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Hourly

Breakout Alert: VEDL is About to Surge!Despite a recent decline alongside major indices, VEDL is now showing significant strength. 📉➡️📈 Indicators suggest a bullish reversal is on the horizon. It has found strong support, coupled with increasing trading volumes. 📊 Positive technical signals, along with favorable market conditions, hint at a potential breakout. 🚀 Investors should keep a close watch as VEDL is poised to transition into a robust upward trend. 📈💼 A potential 1:2 RR trade. for more ideas, check out my profile😊📈 Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
NSE:VEDLLong
by Numan_SuriyaMohammed
look Out, ITC exhausting!ITC appears to be exhausting its upmove, signaling a potential downmove. After a strong rally, the stock is showing signs of overbought conditions, with technical indicators like the Relative Strength Index (RSI) suggesting a reversal. Additionally, profit-taking by investors and a lack of fresh buying interest could contribute to a downward trend. Market sentiment and external factors, such as economic data or sector performance, may further influence ITC’s price movement in the near term. View becomes invalid if daily close is above 515. Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
NSE:ITCShort
by Numan_SuriyaMohammed
2
Uptrend Resilience: Fib Bounce, Trendline Strength, and IntradayBitcoin Analysis: Hourly chart. The Bitcoin has been displaying a robust uptrend, marked by a bounce off the 38.2% Fibonacci retracement of the previous leg and a well-defined upward trendline. Bitcoin is currently in a clear uptrend, characterized by higher highs and higher lows. This bullish trajectory has been reinforced by a bounce off the 38.2% Fibonacci retracement level, showcasing the resilience of buyer interest at key technical levels. The recent retracement to the 38.2% Fibonacci level acted as a strategic support zone, attracting buyers back into the market. This bounce is indicative of the strength of the underlying bullish sentiment, as traders view the pullback as an opportunity to enter or add to long positions. Further contributing to the bullish narrative is the existence of a well-defined upward trendline. This trendline has been a reliable guide, providing structure to the upward movement and serving as an additional confirmation of the prevailing bullish momentum. In the ongoing hourly bar, a nuanced price action is unfolding. Despite a lower low and a lower high, the closing price is higher, suggesting a potential intrabar reversal or a dip in momentum. This development requires careful observation, and traders should await the closing confirmation for a more accurate assessment. Key Considerations for Traders: 1. Confirmation on Close: Traders should closely monitor the closing price of the current bar. A higher close could indicate a resilience of buying interest despite intrabar fluctuations. 2. Trendline Support: Keep an eye on the trendline support, as a breach might signal a shift in the prevailing trend. 3. Fibonacci Levels: Consider Fibonacci levels as potential support or resistance zones, especially in the context of the recent bounce off the 38.2% level. Volume Analysis: 4. Assess volume during this period to gauge the strength of the developing price action. Conclusion As the market navigates the current hourly bar, traders should exercise prudence and await closing confirmation to make informed decisions. The overall uptrend, reinforced by the Fibonacci bounce and the upward trendline, remains intact, and understanding the nuances of the current bar's price action is pivotal for strategic positioning in this dynamic market environment. Stay tuned for the closing confirmation, and may your trades align with the rhythm of this captivating market. Happy trading, and may the trends be ever in your favor!"
COINBASE:BTCUSDLong
by chartframe
Bitcoin Breakout Today?On the hourly timeframe there are some small developments with bitcoin that are nonetheless deserving of one's attention. Just prior to the weekend, BTC put in a low, followed by a dramatic move to the downside which put in a lower low. However, if we look to the Relative Strength Index, we can see that a low was also put in but after that, a higher low was painted. This of course would be referred to as bullish divergence. Over the weekend, while trading volume is low, the price simply consolidated sideways but the question now is are we due for a move to the upside off of this divergence on the RSI, or was the consolidation it? The price around 30450 has been stubborn resistance as we have tested it 3 times now since the divergence was put in. This of course is bearish, but... levels, as they are tested over and over again, typically break and give way the more they are tested. And if this level were to finally give in, it would not be a surprise to see a run to 30833 occur. This would be a nice target area for profit taking. But if 30450 can flip as support theres reason to believe that an attempt to push even higher would be in the cards. Keep an eye on this as the new trading week gets underway today. We have been ranging sideways for a while now but theres no reason one cannot capitalize on the opportunities that present themselves until this range is finally broken.
COINBASE:BTCUSDLong
by TradeVibez
AAPL Set To DropAAPL is set to drop based on multiple indicators on this hourly chart. Some key indicators to look at are: Divergence+ Sell signal. These signals are strong and have a high accuracy, so accurate the creator charges a subscription and as a retired options swing trader who does not currently use the indicator for personal use has made enough money off the script to pay for it the rest of my life. As a small trader ( <50k annual income and no starting investment funds ) has made tens of thousands of dollars with this script. I swear by their accuracy! The red cloud above the most recent candles is also bearish divergence, the outlined red is where the RSI is above 70 and the MACD also shows growing bearish divergence with plenty of room for the price to drop.
NASDAQ:AAPLShort
by Myantman101
Bitcoin 1 Hour: Exact Same DownslopeBitcoin's one-hour trend is showing the exact same downslope (degrees change with chart resolution, but the relative lines stay the same) as the chart demonstrated mid-April. This may indicate more trying times to come, at least in the short term. The make-or-break is still $27250. A fall below that critical support level might trigger a more prolonged downtrend. One the other hand, a run above $30000 is still the zone where I will enter longs. Happy Wednesday & happy trading! wbburgin
INDEX:BTCUSDShort
by wbburgin
AUDUSD bias 19th FEBSo we're back again for another AUDUSD breakdown. Following the idea posted last Sunday, we had some amazing bearish movements. CPI caused a slight deviation with our supply above, but held overall and delivered price lower. Coming into this week, we're looking at a pretty similar scenario. Price has broken down and left to clear areas one it is sitting in currently. After clearing minor imbalances and tapping into this supply area, we have now seen price start to deliver shorts on the smaller timeframes. It's a pretty simple breakdown for this week and I'm looking for clear bearish movements lower, with our target being the large demand area that has not yet been tested. Overall, I'll be looking for bearish movements pretty much from market open. But as always, we will monitor the lower timeframes to find our best entries to take this move if it's going to happen. Remember guys, if you like this idea, hit that boost button. Drop us a comment down below. Let us know what you think. As always guys trade safe, stick to your trading plan. I hope you all have an amazing trading week.
Short
by rosshayes
1
did we just flip bullish in the s&p500?we have retraced .618 from the initial drop in a counter bear trend pullback that has made lots of new longs, but a lot of signals remain sell. if we hold the .5 or continue immediately im long, and if we resist from the .618 and move lower im short. we could resist or support from lower horizontals, and im long/short on bounces from/resisting or breaks/trend confirmations of those levels. the highest im looking is just below the highs of this bounce (keeping in mind its counter to the longer term trend), and the lowest im looking is just above the lows of this pullback in the potential reversal. im not switching to heavy bear unless we start making new daily lows in this pullback, (around the $60 level here) then aiming for new 52 week lows, and im not calling this a reversal until we breakout and confirm a daily uptrend (in the $70 region). ive drawn how the hourly pattern could start its way here or there. my bias is short, but my strategy overall is more neutral at this juncture.
AMEX:SPXLShort
by cerealpatterns