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Breakoutsignal

Inverted Head & Shoulders, Cup & Handle, Bull Flag GME DailyHey, everyone. It's that time again for the latest market update on GME. The charts are buzzing with activity, and we have some exciting developments to share. Currently, we are trading within a substantial Bull Pennant on both the 15-minute and 1-hour charts. This indicates strong consolidation and potential for a significant move upwards. Additionally, we have a Bull Flag on the 4-hour chart, adding to the bullish sentiment. On the daily timeframe, we've formed an impressive Cup & Handle, an Inverse Head & Shoulders, and a Bull Flag for the handle of the cup. These patterns are powerful indicators of potential upward momentum. But that's not all! We are also in the midst of a significant Golden Cross on both the daily and weekly charts. This crossover of moving averages is a strong bullish signal, suggesting that we could be on the verge of a major uptrend. Here’s a detailed technical breakdown: 15-minute chart: Bull Pennant 1-hour chart: Bull Pennant 4-hour chart: Bull Flag Daily chart: Cup & Handle , Inverse Head & Shoulders , and Bull Flag Weekly chart: Bull Flag & Golden Cross For those who are new to these updates, it's worth noting the historical context: The last time GME had a Golden Cross on the weekly chart was back in January 2021. Following that, GME saw an incredible 12,000% run over just 183 trading days. With the return of the Kitty and all systems go across all timeframes, the stage is set for a potentially explosive movement. Stay tuned and be ready for what promises to be an exhilarating ride.
NYSE:GMELong
by impossiblebull
DCAL - READY TO SOAR - A buy on DIP stockAGAINNNNNN.... with a big OPPORTUNITY in DISHMAN CARBOGEN AMCIS LTD🚀🚀 This stock has completed its correction and it's now ready to move towards north. let see how? Technical view- a simple understanding for beginners * The stock has given a breakout with good intensity of volume . * The price changed its structure from lower low to higher high * Stock price is challenging Upper Bollinger Band * RSI ( a strength indicator) is above 60 in Daily Time Frame which indicates strong momentum Understanding Waves Key Elliott Wave Principles: 1. Five-Wave Impulse Pattern : The primary trend unfolds in five waves (1-2-3-4-5). Waves 1, 3, and 5 move in the direction of the trend, while waves 2 and 4 are corrective. 2. Three-Wave Corrective Pattern: After a five-wave sequence, a correction typically follows, consisting of three waves (A-B-C) that move against the primary trend. 3. Wave Relationships: Fibonacci ratios play a crucial role in Elliott Wave analysis, often governing the length of the waves. 4. Wave Characteristics: Each wave has its own set of characteristics. For example, Wave 3 is usually the most powerful, showing the strongest price movement, while Wave 5 may signal the final push before a significant correction. Current Elliott Wave Analysis on DCAL - The stock is currently in bigger IMPULSE Wave in which it has completed wave 1 and wave 2 (correction) now it is in the bigger and the strongest wave 3 Targets - generally the targets of wave 3 goes up to 1.618 levels with TREND FIB from wave 1 to wave 2 * In this stock, the targets as per wave theory is around 425.70 * Intermediate targets as per technical view are 247-290-375-425.70 Invalidation / stoploss - invalidation of the up-move is 80 Trade Plan- * one can add at current levels and again if it comes down you will get an opportunity to add more till 150-140 * Invest keeping in mind for short to long term view, not for speculation. THANK YOU KARANN DINGRA
NSE:DCALLong
by KARANN_DINGRA
2
Reading a chart is not a very difficult art. Today we will try to understand how to read the charts how to make assumptions based on the same. First thing that one must understand that it is not a rocket science. One has to be creative, attentive and a sort of meditative. Albert Einstein once said that "it is not that I am smart but I stay with the questions much longer". For reading the chart one must ask questions to the chart and observe the answers by reading between the lines and understanding the patterns. Everything has patterns. Even time is not linear even as per Vedas the time is cyclical. That's why we have God (Generator, Operator and Destroyer). If time is cyclical the cycle is a pattern. We say that history repeats itself. Stock market legend Jesse Livermore once said "All through time, people have basically acted and reacted the same way in the market as a result of greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis. Patterns repeat because human nature hasn’t changed for thousands of years” If you want to know more about Jesse Live more you can watch the movies like The American Clock, The day the bubble burst or The bucket Boy. Thus by asking the question to the chart and by observing the chart and searching fo the answers by noticing the patterns, historic layouts, supports, resistances and applying certain amount of basic maths and common sense one can come to know about the risk is to reward ratio in buying a stock or a derivative. 'Breakout' or Breakout level is what we are searching for. The coveted breakout may happen or it may not even after calculations and chart study and fundamental analysis. So if break out fails you must have a stop loss to protect your capital. If breakout actually happens you let your money work and reap the benefit. After having understood this basic concept let us try to analyse the chart of IDBI Bank for the purpose of education. I will mention below my observations of the same. The purpose of this analysis is educational and one must not treat it as a buy or sell call. The First thing that I observe here is that the stock is moving in a particular parallel channel. Many of the stocks do move in channels. There are different kind of channels and this one is a parallel channel. In a parallel channel channel top works as a resistance, Channel bottom works as a support and mid channel might work as a support if stock price is above it. The same mid channel will work as a resistance if the stock price is below it. Thus we get a Long term target 120 which can be the channel top. We get a long term support 75 which can be the channel bottom. The point to note is that 75 level has been supporting this stock since March 24. The stock has bounced from there many a times as indicated in the chart. In this particular case mid channel will work like a resistance. The real breakout might happen after we get a closing above it at the levels of 91.6. CMP of the stock is 85.12 but before we reach 91.6. There is a scope of trend line breakout if the stock closes above 87.6. Thus 91.6 is my first target. The closing above 91.6 can also be treated as a compounding point for stock's further journey. You can also think of takin partial entries at 87.6 and 91.6. If I am a Short term trader, I can even trade the stock for the target of 91.6. After closing above 91.6 further targets can be 96, 99, 101, 105, 107 and finally 120. Partial profit booking can also be done at these various levels. Trailing stop loss can also be increased step by step as the stock moves northwards. You can never be overconfident in your analysis. Stock market is a graveyard of lot of over confident people. The design of stock market is such that it transfers money from the impatient to the patient. Thus you need a stop loss in case your break out fails. In this particular case I can keep my stop loss at either at a closing below 83 as there are Mother and Father lines (50 and 200 days EMA) at this point. To know more about stuff like parallel channel, Mother Father and Small child theory and much more interesting ways to make your money work through Techno-Funda investing. You can read my book The Happy Candles Way to wealth creation. The book is available on Amazon in (Paperback) and Kindle version (E-Version). The book has potential to become your handbook or an investment guide. If I am little bit more risk taking person I will keep the stop loss at closing below 75 in this case as 75 has historically provided a great support to the stock. Additionally now it has also become more powerful by becoming a channel bottom support (Importance of channel bottom support is discussed earlier in the article). A person who looks at the risk reward ratio can see that down side risk is Rs.2 or Rs.10 considering my risk taking ability and upside potential is around Rs 35. If you consider 120 as a channel top. So incase I keep my stop loss at 75 and my long term target at 120 my risk reward ratio can be 1:3.5. In case if I keep my target at 99 and my stop loss at 83 my risk reward ratio is 1:7 or so. So the risk reward ratio is a dynamic number which will keep changing depending on your target and risk taking ability. You need to calculate it personally. There can not be a universal risk reward ratio. As different people will keep different targets and different stop losses. Once you have determined your target and stop loss adhere to it strictly. In case of stop loss you have to be particularly strict. In case of target you can let the stock fly even higher than your target but you have to adhere to a trailing stop loss strictly. My book about which I have a description earlier talks at depth about stop loss and trailing stop loss. I sincerely hope that this write-up will help you in reading the charts, understanding the importance of charts and becoming a better investor. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:IDBILong
by Happy_Candles_Investment
ARKK potential Breakout to 66 - 70s before new year !After an impressive climb, ARKK’s price has paused near $56.21, forming a classic bull flag pattern. This is a textbook signal: a strong initial rally followed by sideways consolidation, often hinting at continuation in the direction of the previous trend. The trendlines reveal the ETF is compressing, building energy like a coiled spring. The moving averages are lined up perfectly for bulls. The short-term yellow moving average is trending well above the long-term blue one, confirming the strength of the upward momentum. This tells us the battle-tested bulls are still in control, with the bears retreating to lower ground. The RSI is sitting at 70.14, signaling strength. While some might see it as "overbought," seasoned traders know this is where momentum players thrive. The ETF’s ability to hold this level without significant pullbacks shows strong buying interest from institutions and retail traders alike. It’s like a crowd gathering behind the archer, ready to release the bowstring. The MACD histogram is glowing green, reinforcing the narrative that buyers are still active. As the histogram bars hold steady, there’s no sign yet of the bears staging a comeback. At this point, ARKK is testing the $58.38 resistance level, a successful breakout could launch ARKK toward its next resistance levels at $61.85 and $67.20, offering a significant upside for traders who act decisively. Target Levels: First target: $61.85 Second target: $67.20 Stop-Loss: Place a stop-loss just below $52.32 , the key support zone, to protect against sudden reversals. As an options trader, I’ve entered the following positions: ARKK December 20, 2024, $70 call at a premium of $0.12 (open). ARKK December 20, 2024, $66 call at a premium of $0.24 (open).
AMEX:ARKKLong
by EssieQuantumTrader
Russell 2000 Small Caps (IWM) Breakout cup and handle on RUTRussell 2000 Small Caps TVC:RUT and AMEX:IWM on the Cusp of a Breakout? The Russell 2000 small-cap index, tracked by the iShares Russell 2000 ETF (IWM), is forming a cup and handle pattern. This technical formation could be indicative of a significant breakout. Key Levels to Watch: Resistance: $230-$232 Support: $220-$222 A decisive close above $234 confirmed the breakout, potentially leading to further upside. Conversely, a failure to hold above $220 could negate the pattern. Keep a close eye on IWM as it navigates this critical juncture.
AMEX:IWMLong
by Paul_Hodls
Potential Cup and Handle Pattern on PTLO (Portillo's Inc.)Potential Cup and Handle Pattern on NASDAQ:PTLO ( Portillo's Inc. ) I've been analyzing the chart of PTLO (Portillo's Inc.) and I may have identified a cup and handle pattern. Using the latest data available up to November 29, 2024, here's my analysis: Chart Analysis: The cup and handle pattern is a bullish reversal pattern that can indicate a potential upside move. Here are the key points I've observed on the PTLO chart: The cup: The stock price has been forming a rounded bottom, or "cup," since Nov 15th. This is a sign of a potential reversal. The handle: The stock price has been consolidating in a smaller range, forming a "handle" since Nov 25th This is a sign of a potential breakout. Stock closed above the 20 day and is approaching the 200 day sma While this analysis is promising, it's essential to remember that technical analysis is not a foolproof method. It's crucial to combine this analysis with fundamental analysis and other forms of research before making any investment decisions. Next Steps: I'll be keeping a close eye on PTLO's stock price and will provide updates if new developments arise. Targeting $12.50. Disclaimer: This post is for informational purposes only and should not be considered as investment advice. Always do your own research and consult with a financial advisor before making any investment decisions.
NASDAQ:PTLOLong
by Paul_Hodls
BITCOIN: 100K To 90s? Bitcoin recently reached impressive new highs, but the market has now corrected, presenting a unique opportunity for traders. This pullback is a signal for savvy investors to re-enter at a lower level before the next upward momentum takes off. The current price levels offer a strategic entry point to capitalize on Bitcoin's long-term potential. Whether you’re looking to start small or go big, this is the perfect time to buy and position yourself for future gains. Trade easily, act decisively, and seize the moment before the next surge begins..
BITSTAMP:BTCUSD
by SadarExplore
Trade Analysis: Long #DOGSUSDT Overview BINANCE:DOGSUSDT.P is currently showing promising signs of upward movement, supported by increasing buyer volumes and favorable order flow. With its low correlation to Bitcoin, it stands as an active instrument in the current market. Setup Details Entry Point: $0.0007765 Stop Loss: $0.0007172 Take Profits: TP1: $0.0008245 TP2: $0.0008795 TP3: $0.0009573 Technical Background A cascade of liquidity levels above the current price will serve as fuel for a bullish breakout. A false breakout from the channel reflects seller weakness, confirming a bullish bias. Execution Strategy Anticipate a price squeeze toward the level, followed by local consolidation on lower timeframes (e.g., 5-minute). Enter on breakout confirmation and place a stop-loss behind the range to minimize risk. Key Takeaways This trade is set up for a short-term breakout, with risk parameters clearly defined. Always ensure proper risk management before entering any position.
Long
by Max_Pr0fit
2
PAIN REFORM Breakout Trade in Action!PAIN REFORM Trade Details: A breakout in Pain Reform on the daily timeframe offers a promising long trade setup using the Risological swing trading indicator . Entry levels have been clearly identified, and the stock shows strong bullish momentum as it heads towards its profit targets. Key Levels: Entry: 1.32 Stop Loss (SL): 0.88 Take Profit Targets: TP1: 1.88 TP2: 2.77 TP3: 3.66 TP4: 4.21 PAIN REFORM Analysis: The chart signals a strong trend reversal, with the breakout confirming bullish sentiment. The risk-to-reward ratio appears favorable for this trade setup, and the stock is poised for further gains as it moves towards higher targets. Outlook: Monitor closely for momentum follow-through. With a robust breakout, the targets look achievable given sustained market interest and volume spikes. Stay disciplined with stops to lock in profits!
NASDAQ:PRFXLong
by ProfitsNinja
CCJ cup & handle Breakout to 65 & 70+Cameco Corporation (CCJ) is currently displaying a classic cup and handle pattern, a bullish continuation signal. Here’s a breakdown of the pattern and what to watch for: Cup and Handle Breakdown: The Cup: A rounded base formed between April 2024 and October 2024, with the left and right peaks near $58.72 and a low around $46.76.This symmetrical cup formation indicates accumulation after a downtrend, with buyers gradually gaining strength. The Handle: After testing the $58.72 resistance level, the stock pulled back slightly to form a handle, consolidating around $55.66. Handles are characterized by lower highs and decreasing volume, setting the stage for a breakout. Volume: Volume has declined during the handle formation, a textbook signal of the pattern. Look for a volume spike to confirm the breakout. Breakout Level (Rim of the Cup): $58.72 Projected Target: Add the cup depth to the breakout level: $58.72 + $11.96 = $70.68 Profit Targets: First Target: $65.00 Second Target: $70.68 Bearish Contingency: If the price breaks below $55.66 , the pattern is invalidated, and CCJ may test lower levels.
NYSE:CCJLong
by EssieQuantumTrader
AUD/CAD Bearish Sentiment: 0.9240 Key Support Under PressureAUD/CAD remains in a bearish trend, with 0.9240 as a key support level, repeatedly tested and holding strong. The bearish sentiment is driven by contrasting central bank approaches: the Reserve Bank of Australia’s dovish stance aims to support economic recovery, while the Bank of Canada signals potential rate hikes amid stronger economic growth and rising inflation. This divergence in monetary policy strengthens CAD relative to AUD, reinforcing downside pressure on AUD/CAD toward the 0.9240 support level.
Short
by ClearTradingMind
GOAT/USDT: LONG SCALP SETUP!!Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! GOAT is looking strong right now! It breaks out from the falling wedge like structure and also holding the 50ma in 2hr tf very well. Open a long position here and add more in the dip. Entry: CMP and add more up to $0.5 Targets: $0.556/$0.592/$0.644/$0.714 SL: $0.458 Lev: Use low leverage (Max 5x) What do you think of GOAT’s price action? I’m seeing a strong bullish setup here! Share your insights and analysis in the comments below!
Long
by CoreCrypto1
1
DOGE ANALYSIS🔮 #DOGE Analysis 💰💰 🌟🚀In 4hr chart we can see a formation "Descending Wedge Pattern in #DOGE. Also there is a breakout of the pattern. We would see a small retest towards it's crucial support zone and then we could expect a reversal 🔖 Current Price: $0.15800 ⁉️ What to do? - We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #DOGE. 🚀💸 #DOGE #Cryptocurrency #DYOR #PotentialBreakout
Long
by ZEUS_Market_Alerts
Gold Trading- How to Avoid false breaks- 3 simple tipsIf you’ve been trading long enough, you know the rush of seeing a big bullish breakout. Those massive green candles make it tempting to jump in immediately, fearing you might miss the move. But if you’ve experienced a few of these moves reversing sharply, you also know the sting of buying at the top. False breakouts—when price appears to break out but quickly reverses—can be frustrating. You can’t avoid them entirely, but using a few smart strategies can help reduce the risk of getting caught on the wrong side of a trade. Let’s dive into key strategies for breakout trading, including buying dips in an uptrend and selling rallies in a downtrend. 1. Don’t “Chase” the Markets When the market suddenly surges higher with multiple big bullish candles, the temptation to enter is strong. This move can make it feel like you’ll miss out if you don’t buy immediately. But in most cases, strong moves like this mean the market is likely due for a pullback. In an uptrend, these fast, high candles can often reverse or slow down, leaving those who bought at the high with losses. Pro Tip: If you spot three or more large bullish candles in a row, it’s usually too late to enter. Waiting for a pullback (which we’ll discuss soon) is often the safer approach. 2. Trade with the Trend: Buy Dips in an Uptrend and Sell Rallies in a Downtrend One of the most effective strategies for avoiding false breakouts is trading with the trend. Here’s the basic principle: In an Uptrend: Buy dips. When the market is trending upward, buying during short-term pullbacks is often a better strategy than buying during strong rallies. This approach allows you to get in at a lower price, reducing the risk of buying at the high. Example: Suppose the market is moving steadily upward but experiences brief pullbacks to a support level. This is an ideal opportunity to buy, as it aligns with the trend's direction without chasing after a breakout that could reverse. In a Downtrend: Sell rallies. During a downtrend, the market will often move lower, but with periodic upswings. These rallies are temporary and typically followed by further downward moves. Selling during these rallies can help you align with the downtrend while avoiding the risk of a sudden reversal. This buy-dip, sell-rally strategy aligns your trades with the overall market direction, minimizing the chances of getting caught in short-lived breakouts. 3. Look for a Buildup Before Entering a Breakout Trade One key strategy to avoid false breakouts is waiting for a buildup near a key resistance or support level. A buildup is a tight consolidation (or a “squeeze”) pattern that suggests the market is coiling up energy to make a sustained move in one direction. Here’s how it helps: Buildup at Resistance: If an uptrend is approaching a resistance level, a buildup (narrow price range) near that level often indicates strong buying pressure. It suggests that sellers are struggling to push prices lower, increasing the likelihood of a successful breakout above resistance. Stop Loss Placement: If the price breaks out from a buildup, you can use the low of the buildup as a stop-loss point. This gives you a more favorable risk-to-reward ratio because if the breakout is genuine, it’s unlikely to fall below the buildup low. Pro Tip: Patience is key. Wait for the buildup pattern to appear near resistance in an uptrend or support in a downtrend before taking a breakout trade. This approach is particularly useful when combined with buying dips in an uptrend or selling rallies in a downtrend. Very recent example (yesterday): Summary: Strategies for Breakout Trading and Trend Alignment To avoid getting caught in false breakouts, follow these steps: - Don’t chase big moves after three or more bullish or bearish candles. - Align with the trend by buying dips in uptrends and selling rallies in downtrends. - Use buildup patterns to time your entries, placing stop losses below the buildup for better risk management. By focusing on trend alignment, buildup patterns, and avoiding the urge to chase, you’ll find yourself in stronger positions and with greater control over your risk in the market. These strategies can help you catch trend-following breakouts without falling prey to the frequent traps that catch traders off guard.
FX:XAUUSDEducation
by Mihai_Iacob
Palantir Validated a Liquidity Zone, Whats Next? If you saw my previous structural analysis, I had mentioned that Palantir was going to hit an institutional liquidity zone, and for the first time in several years, using common sense, the price was going to face rejection. And that’s exactly what happened... The price hit my point of interest and dropped for 3 days. However, the last candle with which we closed the week was green and had enough volume. Why is this? If we can see 2 candles before the close, we can detect a trap that created a long wick downward, preventing the price from falling further. That’s the detail we're seeing before the week’s close—the last candle was bullish. We also can’t ignore that Palantir is only about 2 weeks away from its earnings report. So, I don’t think the price will make a decisive move just yet, and even if it falls further, it would likely be around 38.50. However, the earnings strategy that traders are waiting for, where Palantir accumulates and begins to rise, is very close. So, we need to be very alert as we approach its earnings report on November 4th. Best regards, and thank you for supporting my analysis.
P
by RocketMike111
Google Still Bullish but nothing to see yet till Earnings ReportGoogle is clinging to this stagnant channel (yellow color), but the question is: Could this be an accumulation before their earnings report? We are one week away from Google's earnings report, and I have a feeling that the price will simply continue to trade within the same range until a few days before the report. Let's say on Friday or Monday, we may see a strong and sudden move. This is due to the "insiders," those privileged individuals within the company who hold positions and know what the price movement will be on the day of the report based on information they can access before the expected date. We just need to keep in mind that we are still in a congested sideways channel, and this channel may expand as the days leading up to the report approach. There's really not much to see with Google at the moment. Best regards, and thank you for supporting my analysis.
NASDAQ:GOOGL
by RocketMike111
2
SPY Loosing Momentum ! SPYLOVERS DONT PANIC ! Its OKAfter several weeks of analysis, the price reached its all-time highs twice, creating a new extreme. Att his moment is what i call in a no man's land zone. But what do I see in the overall structure? If you can clearly identify the yellow upward channel, I want you to split it in half, and we will analyze the two parts. In the first half, we have an active price movement, with clear fluctuations between support and resistance. The high volatility causes the price to move in waves, perfectly respecting support and resistance. But if you can manage to identify the second half, up until the end of the channel, you'll see that the price shows signs of exhaustion. Exhaustion, how? When the price stops having that volatility everyone is looking for, and begins to slow down and starts moving like a worm along the edge of the channel’s support, showing small candles and, above all, losing momentum. (In the chart, I want you to identify the price exhaustion by marking it with a small symbol of a worm crawling along the channel's support.) This type of behavior happens frequently when the price is losing momentum. In this type of scenario, I am more than certain that we will soon see a move where the price might break out of the yellow channel. Most likely, we will see the price make its natural retracement. After achieving two all-time highs, I believe it's time for the price to take a break, either to consolidate or make a quick decision. Nevertheless, I am expecting the price to make its natural pullback in the coming week. We’ll see if it happens. Best regards, and thank you for supporting my analysis.
AMEX:SPY
by RocketMike111
13% profit 30% in total, bitcoin might do a new higher high Recap: first off all congratulations to everyone who followed my signals, we are on our second trade the first one made more than 16% profit and the second since September 1st made more than 13% and still going strong Since September 1st I've guided my followers through entry and exit points and thanks to my perfect entry the last panic sale didn't put us in the red even thought I've pleaded every trader to buy Bitcoin and that it will at least go above 65858$ and I've been trolled for saying that now the joke's on you Bitcoin will continue it's uptred and might do a new higher high
Long
by thebitcoin_trader