Tradingpatterns
$SOUN :Is Sound Hound AI the next small cap to SURGE?! 98% move!NASDAQ:SOUN
Is Sound Hound AI the next small cap to SURGE?!
I believe this stock is gearing up for a 98% move higher! So, let's dive into my video below, which talks about the NASDAQ:SOUN stock charting setup for a SURGE to the upside and how it meets my 5/5 trading setup! (My personal trading strategy)
Not financial advice.
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Comment what stock you want to see charting analysis on below.
BITCOIN BULLISH H&S ON W1 to possible $89000BITCOIN Fails to break below a Demand Area, confirming a clear H&S as we close on the W1 Timeframe. Using Fibonacci, we are looking directly towards $89000 minimum. M1 also will create a very bullish Cup & Handle price action. Any trader/investor will not miss this rare opportunity.
EUR USD Trade Setup Daily Timeframe.EUR USD is currently sitting on a Daily Support level and the price is showing signs of bullish momentum by forming a bullish Engulfing candlestick, so we will be looking for buying opportunities.
To get our buy entry lets scale down to the lower timeframe to identify patterns and entry confirmation.
$MBLY The Future is Bright with Massive Upside. 10x Opportunity!NASDAQ:MBLY
The Future is Bright with Massive Upside. 10x Opportunity!
In this video, we will be going over the following with Mobileye Stock:
- The potential for a short squeeze in the name 17%+ short float
- NASDAQ:MBLY aligning with my 5/5 trading strategy
- Potential acquisition of NASDAQ:INTC by NASDAQ:QCOM and what that means for NASDAQ:MBLY
- Upcoming earnings preview
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Comment what stock you want to see charting analysis on below.
Not financial advice.
NASDAQ:QQQ AMEX:SPY NYSE:QS NASDAQ:BIVI NASDAQ:VKTX NASDAQ:ASTS NASDAQ:MNPR
#SmallCaps #TradingSignals #TradingTips #options
EUR JPY Trade Setup 4 Hour TimeframeOn the 4-hour timeframe, EUR JPY is pulling back for a retest of the broken resistance level, which has now turned into a new support level.
The pair continues to move in an uptrend, forming higher highs and higher lows while bouncing off a support trendline.
We will be looking for buy opportunities as the price tests this key support level.
GOLD - a ATH placed? what's next??#GOLD.. market very well placed 2740 as per our video analysis.
now market just retest that area and keep in mind that if market hold it then its means market life high placed so far. and be ready for a drop.
don't buy until market hold your region that is mentioned on chart.
good luck
trade wisely
LCRX RETURNS TO THE SEEN OF THE CRIMENASDAQ:LRCX returning to the seen of the CRIME! ☕️
LCRX is retesting the Cup N Handle BREAKOUT FROM 2023! 🤯
LRCX has already tested and bounced off of its Cup n Handle breakout from 2023 twice and is forming the right shoulder of a shorter-term inverse H&S pattern!
Will it bounce again?! Drop a comment below.
The risk/reward ratio on this one is crazy good, IMO! It's going to take something drastic for that CupnHandle breakout support to bust!
My Short Term PT for this chart is: 🎯$80
My Long Term PT for this chart is: 🎯$107
Not financial advice! 🖖
USOIL... just near to his supporting area? what's next??#USOIL.. perfect move as per our last idea and now market just reached near to his major supporting area and that will play key role in next move.
keep close that region mentioned on chart. that is around 69.60 to 69.90
keep close and if market hold it in that case you can see again bounce from that area otherwise not at all.
don't float your buying's below that.
good luck
trade wisely
Potential Bullish Breakout for SAGA/USDT: Cup and Handle PatternCup and Handle Pattern:
The pink curve outlines a "Cup" formation, which is a bullish reversal pattern. This is typically formed when there is a gradual rounded bottom, followed by a breakout to the upside.
The cup's depth is marked by a large percentage gain (272.58%), reflecting the potential move from the bottom of the cup to the breakout point (the green line at approximately $3.30).
Price Levels:
Current Price: Around $3.30.
Resistance Levels:
There’s a projected upward target of $6.5010, which aligns with the height of the cup pattern and indicates where the price might go following a successful breakout.
Support Level: The lower green line at $1.7944 shows a significant support area in case the price reverses downward.
Measured Moves:
The text "2.3628 (272.58%)" and "4.7561 (272.57%)" indicates that this chart predicts a possible price movement of around 272% from the breakout point if the cup-and-handle pattern plays out correctly. These values reflect the price movements from the bottom of the pattern to the top.
Blue Area:
The blue dashed line and area likely represent a possible consolidation zone or retracement (the "Handle" of the Cup and Handle pattern) before the price potentially continues upwards.
In summary, this chart suggests a bullish outlook for the SAGA/USDT pair, with a potential breakout from the cup-and-handle pattern leading to a significant price increase. However, the handle could form before the price reaches the predicted target of $6.50. Keep in mind that while this is a bullish technical setup, it’s important to manage risks and consider market conditions.
Mastering Pitchforks: A Powerful Tool For TradersGood morning Traders
So I had a question from one of my followers: can you explain pitchforks in more detail:
Pitchforks are a fantastic tool for traders at any experience level, offering a visual way to map out potential support and resistance levels based on market movements. With three key anchor points, a Pitchfork reveals trend channels by highlighting the market's natural ebb and flow. The central line acts like a magnet for price, while the upper and lower lines provide a framework for spotting where the market might reverse or break out.
For a more advanced strategy, try overlapping Pitchforks across different timeframes or swings. When these Pitchforks intersect at certain levels, they create a powerful correlation. This suggests that the market is paying attention to these areas, and they often become key turning points. These confluence zones act like traffic signals, giving you clues about where the market could change direction or gain momentum.
By understanding and leveraging these correlations, you can build stronger, more confident trade setups. Whether you're looking to confirm a reversal or catch a breakout, Pitchforks can help guide your decisions and boost your accuracy in identifying those critical market levels.
I hope this can add more tools to your trading style and maybe you will love pitchforks as much as I do
if you like this video or want more videos: comment below and a good ole boost to help those in our trading community benefit
Happy Trading
MB Trader
olectra **Olectra Greentech Ltd**
### 🔴 **Red Downtrend Line** (Resistance)
This red line represents a **downward resistance line** where the stock price has previously struggled to break above.
🛑 Every time the price has reached this line, it has reversed or dropped, showing that sellers have stepped in.
### 🔵 **Blue Support Line**
This blue line at the bottom acts as **support** for the stock. The price has bounced off this level multiple times, showing that buyers step in when the price approaches it.
🛡️ Each bounce from the blue line indicates that investors find value at this level.
### 🔵 **Blue Circles** (Testing Levels)
The circles indicate where the price has repeatedly tested the resistance or support lines.
📉 Each test of the **resistance line** has led to a pullback until now.
📈 Each test of the **support line** has shown buying interest, pushing the price back up.
### 🟢 **Green Trend Line** (Buying Interest)
This line shows an increase in **buying interest** in the stock over time.
📊 The rise in the line suggests a higher level of demand, potentially leading to a breakout above the red resistance line.
### 📉 **Key Price Level: ₹1,754.10**
This price level is where the stock is currently testing resistance.
🎯 If the stock breaks above this level with strong volume, it could indicate the start of an upward trend.
### 📈 **Volume Bars at Bottom**
Higher green volume bars (buying volume) have accompanied price movement toward the resistance, indicating growing investor interest.
🔥 A spike in green volume can be a bullish signal if the price breaks above the resistance.
### 📊 **Possible Breakout Scenario**
If the stock price successfully breaks through the red downtrend line with volume support, it could indicate the start of a bullish trend.
- 🚀 Breaking this resistance could lead to a sharp upward move if buying interest continues.
In summary:
- 🟢 **Buying interest** is increasing, shown by the green trendline.
📉 The stock is currently testing the resistance level around ₹1,754.
🔍 **Key levels** of support and resistance suggest that a breakout or breakdown could be imminent.
The chart suggests that this is a crucial level to watch for potential movements. However, as noted on the chart, there is no recommendation for buy or sell actions.
just The chart you've shared for Justdial Ltd. (NSE: JUSTDIAL) displays a classic **Cup and Handle** pattern, a bullish continuation pattern that often signals a possible upward breakout. Here’s a detailed analysis
### 1. **Cup Formation ☕**
The stock made a rounded bottom, forming the “cup” part of the pattern.
📉 During this phase, volume gradually decreased, showing limited selling pressure, meaning holders weren’t keen on offloading their positions.
- 📈 As the price hit the bottom, buyers started stepping back in, visible from the slight rise in volume.
### 2. **Handle Formation 🖐️**
After reaching the cup's top, the stock entered a consolidation phase, forming a "handle."
This handle is a brief pullback or minor correction that typically shakes out weaker hands before a potential breakout.
📊 Volume during the handle formation was moderate, showing a controlled selling with no significant panic among investors.
### 3. Breakout & Retest 📈🔄**
After the handle phase, the stock broke out above the resistance level, confirming the cup and handle pattern.
- 🔍 Notice the candle and volume spike during the breakout—this is a positive sign, indicating strong buying interest.
🔄 The stock later returned to retest the breakout level, which acted as new support around ₹1,125.55. This successful retest often reinforces the breakout, providing an entry point for cautious buyers.
### 4. **Volume Analysis 📊**
Volume patterns align with the structure: low during the cup formation, increasing during the breakout, and supportive during the retest.
Consistent volume during a breakout strengthens the pattern’s reliability, showing investor confidence in the upward move.
### 5. **Key Levels to Watch 📍**
**Support**: ₹1,125.55, the breakout level now acting as support.
**Resistance**: Around ₹1,308.85 (current price area), a level that buyers may aim to surpass.
If the price breaks above this resistance with strong volume, it could indicate further upside potential.
### 6. **Outlook 🚀**
The **Cup and Handle** is generally a bullish formation, suggesting further upside is possible if the stock maintains support levels. (no recommendation for the buy and sell)
However, always keep an eye on overall market conditions and set stop-loss orders to manage risk effectively.
This setup reflects positive momentum, with Justdial Ltd. potentially preparing for a continued rally if it breaks through its recent high.
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Please see update on our 4H chart for another PIPTASTIC finish to the week. Our plans to buy strategic dips played out perfectly using our levels
We got the 2640 test earlier this week, followed with a cross and lock opening the retracement range. Retracement range at 2610 was hit perfectly with no lock confirming the rejection for support. The weighted support gave the bounce into 2640, as highlighted by our arrow on the chart idea for the weighted bounce.
We now have the break above 2640 and heading towards our bullish target at 2669. for the finish.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD... At most expensive area, holds or not??#GOLD... market just reached at his most expensive area of the pattern in month and week chart.
That trend line will be most important trend line in current scnerio.
Keep close that line and area will be 2605 around.
That area can change the overall scnerio actually.
Don't short gold until market holds this trend line.
A big swing will start from here.
Keep close.
Good luck
Trade wisely
GOLD - one n single region, what's next??#GOLD .. well moved as per our analysis and congratulations to all.
Now again we have only single supporting area that is 2634 to 2537
One of theoat important area of the month and week.
Keep close that region and only buy above that region and one more thing that is very important as well.
Below that region cut n reverse can be a good option . Don't miss it.
Good luck
Trade wisely
GOLD - only single support? holds or not??#GOLD.. no data on table and we have only single area that is 2637 around.
keep close that level guys and don't hold your buying positions below that,
only stay in buying above that level.
and keep in kind that below 2637 cut n reverse will be good option.
stay sharp here.
good luck
trade wisely
BITCOIN after the FOBO ! ( FAKEOUT BREAKOUT)
BITCOIN, after the FAKEOUT BREAKOUT, has re-entered the bearish channel that we’ve been monitoring for several months. This was a false breakout, which left many of us hopeful for a bullish market, but it turned out to be the opposite!
But no worries, we must wait. The important thing here is that, within the bear market we saw last week, the price bounced off a very important and key zone that we’ve been tracking for several months.
This purple zone is what I call my inefficiency zone, which I also consider one of the strongest areas where Bitcoin has previously made strong impulses.
The only thing we should consider here is that Bitcoin will likely try to break the channel again. We can’t do anything until the price is on the other side of the channel. It’s that simple! Don’t try to enter right now because the price could pull back. Always pay attention to the immediate structure being presented and WAIT!
We already have confirmation that the price has bounced within our inefficiency zone. Now, we just wait for the breakout, so patience is key!
That’s my advice for this week.
Best regards, and thank you for supporting my analysis.
GOLD - one n single area, holds or not??#GOLD... Today is NFP day as you knows and we have only single area as today most important supporting area that is 2653
Keep close that area because only that area can change the story.
Only holding of that area can leads you towards upside further levels.
Keep close it and only short below that otherwide not at all.
Good luck
Trade wisely
GOLD - one n single area, holds or not??#GOLD.. perfect move as per our analysis and congratulations to all.
Now we have single area again for tomorrow that is 2657.
Keep close that area because it will play key role in tomorrow and in next move.
One more thing is keep in mind that 2657 below we will go for cut n reverse on confirmation.
Good luck
Trade wisely