Hello everyone. After days of bleeding, finally Chinese stocks started a rally today after being hit by tightened regulation in China.
To map out the possible future move, I put Hang Seng index and the big familiar tech names, e.g. Tencent, BABA and Meituan on the same chart. The analysis is carried out on the daily timeframe.
Hang Seng Index: Lower low...
Hello everyone. According the linked idea below, EURUSD has chosen to take out the bottom (route 2) as expected by approximately 150bps .
Today, it retested the zone which is the combination of flip & drop-base-drop supply zone , plus 61.8% fib retracement .
I think it's a nice pullback short setup . If the zone holds, the pair could go as low as 1.1441 ...
GBP/AUD it's showing us in H4 timeframe a bullish divergences in the RSI and price action. We look that the price action made lower low and RSI made lower high. So, investor want to take this par to the yellow flip that I show here in this screenshot.
So, I just put a small long...
Hello everyone. Markets are pretty bumpy those days amid potential escalated trade tensions between US and China, and approaching US debt ceiling deadline on Oct. 18th. The VIX has surged in the past few days as below.
Let's have a look at my favorite line chart of NQ, Gold and US 10Y yield. Now, the US 10Y yield is...
Hello everyone. Yesterday, I published an idea titled 'Global market rattled by Evergrande's crisis', which I marked a strong holder zone around $40000 on BTC with long-term MA and flip structure . You can check the linked idea below for more information.
I was right about the zone which did serve as a strong holder. I can see price went deeply into the zone...
Hello everyone. Shanghai Composite index fell from previous high level of 3730 yesterday. How will the index move?
On the fundamental side, three key figures, Retail Sales y/y, Fixed Asset Investment ytd/y and Industrial Production y/y are all below the estimation. That triggered sell-off around 10 am in the early trading session.
On the technical side, the...
Hello everyone. Nasdaq has been a bit weak for the past 7 days. What might it go in the short term?
Historically, September has been a down month for the markets, which have seen an average decline of 0.56% in the month since 1945, according to CFRA(I copied this from CNBC).
On the daily chart, I observed that there was no impulsive candle after the...
Wow ! Look at that huge candle up on $FET ! I had predicted 1920 as a target area before and we hit that target last night ! As you can see we are now inside that light purple line of our colorful Gann Fan indicator . Below us the bottom of that line ( 3/1 on the Gann) is basically at 1550 sats which was our previous resistance . In other words we may have just...
Hello BTC traders. It's been days since I posted my view of BTC. After bouncing from around 30K by 71%, BTC hit with a strong bearish structure (flip, drop-base-drop supply zone).
Price tested the uptrend line with more holders below, e.g. MA, 50% fib, flip.
So, uptrend may serve as a firm holder to push the price higher for the 2nd try of the bearish...
Hello everyone. The reported earning today is way better than the estimated number. However, I noted a gap down at the opening with previous low sitting around HKD 421.
Basically, the continuation of the crackdown on the tech companies worried investors. Today's upper wick candle suggested selling pressure.
The nearest support level is previous low of HKD...
Hello everyone. The newly released US core CPI m/m is 0.3%, less than the expected figure of 0.4% and also well below June's 0.9%.
CPI is another key economic data that Fed keeps a close eye on. When the number goes too high, fed tends to raise interest rate to combat inflation. Today's data eased investors' concern a bit. Fed may not rush to raise the target...
Update on my previous idea - see Link to Related Ideas below.
As predicted BTC has had a strong impulsive upward move to $42k region followed by a healthy retracement which did break market structure which posed some concern.
However (1) restrained selling volume together with the (2) extreme steepness of the impulsive moves upward trend line and (3) the RSI...
Hello everyone. After days of consolidation, finally Tesla conquered the battle zone of 690-700, heading to the next target! How to make the guess of the next target?
Using the measured move tactic, the previous range is approximately $70. So, adding up $70, the next target is $780 which happens to be recent pivot high.
So my plan is buy the dip and hold it...
Hello traders, I just identified a bullish setup on the daily chart after a long day of work. The logic behind is quite simple:
2. Fib(50%-61.8% with entry and stop)
3. rally-base-rally demand zone
Give me a like if you're with this simple setup.
Trade safe and stay safe!
Hello everyone. Sometimes S&P is more comfortable for charting setups, compared to Nasdaq.
On the daily chart of S&P, it just retest the flip level & mid-term moving average. Technically, it was a perfect retest and the momentum to the upside should be strong.
On the daily chart of Nasdaq, the flip and mid-term moving average is way down compared to S&P. So,...
Hello everyone. The bullish setup of gold is mainly based on momentum on 4H.
I listed the reasons to long on the chart for reference:
The target is around 1860 which I chose to be in line with the daily chart structure. In my opinion, the selling pressure is high.
In addition, the entry zone is 8 dollars. If...
At the moment, Ethereum could to show us an interesitng movement to up. For that, I will going to hope a bullish candlestick becuase I believe that this structure could be valided as I thinking in my past analysis of bull cases with Chainlink.
And looking in weekly timeframe, Ethereum could to entry in the...
Hello everyone. Give me a like if you're in favor of my opinion.
This is a 60m bullish setup, playing with momentum. The confluence includes flip, moving average.
You can set an alert as a reminder. Trigger is bullish pattern on 5m after hit or kiss the potential entry zone.
Stay safe and trade safe!