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Confluence

SILVER FUTURES Daily Technical AnalysisSI1! Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Cup and Handle, Support, Resistance, Trend Lines, Cluster, Confluence, Parallel Channels, Rectangles, Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
COMEX:SI1!
by BahamasX
WHEAT FUTURES Weekly Technical AnalysisZW1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Rectangles, Pitchfork, Modified Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
CBOT:ZW1!
by BahamasX
CORN FUTURES Weekly Technical AnalysisZC1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Pitchfork, Modified Schiff Pitchfork - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
CBOT:ZC1!
by BahamasX
S&P 500 Daily Technical AnalysisES Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Pitchfork, Modified Schiff Pitchfork - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
CME_MINI:ES1!
by BahamasX
A Date with Bitcoin (Part 2 The Bottoming)The Confluence & Power of The Rings Over the years Fib Rings have had the tendency to indicate high levels of Support and Resistance. From the recent past these 2 rings I have done there has been a slight glimpse to look into the future. Take of it that you will but the facts are in the chart. Review the major moves Bitcoin has taken over the past year (2021- present day), observe the timeline and price targets Bitcoin has had with respect to the bounds of "The Rings". The Bottoming As we approach 2 major Crossing Fib Rings and a confluence of Trend-Base Extensions, 300 MA and a measured move of 30% to the down side there are a few key dates to pay attention to: Price Targets $17,549 > $16,200 (possible wick down to $13,839) - July 5-6th we may revisit the same support in which we bottomed on the June 18th ring. - From this, for a few days we may gain short-lived triggering a "double bottom" bounce. - Towards 12-14th July I suspect we revisit the ring that kick started the whole 2021 bull cycle again. Marking a potential mid-year bottom. As this indicates that there is a potential further decline, I am not ruling out that there could also be further downside in the weeks to come or, a bottom is already in. This theory suggests only if there is more downside and the dates to watch out for. Breaking either of these ring cross overs would indicator further downside or potential reversals. I will update this as we progress.
INDEX:BTCUSD
by LiquidMafia
5
NQ- HAS SCOPE TO XYZMTF Long leading into a long term short position extreme link to BTC can see something almost exact to match Has scope to be various ew counts and the main 2 both have scope to hit the desired zone with multiple confluence's Would make sense in terms of seasonal pivot timing and line up nicely on multiple fib time pulls. also i can the inverse movements within the DXY and falls in line. could go deeper but i have moves on es and ym that would also corelate Having said all of the above my secondary idea see's at at resistance currently with a small push to the upside with a pivot being placed and seeing us attack and the high time frame lows to form a true bottom and very first stages of a new bull run this year. expectation of a very sideways first wave for a prolonged period that is difficult to enter with confidence then a very deep wave 2 that stops the feint hearted long term positions followed by an extreme wave 2 that climbs beyond all expectations
CME_MINI:NQ1!Short
by hazeldean
1
How to Spot a Reversal Pattern: A Short-Term ETHUSD TradeHey traders, are you ready for some action? 😎 The RO Flash indicator is flashing green, which means we could see some bullish momentum soon. We’re also nearing the end of a falling wedge pattern on the 1H chart, which is a classic reversal signal. I’m aiming for a 5% profit on this trade, because I like to keep it simple and realistic. 😉 This is the third time we’re bouncing off the 236 Fibonacci level on the 4H chart, and we’re still in a nice .272 retracement zone on the 12H chart. So, what do you think? Will ETH break out or break down? I’m betting on the former, because I’m feeling lucky today. 🍀
COINBASE:ETHUSDLong
by AnkerElite
S&P 500 Weekly Technical AnalysisES Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Fibonacci Retracement, Pitchfork, Modified Schiff Pitchfork - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
CME_MINI:ES1!
by BahamasX
EURUSD TripleMonthly Technical AnalysisEURUSD TripleMonthly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Parallel Channels - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
by BahamasX
PG Proctor & Gamble Swing Long or InvestPG ( think soap, cleanser, laundry detergent toilet paper) is a stock that pays no attention to market noise, In analysis terms, it is a low or no beta stock. On a busy chart, the price is curently at the confluence of the SMA 50 21 and 9 averages also sitting at the long-term VWAP anchored a couple of earnings ago. It is also in the center of the high volume area on the longterm profile. Earnings are steady and consistent typical of a reliable but slow-mover. The rising MACD lines and the RSI piercing through its Ichimoto cloud serve to further confirm that PG is in a confluence sweet spot. I see this as a good spot to dollar cost average into a holding of 100 shares to be used to sell monthly options for income or alternatively purchase a call option contract at a strike of about $10 below current price with DTE of 150-200 to make for a stable contract avoiding the market fluctuations.
NYSE:PGLong
by AwesomeAvani
EURUSD Monthly Technical AnalysisEURUSD Monthly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Cluster, Fibonacci Retracement, Channels - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
by BahamasX
2
DX1! Weekly Technical AnalysisDX1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Cluster, Fibonacci, Pitchfork , Cup and Handle - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
ICEUS:DX1!
by BahamasX
✔️Confluence Trading📍What is “confluence trading”? “Confluence trading” is when you combine more than one trading technique or analysis to increase your odds of a winning trade. You use multiple trading indicators that all give the same “reading”, as a way to confirm the validity of a potential buy or sell signal. Confluence refers to any circumstance where you see multiple trade signals lining up on your charts and telling you to take a trade. Here are some indicators, chart patterns and candlestick patterns you can use for confirmation of your trade. 🔹Indicators Moving Average (MA) Relative Strength Index (RSI) Bollinger Bands Fibonacci retracement Stochastic Oscillator MACD Average Directional Index (ADX) Ichimoku Kinko Hyo Parabolic SAR Williams %R 🔹Chart Patterns Head and Shoulders Double Top and Double Bottom Triple Top and Triple Bottom Flag and Pennant Cup and Handle Wedge Rectangle Symmetrical Triangle Ascending Triangle Descending Triangle 🔹Candlestick patterns Doji Hammer Hanging Man Shooting Star Inverted Hammer Bullish Engulfing Pattern Bearish Engulfing Pattern Piercing Pattern Dark Cloud Cover Morning Star and Evening Star 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
6
SPX 4hr Watch for bottom around 3880-3850Price is attempting a retest of the white 2022 trend line. There’s a confluence of the trend line, the green parallel channel, and price level 3880. 3880 is a level I’m watching due to similarities between now and 2011 which turned out to be a fake crash year. That idea is linked as a related idea below. The confluence occurs on Friday of this coming week. 3850 is the point of control of the recent range where many relieved shorts will be looking to get out at break even. The confluence and this range constitute strong support but a weekly close below them would be a pretty bad look.
SP:SPXLong
by Skipper86
1
Solana Showing Signs of Life Near the PCZ of a Bullish SharkSolana after bringing us a Weekly Double MACD Bullish Divergence Below Support has managed to Spring Back into the Major Support Zone that is confluent with a 1.618 Bullish Shark and is now Preparing to Bullishly Engulf the previous weekly candle in an attempt to hook on to the zone. This can lead to us confirming the Old Support Zone as Support Again where we could then rally off the Support and take off to the Minimum Harmonic Target of $133.86 and if things are really Bullish; All Time Highs. My only worries for this coin are it's previous connections with FTX but perhaps the technicals are hinting here that the FTX impact is not as bad as I initially perceived.
BINANCE:SOLUSDLong
by RizeSenpai
1
USDJPY Longs to 134.500!Reading price action we can see that USDJPY has shifted up in momentum creating higher highs and higher lows. The price has now broken previous areas of interest and is now testing as new support. Reading the structure we can see the price is creating an inverted head and shoulders in confluence with a flag formation. Notice how the price has failed to break this zone with the long-wick rejection we are seeing at 130.500. If the price manages to hold above this zone look to buy back up to 134.500 key psychological zone. If the price manages to break we must reevaluate price action. Use proper risk management.
Long
by ChartAddicts
DXY: what I want to see for AUDUSD, GOLD, EURUSD long ! Hello guys, I've put ghost candles on the chart to show you what I want to see to support my Gold, EU, AU long setups. So DXY approached very crucial zone now, there is a current strong level of S/R, a 61.8% Fibonacci level and a daily 50EMA. Right now the bullish momentum is very strong, so I will wait to see if the confluences I mentioned are strong enough to hold the level. If I see a daily closure above these confluences, I'll cancel all my XXXUSD setups, because they would be invalidated.
TVC:DXY
by JivkoXristov
4
GOLD on a potential correction 🦐Gold is currently in a bullish trend, as evidenced by the ascending megaphone pattern on the 4-hour chart. The ascending megaphone is a bullish continuation pattern that occurs when prices are making higher highs and higher lows, and is characterized by converging trendlines that form a megaphone shape. The upper and lower trendlines of the megaphone can be used to identify key levels of support and resistance. The upper trendline represents the resistance level, and the lower trendline represents the support level. The confluence point, where these two trendlines intersect, is a crucial level to watch. If the price of Gold breaks below the lower trendline and the confluence point, it could indicate a potential correction sell opportunity. A break below the confluence point could trigger a short-term downward price move, as the bulls may take profits and the bears may enter the market. This could provide a good opportunity for short-term traders to enter the market with a sell position, with a stop loss placed above the confluence point. In conclusion, while the overall trend for Gold remains bullish, traders should keep an eye on the lower confluence point and be ready to take advantage of any potential correction sell opportunity that may arise from a break below this level.
OANDA:XAUUSD
by InkyGrip
4
AUDNZD Longs to 1.11500!Reading the daily time frame we can see price is on an uptrend creating higher highs and lows. Price has broken above a previous area of resistance and is now holding at support with signs of rejection. If the price manages to hold above 1.09000 we can see the price reach 1.11500 key psychological. If the price manages to break we must reevaluate price action. Omer Kambal 2/5/2023 ChartAddicts This is not financial advice. The information shared is the opinion of a Chartaddicts analyst. Please do your own research.
Long
by ChartAddicts