Dent longDent looking good for some upside momentum.
Once this level clears off , dent should start climbing higher .
Double Top or Bottom
PAEL can double your savings within 2-3 yearsThe stock after 5 years of making its historical high has finally broke out its last LH which is 37.6.
If the Dec'24 closing of the stock is above 37.6, then it can give you 2.5-3x returns i.e. triple your earnings within next 2-3 years.
TP1 is 40% above the current price, TP2 is approximately 53% higher than the current price
TP3 will provide you over 100% returns and this can be achieved within 1 year.
This trade is for Investors who can hold the investments for atleast 2-3 years.
Silvers Next Play - Elliott Wave DiagonalLooking to go Long on silver with a similar double bottom move like before
except this time the percentage gain is less with ~10% decrease each wave
First wave ~40%
Second wave ~30%
Anticipating this next move to be ~20%
🎯Target $36
Note:
The ABC correction wave 4 is a bit off but will have to do for now
Still waiting for my confirmation setup then I'm jumping in for the swing.
GBPUSD update levels 9.12.This is just a level adjustment, the comment remains the same, I have a few scenarios, let's see which one will be valid.
Update levels USDJPY 11.12.24The whole scenario is going exactly according to plan, we reached the level of 152 where the price has support as another insight I have to take into account the fact that we are only at the first significant fibo level and the npoc is only at the level of 0.618 so for now I still see a lot of space here and not quite right set up confirmation.
Scenario GBPCAD update levels 11.12.24.There is a lot of liquidity left in this market, so the correction was much larger than could be expected, but I still think that if the market maintains the level of support, which is located at the price level of 1.80700-1.80500, then a short set up is possible, there are many levels below us where it is possible that we should see for now but still waiting.
DXY closing the yearly candle with bullish intentWe await to see what the DXY wants to do.
Will it respect the bearish array and seek to complete it's sellside rebalance?
Or will it seek further buyside clearing of old inefficient range above from the yearly chart?
I believe the new year candle will seek the high of the current candle closing. We will have some time to see this play out.
Dollar Index (DXY): One More Bullish Movement
Yesterday, I predicted a nice pullback on Dollar Index.
It looks like today, we have one more.
The price testing a key intraday/daily horizontal support
and formed a double bottom on that.
Bullish violation of its neckline may push the market higher.
Goal - 107.1
❤️Please, support my work with like, thank you!❤️
$AMD Forms Another Double Bottom – Will History Repeat Itself?I wanted to share an interesting setup I’ve noticed on NASDAQ:AMD daily chart. The stock just completed what looks like a classic double bottom pattern—something it’s done before with impressive results.
What I’m Seeing:
Double Bottom Revisited:
We can see that AMD has formed another “W” shaped bottom, where price tested a support zone twice and successfully bounced.
Historical Precedent:
The last time AMD completed a double bottom, the subsequent breakout and follow-through rally were significant. After the neckline breakout, price continued to move higher, rewarding patient traders and confirming the pattern’s bullish nature.
Volume & Confirmation:
It’s worth looking closely at volume to confirm the pattern. In many textbook double bottoms, volume often increases on the breakout, signaling that buyers are stepping in. If we see heavier trading volumes as AMD breaks through the neckline, it could be an indication that a similar move might unfold.
Potential Price Target:
A common way to project a double bottom target is to measure the height of the “W” and add it to the breakout point. If this pattern performs similarly to the last one, we could see a significant upside move. Of course, there are no guarantees, but patterns like these give traders a framework to manage risk and set objectives.
What to Watch For:
Neckline Break: A clean move above the neckline (resistance area) would be a key bullish signal.
Volume Expansion: Higher volume on the breakout adds conviction.
Market Conditions: Broader market health and sentiment can affect whether the pattern plays out as expected.
AMD has shown us before that this pattern can precede major rallies. As always, manage your risk appropriately—no matter how promising a setup looks, it’s wise to confirm with price action and volume before jumping in.
TELO 4hr 3:1 R/R4hr HBD developing on MACD nice double bottom structure with textbook retest of the neckline. Price reclaimed and defended $4.80. Nice bullish reversal pattern (maybe japanese candlestick reversal pattern??) above the S/R zone. Easy 3:1 R/R set-up, we will see what happens, NFA.
GOLD (XAUUSD): Is Bullish Continuation Confirmed?After a recent pullback, gold has retested a key structure that was previously broken.
Two strong bearish signals have emerged: the price has dropped below the neckline of a double top pattern and the resistance line of a bearish flag formation.
These breakdowns indicate a high probability of a continued bearish trend, with the market likely targeting the 2646 level next, followed by support at 2637.
Cardano - Starting The 10x Parabolic Rally!Cardano ( CRYPTO:ADAUSD ) is perfectly following the break and retest:
Click chart above to see the detailed analysis👆🏻
With an incredible +200% pump in November, Cardano is finally coming back to life after creating the bullish double bottom break and retest just a couple of months ago. Looking at previous cycles, this seems to be just the beginning of another +3.000 rally.
Levels to watch: $3.0, $10.0
Keep your long term vision,
Philip (BasicTrading)
GOLD (XAUUSD): Bullish Continuation Confirmed?!Following a recent downturn, gold has retraced to a significant structure that was recently breached.
I've identified two strong bearish signals after its test: the price broke below the neckline of a double top formation and also fell below a resistance line associated with a bearish flag pattern.
These breakouts suggest a strong likelihood of a continued bearish trend.
It is highly likely that the market will keep declining, reaching the 2646 level shortly, followed by the 2637 support level.
A quick gain of 4% on Gold Trade can be entered at the breakout of neckline around 2625.4 for the TP of 2521.7 with a Stop loss of 2728
PEPSI to $182 - Up to 14% ROI PossibleNASDAQ:PEP stock is currently trading at a discount to its fair value. That's why traders and investors should have a look at this bluechip, especially given its low beta statistic. Of course, macroeconomic uncertainties, such as the University of Michigan's latest consumer sentiment survey (which projects inflation to rise to 2.90% from 2.60% next year), could have an impact on consumer spending, which could squeeze margins. Nevertheless, given the undervaluation, Pepsi has a safety net for things like that under current circumstances.
When looking at the technical analysis we can se a big support zone at $158, where we are currently residing. The stock bounced multiple times from this zone in the past and could certainly do so again. Given the double bottom we have a good opportunity to get in the trade right now. Target one would be the descending trend line at $172 and target two would be the resistance zone at $183. That would give us a ROI of up to 14.24% in total. Closing below $156 on the daily would invalidate the trading idea.
Target Zones
$172.00
$183.00
Support Zones
$156.00
GBPUSD: Pullback From Key SupportThere is a strong likelihood that 📈GBPUSD will retrace from an important horizontal level seen on the daily and intraday charts.
After testing this level, I spotted solid confirmation through a double bottom formation and a breakout of its neckline.
I anticipate a bullish movement targeting at least 1.2664.
GBPUSD: Classic Long From Support 🇬🇧🇺🇸
GBPUSD may pull back from a key daily horizontal support.
As a confirmation, I see a confirmed bullish breakout of a neckline
of a double bottom pattern on an hourly.
Goal - 1.2664
❤️Please, support my work with like, thank you!❤️
POV: ULTRACEMCO - Edge of Channel BreakoutPOV: ULTRACEMCO - Edge of Channel Breakout
1️⃣ Channel Formation:
The stock has been trading in a range of ~12–14%, forming a channel. The top of the channel has been tested 4 times, confirming it as a strong resistance zone.
2️⃣ Last Leg Setup:
The last leg started with:
- A double bottom pattern.
- Divergence indicating reversal.
- A bounce back after taking support at the 200 SMA.
3️⃣ Consolidation:
After reaching the top of the channel, the stock is consolidating instead of pulling back—a positive sign for a potential breakout.
4️⃣ Flag Pattern:
The 5-day consolidation appears to be forming a **flag pattern**, adding to the bullish sentiment.
5️⃣ Concerns:
- Volume is around the average, lacking the confirmation of a spike.
- Entry is set slightly above for safety due to range expansion, which is nearly 100 points away.
Disclaimer:
For educational purposes only, not financial advice.
#NiVYAMi
APT weekly chartOn track towards 20$ and still in trend. Forming a double bottom in the weekly chart, trying to break down the uptrend line but the support in the uptrend is still quite strong.
Unitedhealth Stock Qoute | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Unitedhealth Stock Qoute
- Double Formation
* 550.00 USD | Trend LIne Survey | Subdivision 1
* Retracement | Uptrend Bias | Main Entry At 485.00 USD
- Triple Formation
* Pattern Confirmation & Neckline Conditions Valid
* 495.00 USD Trend Line Survey | Subdivision 2
* Flag Pattern & Top / Bottom Structure | 50% Retracement | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
EURUSD LONG IDEAEU, expecting to fill inefficiency while going back to that ChOch, the tp is going to be around the OB in the lower TFs, SL will be subjective to your account balance but preferrably the last low, lets stalk the market ....NB , this is not financial advice , simply an analysis, am not responsible to how you choose to use this knowledge
Snap target to $10.50 levelWe are observing a clear top down chart pattern, and it seems like a safe option to initiate a short trade with a potential target of $10.50.
This level is very important, as the stock may touch it and then rise up. Therefore, take profits on the short position once we reach the key level of $10.50.
*BA UPDATE* 2 weeks into the trade (21MAR24 200C) Original Chart
STATUS UPDATE: If you got into the $200-205 C EXP 21MAR25 on 02DEC2024 you're probably sitting at around 65%-75% in the green. BA has moved roughly 40 points since its most recent low $137.03 on 15NOV2024, and roughly 15 points since we entered on 02DEC2024.
I suspect we keep that same trajectory for the next 30 days and that will take us to our target with 2 months to spare. Alot of good catalyst have come out recently surrounding BA's production and employee strike settlements. We may have another pop here this week coming up due to potential FED rate cuts, sending us even closer to our target of $200 per share by 21MAR24. Upon looking at the charts I noticed BA actually formed more of a triple bottom which is even more bullish than a double bottom.
The neckline break of around the $265 area could run us up into the $320 area, once the options chain opens up deeper in price I will take a look at calls deeper OTM. I have found major monthly resistance at the $320 area so if you decide to diamond hands through the break our next trajectory will take us into the $380 area. At the point I would be all out when price starts to enter Monthly supply from $384-447 expect a major rejection off this area and DONT BE A BAG HOLDER.....
- I got caught bag holding PLTR after making good money on them the week before. Keep in mind were looking to make money on BA all year. Keep your eye on the prize, as I hop into more calls in the future I will inform you all of the strike price, Date of EXP and entry price
P.S. dont get caught up in the little intra day moves and little losses here and there, "When in doubt, Zoom out"
