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Triangle

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
NSE:CHALETLong
by Visionary_Growth_Insights
USDJPY → Consolidating before the news.... FX:USDJPY has been in consolidation for a long time, correlating with the dollar. Traders are waiting for key news and are not ready to act early. The currency pair is in the downward phase, which is a consequence of the strengthening of the Japanese yen on the background of the dollar's decline. The Central Bank of Japan actively considered the issue of raising rates, but postponed this step for later because of destabilized markets. Today is an important report on inflation in the USA. So far, everything is going according to the Fed's plan. Markets are actively plotting the start of a Fed rate cut in September. Technically, the bearish trend may continue, there is a huge pool of liquidity above 147.9, which may be liquidated before further decline. Resistance levels: 147.9, 150.2, 150.86 Support levels: 146.29, 144.04 Technically and fundamentally we have prerequisites leading to a possible decline. We should wait for news to take some actions.... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDJPY ;) Regards R. Linda!
Short
by RLinda
26
EURUSD → A retest of the liquidity zone. Ready to go to 1.130FX:EURUSD is testing the liquidity zone within the correction. False breakdown of the channel boundary may form another bullish potential for continuation of growth to 1.1300 The currency pair forms a false breakdown of 1.1123, after which it enters the correction phase amid a strong market. The price is testing 0.236 fibo on D1, forming a false breakdown we get a reaction in the form of a pullback. On H4 the situation is even more interesting: false breakdown of the support conglomerate: 0.5 fibo + channel boundaries, which only strengthens the bullish set-up. Today the focus is on CPI in the Eurozone, as well as Core PCE in the US. High volatility is possible and the news may set a short-term tone in the market. Resistance levels: 1.1099, 1.1201 Support levels: channel boundary, 1.1061, 1.1047 The task of the bulls is to keep the defense above the resistance of the ascending channel, as well as above the level of 1.1099 - 1.11, in this case the price will consolidate above the lower boundary of the new bullish channel, which will open for us the potential for growth to 1.1300. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Long
by RLinda
4
LTC → Price exit from accumulation ↑BINANCE:LTCUSDT is coming out of accumulation, breaking the structure of the “descending wedge” pattern - a rather strong bullish pattern. Price is still pinned by resistance, but the bulls have a chance... Globally, there is no trend in the market. The price is in a sideways movement between 114.0 - 56.0, which I consider a positive reason for a possible rise, as the price moves between the levels in a range. But we have prerequisites for possible growth (consolidation above MA-50, break of the wedge resistance), theoretically the price can head towards the resistance of the global range. Emphasis on the area of 0.5 fibo - 67.8. If the bulls successfully manage to keep the defense above the mentioned zones, in the mid-term the coin can show a good realization towards 76.9 - 88.6. Resistance levels: 67.8, 76.9 Support levels: descending line, MA-50, 0.5 Fibo Perhaps the primary retest of 67.8 will not bring success and the price may form a small correction, but the gradual return of the price to the retest will increase the chances of a breakout. A fixing above the level will be a good signal for growth! Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:LTCUSDT ;) Regards R. Linda!
Long
by RLinda
5
PEPE/USDT: 300-400% RALLY IN Q4!!Hey everyone! If you enjoy this analysis, a thumbs up and follow would be greatly appreciated! 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!
Long
by CoreCrypto1
12
GBPNZD → Realization (distribution) phase. Target 2.065FX:GBPNZD is in the phase of realization of the previously accumulated potential (descending triangle), at the moment a counter-trend correction is formed, directed to the liquidity area. The fall may continue. The currency pair entered the range of 2.117 - 2.095. The lower boundary and the liquidity area have not been tested yet, so the potential target is still valid. The counter-trend correction is due to the counter-trend growth of the dollar against the main basket of currency pairs. On H4, there is a conglomerate of strong resistances ahead, which may prevent the price from the first time, accordingly, a false breakdown and further decline should be considered. Resistance levels: 2.11, 2.113, 2.12. Support levels: 2.098, 2.085 The breakdown of the structure, character and the formed confirmation of the bear market indicates that the counter-trend correction can be stopped from the liquidity pool area, so the downward movement can be continued from the mentioned resistance Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPNZD ;) Regards R. Linda!
Short
by RLinda
4
Many Possibilities for RTNTFPeace and Blessings here we have RTNTF on the weekly and daily chart. Please observe on the weekly chart that RTNTF is on an upward trend however it got a pull back to the trend line and key level, please notice that the last two candles have been positive on the weekly. On the day chart utilizing Heikin Ashi to simplify the price action we see consolidation in the form of an asymmetrical triangle. Will this break out on the day chart lead to positive price action or a swing past the weekly trendline or will it consolidate into another pattern, we must wait and see?
OTC:RTNTF
by paper_Trader1775
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)
Long
by DepaTrading
EURJPY bearish continuation expected EURJPY 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. Here now on lower TF we can see DESCENDING pat created, this idea is based on TREND follow and still expect to see new higher bearish from here. Currently price look like its make break, EUR technically with many look bearish and fundamentally tomorrow we will have strong EUR event (German GDP) where expect more weaknes on EUR. TP1: 157.600 (300) TP2: 156.100 (450)
Short
by DepaTrading
Technical Analysis on Alibaba (BABA)Alibaba ( BABA ) has been in a long-term downtrend that began in October 2020. In the medium term, however, the price has entered a phase of compression, suggesting a possible pause or reversal of the trend. Analyzing the volumes using the Volume Profile, we can see that the price is currently caught between two key Points of Control (POC): POC 1: A significant volume level that considers the entire historical data of the stock, located around the $80 area. POC 2: A medium-term POC that reflects the current phase of compression. Bullish Scenario: To consider a potential bullish scenario, it will be necessary to wait for the price to reach POC 1, located around the $80 area, followed by a breakout and a possible retest of the descending trendline. The first significant resistance and target for this bullish scenario is around the $120 area. Bearish Scenario: For a continuation of the downtrend, it is important to monitor the price in relation to the two POCs. If the price drops below both levels and breaks the ascending line, with a possible retest, we could see an extension of the downward movement.
NYSE:BABA
by Giovanni_Bandini