Get started

Chartpatterntrading

SQ: Watch out for these KEY POINTS!• SQ is doing an important reaction that could sustain a bullish thesis, however, there are some key points we must pay attention; • First, it must break the red line at $64.26, as this would trigger a bullish pivot point in the daily chart and frustrate the Double Top chart pattern in the 1h chart; • In this scenario, SQ could seek the $69 again; • However, if it triggers this Double Top, the next support is at $60.48 again. This is a support from a previous gap, as seen in the daily chart (Nov 10); • Only if SQ loses the $60.48 it would trigger a mid-term bear trend, and the next supports are $57.09 and $55.10 (another gap); • Either way, SQ is looking good. Remember to follow me to keep in touch with my analyses!
NYSE:SQ
by Nathan_The_Finance_Hydra
1
HLBZ $ Alert Squeezecurrent premarket price is just at the breakout zone , if we opened the market still holding above the 0l27$, is means the price will go first towards: 1PT:0.31$ 2 PT:0.41$ ,if we opened below the 0.27$, is means we going to test the level above 0.2357$ support , if we held it and bounced is means the price will retest the breakout zone around the 0.27 and break it this time . we need to pay extra attention if we broke the support and the bottom above the 0.20$ cause that will be huge signal for a sell off and short seller's coming heavily for stock.
HLong
by TRADING-JESUS
Chart Pattern Review | Diamond Top / Bottom ReversalDIAMOND TOP / BOTTOM: > A trend reversal pattern indicating the end of up or downward trend - slightly off head & shoulders pattern > Price increased and declined sharply with significant volume forming a diamond shape > A mix of expanding and contracting triangle or wedge, often confused with a more popular head & shoulders > Timing could range from days to months Key characteristics: > The price should trending downward then forming a broadening pattern. > The price pattern increased and decreased sharply before squeezed for rebound > Timing ranging from days-weeks-or months - a strong long-term reversal pattern > Most trends will begin with a breakout gap and be followed by several runaway gaps. Trading Tips: > Price range determines the target reversal > TP1 @ the size of the diamond extending the breakout or breakdown distance. > TP2 can be targeted between 1.0 / 1.618 fibonanci retracement. > TP3 @ key moving average support / resistance within extended range. > Putting the chart together with a price oscillator like VWAP / CVD for a better early breakout or breakdown catch. > Price oscillator can monitor the overall likelihood of a high probability trade and confirming strength/momentum as well as spotting false breakout/breakdown trades. Always trade with affordable risk and respect your stoploss, nothing 100% Good Luck!
SET:ADVANCEducation
by dukeposh
XAUUSD, SHORTThe gold pullback to the broken bottom is complete and is descending towards the target range. By observing the capital and risk management, it is possible to re-enter shorts or take a new position. Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
OANDA:XAUUSDShort
by Hamiratrading
Bullish Pennant on EUR/USD @ D1This chart shows a bullish pennant on the daily chart of the EUR/USD currency pair. It provides a bullish breakout opportunity. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (1.02706), it is placed at the low of the pennant area. My potential take-profit level is marked with the green line (1.08170), it is placed at the pole's length above the SL. I will wait for the price to close significantly above the upper border of the pennant area to execute a buy trade here.
Long
by AndriyMoraru
1
Bearish Pennant on USD/JPY @ D1This bearish pennant pattern has formed on the daily USD/JPY chart as a longer-term downtrend seems to have started. The pole and the pennant borders are shown with the yellow lines. The stop-loss level (the red line at 140.793) is set to the highest point of the pennant area. The take-profit level (the green line at 132.667) is set to the pole's length subtracted from the stop-loss level. I will open this position only if the currency pair closes significantly below the pennant's lower border.
Short
by AndriyMoraru
1
Ascending Triangle on EUR/CAD @ H4The 4-hour chart of the EUR/CAD currency pair is showing a classic occurrence of the ascending triangle pattern. It can now be used for a bullish breakout setup. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line. My potential take-profit level is marked with the green line. The stop-loss is to be set to the triangle's lowest point at 1.36866 (the red line). I will ignore downside breakouts from this uptrend continuation pattern.
Long
by AndriyMoraru
NIO: Trading in a Critical Support Level! What to expect next?• NIO is in a critical key point right now, around the support level of a Bearish Flag chart pattern; • Since last week, NIO has been dropping while the volume was low, a sign of weakness; • If NIO triggers this bearish flag, it’ll resume the bear trend and the next technical support for it would be the purple trend line in the weekly chart, below the $8; • In order to avoid such bearish scenario, NIO must react as soon as possible, and do a bullish sign above its support in the daily chart; • Only if NIO breaks this Flag Pattern upwards I see it reversing the bear trend; • For now, let’s pay attention to these lines. NIO was a great stock to trade a few weeks ago, but for now, I’m cautious and I would wait for a clear sign before assuming anything, Remember to follow me to keep in touch with my analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
1
Allcargo Logistics analysisALLCARGO LOGISTICS 9EMA - 454.95 20EMA - 438.80 50EMA - 409.60 100EMA - 379.3 200EMA - 344.2 Good ROE(Last 5yrs) - 14%+ EPS has grown from a range of 6 to 42(current) Strong cash flow Strong ROCE(26) over the past 5yrs(15) Improved Book value(148cr) compared to 5yrs back(80cr) Zero pledged percentage Recently created a new 52nd week high Stock P/E(11) vs Industry P/E(25) This Stocks benefits from lower Crude Oil prices An undervalued stock which has great potential to grow Technically Strong Stock RSI showing strength Continuation of good volumes for this stock could end up with a new HIGH Recommended for a buy at CMP or on dips for a target of 490+ with a stop loss of below 455
NSE:ALLCARGOLong
by ruelfernandes
TSLA: We nailed the TOP! Is there a BOTTOM now?• We nailed the previous top on TSLA, thanks to the dual-confirmation of the Bearish Flag (1h) + Resistance at $198 (D). The link to my previous analysis on TSLA is below this post, as usual; • Now TSLA just hit its technical support at $177, as expected. There’s not a single bullish reaction on it yet, but if we see one, the timing would be perfect; • By losing the support at the red line, TSLA would just resume the bearish sentiment, and the next target would be something around $150 - $130; • The volume is very low, and TSLA is just very weak at the moment. What if it reacts and triggers a reversal? The $198 would be the next target, as this is our main resistance to break in the short-term. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
OXY: Trend Analysis + Key Points to watch from here!• Since OXY found a top around $76 (red line), it triggered a sharp correction to its Fibonacci’s Retracements; • There’s still a chance OXY will remain bullish, and break the previous top, however, it must react as soon as possible around the retracements; • The key point seems to be the 61.8%, which did a very good job holding the price a few days ago (Nov 09), when the volatility increased; • Only if OXY loses the 61.8% it’ll frustrate any possible bullish bias in the mid-term, and it would seek the next support at $62; • In addition, the 61.8% retracement is the trigger point of a possible Double Top chart pattern; • Therefore, let’s pay attention on how OXY will react around the retracements. Remember to follow me to keep in touch with my analyses!
NYSE:OXY
by Nathan_The_Finance_Hydra
1
GBPUSD > The Perfect Setup for A Buy Entry!!Analysis of #GBPUSD Hi traders, today we will have a look at #GBPUSD the GBPUSD is in this beautiful wedge pattern as you can see on my chart, the market tested its trendline resistance and now started a move down, if you check y previous ideas on the GBPUSD where I explain why I expect the pound to move lower. now, there is a very good support zone that coincides with trendline support near the 1.165-1.1600 key market level. if the market drops to my key market support level I will drop a one-time frame looking for a bullish reaction to get in a buy trade with good reward to risk if the rules are met. I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Long
by TheTradersAvenue
22
AAPL: A TOP sign? What's next on it?• Since our previous post, AAPL did everything it should do, as we expected, filling our last gap, and it hit our key resistance at $152 before doing a top sign yesterday (the link to my previous analysis is below this post, as usual); • Now, this might indicate a correction, and in this scenario, the Fibonacci’s Retracements are the next support levels to work with; • Although there’s no clear buy sign right now, any bullish reaction near a key support could be a buy opportunity, with a good Risk/Reward ratio; • It seems the only thing AAPL has to do in order to correct is to trigger the H&S chart pattern in the 1h chart; • In addition, the volume is low in the past couple of days, another weakness sign; • Therefore, I would pay close attention to the retracements from now on, especially if AAPL triggers a bearish pattern in the 1h chart, as there’s a good chance one of them will work as support next. Remember to follow me to keep in touch with my analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
1
TSLA: Another BULLSEYE! What to expect next?• Since our last analysis, TSLA hit our target around $179 with an astonishing precision, and now it seems it wants to bounce again (the link to my previous analysis is below this post, as usual); • In the 1h chart, it seems TSLA is in a bull trend, as it is doing higher highs/lows, and it triggered an IH&S chart pattern as well. However, I noticed recently that it might be trapped in an Ascending Channel, which could become a Bearish Flag; • In order to avoid a bearish scenario, TSLA must react as soon as possible, and break the $198.55. As seen in the daily chart, this key point was a previous support, which is working as a resistance now; • In addition, if it triggers the bearish flag by losing the support at the purple trend line, it will frustrate any bullish thesis; • Therefore, the key points to watch are the purple trend lines and the $198 area. The next movement will probably be dictated by the breakout of one of these two lines. Remember to follow me to keep in touch with my analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
1
Ascending Triangle on USD/JPY @ D1The daily chart of the USD/JPY currency pair has consolidated in the form of an ascending triangle following a long-term uptrend. It can now be used for a bullish breakout setup. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line. My potential take-profit level is marked with the green line. The stop-loss is to be set to the triangle's lowest point at 138.265. I will ignore bearish breakouts from this trend continuation pattern.
Long
by AndriyMoraru
1
Bitcoin Bullish Perspective Analysiscurrently, we are seeing the bitcoin price breakout, and respecting the falling wedge pattern, the support trendline held the price nicely with bullish divergence on MACD as additional evidence for a reversal signal. personally, I only conclude that bitcoin in a bullish phase when it's successfully breakout the 22500 resistance level. good luck! **Disclaimer** the content of this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in the comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX