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Multiple Time Frame Analysis

Currys PLC** investment opportunity ** On the above 12 day chart price action has corrected 90% since 2016. An excellent long opportunity. Why? 1) Price action and RSI resistance breakouts. 2) Price action on macro support and resistance. 3) Strong bullish divergence as measured over.. 4) Some other stuff, will say elsewhere. Is it possible price action falls further? Sure. Is it probable? no Ww Type: Investment Risk: <=6% of portfolio Timeframe: Be long before the summer turns to Autumn Return: Will say elsewhere Stop loss: Will say elsewhere
LSE:CURYLong
by without_worries
12
Analysis: BBNI Sell OpportunityMarket Context: - Price is within a bearish Discounted Weekly Fair Value Gap (FVG). - Price broke Daily Trend Line. Entry: 5450 Stop-Loss (SL): 5850 and trailing Target Price (TP)2: 4300 (last swing low) Target Price (TP)2: 3100 (1.618 Fibonacci extension & Weekly Bullish FVG) Monitoring: Track the price daily and adjust based on new market information. --------------------------------------------------------------------------------------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
IDX:BBNIShort
by Phoenix-Rise-Trade
Analysis: LQ45 Sell OpportunityMarket Context: - Price is within a bearish Discounted Weekly Fair Value Gap (FVG). - Price broke Daily Trend Line. Entry: 960 Stop-Loss (SL): 990 and trailing Target Price (TP)2: 840-850 (last swing low) Target Price (TP)2: 730-750 (1.618 Fibonacci extension) Monitoring: Track the price daily and adjust based on new market information. ---------------------------------------------------------------------------------------------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
IDX:LQ45Short
by Phoenix-Rise-Trade
The S&P rally continues, defying all fears of a recessionLast week was marked by erratic price movements, leading many to recall the old adage, "no trade might be your best trade." The most confusing (and devastating) price action occurred on Thursday following the FOMC's interest rate decision. The Fed cut rates by 0.5 percentage points, sparking fears of an upcoming recession. Wednesday ended with a strong bearish "falling star" candle, tempting traders to take large SHORT positions. To be honest, I would have likely done the same if I had been trading that day (luckily, I wasn’t), as the least one would have expected was an overnight rally that wiped out short positions when the market opened on Thursday. This series of events is a perfect example of what makes trading so challenging— even a solid setup can fail spectacularly without any clear reason. Now, let's try to assess the current situation : 1. The Fed cut rates by 0.5 percentage points – This is actually positive for the economy and the stock market for many reasons (e.g. cheaper borrowing costs). At the same time there are no objective signs of a recession, only fears. 2. The SPX reached a new all-time high – How can this be bearish? 3. Both weekly and daily charts show a strong uptrend. 4. Almost all major SPX sectors closed the week strong, reflecting investor confidence. In summary, the market remains very bullish , with no indication that the trend is reversing anytime soon. Short term price action might be erratic, but long-term things look good both from technical and fundamental perspectives. Let’s stay calm and prudent. Important levels: Last major weekly high (538). As long as it holds buyers have control over weekly chart.
AMEX:SPYLong
by hermes_trisme
Can Bulls Muster the Strength for Another Rally?In yesterday’s video, I mentioned a high probability of Gold reaching a new all-time high (ATH) before undergoing a significant correction. As anticipated, the price pushed higher, with the new ATH now standing at 2685. After hitting this high, the price experienced a quick drop, but bulls held strong around the 2650 support zone. Since then, the price has rebounded to 2670 and has entered a phase of consolidation. This consolidation is forming a symmetrical triangle, which often signals a continuation of the prevailing trend. Considering today is Friday, and with the end of the month approaching, a push to test levels above 2700 is possible. That said, it’s important to remember the saying: “Trade what you see, not what you think.” What we currently see is solid support at 2650. As long as this support holds, the trend remains strongly bullish, making it risky to attempt to predict a market top. Short-term traders could search to buy dips against 2650.
OANDA:XAUUSDLong
by Mihai_Iacob
1
Bitcoin — Be Bullish But PatientBitcoin is starting to look quite bullish. On lower time frames we have an uptrend. Higher highs and higher lows: Also inverse head and shoulders. For my brain it's easier to see it on an upside-down chart: On the higher time frame we're still in a consolidation though. It is important to be ready for more sideways movement and short-term swings. Or we can get a breakout in just a few days. Who knows? 69K is currently the most important resistance and, once broken, is likely to become a point of no return.
INDEX:BTCUSDLong
by function_mechanic
XAU/USD 27 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued to surge printing all time highs with price pulling back very minimally. Price has printed a further bullish iBOS. Bearish CHoCH has been printed indicating bearish pullback phase initiation. We also have established an internal range. You will note the internal range has extensively narrowed, allowing price to confirm swing pullback phase by printing bearish iBOS. However, we remain bullish. Intraday expectation: Price to target weak internal high, however, due to the narrowing of the internal range and all HTF's requiring pullback, it would not be unrealistic is price printed a bearish iBOS. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Intraday expectation was met with price printing bullish iBOS. Price is now contained within an internal range and is in discount of internal 50% EQ. Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone. Alternative scenario: Due to all HTF's requiring a pullback, it would not be unexpected if price prints a bearish iBOS. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
MU: Trading Around a Critical Resistance Level!Since MU broke through its reversal point at $91.47, the stock has entered bullish territory, and has now reached our technical target at $111, which was set in our last public analysis on September 18, when the price was around $88 (link below this post). Now that the technical has materialized exactly as expected, according to the evidence we had at the time, we can update our reading. Daily Chart (Left): Resistance at $111: The price has reached its resistance at $111, however, it needs to close above it to confirm a true breakout. If a top signal materializes below this area, then a pullback might occur. Support at $96.18: Should a pullback occur, the $96.18 level, aligned with the 21-day EMA, can provide support. The price is comfortably trading above this area, which reinforces the bullish momentum. Gap Resistance at $127.24: If the bullish momentum continues, the next major level to watch is the gap resistance at $127.24. Closing this gap could provide a significant boost for the stock, as it will have cleared a major technical barrier. Weekly Chart (Right): Double Bottom Pattern: A clear double bottom is forming around the $85 level, which typically indicates a potential reversal pattern. The price broke through the neckline at $111, but it needs to close above it to confirm this pattern. Projected Target at $157.54: Based on the double bottom pattern, the potential target is around $157.54. This key point is the next technical resistance. Conclusion: MU is in a bullish phase, trying to break through the $111 resistance. With the double bottom pattern in play, the stock has room to test the $127.24 gap resistance and potentially extend toward the $157.54 target. However, should watch for possible top signals, as this could bring a pullback to the $96.18 support area, which may offer buying opportunities if the trend remains intact. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:MU
by Nathan_The_Finance_Hydra
2