Poly Med Buy Above 1000this stock has failed in the channel pattern recently,
so if it break this both channel & trendline than buying above 1000 level ,
it is high probability tade.
Breakoutsignal
ABCL - Cup & Handle Breakout TradeAbcellera Biologics is a biotech stock setting up in a textbook cup with handle pattern.
The stock has growing institutional sponsorship as shown in the chart from MarketSmith on the chart. It also has a relative strength ranking of 97/100.
Shares formed a cup with a 37% depth and have since drifted back slightly to form a defined handle.
I will consider buying on a break above the dashed downtrend line of the handle.
Redington breakout on weekly chartCMP 178.30 | Positive indicators and moving averages| Breakout on weekly chart with good volume | Bullish momentum
SL 165 | T1 - 200 | T2 - 240
*Not recommendation
SKIPPER LTD - close/possible breakoutCMP 90.70 | Possible breakout | High Volume | Positive indicators
- Key level 94
- Rounding bottom
- Close to multiyear breakout
*Not recommendation
RHIM BREAKOUT RHIM has given a breakout on the daily charts breaching the trendline levels of Rs 751 and 52 week high of 739.
Made all time high
Stronger volumes are also visible
However on the 5 minute charts the stock has shown profit booking in last 0.5 hours but has taken support at crucial level of 780.
QuickTrade 191 : ETSYIn case of break...
Long, looking for a bullish test of the 21h on the 50h
Short, looking for a bearish cross of the 21h on the 50h
How to trade Breakout/Breakdown from consolidation pattern?1) What is a consolidation?
Consolidation means when the price of a stock or security moves sideways within a range.
In this pattern the price makes the same highs and/or same lows. The highs form a resistance level, and lows form a support level. The longer the consolidation is, the stronger the breakout/breakdown will be.
When the price is moving within the range you can not really predict if it will go up or down, you always have to wait for the breakout/down to enter the trade. Once the channel is broken it usually leads to a stronger up/downtrend.
Breakout
We are talking about Breakout pattern when the price that has been moving within the range of the consolidation pattern breaks above the previous resistance line. At this momentum,
when we have a confirmation candle, there is a high probability that it can be a start of a new uptrend, and we can enter the trade.
Breakdown
In case of a Breakdown, the price is moving downwards, and not only hit but breaks out of the support level. We need a confirmation candle to ensure that there is a high probability that bearish momentum will trigger the start of a new downtrend and it is a good time to enter short.
2) What are the valid consolidation patterns?
Consolidation pattern does not mean in every case that the price must make the same highs and the same lows at the same time. For a Breakout pattern from the consolidation we want to see a strong, flat top resistance line that is tested three times or more. The price can either make the same lows or higher lows.
On the other hand, when we are talking about a Breakdown from the consolidation, we are always looking for a strong support line that is tested at least three times before. In this case,
the consolidation pattern can be either making same highs or lower highs.
3) How to identify a Breakout/Breakdown momentum and which indicators to use?
We only want to enter the trade on a breakout/breakdown with a high probability of succeeding and for that we always want to see a confirmation candle after the price breaks above or below the range to avoid false breakouts. For a Breakout, the candle must be bullish and open and close above the resistance level and it must be near the 20EMA.
In case of a Breakdown the bearish candle body must open and close below the support line and the breakout candle must be near or touching the 20EMA.
Indicators (examples)
Force Index (13) measures the strength of the volume. When the Force Index is above the zero line, that tells you that the market is bullish. If the price goes under the line, the price is bearish. So, when we want to go long, make sure that the Force Index is above the signal line and it’s rising. When we want to sell, then the Force Index should be under the signal line and falling.
or
MACD (12,26,9) When the MACD line is above the signal line, it means that the momentum is bullish (good if you want to go long) if it goes under the signal line, means the market is bearish (great time to enter short).
GIC HOUSING FINANCE LTDHello and welcome to this analysis
It is on the verge of an Inverse Head & Shoulder breakout above 150 for 170/180/195.
From past data its been observed that an IHS which forms after a steep correction, in this case both in terms of price and time the reversals usually suggesting this could turn out to be a major trend reversal for the medium and long term.
Happy Investing
SAIL breakout NSE:SAIL
SAIL is now on the verge of breakout.
It broke the 200 and 50 EMA on Weekly frame.
Broke the previous resistance of 84.5
Can wait for breakout of trendline.
Target - 150
SL - 72
breakout on BCHLooks like a breakout from falling wedge on BCH chart. November will most likely be a bullish month. can't say the same about christmas time. but we'll see.
S&p500 on a bullish run. 4000 in sight S&p500 is on a bullish run after breaking and testing the 3800. I see next stop to be 4000. Basically my tp.
Disclaimer
Not a financial advise. Only use for education purposes
2CRZ coiling up A possible new move could be near. 2CRZ bounces between support and resistance zones for time being. 200SMA on 1hr near the resistance zone. Break above this zone and 200sma have an excellent chance to trigger the next move up. Bellow our support zone we have one more significant level at 0.00282-0.00283 that has held strong 2 tests in the last week. I'm planning to enter at that level also if 2CRZ does another retest of it.
IDEX Breakout $we are testing our breakout zone above the 0.37$, if we open the the market above that level and hold above it , we going to test our 2 profit taking , if we opened below the 0.37$, we need to hold the support above the 0.34$ to confirm the strength of the bull and go up to break the 0.37$ and continue towards our profit taking .
$BAH is breaking out of a ~21 month long base! Can it go higher?Notes:
* Strong up trend on the higher time frames
* Great earnings track record
* Broke out of a ~21 month long base
* Higher than average weekly volume and coming off from its 10 week line
* Also breaking out of a smaller consolidation of ~12 weeks
* Gaped up a couple of days ago and is now coiling
* Broke historical resistance around the $97 area
Technicals:
Sector: Industrials - Consulting Services
Relative Strength vs. Sector: 3.15
Relative Strength vs. SP500: 2.07
U/D Ratio: 1.37
Base Depth: 7.78%
Distance from breakout buy point: 0.23%
Volume 55.27% above its 15 day avg.
Trade Idea:
* Now's a great time to buy since the price is just breaking out and is close to the break point
* If you're looking for a better entry you may look for one around the ~97.85 area as that should hold as support
Ichimoku cloud won't break!We have only touched the bottom of this cloud 4 times now in almost 12 years. Everytime we do, it means something huge for ole' BTC. First two times it indicated approx. 30x gainz. Second time, 20x. Third time 10x?
We shall see folks. Buckle up cuz' either way I smell something big!
Stew
Shanti Gears : Record high with Strong Price actionBullish above 245 close 1 day
Target : 270, 320, 465
SL : 208
Risk is yours and Reward is too yours totally
key point of logic : Record high with N Shape Pattern found on daily chart with increasing volume
💰BUY NZDUSD at the best price and place🧨🔰You can see the analysis of the New Zealand dollar to US dollar currency pair in a 15-minute time frame (NZDUSD_ 15min) 🔍🧨
💥If the price breaks the Down trend line🖤, if the price returns to the DEMAND zone, it can rise to the SUPPLY zone🚀🔺
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
_______📈TRADER STREET📉______
KOK - small ascending triangleKOK printing small ascending triangle (bullish pattern). So we have a good chance to see a break above this resistance zone above. Don't be surprised to see a retest of the support zone below before pushing up, so don't buy this under the resistance zone as you might get stopped. Best entry at support retest or breakout with volume increased.
Good luck traders
Thanks for support
UFO possible next legUfo has a chance for the next leg up. The first sign is a break above this small resistance level above. we need to increase volume for a successful move up. Details on the chart
Good luck traders
Thanks for support
UTK NEXT LEG SOON?Possible next leg expected. Looking like it found support. Entry on the breakout with increased volume. The oscillators look ok for possible push up.
Good luck traders
Patanjali - inverted head and shoulder on hourly chartInverted head and shoulder on Patanjali foods
Close below 1300 could be a good short candidate
ROSEUSDT time to create the Breakout?The price had a big bullish impulse after Facebook's news, and now the price comes back into the demand zone. the price is creating a descending channel below the daily resistance
How to approach it?
IF the price is going to have a breakout and retest the resistance as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
