After creating a rectangle since Jan 2024, Legal and General has broken to the downside after lacklustre targets issued yesterday. Price is falling below 231 support. Since March 2013, L&G has gone nowhere and it looks like it could eventually hit 161, if the stock market reverts to a downtrend or business is below expectations.
Breaking out of rectangle patter formed since Feb 20 should mean an upside target of 648. Good results & defence industry make it more resilient in the face of other factors affecting the economy (e.g. election and recession). Do your own research and this is not a recommendation to trade in this stock.
Hello Traders ! On The Daily Time Frame, The EURJPY Price Formed a Rectangle Pattern. Presently, The Resistance Level is Broken ! So, I Expect a Bullish Move 📈 ------------- TARGET: 166.430🎯
Hello Traders ! On The Daily Time Frame, The AUDUSD Formed a Rectangle Pattern. Yesterday, The Price Broke The Support Level. This Key Level Becomes a New Resistance Level ! So, I Predict a Bearish Move 📉 TARGET: 0.63620🎯
Rectangular pattern Breakout after good Consolidation. Volume Buildup . Good for Short term. Target 252 , 305 ,360 . Do Like ,Comment , Follow for regular Updates... Keep Learning ,Keep Earning... Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for...
USDJPY is currently in a bullish trend. Price is forming a bullish flag rectangle, indicating a potential continuation of the uptrend. The pair is finding support at the 50% Fibonacci retracement level, adding confluence to the bullish bias. What you guys think of this idea ?
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price traded below $68700 resistance level, which coincided with resistance area. Soon, BTC broke this level, formed a rectangle, and later turned around from $73850 points and started to decline. In a short time, price declined lower $68700...
As We Talked in The Previous Analysis: The GBPUSD Formed a Rectangle Pattern. Currently, The Resistance Level (1.27428 - 1.28280) is Broken. and Becomes a New Support Level ! So, I Predict a Bullish Move 📈 ---------- TARGET: 1.29380🎯
NVDA shares are in a very strong uptrend, and since they broke the previous all-time high around $500 (yellow area), we have been navigating in unknown waters, since there are no more “previous tops” to act as resistance levels to guide us here. Since our previous study, NVDA has made many important movements, so let's update our idea. Remember, the link to my...
Over the past few days, NSE:BANKNIFTY has experienced a downtrend, presenting an opportunity for traders to analyze a potential reversal through the formation of a rectangle pattern. The rectangle pattern is a horizontal consolidation pattern characterized by parallel support and resistance levels. It indicates a period of market indecision, where buyers and...
Rectangle breakout from a pattern which started over 2 years and 5 months ago. Price retested the bottom of the rectangle on Oct 10th but continues to fall and could head towards the early 20s. WARNING: This is not a recommendation to trade. Do your own research and make your own decisions.
ARKUSDT is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is being respected by inclining trendline and has also formed bullish rectangle pattern which is also being supported by inclining trendline. These two to gather putting strong bullish confluence for the pair. What you guys think of this idea
Hello Everyone 🙋🏽♂️ As we could see at the end of the descending channel, we had 3 bottom and the most recommended movement after the triple bottom is a ascending trend, so we had two scenarios her as we could se on the chart, 1️⃣ first one is the ascending trend which is the most common move to this pattern after testing the price 0.96200 2️⃣the second one...
OPUSDT is in strong bearish trend and also form bearish rectangle pattern. Recently the instrument has break through important support zone. Now the price is trading within the rectangle and seems like it getting ready to break it. Will the sellers took benefits from these bearish confluences?
HOOKUSDT has formed multiple bullish pattern. Initially it has formed inverted head and shoulder and also has given the breakout of neckline. and now it is trading in bullish rectangle and seems like it is on the verge of breakout. if the breakout holds , it will be nice setup to go long.
NZDCHF is in fine bearish trend and smoothly following bearish channel. Recently the pair has created a rectangle pattern and now break through the rectangle as well, suggesting more downside is on table.
The rectangle pattern is a well-known technical analysis pattern that can be a valuable tool for traders. It consists of horizontal lines representing significant support and resistance levels, indicating a period of indecision in the market. This pattern can be effectively traded in two ways: by buying at support and selling at resistance, or by waiting for a...
🔹MRVL has broken through the ceiling of a falling trend channel in the medium long term. 🔹MRVL has broken the resistance at 52.82 of a rectangle pattern, which signals a further rise. 🔹The short term momentum of the stock is strongly positive, with RSI above 70. 🔹Overall assessed as technically positive for the medium long term. Chart Pattern; 🔹DT - Double Top |...