Big recovery for SNOW after making new all time lows earlier in the year. Now it's been chopping around up above the $170 area. Looks really good for a long right here if it can hold, good risk reward as well.
The chart shown is on the 4H but it doesn't matter if its on the 1H or 4H. Both time frames show price doing a power move toward the resistance level of the down channel. I have been eyeing on a few pairs that has this down channel thing, one of the other pair is the AUDUSD and GBPUSD, I think. Currently, TP is set at 71cents SGD, or 41.5pips. No I wish, I thought, I hope, I pray. No no no. 0044SGT 13122024 Talk less, even by typing because the more we talk, the more we set ourselves up for failure. 0045SGT 13122024
LULU has been on a huge run since August to recover the majority of the losses from earlier in the year. Now it's all the way back up to the major trendline it broke below earlier this year that started in 2020. Coming in for the first retest, would expect a rejection of some sort here. Downside target would be around $356, upside is around $450.
1. Trend Analysis The stock is in a clear uptrend, making higher highs and higher lows since mid-2023. Momentum remains positive, with price trading above most key moving averages, indicating sustained bullish sentiment. 2. Support and Resistance Levels Immediate Support Zones: ₹954.68: Close support from recent consolidation. ₹903.25: A stronger demand zone, as it aligns with prior breakout levels. Major Resistance Levels: The stock is currently trading near ₹1,012.50, which appears to be a potential resistance. Breaking above this could signal continuation of the uptrend. Deeper Support Levels: ₹820.50 and ₹693.93: These zones could act as strong support during significant corrections. 3. Moving Averages The stock is trading above short-, medium-, and long-term moving averages, which confirms the ongoing bullish sentiment. The short-term EMA (20-day) is providing immediate support, reflecting strong near-term momentum. 4. Pattern Observations A cup-and-handle pattern is visible between mid-2023 and late-2024. This is a bullish continuation pattern and suggests potential upside if the stock breaks above the handle resistance. The breakout level for the handle seems to be around ₹1,012.50. A strong close above this point may initiate the next leg of the uptrend. 5. MACD Indicator Current Status: The MACD Line (25.64) is above the Signal Line (18.78), indicating strong bullish momentum. Histogram: Positive and widening, which further supports the continuation of the uptrend. 6. Volume Analysis There is evidence of higher volume spikes during rallies, indicating institutional buying. Recent volumes appear lower during the consolidation phase, which is typical in an uptrend and signals no major selling pressure. 7. Key Levels to Watch Upside Potential: If the stock breaks above ₹1,012.50 with volume, it could head toward higher resistance zones. Downside Risk: A failure to hold ₹954.68 might lead to a pullback toward ₹903.25 or deeper toward ₹820.50. 8. Summary Bullish Bias: The overall trend is positive, supported by strong technicals and patterns. Watch for a breakout above ₹1,012.50 for confirmation of the next leg upward. Key Levels to Monitor: Support: ₹954.68 and ₹903.25. Resistance: ₹1,012.50.
That's a ...ummmhh..surprise at least. And it's crazy. I never thought this could happen. But we better shall believe, that ECH - Everything Can Happen! So, is the target reached for 2024? Nobody knows, right? But, I start to further close positions and take my profits in these Index and the correlating Markets. Don't let Greed eat your Brain §8-) As for my Christmas Lotto Ticket this year, I take a small Short Position now...LEAPs, Bear-Spread, dunno yet, but it's a Shortie that I can let sit for a couple Months. Talk soon...
There are two Trade Plans; LONG : If the neck line is broken, we can go for buy opportunity Evidences: AB=CD pattern , Formation of Cup and Handle pattern SHORT : Due sentiments and formation of bearish divergence on 4h time frame rejection candle (Shooting star) on strong 1h time frame. if the support is broken, we can look for sell opportunity.
Sell between area of 2700 to 2710 Martingale strategy recommended on this stage Smart Money Trap is ready for Buyer Profit Taking zone will be 2665. 5% Risk of equity can be divided in 5 averages trades. Conclusion: In summary, the Martingale strategy is a high-risk, high-reward approach that aims to capitalize on eventual wins to recover losses. However, its practicality is limited by the risk of significant financial exposure during extended losing streaks.
Buying CAD/CHF means going long on the Canadian dollar (CAD) against the Swiss franc (CHF), expecting CAD to strengthen relative to CHF.
Us 100 live trade, I am targeting a measured move ( (1/2rr) At this time of year there is a bullish trend
The market traded at 2689.1 pivot level. Bias - Bearish Technical indicators: Supertrend and fulcrum HL both indicate a strong likelihood of continued bearishness. Target - 2657.2 Safe stop loss - 2708.9