APTUSDT DESCENDING TRIANGLE Here se can see that "APTUSDT" in 4 hour time fame is forming a descending triangle and we have to wait for the breakout and also it has a Support zone at "12.387". If the price reaches the point of 12.387 then we can see a good long opportunity and if it takes breakout from the current price then we can long here once it retests the tredline resistance.
ENJOY!!!
Break
nifty it bottomed outnifty it bottomed out
now IT index can be accumulated for longterm and short-term through ITBEES cmp 31.84
short-term
cmp 30556
sl 29508 closing basis weekly
target 33174
risk 3% reward 8%
longterm
cmp 30566
sl 27908 closing basis weekly
target 36064
risk 8% target 18%
buy right sit tight
keep position sizing in check
wealth generation takes longterm
Learn point and figure chartPoint and figure charting is a type of technical analysis that is used to identify trends and potential buying or selling opportunities in a security's price. Unlike traditional bar charts, which display a security's price and volume over a while, point and figure charts only show price movements, disregarding the passage of time.
The chart is constructed using a grid, with X's and O's plotted on it. An X is plotted when the security's price increases above a certain level, known as the box size. Conversely, an O is plotted when the price falls below that level. The box size is the minimum price movement required for a new column to be added to the chart.
The point and figure chart are read by looking for patterns of X's and O's. A series of consecutive X's indicates an uptrend, while a series of consecutive Os indicates a downtrend. The number of Xs or O's in a column before a new column is added is known as the reversal amount.
Support and resistance levels can also be identified by analyzing the chart. Support levels are identified as areas where the price has difficulty falling below, while resistance levels are identified as areas where the price has difficulty rising above.
Traders can also use point and figure charts to set price targets and stop-loss levels. The price target is the level at which a trader expects the price to reach and the stop-loss is the level at which a trader exits a trade to limit their losses.
In point and figure charting, a double top or double bottom is a chart pattern that is formed when a security's price reaches a high or low level twice and then falls back. This can be a sign of a trend reversal and could indicate a buying or selling opportunity.
Another pattern is the triple top and triple bottom, which is similar to the double top and bottom but the security's price reaches the high or low level three times before reversing.
It's worth noting that point and figure charting is a discretionary method of technical analysis, and it requires a certain level of experience and knowledge to correctly interpret the chart. It's more commonly used in stock trading, but it can also be applied to other securities such as futures and commodities.
On daily chart, important area for BTC to breakoutBTC is at important juncture, if it breaks out from here then it could regain most of its losses in last fall from its highs.
It remains to see if there would be enough interests by whales to push it as much as they did last time.
Nevertheless, need to watch carefully for next few sessions.
A good opportunity to enjoy a rallyThe algorithm has found a resistance at the end of a downtrend channel. The 33$ support is working pretty well and now we must be aware if the price has enough demand to break the 36$ level.
This break could potentially move the price outside the channel and the zone of 40$ would then become the target. The risk reward is good enough and the stop loss can be very tight thanks to the clear resistance price.
Early entry in small cap health services, $MEDPSince late 2021 NASDAQ:MEDP is being forming a head & shoulders base with pivot buy above $230.
This is the beahvior of a potential leader. It shows when comparing it against the AMEX:IWO as is still in a downtrend.
The play for me would be to buy 1/2 or 1/3 of a position just above yesterday's high with a STOP-LOSS below $196. And then add at the $230 pivot.
Medpace Holdings is ranked #1 in its industry by IBD. I recomend to also check NYSE:VPG which is also setting up.
Its being hard for small caps to get demand as the indices are still in downtrends making the sentiment stay bearish.
But as JC Parets always likes to remember, "is a market of stocks, not a stock market".
Will EURUSD fall further?Yesterday we saw a sharp drop right down to 1,0518 , followed by correction.
Today we expect a continuation of the downside move and break of the yesterday’s bottom.
The first target is 1,0495, followed by 1,0431.
It’s still not clear if the correction is finished and we have to wait for the right time to enter a trade.
A Dogecoin Bullflag Sits Above A Very Historic Monthly RangeFrom the looks of things the Dogecoin to BTC pair, maybe attempting a Break-Hook-and-Go off the All-Time Historic Range that it traded within and could be setting up for a Bull Flag Breakout that would take it to the 2.272 Fibonacci Extension. We can also see that the MACD is showing us some Hidden Bullish Divergence and is Crossing on the Monthly which has historically led to massive moves up within the range. Now that DOGE/BTC trades above the Range we could perhaps expect the Biggest Move Yet!
eu time for a breakoutits time for a breakout to the upside for euro vs dollar , with gu already leading this move and a super long dollar bullride that yet is begging for correction. I am expecting a break to the upside here.
eu tried and failed a break of its current trend three times past 2 months. We are seeing another attempt right now with eu trading at the upper resistance of its bigger trend. stay tuned.
this break, once confirmed, would also deliver us a new uptrend in eu.
Currently oversold on the daily. Bollinger band overextendedJust looking for an trend line break to retest the bearish move. Candles also resting on the lower Bollinger bands.
Looking for support. We are close to pre pandemic support. Doubtful it will break. interest rates in my opinion were suppressed for elections. Possibly a very good swing trade. Keep and open mind.
BTC Detailed Top-Down Analysis - Day 100Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
100 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
KCS - Short-Term Bullish Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last idea, we were waiting for the bulls to take over by breaking above the blue neckline from H4.
We had the break last week, and lately we rejected the 10.0 and broke below the last minor low in red. Thus, the correction started.
Now on the retest of the previous high in blue, we will be looking for buy setups on lower timeframes to catch the next impulse movement upward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich