"Channel Pattern” *|Chalet Hotels Ltd|* Chart consolidated 11 Month Fixed Range between Feb-2024 To Dec-2024. Daily Breakout Done with Heavy Candle. Expected Level 1442 Note- All information i am posting that only for learning purposes. ideas which i post not advisable and not recommendation to trade
VITE ~ 1W #VITE If you still have Conviction on this coin,. This support block would be a good buying place for now,. Buy in stages with a minimum target of 20%++
Overview: This analysis on VOO highlights a possible short opportunity as it completes a corrective wave structure. Utilizing Elliott Wave Theory and Fibonacci retracement, we anticipate a reversal within the resistance zone leading to further downside continuation. ? Technical Analysis: Elliott Wave Structure: - Wave W: Completed with a significant drop, signaling bearish momentum. - Wave X: Retracement phase nearing completion at a critical resistance zone ($550.77–$551.54). - Wave Y: Expected continuation lower, targeting key Fibonacci extensions. Fibonacci Analysis: - Resistance Zone: $550.77–$551.54 (between 61.8% and 65% retracement). - Stop-Loss: $557.91 (just above the 88% retracement for protection). - Target 1: $538.66 – Previous support level aligning with the 1.0 extension. - Target 2: $526.78 – Confluence of the 1.618 Fibonacci extension and structural support. Bearish Confirmation: Price rejection within the resistance zone will confirm the setup. Look for increased volume and bearish candlestick patterns before entering the trade. ? Macro Overview: Market Sentiment: Continued market uncertainty driven by inflation and Federal Reserve interest rate policies may dampen bullish sentiment. Economic Data: Weakening consumer sentiment and declining corporate earnings expectations suggest potential downside for the S&P 500 ETF. Sector Impact: Tech-heavy sectors and growth-oriented stocks within the S&P 500 are likely to face pressure due to rising yields. ? Trade Plan: - Short Entry: Between $550.77–$551.54 within the resistance zone. - Risk Management: Stop-loss at $557.91. - Profit Targets: Target 1 at $538.66 and Target 2 at $526.78, offering a solid risk-reward ratio. ⚠️ Risk Considerations: Monitor economic events such as CPI releases or Federal Reserve statements, as they could affect the broader market trend. Would you take this trade, or do you see the market moving differently? Let me know in the comments! ??
We finally got some volatility last week and a big short squeeze. Was a pretty good week to trade, but I'm not expecting much this week. It's a short week and I plan to take most of it off, but we'll see if anything happens worth noting. Here's some paths I'd expect for ES in the short term. So far ES failed after about a 61.8% retracement. Fairly big range from 5,800 to 6,100 and we're almost right in the middle so not the best place to be opening new positions IMO. Might be interested in puts at 6,100 or calls if it reclaims. My best guess is that we'll hit 5,800 soon until the Santa rally starts after Christmas. That would fit with charts and seasonality but after that squeeze I'm not sure it goes back down anytime soon. Overall looking to let things shake out after FOMC and come back at it after the new year.
SUI is still in a corrective path. The next stop will most likely be $4.00 before going down to a $2.30 to $3.00 range. Not Financial Advice.
?? ### **Description:** This chart for **PEPE (Cryptocurrency)** showcases a symmetrical triangle breakout pattern, presenting a promising trade setup with defined risk and reward levels: - **? Entry Zone**: **$7.36B** (Yellow Line) — A critical support level aligning with the breakout zone of the triangle. - **❌ Stop Loss (SL)**: **$6.84B** (White Line) — Placed below the key trendline to limit downside exposure. - **? Target 1 (T1)**: **$8.14B** (Red Line) — The first profit target at a significant resistance level. - **? Target 2 (T2)**: **$9.08B** (Green Line) — The second profit target, aligning with recent highs, offering extended gains. ### **Why This Chart is Important:** 1. **Symmetrical Triangle Setup**: - A textbook continuation pattern that often leads to strong breakouts, making this an ideal opportunity for momentum traders. 2. **Defined Risk-Reward Ratio**: - With a tight stop loss at **$6.84B** and high reward potential, this trade offers an excellent balance of risk management and profit-taking opportunities. 3. **Market Sentiment**: - PEPE’s price movement can influence other small-cap cryptocurrencies, making this an important chart for sentiment tracking. ### **Conclusion:** This setup provides a clear trading opportunity as PEPE consolidates near a breakout point at **$7.36B**. A bullish breakout could target **$8.14B (T1)** and **$9.08B (T2)**, while a strict stop loss at **$6.84B** minimizes risks. Monitor price action closely for confirmation of the breakout. ??
Cocoa started a correction on Wednesday, after going parabolic. It is doing an ABCD pattern, with "C" giving us a point for defining a bearish trendline. The target is "D", 11,147. A solid close 4H above the trendline, would invalidate this trade idea.
What is NASDAQ:ATOM , and why am I interested in this technology? They call themselves the "Internet of Blockchains," but in simpler terms, it's an SDK that makes it easier to create blockchains. So far, over 200 blockchains have been built using this SDK, including major players like CRYPTOCAP:INJ , LSE:TIA , and $FET. ### Why is this technology impressive? - **Unmatched Reliability:** With over $100B worth of tokens running on its ecosystem without crashes or downtime, it’s a performance few can match, except for Ethereum. - **Seamless Interoperability:** In a world where more and more Layer 1 blockchains are being created, NASDAQ:ATOM stands out for its ability to bridge blockchains, simplify staking, and enable smooth trading within its ecosystem—unlike blockchains that operate in isolation. ### Why hasn’t NASDAQ:ATOM performed well in 2024? After massive pumps in 2021 and 2022, it’s still in a recovery phase. However, the bottom appears to be in, and the charts suggest it’s gearing up for a move upward. I’ve marked a green box where I believe you can safely load up for a long position. DYOR!
### **Description:** This chart highlights a **descending triangle breakout setup** for Bitcoin ( BITSTAMP:BTCUSD ), with critical levels to watch as it approaches a decision zone: - **? Entry Zone**: **$97,130** (Yellow Line) — This level aligns with a breakout from the descending trendline, indicating potential upward momentum. - **❌ Stop Loss (SL)**: **$93,700** (White Line) — Placed below a strong support level to minimize downside risk in case of a breakdown. - **? Target 1 (T1)**: **$102,632** (Red Line) — The first key resistance zone and profit-taking level. - **? Target 2 (T2)**: **$108,387** (Green Line) — Aligns with previous highs and serves as the extended target for significant upward movement. --- ### **Why This Chart is Important:** 1. **Technical Setup**: - The chart showcases a **descending triangle pattern**, which is a high-probability breakout setup. A bullish breakout here could lead to strong price momentum. 2. **Risk-Reward Opportunity**: - With a tight stop loss at **$93,700** and clear targets, this trade provides an excellent risk-reward ratio for both short-term and swing traders. 3. **Market Relevance**: - Bitcoin’s price movement often dictates broader market trends, making this chart crucial for crypto market sentiment. 4. **Critical Levels**: - Key levels highlighted ensure a disciplined approach, whether the breakout sustains or reverses. ### **Conclusion:** This trading plan for Bitcoin presents a strong **risk-managed opportunity** as it approaches the breakout point at **$97,130**. Watch for confirmation of a breakout to target **$102,632 (T1)** and **$108,387 (T2)**, while protecting capital with a strict stop loss at **$93,700**. Monitor closely for market sentiment shifts as Bitcoin often sets the tone for the crypto market. ?
The pair starts looking tired and the likely false bull flag pattern, and overbought status, suggests we may see move lower to 1.8330 area short-term. Strategy SELL range 1.8420-1.8450 and take profit near 1.8334 for now.