Using support and resistance
The price may move to 0.65000 for market correction. after that the price may move towards 1st resistance at 0.65944 and if resistance breaks then we can expect a small bull run till 2nd resistsance 0.68000. There is a highly chance to buy at near to 0.65000 if market dones a correction and we can expect a good move here in upward...
1. I used the Previous OTE ZONE as my entry area when it has already been tapped a few times...
2. I did not plot a fib ret on the latest swing low/high for some reason despite there being a ChoCh present.
One thing to note about this though, is that the FIBRET is Reversed. Seeing the non-reversed version meant there was no OB + OTE confluence anywhere.
Maybe...
since the 2016-2017 fractal, we can see that it is repeating the same movement, added to the so-called stagflation that economists talk about, I can believe that the price will be sideways all this time, unless it approaches resistance and breakout or its support and let's also see a strong movement. Watch out for bankruptcy and buy/sell better stay out and watch out..
I've charted this since last year, maybe since May, idk.
It shows two possible directions depending on what structure breaks.
Well, it broke Market Structure towards the upside, and has been following the price path that I laid out almost to a T/tee/tea(whatever).
So yeah. It just might follow it, or it might not and just straight up dumps on the higher...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AUDCHF has been overall bullish trading inside the rising wedge pattern in blue, and it is currently retesting the lower trendline.
Moreover, the zone 0.59 is a strong demand.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the...
Just happened to be playing with a few things on tradingview today, thinking of new ways to identify trade opportunities. I often have to keep reminding myself to zoom out to see the bigger picture. This is one of those instances where I might have stumbled upon something useful for very long term trade trends.
As many know, VIX is an extremely useful indicator...
Market Structure + Orderblock + Fibonacci Retracement = Failed
Here's why:
Trendlines, S/R Levels, Chart & Candlestick Patterns are still relevant.
Trade could have worked. It passed all the other criteria (market structure downtrend + bearish fib ret ote zone + bearish ob).
It was just a right trade at the wrong level.
Here we're dealing with fib levels derived from macro low & high price levels, specifically covering historic ATH levels.
Log scale on because we put emphasis on chart-based A/D in percentages.
Identifying critical points of fractal starting from times of eye-catching volatility and perceptible cycles.
We start with fib coverage of ATHs chronologically:
1st pair...
As of yesterday, Bitcoin has fallen through the most important support/resistance level of 2023. This area was a massive resistance during both the late bear market of 2022 and the Q1 bull market of 2023.
In my view, it's more likely than not that the 2023 top is in and that we're going to see more bearish pressure for the remainder of 2023. Not sure yet if we're...
The Market can feed everyone but it's not not the market's duty. The market's duty is to provide a playground for a fair auction to take place. The conditions and the rules at the playgorund change from time to time but principles never cease to exist. The market needs liquidity to trend and it's the losing trader's emotion that fuels that. The market will achieve...
Sadly but truth, a healthy corrections to 12417 - 12428 shall appear on NASDAQ:IXIC
I do some calculations based on internal & external Fibonacci Retracements and found a potential corrections up to 8%, kindly beware on your steps ahead.
Be greedy is good, only when we enter a bloody market.
-AJ-
With reference to the attached chart, you can easily identify that DMART is at a resistance level and close below that line yesterday. Now it looks like DMART will again tank towards Rs 3300 level for Support level testing. You can also take advantage of it with the following levels:
Entry Below: Rs 3580
Target: Rs 3350
StopLoss: Rs 3670
Note: Please consult...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), ETH rejected the lower bound of the flat rising broadening wedge and traded higher to reject the upper bound again.
🏹 As per my trading style , we will be trading the range UNLESS it is broken upward or downward.
📈 As ETH...
Last week, the debt ceiling lift was signed into law which saved the US from defaulting. All of our upside targets hit last week, and the market reacted favorably with a green week up +3.2%. With not much on the economic calendar, I doubt we move much this week, but expectations of a soft landing can keep bulls in control.
Technical Analysis:
This week ...
The graph presented analyses SPX, IXIC and IWM; by valuing them against bonds adjusted dollar and gold. For explanation refer to the graph tagged.
Thanks!
U.S. default
A topic that has been stirring people's minds in recent months is the U.S. debt ceiling. The general public is asking the question:
"Will the national debt ceiling be raised or will the U.S. default?"
The national debt is the result of the government's financial borrowing to cover the budget deficit. And, as you might have guessed, these...
Last month I made an analysis on CAKE and the fact that it was selling off severely. My 2.50 support was the last hope for the bulls, which inevitably failed.
Fast forward to today, and we're trading at 1.50, a truly abysmal feat. Short-sellers are happy, stakers and investors are either exiting in droves or seeing their funds evaporate.
I think that there's...
