Get started

Trendlineanalysis

Silver bounces from support trend lineTrend lines are a powerful tool that represent areas where buyers and sellers tend to change their behaviors. On Silver, we can draw a support trend line that is upward-sloping and has held up prices for several months. Silver has reached this support level and is bouncing accordingly. Any traders positioning long will want to place a stop loss below the support trend line. If Silver does fall below the blue trend line, it is a big clue that the mood of the market is changing and that much lower pricing is on the way. Picking up a clue from Gold, a temporary bounce is normal, but the Elliott Wave count still suggests lower pricing is in the future for Gold. Based on Gold's pattern, this suggests Silver may find a temporary bounce then break down below the support trend line.
OANDA:XAGUSDLong
by JWagnerFXTrader
TOTAL & BTC: Guide to Trend Line AnalysisHi Traders, Investors and Speculators of Charts📈📉 One of the most important parts of trading is following the macro phase and planning your trades. The only way to do this, is to pre-identify the macro market cycle that's currently playing out, as well as determine key zones of support and resistance. You do this by drawing up trend lines on the chart, from a macro perspective. Here's a comprehensive Guide to Elliot Wave Theory, done on ETH : To summarize if you're short on time, Elliot wave identifies upward and downward phases during an overall bullish or bearish cycle. Wave 1-2 can often correct a near 50% from starting point of wave 0-1. This means the price can drop -50%, and you would still be in a bullish cycle . Now that we've discussed Elliot waves, we can also take a quick look at Wyckoff Method for BTC, which I did over here: In other words, don't be scared of corrections! Wait and plan your trade. There's no need to force a trade. If you have identified your support and resistance zones with diagonal and horizontal trend lines, you can wait for the price to reach your target and execute a brilliant trade with a great risk-reward setup.
CRYPTOCAP:TOTAL
by CryptoCheck-
31
Platinum is finally showing some life signals!The price fell hard in the last weeks under the yearly support find, but is finally showing some reversal signals. The green trendline is coming from last August. Both RSI and OBV show some degree of bullish reversal signals. The supertrend painted BUY in 4h. If we can clear the band at 925$, OANDA:XPTUSD can see the 980$ area quickly. Depending on how fast we go there, the structure may look like an eve-adam pattern, which may throw the price to 1040-1080 region. Combining the move with OANDA:XPDUSD , we may be at the beginning of a big bullish movement of precious metals! Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XPTUSDLong
by WhaleGambit
1
KPR Mills: Headed for a channel tradeCMP: 668 | Industry: Textiles P/E: 28.87 | Industry P/E: 33.2|ROE: 23.4% | ROCE: 24.4% |BV: INR 108 | EPS: INR 23.1| MCAP: 32,033 Cr. Aggressive Entry: 668 | Resistance Levels: 710 | 756 | 801 Stop Loss: 598 Confirmation entry levels > 680 | CCI: 92| EMA (9d): 658.7 | S. RSI: 72 Analysis: KPR Mills formed its last bottom in December 2022 at 485. Post that the stocks have been forming new higher highs and higher lows within a parallel channel with decent consolidation of 4 – 5 weeks on average before every rally to new monthly highs. The red line indicates the channel bandwidth line and a close above this line would indicate a confirmation to trade up to and beyond channel resistance levels. Entries at current levels can be taken for 710 levels and a strong support stands at 600, a close below which will hit the stoploss.
NSE:KPRMILLLong
by chandakpulkit
Bitcoin - Weekly Analysis Price action has forming the same patterns during its entire run up, as you can see illustrated by the resistance trendlines. The current pattern is a run up, fade from profit taking, and more buying steps in bringing it to a new high. Rinse and repeat. Currently, we will have to see how the price action reacts the current trendline support. Given that there is a Kumo twist and the price hasn't sold off to test it, could indicate a retest at low levels of support. If the current trendline support fails, then that's how we can be thinking about near term downside. On the flip side, if any news such as a positive court case or ETF approval could act as a catalyst event for buying. I am not saying that is going to happen, rather we must be mindful of the variables and dynamics of the situation. The trendline test will give us more indication of price directionality in the near term. So we will be watching how the current PA and support trend interact over the next week. Based on that interaction, I've given scenarios for both directions and we will have to be agile and unbiased in the short term, and let the price tell us what it is going to do. Sometimes short term forecasting neutrality is the perspective you want. You don't always have to force a binary choice in an unclear scenario.
COINBASE:BTCUSD
by SpektreSignal
1
A Positive Trend Towards Peak Price!The result in continuous high volumes where exceeding the MA20 line was due to efforts in price. This is aligned with the candlestick pattern where the price attempted to break out R2 price before the price closed at the R1 price. The MACD and RSI indicate a positive outlook where not showing indicators to back off from the uptrend pattern. The parallel channel provides a guideline where the price is within the limit of the control channel. In case the price closed below the parallel channel. Then the S1 will be the support limit. R 0.420, 0.430 S 0.355
MYX:EKOVESTLong
by eskopitehmilo
LMT a defense sector leader setup LONGOn the daily LMT, over the long term is shown to have descended into the support of the ascending support trendline in what appears to be an ascending wedge. Confluent with the support trendline is the mean VWAP and the mean band of the Bollinger Bands. I see an opening for a long trade targeting the resistance trendline and also the second standard deviation of the anchored VWAP ( red thick line) Fundamentally, LMT just beat on both the top and bottom lines. It is in a obvious growth industry with a bakclog of production in the setting of the Russian Ukraine war and the need for US and NATO to replenish their stockpiles. This long trade is best for investors content with slow moving blue chip Dow Jones type stocks or alternatively agile options traders able to leverage low magnitude up trends. I see about 10% upside and will buy some call options to exploit this setup.
NYSE:LMTLong
by AwesomeAvani
AUTOLINE INDUSTRIES - A TURNAROUND STOCKHELLO FRIENDS, Here I am sharing my views on AUTOLINE INDUSTRIES (NSE). the Stock has given a fresh breakout on 24th July with good intensity of volume suggesting bullish bias in the stock. Each and every indicator that is helpful in our analysis are also showing bullish bias of which snapshots are given below. Breakout of downward sloping trendline. Now we understand the overall past structure of this stock as per ELLIOT WAVE counts. The stock was in double correction phase in the Wave structure as WXY which is now seems to be completed and now we are in Impulse wave structure of 1-2-3-4-5, in which Wave 1 and 2 are completed and now we are unfolding bigger wave 3 of impulse wave 1-2-3-4-5. Overall wave structure At the time of breakout the stock gave a strong closing above significant Exponential Moving Averages i.e. 50-100-200 Our Trend Indicator - MACD is also positive Uptick in daily as well as in weekly time frame MACD DAILY MACD WEEKLY Strength Indicator/Oscillator - RSI is also positive uptick in double time frame and also it is above 60 that indicates strong strength. Directional movement index - DMI is also showing strong strength as DMI+ line (green) is positive uptick along with DMI line (black) Price at the time of breakout is also challenging the Upper Bollinger Band Conclusion/summary As every parameters are suggesting bullish bias, one may go long with strict stoploss. Thank You - KARAN DINGRA Disclaimer- I am not a SEBI registered analyst. All my studies are for educational purpose. I am not responsible for any kind of your profits and losses.
NSE:AUTOINDLong
by KARANN_DINGRA
2
ENVX - ARMY Contract Maybe Undervalued* Meant to put this on the ENOVIX thread* A Couple things to note is Enovix has been on a steady rise and has had bullish catalyst released. It's on the hook to hit the next leg. Lame pun for the Hook showing on the chart pattern " Enovix said the agreement moves the program toward full volume production. The cells will be used to build pre-production CWB packs. The advanced silicon battery company said the deal is for it to produce commercial cells for use within U.S. Army soldier's central power source, called the Conformal Wearable Battery. " - MarketBeat This launched the stock price to $19 ON JULY 6TH. SPY being on an extreme bull run and new 52 week high ENVX following a similar pattern. ENVX, RSI on close to oversold, Williams showing the stock is curling. ENVX is currently aligned with SPY and have the same exact pattern It may run up with SPY so long as it remains bullish. I Expect it to touch at least $25 but theres a lot of turbulence up there as thats where it's been consolidating in the past. General consensus PT is $38. ENVX has an average rating of buy and price targets ranging from $15 to $100, according to analysts polled by Capital IQ. Trade Responsible, #TradeTheWave
NASDAQ:ENVXLong
by FinesseTheWave
Lockheed Martin Closing Gap?Lockheed martin earnings play. This stock has my interest with multiple contracts with the government and missing 1 of the last 5 earnings. Lockheed is no stranger to getting multiple contracts. A lot of constant contracts coming in with government agencies and commercial airlines. For a month it has been consolidating jun-jul and recently broke out of consolidation. coming up on earnings July 18th with price targets ranging from 498 to 579 and a strong out look from 1- 5 out of 5 its sitting at a 5 for earnings beat from Earnings whispers. Im Bullish looking for at least a gap fill at $475 Trade responsible, #TradeTheWave
NYSE:LMTLong
by FinesseTheWave
2
Bitcoin Weekly Script: Surge, Fall, Oscillate, then Moonshot!BINANCE:BTCUSDT Bitcoin is currently priced at 30051, with four consecutive weeks of horizontal movement at a high level with insufficient volume. We still need a surge in trading volume to push the price. I am more inclined to believe that with increased volume, the price will surge to around 34322, a typical market behavior to lure bulls! Then the bears will exert their strength, gradually suppressing the price to the strong support level of 25175. During the period when people are hesitating whether to be bullish or bearish, the market will oscillate, and the chips will be fully exchanged during this period. Then, the bulls will lift the price sharply to the resistance level of 39600, completing a large cycle structure since the bottoming in November 2022!
Long
by IMBTCKING
🔴 MATIC Hello Dear friends The price chart on the daily time is below a downward trend line and so far this trend line has been preserved. The indicator from RSI has issued a negative divergence on the four-hour time frame. And as we can see, the resistance areas are not fully consumed. But we lost support areas in almost every corrective move. Currently, it seems that the possibility of forming a corrective trend is much higher and the possibility of breaking the downward trend line from this range with this movement momentum is very weak. What do you think?
MShort
by BiTBingo