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Marketstructure

US30 Price Action and Weekly Market Structure - Short ObservedObserving US30 on the weekly chart we can see the bigger picture. In the chart we can see that price has been in an overall downtrend since leaving the top level marked. Price is currently indecisive at our most recent lower low/supply zone. Although we have been bouncing around going in no particular direction, we still see signs of rejection to the upside. Considering we are in an overall downtrend, currently rejecting to break the previous lower low, several major bearish rejections, a few pinbars, I will be holding a short position to the next major level.
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by JohnnyB61887
NZD/CHF SELL SETUP !!!Basically when you look at price action we see price is consolidation on the Daily timeframe support level, Despite weakness on volume , structure in lower timeframe like H4 and H1 stills show market structure to downside. So basically we have two areas for look for a rejection one @ the 31.8% fib level which is in confluence with previous support now resistance Rejection two @ 61.8% fib level which is potential maximum point to grab liquidity to break down the daily support Nice risk to reward Follow me for more breakdowns like this
Short
by ShinForex1
Continue, Pullback or Markdown PhaseI feel that TSLA is in or heading into correction. $214 pullback, continue or correction. Original Thesis was $234-$238 Correction zone with Pullbacks and gap fills before big Correction. This would also be a great BullTrap so that Wall-street can bank on the $200 Call Options this week. *TSLA is STRONG, The Markets have been Rallying but there are Warning signs that we are in or going into correction. Bullish Thesis Continuation idea: this is a set-up for impulse move to $223, pullback then or continue to then $238 & gap fill with big sell-off Lots of TSLA Events coming up which is bullish for next couple of weeks *Pullback/Correction Idea: Measured Moves: Extension and Retracements are matching. Extension: 2 Retracement 0.618 Date Range from capitulation event to now are equally measured. If $215 is broken then TSLA can continue to $223 for wave 5 and correct (Bullish Final Move Idea: this is pullback for pop to $223 and pullback) If TSLA stops here and the Markets Correct then this could be the set-up for Pullback or Correction. (possible sideways trading for next 2 weeks) *Daily Volume is showing only Buying - Small Time frame is showing Steady Selling and Impulsive Buying with Automatic sell-off. These are signs of Wyckoff Distribution Phase. *** Pullbacks being bought up are Strong Bullish signs* but TSLA Price has Moved up only 6% in 10 days...on large volume, so distribution is happening, amount of effort to move price is becoming harder to maintain price markup...but is it in correction mode yet is the question. TSLA can still go higher to extend Impulsive wave 5* currently Wave 3 and 5 are of equal distance which could represent end of Markup. note:I am not an Elliot Wave Expert* Bearish Sentiment: Greed is strong *Seasonality- Markets tend to Drop off Mid February Vix above 20 us 2y, us10y, dxy,vix all breaking out. Divergence of NYSE ADV/DEC Current Sentiment: Bearish* Drop here or possible Upthrust to $223 with Hard-sell below $200 Let me know what you think
NASDAQ:TSLAShort
by Black_Sheep1
7
📍 The 5 Step Process1️⃣ MARKET STRUCTURE The market structure has a significant impact on the formation of prices, dissemination of information, and execution of transactions. In the context of stock trading, market structure can also refer to the pattern of price movements in a downtrend, characterized by lower highs and lower lows. This pattern indicates that prices are consistently decreasing over time and that selling pressure is outweighing buying pressure. The market structure in a downtrend can provide important information to traders and investors about the overall sentiment in the market and can inform their decision-making process. 2️⃣ PSYCHOLOGICAL LEVEL A psychological price level in trading refers to a price point that is believed to have a significant impact on market participants' behavior and decision making. These price levels are usually round numbers, such as $50 or $100, or important milestones, such as all-time highs or lows, and are often used as reference points in trading. Market participants often view psychological price levels as significant barriers that need to be breached or defended in order to signal a change in market sentiment. 3️⃣ FIBONACCI Fibonacci retracement is a technical analysis tool used in stock trading to identify potential levels of support and resistance. It is based on the idea that prices will tend to retrace a predictable portion of a move, after which they will continue to move in the original direction. The tool is used by drawing a trendline between two extreme points and then dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%. 4️⃣ TRENDLINE A trendline in trading is a straight line drawn on a price chart to identify a current trend in the market. The trendline is drawn by connecting two or more price points and is used to identify the direction of the trend, either up, down, or sideways. If the trendline is sloping upwards, it is considered an uptrend, and if it is sloping downwards, it is considered a downtrend. 5️⃣ CANDLESTICK A twizzer bottom is formed when a long green candle is followed by a red candle that closes below the midpoint of the first candle. This pattern indicates that the buying pressure that was present in the first candle is being replaced by selling pressure, and suggests a potential reversal from an uptrend to a downtrend. It's important to note that a twizzer candlestick pattern is just one piece of information and should not be relied upon solely when making trading decisions. It is often used in conjunction with other technical analysis tools and indicators to form a more comprehensive view of market conditions. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
by QuantVue
2
GBPJPY 4HR Weekly Projection - Which way will we Breakout?!Hey guys, GJ is still consolidating and is just accumulating liquidity right now. It is creating some sort of 'Flag', but as you can see, its also consistently hitting each fib as its creating the Higher Lows in that 'flag'. All it is doing now is just enticing everyone to take either buys or sells before it breaks out. The 2 options plotted are just my 2 main projections for the time being, and if it doesn't react that way I will OfCourse, readjust and reanalyze my views because remember - we are not fortune tellers, we just react TO price action and not predict it :) Option 1 - Price may come up and remove all bearish liquidity from all the Support and Resistance Traders that have sold from there (nothing wrong with that) and also fill that imbalance in price. Don't forget that the Overall Higher Timeframe Fib is there so it will hit that too. There is so many confluences for price to fulfill if it breaks out bullish, but also don't forget, it doesn't NEED to do that straight away it can breakout bearish and then come back for the fib, imbalance and liquidity later on. Option 2 - If price breaks out bearish it will remove all the buyers who bought at the fibs and the prior lows. I personally think that the most efficient and cost-effective route for price to take is to go bullish and THEN drop. But again, I can't make that decision because as we know - the market can and will do what it wants, all we can do is project our analysis and try to put ourselves in the best position possible for the outcome. And most importantly, don't worry if you are wrong or you are not comfortable enough to take a trade. If you are not 110% confident in your analysis and trade - DO NOT take it. Don't worry about FOMO, don't worry about 'What if price goes without me ' or 'What if it hits my TP without me?' Who cares!? Once you can shake these thoughts and feelings, you will truly see a drastic improvement in your trading consistency. The MOST important thing is your confidence and protecting your capital. :)
by Pmilanoxx_
How To Have An Edge Over The Markets 📚Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Today I want to share a basic trading plan that you can follow to quantify your trading edge. 📌 Step 1: First, start from the higher timeframes like Daily/Weekly to identify the current long-term trend. is it bullish, bearish or stuck inside a range? If the price is sitting in the middle of nowhere, then it is a NO trade zone as price has 50% change to go either up or down. Thus no edge! 📚 Wait for the price to approach the lower bound or upper bound. Then proceed to Step 2 📌 Step 2: No matter how strong a horizontal / non-horizontal support or resistance is, it can still be broken. Thus don't buy/sell blindly as price approaches a support/resistance. Instead, zoom in to lower timeframes like H1 and M30 to look for setups. 🏹A basic approach would be to wait for a swing low to be broken downward around a resistance as a signal that the bears are taking over. In parallel, wait for a swing high to be broken upward around a suppor t for the bulls to take over. This would be the confirmation to enter the trade. Of course, your second edge would be through risk management by targeting at least double than your indented risk. But that's a topic for another post 😉 Always follow your trading plan regarding entry, risk management, and trade management. Hope you find the content of this post useful 🙏 All Strategies Are Good; If Managed Properly! ~Rich
Education
by TheSignalyst
41
NZDCHF I Local short from resistance zone Welcome back! Let me know your thoughts in the comments! **NZDCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
14