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Logarthmic bullflag has an even larger breakout targetBrace yourself and fair warning this post is gonna get slightly more esoteric than some are comfortable with as it delves into numerology, so fair warning. I found it extremely interesting from a numerological standpoint when I saw @chartguy had predicted that this current xrp correction would ultimately find support on the .888 Fibonacci retracement level and as of now it appears it has. The number 38 as well as 888( aka 3 8s) has been coming up like crazy all the time for me this entire year, but then I also noticed it more than a few times specifically in reference to ripple and xrp. For example Ripple now has 38 billion xrp remaining locked in escrow. I found an iage during XRP’s 2016 pump of Brad on CNBC or fox business ot some channel like it and enxt to them they had put a graphic up on screen along side Brad Garlinghouse that said XRP had gone up 38,000% percent. Next fast forwarding back to a little earlierthis year, the last low xrp had put in as a bottom before finally slowly climbing back up to the blast off point was 38 cents. Because I had been seeing all these connections with 38 in regards to xrp and ripple but also in many other elements in my personal life, I bought some more xrp at 38 cents feeling like it would actually mark the most recent bottom and low and behold it did. Also the all time high for xrp on a few different exchanges is $3.80. Like I said above, another way to represent 38 is with 3 8’s aka (888). So on the lion’s gate portal this year 8/8/2024, 2024 numerologically reduces to 8 as well giving us the first time in quite awhile we have had 8/8/8 date like that, I was expecting something noteworthy to occur being that it’s a time that’s known for manifestation and abundance every year but with 3 8s instead of just the usual 8/8 it should be even more so, and sure enough ti was right on this weekend that Judge Torres issued her final judgement in the RIpple vs SEC case after 4 long years of waiting patiently for it to arrive. All this being said, when I then see that XRP corrected down exactly to the .888 Fibonacci level and is holding support there, if it does continue upwards from this level, it will simply be more confirmation and confluence to me that there is something significantly special and interrelated between xrp, and the numbers 38.88,888, 11, and 1111. I won’t go into the 11 significance too much in this idea as I’d prefer to focus on the 8s instead….so I’ll leave the numerology talk there for now and focus instead of the actual TA behind this logarithmic bullflag
BITSTAMP:XRPUSD
by DrDovetail
2
Is a Big Move Coming in Crude Oil?Crude oil has been limping for most of this year, and now some traders may see risk of a bigger drop. The first pattern on today’s chart is the relentless series of lower highs since September 2023. The trend lines along these peaks have dropped at steeper angles, which potentially reflects increased selling pressure. The second pattern is the series of slightly higher lows since September 2024. That may be viewed as a bearish flag. Third, consider the 50-, 100- and 200-day simple moving averages (SMAs). They swung earlier in the year, with the faster above the slower at times but that changed 2-3 months ago. They’re now in a clearer sequence, with the faster SMAs below the slower SMAs. All three are also falling. That could also indicate a longer-term downtrend has developed. Next is the support zone around 64.50 to 67.75. Prices bounced quickly from this range between March and June of 2023, but are now spending more time in the same area. That could suggest longer-term support is fading. Speaking of longer-term support, the second chart uses 2-week candles to compare the current environment with late 2014. Both saw long periods of sideways movement with lower highs. The earlier moment saw an accelerated downtrend once the weekly support level broke. Could a similar move be coming soon? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Please add the futures disclosure: Security futures are not suitable for all investors. To obtain a copy of the security futures risk disclosure statement visit www.TradeStation.com . Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYMEX:CL1!
by TradeStation
AMC Weekly Confirmed Breakout (NFA)Unprecedented Attendance: AMC Theatres has reported its highest attendance ever over the Thanksgiving holiday, with over 8.8 million moviegoers globally. This surge is indicative of a strong resurgence in movie theater attendance, particularly in the U.S., where AMC shattered records across several metrics including attendance, admissions revenue, and total revenue. This could signal a broader recovery in the theatrical exhibition industry, suggesting that consumers are eager to return to the cinematic experience, potentially leading to sustained or even increased footfall in future quarters. Blockbuster Success: The success of films like 'Moana 2', 'Wicked', and 'Gladiator II' during this period has demonstrated AMC's capability to capitalize on major releases. These movies not only attracted large audiences but also contributed to setting new box office records, which could be a precursor to a strong lineup of films in 2025 and beyond. This performance shows that AMC remains a go-to venue for blockbuster premieres, potentially ensuring a steady stream of revenue from high-grossing films. Market Sentiment and Stock Performance: The record-breaking weekend has led to optimistic discussions among investors, with some viewing it as a sign of AMC's robust market position. The positive sentiment might drive the stock price up if investors see this as a sign of recovery and growth. The narrative around AMC, especially with CEO Adam Aron's active promotion of the company's achievements, could further engage the retail investor base, known as "Apes," potentially fueling more investment into the stock. Operational Efficiency and Innovation: Under Adam Aron's leadership, AMC has shown a willingness to innovate, from introducing premium formats like Dolby Cinema to expanding food and beverage options. This operational strategy enhances the movie-going experience, making AMC a preferred choice over competitors or home viewing options. The company's focus on enhancing customer experience through unique offerings like special screenings or events can continue to draw crowds, providing a competitive edge in the industry. Financial Health and Debt Management: Although AMC has had challenges with debt, significant box office weekends like this one provide substantial cash flow, which can be used to manage or reduce debt obligations. The ability to generate such high revenue in a short span suggests that AMC could be on a path to improving its balance sheet, possibly leading to a more favorable debt-to-equity ratio over time. Cultural Impact and Brand Loyalty: The narrative around AMC's comeback, highlighted by CEO Adam Aron's active social media presence and engagement with fans, has created a cult following among investors and movie enthusiasts alike. This loyalty could translate into sustained attendance, even with less blockbuster-heavy periods, due to the goodwill and community Aron has cultivated. However, while these points form a strong bull thesis, it's important to acknowledge that stock performance can be influenced by broader market conditions, potential future dilution of shares, and the fundamental risks associated with the movie theater industry, such as the shift towards streaming services and fluctuating content availability due to strikes or other disruptions. Nonetheless, the recent Thanksgiving success provides a compelling argument for optimism regarding AMC's future.
NYSE:AMCLong
by FlyingWiener69
POV : BEL : Bharat Electronics LtdPOV : BEL : Bharat Electronics Ltd Chart Reading: 1. Took Support at Fib Level 0.5 2. Creating Pole and Flag kind of Pattern (which I try to demonstrate) 3. or You can say channel breakout 4. current session closed above previously formed double top 5. bounce back from 200 sma twice Concern: 1. after giving entry and reach to POA might retest 2. my volume expectation little more while breakout 3. during pullback phase should not go in to channel zone again. have to observer. For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #NiVYAMi
NSE:BELLong
by kzatakia
BTCUSD: Bullish Flag Breakout AheadBTCUSDT technical analysis update At the bottom, Bitcoin formed a falling wedge pattern over 240 days. After breaking out, the price surged by 75%. Following this rise, BTC entered a 220-day consolidation phase, forming a rectangular continuation pattern, which led to a 133% increase after its breakout. Currently, BTC has been forming a flag pattern for the last 220 days, and in the next 10-20 days, we could see a breakout, potentially signaling another strong bullish move. Regards Hexa
CRYPTO:BTCUSDLong
by HexaTrades
2
DOGE to $1? Breakout Confirms Bullish Momentum! COINBASE:DOGEUSDT has broken out of a classic ascending triangle, signaling a strong bullish move. With MARKETSCOM:BITCOIN smashing through $100K and reaching new all-time highs, CRYPTOCAP:DOGE could be next in line for a significant rally. The breakout positions CRYPTOCAP:DOGE to target the psychological $1 level, marking a potential new all-time high. Traders should monitor support at the breakout zone and keep a tight stop loss to manage risk effectively. Always remember, risk management is key in volatile markets! COINBASE:DOGEUSDT Currently trading at $0.45 Buy level: Above $0.44 Stop loss: Below $0.36 Target : $1 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
Descending channel from the 1 month chart timeframeI just posted a version of this channel on the 3 month chart timeframe, however looking at the month time frame I also found some bullish confluence to confirm this potential channel. A deeper correction now that we have retested the top trendline of this potential channel would not surprise me from here. I arbitrarily put the measured move lines for when we could break up from this channel around May 2024, simply because the halvening occurs in mid to late april so it seemed like a reasonable area to expect us to finally overcome this channel. We’re we to break up from the channel in that exact spot, the measured move for the channel breakout on its own looks like it would take us to 80k. If it was more than just a channel and also a valid bull flag the measured move I get for the bul flag appears to be slightly under 100k. On the 3 month chart the bull flag was slightly over 100k but that may also be because I placed the measured move line arbitrarily earlier than may as I have done for this 1 month chart representation. Will be interesting to see how this plays out. The silver lining here is that if this channel is valid and price is about to flip back to the down trend for a few it is simply another opportunity to accumulate for the upcoming liftoff which is likely to occur post halvening. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
A close above the top red trendline would be very bullishShown here on the weekly chart is the weekly bullflag bitcoin has been consolidating in ever since correcting from the all time high we hit earlier this year.. For the first time since then, we now have part of a daily candle body above the top eligible top trendline of the flag and may very well close the current daily candle above that trendline for the first time which would be a very bullish development. It will be even more bullish if we can also manage to close a weekly candle above it as well but we still have another 6 days before anything like that can occur. For now a daily candle close above is still good progress which we have about 40 minutes left before the current daily candle closes (not shown here). If we were to break up from the red bullflag at this exact spot on the chart, there is some excellent bullish confluence here as you can see the measured move breakout target from here would be the exact same target as the much larger Purple bull flag we broke upwards from back in February. Both have a target around 99k. So this would indeed be a great spot for such a breakout to occur. We can also see the weekly 50 moving average(in orange) is holding very strong bounce support and should help to prevent the price action from recentering the flag/channel in the coming months as it climbs higher. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Halliburton May Face ResistanceHalliburton has rallied since late October, but some traders may think it’s near a top. The first pattern on today’s chart is the June low of $32.60. The oil servicer consolidated below that level in August before accelerating downward. It’s now stalling around the same area, which may suggest that resistance is still in effect. Second, the series of higher lows over the past month could be viewed as a bearish flag. Third, stochastics are sliding from an overbought condition. Next, the 50-day simple moving average (SMA) is below the 100-day SMA. Both are under the 200-day SMA. That’s potentially consistent with a longer-term downtrend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:HAL
by TradeStation
Gold could drop under 2600 againFor most of last week, gold exhibited choppy price action. As outlined in my Thursday analysis: "Gold could recover Monday's losses in a choppy manner, forming a flag pattern with resistance around 2660." This prediction held true in the end and, after a brief spike above the resistance level, gold began its decline. At the time of writing, the price is trading at 2624, just above short-term support. Looking ahead, I anticipate this support level will break, paving the way for a drop toward 2590 and 2575- a level that aligns with the measured target of the flag pattern. My strategy remains to sell rallies, using last Friday's high as a key resistance point for positioning.
OANDA:XAUUSDShort
by Mihai_Iacob
5