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NYSE:LLY Double Top Pierce A double top is a bearish reversal pattern in technical analysis that often signals a potential trend reversal in an asset's price. This pattern typically occurs after an uptrend and is identified by two peaks at approximately the same price level, separated by a trough or a pullback. Here's a breakdown of the double top pattern: 1....

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BITSTAMP:BTCUSD Weekly Chart Price Target for bitcoin. Bullish consolidation refers to a price pattern observed in financial markets, particularly in stocks or other securities, where the price of an asset temporarily pauses its upward trend but shows signs of maintaining a positive bias. During bullish consolidation, the asset's price may trade within a narrow...

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The NASDAQ:COIN (Coinbase) Inverse Head and Shoulders pattern is a technical analysis formation that typically signals a reversal of a downtrend. In this pattern, there are three key components: Head: The middle trough, often at the lowest point, represents a temporary low in the stock's price. Shoulders: These are two peaks on either side of the head and are...

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Timing is everything, and direction matters most. Mastering both unlocks the ultimate advantage. Green up arrow is timing and the direction. Green line is our dynamic support level, a close below may end the up cycle Fundamental analysis of the S&P 500 involves assessing economic indicators, earnings, interest rates, and other factors influencing its constituent...

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Growth Story: with algorithms Global Reach: Over 426 million active accounts across 200 markets, spanning diverse regions and demographics. Platform Expansion: Beyond its core peer-to-peer payments, PayPal offers branded checkout solutions, merchant services, and even credit products, broadening its appeal. Mobile Focus: Investing heavily in mobile payments...

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Meta Platforms Weekly Chart Meta Platforms (META) presents a compelling case as a growth stock, though it's not without its complexities. Here's a breakdown: Growth Drivers: Dominant Social Media Presence: Meta owns behemoths like Facebook, Instagram, and WhatsApp, boasting over 3 billion monthly active users across its family of apps. This vast user base...

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Wait for a pull back to the blue trend line before buying. A close below and the pattern fails. Best moves come from failed moves. Cup & Handle Pattern The NASDAQ:SMH (Semiconductor ETF) is exhibiting a Cup & Handle pattern in technical analysis. This bullish continuation pattern involves a rounded bottom (cup) followed by a consolidation period (handle)....

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NYSE:HSY Fibonacci Support & Pivot at 152.20 and 618 Fib Support "Fibonacci support is a key level in technical analysis derived from the Fibonacci sequence. Traders use these levels to identify potential price reversals or areas where an asset may find support. These levels, such as 38.2%, 50%, and 61.8%, are drawn based on the Fibonacci ratios and play a...

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NASDAQ:TLT Resistance at $100 Pivot, Friday December 15, 2023 NY Fed President Williams stated on CNBC, "We aren't really talking about rate cuts right now." This seemed to conflict with Jerome Powell's post-meeting press conference. It does not matter what they say it will show up in the charts and our algorithms.

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AMEX:SPY Bull Flag 4 Hour Chart, A bull flag is a technical analysis pattern that often signals a continuation of an existing uptrend. It is considered a bullish pattern and is identified by two main components: 1. **Pole (Flagpole):** The first part is a strong, upward price movement called the pole or flagpole. This represents a rapid increase in price over a...

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A bearish rising wedge in technical analysis is a chart pattern characterized by converging trend lines, forming an ascending wedge shape. It suggests weakening momentum and potential for a downward reversal. Traders often interpret this pattern as a sign of an impending bearish move in the market.

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NYSE:PLTR , trading at a resistance price of $20.24, is at a pivotal point where the interests of bulls and bears converge. Bulls are hoping for Palantir to undergo a period of consolidation at this level, which could build the necessary momentum to break above the resistance, marked by the blue line on the chart. Conversely, bears are looking for a sharp reversal...

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NASDAQ:AFRM double top insight on the weekly chart, a development that is garnering attention from both bears and bulls in the market. Bears are keen on seeing the stock reach this critical level soon, as it could indicate a reversal and a potential downturn. On the other hand, bulls are looking for signs of bullish consolidation, as this could provide the...

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The NYSE:MCD (McDonald's Corporation) stock is exhibiting a double top pattern, which is often interpreted as a bearish signal in technical analysis. This pattern is characterized by the stock reaching a high price point twice, with a moderate decline in between, forming an 'M' shape. Given this pattern, a trading strategy could be to enter a short position,...

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The AMEX:GDX chart is currently exhibiting a bullish pattern, characterized by an inverse head and shoulders formation, a key technical analysis indicator. This pattern typically suggests a potential reversal of the prior downward trend, indicating a likely upward movement in price. An inverse head and shoulders pattern is a notable formation in technical...

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Gold achieved a historic milestone with a record monthly close in November 2023. For gold bulls, the next crucial step is the formation of a bullish consolidation, potentially leading to a bull flag pattern on the weekly chart. However, the path ahead is not without challenges, as indicated by the significant resistance levels depicted by the blue lines on the...

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AMEX:GDX Bull Flag Breakout, now AMEX:GDX target price around 34-35

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While the initial breakout is an important indicator, the key now is to wait for confirmation of this trend. Confirmation refers to additional signs or signals that reinforce the breakout's validity, suggesting it's not a false or temporary movement. After confirmation, investors and analysts often anticipate a pullback, a slight reversal or dip in the stock's...