General Market – True Market Leaders?Here are the dates when the next wave of potential True Market Leaders (TMLs) have broken out.
We are seeing mixed action.
🟨 Yellow notes shows the stocks that are still above their pivot point
🟥 Red shows those who have been more volatile and have breached the pivot point
Market
DXY - Rejection Zones!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DXY is overall bullish trading inside the rising broadening wedge in brown, and it is now approaching the lower brown trendline acting as a non-horizontal support zone .
Moreover, the zone 109.0 is a strong support zone.
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower brown trendline. (acting as non-horizontal support)
As per my trading style:
As DXY approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
In parallel, as DXY approaches the upper purple zone and blue resistance 113-114 I will be looking for bearish reversal setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
20 reason for buy gold update 01/08/2022
1 Structure 12: bullish
2 imbalances: filled
3 Current Move impulse
4 Entry TF: h1
4.1 ETF Structure: bullish
4.2 move: bullish
5 Support resistance support at the h4 order block
6 FIB: trigger event Occurred
7-candle Pattern: spinning top
8 Chart Pattern: double bottom
9 Volume: Execution
10 Momentum: support at 40 measure by rsi
11 Volatility: lower band support Bollinger bands
12 strength: Adx sideways
13 Sentiment: buy
14 Final conclusion: buy at the point
15 Buy /Sell/Wait: buy
16 Entry: right now
17 Stop lose: 1637
18 Take profit: 1690
19 Risk to reward Ratio: 1:5
Excepted Duration: 2 days
Probability of Rally Failure is 90% There is an important study, that estimates the success of a Follow Through Days depending on how close a Distribution Day is observed. Look at the annotated chart on SPX.
In essence if we observe Distribution Days close to the FTD then the probability of Failure is high. (Failure is defined by undercut of the Day 1 Rally Day ). Study is courtesy of IBD Research. I have annotated the zones in Red, Yellow and Purple below.
🟥 Red Zone - Distribution Day 1-2 days after FTD: 95% Failure Rate
🟨 Yellow Zone - Distribution Day 3 days after FTD: 90% Failure Rate
🟪 Purple Zone - Distribution Day 4-5 days after FTD: 30% Failure Rate
We observed first Distribution on Day 3 and another one yesterday on Day 4 (white bars on chart) - this is why I have labeled all my trades as High Risk - since, I wanted to see how we are to perform first week after FTD.
BIRLA CORP ANALYSIS!!i have determined the trend and great levels for buying and selling the stock. its a bit volatile market for this stock, but one can earn if he/she has a proper determined plan to trade such type of stocks.
ANALYSIS:
1. BLACK LINES are the different chart pattern trends.
2. BLUE LINES are the good levels to buy/sell the stock
3. PURPLE LINE is for the shorter swing trade, saying stock trading rs.909 is good to buy till 1160. if breaches, then all the way too 630.
4. ARROW MARKS & THE CIRCLES: everytime the stock broke the 970 level, it gave a very good upside movement, a level to watch out for.
Market Exposure after FTDIBD Market School indicator suggest we have a clear sky to start testing waters. Here is what the methodology has flagged after the recent Rally Day.
Annotations
1 = Most recent unbroken Rally Day
2 = Follow Through Day
3 = Confirming Buy signal (named B3)
4 = Additional Follow Through Day + Confirming Buy Signal (B8)
5 = Permitable Market Exposure as per the methodology
My approach!
I do not have an exposure of 90% currently as 5 suggests. This is only guidence. I am more conservative and rather have taken a few tiny pilot positions. I want to see that the action is confirming. We are reaching the 21EMA on SP500 and hence I expect some stalling here. We also have an important earnings in the recent days, which means that there could be abrupt failure.
Market upUPS, 3M and General Motors all posted better-than-expected earnings. Shares of UPS and GM rose in early trading, but 3M dipped 1.6%.
Coca-Cola also reported stronger-than-forecast earnings, sending the stock up 1%.
So far this season, companies have proven they may be faring better than anticipated.
Market Maker Pattern with Multiple Long / Short TradesIf this Market Maker pattern plays out in symmetry to the left side, which is more visible even on the 5m chart, then there will be several long opportunities and several short opportunities with opportunity to either reverse positions right into the next drop or retrace. There is also a large red candle on the left side, seen on linked chart of 30m timeframe, that was only partially recovered and these red candles typically always get recovered by a corresponding green candle to the right side of the chart. Thatt gives additional strength to the idea that price will return to previous high of the structure to reclain the red candle. And each of these drop and recoveries is a significant percentage move, ranging from 9% to 30% and with 20x leverage that could make for a fairly safe and profitable series of plays.
Of course, these patterns don't always play out completely symmetrical, but even if it fulfills a few of the moves or does so in smaller proportion to the moves on the left side, it's still a solid opportunity due to likelihood of move to upside to reclaim red candle and then likelihood of fulfillment of at least approximate fulfillment of the markdown / drop phase of the pattern.
BTC Detailed Top-Down Analysis - Day 89Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
89 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Bulls are not strong enough, the pair is in the line of descend!Hello traders! We are seeing that the oil demand is declinig, affecting the pair and making bulls be aware of future declines. Also we found in the charts a recongnize pattern of a head and shoulders, with a target around 1.30 if it breaks the support among the 1.36 level. The FED is fighting againts the ghost of recession and the 10 years bonds are fearing a descend from a 15 years top. Some fed officials are concernign about the oversizing uploads. This facts can draw a direction towards a new trend in the markets. Technically the level of 1.36152 is a support to watch. If the bears could break this level, we could see the prince drop to 1.33102 and 1.30 if the strong of the bears keep going. This is not financial advice, good trades and profits!!
I have something for you (-.-)hello
4 important target's on the chart.
I belive we still can see more downside , IMO 12085 is bitcoin current cycle bottom and we have time to see it in the next day's and week's !
but in worst case scenario for the longer term, I belive $5900 can be absolute market bootom for BTC
The Psychology of The Market Cycle Explained
The market cycles can be explained from the psychology side of the average investor.
Throughout the various stages that develop in the market, the investor's emotions are also cyclical according to the "mood" of the market.
Market movements are explained by the investor when often hope and fear motivate his thoughts and actions and can predict his future actions.
Throughout the various stages that develop in the market, the investor's emotions are also cyclical according to the "mood" of the market.
The range of emotions ranges from despair to euphoria, and investors usually drive the wrong actions.
Awareness of the psychological side of the masses helps to avoid the effects of negative or positive sentiment and remain feckless on the market. In addition, we can also identify a stage or strengthen our position on the state of the market, explaining investors' feelings.
Once you understand this chart, you can control your emotions and deal without your hurt and with only your mind.
As this market cycle chart is repeating all the time, if you understand where you are located in the graph at any moment, you can take a cold decision of buy or sell a particular asset to maximize gains.
DXY - Over-Bought Zone! Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DXY has been overall bullish for a while trading inside the brown rising channel . However, it is currently approaching the upper bound / upper brown trendline, which I consider a non-horizontal resistance and over-bought zone.
Moreover, the zone 113 - 114 is a horizontal resistance zone .
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper brown trendline. (acting as non-horizontal resistance)
As per my trading style:
Since DXY is sitting inside the purple zone, I will be looking for bearish reversal setups (like a double top 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