Asian paint green run is coming on charts Asian paint struggle past several year to give positive return but now time has came to give return on that share
Technical point - Multiple Time frame analysis
1- Strong multi time frame support at 2600 & 2550
2 - Flag pattern breakout on H4 time frame
3 - Rounding bottom reversal on daily time frame
4 - After may month last 4 year give only positive return seen on charts
5 - Last year in may 3000 to 3560 run came same chart and same think happen this time also
6 - Near supply zone
7 -That time he reached 52 week high and break his life time high of 3582 and given 4400 TRG
First TRG - 3400
Second TRG - 3600
Third TRG - 4000
Final Trg - 4400
SL 2520
that delivery only for the long term
Flag
$BTC - Decision level at $67700Hi guys! 👋🏻
🔔 We got the liquidity we wanted now it's the pump time
🔔 However, what might look like a bullish flag may turn into a descending channel, hence stay calm and follow the basic trading rules - no excitement, only cold-minded analysis.
🔔 The 67700 is the decision level, closed with a green candle above it, will take #Bitcoin to $80K
✊🏻 Good luck with your trades! ✊🏻
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Unlock the Secrets: Is GOLD the Ultimate Trade Today?Unlock the Secrets: Is GOLD the Ultimate Trade Today?
In this episode, I dive into the current conditions of the gold market, providing a comprehensive breakdown on how to form an objective opinion. Drawing inspiration from "Market Wizards" and "Trading in the Zone," I share insights from legendary traders who emphasize the importance of patience and discipline in trading.
Learn essential lessons on patience, understanding that you don't need to force trades or impose your personal bias on the market. Discover why it's perfectly fine to skip trades daily or even weekly if the market doesn't align with your setup. Mark Douglas, in "Trading in the Zone," highlights the significance of a trader's mindset and how maintaining an objective perspective is crucial for consistent success.
I also share valuable advice on productive activities to engage in while waiting for the right trade opportunities. Just as the great traders in "Market Wizards" stress, sometimes the best trade is no trade at all. Use this time to refine your strategies, study market patterns, and enhance your trading skills.
Remember, running in place won't get you anywhere—focus on strategic moves to elevate your trading game. By incorporating these principles and understanding the psychological aspects of trading, you'll be better equipped to navigate the complexities of the gold market.
Riot Platforms, Inc. to $1000 / 100xOn the above 8-day chart price action has corrected 95% from $80 in early 2021. A number of reasons now exist to be consider a long position. They include:
1) Price action and RSI resistance breakouts.
2) Price action confirms trend reversal. Higher highs higher lows.
3) Price action confirms support on past resistance. (Green bar).
4) The inverse head & shoulders, you see it?
5) No share splits. True.
6) The bull flag pattern is used to forecast the projection as it was done twice before. Target area is $1000 per share.
Ww
Type: trade
Risk: <=6%
Timeframe for long: Quarter 1 2024
Stop loss: Will say elsewhere
$FTMBullish Flag, as you know this is a bullish pattern.
I have 3 possibilities before break this formation.
You can do scalp long or waiting for the breakout to take a position.
Please DYOR before you take a position and make a decision
Always use stop loss whatever your position and manage your own risk !!
BULLISH if break this formation 📈
BTCUSDT SHORT TERM SELL TRADEBitcoin have been in a correction phase after its bullish run and the market is looking to pullback into the 50fb area (50-48k) where this market might continue its second impulse leg.
But when you look carefully at the precious inner trend line the market consolidate before breaking out of the minor support area of 60k.
The trend seems forming same bearish flag pattern at the support area that now turn resistance we might see a breakout of this trend on Monday. A close of 4hrs bearish engulfing candlestick i will go short take profit at 50-48k. That zone seems solid and the trend seems to be respecting the outer trendline to form a point of confluence
KAI KEN WETH on SupportLooking for upward reaction on symmetrical wedge/bull flag on the daily chart. Market cap still low compared to the other Japanese-dog-meme-coins. Decent fundamentals. Sharing my entry here, looking for 2x; cutting the trade if daily close below support; holding 50% moon bag if breakout.
DOYR, not trading advice
GOLD (XAUUSD): Intraday Bullish Signal
Following a structure analysis that I share earlier,
Gold nicely respected a key daily structure support.
I see a bullish breakout of a bullish flag pattern on an hourly time frame.
I think that more growth is coming.
Next resistance - 2417
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Alikze »» AKT | Descending channel🔍 Technical analysis: Descending channel
- It has been moving in an ascending channel in the 1W time frame.
- In the short term after the break of the descending channel, as you can see, it is moving within a descending channel.
- After breaking the long-term ascending channel and pullback, it has had a correction up to the golden zone.
- In the 8H time, if the supply zone breaks, it can grow up to 4.68, otherwise, it can retest the bottom of the channel.
⛳️ Upside targets: 4.65 - 5.08 - 5.47
⛳️ Downside targets: 2.74 - 2.35 - 1.95
💎 But in the daily and weekly time frame, according to the bullish candlestick in the golden zone, if the supply zone fails, it will have the ability to grow to the next zone and the specified goals of the ceiling of the long-term ascending channel, which I will review and update later.
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MPWR breaking daily resistanceReasons for bullish bias:
- Price gave ATH breakout
- Price-breaking strong resistance
- Simple DOW theory
- Entry at HH breakout plus pole breakout
- Bull flag formation
Here are the recommended trading levels:
Entry Level(CMP): 786.71
Stop Loss Level: 700.65
Take Profit Level 1: 872.77
Take Profit Level 2: 958.83
Take Profit Level 3: Open
BTC is forming flag for another dip?Heyyy traders!
Here are some thoughts on Bitcoin:
As we can see, it seems like we are forming a bearish flag 🥵. Additionally, the volumes are diverging, meaning they are falling while the price is growing. Another confirmation for a dip is that we didn’t see a buyer's reaction from the important level around 0.618, and the movement is really weak.
So, most likely, we can touch the zones of the previous support around 51k or even lower, around 48-49k.
What's your thoughts guys?
TrueFI (TRU) - 350% returnOn the above 4-day chart price action has corrected 75% since March. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Significant bullish divergence. Multiple oscillators print positive divergence with price action.
3) Bull flag break out with 350% target projection.
Is it possible price action prints lower highs? Sure.
Is it probable? no.
Ww
Type: trade
Risk: <=6%
Time to act: days
Return: 350%
US DOLLAR INDEX (DXY): Time to Short The US Dollar Index has formed a bearish pattern, breaking down from a key support level and then retesting it.
On the 4-hour chart, a bearish flag has formed, which might trigger a strong sell-off as the pair has broken below the flag's support.
This confirms a strong bearish bias, increasing the likelihood of further downside. The next targets are 104.81 and 104.59.
Voltas bullish flag pattern breakout Bullish flag pattern breakout, along with potential DEMA crossover. Strong demand zones formed as well. Likely going to be a 15-30% bullish move in the future. Stock is currently in an uptrend making higher highs and higher lows.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Consider this idea for educational purposes only.
AUDCHF: Strong Bullish Pattern 🇦🇺🇨🇭
AUDCHF formed a classic bullish trend-following pattern.
After a strong bullish rally, the price initiated a correction within
a bullish flag.
Its resistance violation is a strong trend-following signal.
I think that the pair may retest 0.607 - current local higher high soon.
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