EURUSD, Major Head-Shoulder-Formation, Completion Incoming!Hello Traders Investors And Community,
Welcome to this analysis about EURUSD, we are looking at the weekly timeframe perspectives. The pair recently already showed up with initial bearish volatility on the local perspective that should not be underestimated. Besides that as I discovered now EURUSD on the more global weekly timeframe perspectives has established this major head-and-shoulder-formation with the left shoulder and the head already completed, the volume also matched so far with the left shoulder setting up the volume while the top of the head did not reach the volume formed in the left shoulder followed by increased volatility with also increased volume to move on with the right shoulder in the structure.
Taking these factors into consideration and with the fact that EURUSD is now also below the 20-EMA marked in red in the structure, the head-and-shoulder-formation is likely to complete within the next times with the right shoulder and the breakout below the neckline. This will be the confirmational setup finally completing the formation and activating lower downside targets within the 1.308 to 1.372 level. When EURUSD reaches these levels it has to be shown if it manages a stabilization from there or continues further bearishly. For now, the bearish perspective should not be kept by side as the head-shoulder-formation has a high possibility to complete within the next times, it will be an important development.
In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best!
"The key to success is to focus on goals, not obstacles."
Information provided is only educational and should not be used to take action in the markets.
Market
MSFT, Breakout Of Flag-Formation, Possible Continuation Ahead! ________________________________________________________________________________________________
Hi Traders, this is a signal I give to you for free today. Support will be great with a like and follow when useful.
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It has recently broken out of the bull-flag formation, therefore the price has some potential to move higher.
The minimum target is 225 but has more room.
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ENTRY: 210-215
MINIMUM TARGET: 225
STOP LOSS: 197
MINIMUM RISK REWARD: 1
REASON: Bull-Flag Breakout
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In this manner, thank you for watching and support for more market insight.
Information provided is only educational and should not be used to take action in the markets.
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BERKSHIRE, Weaker Than Rest Market, Provides Possible Bear-Flag!Hello Traders Investors And Community, welcome to this analysis about recent events, the current price-structure and what we can expect the next days and hours from BERKSHIRE one important stock under the 10 biggest in market cap in which I found important and significant signals which will determine the further outcome sustainable. As the overall market recovered from the corona-breakdowns this year a major part of the market is at its all-time-high level which is not the case with BERKSHIRE as we it is providing a weaker picture than the average market this can increase the next times when BERKSHIRE due to expanding possibility for a new corona-wave and the resulting restrictions which can affect the market meaningful therefore we are looking at the 4-hour locally timeframe.
As you can examine when looking at my chart is that BRK.B is trading in a huge parallel channel that is marked with the blue lines and since the main average market recovered from the corona-breakdown BRK.B just provided a consolidational phase which can end up in a bear-flag when confirmed properly. As the stock trades below the important 100-EMA which you can see marked in my chart in green, this is a significant local resistance level which will be highly likely confirmed as those when touched in this level as you can see the outcome pronounced in my chart after this scenario has played out we can expect the stock to test the lower boundary of the huge possible bear-flag in which it is trading currently.
After the stock has touched the lower boundary a third time we can anticipate that it sets up to form the final wave E of the possible bear flag wave count which will complete the count at the bearish confluence-cluster you can see marked in my chart in red, this level is building a logical resistance with the rising trendline in light-blue, the upper boundary of the channel and the 800-EMA in black. These factors make the zone between 208 and 212 a strong resistance zone and it is within the high likelihood spectrum that it will be confirmed as such one when touched in the area. After this has happened the stock can confirm the bear-flag to the downside when there do not come any bullish signs which will invalidate this scenario further.
Overall we have an unstable situation within this stock at the moment as the average other market is near its peaks BRK.B is consolidating far below these price-levels. As we have seen higher volatility to the downside in the market due to new upcoming corona-fears this can increase the next time and provide a more bearish environment also in the rest of the market, therefore, this scenario shouldn't be ignored and kept as the more possible one at the moment when there do not come any other bullish signals which will increase the likelihood for a more bullish environment again. Therefore we should be prepared for a possible continuation to the downside and take proper action when it happens to take profit out of possible opportunities arising out of it.
In this manner, thank you for watching, support for more market insight, good day, and all the best!
The ambition to transform opportunity into gold remains the most significant tool for a trader.
Information provided is only educational and should not be used to take action in the markets.
WTI OIL, Establishes Major Triangle Formation, Next Steps Ahead!Hello Traders Investors And Community, welcome to this analysis where we are looking at CRUDE OIL 4-hour timeframe perspective, the recent events, the current formational-structure, and what we can expect from CRUDE OIL the next times. As CRUDE OIL has recovered from its breakdowns seen this year to almost 0.00 USD which I mentioned the day this historical OIL crash happened we need to see if this recovery is serious and healthy on or if it just moves to note at lower levels again. As many experts stated such a major oil breakdown can happen again when the supply and demand balance does not move sufficiently and such shocks happen again. Furthermore, I detected some interesting and worthwhile technicals in the 4-hour chart which can determine the further outcome and go on to affect it also in the higher timeframes.
As you can watch in my chart marked with the blue lines CRUDE OIL formed a major rising-triangle-formation with several confirmations of the higher and lower boundary where it recently confirmed with a protracted bearish move below the lower boundary which overall confirms this formation which is normally a bearish one and therefore more downside, furthermore, it is possible that CRUDE OIL forms some up-moves the next times to confirm the lower boundary as you can watch it marked in my chart before going on to look for downside targets. In this case it is important that CRUDE OIL shows bearish signs when the lower boundary has touched and moves to continue downside otherwise it can move higher and possibly invalidate the triangle which is not high at 30 % possibility but it is given therefore it should not be ignored.
As you can watch also marked in green in my chart the 100-EMA which held the bullish trend to the upside now broken to the downside and therefore another validation for bearishness in the short-term. When CRUDE OIL falls below the 800-EMA marked in black also this can cause more bearish pressure and activation not only of the minimum-target-zone you can mark in my chart but also of lower levels. This formation structure can be traded either with immediate aggressive entry or conservative after the confirmation has occurred as there is still a small possibility given that the triangle invalidates the best way will be the conservative when the decisive confirmation has occurred. When CRUDE OIL moves on it will be highly interesting what it will do further and also on the higher timeframes as there are still some important signs to look at upon.
In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you!
Trading effectively is about accessing possibilities, not certainties.
Information provided is only educational and should not be used to take action in the markets.
BTC - Medium-Term View 🔎Greetings, TradingView Family! This is Richard, also known as theSignalyst.
🏹 From a macro perspective, as per my analysis from yesterday, it's evident that BTC is approaching a significant weekly support zone:
Additionally , as I mentioned last week, BTC appears to be nearing the end of its correction phase:
📌 To signal a bullish momentum shift in the short-term, we should look for a decisive break above the last minor high marked in orange, which is approximately around 26,330.
Furthermore, to establish medium-term bullish control, it's crucial for BTC to surpass the 26,800 level.
📉 Meanwhile, BTC would be overall bearish and can still trade lower to test the 25,000 support, especially if the last orange range is broken downward.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
BTC CME GAP IDEAS 📊💡In the world of cryptocurrency, Bitcoin (BTC) stands as a cornerstone, continuously captivating the attention of investors, traders, and enthusiasts alike. As we venture into the next few months, the Bitcoin market is marked by both excitement and uncertainty, presenting a myriad of possibilities for those willing to navigate the ever-shifting tides.
Bitcoin's price history has been a rollercoaster ride, and this could continue in the short term. A scenario of consolidation and heightened volatility is entirely possible. Regulatory changes, macroeconomic events, or unforeseen market sentiment could lead to periods of sharp price swings. Traders should be prepared for both upward and downward moves.
Bitcoin is not an isolated asset; it's influenced by global events. Geopolitical tensions, economic shifts, and unexpected developments in other markets can have a significant impact on Bitcoin's performance. Keeping a close eye on these external factors is crucial when trying to anticipate BTC's trajectory. For instance, the Securities and Exchange Commission (SEC) is expected to weigh in on multiple Bitcoin ETF filings in the build-up to early September deadlines.
I have outlined a couple of scenarios on the chart. While I don't expect Bitcoin to follow these scenarios precisely, they serve as a framework to understand possible short-term price movements.
Stay Tuned for Updates: We will continue to monitor key macro events that could significantly impact the cryptocurrency markets in the near future. These events may provide us with more clarity about Bitcoin's trajectory.
Please note that the advice you receive about cryptocurrency should always be taken as guidance and not as definitive instructions on what to do. Investing in cryptocurrency, like any other type of investment, involves risks, including the loss of capital. Always conduct your own research and consult with a financial advisor before making investment decisions.
Here's my line. When pullback bottom is confirmed, re-enter.Traders,
It's been a few weeks since I have done a video update. Hopefully, you all have been following my non-video posts too. I have been making regular posts in attempts to keep you all up to speed on the latest market price action.
In this video, I will show you the line that caused me to sell. This does not mean I have now gone bearish on the market. On the contrary, I am still overall bullish longer term. However, the market is definitely experiencing a bit of a pullback here due to some new inflation data causing more uncertainty. Once this pullback has confirmed a bottom, I will once again look to re-enter my longs. I will show you some of the levels I am targeting on Bitcoin, Litecoin, and Ripple near the end of the video.
Best,
Stew
EU IdeaEu recently grabbed a lot of liquidity, it had plenty of room to move up to resistance on LTF, but will likely take a move to the downside after. marked below are extension points you could ude for a possible sell and the liquidity lines above are possible profit targets, please trade at your own risk and include your own analysis in congruence with mine.
UUUU entry - sub $6Energy Fuels (UUUU) is a Uranium and Vanadium mining company that is domestically sourced low carbon renewable energy fuel (U( and steel strengthener (V2O5).
* Improving earnings - nearing profitability
* Domestic contract growth
* By-product Vanadium is also in demand - steel recycling
* Energy market can not rely on oil and LNG alone
* MFI crossing 50% and consolidation and buying will increase scarcity
* CCI momentum hitting bottom
Entry this week after dropping below $6 with limit buys and retracing back to 238 fib level. Will watch for drop to full retrace to $4.90 (exit before) or a more likely climb to 500 retracement at $8 and watch for break through or more consolidation.
Own opinions of energy market - come to own conclusions, or comments here welcomed. Like to hear what others in energy market have to say. Warm winter LNG will get us through, what stocks are you loving for 2023?
@Pokethebear
@rudcharts
Xauusd using market structure starategy 23/12/2022I'm using the market structure and supply-demand strategy in 1-hour timeframe in gold. my opinion regarding this state is to wait for the confirmation of the break supply zone and wait for the pullback rather than open it when the break time for minimalizing the risk
BTC - Critical Period / Zone ahead of NFP ❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
📌 After breaking below the significant round number of 30,000 and a major low, BTC has exhibited a predominantly bearish trend, forming lower lows and lower highs.
In the past, BTC broke two major lows, which were marked in gray on the chart.
📉 If the current last low is breached with an H4 candle closing below 28,700, it is likely to trigger further bearish movement, potentially leading to a decline towards 27,500.
📈 To regain control, the bulls must achieve a strong momentum candle close above the key level of 30,000. Such a move could potentially shift market sentiment in favor of the bulls and indicate a possible trend reversal.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
The Fall of the Titans: Crypto Downtrend Unfolding on the 4hAre we witnessing the Fall of the Titans? Is crypto, the digital currency titan that has been dominating the financial landscape for over a decade now, showing signs of slowing down? The recent data on the 4h chart reveals an unfolding story - a Crypto Downtrend that may have significant implications for investors and enthusiasts alike.
In this modern era of finance, cryptocurrencies have morphed from being an underground secret of the tech world into an open powerhouse that shapes financial markets globally. However, they have not been without their share of unpredictability and turbulence. The recent activity on the 4h chart, particularly, paints a picture of a potential shift in momentum - a Crypto Downtrend.
Understanding The 4h Chart
Before we delve into the specificities, it's crucial to understand what a 4h chart signifies. The 4h chart, as the name implies, represents price movements over 4-hour periods. Traders often use this intermediate timeframe to discern the medium-term trends in the crypto market, which allows them to plan their strategies accordingly. The 4h chart gives a more comprehensive view of market dynamics as compared to the shorter timeframes, without getting drowned in the long-term noise of the daily or weekly charts.
Indicators of a Crypto Downtrend
In crypto trading, several indicators suggest a potential downtrend. Key among them are lower highs and lower lows, which hint at a declining price momentum. Other indicators such as the moving averages, the Relative Strength Index (RSI), and the MACD can further support these observations.
In the current scenario, the 4h chart shows a pattern of lower highs and lower lows, which is a tell-tale sign of a Crypto Downtrend. Additionally, the moving averages have seen a bearish crossover, while the RSI is hovering in the lower regions. These all point to a potential reversal of the bullish trend we've been experiencing.
Impact of the Crypto Downtrend
This potential Crypto Downtrend has significant implications. For one, it indicates a period of price correction, where the overvalued prices return to more realistic levels. While this could be a cause of worry for some investors, it could present an opportunity for others.
For investors who have been waiting on the sidelines, this could be their chance to get in, to buy the dip. On the contrary, those who are heavily invested might want to brace themselves for potential losses, or consider hedging their investments.
The Way Forward
While the current observations from the 4h chart do point towards a Crypto Downtrend, it is essential to remember that the world of cryptocurrencies is known for its volatility. In the world of crypto, trends can reverse quickly and unexpectedly. Therefore, investors and traders should always stay vigilant and responsive to the changing market dynamics.
Also, it's important to note that a downtrend isn't necessarily a bad thing. In fact, it can serve as a healthy correction in an otherwise overheated market, paving the way for sustainable growth in the long run.
So, is this the fall of the digital titans, or merely a small bump in the road? Only time will tell. For now, though, it’s a good time to stay alert, plan your strategies, and tread with caution in the fascinating world of crypto.
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This article is for informational purposes only and does not constitute financial advice. Always do your research and consult with a professional before making any investment decisions. Crypto trading involves risk and is not suitable for all investors.
CADCHF MOVEMENTUsing support and resistance
The price may move to 0.65000 for market correction. after that the price may move towards 1st resistance at 0.65944 and if resistance breaks then we can expect a small bull run till 2nd resistsance 0.68000. There is a highly chance to buy at near to 0.65000 if market dones a correction and we can expect a good move here in upward direction because of support at 0.65000.
Harmonic + OB + IMB + OTE: Failed1. I used the Previous OTE ZONE as my entry area when it has already been tapped a few times...
2. I did not plot a fib ret on the latest swing low/high for some reason despite there being a ChoCh present.
One thing to note about this though, is that the FIBRET is Reversed. Seeing the non-reversed version meant there was no OB + OTE confluence anywhere.
Maybe that's why I didn't bother with it.
Here's the thing though.. and what is probably a crucial information that I wouldn't have learned if I didn't lose this trade:
Putting fibret on reverse, meant it confluenced with the FVG.
So what I've learned:
1. OTE + FVG MIGHT JUST BE AS VIABLE AS OTE + OB.
2.Try out both reversed and non-reversed versions of fib ret. There might be a confluence you are not seeing.
ALSO, VERY IMPORTANT NOTE:
If price left your entry point, and reached target take profit (liquidity, fvg, s/r levels, etc) first...
Close the trade.
Reaching the target take profit means the market maker move is done.
It means the intention has been fulfilled, and it's time to make a new price action setup.
So the next time it reaches your target entry point, the price has a higher chance of not bouncing, because price is already moving with different intent.
CANCEL COMPLETED TRADES.
SAVE YOUR CAPITAL.
DON'T GIVE IT UP EASILY.
XRP break it?since the 2016-2017 fractal, we can see that it is repeating the same movement, added to the so-called stagflation that economists talk about, I can believe that the price will be sideways all this time, unless it approaches resistance and breakout or its support and let's also see a strong movement. Watch out for bankruptcy and buy/sell better stay out and watch out..
BTC Long-Term Outlook/Analysis + Life GoalsI've charted this since last year, maybe since May, idk.
It shows two possible directions depending on what structure breaks.
Well, it broke Market Structure towards the upside, and has been following the price path that I laid out almost to a T/tee/tea(whatever).
So yeah. It just might follow it, or it might not and just straight up dumps on the higher timeframe, but that's unlikely?
Like, what could cause a worldwide massive sell off that would plummet the BTC price?
Well, of course, if the people and organizations that hold the massive BTC wallets would just randomly sell off their holdings. That would crash BTC.
But why would they do that?
So, in the end, my point is, if you think about it...
The dollar and current worldwide economy is crashing... so where do they turn to?
Bitcoin.
Not gold, not USD, but Bitcoin.
I think gold is also a "stablecoin", something you can rely on to hold value.
I think, going forward, I would like to keep accumulating bitcoin and gold, when I have the money to accumulate.
My goal in my financial life would be, to keep accumulating cash daily(through business, work, and trading), and keep DCA'ing into Bitcoin and Gold regardless of the market.
AUDCHF - Looking For Buy Setups ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AUDCHF has been overall bullish trading inside the rising wedge pattern in blue, and it is currently retesting the lower trendline.
Moreover, the zone 0.59 is a strong demand.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower blue trendline.
As per my trading style:
As AUDCHF is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
VIX/VVIX Divergence before large drawdownsJust happened to be playing with a few things on tradingview today, thinking of new ways to identify trade opportunities. I often have to keep reminding myself to zoom out to see the bigger picture. This is one of those instances where I might have stumbled upon something useful for very long term trade trends.
As many know, VIX is an extremely useful indicator of market sentiment, it also signifies part of what makes up extrinsic value of options contracts. On the longer term time frame, you can see in a bull market volatility slowly compressing lower and lower. Lower highs, lower lows. Eventually, that trend starts to reverse as more and more large players maybe begin to take profits and go short, and more options hedging happen towards the downside.
VVIX is a further still derivative of that. It's the measure of volatility of volatility. What I did today was take VIX and divide it by VVIX and see what pattern emerged. At a glance, it's not far off VIX by itself, but, I did notice that weeks or even a couple months before a large market downmove, it gives a little more advance warning that a big sell off was imminent. A solid warning is the lowest low followed by two higher lows, as seen here:
If I instead plot VIX by itself, you see a double, maybe triple bottom at near enough the same low before you get a higher low. In the case of the second half of 2018, there actually wasn't an advanced warning at all:
But, what VIX by itself does show, that VIX/VVIX did not, is a lower high when the market found bottom in October/November 2022. VIX showed a lower high, VIX/VVIX shows the highest high at that point. So, always worth glancing at both on a long term chart if you're looking for very long term bets on the market and trying what normally is considered a fool's errand to call the tops and bottoms of every bear and bull cycle.
It might still be a fool's errand, but maybe this helps some of us get a little closer to being able to pull that off.
With that being said, we have just set a new low in both VIX and VIX/VVIX for the year, even though we just had a down week (6/20-23/2023), I'm not convinced we stay down for long until maybe I see such a pattern appear again with higher lows appearing in VIX/VVIX.
Market Structure + Orderblock + Fibonacci Retracement = FailedMarket Structure + Orderblock + Fibonacci Retracement = Failed
Here's why:
Trendlines, S/R Levels, Chart & Candlestick Patterns are still relevant.
Trade could have worked. It passed all the other criteria (market structure downtrend + bearish fib ret ote zone + bearish ob).
It was just a right trade at the wrong level.