EURCHF GARTLEY PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
Bullishpattern
IPO : US IPO ETFAfter suffering a brutal bearish phase from 2021 to 2022 when the ETF ‘IPO’ suffered a 70% drawdown the ETF is recently having a renaissance. ETF has been having a comeback since 2024. It has recovered almost 80% from its lows. The recent weakness in the market has pushed it below 100 day SMA in the weekly charts.
BULLISH"LONG-TERM INVESTMENT IN CHAMBAL FERTILIZERS (6-9 MONTHS)📊 Long-Term Opportunity: NSE:CHAMBLFERT (6-9 Months)
🔍 Overview:
Chambal Fertilizers presents a 📈 bullish opportunity for long-term investors, supported by strong technical patterns and sectoral growth potential. With a favorable risk-reward ratio and government focus on 🌾 agriculture, this stock could deliver significant returns in the next 6-9 months.
🚀 Key Opportunity Highlights:
1️⃣ 📌 Entry Point:
A breakout above ₹510 (expected before 22/01/2025) signals the start of a major uptrend.
2️⃣ 🛑 Stop-Loss:
Maintain a stop-loss at ₹485 to protect your capital.
3️⃣ 🎯 Targets:
🟡TP1 (Short-Term): ₹551 – A critical resistance level with high likelihood of being reached.
🟡TP2 (Mid-Term): ₹610 – A strong intermediate target for potential gains.
🟡TP3 (Long-Term): ₹710 – Final target achievable within the 6-9 month timeframe
4️⃣ 📊 Technical Setup:
Head & Shoulders Pattern indicates strong bullish potential.
Support from trendlines and moving averages aligns with an upward trajectory.
5️⃣ 📅 Fundamental Catalyst:
Budget 2025 and government focus on agriculture create a 🌟 favorable backdrop for growth in this sector.
🌟 Why This Opportunity Stands Out
📐 Strong Technical Setup: Clear patterns support bullish momentum.
📅 Budget-Driven Growth: Agriculture-focused policies could act as a major growth driver.
⚖️ Balanced Strategy: Defined entry, stop-loss, and targets create a well-structured opportunity.
⚠️ Note: This is a high-potential opportunity but should be pursued with proper risk management. Always consult your financial advisor before making investment decisions.
🔴 Disclaimer
I am not SEBI-registered, and this analysis is shared for educational and informational purposes only. Stocks and securities are subject to market risks, and past performance is not indicative of future results.
Please read all levels, key highlights, and the associated risks carefully before making any investment decisions.ensure alignment with your investment goals and risk appetite.
If you really like this idea...leave a coment below...
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$DOG in a bullish channelAMEX:DOG is looking strong. The community is strong. This bullish channel has 2 major resistance lines: The previous ATH resistance line and the channel resistance lines. Once it breaks out of these two resistances, the sky is the limit. With almost 101,000 holders and ZERO tier1 CEX listings yet, this coin will fly once tier 1 listings start happening. And did I mention the fact that is the the No. 1 memecoin (rune) on the MARKETSCOM:BITCOIN blockchain? If CRYPTOCAP:DOGE the No.1 memecoin on Ethereum pulled almost $90 billion market cap last cycle, think of what the No.1 memecoin on MARKETSCOM:BITCOIN can pull. Also, the total supply is 100bn, and it's all been distributed, everything in circulation, no reserves, no team coins, nothing kept for anyone. Need I say more???
WLD analysis: a bullish chance !BINANCE:WLDUSDT
WLD is forming a bullish double bottom pattern.
Which means the price is gonna increase after the break out happens!
be patient and you'll be rewarded!
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
👉 Follow me for daily updates,
💬 Comment and like to share your thoughts,
📌 And check the link in my bio for even more resources!
Let’s navigate the markets together—join the journey today! 💹✨
Friday "NFP" Sell Signal Alert!The market has been following the trendline for the past 2-3 days. A daily price close with a Doji candle suggests indecision, while our daily bias remains bullish. However, today is Friday, and we have the NFP news event.
We anticipate the market to move up by 120-130 pips, following the trendline, toward my identified resistance zone. Wait for gold to reach this resistance area before taking any action.
For a bearish scenario, the target range is around 310+ pips. The market may first create a large wick during the news event before experiencing a significant drop.
i'll keep this idea updated.
BTC's ultimate bullish point is here!BITSTAMP:BTCUSD
Bitcoin is in the bottom of a broadening wedge, which has proved to be a good Support point as well!
also we can see a double bottom on the chart which is another bullish pattern! so this might be a pretty good point to be bullish on Bitcoin.
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
👉 Follow me for daily updates,
💬 Comment and like to share your thoughts,
📌 And check the link in my bio for even more resources!
Let’s navigate the markets together—join the journey today! 💹✨
AMD to $200 (61%) – Strong Support ends ConsolidationNASDAQ:AMD weekly charts looks very good. The trendline from March 2023 is intact and we also touched the 61.8 fibonacci from the complete move (starting in October 2023). The descending wedge could be broken to the upside today, which would be a bullish sign for a stronger move towards $200. All in all, many semiconductor stocks are currently on supports or are fundamentally more attractive than they were months ago.
Fundamentally NVIDIA still dominates the AI datacenter market with a market share of over 90%. But Advanced Micro Devices is improving its hardware and software offerings. The recently released MI325X and the upcoming MI350 series could give AMD more market share with faster release cycles. First signs show significant customer interest. In addition, AMD has a more stable revenue stream from other products like CPUs and non-AI datacenters. Given the high prices of NVIDIAs products the market itself should have a deeper interest in more competition.
Target Zones
$135
$160
$200
Support Zones
$117-$120
Reliance looks to be the BEAST amongst BEARS!!Reliance has been on a decline for a while and we have all wondered about when this beast of a bull will come to party!!.....May be the time has come!!
- MACD is positive
- Volume is high and RSI increasing over last few trading sessions
- Taken support 2 or 3 times in the 1205-1210 level
- Breaking out of a Falling Wedge pattern
- Taken support from 68.2 Retracement on Fibonacci and crossed 1260 - indicating an impulse pattern
Next stop 1290-1300 and eventually 1350!!
Fingers crossed
AVAX/USDT Weekly Symmetrical Triangle FormationThe chart illustrates a classic symmetrical triangle pattern on the weekly timeframe, suggesting a period of consolidation before a potential breakout. The price is holding above the 50-week moving average (MA50), reinforcing the bullish outlook.
Key Observations
The symmetrical triangle indicates indecision in the market, with buyers and sellers converging.
Holding above the MA50 signals strong support and a likelihood of upward momentum.
A confirmed breakout above the upper trendline will validate the bullish scenario and trigger significant upward movement.
Targets Upon Breakout
$61 - $149
Strategic Implications
Patience is key. Monitor for a breakout with strong volume confirmation above the triangle's resistance. Failure to break out may result in continued consolidation within the pattern. This setup offers significant potential for medium to long-term gains if the breakout materializes.
Alibaba - This Is Really Just The Beginning!Alibaba ( NYSE:BABA ) is starting to create a bullish reversal:
Click chart above to see the detailed analysis👆🏻
After perfectly rejecting a major resistance level just three months ago, Alibaba now retested the previous trendline breakout area and bulls are immediately stepping in. If we actually see a break above the neckline of this bottom formation, we could even see new all time highs.
Levels to watch: $80, $115
Keep your long term vision,
Philip (BasicTrading)
UMA ANALYSIS📊 #UMA Analysis : Update
✅As we said earlier, #UMA performed same. Around 80% move done in #UMA. There was a formation of Descending Channel Pattern on weekly chart with a breakout🧐
Current we can see a little retest and then we could target for next resistance
👀Current Price: $2.890
🚀 Target Price: $3.800
⚡️What to do ?
👀Keep an eye on #UMA price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#UMA #Cryptocurrency #TechnicalAnalysis #DYOR
$NVDA LongNVIDIA Corporation (NVDA) shows signs of a potential rebound based on Elliott Wave Theory and key technical indicators. The chart suggests that NVDA has likely completed a corrective Wave 4 and could be entering Wave 5, signaling a continuation of its primary bullish trend. Divergences in the Relative Strength Index (RSI), MACD, and Williams %R indicate that the recent pullback may be temporary.
The RSI shows a bullish divergence, with higher lows on the indicator while the price made lower lows, a common precursor to upward momentum. The MACD has turned upward, with a bullish crossover suggesting increasing buying interest. The Williams %R, which measures overbought and oversold conditions, also shows a divergence, indicating the stock may have been oversold and could be ready to reverse.
NVIDIA’s strong fundamentals, driven by increasing demand for AI infrastructure and GPUs, support this technical setup. Compared to gold and U.S. Treasury bonds, which have stabilized with minimal growth potential, NVIDIA offers significant upside as the chart signals a potential reversal and renewed bullish momentum.
RACE (Ferrari) – Quality has its PriceMIL:RACE has a technically interesting setup that also fits well with the weekly setup that I presented a few weeks ago.
The current consolidation has once again reached the lower zone and should find support from here one more time. Recently, a significant bounce was achieved from here several times. In addition, Ferrari is moving at the daily SMA 200 line and has bounced upwards from this (as well as from the horizontal support). In the 4h chart we see a nice RSI divergence as well as a breakout from a falling wedge. Both bullish signals.
Fundamentally, Ferrari is not cheap, but quality has its price. The backlog extends years into the future, the pre-order lists are full to bursting, the line-up presented is technically flawless and in demand and the cash flow is immense. In addition, the company is still family-owned (which secures the share price) and the current F1 season with Hamilton and Leclerc as the team should also be interesting.
We are initially targeting the area around EUR 438 and then the previous ATH at EUR 457. This results in an ROI of 10%. Should the daily closing price fall below EUR 400, the trade would be disqualified and closed.
Target zones
438 EUR
457 EUR
Support Zones
400 EUR
XAUUSDXAUUSD is trading in clean bullish parallel channel.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
How to easily place pending orders in GOLD #XAUUSDThis is an easy way to determine where to place a buy or sell order. Place the buy or sell order in the boxed area created by the signal, as in the example. For SL TP, it can be in a 1:1 ratio or placed at the previous strong Support and Resistance. Always pay attention to the LOT placed. Adjust to the capital and do not place too many positions during the transaction. Be disciplined and stay relaxed when trading. God Bless.
FOREXCOM:XAUUSD
BONK/USDT, Falling Wedge Breakout with Retest #BONK formed a Falling Wedge pattern on the BONK/USDT pair, which is typically a bullish formation. A breakout has already occurred, and the price is now retesting the upper trendline of the wedge.
The area between 0.0000333 and 0.000032 appears to be a good entry zone for potential longs. If the retest holds, the price may aim for the expected target of 0.000046. However, confirmation of support around the retest level is crucial before entering a long trade. Keep an eye on the price action in this region and implement proper risk management strategies.
Where gold will move after weekend open? (BULLISH ACTIVE & WHY)Hey everyone this is your boy Hunbal! I am looking for a good buy trade ready for asian session gold is ready for a drop I have 1 confirmation one the rejection from the support level and second I am waiting choc in m30 time frame so we are hoping a good buy from here (2632) our take profit will be 100 pips 2642 and our stop loss will be 80 pips 2624. I wish we all together print some money.
Good Luck :)