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Pivot Points

Comprehensive Bullish Signals: Weekly Uptrend, Trendline Support- **Bullish Confirmation (Weekly):** - The weekly chart signals a bullish trend with consistent higher highs and higher lows. - This pattern reflects sustained upward momentum. - **Trendline Support and Bounce:** - The stock found support on a trendline and rebounded with a strong bullish candle. - This bounce reinforces the significance of the trendline. - **Previous Resistance Turned Support:** - The stock found support at previous resistance levels. - A subsequent strong bullish candle suggests a successful turnaround. - **Daily Chart Trendline Breakout:** - On the daily chart, the stock broke above a trendline. - This breakout signals a potential shift in the short-term trend. - **Overall Implications:** - The combination of bullish signals on both weekly and daily charts strengthens the positive outlook. - Trendline support and successful resistance-turned-support further support a bullish sentiment. - **Cautionary Notes:** - Confirm ongoing bullish behavior for sustained trends. - Monitor for potential retracements or corrections. - **Strategic Considerations:** - Potential opportunities for bullish trades given the confirmed trends. - Consider risk management strategies for prudent trading. - **Conclusion:** - The stock exhibits strong bullish confirmation on multiple timeframes, indicating a favorable environment for potential bullish trading opportunities. Exercise caution and strategic planning in light of market dynamics.
NSE:BDLLong
by nsdtrading
1
DJI "At support level"TVC:DJI at improtant support level 32806-33033 After getting resistance from Yearly camarilla H3 ( 3rd resistance reversal level of Camarilla Equation ) represented by YH3 on chart ,now TVC:DJI is trading at Yearly Central pivot Range (32806-33034) If get a weekly close below 32806 can see further downside toward 31450 (next swing low) and YL3 30867 , but if get an weekly close above 33050 can see YH3 35425 (high of july 2023) . Suppot and resistance levels used for analysis is Yearly Camarilla Reversal levels (3rd level of reversals) and Yearly central pivot range of 2023.
TVC:DJI
by Apu_3007
Bitcoin Dominance Chart Setup Bitcoin Dominance is very useful in helping us understand where the money is flowing : BTC Dom is currently trading in an uptrend move. : BTC dom might follow the path I have created which might later result in a massive alts rally : Btc Dom as of now shows some relief in ALTS can be seen and money after a decent Btc correction can flow back to BTC : Closely monitor this and USDT dominance or even DXY works : Nas, DJI, SPX, and gold have been outperforming try to understand the global markets as well. : If the FED starts to cut rates then it will be very bullish for Crypto
CRYPTOCAP:BTC.DLong
by VKtradesimbalance