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Head and Shoulders AMZN LONG $$$AMZN has recently demonstrated an uptrend until a sudden momentum change on 9/19. The current resistance level (neckline) is set at $145.05. With the beginning downtrend, the stock sets up a short position from the neckline to roughly $102. Following a reversal from support of the previous shoulder, a long position forms and AMZN exits the pattern. MacD and SQZMOM are indicative of a trend reversal while RSI is indicative of an overbought condition. In the broader market context, many major stocks have recently experienced significant corrections, followed by impressive rebounds, eventually reaching new 52-week highs. This pattern may serve as a template for what could happen with AMZN after this inverted head and shoulders formation. Possible Long positions and Short positions look like this: Remember to put your stop losses after the last low!
NASDAQ:AMZN
by HammerSurf
Strong Bullish Momentum!Despite the news, I've been bullish on the Dollar Yen and it appears the weekly chart is confirming that. It's currently on a bullish movement, having surpassed the immediate resistance level and heading higher. For counter trend traders, I recommend waiting for further confirmation before engaging in shorting opportunities. The four hour chart is on the rise to the previous resistance, but ensure to match your time zone with your trading house broker time. There's presently a violation of the previous high on both the four hour and one hour charts, so it's not ideal to short yet. If you're seeking a buying opportunity, keep an eye out for a pullback at 144.79. On the four hour chart, there's a trend line waiting for a retest at this level. Ensure to wait for candle close before entering trades and watch for the market respecting the trend line. Personally, I choose to look for a buying opportunity at 147.49. My initial stop-loss will be placed at 147.15, and target 1 at 147.94. However, please note this isn't trading advice, so be sure to conduct your own analysis and not follow blindly.
Long
by RaynLim
#NZDUSD short term buying opportunityprice bullish corrective move forming a bullish channel as you can see clearly in the chart and now price is testing this channel lower boundary which acting as a support. Moreover, price also testing its short term bearish channel line and currently testing its return line which add to possibility of bullish expected move. Also in 30 minutes chart we can see price formed hammer #candle_stick formation and failed to close below its previous low. And in 1H time frame we have reverse bullish divergence.
Long
by mohemati
#GBPAUD Short term selling opportunityAlthough in long-term view price is in bullish Daily and weekly move, but in short term price managed to form bearish market structure ( I mean 4H and 1H timeframe ) so its possible to look for selling opportunities but with extra cautious. As we can see in the chart we have valid 4H bearish channel, price recently broke below supportive area which hold price higher for 3 time and now can act as a resistance, price also below 4H EMA and seems like going to test it again, price also around our channel middle line which can also act as resistance.
Short
by mohemati
1
BANK NIFTY INTRADAY LEVELS FOR 15/09/2023BUY ABOVE - 46030 SL - 45920 TARGETS - 46150,46300,46430 SELL BELOW - 45820 SL - 45940 TARGETS - 45630,45470,45300 NO TRADE ZONE - 45820 to 46030 Previous Day High - 46150 Previous Day Low - 45820 I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both. In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures. Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully. Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
8
Unity Software Inc.: The Future of Real-Time 3DUnity Software Inc. (U) is a leading provider of real-time 3D development tools. The company's platform is used by game developers, artists, architects, and other creative professionals to create interactive experiences. Fundamental Analysis The fundamental analysis of U stock is positive. The company is growing rapidly, and its financials are strong. U is also well-positioned to benefit from the growing demand for real-time 3D content. Technical Analysis The technical analysis of U stock is mixed. The stock is currently trading below its 20-day and 50-day moving averages, which are bearish signals. However, the stock is also trading near its support level of $37.00, which could provide a buying opportunity. Overall, the fundamental analysis of U stock is positive, while the technical analysis is mixed. Investors should carefully consider both factors before making a decision about whether to buy or sell the stock. I hope this post is helpful. This analysis represents my thoughts at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
NYSE:UShort
by YExplore
#GBPNZD buying opportunitutechnical confluences for buying: 1- price is in overall bullish long-term market structure, which seems like followed by a bearish corrective move. (as it seems till now) 2- price has reached 4H timeframe 200 EMA and failing to close below it. 3- In 1H timeframe price formed double bottom and also we have double bullish divergence formation between the last two swing low in 1H time frame, which add to possibility of bullish move. In case this analysis materialize we expect price to at least test its previous lower-timeframe high if not break it to the upside in the direction of higher timeframe
Long
by mohemati
GBPUSD Trend Analysis - Buy or SellPound was making lower highs and lower lows. Previously GBP rejected from the Resistance x3 times and continue pushing down. Scenarios: 1- Retest the recent Resistance and continue pushing down towards the zone. Also break the zone the form the next lower low to respect the trend. 2- Buying above the top Resistance or Reversal in Trend. Note: Trade according to the scenarios, risk management, account size, and always take entries on Confirmations.
Short
by ChilhoodTraders
Indian Oil: % years Inverse Head and Shoulder BreakoutIOC has been in an Inverted H&S pattern formation since March 2018 which it completed in July 2023. Inverted H&S patterns often implicate a bullish run post pattern breakout and they become crucial specially when the pattern is in formation phase for dew years. IOC replicates a similar view and the stock has given a breakout in May 2023. The run still continues supported with high crude oil prices as well. With a long term view the stock seems to go upto 129 levels in few months from now. (Given the pattern is observed in monthly chart)
NSE:IOCLong
by chandakpulkit