Breakouttrading
SOLUSDTSOLUSDT is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 126.
What you guys think of this idea?
Nasdaq - Retracement TimeHello Traders, welcome to today's analysis of Nasdaq.
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Explanation of my video analysis:
For more than 10 years the Nasdaq has been trading in a very obvious rising channel formation. Considering that we saw a +50% pump in 2024, the Nasdaq is certainly ready for a (short term) correction back to the lower support trendline which I mentioned in my analysis. From there I do expect the longer term bullish continuation though.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
SPXSPX at crucial levels, If bulls fail to hold 4700 on Monday and the index starts sliding below 4680, we could easily get to see an intraday fall towards 4625/4600 levels. Whereas on the other if bulls conquer 4700 and starts sustaining above the same we would be looking at 4775/4790 on the index!
Simple price action could get you a move of 2% on the index!
USOILUSOIL is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 79.
What you guys think of this idea?
Learn to Draw Polygons using NIIT Learning SystemsNIIT MTS (Learning Systems) an Off-shoot of NIIT LTD got listed as Demerged Entity in Aug 2023. It had a blasting entry with more than 70% gain while listing for NIIT stock holders. After 6 months of time writing its own "fate" / creating its history, now the stock is all set to Blast Higher
Technicals: Short Term View
On the Daily timeframe, the Stock has Broken out of an Inverted Head & Shoulder Pattern today (also a Weekly close which is a Plus)....
Target 495, 545
NIIT MTS is getting ready to teach out Triangles, Polygons and other Geometrical patterns :)
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Apple - Watch The TrendlineHello Traders, welcome to today's analysis of Apple.
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Explanation of my video analysis:
Starting all the way back in 2010, Apple created its first major higher timeframe break and retest. For many years we saw the same pattern on Apple stock which was simply a trendline rejection and a horizontal break and retest. With the recent breakout and retest I do expect more continuation towards the upside away from the confluence level I mentioned in the video.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.