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Perfect storm breakout Several favorable factors indicate trend has changed. We had bounce off the 50 MA (Monthly). We set a higher low pivot. We had a breakout over a trendline from a cup and handle pattern. A BAM signal triggered on Jan 12th (bullish signal with excellent record). What more do you want? I am hoping for a pullback to the .38 Fibonacci line...but may need to settle for .23. Market may make it hard to get a good position. When the train leaves the station it doesn't back up to let late-comers get aboard. Many people clamoring this is a fake breakout. It may be...but price action is screaming we are going up for awhile. Use stops or keep close eye on market.
AMEX:SPYLong
by bluespark96
BluetonaFX - GBPUSD Triangle OpportunityHi Traders! There is a descending triangle setup here on the GBPUSD 1H chart. This is a bearish setup, with the recent price action showing lower highs and lower lows. The support of the triangle is at 1.28038, and we are looking for a break and a close below 1.28038. If we get this, then we are looking for a target at 1.27814, and below this, there is another target at 1.27678. If we fail to break to the downside, then there are also opportunities to the upside. There was a previous price rejection at 1.28486, so the market might possibly target this level as a resistance test.  Please like, comment, and follow to support us, we greatly appreciate it. Thank you for your support. BluetonaFX 
by BluetonaFX
2
BluetonaFX - USDJPY Range Zone Opportunity Hi Traders! There is a range zone setup on the USDJPY 1H chart. From looking at the price action, it looks bullish, and we are close to a breakout. There is resistance at 141.973 and support at 141.442. We are looking for a resistance break above the zone to target the psychological 142 barrier. If there is a break of the 142 barrier, then we have further levels to the upside, we have a long-term vector level at 142.255 (PLEASE SEE LINK BELOW). If we fail to break the range zone, we are likely to stay in the range zone, so there will be opportunities to just trade the range. Please like, comment and follow to support us; we greatly appreciate it. Thank you for your support. BluetonaFX 
by BluetonaFX
2
BluetonaFX - AUDUSD Triangle PatternHi Traders! There is a long-term symmetrical triangle pattern here on the AUDUSD monthly chart. With symmetrical triangles, breakouts could happen on either side. That being said, from looking at the recent price action along with recent fundamental events that have taken place over the past couple of days, there is a long-term bullish bias to this setup. In the triangle, there is a range level (shown on the chart) of 0.71578 resistance and 0.64583 support. We are looking for a break and a close above 0.71578 to target the psychological 0.75000 barrier. If we fail to break to the upside, then a break and close below 0.64583 will give us opportunities for short positions on the downside to target the 0.60000 psychological barrier. We will continue to monitor this triangle pattern and will inform you of any key updates. While we do this, we will also give you trade ideas on the shorter time frames on this pair as soon as we spot any. Please remember to like, comment and follow to support us; we greatly appreciate it. Thank you for your support. BluetonaFX 
by BluetonaFX
4
DAILY TIME FRAME - AMBICAAGARThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:AMBICAAGARLong
by Tradelikemee
Bullish Potential on $PYPL: Falling Wedge Pattern Greetings, Traders! Today, I'm excited to share an intriguing technical analysis discovery on the stock of PayPal Holdings Inc. ( NASDAQ:PYPL ). A falling wedge pattern has been identified, indicating the potential for a bullish reversal in the near future. Let's dive into the details! 📈 Ticker: NASDAQ:PYPL 📅 Timeframe: Daily Chart 📊 Pattern: Falling Wedge 📉 Understanding the Falling Wedge Pattern: A falling wedge is a bullish chart pattern characterized by converging trendlines that slope downward. Typically formed during a downtrend, it suggests diminishing selling pressure and the potential for a reversal. This pattern indicates the possibility of an upward price movement. 🔍 Identifying the Falling Wedge on NASDAQ:PYPL : Upon analyzing the daily chart of NASDAQ:PYPL , the following observations come to light: 1️⃣ Recent downtrend: NASDAQ:PYPL has experienced a decline in price over the past weeks. 2️⃣ Converging trendlines: The upper trendline connects the lower highs, while the lower trendline connects the lower lows. 3️⃣ Decreasing trading volume: As the falling wedge pattern forms, the trading volume has been declining, indicating a potential reduction in selling pressure. 📈 Price Targets and Trading Strategy: If the falling wedge pattern on NASDAQ:PYPL plays out as anticipated, a potential bullish breakout above the upper trendline may occur, signaling a reversal and potential price appreciation. Consider the following price targets: 1️⃣ Target 1: Resistance level near $320.00 2️⃣ Target 2: Psychological resistance near $340.00 🛡️ Risk Management: Implement the following risk management techniques to protect your capital and manage risk effectively: 1️⃣ Set a stop-loss order below the lower trendline to safeguard against unexpected price reversals. 2️⃣ Adjust position size based on your risk tolerance and overall portfolio management strategy. 🔔 Conclusion: PayPal Holdings Inc. ( NASDAQ:PYPL ) is exhibiting a falling wedge pattern, suggesting the potential for a bullish reversal in the near future. However, please remember that technical analysis has limitations, and market conditions can change. Incorporate additional analysis and fundamental factors before making any trading decisions. Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a qualified financial professional before making any investment decisions. Happy Trading! 📈💰 #TradingViewAnalysis #TechnicalAnalysis #FallingWedgePattern #BullishReversal #PYPLStock #StockMarketAnalysis #ChartPatterns #TradingSignals #InvestSmart #FinancialMarkets #MarketAnalysis
NASDAQ:PYPLLong
by STP_MrNodeItAll
2
BluetonaFX - GBPUSD 13/06/2023 Triangle Formation Update Hi Traders! PLEASE SEE LINK TO ORIGINAL IDEA BELOW.  With the Federal Reserve pausing to increase interest rates for now but hinting at two more increases in the near future, the markets signalled this as US dollar strength. Our GBPUSD triangle broke to the upside today before the interest rate announcement and almost broke the 1.27000 level, as we noted in our original idea. We reached as high as 1.26993 and have pulled back since then. The new candle forming on the 1D chart will either be a retest of the triangle trendline that was broken or a continuation candle to retest the 1.27000 level to see if this level can be broken with a possible further bullish push to the upside. If the new candle does retest the trendline, it is very important that there is enough buying demand at the trendline to make sure we do not end back below the trendline. If we do go back below the trendline, then we will most likely go back into the range zone of the triangle (highlighted on the chart). Please do not forget to support us by liking, following, and commenting on our posts; this helps us greatly. Thank you for your support. BluetonaFX
by BluetonaFX
2
RASHTRIYA CHEMICALS DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:RCFLong
by Tradelikemee
📈How to Trade: Rising Wedge Pattern📌 What is the Rising Wedge Pattern? The rising wedge is a bearish chart pattern found at the end of an upward trend in financial markets. It suggests a potential reversal in the trend. It is the opposite of the bullish falling wedge pattern that occurs at the end of a downtrend. Traders recognize the rising wedge as a consolidation phase after a medium to long-term trend, indicating a decrease in momentum. Traders often use this pattern as a signal to take a short-selling position or exit their current position. 📊 How to Identify and Use the Rising Wedge 🔹 Identify an existing trend in a currency pair. 🔹 Draw support and resistance trend lines along with the highs and lows of the trend. 🔹 Wait for price consolidation and the contraction of the support and resistance lines, forming a rising wedge pattern. 🔹 Observe the upper trend line acting as resistance and the lower trend line acting as support, converging towards each other. 🔹 Place a sell order once the price breaks below the support line of the rising wedge pattern. 🔹 Set a stop-loss order at the same level as the support trend line to manage risk in case the price reverses. 🔹 Consider setting a profit target based on the distance between the highest and lowest points of the wedge pattern or by using a technical indicator or a previous support level as a reference. 💥 Key Takeaways: 🔸 The rising wedge is a technical chart pattern used to identify possible trend reversals. 🔸 The pattern appears as an upward-sloping price chart featuring two converging trendlines. 🔸 It is usually accompanied by decreasing trading volume. 🔸 A rising wedge is often considered a bearish chart pattern that indicates a potential breakout to the downside. 🔸 Wedges can either form in the rising or falling direction. 👤 @QuantVue 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
6
BluetonaFX - GBPUSD HEAD & SHOULDERS IDEAHi Traders! We have a Head & Shoulders trade setup here on GBPUSD 1D chart. The market looks to be approaching the neckline and we are now looking for a break and close to the neckline with momentum to target lower levels. If we get a break and close of the neckline, we have the profit target level at 1.21761 and if you want to hold on for a larger risk reward trade, our second target level is at 1.20156. The ideal entry point is to either wait for a break and close to the neckline or to wait for a break with a retest of the neckline. On the other side of the trade, if we fail to break and close below the trendline, we will most likely stay in the range as there is a current lack of bullish momentum. We will keep a close eye on this and will update you if we get any further action on this setup. Please make sure you give us a like, follow and comment. Thank you for your support. BluetonaFX
by BluetonaFX
2
BIOCON - MONTHLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:BIOCONLong
by Tradelikemee
KOPRAN - A SWING AS WELL AS POSITIONAL TRADEHELLO FRIENDS, Here I am sharing my view on KOPRAN LTD (NSE) which is showing bullish bias on the chart. The stock was in downtrend since December 2021 following the downtrend as Lower Highs and Lower Lows pattern but now the stock has broken this pattern and started doing Higher Highs and Higher Lows which depicts the change or trend to uptrend from downtrend. It has given breakout of downward sloping Trendline in Weekly time frame. All the supporting indicators as showing bullish bias on the chart of which snapshots are given below. Weekly trendline breakout with good intensity of volume In Daily Time Frame, Stock has given the breakout of FLAG and POLE Chart Pattern in which we calculate first target as same as the size of pole. Price at the time of breakout is Challenging Upper Bollinger Band Directional Movement Index is also showing strong Bullish Bias Price is Trading above 50DEMA, 100DEMA and 200DEMA MACD in Daily Time Frame - Positive Crossover MACD in Weekly Time Frame - Positive Uptick RSI in Daily Time Frame - Positive uptick and above 60 - a bullish sign Conclusion- overall stock is bullish on chart, one can enter this stock as swing or positional trade following strict Stop Loss. Disclaimer- I am not SEBI registered analyst. My studies are for educational purpose. I am not responsible for any kinds of your profits and losses. please consult your financial advisor before investing your money.
NSE:KOPRANLong
by KARANN_DINGRA
6
AUDUSD BEAR FLAG 30/05/2023 IDEA UPDATEHi Traders! Our AUDUSD bear flag idea on the 30/05/2023 (LINK TO ORIGINAL IDEA BELOW) broke and closed to the downside of the flag around 0.64904 to fulfil our idea. We got to the 0.64583 level (near our 0.64500 forecast) when we noticed a big volume spike on our volume indicator. This let us know that a lot of traders were exiting positions due to the May 2023 Nonfarm Payrolls (NFP) announcement tomorrow. The market is now thin and volatile, so 0.64583 was a great exit price if you entered and held from the flag breakout at 0.64904. We will continue to analyse the markets and inform you if any opportunities arise, but please be careful as the markets are very thin and there is a current lack of volume due to the NFP announcement tomorrow. Please do not forget to comment, like and follow. We appreciate your support. Trade safely and responsibly. BluetonaFX
by BluetonaFX
2