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Supportandresistancezones

Buy GBP/NZD BreakoutThe GBP/NZD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2.1480 Target Levels: 1st Resistance – 2.1600 2nd Resistance – 2.1675 Stop-Loss: To manage risk, place a stop-loss order below 2.1385. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
6
Bullish Butterfly EURUSD DailyLooks like EURUSD is forming a Bullish Butterfly pattern as the Dollar strengthens across most pairs. I'm looking for the pair to continue decline into support around 1.0575-1.0675, consolidate and possibly dead cat bounce before proceeding towards the 1.05 range. I'm also looking for the 14-period RSI to enter oversold territory during this time, which I project may go through the end of November. I'm currently already short, having racked up ~300 pips. My current stop loss is about 150 pips trailing.
by thetradeWELL
EUR-USDThis EUR/USD chart shows a recent decline after reaching a resistance level around 1.12137, forming a double-top pattern that suggests a trend reversal. The price has since dropped sharply and is approaching a significant "Order Blocker" zone between 1.07515 and 1.08022, where institutional buying may occur. If the price holds in this area, a potential bounce toward the 50% retracement level near 1.1000 could happen, indicating a bullish correction. However, if the price breaks below this zone, further bearish momentum could push it toward the next support at 1.0715. In summary, the market is currently bearish, but the reaction at the "Order Blocker" will determine whether a reversal or further decline is likely. Traders should monitor this key zone closely.
Long
by Dhareja
6
Sell ETH/USDT Channel BreakoutThe ETH/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2620, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2488 2nd Support – 2410 Stop-Loss: To manage risk, place a stop-loss order above 2700. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
1
Nike - Catch this reversal!NYSE:NKE continues its overall uptrend despite the recent drop of -60% to the downside. All you need in order to catch the reversal of the decade is simply one line: a support trendline. Nike is currently approaching a support trendline, which has been sending prices higher for the past 30 years. Just this fact alone makes me believe that we will see (much) higher prices on Nike over the next couple of weeks and months, but we still need bullish confirmation first! Levels to watch: $70 Keep your long term vision, Philip - BasicTrading
NYSE:NKELong
by basictradingtv
18
Technical Analysis of Digital Turbine (APPS)Looking at the stock's (APPS) historical performance, we can see a long lateral phase that lasted about 10 years. It broke out of this sideways trend with a strong bullish rally, reaching a peak of around $100. After that, the uptrend ended, and a downward phase began, following the formation of a Double Top technical pattern. The downtrend appears to have stopped near a support zone. When zooming in with a lower timeframe, we notice that the downtrend halted around this area. The stock broke a descending trendline and formed a bullish Head and Shoulders pattern. The neckline was broken with strength, accompanied by a substantial increase in volume, coinciding with the release of earnings and revenue reports. After the strong rally, the stock retraced and is now sitting at the Point of Control (POC) of a key volume area, which considers the entire history of the stock. Bullish Scenario The stock seems to be in a rebound phase after touching the POC. A continued upward movement could target the $7 area, which aligns with another significant volume area. Bearish Scenario If the POC area fails to hold, one could consider entering at the $1 level, which corresponds to a support area. Note of Caution: The stock has experienced a massive loss over three years, dropping from $100 to around $1.50. Therefore, it’s crucial to proceed with caution when evaluating this stock.
NASDAQ:APPS
by Giovanni_Bandini
2
Along position on XAUUSD on the 15mn chartAs you can see from the chart.I'm on a long position on goal.4X.I'm setting setting My target at 2689.In making my my.Stop loss.My stop loss at At 2662 and.Sitting on my hands and.I I saw, I saw that, I saw that the market started correcting and making a move downward, but that was just a correction. That's a normal.A normal.Process in the market.Whenever there is a move upward or downward, the market should have some kind of rest and then.Retain its original direction. Here we are having a move upward and we're waiting to reach our target.You have to be patient and sit on your hands, do not panic after making your setups and everything, uh, do not try to close your position earlier so that you miss the opportunity to make money on the market.So let's wait and see what's gonna happen. There is a high probability that the market is going to hit our target. Once it hits the target, we might see some reversal.To the downside because.The goal has reached all time high record and there will be probably a move downward and if you want to take another trade, a short trade, you may take that. But.Make your target.To the next level, then you can see on a chart.All right, go log everyone and let's make money together.
OANDA:XAUUSDLong
by YMtradingsystem
MANYAVAR: Analyzing Potential Bullish Reversal, Festive DemandNSE:MANYAVAR : Analyzing Potential Bullish Reversal Amidst Festive Demand Surge Current Price: ₹1337 Date: 16 October 2024 In the dynamic landscape of the retail market, MANYAVAR is currently navigating a pivotal phase, with signs indicating a possible bullish turnaround. As the festive season unfolds, characterized by heightened consumer activity due to significant celebrations like Karwa Chauth and Diwali, this analysis provides a comprehensive outlook on key support and resistance levels that could influence trading strategies. Key Technical Levels: Support Levels: ₹1305: A significant psychological support level. A decisive move below this could trigger bearish sentiment and signal increased selling pressure. ₹1316: This level serves as a secondary support. Maintaining prices above this threshold is vital for sustaining bullish momentum. ₹1336: Currently serving as immediate support, this level is crucial for determining short-term price action and trader sentiment. Resistance Levels: ₹1346: The first major resistance level. A breakout above this price point could catalyze bullish sentiment and attract momentum traders. ₹1357: An additional resistance zone. Close monitoring of price reactions here will be essential to confirm a potential uptrend. ₹1376: Further up the chart, this level is critical for the validation of sustained bullish momentum. ₹1427, ₹1466, ₹1496: Long-term resistance levels that, if breached, could signify a strong bullish phase and draw in significant institutional interest. Breakout Zone: The pivotal breakout zone lies between ₹1346 and ₹1357. A robust close above ₹1357 may set off a chain reaction of buying activity, propelling the stock towards higher resistance levels and potentially unlocking significant upside. Market Sentiment and Context: The approach of the festive season presents a unique opportunity for retail stocks, particularly in the ethnic wear segment. With consumer spending historically surging during this period, demand for jewelry and traditional attire is expected to increase. This favorable market environment positions MANYAVAR well to capitalize on the seasonal uptick in consumer behavior. Strategic Outlook: Given the current price action and the backdrop of impending festive demand, traders should closely observe key support and resistance levels to refine entry and exit strategies. A careful assessment of price movements around these thresholds will be critical for identifying potential bullish opportunities. Conclusion: MANYAVAR stands at a crucial crossroads that may lead to a bullish reversal, particularly as market conditions favor increased retail activity during the festive season. By monitoring key technical levels and market sentiment, traders can position themselves effectively to leverage potential price movements. Disclaimer: I am not a SEBI Registered Research Analyst (RA). This analysis is for educational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making any trading decisions.
NSE:MANYAVARLong
by Fight_Bulls_vs_Bear
Gold OutlookAs i told in my previous anylisis gold will break its Resistance level and after a retest it will retouch its previous ATH, so exactly gold has broken its Resistance level above, and going to test it 💪, if price sustains over the Resistance and Resistance becomes Support , it will be a potential buy another confluence for being Bullish is we have observed a 1H Bullish morobozou Momentum candle, and price is above its high which is not yet broken , if price Hits its low (not high) then we will be thinking 🤔 about being bearish, another confluence is 50 SMA which also tells us price is in buy Mode on Monthly to weekly to daily to H4 to H1 timeframe, so after seeing these many confluences we will remain bullish on Gold until next move to either side
OANDA:XAUUSDLong
by Wakeel_Saab
Sell EUR/CHF BreakoutThe EUR/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9385 Target Levels: 1st Support – 0.9350 2nd Support – 0.9330 Stop-Loss: To manage risk, place a stop-loss order above 0.9410. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
6
AUDUSD sellI was bullish in AUD USD last week but as i have observed the chart technically i am expecting a bearish move over the pair, AUD vs US dollar has made a move downward 👇 this week as far technical data is concerned the pair has made a falling wedge pattern a downward move is expected other confluence is 50 SMA , price is moving under the SMA which is another confluence for the price to be bearish we have observed the pair from Monthly to Weekly to Daily to H4 to H1 price is in bearish trend 📉
Short
by Wakeel_Saab
EURUSD sellPreviously i was totally buy baised but now as i have observed the pair from weekly to daily to 4H to 1H we are seeing a downward 👇 move in the pair also the confluence is 50 SMA which is above the price also we have a support level down there at 1.0884 price level if price breaks below 👇 we will see a heavy downside move in the pair also the confluence is from H4 to H1 we are experiencing a falling wedge pattern which indicates price will soon fall after break below
Short
by Wakeel_Saab
SWING IDEA - MANAKSTEELNSE:MANAKSTEEL 's stock price has been consolidating around the 50 resistance level for approximately two years. Following multiple tests, the stock finally broke out above this level in January 2024 and has since established it as a key support. The stock subsequently surged to a peak of 107, representing a 114% increase. However, it then experienced a sharp correction, plummeting 50% to revisit the 50 support level. This pivotal point, formerly a resistance, has now become a robust support. Currently, MANAKSTEEL is exhibiting an upward momentum, poised to retest its swing high at 107. The weekly MACD crossover, occurring after the establishment of support at 50, indicates a bullish trend reversal. KEY OBSERVATIONS: - Two-year resistance level of 50 broken in January 2024 - Stock surged 114% to 107 before correcting 50% - 50 level now serves as robust support - Weekly MACD crossover indicates bullish momentum - Upward momentum poised to retest swing high at 107 RECOMMENDATION: Based on this technical analysis, I would recommend holding MANAKSTEEL for a Long Term horizon. This could potentially yield: - 50% returns from the current price (as of writing) - 99% returns from the support point (50) This analysis highlights a compelling buying opportunity in MANAKSTEEL, driven by its breakout and momentum reversal. IMPORTANT NOTE: Investors should be aware of an unfilled gap between 60 and 60.25, which remains open. There is a possibility that the stock may revisit this level in the near future before resuming its upward momentum towards the swing high at 107. This potential pullback should be monitored closely, and investors may consider adjusting their strategies accordingly. DISCLAIMER: This IDEA is for informational/educational purposes only and should not be considered as investment advice. The analysis presented is based on technical indicators and historical data but does not guarantee future performance. Please conduct thorough research based on financial goals and risk tolerance, and consult with a financial advisor before making any investment decisions.
NSE:MANAKSTEELLong
by thepranam
Sell EUR/USD Strong DollarThe EUR/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0937, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0885 2nd Support – 1.0860 Stop-Loss: To manage risk, place a stop-loss order above 1.0960. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
8
Testing the Support Level. One to Zero. FX:HKG33 Testing at strong support level at ¬20240 if it breached, the index is going to test 19753. Hi ya! How is everyone looking at Hang Seng Index and its performance last week? From the 1h chart with MACD movement, seems the mometum is weakening, both index and indicator are in bearish crossover. As mentioned in previous post, we prefer to see the index climbing up the staircase slow and steady which is more sustainable. Nonetheless, for shorter tf swing trade continue to short. Manage position size and the bearish mode expecting to continue at least for this week. Enter short position where tf 1m,5m,15m diverge and using JD line for confirmation of bearish momentum. As you can see from the D chart, the movement and the momentum has been declining and we can see the MACD and signal line is crossing down. You may check other shorter tf 12h - 30m at point of writing ; the index and indicator are below the zero level. With expectations of more stimulus from gov ; the investors still hesitate to take further position with the recent disappointment. Sell the news, buy the dip! This pull back is healthy. With longer tf W chart the index is on the uptrend, time is all we need. Continue to monitor and set SL for all position. Happy trading everyone!
FX:HKG33Short
by ChenQianYu
QQQ: A Rally Towards the ATH!Daily Chart (Left): Resistance at $503.52: The price is approaching a key resistance zone around $503.52, the ATH, which may serve as a potential reversal area. A breakout above this could signal more bullish momentum. Support at $493.15: There is immediate support at $493.15, where price action has consolidated briefly. This level might act as a pivot zone, where buyers could step in if there’s a pullback. Momentum: The price is above the 21-day EMA, which is rising, indicating the trend is currently bullish. Buyers seem to be in control, and the price action has been making higher highs and higher lows. Weekly Chart (Right): Ascending Channel: The price has been trending upward within a well-defined ascending channel. The mid-point of this channel, around $493, has acted as resistance in recent weeks. Next Resistance: The upper boundary of the channel, which is above the resistance at $503.52, could offer significant resistance. This suggests that QQQ could renew its ATH if this bullish momentum persists. Overall Trend: The weekly trend remains strong, with the 21-week EMA providing dynamic support, reinforcing the overall bullish bias. Conclusion: The price is currently bullish but nearing key resistance at $503.52. Traders should be cautious around this level for potential profit-taking or reversal signals. If the price manages to break above $503.52, the next leg up in the bullish trend could begin. Conversely, if the QQQ loses the $493 support, it could materialize a sharper correction to the 21-day EMA, or even to tthe $477 in the mid-term. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
1
NIO: Losing a Critical Support Level!Daily Chart (Left): Resistance at $6.05: The price lost the $6.05 level, which was previously acting as support along with the 21-day EMA. This rejection led to the current bearish momentum. Support Level at $4.97: After failing to hold $6.05, the stock is likely to retest the $4.97 support level. A break below this could signal further downside momentum. Downward Momentum: The 21-day EMA is curving downward, suggesting increased selling pressure. The bearish candle confirms a rejection from the $6.05 level, indicating a potential continuation to the downside. Weekly Chart (Right): Double Bottom at $3.61: On the weekly chart, there is a clearly defined double bottom formation near $3.61. This level served as strong support in the past, and the stock has bounced from this area. Failure to Hold $7.71: The weekly chart shows a failure to hold the breakout above $7.71, which has led to a sharp pullback. The 21-week EMA is acting as dynamic support, and the stock is now trending downward, seeking this key poínt - which is very close to the $4.97 support observed on the daily chart. Summary: NIO appears to be in a bearish phase, especially after the rejection at $6.05. The next key level to watch is the $4.97 support on the daily chart, near the 21-week EMA. If this level fails to hold, there could be a continuation down towards the $3.61 level, where the double bottom pattern on the weekly chart provides a stronger support zone. If the stock can find support and bounce from these lower levels, wwe could see another buying opportunity, but for now, the sentiment is clearly bearish. NIO would have tto react quickly, closing above the $6.05 resistancce in order to reject this bearish thesis. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NYSE:NIO
by Nathan_The_Finance_Hydra
4
ARTY/USDT Time to BuyArtyfact (ARTY) stands out as an AI-driven gaming metaverse that merges cutting-edge game technologies with blockchain and GameFi modes. This platform allows users to engage in AAA GameFi games, earn ARTY, and trade game assets as NFTs. Technical Analysis : The ARTY/USDT pair on the Daily timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triple Bottom Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming Days. Price Breakout the Trendline and Retesting in Support Zone. Its Time to Buy ARTY. Fundamental Updates : 1. Market capitalization of Artyfact (ARTY) is $8,561,852 and is ranked #1540 on CoinGecko today and 21 Million tokens are tradable on the market today. The trading volume of Artyfact (ARTY) is $807,002 in the last 24 hours. 2. The token is available for trading on exchanges such as Bybit, OKX, Bitget and BitMart, reflecting its growing popularity. 3. The launch of the Artyfact Telegram App, Artyfact Beta, Play-and -Earn Tournament and other big upcoming events will boost AMEX:ARTY ’s price. Here’s what’s coming soon: Artyfact Beta Launch , Beta Playtest , Creator Contest, Play-and-Earn Leaderboard Tournament, Metaverse Event and more The upcoming launch of the Artyfact Telegram app, the Artyfact Beta, the Play-and-Earn tournament, along with other major events, is set to drive a significant increase in AMEX:ARTY ’s value. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
5