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Dailylevels

DG Daily Levels Match Up Almost Perfectly with Fibonacci LevelsDG Replay of DG's Price Movement & Volume -13 October 2023 Dollar General (DG) gapped up and was up 9.16% on the day. DG's volume was nearly 3 x's the amount it was over the last 2.5 weeks. Daily Levels & Fibonacci Levels *The .38 retracement level on the daily is in confluence with the 116 daily level on the chart. The .50 fibonacci retracement level aligns with the 120 daily level. Also, the .618 (the reversal fib retracement level), is in confluence with the 124.85 daily level. I like when I see levels line up nearly perfectly with fib retracement levels 😃
NYSE:DG
by MrALtrades00
1
Market Reversal Fueled by Biden's Positive Remarks on US - NQM In today's trading scenario, we witnessed a fascinating turn of events. The market initially opened with a downward wick, touching the previous day's closing level and the London session's support. However, the tide swiftly turned, largely attributed to President Biden expressing positive sentiments about the avoidance of the US debt ceiling. This optimism sparked a notable shift in market sentiment. The levels I outlined at the open were as follows: Downside: 13505, 13483, 13460, 13430 Upside: 13540, 13575, 13600, potentially reaching as high as 13660. These levels served as significant benchmarks for today's trading. The upside, though, ventures into somewhat uncharted territory as we have not tested these areas since the highs of August 2022. As we tread these waters, it's crucial to remain vigilant and adaptable to the market's responses to macroeconomic news and global sentiment. Stay tuned as we continue to track the market's reaction to these crucial levels, and navigate our trading strategies accordingly.
CME_MINI:NQM2023Long
by Pablo_The_Latin_Trader
Support and resistance levels for Bitcoin 17 May 2022 BYBIT:BTCUSD These are the most Current Daily, Weekly and Monthly Levels for Bitcoin . **feel free to copy this chart for your own use** Support and resistance Definition (quoted from Investopedia.com) The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis . Part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction. At first, the explanation and idea behind identifying these levels seem easy, but as you'll find out, support and resistance can come in various forms, and the concept is more difficult to master than it first appears. Key Takeaways Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend. Support occurs where a downtrend is expected to pause due to a concentration of demand. Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply. Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement. Support and resistance areas can be identified on charts using trendlines and moving averages. (end of quote) Trading based on these levels, I would suggest entering trades based on a sign of strength (Long) or weakness (short) at these levels. Never use Levels on their own, but enter trades based on confluence - i.e. Chart patterns, order flow, indicators, market structure
BYBIT:BTCUSD.P
by zartraderguy
BTCUSD one last breath at major support! My overall bias has been bearish but having said that I trade level to level, day-to-day, and will change my mind if we invalidate key levels to take us out of the current bear market. BTC is showing bearish momentum and a very bearish market structure but that does not mean we can't look for longs. After the perfect .618 golden pocket rejection at 48k, we now have everyone in panic so this would be the best time to take a nice, fat long again. We're almost at critical support and it will be thoroughly tested IMO. What I can see coming up is a nice swing long at around the 38.4k range. Looking at TA: We have the golden pocket (yellow lines) of the ENTIRE uptrend. There will be tons of buyers in this range from 37.2k - 38.5k We have a daily level (blue line) of 38.1k Fib 1 - 1 extension (red line) gives us 38.4k for the move down and this typically gets completed as such. 4H - 8H RSI is very, very low and this suggests we've got more room to drop from where we are. Daily hidden bullish divergence if we maintain the 38k level and don't take out the wicks. I think we'll be bouncing in this channel I have created. We're currently halfway through. I'll share some more ideas below in the comments! NFA. Good luck!
BYBIT:BTCUSD.PLong
by christophergeeltrader
All camarilla timeframes BTC trade assessmentDaily levels hourly chart - if broken H4 and closing above it opens up H5 and would activate the weekly setup. If rejection here at H3 might be an intraday reversal to L3. Oscillation is alright but reaching high on hourly Weekly levels 4hour chart - With the Bounce from L3 and Pivot that typically means a reversal towards the H3 or above. I would wait for daily levels to confirm and play with caution due to oscillation being high and still room to go down. but mostly because of the note at the end Monthly levels Daily chart. - A breakout trade could be activated to H5 around 29k if H4 was broken with a daily close and conviction. The typical stop for this intra month setup is at the H3 however there is much risk. due to note at the end, wide stop damage, and the oscillation is quite high. Note. The developing yearly pivot point is currently calculated at 16k region. and every yearly pivot point ever has been tested and usually in Q1 after level is fixed. This puts much risk towards upside intraday and intra week plays. The typical ways to trade camarilla pivots. L3 to H3 is the projected range based on high low open close and range of previous timeframes. look for reversals on them to the other side with a stop on H4/L4. Breakout plays are the breaking of H4 and L4 with targets to H/L 5-6 with a stop on the level 3. good luck
by Gunslinger2005
1
QTUMBTC Daily S/R| Trend Trade|.50 Fibonacci |Range Mid point Evening Traders, Today’s Analysis – QTUMUSDT- breaking daily S/R after running liquidity, a long trade is valid for continuation. Points to consider, - Trend bullish (consecutive higher lows) - Daily S/R Flip retest (.50 Fibonacci) - Range Mid (Local Resistance) - Oscillators above 50 - Volume below average QTUMUSDT’s immediate trend is bullish with consecutive higher highs and higher lows, this gives us a bullish bias on the market. The current daily S/R is likely to be back tested for an S/R Flip retest. Holding the .50 Fibonacci will maintain the bullish structure. Range midpoint is local resistance that has been respected, price is likely to consolidate below this level before continuation. Both oscillators are above 50, this signals strength in the market, breaking bellow will be bearish. The current volume profile is below average, an influx is likely upon a back test, this will signify momentum picking up in the trend. Overall, in my opinion, a back test and hold of the .50 Fibonacci will allow for a valid long. Risk must be defined and price action to be used for discretion and management of the trade. What are your thoughts? Thank you for following my work ! And remember, “Trading mastery is a state of complete acceptance of probability, not a state of fight it.” ― Yvan Byeajee
Long
by AzizKhanZamani
USDCHF - nice buying opportunity soonWe can see that this pair is currently in a bearish run and pushing down. At the moment there is nothing for us to do we just need to be patient and allow the market to come to us. When price reaches the bottom line we know from previous price action that this should reject at this level and see a push up. When the time comes, we will check out the stochastic and see if it lines up with the rest of the analysis we currently have. If it doesn't we will still look to enter this trade as we do not use this as confirmation, we use it as an added point to our trading plan. Drop me a message if you are struggling with trading. Let's get you to where you want to be!
Long
by True_Forex