Stertools has been on a downtrend since 2018. The stock has made a double bottom and currently at the neck line which is very strong supply zone of 250rs-260rs which coincides with 38.2% fib level. If the stock manages to give a weekly closing above 250rs and sustains the same in the following week, we might see a big upmove in this stock. Keep this stock in radar...
PLUG bounced from the key level 18.47 5x's! The most recent bounce occurred on July 8, 2022. Previous bounces from the key level occurred on the following dates- February 24, 2022, January 31, 2022, May 11, 2021, November 9, 2020. Identified patterns include- "Double Bottom" pattern inside of a "Falling Wedge" IMO PLUG looks good for a swing to the upside....
TSLA recently broke the trendline on the daily chart. It also broke the neckline on the "Double Bottom" pattern (see the daily timeframe). Since the break of the trendline and time of the post, TSLA has moved approximately 51 points above the break. A screenshot is provided below for quick reference. Have a great weekend, MrALtrades00
The price createad a W pattern on 4h Timeframe inside an ascending channel, and now the price is testing the 4h support above the daily structure. the market could retest the W neckline How to approach it? IF and ONLY IF the price is going to lose support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure ->...
Hi Traders, Looking at Apple Stock today on the 1-hour time frame. We see a nice potential triple bottom playing out. Price has been respecting the descending trend line as well as the neckline of the triple bottom. Once the price broke out of the neckline as well as the descending trend line, we had a nice bullish volume bar to accompany it. Once the market...
Hi Traders, Looking at Netflix in the 1-hour time frame. I see an inverted head & shoulders setup. There is divergence on the MACD Histogram as well as the MA lines and currently, the price is making its way above the neck zone. We have some nice bullish volume to accompany this break and close above the neck zone. If we see a calm retrace down to the neck...
Broke above neckline on strong volume on yesterday. Expect furthe upside in the coming days with target of around 80. Initial Stop loss @ 47.95 and trail stops up when trade goes our way. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is...
OANDA:GBPUSD GBPUSD on a strong bullish uptrend. A double bottom pattern is slowly forming and should price break neckline/resistance. GBPUSD has a very high probability of being bullish for the week.
Hi Traders, Happy Wednesday! Today, I am looking at the potential double top we have playing out on AUD/USD in the 4-hour time frame. We can see that price has been in an ascending channel and following along the ascending trend line. We may have broken the trendline but we need to see full confirmation by seeing an impulsive close below the yellow neck...
Correction in progress. Retest @ neckline w/ optional TP1. Head and Shoulders in validation, highly reliable. Timeframe predicting with applyed Fibonacci spiral. 70.7% Fibonacci retracement as an average good turning point from expected micro pullback. Expecting a slowing downward. Oscillators: Fisher Transform turning point and trajectory of price action...
After hitting a high of 42.96 on 4 Feb 2021 (more than a year ago!), WKHS was on a long term decline until recently when it looked like WKHS has finally bottomed out, forming a mini inverted Head & Shoulders pattern and has since broke up decisively above this neckline yesterday. Any near term pullback is likely to be supported at the neckline @ 3.90. And when...
We may see a 50% pullback on this as we have broken a Neckline and have Bearishly Crossed on the Monthly MACD and our next nearest support is about 50% below us.
Welcome back! Here's an analysis of this pair! **GBPCAD - Due to fundamentals over Russia Ukraine tensions, expect more downside to support. 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...
Lager trend is still down despite the strong rally during the 1st half of Febuary that brought it all the way up to retest the neckline & 50 day moving average. Near Term suppoat @ 152 coming up but likely to fail. Negate bearish views if it manages to go back above the 50day moving average in the near term. Disclaimer: TA is about improving our odds of a...
15 Min Chart Pattern: Double Bottom Date: Jan 26th Time: 1:36 PM EST Neckline 1 (support): $0.1450 Neckline 2 (Resistance): $0.1530 if: Price Breaks above $0.153 - Look for a Re-test of Support (neckline 2) Then: if re-test is successful - Enter Long Price Targets: - $0.17 - $0.1780 - $0.1860 200 SMA: Currently at $0.14 Strong Support Zone: - Between $0.12...
Welcome back! Here's an analysis of this pair! ** From the daily perspective, the market has completed an "M" pattern and broken above the neckline of the pattern. We can expect a retest of the previous support before a potential rejection to the upside. Do you agree? Let us know your thoughts in the comments! Please support this idea with a LIKE if you find...
Clorox has Covid new variant as a catalyst. Has fallen the past two earnings. Inverse H&S (Head and shoulders ) on the Daily. Has not closed back below support. Entry : Here $174.00 S/L : $170-$172 TP 1 $178 TP 2 $182 TP 3 $185 TP 4 $190 TP 5 Open Like , follow and comment Happy Trading Week
Going to go down on the break of the neck line put on trail stop. :)