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US30 possible breakout to ATHWaiting to see if US30 is able to break this trend line, if it will there is a high chance that we will see a break of all time high. A perfect scenario would be price breaking that trend line, getting good news compared to forecast before NY session, and high volume after NY session open. If all these happen, price is most likely to break ATH after that. This is simple technical analysis. Once you see all these happen, try going to lower timeframes, 15m or maybe 5m to get your perfect entry. Good luck and lets see how it will play out. And remember, the simpler you keep your charts, the better the trader you will become
BLACKBULL:US30Long
by chrismogab
3
GBPJPY - SHORT: Trade Recap, 27/08/2024Bias Analysis: Daily minor swing at equilibrium and 4H trading out of Order Block. 1H range was bearish with price at a 1H Order Block well within Optimal Trade Entry. Entry Criteria: 15M protracted counter to my bias, swept upside liquidity and traded deep within the 1H Order Block before an engulfing candle printed. Grade: High Quality Valid What I did well or could do better: - Exercised patience after the first 15M TBL sweep and reversal print as we had a shallow mitigation of the order block with a 1-sided fair value gap resting below. - Observed the full picture and made a process based decision to enter, full accepting the risk. - I could've been more mindful of inputting the correct data into my position size calculator as the position was too small.
Short
by The_Modern_Day_Trader
1
WIF Looking Good — Can We Get 2.25?WIF was one of the biggest gainers last week, adding almost 40%. Based on the chart, it is likely we'll see a continuation of the uptrend. Here's why: • WIF faced resistance at the psychological $2 mark. Actually, it's not surprising after the intense climb. • Afterward, WIF entered a descending channel you could interpret as a bull flag. • Typically, a descending channel after a pump is considered a continuation pattern. Accordingly, we should see a breakout to the top at some point. If this breakout happens, the price should quickly rise toward the level of 2.25 (calculated based on the previous pole flag). Therefore, you should pay close attention to the upper trendline.
Long
by ben_walther
$140K USD for Bitcoin in 2025!!! It appears as though Bitcoin is trading in a descending channel, with a potential breakout happen in the near term. BTC has tested the downward sloping resistance of a descending channel pattern multiple times, each time BTC is creating a lower high & a lower low, which is inherently bearish. The williams alligator is also displaying a bullish cross & the bands are widening in an upward direction, which is a bullish indicator. Bullish cross on the KST as well. I have placed upward arrows at each bullish cross in the recent past showing a direct correlation to upward price swings.
COINBASE:BTCUSD
by satoshi123
BTC - FINALLY - Bullish BREAKOUT? For the last few months, I've been preaching patience as we saw a multi-month correction play out, all as a part of the bigger-picture Elliot Wave playout. The charts are looking positive after some bullish action started showing up from yesterday. I'd be ready to say the corrective phase is finally over and we're starting the new impulse wave up IF Bitcoin can keep above this support level highlighted on the chart, around $63k. This would validate a successful Flag-Breakout / Pennant breakout pattern. However, if we close a daily UNDER this key support zone - it's likely that we're not there just yet. I'm still of the opinion we'll be on our way towards a new ATH close to December, as BTC loves Decembers historically. ______________________________ BINANCE:BTCUSDT
COINBASE:BTCUSDLong
by CryptoCheck-
Bear Flag in Tesla?Tesla has been climbing recently, but some traders may see a bigger downtrend. The first pattern on today’s chart is the series of higher lows since August 5. The EV maker fell yesterday to close at its lowest level in over a week. That may be viewed as a breakdown from a bearish flag. Second, Tuesday’s high occurred near a 50 percent retracement of the move between the peak of July and the trough of this month. Third, July’s high occurred near the high from December. Could that be viewed as a double-top reversal pattern? Stochastics are also dipping from an overbought condition. Next, prices are struggling at the 50-day simple moving average. The 8-day exponential moving average (EMA) also failed to move above the 21-day EMA. Those signals may reflect bearishness over the intermediate and short terms. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:TSLA
by TradeStation
7
MU: This is a decisive moment! |1H & D charts|1-Hour Chart (Left Side) On the 1-hour chart, the price formed a strong uptrend followed by a consolidation pattern, identified as a flag. This pattern typically indicates a continuation of the previous trend, meaning that a breakout above the flag's resistance could lead to further gains. However, the price is currently testing the lower boundary of the flag, which is aligned with the 21-period EMA. If the price breaks below this level, it may invalidate the bullish flag, leading to potential downside pressure. Daily Chart (Right Side) On the daily chart, the price is approaching resistance around $127.24, which aligns with an open gap. The gap closure often acts as a resistance level, and the price action around this area could determine the next move. If MU's price loses the lower support of its flag pattern seen on the 1h chart, its price could seek its next Fibonacci's Retracements, which are now our next support levels. Only a clear bullish reaction, breaking (and closing) above the 109.47 would trigger tthis bullish flag upwards, starting a new bullish rally to its gap. For now, MU's price looks weak. Key Levels to Watch Resistance: $109.47 is the immediate resistance, with a potential breakout indicating further upside. Support: The $104.77 level. Summary MU is at a crossroads where the resolution of the flag pattern on the 1-hour chart will likely dictate the next significant move on the daily chart. A breakout could lead to continued upward momentum, while a failure might result in a retracement towards lower support levels. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:MU
by Nathan_The_Finance_Hydra
EURAUD: Technical Outlook & Your Trading Plan Explained🇪🇺 🇦🇺 EURAUD is currently retesting a recently broken horizontal support. To sell the market with a confirmation, pay attention to a bearish flag pattern formation on a 4H time frame. Bearish breakout of a support of the flag and a 4H candle close below that will give you a strong bearish signal. A bearish continuation will be expected at least to 1.6465 level then. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
Bitcoin Analysis==>> Bearish Flag PatternBitcoin pulled back to the broken Support zone($60,520-$60,120) , as I expected ( in yesterday's post ). According to Elliott's wave theory , Bitcoin seems to have completed the Zigzag correction(ABC/5-3-5) . Regarding Classic Technical Analysis , Bitcoin seems to have formed a Bearish Flag Continuation Pattern . I expect Bitcoin to fall again after breaking the Ascending Channel's lower line and the Support zone($58,500-$57,000) . Bad News: Since yesterday, 785 million dollars of Bitcoin and 75 million dollars of Bitcoin have been moved by the Mt.Gox exchange, which is a significant volume. Note: If Bitcoin goes over $60,700, the Scenario will change. Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
42
A further 1700% move to $600 for Gamestop in 2024?Bet that title got your attention. Well it might not be as crazy as it seems. An exercise performed by yours truly is to scan through monthly charts on the beginning of each new month. Takes more time than you imagine. Gamestop is certainly worthy of attention on the monthly time frame. On the above monthly chart: 1) It is without question, past resistance confirms support with the close of May on the horizontal support / resistance. Blue arrows. 2) The print for May is a bullish engulfing candle. A candle besting those that printed in May of 2020. 4 years later… Look left. 3) The “Breakout” in stochastic RSI is significant on this time frame. Momentum is surging. 4) The Bull flag pattern breakout is impressive but not yet confirmed. Ideally a backtest would print around the $15 dollar area. 5) Should a back test confirm support then price action is forecast to make a run to just over $600. Is it possible price action delights short sellers with urgently needed corrections? Sure. Is it probable? No. Ww
NYSE:GME
by without_worries
30