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Momentumbreakout

Marathon Digital Symmetrical Breakout?Mara reached a new high and fell as expected. It started trading into a wide falling wedge out of a bullish uptrend. I would think other than Bullish if it was knifing down. Found consolidation level at 17-17.60 area after double bottom bounce at 16.50ish and looking for a possible break to the upside out of a bullish symmetrical triangle. With bit coin holding 30,000 level. We could see it retest and/or reclaim $20 soon. Trade Responsible, #TradeTheWave 🏄🏽‍♂️🌊
NASDAQ:MARALong
by FinesseTheWave
ENVX - Army Swiss Knife X FactorA Couple things to note is Enovix has been on a steady rise and has had bullish catalyst released. It's on the hook to hit the next leg. Lame pun for the Hook showing on the chart pattern "The advanced silicon battery company said the deal is for it to produce commercial cells for use within U.S. Army soldier's central power source, called the Conformal Wearable Battery. Enovix said the agreement moves the program toward full volume production. The cells will be used to build pre-production CWB packs." - MarketBeat This launched the stock price to $19 ON JULY 6TH. It helps that spy has been pumping making new highs. I feel it will rise in the next few weeks with spy being on an extreme bull run and ENVX following a similar pattern. ENVX, RSI on close to oversold, Williams showing the stock is curling. ENVX is currently aligned with SPY and have the same exact pattern It may run up with SPY so long as it remains bullish. Expect it to touch at least $25 but theres a lot of turbulance up there as thats where it's been consolidating in the past. General consensus PT is $38. Others have placed as high as $100. has an average rating of buy and price targets ranging from $15 to $100, according to analysts polled by Capital IQ. Trade Responsible, #TradeTheWave
AMEX:SPYLong
by FinesseTheWave
Virgin Galactic - SPCE outlook showing signs of strengthLooking a the SPCE chart from a birds eye view it shows the company is overdue for a run. For months it's been trading sideways. It almost looks like it's break out of an inverse head and shoulders pattern. Until recently a spike caused by bullish news sending the stock from around 4.04 to 6.50. On the run up it rejected the 6.50 price and came back mid day to the 4.50 level. The Fixed range volume profile showed from 4.04 to 6.50 on the initial the point of control was shifted to 6.50 where most volume was traded at the top. It showed a new level of support based on the visible range volume profile after it was rejected in the 4.81 - 4.63 range which to me was a buy zone. Even if it drops a little bit im okay with the risk to reward ratio with calls out to July 7th. I wanted to get in it but I wasn't going to buy in at the top. The visible range volume profile showed me that most the volume came from these price levels. The fixed So I took the trade and look for a momentum run up in anticipation of the commercial flight between june 27th and june 30th. The blue horizontal lines represent my take profit levels with the first retesting the 6.50 level. If price moves agressive I'm looking for it to close gaps from the prior months. The closer to launch date I can see it running up because people don't want to miss the run and a lot of buying pressure should be coming in up to these dates. Not to mention there's another flight shortly after in July I believe if there are no delays. We will see how this plays out. My calls don't expire until July 7th after the first flight if there are no delays. Thanks for taking the time out to read this. Trade responsible, Jay #TradeTheWave
NYSE:SPCELong
by FinesseTheWave
USDCAD IS BOOMING POINTSignal Title: Breakout Signal Currency Pair: USD/CAD Signal Type: Buy Entry Point: Break above resistance at 1.3535 AND RETEST Take Profit: Targeting-1, 1.3555, TARGET-2 1.3645 Stop Loss: Set stop loss at below swing low Timeframe: 4-hour chart Rationale: The USD/CAD pair has been consolidating within a bullish pattern, suggesting a potential breakout. A break above the resistance level at 1.3535 would confirm the bullish momentum and present a buying opportunity. Risk/Reward Ratio: 1:5 (Stop Loss: 50 pips, Take Profit: 250 pips) Additional Notes: Monitor economic news releases and adjust stop loss levels accordingly to manage risk.
Long
by jayeshchauhan4545
USDCNH [60] Momentum HeadfakeJan 10th, 12:00PM PST We've had a momentum move into a consolidation with diminishing volatility (aka triangle). This is setup is early in development but worth watching. First we want one more bounce off the horizontal trend line of the consolidation. Then we're looking for this to pullback to the 240 21EMA (to prevent Over Extension) and then a quick reverse back over the horizontal trend line of the triangle. This is the entry signal. From there the target is equal to the momentum move which led into the consolidation
Short
by ParametricTrading
KWEB/VTI WHERE EAST MEETS WEST Hey guys, Thank you for organizing this interesting competition. If anyone is interested ! Join in the fun Thanks for checking out my thesis and hope you guys enjoy it. ========================================== Basically, i will be doing a TOP-DOWN analysis approach for my thesis between the two major economies. We will be looking at simple macro and very logically comparison. After which, i will break down the chart into different sections with Momentum theory as the base and other confluence elements as supporting. We will trade what we see on the chart. Nothing speculative. ===================Macro======================= Macro $VTI - High inflationary environment / rate hikes / quantitative tightening / bull run for the last 2 years / stocks overvalued / might be looking at negative GDP + inflation = stagflation = risk off for stocks $KWEB - Moderate inflationary environment / quantitative easing / correction for the last 2 years / low PE ratio / stocks undervalued ===================Technical analysis ======================= Technical analysis 1) Falling wedge formation The initial momentum was very strong and diminish over time towards the end before breaking out. This shows that the momentum had extinguished and will be looking for a trend reversal. As seen on the break out and retest. 2) The price broke out from the 1 year downward trend line and did a retest / rejected with a engulfing candle forming the left shoulder and head of the inverse head and shoulders. We are no longer making lower lows. 3) As seen on the Momentum theory indicator, the bearish momentum had bottomed out and broke out from the neckline. An emerging bull momentum might emerge once the price action had proven its strength. Momentum will above 0 and will commence its run. 4) We are looking at a potential inverse head and shoulder or cup and handle formations. Both are bullish price action and trend reversal formation. This can be confirmed over the next 1-2 months after the right shoulder / or handle is formed. Based on point 1,2 & 3. We can established that the $KWEB had ended its bear run / rejected the bottom. And once the right shoulder formed and price moved above the major support & resistance area and 200 moving average. A bull trend will emerge. ===================Entry======================= Entry. A multi confluence entry would enhance the confidence, increases the probability of success. Depending on risk appetite, we have listed two possible entry scenario. Both scenarios have great risk to rewards ratio. Entry 1 - Right shoulder or handle formed - Price goes above major support and resistance neckline - The 50/200 moving average golden cross = this will be the entry trigger. Stop loss can be % of your capital or the low of the inverse head and shoulders - Exit will be either your preferred target % or ride with trailing moving average i.e 50/200 moving average death cross Entry 2 - 30% position on bull flag of the cup and handle / or right shoulder formed - 30% position on breakout of cup and handle / breakout of the major support & resistance neckline - 40% position once 50/200 moving average golden cross - Stop loss can be % of your capital or the low of the inverse head and shoulders - Exit will be either your preferred target % or ride with trailing moving average i.e 50/200 moving average death cross =====================END===================== Thank you for your time and hope you enjoyed my analysis. Trade safe and always manage your risk ! " When you genuinely accept the risks, you will be at peace with any outcome. - Mark Douglas "
AMEX:KWEBLong
by nexxtrade
27