BALMLAWRIE - Rounding Bottom - Weekly chart - SwingThis analysis is done purely on basis of price action and chart patterns.
The analysis is done on weekly TF hence it can take couple of days to couple of weeks to reach the target.
Logic, SL and Target is shown in image itself.
Also, traders can see Cup & Handle formation on chart as well. (double confirmation of priceaction)
This analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis
Roundingbottom
ACIA seems to ready for another runNASDAQ:ACIA consolidated side ways for quite some time and seems to be ready for a bullish move. Targets 79$, 86$~91$ zone and then 100$. Stop can be placed at 66$.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
TATA CONSUMER - Rounding Bottom (Consolidation in Uptrend)Price has formed rounding bottom and can give a breakout above 592 and enter into uncharted territory, price has also been taking support of 9 day EMA since November, currently also price has bounced from the same EMA.
Pattern Target is 130 points post Breakout
VIEWS FOR LEARNING PURPOSE ONLY
Coal India - Weekly/Daily Trendline BO with rounding bottomCoalindia is very interesting candidate, given breakout on weekly and daily trendline and forming a roundling bottom, need to break neckline for further upmove as its in daily supply zone. As per my experience it will retrace and test back broken trendline and demand zone ... Lets see how it react... Target on chart...
SBIN - Medium Long Term StructureAfter a long time, the worst in banking space as a whole seems to be over. This was apparent with the trending move in Nov in the index and all banks.
With amazing results posted by SBIN during the previous quarter seems like this is well headed for stability and solid up move.
ETH/BTC ACCUMULATION Alright ill keep it short because this is about to exlpode!
-Huge rounding bottom = more demand = accumulation
- higher highs and higher lows
- Massive hidden bullish divergence on the weekly
- eth/usd looks amazing too
- Back-tested the spring
-If we break the neckline shown, there is little resistance on the way up
LETS GO ETHERIUM
This is not financial advice, please do your own research before opening a position.
$BYND Looks Ready to Breakout from 4 Month Rounded formationNASDAQ:BYND been working on a 4 month rounded formation that is bringing the stock back to the $164 level. Volume pattern is showing aggressive accumulation during this period increasing the probably of a breakout soon without this pattern transforming into a cup and handle pattern (pull back before a breakout takes place).
A strong daily close above $164 would trigger a long entry with a possible price target of $230-$235 targeting prior ATHs.
TLGT: Showing me its round bottom?TLGT on the 15 minute chart in order to watch it move.
I see a rounding bottom, but I swear I just see that everywhere nowadays.
The fibs, retracement as well as trend-based extension, show a range of PT's above 1.44.
Seems a good PT range is 1.54 -1.62 for lower end, and up to 1.70 for higher end.
Anything beyond those levels will require quite a bit of volume and buying pressure.
Let's see how this plays out!
FLDM: Am I just seeing rounding bottoms everywhere?FLDM hourly chart.
Just wanted to publish my chart before it gets cleared, lol.
I think I see a rounding bottom on this sucker.
Also potential gap above.
Blue lines are what I think are res points.
I have short term and long term fibs showing, hopefully charted properly.
The candlesticks are Heikin Ashi.
The candle filler-colors are representative of RSI.
Vertical Lines:
Yellow (pre-market start)
Green (market open)
Orange (power hour/market close/after hours start)
Red (after hours end)
RSI Colors from High to Low:
Bright Green
Green
Dark Green
Light Blue
Dark Blue
Yellow
Orange
Red
Dark Red
GOLD (XAUUSD) SAUCER or ROUNDING BOTTOM FORMATIONHere on this graph, i wanted to show a good example of a saucer bottom to you in a monthly graph of XAUUSD.
There are so much discussions about Gold's future, in my opinion Gold always had and will have a good future.
Saucer or Rounding Bottom
Generally saucer bottoms marks major turns.
Strength of the turn is about how long the saucer lasted.
On this graph saucer lasted about 8 years which makes it strong!
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