Fundamentals: If the NFP numbers explode up on Friday, then that means that the FED might have to increase rates, putting pressure on US companies' earnings. This may cause META to topple a bit before earnings. If not, then the same rate for longer. It is the first Friday of the week. Sales have accelerated in META and earnings are above 20% q/q. However, its...
1HR Chart Amazon ( NASDAQ:AMZN ) has developed a bullish flagpole formation that is more easily seen on the hourly charts. This may serve as a continuation pattern that will launch AMZN to a 52 week high of $188 -- a level that hasn't been tested since July of 2021. Fibonacci retracement levels for the current trading pattern support the $188 ceiling as this...
IFB Industries on a longer term has formed a Big Flag Pole pattern and Cup and Handle Pattern. After the Flag BO, it is creating newer patterns - Watch from Right to Left - as the stock increases it is creating Fresh Rounding Bottom patterns at each step - each Cup (Rounding Bottom) bigger than the previous one causing bigger upside Targets Targets 1) 1500 2)...
Arvind Fashions is doing Bold Ramp Walk :) On Weekly - we see Double Bottom Pattern, Followed by Flag Pole - All Breakouts powerful and successful and heading to defined targets steadily Target 1 - 517 (Reached) Target 2 - 531 Target 3 - 640 Target 4 - 700 Target 5 - 780 As part of the Budget there is incentives for Textile industry and we expect strong...
ADA coin is following Elliot waves coin is going to make 5 waves bull fag pattern good long trade if break trend line of pattern so we long ada coin for 5 to 10 % pump in ada coin
Last week of price action generated a pennant. Typically these fly at half-staff on a flagpole. Not sayin it will; but it sure could. The measured move remains below the pennant. 300 pips to half-staff; 300 more would go to 3530 if it goes. Be carefull! GLTA
buy range - 547-550 book profits at 578- 584.8 (target 1 & 2) sl - 533
Today we are looking at GBP/USD on the 1-Hour chart. We have a potential bull flag set up. Now, this is very important, this is a counter-trend setup. On the 4-hour and daily charts, the price is still incredibly bearish. We have touched a major support zone on the daily time frame so looking for some bullish setups is perfectly reasonable, however, we have to...
Time and time again I have been told to master the basics and when it comes to trading nothing is more basic than charting triangles. Likewise, few things are more basic than cloning a trendline used to measure the height or depth of a move and dragging it over to the breakout point of whatever structure you are looking at. Just a tiny bit more advanced for...
Redington is consolidating in a range from 140 to 178 from past 8 months. It is kind of flagpole pattern. Seems very bullish if it sustains above 180. A weekly closing above 175 can be a sign of breakout as well. RSI is becoming stronger.
RCF has been consolidating in a tight range from last 1 year and it has finally managed to breakout of it with very heavy volumes. If todays closing is above 92.5, RCF is a good positional trade for minimum targets of 100, 110.
This idea is not fancy. It is simple textbook chart formations such as flagpole targets and rising channels. Many people's first indicators that they learn are the MACD and the RSI. Next comes the use of divergences with the indicators and oscillators. This chart is basic enough to be in the introductory section of a trading textbook. While it is undeniable...
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 829.10 USD