Pivot Point analysis is a technique of determining key levels that price may react to. Pivot points tend to function as support or resistance and can be turning points. This technique is commonly used by day traders, though the concepts are valid on various timeframes. There are several methods of identifying the exact points. Common types of pivot points are Traditional, Fibonacci, Woodie, Classic, Camarilla and DM and each type has its own calculation method.
Most use a variation of significant prices such as established highs, lows, opening and closing prices and then apply a calculation to determine these points. They all calculate additional support and resistance levels alongside the pivot points. They can be used to determine when to enter or exit trades or to determine the range of a market. Conservative traders look for additional confirmation before entering a trade. Whether pivot points are used alone or in combination with other techniques, they are a useful tool in a technical trader's toolbox.
Hello Again Everyone,
Here are the latest levels I am watching with Tron on the 4 hr chart. My previous head and shoulders pattern did break down below the neck line 0.0253, but, it hasn't broke down very far as of right now and has been holding near that level. This has been a slower moving chart and unless there is some major news, we haven't seen much action...
In a no man land.
Definitely bullish with 24.3 zone acting as a support
Possible to reach 26
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if...
BAT rebota después de una buena caída en una zona solidad de soporte basada en proyecciones, extensiones y retrocesos de fibonacci. Lo mas interesante es que contamos con otra zona de soporte donde podemos hacer un promedio bueno de nuestro valor de costo si la moneda llega a caer de la primera zona. Nuestro target es un conservador 5%.
Esta Moneda la compramos...
TELL is showing MACD cross on 4h and near on day. LNG gas prices ready for winter spike as prices have been down. Earnings still negative for Tellurian, but LNG is much better than coal and key is west coast distributions hubs for asia for growth vs CQG/LNG (Cheniere). Delivery on larger tankers also helping lower cost. $10 entry with another half as...
Hello all, today might be the first day in 3 months we have closed above the 50MA on the daily.
As you can see from the top charts, the 15m, 1hr, and 4hr have all crossed their 50MA's with their 200MA's (Orange and Purple lines). The Daily candle is piercing through the Ichimoku cloud right where it is thinnest, and we can see the R1 Monthly pivot being...
If it breaks above 0.71820, I will be bullish.
Otherwise price is now in a resistance zone & if a strong rejection candle shows up, it will be a good LRE trade.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in...
Greetings members and guests PLEASE hit the Thumbs Up button on the right to show some support and love ------------------------->>>>>> ^^^^^^^^ <<<<<
Comments and questions are welcomed below, please feel free to ASK anything!
HOW TO TRADE THIS CHART?
First like/thumbs up the chart then read below.....
The AUD/USD pair is in our sights today, an...
USDMXN broke out of the one month long consolidation, we now have a possible bullish reversal and we can try to catch this retest for a long trade in the kill zone as shown in the chart above. Target one is as shown in chart but there more upside if we break above that level as well
Why 7000?
If you look at the chart you will see that during the bull trend, after each impulse we had a correction which ended most of the times right at the 0.65 (measured from the beginning to the end of the impulse) retracement level and never under it.
The current bear market started when a new impulse failed to break the 0.65 retracement level of the...
I've drawn up a short guide on how to properly range trade Bitcoin For the upcoming 24 hours. Due to the compressing 110 period distribution, Price is very unlikely to continue a new trend before sufficient mass has been shed. As such, the most likely scenario, and the best way to trade this is to take shorts from the top edge of the band and longs from the bottom...
XMR/BTC is at the end of three orders of down waves.
Might be a good time to move some Bitcoin into Monero.
It could of course go lower, but it should bounce some here.
Red 4.236 I think was the bottom.
Purple 3.618 adds a support later.
Blue fib series fine tunes last wave.
Also see my related Pivot Points idea.
We mighthave a confluence of support.
Perhaps...
Hello Friends,
Here is a look at the 1 day chart. As mentioned we have the makings of a possible breakout similar to July. Be Careful, could be another Bart.
Details on the chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very...
USDJPY
On the 4H, trading within a channel and recently broke the channel, now it’s retesting the channel ceiling.
Looking to trade this of the channel with momentum to the upside. Price may return back into the channel but if it respects the weekly S/R level near 110.456 we should see a buy to the next zone near 111.424
However if price fails to respect the...
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