? ? Setup Type: Bullish Breakout (Trendline Break + Momentum Shift) ✅ Trade Plan (Long Position) ✅ Entry Zone: Above $49.83 (Breakout Confirmation) ✅ Stop-Loss (SL): Below $49.10 (Support Level) ? Take Profit Targets (TPs) ? TP1: $50.80 (Previous Resistance Zone) ? TP2: $51.82 (Breakout Target & Major Resistance) ? TP3: $53.00+ (Extended Upside Potential) ? Risk-Reward Ratio Calculation ? Risk (SL Distance): $49.83 - $49.10 = $0.73 risk per trade ? Reward to TP1: $50.80 - $49.83 = $0.97 (1:1.3 R/R) ? Reward to TP2: $51.82 - $49.83 = $1.99 (1:2.7 R/R) ? Reward to TP3: $53.00 - $49.83 = $3.17 (1:4.3 R/R) ✅ Favorable risk-reward ratio with strong breakout potential! ? Technical Analysis & Strategy ? Trendline Breakout: Price has broken above a descending trendline, signaling bullish momentum. ? Key Resistance Flip: Reclaiming $50.80 strengthens the setup. ? Volume Confirmation: High buying pressure above $49.83 confirms strength. ? Momentum Shift: Bullish structure forming higher highs and higher lows. ? Trade Execution & Risk Management ✔ Wait for Confirmation: A 30-min candle close above $49.83 strengthens the breakout. ✔ Adjust Stop-Loss: Move SL to break-even ($49.83) after hitting TP1 ($50.80). ✔ Partial Profit Booking Strategy: ✔ Take 50% profits at TP1 ($50.80) and let the rest run toward TP2 & TP3. ✔ Adjust Stop-Loss to Break-even ($49.83) after TP1 is reached. ⚠️ Risks & Considerations ❌ Fake Breakout Risk: If the price falls back below $49.83, exit early. ❌ Market Conditions: Ensure volume supports the breakout. ? Final Thoughts ✔ Bullish Setup – Strong upside potential. ✔ Trendline Break + Momentum Shift – High confluence setup. ✔ Favorable Risk-Reward Ratio – 1:4.3 toward TP3. ? Stick to the plan, manage risk, and trade smart! ?? ? #TPG #Stocks #Breakout #TradingView #ProfittoPath ??
Let's take a look at charts for the S&P 500 SP:SPX S&P 500 and the Nasdaq Composite Index NASDAQ:IXIC to see where the market might be heading. The S&P 500’s Technical Picture Take a look at the S&P 500’s chart going back to early January: https://www.tradingview.com/x/4dazX7EK/ Check out the market action from last Friday (March 14) -- a day when New York Stock Exchange winners beat losers by roughly 16 to 3. Advancing volume took a commanding 90.1% share of composite NYSE-listed trade, and an almost as impressive 80.8% share of composite Nasdaq-listed activity. However, aggregate trade nonetheless dropped 3.1% on a day-over-day basis across NYSE-domiciled names and 0.8% for Nasdaq-listed ones. In other words, there was less conviction in last Friday's rally than was visible in any of the recent down days that led to that session. As a matter of fact, that Friday was the quietest trading day for S&P 500 stocks since Feb. 20 -- more than three weeks earlier. Hence, we could probably not call Friday’s rally a change in trend. Then came the Federal Reserve’s latest monetary-policy statement and press conference this past Wednesday (March 19). The Fed left rates unchanged, but its “dot plot” reiterated that the central bank still expects to cut rates by 50 basis points this year – news that helped send the S&P 500 and Nasdaq up more than 1% each. Would technical analysis have told us to expect this? Well, readers will note that the chart above shows a so-called “double top” pattern of bearish reversal from early January through late February (marked “Top 1” and “Top 2” in the red boxes above. Next, the S&P saw what we call "Day One" of the bearish change in trend on Feb. 21, marked with an orange box in the chart above. A “Day One” isn’t necessarily the first day of a trend change. Instead, it’s merely the first day of a trend change that occurs broadly and on sharply increased trading volume. The S&P 500’s “Day One” above was followed by a so-called "Confirmation Day" on Feb. 27. A “Confirmation Day” is a session that confirms a trend change. It can come anywhere from two days to several days after the Day One. However, a Confirmation Day must represent a broad move and come on increased trading volume -- and there’s also a catch. There must be a pause in between the Day One and the Confirmation Day. This suggests that portfolio managers took some time, thought about what they were doing and then continued to either increase or decrease exposure depending on the Confirmation Day’s pattern (up or down). Without this pause, what we would have is one long move that doesn’t confirm anything technically. In the above chart, all of what we saw was a spot-on sign of a double-top pattern. But next came a so-called "Outside Day" on March 3 -- a one-day pattern that hinted at increased volatility to come. An Outside Day occurs when the trading range of a given day completely envelopes the day prior and the open and close of said day also encompass the open and close of the day prior. This one-day pattern often signals a coming period of increased volatility. Next, the S&P 500 saw a so-called "faux Day One” last Friday, March 14. That could have kicked off a bullish change in trend, but the S&P 500 rose on light trading volume. Additionally, the SPX never made a serious run at retaking its 200-day Simple Moving Average (or “SMA,” marked with a red upwardly sloping line above). Technical analysis won’t tell us much about the S&P 500 (or the Nasdaq Composite, for that matter) as long as those indexes trade below their 200-day SMAs. That often keeps portfolio managers on the sidelines. In fact, much of the swing crowd tones down their activity as well as long as the major indices don’t even make a run at their respective 21-day Exponential Moving Averages (or “EMAs,” denoted by the green line above). Also note that even on the down day of March 18, the S&P 500’s trading volume (marked with gray bars in the chart above) continued to tail off a bit, indicating increasing uncertainty. That said, readers will see a slight uptick in trading volume for this past Wednesday (Fed Day). The S&P 500 was up nicely that day, and got off to a good start on Thursday (March 20) as well. Alone, that’s not enough to christen a new "Day One" of a bullish trend reversal, partly because the Nasdaq Composite was not as active (as readers will see below). Typically, Wall Street would like to see both major indexes up on sharply increased trading volume to declare a “Day One” bullish reversal. The SPX and Nasdaq have come very close to allowing us to do that, but don’t appear to be there yet. Technical Analysis for the Nasdaq Composite Index Next, let’s look at the Nasdaq Composite’s chart going back to early December: https://www.tradingview.com/x/bTSbtwbz/ The Nasdaq appears more challenged than the S&P 500 at this time, but both are close to giving us the first step of what the bulls need to see. As with the SPX, the Nasdaq Composite saw a “double-top” bearish pattern in December and January (marked “Top 1” and “Top 2” above). The index then saw a “Day One” and a “Confirmation Day” in late February, followed by an “Outside Day” on March 3. It then saw an “Up Day” on March 19, although on lower trading volume. And as with the S&P 500, the Nasdaq Composite has yet to retake its 200-day SMA (the upwardly sloping red line in the chart above). The Bottom Line Add it all up and the major US equity indices look like they remain in a downtrend. We still need to see a "Day One” move to the upside, then a pause and then a "Confirmation Day." That could take up to a week, but to rush into things without confirmation is closer to gambling than it is to trading. Again, the 200-day SMA is perhaps the most important item to watch on these charts. That's where large flows of capital will come from … if portfolio managers decide to increase their overall long-side exposure. (Moomoo Technologies Inc. Markets Commentator Stephen “Sarge” Guilfoyle had no position in the securities mentioned at the time of writing this column.) This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. 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BSOFT :In the last 6 months tested 400 from its Sep,2024 high of 688,going by the price volume move at lower time frame intervals and FIB Retracement levels,i would like to bet and do sort of bottom fishing IF it MANAGES TO HOLD ABOVE 415 levels for a TGT1 of 450 TGT2 :480 TGT 3:500 TGT 4 :530+(For educational purpose only)
Current Market Conditions: Timeframe: 15-minute chart Price Action: Strong bearish momentum with a major breakdown below support. Key Levels: Previous Support: Around $3,020 - $3,025, now acting as resistance. Current Price: $3,013.80 (as of screenshot). Next Support Target: Around $3,000 - $2,995 (psychological level). Your Trade Breakdown (Sell Position) 1️⃣ Entry Confirmation: The break and retest of support zone confirm bearish strength. Big red impulse candle shows strong momentum, meaning sellers are in control. 2️⃣ Stop-Loss (SL) Placement: Above the broken support, ideally $3,018 - $3,020 (previous key level). If price closes above $3,020, it could invalidate the sell setup. 3️⃣ Take-Profit (TP) Targets: First TP: $3,005 (recent low and possible reaction area). Second TP: $2,995 (psychological support, strong area for buyers). Extended TP: $2,980 - $2,970 if gold continues to dump. 4️⃣ Risk Management: Risk-to-Reward Ratio (RRR): If SL at $3,018 and TP at $3,005, RRR = 1:2. If TP at $2,995, RRR = 1:3+ (high probability). Partial Profit Taking: Close 50% at $3,005 and trail stop-loss to breakeven. How to Manage the Trade Now ✅ If Price Rejects $3,014 - $3,018 → Stay in the Sell Trade ? If Price Closes Above $3,020 → Exit the Trade (Invalidation) ? If Price Drops to $3,005 or Below → Lock Profits or Secure with SL Final Thoughts Gold is currently bearish, so this trade has good potential. If momentum slows, watch for a bounce near $3,005 - $3,000. If a strong bullish candle forms, consider exiting early.
The price of Pancakeswap saw a noteworthy uptick of 16% today amidst breakout of a falling wedge pattern. With the Relative Strength Index (RSI) at 72, more upside is envisioned in the long run as traders step in sparking a move to the $3.8 pivot point. About PancakeSwap PancakeSwap is a decentralized exchange (DEX) built on multiple blockchains, primarily BNB Chain and Ethereum, offering trading, staking, and yield farming services. The platform uses automated market makers (AMM) to enable users to trade cryptocurrencies directly from their wallets, with CAKE as its native token that powers various platform features and rewards. Since its launch, it has evolved into one of the largest DEXs by trading volume, incorporating features like perpetual trading and cross-chain functionality. PancakeSwap Price Live Data The live PancakeSwap price today is $2.79 USD with a 24-hour trading volume of $399,375,543 USD. PancakeSwap is up 15.87% in the last 24 hours, with a live market cap of $816,022,085 USD. It has a circulating supply of 292,717,453 CAKE coins and a max. supply of 450,000,000 CAKE coins.
The ETH/USD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 2,140, which represents the current intraday swing high and the falling resistance trendline level. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 2,140 resistance, could lead to a downside move targeting support at 1,723, with further potential declines to 1,545 and 1,375 over a longer timeframe. On the other hand, a confirmed breakout above the 2,140 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 2,344 resistance, with a potential extension to 2,537 and 2,620 levels. Conclusion: Currently, the ETH/USD sentiment remains bearish, with the 2,140 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Hello, thinking another move to $110 in the next week. Head and shoulders formed here in a downside tape? WSL
Recent price action in Bitcoin (BTCUSD) suggests an oversold bounce, with resistance capping gains at the 88,000 level. The continuation of selling pressure could extend the downside move, with key support levels at 79,000, followed by 76,278 and 74,222. Alternatively, a confirmed breakout above 91,900, accompanied by a daily close higher, would invalidate the bearish outlook. In this scenario, Bitcoin could target 95,126, with further resistance at 96,415. Conclusion: The price remains below pivotal level, with 88,000 acting as a key resistance. Failure to break above this level could reinforce downside risks, while a breakout could shift momentum back in favor of bulls. Traders should watch for confirmation signals before positioning for the next move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
World Index ETF with ticker TSX:XWD has extended its rally for 261,8% Fibonacci retracement, which is ideal zone for wave 3, so current slow down can be just a higher degree ABC correction in wave 4. It’s now testing interesting and important textbook support at the former wave 4 swing low and 38,2% Fibonacci support area, from where we may see a bullish resumption for wave 5 this year. Invalidation level is at 90.
Altho I am very bearish long term on Apple rn I think there could be a tradeable bottom depending on if more or less technical damage is done here