After tagging my target around $60, SLB (Schlumberger) has been chillin’ in consolidation mode for a while now. We’re sitting on a solid support zone, and honestly, the odds of a bounce look better than a full-on dump here. Textbook vibes too—Fibo 0.618 lands right around $31, which lines up perfectly if this is where it decides to base out. If we do get the bounce, next stop could be in the $90–$95 range. ? On the flip side though… if this thing keeps bleeding, we might not see a floor until the $20–$22 area. I’ve got a position, so here’s to hoping we take the high road! ?Good luck out there!
1. Symmetrical Triangle Formation Price was compressing inside a symmetrical triangle, with a series of lower highs and higher lows, indicating indecision and buildup of pressure. 2. Downside Fake-out (False Breakout) Price briefly broke below the lower trendline, suggesting a potential bearish breakout. However, there was no strong follow-through; instead, price quickly reclaimed the trendline and pushed back inside the structure. This is a classic fake-out, often trapping late sellers and providing liquidity for buyers. The rejection from the lows resulted in a long wick, signalling strong buying interest and failure to break down. 3. Aggressive Bullish Reaction After reclaiming the triangle support, price moved rapidly back to the top of the triangle. The next key move was a strong breakout above the upper trendline, confirming bullish intent. 4. Break and Retest Price action followed through with a clean breakout above resistance, followed by a minor pullback and retest of the broken trendline, which held as support. This retest offered a textbook entry point based on price action principles. 5. Bullish Structure Confirmation Post breakout, price formed a higher low and continued to make a higher high, confirming a trend shift. This structural change strengthens the bullish outlook.
you can go long now general trend is down trend current phase is pull-back have fun :)
Oracle is bearish on its 1W technical outlook (RSI = 35.862, MACD = -4.360, ADX = 42.565) as this week it reached almost the same levels of correction as the 2022 Bear Market (-42.72%). This is also nearly a HL bottom for the 3 year Channel Up and as the 1W MA200 is right below, a great long term buy opportunity. The bullish wave after the 2022 bottom almost reached the 1.382 Fibonacci, so we have a technical level to target this time also (TP = 240). See how our prior idea has worked out: https://www.tradingview.com/chart/ORCL/HSRNqgCV-ORACLE-Channel-Down-bottom-buy/ ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Grok ai analyzed the option chain for me: Call Volume Strike Price Put Volume --------------------------------------------------------------------------------------- * 155.00 * * 160.00 * * 165.00 **** * 170.00 ****** * 175.00 ***** ** 180.00 ******* * 185.00 **** * 190.00 ***** ***** 195.00 *** ********* 200.00 *** ****** 205.00 * ********* 210.00 * ***** 215.00 * *********** 220.00 * ****** 225.00 * ******************** 230.00 * ** 235.00 * *** 240.00 *** * 245.00 * ***** 250.00 * Ai found lots of in interest upward call strikes. Gap, on the chart may be the thesis. Get apple right, and youll understand qqq , spy, dia, its so big. Fundamentally, Im not a long term fan of apple, but cant ignore the mag seven large caps giants.
https://www.tradingview.com/x/JDm2j8pk/ Hello,Traders! EUR-GBP is trading in a Strong uptrend and the pair Made a bullish breakout of The key horizontal level Of 0.8623 then surged Further up and is now Making a local bearish Correction so we are Bullish biased and after The retest of the new Support level we will be Expecting a further Bullish move up Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
LONG position on IDX:SMGR with a target price 2900 in 90 days. Analyst price targets averaging 3,185.83 IDR, higher than the current 2,140.00 IDR. A Price-to-Book (P/B) ratio of 0.33 for Semen Indonesia (Persero) Tbk ( IDX:SMGR ) suggests that the stock is trading at a significant discount to its book value. SMGR’s low P/B ratio of 0.33 could make it an attractive target for foreign investors looking for undervalued assets. The low P/B ratio and EV/EBITDA NTM ratio indicate undervaluation compared to peers. This could appeal to value investors looking for bargains. Qatar has recently shown interest in Indonesian sectors like energy, tourism, and real estate, but nothing explicitly ties IDX:SMGR to Qatari funds. Without concrete deals or announcements, it’s speculative. However, low P/B can also signal concerns. The market might be pricing in risks like declining profitability, operational challenges, or sector-specific headwinds—cement is a cyclical industry tied to construction and infrastructure, which can be volatile. It’s also possible that the book value itself is inflated due to outdated or impaired assets. Current Share Price 2,140, 52-Week Low 2070, 52-Week High 5650. The current share price of 2,140.00 IDR, near the 52-week low, might suggest a buying opportunity for value investors, especially given IDX:SMGR ’s role as a state-owned cement giant tied to Indonesia’s infrastructure sector. Likely that infrastructure spending in 2025, including the new capital Nusantara, will boost cement demand, supporting long-term growth. IDX:SMGR holds over 40% of Indonesia's cement market and has recently acquired Semen Baturaja, potentially enhancing efficiency. Given the undervaluation, significant infrastructure spending, and analyst optimism, IDX:SMGR appears to have potential for a long trade.
Sell projection on BTC. The confluences for the sell projection are: 1) Market Structure-BoS 2) Liquidity 3) QM-Order Block I’m personally targeting a 1:2.5RR minimum. Note: the Market is all about probabilities which also makes my analysis a probability.
overall swing structure is bullish fractals and inner structure is bearish 1d fractals already gave downside break so looking to move toward downside marked DEMAND zone . the entry is from supply zone with fractals structure shift in 2hr SO , xxx / JPY -> longs
https://www.tradingview.com/x/xLFdwNBJ/ ✅AUD_USD is going up now And the pair made a bullish Breakout of the key horizontal Level of 0.6200 which is now A support and the breakout Is confirmed so we are locally Bullish biased and we will be Expecting a further move up After a potential pullback LONG? ✅Like and subscribe to never miss a new idea!✅ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.