below 435 with a test for resistance at/near that level it would make 429-431 very possible #intradaytrading #optionstrading
The latest market reaction showed us the market hasn't set its footing. Looking down to pick some more longs.
If the daily closes under the L4 I would look to see L5 and/or L6 fufilled by weeks end. Otherwise ranging behavior. wait for confirmation. It is currently in bounce region analysis done on camarilla weekly pivot points
Its a clear area to manage risk from. if price breaks L4 with any significant close I would wait for mid 30s. However if it holds L3 could target H3 for first target and hope for above. If short from H3 could take some profit and move stoo to entry. analysis done on camarilla weeky pivot points
$MU is very strong. The right side is not as formed as I normally like it to be but this is screaming leadership out loud. This base goes back to April 2021. It is coiling here IF it stays inside of the large bar today.
I went short at 14395(aggressive and risky) with SL above 14518. I expect USD to straighten on FED rate hike expectations and riskoff to continue. I don't believe in in deescalation of Ukraine Russia tensions units that were withdrawn were too far from the border to begin with. Sometimes when the RU MoD says withdrawal what you get is redeployment.
Here's my updated view on $NU going forward. For those that followed the last chart on $NU, we were able to exit near the top at $1.46, and accurately predict which of the pivots would be the top of that cycle. Since then, I've been out of the trade waiting to see how price reacted, and now I feel like I have a better sense of where the market is headed. Over...
Updating my thoughts on $NU. While I still think we'll eventually get to $3 in price, I think there's further downside to come before we get there. Potentially another drop of around 30-50%. BTC is continuing to correct which leads me to believe that the alts will get hit hard if BTC starts falling sharply. I think $NU should find support somewhere in the $.40...
Nifty Bank Futures Key Trading Levels for 18th Feb 2022 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial...
Impressive RS from this oil name with oil in deep red colors
Nifty Futures Key Trading Levels for 18th Feb 2022 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor...
This level has shown that can pump BTC. Lets observe the reaction
Noticed Auph broke the 200ma did some quick analysis which means jack all but if we continue on this upward trend were likely to see a breakout soon. TA is based on pivot points with supports. Box means support confirmed over a few candles, ellipses is looking for past supports. This isn't investment advice this is some bored dude just jotting down risk to reward...
- Coffee strong as ever, no wonder the prices seem to just keep climbing at the Cafe
WEEKLY (W1) In a broading sideways price action (1677-1919) and under the influence of a DOUBLE BOTTOM IN PROGRESS ( see related ideas below) Currently above the clouds with a Lagging line above the clouds too ! Global weekly picture is positive, calling for a test of the former high @ 1'919 which should be seen as a KEY PIVOT LEVEL for the next...
Tasty Bite is again at its imp support zone: 12298 - 11593. It is testing this support for the second time, providing another opportunity for accumulation. Price action at the support also confirms that demand does exist there. Disclaimer: Not a recommendation to trade.
Looking for a pullback buy on $BAC May be something like this (orange bars).
$RYAN another potential leader setting up for a breakout into ATHs. Worth keeping an eye on this to see how it shape up below that supply line.