TriumphOne

TriumphOne

Ethereum (ETH) Weekly Chart Analysis – Cup & Handle and Inverse Head & Shoulders Overview of Current Setup: Upon reviewing Ethereum’s weekly chart, a classic cup and handle formation is evident, with a confirmed breakout already in progress. The current price action suggests a potential backtest of the breakout zone, reinforcing the integrity of this pattern....

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looking for a possible bounce near jan 2023 avwap. 61.8% retracement of this downtrend could fetch 188

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QQQ’s daily chart shows a steep ascending wedge pattern, hinting at an uptrend with narrowing price ranges. A breakout might happen soon, possibly leading to a rebalance or consolidation before further gains. Keep an eye out for potential opportunities as the pattern unfolds.

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SOXX looks set for a breather after its run-up. Expecting an 8-10% dip within its range before it bounces back up. Keep an eye out for any range breakouts signaling a change in direction. Analysis: Catching Its Breath: • SOXX’s been on the rise; now, it’s due for a cooldown to balance things out. Brace for a Dip: • Predicting a 8-10% dip within the range. Could...

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Closing Price (Oct 6): QQQ closed at 364.70 Support: 362.70 358.58 - 357.50 347.36 - 346.07 Resistance: 366.21 368.91 - 369.71 371.72 - 372.85 Support: • Initial support at 362.70, aligning with the 38.2% retracement. • Subsequent support zone spans from 358.58 to 357.50. • Favorable risk-reward opportunity at the final support zone from...

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S&P 500 futures. There’s a downward channel inside this uptrend, meeting at around 4381. This might lead to a bounce up to 4461.

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AAPL’s chart is having a wild moment: a big channel from Oct 2021 broke free in May of this year, could this be the ultimate breakout and backtest!! Now, it’s dancing close to a gap at 167.04 and eyeing a possible gap fill at 158.49. Thoughts?!!

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Trade Idea: Potential long trade on SCHW (Charles Schwab). The stock is retracing to a channel trendline aligned with a gap filled today, possibly offering a favorable risk-to-reward setup. Target 1 around 64 could cater to a safer approach, while a more aggressive stance might aim for the 74.81 gap fill.

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TSLA’s one-day chart - we have solid upward trajectory this year with a consistent trend line. TSLA could be finding support at this trend line and has recently filled some gaps, including one today. I’m eyeing an entry around $210, aiming for a first profit target at $257.

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Observing the one-day chart of Exxon Mobil, I’ve spotted an upward trend highlighted in yellow. Recent price action shows strength, with a bounce just before the support level. And, we’re seeing a breakout from a smaller downward channel, followed by a return to test it. The stock closed a gap at 107.73, reinforcing its upward potential. With strong momentum and...

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Airbnb’s daily chart suggests a rapid decline with gaps above. Potential to touch channel trendline or gap fill at 116, possibly leading to a bounce. If gaps at 148 and 151 close, upside potential to 160s for profit target.

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Looking at SNOW (Snowflake Inc.) chart, that rising blue line suggests it’s on the upswing. If prices dip, I’m eyeing 151.50 as a likely support, where this line meets. On a bounce, first stop for potential gains could be 163.62 where the 1st gap above fills. After that, watch out for 175. There’s another gap before hitting new highs for the year at 185.12 which...

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MRK (Merck & Co., Inc.) has been consistently rising in a channel since 2022, even during the 2022 bear market. Consider entering near the channel’s bottom for a potential profit target around 118.39. A breakout could push it to 132 by year-end.

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After hitting a LOW in June 2022, the stock broke out in June this year. It appears to be retracing or possibly filling a gap at 204.74. I’m watching this zone for a potential rebound, with two gaps above as profit targets. A break above this year’s high at 230.721 could lead to a target of 250 by year-end. However, if support gives way, marked by an upward...

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CrowdStrike seems to have found a base in early 2023 and is now tracking a potential support trend. A potential rebound is expected near 137.87, aiming for an initial target at 157.04. Further gains could lead to targets at 177 and 190. A drop below 137.87 might suggest a move down to 120.

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FTNT (Fortinet, Inc.) has been performing well since November 2022, with a breakout in February 2023. Currently, it’s retesting the breakout level, which aligns with an upward trend line from November. There’s also a support area at 54.57 due to a daily gap . If FTNT holds its current level, it could target 74, in line with a gap above.

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Taking a look at LYFT, it seems like it’s following a channel that kicked off from the year’s low. This could be setting the stage for a potential gap fill around $16 over the next couple of months. If you’re considering getting in on this, remember to play it safe with a tight stop-loss!

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Breakout and Retest: LUV has broken out of a channel and subsequently retested near the 32.53 gap fill. This retest indicates a possible support level, suggesting that the stock might be gearing up for a rebound. Profit Targets: Based on my analysis, I’ve identified two profit targets. The first one lies at 34.82, and the second at 36.90. Notably, these levels...