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August

Guess I was rightHi everyone, I hope you are doing well. Yesterday I said that Bitcoin will have a small dump to the 21700 level since we observed a head and shoulders on the lower time frame (H4). However, the price did what I had least expected it to do. If you have been following me, I mentioned 3 days ago that a possible scenario might be less likely to happen, in which the price might go to take out liquidity below the mentioned support. (the image 3 days ago) Also, I mentioned in a notice that the price might reach the liquidity below the relatively equal lows that we created 2 days ago, and it really did. Looking at the H4 time frame, we are in a narrow range between a support and a resistance. Right now, we just hit the last resistance and rejected it with a big red candle. So, where are we going? I am still on yesterday's plan where the price is going to meet the 21700 level support. However, if it breaks from the upside, we will surely meet the last major resistance around 24k, since we are still in an uptrend channel/ wedge. In conclusion, we have 2 possible scenarios, one to the upside and one to the downside, but both of them have a small range to move to, as I mentioned before, we will most probably have a slow month. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji
NIFTY THURSDAY 4 AUGUST OPTION EXPIRY ANALYSISAccording to our yesterday analysis,price could not break higher or lower S & R levels and remained sideways the whole day. Yesterday we saw the W pattern today we can see the CUP and HANDLE (which we can expect tomorrow to complete) pattern. So tomorrow if price breaks below 17380 we can assume to be a continuation of todays remaining part of the handle (cup and handle) pattern. As we discussed earlier in last week"s analysis price coudn"t break 17100 ...17450 supply and demand area. Tomorrow we can expect price to move out of this range if price gapsup above 17450 level or opens near todays closing price and breaks the 17450 level till afternoon.
NSE:NIFTYLong
by stockssimplyfy
Step by StepHi everyone, Yesterday I mentioned that we are going to do a retracement to at least the 0.5 Fib level (Which we just did), and I also gave a free signal on DOTUSDT, which is up 7% Right now. (I really encourage you to follow me top not miss these opportunities). At the present moment, we are seeing a clear rejection from the same Fib level, as we are also on a support that acted as a resistance previously. I think that we might be entering a range where we might bounce from this support then reject the resistance right above it. Another move that might less likely to happen but happen too, is that there might be some liquidity that resides below the support that we are talking about, so the price might try to take that liquidity, but it usually does not happen in these scenarios. In conclusion, I think that we are going to have a slow start this month, which usually happens in the month of August, but I think that are preparing for a good mid-term bullish move. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji
8
BANKNIFTY NEXT WEEKL 1st AUGUST, ELLIOT WAVE & TREND ANALYSIS Price almost traded in between 37200....38000 for 4 days as we expected last week. if price immediately breaks 3800 level on monday price can move above 388000 level in next 5 days trading sessions. But friday we saw price rejection from upper levels , so i am expecting a small correction of price till 0.38 of fib level. If we analyse according to Elliot wave theory , currently price is in third wave , if price breaks 37100 support , we can expect little correction till 36200 in next trading sessions.
NSE:BANKNIFTY
by stockssimplyfy
BTC - The Game of Patterns - August Review, Break Time and ResetThis month demonstrated BTC's Pattern into Pattern Price Action, as the Double Bottom Inverted Adam and Eve fueled BTC to the Golden Ratio Retracement (65 -28K). Along the way the smaller framed H&S patterns have achieved their Break Pattern Targets at a higher rate than the 4 or 8 hour Head and Shoulders. In consolidation, forming the 8 Hour descending right shoulder with Twin Diamonds, BTC set the Higher Low and the NFP miss to the GP. Now it is time for a longer break, to enjoy some great outdoors.
COINBASE:BTCUSD
by Pennywick
Short Term Bullish Trend before correctionThis chart is from last Aug to this Aug. Last Aug SPY went up to break the upper trend line till Sep 3rd with similar low volume but from Sep 3rd it went to a correction of 10% -11%. This year we are in a similar setup, SPY pushing higher with low volume and the upper trend line is about to break we could see SPY hit around 460+ by Sep first week before we see a correction of 10-11% SPY had the support of 125MA last Aug so this time it might get support around 125MA which sits around 414 which is approx 10% down from 460spy level, but if that doesn't hold this it could turn into a nasty correction which could drag on to all Sept and Oct. IF you note, then you will see RSI is not yet reached a peak level so there is room for RSI that is also a reason in the short term SPY could keep on pushing plus in options market PUT ratio is at an all-time high and ppl are shorting SPY which could create a short squeeze that could push the SPY to a blow of top. So in Summary - SPY in short term could hit around 460+ or - around the end of Aug or first week of Sept from there it will have a pull back of 10-11% which is around 414 level.
AMEX:SPY
by JerryDaniel
MAHINDRA & MAHINDRA as on 09.08.2021FALLING WEDGE PATTERN FORMED!! IF IT GIVES A BREAKOUT THEN CAN MAKE A NEW HIGH!! Bollinger Band can break up there squeeze of more than a month with a breakout candle WHICH MAKES A GOOD CALL!! CAN retest and move up !! MACD sowing good strength after a long time !! RSI coming back towards 60!! EMA 5 DEMA has crossed 13 DEMA (making anticipatory call) AND CAN now cut 26 DEMA (AFTER 2 MONTHS!!) can make a very good call!! TARGET PRICE=955/988 STOP LOSS=753/719 WEEKLY CHART MAKING SAME PATTERN!! MONTHLY CHART MAKING A BREAKOUT MOVE!! GIVING GOOD SIGNALS!! (The above analysis is only for study purpose do not take it as any buy or sell call)
NSE:M&M
by shivamalang
2
WABI/BTC Ready for another dumpHello traders! This is WABI/BTC analysis for the month of August. Wabi 4hr chart is very close to 200 MA and after it breaks 200 MA, it will form a reversal pattern above 200 MA. This reversal pattern can be a head and shoulder pattern or a J pattern. Both patterns are reversal patterns. After completing the bearish pattern Wabi will aim to break the bottom trendline and after it broke the bottom trendline it will form a bullish pattern and it will never look down again to this position again because a pattern below the bearish trendline is always a strong pattern. I am expecting that it will close this month's candle at 0.00000331 price. Don't forget to support this idea with your likes
WShort
by Aadil1000x
4
#BTCUPDATE - 30.7.21 LITERALLY NO SURPRISE As I have been warning for the past few days BTC has been throwing up bearish flags everywhere. We are straight down to first support - which is quite a strong one of the 200 DEMA although I think a small bounce here and the US online will sell and push down quite steeply. It should be an interesting weekend. If we lose this support at $38.5k then next stop imo is $36.3k. Benefits here are that we needed a correction after a heavy pump - and it is setting up nicely for an ultra bullish August. When ETH London Hardfork & German Institutions come online. My play is to target $36.8k from here and then see if it holds - if not then look to $34k. In the same breath start accumulating/DCA'ing BTC on the way down now as the come back pump is gonna be REAL!!!!
by Kryptochristian
6
Tesla breakout in mid august?If tesla is in a triangle and breaksout in mid August between 10-12 (note that last years stocksplit announcement was in 11 August.) then I would say Tesla would rapidly go up until the beginning of September and then drop again just like last year. That would mean my projection of $1400+ would be reached in 2 weeks which Tesla is know for having done before. Tesla follows the wyckoff pattern and has done a massive accumulation for many months now and will cause an even greater markup to distribute the bought shares by smart money at the top. Elon musk said that the company would perhaps have their company meeting in late July or early August which means that something could be decided then which could spark a move up. This is not Financial advice only speculations. Please comment any thoughts
NASDAQ:TSLALong
by mojtaba473
August worst month for Trading? And why? *We just used DXY as the example. This is true across the board! The Big Drought A 10-year analysis on the S&P shows that the markets remain the poorest in the three summer months – June, July and August. Most traders tend to sell their positions in May, and try to reinvest in a fresh positions once the summer is over. August Is the Worst Summer Month Most investors and Forex traders in Europe and the North America go on holidays during the month of August. This leads to lower trading volume and significant price actions. Just for example: August 2008 was misleadingly good for the S&P, advancing 1%. However, August 2010 was completely miserable for the S&P, dipping 4.5%, and August 2011 was also miserable for the S&P 500, plunging almost 10%. The month is characterized by sideways trends and momentum swings. However, the trend typically breaks right after the Labor Day holiday in the U.S., and most traders returns to active trading once again. Post-Summer Months (September-December) A surge in trading activity usually occurs just after the end of summer, and traders invest in fresh portfolios and positions. These three months therefore represent the best three months to trade in the year. Another Vacation Spot during the Second Half of December Forex traders once again stay away from the market in the second half of the December, and celebrate the Christmas Day and the New Year’s Day. Winter-Spring Action Still Better The January-May period returned a mediocre 3% on average for the last 10 years, and therefore still does better than the summer months, providing excellent opportunities for traders, continuously for the first four months of the year. Thee THREE worst months (Summer): June, July, and particularly, August. The FOUR best months (Autumn): September, October, November, and December. The FIVE good Months (Winter-Spring): January, February, March, April, and May What Is The Reason For This Divide? Any vacation period represents drying up trading volume, and the months following these vacations represent a refreshing return to trading, like rain after a drought.
TVC:DXYEducation
by PipPhenes
AdaniPorts Intraday Opportunity Narrow CPR - 17-Aug-2020We can trade AdaniPorts for indraday because it has Narrow CPR on 17-Aug-2020 . You can Buy near CPR if it's trade above CPR or Sell if it's trade below CPR and Book profit near R1, S1 or trailing for more profits R1 - 353 CPR- 348 S1 - 343 Must comment if it's work for you. If you want youtube tutorial video on Narrow CPR, you can request in the comment box Like this idea and Follow me for more intraday, swing and position trading ideas.
NSE:ADANIPORTS
by StopMyLossTrading