EURUSD Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.13700 zone, EURUSD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.13700 support and resistance area.
Trade safe, Joe.
Trend Lines
AUDUSD Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.64900 zone, AUDUSD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.64900 support and resistance zone.
Trade safe, Joe.
UBER results on quick flips for this ticker--Long @ 82.53 If I ranked the performance of UBER with my algo vs. all the other large caps I trade, it would rank right near the top with regard to return per day held. I don't rank it, because I don't have enough historical data to include it in my rankings.
Its limited results are impressive, however. 196-3 (the 3 are open from the last 3 days) with an average gain of 2.83% and an average hold period of 10 trading days. That's around 7x the daily average return of the market overall.
Additionally, it is currently right at support from the most recent low in early May and the high in February. On a longer scale, it is in a long-term uptrend and only 10 trading days removed from its all-time high. That makes me even more convinced that this is just a normal correction in an uptrend. The pullback has been significant, though, down 9 out of the 10 trading days since that ATH. However, the 5 down days in a row is a solid short term contrarian indicator, historically speaking.
I won't add daily if it keeps falling, in the interests of maintaining portfolio balance and diversification, but I am open to tactically adding to the position. The plan is for a FPC exit, as long as the return is > 0.10% if that FPC comes on day 1 of the trade. Below that, I will hold until a satisfactory exit point is reached.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
EUR/USD Coils Below Resistance Ahead of ECB, NFPEuro broke above the April downtrend last month with price surging more than 3.5% off the May low. The advance failed at technical resistance into the start of June at the 1.618% extension of the May advance near 1.1455. The focus is on a reaction off this mark with a breakout of the weekly opening-range to offer some guidance in the days ahead.
The weekly-range is now set just above the objective weekly / monthly open at 1.1347. Subsequent support seen at the 2023 swing high at 1.1276 with near-term bullish invalidation at the 2024 swing high / 61.8% retracement at 1.1214- a break / close below this threshold would be needed to suggest a more significant high is in place / a larger reversal is underway towards key support at 1.1040/74.
A topside breach of the weekly opening range exposes subsequent resistance objectives at the 2025 high-day close (HDC) at 1.1514 and 1.1564/73- a region defined by the 100% extension of the May advance and the yearly swing high. Look for a larger reaction there IF reached with a daily close above needed to mark uptrend resumption / fuel the next major leg of the Euro advance towards 1.17.
Bottom line: A breakout of the April downtrend is now testing the first major resistance hurdle with the weekly / monthly opening-ranges taking shape just below- look for the breakout. From a trading standpoint, losses would need to be limited to 1.1214 IF price is heading higher on this stretch with a close above the yearly high needed to mark resumption of the broader uptrend. ECB on tap tomorrow with NFPs slated for Friday- stay nimble into the weekly close.
-MB
BRK.B: Channel-Bound & Targeting New HighsThis chart for Berkshire Hathaway Class B (BRK.B) presents a clear and actionable technical setup, operating within a well-defined long-term bullish channel.
Dominant Bullish Channel: BRK.B is clearly trading within a well-established, upward-sloping channel. This channel dictates the long-term trend, confirming a robust bullish bias as price consistently finds support at the lower band and resistance at the upper band.
Recent Pullback from All-Time Highs: After reaching its "All Time High" around the 530- 540 resistance zone, the stock has experienced a healthy corrective pullback, aligning with the typical behavior within an ascending channel.
Key Support Levels Identified for Re-accumulation: The chart highlights two critical support zones for potential re-entry or accumulation: a primary support between 470− 480, which perfectly aligns with the lower boundary of the active bullish channel, and a deeper, secondary support at 430 - 440 should the first level fail.
Clear Upside Target Post-Support Validation: Following a potential bounce from either of the identified support levels, the analysis projects a renewed push towards the "All Time High" zone (530-540). This move represents a compelling 8% to 10% upside target from the current vicinity, validating the strength of the bullish trend and the expected retest of previous resistance.
This reinforces a "buy the dip" strategy within the confines of this established channel.
AUD/USD Poised for Breakout ahead of NFPsThe Australian Dollar broke back above the 200-day moving average this week with AUD/USD testing resistance at the 65-handle today. Its decision time for the Aussie as the bulls threaten to breakout of a multi-month range in price.
Aussie is testing resistance today at the 2025 high-close / 61.8% extension of the Friday rally at 6495-6504 with key resistance seen just higher at 63540/50- a region defined by the 61.8% retracement of the September decline and the 100% extension. Note that the upper parallel converges on this threshold into the close of the week and a breach / close above would be needed to fuel the next major leg of the Aussie advance. Initial breakout objectives eyed at the September low at 6622 and the November high-day close (HDC) at 6680.
Initial support rests with monthly open / 200-day moving average at 6432/43 and is backed closely by the May open at 6402. Ultimately, a break / close below the April / August lows at 6348/62 would be needed to suggest a more significant high is in place / a larger correction is underway towards broader bullish invalidation at 6300- look for larger reaction there IF reached.
Bottom line: Aussie is attempting to mark a fresh yearly high-close today but still shy of uptrend resistance just higher. The immediate focus is on a breakout of the weekly opening-range for guidance with the long-bias vulnerable into the upper parallel. From at trading standpoint, losses would need to be limited to 6400 IF price is heading higher on this stretch with a close above the 6550 needed to fuel the next major leg of the April advance.
-MB
Nasdaq - The final bullrun breakout!Nasdaq - TVC:NDQ - might break above all structure:
(click chart above to see the in depth analysis👆🏻)
It is quite incredible how volatile stocks have been lately, especially considering that fact that the Nasdaq is about to create new all time highs again. Consequently, we are about to witness a significant structure breakout, which would ultimately lead to another rally of about +30%.
Levels to watch: $21.000
Keep your long term vision!
Philip (BasicTrading)
$ETH Broadening Wedge TargetCRYPTOCAP:ETH reached its technical target of $4K from the ascending triangle (Jul '22-Oct '23).
CRYPTOCAP:ETH appears to be back in the multi-year range between $1.9K-$4K.
If the Bull Market continues, the current macro pattern could develop into a flat top broadening wedge with a target of $11.7K.
Invalidation if it fails to break $4K, or falls to Hades.
ASML Update! Bullish teal is proving itself! We identified in the last video (must watch if you didn't see it) that we need to prove teal over purple in this fight for a LTF breakout toward HTF algorithms.
We're seeing that happen in live-time! Continue to watch for teal to hold for a nice LTF breakout toward the $820 level and the HTF purple algorithm / known supply
Happy Trading :)
Redcentric Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Redcentric Stock Quote
- Double Formation
* (A+ Set Up)) - *Short Set Up & Entry | Completed Survey
* (Ascending Structure)) - *A+ | Subdivision 1
- Triple Formation
* (P1)) / (P2)) & (P3)) | Subdivision 2
* (TP1) | Subdivision 3
* Daily Time Frame | Trend Settings Condition
- (Hypothesis On Entry Bias)) | Regular Settings
- Position On A 1.5RR
* Stop Loss At 118.00 GBP
* Entry At 125.00 GBP
* Take Profit At 137.00 GBP
* (Uptrend Argument)) & No Pattern Confirmation
* Ongoing Entry & (Neutral Area))
Active Sessions On Relevant Range & Elemented Probabilities;
European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
ASML Analysis - Short/mid-term outlook & trade ideasNot as clear of an opportunity as we had last time when we nailed those 100+ point trades. Check out those videos (linked below) to see the power of the algorithms!
But here, we can see a nice roadmap toward HTF intentional liquidity and what we need to see in order to get there.
Happy Trading :)
This Trendline Refuses To Be OverlookedTrading Fam,
While it is somewhat unclear what Bitcoin's next move will be (though I tend to lean towards more upside bias), one thing has become clear ...that aqua blue trendline I have drawn on our chart is proving its significance. Currently, it holds as support. A break to the downside though, and I expect us to drop all the way to 96k. If it continues to hold, a break above our recent high should be expected and new highs will be formed in a relatively quick timeframe.
Stew
Bitcoin at Decision Point: Next Move Will Shock You! (Must WatchBitcoin is trapped between two critical zones right now!
📈 If the upper zone breaks – the uptrend could restart!
📉 If we lose the lower support – the downtrend may continue!
This is a key moment for BTC – don’t miss what’s coming next!
🔥 Watch the full chart breakdown and see where Bitcoin is headed.
👉 Subscribe for real-time crypto updates!
🔔 Turn on notifications to never miss a move!
#Bitcoin #BTC #CryptoAnalysis #Altcoins #TradeWithMky
Fidelity China Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Fidelity China Stock Quote
- Double Formation
* (A+ Set Up)) - *Ranging Period | Completed Survey
* (Neutral Area)) - *A+ | Subdivision 1
- Triple Formation
* (P1)) / (P2)) & (P3)) | Subdivision 2
* (TP1) | Subdivision 3
* Daily Time Frame | Trend Settings Condition
- (Hypothesis On Entry Bias)) | Regular Settings
- Position On A 1.5RR
* Stop Loss At 237.00 GBP
* Entry At 255.00 GBP
* Take Profit At 278.00 GBP
* (Uptrend Argument)) & No Pattern Confirmation
* Ongoing Entry & (Neutral Area))
Active Sessions On Relevant Range & Elemented Probabilities;
European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
ETH/BTC Chart Analysis (4H)✅ Overall Structure:
Trend: Long-term downtrend (price inside descending channel).
Current Price Action: Attempting to break out of the downtrend channel.
📍 Key Zones:
Important Resistance (0.02550 – 0.02600):
Major zone acting as rejection multiple times.
Marked on chart with: "Important resistance – ALTSeason will start when this resistance is passed."
Resistance #1 – 0.02979: Next key resistance if breakout succeeds.
Resistance #2 – 0.03740: High-level resistance; major pivot point.
OB (Order Block) – ~0.01800: Potential support zone if price crashes.
🚨 Conclusion:
A clean breakout above 0.026 would be a strong early signal for an upcoming ALTSEASON.
This would indicate ETH outperforming BTC and possibly ignite momentum across altcoins.
If this resistance holds, price may drop back and revisit lower zones, including the order block.
PIUSDT Range Play Within a Potential Descending TriangleAfter reaching a high of $2.9645, PIUSDT has experienced a sharp decline, establishing a base near the $0.38 zone. This base continues to hold, suggesting the formation of a potential descending triangle.
For now, the strategy is to trade the range while the structure matures. A break below $0.38 would likely trigger further downside toward $0.16, where a strong external demand zone aligns with the completion of a possible WXY corrective formation.
On the flip side, a breakout above the upper trendline of the triangle would be a strong bullish signal, potentially igniting a significant rally. Upside targets are already projected on the chart.
As the structure develops, all eyes remain on the key levels that will determine the next major move.
Trendlines Hold Firm: AVAX Faces Continued Selling PressureAVAX has been in a steady downtrend since mid-May, marked by two descending trendlines. Each rally into the upper blue trendline (around $21.20) has been met with selling pressure, resulting in lower highs. The red horizontal lines at $23.03 and $25.78 show prior support turned resistance, with the $23.03 level failing to hold when AVAX pulled back in late May.
More recently, price attempted to reclaim the steeper of those blue trendlines but was rejected, confirming bearish control. On the downside, the green support line at $18.63 has acted as a pivot zone twice (late April and mid-May), and the $16.00 area served as a strong floor in early May. With momentum still favoring sellers, a short entry at the next rejection near $21.10–$21.20 offers a favorable risk/reward.
Below are the precise levels:
Trade Setup (Short AVAX/USDT)
Entry: Short around $21.10–$21.20 after a clear wick/rejection against the upper blue trendline.
Stop-Loss: $22.00, just above the failed breakout zone and beneath the $23.03 resistance.
Take Profit 1 (TP1): $18.63 (recent horizontal support).
Take Profit 2 (TP2): $16.00 (major demand zone from early May).
GLMR Bottomed? Watch This Key Trendline ReclaimGLMR has likely completed a full 5-wave impulsive decline, with the final leg extending after a clean deviation below the key trendline, printing a low at 0.0543. This marks a potential medium-term bottom. A corrective upside move is expected from this zone, though the broken trendline remains unreclaimed and now acts as resistance. The internal supply trendline around 0.2337 is critical — price may face strong rejection here. However, a confirmed breakout above it could open the door toward 0.757, aligning with a broader supply zone.
Helen of Troy | HELE | Long at $27.95Helen of Troy NASDAQ:HELE , owner of brands such as OXO, Hydro Flask, Osprey, Vicks, Olive & June, etc, has witnessed an immense decline in share price since its peak in 2021 when it hit just over $265. Now, trading in the $20s... Growth has been a problem for this company (now and future projections) and a major turnaround is needed. However, NASDAQ:HELE is implementing several growth strategies for 2025-2030 under its Elevate for Growth plan and Project Pegasus, so they are very aware of the need to re-inspire investor confidence. They also announced last month the appointment of an interim CEO and CFO. With a 22M float and 12% short interest, this could get interesting.
Excluding the current growth issue, the fundamentals of NASDAQ:HELE are quite strong:
P/E Ratio: 5x (undervalued)
Book Value: ~$70.00 a share (undervalued)
Debt-to-Equity: 0.6x (healthy)
Quick Ratio: Over 1 (healthy)
From a technical analysis perspective, it may have just formed a double-bottom near $24-$25, but a quick drop between $10-$20 is absolutely possible if bad economic news emerges.
At $27.95, NASDAQ:HELE is in a personal buy zone with a caution regarding the US economy and this company's ability to turn things around moving forward.
Targets:
$40.00 (+43.1%)
$52.00 (+86.0%)
MODG - Algorithms are setting up for a HTF bounce!With our recent earnings move towards teal, this is setting up beautifully to make its way toward our HTF target that we identified a while back and still expect to be a target. Once there, we will have a tight stop considering its a HTF level that we are trading off of, and a long term hold plan.
Awesome to see the Algos give us such nice preparation!
Happy Trading :)