Hey guys! At this very moment, we are in the middle of almost everything so you don't want to get caught on the wrong side of the trade. Better be safe than sorry. Having said that, here's my idea about what we are looking at right now. 1) There's a channel marked by green lines as shown in the chart. If you can see this, you'll notice whenever price touches...
TFEX S50 Futures looking down in all 3 Trend Primary trends Secondary trends Minor Trends At the moment it is at the -2SD support level of the Volume Normal distribution and POC of Regression Trend Now Volume Profile of last Degree move down to the bottom that might bounce. If looking down, wait for a bounce and then open a short at the POC resistance level or...
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to range, where it firstly declined to the current resistance level, which coincided with the support area and at once started to grow. In a short time price reached the 71000 resistance level, which coincided with the seller zone...
VERX on the 15 minute chart demonstrates printing a high tight bull flag pattern in its bullrun after the earnings report was a two line beat much like the one a quarter ago. VERX has impressed traders including this one who got in on the ride early. I will trade this like others recently with a similar pattern. I will hold during the consolidation and watch...
Potential price breakout of a reversal channel towards a key support area. Counter movement: If price breaks current resistance area upwards, retrace and form new support area; then price will potentially move towards a key area (previous lower high on the daily timeframe). Place pending orders above and below resistance area and let the price play out.
Over the past few days, NSE:BANKNIFTY has experienced a downtrend, presenting an opportunity for traders to analyze a potential reversal through the formation of a rectangle pattern. The rectangle pattern is a horizontal consolidation pattern characterized by parallel support and resistance levels. It indicates a period of market indecision, where buyers and...
1. Change in the regression trend at day timeframe, 1st Dec 23 It occurred with Gap formation, which will act as good support 2. Another Regression channel can be observed at 1hr time frame 3. Spinning Top Formation at the weekly timeframe, implicates bearish sentiment in the last week's price movement Another "change in the trend" is expected
QQQ is here on a 30-minute chart showing its pivot down from a near-term high in a descending regression channel. Advanced RSI and MACD indicators are used to better pinpoint short entries in this downtrend especially with put options contracts with expirations every other day. Greed has turned to fear. Those equipped with experience and risk management can...
On AUDUSD Price is currently trading within a well-defined ascending channel on 1HTF, inside a 4HTF ascending (reversal pattern) this gives an additional confluence. Waiting for price to test the upper dynamic trendline that serves as my support before going short. If you found this helpful, please support your fellow trader with a like.
According to the Cosmic Channel Lite indicator, the price has broken a 2 day minor resistance level as indicated by 2 Cosmic Markers Lite markers, reversed down and stopped at another local Cosmic Rays Lite support. If the price rises above the last minor resistance level, the next major resistance lies around $28k.
After moving below the Cosmic Channel Basis Line the price fell until Cosmic Channel Lite Support and stayed hovering below that level. The current Cosmic Rays Lite resistance line is on its way down towards the price and is projected to meet it in the next several hours. This should be a key moment to decide the next major trajectory the price will take.
75%w strategy , 12:1 RR, .65% avg winning trade, 0500 EST. 1st TP .62% 15080 2nd TP .85% 15050 3rd runner : close trade/ new signal. NDQ100 Eightcap, Nasdaq cash, US100, tech. Typical trades last 16 hr. Close all position/ SL at any time new, 1hr chart signal is given. Will update as trade progresses. ALL 3...
Price action has been channeling in a zigzag pattern. Micro bearish impulse downward leg in development. Just pointing out levels to watch.
ZOOM weekly - EDUCATIONAL only - Support, Resistance, Confluence
The price action is trading in the upper band of this micro bear flag, key level. Expecting a downward leg to the demand zone, as the ABCD reciprocal (0.382:2.618) is targeting the region.
NSE:VEDL Stock is consolidating between 275-285 from past a month. From past few days (Last week of June) The stock is getting seller pressure however it is not able to close below 275. It’s a sign of strength that buyers are defending this level. Today Stock has shown a bullish hammer around the support level. It’s good time to go long with Small SL. SL...
It has been under formation since the 2nd week of March, which reflects the overall trend of the market for the Last 3 Months. It is a good time to invest in Nifty Bees since it has reached an all-time high and is on an unknown trajectory. Overall, it is a super bullish setup.
Impulse downward scenario up-to-date. As expected by the last bearish analysis, CZ coin is heading down to fall @ demand zones after a Head and Shoulders breakdown. Pullback to neckline accomplished.