long position is more logical than shortConsidering the overlap of support and trend line, it is expected that MACD divergence will work and usdchf currency pair will get a good buying position in these areas towards the high targets.
Channeltrend
NIFTYHello and welcome to this analysis on NIFTY
From the high's of 18600 made in October 2021, every pullback leg of Nifty has been approx 88%
18350 on 18 Jan 2022 was 88% of the decline from 18600 to 16410
18115 on 4 April 2022 was 88% of the decline from 18350 to 15670
The current rally is at 78% of the decline from 18115 to 15185.
So what lies ahead, lets try to decipher probable scenarios
1. 88% retracement is near 17765 that coincides with the falling trend line - History repeats itself, rally ends near it, "tata, bye-bye, see you Longs."
2. It will breach above the falling trendline and continue its rally towards 18400 at least - Bull party continues, almost everything from A to Z eventually moves up, everyone (except those looking for a pullback and/or short) are happy!
3. It has completed its pullback and will do a pullback/resume downtrend, earliest confirmation as of today would come once it starts sustaining below 17375. - Just when everyone was hopeful that stocks are coming closer to their purchase cost, those stocks which have made us FII - "Full Invested Indians", because we bought them at very high levels and exiting in decline would have cost a huge loss, so holding onto these till .... ! PS This is not for Investors, this is for traders who become forceful investors in stocks where exit did not happen.
Until then
Happy Investing & Safe Trading
DLB Short-> DLB has been ranging in this sideways channel
-> past two earnings have hammered the stock down to the bottom of the channel
-> short and simple (short from the top, take profits at the bottom)
-S/L @ ~$80
Just my opinion/not financial advice, cheers!
Potential Selling opportunity on NAS100The NAS100 is currently trading around 13340, which is the 3rd touch on the trendline that started on December 2021,
We can a trend resistance at that point, so i expect a bearish reversal from 13349
Market has been overbought and RSI, Stochastic and CCI
i will be waiting for a bearish confirmation to enter the market
This is my analysis
whats your take on this traders
!!! Trade with care
EURUSD Possible bullish channel...watch outhere is my channel for EURUSD for these days...hope to traders to use this at their trades.
btc following this channel btc following this channel and made a head and shoulders , now we can see 21500 and if it broken down line we will see 20000 and less down
Exide: Nothing exciting anymore - SELLThe NP run rate of 200 after the one off profits in March quarter. Stock in a downward channel since Jan 2021.
btc 4H channel structureBest Trader ,
as you see the btc inside a channel , until yet i dont have any price action for confirming (short or long ) , if you see this structure on 1H you will find the RSI on bottom thats why i,m afraid to go short , i will wait maybe for a trap with price action so i have more confirmation
thanks
Stocks Markets Breakout or Reversal ? [Arabic Language]S&P500 gains a lot in the past week, is this the end or the downtrend? is it the bottom?
We should monitor the main levels here at $4200, it will tell us!
Gold/Silver Fibonacci ChannelSince the beginning of 2021 Gold/Silver parity making an obvious channel. $87 - $85 area is important support and $100 is the target. Even if parity decreases till $80 we're gonna be still in the channel and we still have chance to go to $100.
GOLD - Sell IdeaSell Idea on GOLD .
GOLD is in a down channel making Lower Lows and Lower Highs and is currently at a Resistance Level off the daily time frame.
We anticipate the market to fall to 1614.7/1598.4 mark as we making new Lows .
TP 1 - 1614.7
TP 2 - 1598.4
SL - 1887.2
NQ - Tweezer BottomI posted on 7th July that there was a potential bullish divergene on the monthly chart of Nasdaq, and it has since come true. What is interesting is that we are now seeing a potential "tweezer bottom" on the monthly as well (both bullish).
The daily chart has been trading within a rising channel. With FOMC out of the way, there is a good chance for NQ to reach 13000 in the near future. Has the market turned the corner for good after hitting a low of 11,000 on 16 June? We won't know for sure but I would be a bull rather than a bear in the near term. Watch for market reactions to earnings of the big boys (namely FAANG stocks and take the cue from there.
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!
EURUSD AnalysisCurrently, the EURUSD is in a downward channel in the daily time frame, and if it breaks this channel upwards, the first resistance zone it has is the range of 1.06710 to 1.07930 .
if it breaks the channel from the bottom, the first support zone is the range of 0.97509 to 0.96.
You can also switch between channels !
shortGBP/USD just tested the descending channel and above we have a psychological level we expect a short time sell to the zone down before moving upwards
eursud 1D channel priceBest Traders ,trend
on 1D there is a big channel price broke out down , i zoomed in 4H timeframe there is correction small up trend broke out down also and the price retest now the small trend , if this is real broke than we wait for good price action to take short .
thanks
UK 100 FUTURE LOOKING FOR CONTINUATIONFTSE 100 is looking good for continuation, it is trying to break through Resistance and hold as Support.
Channel Up for all of 2021 and half of 2022. Fell out of the pattern into an Ascending Triangle and hit Target 1 and 2.
Ascending Triangle complete and Target 1 hit.
If we fail to break current Resistance we will retrace to Targets 1 and 2.
BTC dump and what to expectRight now there is panic due to America releasing the official statistics, BUT BTC is still the most stable thing on the market to invest into as some people say. I drew some price predictions and other stuff.
The fixed volume shows the price that people most buy out BTC and I left the pivots there for you (Weekly).
There is a technical flat for the last 1000 bars, but that's due to the fact that we are gathering the power for some huge price movement at the moment.
For the indicator DM @Sadesguy
Bitcoin price is jumping-upBitcoin this week might be traded in 21K to 23K channel, instead of 19K to 21K price that it was traded in the previous weeks. Meanwhile it's uncertain that for how many days or weeks the price would be ascending... It would be pretty hard for bitcoin to break-down it's pivot points and its 34-day EMA. Please click on the rocket below to give it a boost.
AUDCHF I Swing Downwards 70+ pips Welcome back! Here's an analysis of this pair!
**AUDCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
1WTF, Support and Resistance!*This is just a good Up Ward Channel Pattern.
*Fundamentally sound Nifty Heavy Weight.
*Low BETA Stock, best during the volatile market conditions.
*Long Term Trend is Bullish as you can see, so trade with the Trend.
$IBM reached previous ATH from 2013I frankly forgot IBM still exist. Last month it slightly broke the ATH from March and April 2013. Yes, it can take 9 years to get rid of your bags. So, trade carefully and have your stop losses or exit plan in place. It's been in this massive channel on monthly for 9 years. Perhaps time to breakout? Earnings sent the stock slightly lower, but I'll keep my eye on it.
