MPWR breaking daily resistanceReasons for bullish bias:
- Price gave ATH breakout
- Price-breaking strong resistance
- Simple DOW theory
- Entry at HH breakout plus pole breakout
- Bull flag formation
Here are the recommended trading levels:
Entry Level(CMP): 786.71
Stop Loss Level: 700.65
Take Profit Level 1: 872.77
Take Profit Level 2: 958.83
Take Profit Level 3: Open
Flag
BTC is forming flag for another dip?Heyyy traders!
Here are some thoughts on Bitcoin:
As we can see, it seems like we are forming a bearish flag 🥵. Additionally, the volumes are diverging, meaning they are falling while the price is growing. Another confirmation for a dip is that we didn’t see a buyer's reaction from the important level around 0.618, and the movement is really weak.
So, most likely, we can touch the zones of the previous support around 51k or even lower, around 48-49k.
What's your thoughts guys?
TrueFI (TRU) - 350% returnOn the above 4-day chart price action has corrected 75% since March. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Significant bullish divergence. Multiple oscillators print positive divergence with price action.
3) Bull flag break out with 350% target projection.
Is it possible price action prints lower highs? Sure.
Is it probable? no.
Ww
Type: trade
Risk: <=6%
Time to act: days
Return: 350%
US DOLLAR INDEX (DXY): Time to Short The US Dollar Index has formed a bearish pattern, breaking down from a key support level and then retesting it.
On the 4-hour chart, a bearish flag has formed, which might trigger a strong sell-off as the pair has broken below the flag's support.
This confirms a strong bearish bias, increasing the likelihood of further downside. The next targets are 104.81 and 104.59.
Voltas bullish flag pattern breakout Bullish flag pattern breakout, along with potential DEMA crossover. Strong demand zones formed as well. Likely going to be a 15-30% bullish move in the future. Stock is currently in an uptrend making higher highs and higher lows.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Consider this idea for educational purposes only.
AUDCHF: Strong Bullish Pattern 🇦🇺🇨🇭
AUDCHF formed a classic bullish trend-following pattern.
After a strong bullish rally, the price initiated a correction within
a bullish flag.
Its resistance violation is a strong trend-following signal.
I think that the pair may retest 0.607 - current local higher high soon.
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EURGBP: Bearish Trend Continues? 🇪🇺🇬🇧
EURGBP is trading in a long-term bearish trend.
After the price set a new low in June, the market
started a correctional movement within a rising wedge pattern on a daily.
Bearish breakout of the support of the wedge may signify the
resumption of a bearish trend and a highly probable bearish continuation.
The price may reach 0.8437 level soon.
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