EURCAD still bearish expectations
EURCAD in last week we are have strong bearish trend, technicalls are be strong bearish and one of impacts is come from USD weakened.
On 4h TF we can see bearish expanding triangle, bounce from top zone of triangle is start on 26.8 price is fall 200PIPS.
Now for new week, next periods, based technically here still strong bearish expecting.
Based on price action can see 1.49500 strong zone is breaked on 30.8 Friday, which will use for one more good sign for bearish still to see.
TP1: 1.47100 (200)
All best, here for comments, stay tuned!
Trianglepattren
Microsoft - Correction Is Not Over Yet!Microsoft ( NASDAQ:MSFT ) can still drop a little lower:
Click chart above to see the detailed analysis👆🏻
It seems like the correction on Microsoft is not over yet and following previous price action and market structure, a move back to the previous triangle breakout level seems to be quite likely. However Microsoft still remains in an overall bullish market so looking for long setups is best.
Levels to watch: $350
Keep your long term vision,
Philip (BasicTrading)
Tesla - Possibility Of A BreakoutNASDAQ:TSLA can break out soon:
Over the past two weeks we saw an incredible stock market rally and also Tesla completely reversed the flash crash which we saw in the beginning of August. It is still quite possible that Tesla will break out of the long term triangle and immediately head back to the previous highs.
Levels to watch: $230, $400
Click chart above to see the detailed analysis👆🏻
Keep your long term vision,
Philip (BasicTrading)
ORCHPHARMA Giving a Strong BreakOutOrchid Pharma Ltd. engages in the development, manufacture, and marketing of diverse bulk actives, formulations, and nutraceuticals. Its products include cardiovascular, anti-diabetic, neuropsychiatry, nutritional supplements, cephalosporins-orals, cephalosporins-injectables, veterinary products, and non-antibiotics. The company was founded by Kailasam Raghavendra Rao on July 1, 1992, and is headquartered in Chennai, India.
Can Keep
Stop_Loss - 1,400
Target_1 - 1,625
Target_2 - Trail With 20-EMA
COIN short to $150?!While we wait to see this larger triangle (in white) play out, I see an interesting potential short on Coinbase. It looks to me that despite an arguable crypto bull market, Coinbase might need to retrace and set some new bullish technical structure -- perhaps an inverse head and shoulders, or bull flag -- before moving up later this year.
Momentum indicators also suggest a bearish turn is on the horizon. I've marked my TP zone in cyan and plan to take some off the table almost immediately if we get an impulsive move down.
Important caveat: I recognize that we've been trading in a parallel channel (yellow) for about 150 days, which might imply a bounce. In the medium term, I also think NASDAQ:COIN is likely to break this white triangle bullishly, rallying with a broader move up in the crypto markets.
pepe → tiny correctionhello guys!
Chart Overview:
- after the price made a symmetrical triangle, it broke the top line
- it is forming a range or rectangle right now!
Trend Analysis:
- Pepe is in compression now
- we can consider an upcoming downward!
Price Patterns:
- There are two potential correction zones within the rising trend:
1. Around the $0.0000107 level.
2. Between 0.0000099 and $0.0000094.
Bullish Trend Confirmation:
- if the range area breaks down it will confirm the downward movement
✎Actionable Insights:
- you can take a risk and enter the short position right now and put two previous area as a target!
- or you can wait until the range breaks down then get a short position until the blue area will be touched!
___________________________
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❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
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Gold Dominance in age of fiscal dominance Gold price made triple bottom at 1620 two years ago since than gold flying on daily chart
Rich people and central bank gold buying because us fiscal policy is dominating fed monetary policy. One of the biggest reasons economists forecast of recession has been proven wrong constantly.
If USA doesn’t stop its government spending and fed easy money policy aka fed put
Than dollar collapse can drive gold price much higher longer term
Or if things reverse soon or after election than gold can stop going up too
MEW forming an Symmetrical Triangle PatternMEW making her ready for the last wave to go down of symmetrical triangle. If it hits support then I expect MEW to go up and then wait for a breaktrough of the Resistance area.
If we have a succesfull breakout MEW can go up atleast 70%.
What are your thoughts?
Always DYOR this is no financial advice.
SWING IDEA - INDRAPRASTHA GAS (IGL)Consider a compelling swing trade opportunity in Indraprastha Gas Limited (IGL) , a leading natural gas distribution company in India.
Reasons are listed below :
Attempt to Break Triangle Pattern : IGL is attempting to break out of a triangle pattern, indicating a potential shift in market sentiment and the beginning of a new trend.
Bullish Marubozu on Daily Timeframe : The presence of a bullish Marubozu candlestick pattern on the daily timeframe signals strong buying momentum and potential upward movement.
Broke Consolidation of 5 Months : IGL has broken out of a consolidation phase lasting 5 months, suggesting a breakout from range-bound trading and potential sustained upward movement.
50 and 200 EMA Support on Weekly Timeframe : The stock finds support at both the 50 and 200 Exponential Moving Averages (EMA) on the weekly timeframe, indicating bullish momentum and potential for trend continuation.
Constant Higher Highs : IGL consistently forms higher highs, reflecting a trend of increasing bullish momentum and reinforcing the potential for further gains.
Target - 515 // 585
Stoploss - weekly close below 394
DISCLAIMER -
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@visionary.growth.insights
Sell GBP/USD Triangle FormationThe GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2970.
Target Levels:
1st Support – 1.2910
2nd Support – 1.2874
Stop-Loss: To manage risk, place a stop-loss order above 1.2997. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
Gold (XAUUSD) _ Triangle Pattern Target Reached In XAUUSD, Triangle Pattern formed and Breakout and also Now Reached the Triangle Pattern Target. I Published my Analysis in TradingView on June 27, Triangle Pattern Breakout on July 3rd, and July 15 Reached the Triangle Pattern Target.
Refer to this image below,
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Analysis Published on June 27 :
1st Target :
ZKUSDT Triangle Pattern!ZKUSDT technical analysis update
ZK has formed a triangle pattern, and the price is breaking the triangle resistance on the 4-hour chart. If the 4-hour candle closes above the resistance, we can expect a good upward move in ZK.
Buy zone : Below $0.17
Stop loss : $0.154
Regards
Hexa