timeframes used: 4h & daily
After a fast paced HH price made a round correction, almost 50% Fib, which is the "cup" of the cup and handle formation.
This retracement was followed by a higher high, which is untypical for a Cup and handle formation, but it doesn't really matter.
My plan is to go long on the retest of the broken support area and go for a TP about the...
For this analysis we will be looking at the daily and 4h charts.
AUDUSD recently broke the uptrend by setting a LH (lower high) snd breaking the trendline, which indicates a retest, followed by a drop.
Entry: my entry is in a area where the price tends to reverse, you can find these areas by looking for candles (multiple candles, more than 2 would be great) and...
For this analysis we are looking at the daily timeframe.
NFLX is in a nice uptrend, but currently we are seeing a retracement, which is the chance to buy a nice stock at a smaller price.
Netflix recently broke the upper resistance of an ascending triangle formation, which is a bullish sign. The break was followed by a fastly reached ATH from which the price...
I drew this setup about 10 weeks ago and since everything worked as planned so far I decided to share it.
DB is in a symmetrical triangle (weekly/daily chart) or maybe even in a falling wedge. The previous trend was bullish, nice HH (higher highs) and LLs (lower lows), what gives rise to the idea, that there could be a bullish breakout. The BO is confirmed, if...
AMD obviously is in a uptrend, but right now we are seeing a little correction (possibly about 28%). I am positive that the current (possible) LH will lead to a drop to the support level (labeled), from there we could either see a 1)bounce or a 2)break.
1) Bounce:
... could lead to another LH which will extend to the red rectangle (resistance), followed by another...
TSLA$ is in a falling wedge pattern (bullish) and just hit a relevant previous ATH which serves as a support zone. Following could happen in the next couple weeks/months: either we are going to see a bullish formation BO with a retest on the relevant previous ATH (rn still support), which we could use to enter a long-position or the support is going to break,...
