CVNA had broken out of its basing formation neckline (a region between $17- $20) on 8 Jun on huge volume. It hit a high of 28.52 on 16 June before pulling back to retest near the neckline @ 20, then rebounded again from there. IT's trend is in earlys stage yet with immediate suport @ 20. However be mindful that lower priced stocks tend to have huge volatility...
Since last November, Unity had been whipped in a wide range between 24 to almost 43 at least twice and now looks to retest $43 again in the coming days (weeks). The odds of a successful break out of this range has increased with the announcement on 5th June by AAPL of it's partnership with Unity on the Apple Vision Pro. Volume was great after the annoucement...
NZDJPY has formed inverse HnS and broke through neckline. A successful retest of neckline can push the price even higher.
A number of small stocks have been rising of late and some have started to break out of their bases. ROKU has been forming a Base since late last year and began to cross above it's 200 day moving average steadily since 2nd June. It is now trading right at a basing neckline @ 75 and a break up is probably only a matter of time now. Whether the break will come...
Hello Traders👋🏻 The AUDCHF Price Reached a Resistance Level and Resistance Line (Resistance Cluster) ✔ The Price Failed To Create New Higher High📈 Currently, AUDCHF Formed a Head and Shoulders Pattern ✔ The Neckline is Broken 🔥 If Price Stays Under The Key Zone, AUDCHF Can Continue The Bearish Move 📉 ----- TARGET 1: 0.59582🎯 TARGET 2: 0.59020🎯 ___________ if you...
UPST formed a double bottom base over the last 6 months with a horizontal neckline at 26 The odds of a successful breakup has increased this time owing to the overall market strength. A daily CLOSE above could be significant as it has not been able to so for the past 6 months. Other factors increasing optimism (of a successful break in the near future) is some...
PLTR had been basing in the past 1 year and is now attempting to break out above the neckline @ 11.62. During this basing, there were some strong volume accumulation in Feb and then again in May (both times earnings inspired). A breakup on strong volume is always desirable and increased the odds of a sustainable rise, with near term target @ 14.50 (and good...
Since breaking up a base formation neckline @ 252, NFLX had began a rather choppy rise with moderately deep pullbacks. Longer term trader could place trailing stops slightly below the rising trendline for now and until such times when this trendline becomes irrelevant. This bull could have some way to go. Disclaimer: Just my 2 cents and not a trade advice....
Hello Traders👋🏻 The NZDCAD Price Reached a Supply Zone ✔️ The Price Failed To Create New Higher High and formed a Double TOP Pattern ✔️ The Neckline is Broken 🔥 If Price Stays Under The Key Zone, NZDCAD Can Continue The Bearish Move 📉 ----- TARGET 1: 0.83490🎯 TARGET 2: 0.82851🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Welcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - 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...
DUOL broke out of a base formation neckline @ 114 strongly on 2nd March this year and then did a classic retest of the neckline on 13 March, affirming that the neckline @ 114 has now become support. It then went on to hit a high of 147 before retracing all the way back down 116.82 (triggering a trailing stop loss @ 130). A bullish morning star pattern than...
Welcome back! Let me know your thoughts in the comments! ** EURCAD Analysis - 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...
FISV peaked @ 125 on Feb2020, then went into consolidation and retested this level more than a year later in Apr2021 (surpassing by HKEX:2 +). The breakup of Cup-1 failed and this time FISV went into a 2 year consolidation (forming Cup-2). It now looks ready to revist this neckline (125 - 127) in the coming weeks. I suspect the odds of a successful break up...
Hello Traders👋🏻 On The Daily Time Frame, The USDCHF Price Reached a Supply Zone (0.89761-0.89878) ✔ The Price Failed To Create New Higher High 📈 Currently, USDCHF formed a Double Top Pattern ✔ The Neckline is Broken 🔥 If Price Stays Under The Key Zone USDCHF Can Continue The Bearish Move 📉 ----- TARGET: 0.88780🎯 ___________ if you agreed with this IDEA, please...
Hello Traders👋🏻 On The Weekly Time Frame, The CHFJPY Price Reached a Major Key Level (151.071-151.494) ✔ The Price Failed To Create New Higher High 📈 Currently, CHFJPY formed a Head and Shoulders Pattern ✔ The Neckline is Broken 🔥 So, I Expect a Bearish Move 📉 ----- TARGET 1: 148.686🎯 TARGET 2: 147.700🎯 ___________ if you agreed with this IDEA, please leave a...
Hey Traders ! The USDCHF Price Reached a 0.5 FIB Level ! Currently, The Price Formed a Double Top Pattern ! The Neckline is Broken 🔥 If Price Stays Under The Key Zone, USDCHF Can Continue The Bearish move ! ----- TARGET: 0.88650🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hello Traders💖💖 The EURCHF Price Formed a Double Top Pattern ! The Neckline is Broken 🔥 so, I Expect a Bearish Move 📉 i'm waiting for a retest... ----------- TARGET: 0.97430🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
RRGB has the hallmarks of a stock that could potentially be a great winner. It broke out of it's base formation on 1st March on earnings beat with a strong breakaway gap (Breakaway gaps signify the beginning of a new trend and does not get filled in the near term). It then proceeded higher over the next few days before pulling back to the breakup level @ 10.60...