SOXL Has Room to Run?This one has a double bottom look, with a higher low, and another 4% remaining to hit take profit enroute to retesting the neckline before breaking out (another 8% from here) or balance and fail! Stop loss of 5% is pretty steep, so typically I either lower my position size or stop loss. Even at 4% stop loss, according to backtest results this wins more than it loses and has done pretty decent in the past, as I have been forward testing this model for over the past 18 months and profiting from over 100 different equities that I signal on.
The King Trading Momentum Strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes! SOXL and over 100 equities are built into this script with optimal backtest take profits and stop losses and can be toggled on by simply checking a box (default they are turned off). Check out my script, as I am always looking for people to help test and I am always interested in feedback...
Swingtradingsetup
Time for ARKK to Breakout?ARKK has been trading within a channel and finally appears like maybe it's time to breakout? When ARKF and ARKW signaled earlier in the day, figured it was only a matter of time when this one would go! With Fed tomorrow this on is a tricky trade and if anything this bear flag appears it retraced to the golden pocket on dropping volume. However, this one is my favorite one to trade when it signals.
Let me know if you think this is a bear flag ready to move lower with Fed speak or going to move higher?
The King Trading Momentum Strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes and even something that measures breakout momentum called Beta for this one! ARKK and over 100 equities are built into this script with optimal backtest take profits and stop losses and can be toggled on by simply checking a box (default they are turned off). This one has won a couple in a row and this algo likes to get streaky!
Chips No Longer Power Hungry?With news of DeepSeek overnight hitting semi-conductors, is there all of a sudden less need for power? Well if there is then the first place I typically go is ERY. This ETF trades as a Bear 2x leveraged ETF to XLE. This means that for every penny XLE goes down, ERY goes up two pennies... Developing situation here so will watch this one closely!
Time to "ZOOM" back to winnings ways?On Thursday afternoon, the King Trading Momentum Strategy triggered alongside eleven other alerts, followed by five more on Friday. This flurry of signals doesn’t exactly indicate a “bearish” sentiment, but as always, the market has its unpredictable ways! With markets approaching all-time highs, I’ve been cautious, limiting my positions to just a few with low allocations in TNA, ADBE, PYPL, and XYZ.
When I analyzed Zoom (ZM), I noticed that it experienced a strong rally from July through the end of the year, gaining over 50%. Now, the key question is: has it finished consolidating, or is there more downside ahead?
Looking back to July, ZM’s performance suggests a classic bull flag pattern. It’s retraced to the 38% Fibonacci level, and during a two-hour window when the signal fired, the impressive “wick” formed caught my attention. Now, after a short-term pump, it’s retracing again, and I’m eyeing the 50% Fibonacci level as a potential entry point.
Unless Monday brings a major selloff due to concerns over the Fed meeting on Wednesday or the PCE data on Friday, I’ll likely use the usual morning volatility to position myself in this trade. Let’s see how this one unfolds!
The King Trading Momentum Strategy employs a robust combination of indicators: the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum measured by ADX+, and MACD confirmation. ZM, along with over 100 other equities, is integrated into this script with optimized backtested take-profit and stop-loss levels. Activating these parameters is as simple as checking a box (they’re off by default), making this strategy both powerful and user-friendly.
SHOP Go Long! Will it break out this time?Recently SHOP has retraced and held the 50% Fib level and has been trading within a channel where it is about at the mid point of it. The King Trading Momentum Strategy yesterday issued a buy signal. This strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes. It has been forming a bull flag on the hourly and pre-market suggests this may be ready to break out. I followed the signal and bought a half position, looking to protect the trade at take-profit of 4%. During backtest this proved to be an optimum area and a stop-loss of 3% is warranted. SHOP and over 100 equities are built into this script. If trade protects at 4%, a trailing stop-loss of 2% will be adhered to in order to lock in as much profit as possible if this stock breaks out of the descending channel! I'm thinking its not too late for me to add to this position given typical morning volatility.
swing trading for December 23 Crowdstrike Holdings(CRWD)CRWD Is Trading Now Using a Price Channel Pattern. Price channels are continuation patterns of parallel trend lines. They indicate that the price is likely to continue moving within the channel.
The breakout from the channel can signal significant trend changes. An upward channel suggests a bullish trend, while a downward channel indicates a bearish trend.
Tesla (TSLA) short term outlookTesla (TSLA) stock is forming an ascending triangle pattern on its daily chart, which signals a potential bullish continuation. This formation is characterized by a horizontal resistance level and a rising trendline of higher lows, reflecting increasing buyer strength and suggesting the possibility of an upside breakout.
The stock has repeatedly faced selling pressure at a horizontal resistance level, which represents a key inflection point. A breakout above this zone could attract further buying interest and signal a continuation of the upward trend. Meanwhile, the rising trendline, formed by higher lows, highlights consistent buying support even during pullbacks, reinforcing confidence in Tesla's bullish trajectory.
Volume is a crucial factor in validating this breakout. A surge in volume as TSLA moves above resistance would confirm the breakout, whereas low volume could indicate a false move, requiring caution. The stock is currently trading above its key moving averages, which are aligned in a bullish formation. Additionally, momentum indicators like RSI and MACD should be monitored closely to confirm the strength of the move.
For traders looking to capitalize on this setup, a potential strategy could involve entering a long position once the stock decisively breaks above the resistance level, ideally accompanied by increased volume. A stop loss can be placed just below the ascending trendline or the most recent higher low to manage downside risk. Profit targets can be estimated using the height of the triangle, projected upward from the breakout point. As the stock moves higher, trailing the stop loss could help lock in gains while still allowing for additional upside potential.
Tesla’s ascending triangle pattern suggests the stock is at a critical juncture. A breakout supported by strong volume and positive momentum could signal the next leg of its bullish trend. However, as with any technical setup, traders should remain cautious, monitor key levels, and use proper risk management to navigate potential volatility.
EURCADHello Traders,
Here is my analysis for this pair. Please feel free to leave any questions or comments below. I'm happy to engage with you!
The entry will only be considered once all your trading rules are satisfied. I recommend adding this pair to your watchlist and monitoring it closely. If the conditions of your strategy align, then it could present a potential opportunity.
Pro Tip:
One of the best ways to improve your trading is by learning from others. Whether it's predictions, market analysis, or trade set-ups based on clear market conditions, studying ideas will help enhance your skills and refine your strategies.
Good luck and happy trading!
WEATH : Recovery ahead?Wealth First Portfolio Management Ltd – Daily Chart Analysis
1. Golden Extension Zone (113%-127%) Reaction
The price reversed after reaching the Golden Extension Zone near ₹1,693.80. This zone acted as a strong resistance, pushing the price down into a key Demand Zone (₹1,355-₹1,331) .
2. Corrective Structure and Support
The price appears to follow an ABC corrective wave pattern , with wave C nearing completion around ₹1,395.20.
Initial support has been observed in the Demand Zone , suggesting potential for a reversal.
3. Trading Plan and Key Levels
b Bullish Scenario
If the price sustains above ₹1,355, it could rally toward the Golden Retracement Zone at ₹1,666-₹1,710.
Key Levels:
Target 1: ₹1,666.60
Target 2: ₹1,710
b Bearish Scenario
A break below ₹1,319 (day close basis) may trigger further downside to the next Demand Zone at ₹1,127-₹1,155 .
Stop Loss: ₹1,319 (day close basis).
4. Observations and Indicators
Volume: Higher volume near the current Demand Zone hints at potential institutional buying.
Moving Averages: The price is trading below the short-term MA, indicating caution until a confirmed reversal.
5. Macro Considerations
Sector-related news or market-wide movements may act as catalysts for either direction. Monitor updates closely.
📈 Share Your Views Below!
Does this setup align with your strategy? 🚀📉
Blue Star Ltd. - Long Setup (Swing Trade)Blue Star Ltd. has approached a key level, presenting a potential swing trade setup. Here’s the trade plan:
Entry Zone: 1880
Entry Price: Once a 15-minute candle breaks above 1880 , the high of that candle will confirm the entry.
Target: 2048.50
Stop Loss: 1795.80 (Triggered if a daily candle closes below this level)
The stock is currently testing the entry zone at 1880 , and if there’s a confirmed breakout, we could see momentum driving it toward the target of 2048.50 . The stop loss at 1795.80 offers a controlled risk, providing a favorable risk-reward ratio for this setup.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
Eris Lifesciences Ltd. - Swing Trade SetupWe have a potential long trade opportunity in Eris Lifesciences with a defined entry and target.
Entry Price: 1368.40 (Confirmed after the 15-minute candle broke above the entry zone at 1350)
Target: 1624
Stop Loss: 1213.05 (This stop loss is considered valid if a daily candle closes below this level)
This trade setup offers a solid risk-to-reward ratio with the target level at 1624. As always, manage risk according to your trading plan.
Disclaimer: This analysis is for educational purposes only and not financial advice. Trade responsibly and use proper risk management.
Syngene International Ltd. - Long Setup (Swing Trade)Syngene International Ltd. has confirmed a breakout above the entry zone, offering a potential swing trade setup.
Here’s the trade plan:
Entry Price: 897.90 (Confirmed after the 15-minute candle broke above the entry zone at 895)
Target: 1027.90
Stop Loss: 828.65 (Stop loss will be triggered if a daily candle closes below this level)
With the entry price confirmed at 897.90 , the setup offers a favorable risk-to-reward ratio. The stock is targeting a move toward 1027.90 , with a well-defined stop loss at 828.65 to manage risk.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
Tech Mahindra - Long Setup (Swing Trade)Tech Mahindra has confirmed a breakout above the entry zone, setting up for a potential swing trade. Here’s the trade setup:
Entry Price: 1654.85 (Confirmed after the 15-minute candle broke above the entry zone at 1640.25 )
Target: 1785.05
Stop Loss: 1567.85 (Stop loss will be triggered if a daily candle closes below this level)
With the entry price confirmed at 1654.85 , the setup offers a favorable risk-to-reward ratio. The stock is targeting a move toward 1785.05 , with a well-defined stop loss at 1567.85 for risk management.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
Himadri Specialty Chem - Long Setup (Swing Trade)Himadri Specialty Chem is approaching a crucial level for a potential long trade setup. Here’s the trade plan:
Entry Zone: 579.80
Entry Price: Once a 15-minute candle breaks above 579.80, the high of that candle will confirm the entry.
Target: 656.3
Stop Loss: 541.55 (Stop loss will be triggered if a daily candle closes below this level)
The stock is testing the entry zone at 579.80 , and if momentum builds, we could see a potential rally towards the target of 656.3 . A tight stop loss at 541.55 helps manage risk while offering a favorable risk-reward ratio for this trade.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly
IRFC - Strong Support Zone (Swing Trade Setup)Indian Railway Finance has been trading around a major support zone between ₹130 and ₹135, which has been tested multiple times in the past. The stock has shown signs of rebounding off this zone.
Support Zone: ₹130 - ₹135 (highlighted in orange)
Current Price: ₹141.99
Potential Rebound: The price is currently bouncing from this strong support area, which has held up well over several months. This indicates potential buying interest around these levels.
Entry Strategy:
I’ll be watching for further bullish confirmation. A 15-minute candle breaking above today's high or a strong daily close above ₹142.80 could be an indication to enter the trade .
Risk Management:
If the price closes below ₹130 on a daily candle , I’ll consider exiting the trade as it would indicate a breakdown of the support zone.
This setup provides a favorable risk-to-reward ratio, especially given the multiple bounces off the support zone in the past. If the support holds, the stock could be in for a significant upward move.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
Anant Raj - Long Setup (Swing Trade)Anant Raj is approaching a critical zone for a potential long trade setup. Here’s the plan:
Entry Zone: 686.30
Entry Price: Once a 15-minute candle breaks above 686.30 , the high of that candle will confirm the entry.
Target: 788.7
Stop Loss: 635.10 (Triggered if a daily candle closes below this level)
The price is testing the entry zone around 686.30 , and a confirmed breakout could lead to a potential move towards the target of 788.7 . The stop loss is well-defined at 635.10 , providing a good risk-reward ratio for this trade.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
India Cements - Long Setup (Swing Trade)India Cements is approaching a critical zone for a potential long trade setup. Here’s the plan:
Entry Zone: 363.95
Entry Price: Once a 15-minute candle breaks above 363.95 , the high of that candle will confirm the entry.
Target: 394.85
Stop Loss: 348.50 (Triggered if a daily candle closes below this level)
The price is currently testing the entry zone at 363.95 , and a confirmed breakout could lead to a potential rally towards the target of 394.85 . A stop loss is set at 348.50 to manage risk, offering a favorable risk-reward ratio for this trade.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
Bikaji Foods - Long Setup (Swing Trade)Bikaji Foods has confirmed a long setup after breaking the entry zone. Here's the trade setup:
Entry Price: 874.9 (Confirmed after the 15-minute candle broke above the entry zone at 866 )
Target: 952.4
Stop Loss: 822.8 (Valid if a daily candle closes below this level)
The entry price of 874.9 has been confirmed, and the setup provides a favorable risk-to-reward ratio. The stock is aiming for a potential move towards the target of 9 52.4 , with a well-defined stop loss at 822.8 to manage risk.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
IDBI DAILY CHART TIME FRAME - MY VIEW ONLYThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Please keep your comments useful & respectful.
Keep it simple, keep it Unique.
Thanks for your support
Tradelikemee Academy
Saanjayy KG
Himadri Specialty Chem - Breakout Setup (Swing Trade)Himadri Specialty Chem is approaching an important zone for a potential breakout setup. Here's the plan:
Entry Zone: 591
Entry Price: Once a 15-minute candle breaks above 591 , the high of that candle will confirm the entry.
Target: 662.8
Stop Loss: 555.10 (Stop loss will be triggered only if a daily candle closes below this level)
The price is nearing the entry zone at 591 , and a confirmed breakout could signal a rally towards the target of 662.8 . The stop loss is placed at 555.10 , with a daily close below this level as the exit signal.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
BHEL - Approaching Key Support Zone (Swing Trade Setup)BHEL is currently approaching a major support zone around the 220-230 range , which has held strong in the past (highlighted by the blue arrows). This zone has provided multiple bounces previously, and it will be crucial to see how the price reacts here.
Support Zone: 220-230 range
Current Price: 223.70
Entry Strategy: I’ll be watching for a bullish or green daily candle to form near the support zone. Once that happens, I’ll look for a 15-minute candle to break the high of the bullish daily candle to confirm my entry.
RSI Insight: The RSI is currently around 24.44 , suggesting the stock is in oversold territory, which could increase the likelihood of a bounce from the support zone.
If the support holds and we get a confirmed bullish daily candle , combined with the RSI in oversold territory, this could set up for a solid swing trade.
Disclaimer: This post is for educational purposes only and not financial advice. Always manage your risk and trade responsibly.