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Trend Lines

Steadfast Group Limited | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Steadfast Group Limited - Double Formation * (Neckline) At 6.1600 AUD | Subdivision 1 * Retracement | Not Numbered - Triple Formation * Trend Line 1 & 2 | Survey Valid | Subdivision 2 * 012345 | Wave Count | Configuration Entry | Subdivision 3 * Retracement | Numbered At Daily Time Frame Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:SDFAULong
by TradePolitics
EU/USD Technical Analysis ReportEUR/USD Technical Analysis Report December 20, 2024, 06:00 GMT Current Price: 1.03628 Recent Market Events & Price Action Recent FOMC rate cut of 25 basis points (December 18, 2024) accelerated bearish momentum Previous range break (1.05927 - 1.04541) signals strong bearish continuation Yesterday's retracement to 1.04235 identified as liquidity grab before continuation Technical Structure Key Trend Points Downtrend initiated: September 30, 2024 Trend confirmation: Bearish daily engulfing candle (November 5, 2024) Range formation: November 13 - November 27, 2024 Range break: December 18, 2024 (post-FOMC) Moving Average Analysis Price consistently trading below Daily 20 EMA Broken below Daily 200 EMA with sustained movement below Historical Key Level Analysis Major historical level approaching: Previous support: May 12, 2022 Previous resistance: August 9, 2022 Last mitigation: November 15, 2022 Potential Scenarios Bearish Scenario (Higher Probability) If current historical level breaks, expect movement towards: 1.00951 0.99599 0.97402 Bullish Alternative If level holds as support: Potential retracement back to range high (1.05973) Would indicate renewed EUR strength against USD Key Levels to Watch Recent High: 1.04235 (December 19 retracement) Previous Range: 1.05927 - 1.04541 Major Support Levels: 1.00951, 0.99599, 0.97402 Risk Management Considerations Monitor price action around historical support level Watch for potential false breaks Consider reduced position sizes due to recent high-impact news event Note: This analysis is for educational purposes only. Always conduct your own analysis and manage risk appropriately.
Short
by FXCapitalClub
Cup and Handle Breakout in PETRONETPETRONET has formed a classic Cup and Handle pattern on the hourly chart, signaling a potential bullish breakout. Pattern Breakdown: Cup Formation: A smooth rounding bottom from ₹310 to ₹337, indicating strong accumulation. Handle Formation: A slight retracement near ₹330, forming a consolidation zone before the breakout. Indicators: RSI: Currently above 70, showing bullish momentum. Volume: Increased significantly, confirming buying pressure. Key Levels: Breakout Level: ₹337 The price has broken above this resistance, confirming the breakout. Targets: Target 1: ₹350 Target 2: ₹360 Stop-Loss: Below ₹330 (handle low). 💡 Disclaimer: This is for educational purposes and not financial advice. Please perform your due diligence before entering any trade.
NSE:PETRONETLong
by jeet20
Corn - Back into Stable RangeWhen the 441'0 historical resistance level is reached from below after having not been approached from below in at least a few months, it has served as resistance 5 out of the last 8 times. The theory here is that it will serve as resistance again and that corn will fall back into the "stable range" of 316' to 441'. There is a downtrend channel which also is serving as resistance. If the bearish theory fails, the upside potential is significant. Downside and upside targets are shown on the chart. This is one to watch and see how it plays out on hourly/daily TFs with a bearish bias. I'm bearish below 441', cautiously bullish above. No trade entry at this point.
CBOT:ZC1!Short
by Skipper86
2