A potential swing trade short has presented itself on the daily chart. DXY failed to closed above 103 and formed an inverted hammer on the daily chart, and its upper wick met resistance at the 38.2% Fibonacci level. Daily trading volumes also declined whilst prices rose gradually, against the prior (and more aggressive) leg lower. This suggest the -day rise is...
-Previous Day candle closed Bullish. If we are looking for buys we will take on until 19th feb 24 and TP 2 16 feb 24 daily resistance. - If we are looking for sells we take on until tp 1 28 march 03 and tp 2 on 19th March 03 daily support. - Wait for 1 hour candle to close above or below zone. -We risk 3% of our capital. Close trades once price reverses to...
MIL:BTC is going to 75K by WYCKOFF+VSA+ELLIOT analysis BINGX:BTCUSDT.PS BITSTAMP:BTCUSD BINANCE:BTCUSDT
-Previous Day candle closed Bullish. If we are looking for buys we will take on until 19th jan 24 and TP 2 15 feb 24 daily resistance. - If we are looking for sells we take on until tp 1 19th nov 07 and tp 2 on 12th feb 24 daily support. - Wait for 1 hour candle to close above or below zone. -We risk 3% of our capital. Close trades once price reverses to opposite...
BTC just printed a dragonfly doji on the daily and is clearly overextended. I have been calling for a correction for a while but the only thing we have gotten is a few levered flushouts. There is some support around 68k, a little more action around 66k. A nastier version of a correction would put us back between 58-60k. I think this would spook a lot of people,...
Dive into the heart of market volatility with our latest analysis of NASDAQ:META 's price action, centered around the critical 10AM box on the 5-minute chart. This video breakdown offers a comprehensive look at the key movements and trading opportunities that emerge in the early hours of trading. Whether you're a seasoned trader or just getting started, our...
Possible buy on all the strong buy candles off resistance. We are in a short-term uptrend off a long-term downtrend. We have multiple confluences to support a trade to the long side.
Semiconductors showed signs of stalling last week, and Advanced Micro Devices might have confirmed a potentially bearish pattern. Today’s chart highlights the big price swing on March 8, which featured a record high and then a close below the previous session's lows. The resulting candle was both a “shooting star” and a bearish engulfing bar. AMD proceeded to...
Head and Shoulders kind of pattern formed on Nifty hourly chart which is not a very good indication for rest of the week. Only saving grace which can support Nifty in this scenario is a trend line and Mid-Channel support which are in the zone of 22302 and 22255. If 22255 is broken and we get a closing below it tomorrow or the day after H&S Break down will be...
Remember that we are anticipating the inflation rate today, which could prompt a significant reaction from ⚠️Gold. The market is currently showing a descending triangle formation on the intraday chart and is testing its neckline. If the price breaks and closes below this level, it could signal a strong bearish trend, potentially pushing prices down to the 2163...
NZDJPY formed a huge head and shoulders pattern on a daily time frame. We see a confirmed neckline violation, with a daily candle close below that. The pair may continue to fall. Next goal - 90.0 ❤️Please, support my work with like, thank you!❤️
The CADJPY pair has broken through and closed below a significant horizontal level on the 4-hour chart, indicating strong selling pressure and suggesting a potential continuation of the bearish trend. It is likely that the pair will decrease further, so traders should look for opportunities to enter on a retest of the broken structure.
Hi everyone, Technical Trader here. Awaiting confirmation on the Daily and (maybe Weekly) to see whether we can fill the Monthly candle stick wick. Price approached the yearly mark (Jan 2014) and was rejected. Clear Channel, but could it break? I've not got a bias on this one just yet, but I will be watching over the next few days.
Nifty gave a weak closing today below 50 EMA (Mother Line). Which indicates that there can be more downside. However there will be support provided by the Mid-Channel support which is near 22263. If this support is broken further supports might be near 22129 (Trend line Support) or Father Line 200 Hours EMA near 22057. Resistances on the upper side for Nifty will...
In this project all elements are projected as potential support/resistance zones. The snapshot was created taking into account multiple scenarios that might unfold, while trying to catch at least one big turnaround event at one of the shapes, regardless of the path of the price. The main scenario would be a pivot point at the green rectangle. A more bold...
Semiconductor Bull 3X ETF, Bearish Engulfing and Gap down. Short 47 Stop 57.10 Target 28, 14 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account. BuyToOpen Aug Put P30 Limit 3.16 SellToOpen Aug Put P16 x2...
Bearish Engulfing and Gap down. Est. Fib# ext to 4.618 ( 920 ), retracement to 2.618 (690) Short 855 Stop 980 Target 690, 500 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
This is my third RTX trade and the stock is finally starting to push again with a strong pivot. Stochastic RSI points upward and a bullish daily engulfing candle presents itself. I have averaged into april 19th 95$ calls over the past ten days for this setup. My price alerts are the white dashed, my most bullish target is the full gap closure on the dashed green...