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1802 - 4 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
TSE:1802Long
by TheArtOfCharting
GOLD (XAUUSD): Technical Outlook After The News Gold is currently at a critical point and has formed an inverted head and shoulders pattern on an intraday chart, with a neckline ranging from 2333 to 2339. Upon forming the right shoulder, the price started to consolidate. If the price break and close above the neckline/resistance of the trading range, it is advisable to buy aggressively or on a retest, aiming for a target of 2360. Conversely, if the price drops below the support of the trading range, we will consider shorting the pair with a target of 2300. It is recommended to wait for a breakout for confirmation.
TVC:GOLDLong
by linofx1
6
GBPCAD - Bracketing Channels for BreakoutsAlthough I'm not a traditional channel trader, my eyes light up when I see one. Why? because I know that in the near future the market is going to give me an opportunity to trade & in most circumstances, present a clear clue of what it's likely to do. In this video we're taking a look at the GBPCAD & a recent tight consolidation channel. I'll show you what I need to see in order to have a trading opportunity & where I'm looking for price to go next if that signal occurs. Questions, Comments & Ideas - Please leave them below & I wish you guys a great start to your trading week! - Akil
by Akil_Stokes
2
Asian Paint: Investment Opprtunity Asian Paint's stock price has been stagnant over the last 2-3 years, indicating it is not currently on the radar of investors and traders. On the monthly time frame, it is forming a rectangle or Darvas box pattern. However, if we look at the company's revenue and earnings figures, they are steadily rising. More importantly, its total assets and gross income are also increasing. This suggests that the company, already a market leader, has been steadily increasing its production capacity. Therefore, when industry demand turns, the market leader is likely to benefit the most.
NSE:ASIANPAINTLong
by Pranam18
4
CRUDE OIL (WTI) : Your Trading Plan For This Week⚠️WTI CRUDE OIL broke a significant daily resistance level last week and closed above it. Following the breakout, the market retraced to test the broken level before entering a consolidation phase. I spotted a horizontal trading range on the 4-hour chart. To consider buying the market, I am waiting for a bullish breakout with a candle closing above the range's resistance, which would provide a strong intraday signal. If this occurs, I anticipate a bullish continuation towards the next resistance level.
TVC:USOILLong
by linofx1
5
Bitcoin - Ultimate 2025 target + Name your coinBitcoin should bounce soon from the 62,400 level and continue in the bull market to an all-time high. Why 62,400? All details are in my previous analysis in the related section down below. Critical news: Looking at AI-generated images and listening to AI music causes internal mental bleeding. Regulations on AI will follow. Bad news for AI crypto coins? (Source: X). Michael Saylor's MicroStrategy Acquires 11.9K More Bitcoin for $786M. The company now holds 226,331 bitcoins worth just shy of $15 billion. The company's bitcoins were purchased at an average price of $36,798 each. (Source: CoinDesk). To establish the ultimate profit target for the whole bull run, we need to use the Fibonacci extension and Elliott Wave theory. Throw away all Fibonacci levels on Bitcoin and use only following that works: 0.382, 0.500, 0.618, 1.000, 1.382, 1.618, 2.000, 2.382, 2.618, 3.000 etc......First, we need to make an Elliott Wave count, and after that, we can use the Fibonacci extension tool. As per my Elliott Wave count, we are in the final wave (5) of the whole bull cycle. That means we are in an impulse wave (1)(2)(3)(4)(5) and finishing the fifth wave. In general, to establish the profit target for wave (5), we need to use the Fibonacci extension tool from the start of the bull market, to wave (3), to wave (4). Usually, we want to target the 0.382 fib extension or the 0.618 fib extension. But in this case, it seems to be too low, so I am targeting a 1:1 FIB extension because of the wave (2) look. This gives us a profit target of 114,853. Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Also, name your coin in the comment section and I will tell you my opinion + TA. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
269
Gold Probes Bearish Trend Line Resistance - Uptrend Resuming?Gold has had a relatively quiet couple of months, carving out a broad range between $2285 and $2425 since the start of April. While there are no imminent signs that the range will break any time soon, the precious metal is turning higher off support to test (and potentially break) near-term bearish trend line resistance. A confirmed break here would tilt the odds toward more gains to approach the June high at $2385 and potentially the all-time record high near $2425 in time. -MW
FOREXCOM:XAUUSD
by FOREXcom
AUD/USD Range Intact - One Way to Play a BreakAUD/USD has been consolidating within a 120-pip range for the past 6+ weeks, and there are no imminent signs of that range breaking. However, forex traders may still want to prepare for a potential bullish breakout (helped along by a hawkish RBA meeting and weak US retail sales data). In that scenario, a clean break above 0.6700 could open the door for a continuation toward the 78.6% Fibonacci retracement of the December-April drop at 0.6760 and potentially the December high above 0.6850. However, a false break could lead to a rapid reversal back lower, so risk management will be key. -MW
by FOREXcom