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Sony Group Corporation DCA - Inverted head and shoulders + C&HCompany: Sony Group Corporation Ticker: 6758 Exchange: TSE Sector: Electronics Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the daily chart of Sony Group Corporation, focusing on an interesting combination of two price patterns, an inverted head and shoulders and a cup and handle pattern. This combination provides additional confirmation for classical chart analysts and offers a compelling trading opportunity. Price Patterns: Inverted Head and Shoulders: This pattern has been forming for 384 days and features a clear horizontal resistance line at ¥12,380. This serves as our reference point for the pattern. Cup and Handle: The right shoulder of the inverted head and shoulders pattern contains a 126-day old cup and handle pattern, which provides further confirmation and a second possible price pattern. The same horizontal resistance line at ¥12,380 serves as the reference point for this pattern. Bullish Environment: The price has been above the 200 EMA for some time, indicating a bullish environment. Price Targets: Inverted Head and Shoulders: The price target for this pattern is ¥15,520, representing a potential price increase of 25%. Cup and Handle: The price target for this pattern is ¥14,725, representing a potential price increase of 19%. Trade Opportunity: A breakout has occurred, making this trade actionable without further observation. Conclusion: The Sony Group Corporation daily chart analysis highlights the combination of an inverted head and shoulders pattern and a cup and handle pattern. This provides a compelling trade opportunity with clear price targets. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
TSE:6758Long
by KarimSubhieh
HPQ WCA - Ascending Triangle Company: HP Inc. Ticker: HPQ Exchange: NYSE Sector: Technology Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the weekly chart of HP Inc. (HPQ), focusing on an interesting price pattern, an ascending triangle as a reversal pattern. Although rare, ascending triangles can indeed act as reversal patterns, offering potential trading opportunities. Ascending Triangle Reversal Pattern: An ascending triangle is a bullish continuation or reversal pattern, characterized by a horizontal resistance line and a rising trendline that connect the higher lows. The pattern typically indicates an accumulation phase where buyers are gaining control, leading to a potential breakout above the horizontal resistance. Analysis: On the weekly chart, HPQ exhibits an ascending triangle reversal pattern. We can see a clear horizontal resistance line at $30.95, which has already been touched three times, and a clear diagonal uptrend line that has been touched twice. Importantly, this pattern is forming above the 200 EMA, reflecting a bullish environment. The price target for this pattern is $37.60, representing a potential gain of approximately 21%. Traders should closely monitor the horizontal resistance level at $30.95 for any signs of a breakout. Conclusion: The HPQ weekly chart analysis highlights an ascending triangle reversal pattern, signaling a potential reversal of the current trend. Traders should closely monitor the horizontal resistance level for any signs of a breakout. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NYSE:HPQ
by KarimSubhieh
Marsh & McLennan Companies (MMC) Weekly Chart AnalysisCompany: Marsh & McLennan Companies Ticker: MMC Exchange: NYSE Sector: Financial Services Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the Marsh & McLennan Companies (MMC) chart on the weekly scale, focusing on a classic price pattern called the "Rectangle Pattern." Marsh & McLennan Companies is a global professional services firm operating in the financial services sector, traded on the NYSE under the ticker MMC. Classic Rectangle Pattern: The classic rectangle pattern is a chart pattern formed when the price of an asset moves between two parallel horizontal lines, representing support and resistance levels, over a period of time. In essence, it reflects a consolidation phase where the market is undecided about the direction of the trend. Analysis: In the case of MMC, we find a textbook example of a rectangular formation, with several points of contact to the upper and lower boundary. The resistance was at 177.32 and the support at 146.73. The price pattern has formed for 497 days, and now, for the first time, a weekly candle has closed above the resistance level of 177.32. The price is currently retesting the resistance as support, which provides an ideal entry opportunity. The price is clearly above the 200 EMA, implying a bullish environment. Additional Analysis: With the breakout above the resistance level, we should closely monitor MMC's price action for confirmation that the breakout is genuine and not a false breakout. A successful retest of the 177.32 level as support could signify that the breakout is valid, and we may expect the price to move towards the target at 203.53, which represents a ~15% price increase. Conclusion: The Marsh & McLennan Companies (MMC) weekly chart showcases a classic Rectangle Pattern, reflecting a consolidation phase in the market. A breakout above the resistance level and a successful retest as support indicate a bullish scenario. By closely monitoring the price action and support and resistance levels, traders can be better prepared for any potential price action in the future. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NYSE:MMCLong
by KarimSubhieh
AMZN breaking down (30 min)As we see Amazon break through the cloud to the downside we should expect more downside to come into next week.. I would play this to the downside until, or if we break the horizontal line which is resistance to the upside. It is possible we test that line and then break down or we just see it keep breaking down from the price it is at now. The good thing is we have broken out of the cloud and should see momentum continue to the downside. Always have a stop loss and it tight.
NASDAQ:AMZNShort
by UnknownUnicorn910751
DERO RisingDero is a privacy-focused cryptocurrency that aims to provide fast, secure and anonymous transactions utilizing innovative blockchain technologies. The focus is on enhanced Privacy and Smart Contracts while maintaining the transparency and security of the blockchain. DERO is the first crypto project to combine a Proof of Work blockchain with a DAG block structure and fully anonymous transactions based on Homomorphic Encryption. DERO will be the first Homomorphic Encryption based blockchain to have smart contracts on its native chain without any extra layers or secondary blockchains. At present DERO has Smart Contracts on old CryptoNote protocol testnet. For a closer look at the salient features of the DERO project: github.com Price Action: DERO hit a recent low of $3.75 on 10 March and surged 154% in the following weeks to hit a 2023 high of $9.54. It has now retraced 26% since then and has found support around the 50 day Simple Moving Average (SMA) ie. $7.11 This could be an interesting time to accumulate DERO for the next bull-run.
DLong
by rzinho
EUR/AUD looks bullish! Good RR!Hey tradomaniacs, looks like we are going to get a nice buy-signal for EUR/AUD as soon as the breakout of the trendchannel of the lower timeframe happened. As soon as we get momentum and eventually an FVG which has to be closed by a pullback, we could consider to go long in this scenario. A strengh in USD aswell as rising Yields might cause upcoming downmoves of indices and stock, which would boost this setup as AUD tends to fall harder as a risk-on-currency than EUR. What do you think?
Long
by Trading2ez
OP is trying to break its resistance👁️👁️Hello traders🖐🏿 OP is trying to break its resistance in 2.4$. I think it can be accomplish this time, if this break happen, price grows to 2.64$, that is a key resistance, because 2.64$ is level of upper edge off symmetrical triangle that formed in last weeks. The break of 2.64$ will start a bullrun till 4.2$ as a new ATH. Now the momentum of price movement is very good, and its a good sign to break the resistance. In another hand we should keep our eyes to ETH chart, if ETH can break 2000$, the road to 4.2$ is clear. Its not a financial advice, its just my idea. Good luck👊🏿
Long
by HrSs7
FRR May Explode Soon!Hi Traders. This is my personal opinion about FRR and Don't Use It As A Financial Advice. Based On Many Reasons, I believe FRR Will Experience A Sharp And Huge Upward Move Soon. Targets : 0.00016 0.0025 1- As You Can See In The Chart Below, It Touches The 1.618 Trend-Based Fib Extension With The Most Huge Volume That Ever Recorded For FRR. 0.0001 IS Also Known As A Psychological Support Level Too. Seeing Such A Huge Volume Exactly On the 1.618 Level, Is A Sign of a Possible Reversal Move. 2- Obviously, It's Forming a Great Bullish Rsi divergence in The Weekly Timeframe That Could Be Another Sign For This Possible Upward Move. 3- Believe it Or Not, There is An Unwritten Rule About The Ichimoku. The Price Always have desire to Go Back And Touch ( Fill ) The V Shaped Tenkan-Sen Or Even Kijun-sen! Mark My Word. As you Can See In The chart below, There Is a V Shaped Tenkan-Sen That Needs To Get Filled On The 0.0025 soon Or Later. 4- In The Fib channel Below, The Price Is On the Middle Of This channel And As You May Know, The Middle ( 1.5 Fib Level ) Is Always Consider As a Support. If It Breaks, The Next Target For The Fall Would Be 2 Fib Level Which is Around 0.00004-0.00005 And It's The Mega support. 5- Keep It simple Guys! The N Shape Classic Patterns Must Complete! The Downward Move is Going to End And The Corrective Wave Must be Formed. The corrective Wave is The Upward And The Last Part of This N Classic Pattern! 6- Look At The Reverted Chart. obviously It's On a Strong Resistance! If It Was the Right chart, You Would Buy it at This Level in Hope of a Break-Out And Think That It Goes For Fly To The Moon And Never Stops?! Think about that... 7- If You Look Into The Community of This Shit-coin, You Can See Everyone is Screaming And Crying and Make Rumors And Nonsense! This is Another sign that The Bottom Is Forming Or We are Very Close To it! Anyway, Until FRR Is Below This Main Resistance in Daily Timeframe, The Trend Will Remain Downward. In Order To Reverse The Trend into a Sweet Long-Term Upward Move, It Needs To Break This Main Resistance. Any short-Term Upward Move will Consider As Just a Corrective Wave and The Trend Will Remain descending. Once Again, This Was Not a Financial Advice And Do your Own Research, Specially For such a Shit-Coin That Could Get Delisted From Exchanges At Any Moment!
FLong
by Trading-Mechanics
3
CRUDE OIL-LONG-ANALYSISCRUDE OIL has been on DOWNTREND for several months and past four month's monthly volumes are considerable less and shrinking too. In monthly timeframe, December has formed bullish hammer and so am expecting a bullish hammer in January also. Looking at the volumes, sellers have dried up and buyers have pulled up prices from 75-70 multiple time now. Since several months downtrend was following the channel and it is likely to exit the channel upwards which will MARK BULL RUN in CRUDE OIL price above 100 USD. The BLUE ZONE marks the BUYING OPPORTUNITY, NOT RISKING MORE THAN2% OF THE ACCOUNT and the GREEN ZONE another BUY OPPOTUNITY, NOT RISKING MORE THAN 5% OF THE ACCOUNT, WITH STRICT SL 71.9 Pushing prices below the BLACK ZONE will make the crude oil more bearish. FUNDAMENTALS ARE SUPPORTIVE AS WELL.
BLACKBULL:WTILong
by devashishgupta21
2
DDOG Long SetupThe CCI positive divergence, increase in volume, and downtrend break up are all bullish indicators for the underlying asset. Additionally, the stock s able to close above a key resistance level, it could signal further upside potential. As an investor, it's important to weigh the potential upside against the risk and consider diversifying your portfolio. As always, it's important to conduct your own research and consult with a financial advisor before making any investment decisions.
NASDAQ:DDOGLong
by hermes_fx
XAU/USD Outlook : Potential Targets and Trading OpportunitiesJoin us as we take a closer look at the XAU/USD market and identify key levels of support and resistance . Based on our analysis, we'll provide you with potential targets and highlight the best trading opportunities for the coming week. Whether you're a seasoned trader or just starting out, this video will give you a comprehensive overview of the XAU/USD market and help you make informed decisions. Don't miss this opportunity to stay ahead of the game and maximize your profits in XAU/USD trading!
FOREXCOM:XAUUSDLong
by Mahdicryptodotma-pro
BTC/USD short selling opportunityThe BTC/USD pair has been in a downward trend for the last few weeks, as it has dropped from a high of 23041 to its current level of 22983. This downward trend has created a good opportunity for bearish traders to take advantage of short term trading opportunities. The current bearish trend has been driven by a combination of negative news, rising volatility, and low demand. The possibility of further drops in the BTC/USD pair is high, with some analysts suggesting that the pair could fall to a low of 21000 in the near future. In order to take full advantage of this bearish trend, traders should utilize short term trading strategies such as scalping and swing trading. These strategies involve entering and exiting trades quickly to benefit from small, short-term movements in the market. Traders should also be sure to monitor the news and any economic data releases that may affect the market, as these can have a significant impact on the price of the BTC/USD pair. Overall, the bearish trend in the BTC/USD pair has opened up several short-term trading opportunities, with some predicting the pair could fall to 21000. Traders should take advantage of these opportunities by utilizing short-term trading strategies and closely monitoring market activity.
BITSTAMP:BTCUSDShort
by SherSHAA
1