Get started

W-m-pattern

HG1! One word - CLEAN!COMEX:HG1! One word - CLEAN! What a beautiful chart for copper! Technically it's ever so clean, when it comes to set ups like this - Be careful of fake breaks. Pattern - Triangle/Pennant Highs: 4.2100 Lows: 3.8255 A break of highs I expect: 4.3550 & 4.5570. However, a break of the lows I expect: 3.6740 & 3.5040 and perhaps lower! Currently, as long as we within this channel and within these ranges... until break either side! Have a great week ahead & it's a long weekend for some of us! 🔆 Trade Journal 🔆
COMEX:HG1!
by Trade_Journal
RRC (Long) - Strong outperformance within the energy sectorFundamentals The fundamentals are obviously strong after the last year and a half The revenue and profits skyrocketed as the price of oil went up. All the measures possible are flashing green, whether its EPS growth, ROE, ROA, debt-to-equity etc. Valuation is still low , just like the wider energy market, due to ESG reasons and just a general unwillingness to participate in the oil industry The recession fears are bringing estimates of most measures significantly lower but these aspects have already been accounted for in the price I also believe that after the outperformance of the growth part of the market, flows will start circling back from growth into parts of value (energy) Technicals This trade is however more about the technicals than fundamentals The thing that attracted me the most to this chart is the outperformance of RRC (bottom of the daily chart) relative to the energy sector, which has been struggling as of late. Despite the weakness in energy and oil, RRC has been accumulating and building a base The base was finished after stellar earnings, and is currently on the brink of a breakout That would also complete a massive bull flag on a weekly chart All your typical indicators are also flashing a buy, while analysts are increasing their price targets Trade As I already mentioned, we are currently on the brink of breaking higher through a crucial resistance level The stock is currently consolidating and I am waiting for a signal that the price is about to burst higher, where I would happily buy Caveats include mainly a breakdown in the price of oil and fake breakout higher; definitely watch out for these Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
NYSE:RRCLong
by jurajholik
🔥 FTM Fell Through Support: More Selling ComingIn my last FTM analysis I talked about the potential Pennant pattern that FTM was trading in. After founding temporary support at the bottom of the wedge, BTC continued trading bearish and dragged FTM down with it. As a result, FTM has fallen through the support and is currently looking bearish in the near-term. Before any chance on a reversal, I think we have to go further down. Blue areas are my targets for the next couple of weeks.
Short
by FieryTrading
3
🔥 Bitcoin Slow Stochastic Signaling Start Of New Bull RunIn order to construct the slow stochastic I changed the parameters to 100/10/5, this creates a slower stochastic which is better suited to detect long-term shifts in trends. In all of Bitcoin's history, this slow stochastic has crossed the 30-line from below only 4 times. The previous 3 times all signaled the start of a new bull-run. Three weeks ago, we had another cross from below. Seeing that the market often rhymes, I'd like to think that the bottom is in and that we're likely to go up from here. Naturally, it's possible to see deviations (like the 2020 Covid dump), but I deem it highly likely that the bottom is in and that as new bull-run has started. Share your thoughts🙏
CRYPTO:BTCUSDLong
by FieryTrading
10
🔥 FTM Pennant Pattern Confirmed: Temporary Bottom Set?After a huge move at the start of the year, FTM has been consolidating inside this pennant pattern for around 4 months. FTM has been quite volatile both downwards and upwards, so there's a decent probability for the price to move back up after a month of selling. I'm anticipating a move towards the top resistance of the pattern, which is a nice ~25% move. In the short-term, 0.43 is a lower-risk target. Over the long-term, this pattern will classically break out bullish. However, this will all depend on BTC and the stock markets. Time will tell.
Long
by FieryTrading
7
🔥 BNB Rising Wedge: Bearish Break Out Coming?BNB has been trading inside this rising wedge pattern for several months now. Rising wedges are classically bearish reversal patterns, so that's the direction that we're going to look. BTC appears to be weak. If this weakness continues, I'm expecting a bearish break out of BNB in the near future. In case we get a bullish CPI reaction today, BNB might see a reversal and move back up towards the resistance of the pattern. Be patient for the break out. Blue area is the target.
Short
by FieryTrading
6
Triangles and volume Don't Lie - Bitcoin ProjectionThis is my Bitcoin projection until May 2025 (1 year after the Halving), where it should find the top of the movement traced from the beginning. This projection is a study that contemplates targets based on triangle patterns that mirror from 2 tops and the last bottom. Time will tell if the pattern will repeat itself, but I understand that the statistical chance is in favor of the longs that will keep the Bitcoins in their wallets. In addition, the Fibonacci projections and High Support Volume corroborate the patterns of the triangles drawn. Success for those who act wisely! NOTE: This is just a study and I don't intend to tell you what to do and how to do it. Make your decisions, because the consequences are yours.
BITSTAMP:BTCUSDLong
by TalentaT
4
🔥 Ethereum Short-Term Bullish Channel: Things Look GoodETH has been trading inside this bullish channel for a couple of day now, helped by the regional banking sector taking big losses. For now, I'm looking at a continuation of the pattern with 1940 as the first target. With some help from the stock market we can break out on the bullish side later today. Keep in mind that we're just a couple of days after the FOMC interest rate decision, so things can get volatile. A bearish break out would definitely be cause for short-term concern, think 1810.
Long
by FieryTrading
6
BTC 1W hidden Head and Shoulders pattern shown on 2h Looking at the weekly chart, I noticed a clear H&S pattern on VWAP. VWAP is an intraday indicator, but it can show a pattern in larger frames, like now. I was trying to find a way to draw and measure it clearly on commonly used timeframes, but it is most apparent on a 2h chart. As you can see on VPVR on the right, the neckline is below the 27100 resistance, and if it breaks it, there is a gap down to 25100. But the full potential of the pattern targets 23100. On my trend wave indicator, the weekly trend reached a local top on the 17th and turned bearish at the +60 line. Right now, it is right above the +50 line. That area often acts as support and resistance. And here on 2h, the trend is reversing right above the zero line, which is also strong support. Still, since this timeframe is not usual, this could also mean that trend is being rejected from it. The chart is bearish. Volume is low. But the price is what it is. Trade with the trend. But it doesn't hurt to be prepared. Right?
Short
by RockinHood
🔥 One Year To Bitcoin Halving: How Will The Market Perform?The fourth Bitcoin halving is scheduled to occur around a year from now. Historically, Bitcoin halvings have always preceeded a major bullish impulse which led to massive returns on both Bitcoin and altcoins. We all know how crypto tends to perform after halvings, but how does BTC perform in the year prior to the halving? We don't have a lot of datapoints, but from the prior three halving events we can draw a couple of conclusions: - The amount of upsides tends to diminish over time. The upside in the year prior to the first halving was much higher when compare to the upside of the year prior to the third halving. - There seems to be a lot of sideways / bearish periods, especially in the prior two halvings. Although this analysis is not really usable for day-to-day trading, it can give us an impression of what we can expect; mainly bullish, with a lot of drops in between. Keep in mind that the year before the third halving saw a huge drop during the corona crash. Arguably, we would've ended up much higher if that didn't happen. Furthermore, we're currently in a macro environment that we've never seen in Bitcoins life before, so take this analysis with a grain of salt.
BITSTAMP:BTCUSDLong
by FieryTrading
7
Learn the Strongest Reversal Candlestick Patterns Hey traders, In this educational article, we will discuss powerful reversal candlestick patterns that every trader must know. Bullish Engulfing Candle Bullish engulfing candle is one of my favorite ones. It usually indicates the initiation of a bullish movement after a strong bearish wave. The main element of this pattern is a relatively big body. Being bigger than the entire range of the previous (bearish) candle, it should completely "engulf" that. Such a formation indicates the strength of the buyers and their willingness to push the price higher. Bearish Engulfing Candle The main element of this pattern is a relatively big body that is bigger than the entire range of the previous (bullish) candle. Such a formation indicates the strength of the sellers and their willingness to push the price lower. ________________________ Bullish Inside Bar Inside bar formation is a classic indecision pattern. It usually forms after a strong bullish/bearish impulse and signifies a consolidation. The pattern consists of 2 main elements: mother's bar - a relatively strong bullish or bearish candle, inside bars - the following candles that a trading within the range of the mother's bar. The breakout of the range of the mother's bar may quite accurately confirm the reversal. A bullish breakout of its range and a candle close above that usually initiates a strong bullish movement. Bearish Inside Bar A bearish breakout of the range of the mother's bar and a candle close below that usually initiates a strong bearish movement. ________________________ Doji Candle (Morning Star) By a Doji we mean a candle that has the same opening and closing price. Being formed after a strong bearish move, such a Doji will be called a Morning Star. It signifies the oversold condition of the market and the local weakness of sellers. Such a formation may quite accurately indicate a coming bullish movement. Doji Candle (Evening Star) Being formed after a strong bullish move, such a Doji will be called an Evening Star. It signifies the overbought condition of the market and the local weakness of buyers. Such a formation may quite accurately indicate a coming bearish movement. I apply these formations for making predictions on financial markets every day. They perfectly work on Forex, Futures, Crypto markets and show their efficiency on various time frames. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
13