PFE chart update, Medicine is expensive So essentially, I tried to follow the trends.
When doing so, it does form an interesting pattern.
It almost looks like a long position chance.
It depends on where support lands with price action, and where the trend breakout occurs, as there is a nice gap setup on the charts that puts PFE on a climb and allows it to form a bullish long term trend.
Should trend break down past last support and confirm that underside exit, it would probably signal a bearish move is more likely.
However, It's a neat setup to watch.
good luck
Link to other PFE chart will be attached.
Pricetarget
Price Movement Insights: Reversal or Continuation?4H Chart
Current Price: 148.656
Reason for Bearish Reversal:
• Ascending Broadening Wedge (Bearish Reversal Pattern)
• RSI in Oversold Territory (Potential Correction)
Bearish Reversal Price Targets:
• 1st TP: 146.875
• 2nd TP: 143.750
• 3rd TP: 139.557
Conversely (Bullish Targets):
• 1st TP: 150.000 (Psychological Level)
• 2nd TP: 151.563
• 3rd TP: 153.125
Wishing you successful trades!
I think Bitcoin will reach $250,000 per coinI expect Bitcoin to reach $250,000 per coin this cycle. I love the setup—it’s a perfect uptrend with strong continuation patterns. While it may seem far off now, I believe $250,000 per coin for Bitcoin is a realistic expectation. Stay profitable.
- Dalin Anderson
Will Gold Hit New Heights?Current Price: 2653.84
Multi-Timeframe Analysis:
• 4H Chart: Symmetrical Triangle (Bullish Continuation)
• 1D Chart: Pennant (Bullish Continuation)
• 1D Chart: Long-Legged Doji (Indecision)
Given the bullish signals from both the symmetrical triangle and the pennant patterns, along with the long-legged doji indicating indecision, the market is likely to be bullish. Watch for a breakout above the upper trendlines in both patterns, confirmed by strong volume, to capitalize on potential upward momentum.
Price Target Break Out:
2685 | 2728 | 2750
Price Target Break Down:
2627 | 2575
Happy Trading!
Gold Price Analysis: Symmetrical Triangle Formation Signals $$##📈 Gold Price Analysis: Symmetrical Triangle Formation Signals Potential Breakout
Gold trades within a symmetrical triangle formation on the H1 timeframe, and traders are closely monitoring for a potential breakout. This technical pattern, known for its converging trendlines, often signals an impending price breakout, either upward or downward. Here's what to watch for:
🔺 What is a Symmetrical Triangle?
A symmetrical triangle is a continuation pattern in which the price forms lower highs and higher lows , creating two converging trendlines 📊. The market's indecision builds tension, often leading to a significant breakout in either direction as the price consolidates.
🚀 Key Breakout Levels for Gold
As gold continues to move within this symmetrical triangle, there are two potential breakout scenarios:
📈 Upside Breakout Target – $2,693:
If gold breaks out above the upper trendline of the symmetrical triangle, we can expect bullish momentum to push the price toward the $2,693 level. This would indicate a continuation of the upward trend, attracting buyers and potentially setting the stage for further gains.
📉 Downside Breakout Target – $2,614:
On the other hand, a break below the lower trendline would signal a bearish move, with the next potential target around $2,614 . This downside breakout would indicate a reversal or pause in the recent bullish trend, likely driving selling pressure.
🔍 Factors to Watch
Several factors may influence gold’s price action and the potential breakout direction:
🌍 Geopolitical tensions and market uncertainty drive safe-haven gold demand, potentially pushing prices higher.
💵 US Dollar strength: A stronger dollar could weigh on gold, increasing the likelihood of a downside breakout.
📉 Interest rates and inflation expectations also play a role, as rising rates could limit gold’s appeal as a non-yielding asset.
🛠 Trading Strategy
Traders should consider waiting for a clear breakout above or below the symmetrical triangle before entering a position. A decisive move beyond these key levels— $2,693 for an upside breakout or $2,614 for a downside breakout—could offer strong trading opportunities with defined risk levels.
💡 Conclusion
The symmetrical triangle formation on the H1 timeframe indicates that gold is on the verge of a significant move. Monitoring key breakout levels, market sentiment, and external factors like the dollar and interest rates will be crucial in navigating this potential opportunity. Whether gold breaks out to the upside or downside, traders should be prepared for a substantial price move towards $2,693 or $2,614.
🔔 Stay updated with the latest prices and market developments to capitalize on this technical pattern.
Bitcoin Showing Strength, Daily Volumetric bull candlesticks !Bitcoin is following the path according to the pullbacks we have been predicting since it fell to the demand zone. Please check each bullish candle that Bitcoin forms after each pullback, it shows strength every time
Following the smart money concepts and with the movement it is making based on the structure, I am expecting Bitcoin to reach my point of interest very soon. However, before reaching my point of interest, I believe we have to consider that we will see 1 to 2 small pullbacks.
Thank you for following my analysis.
Trading Game. How they manipulate with priceImagine You buy a stock or business, that You think was undervalued based on the "circumstances" and that you think has great value. You bought this at 1$, during 2020 November alongside with the oil rally.
Nobody knows the price. Everyone has a price target... Imagine my price target was 7$ - based on the previous highs. Chances are everyone will look at it the same way and adjust the price based on some context.
Under price momentum, there was buyers and sellers and stock rise to 3$..4$..5$ etc... If everyone use 7$ for guidance - most likely everyone be selling their shares at 5$.
If I wanted you to sell higher I would shout 10$.
If I wanted you to sell lower I would shout 0.50$.
People would adjust their targets and nobody knows exactly how much something is worth. That's what the institutions do with their public price targets. It works like a poker game.
The closer price got to 5$ -> more risk you took by buying or holding it.
If I had a ton of bitcoins, I would shout $200k price. and sell it when it's strong. etc. Then cause panic - to get cheaper prices. #101
$GME: 🚨Small Pop to test $15.76Hello everyone,
Welcome back to another NYSE:GME analysis. Last time, I mentioned that NYSE:GME will bounce between $13-16 before earnings. If there is a daily close above $14.27, price will head to the first PT at $15.76. Above this, NYSE:GME should test $21.72.
As always, not financial or sexual advice 🚀
Good luck!
ETHUSDT: Head and Shoulders Breakdown Targets for Short and LongAfter a thorough analysis of the BINANCE:ETHUSDT chart on a 6-hour timeframe, I've observed a complete Head and Shoulders pattern, with the neckline breached near point B. The pattern indicates a potential SHORT trade, with a target of point C at approximately the 0.618 Fibonacci retracement level of the prior uptrend, corresponding to a price of 2083.91 USDT .
Upon reaching point C , if the price action suggests a reversal with strong bullish signals, such as a Double Bottom formation, there could be an opportunity for a LONG position. The LONG trade could target point D , which is near the 1.861 Fibonacci extension level of the downtrend, projecting a target around 5104.17 USDT.
Please keep in mind this analysis is based on current technical patterns and Fibonacci retracement and extension levels, which are subject to change with market dynamics. This is not financial advice but rather a sharing of my strategy based on my interpretation of the data. Ensure to conduct your own research and apply proper risk management.
Trade safe and best wishes to all!
Bitcoin - Target 1.1 Million DollarsHello Traders, welcome to today's analysis of Bitcoin.
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Explanation of my video analysis:
After the simple break and retest of Bitcoin in January of 2023 we saw a beautiful reversal and already a pump of more than +250% towards the upside. Bitcoin has also been creating a massive ascending triangle formation and if we measure the potential price target of the triangle, also mentioned in the analysis, Bitcoin can reach 1.1 Million Dollars.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
First Wave BioPharma $40 PT Upside potentialBefore the close of the year the Bio Pharma Sector started running wild. It doesn't surprise me why i'm drawn to this company with all the catalysts coming out. Recently with a PT 40 From Roth MKM.
The more you read about the news that comes from this company between CEO investor relations, Merger Deal with Immunogen and entering their phase 3 trial there is so much Upside potential.
Although short term there's a lot of turbulence in the 5.00-5.38 range if it can break and hold strong this stock can get there pretty quick.
Currently holding a Long position.
Trade Responsible,
#TradeTheWave 🏄🏽♂️🌊
$SOL Price Target: $75Solana has been on a tear the last few weeks, one of the best performing large-cap tokens this year.
How high could it go? Well, looking back to February of 2022 on the Monthly chart, $75 was the low point of the wick. Price recovered, and then fell through that level with the FTX collapse.
If CRYPTOCAP:SOL continues to climb, $75 would be a good place to take some profits.
Kinder Morgan - KMI - Opportunity to enter?• Pennant formation after a nice upward movement
• It looks like the breakout from the formation is near
• The breakout should be supported by high trading volume
• Price target at USD 18.37
• Price target near the gap resistance at USD 18.34/18.52 formed at the end of January and the 76.4% Fibonacci retracement
• Let's see if there will be a breakout in the next few days
• Looks like a good opportunity to enter
Sun Uranus Planetary Aspects - Price TargetsAll the major Sun/Uranus aspects on the SPY going back to 2021 to map out future price targets. They major astrological aspects are:
(1) Sun/Uranus conjunction (0/360 degrees)
(2) Sun/Uranus semi-sextile (30 degrees)
(3) Sun/Uranus sextile (60 degrees)
(4) Sun/Uranus square (90 degrees)
(5) Sun/Uranus Trine (120 degrees)
(6) Sun/Uranus quincunx (150 degrees)
(7) Sun/Uranus Opposition (180 degrees)
I've also marked and color coded, on the chart, the future dates that each aspect will be occur.
It appears that SPY is making a bowl and will potentially return to the 12/31/21 highs in order to make a double top. Price target $468 by 9/2023.
PYPL PayPal $2.5K fine for users spreading misinformationIf you haven`t sold PYPL at $171:
or reentered at $68:
Then you should know that PYPL PayPal has removed the policy that would have fined users $2.5K for spreading misinformation.
PayPal said the issue statement was a mistake and denied this policy.
I think it was a "mistake" that will lead to multiple accounts closing and because of that I just downgraded PYPL to $69.
Looking forward to read your opinion about it.
GBP/USD Time To Short?I'm new to charting this asset, but based on what I was able to chart here on the 1H, it seems very clear to me that a considerable fall is looming. I could see it consolidating a bit at the top portion of the uptrend channel I have drawn up. I'd expect it to take a dive by mid January 2023 at the latest--> $1.18596 is my price target. Of course Only Time Will Tell
Baloise - BALN• Possible double bottom formation with the first low end of September and second low mid-October
• Second low with slightly less volume than the first low
• Resistance line at CHF 132.40 which were tested in the last three trading days
• MACD crossed the Signal line near the top of the double bottom formation, which is showing a possible trend reversal
• If we finally see a crossover of the resistance line, further upside to CHF 141.10 will be possible (formation target price).
• The target price is slightly below the 23.6% Fibonacci Retracement (CHF 143.50), what could be a resistance this time.
LRCX exposure to ChinaThe U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia!
This is a move that could have huge impact on American companies.
30% of LRCX Lam Research Corporation revenue comes from China.
My price target for LRCX, considering the gap as well, is $385, but the buy area is even lower, around $345 i think.
Looking forward to read your opinion about this.
BTC - The Upcoming Move that Will Surprise Most Everyone?!? I’m just gonna leave this here. What you’re looking at is a bar pattern copy of a previous move bitcoin has made overlaid onto the current chart - One that just so happens to align nearly perfectly with the Fibonacci levels, from the last daily swing low, to the hypothetically soon-coming swing hight, which would put the upcoming 0.382 at around $23,421, the golden pocket $27,000-$27,500 range, the 0.786 at around $29,585 and the 1.0 at $32,850, peaking there, sometime around August 15th to August 18th.
Let me know what y’all think.
***I’m not a Financial advisor nothing I said is financial advice and you shouldn’t buy or sell anything just because I discussed it in this post. You, and you alone are responsible for your financial decisions and risk management.