Get started

Bottom

Has the US Dollar just Bottomed?Hey Traders so today it looks like on the charts the US Dollar could be forming a bottom. It's funny because in the last video I said crude and commodities could be bottoming. But in trading you should never get too bullish or bearish. Never look at the market from only one side because history shows markets are always changing. When we take a risk in my opinion the key is to try and find the right side of the market to be on. Well as of today I am no longer bullish on crude but I am now a US Dollar Bull because of what I have now just seen on the chart! Enjoy! Trade Well, Clifford
ICEUS:DX1!Long
by TradetheFuturesCharts
3
FSLY - Could betTurning the cornerFSLY is reporting earnings today AMC (After Market Close). In the last 2 days, it gapped and short up a whopping 36% from 9.87 (last Friday's close) to 13.43 yesterday. Could it be accumulation by those who might already 'know" that earnings could surprise to the upside? However, at current price, whether FSLY continue to run up after earnings or "sell upon news" remains to be seen. What is more important is that the longer term price recovery is likely to be underway owing to how the stock has been behaving: 1. Rounding base has been forming in the last 9 months with its 200 day MA slowly flattening out 2. Went above its 200 days Moving Average since above 2 weeks ago (dipped back below only briefly ) 3. Golden Cross approaching 4. The huge volume and gap up on 13 Feb could be a potential breakaway gap (though we can only confirm on hindsight). Unless earnings disappoint greatly and send the stock crashing badly again, it could be time time to accummulate on near term dips, especially if it can hold above yesterday's candle low @ 12.16. (sign of strength if it it does not dip below here, no go it dips sharply below) However, being a penny stock, % movement can be huge (both ways) hence suggest not to not oversize in order to withstand volatility with trailing stops catering to least 10% - 12% pullbacks. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:FSLYLong
by Juliac
2
CRWD ~ Inverse H&S built, ready to pop higherHere's a 30m chart to highlight detail of the inverse head and shoulders built on CRWD. Green line weekly support goes back to the lows of August 2020. Purple box is a large daily gap left from late last year up to $138 area. If looking from peak to trough of the head and shoulders, it's roughly $16 from neckline to low of the head, in a breakout of neckline it could be considered within an expected move to move a similar distance to the upside. That's around the 124.00 area. If looking at the daily chart, LBR momentum indicator is showing a slowing of downside momentum, further adding that a short term bottom may be put in here. Daily RSI is right around 50 as well so there is room to go higher without hitting "overbought" levels. Earnings are a bit away still. No position currently, but will be looking to open one soon depending on price action.
NASDAQ:CRWDLong
by Cheesy-Bean_and_Rice-Burrito
TLMUSDT inverse head and shouldersThe price is testing the neckline of the inverse head and shoulders. The price created the rounded bottom pattern as well. How to approach it? the price needs to create a breakout from the neckline with volume and retest it as new support, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
14
Bitcoin Bottom In? Weekly ChartHey everyone Today i show you an idea about the Bitcoin weekly chart. The bearmarket bottom might was in already with all the bad news we had. I hope everyone was buying in parts while we had cheap prices for a few months. Even if im wrong with this bottom and we go lower its just a better buying opportunity. All you need is patience and you will get rewarded. Of course we can have some random bad news or events that change the market directly but thats not predictable. Important moves i am looking for is an retest of the WMA20 at 19k area. If that level holds it looks very good for pump towards 30k. Another important level is the WMA50 which is at 26k right now. Once that breaks it confirms new ATH in my opinion. If you dont know what coins to buy for the upcoming bullrun in 2023/2024 here is my portfolio. Bitcoin / BTC Ethereum / ETH Quant / QNT Fetch ai / FET Chiliz / CHZ Chainlink / LINK Ocean Protocol / OCEAN XRP Ripple / XRP Dogecoin / DOGE Some other positions aswell but this is the main focus and im very confident in these. I expect this portfolio to 10x during the next bullrun. Leave a like and follow if you like this idea or comment your idea of this. No financial advice! Do your own research.
BITSTAMP:BTCUSDLong
by StackingCash
📢 The Broadening FormationA technical chart pattern recognized by analysts, known as a broadening formation or Megaphone Pattern, is characterized by expanding price fluctuation. It is represented by two lines, one ascending and one descending, that diverge from each other. This pattern typically appears after a significant increase or decrease in security prices and is denoted by a sequence of higher and lower turning points. Normally this pattern is visible when the market is at its top or bottom. The greater the time frame is better the pattern will work. 🔹How to identify Generally, the Broadening Formation consists of 5 different swings. But the swing has to have a minimum of two higher highs and two lower lows. A trend line is drawn by connecting point 1 and point 3 while points 2 and 4 are also joined together to draw a line. These two lines create a shape that looks like a megaphone or inverted symmetric triangle. These swings’ highs and lows have to close above or below its pivot line and therefore they will create swing high as pivot high (R1, R2, and R3) and swing lows as pivot lows (S1, S2, and S3). A breakout occurs when the line does not respect its support or resistance line and closes outside the shape after making the 5th swing. 🔹Volume Volume plays an important role when it comes to the recognition of this pattern. In the Broadening Top, volume usually peaks along with prices. An increase in the volume, on the day of the pattern confirmation, is a strong indicator. 🔹Failures This pattern also can be traded when it fails but is necessary to identify the failure perfectly. A failure can be spotted when it fails to break the trend line (upper or lower as the case may be) after completing the 5th swing. Suppose in a bull market condition, this pattern is formed and if it fails to break the upper trend line, traders go short when the price goes below 3rd swing high (R2). Similar is the scenario, when the market is in a bear phase and it fails to break the lower trend line (S2), traders take a long position when the price closes above the 3rd swing high. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
4
Crude Oil Daily Chart Seasonal Swing LongChart 1: Looking at the seasonal performance of oil longs taken around this time of year for the previous 2 years, it can be extrapolated that this last week of January coming up is a good time to go long for a swing trade. It can also be observed that there was a W-bottom this time last year and that we’ve just completed a similar W-bottom pattern. The green channel which reflects the general trend pre-Ukraine war in conjunction with the previous year’s worth of price action transposed to the present time suggests a price target of $95 around mid-February. The biggest obstacles will be the red downtrend channel around $87 and the high pivot from October 2021 at 85.41 which together serve as formidable resistance. Chart 2: Chart number two which is below shows that we’ve broken out of a downtrend channel which goes back further than the downtrend channel in chart number one. It also shows that we’ve rejected the Q1 pivot range in the same manner in which we rejected it around this time last year. This is also similar to how we rejected the Q3 pivot range before heading down although of course that was more volatile. These pivot ranges are defined by Mark B. Fisher as the pivot range calculated from the high, low, and close of the first 2 weeks of the year. The suggested entry of 81.64, stop of 79.64, and target of 95 are shown using the long position tool. The entry is last week’s close and the stop is .33% below Thursday’s candle which rejected the pivot range. The .33% stop was calculated as the 5-day ATR multiplied by ten, divided by the close as per my standard protocol. In Summary: Target: $95 Entry: $81.64 Stop: $79.64 R/R: 6.68 Here’s a snapshot of Chart 1 before being rearranged by the publishing process:
NYMEX:CL1!Long
by Skipper86
5