Looking for a potential breakout of all time highs on VISA!🔉Sound on!🔉
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SILVER | THE BIGGEST CUP & HANDLE OF ALL TIME!Apple’s Cup and Handle pattern in the early 2000s is often cited as one of the most significant. After a prolonged downtrend, Apple formed a large cup with a handle from 2000 to 2005, which, after breaking out, has continued to appreciate to this very day. However, Apple's pattern is nothing compared to the current Cup & Handle pattern that exists in silver, whether in size or price.
I truly believe that silver is currently the most undervalued asset and will not only attain higher prices than most can imagine but will also rapidly begin to appreciate against gold, which currently has a ratio of 83.75 to 1. This ratio is irrational and unsustainable, as gold and silver are typically mined at a ratio of around 10 to 1. Even current U.S. Treasury Mint coins—Silver Eagles and Gold Eagles—have a current exchange rate of 50 to 1 at face value. Historically, under the gold standard and the Coinage Act of 1834, the ratio was set at 16 to 1.
Although this will not happen overnight and could take a decade or more to come to fruition, the unnatural and irrationally low price of silver is coming to an end. The overinflated gold-to-silver ratio will continue to fall as price manipulation ends and true price discovery begins.
You are not optimistic enough about #BTC!The US presidential elections, held every four years, are completely compatible with the CRYPTOCAP:BTC mega bull cycle!
After the presidential elections held in 2012\2016 and most recently in November 2020, #bitcoin transitioned to the mega bull process!
The issue of high interest rates on the Fed's side has now come to an end. With the easing of interest rates and the presidential election to be held in November, #Bitcoin will transition to the mega bull process!
EdTech Unicorn Stride Surges: Strong Financials Fuel Rally!The EdTech revolution is progressing rapidly! As technology advances, internet access grows swiftly, and students seek innovative learning methods, the global EdTech market is flourishing.
North America currently holds a significant 37.3% share, but regions such as the Middle East and Africa, Europe, and Asia-Pacific are gaining ground, fueled by government support, digital literacy, and a burgeoning middle class. It's an exciting time for digital learning, and there's even more to look forward to!
◉ EdTech Market Growth Outlook
➖ Valuation projected to rise from $220.5 million in 2023 to $810.3 million by 2033.
➖ Compound Annual Growth Rate (CAGR) of 13.9%.
◉ Government Initiatives Supporting EdTech Sector
The US Department of Education has allocated $277 million in new grants through the Education Innovation and Research program to enhance educational equity and innovation, particularly in areas affected by the COVID-19 pandemic, specifically focusing on STEM education and rural regions.
Recognizing the enormous opportunity in EdTech, we're examining a stock that exhibits remarkable growth potential within the sector.
◉ Company Overview
Stride Inc. NYSE:LRN is a tech-driven education service provider offering proprietary and third-party online curricula, software, and services in the U.S. and globally. Their products support personalized learning for K-12 students through virtual and blended public schools, individual online courses, and supplemental materials in subjects like math, English, science, and history. Stride also emphasizes career learning in fields such as IT, healthcare, and business, and operates tuition-based private schools. Additionally, they provide post-secondary programs in software engineering and healthcare under brands like Galvanize and Tech Elevator, along with staffing services. Rebranded from K12 Inc. in December 2020, Stride has been incorporated since 1999 and is headquartered in Reston, Virginia.
Investent Advice by Naranj Capital
Buy Stride NYSE:LRN
● Buy Range- 77 - 80
● Target- 115 - 120
● Potential Return- 45% - 50%
● Invest Duration- 12-18 Months
◉ Market Capitalization - $3.31 B
◉ Peer Companies
➖ Graham Holdings NYSE:GHC - $3.23 B
➖ Adtalem Global Education NYSE:ATGE - $2.67 B
➖ Grand Canyon Education NASDAQ:LOPE - $4.04 B
➖ Laureate Education NASDAQ:LAUR - $2.25 B
◉ Technical Aspects
● Monthly
➖ The stock price initially faced resistance at $40 in 2011 but later found support at $17.
➖ Despite several attempts to break through resistance, the stock experienced significant declines.
➖ However, after a 12-year period, it finally broke out and rallied to a high of $84.
➖ Currently trading at $77.7, the stock is expected to continue rising in the near future
● Daily
➖ The daily chart indicates a clear uptrend in the price movement.
➖ An ascending triangle pattern has formed, and following the breakout, the price has retraced to the breakout level.
➖ At this moment, the price is attempting to find support at the 50 EMA.
➖ From a technical standpoint, the stock is resting at a support level, making it an attractive option for accumulation with a mid to long-term investment outlook.
◉ Relative Strength
➖ The chart clearly illustrates that Stride Inc. has greatly outperformed the US Smallcap 2000 index, achieving an impressive annual return of 82%, which is a notable achievement.
◉ Revenue & Profit Analysis
● Year-on-year
➖ In FY24, revenue surged by 11.3%, reaching $2,040 million, up from $1,837 million in FY23.
➖ EBITDA saw a substantial boost, climbing to $295.3 million in FY24 compared to $225.2 million the previous year.
➖ The EBITDA margin also experienced growth, rising to 14.47% from 12.26% in FY23.
➖ Additionally, diluted EPS witnessed an impressive increase of 57.91%, jumping to $4.69 in FY24 from $2.97 in FY23.
● Quarter-on-quarter
➖ In the latest June quarter, the company achieved a remarkable milestone with quarterly sales reaching an all-time high of $520.8 million. This marks a 3% increase from the $504.9 million recorded in the March quarter and a significant 10.75% rise compared to $470.3 million in the same quarter last year.
➖ EBITDA declined from $100.2 million to $82.3 million in the latest quarter, representing a 17.8% decrease.
◉ Valuation
◉ PE Ratio
● Current PE Ratio vs. Median PE Ratio
➖ The present price-to-earnings ratio for this stock is 16.2x, which is considerably below its four-year median price-to-earnings ratio of 18.9x times, indicating that the stock is currently undervalued.
● Current PE vs. Peer Average PE
➖ The stock presents a favorable valuation when considering its Price-To-Earnings Ratio of 16.2x, which is lower than the average of its peers at 18.3x.
● Current PE vs. Industry Average PE
➖ Stride appears to be offered at a more competitive price, featuring a Price-To-Earnings Ratio of 16.2x, which is significantly below the average of 19.2x for the US Consumer Services industry.
◉ PB Ratio
● Current PB vs. Peer Average PB
➖ The present PB ratio in relation to the average PB of peers indicates that the stock is somewhat higher, with a ratio of 2.8x in contrast to the peer average of 2.6x.
● Current PB vs. Industry Average PB
➖ When comparing the current PB ratio to the industry average, Stride appears to be considerably overvalued, exhibiting a PB ratio of 2.8x, while the industry average stands at 1.6x.
◉ Cash Flow Analysis
➖ The cash generated from operations has experienced substantial growth in fiscal year 2024, increasing to $278.8 million from $203.2 million in fiscal year 2023.
◉ Debt Analysis
➖ Stride has a total debt of $528.2 million, resulting in a debt-to-equity ratio of 0.44.
➖ The company generates sufficient interest income to exceed its interest expenses, indicating that interest payment coverage is not an issue.
◉ Top Shareholders
➖ BlackRock Inc. holds a significant ownership interest in this company, with a notable stake of 14.9%. This level of investment reflects BlackRock's confidence in the company's potential for growth and profitability.
➖ The Vanguard Group also maintains a considerable presence, owning 10.7% of the company's shares.
➖ Together, these two investment giants represent a substantial portion of the company's equity, indicating strong institutional support and interest in its future performance.
◉ Conclusion
Upon examining Stride Inc.'s financial performance, we focused on essential metrics such as revenue growth, profit margins, and the stability of cash flow. Additionally, we assessed the company's future growth potential by looking into industry trends and the competitive landscape.
As a result, we are confident that Stride Inc. is positioned to capitalize on new opportunities while effectively navigating challenges, making it an attractive option for both investors and stakeholders.
Fed’s Rate Decision to Set the Tone for Stocks, Gold and CryptoOfficials at the central bank are staying tight-lipped over the magnitude of the interest rate cut. What we know so far: there will be one. What we don’t know: is it going to be 25bps or 50bps?
Federal Reserve Chairman Jay Powell (or JPow if you’re a cool kid) is most likely having a hard time sleeping these days. Lurking in the near distance, September 18 to be precise, is a decision he should make that has the power to slosh trillions of dollars across global markets.
Stock valuations, crypto prices and the glow of gold all hinge on a single figure — the US interest rate ( USINTR ). Major central banks are on the move to unwind their restrictive monetary policies, especially when it comes to global interest rates . Investors have been trying to run ahead of the interest rate decision and position their portfolios to accommodate both a small casual trim to borrowing costs but also a bigger, juicier slash.
Clashing opinions over the size of the interest rate reduction have been swaying the financial markets in recent weeks. Fed officials haven’t sent out any comms regarding that question so markets do what they do best — speculate.
According to the FedWatch tool by CME Group, at the end of this week, investors were nearly even in their expectations for the upcoming interest rate cut with 55% calling for a 25bps (basis points) cut and 45% rooting for the fuller treatment of 50bps.
In any case, this would be the Federal Reserve’s first cut to borrowing costs in more than four years. The benchmark rate in the US is currently sitting at a 23-year high of 5.5% — a level that has stayed flat since July.
After a series of reports pointing to a wobbling economy — and on the back of mostly receding inflation — the central banking clique issued its uplifting guidance at their previous meeting, saying rates are about to go down when they meet again. But what they didn’t say — because they’re data dependent — is how much.
A 25bps cut to interest rates would most likely be already priced in across the spectrum. Stocks, the US dollar, gold and even cryptocurrency are now acting as if this level of rate cut is factored in. Moreover, some investors might even be disappointed to see a rate cut of that casual magnitude. Buy the rumor, sell the news, maybe?
A 50bps cut to interest rates could bring some needed fuel for the next leg up in stocks, gold and crypto. And, on the flip side, knock the dollar’s valuation.
Lower interest rates make money more affordable, enticing investors, businesses and consumers to get more cash out of the bank and spend more freely on big-ticket purchases. Obviously, investors shove the cash into various markets. Businesses expand operations and build new products. And consumers, well, they buy the new iPhone 16 and jam what's left in meme stocks ?
Perhaps even more importantly, lower interest rates help steer the economy, keeping it on an upward trajectory. Liquidity improves, because there’s more money flowing in the system, and valuations of public and private assets usually increase.
Take gold ( XAU/USD ), for example. Gold hit an all-time high Friday morning, pumping above $2,570 per ounce . Driving the gains was the relationship between gold and the prospects of lower rates, which make bullion more appealing because they reduce the opportunity cost of holding a non-yielding asset. At the same time, the US dollar loses some of its allure because the reduction in rates triggers a lower yield on dollar deposits.
Bitcoin ( BTC/USD ) is another interest -ing candidate to join the rate interplay. The OG token has been increasingly correlated to macroeconomic factors and the rate decision is already seen impacting its price in a positive way.
Stocks have been in choppy trading mode over the past couple of months largely due to the looming uncertainty about the looming rate-setting meeting.
So what do you think it’s going to be — 25bps or 50bps? And how would it affect financial markets? Shoot your thoughts below!
Q4 Bullish Continuation Bitcoin's price action continues to show a strong bullish trend. After multiple corrective pullbacks, the price has consistently rebounded within the established channel. We saw significant corrections of -20%, -22%, and -28%, yet BTC remains on course for a potential breakout towards the next major top in the $100K+ range. With strong support holding at GETTEX:46K and consistent higher lows, this chart highlights the resilience of Bitcoin and its potential for continuation to new highs.
Let's see how the next leg unfolds! 🚀 #BTC #Bullish #Crypto
Is oil signalling a recession? Oil has really started to free fall.
The death cross on the daily chart has occurred. this is where the 50 MA intersects with the 200 MA in a downtrend.
This often implies more downside to the medium and long term but is often a great short term long signal.
Usually when you get this signal the market makers bounce the stock or commodity a bit before taking it lower.
We are hitting a massive multi year trend line going back to 2022 that should act as some support.
XLE looks ready for 1 more down leg before a swing tradable low is in.
Energy does have a tendency to fall precipitously so understanding oil can keep falling if investors fear the worst or a recession.
WTI Oil H4 | Potential bearish reversalWTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 68.80 which is an overlap resistance.
Stop loss is at 71.65 which is a level that sits above the 50.0% Fibonacci retracement level and an overlap resistance.
Take profit is at 65.24 which is a swing-low support.
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Identifying Entry Points in EUR/USD: A Simple RSI StrategyAs a former professional technical analyst at a major bank, I used to write daily reports on the euro vs. the US dollar. Today, I want to share a technique I often used to identify entry points in the market.
Looking at the EUR/USD weekly chart, I’ve spotted a large symmetrical triangle that’s completed, with the market breaking higher. A common move in this pattern is a retest of the breakout point, which here would be a drop to around 1.0930. As long as the price stays above 1.0930, the pattern holds, and your outlook remains valid—this also helps define where to set your stop.
Next, I zoom into lower time frames, such as the daily or 4-hour charts, to find potential entry points. I rely on the RSI (Relative Strength Index) to identify oversold conditions. If the daily chart shows no clear signals, I move to the 4-hour chart. Right now, the 4-hour chart is showing periods of oversold RSI, which is when I’d consider entering long positions.
Remember, the price might not drop all the way to 1.0930, so you’ll need to decide when to enter the market. Using RSI and adjusting down time frames can help you make that call, with your stop already in place.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Traders Turning to Traditional Stocks and Dow Jones In July, most markets reached their peak, followed by a three-day global meltdown after the Bank of Japan announced a 25 basis point rate hike. Since then, all have recovered, but only the Dow Jones has surpassed its July high, while the others have not.
AI and tech stocks, particularly those in the Nasdaq, have lost their shine compared to traditional stocks like those in the Dow Jones.
We will explore which sectors investors are gravitating towards this time and why they favor the Dow Jones over the Nasdaq this season.
Micro E-Mini Dow Jones Futures & Options
Ticker: MCL
Minimum fluctuation:
1.0 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Apple Bets on iPhone 16 to Catch Up in AI Race. What's at Stake?Tech heavyweight carries a valuation of $3.4 trillion, making it the world’s most expensive company (on most days, thanks to volatility). But the consumer giant may be running out of ideas — its latest product event “It’s Glowtime” was a spectacle of colors, flashy lights, great camera work and editing. But the crowd went … mild.
Apple (ticker: AAPL ) unveiled the latest model of its flagship product, the iPhone 16, at its product launch event “It’s Glowtime” on Monday.
This wonder of technology, which changed how the world communicates (and sends memes), is now in its most advanced form flexing some solid AI muscle. The iPhone 16 is a bet on artificial intelligence — the Cupertino, California-based company is putting its hopes on the buzzy AI trend in an effort to convince users to dump their old non-AI phone for the first Apple smartphone built for AI.
Chief Executive Tim Cook praised the new device, saying this latest model is designed “from the ground up” powered by Apple’s new AI software, Apple Intelligence . Users can get their hands on the iPhone 16 starting September 20 — just in time for the fourth quarter to show how big of a demand there is for this new device, starting at $799.
The product launch event, streamed live on YouTube to more than 2.5 million viewers, didn’t lift Apple shares one bit. In fact, the stock was moving sideways to the downside before it recouped the 1.9% intraday loss and closed hugging the flatline at $220.91 a share. It wasn't a great day for the broader stock market , to be fair.
So why the muted response from Wall Street and the investing crowds on Reddit’s messaging boards? There was merely anything new to surprise markets — most of the announcements were already old news, priced in and well baked in.
What matters now is how well the iPhone 16 sells to the masses. The three months to December are generally strong selling time spans for the iPhone as more people are willing to shell out on smartphones for Christmas. But that could very well be the initial marketing spike followed by fizzled out revenue growth. That’s where Apple’s future hinges on its ability to keep cutting edge and think different .
Backed by the power of AI, Wall Street will be looking for a boost to iPhone sales, which have been losing momentum in recent quarters. Now with the Apple Intelligence software jammed into the latest operating system, iOS 18, Apple is looking to compete for a market share in the burgeoning space for AI smartphones.
The tech giant is not too worried about getting left behind. Its iPhone flaunts a loyal customer base, which generates about half of all company revenue. For the most-recent quarter, iPhone sales pulled in $39.3 billion from total sales of $85.5 billion.
But in practice, Apple is already late to the party. Other mainstays in the upper echelon of tech have rolled out AI phones. Google launched its AI smartphone, Pixel 8, back in October. Samsung, Apple's international archrival running on Android, introduced the Samsung S24 in January, flexing powerful AI capabilities.
Perhaps the biggest news at yesterday’s event was Apple’s foray into healthcare. A new use case has been discovered for the AirPods: they’ll be taking on the role of hearing aids, which makes the $250 Pro model a cheap product in the market for hearing aids. Other product releases, other than the iPhone 16, include the Apple Watch Series 10 with an updated design, and the Apple Watch Ultra 2 in a new color (looks like the Ultra team had an ultra easy job this year.)
So, with that said, what makes you want to invest in Apple? Or maybe trade it? Is it the bright outlook in the AI smartphone race? Or the company’s search for innovation in healthcare? Share your thoughts below!
Head and Shoulders Pattern on AUD/USD On the AUD/USD chart, we are seeing a clear Head and Shoulders pattern , which is a strong indication of a potential bearish reversal. This pattern consists of three peaks, with the middle peak (the "Head") being the highest, and the two smaller peaks (the "Shoulders") on either side.
Key Points:
Left Shoulder: Formed , marking the first peak before the minor decline.
Head: The highest peak , indicating the strongest upward move before the market turned lower.
Right Shoulder: The second smaller peak has formed, suggesting the bearish momentum is resuming.
Neckline: The neckline, which connects the two troughs. A break below this line would confirm the bearish reversal pattern.
NAS100 I Potential long from bottom of the channelWelcome back! Let me know your thoughts in the comments!
** NAS100 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
ISM Manufacturing PMI Remains Contractionary ISM Manufacturing PMI (released today).
Rep: 47.2 🚨Below Expectations & contractionary🚨
Exp: 47.5
Prev: 46.8
Anything below 50 is considered contractionary.
ISM Services PMI
ISM Services PMI is released this Thursday 5th Sept 2024. ISM Services is currently expansionary at 51.4. Lets see what Thursday brings.
A Trade as Simple as "Shooting Ducks in A Barrel" Soybean ShortIf you follow my channel, you know I love to trade a strategy that I like to call "Ducks in a Barrel". Its a strategy that is as easy as shooting ducks in a barrel.
We have a setup forming on the Daily timeframe for the Soybeans market.
Step 1: Identify trend (I like to see the 52 & 39 period SMA's sloping strongly and pulling away from each other). In the case of Soybeans, we see a strong bearish trend.
Step 2: In a down trending market, we want to see an asset become OVERVALUED VS GOLD & US TREASURIES. We see with Soybeans, we are now overvalued on the Daily timeframe vs gold & treasuries. Assets that are overvalued in a strong downtrend are assets that we want to SELL.
Step 3: In a down trending market, we want to see an asset become OVERBOUGHT. We see on the Daily stochastic that Soybeans are overbought. Assets that are overbought in a strong downtrend are assets that we want to SELL.
Step 4: In a down trending market, we want to see advisor SENTIMENT become BULLISH. The advisors and general public are usually wrong, so when they become overly bullish in a strong down trend, we want to sell into that bullish sentiment.
Step 5: We can also look at accumulation/distribution indicators and momentum for further confirmation of our idea. But realistically, we just need to see 2 or more of the above indicators confluent with each other to have a setup market.
Step 6: For the Daily timeframe, I utilize the H4 chart for my entry. The safest entry is to wait for 2 full range days to form beneath the 18 period SMA, and from there market enter when the lowest low of these 2 candles is hit. There are other entry techniques to get into the market earlier, but they come with greater risk.
NOTE: If you follow my channel, you will know that I am long Soybeans based on my COT strategy. Commercials are close to the max long positioning of the last 3 years (bullish), OI grinding up on the multi-month down move caused by CM's (bullish), paunch forming (bullish), bearish weekly sentiment (bullish), undervalued on weekly vs gold and treasuries (bullish), major cyclical lows (bullish). I have different accounts for different strategies, as sometimes we get conflicting signals.
If you have any questions about these "ducks in a barrel" trade setups, feel free to give me a message.
As always, I wish you good luck & good trading.
Meta (META): Watching for a SetbackIt has been a lovely rise within META since 2023. However, we are now continuing to range for some time, which is usually a sign of a possible setback before a continuation. This setback could be beneficial for sustainable growth and further rises.
Zooming in, we can observe a range building since February 2024. This range has been respected multiple times so far, and it seems likely to continue. However, the small breach of the top looks somewhat like a Swing Failure Pattern (SFP) and could be a signal of profit-taking by many traders. If we breach through the $440 level, we could see a change of structure if a candle closes below it. If this happens, it would confirm our analysis. Until then, we might see higher prices as this is technically still a bullish trend within this range.
Another small indicator supporting our view is the bearish divergence on the RSI. While RSI is a good indicator with a high win rate, it’s not infallible, so this scenario might not play out. Still, this seems the most likely outcome to us at the moment.
DOUBLE BOTTOM IN NATURALGASNatural Gas (NATGASUSD) 1 DAY Chart Analysis
Bullish Indicators Identified: Bullish breakout above the neckline of a double bottom pattern, previously acting as horizontal resistance.
Break of a falling trend line, signaling potential trend reversal.
Expanding Demand Zone: The broken structures suggest a new demand zone, increasing the likelihood of a bullish continuation.
T arget Level: Watching for price movement towards the 2.10 level.
Breakout Confirmation: A strong move above 187.8 will confirm the bullish breakout.
Risk Management: make sure to put stoploss
Disclaimer: This is a technical analysis based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
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Radiant: High Volume = High Potential For Fast Move! (100%-200%)This chart is so clear that it hardly needs any explanation. For some we go deep into TA, while with other charts we go deep into the psychology of trading. Some other times we focus on courage, inspiration, success and personal growth. Some others are meant for profits; potentially fast growth.
➖ A strong decline is present on the RDNTBTC chart, to the left.
➖ A strong bottom formation is also present and a recovery right away.
➖ The rounded bottom is in and the pair trades back above support.
➖ The most important signal of all is the volume... Notice the really high volume on this one.
High volume can be translated, in this case, as a high potential for fast growth.
I am sharing this one as a short-term signal but remember, while only 100% is mapped on the chart, there can be more.
Plan before jumping in.
Remember there is always risk involved.
Thanks a lot for your continued support.
Namaste.
TradingView Auto Chart Patterns - AMZN LULU GOOGL META NVDA I've been playing around with the auto chart patterns for a few weeks now and so far it's been pretty accurate. I think it's great to have an automated tool to help identify a lot of the common patterns I look for so I wanted to share. It also gives extra confirmation to my current bias. We'll see how these patterns end up playing out.
September Effect - Up/Down/Sideways - How I'm Trading ItSummer trading is officially done and the market will be news sensitive leading up to the big bad FOMC Rate Decision on September 18.
August's monthly candle is a wild one with a massive wick to the south and the bulls pushed the SPY within a whisker of all-time highs, Dow to several all-time highs, Nasdaq into a nice bullish recovery posture, and Russell the same (higher lows).
6 Central Bank Rate Decisions in September
US News on Employment and Inflation all rolling out before the FOMC
I'd like to see a seasonal dip or pullback to offer more accumulation opportunities before a run higher. Let's see how it plays out.
Ethereum - Buy It Now Or Never!Ethereum ( BITSTAMP:ETHUSD ) will offer a final retest:
Click chart above to see the detailed analysis👆🏻
Ethereum is about to retest a perfect confluence of support from which a bullish reversal is almost certain. Following the overall bullish trend, Ethereum should retest the previous all time high next and then maybe even follow Bitcoin and create new all time highs going into 2025.
Levels to watch: $2.000
Keep your long term vision,
Philip (BasicTrading)