Lakshmi Machines - Multi year high break - Look for BreakoutsAnother lovely chart - Lakshmi Machines. At very crucial levels
2018 highs being tested and retested.
Chart looks very attractive and keep an eye on breakout. The stock has moved up very fast and the way id like to look at this stock is look for nice and clean breakout of the top.
So , be patient and look to buy close to the 20 Day Moving Average
Multi
$AHFD OTC ripperWatch for follow through tomorrow or if they dump it... no selllers .. yet
Touched 21EMA and pumped. ATH and blue skies gotta buy . - stop .0040
EUR/USD | Institutional Analysis | Quasimodo PatternOn weekly timeframe, a potential liquidity could float below the double bottom. This is the most likely target. A continuation Quasimodo set up detected on Daily timeframe, so if we believe on our target we could grab the sell opportunity as described on charts. Additionally, we can find an internal liquidity, an extra reason for the market makers to push the price lower.
This opportunity seems to be safe as continuation with a strong target closely below.
Feel free to write your opinion on comment section.
Stay tuned with our ideas for updates and more opportunities!
ETH pullback before new ATH?Good morning traders,
Todays Crypto forecast is for ETH.
Currently we are in a STRONG move up, this momentum will be sucking in new traders and new money each day.
What does this mean? Looking at the current PA we can see a pullback is due and we are right in the target zone of a daily range which has yet to be mitigated.
Currently I am expecting a pullback to the marks range before targeting the highs. Overall the momentum is certainly bullish but in the short term I expect a pullback, BTD because this could be the last chance for SUB 10k ETH...
As always trade safe EnvisionEJ
My analyse on XAU/USD... NO signalA trigger is needed to enter in lower timeframes, such as trend line breakout at 30 M
🌐 How not to be stuck in your position?🌐 How not to be stuck in your position?
SIGNAL + TIMING = SUCCESS
You asked me how not to be stuck in one long-term, seemingly losing position and how not to miss opportunities.
You have to consider at least two dimensions of timing: zone and scale.
What is a zone? - The time-zone of my signals is UTC, and so, you have to translate.
What is the scale? - The scale of my signals varies from 1-minute to 3-month, and thus, you have the following kinds of positions.
Top traders have at least three kinds of positions: base, intra-day, and long-term.
What is your base position? - It is the base currency within which you feel most comfortable holding most of your capital, and it is usually USDT or BTC.
What are the guidelines for intra-day and long-term positions?
- Professionals often put up to 5% of their base per intra-day position, and they rarely use more than 25% overall of their base at one moment.
- When you make a profit on an intra-day position, you put a part of it (for example, 50% of the profit) into your long-term trade, and you return the rest to the base.
- This way, you manage your risks, and both your intra-day positions and long-term position will grow.
+1 So, why can't an automated system simply do it for you?
You have got your accounts, your assets, and your responsibility.
Exchanges do not allow a bot to read how much capital you have in total, nor how your investment breaks down to different assets and accounts.
Only you have got this information, and only you hold the right to manage your account.
A breakdown of my EU entry showcasing how I analyse the market.I've annotated my charts for your convenience. Enjoy!
Will EPRTs steady climb break all time highs from last year?EPRT has been on a steady rise since the crash of March 2020 and now it's challenging the all time highs from February 2020.
Fundamentally:
* EPRT's expected to deliver a year-over-year increase in earnings
* This may cause the price to go higher and make new all time highs
Technically:
* EPRT's approaching it's all time highs and is expected to break above due to its earnings coming up.
* Not much volume but it's relatively stable volume coming in
Trade idea:
* Now would be a good time to get in if you want to be early
* There's not much volume so we may see a small rejection from the resistance point
* For a conservative approach look for a daily break above $29.34 before jumping in.
* A rejection from $29.34 may send it to retest the support of $28.70 so look for buying opportunities there as well.
JBL approaching resistance that dates back more than a decade!JBL, an electronic components company, is approaching resistance that dates back to more than a decade!
This is huge! When multi year resistances break you can be sure that the stock is going to shoot to the moon.
Looking at the price action on the weekly or even daily, it seems like this may approach or even break above $59.88 in the coming week.
Trade idea:
* Look for a weekly break and close above $59.88. Getting in before that may be a bit more risky since this may act as a strong selling point.
STOR making higher moves to challenge all-time-highs!STOR has been on a rampage since the March 2020 crash. It has been breaking one pivot point after another.
The 2016 highs ($31.44) were broken and served as support in 2019 and support again in Feb 2020. The price broke above again in November 2020 and $31.44 has served as support since.
Now the price is challenging $36.40 which served as support for 5 months before the 2020 crash.
The price did break above $36.40 and if the price makes a weekly close above $36.40 we may be looking at a run at the all-time-highs of $40.78.
A run at the all-time-highs wont happen over night. It may take weeks or even months to get there but until then we'll ride the wave.
Trade idea:
* Wait for a weekly or monthly close above 36.40 as a confirmation.
OR
* Wait for the break but also wait for a retest as a show of confirmation that the price wants to go higher
Bulish idea smc Price react at weemly ob now looking daily and h4 price.make a expansion beacuse it break previous high so wTing for retracemw t
CNC retesting multi-year resistance! Will it finally break?CNC has had $74.50 as resistance since mid 2018 and it's currently being tested again.
Recently the Price Action has been sticking very close to this resistance. This generally indicates that a breakout is imminent. If you go back to 2018 you can see that the PA has never stuck this close to the resistance point.
Will it break?
Your guess is as good as mine. Judging from the bullish PA, I'm going to put money on it breaking out.
Volume is also signalling towards a breakout.
Final thoughts:
* Long term view shows a steady up-trend
* Price sticking close to multi-year resistance
* Day-to-day price action and volume shows that it's ready for a break
* Look for buying opportunities once a breakout is confirmed. I'd be looking for a weekly close and hold above $74.50
This is one to keep an eye on in the coming weeks.
P.S: This is the monthly log chart of CNC
NVDA Update, Able to reach to next resistance zone at 717-748?NVDA is doing great continuously making higher highs and higher lows in H1 time frame.
It seems NVDA has defeated first proposed resistance zone and now is going to attack next one at 717-748 which is a broad one.
Stochastic indicator in Monthly, Weekly and daily time frame is in overbought zone which suggests that going long is too risky now.
For those who has NVDA shares my recommendation is to adjust their stop loss continuously and carefully.
Good Luck everyone.
1inch buy setupif the dynamic resistant break to the upside and retest it we will be looking for buying opportunities
AUDNZD Long IDea1.Strong Rejection of 4 HR support
2. Price broke 4hr Inner trendline
3. Price pulled back to 61.8 zone after trendline break.
4. Price is projected to achieve the daily 61.8, which is in the gray zone ( Monthly resistance)
AUDJPY short set-up Swing Trade1. Daily fib has reached 1.18/1.27 extension zone after a shallow retracement.
2. PRice created a swing high formation after consolidation.
3. Price broke the 1hr trendline
I am looking for a price to move to at least the 38.2 retracement zone.
AUDJPY short set-up Swing Trade1. Daily fib has reached 1.18/1.27 extension zone after a shallow retracement.
2. PRice created a swing high formation after consolidation.
3. Price broke the 1hr trendline
I am looking for a price to move to at least the 38.2 retracement zone.
Clinuvel (CUV) set up for the next 200-350% run-up!Chart pattern:
Since 2014 a regular chart-pattern can be observed in the Clinuvel ( CUV ) chart. After one year of a strong run-up (mostly starting in late February), the stock reaches a local peak (around Sept-Nov) and starts a correction (around -35% to -50%), followed by a longer sideways consolidation. Then the year after late Feb the next run-up starts. After the FDA approval in October 2019 the stock peaked, followed again by a strong and long correction and consolidation.
Currently, a new upmove started end of February 2021, bringing the stock from its recent correction low already up by 40% (20 AUD to 28 AUD).
Assuming the regluar pattern repeats, the new upmove has already started end of February and should bring the stock up to 60-86 AUD (200-330%) by autumn 2021.
Fundamental support of the coming run-up
Clinuvel is an innovative Biotech-Company, based in Melbourne Australia (ASX listed) and the world leader in Melanocortin-Hormones. Clinuvel offers the product "Scenesse" (Afamelanotide), which is approved in Europe since 2014, in USA since 2019 and in Australia and Israel since 2020. The company has no debts and is highly profitable.
There are several fundamental accelerators and good news to support a coming up-move:
- Continues expansion of the product in Europe (more and more countries are approved and reimbursed)
- Massive revenue growth expected in the USA, as the infrastructur for the distribution of Scenesse has been established now
- New Marketing and brand building initiatives
- New studies in place for label extension of the product
-> Vitiligo Phase 3 program to be started soon (Clinuvel is in final alignment with the FDA) (billon dollar market)
-> Ischemic stroke program: First study to be started shortly (billion dollar market)
-> XP study to proof DNA repair capabilities of Scenesse
-> Launch of OTC cosmetic products for mass market, with active ingredients for skin tanning (billion dollar market)
Overall, the management of the company is highly bullish to reach the set goals.
TSLA: The Channel GamesChannel 1:
> Lasted ~1 month and ended with bullish push. (1 Day Timeframe)
Channel 2:
> Lasted ~2 months and ended with bullish push. (1 Day Timeframe)
Channel 3:
> Lasted ~1 month and ended with bullish push. (1 Day Timeframe)
> Important channel, created support/resistance for channel 5.
Channel 4:
> Lasted ~1 month and ended with bearish pull. (1 Day Timeframe)
> Two price rejections, indicated by yellow circles.
> Two mini channels:
>> 1st mini channel ended with bullish push that was rejected. (2 Hour Timeframe)
>> 2nd mini channel ended with bearish pull. (2 Hour Timeframe)
Channel 5:
> Will last ~2 months. (1 Day Timeframe)
> Two mini channels:
>> 1st mini channel ended with strong bearish pull. (2 Hour Timeframe)
>> 2nd mini channel just started with huge impulse. (2 Hour Timeframe)
>>> 2nd mini channel also formed a head and shoulder. (5 Minute Timeframe)
Support/Resistance 1: $895
Support/Resistance 2: $686
White lines: 1 Day timeframe
Yellow lines: 1 Hour timeframe
Yellow Circles: Rejection
USDCAD Short opportunity could be in play by end of next weekHappy Weekend Traders,
Thank you for your likes and questions. If you have any queries feel free to message me.
I have had a few questions around how I build my analysis for the week. Here is one idea, I am looking at, I haven't placed a trade but is on my watchlist due to the below:
Bias: Short USDCAD
Type of idea: Swing
Please note: This chart is 4hr but the EMA is based off the Daily chart. I have used 4hr chart as a way to identify the price action so I can get into the trade early if it moves in my direction but not too early just in case it is noise.
Rationale:
1) Price has reacted between the Daily Chart 100EMA (Red line) & Daily Chart 50 EMA (Amber line) 2 times ( see pink circles)
2) Long term the pair is in a down trend
3) Near term the pair is in a down trend (Black line)
What am I waiting for:
1) USA news release next week (PMI, Non-Farm, Unemployment) I am not going to trade these releases but merely keep an eye on the release and see how positively or negatively it impacts the pair.
2) If news is negative for USD and price closes below Daily Chart 50EMA I will place a short
3) If news is positive for USD and price moves above Daily Chart 100EMA I will not place a trade
Point to note traders: Be careful of all USD pairs this coming week due to the news releases (that is only if your strategy doesn't include trading news releases).
If you like it give it a thumbs up and I will post a follow up should this pair move in favour of my bias.
Have a great weekend, Happy Hunting!
GOLD update Good day traders !!! On gold we are looking at a short setup because we got again into the descending channel again and it seems that we had some sort of fake breakout of the trend line. Also we just completed an "M" formation on the daylight timeframe and we retested the neckline and rejected it. We are looking for a short setup on the short term but be cautious with everything that is happening with the stock market because it has a big impact on commodities as well.
Now if you enjoyed this analysis like and share. If you have a different opinion comment below as I would love to have some more insights about this pair.
Trade safe !!1
