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Breakouttrading

YEP! ALL-TIME HIGHS BABY! You're welcome! :) Pretty simple... After identifying a candle with buying pressure, last week I announced that we would very likely be hitting new all-time highs simply by following the N# pattern that was unfolding at that very moment with precision. VALIDATIONS ARE THE KEY TO PREDICTING A MARKET MOVE. But what do I mean? Here’s a recap of the moves I got in 1 week: #1 It gave me a breakout. #2 It gave me an exact retracement to my order block area that I was looking for. #3 It gave me the volume I needed to see. #4 It gave me a volume candle with buying pressure. #5 It gave me an immediate bullish structure. #6 The "N3" pattern is being fulfilled precisely. How many validations do I have so far? 6 Validations!!!! Don’t you think we’re in a bullish scenario where, with all these validations being met exactly, we could see a new extreme, breaking new all-time highs? OF COURSE WE ARE! The more validations you have in an analysis, the more likely the scenario you’re looking for will be fulfilled correctly. Now... Going back to SPY, all-time highs are uncharted territory! We must be very cautious, and as soon as the retracement begins, I’ll start my analysis again. Best regards, and I hope this mini-lesson helps fine-tune your price analysis process. Thanks for supporting my analysis. Best regards.
AMEX:SPYLong
by RocketMike111
$SQ Breakout Possible SQ looks to be about to start a new leg up if it can breakout of its wedge. Sq had a clean close above resistance with increased volume on 10/10/24. It experienced an inside day on 10/11/24 with still elevated relative volume from the prior days break out. Sq rejected at the top of the wedge but did not really show any slowdown of buying just an absorption of some selling as the prior days lows were not breached. The inside day on the11th appears to be a rest day looking for continuation and a breakout out the wedge targeting 72 and 74 dollars. The next area where the stock can potentially meet supply if it does continue on its newly started uptrend would be 79.82 (rounded to 80) then 87.52, the current yearly highs, and the 89.97 which is the prior years highs. Trade Safe Every1! @T.w.i.n.e.y
NYSE:SQLong
by twiney
Tata Power Co. Ltd. - Technical OverviewTarget Price: ₹560 (As per Nomura's analysis) Price Action: The stock is currently trading at ₹456.90 (+3.54% for the day). It has been in a steady uptrend, following a clear rising channel since early 2024, supported by both the 50-day and 200-day moving averages, which indicates long-term bullish momentum. Key Levels: Support: ₹435.50 (currently a strong support level near the lower trendline) Resistance: ₹507.40 (the recent upper boundary of the trend channel) Target Price : ₹560 (suggested by Nomura) Trend Channels: The stock has formed a well-defined ascending channel , where the price tends to respect both the upper and lower boundaries. Recent pullbacks toward ₹435.50 suggest that the stock is consolidating before a potential bounce toward ₹507.40, and possibly ₹560 in the medium term. Price Momentum: RSI: The Relative Strength Index (RSI) suggests that the stock is not in overbought or oversold territory, signaling healthy price momentum. Volume : Notice the spike in volume during price rallies, reflecting strong market interest and confirmation of price movements. Outlook: Given the current market setup, Tata Power is showing signs of continued bullish momentum within its trend channel. A move beyond ₹507.40 could trigger further buying, pushing the stock towards ₹560 in the medium term. Any price retracements to the ₹435 level can be seen as a potential buying opportunity, given the channel support. Chart Details: Green Lines : Support and resistance levels. Blue Channels : The stock’s rising trend, representing medium-term bullish momentum. Volume: Key volume spikes highlight investor activity during price jumps.
NSE:TATAPOWERLong
by AngshumanSaikia
7
BTC Bullish Above $65.5K, Bearish Below $60K | Weekly to 4-HourHey everyone, it’s Mindbloome Trader here! Let’s dive into Bitcoin’s charts, from the weekly to the 4-hour timeframe. If BTC breaks above $65,570, we’re in for a bullish run. But if we dip below $60K, things could turn bearish fast. Keep these levels on your radar and, as always, trade what you see. Let’s get it! Key Levels: Bullish above $65,570 (Target higher moves) Bearish below $60,000 (Watch for downside pressure) Mindbloome Trader Trade what you see
MARKETSCOM:BITCOIN
by Mindbloome-Trading
GOOGL 2 VALIDATED CONFIRMATIONS! EXTREMELY BULLISH !!!!GOOGL, 2 VALIDATED CONFIRMATIONS! Last week, I mentioned that I was extremely bullish on Google. In fact, I even sent a buy alert to my investment clients since Google has shown many bullish patterns and is displaying typical "pre-earnings" behavior. However, I have shared my analysis with you for free because I want us all to succeed! And if you've been following my analysis for months, you've seen for yourself that we’ve been on the right track. Everything happens with Google after it breaks out of a channel. Whenever the price breaks a channel, we need to wait for it to reach its high and look for when the pullback will occur. In this case, after finding its high post-breakout, Google entered a candle congestion channel. STACKED CHANNEL: A candle congestion channel can be considered a volume indecision. What do I mean by this? The price creates a bottleneck-like pattern within a very tight channel, behaving strangely, with candles almost the same size and very close to one another. In this situation, it’s very difficult to determine which direction the price will take, and I consider it a complicated and dangerous pattern. All we can do is wait for the price to make a decision. Once the price makes a decision, it breaks the congestion channel, forming a new high, and consequently, reaching our target zone. That’s precisely when it begins its pullback, and the next step we’re looking for is A NEW EXTREME. I’ve marked this pattern in yellow, and I call it the N3 Pattern. This usually happens most of the time after a breakout, and we must be very attentive to the candles it produces to execute it. An N3 pattern involves three movements: #1 Breakout and New High #2 Pullback and Rebound #3 New Extreme That simple. Going back to the analysis, we’ve reached our next stop with double confirmation. In conclusion, I remain very bullish on Google, especially as we are just a few weeks away from Google announcing its earnings report. So, if you're considering entering, whether for a swing trade or long-term, there's still time. Remember that, based on my valuation and fundamentals, Google has an intrinsic value of $180, so the final decision is yours. OF COURSE… This is not financial advice, and you make your own decisions and take your own risks. Thank you for you support :)
NASDAQ:GOOGLLong
by RocketMike111
Google - Textbook break and retest!NASDAQ:GOOGL might retest the previous breakout level before continuing the uptrend. The entire chart of Alphabet (Google) is green, yet I do expect a (short term) move lower first. For almost a decade, Alphabet has been retesting and respecting a major support trendline before then breaking out of the ascending triangle formation just a couple of months ago. I just expect Alphabet to retrace back to the breakout level before then creating new all time highs. Levels to watch: $150 Keep your long term vision, Philip - BasicTrading
NASDAQ:GOOGLShort
by basictradingtv
9
ICT Long setup Swing Trade on NAS100USD👋Hello Traders, Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in NAS100USD for session trade (a couple of hours) Here is a session trade idea (since it is near support surface, we should use small lot size) Please refer to the details Stop loss, Buy Zone,open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
OANDA:NAS100USDLong
by ICT_Trader_SB
Swing Trade Idea: Renuka Sugar | Multi-Time Frame Breakout AnalyIn this video, I present a swing trade idea for Renuka Sugar, focusing on a breakout base pattern using multi-time frame analysis. Watch as I dive deep into the weekly price action and break down key support and resistance levels. This detailed analysis will help you spot potential entry and exit points, ideal for traders looking to capitalize on longer-term market movements. If you're interested in refining your swing trading strategies using price action, this analysis is for you
NSE:RENUKA
by Alzubair15
Bitcoin's Breakout from a Wedge Pattern: Heading Towards $66,000hello guys. let's dive into btc analysis after the previous analysis: Broken wedge pattern: The chart shows a clear breakout from a descending wedge, a bullish reversal signal, indicating a potential trend shift. Upward channel: After the breakout, Bitcoin has been moving within an ascending channel, which provides a strong bullish structure for price movement. Support and resistance levels: Immediate support can be found near $62,000, while the next target on the upside is projected around $66,000. Potential pullback: A minor retracement within the channel might occur, but overall momentum remains bullish as long as Bitcoin stays within the channel. Bullish momentum: With the strong volume and the breakout from the wedge, the next logical resistance area to test is around $66,000 or higher. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
7