Next move on SPXUnfortunately the market sentiment is very negative, SPX can break the down channel either down or up. Watch the VIX for more anticipation - it is nearing its 2SD where we could see some reactions as it acts as resistance. In case it goes up towards 45, we will see SPX dropping to 3200 area, in case VIX would cool down to its average values, there could be a 30 - 40 days rally..
Channelbreak
KPITTECH is in retracement after Channel breakoutNSE:KPITTECH midcap broke out channel pattern on 2022-09-22 and is in retracement at channel resistance turned as support.
Pros:
Strong fundamentals and financials.
Consistent revenue and profit growth.
-ve net debt.
Consistent dividend yield.
Cons:
Continuous reduction in FII and DII holding.
High PE ratio.
Price above Intrinsic value.
Entry : Enter if price goes above recent high of 684 with strict SL.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
Dollar Index Forecast and The Increase In Interest RatesThe Dollar has been on a very strong bull run as we track it week to week. We can see a clear channel has been broken, and price interacting with quarter point. In addition. price has corrected itself by 50%! What do you think is the probability of price popping back into the channel ? Love to hear from the followers of this channel!
ETH has been trending higher the past few days (MERGE Effect? )ETH is now trading near 1650$ .
It is moving inside a rising channel on 4H time frame.
Now there are two scenarios:
1- ETH breaks down the channel then that is short term Bearish signal for ETH and it can test 1476$ - 1400$ level.
2- ETH holds the lower support zone of the channel then it can again go for upper resistance line of the channel and potentially break it.
Pick the direction according to the side of breakout.
On the daily time frame we can see that ETH is trading in an accumualtion "livermore" cylinder with targets are 2500$ and 3300$ . Invalidation of the pattern is below 1400$ .
At the moment it looks like compression is coming to an end and breakout will happen 👀
Current Resistance area between:
> 1680
> 1700
> 1790
Personal POV:
Looking for a test of the 1700$ area, hoping for a breakout toward 1800$ as continuation🤞
XAU/USD Minor Triangle!• The gold price is encased in a triangle pattern, as seen on the H1 chart. The XAU/USD pair indicated a greater increase after breaking free of the down-channel pattern.
• The channel formation was regarded as a bullish reversal pattern from a technical perspective. However, it may test and retest the support of the triangle or the downtrend line in the near term.
Good Luck Traders!
EUR/NZD for shortThis is the eur/nzd 1hr chart; as you can see we had an ascending channel, which was broken to the upside, and theoretically, if we see a breakout to the upside during an ascending channel, there's a good chance it could be a false breakout (although there are cases when it's not a false breakout, of course). So here things are like this: the price broke the channel to the upside and after a few sessions it closed again inside the channel, and here we also have the 1st lower low, so it is logical to look for some shallow retracement and go short. However, anything can happen, so protect yourself as soon as possible. Remember we have the ECB meeting next week so try not to fall into the speculation traps.
BTCHello guys.
BTC is holding above $19.5K support, which is also the first potential reversal zone of bullish shark pattern. As after break of structure an unfilled order block is formed, so there are high chances that BTC will pump now and fill the unfilled order block.
If BTC breakout that order block then the bullish rally will continue and if it rejects from there then it will most probably come towards the 2nd potential reversal zone of bullish shark pattern, which is marked with the horizontal support.
DG:Correction due?!Dollar General
Short Term - We look to Sell a break of 242.72 (stop at 250.70)
Following yesterday's bullish candle, the overall trend higher looks set to reverse today. Trading within the Channel formation. The bias is to break to the downside. A break of support at 244.00 should lead to a more aggressive move lower towards 220.00.
Our profit targets will be 220.05 and 204.00
Resistance: 256.00 / 265.00 / 280.00
Support: 220.00 / 204.00 / 184.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Ada/USDT Long📈N.B. I am very very sorry for the recent trash quality posts because there is a huge update on my strategy and frequent loadseding problems.All problems is fixed so I will only post high quality posts again
Previous important support and resistance zones:
***s1: 0.5308
**s2: 0.4631
***r1: 0.4737
Conditions for Long:
1. Channel breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.support from previous resistance ***r1 zone
6.Money flow index turned green from red
7.volatility has increased
8.di+ is above the di-
9.adx line is above the 20 level
Stoploss:
1.below the previous resistance zones of ***r
Take profit:
1.take profit is dynamic,trailing stop loss/take profit
Exit point:
1.will be updated later in the comments box only if someone asks
S&P 500 Possible Gap Fill Based On Price Action OnlyDescription: According to historical price action market data market like to fill gaps from 2000 to 2003 and from 2007 to 2009 and 2019 to 2020 as you can see all previous gaps was filled, but this gap has been never fill and now is possible to be filled. The same price action is on others index and stocks
Possibility but is not guaranteed: If all this index and stocks decide to fill all this gaps the following is possible to happen but is not guaranteed
3 Examples: Dollar Index: 35.34% UK100: 75.64% Apple: 92.51%
Examples: You can use Facebook and PayPal as an example or historical price action market data as examples for a gap fill which happened this year.
Warning: This is not a Financial Advice nothing is guaranteed I am not a financial expert or financial adviser I only share my opinion
BTC: Channel brokenBitcoin
Intraday - We look to Sell at 22789 (stop at 23351)
Short term momentum is bearish. Broken out of the channel formation to the downside. The trend of higher intraday lows has also been broken. Reverse trend line resistance comes in at 22800. We look for a temporary move higher.
Our profit targets will be 21377 and 20977
Resistance: 22000 / 22500 / 23000
Support: 21500 / 21000 / 20500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.