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Harmonic Patterns

GBPJPY NEXT MOVE (expecting a bullish move)(02-10-2024)Go through the analysis carefully, and do trade accordingly. Anup Bias (Mid term) Current price- 191.500 "if Price stay above 189.500, then next target is 193.500 and 196.00 and below that 188.500. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
by AnupZiddi
3
Linde plc | LIN Linde, Timeless Excellence Linde is a timeless business with even better stability than other basic materials businesses. The company works in gases and has a near-unbroken EPS growth record of 8% annually Linde is a market leader, and if you invest in the company, you're investing in the world's largest company for industrial gases. The company was originally a result of a takeover of British BOC in 2006, and again the 2018 merger of Linde and Praxair, a US company. On the macro upside, there was a 1) supportive regulatory framework in the USA and in the EU on green opportunities and hydrogen, 2) the Ukraine invasion was also a key catalyst towards the energy transition, 3) the EU chip acts with €43 billion in supporting funds as well as the United States Chips and Science Act development for a value of approximately $52 billion, and 4) higher needs of specialty gas in EV car. Related to the micro upside, the company is more diversified on a GEO revenue basis and sells different product solutions starting from cylinders to bulk liquid. In addition with a follow-up note titled "Positive News Ahead", we reported Linde's lower cost structure with the Frankfort delisting. Aside from removing the dual listing expenses, we positively view this development because US companies' P/E multiple are usually higher compared to the EU one. To support our MACRO buy case recap, in the second quarter, Linde announced two new projects with Evonik and Heidelberg Materials (both companies covered by our internal team). The company signed a long-term agreement to produce green hydrogen for Evonik in a 9-megawatt alkaline electrolyzer plant in Singapore. With Heidelberg, Linde will build a large-scale carbon capture close to the Lengfurt plant in Germany. As a reminder, cement production is estimated to be responsible for around 7% of global in 2022, APD's earnings per share were at $8.38, and Linde's earnings per share were fairly similar at $8.23. For 2023, Air Products and Chemical EPS guide a midpoint at $11.40 while Linde's EPS is forecasted at $13.65. Looking at the ROCE, in Q4 2022, APD stood at 11.7% and Linde at 13.4%. In the last quarter, APD’s ROCE was flat on the two-year comparison, while Linde’s after-tax ROCE reached 24.0%. While there are some business & regional nuances between the two leading companies (for instance, APD is lacking U.S. packaged gas business), here at the Lab, we believe are more inclined toward Linde, particularly when organic growth has been fairly similar. Cross-checking APD and Linde's last quarter results, we should recall that on a comparable basis, the German player volumes were flat with an average selling price up by 8%. On the other hand, APD increased its volume by 6% with an increase in the average selling price of 8% too. APD adj EBITDA grew by 13% while Linde achieved a plus 11%. However, Linde's EU exposure is greater than APD. Therefore, this is supportive of Linde's bottom line. In numbers, excluding the Engineering divisional performance, Linde's EMEA sales reached $2,177 million and represented 29.72% of the company's total sales. Compared to Q1 2022 number, turnover grew by 10% and was driven by a 13% of cost pass-through increase.
LLong
by moonypto
6
Palantir Bullish Long-Term PlayPalantir shares rose to a yearly high near $33 in the evening trading session on Friday, September 6, after announcement Palantir joins the S&P 500 index. Palantir was one of the strongest contenders for inclusion in the broad market S&P500 index. This inclusion, as well as Dell (DELL), comes after tech companies Super Micro (SMCI) and Crowdstrike (CRWD) also joined the index earlier this year. Technical 1-month graph indicates on Reversed Head-and-Shoulders structure in development. Potentially it can bring Palantir stocks, up to $100 per share over the next several years.
NYSE:PLTR
by Pandorra
Dogecoin DOGE price in front has a hard way to goNo matter how hard Elon Musk tries to pump up CRYPTOCAP:DOGE with his tweets, he hasn't been able to repeat his phenomenal “achievement” of 2021. Currently, OKX:DOGEUSDT price is trying to gain a foothold above the first strong mirror zone, above $0.11. If it succeeds, the upward trend will continue and the next strong mirror zone of $0.17-0.20 will be waiting for it. We know that many “long-term investors”, many of them unwillingly, are waiting for the price of the “father” and pioneer of all #Dogecoin memecoins to reach at least $0.41-0.51, and ardent fans are waiting for $1. Do you believe it is possible? What are your goals for OKX:DOGEUSDC price? _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4
BTC Thesis RAG-AI. Scalping TodayCrypto Trading Intraday Report Timestamp: 2024-11-05 17:29:35 Investment Thesis: As a trader specializing in intraday scalping strategies for Bitcoin (BTC), the current market conditions present a favorable environment for maintaining and potentially increasing long positions. The recent news regarding legal actions involving North Korea's Lazarus Group and the US government's efforts to recover stolen cryptocurrency could create volatility, but the overall sentiment remains bullish. The price of BTCUSDT is currently at $69,890.6900, with a trading volume of 20,543.8700, indicating strong interest from buyers. Financial Analysis: Bullish Long-Short Ratio: Particularly in the 1-day and 15-minute intervals, suggesting that traders are leaning towards long positions. Technical Indicators: RSI values indicate room for upward movement. MACD shows positive momentum. The price is approaching key resistance levels, specifically Resistance_1 at $70,984.9600. If breached, it could lead to further gains towards Resistance_2 at $72,79.2200. Volatility Analysis: Average True Range (ATR): Moderate volatility. Bollinger Bands: Market exhibiting moderate volatility. Order Book Dynamics: Significant buy walls indicating strong support for upward price movements. Price Action Signals: Bullish candlestick patterns suggest continued upward momentum. Data Sources: Coinglass Data: Real-time data indicates a healthy open interest and a positive funding rate, suggesting that traders are optimistic about BTC's price movement. Liquidation levels are currently stable. Binance Data: TradingView data shows bullish sentiment in the order book dynamics, with a strong accumulation of buy orders. Volatility index remains moderate. CoinMarketCap Data: Reports a significant increase in trading volume over the last 24 hours, with a liquidity score indicating strong market participation. Market cap remains robust. Augmento Data: Sentiment analysis indicates a predominantly positive sentiment towards Bitcoin, with many traders expressing confidence in its upward trajectory. CryptoCompare Data: Highlights ongoing discussions around regulatory frameworks, currently showing a bullish outlook among traders. Trade Recommendation: Outcome: HOLD_BUY Stop Loss: $68,136.5300 Take Profit: $72,79.2200 Confidence Level: 85% Exit Point: $70,984.9600 Entry Criteria: Timeframe: 15m RSI: Above 50 MACD: Bullish crossover ATR: Moderate volatility Bollinger Bands: Price near the upper band Stochastic Oscillator: Above 70 OBV: Positive trend News Impact: Ongoing legal actions could create volatility Historical Data: Recent upward movement after a period of decline Current Positions: Open LONG Positions: 1 Open SHORT Positions: 0
Long
by titankarma
1
Head and Shoulders in GBP/JPY: Timing Your Next Move?The GBP/JPY currency pair exhibiting a head and shoulders pattern suggests a potential reversal from bullish to bearish momentum. If you're waiting for the price to confirm this pattern, it's crucial to identify key levels of support and resistance, as well as possible entry and exit points. You can either short now or wait for a potential retest around 194.3; the original target remains unchanged as indicated in my earlier chart. Good luck!
by fortunepivot
BUY at zone - swing / intradayENTRY - lines marked below is potential reversal zone ( PRZ) - entry is strictly inside the zone - look for buying confirmation in smaller time frame ( 15 minutes preferred ) EXIT 1. target - mark fib retracement from C to latest swing low - TGT 1 - 0.236 fib level ( intraday tgt) - TGT 2 - 0.382 fib level - TGT 3 - 0.5 fib level ( preferred target ) 2. SL - candle close below (PRZ) - if u didn't get confirmation inside the zone , ignore this pick - if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK - RE-ENTRY can be done , if u again get buying confirmation inside the zone
NSE:BHARTIARTLLong
by rajeevmmails
XAUUSD - Bearish Trade PlanGold has breached its first and second weak support levels of 2772 & 2745 on 1 hr time frame. It is continuing to decline its trend towards its key support level. Furthermore, there is an extremely bearish candlestick pattern. Followed by the bearish candlestick pattern where we enter this declining trend on a Sell-Stop order a confluence of Fibonacci Retracements signals that it has broken the golden ratio of Fibonacci Number 0.618 towards the downside. Technicals have a clear downside indication with all these confluences. It is the fundamentals that are holding it up, one negative news will massively dump this instrument.
FX:XAUUSDShort
by ShahzaibNaveed
Silver: Time to Take a Long Position..?Silver has successfully broken through the resistance level at 32.200, indicating a potential upward trend. The asset has not only surpassed this key level but has also undergone a retest, confirming its strength and stability at this price point. This dual occurrence suggests that the market has tested the new support level and found it to be viable. As a result, we now have sufficient confidence to proceed with entering a long trade, capitalizing on the bullish momentum.
CAPITALCOM:SILVERLong
by Kartik_Elkunchwar
Riding the Bullish Wave: HPQ Eyes $41.53 Long Term TargetHP Inc. (NYSE: HPQ) is showing promising signals for a short-term upside, despite recent volatility in the tech sector. According to recent reports, the stock outperformed its competitors on a strong trading day, yet faces ongoing risks to a PC market rebound, as highlighted by warnings from Citigroup. However, our Quantum Probability indicator, W.ARITAs, coupled with technical patterns, points to a solid trading opportunity. Technical Outlook: Bullish Patterns Indicate Upside Our analysis has identified two powerful overlapping bullish patterns in HPQ stock: the Bullish Harmonic Pattern - BAT and the Bullish Flag, both signaling potential upward movement. The stock has faced considerable pressure around the critical zone of $36.08, where we saw three retests, each validating the support level. Following these retests, we have now confirmed a breakout above this critical zone. The ideal entry price for investors looking to capitalize on this momentum is $36.09 . We are placing a stop loss at $34.18, protecting against potential downside, while the take-profit target is set at $41.53 , based on key resistance levels. This offers a strong risk-reward ratio of 2.89, making it a compelling short-term trade. Conclusion: High Potential Short-Term Opportunity While HPQ has faced challenges in the broader tech market, including concerns about the PC market rebound, the stock’s technical setup presents a positive outlook for short-term gains. Investors seeking to enter at $37.09 with a stop loss of $34.18 and target price of $41.53 stand to benefit from a bullish breakout and a favorable risk-reward scenario. Disclaimer: This analysis is based on technical indicators and market observations. It is not financial advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
NYSE:HPQLong
by insidermike
Gold : When Could the Next Surge or Trend Begin...?At present, gold is experiencing a range-bound market, with the upper resistance level identified at approximately $2,754 and the lower support level around $2,710. This price consolidation indicates a period of indecision among traders, as they assess various economic factors and market dynamics. It is anticipated that a breakout from this range could occur soon, likely favoring an upward movement given the current market sentiment. This phase of consolidation is generally viewed as a positive development, as it allows for the accumulation of strength and provides a solid foundation for a potential new trend. Once a breakout occurs—whether to the upside or downside—it could signal a shift in market momentum, possibly leading to increased volatility and trading opportunities. Observing this range will be essential for traders looking to make informed decisions about entering or exiting positions in the gold market.
CAPITALCOM:GOLD
by Kartik_Elkunchwar
Nifty Set for an Uptrend Soon..?The NIFTY index has been experiencing a consistent downtrend over the past month. Throughout this period, it has encountered rejection from the established trendline approximately five to six times, indicating strong resistance at that level. For NIFTY to initiate a reversal and shift to an upward trend, it is essential for the index to not only break through the trendline but also to maintain a position above it for a sustained period. Moreover, the level identified as 24150 is not only a crucial support level but also serves as a significant support range that has been tested during July and August. Therefore, if the price can hold steady at the 24150 level for a few more days, combined with a decrease in selling pressure from Foreign Institutional Investors (FIIs), we may witness the formation of a new upward trend. This convergence of factors could provide the necessary momentum for a trend reversal in NIFTY.
NSE:NIFTY
by Kartik_Elkunchwar
Bitcoin: Another FakeoutBitcoin has once again surprised traders with another fakeout. Recently, it has resumed following the established trendline after experiencing some volatility. On the 4-hour chart, there was a minor resistance level positioned at the 69000 dollar mark. Remarkably, Bitcoin has managed to break through this resistance. It's important now to monitor whether it can maintain its price above this level for a sustained period, as this will confirm a potential upward trend. Let's keep an eye on its performance to see if it can solidify its position.
COINBASE:BTCUSDLong
by Kartik_Elkunchwar
Time to moon, ethereum has bottomed outI've been following Benjamin Cowen for 3 years and damn gotta say it: the guy is a genius. However, I don't think Ethereum is hitting 1.2k as he suggests. If Donald Trump wins tonight, Doge will skyrocket as Bitcoin dominance has already peaked at 60%. Just today, someone bought more than 1 billion doge coins on Binance. It's getting crazy. With that said, I think that even though we're still around 60 days away from the restart of QE and the business as usual following the 259 day after bitcoin halving official start of Altseason date, this cycle could get front run and anticipated as people seek first mover's advantage. Better to not wait till the last minute. Everything is highly anticipated this cycle, from Bitcoin reaching previous all time highs and staying up there for 7 months straight to the crazy volatile election day today. If you want to try to accumulate here, good luck with that and yes, do wait until Thursday to see what the Fed is up to, otherwise it's a good idea to start hedging here or you'll risk getting sidelined and missing the upcoming 2025 all star season, specially now that ETFS for Ethereum are live.
BITSTAMP:ETHUSD
by axelrodd