LuccasChartRoom

LuccasChartRoom

Disclaimer: Please note that this analysis is for educational purposes and is not a recommendation to buy or sell. I'm sharing a technical perspective based on chart patterns. Before making any investment decisions, it's always good to do your own analysis. Looking at the daily chart of NASDAQ:NVDA , we can see that the stock is about to break out of a ...

LuccasChartRoom

D isclaimer: This analysis is for educational purposes and does not constitute a buy or sell recommendation. The goal is to share a technical perspective based on classic technical analysis concepts for traders and investors. Always make investment decisions with caution, taking into account your own analysis and risk tolerance. I’ve noticed that NYSE:NKE is...

LuccasChartRoom

Disclaimer: This analysis is not a buy recommendation, nor a guarantee that the price will reach the mentioned targets. The goal is to share a technical perspective to provide useful information for traders and investors. In technical analysis, there are no absolute certainties, only scenarios based on historical patterns. The weekly chart of NASDAQ:TSLA is...

LuccasChartRoom

Disclaimer: First and foremost, it's important to clarify that this analysis is not a buy recommendation, nor was it made with the expectation that prices will definitely reach this target. The goal here is to share a technical perspective and offer another piece of information for traders and investors to consider. In technical analysis, especially in the...

LuccasChartRoom

⚡ 12 wins in 13 trades on the weekly chart! That's right, I'm talking about a strategy that exploits the breakout of the previous weekly candle's extremes with impressive precision. The logic is simple but powerful: I identify the trend direction with an objective approach, enter the trade after the breakout in favor of the trend, and aim for a 1% price move...

LuccasChartRoom

By analyzing 150 weeks of OHLC data from the NASDAQ:QQQ , two important patterns emerge for traders operating in shorter timeframes (15 minutes, 1 hour, 4 hours). The behavior of the previous week's candle provides valuable insights that can help traders better align their strategies with the broader market direction, avoiding premature trades and capitalizing on...

LuccasChartRoom

Hey everyone! I want to share a trade idea I'm testing on the SPY ETF. Based on weekly data since 2000, I've noticed the following pattern: if last week's closing price is higher than the week before and the candle's body (the difference between the opening and closing prices) is larger than usual, there's a 90% chance that the next closing price will be above...

LuccasChartRoom

I took a look at the weekly charts of AMEX:SPY to see what we might expect this week. I have some expectations based on statistics that might help you understand what could happen. Normally, the lows of a week are higher than the lows of the previous week 57.39% of the time. But these chances increase significantly in certain situations, and those conditions...

LuccasChartRoom

🔍 Research Data: Analysis Period: 12/31/1999 to 08/02/2024 Target Asset: ETF SPY Time Frame: 1 Week Total Candles: 1284 Candles with Gaps: 241 Percentage of Gaps: 18.77% However, only 33 of these gaps, or 13.69% of the gaps, remained by the end of the week. What is a Gap? Gaps are spaces on the chart where no trading occurred. They form when the opening of a...

LuccasChartRoom Updated 

Hello traders! Today I would like to share with you a trade that I am about to embark on. As part of my investment approach, I have decided to risk 1% of my portfolio on an opportunity I have identified in ENAGAS, a stock that shows signs of reversal for a possible longer-term uptrend. Approaching the Weekly Close Just minutes before this week's close, I am...

LuccasChartRoom Updated 

The daily chart of NASDAQ:AMZN shows a well-defined long-term uptrend channel and ascending wedge in the short term. Two possible scenarios: Breakout upwards: If the wedge breaks upwards, the long-term uptrend continues, targeting the return line of the channel. Despite the uptrend already being mature, this would cancel out the signs of weakness, and the...

LuccasChartRoom Updated 

Currently, the SPY ETF shows an upward trend in both the long and short term, without clear signs of weakness. The current short-term trend leg seems strong enough to reach higher targets, especially due to the lack of significant resistances, except for round numbers that act as psychological barriers. However, we must consider the maturity of this trend....

LuccasChartRoom

In the books, it is written that symmetrical triangles are formed because of uncertainty. The market is forming an opinion about the direction of the asset. Moreover, it is said that symmetrical triangles have a higher probability of being a continuation pattern. If we apply those learnings to PSX, we have the following analysis: After an uptrend in prices,...

LuccasChartRoom Updated 

We've reached the support zone. Now the battle begins. Will the buyers have more strength, or is the breakdown certain? If the buyers win, the target is the upper band of the wedge. If sellers win, the reference regarding wedge breakdowns suggests that the next move will be fast and strong towards the initial zone of the wedge.

LuccasChartRoom Updated 

Simple analysis: If the ascending triangle is broken, with everything being normal, the price could reach the target.

LuccasChartRoom Updated 

We have breakouts of two chart patterns happening simultaneously. A secondary rectangle and a descending primary triangle. Furthermore, the breakout of this rectangle highlights a very nice primary reversal pivot. This could indicate that a longer uptrend could be on the horizon. If this is true, it is possible that at least proportional movement of the primary...

LuccasChartRoom Updated 

The current secondary downtrend has already shown signs of reversal with the latest correction leg breaking the previous top. If prices stop at the purple rectangle (33-66% reaction) and break the previous top we will have a confirmed reversal pivot. With this, the possibility of a new primary uptrend leg arises.

LuccasChartRoom Updated 

The 134.07 break suggests further bullish movement from the secondary trend. Proportional resistances can appear around 142 and 144. Attention, if the breakout of 128.04 happens before, this idea is no longer valid.