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Wpatternbullish

PBI ready for a huge breakout to 12 and 16+This chart reflects a pivotal moment for PBI . A breakout above the $8.79 resistance and the downward trendline would be a strong bullish signal , with the potential to rally toward $9.92 and 12.11 and $16.06 in the mid-term. However, failure to break this level could result in consolidation or a retest of lower support zones. Monitoring volume and momentum indicators will be critical to confirm the breakout. W patterns are typically confirmed with a surge in volume as price breaks above the neckline. The W pattern sits within a falling wedge, meaning a breakout of the wedge would likely align with the W pattern's neckline breakout. This strengthens the bullish case. There appears to be a "W pattern" (Double Bottom) forming within the larger falling wedge. Characteristics of the W Pattern: Two Distinct Bottoms: The chart shows two prominent lows, one earlier and another more recent, which form the "legs" of the W. This indicates the price found strong support at similar levels. Middle Resistance Level: The middle peak between the two bottoms is near $8.79. A breakout above this level would confirm the W pattern, signaling bullish momentum. Neckline Confirmation: The neckline of this W pattern coincides with the $8.79 resistance level. If price breaks above this zone with volume, the pattern would complete, leading to an upward price move. Target: Target=Neckline+(Neckline−LowestBottom) In this case: Neckline = $8.79 Lowest Bottom = $5.47 Projected Target = $8.79 + ($8.79 - $5.47) ≈ $12.11.
NYSE:PBILong
by EssieQuantumTrader
HAL Analysis!Double Bottom Pattern with an RSI Divergence in HAL on a Daily Timeframe! Double Bottom Pattern Formation in NSE:HAL ! Neckline Breakout in HAL! Analysis: HAL has made a Double bottom pattern on a daily timeframe after its downtrend so the trend is most likely to change. As we can see price made falling bottoms but RSI has made rising bottoms so there is a clear divergence as I have indicated in the chart. We also can see the optimum volume during the breakout and also the stock is retesting its new support. Trade Setup: Refer to the Analysis and make your own decisions as per your Risk to Reward Ratio Disclaimer: Consider my analysis for Educational Purposes only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:HALLong
by Avinash9087
2
RIVN reverses to upside LONGIn my previous idea, RIVN was short from the highs. That position was closed today as RIVN fell below the target. I now based on this idea have a long position. RIVN's move the second half of today's session was supported by a strong bullish move in the general market from the federal financial data principally the jobs report. On the 15-minute chart, RIVN formed a head and shoulders from January 29-31. The previous trade was from the top of the right shoulder until this morning when RIVN was progressing through a double bottom which intraday formed a " W" or " reverse cowgirl " pattern. The bearish ( selling only ) volume profile shows high-volume nodes at 15.8 and 16.0 so these are my targets. Price is above the POC line of the volume profile which is a bullish bias. Price is currently near to the level of a standard Fibonacci retracement of the previous downtrend I will take a long trade with targets as mentioned. The ideal entry is at 15.62 above a bearish high-volume node. Additionally, I will take a call option striking 16 for February 9th. As an aside, FSR is presenting a similar chart pattern and set up at a much lower price point . However, as a penny stock FSR has higher volatilities and may represent a lower probability overall. A trader may want to take a small position in each and see how they do.
NASDAQ:RIVNLong
by AwesomeAvani
9
NKLA Stock Patterns Suggest a Bullish Bias LONGNKLA on the one hour chart shows several stock patterns which may suggest a trader to sefely deploy a small portion of available risk captial here to have a good chance to make a profit. In the first instance, a "W" or " reverse cowgirl" pattern is seen as handrawn iin blue line. This is bullish like the "M" pattern is bearish. The second pattern is an assymetrical head and shoulders pattern with a rising to the right neckline suggesting a diagnonal rising resistance over future time. Lastly a high tight flat pattern is seen with the flag of consolidation. The flag pole is about 0.08 in height. Bullish continuation is forecasted by the pattern. The RSI indicator shows the fast green line cycling up and down and holding in the lows above 50. All in all this is decidedly bullish. Fundamentally, NKLA burns cash and raises more diluting its shareholders. OF particular interest to this traders, call options for a strike of 0.50 for Fri Feb 16 went from 0.60 to 0.26 or 4.5X of the course of the day. Stock shares or call options IMO NKLA is a buy - I am doubling my position and will watch it on Friday using indicator alerts on the 15 minute chart. while my screen is showing other action.
NASDAQ:NKLA
by AwesomeAvani
SUNTV GETTING READY FOR BIGSUNTV Based on Monthly Chart. Next Immediate Target 660 -700± It is in the formation of W Pattern & Price moving in the Uptrend Channel. If Monthly Closing above 710+ in this month or If it is Closing above the marked trendline resistance in monthly Chart, then it will Open the Door for 4 Digit Target of 1097± & 1040± NOTE : Shared my View based on Chart. It is for EDUCATIONAL PURPOSE ONLY NOT A RECOMENDATION. Do Your ANALYSIS From your side too before entering the Trade.
NSE:SUNTVLong
by senthilkumar1976
1
Is BA- Boeing Company ready for bullish continuation ?BA is in the industrial sector. Presently a sector may be underway with the industrial sector (XLI) getting more attention and some upticks. On the daily chart BA is seen in consolidation at the high volatility high volume area about the POC line of the volume profile. In 2022, BA descended from its post-COVID highs into a double bottom of the "W" type. Since then the uptrend continued into the present consolidation. The zero-lag MACD shows the K /D lines crossing the zero horizontal line. BA is further supported by the long term mean of the anchored VWAP. Given the pattern and trends on the highly reliable daily chart. I see this as a good setup for a long swing trade of either stocks or call options with about 40% upside to the supply zone. I see it as a good way to diversify away from technology for better risk management.
NYSE:BALong
by AwesomeAvani
W for the Win QQQOk I waited for this and really doubt it would pan out. We have a W pattern in the brink of a breakout. Now, lets take the political spectrum. We are not in the climate for expansion after the dwarf star called the stimulus pack from 2020. Even if it was not a recession it is hard to be bullish. So lets get to it Bullish View - Earnings report was interesting. There was very little that showed stock weakness including the massive move by Tesla. I can see $300 level being a big barrier from getting the W pattern to play out. Be vigilant that it can turn back around as quick as it ran up. Bearish View - Lets be serious... how this run up still here? Being below the 0 line in the weekly does not bold well for enthusiasm to take this to 300, let alone the measured move of 310. Look for reversal patterns and exhaustion. Time to take this down, been months since a new low was formed.
NASDAQ:QQQLong
by JDTheGreat
bitcoin huge move & hardcore resistance under w patternCurrently Bitcoin is forming W pattern on 1Day chart, the neckline resistance of W pattern is seen at 45000 to 46000, for the third time btc is rejected from the hardcore resistance level. if bitcoin hold the current level and break the resistance line successfully then the technical price prediction of W bullish pattern is coming in around 60000. if failed again and again then btc need to take correction of 42600 to gain more volume and Dominancy.
by abdulmajid_sarwar