September 29 Chart of the Day - Toyota Motor Corporation

Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.

Toyota Motor Corp. (TM) may not get the same trader attention as the latest tech high-flyer, but this chart deserves a close look.

Price has been consolidating after a strong move, and the structure sets up a compelling test of whether bulls have the strength to make another run higher—or if sellers will regain the upper hand.

We'll review the chart from a price action perspective to identify potential levels of interest in both directions.

The charts highlight key levels where investors and traders alike will be watching closely.

Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution create the foundation for long-term success.

When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame. 

As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.

Since May 2023, we've showcased over 600+ Charts of the Day and provide a Free Quick Start Guide to traders with ambitious income goals for our patent-pending NeuroTrading Method™.

Monthly Chart 

On the monthly chart, the most important feature is the long gray shaded rectangle — a Change Control Zone, one of the five price action tools we teach when charting anything.

By definition, Change Control Zones are areas where neither bulls nor bears are in charge. Price can slash through them with reckless abandon, respect the top or bottom from outside or within, or churn sideways aimlessly. And when price finally breaks away, it often gets drawn back to the zone like a magnet.

In Toyota’s case, we’ve seen all of the above over the years, and the current setup shows how influential this zone remains as a long-term reference point.

With plenty of volatility traders have had much to be happy with while investors seemingly have been disappointed.

This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.

Weekly Chart

On the weekly chart, Toyota continues to battle at key retracement levels.

Bulls need to hold momentum if there’s going to be follow-through higher, while sellers are watching for signs that the magnet effect of the zone could once again draw price back toward it.

It goes without saying though, the only guarantee in the markets is that price cycles.  It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.

Only time will tell for sure what price will do next...

We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.

With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.

So what's next? 

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