This chart for JNJ illustrates a technical setup within a descending channel. Key Fibonacci retracement levels (38.2%, 50%, and 61.8%) are highlighted, indicating potential zones of support and resistance. The analysis suggests a three-part buying strategy: an initial purchase at the current market price (CMP) near a double-bottom structure, a second purchase...
This 4-hour CAD/CHF chart depicts a potential bullish reversal setup at a key support zone, where the price has reached a marked "Buy @ CMP" level near 0.6200. The chart highlights two take-profit levels (TP1 at 0.6260 and TP2 at 0.6320), suggesting a potential upside from the current market price. A stop-loss is positioned below the support level at 0.6180 to...
This 4-hour GBP/JPY chart illustrates an inverted head and shoulders pattern, a bullish reversal indicator. The left shoulder, head, and right shoulder are clearly marked, showing a potential bottoming formation. The neckline acts as resistance, with a "Buy Stop" placed just above it to confirm the breakout. A projected target of 196.318 is identified, aligning...
This chart depicts a potential trading setup for Bitcoin (BTC/USDT) on a 4-hour timeframe. It shows an ascending triangle pattern, a bullish continuation pattern, where price is consolidating with higher lows against a horizontal resistance line. The marked entry point suggests taking a position after the price breaks out of the pattern and retests the breakout...
