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NVDA: Critical Inflection Point!The daily chart of NVDA shows a complex technical scenario, highlighted by the presence of a potential Head and Shoulders (H&S) pattern frustration point. The H&S pattern is a bearish reversal pattern, but the price action suggests that it may not have completed, leading to the current consolidation phase. This frustration point is marked by the resistance line at $128.12, which NVDA has struggled to break through consistently. The daily chart also shows a trendline support, which has been respected multiple times, providing a strong upward momentum. The 21-day EMA serves as an additional support level. The recent price action indicates a consolidation phase between $128 resistance and the trendline support, creating a tight trading range. Traders should watch for a breakout to determine the next significant move. On the weekly chart, NVDA has been in a strong uptrend, with the 21-week EMA providing support. The main support level is identified at $118.04, a crucial level that has been tested and held in recent weeks. This level coincides with the neckline of the potential H&S pattern seen on the daily chart, making it a critical support zone. In summary, NVDA is at a critical juncture with consolidation between key levels. Traders should monitor the $128 resistance and the main support levels closely for breakout or breakdown signals to determine the next major move. The overall trend remains bullish, but caution is warranted given the potential bearish H&S pattern and the current consolidation phase. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
Voltamp Transformers Limited - Breakout Setup, Move is ON...#VOLTAMP trading above Resistance of 13100 Next Resistance is at 16496 Support is at 9705 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:VOLTAMPLong
by MandeepSinghKohli
Ircon International Ltd - Breakout Setup, Move is ON...#IRCON trading above Resistance of 298 Next Resistance is at 423 Support is at 211 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:IRCONLong
by MandeepSinghKohli
6
Glenmark Pharmaceuticals Limited - Breakout Setup, Move is ON...#GLENMARK trading above Resistance of 1262 Next Resistance is at 1943 Support is at 970 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:GLENMARKLong
by MandeepSinghKohli
Dr. Reddy's Laboratories Limited - Breakout Setup, Move is ON...#DRREDDY trading above Resistance of 6474 Next Resistance is at 7803 Support is at 5786 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:DRREDDYLong
by MandeepSinghKohli
Zydus Lifesciences Ltd - Breakout Setup, Move is ON...#ZYDUSLIFE trading above Resistance of 1128 Next Resistance is at 1297 Support is at 919 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:ZYDUSLIFELong
by MandeepSinghKohli
Kirloskar Brothers Limited - Breakout Setup, Move is ON...#KIRLOSBROS trading above Resistance of 2587 Next Resistance is at 2997 Support is at 1786 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:KIRLOSBROSLong
by MandeepSinghKohli
Marksans Pharma Ltd - Breakout Setup, Move is ON...#MARKSANS trading above Resistance of 180 Next Resistance is at 212 Support is at 134 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MARKSANSLong
by MandeepSinghKohli
GOLD - one n only support, holding or not??#GOLD... a perfect move is going on according to our video analysis and as you can see market perfectly hold 2 times 2331 32 and dropped. and our last day supporting area 2321 is still valid guys don't take it easy, a triangle is also on table. keep close the tringle. TECHNICAL: 2321 is one of the most important on chart in hour and 4 hours chart. in yesterday market perfectly hold it and now again hat is your area, short only below that area with mentioned tp's good luck trade wisely
OANDA:XAUUSD
by AdilHussain731333
SPY: Beware of These Reversal Patterns!In the daily chart of the SPY, a potential double top pattern is forming, signaling a bearish reversal. The key resistance level for this pattern is around 550.12, where the price has failed to break through on two recent occasions, marked by red arrows. This level is critical for traders to watch as it represents a significant hurdle for any upward momentum. If SPY fails to close above this resistance, it might lead to a bearish breakdown towards the neckline support at 542.62. A break below this level would confirm the double top pattern, potentially leading to a further decline towards the next support around 533.07. On the weekly chart, a gravestone doji pattern has emerged, a strong bearish reversal signal, especially after a sustained uptrend. This pattern indicates that buyers were unable to maintain higher prices, leading to a close near the week's low. The gravestone doji, appearing near the resistance level around 550.12, reinforces the bearish outlook suggested by the daily double top pattern. If the bearish sentiment persists, the first significant support to monitor is the 21-week EMA, which has historically provided dynamic support during uptrends. Integrating the daily and weekly charts, SPY is at a crucial juncture. The double top pattern on the daily chart and the gravestone doji on the weekly chart both indicate potential bearish pressure. If you are bullish, a decisive close above 550.12 would invalidate the double top and suggest a continuation of the uptrend. However, the current technical indicators favor a bearish scenario, with the potential for a significant correction if key support levels are breached. For now, we should closely monitor these critical levels to gauge SPY's next move, balancing the bearish signals with the potential for bullish invalidation. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
AMEX:SPY
by Nathan_The_Finance_Hydra
3
TT Entry, Volume, Target, Stop Entry: with price above 338.09 Volume: with volume greater than 539k. The more volume the better. Target: 367.31 area. This is an area, you might consider existing early if price drops below a significant moving average such as the 10, 20, or 50 EMA. You might also considering holding some portion of the trade longer as price closes above significant moving averages. Stop: Depending on your risk tolerance; Based on an entry of 338.10, 328.36 gets you 2/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NYSE:TTLong
by tradepatiently
SMCI: Breakout Ahead?Daily Chart: On the daily chart, SMCI is forming an ascending triangle pattern, a bullish continuation signal. The price has been making higher lows, suggesting accumulating buying pressure. The resistance level around 972.44 is crucial. If the price breaks above this level, it could signal a continuation of the uptrend. However, if it fails to break through, it might revisit the lower boundary of the triangle or even the 21-day EMA, potentially testing investor sentiment and patience. Weekly Chart: In the weekly chart, the stock is exhibiting a flag pattern, typically a bullish continuation pattern formed after a strong upward move. The price has been consolidating between the 38.20% and 50.00% Fibonacci retracement levels, which often act as support during pullbacks. A breakout above the flag pattern's upper boundary could resume the prior uptrend, potentially reaching new highs. Conversely, if the price breaks below the lower boundary and the 50.00% retracement level, it could signify a deeper correction, possibly toward the 61.80% retracement level. Conclusion: Considering both time frames, SMCI is currently in a consolidation phase with bullish potential. The key levels to watch are the resistance at 972.44 on the daily chart and the boundaries of the flag pattern on the weekly chart. A break above these levels could confirm the continuation of the uptrend. However, caution is warranted if the stock fails to break these resistances, as it might signal a possible retracement or a period of further consolidation. Therefore, monitoring these levels closely will be crucial in anticipating the stock's next significant move. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:SMCI
by Nathan_The_Finance_Hydra
10
#CADCHF short term selling opportunityA short position would be considered if the price could break below the rising wedge pattern. A long position would be initiated if the price could break above the rising wedge pattern and closes above a VWAPs. The trading scenario with the line arrow has a higher possibility of occurring. Confirmations for the shorting scenario: Price below important dynamic resistance. Price creating a rising wedge pattern with a bearish intrinsic nature. bearish divergence between price and momentum oscillator. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Short
by mohemati
BTC - Continued Analysis - M-Pattern DANGERContinuing this analysis on the previous one; we see a double top form in the daily as well as the weekly timeframe after the price lost the 50 day moving averages. In the previous analyses, we looked at Elliot Wave theory and a potential new ATH price zone. However, there was one risk even at that point - the M-Pattern. This pattern is BEARISH and usually leads to quite a significant drop. The good news, though, is that this is all part of a healthy correction - as long as we hold THIS key zone identified inthe video, we are still well within a bullish market. Previous update here, where we first spoke about the potential risk of the M-Pattern: _____________________________ BINANCE:BTCUSDT
by CryptoCheck-
Cancellation of “Head-and-Shoulders” Pattern. Bears trapThe "Head-and-Shoulders" (H&S) pattern is considered a powerful trend reversal indicator. However, it can also become very costly for new traders. Yesterday, the S&P provided a great example of H&S cancellation. Traders who entered short on the break-out of the shoulders line (and Monday's low) incurred losses after the price returned to the previous day's range and rallied all the way up. Such scenarios happen more often than you might think. To avoid being caught in such traps, it is important to consider two things: 1. Higher Level Context : In this example, the H&S pattern formed on the hourly time frame. But if we zoom out, we'll see that on the weekly chart, the price is in a strong uptrend, currently making new historical highs. This is a very bullish context, with buyers having full control over the price. 2. Price Behavior on the Break-out : Upon confirmation of a reversal pattern, you should expect sellers to jump in and drive the price down as fast as possible. It is "abnormal" to see the price returning to the previous range and gaining acceptance. This is a trigger that something is not right. Some people will add volume analysis on the break-out, but I’m personally not a fan of it, especially for SPY.
AMEX:SPYEducation
by hermes_trisme