NAS100USDWe can attempt to buy NAS100USD from specified level as it break last LH , also there is bullish divergence indicate that it move upward.
SL , TP mention in chart.
Oscillators
Crossover - TRITURBINE📊 Script: TRITURBINE
📊 Sector: Capital Goods - Electrical Equipment
📊 Industry: Electric Equipment
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages also giving Crossover.
📈 Right now RSI is around 71.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 537
🟢 Target 🎯🏆 - 591
⚠️ Stoploss ☠️🚫 - 507
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
MXN overvalued but not ready for long term sell.Mexican peso looks overvalued but long term sell signals are still missing. Current support is 15.79 and 17.61 as resistance. MA slow is 18.9 and MA fast is 17.8. Only sell signal is stochastic.
Resistance and MA signals might break after Mexican elections on June 2nd.
DON'T FALL FOR IT!! Can you tell me what's next?Every #Bitcoin consolidation since the bottom has had 3 things in common...
1. Each time, it has created a "retail" pattern, such as a wedge.
2. The pattern seemed to #breakout (signaling traders to go long and becoming trapped), only to realize the move as a #fake-out back into the pattern.
3. Then, there seems to be a continuation to the breakdown of the pattern (liquidating late longs and signal traders to go short and becoming trapped), only to deviate back into the pattern just before a massive move to the upside (liquidating the late shorts).
This false move to the downside, so far, has also always correlated to the bottoming of the #StochasticRSI.
The market makers want your bags and this is how they get them.
------
Tell me what comes next... 😏
📈Insightful Analysis: ALGO Coin's Potential Moves🔥🔍Let's dive into today's market analysis. Compared to yesterday, the market hasn't made any significant moves, prompting us to zoom in on the daily timeframe for a broader perspective. Today, our focus is on ALGO coin, presenting intriguing opportunities for both short and long positions. Let's dissect the price action to identify optimal entry points for futures and spot positions.
💎First and foremost, let's analyze the candlesticks. Candlesticks serve as the primary market data, providing invaluable insights into market behavior. While indicators such as RSI offer secondary derivations, they serve as confirmatory tools rather than primary signals for entry. Hence, our strategy hinges on understanding and interpreting candlestick patterns to gauge market sentiment effectively.
📈ALGO coin embarked on its bullish journey since September 2023, displaying sharp and oscillating upward movements, eventually reaching the resistance at $0.3196. Along this trajectory, it established robust support at $0.1591, acting as a pivotal level amid market corrections. The resilience of such key supports signifies market strength, yet a breach serves as a potent confirmation of trend reversal, albeit a challenging feat due to strong buy-side pressure.
📉Now, onto strategy. For short positions, a break below the central RSI line at 50, coupled with a significant candle confirmation, presents an opportune entry point. Setting stop-loss below $0.1591 ensures prudent risk management, while potential targets include $0.1305 and $0.1055, reflecting downside potentials. Conversely, for long positions, a break above $0.2113 serves as a trigger, with subsequent targets at $0.3196 and beyond, provided strong candle confirmation.
🛒As for spot positions, holders may consider liquidating upon daily candle closure below $0.1591, ensuring capital preservation. Alternatively, reducing exposure to initial investment while retaining potential upside allows for flexibility amid market uncertainties. For those seeking entry, a break below the ascending trendline, followed by a confirming candle, provides a compelling opportunity, with $0.1591 as a viable stop-loss level.
📝In conclusion, ALGO coin presents intriguing prospects for both short and long positions, contingent upon meticulous risk management and strategic entry execution. The market awaits, ripe with opportunities for those who dare to seize them.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Bitcoin - Why everyone is probably wrongYou may have noticed published ideas on tradingview.com are now calling for price action to take one direction and that direction is down. Don’t take my word for it, click on BTCUSD pair to the bottom right of this screen and then ‘ideas’ then ‘Recent’. A significant number of analysts are “short” at this time.
The number of short ideas should not be surprising, there is tens of millions of dollars in short interest around the 74-75k area waiting to be liquidated.
Two falling wedge patterns are shown on the above 1-day chart. All too easily these patterns produce false breakouts. How do you verify? Verification is made in a similar way to the recently published “How to void or validate a head and shoulders pattern” (idea linked below). We achieve validation by observing the movements of the oscillators.
1) A cross up of 20 indicates momentum is returning to the market. Look left.
2) Momentum oscillators cycle from above 80 to below 20 the majority of the time between 20 to 30 days. Look left and confirm, don’t take my word for it! At this time 26 days have passed since Stochastic RSI was above 80.
3) Considering points (1) and (2) the falling wedge now has a high probability of confirming the continued uptrend.
4) The wedge target area may be forecast by measuring the flagpole height (black circles). You can observe how accurate the first wedge target was forecast using this process. The forecast for the 2nd wedge is shown, towards the 115k area.
5) The 115k target area was first forecast from the “Is Bitcoin about to rally to 110-120k” idea (linked below) in July 2022 as price action was around $18k using the same method described above.
6) When the target is reached the bull market is over. There will be calls from all quarters informing us how price action is now going to $250k and beyond. Ignore it. The next macro long opportunity will be in 2026.
Is it possible price action continues correcting from the new all time high? Sure.
Is it probable? No
Ww
How to void or validate a head and shoulders pattern
Is Bitcoin about to rally to 110-120k
Trading with RSI: The Bad, The Good and Even BetterIn this video I explain how to use RSI (Relative Strength Index) to make trading decisions. You'll learn how to properly use RSI oversold condition, combining low timeframe price action signals with high level context analysis.
Besides of explaining three different strategies (the bad, the good and even better) I'll do back-testing on historical data to demonstrate how those strategies translate into real trading results.
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
📈MATIC Analysis: Waiting for Box Breakout in 4-Hour Timeframe🚀🔍Today's market saw a notable rebound from a crucial support level, reaffirming the buying opportunity for investors keen on sustaining prices above this support. As emphasized in previous analyses, the breach of this support and subsequent consolidation below it would likely signal a bearish trend, making position opening challenging until proximity to this support.
⚡️Currently, Bitcoin has undergone a minor upward correction, with altcoins also nearing the upper bounds of their respective boxes. The coin under scrutiny today is Matic (MATIC), with analysis focused on the 4-hour timeframe. Matic is currently confined within a box ranging from 0.6449 to 0.7491.
🔔Utilizing the volume fixed range profile indicator reveals balanced volumes within the box, suggesting a prudent approach of waiting for a breakout before considering positions. Therefore, the entry point for a long position is at 0.7491, while for a short position, it's at 0.6449.
📈For long positions, consider targeting the area around 0.8685, a strong supply zone where price rejection may occur. Conversely, for short positions, 0.5057 serves as a suitable target, offering robust support and aligning with the 1 Fibonacci extension.
✅However, the optimal exit strategy entails waiting for a trend reversal before exiting the position. This advanced approach necessitates a deep understanding of market dynamics and significant trading experience.
📊Additionally, dwindling volumes indicate waning trader interest within this range. When traders, especially those with significant trading volumes, are disinterested, it's prudent for others to refrain from trading.
💎For RSI confirmation, breaking above 64.27 could serve as a signal for long positions. However, given the market's lack of momentum, reliance solely on momentum indicators like RSI may not be advisable.
📝In conclusion, exercising patience for a breakout from the current box range is prudent for Matic traders, with strategic entry and exit points crucial for successful trading amid prevailing market conditions.
Last Leg To The Finish Line - UCHFHere I have USD/CHF on the Daily Chart!
Now we've been following USD/CHF since it created its NEW LOW back in Dec. '23.
This LOW I believe sparked the beginning of an Elliot Wave and currently we are looking at what seems to be a possible LAST LEG of this Impulse Move!
Price has currently created a HIGHER HIGH @ .90721, so we will be looking for Price to either:
1) Finish its BULLISH run to the Fib-Ext Ranged Target @ ( .91572 - .93426 )
-OR-
2) Look to make another Retracement to the ( .88726 - .88418 ) B/C Zone for another Potential Entry to surf the Wave the rest of the Way!
*RSI is showing we are currently Over-Bought, so this leads me to believe we could see price descend to our Zone.
Fundamentally-
-The BIG contributor to this scenario is with the SNB being the FIRST this year to cut their Interest Rates making the CHF look less attractive to investors
&
The FED holding rates gives the USD a Leg UP!
*Forecasters for Next Weeks News (Apr. 1 - Apr. 5) are leaning towards Bullish Outcomes so that could help feed the Bullish Mindset of traders for USD to start the new month off but ANYTHING can happen so BE MINDFUL OF NEWS!!
USDCAD | Short H4 | Market Exe | Loonie to Ride the GreenbackTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H1 & H4 time-frame
- Price action is at a Supply Zone area
- Price action may reverse towards the ascending support Trendline
- Targeting the 38.2% Fibo retracement
Suggested Trade:
Entry @ Area of Interest 1.3760 - 1.3800
SL @ 1.3854
TP 1 @ 1.3697 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.3611
Risk-to-Reward @ Approx. 2.12 (Depending on Entry Level)
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
BNBUST | Short H4 | Market Exec |Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 time-frame
- Price action is close to a Resistance Trendline & a Consolidation are
- Price action may reverse back towards the previous Demand Zone
Suggested Trade:
Entry @ Area of Interest 560 - 570
SL @ 580.66
TP 1 @ 552 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 535.15
Risk-to-Reward @ Approx. 2.18 (Depending on Entry Level)
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
GBP/USD maintains upward despite dipping to 1.2550 post-US NFPThe British Pound continues its upward momentum against the US Dollar, however, there has been a decline below the 1.2550 mark after surging to a high in the past three weeks at 1.2634 following the release of the US Non-Farm Payrolls (NFP) report.
On the 4-hour chart, the Relative Strength Index (RSI) has been trading above the 50 level and continues to trend upwards without any signs of change. This indicates stability and the continuation of the bullish trend in the market.
Gold Stabilizes Below 2,300 USD Amid Market FluctuationsGold traded below the $2,300 mark during Friday's U.S. trading session following the release of the Nonfarm Payrolls and Unemployment Rate report. However, gold still maintained stability and closed the session around the $2,300 level.
On the daily chart, gold continues to show an upward trend, despite dipping to $2,227. Technical indicators are still supportive of this trend continuation. The Relative Strength Index (RSI) remains above the 50 midpoint. Nonetheless, the risk of price decline persists if XAU/USD drops below $2,300.
Technicals Made Easy: Technical Dissection of Nifty Hourly ChartIn The above chart you can see how Nifty follows various Technical aspects of the chart. First of all we can see a Parallel channel in which Nifty is travelling. The channel has 3 parts.
1) Channel Top.
2) Channel Bottom.
3) Mid Channel.
Channel top will always work as a resistance and Channel bottom will always will work as support. Channel Mid or Mid channel will act as support or resistance depending on where the candles are. If the candles are below the mid-line, the line will act as resistance. If the candles are above the mid-line, the line will act as support.
Similarly the 50 and 200 EMA (Mother and Father lines) have similar characteristics. If the candles are below respective Mother and father line, the lines will act as resistance. If the candles are above the EMAs the EMAs will act as supports.
In the chart we also see negative MACD crossover at one particular point and candles behaving bearishly after the same. Similarly after a positive MACD crossover the candles might behave bullishly.
Technical analysis is simple process by which you try to study the combined psychology of overall investors and how they behave at particular levels. Technical analysis in other words is graphical representation of behavioural patterns of investors, keeping historical data at the core of decision making. It is also science and not some wizardry or magic. In case you want to learn more about Technical or Techno-Funda analysis you can leave a comment below.
Long-Term SBUX long after some stabilizationWith last poor earnings, Starbucks NASDAQ:SBUX generates my favorite long-term signal for potential long-term buying (Bollinger Bands torn & RSI oversold on weekly basis)
If the company gets its problems under control, there could be a reversal soon
After such negative earnings, however, the price still needs to stabilize somewhat
The stabilization of NASDAQ:META in the second picture took a week (picture 2) and of NASDAQ:NFLX a few weeks longer (picture 3) until the bottom was found after poor earnings
I will take a closer look at the earnings and the reasons for the strong sell-off of NASDAQ:SBUX and will probably buy a larger position in the next few trading days
The ideal price would be between $65 (resistance from 2015 and 2017) and $68.39 (low from May 2022)
XAUUSD: Gold Maintains Stability Around 2,300 USDGold recorded a slight increase to near $2,230 in Thursday's US trading session, amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar. In the Asian trading session on Friday, the price of gold continued to maintain stability, fluctuating around the $2,300 mark.
Based on technical analysis on the 4-hour chart, the Relative Strength Index (RSI) still remains below 50, indicating that the optimism is not yet fully stable. However, there are signs of recovery, with the RSI expected to rise to the Fibonacci 0.5-0.618 range. This presents an opportunity for further price increases, likely to attract the attention of investors.
EURJPY - Bullish Divergence - Trend Line SupportFX:EURJPY has retraced to a daily/4 hr trend line support level after creating a higher high in a bullish trend. Bullish divergence has also formed on the chart indicating good potential for a continuation of the bullish rally!
EUR/USD Holds Firm Above 1.0700 Ahead of US Jobs ReportEUR/USD gained traction in the second half of the day on Thursday, maintaining its consolidation phase above 1.0700 into Friday as investors geared up for the highly impactful data release of the week, the April US employment report. Positive shifts in risk sentiment were observed, which exerted downward pressure on the US Dollar during Thursday's US trading session and aided EUR/USD in reversing course to the upside following declines seen during the European trading session.
From a technical standpoint, the Relative Strength Index (RSI) on the 4-hour chart continues to hold above 50, and EUR/USD remains steadfast above the Simple Moving Averages (SMA) of 100, 50, and 20. This indicates that the upward trend remains intact and is likely to persist in the near term.
EUR/USD: Maintaining Upward Trend Channel !Overal, the EUR/USD pair continues to maintain an upward channel, sustaining stability around the 1.0730 level in the Friday's Asian trading session. This stability is attributed to investors awaiting the April employment report from the United States, which will include non-farm payroll data and the unemployment rate.
Looking at the chart, it shows that technical indicators are supporting the upward trend. The Relative Strength Index (RSI) is trading near the 60 level, indicating the strength of the upward trend.
📈Intraday Analysis:Identifying Short Entry Points For Bitcoin👑🔍In today's market, we witnessed a minor downturn as the support at 6115 was breached, signaling a brief downward trajectory. However, a significant bounce occurred at the first critical support level of 56708, indicating a corrective move towards the upside. As anticipated in the previous analysis, a rejection from 66480 validated the dominance of sellers, leading to the breach of the 61115 support level and initiating a downward trend.
📈Now, let's focus on identifying new entry points amidst this market correction. Currently, I perceive the market to be bearish, hence the entry points I'm proposing are for short positions. I'll refrain from considering long positions until the downtrend is decisively broken and the trendline trigger is activated.
✅We have two promising entry points for short positions during this correction. Firstly, the Price Rejection Zone (PRZ) ranging from 60000 to 61115 is a formidable area of both support and resistance, coinciding with the Fibonacci Golden Zone. Additionally, the SMA25 acts as resistance within this zone, potentially acting as a pullback point for the upward movement. Therefore, upon confirmation of a bearish candlestick pattern or a breach of short-term support levels on lower timeframes such as the 1-hour and 15-minute, entering short positions within this zone could be opportune.
⚡️However, this entry carries inherent risks. Alternatively, if you prefer a more conservative approach or miss this entry point, a safer option is to enter a short position upon the breach of the 56708 support level. Let's delve into the distinctions between these two entry points:
💎The first entry point poses a lower risk of invalidation and potentially higher profits in the event of a market decline. However, it also entails higher risk and may require a longer holding period within the position. Conversely, the second entry point is less likely to be invalidated and provides additional confirmation but may result in missing out on potential profits due to a stronger bounce. 💸Regarding targets, our initial target for this correction is set at 52437. Additionally, if the RSI enters oversold territory and breaks below the 23.79 support level, we can expect further downside movement, potentially reaching the aforementioned target.
📝In conclusion, amidst the current market correction, identifying strategic entry points for short positions is essential for capitalizing on potential downward movements. Traders are advised to carefully consider their risk tolerance and choose entry points that align with their trading strategies.
$SPY May 3, 2024AMEX:SPY May 3, 2024
15 Minutes.
Last 2 days AMEX:SPY managed to sort out the moving averages issues due to sudden up and down movement on May 1, 2024.
Now all moving averages have converged, 50 averages are around 502.5 levels.
So, for the day if I consider the last rise from 501.34 to 505.88, holding 503 levels I will have a target of 506 - 506.5 to 510 levels.
My SL will be 500.
If I consider the rise from 493.86 to 510.75, we can see that 61.8% retracement has managed to hold twice around 499.5 levels. Thus, I expect a move 510 levels only.
EURNZD | Short H1 | Market Exe |Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 time-frame
- Price action reversed away from Supply area
- Price action may reverse back towards Resistance Trendline and 61.8% Fibo Retracement
Suggested Trade:
Entry @ Area of Interest 1.8100 - 1.8110
SL @ 1.8156
TP 1 @ 1.8057 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.8009
Risk-to-Reward @ Approx. 2.03 (Depending on Entry Level)
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
SHIBUSDTWe can attempt to short SHIBUSDT from specified level if it break last HL , also there is bearish divergence indicate that it move downward.
SL , TP mention in chart.
