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Rectanglepatterns

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
Reliance Industries: Could be great momentum trade!!Reliance recently raised its mobile tariff. So the stock is in news. Stock was trading in a range (rectangle pattern, darvas box, accumulation stage. After the announcement of the tariff hike by the company, its stock price broke out from the range. This breakout could be the continuation of the uptrend of the stock, and in coming days we have see further rise in the stock price of reliance. Pattern gets invalidated if it breaks down from the range.
NSE:RELIANCELong
by Pranam18
Bitcoin Must Show Decisive in its Move before im excitedHi guys. So i posted recently some crypto related stock ideas. I felt like i should do a BTC update as they are directly related. When BTC goes up, all related crypto assets move up. So lets jump right in. This is a 1 week analysis. So we have established a consolidation range. Consolidation ranges is just a price range between which an asset moves up and down in. The key is to observe a confirmation of a breakout either ABOVE or BELOW it. The Key lvls are: 1. $61,000 as support 2. $71,000 as Resistance FOr our Bull market to continue and move into the final supercycle phase of the crypto market we need a DECISIVE BREAK ABOVE 71,000. This will in a short time print a blowoff top and end Bull market. I have up a bunch of Moving averages in different colors. What i'd love to see is from ascending order: Purple 1st Green 2nd Blue 3rd Red at the bottom This order signifies that a Bull market is going on. STOCH RSI has also crossed BUllish above the 20 lvl. If you look left, everytime we've done so We've moved higher. _________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on BTC in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
COINBASE:BTCUSDLong
by SafofAllTrades
Upwork a calm before the storm? Will we have a massive Bull run?Hi guys! This is a Macro analysis on Upwork (UPWK). Macro meaning larger timeframe aka the 1 week in this instance. Alot of stocks are down fromt heir previous tops. Which means potentials for longterm gains for many names are possible. I try to make sense if things have the technical signs to buy or not. For UPWK -> some interesting signs were observed. It was observed in comparison to previous patterns seen in the price action and indicators. Note however, past data does not reflect certainty. It does not need to repeat as is. But again the resemblance is in your face! And it is something to keep in our minds. Starting with price. Notice the "Major Resistance" black trendline. Price has been historically above it or below it with major moves seen. Above it = Massive Bull Run Below it = Downtrends followed by consolidation. Being relatively new public company, we only have 1 data point to use. Now notice the previous green box marked. Red trendline shows the downtrend in price, followed by a black trendline that highlights the beginning of the uptrend before massive bull run. Before we get ABOVE the "Major Resistance" trendline, we consolidate for a period of time in the orange rectangle. That then catapults prices significantly higher. Notice Volume is seen to spike as well. Also notice the indicators added: STOCH RSI during price actions time inside the orange rectangle (consolidation) moves down. As soon as it crosses Bullish, prices shoot out of the consolidation zone and above the Major Resistance. Notice too the MACD, the pattern here is that it stalls here becoming almost flat, with histogram bars turning light green, as it turns Dark Green and Blue line curves up, this signals the price to shoot out of consolidation, moving above "Major Resistance". Fast forward to our current data. We are repeating almost to the tee, the same pattern. Will it be the same? Or will we be rejected? Well, we need 3 signs to occur. STOCH RSI must cross BULLISH (Blue line above orange line) MACD needs Dark Green bar print with increasing size and Blue line to Curve UP VOLUME Must start to increase/ spike Without these 3 signals it is more likely we get rejected here! Another thing to observe is the consolidation or rectangle pattern. Remember its never a good idea to trade within any chart pattern. A confirmed break above will determine uptrend. A confirmed break down will cause rejection. Very important to continue to observe UPWK. Ill be sure to update as things become clearer! __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on HOOD in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:UPWK
by SafofAllTrades
8
Paychex (PAYX) Revenue miss... Is this the end?Hi guys! As always, im looking for macro trends/ signals and critical movements/ developments in the markets. What caught my eye is PAYX. Today it gets the focus as it had Q3 revenue miss and its down 6% pre-market. With panic coming in, ill go over technical developments and the big picture. Lets jump in. We are in the 1 week timeframe (note this weeks candle has not yet printed and can current develops can change throughout the week). Currently, we are range bound between $100.00 and $133.00. After the large bull run it had looking left. It is now in a period of accumulation/ consolidation in my opinion. This pattern started December 2021. So its a long-term pattern. Which will take alot to break out of. Breaking to upside would continue the bull run to new all-time highs. Getting there though, will take time. And we must break other obstacles first. First thing to break is the Short-term resistance trendline. 2nd thing to break is the upsloping channel highlighted, which is a intermediate trend. If we get rejected from any of these obstacles, we can also continue down to test the lower border of the range. Our first test of support would be the lower border of the sloping channel. We must also watch VOLUME -> increase in volume would help us with breaking this obstacles and eventually getting us to the top of the range and an eventual breakout. Watch also the 2 indicators i put up. MACD -> We need a bullish cross with the lines moving ABOVE black horizontal trendline to form a higher high. This would help the case of breaking trends, moving above the consolidation range and to new highs. If we get a bearish cross we can retest the support line of the ascending channel and lower range of the consolidation zone. RSI - A HIgher high print is needed to continue upward and eventually out of the consolidation range. Notice however the resistance ABOVE us, depicted by the trendlines. A bearish case is printing a Lower low, doing so may bring us down to the black support trendline. Depending on how low the RSI goes, will determine how far down we go as well. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on PAYX in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:PAYX
by SafofAllTrades
NVIDIA Weekly Technical AnalysisNVDA weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Confluence, Cluster, Channel, Pitchfork, Rectangle, Fibonacci Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
NASDAQ:NVDA
by BahamasX
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
SILVER FUTURES Daily Technical AnalysisSI1! Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Rectangles, Pitchfork, Modified Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
COMEX:SI1!
by BahamasX
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
$ZOM Potent investment opportunityObserving the trading chart for this particular equity, it's evident that the security has been encapsulated in a range-bound, or "rectangular," pattern since 2018, with the central pivot point firmly established in the $0.20 vicinity. This technical analysis, combined with strategic stock purchases by the CEO and other insiders, signals a strong vote of confidence in the company's prospects. When we scrutinize the fundamentals, the recent earnings report paints an encouraging picture: a robust 43% surge in revenue, bringing it to $6.0 million, bolstered by an impressive gross margin of 67%. Additionally, the company's liquidity position remains strong, with $142.4 million on hand, providing ample financial flexibility. Given this confluence of positive signals, both from a technical and fundamental perspective, there's a compelling case to be made for this stock as a potent investment opportunity at this junction.
AMEX:ZOMLong
by AllHart
📈 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
$TOTALDEFI Identifying a Rectangle Bottom PatternHello, Traders! Today, I want to share an exciting technical analysis finding on the cryptocurrency Total DeFi ( CRYPTOCAP:TOTALDEFI ). A rectangle bottom pattern has been identified, indicating the potential for a bullish move in the near future. Let's delve into the details! 📈 Ticker: CRYPTOCAP:TOTALDEFI 📅 Timeframe: Daily Chart 📊 Pattern: Rectangle Bottom 📉 Understanding the Rectangle Bottom Pattern: A rectangle bottom is a bullish chart pattern characterized by a horizontal price consolidation range. It signifies a period of consolidation before a potential bullish breakout. This pattern indicates the possibility of an upward price movement. 🔍 Identifying the Rectangle Bottom on CRYPTOCAP:TOTALDEFI : Upon analyzing the daily chart of CRYPTOCAP:TOTALDEFI , the following observations come to light: 1️⃣ Price consolidation range: CRYPTOCAP:TOTALDEFI has been trading within a horizontal range, with relatively equal highs and lows. 2️⃣ Multiple touches: The price has tested the upper and lower boundaries of the range multiple times, confirming the validity of the pattern. 3️⃣ Volume analysis: Observe increasing trading volume during the breakout phase to confirm the pattern's reliability. 📈 Price Targets and Trading Strategy: If the rectangle bottom pattern on CRYPTOCAP:TOTALDEFI plays out as anticipated, a potential bullish breakout above the upper boundary may occur, indicating a potential price appreciation. Consider the following price targets: 1️⃣ Target 1: Resistance level near $60 billion 2️⃣ Target 2: Psychological resistance near $80 billion 🛡️ Risk Management: Managing risk is crucial for successful trading. Implement the following risk management techniques: 1️⃣ Set a stop-loss order below the lower boundary to protect against unexpected price reversals. 2️⃣ Adjust position size based on your risk tolerance and overall portfolio management strategy. 🔔 Conclusion: Keep a close eye on Total DeFi ( CRYPTOCAP:TOTALDEFI ) as it continues to develop this rectangle bottom pattern. The pattern suggests the potential for a bullish breakout and subsequent price increase. However, please remember that technical analysis is not foolproof, and market conditions can change. Consider incorporating additional analysis and fundamental factors before making any trading decisions. Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a qualified financial professional before making any investment decisions. Happy Trading! 📈💰 #tradingview #technicalanalysis #rectanglebottom #bullishpotential #TOTALDEFI #cryptocurrency #chartpatterns #tradingstrategies #investing #finance #marketanalysis
CRYPTOCAP:TOTALDEFILong
by STP_MrNodeItAll
1
BNB will Continue To Fall To $180 from $345BNB buyers did a good job recovery from last year 2022 Nov dump to 180 up to the HKEX:345 resitance zone. The.only issue here is that after multiple attpemts to break this price range it Signals failure which is a strong sign of weakness and lack of interest in buyers as each thrust lacked a follow through. How ever The Month of May- June doesn't look too promising for buyers if the current sellers continue to grow then the bulls dream to 430 resistance will be destroyed Before any more attempt if the current Monthly candle remains unchanged or continue to turn more Bearish. This shows that soon the bear pattern developing according to the MT Pandora's box above a bear hit could push price further down to 316 to 180 zone if the selloff continue to increase. There will be mini-pull ups along the dump . Our swing Short Plan on BNB Remains: 📈 FUTURES TRADE SIGNAL 📈 👉 ASSET: CRYPTOCAP:BNB (BNB/USDT) 👉 ACTION: SHORT 👉 1st ENTRY PRICE:  HKEX:333 2nd ENTRY PRICE : HKEX:330 3rd Entry : $329.4 👉 STOP LOSS: HKEX:345 👉 1st TAKE PROFIT: HKEX:316 2nd TP: HKEX:299   3rd TP; HKEX:269 , 4th TP : 190 worst 56 by 2024. 👉Disclaimer: This signal is for informational purposes only and does not constitute financial advice. Crypto trading carries risk, and past performance is not a guarantee of future results. The user assumes full responsibility for any profits or losses incurred, and the signal provider is not liable for any investment decisions made based on this signal.🥰 Always come back to check on this post as we are going to keep updating this post with more entries opportunities. Kindly Like🥰 and Follow us if you enjoyed this free post.
Short
by MachiavelliTrader
2