PLASTIBLENThis stock breakout nearly 8 years level if close strong weekly candle then breakout will confirmed and this is only for educational purpose only
Breakouttrading
SNOW (Long) - Beautiful Technicals, Don't look at FundamentalsFundamentals
Really not here to admire the pristine fundamentals - the stock is severely overpriced with a price-to-sales over 20
However, having been at this for a while, for a 6-month horizon, the technicals, price and the momentum are the things to focus on
Regardless, NYSE:SNOW is an outstanding company with a very bright future. However, its price might fluctuate wildly over the coming years until its sales catch up with the valuation
For now, the technicals are the key...
Technicals
The longer a firm has been forming a bottom, the more excited I tend to get about a breakout
The price of SNOW has been oscillating around for a while, forming a basing pattern (pick any of the three names on the screen) and accumulating share demand and momentum
If everything goes well, the price breaks out cleanly over the resistance (black line)
Looking at the stochastics, momentum is strong and volume has been on our side for the duration of the most recent up leg - shown by the Chaikin Money Flow indicator.
However, considering my slight doubts about the overall market, I would shorten the horizon on this trade to 2-3 months - to hedge the best in case the market calls the investors' "soft-landing" bluff
Trade
I see two potential way s of playing this trade: (i) enter where the price touched the red-coloured line, catching the pullback and frontrunning the breakout (if you have a strong conviction) or (ii) wait for the actual breakout - best-case scenario is a long, fat green candle which sustains the highs towards the close and does so on volume
Given the first choice, stop loss just below the red line or the 19-day EMA. With the second option, the black line is the obvious stop
Failed breakout would be an obvious no-no for me and I would abort the trade and wait how the price action develops
Also closely watch the NASDAQ:QQQ , Snowflake likes to follow it and I have some worries about the sustainability of the tech rally
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ONEUSDT ONEUSDT is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.01970 followed by 0.0214.
What you guys think of this idea?
EURCADEURCAD 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 1.4720 followed 1.4770
What you guys think of this idea?
📈💰 Bitcoin Breakout Analysis 🚀🌐🔓 Key Breakthrough:
Bitcoin has successfully breached the challenging $44,700 region, a level persisting since December 5th.
🎯 Next Resistance Levels:
Immediate focus on the $48,000 resistance.
If bullish momentum persists, watch for resistance in the $50,000 - $52,000 range.
🚨 Caution Advisory:
Caution is urged this week, anticipating high market volatility.
The Bitcoin spot ETF news is a significant factor that could profoundly impact market movements.
⚖️ Market Dynamics:
The outcome of Bitcoin spot ETF news holds the potential to shape market trends.
Traders should remain vigilant and adapt strategies to evolving conditions.
📣 Conclusion:
Bitcoin's breakout signals a potential upward trajectory.
Caution warranted amid anticipated news regarding the Bitcoin spot ETF.
#BitcoinAnalysis #BTCBreakout #CryptoMarket
PNB trade plan for 1:4.5+ RR trade set up1. Trend - Bullish
2. PSU sector bullish
3. Fresh Breakout - Possible
4. Pattern: Big rounding bottom
$NVDA classic VCP breakoutnVidia had 5-6 month consolidation with VCP chart structure. It broke out of that yesterday in high volume. Usually this indicates more upside to come if the overall market is conducive.
CESC HEADING TOWARDS 154 ??cess is in tight range after a uptrend
stock is in good volume collection and getting it self ready for next move towards the 154 levels which is 13-14% from current levels
retest zone marked and all target and levels also on chart
TVS MOTORS AT BREAKOUT ZONE DAILYTVS is moving towards the breakout zone which is also all time level.
Its forming ascending triangle on daily chart
volume push is also seen
levels and target marked on chart
S&P500 - 5000 Points In 2024Hello Traders, welcome to today's analysis of S&P500.
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Explanation of my chart analysis:
The S&P500 has been rallying for the entire year of 2023. Many people do expect a correction but the charts are still looking pretty bullish. If we see a breakout above the previous all time high at $4.700, I do expect a rally back to the upper resistance of the rising channel above $5.000.
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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.
IRCON 219 LEVEL COMING SOONIron gives a good Break out few days back and now we can see 219 level in Few weeks
The Bitcoin Triangle: In the Midst of a Fundamental TsunamiHard to not draw when its already outlined for you. Market manipulation is probably most prominent in the crypto sphere and notably with Bitcoin. It is the breakout trader, the technical analysis pioneer, that is the target. Give them an image, that creates a bias, a bias strong enough for them to enter the market with conviction (in the form of leveraged positions) and the self fulfilling prophecy will occur. Breakout or fake-out, stop losses will be taken out, by the crypto whale like plankton in the gambling ocean of retail traders in motion.
Regardless looks bullish. Doesn't it?
Lookin long on PM in the very near future! Thank you as always for watching my analysis. I hope you can learn something very educational on this video. Also one thing I did not mention on this stock is the fact that the fundamental analysis on this stock looks underrated as well so that just adds more confluence. Have a blessed January!
Breakout of Rising widge channel in biocon After a series of consolidation in biocon it's gives are rising wedge channel break out and we can see 362 and 400 level in coming few weeks this is not a recommendation just the view
AU SMALL FINANCE BANK GIVES BREAKOUT Small finance Bank gives of weekly as well as 4 hour break out and we can see a very good level of 962 from Current lavel and Star Plus will be below 750 4 hour candle close
Symmetrical Triangle Formation Ahead of ETF News 📈Bitcoin (BTC) is currently charting a distinctive path within a substantial ascending channel on the 4-hour timeframe. The market has recently witnessed its third notable reaction near the upper boundary of this channel. Amidst this, a symmetrical triangle pattern is emerging, setting the stage for a potential breakout. The significance of this pattern intensifies as it unfolds just ahead of eagerly anticipated news regarding the approval of a BTC ETF.
📈 Technical Dynamics:
📉 Ascending Channel Structure:
Bitcoin's price action has been consistently respecting the confines of a well-defined ascending channel. This technical structure suggests a prevailing bullish sentiment in the market.
🔼 Symmetrical Triangle Formation:
The recent interactions with the upper channel boundary have led to the formation of a symmetrical triangle. This pattern is characterized by converging trendlines, indicating a phase of indecision and potential price volatility.
🌐 Market Sentiment and ETF Catalyst:
🚀 Anticipation of ETF Approval:
Bitcoin's current consolidation and the formation of the symmetrical triangle coincide with the imminent decision on the approval of a BTC Exchange Traded Fund (ETF). Positive news on this front could trigger a significant market reaction.
📉 Breakout Scenarios:
🔼 Bullish Breakout:
If the BTC ETF is approved, and market sentiment remains positive, a bullish breakout from the symmetrical triangle is plausible. This could propel Bitcoin to new heights, capitalizing on the increased institutional interest.
🔽 Bearish Reversal:
Conversely, a negative outcome or unexpected market reaction to the ETF news may result in a bearish reversal. Traders should be prepared for both scenarios and monitor critical support and resistance levels.
📝 Trading Strategy:
🧐 Monitor Triangle Breakout:
Traders are advised to closely monitor the symmetrical triangle pattern and await a decisive breakout. Confirmation of the breakout direction is crucial for informed trading decisions.
🗞 Stay Informed on ETF News:
Given the potential impact of the ETF decision, staying informed about regulatory developments and market sentiment is imperative.
🚀 Unlock my 3 crypto trading indicators for FREE! 🚀
AXIS BANK#Axisbank is near its resistance of 1108-10, Buy only above 1110 (hourly closing) for a minimum target of 1125 and final target of 1150 with a stop below 1108 (hourly closing).
GBPUSD Triangle BreakoutHi Traders!
GBPUSD is in a triangle pattern, and there is a possibility of a breakout to the upside above the trendline resistance
Here are the details:
There is currently some bullish momentum in the market due to the trendline support hold at 1.26123. The overall price action looks bullish; there are signs that the market could be oversold as the market has come a long way down in the past couple of days.
We are looking for a break and a close above the trendline resistance.
Preferred Direction: Buy
Technical Indicators: 20 EMA
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Trade safely and responsibly.
BluetonaFX
FSL 2 year long rounding bottomnBreakoutFSL has shown a rounding bottom breakout on weekly chart.
After a up trend it was in long consolidation rounding bottom
RUNEUSDT in 4H wants to rune !!ascending pattern created...
Although the market situation is not clear, you can think about this
[Price Action#1] What is the Breakout and Breakdown?What is the Breakout?
Breakout is a price moving outside a defined resistance level with increased buying volume. The breakout traders enter the long positions after the price breaks the resistance level.
What is the Breakdown?
Breakdown is a price moving outside a defined support level with increased selling volume. The breakdown traders enter the short positions after the price breaks the support level.
Prince Pipe above 760 level Breakout tradeprince pipe is ready to breakout from the resistance of 2 year.
above 760 its targets are open marked on charts
a debt free company doing its extension also good for long term
Strong breakout in dharmaj corp gaurdVery strong breakout has been done in dharmaj corp now it is on life time high our prediction is it well go 15-18% up from this level
Buy it at 274-280
Target 300 325
Sl 260
