SWING IDEA - CEAT LTDCEAT Ltd , a major player in the tire industry, is currently showing technical signals that suggest a potential swing trade opportunity.
Reasons are listed below:
Break of Symmetrical Triangle Pattern : The stock has broken out of a symmetrical triangle pattern, indicating a potential shift in momentum and the beginning of a new bullish trend.
Bullish Engulfing Pattern on Daily Timeframe : A bullish engulfing pattern has formed on the daily chart, signaling strong buying pressure and a possible continuation of the upward movement.
Support of 50 EMA on Daily Timeframe : The stock is finding support at the 50-day exponential moving average, reinforcing the overall bullish sentiment and providing a strong support level for the current trend.
Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the breakout, indicating strong investor interest and participation in the move.
Constant Higher Highs : The stock has been consistently making higher highs, a classic sign of a strong uptrend, suggesting continued momentum in the upward direction.
Target - 3000 // 3170
Stoploss - Daily close below 2575
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Symmetrical Triangle
bullpennant on the xrpusd 3month logarithmic chartJust posting an updated version of this Also going to post a 1 month timeframe version of it and a weekly timeframe version of it to keep track of how it develops. We can see 3 main targets should the entire pennant be validated and not just the symmetrical triangle. First one is 10 dollars, then 33, then 609. These amounts can of course change somewhat depending on wherever the actual breakpoint occurs. *not financial advice*
Symmetrical Triangle Formation in CAMS – Awaiting BreakoutOverview:
CAMS is currently forming a symmetrical triangle on the daily chart, a classic continuation pattern. This pattern typically indicates a period of consolidation before the next significant move, and given the stock’s strong previous uptrend, there is a potential for an upward breakout. However, the symmetrical triangle is neutral until confirmed, so both bullish and bearish breakouts are possible.
Pattern Breakdown:
The triangle is defined by point A (around 4900 INR), where the stock reached a high, and point B (around 3850 INR), marking the recent low. The price has been forming lower highs C (around 4600 INR) and higher lows D (around 4200 INR) as it tightens into the apex.
This contraction in price is a sign that the market is undecided, but once it breaks out of the triangle, a directional move is expected.
Key Observations:
RSI Oscillator:
The RSI, set to a period of 14, is hovering around the neutral zone (~50). This shows that the stock isn’t currently overbought or oversold. A move above 70 or below 30 could signal a strong trend in the direction of the breakout.
Volume Decline:
As the triangle develops, volume has been tapering off, a typical characteristic of consolidation. A significant volume spike will be key in confirming the breakout direction.
Breakout Levels:
Upside Breakout: A break above point C (around 4,600 INR) could trigger a bullish continuation, given the previous uptrend. Traders should wait for confirmation via price action and volume.
Downside Breakout: A breakdown below point D (around 4,200 INR) could signal a bearish reversal, especially if accompanied by increased volume.
Final Thoughts:
Symmetrical triangles can break in either direction, so it's crucial to wait for confirmation. Given the prior bullish trend in CAMS, there's a greater probability for an upward breakout, but the possibility of a downside move can’t be ruled out. Patience is key—monitor the volume and price action carefully for a strong breakout signal.
Disclaimer :
This is for educational purpose only. I am not SEBI registered advisor. Take advice from financial advisor before investing.
PEPE/USDT: SWING LONG POSITION!!Hey everyone!
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PEPE looks good here. It is breaking out from the symmetrical triangle in 4hr time frame. Long some here and add more in the dip.
Entry range:- $0.0086-$0.009
Target:- $0.0102/$0.0109/$0.0118/$0.0128
SL:- $0.008
Lev:- Use low leverage (Max5x)
What are your thoughts on PEPE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
EURUSD → Resistance Retest. A rebound or a breakthrough? FX:EURUSD is testing the resistance of the local correction, and instead of the expected rebound, I am waiting for an attempt of a breakout with the aim of further growth to 1.12757 on the background of the expected fall of the dollar....
There is important news ahead that traders have been waiting for months. A rate cut. And the question is no longer “when?”, but “by how much?”. 25 basis points or 50 ... But before that traders will have to endure Retail Sales, CPI, FOMC, which may also have an impact on both the market and the Fed.
Technically, the focus is on the resistance of the range, 1.112. The market is likely to fight for this zone, a correction is possible, but a gradual retracement and retest will increase the chances of a breakout. If the bulls hold 1.112, it will open the way towards ATH!
Resistance levels: 1.112, 1.12
Support levels: 1.1099, 1.1072
Globally the trend is bullish, on D1 the price is coming out of the correction phase and continues the upward movement. The news may have a big impact on the market, which will shape both medium and long term prospects... Targets are indicated on the chart
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;)
Regards R. Linda!
CADCJF short bullish push expected technically based
CADCHF we can see SYMMETRICAL EXPANDING TRIANGLE is created, currently price on strong zone 0.62900, here on this zone expecting to see bounce.
Technicals are also strong bullish.
Crucial zone is here on 0.63200, if see break or strong bullish push on this zone, that will be good sign for bullish trend here.
TP: 0.63950 (90)
Expect updates on time.
BTC: NEXT POSSIBLE MOVE!!Hey everyone!
Appreciate a like and follow if this analysis helps!
Bitcoin has successfully broken out from a symmetrical triangle in the 4-hour timeframe. However, a retest of the broken resistance level is likely. Avoid impulsive buying (FOMO) and wait for a potential pullback.
Anticipated Timeline:
Sideways Movement: Expect Bitcoin to trade sideways for the next week or two.
Retest: A retest of the broken resistance level (around $60k) is probable.
Post-Retest Outlook:
Bullish Momentum: A successful retest and subsequent close above the resistance could ignite a strong rally.
Target: The next major target is $80k.
What are your thoughts on BTC's current price action? Share your analysis in the comments!
AUDUSD - Technical Analysis [Long Setup]🔹 AUDUSD Analysis on 1HR chart
- The current Trend is BULLISH
- there is no divergences
- Symmetrical triangle is form
🔹 Trade Plan
- Entry Level = 0.67295
- Stop Loss = 0.67058
- TP1 = 0.67546
- TP2 = 0.67791
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
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NASDAQ in a symmetrical patternNDX rallied to the top of this pennant today before close.
The BTC and NASDAQ correlation is pretty heavy in this pattern.
Do we see Bitcoin find a local top soon and range around $61,400-61,800 this weekend? This would allow for a beautiful open Monday morning with both assets in sync heading into the FOMC week.
Is DHL Group ready to break the long term triangle? 200dma is still acting as major resistance but approaching the end of the triangle. The chances might be high that breakout occur before the end of the year. 2nd quarter numbers were good. 6-6.5 billion EUR operating profit confirmed for 2024. Decent dividend of 4.5% at current prices.
Melanie Kreis, CFO DHL Group: "Thanks to our unique logistics portfolio we are well prepared for when global trade regains momentum."
Bitcoin is Ready to Attack to Resistance zone==>>Short termBitcoin is currently moving in the Resistance zone($55,720-$54,550) .
According to the Elliott wave theory , Bitcoin seems to have completed main wave 4 with the Double Three Correction(WXY) .
Also, in terms of Classic Technical Analysi s, Bitcoin is moving in a Symmetrical Triangle on the 15-minute time frame. The symmetrical triangle is the Continuation Pattern .
I expect Bitcoin to break the Resistance zone($55,720-$54,550) in the coming hours after breaking the Upper line of the Symmetrical triangle .
If you want to know more about Bitcoin, please look at the below post:
Note: If Bitcoin breaks the uptrend line, we can expect more dumps.
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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USDJYP - Technical Analysis [Short Setup]USDJYP
Current trend is bearish
There is no divergence
Symmetrical Triangle continuation Pattern is present on the chart
Waiting for the breakout.
Trade Plan
Entry Level 142.127
Stop Loss 143.862
TP1 140.392
TP2 138.657
Risk Reward
TP1 1:1
TP2 1:2
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SUN/USDT: READY FOR A 100% MOVE!!Hey everyone!
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SUN/USDT looks good here. It breaks out from the symmetrical triangle in a 4-hour time frame and is currently, being it. Buy some here and add more in the dip.
Entry range:- $0.025-$0.027
Target:- 80-100%
SL:- $0.024
What are your thoughts on SUN's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
SWING IDEA - CHALET HOTELSChalet Hotels is offering a promising swing trade setup, backed by key technical factors.
Reasons are listed below :
Break of Symmetrical Triangle : The price has broken out of a symmetrical triangle pattern, signaling a potential upward move and a shift in market sentiment.
Bullish Marubozu Candle on Daily Timeframe : A bullish Marubozu candle on the daily chart shows strong buying momentum, which reinforces the breakout and indicates further bullishness.
Trading Above 50 and 200 EMA on Daily Timeframe : The stock is trading above both the 50 and 200 EMAs on the daily timeframe, indicating strong upward momentum and a positive long-term trend.
Volume Spike : The recent surge in volumes supports the breakout, confirming increased market interest and participation in the stock.
Target - 910 // 960
Stoploss - daily close below 760
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
PEPE/USDT: 300-400% RALLY IN Q4!!Hey everyone!
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Welcome to this PEPE/USDT analysis. PEPE is forming a symmetrical triangle structure in the daily time frame and is heading toward the triangle's lower trendline. We have a strong support here (Green box). Once it breaks out from the triangle, we can expect a 200-300% pump easily. Accumulate it in the green box and hold it patiently.
Entry zone:- $0.0000060-$0.0000070
Target:- 300-400%
SL:- Daily close below $0.0000050
What are your thoughts on PEPE's current price action? Share your analysis in the comments below!
GBPJPY bullish continuation expected
GBPJPY we are have strong bearish push, which is be based on BoJ rate cut which we are have before 2 weeks, when they are raise rates.
On D TF on 21.8 price is make bounce on strong zone, on lower TF 4h we can see SYMMETRICAL TRIANGLE pattern created, its also breaked, for me 191.00 is be strong zone which can be used for confirmation of break of SYMMENTRICAL TRIANGL (next zone which can be used dor confirmation is 192.00).
Currently price looks like its make break, JPY is make strong bearish push in last periods with many majors now expecting to see some rebounces, technically with many looks bearish.
TP1: 194.600 (300)
TP2: 196.600 (500)
GOLD → Retests of 2531 continue. Bulls want to go to 2550FX:XAUUSD continues to strive upward to overcome 2531. The price does not react to the dollar growth and forms a pre-breakdown consolidation in the format of an ascending triangle.
US GDP data slightly cooled market expectations of a significant rate cut in September, the US dollar rebounded strongly. However, this failed to deter gold buyers, who continue to consolidate and move closer and closer to key resistance. Interest in gold is being instilled by geopolitical tensions in Eastern Europe as well as the Middle East.
Ahead is the PCE inflation data in the US. Traders are waiting for hot data, if expectations are confirmed by actual data, the market will continue sideways movement on the background of dollar correction.
Technically, the consolidation has the character of a breakdown formation with the aim of breaking through 2531 and further growth to the psychological data.
Resistance levels: 2531
Support levels: 2517, MA-50, trend
We continue to watch 2531, another retest and slow price approach to the level may break this zone, which may form an upward impulse. But, unpredictable news may break the structure and finally close the price in flat until next week.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
DOGS SHORT term Road Map !!!The price is symmetrical in the triangle, which means that we should wait for the triangle to break.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
AAVE/USDT: 10X POTENTIAL TRADE SETUP!!Hey everyone!
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AAVE looks good here. It breaks out from the symmetrical triangle in the weekly time frame and is currently, retesting it. Buy some here and add more in the dip.
Entry range:- $100-$120
Targets:- $250/$420/$740/$1020/$1320
SL:- $69
What are your thoughts on AAVE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
EURCAD → A change in sentiment to bearish. MA-200 breakdownFX:EURCAD breaks trend support and spills to the downside as funds increase long positions on the Canadian dollar, whose rise is directly linked to the fall in DXY.
On D1, we see the currency pair returning to the range (1.5040 resistance) after a deep false breakdown. Accordingly, after the short-squeeze the market has potential - liquidity located at the bottom. Accordingly, in the nearest future the market may test 1.497, then 1.493.
BUT! On H4 there is a strong zone of 1.498 ahead. There is a high probability of a false breakdown and correction before a further fall, because below this zone there is a huge pool of liquidity, which will not let the price pass the first time.
Resistance levels: 1.506, 1.5085
Support levels: 1.498, 1.49
The 200&50 SMAs act as resistance, which indicates the current market sentiment. If the market is weak, a correction may not happen, bears may break the level quite quickly. In any case, it is worth watching the price reaction at 1.498
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURCAD ;)
Regards R. Linda!