i have drawn perious waves, to understand how the stock moved. plus the rectangle figure is the range for the breakouts. i have even put the moving averages for your analysis . (red one- 50MA, blue one - 100MA).
After forming a double top and confirming a reversal to the short side with a break out of the trendline. I'm looking for short positions after a close below Support plotted and retesting creating resistance. Let me know what you think constructive criticism welcome!
Yesterday we saw a rejection of our sell zone on EURUSD The downside move will be confirmed once we see a breakout below 1,0080. That's when our entries will be confirmed or that's when we can also add to our positions. A more aggressive entries could be made on another rejection of 1,0160 and after seeing some reversal candlesticks there. Stops should be...
Hello,Traders! EUR-JPY is going up now, and the pair Broke the key horizontal resistance level Which is now a support So I am bullish biased And I think that we are Likely to see local growth Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
We have been inside this green triangle since 1915. The downtrend line has been tested a few times and this is the first year it actually went past it and recently came down for a retest. Hard to feel like inflation has peaked also considering oil is still in an uptrend and the Fed couldn't have been more hawkish in the last Powell's speech, so we may be up for a...
✅EUR_JPY broke the key structure level While trading in an local uptrend Which makes me bullish And I think that after the retest of the broken level is complete A rebound and bullish continuation will follow LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Dicks Sporting Goods (DKS) is breaking out from a textbook cup with handle pattern. After nearly doubling in price between May and August, the stock stalled and formed a small pivot at the $115 resistance level. Relative strength has been climbing for several months - a sign that Dicks has been leading the surge higher and outperforming the rest of the...
We have a broken trendline and price is retesting the demand zone. I think it will go down more. The targets are displayed on the chart. Thanks for your attention.
Hi traders, CADJPY is setting up for a downside move watch price action and look for short invalidation point is mentioned GOOD LUCK.
Script: Adani Ports Nifty50 Stock : YES Sector : Ports PE Value : 43 Results : Results published on 8th Aug, Revenue 12% up but earning/profit was 30% down. Previous quarter result earnings was also 30% down which doesn't look good. Financials to be checked to understand their expenses/investments. ATH (all time high) - 925 Adani ports is looking...
This GBP/CAD 4-hour chart shows a descending triangle pattern that can be used to enter a rather short-term sell trade on a successful bearish breakout. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. The green line marks my take-profit level. I will set the stop-loss level to the triangle's highest...
*Move up more than 40% *Supported by ONLY MA10 * Waiting for pullback 2-4 days, then wait for a breakout after that.
Here we can see the formation of an inside bar. We can wait for the breakout and then can go for a trade. The stock Revathi Equipment has already moved around 10%. We should enter the trade only if there is an appropriate breakout of the inside bar. P.S.- Please feel free to correct me , I'm just a new trader sharing my views.
Hi traders, DXY is setting up for a downside move watch price action in a lower timeframe and look for short GOOD LUCK.
📊 Script: TECHM (TECH MAHINDRA LIMITED) 📊 Nifty50 Stock: YES 📊 Sectoral Index: NIFTY IT / NIFTY 500 📊 Sector: Information Technology 📊 Industry: Computers - Software & Consulting Daily timeframe Trendline + Descending Triangle Breakout. Weekly timeframe Trendline + Descending Triangle Breakout. Key highlights: 💡⚡ 📈 Script is trading at middle...
This week, we're looking for more opportunities to short the EURUSD. A good entry moment would be if price reaches the levels around 1,0145-1,0213. Another way would be to see a breakout of the trendline and the previous low at 1,0030. In both scenarios we will be looking for targets at or below the lows around 0,9880! We do not consider any long positions!
Hello traders! Welcome back to another episode with Analyst Aadil1000x. There is a strong bearish signal in OMG and we are selling it now. This short signal will make OMG drop at least 10%. So our first target is at 6%, take some profit there and move stoploss at entry. Stoploss 2.031(-4.3%) Target 1 is 1.832(+6%) Target 1.714 (+12%)