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HOME DEPOT Last strong buy opportunity.Home Depot Inc (HD) is trading within a Channel Up since the May 16 Low, strongly supported by the 1D MA50 (blue trend-line) following a 1D Golden Cross. The pattern is quite similar to the October - December 2022 bullish Channel and as a result we treat this as the last strong buy opportunity before the Resistance Zone test. Our target is its top at $347.65. Notice that the 1D RSI is also on a Higher Lows trend-line, the trend shift will most likely occur after that breaks. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:HDLong
by TradingShot
4
TESLA Buy opportunity until the end of the year.Tesla (TSLA) has been trading within a long-term Channel Down pattern since the November 04 2021 All Time High (ATH). Since then we've had two clear Lower Highs (top of Channel) and three Lower Lows (bottom) with the most recent one being on November 09. That alone can call for a new medium-term rebound within the pattern, but the strongest buy indicator at the moment comes from the 1D RSI, which made a Double Bottom. As you see on the chart, every time the RSI made a Double Bottom around the 30.000 level, the Tesla stock started a new strong rebound towards the to of the Channel Down. By doing so it formed initially Higher Lows. As a result, this is technically the most optimal buy entry on a 2 month horizon. With the 1W MA200 (red trend-line) just below it, we may indeed see very strong buy accumulation form long-term buyers. Our short-term target is the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) on the medium-term. A break above the 0.618 Fibonacci retracement level, could be a sign of a bullish extension towards the 313.85 Resistance (September 20 High). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
6
BITCOIN Short-term Megaphone patternBTC has been too volatile lately as despite making Higher Highs, it dropped back to Lower Lows and again. The pattern that has those characteristics is the Megaphone (Higher Highs and Lower Lows). Eventually this pattern will break as especially on Bitcoin, I have only found one other time ever that it traded within a Megaphone for a period of at least 1 month. But as long as it holds, it can offer us a few interesting formations. First of following the Lower Low on June 22 and the subsequent rebound, the price is currently pulling-back again, dropping below the 1H MA100 (green trend-line). Every time Bitcoin was below the 1H MA100 (while trading within the Megaphone), that was a bearish sign, except for June 12 when it was an interim bottom that lead to the Higher High. That alone shows weakness and should be considered as a bearish sign. However the RSI has hit today the bottom of the Megaphone's Support Zone (the same low was made on June 08). That day despite hitting that RSI low, Bitcoin went for one last dip for the Lower Low and then rebounded. So do we have one last low to make before the bullish wave for the Higher High? A safer trade could be once the price breaks the symmetrical Lower Highs trend-line (the red line on the chart that was formerly part of a Channel Down). Which way do you think BTCUSD will break to? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> StockSwinger --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
34