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Dollar Index (DXY): Bullish Trend Continuation Pattern I see a nice bullish pattern on an hourly time frame on Dollar Index. After the price set a new higher high, the market started a correctional movement within the expanding channel. Such a channel is called a bullish flag pattern. Bullish breakout of the resistance of the flag is a strong bullish trend-following signal that indicates the strength of the buyers. With a high probability, the market will keep growing. Next resistance - 106.25 ❤️Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
1
June 25: GS bull flag confirms strong growth?Current situation in the firm Goldman delivered a standout Q1 2024, with earnings per share (EPS) hitting $11.58, substantially above the consensus estimate by 35.6%. The firm's revenues for the quarter reached $14.21 billion, marking a 16.3% increase year-over-year. The company reached a record $2.8 trillion in assets under management (AUM) and a long-term net inflow of $24 billion. The segment performance for Q1 2024 (the below numbers are a summary from their recent earnings call): Global Banking & Markets: Revenues: $9.7 billion ROE: 18% on a fully allocated basis. Advisory Revenues: $1 billion, driven by higher completed transactions. Goldman Sachs maintained its number one position in both announced and completed M&A league tables. Equity Underwriting Revenues: $370 million, and Debt Underwriting Revenues: $699 million, both showing significant year-over-year increases due to higher industry volumes. FICC Net Revenues: $4.3 billion, with strong performance in mortgages, credit, and currencies. Record FICC financing revenues of $852 million, primarily from better results in repo. Equities Net Revenues: $3.3 billion, with equities intermediation revenues of $2 billion (up 14% year-over-year) and equities financing revenues of $1.3 billion. Asset & Wealth Management: Revenues: $3.8 billion, up 18% year-over-year. Management and Other Fees: $2.5 billion, a 7% year-over-year increase. Incentive Fees: $88 million, expected to reach $1 billion annually in the medium term, supported by $3.8 billion in unrecognized incentive fees. Private Banking and Lending Revenues: $682 million, significantly higher due to the prior year's impact of the partial sale of the Marcus loan portfolio. Equity and Debt Investments Revenues: $567 million, with improved performance in private portfolios. Platform Solutions: Revenues: $698 million. Pre-tax Net Loss: $117 million, with expectations to reach pre-tax breakeven next year. Key Financial Metrics Market Cap: $145.2 billion Dividend Yield: 2.4% P/E Ratio (TTM): 17.6 P/E Ratio (Forward 1 Year): 12.5 Earnings Per Share (EPS) Growth (2023): 59.2% Stock Price: $450.18 (June 2024) Target Price: $518 (6-12 months projection) Technical setup A bull flag pattern is forming with a bullish breakout, indicating the continuation of the trend upward. Since the local low, formed around the previous earnings the price saw a steep price trend to the upside, before taking a breather and forming the flag. The Price-to-sales ratio currently sits well below the average which is another bullish signal since the ratio tends to navigate towards its average. The Month-over-month returns have bottomed around the lower threshold and are ready for a bounce back. The Wallstreet ratings are predominantly strong buy, giving it a max target price of $525 or +13% up from the current price. Institutional ownership is rising according to the latest May fillings which is another positive catalyst for the price as it is generally good to follow the smart money. Overall, my short-term expectations are bullish, driven by the price forming of a bull flag, strong fundamentals and business outlook, and bullish catalysts driven by Wall Street consensus and the smart money flows.
NYSE:GSLong
by RickHardyPro
Gala (GALA)On the above 4-day chart price action has recently corrected 50% since a sell signal in late January (ask below if you wish to see). A number of reasons now exist to be long.. 1) You know why. 2) Price action finds support on the golden ratio. 3) There is a positive divergence between RSI and price action. 4) The bull flag channel, naturally a bullish pattern on confirmation of a breakout to the upper side of the channel. 5) A breakout confirmation will result in a 300% gain from current levels. Is it possible for price action to fall further? Sure. Is it probable? No. Ww Type: Trade Risk: <= 6% Timeframe to open: Now Return: 300%
Long
by without_worries
43
A 800% move to $6000 for Binance token (BNB) by September?On the above monthly chart of BNB token there is easily an hour of topic to discuss. However attention spans amongst the equity providers do not afford a detailed explanation so the short version.. 1) Price action is in a legacy uptrend channel since inception with a confirmation of uptrend continuation (unlike LTC). 2) Price action is at resistance after three years of consolidation. This is the third test of resistance. Blue pointing down arrows. 3) Just as with May 2020 prior to the break of resistance, Stochastic RSI previously crossed above 80. (orange arrows). This is the same situation as today. Stochastic RSI remains with momentum for 182 days. Should history repeat, momentum continues until August / September. 4) The bull flag pattern confirms a breakout AND support. A measured move from the flagpole of the last resistance breakout takes price action to $6000. Is it possible price action corrects? Sure. Is it probable? No. Ww Type: trade Risk: <=6% Timeframe for long: You decide Return: 800% over the next 16 weeks
by without_worries
15
BNB: analaysis in D1📊Analysis by AhmadArz: According to the flag pattern that we saw the best reactions in the past, we can expect the same analysis from the chart at this time.🧨 Just keep in mind that there is a 10% chance of a fake breakout on each side of this horizontal trend.🚨 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
by ahmadarz
#FET: LOW RISK, HIGH REWARD TRADE SETUP!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. FET looks good here in ltf. It breaks out the bull flag-like structure in 1hr time frame and a retest is also done. It might start another good rally from here. Long some here and add more in the dip. Entry range:- $1.54-$1.60 Target:- 20-25% SL:- $1.50 Lev:- 5x-10x What are your thoughts on FET's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
EURUSD: 2 Bearish Confirmations 🇪🇺🇺🇸 I see 2 strong bearish signals on EURUSD. After a formation of a strong bearish impulse, the pair started to steadily recover within a bearish flag pattern on a 4H. The price also formed the inside bar formation within the boundaries of the flag. Today, both the support of the flag and the range of the mother's bar were broken. It is a very strong technical confirmations. I think that the market may drop to 1.069 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
Nasdaq 100 to 20k This is a monthly chart. The trend line is the same trend line all the way back to the crash of1987. This monthly chart has just confirmed ‘support’. You read that right, a 36 year trend line has confirmed support, do you know how bullish this is? On tradingview.com the number of bearish ideas is easily over 80%, don't take my word it have a look and count. Do you know how many traders lose money in the markets? Around 90%. You see the pattern don’t you? Contrarians are in the minority by a whopping margin. The bull flag shown has now confirmed the breakout with 3 monthly candles. The target is readily identifiable following the confirmation of support. Is it possible we get a crash to single digits as the bears are calling for? Absolutely. Is it probable? No. Ww Type: trade Portfolio Risk: 20% Timeframe: now, don’t sit on your hands. Return: 70%
NASDAQ:NDXLong
by without_worries
12