Buyzone
US30 1HHey traders, in today's trading session i'm are monitoring US30 for a buying opportunity around 33808 zone, once I will receive any bullish confirmation the trade will be executed.
$LSTR is showing signs of moving higher from its cup and handle!Notes:
* Strong up trend on all time frames
* Good earnings track record QoQ with a few misses
* Basing for the past ~14 months
* Creating a cup and handle pattern on the weekly chart
* The handle pulled back to its 50 day line and used it as support
* It's now breaking out of the handle with higher than average volume on the weekly chart
* Offering an early entry along with a pocket pivot indicating institutional demand
Technicals:
* Sector: Industrials - Integrated Freight & Logistics
* Relative Strength vs. Sector: 1.75
* Relative Strength vs. SP500: 2.32
* U/D Ratio(50): 1.07
* U/D Ratio(15): 1.27
* Base Depth: 34.1%
* Distance from breakout buy point: -5.51%
* Volume 105.58% above its 15 day avg.
Trade Idea:
* You can enter now as it's just breaking out of its handle with higher than average volume
* If you're looking for a better entry you may find one around the 168.5 area as that could serve as intermediate support
Can $WSC make new ATHs?Notes:
* Strong up trend on all time frames
* Beating its revenue expectations consistently
* Breaking out of a ~11 week base
* Pulled back to its 50 day line and has been moving higher since
* Offering a low risk entry
* Creating a base on base pattern and pulled back to the highs of the previous base
* Showing recent accumulation
* It's creating a cup like pattern and may pull back after reaching the $49 area to create the handle.
Technicals:
* Sector: Industrials - Rental & Leasing Services
* Relative Strength vs. Sector: 1.27
* Relative Strength vs. SP500: 1.68
* U/D Ratio(50): 0.61
* U/D Ratio(15): 1.1
* Base Depth: 12.15%
* Distance from breakout buy point: -2.35%
* Volume -12.69% below its 15 day avg.
Trade Idea:
* You can enter now as it's still moving higher, close to its 50 day line and offering a low risk entry around a support level.
* If you're looking for a better entry you may find one around the 47.6 area or the 46.9 area.
$PI pulled back to its 20 day line. Is it ready to go higher?Notes:
* Strong up trend on all time frames
* Great earnings QoQ
* Created a break away island on last earnings report
* Held the gap as support around 105.54
* Tried to break out of the base but pulled back to its 20 day line
* Offering an early entry as it's close to its 20 and 50 EMAs
* When I last mentioned this stock it was breaking out of a cup and handle (linked)
* Has been seeing recent accumulation
Technicals:
* Sector: Technology - Communication Equipment
* Relative Strength vs. Sector: 1.35
* Relative Strength vs. SP500: 1.81
* U/D Ratio(50): 1.25
* U/D Ratio(15): 1.39 <--- recent accumulation
* Base Depth: 22.25%
* Distance from breakout buy point: -0.36%
* Volume -29.91% below its 15 day avg.
Trade Idea:
* You can enter now as the risk is low and it's offering an early entry relative to its moving averages.
* If you'd like a better entry you can look for one around the 124.52 area as that should hold as support.
* Or you can wait for a clear break and hold above 129.02 with volume before entering
Not at the bottom now, but we will get a very nice opportunity!Hello trades & hodlers out there.
I have very bad, but also very good news depending on your timeframe!
As we saw the bear flag is working, there is absolutely no sign in the market left, that we are in the bear market phase.
As clear as it so now, we are also only have left the last leg down i guess.
This move could come in steps or very fast in on big flash crash.
In my opinion, the flash crash scenario is less likely but could bring us the best short term buy price.
The green box marked the time and price range, which is obviously quite a big range. But nothing is for sure, so please take care!
At 14,000 USD i will buy massiv, even if we could go lower.
If we are not reaching this price, i will buy after the bottom was built on a retest pullback.
Wish you all luck & be very patient.
Don't act emotional, otherwise you will lose a lot in this market phase!
Is $ATKR ready to head higher?Notes:
* Very strong up trend
* Great earnings QoQ
* Basing for the past ~9 weeks
* Forming a cup and handle in this period
* Incoming volume
* Offering an early entry as it's still close to the 50 day line
* More buyers in the market recently
Technicals:
Sector: Industrials - Specialty Industrial Machinery
Relative Strength vs. Sector: 3.0
Relative Strength vs. SP500: 4.72
U/D Ratio(50): 1.19
U/D Ratio(15): 2.47
Base Depth: 81.04%
Distance from breakout buy point: -2.92%
Volume 7.67% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to its 50 day line and is breaking above the resistance level of 123.53
* If you want a better entry you may be able to find one around the broken resistance area if it's retested as support.
* Or if it does pull back you may be able to find a better entry around $121.72
$XRP chart looking like 2017Ripple's chart is currently displaying a familiar pattern and appears to be on the brink of a historic breakout. The formation is reminiscent of the one seen in 2017, when the value of Ripple experienced a significant increase.
What are your thoughts on Ripple?
(No financial advice)
Is $EXTR ready for the next move higher?Notes:
* Strong up trend
* Great earnings QoQ
* Basing for the past ~8 weeks
* Pulled back to its 50 day line and found support around the 18.17 area
* Now coming up on the right side of its base with higher than average volume
* Offering an early entry
* Printed a Pocket Pivot, indicating institutional demand
Technicals:
Sector: Technology - Communication Equipment
Relative Strength vs. Sector: 5.94
Relative Strength vs. SP500: 5.88
U/D Ratio: 0.97
Base Depth: 15.74%
Distance from breakout buy point: -5.99%
Volume 88.56% above its 15 day avg.
Trade Idea:
* Now's a great time to enter as it's just coming off of its 50 day line and also printed a pocket pivot.
* Based on its prior performance, $EXTR can go another ~17.6% from here.
* If you're looking for a better entry you may be able to catch one around 19.3
VIX: VOLATILITY INCOMING??? / CHART UPDATE / SUPPLY & DEMANDDESCRIPTION: In the chart above I have provided an UPDATED MACRO chart for the VIX with more reliable SUPPLY & DEMAND POCKET PLACEMENT & UPDATED TRAJECTORY.
POINTS:
1. DEVIATION of 7 POINTS in PRICE ACTION places SUPPLY & DEMAND POCKETS where most STABLE CONSOLIDATION OCCURS.
2. Current trend shows a DESCENDING CHANNEL with VIX NEARLY DOWN 50%
3. MACD'S LOWEST POINTS decides PERIODS where VOLATILITY comes to an END.
4. UPCOMING PREDICTION OF POSSIBLE NEW LOW IS FORMULATED FROM AN AVERAGE OF PERIODS MARKED BETWEEN LOWEST POINTS OF MACD THEREFORE: 91 Days + 135 Days + 109 Days = ROUGHLY 112 Days.
5. RSI signals increased VOLATILITY AFTER BREAK of 40 on RSI.
*IMPORTANT: SUPPORT at 19 has OFFICIALLY BEEN BROKEN. LOSS of 19 CAN BE A STRONG INDICATOR FOR OVERALL MARKET RALLY IN THE POSITIVE.
SCENARIO ONLY ONE: IF YOU ARE A BEAR YOU WANT TO SEE A REGAIN OF 19 SUPPORT AND FURTHER PUSH DOWNWARD FOR BULLS.
TVC:VIX
GBPUSD-Weekly Market Analysis-Jan22,Wk3GBPUSD is on a bullish trend; a Bullish Bat Pattern completes at 1.2101 and gives us a candlestick pattern confirmation within the Bat Pattern, within the Demand Zone / Buy Zone. Note that Point C poses a warning sign for the Bat Pattern traders; a candlestick pattern confirmation is a MUST for me.
SOLANA - Plan since June 22'My accumulation plan for SOL solidified back in June 2022 and I had marked out overall structure I want to consider as an accumulation area with buy zones.
We have now entered (and quickly exited) my 2nd buy zone. Was that our only chance to get in around $8 or will we get another chance even cheaper?
I think the bottom is close, but I think we revisit the lows again in my buy zone 2 area before the bottom is finally done.
The blue path has now just been extended, time-wise, for a potentially exciting 2nd half of 2023 and into 2024.
I shared this chart back in June, plan remains otherwise!
Cheers
PSNY: MACRO ANALYSIS / INTERSECTING CHANNELS / SQUEEZE? (UPDATE)DESCRIPTION: In the chart above I have included an in depth MACRO ANALYSIS of PSNY.
IMPORTANT:
- With late Novembers PRICE ACTION rejection at around 8 POINTS this led me to consider that despite our current uptrend the CEILING of the PREVIOUS DOWNTREND CHANNEL IS STILL VERY MUCH IN PLAY.
- RESISTANCE THAT WAS SEEN AT 8 POINTS WAS EXACTLY WHERE THE INTERSECTION LIES FOR BOTH THE CEILING OF PREVIOUS DOWNTREND CHANNEL AND CURRENT UPTREND CHANNEL.
POINTS:
1. DEVIATION OF 1 POINT PER SUPPLY & DEMAND POCKET. (Gaps between Supply & Demand Pockets is due to lack of STABLE CONSOLIDATION)
2. FUTURE POINTS OF CONTACT were estimated by taking MEAN AVERAGES from PREVIOUS POINTS OF CONTACT.
3. PREDICTED 10 DOLLAR price target by FEBRUARY 14TH was estimated by taking into consideration how much previous rally made price action increase after serious consolidation.
4. IT IS CRUCIAL MACD BEGINS TO STAY CLOSE TO MEDIAN AS IT CAN BE A GREAT PREDICTOR FOR A POTENTIALLY BIG MOVE.
SCENARIO #1: In a bullish scenario price action follows given path or makes more points of contact eventually breaking to the upside from DOWNTREND CHANNEL CEILING.
SCENARIO #2: In a bearish scenario it is important price action does not fall below 5 points this would in fact invalidate entire setup.
FULL CHART LINK: www.tradingview.com
NASDAQ:PSNY
NASDAQ:PSNYW
BITCOIN PREDICTION!!!! IS THIS THE BOTTOM???DESCRIPTION: In the chart above I have provided a MACRO to Micro analysis for BITCOIN by taking into consideration SUPPLY & DEMAND POCKETS along with recent BREAK OF DOWNTREND CHANNEL by a DESCENDING TRIANGLE PATTERN that can break either to the UPSIDE OR DOWNSIDE.
POINTS:
1. Year to Date puts BITCOINS price action at a -77.48% correction.
2. With a current 210 days consolidation within current SUPPLY & DEMAND POCKET.
Beginning with SUPPLY & DEMAND POCKETS BITCOIN shows a DEVIATION of 10,000 points between every "STABLE CONSOLIDATION PERIOD".
2. DOWNWARD CHANNEL that began at 66,000 points was broken when price action hesitated to fall below 16,000 as SIDEWAYS CONSOLIDATION continued.
3. RSI is showing signs of steady bullish momentum in a much more stable fashion than before.
4. MACD is indicating that a big move is on the way since buying and selling pressure is in between.
*NOTE: Lose of current SUPPORT OF 16,000 would invalidate any BULLISH MOMENTUM.
SCENARIO #1: Continuation of sideways momentum that eventually breaks 20,000 point entry could push BITCOINS price higher.
SCENARIO #2: Discontinuation of sideways momentum and a fall below 16,000 point crucial support can eventually lead the way to a 13,000 entry.
BITSTAMP:BTCUSD
Can $ESAB go higher from here?Notes:
* Moving up on the right side of its IPO base
* Good earnings
* Breaking out of an ascending triangle with higher than average volume
* Has a 50 day UD ratio of 2.26 and a 15 day UD ratio of 5.27; indicating that there's been a ton more buying short term
* Has a solid relative strength in the sector and against the SP500
* Showing an early entry relative to its 50 day line
* Printed a pocket pivot, indicating institutional demand
Technicals:
Sector: Industrials - Metal Fabrication
Relative Strength vs. Sector: 2.87
Relative Strength vs. SP500: 14.88
U/D Volume Ratio: 2.26
15 Day U/D Volume Ratio: 5.27
Base Depth: 77.73%
Distance from breakout buy point: -16.17%
Volume 21.39% above its 15 day avg.
Trade Idea:
* Now's a great time to jump in as it's close to its 50 day line, printed a pocket pivot and breaking out of its ascending triangle
* If you're looking for a better entry you may look around the 48.1 area as it may retest that level for support
Some resistances to keep in mind are $49.2 and $51.3. There may be sellers in these areas.
ES1! RALLIES & FALLS (UPDATE)DESCRIPTION: In the chart above I have provided an updated version of my previous chart for ES1! .
POINTS:
1. Price Action has broken previous pennant and fallen into a consolidation phase.
2. Breaking through this consolidation phase would either require breaking 3900 to the upside or 3800 to the downside.
Current Fall Percentage = -9.47%
Current Fall in Points = -1585
Average Fall Percentage = -14.63%
NOTE: *Highlighted Channel 3800 - 3900 is current price action range where DIX HAS SHOWN TO SPIKE THE MOST.
CME_MINI:ES1!
AMZN: Moving into A Buy Zone?The Weekly Chart of AMZN shows that the stock has dropped into a strong support price level with a risk that there could be a Dark Pool Buy Zone here. The share price is now below fundamental values.
With a month before AMZN reports earnings, it will be interesting to see how the stock behaves; it will reveal how well AMZN is recovering from the hyper revenues created by the stay-at-home orders and stimulus checks of the pandemic. This is the last quarterly report that will be skewed with the revenues and earnings from the pandemic anomaly.
This company MUST provide a dividend soon.
$SHI Shina Inu 💖Shina Inu (SHI) price has increased today.
Shina Inu price today is $0.000000764208 with a 24-hour trading volume of $41,655.93. SHI price is up 2.5% in the last 24 hours. It has a circulating supply of 14 Trillion SHI coins and a total supply of 14482056376677.0. If you are looking to buy or sell Shina Inu, Uniswap (v3) is currently the most active exchange.