Demand Zone
SP500 Correction Alert: Supply&Demand, Ichimoku & Trend AnalysisHello friends,
SP500 is going to experience a rough patch in 1H timeframe.
as shown in the chart, two long term and short term upward trend lines are broken .
also from an Ichimoku point of view, conversion and baseline have crossed downward with a red Kumo cloud switch and the price is below the kumo cloud. this is one the most powerful Ichimoku signals.
so its probably very wise to close all speculative long positions if you have any, meanwhile I suggest opening a short position with stop loss at: 4020, and take profit at 3730 which is the next demand zone and is marked by an order block . this short position has the risk to reward ratio of 2.6 .
Please manage your risk responsibly and make informed decisions.
Good luck!
The big silver move into 2023Lots of interest in silver again with just a few weeks left of 2022.
some interesting news about India's demand and COMEX, go check it out.
pull back to support S1 or S2 (extreme), then upwards to break yearly highs and possibly more!
watch the news, that's when u will look to sell x
merry xmas and happy new year
GBPUSD Short opportunityAs usual, GBPUSD is doing a lot of flick-flacks and spikes before changing direction. However, ignoring these short-term noises, the image is pretty clear with the pair facing a strong resistance level and nothing to support further rise from a fundamental point of view. That being said, in my opinion, GBPUSD will reverse soon and fall to at least 1.2 zone, so rallies should be sold. 1.23 zone should cap gains very well and yesterday's high could offer a good place for stop loss
Ethereum 3D Elliot waves with demand zone analysis hello friends,
as you can see on the chart, we have a solid downward 5-waves movement and since the wave 4 of the Elliot waves theory is already completed, we should wait for the 5th wave to mature to find the bottom.
I believe the market will continue its downward 5th wave and the best demand zone for the wave completion will be 550-640 order block . so if you want to invest in Ethereum the best support zone is yet to come and if you be patient enough you will get to buy it on very attractive prices.
Setting orders on the mention order block (550-640 USDT) with a stop loss of 490 to prevent from being stopped out on sudden market movements is a proper investment strategy for Ethereum.
Please manage your risk responsibly and make informed decisions.
good luck!
🔴 DOT - Are You Patient?Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DOT has been overall bearish for a while and it is now approaching a strong weekly support and round number 5.0 in green.
DOT is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing.
For the bulls to take over from a long-term perspective , we need a break above the channel and last major high in gray.
Meanwhile, until the buy is activated, DOT would be overall bearish and can still trade lower inside the 4.0 - 5.0 support.
In this case, as price approaches the support again, we will be looking for short-term buy setups.
From a short-term perspective , for the bulls to take over, we need a break above the previous minor resistance in orange.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTCUSD - short term upside potentialBITSTAMP:BTCUSD has been trading in a downtrend for quite a while and had many investors worried. It is still in an overall downtrend but looking at lower timeframe, it seems to have stalled for now and looks like it could make a short upside move if it succeeds in breaking the resistance level.
On a daily timeframe, price is consolidating near the resistance level 17240. Volume is also gradually decreasing.
On 3H timeframe, price is making a triangle pattern and almost ready to breakout from it. You can also notice reverse head and shoulder structure and upside price moves with volume spikes. It indicates a presence of demand and we could see a nice short term move up to 18150.
Share your thoughts in the comment sections. Happy and safe trading! :)
AUDJPY Swing long from support 100 pipsWelcome back! Let me know your thoughts in the comments!
**AUDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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XAUUSDGold may continue to correct on Monday and Tuesday until 0.5 or 0.618 levels and give mid week reversal later.
In 1730 area lies a promising chance for this bullish trend to continue.
My overall TP is the supply zone of approx. 1795-1803. From there we will see...
Below 1700 I will revise my view.
DOCU LongRSI divergence
Demand Zone
Wedge breakout + retest
Earning 12/02/2022 Est. 0.42
Entry 43.5
Stop 39
Target 56, 75
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
XAUUSD - daily bullish setupHello everyone! Gold seems to create another daily impulse on this uptrend, after retesting the EMAs and the previous resistance turned in support now. The price action is bullish on 4H and W as well, closing above the EMAs on all timeframes and retesting the previous resistance on 4H. Another confluence factor is the MACD indicator which also indicates a bullish move, so combining all the factors, we can expect the price to go up to at least 1801, which is the weekly resistance.
Volume Profile on NZDUSDDrawing volume profile on the given trend gives us HVN's to consider as buying zones. our first HVN is marked with blue rectangle in addition to that we can see base candles there." if you are familiar with RTM terminology." So that level could be a valid long zone.
Second zone is our POC level which still could be a valid long zone.
Be Sure to watch for news (PCE, unemployment claims, PMI ) during the US session as they could severely impact the market.
Crypto Market Cap: The Next TOTAL Bull CycleCrypto Market Cap ( TOTAL CRYPTOCAP) works hand in hand with the next GOLD: the one and only king Bitcoin (BTCUSD).
In the Bullish Idea I posted for BTC, I was saying that BTCUSD will start flying to $250K and + , once the Supply Zone at $10K is met.
Bitcoin Weekly:
TOTAL (Crypto Market Cap) has the same pattern.
So, no matter how many coins and tokens are out there, there is only one king: BTC!
In case you're wondering, TOTAL2 and TOTAL2 are moving the same.
All eyes on Bitcoin!
I am bullish on the Crypto Market, and have good reasons.
When the :poop: will hit the fan with the Fiat Markets, the Crypto Revolution will start.
Crypto Market Cap ( TOTAL ) Technical Analysis:
* Elliott Wave A-B-C Pattern
* Harmonic Pattern: Bullish Cypher
* Ending Diagonal
* Bullish Divergence
* Fibonacci Retracement: 88.6%
* Demand Zone
Good luck my fellow HODLer!
Richard, the Wave Jedi
INJ Short term trade ideas INJ in the shot term is looking to fill the orange imbalance/footprint areas.
Using tight stops in case these areas fall through suddenly. like in footprint one where price has already reacted twice off of that level so should that support fail, footprint 2 should offer support and a short term bounce back up into footprint 1 area.
The best time to invest in crypto? 💰Hello everyone 💙
When is the best time to invest in crypto?
After full targeted pervious analysis it's a good time for add a new analysis for the next move.
There is a high probability that the Bitcoin will fall further. I think Bitcoin's price could still hit $10k - $12.4k zone.
After hit the zone, it's a good time to invest in crypto for long term.
There are several possible ways for next crypto moves, and it's depended on Macro decisions.
So, I reveal my plan for a cheap purchase but don't forget "The Market Structure Is The King!" and if the market shifts, my analysis will also change.
EURAUD Intraday Buy from DemandWelcome back! Let me know your thoughts in the comments!
**EURAUD Analysis - 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.
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Brian & Kenya Horton, BK Forex Academy
CADJPY - Bullish GartleyA Bullish Gartley Pattern on the daily chart conflicted with the Key Resistance Level at the 4-hourly chart. This is when experienced and rule-based trading becomes handy.
With all my filters and experience, the Gartley Pattern has a better chance of being a profitable setup. 103.42 would be a better fill for the trading setup.
USDJPY-Weekly Market Analysis-Nov22,Wk5You have seen how the Fib Extension work in an amazing manner(check out related ideas within the tradingview post USDJPY - Fib Extension) it will allow you to capture 149pips of profit just by doing that.
My analysis on USDJPY remains bullish; one of the most aggressive engagements is to wait for the market to retest on the trendline; the stop should go below the previous structure low with our special buffer calculation.