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EURCHF ↗️ ↘️ Triple Bottom Chart Pattern Hello Everyone 🙋🏽‍♂️ As we could see at the end of the descending channel, we had 3 bottom and the most recommended movement after the triple bottom is a ascending trend, so we had two scenarios her as we could se on the chart, 1️⃣ first one is the ascending trend which is the most common move to this pattern after testing the price 0.96200 2️⃣the second one is the descending move in the rectangle which is it possible movement after the price change the channel movement 0.95800 and which I don't prefer to trade it . We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
by EMA_Trading
4
$ZOM Potent investment opportunityObserving the trading chart for this particular equity, it's evident that the security has been encapsulated in a range-bound, or "rectangular," pattern since 2018, with the central pivot point firmly established in the $0.20 vicinity. This technical analysis, combined with strategic stock purchases by the CEO and other insiders, signals a strong vote of confidence in the company's prospects. When we scrutinize the fundamentals, the recent earnings report paints an encouraging picture: a robust 43% surge in revenue, bringing it to $6.0 million, bolstered by an impressive gross margin of 67%. Additionally, the company's liquidity position remains strong, with $142.4 million on hand, providing ample financial flexibility. Given this confluence of positive signals, both from a technical and fundamental perspective, there's a compelling case to be made for this stock as a potent investment opportunity at this junction.
ZLong
by AllHart
📈 How to: Bullish Rectangle PatternThe rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. It can be successfully traded by buying at support and selling at resistance or by waiting for a breakout from the formation and using the measuring principle. 📍Understanding the Bullish Rectangle Candlestick Pattern The bullish rectangle candlestick pattern is a chart formation that appears during an uptrend when prices temporarily pause before resuming their upward movement. It represents a period of temporary equilibrium as the price moves sideways. When the price breaks out above the upper resistance level, the pattern is considered valid, and it generates a buy signal. Bullish rectangle patterns are a type of classical chart pattern that indicate a period of indecision between buyers and sellers. They are common and powerful patterns used in breakout trading. On the other hand, the bearish rectangle pattern is the opposite version of the bullish rectangle pattern and follows the same formation and rules but occurs during a bearish market trend. 💥Key Takeaways: 🔹 The rectangle pattern signifies a lack of trend as the price fluctuates between horizontal support and resistance levels. 🔹 Traders have different approaches to trading rectangles: 🔹 Some choose to trade within the rectangle, buying near the bottom and selling or shorting near the top. 🔹 Others prefer to wait for breakouts, which occur when the price moves out of the rectangle. 🔹 The rectangle pattern concludes with a breakout, marking the end of the price's sideways movement between support and resistance levels. 👤 @QuantVue 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
3
$TOTALDEFI Identifying a Rectangle Bottom PatternHello, Traders! Today, I want to share an exciting technical analysis finding on the cryptocurrency Total DeFi ( CRYPTOCAP:TOTALDEFI ). A rectangle bottom pattern has been identified, indicating the potential for a bullish move in the near future. Let's delve into the details! 📈 Ticker: CRYPTOCAP:TOTALDEFI 📅 Timeframe: Daily Chart 📊 Pattern: Rectangle Bottom 📉 Understanding the Rectangle Bottom Pattern: A rectangle bottom is a bullish chart pattern characterized by a horizontal price consolidation range. It signifies a period of consolidation before a potential bullish breakout. This pattern indicates the possibility of an upward price movement. 🔍 Identifying the Rectangle Bottom on CRYPTOCAP:TOTALDEFI : Upon analyzing the daily chart of CRYPTOCAP:TOTALDEFI , the following observations come to light: 1️⃣ Price consolidation range: CRYPTOCAP:TOTALDEFI has been trading within a horizontal range, with relatively equal highs and lows. 2️⃣ Multiple touches: The price has tested the upper and lower boundaries of the range multiple times, confirming the validity of the pattern. 3️⃣ Volume analysis: Observe increasing trading volume during the breakout phase to confirm the pattern's reliability. 📈 Price Targets and Trading Strategy: If the rectangle bottom pattern on CRYPTOCAP:TOTALDEFI plays out as anticipated, a potential bullish breakout above the upper boundary may occur, indicating a potential price appreciation. Consider the following price targets: 1️⃣ Target 1: Resistance level near $60 billion 2️⃣ Target 2: Psychological resistance near $80 billion 🛡️ Risk Management: Managing risk is crucial for successful trading. Implement the following risk management techniques: 1️⃣ Set a stop-loss order below the lower boundary to protect against unexpected price reversals. 2️⃣ Adjust position size based on your risk tolerance and overall portfolio management strategy. 🔔 Conclusion: Keep a close eye on Total DeFi ( CRYPTOCAP:TOTALDEFI ) as it continues to develop this rectangle bottom pattern. The pattern suggests the potential for a bullish breakout and subsequent price increase. However, please remember that technical analysis is not foolproof, and market conditions can change. Consider incorporating additional analysis and fundamental factors before making any trading decisions. Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a qualified financial professional before making any investment decisions. Happy Trading! 📈💰 #tradingview #technicalanalysis #rectanglebottom #bullishpotential #TOTALDEFI #cryptocurrency #chartpatterns #tradingstrategies #investing #finance #marketanalysis
CRYPTOCAP:TOTALDEFILong
by STP_MrNodeItAll
1
BNB will Continue To Fall To $180 from $345BNB buyers did a good job recovery from last year 2022 Nov dump to 180 up to the HKEX:345 resitance zone. The.only issue here is that after multiple attpemts to break this price range it Signals failure which is a strong sign of weakness and lack of interest in buyers as each thrust lacked a follow through. How ever The Month of May- June doesn't look too promising for buyers if the current sellers continue to grow then the bulls dream to 430 resistance will be destroyed Before any more attempt if the current Monthly candle remains unchanged or continue to turn more Bearish. This shows that soon the bear pattern developing according to the MT Pandora's box above a bear hit could push price further down to 316 to 180 zone if the selloff continue to increase. There will be mini-pull ups along the dump . Our swing Short Plan on BNB Remains: 📈 FUTURES TRADE SIGNAL 📈 👉 ASSET: CRYPTOCAP:BNB (BNB/USDT) 👉 ACTION: SHORT 👉 1st ENTRY PRICE:  HKEX:333 2nd ENTRY PRICE : HKEX:330 3rd Entry : $329.4 👉 STOP LOSS: HKEX:345 👉 1st TAKE PROFIT: HKEX:316 2nd TP: HKEX:299   3rd TP; HKEX:269 , 4th TP : 190 worst 56 by 2024. 👉Disclaimer: This signal is for informational purposes only and does not constitute financial advice. Crypto trading carries risk, and past performance is not a guarantee of future results. The user assumes full responsibility for any profits or losses incurred, and the signal provider is not liable for any investment decisions made based on this signal.🥰 Always come back to check on this post as we are going to keep updating this post with more entries opportunities. Kindly Like🥰 and Follow us if you enjoyed this free post.
Short
by MachiavelliTrader
2
MRVL DCA - Rectangle PatternCompany: Marvell Technology Group Ltd. Ticker: MRVL Exchange: NASDAQ Sector: Technology Introduction: Greetings, fellow traders and investors! Today, we're diving into the daily scale chart of Marvell Technology Group Ltd. (MRVL), particularly observing a potential rectangle pattern that has formed after a clear downtrend. Rectangle Pattern: The rectangle pattern typically represents a period of consolidation, where price moves within a range between parallel support and resistance levels. It can be a bullish or bearish signal, with the trend direction determined by the eventual breakout. Analysis: Marvell Technology's stock has been consolidating in a rectangle pattern for about 225 days, with the price currently above the 200 EMA. The upper boundary of this rectangle is at $49.30, while the lower boundary is at $35.67. Both these boundaries have seen two touch points each. Our focus now is on observing if the price can breach the upper boundary. As of now, Marvell Technology remains on our watchlist, showcasing potential for future movement. Should a breakout occur above the upper boundary, we could be looking at a price target of $67.87. This implies a potential price increase of roughly 27.5%. Conclusion: Marvell Technology's daily chart points towards a consolidation phase, characterized by a potential rectangle pattern. A valid breakout above the rectangle's upper boundary could set off a bullish trend, offering a promising long position opportunity. As always, please conduct your own due diligence and consider risk management strategies before making investment decisions. If you found this analysis insightful, don't hesitate to like, share, and follow for more market updates. Happy trading! Best regards, Karim Subhieh
NASDAQ:MRVL
by KarimSubhieh
AI - RisingTrend Channel [MID TERM]- AI is in a rising trend channel in the medium long term. - AI has given a positive signal from the rectangle formation by a break up through the resistance at 20.95. - Further rise to 37.88 or more is signaled. - The stock has support at 22.60 and resistance at 34.00. - Volume tops and volume bottoms correspond well with tops and bottoms in the price. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
NYSE:AILong
by wavepoint99
MU - Breakout Falling Trend Channel- MU has broken through the ceiling of a falling trend channel in the medium long term. - MU is moving within a rectangle formation between support at 59.43 and resistance at 64.83. - MU has given a positive signal from the rectangle formation by a break up through the resistance at 63.13. - The stock is testing resistance at 64.00. - Overall assessed as technically neutral for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
NASDAQ:MULong
by wavepoint99
SPY - Rising Trend Channel [MID TERM]- SPY shows strong development within a rising trend channel in the medium long term. - SPY is moving within a rectangle formation between support at 393 and resistance at 431. - A decisive break through one of these levels indicates the new direction for the stock. - SPY is approaching's resistance at 416, which may give a negative reaction. - Overall assessed as technically neutral for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
AMEX:SPYLong
by wavepoint99
woo usdt perpetual Hello fellow traders ! Greetings from team Trading The Tides woo usdt/ perp is currently at its support which was once a heavy resistance if the price breaks the support zone there will be a good RR trade , currently woo is inside a symmetrical triangle , the volume near the support is droping so i am not initiating short position , but for scalping there is a good opportunity in woo as the market is inside a rectangle on 1,5 m tf . I hope u like the idea to trade woo !
Short
by TradingTheTides
ARB Bulls are cooking, Is ARB Ready for $2 move?ARB Trading is currently trading within a rectangle range with a price range of $1.1 up to $1.6 on the chart. This pattern suggests a potential bullish continuation pattern, indicating that the current pause is temporary and an upward movement may be imminent. However, it is important to consider the possibility of a bearish reaction to the top of the box, which may create breakout pressure. Therefore, caution should be exercised as the price approaches this area, and profits should be protected by moving the stop loss up to breakeven or by using a trailing stop loss. If the bulls succeed in breaking out, the upward move will most likely continue. However, it is important to remain open-minded, as anything can happen at any time. 👉 ASSET: ARB(ARB/USDT) 👉 ACTION: BUY 👉 1st ENTRY PRICE: $1.1979 👉 STOP LOSS: $1.09 👉 1st TAKE PROFIT: $1.6 2nd TAKE PROFIT: $2.17 💰 RISK MANAGEMENT: I strongly recommend the use of stop loss, you can use the $1.09 to limit potential losses in case the trade goes against us as ranges are unpredictable. We also suggest taking profits as price approach $1.6 to lock in gains. before hitting TA at HKEX:2 range incase the bears get weak on reaction to the box Support 🚨 DISCLAIMER: This is not financial advice. Please do your own research before making any trades. We are not responsible for any losses that may occur from following this trade signal.
Long
by MachiavelliTrader
GBPUSDBULLISH Rectangle Chart Patterns A rectangle is a chart pattern formed when the price is bounded by parallel support and resistance levels. A rectangle exhibits a period of consolidation or indecision between buyers and sellers as they take turns throwing punches but neither has dominated. The price will “test” the support and resistance levels several times before eventually breaking out. From there, the price could trend in the direction of the breakout, whether it is to the upside or downside.
by aboalreesh
1
KHC: WARREN BUFFET'S HOLDING BREAKOUTKHC (Kraft Heinz): I like the risk vs reward on the daily chart as it broke the neckline of an inverted head and shoulders and has just come to retest the breakout spot. Good enough for a long swing trade for me. Target of the inverted head and shoulders is in the 45 zone. If you look at the weekly chart, you'll see a nice rectangle range between 32.65 and 44.65. We're now in the middle of that range so if the inverted head and shoulders plays out we could reach the top of the rectangle. Stop at 38.2. Trade safe!
NASDAQ:KHCLong
by Elpidaldo
HD: RECTANGLE PATTERN AND FULL TECHNICAL ANALYSISHD ( HOME DEPOT ): Consumer Cyclical - Home Improvement Retail. Home Depot is included in the Down Jones Industrial Average. My technical analysis on the stock: The current downtrend took the stock 37% of its all time high of January 2022. On June 23, HD initiated a strong bounce to $333 off the $265 level. On August 17, HD initiated a huge drop back to 265, to bounce back again to the 330 zone where we currently are. The stock is currently down 22% off its all time high. Is this a buy? No one knows, but let's look at technical analysis to help us make a decision. As we see from the chart, the 265-269 zone is acting as a strong support while the 328-333 zone is acting as a strong resistance. All of the above has created a nice range in the shape of a rectangle. A rectangle is formed when the price is confined to moving between the two horizontal levels, creating a rectangle. The pattern can indicate a few things: - that the downtrend has paused and the stock is now consolidating before a continuation down. So back at the bottom of the rectangle and break down. - that the downtrend has stopped and we're looking at a change of trend. Kind of bottoming pattern. So basically it can keep ranging for a while and break to the upside OR break to the upside in the next few days. The rectangle ends when there is a breakout, and the price moves out of the rectangle. Considering the above there are several ways to trade it: 1. If you think the price will keep consolidating within the range, you can short the stock at the top of the range . Your target is the bottom of the rectangle, with a stop just above the rectangle. 2. if you have a more bullish view, you can wait for a breakout off the rectangle and go long the stock , with a stop below the top line of the rectangle. All targets are mentioned on the chart (blue lines). Rectangle ultimate target being $400. I'm leaning slightly bullish here because moving averages have started to rise, and I like the triple bottom, but who knows. Whatever your opinion is, best is to manage your risk. Trade safe.
NYSE:HD
by Elpidaldo
2