Techincalanalysis
$SPY: Breakout/drop to $395? Broadening formation's fate hangsTomorrow morning, we'll be receiving GDP data and jobless claims, which could have a significant impact on the market. Currently, $SPY is at a crucial point on the daily chart, nearing the upper limit of its broadening formation. It's showing positive trends on the daily, weekly, monthly, and quarterly charts. Keep in mind that the month and quarter will close on Friday, along with the release of PCE data.
GDP results are expected to come in flat tomorrow morning, while the jobless claims at 8:30 am could potentially offset the GDP figures.
If the data leans bullish, $SPY has the potential to break through the $405 price level and run like a bat outta hell. On the other hand, if the data comes in bearish, we may see a retest of the $398 level, followed by a potential drop to close the bullish gap at the $395.7 price level.
BITCOIN is back in its original uptrend state. Watch price grow!
BTCUSD is in its natural up trending spirit again. This was confirmed by noticing a relatively strong bullish reversal pattern within a stronger reversal pattern, the Inverted Head & Shoulders patters. this can be made clear buy utilizing the different variations of candles. The Candlesticks chart, the Line chart, as well as the area chart. Simple structure shows that a higher high was created and price retraced to the mighty 38.2% Fibonacci level, however it also re-tested that level with a second bullish engulfing pattern. After price confirms a break of the neckline then pulls back to re-test, this pair will provide excellent Long opportunities for immediate profits.
#BANKNIFTY INTRADAY LEVELS FOR TOMORROW !!!Hello to everyone
The price at crucial level. Downside breakdown and closing below the 39400--39300 will leads target of 38800 & 39400 in next coming sessions. Here sharing intraday levels to trade tomorrow.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
P2P | DXY - What Could Happen Next?Hello family, thanks for tuning in again with us!
This is a concept video on DXY and some #technical and #fundamental talk. I only will place a trade based on my alerts, meaning I will mark my chart and later add alerts on certain zones. When price makes it to a particular zone I then use that data to form a trade on an opposing pair such as #Gold or #EU.
If you have any questions feel free to drop them in the comments, or even if you just want to say hello (: all are appreciated!
Thanks again family, I'm not the best trader, I'm the "rest" trader. I rest until I have to trade lol
Trade well, take care of yourselves and be great! #2023AintReady
Back to Basics video on examples of golden and dead crossoversCriteria for a dead crossover is that the short term moving average crosses below a longer term moving average while both are pointing lower.
Criteria for a golden crossover happen when a shorter term moving average crosses above a longer term moving average while both are turning higher
IN this example I have used a 55 and 200 day simple moving average.
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$JWN Nordstrom Ryan Cohen Really did Buy the Turtle Necks. Seems A good area to keep eyes on.
Try see if finds support on POC (Point of Control) in Volume Profile
Looks primed to move up.
Possible Targets Described in Video
Not Financial Advice.
If Ryan Cohen Has bought in, I suspect this is worth a entry.
NYSE:JWN
GBPJPY, Looking for Bearish MoveWaiting for break of support on the low time frames to continue this move down. I want to see it break 15min supports it created recently, Also if it does pull back up It cannot break 15min highs. I Would like to see this continue to push down, We'll have to see how it plays out so it's all about being patient, no rushing a trade. Let the trade set up for you.
Technical analysis of OracleTechnical analysis of Oracle.
I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated
Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses
Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind
Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at.
So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts
Short Term Timed Predictive Analysis GannTime is the most important factor in determining market movements and by studying past price records you will be able to prove to yourself history does repeat and by knowing the past you can tell the future. There is a definite relation between price and time. By studying time cycles and time periods you will learn why market tops and bottoms are found at certain times, and why resistance levels are so strong at certain times, and prices hold around them. The most money is made when fast moves and extreme fluctuations occur at the end of major cycles.
- W.D. Gann