This is the Weekly Chart overlay with the Ichimoku Indicator.
Using the Weekly and Daily Charts as my Mother Charts for this week's trading, I am forecasting a pullback in price. I am using ICT Concepts for my Price Action Analysis with an overlay of the Ichimoku Indicator to show Levels and Trend direction.
Shibainu appears bullish on the Ichimoku chart, signaling a potential upward trend.
Is the fall in Tesla's share price coming to an end? I recently published an idea predicting a fall in the share price to $215, which happened even faster than expected following the publication of more than disappointing results. But now what? Despite this bad news from a fundamental point of view, I remain in line with my initial analysis and believe that the...
On the H4 timeframe, the pair broke above the upper level of a descending channel, and is encroaching towards the previous high at 146.500. With this break to the upside, price elevation beyond this level would be our upside confirmation to the next high at 148.800. This also coincides with our 27.2% fibonnaci retracement levels. The pair is also above the...
Dear Ziilllaatraders, Gold tends to exhibit a bullish trend when the Dollar weakens in response to lower inflation numbers. What we saw now of the dollar was a retest upward. As inflation declines, it diminishes the purchasing power of the Dollar, leading to a potential depreciation relative to other currencies. This depreciation prompts investors to seek...
Hello & Welcome to this analysis Stock appears to have gone into a triangle correction since its OCT 2021 high and could be currently in its iii leg. Immediate resistance at 1490-1510, above that 1600 and then a bigger one near 1750. While support comes in at 1460, below that 1400 and v crucial trendline support at 1300, failure to hold that would drift this...
Hello and welcome to this analysis CNX 500 after a very lengthy period of sideways correction that started in OCT 2021 has shown a very strong reversal in APRIL 2023. The relative strength chart has now given a fresh signal of further strengthening of CNX 500 over NIFTY, suggesting that CNX 500 stocks shall outperform NIFTY stocks for quite some time. It also...
Hello and welcome to this analysis After 13 years of downtrend its now trying to consolidate and form a higher low (March 2023) with the all time low made in March 2020. Stock is currently on a pullback of its trend line breakout with support at 40-36 and immediate resistance between 62-72. Sustaining above 72 it could rally till 125-170-270. While failure to...
Hello and welcome to this analysis In the daily time frame after a very strong run in 2022-23 the stock is showing a reversal signal. It could test the Ichimoku kumo levels of 1550-1525 as long as it sustains below 1625.
XRP pump today. As prices surge we look to trade the pull back. Price is coming into the orange zone, possible resistance on the daily Ichimoku chart. Should prices cool off we take profit on the first support zone, a 1.34 risk:return. Stop above the zone. Don't take this trade as it might run into a loss. It's just an idea, not financial advice.
Monthly: Kumo flat Tenkan-sen; Kijun-sen flat Chiko below candles Price is under Tenkan-sen, Kijun-sen No trend Kyushu Ashi => Monthly no trend Weekly: Senko-span A and B cross Chiko above candles Price below Tenkan-sen, Kijin-sen Bearish Kyushu Ashi => can expect price will be sideway-down until next Kihon Suchi (27 March or 22 May) Daily: Kumo down Kijun-sen,...
Hello & welcome to this study on daily time frame As per Ichimoku it is seeing a rejection near a cloud with future kumo still bearish. It could now do a pullback till 1250 (with interim support near 1290) as long as it remains below 1340. From the daily base line support (expected retracement level from here) a fresh rally could take place for 1450 (provided...
Here we trade Tesla stock using 1W Ichimoku levels. What do we observe? Price dipped below the base of the green cloud at aproximatly $161. The market kindly urged weak hands to let go of their shares, so we look for long opportunities. I.e. trade the correction, get everyone bullish before continuing our way down. The first two support levels on the 1W...
Here we trade CTCUSDT.P using 4H Ichimoku levels. As prices go up, we're looking to go short. Here are some price levels to watch. What do we see? Price is coming up. Just above the previous high there are some resistance levels we identify using Ichimoku indicator. We were actually surprised price did not reach those levels on the previous high. How can we...
Here we analyse BTCUSD.P. Price action up until this point still looks rather corrective. This is supported by the 4H Ichimoku levels drawn in the chart. We trade at the zone of resistance, while the zone of support is found below the current swing lows. Unless we see a definite and powerfull break of the zone indicated, this trade idea is in our opinion still...
Here we trade Bitcoin using 4H Ichimoku levels. After closing our last short position it looks like Bitcoin is ready for some upside. We analyse the chart for new trading opportunities. What do we observe? Bitcoin made a lower low. After fully penetrating our support zone we see a strong rejection to the upside. RSI(14) formed a higher low which may indicate...
Here we trade FTMUSDT.P using 4H Ichimoku support/resistance levels. Note: this is not a high probability trade, so we enter with relatively low volume and place our stop close to our entries. If markets run against us, we'll take a comfortable loss and not suffer too much. What do we see? In our opinion, FTM did not yet reach its target: the orange zone...