Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action is close to a Resistance Trendline & a Consolidation are - Price action may reverse back towards the previous Demand Zone Suggested Trade: Entry @ Area of Interest 560 - 570 SL @ 580.66 TP 1 @ 552 (Close Half-Position & move SL to Entry level once TP1 is...
Hi guys so this is a Macro analysis on Shopify (SHOP). Recent weeks of price action have got my eyes on SHOP. Lets jump right in. This analysis is done on the 1 week timeframe thus supporting a Macro lens look on whats happening. As you can see, ive highlighted key area with an Orange rectangle. Below it, you can see candles attempting to get into it and...
📊 Script: ORIENTHOT 📊 Sector: Hotels & Restaurants 📊 Industry: Hotels Key highlights: 💡⚡ 📈 Script is trading in consolidation zone from last 17 days, 140 is resistance level. 📈 We may see rally above 140 level. ⏱️ C.M.P 📑💰- 134 🟢 Target 🎯🏆 - 153 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I...
Hi guys! This is a Macro analysis on Upwork (UPWK). Macro meaning larger timeframe aka the 1 week in this instance. Alot of stocks are down fromt heir previous tops. Which means potentials for longterm gains for many names are possible. I try to make sense if things have the technical signs to buy or not. For UPWK -> some interesting signs were observed. It was...
1111 took an upside movement and is in consolidation recently Short term trade of 5 to 6% can be taken between SL and TP Long term trade shall be taken after breakout of consolidation Trade with proper risk management Trail SL to ride the trend
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 time-frame - Price action is at a Consolidation Zone - Aiming for the 50% Fibo retracement to TP Fundamental Confluences for Trade: - US yield differential against AUD will support USD - China's economy is still struggling to improve and dampening AUD's growth potential ...
The bitcoin price moves in the consolidation zone. The ATH resistance level is 73000-73800 and the support level zone is 60000-61000. If the market breaks this ranging zone and goes further upside then the market creates a new all-time high. but, if the market breaks the support level then go downward to order blocker which is 50500-51500 zone.
Hi guys! As always, im looking for macro trends/ signals and critical movements/ developments in the markets. What caught my eye is PAYX. Today it gets the focus as it had Q3 revenue miss and its down 6% pre-market. With panic coming in, ill go over technical developments and the big picture. Lets jump in. We are in the 1 week timeframe (note this weeks candle...
The S&P500 currently looks a lot like the mid-December to mid-January consolidation 👀 Here's what a short term bullish case might look like. As always, DYDD and be sure to manage risk.
Hi guys this is a MACRO analysis on Robinhood (HOOD). Macro meaning larger timeframe aka the 1 week in this instance. Alot of stocks are down from their previous tops. Which means potentials for longterm gains for many names possible. During the decline of assets, price action may create specific chart patterns that may signal the bottom. For HOOD -> such a...
CME_MINI:NQM2024 - PR High: 18498.75 - PR Low: 18472.25 - NZ Spread: 59.5 Key economic calendar event 10:00 | JOLTs Job Openings Prev session closed virtual flat, wide range - Maintaining 2 week range Evening Stats (As of 12:05 AM) - Weekend Gap: +0.21% (filled) - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 220.56 - Volume: 18K - Open Int: 259K -...
NASDAQ:SONO has a lot of Island gaps and another just in the past few months. The compression of price into a sideways trend is a good pattern. Also, the black candle that drops below the consolidation and the white candle the next day is a pattern to pay attention to. This means there is some hidden accumulation from Dark Pools at this new higher level of...
BITMART:LEASHUSDT is done consolidating, it seems. Breakout with a very high volume and a long wick to rediscover. Leash is ready to 14x from here. TP1: 1,292 TP2: 3,608 TP3: 10,000 SL: 500
📊 Script: COLPAL 📊 Sector: FMCG 📊 Industry: Personal Care - Multinational Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages is giving crossover. 📈 Stock is under Consolidation Zone highlighted into chart breakout is above 2624 level. 📈 Right now RSI is around 60. 📈 One can go for Swing Trade...
The SAVMUSDT chart is currently exhibiting signs of a potential bullish breakout. While the price is currently within a consolidation zone, several technical indicators suggest an upward move might be imminent. Key factors to consider: Pivot Points: Both the weekly and daily pivot points are situated below the current price, indicating potential buying...
With a more Fundamental approach that was revealed recently, this is my own personal forecast going forward with this pair. - Cutting NI tax - Consumer prices slowly coming back down - Energy costs coming down We won't feel this impact for a while, over a few months or so when we see it in our Ingoings/Outgoings and have a bit more freedom to buy on luxuries. I...
still consolidating... Defensive industries are the sole Winners such as Pharmaceuticals, Real State development, and/or food. Losers are USD hedge , High Net Debt absolute vlaue, and/or High YoY debt growth companies. Basically its a defensive bullish market with strong Fixed Asset in Balance Sheet .
Doing some cycle analysis today and looking at the bigger trends. One thing I have been noticing is the correlation that Bitcoin has with last cycle's action. To me, Bitcoin is on track with last cycle, sometimes you just have to zoom out to see it. Too many times in crypto, people focus too heavily on the lower term time frames, trying to catch profit swings,...