EURCHF Wave Analysis 21 November 2024
- EURCHF under bearish pressure
- Likely to fall to support level 0.9250
EURCHF under the bearish pressure after breaking the support zone between the support level 0.9335 (which has been reversing the price from September) and the 61.8% Fibonacci correction of the upward price move from August.
The breakout of this support zone accelerated the active minor impulse wave iii of the higher order impulse wave (3) from May.
EURCHF can be expected to fall further to the next support level 0.9250, former strong support from January and August.
M-oscillator
bullish xrp
Here's a polished version of your analysis in English that you can share:
XRP Analysis: Potential 20% Rise
Hello my friend,
XRP is looking strong right now, and it’s time to keep an eye on it. We're approaching a key breakout point, and after that, we may see a retest of the breakout level. This could provide a perfect entry opportunity.
Key Points to Watch:
Breakout Setup: XRP is nearing a critical level where a breakout is likely, which could trigger a significant upward movement.
Retest Opportunity: After the breakout, watch for a retest of the breakout point, which will confirm the trend and present a good buying opportunity.
20% Upside Potential: Based on current technical indicators, there's a high probability that XRP will rise by approximately 20%.
Stay alert and monitor the market closely for the next moves!
CYCLE 4 | Realised Price Oscillator & Overlay - DETAILEDThis post is intended to be used with an earlier interactive companion post, crated to observe BTC's interactions in prior cycles so we can take learnings into cycle 4 with respect to BTC's under and over extensions of the calculated Realised Price.
A quick refresher - What is Realized Price?
Source: www.bitcoinmagazinepro.com
"Bitcoin Realized Price is the value of all bitcoins at the price they were last transacted on-chain, divided by the number of bitcoins in circulation. This gives us the ‘average cost basis’ at which all bitcoins were purchased, which is another way of describing Realized Price."
The above relationships have been incorporated into the Overlay and Oscillator indicators developed for this post to use into DCA accumulation and sell strategies.
Historic Observations
As per the above prior post, we see BTC enters a cycle topping and bottom phase when BTC's 'Realised Price' enters the top red and bottom green over extended regions of the normalised Oscillator and the Red and Blue Extension lines of the Overlay indicators.
We see historically the Oscillator shows the region where price moves with high volatility and other indicators that rely on divergence can extended much further than in other periods in the cycle before a true change in trend is achieved. In 2021 Overlay indicator (RED Line) was breached many times before we put in a significant trend change and the ultimate cycle top was realised at the second peak interestingly at the lower 'Purple' extension line November of that year.
CYCLE 4 Update
Where are we now according to the Realised Price Overlay and Oscillator indicators... Based on historic review of BTC relationship suggests we are about to enter the parabolic region of this cycles (Oscillator is about to enter into the 'RED' zone and Overlay indicator has breached the Purple line and is between the Red and Purple line).
Interestingly this relationship aligns with our cycle mapping posts, looking at BTC historic behavior since cycle bottoms and tops and BTC price targets based on Fibonacci extensions.
CYCLE 4 | Realised Price Oscillator & OverlayThis post is intended as an interactive companion post with a 'to follow' detail post for historic analysis.
I want to explore the relationship with BTC and Realised Price, and historically where we have seen cycle over bought and sold regions based on extensions from calculated realised price values.
What is Realized Price?
Source: www.bitcoinmagazinepro.com
"Bitcoin Realized Price is the value of all bitcoins at the price they were last transacted on-chain, divided by the number of bitcoins in circulation. This gives us the ‘average cost basis’ at which all bitcoins were purchased, which is another way of describing Realized Price."
The above relationships have been incorporated into the Overlay and Oscillator indicators developed for this post to use into DCA accumulation and sell strategies.
I will follow this post with a zoomed version for detailed discussion.
Gold - Wave 5, plus CCI and RSI confirmationAt the trough we had the RSI close to oversold, and we can say that CCI showed an oversold condition.
The CCI that measures the deviaton its smoothed with an 14-ma and adding the RSI above we have the market confirmation.
The candles formed three white soldiers that seems very strong.
We are in the beginning of wave 5 with the objective to go to a new high above wave 3.
Treasury yields at a crossroads? The implications for marketsThe long end of the US Treasury curve has been influential for FX markets recently. The rolling 10-day correlation between US 10-year yields with the DXY, EUR/USD, GBP/USD, and USD/JPY is either strongly positive or negative. Even gold shows a notable -0.73 correlation, highlighting the influence of long bonds on broader markets.
Given the inverse relationship between bond yields and prices, it’s no surprise that the correlation between 10-year yields and 10-year Treasury futures (shown in orange, left-hand pane) has been nearly perfectly negative over the past two weeks.
In terms of directional risks for yields moving forward, the right-hand pane showing US 10-year Treasury note futures is instructive. The price remains in a downtrend, repeatedly rejected since being established October. If this trend persists, it signals lower prices and higher yields.
That said, with the bullish hammer candle from the lows last week, coupled with RSI (14) and MACD which are providing bullish signals on momentum, you get the sense we may be in the early stages of a turning point.
If we were to see the price break the downtrend, resistance may be encountered at 113’00, a level that’s been tested from both sides in recent weeks. If that were to give way, it points to an environment of a softer US dollar and kinder conditions for longer duration assets and commodities.
Good luck!
DS
Merck & CO Inc: MRK oversoldIt's a cypher like bullish pattern with measurements close to an ideal cypher i.e. 1.5 per cent discrepancy, but I am looking at a broad timeframe over last couple of years. assuming it is bottoming these days around 95 it should bounce back to around 120 i.e. fibo .618 of the cd leg. - at least!
main oscillators i track indicate oversold on day, week, month TF
Coca-Cola Wave Analysis 20 November 2024
- Coca-Cola reversed from support level 61.35
- Likely to rise to resistance level 64.00
Coca-Cola earlier reversed up from the support zone between the pivotal support level 61.35 (former monthly high from February and March) and the lower daily Bollinger Band.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star, which started the active minor ABC correction (ii).
Coca-Cola can be expected to rise to the next resistance level 64.00, which is the target price for the completion of the active wave ii.
GBPUSD Trade PlanChart shows a bullish divergence between price and RSI, alongside an inverse head and shoulders pattern, indicating a potential bullish reversal.
The trade setup suggests a buy stop above the neckline at 1.27268, with a stop loss at 1.25861 (below the lower low).
Profit targets are TP1 at 1.28680 (first resistance) and TP2 at 1.30080 (higher resistance).
Ensure confirmation with a strong breakout above the neckline.
Partial profits can be taken at TP1, moving the stop loss to breakeven for a risk-free trade.
If the price closes below 1.25861, the setup is invalidated, and no entry should be made.
UK inflation report to provide fresh GBP/USD setupsGBP/USD would likely be a lot higher heading into today’s UK inflation report if not for the Ukraine headlines yesterday. The bullish pin coming a day after a bullish engulfing candle says as much, reflective of plenty of willing buyers below 1.2613.
With RSI (14) breaking its downtrend and MACD looking like it may soon flick higher, momentum also looks to be in the early stages of turning, adding weight to the price signals over the past two sessions. While the near-term bias is bullish, entry for potential longs will be determined by the UK inflation report due out shortly.
The annual headline rate is expected to accelerate to 2.2% from 1.7%, although traders may want to put more weight on the core and services figures given noise created by base effects. The former is seen easing a tenth to 3.1% while services is tipped to remain sticky at 4.9%, reflecting the impact of continued strength in wages growth.
However, domestic factors have not been highly influential over GBP/USD moves recently, as demonstrated by the extremely tight inverse relationship with US benchmark 10-year US Treasury yields over the past fortnight.
If the relationship persists, use the reaction to the report to evaluate the merit of setups.
If we see a dip towards 1.2613, you could buy with a tight stop beneath for protection. 1.2720 would be the initial target with 1.2803 the next after that. Another option would be to wait to see whether the price can break above 1.2720, allowing for longs to be established with a stop below. 1.2083/200DMA would be the first target. Beyond, the uptrend dating back to May is also on the radar. It’s found around 1.2930 today.
If the price were to break and hold below 1.2613, the bullish bias would be invalidated.
Good luck!
DS
ZSL/JDST: Potential Long OpportunityZSL/JDST pair is signaling a Long position at the close of yesterday, supported by multi indicators, suggesting a promising opportunity.
ADX : Indicates no trend at present, and a quick look at the daily chart confirms it.
Correlation : remains very high in the last few weeks.
Close price : closed below lower BB.
Historical test : I would be happier with more historical opportunities in the last few months to test, but generally it seems okay.
USD/CAD: Eyes on inflation as reversal sets stage for downsideThe Canadian dollar delivered a reversal signal against the greenback on Monday, with USD/CAD printing a bearish engulfing candle on the daily chart. After trading within an uptrend since early November, this suggests directional risks could be turning, even if momentum indicators like RSI (14) and MACD are yet to confirm.
USD/CAD briefly tried to bounce during the Asian session but stalled at 1.4034, the low from last Friday. For those considering shorts, this level provides a decent setup, allowing for entry beneath with a tight stop above for protection.
To make the trade stack up from a risk/reward perspective, it will require the price to break minor support at 1.4003 first, opening the path toward 1.3959, a level that acted as resistance in late October and early November.
Today’s inflation report is a standout in a slow global data week. The annual CPI rate is expected to climb from 1.6% to 1.9% in October, nearing the midpoint of the Bank of Canada’s (BoC) 1-3% target range. Core inflation, which is the average of Statistics Canada’s trim and median CPI readings, is expected to print at 2.4%, slightly above September’s pace.
With the BoC forecasting core inflation of 2.3% by December, a result in line with market expectation should do little to diminish the view that further rate cuts are in the pipeline. However, an upside surprise could see the BoC start to slow the pace of easing. Such an outcome would improve the prospects of the trade succeeding.
Good luck!
DS
TOP 10 BEST TRADINGVIEW INDICATORS FOR 2025In this video, I show you all how I use some of my favorite TradingView indicators for my trading & investing strategies & explain how these can be the most powerful tools in your arsenal if you are a trader or investor!
My Top 10 TradingView Indicators are also Below:
1. CM_Ultimate RSI Multi Time Frame by ChrisMoody
2. Death Cross - 200 MA / 50 Cross Checker by MexPayne
3. Gaps
4. Indicator: WaveTrend Oscillator by LazyBear
5. Moving Average Convergence Divergence (MACD)
6. Pi Cycle Bottom Indicator by Doncic
7. RCI3lines by gero
8. Stochastic RSI
9. TDI - Traders Dynamic Index by JuanManuelOrtiz
10. True Strength Index
EURUSD Wave Analysis 18 November 2024– EURUSD reversed from long-term support level 1.0500
– Likely to rise to resistance level 1.0620
EURUSD currency pair recently reversed up from the major long-term support level 1.0500 (which has been steadily reversing the price from the start of 2023, as can be seen below), standing close to the lower daily Bollinger Band.
The support level 1.0500 level was further strengthened by the lower daily Bollinger Band.
Given the strength of the support level 1.0500, oversold weekly Stochastic and the strong US dollar bearishness seen today, EURUSD currency pair can be expected to rise to the next resistance level 1.06200, former support from the start of this year.
XCN + 333%? X4 IS WAITING FOR IT IF THIS CONFIRMS.Last time Onyxcoin (XCN) had a Bullish divergence on RSI and make a Golden cross. it made a +383% in 5 waves making the 1st wave on the bigger cycle. (152 ds).
Wave 2 a correction ( 152 ds), corrects as Elliot says to the 4th of a minor degree.
And now that the Wave 3 seems to start, we break the descending channel and made a Golden Cross. We have the bull impulse until Feb/Mar 2025.
To confirm this we need the break out on the RSI.
And remember that Wave 3 usually is the strogest of all, we will find out on OCTOBER ;)
Cheers!
AUDUSD rebound hinges on US yield stability, China market upsideWhile AUD/USD has maintained a strong inverse relationship with US Treasury yields across the curve over the past fortnight, the connection is weaker compared to its link with China-related variables over the same period. This suggests that any rebound in the Aussie this week may require not only stability in US rates but also a recovery in Chinese sentiment and markets, especially with no major Australian data due for the remainder of November.
The daily candlestick pattern in AUD/USD will form a morning star if prices can grind towards the session highs during European and North American trade. RSI (14) is diverging from price, signalling shifting directional risks and potentially increasing the odds of a bullish reversal.
Topside levels to watch include 0.6480, former downtrend support at 0.6505, and 0.6513 – a break above the latter could pave the way for an extended rally. On the downside, 0.6441 is a level to watch, offering a potential setup where longs can be established with a tight stop beneath for protection.
Boxing Matches, Chart Patterns, And The 3 Step SystemIn this video we look at the following:
1.Catalyst News
2.Rocket Booster Strategy
3.The #1 CandleStick Chart Pattern
Watch this video to learn more.About NASDAQ:NFLX
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Alt seasonIf marketcap crosses 280.127B in this weekly candle we have next level at 343.87B so might see a rally however might be short term given the stochrsi level. shoul comeback to retest this level given if 280.127B market cap is exceeded. be patient with your trade with altcoin till this candle is pinted
PNSC - PSX - Technical Analysis - Buy CallOn Daily TF, Price has seen a steep bull run of 4 days. Then retracement of 5 days and now price is in distribution phase for the last 10 days. This is a good sign for another bull run.
Hidden Bullish Divergence on RSI is also present which also confluence a sharp increase in price.
KVO is just below zero (in bear run) but turning upwards. Blue line (Oscillator) is about to cross green line (trigger) as well. Therefore, one can enter in trade immediately at Market price or technically correct value at 291.50.
Therefore, Buy trade should be :-
Entry (Buy) : 291.50
Stop Loss: 269.50
TP1: 320
TP2: 383
NIFTY50.....Not done to the downside!Hello Traders,
the NIFTY50 has plunged to 23484 at the low, and 23532 on a closing basis!
Thursday's candle, which was bearish, closed at 23509. Friday's open was at 23542. If Monday's candle will opens with a gap to the upside, the stage will be set for a "Morning star", a bullish Candlestick formation. We will wait for Monday and see how the candlestick turn out !
While Wednesday's candle exactly declined to the lower boundary of the rectangle, Thursday Market drop below and declined clearly. The next day, the market has not the strength to return to the lower boundary for a test! This behavior is bearish to interpret!
The bears need to know, that a weakening open on Monday should open the door to a more or less "sell-off" with a first target at or around 23342 range (area marked with the blue trendline)!
From a classic view to interpret, there is no buy signal for advance!
Price dropped off the Bollinger bands and failed to jump back into it.
The "MACD" and the "Slow stochastic" even too!
The EW count remains unchanged, and we wait for clear signals to one or the other direction.
Have great weekend.....
Ruebennase
Please ask or comment as appropriate.
Trading on this analysis is at your own risk.
$SPY November 16, 2024AMEX:SPY November 16, 2024
For a change target came without much of drama.
Could not short the previous day. So had no trade.
For the week:
5 Minutes:
We had multiple LL and managed to close HL HH pattern.
Oscillator divergence can be seen.
9,21, 50 averages converged.
So, expecting a bounce to 589 - 592 levels being 100 and 200 averages.
200 averages in 5 minutes could be a good level to short.
SL 592.75 being 23.6% retracement for the rise 567.86 to 600.17.
15 Minutes:
We can see a consolidation going on last 15 bars or so.
Downtrend intact as below 50,100 and 20 averages.
Again 590 to 593 represents 50 to 200 average range in 15 minutes too.
60 Minutes.
Took support at 200 averages.
For the fall 600.17 to 583.86 593-594 is a good level to short. it represents 61.8% of retracement for the fall.
Daily:
Took support of 21 average in daily.
Holding 580 is important to continue uptrend taking the last rise into consideration from 567.89 to 600.17.
If 580 is broke next support is 575-576 levels.
It also represents 23.6% retracement for the rise 539.44 to 600.17.
So next week range is
Go long with SL 583.5 for 590-592 as target.
or go short below 580 for 576+ as target SL 581.5