ALBRK - 7 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
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Rectangle
Bearish Pennant on NZD/USD @ D1A bearish pennant is visible on this NZD/USD daily chart. If the pair closes significantly below the pennant's lower border, it might signal a continuation of the preceding downtrend. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.56726), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.54873), it is placed at the pole's length below the stop-loss. I will wait for the price to close well below the lower border of the pennant area to enter a short position.
Technical Analysis on Advent Technologies Holdings (ADN)The chart for ADN clearly illustrates its performance: a rapid surge at the end of 2020, followed by a consistent decline from 2021, leading to a 99% drop in value.
After reaching its lows around $1.70, the stock entered a sideways consolidation phase that lasted several months. It then staged a strong recovery with a gap away and a breakout of the descending trendline.
Currently, the stock is in a compression phase, forming a Triangle pattern, with converging highs and lows.
Bullish Scenario
In a bullish scenario, a breakout above the triangle is required, ideally accompanied by an increase in trading volumes.
The Volume Profile indicates the absence of significant resistance levels that could hinder the upward movement.
Bearish Scenario
In a bearish scenario, the stock would need to break below the triangle. However, the Volume Profile highlights a high-volume node represented by the rectangle, which also contains the POC (Point of Control).
Before a sustained decline can occur, the stock would need to breach this strong support zone.
CRUDE OIL (WTI): Strong Bullish Signal
Crude Oil was in a deep consolidation since October.
The market was stuck within a huge horizontal range on a daily.
With the market opening after holidays, Oil looks strongly bullish.
A breakout of a resistance line of the range, indicates the completion
of a bullish accumulation.
It opens a potential for more growth.
Next resistance on focus is 75.55
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VBL: A Multibagger ready to break Key Resistance LevelTechnical Pattern :: Inverted Head & Shoulder
Key Resistance :: 660 has become a crucial resistance which it is not able to break and sustain.
It is again approaching the same level.
Possibility and Possible Move :: If this time is sustains (Successful Breakout and a retracement) then It can continue it's log time trend. (Bullish --> confirmed by a Pole and Flag pattern on weekly and monthly chart)
EICHERMOT - 8 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
═════════════════════════════
Breakout in Eicher MotorStock has been in accumulation phase from 6 months.
Today is a good breakout with huge volume and some news for overall sector.
Shares of Royal Enfield-maker Eicher Motors rose over 6% on January 2 as the company reported 25% jump in motorcycle sales in December.
In a stock exchange filing, the company said its total motorcycle sales in December rose 25% to 79,466 units as against 63,387 units in the year-ago period.
The company's international business outperformed by rising 90% to 11,575 units.
Above paragraph is borrowed from news portal.
Strategy would be to wait for PULLBACK and let price retrace back to 5150 and then buy, now since price have moved away reward to risk ratio is not favorable.
Breakout in Eicher MotorStock has been in accumulation phase from 6 months.
Today is a good breakout with huge volume and some news for overall sector.
Shares of Royal Enfield-maker Eicher Motors rose over 6% on January 2 as the company reported 25% jump in motorcycle sales in December.
In a stock exchange filing, the company said its total motorcycle sales in December rose 25% to 79,466 units as against 63,387 units in the year-ago period.
The company's international business outperformed by rising 90% to 11,575 units.
Above paragraph is borrowed from news portal.
Strategy would be to wait for PULLBACK and let price retrace back to 5150 and then buy, now since price have moved away reward to risk ratio is not favorable.
Bitcoin - Ultimate profit target in 2025 (sell here!)Bitcoin is in a final stage of its bullish cycle! The major impulse Elliott Wave is almost finished. What you really want to focus on is this long term 2017 -> 2021 trendline. When bitcoin touches this trendline (make sure you setup an alert in tradingview), it's definitely time to sell and run away!
It's not only the trendline that is a strong resistance; it's also the Fibonacci extension (1.618 FIB). While a trendline is a dynamic resistance, moving together with price, fibonacci is a static resistance with a fixed level. Our fibonacci level is exactly at 122,069 USDT. I know there will be moon boys predicting 200k or 300k in 2025, but this is pretty much impossible. The market cap of Bitcoin is already relatively high, as you can see in the picture below.
After you sell your Bitcoin, wait for a significant correction (bear market). I expect this bear market to be in years 2025 - 2026. From the Elliott Wave perspective, wave (4) is always a strong support and liquidity point for whales. Bitcoin's wave (4) is at 49k. So we can find support at around 50k - 65k.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
GOLD (XAUUSD): Bearish Outlook For Next Week Explained
Gold closed this week, retesting a recently broken
significant daily horizontal support - a lower boundary
of a wide trading range.
With a high probability, the price will drop from the underlined zone
all the way down to 2563 - the next important structure.
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GOLD (XAUUSD): Intraday Bearish Bias
Gold nicely retested a recently broken key daily horizontal support.
After its test, I see very intraday bearish price action with
a confirmed local Change of Character CHoCH.
The price will most likely drop lower at least to 2585.
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USDCHF: Bullish Move Confirmed 🇺🇸🇨🇭
It looks like a local correctional movement is over on USDCHF
and the pair is returning to a bullish trend.
The release of the today's US fundamentals made the pair
violate a resistance line of a narrow consolidation range on an hourly.
The price will most likely go up to 0.9007 level.
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GOLD (XAUUSD): Massive Breakout
FED rate decision and FOMC made Gold very bearish yesterday.
The price violated a support line of a wide horizontal range on a daily.
Its breakout signifies a strong bearish pressure.
It opens a potential for more price depreciation.
Next support - 2563
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Gold Wave Analysis 18 December 2024
- Gold under bearish pressure
- Likely to fall to support level 2555.00
Gold under the bearish pressure after the earlier breakout of the key support level 2617,00 (which is the lower border of the sideways price range inside which the price has been trading from November).
The breakout of the support level 2617,00 stopped the earlier impulse wave 3 of the higher order impulse wave (5) from last month.
Gold can be expected to fall further to the next support level 2555.00 (which stopped the earlier medium-term correction (4) in November).
NZDUSD Wave Analysis 18 December 2024
- NZDUSD broke long-term support level 0.5770
- Likely to fall to support level 0.5500
NZDUSD currency pair earlier broke below the long-term support level 0.5770 (which acted as the lower border of the weekly sideways price range inside which the pair has been trading from the start of 2023).
The breakout of the support level 0.5770 accelerated the active impulse wave C of extended downward ABC correction (2) from last year.
NZDUSD can be expected to fall further to the next support level 0.5500 (former multiyear low from 2022 and the target price for the completion of the active impulse wave C).
GRASS BULLISH MOMENTUM!!!The GRASS/USDT chart shows a strong uptrend supported by a rising trendline (yellow) acting as dynamic support. Price is currently consolidating under a critical resistance zone (highlighted in purple), where sellers are active around 3.96 USDT. If the price holds above the trendline and breaks through this resistance, it could trigger a significant bullish move.
Using Fibonacci Extension levels, the potential upside targets are:
- 127.20% (4.88 USDT) as the first target,
- 161.80% (6.27 USDT) as the second target, and
- 261.80% (12.98 USDT) as the extended bullish target if momentum accelerates.
The rejection from the resistance combined with a 14.96% drop signals caution, but as long as the trendline holds, the bullish structure remains intact. A breakdown below the trendline, however, could shift momentum to bearish and invalidate this setup. Keep an eye on the trendline bounce for a potential breakout confirmation. 🚀 #GRASSUSDT #CryptoAnalysis #Uptrend #Trading
NZDJPY: Change of Character Confirmed?! 🇳🇿🇯🇵
NZDJPY confirms a bullish reversal on a daily.
The price violated both the resistance lines of a falling channel
and a horizontal range.
Bullish breakout of the underlined blue resistance also is a valid
Change of Character.
The market may go much higher soon.
Next resistance - 89.75
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LTC Rectangle Pattern Signals Imminent Volatility SurgeLitecoin is forming a rectangle pattern, indicating a potential $9 move depending on a bullish or bearish breakout. Given the overall bullish trend, a breakout to $124 is more likely to succeed than a breach to $115.17, as shown on the chart.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
EURGBP: Classic Breakout Trade 🇪🇺🇬🇧
EURGBP broke and closed above a key daily horizontal resistance
cluster on Friday.
Retesting the broken structure, the pair started to consolidate on that
on an hourly time frame.
A bullish violation of the consolidation is a strong bullish confirmation.
The price will most likely continue going up at least to 0.834
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POV: BHARTIARTL - Breakout of Descending Triangle PatternPOV: BHARTIARTL - Breakout of Descending Triangle Pattern
1️⃣ Breakout:
A neat and clear breakout of the **Descending Triangle Pattern**, confirmed by high volume, signals strength.
2️⃣ Trend & Momentum:
On the daily timeframe, both trend and momentum are in positive sync, adding confidence to the breakout.
3️⃣ Concerns:
- On the weekly timeframe, the trend is positive, but momentum is still improving, suggesting the journey to the target could be bumpy.
- Range expansion indicates waiting for a pullback is ideal. However, with the Point of Action (POA) around 75 points away, my plan is to:
- Take half an entry at the breakout of the current candle.
- Add the other half at the pullback level, if the opportunity arises.
Disclaimer:
For educational purposes only, not financial advice.
#NiVYAMi