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Rectangle

BATA INDIA IN TIGHT ACCUMULATION RANGEThe price trading inside tight accumulation range and now near the support level of 1380. Price formed strong base which showing price can given breakout in coming trading sessions. Price forming low risk & high reward setup. My initial targets will be 1440/1477/1522+ for the upside. Above 1455+ closing will give a massive breakout in the price and price sharply move towards the upper level. Remember this longer the range stronger the breakout. Breakdown below 1380 will leads to more fall in the price.
NSE:BATAINDIALong
by Jha_Nidhi
1
Toyota Motor Corporation DCA - Rectangle Reversal Company: Toyota Motor Corporation Ticker: 7203 Exchange: TSE Sector: Automotive Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the daily chart of Toyota Motor Corporation, focusing on a potential Rectangle reversal pattern. This pattern may indicate a change in the trend and offers trading opportunities for both short-term gains and long-term positions. Rectangle Reversal Pattern: The Rectangle pattern is a consolidation pattern that forms when the price is bounded by parallel support and resistance levels. It can act as a continuation or reversal pattern, depending on the preceding trend and the breakout direction. A breakout above the resistance level signals a potential trend reversal. Analysis: On the daily chart, Toyota Motor Corp has been in a clear downward trend, as indicated by the blue diagonal resistance line. However, the Rectangle pattern, which has four touch points at the top and five at the bottom, could potentially serve as a reversal pattern. Currently, the price is attempting to break above the 200 EMA. If a breakout occurs with a candle close above this level, the price target is ¥14550, representing a gain of approximately 7.5%. This setup could also present a good opportunity to build a longer-term position, depending on the trend opportunity and whether the Rectangle pattern truly acts as a reversal signal. Conclusion: The Toyota Motor Corp daily chart analysis highlights a Rectangle reversal pattern, signaling a potential trend reversal. Traders should closely monitor the 200 EMA 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
TSE:7203
by KarimSubhieh
Closer look at the current S&P500 situationThis analysis shows what I am currently looking for in the market, regarding the S&P500 possible outcomes. Since my last post the bulls made a good job and prices reached the previous tops level, at a very strong resistance near 4200. But at such levels a small range is common and expected. I highlighted the zone between the orange lines, that was defined by the last top and the last bottom. I am carefully observing the movements around this small area, and I consider that the outcomes from it may lead to decisive movements. I am considering the breakout of the 4200 to be a long trade trigger, whilst the breakdown would be a short trade trigger. But while none of these cases happen I remain neutral until I can see some outcome out of this relevant resistance level. The overcoming of the 4200 zone would be the final missing confirmation of a trend reversal (from bear to bull). On the other hand, this resistance can do its job once again and hold the prices below it, keeping us in the congestion or in the bearish scenario for the next few months. It is good to note that we're close to the "sell in May" seasonality.
SP:SPX
by thessia_
1
APOLLOTYRE CONSOLIDATION BREAKOUT The stock has finally broken out towards the upside after a lengthy period of consolidation, and all signs point towards potential gains. With the momentum firmly on its side and various technical tools indicating a clear path towards higher levels, now is the time to consider jumping on board. Apollotyre has the potential to soar towards price targets of 400/450/500+ and beyond! Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
NSE:APOLLOTYRELong
by Jha_Nidhi
USDCHF Analysis 05/07/2023US Dollar / SWISS FRANC H4 Time Frame Major Trend = Downtrend Minor Trend = Downtrend Nearest Support Area = 0.88230-0.88555 Nearest Resistance Area = 0.89600-0.89900 Overall Bias = Short (Possible Reversal Soon) Short Term Target = 0.878875-0.88250 Ideal Target = 0.90900-0.91250 Invalidation Level = 0.87480 Notes : USDCHF have been in a long downtrend ever since late last year, USDCHF current position is near its major support zone & its 3rd minor wave end with price making an ending diagonal. Our 1st Main And "Ideal" Scenario is the black paths where price will most likely finish its 3rd wave correction to 0.878875-0.88250 before slowly rebounding to 0.90900-0.91250 whilst also making its 4th wave. This scenario will be invalidated if price breaks down below 0.87480. Our 2nd "Worst Case" Scenario is the red paths where price will just continue its correction lower caused by the ever weakening US Dollar to new yearly lows around 0.86650-0.86825.
Long
by CN_FX-999
📈Bitcoin fake bullish scenario📉Hey everyone, first take a look at my previous analysis and positions. Bitcoin can first test the green levels in the bullish scenario, then return to levels below 27,000 with more supply pressure. Price divergences and important pivot levels are marked on the chart. Don't forget to risk-free your position. Consider the impact of the ISM Manufacturing PMI. PMI above 50 is seen as positive for the DXY, whereas a result below 50 is seen as negative (or bearish). Please share ideas and leave a comment, 1 let me know what's your idea. CrazyS✌
Short
by CrazyS
2
EURUSD: Ahead of The FOMC 🇪🇺🇺🇸 Here are the potential scenarios for EURUSD ahead of FOMC: the pair is currently trading within a horizontal trading range. If the price breaks and closes above the resistance of the range - 1.1095, a trend-following movement will be expected at least to 1.1166 level. Alternatively, a bearish breakout of the support of the range - a daily candle close below 1.0908 will push the price lower at least to 1.085. Let's see what will happen and let's simply act accordingly. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
XAU/USD - Is this the start of a bearish trend for Gold? Overview OANDA:XAUUSD was in a bullish trend, however, bearish RSI divergence was formed on the last 2 higher highs and price has since formed a lower low on the 4 hour chart! Analysis & Plan For this strategy, we will be taking into account all mandatory bullish and bearish factors to enter the trade! Since price has already formed a lower low, we are expecting price to break this lower low and continue the bearish trend! Current price is ranging in a bearish rectangle, which is a bearish continuation pattern as well! All factors considered for this trade are displayed on the chart!
OANDA:XAUUSDShort
by Tempo_Trades