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UNITDSPR Breakout, Long for IntradayUNITDSPR Breakout closing in 15 Min. chart, Rectangle/Flag & Pole pattern breakout. Daily Trend is also upwards Wait for the retracement then can go for long position. Question : Why wait for retracement? Ans : Already made 8 green candles, there is a high probability that a red candle can be formed only then we can see the intensity and exact seller price. If sellers are strong then it can be a breakout fail or if buyers are strong then that red candle will be act like a small stoploss/better price place for Buyers. Note: This is just an analysis wait for the price to confirm. Disclaimer : Always follow Risk to Reward, because this is the key to success in this business, no matter how much good a trade is looking, we never know the future.
NSE:UNITDSPRLong
by smrgrover2
BITCOIN - Price can continue to move up to top part of flatHi 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 level, breaking it, and started to trades in flat, where fell to $62500 level. After this, price turned around and rose to resistance line, after which bounced back and recently started to rise again. A few moments ago, Bitcoin reached resistance line, broke it, and now trades very close to this line. In my mind, BTC can make a small movement down and then continue to rise to $68700 level in flat. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3
NVDA: An Unstoppable Rally! How Far Will It Go? (D&W charts).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 previous post is below this analysis, as usual. In this case, there are a few things to remember that can help us. Firstly, the $ 600 is supposed to act as a resistance, not because it is a technical key point, but because it is a round number. More often than not, the market has a thing for round numbers, especially when it is making new highs, and apparently, NVDA is finding a resistance near the $600 (at least in the short-term). Secondly, since NVDA broke the $500, it also triggered a Rectangle chart pattern seen on the weekly chart, as seen on the chart below: The technical target of a Rectangle pattern is its height projected in the direction of the breakout (as evidenced by the red arrows). This takes is to the $626, approximately. Therefore, although NVDA is having a hard time breaking the psychological resistance at $600, in theory it still has more upside. If this is a buy or not, it depends on your strategy and the time-frame you work, but I understand when I see people worried about it being overbought. If we use a few indicators, like RSI, we see that NVDA is around the 80s area, but there is a problem in determining whether a stock is overbought or oversold using only indicators. On May 2023, NVDA went into overbought territory, as its RSI exploded and I saw many people worried about this. However, the price didn’t correct. In fact, it kept going up, while the RSI dropped, and this is one of the reasons why I don’t trade indicators – I trade price, but I use indicators sometimes as a tool to support my thesis, when I need more confirmation. Therefore, as long as NVDA maintains the pattern on making higher highs/lows, trading above its support levels, the bull trend will persist. For now, there is no technical evidence, price action-wise, suggesting a pullback, and if a pullback occurs, we see many support levels to hold the price, as seen on the chart below, like the retracements, the 21 ema, and in the worst-case scenario, the $500 again. I’ll keep you updated on this, so remember to follow me for more analysis like this, and like this idea to support me. Best regards, Nathan.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
5
Bank Nifty: Rectangle Breakout signals potential UPSIDEOver 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 sellers are in a relative balance. The breakout has occurred above the neckline or resistance zone, suggesting a shift in market sentiment. Breakout Confirmation: Traders should patiently wait for a clear breakout above the neckline or resistance zone. The breakout should be confirmed by the closing of a candle above this level, indicating a shift in market sentiment towards the bullish side. Entry Point: Execute the trade on the day of the breakout, preferably after the closing price has convincingly breached the neckline. This ensures that the breakout is genuine and not a false signal. Target Calculation: The target for the trade can be determined by measuring the distance between the low of the rectangle pattern and the neckline. This distance is then added to the breakout point, providing an estimate of the potential upward movement. Retest Possibility: Be prepared for the possibility of a retest of the neckline after the initial breakout. This is a common occurrence, and traders should not be alarmed by a temporary pullback. Risk Management: Stop-Loss Placement : Mitigate potential losses by setting a stop-loss order below the neckline or the breakout point. The level of the stop-loss should be determined based on individual risk tolerance and the volatility of the asset. Risk-Reward Ratio : Evaluate the risk-reward ratio before entering the trade. Ensuring that potential profits outweigh potential losses is crucial for effective risk management.
NSE:BANKNIFTYLong
by VanshikaUdeshi
1
EURCHF ↗️ ↘️ Triple Bottom Chart Pattern 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 is the descending move in the rectangle which is it possible movement after the price change the channel movement 0.95800 and which I don't prefer to trade it . We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
by EMA_Trading
4
What is bullish rectangle pattern?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 breakout from the formation and utilizing the measuring principle. www.google.com 💥 When discussing the bullish rectangle candlestick pattern, we are referring to a chart formation that occurs during an uptrend. It represents a temporary pause in price movement before resuming the upward trend. This pattern signifies a period of equilibrium as the price moves sideways. Once the price breaks out above the upper resistance level, the pattern is considered valid and generates a buy signal. Bullish rectangle patterns are powerful and commonly used in breakout trading strategies. 💥 Conversely, the bearish rectangle pattern is the opposite version of the bullish rectangle pattern. It follows the same formation and rules but occurs during a bearish market trend. 💥 Understanding the key takeaways of the rectangle pattern is crucial for successful trading. Firstly, this pattern indicates a lack of trend as the price fluctuates between horizontal support and resistance levels. Traders have different approaches to trading rectangles. Some prefer to trade within the pattern, buying near the bottom and selling or shorting near the top. Others choose to wait for breakouts, which occur when the price moves out of the rectangle. 💥 It's important to note that the rectangle pattern concludes with a breakout, marking the end of the price's sideways movement between support and resistance levels. 💥 For more insights and daily ideas about market updates, psychology, and indicators, you can follow @QuantVue. If you find their work valuable, remember to show your support by liking, commenting, and following them. By understanding and utilizing the rectangle pattern, traders can potentially enhance their trading strategies and capitalize on the opportunities presented by this classical chart formation.
NASDAQ:AMD
by A1TradingHub
1
📈 How to: Bullish Rectangle PatternThe rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. It can be successfully traded by buying at support and selling at resistance or by waiting for a breakout from the formation and using the measuring principle. 📍Understanding the Bullish Rectangle Candlestick Pattern The bullish rectangle candlestick pattern is a chart formation that appears during an uptrend when prices temporarily pause before resuming their upward movement. It represents a period of temporary equilibrium as the price moves sideways. When the price breaks out above the upper resistance level, the pattern is considered valid, and it generates a buy signal. Bullish rectangle patterns are a type of classical chart pattern that indicate a period of indecision between buyers and sellers. They are common and powerful patterns used in breakout trading. On the other hand, the bearish rectangle pattern is the opposite version of the bullish rectangle pattern and follows the same formation and rules but occurs during a bearish market trend. 💥Key Takeaways: 🔹 The rectangle pattern signifies a lack of trend as the price fluctuates between horizontal support and resistance levels. 🔹 Traders have different approaches to trading rectangles: 🔹 Some choose to trade within the rectangle, buying near the bottom and selling or shorting near the top. 🔹 Others prefer to wait for breakouts, which occur when the price moves out of the rectangle. 🔹 The rectangle pattern concludes with a breakout, marking the end of the price's sideways movement between support and resistance levels. 👤 @QuantVue 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
3
MRVL - Breakout Falling Trend Channel🔹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 | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:MRVLLong
by wavepoint99
9202 - Bullish ReversalCompany: ANA Holdings Inc. Ticker: 9202 Exchange: TSE Sector: Air Transport Introduction: Hello and welcome to today's technical analysis. We're turning our attention to the weekly chart of ANA Holdings Inc. (9202) on the TSE, which is demonstrating an exciting Rectangle pattern breakout that could signal a bullish reversal. Rectangle Pattern: The Rectangle pattern is a common chart pattern that can act as a continuation or a reversal signal, depending on the preceding trend and the breakout's direction. In this case, the Rectangle pattern is acting as a bullish reversal signal. Analysis: Over the past 1155 days, ANA Holdings' price movements have formed a distinct Rectangle pattern. The clear touch points and boundaries define the pattern, with the lower boundary at 2117.5 and the upper boundary at 2989. The price has successfully moved above the 200 EMA, and for the first time in 1155 days, we've seen a clear breakout above the upper boundary of the Rectangle. This is a strong bullish signal, suggesting a potential trend reversal. Conclusion: The price target following this breakout is set at 3853, representing a potential rise of 29%. As always, it's crucial to employ risk management strategies and appropriate position sizing when trading based on chart patterns. Please remember that this analysis should not be taken as financial advice. Always perform your own due diligence before trading or investing. If you found this analysis helpful, please consider liking, sharing, and following for more. Happy trading! Best regards, Karim Subhieh
TSE:9202Long
by KarimSubhieh
PPG Industries WCA - Rectangle Reversal PatternCompany: PPG Industries Ticker: PPG Exchange: NYSE Sector: Materials Introduction: Hello and thank you for taking the time to read my post. Today, we analyze PPG Industries' chart on the weekly scale, focusing on a classic price pattern called the "Rectangle Pattern." PPG Industries is a global supplier of paints, coatings, and specialty materials, traded on the NYSE under the ticker PPG. 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. It reflects a consolidation phase where the market is undecided about the direction of the trend and can serve as a reversal or continuation pattern depending on the context. Analysis: PPG Industries offers an excellent example of a rectangle pattern serving as a reversal pattern. The overall trend has been bearish since 07/06/2021, with the rectangle emerging as a consolidation pattern during this period. This 399-day-old pattern demonstrates clear touchpoints on both the lower and upper boundaries, which are situated at 107 and 138, respectively. Recently, the price broke out of the rectangle and is now retesting the multi-month resistance-turned-support, suggesting a potential trend reversal. All of that happens above the 200 EMA. Price Targets and Resistance Levels: The price target for this pattern is set at 168.55, which translates to a 22.13% increase from the current level. On the way to the target, we may encounter resistance at a supply zone near 168, which should be monitored closely. Conclusion: The PPG Industries weekly chart showcases a textbook example of the rectangle reversal pattern, indicating a potential trend change from bearish to bullish. As the price has broken out of the rectangle and is currently retesting the former resistance as support, traders should keep a close eye on the development of this pattern. Remember 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:PPGLong
by KarimSubhieh