D1 : Still holding above MBB which remains one of the trend leading indicator with Tenkan-Sen. Yesterday's price action triggered a "Doji" pattern which confirm indecision and uncertainty. As long as we hold above MBB, that should be seen as a constructive and consolidation price action calling for higher levels with renewed focus on recent...
I'm posting this idea so I have a record of my ideas and hopefully start a discussion. This is not to be blindly followed or taken as investment advice... please please please DYOR! Line of Thinking: We are forming a potential Head & Shoulders pattern on the 4hr. We are currently moving down forming the right side of the right shoulder after having a failed IH&S...
Welcome fellow Tradingviewers, In this analyses we are going to show you our view on the current market situation for Litecoin. We were going to share a full video on the yearly analyses with you guys but our Mic. Broke down. we will try to educate you guys using a video as soon as we replaced our mic. This analyses is going to be the first in a series of 7...
Double Top / Extended to 50% Fib from Last Up-Trend...could dip into the New Year Holiday....
I'm bullish for reasons 1. Volume is on average 2. Price is at the lowest with LL pattern while RSI prints HL 3. 1H MAs of 9/20 are close 4. HA Doji on 1H First Target Blue .382 Invalid if Price prints LL, but will buy more if RSI prints HH or same level. Disclaimer: I am not qualified to offer investment, legal, or any other advice nor am I trying to do so....
On both the 4-hourly chart and the daily chart I've observed a break and close above the previous high, what's interesting is that the new structure break looks weak, a situation like this has the potential to open up for a bigger drop. For that I'm waiting for a break and close below the red line on the 1-hourly chart, preferably closing below the blue...
Us30 is at the highest point it has ever been. I am looking to sell high as it has been trading within a rising wedge pattern and a divergence can be seen on the 4hr time frame. Fundamentally, a pandemic relief stimulus package was blocked in the US Senate, and it has also been found that a COVID mutation has arrived in the US. Wait for the breakout for entry....
Updating my previous idea: IMO it's possible to see a short-term rebound till $240 where the confluence of fib. retracement 0.5 (ATH to march '20 low) and fib. retracement 0.618 (ATH to dic '18 low) are. Then, expecting more downside until aprox. $190 were the Weekly 200 EMA is. Just before the february earnings where trend reversal is possible if...
Hindpetro with an triangle pattern breakout in weekly time frame in upward direction!!! buy @210~214 COMMENT/ DM FOR TAARGET & SL LONG TERM!!
A counter-trend trade setup at a sell zone where RSI is oversold. This is considered as an aggressive trade, but aggressive trade if done right, gave the best Reward is to Risk Ratio. Trade has engaged, let's see how this trade goes. What I love about this trade setup it's the indecision candle in the sell zone or better known as supply zone.
Tata steel has had a stellar runaway in the past 3 months. Considering the march lows of 240() and recent highs of 640(). I prefer to use 3 hour time frames to understand the broader trend of the stock. It seems that TATA STEEL is preparing for its corrective wave 4 for the time being. Wave 4 at max corrects till 38.2 % fib levels. Considering the September...
M&M on weekly time frames is poised to correct. Currently, hidden negative divergences are clearly visible on the chart. Even though, the price has established a new high post-September 2020 however, RSI failed to establish a new high and its the first sign of loss of momentum. Applying the Elliot wave theory From march lows of 250 and recent highs of 760 -...
I just spotted an head and shoulder pattern on EURAUD will be using a strategy developed by @chibuforex to hop on this pair long and this head and shoulder might be a trend reversal for EURAUD
Sun pharma is the biggest contributor in the Indian Pharma Index. So far, it has acted like a tired lion however, it seems the lion is ready to claim the kingship all over again. Sun pharma has broken its 3-year downward trendline. RSI has already passed its complexion point. It completed its corrective wave (2) at 450 levels around September. It is all set to...
Atul Auto is a fundamentally a strong company with great investors on board. Technically, the stock is showing positive divergences on the weekly time frames. CMP is 192 and it seems it is already to touch 260 and 340 levels. Any weekly closing above 340 levels will open the chances of it testing its all time highs
IN THIS VIDEO, I EXPLAIN MY METHOD OF TRADING THE US30 AND HOW TO PREVENT BEING VICTIM TO FAKEOUTS TO THE DOWNSIDE, USING FIB-RETRACEMENTS AND THE PARABOLIC SAR INDICATOR. US30 IS NOW AT AN ALL-TIME HIGH, AND AS THE PERFECT INVESTORS STATE "BUY LOW SELL HIGH" , PLEASE LET ME KNOW WHAT YOU THINK OF MY ANALYSIS IN THE COMMENT SECTION AND LEAVE A LIKE. INDICATORS...
Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: AUDCAD is sitting around a strong resistance in green so we will be looking for sell setups on lower timeframes. on H1: AUDCAD is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing to form around our lower red trendline to...
Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: CHFJPY is sitting around strong support in blue so we will be looking for buy setups on lower timeframes. on H1: CHFJPY formed a valid trendline in red. Trigger: Waiting for a momentum candle close above the gray area to buy. and until the buy is activated, this...