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Historicaltrends

Paramount (PARA) Flirting with Historical Support, Time to Buy?Hi Guys. As usual always on the lookout for Macro trend setups, signs and opportunities. PARA seems to be in a position of low risk trade setup. We have made it to a Historical Support level, where interactions here normally leads to bounces upward. Please note however that previous history does not mean it is 100% probable that it will repeat. HOwever, being in a downtrend for some time now. It is likely that there maybe DEMAND in this area. Its important to watch for signs of confirmation of Support. This weeks candle may show signs. It is a Hammer candle printing at the bottom of a downtrend since January. Lower wick indicates buy pressure or demand. Notice ABOVE we have a resistance trendline. Note if we bounce from here, that will be our area to watch. This resistance trendline has been dragging us down since April 2022. We could also be attempting to form a double bottom. Recently there is also an uptick in VOLUME, which can indicate support of the demand currently seen at this support lvl. Ive added 2 indicators. MACD shows that we have not reached ABOVE the 0 lvl in quite sometime. Hinting to the idea that eventually we will. Notice also the presence of Bullish Divergence with MACD and price action. Watch for the change in color of the histobars to light red. This will suppport the idea of waning bearish momentum. The presence of a bullish cross is also vital to watch for. Now notice RSI. Our current RSI as indicated by orange circle, shows flattening of the RSI. This shows buying is stalling the sell off. However, notice the rectangles highlighting previous flattening of RSI. There is a possibility of RSI continuing downward. An important sign for the RSI in my opinion would be if RSI can move above the resistance trendline. This thinking ahead, can coincide with breaking the Major resistance in price action. Regardless of what happens, right now we are in a critical area and pushes for observation. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on PARA in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:PARALong
by SafofAllTrades
1
Market to Drop SoonThe overall stock market is expected to drop in the near future. This will either happen Tuesday or Wednesday. The S&P 500 has some historical trends based on the indicators and trends in the indicators. With help from the Elliot Wave analysis we can see that wave 3 has nearly fully formed. But lets look at the indicators and historical trends. If you look at line A where in the past the RSI reached above 70 and only lasted 8 hours until it dropped. At Line B the RSI has just been above 70 for 2 hours. Does this mean we have 6 hours until the next decline? 4-8 hours is a more appropriate time range and that is just a couple of trading days. I have evenly reduced my personal portfolio today to lock in profits and not let my portfolio take the hit when the market drops as I am focused on hyper aggressive growth. When the market drops I will buy back in just in time for my portfolio to continue growing. Comment thoughts below!
SP:SPXShort
by Myantman101
4
DJI (1897 to 2022) log channel reality checkCharting all possible events is useful, however unlikely they may be. Logarithmic channel drawn from 1897. Overshoot in 1929 and symmetrical undershoot 1932. Throw-over and rejection 1987. DJI entered hyperlogarithmic growth post-1995. Bounce off channel top trendline 2009. Maximum downside from 2022 high (symmetrical undershoot): -90% loss - In "no bail-outs" scenario á la Great Depression. Validity of analysis: These are straight lines roughly drawn for 120 years of data from an arbitrary cutoff point, what do you think? Probability of risk: Unknown to uncategorizable.
TVC:DJI
by Smitty61
XAUUSD - History Repeating P3200MA invalidated my original P2 Theory on smaller TF of 45M. MA acted as support to hold price in the key 1700s supply zone. (So i'm still yet to take any positions) The temporary purple supply zone at 1723 has become a respected level for both buyers and sellers. A lot of consolidation / sideways price action seems to have built up around this level. With gold now breaking out of the falling wedge we are most likely going to see a wall form. Which is basically a range where buyer and seller momentum is similarly matched. Hence why you get less volatile swings with choppy price action. Gold in this state tends to trend more clearly bouncing around strong levels of historical price data as both buys and sellers have interests at these price zones. For me I will be eyeing 618. on the fib (1737) I feel gold will pick up bids if this level breaks-out since it's the mass Apr-Jun 2020 consolidation level. However alot of sellers will be eyeing this level to hammer down gold too since it has already rejected once (double or triple top ?). As it stands I'm moving to a neutral stance on Gold spot / U.S Dollar. I need more price action to form. XAUUSD is in a strong neutral zone with no clear path as of yet I feel price is just moving in waves IMO.
SAXO:XAUUSD
by KKirito
PREPARE NEXT WEEK FOR #PROFITABLE ENTRIES - INFY - 30MN - INDIAThank you for your likes! Please share to benefit everyone! Much appreciated! ____________________________________________________________ High potential of profitable entries next week as the INFY INFOSYS price has returned to its historical super strong line . This line has been reverting from powerful support to massive resistance line. The market has a high probability to go away from this actual point. This elastic movement could lead in the future to a new type of trend. Above the price, the first resistance R' which can become a pullback point . Same for under, the support S' which can be a point of pullback up . This showing a new ranging trend of the INFY. Breaks might happen: - If the market breaks the S' support line , we could observe a nice downtrend before observing a recovery back to the black center line. - If the market breaks the R' resistance line , we could see the market first testing the previous uptrend support line which will become a potential pullback zone. Keep in mind: The volume down there is important and has to be higher than the dotted line traced i n order to make a decisio n having better probability to succeed.
NSE:INFY
by Diallo_Charts_Ideas
August 2018: ONLY IF history repeats itself in this way...UPDATE based on last post: Using the 2013 to 2015 time-frame extrapolated into this wave's similar but shorter span, we should re-touch the previous all-time-high (approximately 19,500) by end of August or early September 2018. (Again, this is ONLY if history repeats itself) Recall from my last post: We keep seeing mirror images of the 2014 bear market playing out now. But what if (just if) it has indeed played out, but a bit differently from the common mirror images we've seen? As in this? *I know it's a long shot, but never know! (Isn't all TA long shot?) *As you can see from my recent days' posts, I have both bull and bear scenarios, this is just a bullish possibility... (so in a way "yes," TA doesn't predict) *ONLY IF this is true... that would explain the chop-chop limbo we're in right now. You'll notice that the 2014 reversal wasn't "dramatic" or quick or powerful... but a very gradual chop-chop till it reversed.
BITFINEX:BTCUSDLong
by junkofdavid2
2