AUDJPY - Long CallAUDJPY has formed double bottom divergence.
Entry is at the breakout of last lower high.
Stop loss is below lower low.
Double Top or Bottom
Long-term Cup & Handle PatternA long-term cup & handle pattern has formed in Nintendo (I have been buying during the "handle" formation). It's not a perfect setup as the top of the "handle" is higher than the high near the end of 2007, although that's in the chart adjusted for dividends. It looks a lot more clear on the chart that's not adjusted for dividends (I will post an update with that). Additionally, the "cup" formation is pretty deep, which likely limits upside from here. Therefore, I think a 50% rise is possible if it can decisively break out above $16 on a monthly closing basis. (This would be a price target in the mid-$20 range; more may be possible, and would be welcomed, but at some point I would have a stop loss in mind and hopefully it would continue to run for a while. I will update this idea if/when that happens.)
EURUSD: One More Selling Opportunity Another chance to sell today is on the EURUSD pair, which has recently tested a significant daily resistance level and formed a double top pattern on the 4-hour chart.
The broken neckline of the double top has been retested, indicating a potential further decline in price. The pair is expected to reach the 1.0453 level in the near future.
Quant’s big green candle today coincides w/ its goldencrossJust like so may other alt coins around the market, Quant exploded upward on the day of its golden cross as well. There’s a slight chance t could pull back from here in which cae then it could possibly form a right shoulder of a potential inverse head and shoulders and give people a chance to enter in lower before the next leg up, or it could just keep pumping right through this current tan colored resistance line and continue up to the purple neckline of it’s massive double bottom pattern. Ether way whenever it flips that purple line to solidified support,the breakout target can send Quant all the way back up to its old all time high, likely making a new all time high in the process. Looking forward to seeing where this one goes. *not financial advice*
Polygon on its way to hitting a double bottom breakout targetPrice action steadily climbing up the measured move line to the target. Golden cross coming up within the next week or so. *not financial advice*
Iota blasts thru double bottom neckline right @ golden crossLike so many other alt coins before it this alt season. Iota is taking the golden cross as an opportunity to blast off out of its current chart pattern which for Iota was a double bottom. Still decent amount of gains to be had to get to its target, some sort of pull back would be much more rewarding entry but hard to tell if it will be that generous. *not financial advice*
Cardano - Repeating the +3.000% bullish cycle!CRYPTO:ADAUSD is creating price action like back in 2020 and we might see a rally soon.
Looking at the higher timeframes allows you to massively capitalize on overall market swings and cycles. Especially when it comes to Cardano, these cycles are pretty rewarding but also pretty predictable. At the moment, Cardano is repeating price action; we saw the same pattern playing out in 2020 and this break and retest was followed by a rally of +3.000%
Levels to watch: $0.42, $0.25
Keep your long term vision,
Philip - BasicTrading
DLTR LongWeekly resistance/support
Daily double bottom, not confirmed yet.
11/19/2024 Earning
Entry 62
Stop 59
Target 76, 102
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
NZDJPY double top has completed. Intraday Update: Double top completion. We are trading at the 50% retracement, and don't be surprised if there is some consolidation near the 87.70's now as the intraday RSI's have reached oversold.
$NU - Look out belowww! Falling KnifeChart #35/ 40: NYSE:NU
-Double Top Breakdown look for retest and confirmation
-L5 Indicator is RED
-Williams R% needs to create Resistance for this Low 5 Setup to establish the Williams consolidation box.
-AVP almost at volume shelf, if it breaks that another big gap down.
🎯$11.75📏$10.62⏳ Before APR25
NFA
Planet Labs Bottomed?Promising company, promising tech. Looks like it already bottomed, if not in the process of bottoming.
CEO came from NASA Ames research lab, invented micro-satellites. Found much cheaper ways to produce them, put a large (if not the largest) array of them into low earth orbit and are taking daily high resolution photos of the entire planet + AI tools to analyze changes or notice similarities across the earth. Very valuable information to be gleamed from data like this.
Targets = $4.38 and then $5.51, pre-req of breaking and holding above $2.77.
Not far from ATLs now. Good entries anywhere under 2 bucks, or even where it sits now if you don't mind a litte extra risk.
AUDNZD, Double Bottom with Bullish DivergenceBearish trend
Bullish Divergence appeared
Taking Support from a significant Level
Double Bottom Formation
Buy with Buy Stop
Sl on break of support
TP 1:1
**BA UPDATE** Original BA chart I wanted to share**BA UPDATE** Original BA chart I wanted to share from earlier
Scenario on GBPAUDAccording to this analysis, it is quite likely that a double top has formed in the market, and especially the second top is subdivided into at least two more, which only strengthens my decision to short this market. However, nothing has been decided yet. We are waiting for a test of resistance at the level of 1.956539, then I will monitor the marked zone where a decision should be made. For now, I am staying away.
Flare breaking up from falling wedge that is also a bullpennantThe shorter dotted purple line is the breakout target for just the falling wedge alone. The much longer dotted purple line is the measured move / breakout target line for the entire pennant. As we can see the price action has treated this longer dotted purple line as exact wick resistance here now as it begins its ascension to the breakout targets which helps tell us that this measured move line is indeed a very valid one. We can also see an impending golden cross just around the corner for flare as well at which point I expect it to get the same bullish impulse most of the alt market has been getting after their golden cross happens. If we hit the full breakout target of the entire pennant, that will take price action above a double bottom neckline as well which wll then lead to the opportunity for an even bigger breakout target. *not financial advice*
GBPUSD: Time to Buy?! 🇬🇧🇺🇸
GBPUSD has a perfect potential to move up after
a confirmed breakout of a minor daily resistance.
After a retest of a broken structure, the price formed a double bottom on that
and violated its neckline with a strong bullish imbalance.
The price may reach 1.2732 level soon.
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