Breakdowntrading
[Price Action#1] What is the Breakout and Breakdown?What is the Breakout?
Breakout is a price moving outside a defined resistance level with increased buying volume. The breakout traders enter the long positions after the price breaks the resistance level.
What is the Breakdown?
Breakdown is a price moving outside a defined support level with increased selling volume. The breakdown traders enter the short positions after the price breaks the support level.
Trading range for next week/weeksBINANCE:BTCUSDT
We had a breakdown with a lot of liquidations and the market is now cooling off and ingesting what happened. I expect so see some chop before we reverse / continue so I setup 2 points of interest to open a trade
Share your thoughts and follow for more trading analysis
INFOSYS: Potential stock INFOSYS
Cmp 1389-1390
Near support zone 360-380 strong base
Near make or break levels
Can bounce from the support zone or fall till 1300
Also : I expect the quarter results to be dim too with Marginal growth in the company
So :
* Buy on strong candle formation
* Sell below 1350 after a good close with SL 1360
(Also keep in mind the inverse cup n handle pattern too this makes the selling strong too)
Pattern observed- Bearish cup n handle
Pattern type- Bearish
Note: This is just an idea not any personal recommendation for the stock to buy or sell with me.
USOil | New perspective for the week | Follow-up detailDespite starting the week on a bullish note, fresh new anxieties over inflation and rate hikes rippled across the market and this development resulted in participants dumping their long positions on the US Oil. With continued selling pressure below the key level at $80.00 level, buying opportunity might likely be on hold in the coming week until there are clear signs that support positive feedback from Chinese import data following the lifting of its COVID restrictions. In this video, we looked at the market structure from a technical standpoint and indications suggest continued selling pressure as long as the price remains below the $80 level.
00:50 Reference to last week's daily commentaries and results
05:25 USOil Technical analysis on Daily chart
10:20 USOil Technical analysis on 4H Timeframe against next week
11:35 Conclusion on next week's expectation for the USOil
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
TATAMOTORS- Shortterm Support BreakdownTata motors can give a breakdown from support within a 15-minute time frame. As we can see tata motors is trying to take a reversal from the Resistance level within the daytime frame, so there is a very high chance it can break down from its 15-minute time frame support level.
Entry Level:- Below @408
Stop Loss:- Above @412
Target Level:- 1:1 or 1:2
TATAMOTORS- Shortterm Support BreakdownTata motors can give a breakdown from support within a 15-minute time frame. As we can see tata motors is trying to take a reversal from its Resistance level within the 1-day time frame, so there is a very high chance it can break down from its 15-minute time frame support level.
Entry Level:- Below @408
Stop Loss:- Above @412
Target:- 1:1 or 1:2
USOil | New perspective for the week | Follow-up detailThe Oil market has been gripped with fear and uncertainty in the last couple of weeks (s) to impose selling pressure as we witnessed a drop of over 1,000pips during the course of last week's trading session. Now that the price cap of $60 per barrel on Russian oil has been agreed upon by the G7 last week; how will the market react or respond to this development in the coming week(s)? From a technical standpoint, this video illustrates how I intend to use the current structure in the market to project a trading opportunity during the coming week(s).
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.