CSCO - Weekly chart in exhaustion range1. Fortune_TD, Fortune Banker trend, Fortune Crown stage:
Analysis on weekly chart
03 Oct 2022, Fortune TD 13 show the trend exhaustion range, the green bar shows this is a potential share pull back.
03 Oct 2022, Fortune Crown security line is at bottom, still going down, there is no red dot yet.
03 Oct 2022, Fortune Banker trend, green line shows the banker chips flow in, but the short money still not yet gold cross its 5 days average.
2. Potential opportunity:
waiting for the share price break out the green bar high 42.25.
3. Summary:
Based on above analysis, the share price is downtrend in daily and weekly chart, so using weekly chart to identify the bottom area instead of using weekly chart.
Disclaimer : no recommendation of buy/sell, purely for TA learning and sharing.
Money
¡¡The trend is changing!!Hello trading community! Well, I think the market has been waiting a long time for this drop. I've said it for a long time, this is that every trend has an end and a new beginning. Despite being manipulated by different players, markets are inherently immutable cycles. Technically, the US dollar index has been making lower highs since its high of 114.8, showing a loss of bullish strength and a bearish divergence. While we know the Fed's rate decision is approaching next week, which, as expected, will cause market volatility, we've been observing that 10-year yields have fallen, and some of the Fed's official actors have expressed their concern about Dissatisfaction with the aggressive rate hike policy. In addition, the market had two negative quarters, signaling the company's urgent need for profits to try to end the year positive rather than loss-making. This is not a financial advice, good trades and profits!!
EUR/AUD posible compra buyThere is an impulse that breaks resistance, before that, we see a double button, now the only thing we have to do is wait for the price to come back to the support that was resistant, look for a base, and for confirmation after that just buy until the next resistance and wait for the result.
Hay un impulso que rompe la resistencia, antes vemos un doble piso, ahora solo queda esperar a que el precio regrese al soporte que era resistencia, buscar una base, y filtrar para confirmar despues solo compra hasta la proxima resistencia tener paciencia y esperar el resultado
¡Only the begining, stay alert!Hello trader comunity! We are seeing that the markets want to change their trend. More especifically the people thats is behind the computers wants to make gtains after two trimesters in loss. In the other hand, the DXY is fatally crushing after reach the level of 114 and we are seeing lower highs as the index cling to supports. The pair USDJPY after reach the level of 152 gets a reaction from the bears of the pair and then found support in the level of 147 (ema 21). Next week we have de interest rate decision of the Bank of Japan, event that could bring volatily to the pair. But what we must see is how the DXY start the week, anf if it continuos dropping behind 112 ( acting as resistance), we expect a recover from the US500, pairs against the dolar, and the crypto market. This is not a financial advice, good trades and profits!
Gold loses interest as a refuge, DXY with bullish forceWe have two consecutive quarters with losses in the markets. The bulls defend the last of the supports before a big drop, located at 1613. The great resistance to overcome is at 1637. If we remain below this level, we will see the bearish force renew. The dollar index has broken an important resistance level, heading towards the 114 level. The specter of the recession in the US continues and there are still no signs of a change in trend in the markets. In addition, the results of technology companies have not been very good, further weakening the confidence of investors in search of a change in trend. This is not investment advice, good trades and profits!!
EUR USD potential movesI'm back after a while, again with the EUR USD pair.
We can see some form of consolidation and indecision with the current price movement.
I marked interesting areas of supply and demand. But me, personaly i would only consider SHORT positions due to overall market bearishness and ofcourse the strenght of the dollar index (even if it doesn't reflect the real world situation entirely).
If an oportunity doesn't present itself today, i'm most likely done for the week, unless ofcourse i see a very clean A setup.
Let's see what new york open brings us:)
*TRADE SAFE GUYS, ALWAYS USE PROPPER RISK MANAGEMENT!!!*
Regards, T.
Chainlink Short WITH GREAT RISK-REWARDA very simple idea. The chainlink chart looks horrible, with clear distribution with three consecutive lower highs on the daily that are creating downward momentum and look like they're going to break the support.
The next clear support is the 5-dollar level that was prior resistance in 2020. It is inevitable that we go and test it as support eventually.
I am short and looking for a break of the support and a backtest as resistance. BTC breaking towards 15k should be enough to bring chainlink to 5 dollars
USDCAD LONG (SMC)OB once enters zone boom long nice 40% & im out. havent been posting my analyis latley becuse more focused on my trading. i moved to forex because my ftx is being annoying and keeps asking me for utility bills ect and ive already sent them but it cant read them i guess i dont know but im doing forex thanks fxpro and metatrader for not being annoying like ftx
DJI - Rebound1. Youda_Potential, Fortune_TD, Fortune Banker trend, Fortune Crown stage:
Analysis on weekly chart
10 Oct 2022 Youda Potential shows the midterm (brown line) is going downward, but the DJI index hit the green band, potential to be supported.
03 Oct 2022, Fortune TD show the green bar, there is a potential share pull back, if break out the high of green bar, rebound on weekly chart will be confirmed, the resistance is around 32278
03 Oct 2022, Fortune Crown security line is at bottom, still going down, there is no red dot yet.
03 Oct 2022, Fortune Banker trend, green line shows the banker chips flow in, but the short money still not yet gold cross its 5 days average. The red lines crossed above the green line, this is a positive signal for rebound.
Analysis on daily chart
Since the index potential be supported as shown in weekly chart, change the timeframe to daily chart for potential bottom catch oppurtunity.
13 Oct 2022, Youda Potential shows the midterm (brown line) is going down, and also the long term (red bad) downward trend. Thus, if index rise, this is considered as rebound in daily timeframe only.
Fortune TD green bar (share pull back signal) shows that its high was broken out on 13 Oct, this is a positive signal of the rebound.
Fortune Crown security (red dot) is rising from bottom, green candle (positive momentum) is going upward as well. The rebound is still ongoing unless the red dot disappear and green candle turn red.
Fortune Banker trend, red line is above green line and the short money gold cross its 5 days average. There is a bottom diverge on 13 Oct as well
2. Potential opportunity:
daily chart still in downtrend, but potential a rebound is in the progress. support 28855.
3. Summary:
Based on above analysis, the index is downtrend in daily timeframe, so weekly chart to identify the bottom area and support strength, instead of using daily chart for support and resistance.
Disclaimer : no recommendation of buy/sell, purely for TA learning and sharing.