Get started

Daily Charts

GBPCAD on a double bottom retracement 🦐GBPCAD on the 4h chart reached as expected the daily support at the 1.58 area. The price tested the area 3 times creating double / triple bottom over the support and can now look for some short time retracement to upside even though the main trend remains bearish on the weekly timeframe. How can i approach this scenario? I will wait for the London market open and check for a possible move to the upside. If the price will then break above the descending trendline i will look for a nice long order according to the Plancton's Academy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
3
GBPUSD a move to the 1.28? 🦐GBPUSD on the daily chart is trading at the recent lows and tested the monthly support at the 1.21600. The price after the last bearish impulse might carry on with the retracement to the upside and break the resistance at the 0.382 Fibonacci level How can i approach this scenario? The market tested the 1.2500 area and is now trading below a minor resistance. I will look for a break of the structure and a possible test of the upper 0.618 Fibonacci level. ------ Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
22
Daily US Stocks Volatility Forecast 23 May 22 APPL, TSLA, MSFTApple 23 May 2022 For today, based on the last 30 days, the current implied volatility is around 2.63% movement. So with a more than 78% chance we can estimate that the current daily channel made with 138 open candle value, is going to be: TOP 138 + 3.6 -> aprox 141.6 BOT 138 - 3.6 -> aprox 134.4 At the same time, if we want to increase our probability, we can go for a IV of 3.94% With this we can achieve over the last 5000+ daily candles, a 90% probability. So in this case , our daily channel is going to be compressed within TOP 138 + 5.4 -> aprox 143.4 BOT 138 - 5.4 -> aprox 132.6 ---------------------------------------------------------------------------------------------------------------------- Microsoft 23 May 2022 For today, based on the last 30 days, the current implied volatility is around 2.63% movement. So with a more than 78% chance we can estimate that the current daily channel made with 253 open candle value, is going to be: TOP 253 + 6.6 -> aprox 259,6 BOT 253 - 6.6 -> aprox 246,4 At the same time, if we want to increase our probability, we can go for a IV of 3.75% With this we can achieve over the last 5000+ daily candles, a 92% probability. So in this case , our daily channel is going to be compressed within TOP 253 + 9.5 -> aprox 262,5 BOT 253 - 9.5 -> aprox 243,5 ---------------------------------------------------------------------------------------------------------------------- TSLA 23 May 2022 For today, based on the last 30 days, the current implied volatility is around 5.44% movement. So with a more than 78% chance we can estimate that the current daily channel made with 665 open candle value, is going to be: TOP 665 + 36 -> aprox 701 BOT 665 - 36 -> aprox 629 At the same time, if we want to increase our probability, we can go for a IV of 5.44% With this we can achieve over the last 5000+ daily candles, a 90% probability. So in this case , our daily channel is going to be compressed within TOP 665 + 55 -> aprox 720 BOT 665 - 55 -> aprox 610 ---------------------------------------------------------------------------------------------------------------------- Google 23 May 2022 For today, based on the last 30 days, the current implied volatility is around 2.7% movement. So with a more than 78% chance we can estimate that the current daily channel made with 2180 open candle value, is going to be: TOP 2180 + 60 -> aprox 2240 BOT 2180 - 60 -> aprox 2120 At the same time, if we want to increase our probability, we can go for a IV of 3.6% With this we can achieve over the last 4000+daily candles, a 90% probability. So in this case , our daily channel is going to be compressed within TOP 2180 + 80 -> aprox 2260 BOT 2180 - 80 -> aprox 2100 ----------------------------------------------------------------------------------------------------------------------
NASDAQ:GOOGL
by exlux
2
Daily US Index Volatility Forecast 23 May 22 SPY,SPX, QQQ, NDXES/SPX/SPY 23 May 2022 For today, based on the last 30 days, the current implied volatility is around 1.86% movement. So with a more than 71% chance we can estimate that the current daily channel made with 3910open candle value, is going to be: TOP 3910 + 73 -> aprox 3983 BOT 3910 - 73 -> aprox 3837 At the same time, if we want to increase our probability, we can go for a IV of 2.8% With this we can achieve over the last 5000+ daily candles, a 88% probability. So in this case , our daily channel is going to be compressed within TOP 3910 + 110 -> aprox 4020 BOT 3910 - 110 -> aprox 3800 For SPY, you can take the the IV of either 1.86% or 2.8% and apply that calculation with the open candle once markets starts ---------------------------------------------------------------------------------------------------------------------- NQ/NDX/QQQ 23 May 2022 For today, based on the last 30 days, the current implied volatility is around 2.48% movement. So with a more than 71% chance we can estimate that the current daily channel made with 11866 open candle value, is going to be: TOP 11866 + 295 -> aprox 12160 BOT 11866 - 295 -> aprox 11570 At the same time, if we want to increase our probability, we can go for a IV of 3.95% With this we can achieve over the last 5000+ daily candles, a 88% probability. So in this case , our daily channel is going to be compressed within TOP 11866 + 470 -> aprox 12334 BOT 11866 - 470 -> aprox 11400 For QQQ you can take either the IV 2.48% or 3.95% and apply that to the opening price of the candle once markets starts ----------------------------------------------------------------------------------------------------------------------
CME_MINI:ES1!
by exlux
Daily Crypto Volatility Forecast 23 May 22 BTC, ETH, XRP, BNBBTC USD 23 May 2022 For today, based on the last 30 days, the current implied volatility is around 4.11% movement. So with a more than 75% chance we can estimate that the current daily channel made with 30200 open candle value, is going to be: TOP 30200 + 1250 -> aprox 31500 BOT 30200 - 1250 -> aprox 29000 At the same time, if we want to increase our probability, we can go for a IV of 6.84% With this we can achieve over the last 4000+ daily candles, a 88% probability. So in this case , our daily channel is going to be compressed within TOP 30200 + 2100 -> aprox 32300 BOT 30200 - 2100 -> aprox 28200 --------------------------------------------------------------------------------------------------------------------- ETH USD 23 May 2022 For today, based on the last 30 days, the current implied volatility is around 5.04% movement. So with a more than 75% chance we can estimate that the current daily channel made with 2040 open candle value, is going to be: TOP 2040 + 100 -> aprox 2140 BOT 2040 - 100 -> aprox 1940 At the same time, if we want to increase our probability, we can go for a IV of 8.64% With this we can achieve over the last 2000+ daily candles, a 87% probability. So in this case , our daily channel is going to be compressed within TOP 2040 + 180-> aprox 2215 BOT 2040 - 180 -> aprox 1865 --------------------------------------------------------------------------------------------------------------------- BNB USD 23 May 2022 For today, based on the last 30 days, the current implied volatility is around 6.09% movement. So with a more than 76% chance we can estimate that the current daily channel made with 320 open candle value, is going to be: TOP 320 + 20 -> aprox 339 BOT 320 - 20 -> aprox 300 At the same time, if we want to increase our probability, we can go for a IV of 8.08% With this we can achieve over the last 1600+ daily candles, a 87% probability. So in this case , our daily channel is going to be compressed within TOP 320 + 26 -> aprox 345 BOT 320 - 26 -> aprox 292 --------------------------------------------------------------------------------------------------------------------- XRP USD 23 May 2022 For today, based on the last 30 days, the current implied volatility is around 7.46% movement. So with a more than 81% chance we can estimate that the current daily channel made with 0.42 open candle value, is going to be: TOP 0.42 + 0.032 -> aprox 0.453 BOT 0.42 - 0.032 -> aprox 0.39 At the same time, if we want to increase our probability, we can go for a IV of 10.92% With this we can achieve over the last 1400+ daily candles, a 89% probability. So in this case , our daily channel is going to be compressed within TOP 0.42 + 0.046 -> aprox 0.468 BOT 0.42 - 0.046 -> aprox 0.376 ---------------------------------------------------------------------------------------------------------------------
by exlux
pitty reliefMorning folks, Last week we said that we're not inspired with the BTC performance and called to stay aside from taking long position by far. Our long term view has not changed, as we think that BTC should drop more in mid term perspective. In short-term, market could reach 32-32.20K resistance area but we also see risk of downside continuation. First is, on daily chart you easily could recognize the pennant shape, which is potentially bearish continuation pattern. Overall upside action is too slow and choppy, showing no thrusting feature, which makes doubtful idea of upside reversal. In fact, we have two Gartley's potential patterns here. If it becomes the butterfly - market could complete COP target of AB=CD extension around 32-32.2. But, it might be only "222" Sell, with following appearing of daily downside butterfly... Currently whatever pattern you choose for the trading, you have to take the risk of anticipation because price action too choppy and no clear signs of dominance of any pattern. Fundamental picture stands not in favor of upside reversal.
COINBASE:BTCUSD
by Sive-Morten
No longs #2Morning folks, Fundamentally, crush of stock market recently, hawkish speech from J. Powell and J. Yellen and terrible US statistics keep us aside from any long positions by far. Technically - appearing of bearish grabber on Monday and tail close yesterday looks bearish. Besides, on the daily chart bullish trend by MACD and bearish price action suggest of existence of bearish dynamic pressure. On intraday charts market also has broken the natural way of upside action, ignoring even near standing targets. This makes us think that BTC very soon could return back to the lows. Maybe later we get some proper reaction on strong support area, but not yet. Those who have bearish positions since Mon - could keep them, just do not forget to manage the stop orders.
COINBASE:BTCUSD
by Sive-Morten
1
GBPUSD can move to the 0.618? 🦐GBPUSD on the daily chart is trading at the recent lows and tested the monthly support at the 1.21600. The price after the last bearish impulse might carry on with the retracement to the upside and break the resistance at the 0.382 Fibonacci level How can i approach this scenario? The market tested the 1.2500 area and is now trading below a minor resistance. I will look for a break of the structure and a possible test of the upper 0.618 Fibonacci level. ------ Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
6
GBPUSD can test the 1.2500 🦐GBPUSD on the 4h chart is trading at the recent lows. The price after the last bearish impulse might look for some retracement to the upside. How can i approach this scenario? The market tested the 1.2300 area and is now trading below a minor resistance in a descending channel. I will look for a break of the structure and a possible test of the upper confluence zone. ------ Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
6
No longsMorning folks, So, market is trying to show the reaction on our major 26K support area, but it can't succeed yet. First is, today we could get bearish grabber that suggests forming of the new lows. Second - by taking a look at 4H chart we could see that BTC was not able even to complete minor 0.618 AB-CD target, hits the nearest 3/8 level and keep dropping. On 1H chart you could identify skewed H&S pattern, but BTC has problems with it as well These moments keep us aside from taking any long positions by far. Bears could try to anticipate grabber appearing with the stop somewhere above 32K initially. But - control that price close today at current levels or lower. Otherwise you will have to out, if grabber will not be formed. That's the risk. Alternatively - wait for tomorrow. In longer term, we see rising risk of BTC drop below 20K area, reaching our next 12K target as Fed doesn't stop sucking liquidity out of all markets, where the cryptos are the primary source and has lost already 60% of capitalization. Correlation with NASDAQ stands around 95% that confirms everything that we said since the last year - investors treat cryptos like second quality stock and it falls under sell-off first.
COINBASE:BTCUSD
by Sive-Morten
1
GBP/CAD SHORT MOMENTUM POSITION ON DAILY TIME FRAMEThis is the position based on Edger trading system on daily time frame, This setup is 1:1 RR, entry has to be done on the candle close, the entry can be refined by your own knowledge. This is only for educational purpose and no financial advice. SELL STOP ENTRY : 1.58663 STOP LOSS : 1.62010 TAKE PROFIT 25% : 1.57827 TAKE PROFIT 50% : 1.56990 TAKE PROFIT 75% : 1.56132 TAKE PROFIT 100% : 1.55316 FOLLOW RULES: 1. IF TAKE PROFIT 25% HITS, THEN MOVE THE STOP LOSS AT BREAK EVEN AND CLOSE 25% OF THE POSITION. 2. IF TAKE PROFIT 50% HITS, THEN MOVE THE STOP LOSS AT 25% TP LEVEL AND CLOSE 50% OF THE POSITION. 3. IF TAKE PROFIT 75% HITS, THEN MOVE THE STOP LOSS AT 50% TP LEVEL AND CLOSE 50% OF THE POSITION. 4. IF FULL TAKE PROFIT HITS, THEN CLOSE THE TRADE AND ENJOY. ALSO, HIT LIKE, SHARE AND FOLLOW FOR MORE IDEAS. YOU CAN ALSO RAISE QUESTIONS ON TRADINGVIEW.
Short
by theEdger
2
USD/CAD LONG MOMENTUM ON DAILY TIME FRAMEThis is the position based on Edger trading system on daily time frame, This setup is 1:1 RR, entry has to be done on the candle close, the entry can be refined by your own knowledge. This is only for educational purpose and no financial advice. ENTRY : 1.29087 STOP LOSS : 1.27137 TAKE PROFIT 25% : 1.29574 TAKE PROFIT 50% : 1.30062 TAKE PROFIT 75% : 1.30549 TAKE PROFIT 100% : 1.31037 FOLLOW RULES: 1. IF TAKE PROFIT 25% HITS, THEN MOVE THE STOP LOSS AT BREAK EVEN AND CLOSE 25% OF THE POSITION. 2. IF TAKE PROFIT 50% HITS, THEN MOVE THE STOP LOSS AT 25% TP LEVEL AND CLOSE 50% OF THE POSITION. 3. IF TAKE PROFIT 75% HITS, THEN MOVE THE STOP LOSS AT 50% TP LEVEL AND CLOSE 50% OF THE POSITION. 4. IF FULL TAKE PROFIT HITS, THEN CLOSE THE TRADE AND ENJOY. ALSO, HIT LIKE, SHARE AND FOLLOW FOR MORE IDEAS. YOU CAN ALSO RAISE QUESTIONS ON TRADINGVIEW.
Long
by theEdger
AUDJPY back to to the 90s? 🦐AUDJPY on the 4h chart is trading above a 4h support. The price after the bullish impulse never provided us a retracement and tested after the recent high the 0.618 Fibonacci level. How can i approach this scenario? I will wait for the London market open and check for a possible break below the support area. In that case i will look for the application of Plancton's strategy and set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
18
26K target is completedMorning folks, Well, actually as BTC just has hit our long term target - it is not too much to tell about short-term situation. Now we avoid and short positions and wait for market reaction on strong support area. Particular speaking - what pattern will be formed around that let us to take tactical long position for the bounce. It probably takes few days. Supposed upside targets stand around resistance levels of 35K and the next one K-area. What is really interesting is a long term situation. As BTC confirms once again tight relation with the US stocks, and we expect miserable collapse of the stock market (that's actually already stands under way), chances of further drop of BTC in perspective of 4-6 months is growing. On monthly/weekly chart we already see rising bearish power. Next downside target stands around 12K. But if market drops there, hardly it recovers any time soon .
COINBASE:BTCUSD
by Sive-Morten
EURCAD looking up 🦐EURCAD on the daily chart is trading below a resistance level. The price after the long bearish trend found a bottom and is now looking for a retracement and tested the daily resistance a few times. How can i approach this scenario? I will wait for a potential break of the structure and in that case, i will move on the 4 h chart to set a nice long order according to the Plncton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
8
The road to 26K is openMorning folks, So, not occasionally we're skeptic on any tactic bullish setup. Thus, our recent intraday pattern even has not been formed, as market was not able to form the right arm of the pattern and collapsed not reaching the neckline. Thus, slowly but stubbornly we're coming to major 26K target. Actually BTC has no solid barriers on the way to it. Recent collapse has triggered the liquidation of miners' position as well. While BTC is coming lower - as more questions appears around final destination point. With the performance that we have on weekly chart, the 12K level doesn't seem like impossible anymore, especially in the light of our expectations of stock market collapse in nearest couple of months. That's being said, now we do not consider taking any long positions - neither for investing nor for speculative purposes. As BTC turns to extension mode, you could use most recent downside swing and its Fib levels to consider short entry. For instance, BTC could re-test broken support line, which also could be an option.
COINBASE:BTCUSD
by Sive-Morten
USD/JPY LONG MOMENTUM ON DAILY TIME FRAMEThis is the position based on Edger trading system on daily time frame, This setup is 1:1 RR, entry has to be done on the candle close, the entry can be refined by your own knowledge. This is only for educational purpose and no financial advice. BUY STOP ENTRY : 130.858 STOP LOSS : 126.952 TAKE PROFIT 25% : 131.834 TAKE PROFIT 50% : 132.810 TAKE PROFIT 75% : 133.786 TAKE PROFIT 100% : 134.764 FOLLOW RULES: 1. IF TAKE PROFIT 25% HITS, THEN MOVE THE STOP LOSS AT BREAK EVEN AND CLOSE 25% OF THE POSITION. 2. IF TAKE PROFIT 50% HITS, THEN MOVE THE STOP LOSS AT 25% TP LEVEL AND CLOSE 50% OF THE POSITION. 3. IF TAKE PROFIT 75% HITS, THEN MOVE THE STOP LOSS AT 50% TP LEVEL AND CLOSE 50% OF THE POSITION. 4. IF FULL TAKE PROFIT HITS, THEN CLOSE THE TRADE AND ENJOY. ALSO, HIT LIKE, SHARE AND FOLLOW FOR MORE IDEAS. YOU CAN ALSO RAISE QUESTIONS ON TRADINGVIEW.
Long
by theEdger
1