With the markets taking a bit of a battering, I thought I'd show you some more of TradingViews advanced tools to perhaps help you find better quality stocks that might be more resilient to these corrections by combining both Technical Analysis indicators along with some really easy to understand at a glance Fundamental Analysis metrics.
In this video I will...
We have been trading and investing in markets for decades since the early 1980s. Experienced and successful traders and market participants tend to remember their losses and mistakes instead of victories. Profits feed the ego; losses are teachers for those who realize that valuable lessons come from adversity instead of triumph.
Everyone has an opinion- The...
What Is a Reversal?
A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a...
Whooo boy, interesting market out there. First fun day in months! The following is taken from our morning market note:
For the first time in a long time, the daily and weekly technical picture has nearly fully diverged, with the weekly situation only registering a short term bump, while the daily reads nearly fully negative.
The Weekly Shard...
Hey, fam, welcome on another analysis for the day. In fact, it's not much of an analysis, but rather a conspiracy theory. Looking at the Bitcoin chart, we can clearly see that the market is bearish, or should I say dinosauirish for the moment. As it can be inferred from the chart, the price is forming another Stegosaurus reversal pattern. The last time a...
As we said before price near 52K and then 49k was receiving resistance of 0.61% Of Fibonacci and dumped both times.
Now we are looking for the best possible entries that are:
A. 40000$ support that touched and we mentioned it a lot before
B. 38500$ that is the major support zone now
Notice: if price break this parallel channel or the trendline that dumped price...
Hello everyone 😃
BTC is following our last scenario :
It just reached one of our major buy zones and gave us almost 10% from it.
Now because of the stop-hunt below the 40K's buy zone, I'm thinking about another leg-down with 65% chance to happen.
You can hold your bags till 44K and 45K's resistance zone,
- If #BTC shows any...
As you see in the chart, we have a sharp downtrend which was in a slow bullish correction phase and has been retraced 50%
As I expected in my previous analysis, 1.1750 was a key level and price got rejected after touching this level and was pushed to the downside.
Moreover, the correction ascending trend line has broken out to the downside and price has...
GBPNZD is also on my watchlist for potential bearish continuation opportunities.
We can see that the higher time frame has formed into a larger parallel channel structure after the strong impulse phase.
Naturally price will correcting within, and good to be patient here to wait for bearish confirmation.
Latest development shows a lower time...
Indecison on the market is changing to a clear bullish mood
And the price action on the lower timeframes is clearly supporting this narratve
Therefore, I think a long is a good idea to go long
Like and subscribe and comment my ideas if you like them!
Boeing has started to regain order momentum in 2021 after two crises - the 737 MAX flight ban and the COVID-19 pandemic. In the first eight months of this year, the aerospace giant received 315 net orders for commercial aircraft. That is a welcome change after two years of negative net orders.
However, Boeing continues to fight hard to produce aircraft reliably...
Hong Kong Shanghai Bank Corporation HSBC
With the DTCC new ruling that all banks must have 1 trillion. Enough to survive a sever recession. HSBC is one of several banks pleading that this rule doesn't go into effect. We can also include the mighty hedge fund Citadel with this plea. Let's include this one of many banks that are involved in someway with the...
Since May Nasdaq has traded in a rising wedge formation.
Now the pattern is finally broken to the downside and the price should fall from now on.
A correction of the last 2 trading days drop is not out of the question and this can give sellers a good opportunity for short trades.
I m looking at around 15300 for my sell trades and as a target 14k support for an 1:3 R:R
Decided to analyze bitcoin dominance and the global altcoin picture. Bitcoin and altcoins have already corrected enough. Based on logic, now is a good time to buy assets at a discount. If you follow the DCA system, now is definitely a good time. But that doesn't mean that prices can't go lower. What do we have on the bitcoin dominance chart? If you look at this...
Two weeks ago NDX formed a peak formation at the top of the multi-month Channel Up (Higher Highs) and I posted the following chart calling for a strong correction:
As you see that correction is currently underway and having broken below the 1D MA50 (blue trend-line) is...
So we got a bounce where we really needed per last post (click).
But now we have significant resistance zones on the way back up.
It was a good sign that we bounced into the first resistance zone.
Bulls need to hold 15k round number (even if it is an index).
It is very possible we try to for a double bottom around 14.9k.
Loss of 14.9k would be a very bad sign...
As I expected, after Monday's local low, Gold has started to correct.
At this point, the yellow metal is trading in a very strong resistance zone. A confluence of the horizontal, descending trend line and confirmation of the long-term ascending trend line.
A short position here can have more than 1:5 R:R if we target 1680 support
On the other hand, Gold back above...
- Classic bullish pattern
- Our team expects retracement
Entry - 22.593
Stop - 22.236
Take - 23.128
Our Risk - 1%
Start protection of your profits from lower levels
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As expected GOLD has reached the resistance zone at 1780.
Now we are looking for the next move. It all comes down to the FED interest rate decision.
Technically speaking it looks like price will continue lower and below the previous lows. However, DO NOT use big lot size before the news!
Entries a little after the news will be more confirmed. In case of a...
I have new position that I just open in ES. One of my most favorite set ups is this. And for me potential for good profit is in this set up.
1. You see a possible reversal candle at the orange left pointing arrow.
2. next candle should be closed up above the open of candle that happened right before potential reversal candle. it did go above this candle if the...
Just wanted to point out some TradingView hotkeys that I use the most:
* ALT + H = Horizontal line - a great way to quickly mark the round numbers on your chart or tight support/resistance areas.
* ALT + V = Vertical line
* ALT + T = Trendline
* ALT + I = Invert the chart - probably the most interesting hotkey. Do you have some trouble taking "SELL" ideas?...
A short ⚠️disclaimer before we start:
the rules that will be discussed in this post are applicable only for technicians - traders that are relying on price action/structure/etc.
Also, we assume that structure levels do work and for us, key levels are considered to be the safest trading zones/points.
In order to increase...
Just thought I would show you an interesting way to see who is making the right calls before a stock or (crypto)currency makes a significant bullish or bearish move.
With so many people posting on TradingView it can sometimes be hard to know who to follow.
This is a way to see very simply who is making more accurate calls and best of all it IS NOT influenced...
Yes, this is risk management.
Without proper risk management, your trading strategy based on levels, indicators, patterns, etc.will not make any sense.
Any trading strategy should be supported by strict risk management, where the maximum allowable losses per transaction and the risk ratio are observed:the profit is always...
This is a combination of Fibonacci and Gann fan/retracements.
The script can automatically draw as many:
as the user requires on the chart. Each level set or fan consists of 7 lines based on the most important ratios of Fibonacci/Gann.
What are Fibonacci...
Pullbacks are always hardest part of the trade and when it happen, we struggle to make decision on whether to continue the trade and wait for recovery or cut losses. Similarly, when an instrument is trending well, it is often difficult decision to make if we want to take some profit off the table. This indicator is aimed to make these decisions easier by providing...
I spent a lot of time searching for the best ZigZag indicator. Difficulty with all of them is that they are always betting on some pre-defined rules which identify or confirm pivot points. Usually it is time factor - pivot point gets confirmed after a particular number of candles. This methodology is probably the best when market is moving relatively slow, but...
For a few months I have been getting requests from my followers about ABC pattern and finally I decided to make this indicator.
How it works?
- It creates Trend Cloud using Simple and Exponential moving averages with the lenghts 50, 100, 150, 200, 20, 40 by default and checks the trend. you can change the lengths as you wish
- It also creates...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
After rejection of 48-50k range the target in my previous video was around 39-42k.
We already meeting those targets but as books reshape and futures data is delivered to us we can see that open interests are still high while price coming down and on top of that the amount of liquidations so far are quite disappointing.
We need so see some serious liquidations...
SOLUSDT is creating a descending channel 🦐
If the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h...