Gold Looks Bullish :)Hello friends.
today i'd like to analyze gold in daily and 4H charts.
lets take a look
in daily timeframe we saw a breakout from an old decending channel.
this is the first positive point for bull run according to TA.
The price record 3 BGD candles in recent week and this is the second + point.
now price reach a resistance level in 1770 and 38.2% fibonacci level.
but lets take a look at 4H timeframe for more details:
we see a strong support level that show Buyers are Stronger than Sellers.
and in 1770 level we see some strong candle patterns such as Bullish engulf and Hammer.
so i think the price can reach 200MA and 1800 resistance level easily like the green path i darw.
and after that we will check condition and analyze the next run.
thank you for your attention,please share me your opinion in cooments
do you think so???
Moving_average
RETA - breaking upAfter a huge plunge in Dec 2021, RETA had been consolidating in a wide range for the past 11 months. It's 200 day moving average has begun to flatten out since 27 September and the stock has also started to trade above this moving average since 14 Oct. The 200 day moving average have been tested a couple of times since and has proven to be the support so far (@ 29).
Last Friday RETA finally had a close above the long term consolidation neckline @40.65, on good volume, with Golden Cross about to materialise soon.
The stock is a long with initial stop loss just under it's 200 day Moving Average and recent pivot low (currently @ 29).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Bitcoin's Significant Upward Resistance Suggests Drop Is NearBitcoin is facing significant resistance from both moving averages and the combined wedges that have been forming over the last few months.
Equity markets and Bitcoin are closing into key technical make or brake moment. I believe we might see more bull traps before a significant drop over the next week.
Goodluck
LOCO - TrendingLOCO's decline had been flattening out in the past few months and the 1st hint that the worst could be over was on 13 October when it gapped up 14% on huge volume. Not long later it went into a sideway consolidation for nearly 3 weeks before staging another strong break out of this consolidation last Friday on earnings beat.
The stock is now above it's 200 day moving average, clearly the trend is up now. Any pullback or consolidation in the near term would be opportunity to stake, with initial stop loss just slightly below last Thursday's pivot low @ 9.65.
Expect some pullbacks/consolidation as it test resistences on it's way up. Take partial profits and/or trail stops up at intervals.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
BITCOIN - Similar To December 2018 ?Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
This is not the longest that BTCUSDT has been trading underneath the Moving Average. During December 2019 until the next year, BTC spent 36 WEEKS underneath the Moving Averages. Noteworthy that this was the 50d MA (due to the lack of data, there was no 100d or 200d). Currently, we're trading underneath the 200d MA. However, this can still signify that range trading for a period of time may be the most likely scenario. We still see high volume on the chart and the RSI shows sideways to slightly lower is the most probable for the foreseeable future. USUALLY (not always) there is a Xmas rally, or a December rally. It should be interesting to see if we find our reversal during the month of December, or if we continue to decline and start another bullish cycle during Q1 next year in 2023.
I'm labeling this BTC post as short even though I don't believe shorting it is a good idea right now, simply because it seems more likely for the price to go slightly lower than higher (judging by the RSI). There will be the occasional, unpredictable wick back up towards the MA but the price will continue to trade underneath until a clear bottom is established.
Incase you're interested in XRPUSDT, check out this idea 👀
Have a great weekend🥂
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CryptoCheck
The trend is your friend!Hi guys, This is @CRYPTOMOJO_TA One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
In this chart, we will present some basic information about the bedrock of technical analysis – the trend.
Technical research is founded on one main assumption: market prices move in trends as they are freely traded. Traders and investors hope to buy a security at a low price at the outset of an upward trend, ride the trend, and then sell the security at a better price when the trend stops. While this technique is straightforward, putting it into effect is incredibly difficult.
Trends come in all shapes and sizes, from long-term patterns that last decades to short-term patterns that emerge minute by minute. All trends tend to have the same characteristics. Investors must choose which trend is most important for them based on their investment objectives, personal preferences, and the time they are ready to spend watching market prices.
Trends are obvious in hindsight, but ideally, we would like to spot a new trend right at its beginning, buy, spot its end and sell. However this ideal almost never happens, except by luck.
What exactly is a trend?
1. An uptrend or upward trend occurs when prices reach higher highs and higher lows.
2. A downtrend or downward trend is the opposite: when prices reach lower lows and lower highs.
3. A sideways or flat trend occurs when prices trade in a range without significant upward or downward movement.
From the investor/trader’s perspective, a trend is a directional movement of prices that remains in effect long enough to be identified and still be profitable.
The most popular method amongst traders to identify a trend is looking at a graph of prices for extreme points, tops & bottoms, and drawing lines between these extreme points. These lines are called trend lines . By drawing lines between tops and bottoms we get a „feeling” of the direction of price movement, rate of change of movement, and also its limits. When those limits are broken, they can warn us that the trend might be changing.
Another method for the study of trends is the moving averages which smooth out and reduce the effect of smaller trends within longer trends.
The number of trend lengths is unlimited. The ability for trends to act similarly over different periods is called fractal nature. When we say that the trends are fractal in nature we mean that in any period we look at we see trends with similar characteristics and patterns as each other. The trend length of interest is determined solely by the trader’s period of interest. This doesn’t mean that different trend lengths should be ignored. Because shorter trends make up longer trends, any analysis of a period must include an analysis of longer and shorter trends around it.
Trends are determined by supply and demand .
As in all markets, whether apples, oil , or used car components the economic principle of interaction between supply and demand determines prices in trading markets. Each buyer bids for a certain quantity at a certain price and each seller asks for a certain quantity at a certain price. When the buyer and seller agree and transact, they establish a price for that instant in time, whatever the reasons might be for the buyer wanting to buy and the seller wanting to sell.
The technical analyst, therefore, watches the price movement and the rate of change of prices and doesn’t concern himself/herself with the reasons for the transactions because most times they are indeterminable. The number of players and the number of different reasons for their participation in supply and demand is close to infinite. Thus, for the technical analyst, it is futile to analyze the components of supply and demand except through the prices it creates.
Furthermore, when someone invests or trades the price is what determines profit or loss, not corporate earnings or Federal Reserve policy. The bottom line is that the price determines success and fortunately, for whatever reason, prices tend to trend.
Trade with care.
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I'll risk less than normal on the USDCADDear colleagues, due to the continuation of the Iranian revolution against the Islamic regime and the ongoing violence of the oppressors of the ruling government of Iran, the possibility of insecurity in the Middle East region and oil export becoming extremely difficult is not zero. These conditions can increase the price of oil and the Canadian dollar. Of course, these events will have an impact in the long term, but for short-term analysis, it will also have an impact due to the fear of long-term actors.
My first short limit order will be around 1.3666
$TSLA's TA - The Path for the Last Mile's Rally.Price action wise, Tesla seems to be running out of steam.
June's pump was likely for Elon's sale for $TWTR's purchase.
There is nothing much literally left for the bulls, save for a last small buyback and purchase.
i) Fibonacci .382,
ii) 200 hourly ema &
iii) 234 resistance line
might prove as short term resistances.
JICPT| Microsoft retest key long-term MA, attractive technicallyHello everyone. Last Friday's better-than-expected job report triggered another sell-off amid concern of how much fed would increase the interest rate to contain inflation.
It's painful for tech-related stocks even those with tons of cash on their account.
Microsoft came to retest my long-term MA, which it has tested for almost 10 years. For me, this is a really attractive level to load.
What do you think? Give me a like if you're with me.
Market going down? What do you thinkDISCLAIMER: I DO NOT GIVE SOLICITATION TO BUY OR SHORT
Seems like market is continue its down trend based on pattern. What do you think ? OCTOBER 21 , 2022
I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated
Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses
Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind
Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at.
So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation
Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there.
ALKYL AMINES, TRADING AT MA100!!1. MA 100 is giving a very good support for alkyl.
2. one thing to note is it is forming a cup and a handle pattern, with the neckline drawn.
3. the stock has not given any returns, from past 6 months.
4. on 1st of august, the stock broke the trend line, to give a breakout, but it was not much effective, and from that period the stock is in a range.
5. have a look on MACD, there's no big bars as much
RESISTANCE LEVELS ARE DRAWN, ONE CAN AIM FOR THE STOCK TO GO UPSIDE ALL OVER TILL 4382
BankNifty looking bearish, Gap down ,Double Tweezer on top ??As per analysis Banknifty showing Tweezer on top on 4 Hours time frame, which means in upcoming week we can see a bearish moment in BankNifty
Banknifty having strong resistance at 39500 and nearest support at 39000 (open interest data).
Next strong support will be at 37833 as per 200 EMA ( Moving Average)
Please trade your plan accordingly.
Only for Educational purpose.
TSLA - Short on a big name in a bear market retrace Many of the big names in Tech, Industrials and Financials are going to be shorted as part of the strategy. We just want ensure a decent Reward/Risk ratio, 1.69 in this case, as the Macroeconomic situation remains gloomy for the next few quarters at least.
S&P is seeing reversal from MAJOR supportWe saw the S&P reverse yesterday by almost 3% in one day! Not only was this a key day reversal/a bullish engulfing candle but the fact that we are seeing this market charting that kind of reversal from such a key zone on the chart is we think critical.
We have the 200-week ma, the 55-week ma and long-term Fibonacci retracement all coming in around the 35000 level and the low this week has been 3491.
If you have been selling this market, you might want to take those profits because I think this thing is going to bounce!
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Dow Jones Industrial not looking goodDJI = Dow Jones Industrial is not looking good.
200MA, 200EMA (which has worked as support before) and key level ~29 700 was tested and turned to resistance like it is seen on the graph.
Next target ~26 800 and if that gets broken ~23 000.
IF history repeats itself, then we might go test the 18 200 levels which happened last time 200MA turned to resistance ( 2008 )
This analysis is invalid if we break ~29 700-30 000 and get on top of the EMAs
When Fed pivots and start to print money again the markets will turn, and the markets are probably going to sniff that before it actually happens. I think it's sooner than we expect.
-Jebu
NIFTY IT, STILL DID NOT GAVE A BREAKOUT!! MOVING AVERAGE!!just have a look at the two moving averages(50 and 100 ones), everything is understandable from this point.
its time to invest in most of the best IT stocks.
many FII have taken out there money from this stock.
IT sector is in the range to give a breakout from MID OF JUNE.
IT secotr is in great discount. good oppournity for swing trading. long term investment, and for breakout trading too.
PINS - potential golden cross?PINS has been forming a round bottom basing pattern for the past 6mths and is already starting to cross above it's 200 day moving average. There is a good chance that we could have a golden cross (ie 50d MA crossing above the 200d MA) in the near future and WHEN that happens, then a firmer uptrend could be underway.
Meanwhile a retest of it's recent pivot low @ 22 (which is also its 50day MA) is still possible but likely not to breach this level.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
BITCOIN 4H Analysis UpdateThere is no movement in the market in the last few days. The good thing is BTC holding above the support level, but the 200 MA shows a strong resistance so The market needs a good push to bring positive sentiment. New trades are risky and use a proper stop Loss.
This analysis will be updated!!!!
10.0.2.2022
Yours truly , Trader Needs