Multitimeframe
EUR/USD | Institutional Analysis | Quasimodo PatternOn weekly timeframe, a potential liquidity could float below the double bottom. This is the most likely target. A continuation Quasimodo set up detected on Daily timeframe, so if we believe on our target we could grab the sell opportunity as described on charts. Additionally, we can find an internal liquidity, an extra reason for the market makers to push the price lower.
This opportunity seems to be safe as continuation with a strong target closely below.
Feel free to write your opinion on comment section.
Stay tuned with our ideas for updates and more opportunities!
TSLA, Why at least 470? Upgrade your TradingView !Where we get these numbers from? Do you look at just one time frame to make your trade decisions? How can one get insight about general trend of a stock? Are we in correction? Which cycle is the stock correcting?
Answering to all above questions needs multi time frame analysis. You can not be aware of whats going on in a market or stock without investigating different time frames.
Check out monthly time frame first to get insight about a trend of a stock. Do not make your decision just based on daily time frame. There are many examples which based on daily time frame you may think that trend is up but if you check out weekly or monthly time frame you find that it is just a correction.
Clear example of this concept can be seen on TSLA. If you see monthly time frame you will easily find that Tesla has completed 5 wave cycle and currently is making a big correction. TSLA completed its wave A of correction at around 0.382 retracement of mentioned cycle and end of wave C is around next retracement levels at 50 % or 0.618% which correspond to 470 and 370 USD respectively.
If you just use daily time frame you may make huge mistakes. You may not loose money by implementing some risk management strategies or sticking to your well placed stop loss but you will definitely loose energy for nothing.
As an example see people's published ideas on Apr 13th when TSLA just broke a minor static resistance at around 720. Most of people get excited and were strong bullish. They were just looking at daily time frame.
If you think that this is just an after the fact publication, I invite you to check out my related ideas especially that published on Apr 13th.
My Recommendation:
It is time to upgrade your trading view. Use multi time frame for your trades
Good luck every one.
XRP could to go back to $0.90 centsI decide to trade in short position this cryptocurrency in Bybit as I know the perspective in the crypto-market. In H8 timeframe, XRP show us that it's weakness the trend as Bitcoin or some cryptocurrency do. I mark a resistance line that XRP make higher low in the price action, and that show that XRP it's leading ot the bearish movement toward the $0.90 cents.
In H4 timeframe, we see that XRP it's into this simetric triangle, and that it's not an accumulation zone as cryptoucrrency are not stable this week. Maybe, XRP could to leading to $0.90 cents.
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Now, if we look in this Daily chart, XRP it's continue drop and there's a lot chances that XRP continue drop to $0.90 cents.
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Now, we see that in weekly timeframe, we could to down before that XRP continue exploding more in this rally.
For that, I will going just open up a Bitcoin and XRP (for bybiy) this week to short these cryptocurrencies.
NZDUSD Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: NZDUSD is sitting around a strong resistance in green so we will be looking for sell setups on lower timeframes.
on H1: NZDUSD is forming a channel in red (not valid yet) so we will be waiting for a third swing to form around it to consider it valid and sell on its break downward.
Trigger: Waiting for a momentum candle close below the gray area to sell.
NB: Until the sell is activated, this one would be overall bullish .
Good luck!