pivot, and if Lyft breaks it, it’ll do something good. The problem is the RSI in the 4h chart, showing a bearish divergence + false breakout from the top area at 59s. This is another indicator that Lyft is not ready yet, but it can be in the future. It is one of the stocks that are on my radar, but it is not doing anything impressive for now. Let’s watch the pivot in the 30min chart closely! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:LYFT
by UnknownUnicorn21312077
2
AUDUSD Good buy opportunity!Based on the chart, price showed a major support area in previous days and this zone rejected the price from getting lower in some days but finally this support area broke at 3rd of June and we can see a perfect rejection of price at 4th of June. So we can easily conclude that a false breakout have happened at this point(Or it shows that the market didn't accept the lower price which can be a good sign of bullish market!). Therefore based on these scenarios I opened a buy position (as it presented on the chart) with a good amount of risk reward ratio(about 1:3). Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Long
by Brian_Philips
NIO: It hit our target! What's next for us?Hello traders and investors! NIO hit our target at $ 43.13, the technical target for the V-Shape recovery , and we are trading above the target. The link to our last analysis is below this post. What’s next for us? First, in the 1h chart, since we already defeated the resistance at $ 43.13, this point is supposed to work as a support. Notice that NIO just did an upwards breakout from a trap zone , when it was trading between the 21 ema and the resistance at $ 43.13. All of these are good news, and NIO has no pullback/reversal sign around . Even if it drops again to the 21 ema in the 1h chart, the bullish thesis would be intact. Now, to the daily chart: The only thing that annoys me is the low volume . If NIO loses today’s low, then it can easily retest the 21 ema in the daily chart again. Also, it must not close under the $ 43.13, as the market might see this as a false breakout . Of course, this wouldn’t be enough to change the trend, it would just mean we’ll see a pullback, and since the trend is bullish, this means an opportunity to buy. But for now, all we can say is that the $ 46.28 is the next target. Let’s keep our eyes open here, and stay alert to these key points. If you liked this analysis, remember to follow me to keep in touch with my daily studies, and support the idea if you liked it! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
2
EURUSD a false breakout 🦐EURUSD is trading above the support area and bounces over it a few times. The market attempt to break with a clear false breakout and currently is consolidating above it. According to Plancton's strategy if the price will break above we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
Triangle breakout after a false breakThere was a very sharp false breakout to the downside that happened and I thought for sure EURUSD will go down further. However, this was followed by a move up to the previous range. As far as theory goes, a false break will make the trend in the main direction stronger. I soo wanted to go long here but problem is its already Fri and near closing time. I don't want to have a trade hanging over the weekend so I'm gonna have to pass but will monitor this first thing on Monday and see whether I can enter a trade.
Long
by jrebong
PLTR: Trying to reverse the trend!Hello traders and investors! Let’s see how PLTR is doing today! We have a solid bull trend in the 1h chart, as we have higher highs/lows , and a trendline connecting the previous bottoms. What’s more, PLTR defeated every single of its resistances, showing some strength. This is good, and it reinforces our bullish thesis, since our last analysis, last week (link to it below). Pullbacks to its support levels, like the trendline, 21 ema, or any of the black lines would be just opportunities to buy . This bull trend is spreading to the daily chart as well: There are two good things here. First, it defeated the $ 21.60, which was a pivot point . Second, it is trading above the 21 ema again. Yes, PLTR had similar patterns in the past, and it failed, so, why would this time be different? Because PLTR did a false breakout from the $ 20.18, and the volume increased a lot over there. This means that there are people aggressively buying PLTR near support levels, and the more it drops the better. It is almost reversing the trend for good in the daily chart, it seems we just need more conviction. Now, the volume is normal, which is fine, but it feels that it needs to increase a little bit more. Either way, we do have some bullish signs around, and several resistances that could work as targets for us. Also, we have an open gap around $ 31.34, which might work as a magnet in the next few weeks. Let’s follow PLTR closely, and if you liked this analysis, remember to support it ! And follow me to keep in touch with my daily updates. Thank you very much.
P
by Nathan_The_Finance_Hydra
14
It almost hit our target today! What's next for us here?TSLA is doing very well, as it did trigger the buy sign we’ve been talking about, and it is flying right now. All the points we talked about in our last analysis are working pretty well. It did a false breakout from the bearish pivot point in the 30min, and it did a hammer that closed above the 20ma, a buy sign for sure. But a correction to the 596 is expected, and TSLA was pretty overbought today. Anyway, TSLA just broke a pivot point, and the trend is now bullish. We have a better view about the importance of the 596 in the 4h chart. Tesla might seek it again, but since it just broke the pivot point in the 30min, this could reverse the trend in the 4h chart as well. Anyway, TSLA almost hit our target at 626, but I think it’ll still hit there, let’s just give it more time. If TSLA breaks the 626, the 683 is the second target. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:TSLALong
by UnknownUnicorn21312077
NIO: We must watch this Pivot Point!Hello traders and investors! Let’s see how NIO is doing today! First, in the 1h chart, we see that NIO defeated the bear trend, when it broke the purple trendline , and it is not doing lower highs/lows anymore. But there’s no bull trend yet , and it seems we only have a congestion in the short-term, as the 21 ema is flat. The $ 32.58 is a support level, and it must react quickly in order to make a new bullish movement. In the daily chart, we are in the lower part of a congestion , and NIO did a false breakout from the $ 31.92 last week. Again, if NIO doesn’t react quickly, it might retest the light green line area once more , and even trade slightly below it. In order to fly again, NIO must defeat the $ 34.78, as this is a pivot point for us, and would lead the price back up to the $ 43.13. Let’s watch NIO carefully in the next few days. And if you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
2
Seeking the $39!NIO was already oversold, but we didn't have any buy sign until now. Now we have some nice confirmation, and NIO is doing a good movement. It briefly lost the 34, but the buy force was incredible! Now NIO is trading inside a range in the 30min chart, but the 4h chart looks good: NIO did a false breakout from the 34, the most important point we were watching since yesterday, and it was close to the lower band at the same time. In addition to today's movement, the 61.8% retracement at 39 is a good target to aim next. There's a little gap above the 39, which could be filled too. But watch out for the 32.25, as NIO must not lose this point, ok? If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIOLong
by UnknownUnicorn21312077
2
Understanding the NFP EU PumpHere are some questions I put out to my community group the other day followed by the answers. The reasoning being the move has been annotated on the chart. Why did price slowly decline prior to NFP? - Price had to decline slightly before NFP to mitigate the impulsive move created earlier in the day. - Price had to stop out break and re-test buyers with a tight stop loss - Price had to lure sellers into the market before NFP Why did price reject the exact box marked before skyrocketing? - Price skyrocketed because it had gathered enough liquidity from stopping out the buyers. - It utilised the previous order block to skyrocket to take out the impulsive sellers before NFP.
Education
by AlkalineFX
EURUSD | Perspective for the new week | Follow-upWe have been on standby since my last publication on this pair as it took price over two weeks to come to our proposed Supply zone (see link below for reference purposes). The last few days of last week trading session witnessed a strong Bearish pressure mounts as the price rejects the $1.21500 area which is represented on the chart with a bearish engulfing candle. A plunge on Friday saw the Greenback strengthened amid a dismal market’s mood which could be related to end of the month profit-taking by participants who took advantage of the Bull that began the month of April 2020. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand | Reversal pattern | Channel Observation: i. It is completely obvious that price is within a pattern formed from two downward trendlines drawn above and below price action represented by resistance and support levels since December 2020. ii. The Demand level which held price "supported" @ $1.20000 in the 3 months was finally broken (March 2021) giving way for Sellers to push price below thereby respecting the Descending Channel. iii. A breakout of the Channel that occurred on the 20th of April 2020 is yet to be confirmed successful or not as a rejection/breakdown of my Key level in the coming week shall help me make a decision. iv. The Channel Breakout shall be regarded false if the price closes below Key level hereby confirming an opportunity to sell the Euro in the coming week(s)... Trade consciously! Trading plan: SELL confirmation with a minimum potential profit of 350 pips. Risk/Reward : 1:4.5 Potential Duration: 10 to 20days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry