CAD/JPY Rising Channel Breakdown Looms Bears in Play !Rising Channel Formation
The price is trading within a rising channel, indicating a potential bullish continuation or a reversal depending on how the price reacts near the channel's boundaries.
The upper boundary of the channel acted as resistance, where a rejection occurred, leading to a short setup.
Golden Pocket Zone
Around the 108.660–108.491 level, a "Golden Pocket Zone" is marked, indicating an area of potential caution due to increased market indecision.
This zone aligns with Fibonacci retracement levels or historical pivot points.
Support Levels
A Good Trading Zone is identified between 107.248–106.780, which represents a potential support area for price reversal or consolidation.
Wicks Pivotal Point near 105.851–105.817 serves as a critical demand zone where significant buying interest might reemerge.
Short Position Setup
Entry Signal: A Sell signal was triggered near the channel's resistance line, supported by a failure to break higher. The price also exhibited a rejection at a critical resistance level within the Golden Pocket Zone.
Profit Levels
The Peak Profit 0.22% label indicates a modest gain so far, suggesting a potential continuation if the price breaks below the channel support.
A prior Peak Profit 2.96% was achieved on a similar short setup from a lower level, confirming the bearish potential within the structure.
Target Levels
First target: 107.248, aligning with the Good Trading Zone.
Second target: 106.780, which is the bottom of the Trading Zone.
Extended target: 105.851, Wicks Pivotal Point, for a more aggressive short.
Stop-Loss Placement
A stop-loss should be positioned above the Golden Pocket Zone (around 109.000) to protect against false breakouts or unexpected bullish momentum.
Technical Patterns and Indicators
Rejection Candlesticks
The price formed bearish rejection candles near the channel's upper boundary and the Golden Pocket Zone, indicating strong selling pressure.
Trendline Confluence
The lower boundary of the channel intersects with the 107.248 level, adding confluence for a possible bounce or further breakdown.
Momentum Analysis
The price appears to lose upward momentum after several failed attempts to make a higher high, suggesting sellers are gaining control.
This short position aligns with the current market structure, leveraging resistance levels, a rejection from the upper trendline, and bearish momentum. However, traders should exercise caution near the identified support zones and adjust stop-loss levels based on intraday volatility. A clear break below the Good Trading Zone could open the door to extended downside potential toward the Wicks Pivotal Point.
Bearishtrend
FINNIFTY FUT SEEMS NEGATIVEHERE, I am sharing my idea on Fin Nifty Fut at closing of 15th January, 2025.
Important points are as below:
1) STRONG DEMAND ZONE is at 22,000 TO 21,750.
2) NEXT DEMAND ZONE is at 21,400 to 21,275.
3) STRONG SUPPLY ZONE is at 23,100 to 23,550.
4) Clear bounce back from 22,500 level.
5) Long term view is BEARISH
RSI WITH SMA: RSI is still below it’s moving average but has crossed oversold level from below to above on 14th Jan. trading session.
- We can expect further upside trend till our supply zone that is: 23,100 – 23,550.
- As mentioned earlier, long term view is BEARISH, if Fin Nifty fails to breach this supply zone and start’s falling, it will be good opportunity to sell.
- 1st target: 22,000 – 21,750
- 2nd target: 21,400 – 21,275
This is simply my attempt to predict Fin Nifty, I am not asking anyone to trade based on this idea.
Be Careful Now!Crypto Trading Fam,
It's time for me to put out a note of caution. I have been bullish but a few days ago while doing my video, I spotted this pattern mid-session, hoping I would be wrong. Looks like I was not. The H&S pattern has now formed. This means we have an 85% probability that we'll drop to our next support of 75k. Yikes!
Now, 15% of the time a H&S pattern can fail. We can only hope this will be the case. But while hoping, prepare your SLs. Could get ugly for those alts!
✌️ Stew
ULTRATECH FUT BEARISH VIEW at closing price on 6th Jan 2025Here I am sharing my views on Ultratech Cement Futures Chart.
A) There is a STRONG SUPPLY ZONE at 11,800 - 11,900.
B) There is Mild to Moderate Demand Zone at 11,400 -11,300.
C) RSI with SMA: In today's trading session RSI crossed it's 50 mark level and turned bearish
- RSI is now below it's SMA (Bearish)
D) If we observe today's candle properly, we can sell initial rise towards supply zone and price corrected sharply from mentioned supply zone, thick body and short wicks adds weakness in Ultratech Cement Chart.
E) prices may hold at 11,400 - 11,300 levels, once this level is broken we can see sharp decline towards next Demand Zone, which is also our Target.
F) Target 1: 11,400 -11,300
Target 2: 10,800 - 10,650
This is only my attempt to predict Ultratech Cement, I do not recommend trading or investing based on above study.
GBP/USD Shorts from 1.25200This week, my analysis for GBP/USD (GU) suggests a potential move higher to complete a corrective phase, as the pair has experienced heavy bearish momentum recently. Once the price reaches my point of interest (POI), which lies within the confluence of three key supply zones, I’ll be looking for signs of a slowdown in that region.
I’ll wait for the price to form a redistribution pattern in this area, signaling an opportunity to align with the overall bearish trend. Since GU is already in a bearish trend, it’s ideal to capitalize on this movement and target the underlying liquidity below.
Confluences for GU Sells:
The price has shown a Change of Character (CHOCH) and multiple Breaks of Structure (BOS) to the downside.
Several unmitigated supply zones remain, which are likely to be tapped.
Significant liquidity below, along with imbalances that need to be filled.
The Dollar Index (DXY) is bullish, supporting the bearish case for GU through correlation.
Note: If the price drops first before retracing upward, I’ll look for a buying opportunity around the 1-hour demand zone at 1.23000.
EURUSD SHORTS Am monitoring Eurusd for a Selling opportunity around 1.03410 level, once i receive any bearish confidence the trade will be executed
Disclaimer Alert: these are just charts to watch, keep in consideration the news, the best entry, the risk management and price action confirmation. Trade is reactive not predictive.
The Two Archetypes of TradersIn the trading world, markets move in cycles, and bearish conditions are no exception. Here's an educational breakdown of how traders can navigate these challenging times:
1. The Long-Term Holders (Investors)
Mindset: Patience is their superpower.
Goal: Accumulate assets during bearish trends by buying at key support levels and holding for future gains.
Approach: Use the WiseOwl Indicator to identify areas of strong support and potential accumulation zones for strategic entries.
2. The Intraday Traders (Short-Term)
Mindset: Adaptability and precision are crucial.
Goal: Profit from short-term price movements, capitalizing on market volatility.
Approach: Utilize the WiseOwl Indicator to pinpoint bearish momentum for short entries and clear exit levels, ensuring optimal risk management.
Educational Example: WiseOwl Strategy in Action
Let’s analyze Solana (SOL) on the 15-minute timeframe during a bearish market:
Trend Identification: The WiseOwl Indicator highlights a confirmed downtrend with clear bearish signals.
Entry Points: Short trade signals are generated at moments of significant bearish momentum.
Risk Management: Stop loss and take profit levels, calculated using ATR-based logic, ensure disciplined trading.
Takeaways for Traders
📉 Bearish Markets:
Holders focus on identifying value areas for accumulation.
Intraday traders capitalize on market volatility with precise entries and exits.
Happy trading! 🚀
#WiseOwlIndicator #TradingEducation #BearMarket #SOLAnalysis #CryptoTrading
theta sell midterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
"ALTCOINS: HOLD OR SELL? BTC Dom at a Critical Turning Point!🚀 Hey Traders! 👋
If this analysis resonates with you, smash that 👍 and hit Follow for premium setups that actually deliver results! 💹🔥
🔥 Market Recap
Last night, we witnessed a massive liquidation cascade across the entire crypto market. Altcoins took a heavy hit, with many dropping 20-30% overnight, wiping out billions of dollars.
🔑 Key Takeaway:
This is why I always stress—never trade leverage without a stop-loss. Protect your capital first. Hope you all followed this golden rule!
📊 Market Outlook: Where Are We Heading?
BTC Dominance:
Breaking down from a rising wedge on the weekly time frame—a classic bearish signal.
Currently retesting the breakdown zone, indicating a potential sharp decline ahead.
🌟 What This Means:
If dominance drops further, spot altcoin holdings will likely surge.
This is the time to accumulate, not panic-sell.
💎 Opportunities Ahead
Many altcoins are retesting key support levels after breaking out on the daily time frame:
FET, W, PEPE, LTC, APT, RENDER, and more.
Patience is key here. Hold onto your spot bags and use this dip as an opportunity to accumulate strong projects.
🚀 The Road Ahead
Over the next few days, we anticipate a strong recovery across the market, with alts pumping hard. Stay calm, stick to your strategy, and ride this wave.
💬 Your Move:
What’s your strategy for this phase? Are you accumulating or waiting for more clarity? Drop your thoughts in the comments below—we’re in this together! 🌊🔥
👉 Follow us for more timely updates and winning trade setups. Let’s crush it! 💪
NVDA out of gas?H&S on the daily with 132.67 as the neckline. We also have another H&S that has played out and was followed by a double top, now failing once again under support. I'm in puts now with a stop-loss at 133. This is also where i would flip bias for potential squeeze at 133 after a backtest of 132.67
Polycab India Ltd. - Short Position SetupAnalysis for Short Position Condition:
1.Key Breakdown Level:
₹7,282 is a critical horizontal support level. A decisive breakdown below this level could trigger a bearish move.
2.Volume Profile Analysis:
Below ₹7,282, the volume profile shows limited buying interest until ₹6,997, suggesting a potential drop to this level.
Further weakness could see the stock test ₹6,746, where significant buying activity has previously occurred.
3.Trendline Breakdown:
The stock is trading within an ascending channel. A breakdown below ₹7,282 will confirm the failure of this channel, indicating a trend reversal.
4.Moving Averages:
The 20-day EMA is currently acting as dynamic support near ₹7,282. A breakdown will likely push the stock toward the 50-day EMA around ₹6,997.
The 200-day EMA near ₹6,746 is a long-term support level to monitor.
5.RSI (Relative Strength Index):
RSI is neutral but could head toward oversold levels if the breakdown occurs, strengthening the bearish view.
6.Volume Confirmation:
Watch for an increase in sell-side volume during the breakdown for confirmation.
Trade Plan for Short Positions:
Entry Trigger: Below ₹7,282.
Targets:
Target 1: ₹6,997
Target 2: ₹6,746
Stop Loss: Above ₹7,438 (previous high near resistance).
Risk-Reward Ratio: Ensure an ideal ratio of at least 1:2 for the trade.
Alternate Scenario:
If ₹7,282 holds and the stock bounces, the immediate upside resistance is ₹7,654, above which the stock may resume its bullish trend.
XAUUSD need to be careful Liquidity is extremely strong in this area, creating a high probability for price to move both up and down to trigger all stop-losses before continuing the downward trend.
What we expect:
The price breaks this box to the upside, grabs liquidity from the minor high, and then resumes the downward movement, aligning with the overall bearish trend for gold.
This scenario highlights the importance of staying cautious and planning trades carefully around these key levels.
HDFC Bank in a Bearish Momentum: Key Resistance and Support ZoneHDFC Bank in a Bearish Momentum: Key Resistance and Support Zones
NSE:HDFCBANK is currently exhibiting a negative trend, facing downward pressure near key levels:
Resistance Zones: 1706 / 1716 / 1726 – These levels could act as significant barriers, with potential sell-offs if the stock fails to breach these zones.
Short-Term Support Levels: 1645 / 1595 – A break below these support zones could accelerate the downside move, signaling further weakness in the stock.
As market volatility increases, it’s crucial to observe price action around these levels to anticipate the next move.
Disclaimer: I am not a SEBI-registered Research Analyst. This analysis is solely for educational purposes. Please do your own research and consult a financial advisor before making any trading decisions.
FET/USDT Structure Shifted BearishLooks like we're in for a major drop! The market structure is signaling strong bearish momentum—be cautious if you're holding. 📉
Could see some massive corrections coming. Stay alert and trade smart! 💡
#Crypto #FETUSDT #BearishTrend #MarketUpdate #TradingAlert #CryptoAnalysis
DXY Bullish this week from 101.200?The DXY is currently in an 8-hour imbalance, which could give us an initial bullish reaction. Although price has already broken structure to the downside and shown strong bearish pressure, I expect this bearish momentum to weaken. Once price reaches the 14-hour demand zone, I will be looking for a stronger bullish reaction back up.
If price retraces from either of these zones and moves back to the daily supply, I will then expect the bearish order flow for the dollar to continue. Since this is a clear bearish price structure, any upward movement will likely be short-term and temporary until the daily supply zone is mitigated.
This aligns with my analysis for GBP/USD (GU) and EUR/USD (EU), where I'm looking for short-term sells before entering buy positions. Similarly, for the dollar, I'm expecting a small upward move before it continues its decline.
Have a great trading week, everyone!
Gold Spot USD | Bearish TrendDay Trend : Bearish
15m : Currently Bullish Trend( Supply Zone Mitigation )
after reaching supply zone in 15m, it will likely to sweep entire buyside liquidity, then move towards bearish.
in this process, it can make multiple liquidity sweeps towards bullish trend until it reached to entire buy side liquidity sweep point, then it will grab entire liquidity in buyside and then will make a move towards bearish.
XAU/USD Short ideas from 2,395 or 2,420 back downThis week, my analysis for gold is to continue following the current trend of shorts. We have observed another break of structure, which has left a promising supply zone on the 10-hour chart. As the market opens, I expect the price to start forming a distribution near the current levels, potentially leading to a bearish reaction from the 3-hour supply zone.
Alternatively, the price might break through the current zone and rise to the 10-hour supply, which is a more favorable zone to initiate sells. Once the sell positions are triggered, I will look for my next buy opportunity around the 2,330 mark, where a clean daily demand zone is located.
Confluences for GOLD Sells:
The price broke structure to the downside, indicating a short-term bearish trend.
The price has taken out the all-time highs (ATHs) and enough liquidity, which might lead to a downward cascade.
There are new supply zones on the 3-hour and 10-hour charts, which are good points of interest (POIs) for selling.
There is significant liquidity to the downside that needs to be taken, such as the Asia lows.
P.S. Last week, we saw the price react from the 23-hour zone we had marked, indicating a pullback that supports continued selling.
Have a great trading week, and don't forget the Non-Farm Payroll (NFP) report coming this Friday!
BEERUSDT | Will the Sell-Off Continue? Market Context
Is the sell-off for BEERUSDT going to continue? With BTC looking shaky, this presents an intriguing opportunity to short new coins like BEERUSDT.
Chart Analysis
We recently nailed an amazing trade with a 3:1 RR on BEERUSDT. Now, it's time to double down and ride the next wave lower.
Strategy
BTC's weakness is our signal. BEERUSDT has some wicks to close, and this could be our chance to capitalize on a further decline. I'm ready to short and see if we can more than double our gains!
Let's see how this plays out—stay tuned for what could be a profitable ride!
BEERUSDT | More Downside Ahead?Market Context
BEERUSDT took a significant hit yesterday, and it looks like the bearish momentum is far from over!
Chart Analysis
The daily timeframe is looking bearish after yesterday’s sharp drop. We're currently retesting some levels from yesterday, which sets the stage for another potential push downward.
Strategy
Given the bearish close and retest, I’m expecting further downside action today. Let’s see if the market agrees!
Stay tuned—this could be a thrilling descent!
Deutsche Bank AG (DB): Potential Sell-Off Ahead?Analyzing the Deutsche Bank AG on the German Stock Exchance XETR, we observe a repeating pattern involving two trend channels. In both instances, the trend channels were respected and behaved as expected.
In the first case, the price exited the trend channel and then retested it almost perfectly. In the second instance, the price overshot the trend channel briefly with a wick above but quickly retraced back below it. This overshoot indicates significant weakness, suggesting a potential stronger sell-off in the near future.
Zooming into the volume since 2020, we notice that the current range has seen low volume, indicating minimal buying interest at these levels. The buying interest appears to be much lower.
Zooming into the Deutsche Bank AG 12h chart, we see that the level of the larger Wave (1) at €14.64 is being respected and held for now. However, we anticipate a sell-off down to the range between €13.50 and €12.50. Falling below this range is not expected, but if it occurs, the next likely support would be between €10.50 and €9.30.
From an Elliott Wave perspective, it would be unfavorable if Wave 4 were to fall into the territory of Wave 1. While brief wicks below are acceptable, a prolonged stay in this range would not be ideal and is not our primary expectation. We also observe that the RSI is showing signs of being overbought.
There is a bearish divergence forming, with a lower high on the RSI and a higher high on the price chart. This divergence suggests that the recent price movements might lead to further declines.
In summary, while the €14.64 level is currently holding, we expect a potential sell-off to the €13.50 to €12.50 range. A further decline into the €10.50 to €9.30 range could occur but is less likely. The bearish RSI divergence supports this outlook, indicating potential downward pressure in the near term.
ILVUSDT | False Breakout🚀 ILVUSDT is presenting a fascinating setup! We just witnessed another false breakout on the 4H timeframe, backed by some solid volume.
Daily Chart
On the daily chart, we’re still in a downtrend. This suggests a potential move down before any significant upward shift.
Weekly Chart
The weekly chart shows a top wick followed by a bearish candle, signaling a likely move down in the near term.
Trade Setup
I'm setting my order at the previous 4H high and waiting for the action. This trade could play out dramatically, so stay tuned for what promises to be an exciting journey!