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KOPRAN - A SWING AS WELL AS POSITIONAL TRADEHELLO FRIENDS, Here I am sharing my view on KOPRAN LTD (NSE) which is showing bullish bias on the chart. The stock was in downtrend since December 2021 following the downtrend as Lower Highs and Lower Lows pattern but now the stock has broken this pattern and started doing Higher Highs and Higher Lows which depicts the change or trend to uptrend from downtrend. It has given breakout of downward sloping Trendline in Weekly time frame. All the supporting indicators as showing bullish bias on the chart of which snapshots are given below. Weekly trendline breakout with good intensity of volume In Daily Time Frame, Stock has given the breakout of FLAG and POLE Chart Pattern in which we calculate first target as same as the size of pole. Price at the time of breakout is Challenging Upper Bollinger Band Directional Movement Index is also showing strong Bullish Bias Price is Trading above 50DEMA, 100DEMA and 200DEMA MACD in Daily Time Frame - Positive Crossover MACD in Weekly Time Frame - Positive Uptick RSI in Daily Time Frame - Positive uptick and above 60 - a bullish sign Conclusion- overall stock is bullish on chart, one can enter this stock as swing or positional trade following strict Stop Loss. Disclaimer- I am not SEBI registered analyst. My studies are for educational purpose. I am not responsible for any kinds of your profits and losses. please consult your financial advisor before investing your money.
NSE:KOPRANLong
by KARANN_DINGRA
6
AUDUSD BEAR FLAG 30/05/2023 IDEA UPDATEHi Traders! Our AUDUSD bear flag idea on the 30/05/2023 (LINK TO ORIGINAL IDEA BELOW) broke and closed to the downside of the flag around 0.64904 to fulfil our idea. We got to the 0.64583 level (near our 0.64500 forecast) when we noticed a big volume spike on our volume indicator. This let us know that a lot of traders were exiting positions due to the May 2023 Nonfarm Payrolls (NFP) announcement tomorrow. The market is now thin and volatile, so 0.64583 was a great exit price if you entered and held from the flag breakout at 0.64904. We will continue to analyse the markets and inform you if any opportunities arise, but please be careful as the markets are very thin and there is a current lack of volume due to the NFP announcement tomorrow. Please do not forget to comment, like and follow. We appreciate your support. Trade safely and responsibly. BluetonaFX
by BluetonaFX
2
BluetonaFX - GBPUSD TRIANGLE BREAK IDEAHi Traders! We have a simple triangle setup here on the GBPUSD 4H chart. There is a *Vector* level (our unique way of highlighting key and important levels in our FX charts) at 1.22746. The last time we were below 1.22746 was over two months ago around the end of March 2023, so there is bound to be some support if we approach that level again for the first time since April. We are now waiting for a possible break and close to the downside to target 1.22746. If we fail the break to the downside, we have a Vector level to the upside of the break and close of the triangle at 1.25467. Please remember to like, comment and follow. Thank you for your support. BluetonaFX
by BluetonaFX
2
USDJPY BULL FLAG TRADE IDEAHi Traders! We have a bull flag setup here on the 2H USDJPY chart. This usually happens after a big rally up or down (flag pole) followed by a consolidation period before continuing with momentum. We are now in the consolidation period and looking to continue pushing up. The level to break here is 138.878. If this is broken, we expect another push to 139.000 and possibly a test of 140.000. Our long term bullish ascending triangle on the 1D chart (link to this idea provided below) is still in play and also supports this idea. Very important though, that we also look at the possibility of the pattern failing and moving to the downside. PLEASE NOTE: that if the pattern fails, it will turn from a Bull Flag to a Double Top, which is a REVERSAL pattern, and will change from bullish to bearish. The bottom of the flag at 137.424 must hold to avoid the reversal. We do have key levels around the 137 area with a previous resistance swing high around 137.774, so there are opportunities on both sides. Please do not forget to like, comment and follow, we would love to hear your thoughts! Thank you for your support. BluetonaFX
by BluetonaFX
4
Oil set to break its consolidation?Today's focus: Oil Pattern – Ascending Triangle Possible targets – Downside 69.73, Upside 76.50 Support – 71.49 Resistance – 74.05 Hi traders, today we’re looking at oil after yesterday’s fast move down that snapped a three-day winning streak. Could this be the start of a move that breaks out of the current ascending triangle pattern? Sellers have some support to beat, and if it holds, it could hold the price in the consolidation until 74.05 is beaten. We will be watching to see if yesterday’s selling was more than one session and if price could be set to make a new move lower. Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:USOUSD
by Eightcap
TSLA: Bull Trend Pullback - Watch Out for These Key Points!• Yesterday, TSLA did a Gravestone Doji candlestick pattern, just under the $191 resistance line, indicating a pullback; • As I mentioned yesterday, any pullback to the $177 area wouldn’t be the end of the world, as the trend is still bullish (the link to my previous analysis is below this post, as usual); • So far, it seems this is just a pullback, as there’s no bearish reversal structure on TSLA yet; • If TSLA loses the $177, then it might frustrate the bullish sentiment; • On the weekly chart, TSLA is still inside a Descending Channel, and it seems it found a resistance at the upper trend line again; • Therefore, TSLA just reached a key resistance level this week. If it breaks this resistance in the next few days, we will see a meaningful bullish reversal pattern being triggered on the weekly chart, reversing the long-term bearish sentiment seen since 2021. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
AUDUSD - HEAD & SHOULDERS TRADE IDEAHi Traders! We have a head and shoulders setup here on AUDUSD, we are looking for a break and close of the neckline to target the support level of 0.65731. We are also below the 50 Moving Average, which supports the bearish bias, though for us to remain bearish we must break the neckline for a push to 0.65731. If the market reaches there, we expect some support at that level. Please like, comment and follow to support us. We really appreciate it. BluetonaFX
by BluetonaFX
TSLA | TFW Wave Projection Triple Correction - Reversal PatternTesla : Wave projection with a triple combo correction scenario - 1. extended flat 2. zigzig 3. potential a triangle reversal pattern breakout downtrend line. This week is moving below wave b.b.b downtrend baseline, squeezed between ma50w and ma200w - still choosing breakout side. The price could retest and fakebreak ma50w - a possible short entry targeting near the previous liquidity support level. RRR: 2.5:1 Always trade with affordable risk and respect your stoploss!
NASDAQ:TSLAShort
by dukeposh
TSLA: This is Why it Can Explode (Even More).• TSLA just reached another resistance level, after breaking its previous resistance at $177, as mentioned on my previous public analysis (link below this post); • Although it just hit another resistance level at $191, there’s no top signal, nor bearish reversal structure on TSLA yet. Even if we see TSLA dropping, the trend would still remain bullish – remember, pullbacks are different than reversals; • This happens because the trend is still bullish, as TSLA stock is doing higher highs/lows since April 27, and it is clearly above the 21 ema now; • Any pullback to the $177 area again wouldn’t be the end of the world. In fact, when the trend is bullish, any bullish reaction around a support level must be considered an opportunity to buy/add positions; • On the weekly chart, TSLA is on the verge of triggering a Flag chart pattern. This pattern wasn’t triggered yet, but if we see an upwards breakout, then we’ll see a long-term bullish reversal pattern getting triggered for the first time since 2021; • If triggered, this Bullish Flag could easily take TSLA above the $300, long-term speaking; • TSLA is almost hitting the upper trend line, which is another technical resistance level. • Therefore, it all depends on how TSLA will react now that it reached its resistance levels, mid-term speaking. So far, no top signal around, and TSLA looks very promising. Let’s keep our eyes open. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
Rectangle on AUD/CAD @ D1This rectangle pattern on the daily chart of AUD/CAD offers two potential breakout trading opportunities (bullish and bearish). The borders of the rectangle are marked with the yellow lines. My potential entry levels are where the cyan lines are. My potential take-profit levels are at the green lines. They are based on the rectangle width - 10% for the Entry lines and 100% for the TP lines. The stop-loss can be set to the low/high of the respective breakout candle (not shown on the chart).
by AndriyMoraru
2
BTCUSD | 1st ABC Correction A-wave Target ProjectionA potential bullish scenario : 1st ABC correction zigzag pattern with upcoming wave 5 of c-leg targeting 0.382 retracement of previous 5X motive wave move between 24-25K However, wave 1 and 3 in c-leg are extended, wave 5 can be the shortest wave and truncation is still possible. Action: A safer long entry can be placed when breakout downtrend line 2-4 or above wave 4 of c -leg, targeting the upper resistance of the bull flag. Always trade with affordable risk and respect your stoploss!
COINBASE:BTCUSDLong
by dukeposh
NVDA: Inside a Dangerous Trap Zone.• NVDA is trading inside a Trap Zone, between the $289 resistance and the ascending 21 ema, which is squeezing the price as time passes; • Only a breakout of one of its key points would bring something new to NVDA. Usually, Trap Zone breakouts are quite powerful; • By breaking the resistance at $289, NVDA would just resume the bullish sentiment, and the next resistance is only at $313; • The bias is already bullish, and NVDA is in a bull trend, because it is doing higher highs/lows and it is above an ascending 21 ema. Therefore, an upwards breakout is more likely; • However, what if it loses the 21 ema? In this case, the next technical target is the $272, which is the trigger point of a possible Double Top chart pattern. • There’s a Descending Channel on the 1h chart, and if NVDA breaks it upwards, it’ll just reinforce the bullish sentiment; • By losing it downwards, NVDA would probably lose the 21 ema on the daily chart as well, and the next technical target is the $272 (black line); • As mentioned above, the $272 is a trigger point of a Double Top pattern, on the daily chart, and the technical target for this pattern is the $262 area (blue line); • Therefore, it all depends on how NVDA will react from here, and to which direction the breakout of the Trap Zone will occur. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
1