330 % PROFIT. I analyzed Triangle Pattern on (19-01-2021).I have identified and Analyzed a "Triangle Pattern" on 19-01-2021, at that Time the Price was 45 rupees. Now SUCESSFULLY Breakout Triangle Pattern and Reach the Triangle Target. Overall PROFIT 330 % within 3 years. So the Pattern is most Crucial in stock market.
I want to help people Make Profit all over the World throughout my entire life. Additionally, I am eager to Receive Money form Worldwide because of my Potential.
Refer this image : charts.fyers.in
5-0-pattern
STRONG "HEADED" REVERSAL COOKING UP?? - UCADHere I have USD/CAD on the 1 Hr Chart!!
Price attempted a BULLISH BREAK of the Falling Resistance but was quickly halted and retuned to the Low created before the MASSIVE PUMP!
Now on closer examination, price seems to have a underlaying Reversal Pattern beginning to take "Face".
A HEAD AND SHOULDERS PATTERN!!
Now with our "Neckline" @ 1.36567 being confirmed after the formation of the First Shoulder and Head, we can expect to see 1 last attempt at a HIGH!!
This HIGH I believe will be at the Same level as the First Shoulder, forming the Second, which will be CONFIRMATION OF PATTERN!! Then, upon arrival back at the Neckline, we will be looking for SELLING OPPORTUNITIES!!
**IF Price BREAKS & CLOSES ABOVE the First Shoulder @ 1.36984, Pattern is INVALIDATED!!
First Profit Target Zone will be at the SUPPORT ZONE @ ( 1.3627 - 1.3600 ) Range
🔥 Bitcoin's HUGE Cup & Handle Pattern Breaking Out!In this analysis I want to take a look at a long-term pattern that BTC has been following over the last few years. In my eyes, BTC's price action closely resembles a cup&handle pattern, which is a bullish break out pattern.
Assuming that the handle's low is in, we can place our stop right below it. Target at 150k. Be aware that the pattern has not yet been completed; wait for a new all-time high before entering a position.
Share your thoughts!
BTC - Path of least resistance and maximum painI'm not a conspiracy nut but giving room for belief in conspiracy theories, let's say the entire crypto market is a "washing machine" for various fronts. It just doesn't have any practical utility right now, that makes the world a better and safer place. The possibilities are endless but let's just say it hasn't been leveraged for any noble cause, yet. Sakamoto Natoshi would be turning in his grave should he know what his noble invention was being used for, if indeed it was a noble act from the get go.
Bottomline, it has a shade to it's existence, and as such can only be construed to serve malicious intentions of governments, authorities and the rich.
So it is always bound to opt the path of least resistance and maximum pain, as far as common folk are concerned, i.e. acting against them.
Now stepping into reality, considering common folk, retail traders and institutions who are involved in this charade.
Common folk: I meet people constantly who have never heard of bitcoin, also people who learnt about it's existence just now in 2024!
A subset of this common folk with some grasp of how world economics work and an appetite for risk want a piece of the action.
Retail Traders: I'm not sure if the term "retail traders" also encompasses the so called "whales". I'm assuming not. So let's say everyone working with a portfolio value of 1BTC or less. From this category (at least the sensible and well educated) never expected what happened in the first 3 months of 2024.
But now that we are where we are, they also want a piece of the action(including myself), knowing very well they could be too late at the scene.
Institutions: All the hedge funds and their 60+ grandpa managers who do not understand technology are also now a part of this charade, in addition to various tech companies and their CEOs, playing we know it all.
"Apparently" the whole rally is attributed to the ETF inflows from said institutions. And somehow there is this sense of unshakable faith in the air, if these institutions are already invested, BTC is bound for the moon and it can never look back again. There are preposterous articles on how any price below 70k was a buy!
Everything mentioned so far isn't an established fact! Let's now turn to tangible facts we know, our dear charts! Hoping and praying to the good lord, that this data is also not fabricated.
The 12 month candle on the left is as big as it's ever gotten. We still have 7 months left to go until the candle closes. And looking at the volume, we are at 450k on this particular exchange, compared to an average of ~2 million on previous full candle.
Assuming half a million traffic per quarter, this volume does make a lot of sense but what it doesn't correlate to, is the ETF's inflows. If anything, it should be double or triple the average based on all the news about the kind of money that's been inflowing. Very skeptical!
If I were any sensible and should I consider myself in the position of a market maker, I see a lot of paths testing and breaking supports(the beaten path), rather than price discovery(the road not taken). Because,
-who dares to buy any further?!
-retail is already late to the party, don't want that portfolio eroding
-institutions are "supposedly" already invested, who are they going to sell it too? They should be idiots to buy it all over again all the way to 100k, coz if nobody wants to buy now, who's gonna buy at 100k?!
-halving has reduced the supply, there is less supply for the next 3 quarters than the previous 12 month candles and it makes sense to buy/sell lower again than at the 100k or 130k area
On the contrary, looking at the perspective of taking bitcoin away from the common folk's reach, it does make sense to drive the price into the 6 figures. But then again, if you take it away from the common folk's reach, how is the so called "evil system", that's basically designed to prey on simple minds, supposed to work?!
I know, I know, I'm rambling! The point is, I don't see this going to the moon any time soon! And I could be completely wrong about this and may have already fallen for the trap that's set for all of us! Time will only tell.
Heartfelt thanks to anyone who's managed to reached thus far, please leave a like if you did like the read or teach me a swear word in your mother tongue down in the comments, for wasting your time! Peace!
xauusd analysis for the dayBefore the much anticipated FOMC meeting market has fallen deep down to 2376 area and we have predicted this fall two days before.
now there is a demand pressure in 2365-2370 area and if market breaches 2376 it can go upto 2420.
support area : 2365
tp ; 2383
tp : 2393
tp : 2397
tp : 2407
tp : 2420
🔥 BONK On A Run: New Highs Soon!In my last BONK analysis I discussed the bull-flag pattern and the expected reversal from the support. The trade was a great success, congratulations!
Since we broke through the resistance on high volume, I'm expecting that BONK will make a move towards the 5000 area (March top).
If BTC manages to make a new all-time high in the near future it can mean that BONK can see much more gains from this point.
Wipro is ready to blast for 750 Targets !!Wipro Chart is Bullish after 20% correction
Wipro is on Law of Polarity working from 2021
Stock has achieved the targets of LOP which was coming around 550
And stock has corrected exactly from there !!
Now stock is around Law of Polarity and also Wipro is making Falling Broadning pattern in an uptrend which indicating Bullishness.
Stock is still around the support area and looking lucrative.
Thank You !!
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
ETH - Deja Vu🦋Hello TradingView Family / Fellow Traders,
For those who know me, I always enjoy studying previous price action.
📌Today, I want to share an interesting pattern I found on ETH.
Back in Summer 2021, ETH experienced a parabolic bullish impulse (depicted in blue), followed by a correction (shown in purple) to reject the $3000 support before commencing another bullish impulse movement.
If we apply the same logic to the current price action, ETH is currently in the correction phase, rejecting the $3000 support.
Thus, I will be looking for buy setups on lower timeframes, speculating on the next bullish impulse movement.
Of course, this pattern will be invalidated if the $3000 mark is broken downward.
🗒 What do you think? Will history repeat itself?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember:
All Strategies Are Good; If Managed Properly!
~Rich
XAU/USD SHORT RETRACEMENT FOR HL AND CHART PATTERN. Given the current price of XAU/USD at 2418 and a target price (TP) of 2390, here’s a detailed technical analysis and trade setup for a short trade based on the specified conditions.
### Technical Analysis for XAU/USD Short Trade
#### Current Market Context
- **Current Price:** 2418
- **Target Price (TP):** 2390
- **Pips Targeted:** 28 pips
#### Key Technical Indicators
1. **Support and Resistance Levels:**
- **Resistance:** The recent high and significant resistance level. Let's assume recent resistance is around 2425.
- **Support:** Target support level at 2390.
2. **Moving Averages:**
- **50-period EMA:** Check if the price is below the 50-period EMA on the 1-hour chart, indicating bearish momentum.
- **200-period EMA:** Confirm if the price is also below the 200-period EMA to reinforce the bearish trend.
3. **Relative Strength Index (RSI):**
- **RSI Level:** Ensure the RSI is below 50 on the 1-hour chart to confirm bearish momentum.
- **Overbought/Oversold:** Ensure the RSI is not in the oversold region (below 30), which could indicate a potential reversal.
4. **Fibonacci Retracement:**
- Draw Fibonacci retracement levels from the recent swing high to the recent swing low.
- Identify key Fibonacci levels around the current price and check if there is confluence with other indicators.
5. **Candlestick Patterns:**
- Look for bearish reversal candlestick patterns on the 15-minute and 1-hour charts (e.g., bearish engulfing, shooting star).
#### Trade Setup
1. **Entry Point:**
- Enter the short trade at the current price of 2418.
2. **Stop-Loss:**
- Place the stop-loss above a key resistance level. If recent resistance is at 2425, consider a stop-loss around 2428 to allow for market noise.
3. **Take-Profit:**
- Set the take-profit at the target price of 2390.
#### Example Trade Plan
- **Entry Price:** 2418
- **Stop-Loss:** 2428 (10 pips above entry)
- **Take-Profit:** 2390 (28 pips below entry)
- **Risk-Reward Ratio:** 1:2.8
#### Risk Management
- **Position Sizing:** Determine position size based on risk management rules. For example, if you risk 1% of your account on this trade, calculate the position size based on a 10-pip stop-loss.
- **Monitoring:** Continuously monitor the trade for any signs of reversal or unexpected news that could impact the market.
#### Example Calculation for Position Size
Assuming a trading account with $10,000:
- **Risk Per Trade:** 1% of $10,000 = $100
- **Stop-Loss Distance:** 10 pips
- **Value Per Pip:** $10 (for a standard lot)
Position Size = Risk Amount / (Stop-Loss Distance * Value Per Pip)
Position Size = $100 / (10 pips * $10 per pip) = 1 standard lot
#### Conclusion
The trade setup for shorting XAU/USD at the current price of 2418 with a take-profit target of 2390 and a stop-loss at 2428 offers a favorable risk-reward ratio of 1:2.8. By using key technical indicators such as support and resistance levels, moving averages, RSI, Fibonacci retracement, and candlestick patterns, the trade is well-structured and aligned with market analysis.
---
This analysis is hypothetical and for educational purposes. Actual trading decisions should be based on real-time data and individual analysis. Always ensure proper risk management when trading.
After exiting from triangle, Ethereum can continue to growHello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price declined to the resistance level, which coincided with the seller zone and even fell below this level but soon backed up to the seller zone. ETH some time traded in this area and later rebounded up to 3717 points, after which it turned around and made a downward impulse to the support level, which coincided with the buyer zone, breaking the 3360 level. Also, the price started to trades inside the triangle, where it bounced from the 2875 level and started to grow to the resistance line, which their moment coincided with the resistance level, after which it rebounded and fell to the buyer zone. But soon Ethereum turned around and rose back to the resistance line, but couldn't fixed and fell back to the support level. Some time later price made an upward impulse from this level and a not long time ago Ethereum exited from the triangle pattern. Now I think the price can make a small correction move and then continue to grow. For this case, I set my target at the 3360 level. Please share this idea with your friends and click Boost 🚀
🔥 MATIC Massive Triangle: Accumulation Before Break OutMATIC has been trading inside this massive triangle for over 2 years at this point. Chances are that it will take another year before MATIC will finally break out of this pattern.
In my view, this triangle is a huge accumulation area where traders are loading in their bags in preparation for the next leg up.
This can really fly once we break out. Time will tell. Patience is key.
🔥 FTM: Huge Reversal Possibility From Major SupportFTM has been trading in a very strong bullish trend since October of last year. This analysis is based on the idea that FTM will keep trading alongside the bottom purple support.
I'm waiting for a minor sell-off towards the entry, or when the price hits the bottom support line. Target at 2$ and the stop below the most recent local low.
The stop is very tight. If you prefer a higher probability trade (but lower RR) put the stop at 0.54
TRX - Inverse head and shoulder - Breakout ImminentBINANCE:TRXUSDT (6H CHART) Technical Analysis Update
TRX is currently trading at $0.12346 and has formed a inverse head and shoulder pattern. Price is currently around the resistance line, if see a resistance breakout then we have potential for a good LONG Trade.
I will wait till we have a confirmed breakout of the resistance and enter the long trade only after that.
Entry level: $ 0.12461 (Candle Close above this)
Stop Loss Level: $ 0.11752
TakeProfit 1: $ 0.12778
TakeProfit 2: $ 0.13172
TakeProfit 3: $ 0.13764
TakeProfit 4: $ 0.14398
Max Leverage: 5x
Position Size: 1-2% of capital
Don't forget to keep stop loss.
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Cheers
GreenCrypto
🔥 Bitcoin Inverse Head & Shoulders! New All-Time High Soon 🚀Over the last week or so I've made a few posts on Bitcoin's inverse head & shoulders pattern, which is a bullish reversal pattern.
In my initial post below I expected the reversal to come in earlier, but apparently we first had to go down more before the right shoulder was completed.
As of now, the H&S pattern is confirmed (unless we dump in the next ~30 min). In my eyes, this could be the start of the next leg up towards the current all-time high, and likely beyond.
BITCOIN - Price can bounce up from support line of wedgeHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price entered to falling channel, where it soon broke $68900 resistance level and fell to support line.
Next, price tried to grow, but failed and declined to $60100 support level, after which bounced up.
BTC rose to resistance line of channel and then continued to decline near this line, after which made downward impulse.
Price exited from falling channel, and entered to wedge, where it broke $60100 level, which coincided with support area.
Soon, price bounced from support line of wedge and rose to resistance line, breaking support level again.
Recently BTC fell to this level and now I think price can bounce up from support line to $66500 resistance line of wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Gold Market Update Exploring TrendsDiscover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential upside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
HDFC LIFE is going to blast !!HDFC life is a underperformer for Many years.
Stock is forming Broadening Pattern in a long term
We can see stock has bounced back from the support and now in an uptrend stock has formed Falling wedge
Which indicating that stock may go up from hereon
Also Stock is around the support of Falling wedge
Long term support is around 480-500 levels.
One can start accumulate the stock for good return !!
Thank You !!