NASDAQ:AAPL forming nice flag. Could break either side. Short term, I am bearish as it need to retest the zone around 244$. If this breaks above 248.73 this can fly to 250$ level again.
Daily formation. If claim horizontal key level can go higher. Alt season upcoming
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS ?Let’s learn and grow together ? ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support ??? ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
Looks like UHC might gap lower tomorrow morning; in addition to a rather robust sell-off today, hourly net volume was negative for every hour today. And of course...they've been exposed as a company likely to break insurance contracts 32% of the time. Their current CEO insinuated that his workers were in the "healthcare industry" because they "care". Insurance companies are not in the healthcare industry...they're in the insurance/finance industry...the more "retained premiums" the more they have to "invest" in the stock market, fx, metals, commodities...they're literally in every market like giant hedge funds. Luckily, this horrid event happened before seniors made their annual choice for Medicare Advantage plans and the news UHC denied 32% of claims likely turned off any Medicare users. Feel pretty sure private companies are going to eliminate UHC as a choice in their insurance offerings, same for governments. Feel like this company is toast and it's only the beginning.
As you can see from the chart, the price right now is in a strong support zone, with a Red squeeze candle (spring box). And we are likely to see a significant explosion in price to the 119 levels.
Last strategy for GBP/CAD: CAD looks like a stable market to invest in due to the momentum gaining around the currency, the oversold levels and currently low declined volatility makes it perfect for significant inclines due to unstable bearish buying power. with a economic counter to GBP's interest rate decisions week of DEC 8, and the volatility gaining around the coin, plus the bearish sustaining momentum sell GBP buy Cad. Strategy: Final Tp = 2.5% Round 1.75745 SMA = 1.3% Avg SMA = 0.60% retracment = 0.35%/0.70% 12/11/24 Note Strategy struggling pulled out of market readjusting to market situation new revised Strategy 12/12/24: since this strategy had a hard time on the decline after researching GBP market expect inclined push on fx securities due to lower prices in historical data of fx securities, plus the US PPI & natural gas fluke expect gas securities to fluke due to electric switch-over globally for sometime. CAD tech tariffs will cause dollar volatility for now expect GBP to rally
Cardano CRYPTOCAP:ADA long idea break and retest of this level of structure target 2022 high
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS ?Let’s learn and grow together ? ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support ??? ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS ?Let’s learn and grow together ? ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support ??? ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
Following the massive sell-off during the three session on Thursday, the market has shifted from a steady uptrend into a sharp bearish structure. The recent price action broke below key support levels, creating potential for a bearish continuation but also signalling possible accumulation near current lows. The chart structure appears to show elements of a Wyckoff schematic: Preliminary Support (PS): Buyers began stepping in as the initial drop slowed, likely absorbing sell orders. Selling Climax (SC): A large impulse to the downside marked the lowest point of intense selling, followed by a relief rally. Automatic Rally (AR): A quick upside reaction, suggesting that demand re-entered the market. Secondary Test (ST): Price retested near the SC level, confirming it as a key area of interest. Resistance: $2,700: Psychological level and potential midpoint for further bearish movements. Support: $2,680: The current low and possible accumulation area and further down at $2,650 we'll find lower support area. Bearish Case: If price fails to reclaim the $2,700 level and shows signs of distribution (e.g., liquidity sweeps or bearish order blocks near resistance zones), a continuation to the downside could target $2,650 or even lower. Bullish Case: Evidence of accumulation (e.g., higher lows forming or Wyckoff Spring behaviour near $2,680) could signal the start of a recovery rally back toward $2,700 or higher into the $2,725 range. For the Asia Open: Monitor the $2,680 zone for signs of demand accumulation. Look for a Wyckoff Spring setup or a sweep of liquidity followed by a market structure shift (MSS) on M1. TRADE SAFE !!