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Continuationpatterns

LMT: Firing all the way up?Lockheed Martin Corporation Shortterm - We look to Buy at 423.15 (stop at 403.98) Price action looks to be forming a bullish flag/pennant. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected although we prefer to buy into dips close to the 423.00 level. The bias is to break to the upside. Our profit targets will be 479.96 and 500.00 Resistance: 445.00 / 480.00 / 550.00 Support: 408.00 / 370..00 / 260.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre ’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:LMTLong
by VantageMarkets
1
TSLA Possible continuation bull runTSLA did not break below 914 on the sell-off today...hmm IF...IF...if SPY does Gap & Go tomorrow morning it will creates a short-squeeze in order to get above 200ma on 8/17/2022 we MAY see an Impulsive Gap & GO - for TSLA to begin its final leg of this rally~ This will also support the Cup & Handle on Macro Charts -Target of the .0786 as the possible final Exhaustion move up before reversal (Correction) and re-liquidity grabbing - (Personally I am seeing negative divergence on short term for markets and TSLA but this could be the short squeeze of the FINAL bull run to end the Market cycle) Let me know what you think.. ***DO not FOMO or trade with emotion-- watch price action and have a plan for bullish & bearish scenarios. Good Luck All
NASDAQ:TSLALong
by Black_Sheep1
4
Flip FlipHi everyone, Yesterday I have analyzed where I talked about how it will react from the last major resistance (which it did), the link is down below. Today, we have lost all the bullish momentum that we got yesterday, and it is normal that this happens. Why? Because usually retail traders get in on this candle, we broke a resistance and we are retesting it as a support flip pattern), we haven't yet broke the low of the last bullish candle, and we are in an area of double support (support line and trendline). I think that right now we are in an opportunity of buying the market as we are heading to the 10.69 level. If we break this support, we are most probably going to meet the next major support around 7.84 level. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji
Biotech: textbook bullish continuation pattern breakoutBiotech was one of the first sectors in the market to show relative strength and catch some bids throughout the June bottoming process. IBB rallied 20% off the lows and then proceeded to consolidate sideways for 3 weeks. This Wednesday, IBB broke out of that consolidation with a gap up on heavy volume and is now finding more follow-through. Keep an eye on the old Feb/Apr highs around 135 which seems like the next target in this uptrend.
NASDAQ:IBB
by EvanMedeiros
1
$ITV - Continuation swing with +10% to +40% upsideTechnical Analysis Price bottomed out 3 weeks ago and the RSI + William %R Price broke out the daily channel last week and has been consolidating above the 1D 50EMA. There is a good zone to buy before a further push above 76 and potentially 90 Price Target Entry: 71-73 Target 1: 76 (+5%) Target 2: 88 (+20%) Analyst Targets: 101 (+40% Financial Metrics High quality as shown by the financial metrics. Undervalued with high upside/growth potential.
LSE:ITVLong
by subtlepapi
AUDJPY Correction and More Downside!Welcome back! Let me know your thoughts in the comments! **AUDJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
1
NZDUSD, buyers building for a break higher? Hello to our subscribers and to the TradingView community. Welcome to Thursday’s update. Focus today is on the NZDUSD. Price failed to launch our consolidation after yesterday’s FOMC, but the pattern remains, and we continue to wonder if secondary momentum will see buyers confirm a breakout. Early this morning, the FED increased rates to 2.50%. The statement seemed to reassure buyers and set off a sharp risk rally that covered most markets and sent the USD lower. Powell said they didn’t see the economy in a recession, and action showed that the FED is committed to fighting the current inflation issue. The Fed also advised that a time will come when rates rise slowly to assess their impact. This could have been seen as a hint that an end to the cycle could be nearing. Regardless, we can’t take away from what happened this morning, and that was that risk markets liked what they heard and acted accordingly—strong upswings were seen across stock indexes, forex pairs, gold, oil and cryptocurrencies. The NZDUSD rallied after the FOMC but remained capped at 0.6260 resistance. Today we’re seeing buyers test that level with a move outside, starting to push at a breakout. Yesterday’s candle was a failed break lower and, after holding, reconfirmed the new uptrend line. We have also seen a break of two down trendlines. The OBV is also quite interesting at the moment. We haven’t seen a true breakout by price, but we are seeing a consolidation break on the OBV. Could this be a lead in volume increasing before price moves higher? We will continue to watch price to see if buyers can take the next step.
Long
by Eightcap
EURJPY Continuation TradeHi Traders, I am looking at a very simple setup on EURJPY today, We have basic price action creating lower lows and lower highs, Price has also rejected the current resistance level and I would like to see the continuation to the downside, I would 1st like to see the current h4 Candle close Bearish, Once this happens I would monitor the next h4 candle to see if price will continue the bearish push. Keep in mind that tomorrow we have the FOMC and this may affect how price moves tomorrow so be prepared for anything. My target would be around 139.0 On this pair and would expect even further push down. For now, let's see how price plays out. Renaldo Philander
Short
by Tradebudz
1
🐻XAUUSD SHORT(follow up)The previous setup on Gold that was shared has not played out as thought. There was no entry trigger which was a break below the support, but of course we didn't expect it to break right then and there, though it is taking longer than expected. We see the chance of a double bottom bullish continuation playing out, but there is still a bearish continuation that I have drawn up. There are 2 situations here and both marked up. if price breaks above the major resistance then my confidence in buys will be restored.
OANDA:XAUUSD
by WAR_ON_FOREX