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Technical Analysis

Channel tradingHow to trade channels after sharp moves, where there is a valid money flow in the market. During this short video I just described one of very common and useful techniques that is applied for channel trading, which is for this video scalping, but it applies to all time frames. Here you need to get confirmation and be patient for pull back, it is important to put your stop loss precisely and of course be loyal to it (please do not move it) Put the stop loss under that shadow but with enough space for breathing
BYBIT:BTCUSD.PEducation
by Rezakaz
Dollar Index (DXY): Important Update Ahead of Powell Speech 💸 Dollar Index is in a strong bullish rally since the middle of July. However, to me, the market looks very overbought. On a 4H time frame, we see the so-called Exhaustion Gap. It usually appear at the end of the bullish move and signifies the last attempt of the buyers to push the prices higher. I believe that probabilities are high that the gap will be filled soon. Of course, do not forget that we are expecting Powell Speech 10 am NY time. It can affect the Dollar related instruments dramatically, so be careful. ❤️Please, support this video with like and comment!❤️
TVC:DXYShort
by VasilyTrader
8
NVDA Earnings Outlook:High Premium, Potential Post-Earnings DropNASDAQ:NVDA trades at a premium, with a P/E ratio of 277, towering over the sector median P/E of 25.56 and the S&P 500's P/E of 24.50. Its EV/EBIT is also remarkably high at 207.38 against the sector median of 19.45, signaling significant market sentiment. The options market's pricing in a potential $50 move,trading well above recommended levels 50-day EMA, suggesting that it might be overbought. While there may be a continued run-up leading to earnings, a post-earnings drop is anticipated. Target levels post-earnings could be $433, $419, and $400. Play the run-up but be cautious to sell the news.
NASDAQ:NVDAShort
by Solidified
EURJPY: Could buyers be forming a new swing?Today's focus: EURJPY Pattern – Continuation Support – 157.80 Resistance – 159.19 • EURJPY showing buyer demand from previous resistance. • If buyers can hold, could this be a new upswing? Hi, and thanks for checking out today’s analysis. Today, our focus is on the EURJPY as buyers continue to fight back after two sessions of losses. Friday’s session closed off lows, and that low point is in a support area we are watching to see if it creates new support. We would like to see buyers hold today’s rally, even better, close above last Friday’s open if momentum can build further through the LON and NY session. If we see today’s buying fail or if sellers can close below last Friday’s low, that would be a warning, and we would want to see more evidence before thinking about long ideas. Have a great day and good trading.
Long
by Eightcap
Nasdaq: support bounce to feed new continuation?Today's focus: NASDAQ (NDQ100) Pattern – Continuation Support – 15,015 Resistance – 15,435 • The Nasdaq led US indices on Monday, adding 1.05% • Could this be the start of a new continuation higher? Hi, and thanks for checking out today’s analysis. Today, our focus is on the NDQ100 index, and we are watching to see if yesterday’s rally and support hold could be the beginning of a new continuation pattern. In our last report, we discussed whether price could return to the main trendline after breaking its fast trend. From here, we want to see buyers continue to push forward. Today’s retail sales at 8:30 could be a factor, and we feel that overly strong data could hurt stock indexes. A move back to support would be a worry and could show that buyer strength is not that strong currently. If we we see price continue to rally, 15,435 could be a first test. Another news item to watch this week will be the FOMC meeting minutes. Buyers will be looking for a dovish tone from the Fed to help support upward momentum. Have a great day and good trading.
EIGHTCAP:NDQ100Long
by Eightcap
📉 $HOOK Falling Wedge Pattern Alert! 📉Hey traders! 📈📊 Exciting news on the $BINACE:HOOK chart. 🚀 A falling wedge pattern might be in the making. 📉 This pattern features converging trendlines hinting at a potential bullish reversal. 📌 Symbol: $BINACE:HOOK 📅 Timeframe: 2-Day and 3-Day Charts 📊 Chart Pattern: Falling Wedge 🔍 Pattern Description: The falling wedge shows decreasing price swings within contracting trendlines, often suggesting reduced selling pressure and a possible breakout to the upside. 🚀 What to Watch: As price nears the wedge's apex, a breakout above the upper trendline could signal an upward move, potentially targeting the top of the wedge as a realistic profit level. Remember, wait for a convincing close above the upper trendline to confirm the breakout. 🎯 Profit Targets: Short-term: 23.6% retracement area Mid-term: 38.2%-61.8% retracement areas Long-term: Targeting the top of the falling wedge 🛑 Stop-loss: Consider placing your stop-loss just below the lower trendline to safeguard your position in case of a false breakout. 📈 Indicators to Watch: RSI, MACD, and volume indicators can provide additional insights into the potential breakout's strength. 📉 Risks: Remain cautious of false breakouts. Market conditions can shift, so ensure you're practicing sound risk management and are prepared for different scenarios. Keep in mind that trading carries risks, and conducting your own research is crucial before making any trading choices. Stay updated on market news and monitor the pattern's evolution over time. Happy trading! 📊📈💰 #TradingView #TechnicalAnalysis #FallingWedge #HOOK #TradeSmart (Note: This fictional post is not financial advice. Always conduct thorough research and consult a financial advisor before making trading decisions.)
CRYPTO:HOOKUSDLong
by STP_MrNodeItAll
How To Add Drawings To Your ChartIn this Tradingview basics video I'm going to show you how to add drawings to your chart using the options available on the left-side rail. We'll look at not only what the options are, but the benefits of using "stay in drawing mode" as well as how labeling specific tools as "favorites" can save you time when marking up the charts. If you have any question, comments, or subjects for future "Tradingview Basics" videos please leave them below. Until next time, "Plan Your Trade, Trade Your Plan" Akil
NASDAQ:MSFTEducation
by Akil_Stokes
26
Hawkish FOMC, new extension lower for BTC, or?Bitcoin analysis with FMOC to come Today's focus: Bitcoin Pattern – Support break Possible targets – 30,345 US – 27,500 DS Support – 29,092 minor Resistance – 30,344 – 31,360 With the FOMC coming out tomorrow morning and rates expected to rise by 25 points, will we see straight sets with the Fed still remaining hawkish? With Bitcoin looking rather vulnerable at the moment, could that set up a new push back to the main trendline? Or if the Fed is more dovish, could that reignite buyer interests and move price back above the 30k level? Bitcoin broke support recently, and the worry for us is that the market could be looking for any reason to continue lower. A stronger USD could just be enough. That’s the primary point of discussion in today’s video update, but we have also put in mentions of the USD index and gold as they both sit in inappropriate situations atm, with the USD starting to struggle in its comeback rally while gold continues to push at a new continuation. Have a great day and good trading.
BITSTAMP:BTCUSD
by Eightcap
Altcoins! June 23rd, Channels, and Current InterestsTraders, As promised, I am doing a quick overview of current price action in our altcoin space. I will cover an important date, June 23, and why it matters. I will also review the channels that are forming on most alts which appear as though they could be mid-term bear flags. And finally, you will see me review some of my current trades and what I am looking at for targets, stop limits, etc. Enjoy. Stew Timestamps 00:00 Intro 09:17 Altcoins 11:27 DogeCoin 16:00 Defi Coins 19:34 Outro
D
by stewdamus
1
GOLD speculation, what to expect!Making a top down analysis from higher TF, starting from weekly, looking at the ascending trend line, gold is in uptrend, after weeks of correction that broke the trend line into the strong demand zone, moving to daily TF and seeing a reversal candle stick star pattern on the strong demand zone it could be the end of the corrective move. on 4H TF price is in range between two opposing zone , if the supply is out as in 1937.63 loll there will be a possible rise to next supply zone as in 1967.72 level.
FOREXCOM:XAUUSDLong
by ExtraOrdy
usdjpy reversal signal at retest highAfter a 1 hour variation of an evening star during the London session this morning, I was alert during the New York session to see if price would be strong enough to push beyond its latest high; especially after a bullish engulfing. Price merely closed off with some buy exhaustion only to followed by a doji. This set-up looks like a false break of a major resistance level which is why I decided to take advantage of the retest during the best time of the day. Although the dollar yen is still overall bullish, there are sellers coming in to keep price from pushing higher. I've shorted the highs, no lower low yet except for intraday 5min. which is my entry point. Stop loss just above the high.
Short
by DesharedPierreJr.
USDJPY high around 143.800The dollar has been in a weak uptrend for the past few hours so I decided to take advantage of some indecision at a high. Price presented a shooting star on the 30minute chart as well as a strong bearish engulfing on the 5min at the exact area needed for a short. This area is exactly where price closed at then was immediately rejected on last Friday (6/23). This retest could be early considering NY session is hours away. Also the lower timeframes haven't began creating lower low yet.
Short
by DesharedPierreJr.
EUR/JPY, AUD/JPY, EUR/AUD and USD/CHF on watch for me today.EUR/JPY: • If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up to and ideally just above our upper trend line and it does so impulsively, then I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. AUD/JPY: • If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up to and ideally just above our upper trend line and it does so impulsively, then I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. EUR/AUD: • If price pushes down to and ideally just below our lower trend line and the last part of the move is corrective, then I'll be looking to get long with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes down to and ideally just below our lower trend line and it does so impulsively, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If price only pushes down to and ideally just below our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll again be looking to get long with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. USD/CHF: • If price pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price simply impulses back down below our lower rayline and a subsequent tight flag forms, then I'll once again be looking to get short with a reduced risk entry on the break of the flag. • If price simply impulses back down below our most recent corrective channel and it starts to correct but it doesn't correct below our lower rayline, then I'll be waiting for this correction to turn into a one hour flag and then I'll once again be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades.
by StewySongs
27