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Chart Patterns

FILUSDT: Is This a Bull Trap or a Breakout?Yello Paradisers! Is FILUSDT gearing up for a bullish run, or is this just another fake-out? The recent breakout from a resistive trendline and the formation of a W-pattern are raising hopes of a potential bullish move. But, as always, the devil is in the details. 🧐 💎If FILUSDT breaks out and closes a candle above the resistance zone, it will confirm the W-pattern, significantly increasing the probability of a bullish rally. This would be the ideal entry point for those looking to ride the uptrend. 💎In case of a pullback, we can expect a bounce from the support zone. However, if the overall market shows heavy bearish momentum, it's wiser to ignore any long entries. Here, scalping opportunities might arise, but they should be approached cautiously. 💎For a stronger confirmation of bullish strength from the support zone, we need to see an I-CHoCH (Internal Change of Character) that indicates a shift toward a bullish market structure. Without this, any move upwards could be weak and short-lived. 💎Be vigilant! If FILUSDT breaks down and closes a candle below the support zone, it will invalidate the entire bullish idea. In such a case, the market could swiftly switch gears, turning this setup into a bearish trap. 🎖Staying disciplined and waiting for clear confirmations will be crucial here, Paradisers. Remember, it’s better to miss a trade than to be caught on the wrong side. Stay safe and patient—this market rewards the sharp and the strategic! 💎 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
BNBUSDT: A Bullish Setup or a Trap? Key Levels to WatchYello Paradisers! Have you noticed the recent move in BNBUSDT? 📈 Could this be the breakout we’ve been waiting for, or is a retracement lurking in the shadows? Let’s break it down. 💎BNBUSDT has recently formed an inverse head and shoulders pattern, which also aligns with a bull flag formation on the higher timeframe—both strong indications of bullish potential. However, as disciplined traders, we must remain cautious and consider all scenarios. 💎If BNBUSDT breaks out and closes a candle above the resistance zone, the likelihood of a sustained bullish move significantly increases. This would confirm the breakout and signal a potential rally. 💎On the other hand, the probability of a retracement remains on the table. Should this happen, we would look for a bounce from the bullish order block (OB). To further increase the probability in our favor, waiting for a bullish internal change of character (I-CHoCH) would be prudent before entering any positions. 💎However, in the case of a breakdown with a candle close below the Bullish OB, the entire bullish idea would be invalidated. If this happens, patience will be key—waiting for stronger price action at better levels will provide higher-probability setups. 🎖This is why, Paradisers, we emphasize the importance of strategy and discipline in trading. Whether it's a breakout or breakdown, sticking to your plan is the only way to achieve long-term success. Stay vigilant, stay patient, and always trade smart. 💪 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
GALA: Is a Bullish Breakout Brewing or a Fakeout in Disguise?Yello, Paradisers! Have you noticed GALAUSDT’s latest setup? It’s catching everyone’s attention for all the right reasons! But is this the breakout we’ve been waiting for, or are we setting up for a trap? Let’s break it down step by step. 💎GALAUSDT has already broken above its resistance zone, which can now acts as support. However, Watch for bullish I-CHoCH (Internal Change of Character) on lower timeframes to confirm continuation. This will also allow us to tighten the stop-loss, improving risk management. 💎If the price fails to confirm at the current zone and drops below the broken resistance zone, it could still find support at the bullish Order Block (OB) below. Again, wait for an I-CHoCH here to stack the odds in our favor. 💎However, If GALAUSDT breaks below the bullish OB and closes a candle, the bullish thesis is invalidated. In this case, patience will be key. It’s better to step aside and wait for new price action to develop rather than forcing trades in uncertain conditions. 🎖Stay focused, trade smart, and always prioritize risk management. Whether this move brings profits or lessons, long-term consistency is what separates the winners from the rest. Let's make it happen! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Nifty Long ChannelThe concept of Nifty moving in a curved channel can be quite advantageous for traders and investors. A curved channel indicates a trend that is not linear but rather follows a more dynamic path, often reflecting the natural ebb and flow of market forces. This pattern can help in identifying potential support and resistance levels more accurately, as the curved nature of the channel adapts to the market's volatility. By recognizing these levels, traders can make more informed decisions about entry and exit points, potentially increasing their chances of profitable trades. Moreover, a curved channel can provide a clearer picture of the market's momentum. Unlike straight channels, which might oversimplify the market's movements, a curved channel takes into account the gradual shifts in market sentiment. This can be particularly useful in volatile markets where sudden changes are common. By following the curvature, investors can better anticipate reversals or continuations in the trend, allowing for more strategic planning and risk management. Overall, the curved channel theory offers a nuanced approach to market analysis, enhancing the ability to navigate the complexities of Nifty's movements.
NSE:NIFTYLong
by pohankarparth
simple pattern based tradeAfter correcting a fair bit from its recently made all time highs my favourite pharma stock has been going in a zig zag manner while fundamentally it recently sold certain non core assets for some 150 odd crores... so whats cooking, will it announce the first of its long awaited brownfield acquisitons? Anyhow, it has formed a symmetrical triangle and the same should cleanly breakout between 10th and 17th dec, both dates included... target is near to its ATH of 1636... Although I may hold upto 17th dec as long as the price remains within the triangle, it is prudent to keep SL of 1400 on daily closing basis...
NSE:NATCOPHARMLong
by Rocky_Chow
[Positional] OIL Support and Resistance Trade Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
NSE:OILLong
by Amit_Ghosh
Gold Trend Forecast for New Day (December 5) – Rebounds to 2666 🔽Gold prices rose on Wednesday (December 4), after data showed the number of jobs created by the US private sector increased at a moderate pace last month, ahead of a speech by the US Federal Reserve Chairman Jerome Powell later in the day and the official jobs report on December 6. 🔽The ADP report showed that the US private sector created 146,000 jobs last month, slightly lower than the forecast of 150,000 jobs increase from economists participating in a Reuters poll. 🔽Gold is seeing a weak reaction today, with a stronger-than-expected impact from the upcoming official US jobs report and if the data shows a weakening number of jobs, that will support gold prices. 🔽Gold seems to be finding strong resistance at 2630 Note: Currently Gold is completely following fundamental news Especially US economic news! Bad News Gold Rises! Good News Gold is down 🔽Currently, Gold has broken 2655 and has a Closed closing level around 2650 and is the second consecutive day that Gold has closed higher than the previous day, so today Kevin will prioritize following Buy Gold 🥰Trading plan: 🔼 Buy Gold: 2636x – 2634x SL: 2630 Tp: 2644 - 2653 – 2688 – 2720 🔽 Sell Gold: 2663x – 2665x SL: 2668 TP: 2678- 2665 🫶Note: Set SL tightly for each order, the financial market is full of risks, if you do not set SL, do not place an order. 🫶Wishing everyone a happy and joyful Thursday 🫶
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Banknifty should fly from here! Due to rate cut expectation #NIFTYBANK action pack analysis on banking sector..are you ready?? Tomorrow is monetory policy, so there is higher probability we can see rate cut as minimum 25 basis points, so i am expecting this news is gonna to be positive specially for banking and nbfc sector, so chances are high banknifty can give solid move towards 54000, atleast 700-1000 points move possible from current level, other side 53000 is really strong support zone for intraday closing, right now price has came down, but it will surely give close above to 53000 levels. For downside we have very strong support zone at 52575-52650 which can act like strong support zone for intraday in case if we see more dip from here. Overall tomorrow mpc news is highly positive for market. I have a trade for that take banknifty 54000ce now at 445 you can add more in case if you get some lower levels till 390 keep strict stop loss at 300 so overall we will have 145 points stop loss for Targets we will keep at 560/675/900++ Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
NSE:BANKNIFTYLong
by TraderRahulPal