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NASDAQ 100 WCA - Rectangle Pattern Index: NASDAQ 100 Index Exchange: NASDAQ Introduction: Greetings! In today's technical analysis, we're examining the NASDAQ 100 Index on the weekly scale. Although we're not hunting for a fresh breakout, our goal here is to estimate a possible price target based on the index's recent price action and established technical patterns. Analysis: The NASDAQ 100 Index was previously in a distinct downtrend, as demonstrated by the downward-sloping blue diagonal line. This trend shifted into a consolidation phase characterized by a Rectangle pattern. The upper boundary of this Rectangle is at 12,757.70, while the lower boundary sits at 10,698.84. Each of these levels was tested twice before the price broke out to the upside on the third attempt, supported by the 200 EMA. Having witnessed a notable price increase in recent weeks, investors might be wondering where the index could potentially head next. According to the Rectangle breakout, the price target for the NASDAQ 100 stands at 14,834. This represents a potential upside of about 16.5% from the breakout point. Conclusion: For those who have yet to identify specific stocks within the NASDAQ for investment, it may not be too late. Given the recent bullish breakout from the Rectangle pattern and the calculated price target, the NASDAQ 100 Index seems to offer promising potential for continued growth. As always, remember that this analysis does not constitute financial advice, and investors should perform their own research and incorporate risk management strategies. Thank you for reading this analysis. Please like, share, and follow for more market insights. Happy trading! Best regards, Karim Subhieh
NASDAQ:NDX
by KarimSubhieh
GOLD a ''constant dance of harmony''Though gold long term bias is bullish, theres alway a rhythmic harmony between both sides. looks like gold is in a range. probable bullish continuation reversal off the demand confluence area (4hr demand zones, sell-side liquidity, order block and support) between 1957$ - 1925$. a break below this level signifies a downtrend. A retest at 1981$ - 2010$ is high probability. Future reaction is heavily dependent on upcoming economical data released from: FOMC, G7 meeting and unemployment claims. thread carefully.
OANDA:XAUUSDLong
by Pa-Niyo
PIDILITIND CONOLIDATION BREAKOUT SOON!!The price consolidating itself near demand zone from a very long time. Price respects the support level of 2240 and takes support & moved towards upside to the breakout level. If price breaks the levels of 2355 and closes than we can expect good upmove in coming days. #PIDILITIND📊 👉Keep in watchlist 👉Breakout Possible above 2855+ Close 👉Support At 2240 👉Good Consolidation near Demand Zone. 👉Above Breakout , Good move possible towards upside.✅🎯
NSE:PIDILITINDLong
by Jha_Nidhi
BATA INDIA IN TIGHT ACCUMULATION RANGEThe price trading inside tight accumulation range and now near the support level of 1380. Price formed strong base which showing price can given breakout in coming trading sessions. Price forming low risk & high reward setup. My initial targets will be 1440/1477/1522+ for the upside. Above 1455+ closing will give a massive breakout in the price and price sharply move towards the upper level. Remember this longer the range stronger the breakout. Breakdown below 1380 will leads to more fall in the price.
NSE:BATAINDIALong
by Jha_Nidhi
1
Toyota Motor Corporation DCA - Rectangle Reversal Company: Toyota Motor Corporation Ticker: 7203 Exchange: TSE Sector: Automotive Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the daily chart of Toyota Motor Corporation, focusing on a potential Rectangle reversal pattern. This pattern may indicate a change in the trend and offers trading opportunities for both short-term gains and long-term positions. Rectangle Reversal Pattern: The Rectangle pattern is a consolidation pattern that forms when the price is bounded by parallel support and resistance levels. It can act as a continuation or reversal pattern, depending on the preceding trend and the breakout direction. A breakout above the resistance level signals a potential trend reversal. Analysis: On the daily chart, Toyota Motor Corp has been in a clear downward trend, as indicated by the blue diagonal resistance line. However, the Rectangle pattern, which has four touch points at the top and five at the bottom, could potentially serve as a reversal pattern. Currently, the price is attempting to break above the 200 EMA. If a breakout occurs with a candle close above this level, the price target is ¥14550, representing a gain of approximately 7.5%. This setup could also present a good opportunity to build a longer-term position, depending on the trend opportunity and whether the Rectangle pattern truly acts as a reversal signal. Conclusion: The Toyota Motor Corp daily chart analysis highlights a Rectangle reversal pattern, signaling a potential trend reversal. Traders should closely monitor the 200 EMA for any signs of a breakout. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
TSE:7203
by KarimSubhieh
Closer look at the current S&P500 situationThis analysis shows what I am currently looking for in the market, regarding the S&P500 possible outcomes. Since my last post the bulls made a good job and prices reached the previous tops level, at a very strong resistance near 4200. But at such levels a small range is common and expected. I highlighted the zone between the orange lines, that was defined by the last top and the last bottom. I am carefully observing the movements around this small area, and I consider that the outcomes from it may lead to decisive movements. I am considering the breakout of the 4200 to be a long trade trigger, whilst the breakdown would be a short trade trigger. But while none of these cases happen I remain neutral until I can see some outcome out of this relevant resistance level. The overcoming of the 4200 zone would be the final missing confirmation of a trend reversal (from bear to bull). On the other hand, this resistance can do its job once again and hold the prices below it, keeping us in the congestion or in the bearish scenario for the next few months. It is good to note that we're close to the "sell in May" seasonality.
SP:SPX
by thessia_
1
APOLLOTYRE CONSOLIDATION BREAKOUT The stock has finally broken out towards the upside after a lengthy period of consolidation, and all signs point towards potential gains. With the momentum firmly on its side and various technical tools indicating a clear path towards higher levels, now is the time to consider jumping on board. Apollotyre has the potential to soar towards price targets of 400/450/500+ and beyond! Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
NSE:APOLLOTYRELong
by Jha_Nidhi