Many bullish patternsInverted HS, double bottom, ascending triangle, everything about to break. It might consolidate a few more days within the triangle but looks very explosive.
Invertedheadandshoulders
EURNZD LONG deep technical analysisFor this video i just wanted to go into a more deeper analysis of currency pair EUNZD and why i feel like buyers will take control. I want to see buyers push price back to 1.78 .
AUDUSD: Bullish Head and Shoulders at a 0.786 RetraceAUDUSD appears to have confirmed the potential right shoulder of a Bullish Head and Shoulders pattern after Bullishly Engulfing with Bullish Divergence at the 0.786 Fibonacci retrace. If it plays out I think AUDUSD has potential to go all the way up to the 61.8% retrace at $0.70, from there I think the bearish trade would continue.
AUDUSD - Bullish ReversalGood setup for a bullish reversal on AUDUSD. Divergence at RSI with confirmation of Inverted Head and Shoulder. Already broke the neckline and seems to go bullish when Australian session starts.
SLV: Bullish Head and Shoulders and Piercing Line on the WeeklyThere is a Bullish Inverted Head and Shoulders with a Piercing Line on the potential Right Shoulder visible on the weekly timeframe above the 800-week EMA who's measured move would take it all the way up to the 1.272 Fibonacci Extension
if the pattern plays out.
The move up in SLV should be supported by the rising of the TLT and Falling of Yields (if that trend should continue).
I will be getting the ITM Calls, expiring April 19th.
MEME/USDT 4H TFPrice retest the neckline of this invert H&D .
If BTC stay above 40000$, I believe it's very possible to reach the target .
Stay safe , use SL , good luck
Kinder Morgan: Slanted Bullish Inverted Head and ShouldersKinder Morgan is heading into earnings and currently sits above the 200-week SMA and the POC as it forms what appears to be a Bullish Inverted Head and Shoulders pattern. If these levels hold into earnings, I think KMI will have a chance at breaking out of the pattern and making its way towards the 0.618 Fibonacci retracement up at around $31.23 especially if natural gas prices continue to rise.
Get ready to Stand-up and Salute the Flag - Happiest MindsHappiest Minds is a Leader in digital transformation IT consulting & services company focusing on Big Data, Analytics Cloud, Mobility & Security for better business development.
After the IPO in Sep 2020 the stock saw a Dream Run in less than 1 year to reach a Skyhigh milestone of 1600 from a mere 300 / stock. After this its been in a consolidation mode for nearly 2+ years forming a Standout Flag Pole pattern on Monthly
Here are the Technicals behind the Amazing Bull Run Setup:
Monthly: Flag Pole BO above 960 for Target of 1600++
Weekly: There are 2 Cup and Handle patterns. One with a Cup and Parallel Channel Handle and other with a Cup and Inv H&S inside the Handle.
The completion of INv H&S pattern will enable BO of the Flag pattern to take the stock sky high again
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered
Our focus is NOT providing Buy/Sell Recommendations/calls
Primary Objective is to provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
SPELS Semiconductor about to "Spell-Out" MagicSPELS Semiconductor is one of the first stock in India venturing into the Semi-Conductor space and with the recent push for Make-in-India scheme and the Growing demand of Semi-Conductor worldwide + the Anti-China policy (China+1) adopted by many countries, India has become a Favourite Hotspot for Semi-conductor manufacturing
Let's look at the Technicals of SPELS:
Getting ready to Blast. 3 Amazing Bullish Structures
1. Monthly - Large C&H - BO above 105 WCB for target of 200++ (2x opportunity)
2. Weekly - Inv H&S - BO already done target 99
3. Daily - Flag Pole BO - Happening - buy above 80 WCB for Target of 102
Each lower timeframe BO will take to the next Higher Timeframe BO zone. Multibagger pick. already 40% up from our Recommended Levels
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered
Our focus is NOT providing Buy/Sell Recommendations/calls
Primary Objective is to provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Bank Nifty Bullish EntryBank Nifty has given a very good technical entry today to go positionally Bullish.
Flag Breakout in Daily chart and Inverted Head & Shoulder Breakout in intraday chart with a retest to touch ALL TIME HIGH!
2% Target can be easy coming in very short time.
Inverted Head & Shoulder breakoutThe stock has broken a 1.5 yr inverted H&S with 3x weekly volumes. Buy at 273 for a target of 336 in short term. Use a 1:2 risk reward.
The Next Blockbuster Film - B.A.G Films & MediaNifty Media India is on the Verge of Break out. On Monthly timeframe - There is a Beautiful Cup and Handle Structure with an embedded Inv Head and Shoulder inside the Handle
With the Media Index brimming near breakout level - some of the Media stocks are also at same situation
B.A.G Films & Media - one such stock which has recently completed a 12 Year Breakout in December and rising 62% already in just 1 week of Jan 2024.
Monthly Timeframe shows - Inverted Head & Shoulder pattern (BO done) and currently facing another Multi-year resistance. Once above 16 WCB the stock would hit a Blockbuster run to 19, 27 and finally long term target of 105
Dont miss this multi-bagger
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Lessons of Trading by News - MMTC - "Let it" or "Delist it" ???Time and again the stock market gets some knee jerk reaction from Investors based on some Hot News. But most news are shortlived and forgotten in forthcoming days.
One such interesting counter is MMTC - A PSU Mineral Trading Company with 89% stake with Govt of India.
Technical Analysis:
Monthly - Inverted Head and Shoulder pattern indicating a Multi-bagger return
Our initial position was at 61.55 levels and booked profit around 87-88 in just 1 month
The primary reason to book profits was due to a Hot News in October from Govt that they are going to De-list the company. The counter eroded all gains within same month and fell below our entry point. For next 2 months - there is no News about de-listing - no progress - and all the Hype settled down and now when I look at the charts - its back to its beauty. You won't even remember that something happened in Oct looking at the chart now.
The Original Tech pattern (Inv H&S) is still perfectly intact
MMTC is once again on the verge of Breaking Out the Inv H&S pattern.
It has to settle above 68 WCB for neckline BO confirmation
Further it also has to close above 72 WCB for resistance BO and further upside
CAUTION: New Entrants / Safe Players - please AVOID this counter. There is still no clarity on delisting process from Govt. Existing players hold for further gains and make most out of this until you see a significant reversal
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Mining thru the Miner Stock - VedantaMulti-Timeframe Analysis of Vedanta:
Decoding the Dividend Yield
Vedanta Ltd has been a Cash Cow atleast for past 2-3 years from a Dividend Perspective. More than the Stock price gain - It has provided Dividend Yield of more than 40% since 2022. A large portion of Dividend yields was being utilized to settle the Parent Company's Debt in UK. It was like a Collateral "Gains" for us - the retail investors - who also got big chunk of Dividends. I used to say in a funny way "As long as Vedanta is in Debt - I will enjoy Hefty Dividends" :) This is real and realized profits unlike the stock prices which goes up and down
Flag Pole Break Out on Monthly Chart
As you can see, VEDL has completed a Flag Pattern BO on Monthly level with huge target of 488
Multi-Bullish Patterns on Daily Chart
On the Daily - there are multiple bullish Patterns
1. Cup and Handle - BO started today
2. Inv Head & Shoulder embedded inside the Cup - Target Reached
3. While forming the Handle portion - it also completed the BO - Retest of Flag Pattern which is a Very Healthy sign
Vedanta is all set to Shine Bright & Hot in the upcoming days - especially when the Metal Index is also on BO - there is no stopping for this beauty now :) :) :)
AUDCHF AUDCHF Making Inverted Head & Shoulder If Break The Resistance Area Wait For Retest And Go Up As Planing
Potential Inverted H&S - GJHere I have GBP/JPY on the 4Hr Chart!!
Price has given us 2 Lows both returning to a very clear Resistance Area! This price action could possibly be outlining a very strong reversal known as an Inverted Head & Shoulders Chart Pattern!!
Now with the Lower Low or "Head" being followed by Higher Low or "Right Shoulder", this Price Action signifies that price no longer wants to continue Lower and wants to make HIGHER HIGHS!!
What we are waiting to see is for price to retest the "Neckline" one last time for a 3rd Touch before giving us a BULLISH BREAK to continue HIGHER!!
Strengthening my BULLISH BIAS is the Bullish Divergence on the RSI indicator showing price, after being HEAVILY Oversold Dec. 7th, wanting to reverse in the opposite direction.
Fundamentally, this week
GBP - "Clear"
JPY - "Clear"
**Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!
-Pattern Prediction-
*If Price Breaks and Closes below 179.783, Pattern INVALIDATED!
*If Price Breaks and Closes above 184.065, Pattern CONFIRMED!
**Price Action after Confirmation of Pattern will initiate my Trade Action Plan!
RUNEUSD - Inverted H&S Structure Right now I expect we will experience the right shoulder, acting as a bull trap.
The head of this inverted structure is quite spread out but there is a definite left shoulder evident.
The right shoulder finishing wave allows a big bull move, I have shown this with the bars pattern tool.
Inverted H&S pattern | Bulls in the marketDaily time frame has swing breakout and Inverted H&S pattern as well.
the Inverted H&S pattern has 1:1.69 as risk reward ratio.
Learn to identify some useful Chart patterns, Merry Christmas🎄 Unlocking the Secrets of Chart Patterns: Navigating Market Trends 📈
Season's Greetings to all our readers! As we celebrate the spirit of the holidays, let's delve into the fascinating world of financial markets. In our journey to understand and navigate the complexities of trading and investing, we've touched upon essential chart patterns that can serve as invaluable guides for market enthusiasts.
In the midst of the festive cheer, let's revisit some of these powerful indicators: the Double Bottom, Flag and Pole, Bullish Pennant, Rising Wedge, Falling Wedge, Triple Top, and Inverted Head and Shoulders. Understanding these patterns can be akin to unwrapping gifts of insight into potential market movements.
So, grab a cup of cocoa, settle into your favorite chair, and join us as we explore the significance of these chart patterns and share practical tips on incorporating stop-loss strategies to enhance your trading toolkit.
Wishing you a Merry Christmas filled with joy, warmth, and prosperous insights in the financial markets! 🎅🎁🚀
Double Bottom:
Description: Imagine a smiley face turned upside down. A double bottom is a chart pattern that looks like two rounded troughs (bottoms) next to each other.
Interpretation: Indicates a possible reversal of a downtrend. The price has tried to go down twice but failed, suggesting a potential upward movement.
Stop-Loss Tip: One can place a stop-loss slightly below the lowest point of the double bottom. If the price falls below this level, it may invalidate the pattern.
Flag and Pole:
Description: Think of a flag on a flagpole. The "pole" is a strong, quick price movement, and the "flag" is a rectangular-shaped consolidation pattern.
Interpretation: The flag and pole pattern often signals a continuation of the previous trend. The flag represents a brief pause before the price resumes its original direction.
Stop-Loss Tip: One should set a stop-loss just below the lower end of the flag. If the price drops below this level, it might suggest a reversal of the trend.
Bullish Pennant:
Description: Similar to the flag and pole but with a small symmetrical triangle (pennant) instead of a rectangle.
Interpretation: Indicates a temporary consolidation after a strong upward movement. It suggests that the bullish trend might continue after the brief pause.
Stop-Loss Tip: Place a stop-loss under the lower trendline of the pennant. A break below this line could signal a potential trend reversal.
Rising Wedge:
Description: Picture a triangle with its top side steeper than the bottom side. The price makes higher highs and higher lows but in a narrowing range, with indicator making Lower Highs (Bearish Divergences).
Interpretation: This pattern can indicate a potential reversal to the downside. It suggests that the buying interest is weakening, and the price may soon decline.
Stop-Loss Tip: Place a stop-loss just above the last price swing high of the wedge. If the price drops below this line, it may suggest a potential reversal.
Falling Wedge:
Description: Similar to the rising wedge but inverted. The top side is less steep than the bottom side.
Interpretation: Represents a potential reversal to the upside. It suggests that selling pressure is weakening, and the price may be ready to move higher.
Stop-Loss Tip: Place a stop-loss just below the last price swing low of the wedge. If the price drops below this line, it may suggest a potential reversal.
Triple Top:
Description: Visualize a horizontal line touching the tops of three consecutive peaks.
Interpretation : Indicates a possible reversal of an uptrend. The price has failed to break above a certain level three times, suggesting a potential downturn.
Stop-Loss Tip: One should set a stop-loss slightly above the highest point of the triple top. If the price rises above this level, it may negate the pattern.
Inverted Head and Shoulders:
Description: Picture three troughs, where the middle one (head) is lower than the two on either side (shoulders).
Interpretation: This pattern suggests a potential reversal from a downtrend to an uptrend. It signifies a shift in momentum from bearish to bullish.
Stop-Loss Tip: One should place a stop-loss just below the neckline (the line connecting the highs of the pattern). If the price falls below this line, it might indicate a failed reversal.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Overbought - Pull back for rocket launch to $70 in the LTNASDAQ:AFRM should def be on your watch list going into 2024. To keep my analysis simple, we can see a major inverted head and shoulder forming with an approach to the neckline after completing the head. We can see a high probability of a rejection at this neckline due to the RSI showing overbought on the daily/weekly. I wouldnt short the neckline due to the high momentum the overall markets have experienced, we can still run higher in this overbought scenario.
2 possible scenario ill look at.
Entry long on the bottom of the right shoulder with candlestick confirmation/volume with a target of the neckline.
Second, Entry long break of the neckline with volume (Can wait for retest for entry) and stop loss at the bottom of right shoulder.. target $70 with TP at $50 and $60.
Target could be reached in 1-3 months or sooner.
Not financial advise, pure speculation. Use proper risk management.
Gold Possible Buys To ComePossible buys coming, price currently displaying price action LH LL which may give us a reversal once the 3rd push LL reaches previous support level. We will see.
EURCHF - Inverted Head and ShouldersHi Traders !
On The Daily Time Frame, The EURCHF Price Reached a Support Level (0.94357 - 0.94176)
The Price Formed an Inverted Head and Shoulders Pattern.
Currently,
The Neckline is Broken.
So I Predict a Bullish Move📈.
Let's Wait for Retest...
-----------
TARGET: 0.95940🎯
Trade set-up_OFSS can give a breakout and rally 10% thereafter!The stock has been attempting to move beyond the INR4200 mark since September 2023 but its every attempt in past was met with some strong supply around the 4200-4250 zone preventing it from moving beyond.
In this ongoing tussle between the buyers and sellers in the past three months the stock made at least 3 attempts to breakout above 4200 and the very same 3 attempts of the stocks are now clearly visible on the chart as an "Inverted Head &shoulders" pattern.
The neckline of the pattern stands at the same old supply zone of 4200-4250.
On decisive close above the 4200 mark and also upon breaking out from the inverted H&S pattern the stock can rally nearly 10% towards the INR 4600 region.
CMP - 4166
SL - 4078(2.4%)
TARGET - 4600(10%)
RR - 1:4
