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Monthlystructure

Two Long-Term Regularities Have Been Violated!SP500 has been growing nicely for more than a year. And that is how long the market hadn't tested the previous month's High. For the last 12 months, the average micro-correction hasn't even approached halfway to the previous month's high-low range. Now, it did and with style. Although it recovered fairly quickly, it is now back near the initial takeoff price and might breakthrough. #1 Previous month's low wasn't only retested, but also violated Over the last year, all corrections went mostly just halfway through the previous month's range. All of them were violently rejected as some people refuse the idea that the stocks could ever fall. This, by the way, seems to be a belief held by hedge-fund managers too as they were opening leveraged positions in the last months. With all of these corrections recovered so quickly, a ton of volume was required creating the most voluminous day of the month each time. These levels are strong, no doubt. But they were built on top of each other. Break one and the other will weaken. Speaking of weakness, we might have just created a lower high. #2 Closing near the last rejection Look at these four examples. All of them have one thing in common - the price never closed near the previous rejection again without making new highs. Only in one of the last four cases, the price came back, but it was a low volume confidence-absent move closing in a pinbar. Compare this to the most recent price-action. #1 We came to retest fairly quickly, #2 on high volume, #3 and closed near the candle's low. The market is trying to push higher, many are buying this as a commong dip of which there were many in the last year. But I am afraid that the momentum is shifting now! # Next support is around $4150 Today seems to be a high volume test if the market accepts the price and if it is worth pushing lower for the bears. Whatever their decision is, I do believe that the risk for longs is now very high. On the other hand, shorting rewards outweight the risk in my opinion. If the current level is broken, it should go as far as $4150 where 200 EMA meets one of the previous violent rejection lows. For longing, I would consider that level to be optimal but only if confirmed by later price action.
OANDA:SPX500USDShort
by OrcChieftain
Chainlink may to run to $100 USDThis it's just my weekly perspective where Chainlink may to run to $100 USD in couple weeks. And in this screenshot, it's the monthly timeframe where we could to forming a possible elliot wave analysis where Chainlink could to starting the phase #5 that could to leading to $446 USD in long term. It's interesting investing in Chainlink or make any hold posiiton in this cryptocurrency to earn extraordinary profits in this cryptocurrency. Now, as I have 133 LINK spot in my trade now!! This it's a good idea that keep this position until $400 USD. i may to get extraordinary Cardano profits in this trade on Chainlink. I will going to take this idea in my hand to evaluate more and how much chances Chainlink make this bullish movement in the future? If you like this idea, please hand up, share this information with others crypto-traders or crypto-enthusiastic.
BINANCE:LINKUSDLong
by harisonhbn9718
2
EURUSD - Weekly - Long term directionHello traders and investors, Today we are looking at a possible long term scenario of EURUSD. In this scenario, the hypothesis is to see the euro getting stronger and stronger against the USD in the next years. Assuming that we are participating in a portion of the intermediate blue wave C of a bigger correction. Nevertheless, if you are considering a buy and forget you might see the euro value appreciation from the current 1.18 to 1.29. Let's see what will happen
Long
by Dry-Storm
AUD/USD multi time frame analysis, WILL BE UPDATED STAY TUNED !Will be Updated During the next days for possible trade opportunity Stay Tuned (BE SURE THAT FOLLOW ME TO GET NOTIFICATION) If like this and if help you with your trading Please Like, Share, Follow and comment that give me motivation to make another Market analysis and trading ideas If you have some suggestion, comment or other opinion feel free to write it in comment Wish you succesfull and consistent trading with profits! This is not an investment advice. "CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money."
by ArmaTrader97
AUD/JPY MONTHLY ANALYSISWe have good confluences with this pair: 1.The price is overextended, we can expect a correction. 2. Also the price is retesting a supply zone, where we can expect a rejection to the downside. Where can we expect the rejection to happen? If we take fibonacci from low to the high we can see that the .50 and .618 level is align with estructure. We can expect the price to retrace to one of this two zones. PLEASE SUPPORT THE CHANNEL AND DON'T FORGET TO WATCH THE OTHERS ANALYSIS THAT I HAVE. THANK YOU SO MUCH YOUR SUPPORT
Short
by Wiiso
EURUSD 1.21209 + 0.11% MONTHLY OVERVIEW * PRICE ACTIONHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE EURO / U.S DOLLAR FROM THE MONTHLY CHART. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRADE
by PULEMokhothu
NI225 29161.58 + 0.74 % LONG IDEA * PRICE ACTION OVERVIEWHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT NIKKEI 225 FROM THE MONTHLY CHART. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRAD
TVC:NI225Long
by PULEMokhothu
USDJPY 109.821 + 0.06 % LONG IDEA PRICE ACTION & STRUCUTREHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE USD /JPY . THIS IS JUST A LONG TERM PERSPECTIVE ON WHAT THE DOLLAR / YEN IS SAYING TECHNICALLY FROM THE MONTHLY CHART THE DIRECTIONS DETERMINED & A BREAK ABOVE OF THE DESCENDING TRIANGLE WILL TRIGGER THIS TRADE. * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
GBP / USD 1.41804 - 0.13 % LONG IDEA * RESPECTED STRUCTURE & PRIHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE GBP / USD LONG IDEA FOR DIRECTION AND OVERALL SENTIMENT ON THE PAIR . * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
USDCAD looking for the 1.28 🦐USDCAD after the attempt to break the monthly support at the 1-24 level started an impulse to the upside. The market now reached the upper trendline of a daily falling wedge and according to Plancton's strategy if the price will break above we can set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigge
Long
by InkyGrip
BTCUSD: Monthly Log Chart A logarithmic look at the evolution of BTC price since its very early days The following key takeaways: BTC tends to extend only about 1/5 of its prior impulse move measured in terms of % increase; BTC tends to react ≈38.20% on a logarithmic scale to form a correctional bear market; The sub $80k area is a pivotal area to look for supply inflows. This analysis suggests an earlier-than-expected onset of bull trend maturity stage in the upcoming few months, which might correct this lower to the $20k area.
INDEX:BTCUSD
by Zoen_Trieste
27
GBPCAD bounces over the 0.618 🦐GBPCAD on the 240 min chart after the last impulse retraced back until the 0.618 Fibonacci level. The price from there started a new impulse to the upside and now is consolidating below a monthly structure. IF the market will break above, according to Plancton's strategy, we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
10
Dollar Continues to Find SupportThe dollar has ended January with a relatively small bullish candle, showing signs of support and an end to a 2-month falling trend. In the month of January, the dollar started the month with a slightly bearish tone, bringing the currency to a 33-month low. It then started to reverse and rebounded strongly until it faced strong resistance at strong supply 90.8. However, the reversal was short-lived and it quickly found support and gain traction upwards, making another attempt to break above the supply zone at 90.8. That didn't work out as the price was resisted again but somehow manage to close somewhere just below the resistance. In the end, January left us with an inverse head and shoulder in the daily timeframe, and a sign of reversal, or rather a pause, in the monthly timeframe. Since that's the case, and since last week's Fed did not show any sign of easing monetary policies any further in spite of a dovish ECB in the same week, we think the dollar is ready for a bullish February. We will look for buying opportunity if the price stays above 90 and until it reaches 91.8.
TVC:DXYLong
by AlgoVenture