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TSLA: Expanding Channel Signals Critical JunctureTSLA is currently exhibiting a prominent expanding channel on the weekly timeframe. The price is nearing the weekly resistance, which also coincides with the upper boundary of the expanding channel. At this juncture, two scenarios are possible. Firstly, if the price adheres to the resistance level and the upper boundary, we can anticipate a downward movement, leading to a potential market downturn. Conversely, should the price exhibit a bullish breakout above the resistance and upper boundary, we can expect the rally to continue with renewed momentum.
NASDAQ:TSLALong
by TraderChamp-Pro
TESLA CHART - WEEKLY TIME FRAME The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NASDAQ:TSLALong
by Tradelikemee
TSLA Forms Bullish Expanding Channel, Targets Breakout above $35TSLA has formed an expanding channel on the weekly timeframe, indicating potential bullish momentum. Currently, there is a bullish rally approaching the daily resistance and the upper boundary of the channel. Once the price reaches these levels, it's crucial to monitor closely for signs of either a breakout or a reversal in the price action at these key levels. Should TSLA manage to break out above the daily resistance and the upper boundary of the expanding channel, it could trigger a significant rally to the upside, potentially surpassing the $350 mark. Traders and investors should keep a watchful eye on these price levels to make informed decisions based on the evolving market structure and price behavior.
NASDAQ:TSLALong
by TraderChamp-Pro
BABA with a Bullish Breakout on the Daily trendBABA has recently confirmed a bullish breakout on the daily trend, indicating a potential continuation of the upward momentum. The formation of a triple bottom pattern further reinforces the bullish outlook. As long as the support level holds, we can expect the price to rally towards the recent highs around $105. Traders should monitor the price action for further confirmation and adjust their strategies accordingly. It's important to stay informed about the latest market conditions and news related to BABA for a well-rounded analysis.
NYSE:BABALong
by TraderChamp-Pro
2
SPX 500 Analysis(Rising Wedge Pattern)!SPX 500 Analysis on Weekly Timeframe! Rising Wedge Pattern in SPX500 Rising Wedge Pattern Formation after a Strong Downtrend SPX500 was in downtrend before now we are seeing a temporary uptrend but if we observe carefully it is an unstructured uptrend, for trend reversal it has to break 4323.56 level. Now SPX500 has formed a Rising Wedge Pattern. This pattern formation happened after a long down move. Now SPX500 is taking a pause and trading inside a wedge. If SPX500 able to break Support Trendline then the Primary trend will continue which is a Downtrend. I have done all important Analysis on the chart. I hope this will help you to forecast the further direction of SPX500.
SP:SPX
by Avinash9087
Gamestop may rally after a Bullish ConfirmationGameStop has entered an accumulation zone on the daily timeframe, indicating a period of consolidation and potential price reversal. To anticipate a bullish rally, confirmation of a breakout above this zone is necessary. Furthermore, there is a significant daily support level near the current market price, which has been preventing a downward break. Monitoring the price action and waiting for a bullish breakout confirmation will provide more clarity on the potential direction of GameStop's price movement.
NYSE:GMELong
by TraderChamp-Pro
Invitation Homes Inc. DCA - Rectangle PatternCompany: Invitation Homes Inc. Ticker: INVH Exchange: NYSE Sector: Real Estate Introduction: Today's technical analysis focuses on Invitation Homes Inc. (INVH), a key player in the Real Estate sector, listed on the NYSE. The daily chart presents an unfolding Rectangle pattern, indicating a potential breakout scenario for bullish investors. Rectangle Pattern: The Rectangle pattern is typically observed during periods of market consolidation and can signify either a bullish or bearish reversal or trend continuation, depending on the direction and place of the breakout. It's characterized by a trading range where the price oscillates between a defined support and resistance level. Analysis: Earlier, Invitation Homes was experiencing a distinct downward trend, as represented by the blue diagonal resistance line. However, the trend appears to be shifting, with the price now consolidating within a Rectangle pattern that has been forming for the past 238 days. It acts as a reversal pattern. Recently, the price closed not only above the 200 EMA but also above the rectangle's upper boundary at 34.15, so we could enter this trade directly. We would ideally like to see the price break above the diagonal resistance line. Assuming the breakout is valid, the price target is projected at 39.73, indicating a potential upside of approximately 16.34%. Conclusion: Invitation Homes' daily chart suggests a promising setup in the form of a Rectangle breakout, implying a potential bullish reversal. This configuration could provide a favorable long trading opportunity. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions..
NYSE:INVH
by KarimSubhieh
2
TESLA CUP AND HANDLE PATTERN For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
NASDAQ:TSLALong
by Profitlio_Trading
XLY WCA - Inv H&SSector: Consumer Discretionary Select Sector SPDR Fund Ticker: XLY Exchange: NYSE Arca Industry: Exchange-Traded Fund Introduction: Welcome to our weekly technical analysis. Today, we're looking at the Consumer Discretionary Select Sector SPDR Fund (XLY), listed on the NYSE Arca exchange. The weekly chart is currently exhibiting an inverted Head and Shoulders pattern, suggesting a potential bullish reversal. Inverted Head and Shoulders Pattern: An inverted Head and Shoulders pattern is typically seen during periods of market consolidation following a downtrend. It signals a potential reversal, characterized by three troughs, with the central one (the head) being the deepest, and the two on the sides (the shoulders) being shallower and roughly equal in depth. Analysis: Previously, the XLY sector was in a clear downward trend, as represented by the blue diagonal resistance. However, the emergence of an inverted Head and Shoulders pattern during the consolidation phase suggests a potential bullish reversal. Impressively, the right shoulder is higher than the left shoulder, adding to the bullish sentiment. Furthermore, the price has broken above the 200 EMA and the horizontal resistance at 153.40, reinforcing the bullish environment. The current consolidation at this previous resistance level, indicated by a dragonfly doji, may solidify the breakout. However, confirmation will only come with the closure of the current candle. Should the breakout hold, the price target is set at $177, indicating a potential upside of approximately 16.7%. Conclusion: The weekly chart of the XLY sector reveals an intriguing setup in the form of an inverted Head and Shoulders pattern, suggesting a potential bullish reversal. This may signal profitable trading opportunities in stocks within this sector over the coming weeks. As always, this analysis should be used as part of your overall market research and risk management strategy, and not as direct trading advice. Remember, trading carries risk, and past performance is not indicative of future results. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
AMEX:XLY
by KarimSubhieh
AMZN - TREND BREAKOUT AND CONTINUATIONFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
NASDAQ:AMZNLong
by Profitlio_Trading
AMD - BREAKOUT AND PULLBACK ON KEY LEVELFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
NASDAQ:AMDLong
by Profitlio_Trading
Ford Motor Company (F) - Multi Pattern AnalysisCompany: Ford Motor Company Ticker: F Exchange: NYSE Sector: Consumer Discretionary Introduction: Today's technical analysis takes a look at Ford Motor Company (F), a prominent player in the Consumer Discretionary sector, listed on the NYSE. A complex formation is unfolding on the weekly chart where a long-term Head and Shoulders pattern encounters a shorter-term Descending Triangle. This unusual setup, featuring a recent breakaway gap, may suggest a bullish trend reversal. Head and Shoulders & Descending Triangle Pattern: A Head and Shoulders pattern typically signals a trend reversal from bullish to bearish, while a Descending Triangle is usually seen as a bearish continuation pattern. However, in this unique scenario, the right shoulder of the Head and Shoulders pattern, which is longer than the left, has morphed into a Descending Triangle, creating a complex setup. Analysis: Ford's chart shows a clear Head and Shoulders pattern, with the Descending Triangle making up the right shoulder. The triangle has five touch points on the upper boundary and three on the lower. The support of the descending triangle coincides with the support of the head and shoulders. We've noticed a breakaway gap which indicates a bullish breakout from the descending triangle. Currently, the price appears to be attempting a break above the 200 EMA. If we witness a weekly candlestick close above the 200 EMA, we could interpret this as a transition into a bullish environment, presenting a potential long position entry. The price target is set at $18.65, representing an approximately 49% rise from the breakout level. Notably, a minor resistance might be encountered at $16.69. A breakout above this level could also signify a failure of the Head and Shoulders pattern, warranting a recalculation of the price target. Conclusion: Ford's weekly chart offers an intriguing setup for classical price pattern traders. The unusual combination of a Head and Shoulders pattern and a Descending Triangle, alongside a recent breakaway gap, might indicate a potential bullish reversal. This analysis should form part of a comprehensive market research and risk management strategy. Please remember, this is not financial advice, and investing always involves risk. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
NYSE:F
by KarimSubhieh