2281: Bullish Reversal from POC_Golden Pocket2281
Continuously in downtrend. Earlier estimations of reversal from bearish flag completion and support levels did not sustain (Bears dominated).
However, current price movement (green candles) at POC is confirming the interest of buyers.
This is in confluence with 50% fib (Golden Pocket)
Entry can be taken now (HH) or after formation of HL (conservative)
Keep SL intact as identified.
2281 trade ideas
2281: Watchout_Double Top Formation2281 is moving nicely in an ascending parallel channel taking support from a long-term trendline support continuously.
Price has shown breakout from parallel channel and has formed double top at a critical resistance of 140.
Bulls need to break the resistance of 140 to continue the bullish trend or wait for correction.
2281: At Support Level or Cup & Handle (Watchout)2281 is forming a cup and handle pattern on daily timeframe.
Volumes are low
However, Price is at a significant support line confluence with volume POC
A trendline support is respected in the past.
If the support confluence is respected, price will go up and touch the TP levels of 123
However, if it breaks down then there is a long bearish rally.
Watch out to take positions.
2281: TanmiahThe Bullish Butterfly is a complex options trading strategy that aims to profit from a moderate rise in the price of the underlying asset. It's constructed using four options contracts with the same expiration date but different strike prices.
Here's how it typically works:
1. **Buying**:
- Buy one call option with a lower strike price (closest to the current market price).
- Buy one call option with a higher strike price.
2. **Selling**:
- Sell two call options with a strike price between the two bought options.
The key is that the sold options finance the purchase of the two options. This strategy is called a "butterfly" because if you graph the strike prices and profit/loss, it resembles a butterfly with wings.
The maximum profit is achieved if the underlying asset closes at the middle strike price at expiration. Maximum loss occurs if the price moves significantly beyond the higher or lower strike prices. This strategy is for traders who anticipate a moderate increase in the underlying asset's price with limited risk.
2281: Potential Bullish Setup (Golden Pocket)Tanmiah earlier broke ATH and took correction
Price is moving in descending channel, however,
price has reached a significant support level
golden pocket (fib level) confluence
breakout will be bullish flag formation
Morning star formation at support level is positive for bullish trend after correction
Entry at current price or after breakout of channel (confirmation of HH and HL)
SL below Morning previous HL
Ride the trend with trailing SL
QUICK ANALYSIS ON 2281Dear Saudi Traders and Investors, I'm sharing with you this analysis on 2281 since I got questions if it's time to buy it or no.
For now don't buy it until you get a confirmation of the pullback on the support level it just pulled back on to reach the level 0.5 of the Pitchfork.
Don't hesitate to ask in case you got any question!
2281 (Bullish Setup. AB=CD, C&H Formation)Price has taken support from important zone
Trednline, Horizontal Support confluence
Price is in Uptrend (Formation of HH, HL)
Completion of AB=CD targets
New formation of AB=CD in process
Cup & Handle formation is in process
SL and TPs are specified
Ride the trend with trailing SL
2281: TANMIAH (Watch for Channel Breakout)Price is moving in parallel channel for a while (accumulation)
Bulls need to breakout for Long setup
Rising Wedge formation is in picture
HH, HL formation continues in higher timeframe
Entry after breakout of channel can be taken for a Good Risk Reward Ratio
Trail Stop Loss