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9.35 and BeyondFavoring a rapid move higher in wave (iii) of {iii} of 3 through at least the 9.35 wave {b} of 2 high against the {ii} of 3 low of 5.10. Aurora developed a flat in wave 2 and has since began to develop higher in what appears to be a series of first and second waves before the onset of a third wave at multiple degrees. Third waves typically travel the most distance in the shortest amount of time and I expect to see volatile and rapid upside while any downside should remain corrective. A violation of 5.10 would invalidate the pattern and likely signify further downside through 4.41.
NASDAQ:ACBLong
by PhiWaveCapital
3
ATOMUSDATOMUSD Price Action: Trend: The overall trend in the chart is bearish. After a peak in April 2023, the price has been making lower highs and lower lows, indicative of a downtrend. Support and Resistance: ➢Support: There appears to be a support level forming around the $4.50-$4.80 range. The price has tested this level multiple times recently, showing some buying interest. ➢Resistance: Resistance is visible around the $7.00-$8.00 level, where the price previously bounced before continuing downward. Bollinger Bands: The Bollinger Bands are relatively wide, indicating higher volatility. Price Position: The price is currently near the lower band, which could signal that the asset is oversold in the short term. This often suggests a potential bounce or a period of consolidation. Middle Band (20-day SMA): The price is below the middle band, reinforcing the bearish sentiment. Volume: Recent Volume: The volume has seen spikes during the price drops, indicating strong selling pressure. However, the most recent volumes are tapering off slightly, which could imply that selling pressure is weakening or that traders are waiting for a clearer signal. Indicators & Signals: Possible Reversal: If the price holds the support around $4.50 and starts moving upwards, it could signal a short-term reversal or at least a retracement towards the middle Bollinger Band (~$6.00). Continuation of Downtrend: If the support breaks, we could see further declines, potentially testing lower levels not visible on the current chart. Conclusion: The chart shows a bearish trend with a key support level around $4.50-$4.80. The price is currently at the lower Bollinger Band, indicating it might be oversold in the short term. However, the overall sentiment remains bearish unless we see a significant change in price action, such as a break above the middle Bollinger Band or a significant volume spike with upward movement.
COINBASE:ATOMUSDShort
by Sahrin
7
Atlas Copco AB: Potential Entry Points in a Long-term UptrendOMXSTO:ATCO_A has demonstrated a long-term uptrend throughout its history, marked by two strong channels, with higher highs and higher lows. Since the Ukraine-Russian market crash, OMXSTO:ATCO_A has experienced a 100% increase. Currently, the stock is at the resistance channel, which has resulted in a notable downward reaction: During the strong uptrend, previous resistance levels, where the price peaked, turned into support levels when the stock experienced pullbacks. Now, as the stock returns to these crucial levels, they may serve as key support, potentially causing the stock to struggle to break below them or to rebound and rise further. I anticipate that the stock will gradually break through each of these key levels, eventually approaching the lower trendline before launching into a significant bull run. This scenario presents a promising opportunity for a long position, but we need additional bullish confirmation at these levels before making a move. Important levels: 150 SEK, 140 SEk, 120 SEK, 100 SEK
OMXSTO:ATCO_BLong
by Tallblomma
6
Gold could rise to 2460After a significant drop of nearly 1,000 pips last Monday, gold has established strong support at 2,380 and began to recover mid-week, reaching the 2,430 resistance zone. The recent pullback from this resistance found support at 2,415—a level that has served as both support and resistance since the beginning of the month. Once again, support has formed higher, this time at 2,420. At the time of writing, the price is hovering around 2,435, and we could see a clear breakout to the upside in the hours. My strategy is to buy on dips, and I will remain bullish as long as the price stays above 2,415.
OANDA:XAUUSDLong
by Mihai_Iacob
18
Thin Markets Unnerve Traders: What to Know About Summer TradingLow trading volume is the market theme of the summer, which is driving investors to question their knowledge and ability to move in and out of markets. Forex, stocks, commodities and even crypto — they all seem more volatile during the summer quarter and there’s a reason for that. Big-shot traders ditch the trading desks for margaritas, espresso martinis and tan on the Amalfi coast while algo trading gets to slosh around billions of dollars. The result — thin liquidity sinks trades every now and then. August Trading Shakes and Stirs Markets The summer months have rolled in and with them a heightened feeling of unease has swept global markets. From a rally in the Japanese yen , to a big meltdown in stocks and crypto market carnage , asset classes got shook from this one market characteristic — volume . Thinning trading volumes disrupted the usual market rhythm, ushering in an environment dominated by increased volatility and unpredictable swings. Low volumes have the tendency to amplify price declines and increases. Illiquid August conditions may turn a rather normal move into a violent swing. Fewer shares traded means that a trading instrument is more susceptible to sharp price movements as there are fewer participants to absorb the trades. Panic Selling and the Carry Trade A volatility storm swept Japan’s stock market last week, throwing it into its worst single-day performance since 1987. Japan’s broad-based index Nikkei NI225 crumbled 12.4% in a single session while US stocks slumped 3%. Wall Street’s fear gauge, the VIX index of volatility VIX , shot up more than 50% to its highest level in 2020 when the pandemic was wreaking havoc. A day later, Japan bounced up 10% and the S&P 500 jumped 1%. The VIX shot lower by 28%. Japan ended up in the spotlight due to the unwinding of what’s called the “carry trade” — big hedge funds had borrowed trillions of cheap Japanese yen at near-zero interest rates to buy stocks or jam the cash into Treasury bills that pay a 5% interest. Risk-free. What’s not to like? The yen’s rise, for one. The sharp appreciation of the yen sent panicked carry traders scrambling to dump their holdings and repay their yen debt, which was getting more expensive. It’s the Algos’ Market, We All Live In It In August, traders typically exchange about 9.3 billion of US shares a day. Compared to March, where 13.2 billion shares change hands a day, that’s a 30% decrease in trading volume. Apparently, Wall Street does get a break from trading. Or does it? The stock market and the currency market, in particular, are dominated by and large by computer-trading algorithms that execute trades at lightning speed based on pre-programmed criteria. These algorithms, or simply algos, are allowed to process huge amounts of data and react to market conditions in milliseconds. While this can create efficiency and liquidity in normal market conditions, during periods of low volume — such as the summer months — they can contribute to increased volatility, especially if they are levered to the tune of 15, 20, 30 times. A single large order or a sudden piece of news can trigger a cascade of algorithmic responses, leading to rapid and sometimes exaggerated price movements. In other words, when these algos make a decision, that’s when volatility goes through the roof. Pair it with low volumes and you’ve got an explosion (or implosion) of prices. How to Survive Wild Markets? Given the unique challenges of summer trading, traders need to adjust their strategies accordingly. Here are some tips that can help. Lower Position Sizes : In a thin market, large positions can be harder to exit without moving the market (especially if you’ve loaded up on illiquid meme coins). Reducing position sizes can help mitigate this risk. Wider Stops : With increased volatility, it may be necessary to widen stop-loss orders to avoid getting wiped out by intraday market noise. Focus on Liquidity : Stick to trading more liquid instruments where possible, as these will typically be less affected by the summer slowdown. Hint: forex is the most liquid market. Keep an Eye on Economic Data : Summer doesn’t stop economic data releases , which can lead to outsized market reactions in a light market. Stay informed. Patience and Discipline : Summer trading requires patience and discipline. The temptation to overtrade in a quiet market can lead to mistakes. It’s often better to wait for clearer setups rather than forcing trades in a challenging environment. While you're waiting for the right moment to step in, test your strategies and find the best moves for future trades. What Do You Think? Summer trading presents a unique set of challenges that can unnerve even the most experienced traders. Thin markets, increased volatility, and the dominant role of algorithmic trading create an environment where caution is paramount. How do you handle volatile markets in thin trading? Let us know in the comments and let’s spin up a nice discussion!
SP:SPX
by TradingView
4
$SKEW CBOE SKEW Index and two recent signalsSKEW is a measure of options prices in the S&P500 Index that divides the options volatilities of puts/calls. How to use the CBOE:SKEW Index gets a bit more cloudy since it isn't always clear or perfect in its "signal generation". But I think it is important to know what it is showing so you can at least decide what the general sentiment and positioning is in the options market for the S&P500 or $SPY. So let's talk about a couple of scenarios: 1. Rising CBOE:SKEW and Rising AMEX:SPY prices. The thinking process behind this combination is that people are selling calls and using the proceeds to buy puts to protect against a market drop. This is a market that is "hedging" as the market goes up. So if people are hedging their longs, they are effectively showing that they are worried about falling prices and that implies the market is "climbing a wall of worry." Markets usually continue to climb in that condition. I have labeled this setup in late May which preceded the advance in stock prices in June. 2. Falling CBOE:SKEW and Falling AMEX:SPY prices. The logic behind this setup is that people are buying calls as stock prices fall, getting more emboldened with price declines, which is a very bearish setup implying lower prices ahead. This is the scenario we had going into the end of July which preceded the drop in August. You can see that CBOE:SKEW has returned to the middle of the range here, so there is no new signal to work from here. Stay tuned for one of these scenarios to set up again. The next variable to use is the level of TVC:VIX to alert us to whether there is active buying of options or selling of options to give us deeper insights into what is likely to happen. Cheers, Tim 10:59AM EST 8/8/2024
S
by timwest
2
Microsoft: More Oversold than During Covid?Microsoft has declined along with other AI names in the last month. How big was the pullback? Some traders may be surprised to know its intensity. The first noteworthy signal on today’s chart is Wilder’s Relative Strength Index (RSI). The oscillator hit 24.69 on Monday. That was the lowest reading since August 2015. In other words, MSFT this week was more oversold than March 2020 -- at the depths of the coronavirus selloff. Next, the software giant tested and held its April 25 low around $388. That may suggest support remains in effect. Third, MSFT is trying to hold its 200-day simple moving average for the first time since March 2023. That could indicate the presence of a longer-term uptrend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:MSFT
by TradeStation
2
XAUUSD 8 Aug 2024Based on the latest data, the current price of XAU/USD (Gold Spot US Dollar) is around $2,387.40. Support and Resistance Levels: The current support level is around $2,381, while the resistance level is near $2,391. If the price breaks above the resistance level, we could see further upward momentum. Economic Factors: Fed Rate Decisions: Speculations of potential rate cuts by the Federal Reserve could support gold prices as investors seek safe-haven assets. Geopolitical Tensions: Ongoing geopolitical uncertainties can also drive investors towards gold, further pushing the price upwards. Entry Price: Entry Type: Limit Order Entry Level: $2387.00 (This is a point of confluence being near a support level and near the 38.2% Fibonacci retracement level from the recent swing low to swing high.) Stop Loss: Stop Loss Level: $2375.00 (Below the recent low and the support zone to avoid getting stopped out by minor fluctuations. This gives a risk of $12 per trade, which is within the 1% risk tolerance.) Target Price: Target Price Level: $2410.00 (A level of high liquidity and potential retracement. This provides a reward-risk ratio of approximately 1.92 ($23 potential reward/$12 risk).) Adjusting Stop Loss to Trail Profits: First Adjustment: Once the price reaches $2395, move the stop loss to break even at $2387. Second Adjustment: Once the price reaches $2400, move the stop loss to $2392 (locking in $5 profit). Final Adjustment: As the price approaches the target of $2410, adjust the stop loss to $2405 to secure more profits while allowing room for the price to reach the target. Trade Execution: Order Type: Limit Buy Order Entry Price: $2387.00 Stop Loss: $2375.00 Take Profit: $2410.00
OANDA:XAUUSDLong
by therabbittrades
11
BOJ Rate Hike Causes Unrest in the Stock Markets: What next?When the Bank of Japan hiked its interest rate at the end of July, global markets went into turbulence. We will discuss what currency carry trade is, why the yen carry trade has caused this global volatility, and, importantly, whether the market will resume its uptrend. Micro E-Mini Nasdaq Futures and Options Ticker: MNQ Minimum fluctuation: 0.25 index points = $0.50 Japanese Yen Futures Ticker: 6J 0.0000005 per JPY increment = $6.25 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.sweetlogin.com
CME_MINI:NQ1!Short
by konhow
9
SPY/QQQ Plan Your trade For 8-7 : Perfect Flat-Down PatternToday's Flat/Down pattern played out perfectly. Now, as price nears support, we should be looking to position our trading for the next big move higher over the next 5+ trading days. If my research is accurate, the SPY/QQQ should begin to setup a base mid/late tomorrow and start to rally into Friday - carrying into early next week. Watch the video I created this morning to learn more. This short follow-up video will help you understand how my SPY Cycle Patterns work and how you can benefit from their interpretive capabilities. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
3
What about altcoins, will the "BULLRUN" begin !What about altcoins, will the "BULLRUN" begin ! In this review: >Others Marktecap >Total2 Marketcap >Total3 Marketcap >Others Dominance >BTC Dominanace >ETH/BTC >ETHUSD many forms >ETHUSD/NVDA Lets start with Others Marketcap --We see that the volume is slowly increasing in the retest zone. this is positive for us. When we examine the Rsı levels, we see that it is at the covid level. for such an index, this is "oversold" RSI(14) 1w and Gaussian Channel CM Slingshot and LMACD -------------------------------------------------------------------- TOTAL2 Marketcap 1w level 1= Accumaltion Trend mildline level 2= Bullrun 1008 passed from the summit to today. That's enough :D Total2 with Keltner Channel ----------------------------- Total3 Marketcap "SAME" 2020 vs 2024 ! -------------------------- Others Dominance is waiting for the UP movement at the channel bottom leve =) ----------------------------------------- ETH/BTC 1w 2016-2024 ------------------ ETHUSD CHart 1/5 Ethereum Log Curve Zones Chart 2/5 RSI Level and 1008 days 2020 vs 2024 Chart 3/5 Keltner Channel // Top, Bottom and Retest zones Chart 4/5 -Bullrun EVE Chart 5/5 CYCLE chart ( just some MATH:D) Parallel Channel MODE ------------------------------------------ TOTAL2/Nasdaq 3...2...1... GO ! ---------------------------------------- ETHUSD/NVIDIA Its Ready =) When you analyse all these chart, the following rings in your head: >>>ALTSEASON is inevitable.
CRYPTOCAP:OTHERSLong
by Cryptollica
18
Jobs Data Giving Recession Vibe. Is the Fed Late to Act (Again)?Why does it seem like the Fed is playing catch-up with the economy? In 2021 and 2022, the US central bank was jamming stimulus at a fast clip. Suddenly it stopped and reversed course to raise interest rates at never-before-seen speed (that’s when officials were saying inflation was transitory). Now, the skyrocketing interest rates are threatening to derail the economy. Or worse — throw it in a recession. The red-hot US labor market is no more. Or at least there wasn’t anything red-hot for America’s workers and job seekers in July (except for maybe the coast-to-coast summer heat). And now financial markets are in limbo. America’s employers added just 114,000 new hires to the workforce — a far cry from the expected 174,000 and even that consensus view was soft. The bigger-then expected slump in US jobs growth fanned concerns over a flailing economy and there was one major player to pin the blame on — the Federal Reserve. What’s the Fed? The Federal Reserve, or just the Fed, is the central bank of the United States. Its daily grind is to keep the economy from veering off a cliff or overheating like a meme stock on WallStreetBets. The Fed is currently headed by Jerome Powell, or Jay Powell, or even JPow if you’re cool enough, and serves a dual mandate of maximum employment and stable prices. For about a year, markets have been building up the conviction that the Federal Reserve should start thinking about cutting rates. But for months, the Fed didn’t even think about talking about cutting rates as a flurry of economic indicators was more or less suggesting that one slash might be a good idea. And now markets fear it may be too late for that. The steep drop in the employment figure for July suggested that the economy has started to crack under the pressure of interest rates sitting at a 23-year high of 5.50%. When rates are high they make borrowing more expensive and discourage businesses and consumers from taking out loans to run their lives better. Instead, they shove their cash in deposit accounts and generate passive, risk-free yield. In a nutshell, high rates = economic contraction; low rates = economic expansion. When rates stay higher for longer, the Fed runs the risk of tilting the economy into the very recession it is fiercely trying to avoid. Talk About Bad Timing The timing for that jobs data couldn’t have been more inconvenient. July’s nonfarm payrolls arrived just two days after the Fed praised the growth of the economy and voted against reducing its benchmark interest rate. To defend this decision, Chairman Jay Powell said that his clique of top central bankers need more good data that shows inflation is heading down toward the bank’s 2% goal. He also went on to say that he “wouldn’t like to see material further cooling in the labor market.” The press conference after that rate call did end on a high note. The Fed boss noted that an interest rate cut was on the table at the next meeting slated for mid-September. The issue, however, is whether a single 25-basis-point cut, as communicated, will be enough. Markets have already ramped up bets for a juicier 50-basis-point reduction to borrowing costs — a more aggressive monetary policy measure that will provide a stronger lean against a faltering economy. And while the difference between jobs added and jobs expected might be a factor, the severe pullback seems more about investors throwing a tantrum. "You should've cut rates, now deal with our unusually strong reaction as we make a statement," kind of play. The painful scenario where the Fed may have fallen behind the curve shook Wall Street and spread into global markets. Stocks in the US are in a free fall. The tech-heavy Nasdaq Composite slipped into correction territory, dropping 10% from its peak in mid-July. Tech giants , the main driver of the broad-based gains across the major US indexes, are heavily battered. But the selloff is widespread, jolting everything from stocks , to the US dollar to Bitcoin . Add to this an earnings season weighed by investor concerns over spending on artificial intelligence and you’ve got quite a few things to consider before you jump into your favorite stock out there. What Do You Think? Do you think the Fed will trim rates by a bigger 50-basis-point cut in September or even introduce an urgent interest rate cut before their next regular meeting? And are you comfortable betting on beaten-down equities across the board? Let us know your comments below!
SP:SPX
by TradingView
17
Panic selling? I'm buying!A triangle is drawn, accumulation which came after active growth, I expect the trend to continue Medium/long term, we'll see what happens in the Autumn, I expect a test of a new all-time high around 5.000 I make purchases in parts based on given values, where the price is now, and I use a spot account and do not use leverage. I believe that this support is the optimal point for opening a mid-term or long-term long position, since we see a test of the trend line and 3.000 where there is strong support
BINANCE:ETHUSDLong
by Juliia
83
Tesla Fell More Than 12% After Earnings. Where Might It Go Next?CEO Elon Musk of Tesla NASDAQ:TSLA has said that if you believe in the future of his EV company’s FSD technology (short for “full self-driving”), then you should probably be invested in TSLA stock. If you don’t have faith in FSD, then perhaps you shouldn’t be. I don't know about that, but one thing that technical analysts can understand is the stock’s chart, seen here as of midday Wednesday (July 31): As the chart above shows, TSLA rallied heading into release of its earnings on July 23 after the bell, but has mostly pulled back since then -- including falling more than 12% on July 24. Could such action have been forecasted and acted upon? Let’s check it out. The first thing to note is the stock’s inverse head-and-shoulders pattern -- the set of three purple curved lines in the chart above. That pattern is historically bullish. Tesla’s breakout from the admittedly crooked neckline (the downwardly sloping purple line above) ran some 42% to the upside before the stock apexed at $271 intraday on July 11. However, July 11 is in the past. What about the future? As of midday Wednesday, Tesla was still about 15% below its $271 peak. Tesla’s daily Moving Average Convergence/Divergence (MACD) was also postured rather bearishly. The stock’s 12-Day Exponential Moving Average (EMA) -- denoted by the black line at bottom right in the chart above – was below Tesla’s 26-Day EMA (the orange line above). Add in the fact that the stock’s histogram of its 9-Day EMA (the blue bars at the chart’s bottom right) was below zero and that’s an historically bearish technical pattern. Meanwhile, the stock’s Relative Strength Index (the gray line with the purple background in the chart above) appears neutral, but is curling back in a bullish direction. But what if we erase our inverse head-and-shoulders pattern and make it part of a larger story? Check this out: Tesla’s RSI and MACD are both the same in this chart as they were in the first one, but this graph no longer shows an aged inverse head-and-shoulders pattern that has already run its course. Instead, this chart shows an historically bullish cup-with-handle pattern, as denoted by the big purple arc above. In fact, the diagram above appears to show multiple technical positives for Tesla: • The cup-with-handle pattern has a $271 pivot point, marked with the small purple line at right. • Tesla is trading above both its 50-Day Simple Moving Average (the blue line) and its 200-Day SMA (the red line). • The 50-Day SMA has crossed above the 200-day one, forming a so-called “golden cross.” That’s historically a bullish sign. Things will likely look even better for Tesla if the stock can take back the 21-day Exponential Moving Average (EMA) to get the swing traders in line. That would likely budge the 9-day EMA’s histogram (the blue bars at bottom right) into positive territory, which is typically bullish. It would also probably push the 12-Day EMA (the black line at bottom right) above the 26-Day EMA (the orange line at right). That’s an historically bullish sign as well. This presentation discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. This presentation discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC. TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform.
NASDAQ:TSLA
by moomoo
1
Trading Idea: Bearish Shark Setup on NZDUSDI wanted to share an interesting setup on NZDUSD that’s been forming for a while. Let’s dive into the details! Current Overview: Bearish Shark Setup: Potential Reversal Zone (PRZ) : The setup has been hovering at the PRZ, which some traders might misinterpret as a violation. Key Insights: Having the Right Knowledge Matters : From my 19 years of trading and nearly 16 years of coaching, I’ve seen even experienced traders make mistakes in reading signals like this. It’s not uncommon for traders with 8 years of experience to misjudge such setups. Strategy: Second Chance Entry: Key Level : 0.5935 What to Do: If you missed the initial signal, wait for the market to retest 0.5935 for a second chance entry opportunity. Community Alert: This Trade Alert was triggered at 14:00(SGT) Final Thoughts: Patience and proper signal interpretation are crucial in trading. If you’re looking for a second chance, keep an eye on 0.5935. Don’t hesitate to reach out if you need more insights or if you missed this trade. What’s your take on this setup? Have you seen similar patterns before? Share your thoughts and strategies below! Happy trading, everyone!
Short
by RaynLim
8
MARUTI BULL FLAG BREAKOUT??🚀 MARUTI Breaks Out! 🏁📈 🚀 The bulls are back in the driver's seat! 🐂💥 MARUTI stock has just broken out of a classic bull flag pattern, signaling a potential surge ahead. This technical formation indicates a period of consolidation, followed by a strong continuation of the previous uptrend. 📊💹 For the savvy investors, this is a golden opportunity. The breakout confirms the bullish momentum and points to further gains on the horizon. 🌟📈 As the market buzzes with excitement, remember to stay informed and make decisions based on your own research. The road ahead looks promising, but as always, tread with caution and keep your investment strategy in check. 🧐📚 Join the ride and let's watch MARUTI rev up the engines! 🏎️💨
NSE:MARUTILong
by TheSnop
9
Potential Big Move for Verasity (VRA)? History May Rhyme...Hello there, fellow traders! I’ve been taking a close look at Verasity (VRA) and wanted to share an interesting pattern I’ve noticed on the VRA/USDT chart from KUCOIN. This is my first time publishing an idea, so feel free to counter my idea as I am eager to improve. Before diving in, remember, this is not financial advice (NFA) – always do your own research and invest wisely! Historical Patterns: Looking at the daily chart, Verasity has shown some impressive movements in the past. Check out these key points: Previous Cycle (A to F): Starting Point (A): After a period of consolidation, VRA took off. Peak (F): The price surged by an incredible 36,859.39%! Current Analysis: Potential Bottom (D?): We seem to be at a similar point to previous lows, suggesting a potential new cycle could be beginning. Future Projection (F?): If history repeats, we could see a rise of around 21,059.58% from current levels. Why This Matters: Patterns like these can offer valuable insights, especially for those looking to time their investments. If VRA follows its historical trends, we might be in for a substantial upward movement. Key Levels to Watch: Support Levels: Around the “A” and “D” points, where prices have historically bottomed out. Resistance Levels: The “B” and “F” points, marking significant peaks. Final Thoughts While these patterns are promising, remember that cryptocurrency markets are highly volatile and unpredictable. This analysis is based on historical data and past performance does not guarantee future results. As always, this is not financial advice (NFA). Be sure to conduct your own research and consider your risk tolerance before making any investment decisions. Happy trading and let’s see where VRA takes us next!
Long
by Pumpitito
8