Simple box to look up down trendA simple box in 20 candle to monitor price
Top is the highest and bottom is the lowest of close in 20 candles.
As close is moving outside this box then the signal is up or down trend.
Code sample:
low_val = ta.lowest(close, 20)
high_val = ta.highest(close, 20)
//Create Box
box bx = na
bx := box.new(time , high_val, time, low_val, xloc=xloc.bar_time, bgcolor=color.new(color.aqua, 90), border_width=1)
box.delete(bx )
LOW
Logarithmic retrace predicts 10kI copied red trend line from all-time high of bull market 1 to bear market low to next 2 all-time highs. Bull market 1 retrace perfectly matched retrace of bull market 2. Now we are in bull market 3 and if we retrace the same as 2 previous bull markets we are on the way to 10k. I would expect rally before that, something like 30-40k then big dump to 10k... before halving...
Hurricanes and Home RepairIt is time to put LOW and HD on your radar for two reasons. One I like how the technical complex looks and the other is the fact a major hurricane is going to rip into Tampa, FL (where I'm at), or somewhere into the U.S.
In that same breadth it is imperative that we keep an eye on the Oil Stocks such as OXY and XOM, of which, I will be looking at and posting shortly with levels. One thing that is really striking is how the stores are already selling completely out of water this weekend, after visiting 8 stores and coming up empty handed. BUT, how will the country be faced with gasoline shortages as mass panic begins to strike into the human mindsets, fear, and much more. Especially with not knowing the exact placement of the hurricane and the strength of destruction as the country is facing record high inflation and the government is depleting the strategic reserves of our Oil. THEY will need to start buying the Oil off the market at a rapid pace before the price of oil begins to aggressively increase - thus fueling the demand for buying; causing a momentum spike in price action.
I will try to link all of those charts together for simplicity purposes.
My support/resistance lines are represented with the horizontal lines. You can use those as targets and/or entries for positions based on bounces of those areas or rejections.
USDJPY - SIGNAL ON 15 MIN [BUY]Pair Name: USD/JPY
Time Frame: 15 MIN
Analise Type: liquidity zones, order blocks
Reasons:
•Bearish trend but London session created a false breakout
•New liquidity created that hopefully will be reacted by the price
•Previous liquidity reacted well by the price
•Daily low created in London Session
Bitcoin 1W | The last bad monthsI see the current downward trend as the steps of building a new falling wedge in the weekly timeframe.
One of the key prices I see for Bitcoin is the range of $13,000 to $13,800 and I think the price will tend to this range.
I hope you are ready for a good investment .
A new low on EURUSD Yesterday we saw a breakout of 0,9950! Those are historical levels for this currency pair but that doesn't mean we shouldn't be looking for further continuation down.
We are now expecting to see price even lower. The next target is 0,9900 and basically the round numbers after that.
Entries could be made with aggressive stops and after any small pullback.
You don't even have to use a fixed TP but instead, you can have an open target and just move stops into profit every time price creates a lower structure.
LOW SELLLowe's, Home Depot, Restoration Hardware and this sector are overbought and ultimately going lower as we haven't seen the ramifications of higher interest rates, slowing economy, layoffs and everything else that comes with a severe recession. Bear market rallies are not to be bought! LOW is overbought on several time frame charts and indicators. Purchased 25 August 5th $185 puts will add on share price increase
Aproaching the bottom of a major 40M nominal wave in BTCWe are moving closer to the expected bottom of 3rd harmonic (13M) of the major 40M wave.
Although we have seen some bounce, we seem to have already broken Valid Trend Line for a short 5W and 10W waves, the VTL of longer bands like 20W and 40W wave have not been broken yet. We will be looking forward to have both 20W and 40W Valid Trend Lines broken - the confirmation that the bottom of those two waves have passed.
That will let us assume that the major 13M/40M bottom is already behind.
Our target price is 11-13k USD coming 10th of August.
Lowe's Companies, Inc. (LOW) forecastAfter the housing market is starting to see the impact of higher mortgage rates, LOW`s earnings beat and revenue which fell short of expectations aren`t enough to keep the stock price up.
I expect a retracement to the pre-pandemic level of $129 by the end of this year.
Looking forward to read your opinion about it.
EURNZD Short Term Sell IdeaH4 - Price has reached a key resistance zone .
Bearish divergence.
H1 - Bearish divergence.
Until the key resistance zone holds my short term view remains bearish here.
If the price breaks below the low at 1.65660 with momentum we may then consider it as a validation for this short term bearish view and may expect the price to move lower further.
US DOLLAR - Seniorage104.55 presents some issues for the perennial DX Bears.
Will it arrive, we've been suggesting as much for months on end.
It is quite often Gold Bugs who cheer the Dollars demise, without
realizing Gold has moved up with the Dollar.
Why?
Curious is it not, but the answer is simply Fear.
Projecting what should never be... is not a winning trade in Fear.
We are reaching the later stage of Capitulation, extreme volatility
signals this event.
Tomorrow will be interesting as the MAY VIX Futures left several micro
Gaps below @ 29.24 and 30.05.
Is the end near?
Yes, it is quickly and violently approaching.
We will be watching the ES reaction @ 3949.50.
Trade safe and good luck~!
HK
A new low and a possible pullback in the last day of the month We see a new low on EURUSD every single day. Today, we're expecting the same.
In case price breaks below the previous low, we will be looking to close all short positions.
After such a move, there's always a time when the big players collect profits and close their positions.
That usually creates a pullback.
This is not going to reverse the trend but it will actually give us a better entry level for a continuation of the main trend.
Good luck!