Trianglebreak
AUDNZDAUDNZD is trading in symmetrical triangle pattern. The price is reacting well the support and resistance of triangle.
Currently the price is at the support of triangle where it is also forming a local support zone and seems like the price may break through the triangle.
If the breakout sustain to upside the optimum target could be 1.0842 followed by 1.0880.
Mdx is Bearish #Mdx is in Big falling wedge at daily time frame and it will keep dumping.
At 4hrs timeframe, Red descending triangle breakdowns but a retest is pending. Might be possible price goes up to red line to retest triangle and then it will go down. Also it can go down without a retest.
YCA - Yellow Cake breaks triangle Yellow Cake has broken its triangle formation which began in April 2022. There has been a retest at 398 although it is experiencing resistance at 448. The triangle formation in an uptrend is bullish. However, volume is low and, as a result, the breakout is weak.
NOTE: This post if for education only and not a solicitation to buy, sell or hold. Do your own research and trade your own plan.
Apple -> Only Two More Days Guys!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪
Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance.
The weekly timeframe looks a little bit overextended with barely and red candles during the last major push so we could certainly see a retest of the previous all time high at $180.
Apple is currently once again failing to create a new all time high at the $196 level and you can still see the very obvious key bullish trendline which is still pushing the price of Apple stock higher - now we will either see a bullish breakout or a bearish breakdown, until then no setup.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
UPL Weekly pattern breakdown.UPL has been consolidating in a range between 850 and 650 on the weekly chart. It has been in triangle type pattern and has broken down on a weekly basis. A close below the upward trendline shows increasing bearish pressure.
Bearish momentum should increase below the weekly low of 673. One could expect greater selling pressure if price closes below the support at 650 and the 200 Weekly EMA which is also around 654.
After the breach of these levels, the following levels could be expected..
Target 1: 621
Target 2: 569
The setup would be invalid if we get a close above 725. Keep watch.
Bitcoin Patterns #2This is an update to a previous post attached below.
White traingle
Looking at the white traingle pattern it looks like BTC has broken down, with a confirmed retest. Bearish.
The measure move (target) would be around $28540 as shown by red box.
Yellow Parralel Channel
The channel is playing out nicely so far, you can see it react well on smaller timeframes, especially the central line! Although we broke down from the triangle we have for tbe meantime found some support around the bottom of the channel.
Blue line
The thicker blue line is a longer term support/resistance begining in January 2021. We have yet to break back above it since May 2022, with multiple attempts.
JOE looks like a great setup here!Traders,
I'm a bit over-weighted in my public portfolio rn, but I really do like this setup in the DeFi coin JOE.
Bullish Indicators:
*Hidden Bullish Divergence on RSI
*Close to Bullish Triangle Exit
*Above the 200 Day MA
Bearish Indicators:
*Under the June 4th Crash Level
*Possible re-trace to bottom of triangle
If I were to enter here, I'd have a Risk/Reward ration of 3/1 - pretty decent!
My target would be that Pivot Low from Jan '22
And I'd put a stop limit just under that .27 cents level at .25 ish.
The profit potential here of over 90% with no leverage on this setup is amazing!
None of this should be construed as financial advice. This was an exercise in conjecture if I were to throw my remaining public portfolio cash at this trade.
Best,
Stew
Double signal on WAL-MARTTriangle previously broken through on Jun 12. After that, the price didn't go upward immediately, but retested (again!) the upper line to show rebound on Jun 30. This provides another opportunity to long this stock. Let's see if it will pass the 1-yr record high ($160.7) soon. Target set at $197.
Bank of Baroda Breaks Out of Triangle Pattern: Bullish Momentum
Bank of Baroda(stock symbol: BANKBARODA) has been trading within a triangle pattern since December 2022, but it has recently broken out of this pattern. During the triangle formation, the stock tested the lower trendline six times, and each time it tested, a substantial rally followed. On June 19, 2023, the stock broke above the upper trendline with decent volume, indicating a potential bullish move.
Currently, the stock is retracing and retesting the upper trendline to validate the strength of the buyers. Traders looking for an entry point may consider observing candlestick patterns such as a hammer or engulfing candle that could serve as potential entry triggers. Setting a stop loss below the identified candle pattern can help manage risk.
The initial target for Bank of Baroda is set at 201.60. If the stock continues to show strength, the second target is at 206.65, and the final target is at 215.85. It is important to note that Bank of Baroda can be traded in the equity or futures and options (FnO) segment.
Please remember that trading involves risks, and it's always advisable to conduct thorough analysis and consult with a financial advisor before making any investment decisions.