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Pacific Biosciences of California, Inc. - positive divergenceOn the 5 day chart price action has corrected 90% since closing the previous idea (below) on June 21st 2023 after a 200% rally. A number of reasons now exist to consider a new long position now that the short is closed. 1) RSI resistance breakout and backtest confirmation. 2) Strong regular bullish divergence. Look left. 3) Monthly support. See below. 4) No shares splits since last publication when trading at $14 5) Percentage of Shares Shorted 20.04%. That comes after a 98% correction. My goodness. Is it possible price action continues correcting after a 90% correction? Sure, sellers and short sellers alike know what their doing. Is it probable? No. Ww Type: Trade Risk: <= 6% Timeframe for long: this month Return: For elsewhere Stop loss: For elsewhere Previous long idea Monthly chart support
NASDAQ:PACBLong
by without_worries
9
The key is whether it can rise above 61K Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) It was created using the Trend-Based Fib Extension tool based on the candlestick of the selected point used when drawing the parallel channel. Therefore, from a short-term trend perspective, you can see that the area around the right Fibonacci ratio 0.618 (59369.59) ~ 0.5 (60650.13) is an important support area. - Therefore, the key is whether it can maintain the price by rising above 61099.25 after October 11. If not, and it falls, it is possible that it will finally touch the M-Signal indicator on the 1M chart. Currently, the M-Signal indicator on the 1M chart is rising around 52K. The expected crossover area is expected to be around 56K (56150.01-56950.56). - (Chart under test) If the M-Signal on the 1W and 1D charts breaks through the convergence area (1), it is expected to create a new rising wave. If not, we need to check whether there is support in the area (2). - BW v1.0 indicator's BW is an indicator that comprehensively evaluates DMI, OBV, and MACD. The interpretation method is 1. The horizontal line created by touching the 100 point becomes the trading reference line. 2. When it falls below the 80 point, the high point section is displayed. 3. The position is switched around the 50 point. 4. When it rises above the 20 point, the low point section is displayed. 5. The horizontal line created by touching the 0 point becomes the trading reference line. 2, 3, 4. are likely to have volatility, so the corresponding lines are the sections that must be responded to. In other words, they correspond to the time when split trading is conducted. --------------------------------------- The point to watch is whether USDC can be maintained above 26.153B as the gap decline decreases. The important support and resistance area for USDC is 32.435B. If the selling volume of BTC confiscated by the US government decreases and USDT gaps up, I think the coin market is likely to show an upward trend. If not, it may not be able to digest the selling volume and lead to further decline. ---------------------------------------- (NAS100USD 1D chart) We need to check whether there is support near 20313.8. Since the StochRSI indicator has entered the overbought zone, even if it rises, it will eventually fall. At this time, the point of interest is whether it can receive support near 20313.8. The most important support zone at the current location is 19582.6. ---------------------------------------- The chart consisting of parallel channels and Fibonacci ratios is a chart for chart analysis. Therefore, if your trading strategy is not properly established when trading with the support and resistance points confirmed by the Fibonacci ratio, you need to be careful because the transaction may proceed in the wrong direction. Therefore, you must mark the support and resistance points on the 1M, 1W, and 1D charts. - The chart that has been used since the past is the chart that shows the support and resistance points drawn on the 1M, 1W, and 1D charts. I think the support and resistance points shown on this chart are the most accurate among the charts I am introducing. However, it is difficult to see because it is too complex a chart to use for publishing as an idea. - I am testing whether I can trade with the trend, momentum, and market strength by comprehensively evaluating MACD, DMI, and OBV. I am testing it for use on time frame charts below 1D charts. When using it on time frame charts below 1D charts, you can disable indicators corresponding to 2 and 4 and use it. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the full-scale uptrend will start when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
USOIL Rallies, Tensions Rise, Could Price Soar More??Here I have TVC:USOIL on the Daily Chart! Starting with Technical, we can see Price has formed a Double Bottom at a Support Area that's kept Price afloat for quite some years now, but was last visited and acted as Support for Price back in the Spring of 2023! Price has Broke the Confirmation of Pattern @ $72.36 and is now Breaking the Local Falling Resistance from prior July & August 2024 Highs. Regardless, Price Action has Broken Structure and created Higher Highs and Lows, confirming Uptrend, starting with the Higher Low of the Double Bottom on Oct. 1! - Currently we want to see this Bullish Rally continue Breaking Above the Falling Resistance and staying above the ( $71 - $72 ) Range that Price has been interacting with Signaling Bulls in fact are in control, then for a Test of the Break of Confirmation of Pattern and Test of the Break of Local Falling Resistance! * Once successful, we will see Price rise to the next Falling Resistance created from the Highs of Sept. 2023 & Apr. 2024! - Massive Bullish Volume enters on the 2nd Low of the Double Bottom on Oct. 1 - Price on RSI is Above 50 with the Break of the Confirmation of Pattern Now Fundamental, the biggest factor that seems to be at play for TVC:USOIL is all the Geo-political confrontation stirring up. Not only is the Russia/Ukraine war still ongoing, the tensions between Israel/Iran are seeing massive implications across the board! - Oct. 1 being the beginning of the Iran missile attacks on Israel www.tradingview.com - Now worries arise that Iran's Oil Facilities may be in danger as a possible Retaliatory Israeli Strike Target! With Iran eyeing Israel's Energy Infrastructure, Power Plants, Refineries and Gas Fields! www.tradingview.com * Oct. 7th is the Year Anniversary to the Israel/Hamas conflict and suspicions arise that we could be looking at things intensifying further!
TVC:USOILLong
by Novi_Fibonacci
Get Ready For The "Top 13 Iron Watchlist" + Gold Price ActionThis is something I have been struggling with "what indicator to use for the top 13 Iron watchlist ?? "which I will reveal to you On the 19th Of October,2024 This watchlist is whats going to rocket boost my trading for 2025 - Look at this chart notice that the stochastic rsi 3 day moving average has crossed the 14 day moving average? Also notice that the price is in an uptrend? -- This asset price is from the Top 13 Iron Watchlist This watchlist is a new way of looking at not only the market But what makes this one unique Is its purpose is to allow me to trade the market cycles both bear and bull markets alike One of the assets on this watchlist is this one COMEX:GC1! Because its a very powerful asset that protects against inflation With this Top13 iron watchlist the assets on this watchlist show you the assets that will turn and show you the market cycles of 2025 LIVE.. These are the assets that will show you the market cycles To learn more check out the rocket booster strategy as well Because I will also be using this strategy to determine the trend of the asset found on the Top13 iron watchlist Rocket boost this content to learn morre. Disclaimer:Trading is risky you will lose money wether you like it or not so please learn risk management and profit taking strategies.
COMEX:GC1!Long
by lubosi
Nasdaq’s bullish close provides platform for record highsNasdaq 100 futures have closed above 20370 for the first time since July 16, providing a platform for bullish trades to be established with a tight stop below for protection. The record high of 20984 seems an appropriate initial target. Granted, the bullish move wasn’t underpinned by meaningful volumes, which would have been nice to see. But RSI (14) has broken its downtrend and MACD has flicked higher after the briefest of ventures below the signal line, hinting momentum may be in the early stages of turning. Everyone knows the US inflation report is out Thursday, creating a risk event. But traders have already removed more than three rate cuts from the Fed funds futures curve by the end of 2025, so the threat posed by a hot number does not look as acute as a month or so ago. It’s also worth remembering that while higher US bond yields erode the value of future cashflows, so large are the cashflows of the tech titans they don’t need capital markets to fund their growth like smaller, cyclical firms. Therefore, I’d be more concerned about outlook for US small caps if the inflation report were to print strong. Good luck! DS
CME_MINI:NQ1!Long
by FOREXcom
XOM Stock: Using The Rocket Booster Strategy In 3 StepsThe oil prices NYMEX:CL1! are looking like they are going to rise. Why? Am really not sure about why but one thing for sure is the price hike is coming The oil price affects this stock which is one of the stocks on my watch list Because of my change of trading I have developed a permanent watchlist Again you need to understand that am not day-trading these stocks forex or crypto am looking at these trades like investment opportunities. Yes you may get discouraged but don't give up On building your watchlist which is a very important step to a successful trading career Also notice that this price action follows the rocket booster strategy The rocket booster strategy has 3 steps: #1-The price has to be above the 50 EMA #2-The price has to be above the 200 EMA #3-The price has to be in an uptrend. This is what you are seeing here on this chart of NYSE:XOM Remember to learn more rocket boost this content Disclaimer: Trading is risky please learn risk management and profit-taking strategies.
NYSE:XOMLong
by lubosi
Simple13 Trading IdeaTechnical Setup: The stock is trading near its 52-week low, which suggests it might be oversold. The RSI is also in the oversold area, increasing the likelihood of a potential rebound. Financial ratios show PE at 21 and ROE at 22%, indicating that the stock’s fundamentals remain strong, and it may be undervalued at current levels. Entry Strategy: The buy zone between RM 1.10 and RM 1.16 represents a favorable entry point based on current support levels and the stock’s oversold condition. Profit Taking: If the price rises to RM 1.35, take profit as this represents an approximately 16.4% upside from RM 1.16, a reasonable resistance level in the current market condition. Profit-taking decisions should also consider individual trading goals and risk tolerance. Risk Management: If the price drops below RM 1.00, consider cutting losses, as the pullback could extend further than expected and breach important support levels. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research or consult a professional before making any trading decisions, as market conditions can change rapidly. MYX:CTOS
MYX:CTOS
by Simple13_Trading
How to REALLY Trade Divergences (One of My Favorite Entries)This tutorial might be short, but it is packed with potent information on how to REALLY trade divergences. Divergences are one of the BEST ways to catch market reversals. However, from what I have seen, most people do not have a real process for determining when a divergence is actually confirmed/triggered, and then how to determine targets based on the divergence setup. In other words, most people don't have a plan for trading divergence. This video will give you a full plan (Setup/Trigger/Follow Through) for trading divergences. I give full credit to Jake Bernstein, as this is a concept that I learned from him. He is one of the all time greats, and very worth your time to check out. I hope you found this video insightful. Have a great week.
CME_MINI:NQ1!Education
by Tradius_Trades
3
The key is whether it can rise above 5878.7-6119.3 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I think this is the first time I've written an idea for the SPX500USD futures chart. I'll give you an example of how to actually use it using the parallel channel that I introduced. No matter how good an indicator or chart tool is added, if you don't know how to use it, chart analysis can be done in the wrong direction, so it is recommended that you familiarize yourself with the core interpretation method and how to use it before using it. There are many examples of how to draw a trend line or how to draw a parallel channel, so you need to study how to draw it. ----------------------------------------------- (SPX500USD 1M chart) It is rising near the upper black line of the parallel channel. Therefore, it is likely to face resistance near the black line and fall. Accordingly, we need to check for support near 1 (5878.7) drawn with the right trend period Fibonacci Extension (Trend-Based Fib Extension) tool. If it falls, we need to check if it can rise along the middle point (black dotted line) of the parallel channel. However, since the section pointed to by the finger is an important support and resistance section, if it receives support near this section, it is highly likely that the upward trend will continue. - The left trend period Fibonacci Extension (Trend-Based Fib Extension) is drawn as the first rising wave on the 12M chart. The trend-based Fibonacci extension on the right is drawn as the last rising wave on the 1M chart. - The section drawn as a square box corresponds to an important section among the Fibonacci ratios drawn on the chart, and when viewed as a parallel channel, it passes near the upper black line, so you can see that it corresponds to an important section. - (1D chart) Since it is a futures chart, it is right to explain it on a time frame chart that can actually be traded, but since an idea can become useless as soon as time passes after publishing it, I will explain it based on the 1D chart. I think the most important trend in futures trading is the trend of the 1D chart. Therefore, when trading in the opposite direction of the trend of the 1D chart, you need to respond quickly and briefly. - A parallel channel was also drawn on the 1D chart. The first point is designated as the point that is supported and rises from the middle point of the parallel channel drawn on the 12M chart, and the point that the finger points to is designated to draw the parallel channel. The HA-MS indicator was used to draw the support and resistance points. However, as shown in the chart above, the HA-MS indicator may be distracting when viewing the chart, so I am explaining it by disabling it. - The key is whether the price can be maintained by rising above 5741.6. The 5741.6 point is the HA-High indicator point on the 1D chart, meaning that anything above this point is in the high range. Since the StochRSI indicator is currently in the oversold range, it is more likely to lead to an additional decline. Therefore, if the price falls, the key is whether it can be supported near the middle point of the parallel channel on the 1D chart, which is the section indicated by the circle. That said, I don't think it's a good idea to enter a sell (SHORT) position right now. The reason is that the StochRSI indicator is in the oversold section. Therefore, if you want to trade with a sell (SHORT) position through scalping and day trading, you need to respond quickly and quickly. Although the StochRSI indicator has entered the oversold section, the BW indicator is still rising. Therefore, you should consider that there is a high possibility of a fake or sweep that pretends to fall. Therefore, in order to make a big profit with a sell (SHORT) position, the BW indicator should be in a horizontal line at the highest point (100) and the StochRSI indicator should be falling in the overbought section. - Have a nice time. Thank you. --------------------------------------------------
OANDA:SPX500USD
by readCrypto
New chart tool released: Parallel Channel Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- You can check the detailed explanation of the newly added chart tool by clicking the link address below. www.tradingview.com --------------------------------------- The most important thing when drawing a trend line is where you designate the selection point. Therefore, it is recommended to draw the trend line before starting a trade. If you draw a trend line while a trade is in progress, you should be careful because your psychological state may be reflected when designating the selection point. - You need to select 3 points to draw a parallel channel. The first and second are the points corresponding to the trend line, and the third selection point is the point where the channel will be drawn. Accordingly, I recommend drawing on the largest time frame chart possible. I think that is the most objective way to draw parallel channels. - The chart above is the 12M chart, which is the largest time frame chart. If the 12M chart does not have the current candle arrangement, you should use the 1M chart. - As in the example chart above, create a trend line by specifying the low point of the rising candle after the falling candle. (Specify 1st and 2nd points) Then, complete the channel by specifying the high point of the candlestick to the left of the previous downtrend candlestick of the 2nd point. (Specify 3rd point) If you draw it like above and look at it on a 1D chart, it will feel like it is drawn well. ----------------- If you want to draw a 1D chart on a lower time frame chart, the 3rd point is the hardest to choose. However, since you can designate it in the same way as you drew it on the largest time frame chart, you have to find out which point corresponds to the 3rd point. - If you look at the current trend, you can see that it is forming a downtrend channel. Therefore, you have to choose a point to create a downtrend channel. - You can select and designate as shown in the chart above. When drawing on the 12M chart above (when in an uptrend) 1st point designation: Select the low point of the rising candle after the falling candle 2nd point designation: Select the point of the rising candle after the falling candle after the 1st point designation 3rd point designation: Select the high point of the candle on the left of the falling candle to the left of the 2nd point designation (When in a downtrend) 1st point designation: Select the opening price of the falling candle (wave) after the rising candle (wave) 2nd point designation: Select the opening price of the falling candle (wave) after the rising candle (wave) after the 1st point designation 3rd point designation: Select the low point of the rising candle (wave) to the left of the 2nd point designation If you select in the above way, you can get a feeling that something is well drawn. If you have your own drawing style, you can draw it that way. I am just giving you an example of how to draw, so you don't have to follow it. However, the important point is that you have to draw it according to the method of designating the selection point and creating a pattern. - If you look at the 1D chart above, you can see that there is a vertical line drawn. This vertical line indicates the high point of the StochRSI indicator. Since the current trend is a downtrend, the high point of the StochRSI indicator is indicated, but when it is an uptrend, the low point of the StochRSI indicator is indicated. And, based on that point, you can select the point according to the format of designating the selection point mentioned above. - The trend line is a tool for chart analysis. Therefore, in order to trade, the support and resistance points drawn on the 1M, 1W, and 1D charts must be indicated. So, if you have confirmed the trend using the parallel channel released this time, you must draw the support and resistance points to create a basis for trading. The reason is that since the trend line is diagonal, it is difficult to determine the timing to start trading. ----------------------------------- The method I am talking about is a method that anyone can understand. The trend line you draw should be a point that everyone who sees various support and resistance points can understand. Then there is no need to explain why you chose that point, and I think everyone can easily understand it. If you have a good method that you are using, please publish it as an idea and make it public. - Have a good time. Thank you. --------------------------------------------------
INDEX:BTCUSDEducation
by readCrypto
COT Analysis - Currency SectorA few weeks ago I was calling for shorts on 6J, longs on DX, and shorts on ZB. Those trades are well underway, with partials already taken. This week, COT strategy is supportive of longs for DX. Of particular interest is 6A (AUD). The commercials are more short this market than they have been in over 3 years. This is a very bearish signal. I will be focusing on shorting AUD this week, as in my opinion, it has the greatest potential for a significant down move. Have a great weekend.
CME:6M1!
by Tradius_Trades