Pivot Yearly predictions for $KSM using hidden pivotsThis is a very basic trading idea published as part of my Crypto maket analysis for 2022.
It demonstrates the earning potential, predicted by Traditional Yearly Pivots.
On top of that, it uses my Hidden Pivots Indicator that is plotting additional levels of pivots from the R6-R10 and Support Pivots (If calculation allows it, as in many cases it won't) from S6-S10.
The Indicator plots automatically on each time frame.
You can have a look at it here:
And a deeper explanation of it here:
medium.com
In the case of $KSMUSD, you can see the four scenarios on the chart:
1.Likely in case of bear year - Downside to the S1.
2. Likely in case of bull year - Upside to the R1.
3. Likely on as very bullish cycle - Upside to the R5.
4. Likely on a bananas rocket to the moon year - Upside R10 and beyond.
For the whole long read and analysis on the pivot side of the crypto market 2022, see here:
rotzeod.medium.com
Pivot
Pivot Yearly predictions for $DOT using hidden pivotsThis is a very basic trading idea published as part of my Crypto maket analysis for 2022.
It demonstrates the earning potential, predicted by Traditional Yearly Pivots.
On top of that, it uses my Hidden Pivots Indicator that is plotting additional levels of pivots from the R6-R10 and Support Pivots (If calculation allows it, as in many cases it won't) from S6-S10.
The Indicator plots automatically on each time frame.
You can have a look at it here:
And a deeper explanation of it here:
medium.com
In the case of $DOTUSD, you can see the four scenarios on the chart:
1.Likely in case of bear year - Downside to the S1.
2. Likely in case of bull year - Upside to the R1.
3. Likely on as very bullish cycle - Upside to the R5.
4. Likely on a bananas rocket to the moon year - Upside R10 and beyond.
For the whole long read and analysis on the pivot side of the crypto market 2022, see here:
rotzeod.medium.com
Failed Breakout for NowLike most momentum stocks, FCX is having trouble taking out the ceiling. Its at a pivot of a cup and handle formation now. Volume has been light during the Santa rally but has big potential reward vs a small risk if breakouts begin to work in this market. I would love to see continued relative strength in the setup and big volume confirmation if it can move up through the pivot in the $40 range.
Water supply ETF $CGW may explote to the upsideIs in a confirmed uptrend and now after a volatility contraction pattern (VCP), AMEX:CGW is showing a pivot buy just above $60. My trade will be buying above the pivot with a stop just below the 50-day MA and a target sell at $66. Low risk trade with a 2:1 risk/reward ratio.
NASDAQ:PIO , another water supply ETF is behaving very similarly but, I prefer AMEX:CGW because it has had better historical returns. But still, could be a good trade.
Some of the industry leaders are also showing the same bullish pattern. The ones that I have on my watchlist are NYSE:DHR and NYSE:AWK .
The easiest way to use divergences in your own Pine strategiesDetecting divergences in a Pine indicator / strategy is easy.
You simply have to compare the pivot lows and the pivot highs on the price and the oscillator, and if you can identify a difference between the last & previous pivots made on the price and the oscillator, you have likely found a divergence.
Using this theory, here is an example how you would detect a Regular Bearish divergence:
While the theory of divergence detection is simple, more often than not, things go wrong (the divergence indicator used in the example below is TradingView's built-in Divergence Indicator ):
Would you identify this as a divergence? If not, why not? Is it because the divergence line is slicing through the candles? Or because the line is slicing through the oscillator? Or something else?
Wouldn't it be great if somehow you could filter out invalid divergences from code, such as this one?
We at Whitebox Software were wondering about the same thing, and decided to find a solution to this problem. This is when we realised that while detecting divergences is easy, detecting valid divergences is hard...
After several months in development, we are proud to present to you our divergence indicator called The Divergent .
The Divergent is an advanced divergence indicator with over 2500 lines of Pine Script, exposing over 30 different configuration options, including 9 built-in oscillators, to allow you to tweak every aspect of divergence detection to perfection.
For example, the Line of Sight™ filter in The Divergent would have easily filtered out this invalid divergence above. The Line of Sight™ filter will notice any interruption to the divergence line connecting the price or the oscillator, and will treat the divergence as invalid.
This filter is one of many, which has been created to reduce the false positive detections to a minimum. (In later publications, we will discuss each and every filter in detail).
Alright, so The Divergent knows how to detect accurate divergences, but how is it going to help you detect divergences in your own Pine strategy?
The Divergent is not simply a divergence indicator - it can also emit divergence signals * which you can catch and process in your own strategy. You can think of The Divergent being a DaaS ( D ivergences a s a S ervice)!
* Please note, that divergence signals is a Pro only feature.
To use the signals, simply place The Divergent onto the same chart you have your strategy on, import "The Divergent Library" into your code, link your strategy to The Divergent using a "source" input, and act on the signals produced by The Divergent !
Here is a simple strategy which incorporates divergence signals produced by The Divergent in its entry condition. The strategy will only open a position, if the moving average cross is preceded by a regular bullish or bearish divergence (depending on the direction of the cross):
//@version=5
strategy("My Strategy with divergences", overlay=true, margin_long=100, margin_short=100)
import WhiteboxSoftware/TheDivergentLibrary/1 as tdl
float divSignal = input.source(title = "The Divergent Link", defval = close)
var bool tdlContext = tdl.init(divSignal, displayLinkStatus = true, debug = false)
// `divergence` can be one of the following values:
// na → No divergence was detected
// 1 → Regular Bull
// 2 → Regular Bull early
// 3 → Hidden Bull
// 4 → Hidden Bull early
// 5 → Regular Bear
// 6 → Regular Bear early
// 7 → Hidden Bear
// 8 → Hidden Bear early
//
// priceStart is the bar_index of the starting point of the divergence line drawn on price
// priceEnd is the bar_index of the ending point of the divergence line drawn on price
//
// oscStart is the bar_index of the starting point of the divergence line drawn on oscillator
// oscEnd is the bar_index of the ending point of the divergence line drawn on oscillator
= tdl.processSignal(divSignal)
bool regularBullSignalledRecently = ta.barssince(divergence == 1) < 10
bool regularBearSignalledRecently = ta.barssince(divergence == 5) < 10
float slowSma = ta_sma(close, 28)
float fastSma = ta_sma(close, 14)
longCondition = ta.crossover(fastSma, slowSma) and regularBullSignalledRecently
if (barstate.isconfirmed and longCondition and strategy.position_size == 0)
strategy.entry("Enter Long", strategy.long)
strategy.exit("Exit Long", "Enter Long", limit = close * 1.04, stop = close * 0.98)
shortCondition = ta.crossunder(fastSma, slowSma) and regularBearSignalledRecently
if (barstate.isconfirmed and shortCondition and strategy.position_size == 0)
strategy.entry("Enter Short", strategy.short)
strategy.exit("Exit Short", "Enter Short", limit = close * 0.96, stop = close * 1.02)
plot(slowSma, color = color.white)
plot(fastSma, color = color.orange)
One important thing to note, is that TradingView limits the number of "source" inputs you can use in an indicator / strategy to 1, so the source input linking your strategy and The Divergent is the only source input you can have in your strategy. There is a work around this limitation though. Simply convert the other source inputs to have a string type, and use a dropdown to provide the various sources:
string mySource = input.string("My source", defval = "close", options = )
float sourceValue = switch mySource
"close" => close
"open" => open
"high" => high
"low" => low
=> na
---
This is where we are going to wrap up this article.
We hope you will find the signals produced by The Divergent a useful addition in your own strategies!
For more info on the The Divergent (Free) and The Divergent (Pro) indicators please see the linked pages.
If you have any questions, don't hesitate to reach out to us either via our website or via the comment section below.
If you found value in this article please give it a thumbs up!
Thank you!
UPDATED: Solana Future Pivots This is an add-on to my previous Solana chart you can find in my profile. The only difference with this one is that it has the next 4-5 days (12-8-21 through 12-14-21 super dialed in)
The accuracy on some of these lines goes down to the 5 minute level.... I'm expecting a significant kick off in price action within the next couple of hours.
I can't tell you which direction the price is going to go in, but I can stand by most of these vertical lines. I continue to refine the method I'm using and so there is still some experimental stuff on this, hence the different colors and different sizes of the verticals....in general, the larger the line, or more it stands out on the chart, the more significant I expect the move to be. The small orange lines (Edit: Hmm they look kind of red actually) are quite new and I'm testing them from a dialed in accuracy point of view....hence, you'll see those lines near other ones I created and posted in the original chart....the deep purple lines are new as well.
Anyway, this should provide a play by play over the following days even weeks ahead although there is more work to be done.
I will continue to update these until I can post with more confidence the significance of the various verticals you see.
Enjoy and trade safe! This is just an experiment not financial advice.
If you like, feel free to follow to see updates as they come. I plan on doing this for many charts over the coming months.
What are you waiting for? BUY THE DIPAnalysis are on 1D Timeframe
we're at the bottom of a long term bullish channel where we have major pivot and 0.618 level of Fibonacci retracement
we had a divergence at pivot A & a supporting pivot area that was successful to push the price much higher .the same structure is forming now at point B
It's too seductive to set a long order somewhere around 1.8
the targets would be channel midline, the next pivot and top of channel
I won't use SL for this . Cause it's a midterm investment and if it falls I will buy more
hope you have a profitable trades
Excellent CUP & HANDLE Reversal Pattern on LOONIEIts a good pattern that has developed on this pair. To be able to trade this with certain confirmation, we need the daily and 4H candle to close above 1.25000 resistance. After this a LONG trade can be taken to target 1.26500 Monthly R1 pivot.
THIS JUST REPRESENTS MY ANALYSIS ON THIS PAIR AND ITS NOT A TRADE SIGNAL. I HAVE MANY PAIRS THAT I MONITOR AND ALL OF MY TRADES ARE ON W, D , 4H TIMEFRAME (SWING TRADES). ITS NOT POSSIBLE TO POST ALL OF MY ANALYSIS HERE, HOWEVER I POST TRADE SIGNALS WHEN THE CRITERIA IS MET ON THE FX PAIRS I MONITOR. FOLLOW & LIKE TO RECEIVE FREE FX SWING TRADE SIGNALS CHEERS.
Arrow Electronics $ARW could follow $TRNS and make the breakoutIn the IBD ranking, NYSE:ARW is number 9 in its industry. While NASDAQ:TRNS is number one, which already made the breakout and has a +20%. Since I missed that move I´m focusing on SET:ARROW .
The electronics parts distributor has made 3 higher lows and shows a pivot buy above $123.50. With a stop loss at $118.27, my target sell will be above $138. I´ll be waiting for the breakout to take a position.
I´d like to add that the some of the biggest ETFs holders have momentum and alpha seeking strategies. Like AMEX:LSAT , $ AMEX:MTUM , AMEX:QVAL and AMEX:BOUT .
13 important things to know before trading PayPalHi folks, Yurii Domaranskyi here. Let's take a look at the chart.
1. levels are working great here
2. globally uptrend, locally downtrend
3. the level was confirmed with 2 false breakdowns
4. distant test
5. approaching with paranormal bars
6. from top to the bottom -27.84%
7. no accumulation near the level so far, approaching with paranormal bars
8. no rollback
9. closed in more than 1 ATR distance
10. level of a pullback + paranormal bar
from that point was made move to the other side of the range
11. has enough room for a move 1 to 5.1
12. no model ascending lows
13. report on November 13
Potential risk/reward ratio = 1 to 5.1 meaning that I'm risking a 100$ with a possibility to make 510$
Please, support our work with ❤️
EURUSD could target 1.16000 as a consolidation move! There is no doubt that EURUSD is trending lower, however it is completely in an oversold territory as the 4H RSI is indicating bullish divergence. Therefore this pair can be said to be in a consolidation phase. For this trade criteria to be met, the trendline needs to breached, after which the weekly pivots should be evaluated and a long trade can be placed depending on the RR. This might occur this week or next week. The initial target for this pair would be 1.16000 area (present of another descending trendline). However shall this target HIT, we can expect this pair to resume its downtrend towards the monthly psychological support of 1.15000.
Shall there be any updates regarding trade entry, i will post them in this thread.
Crude Palm Oil (FCPO)-Simple Wave CountToday is 11 October 2021. It's not even half of the month yet but price of FCPO has reached Monthly R2 (Traditional Pivot). That indicates the price is already overstretched. I believed the price should retrace. Furthermore, The bearish divergence does support the wave count that price already topped for wave 3 base on Elliott Wave count. Further confirmation is needed i.e. must break down the trendline and successfully retest it and continue the short-term downtrend.
FCPO is in a very bullish mode so I don't expect the price to retrace way below the Monthly R1 at 4785. Moreover, there is Weekly Pivot at 4811 to act as the first strong support that might be the catalyst for buyers to jump in the rally again.
The target for wave v is base on 1:1 ratio with wave i. It could go higher or lower than that.
USDCHF Might aim for S1 Monthly PIVOT shall the Trendline break!USDCHF might aim for S1 monthly support shall the ascending trendline break. For this criteria to meet, we need to see the daily candle pierce both the trendline and D EMA in the process. After this what is required is to assess the RR for this trade, if feasible we can enter a SHORT to target the S1 monthly pivot. The S1 Monthly pivot is also present in the same area with another ascending trendline. Due to this, i strongly feel that the price might go down until those level.
Shall there be any updates i will update the entry criteria below in this thread
AUDUSD might aim towards 0.700 support shall the trendline breakThe path of least resistance towards 0.7000 psychological support is open for AUDUSD to test, provided that the trendline breaks. Shall the trendline break, the daily candle also needs to pierce and close below S1 monthly support. Once this happens the price will likely target S2 support that lies just below 0.70000 support.
Shall the criteria take place, it would be good to exit the trade at 0.7000 psychological support rather than S2 support. Await updates in the comment section
TRICKY USDJPY SHORT MIGHT BE A TRAP! TRADE WITH CONFIRMATION!
Take a look at the above image of USDJPY daily TF chart. Its clearly visible that there many hurdles that USDJPY needs to clear before aiming low. In this case, the main chart that shows USDJPY 4H, shows that once the trendline breaks it will likely aim low. Due to this many traders might get trapped should they SHORT USDJPY once this trendline breaks. As a probable consequence, the price might likely start to reverse against their trade and head back up.
A CONSERVATIVE AND PATIENT approach would be to look at the bigger picture and scan for any hurdles that might cause the price to limit its downmove. in this case, scanning the daily chart (have a look at the attached image up). On this chart there lies a Monthly pivot and just below it lies the daily EMA. these two factors have been proven to be a strong support. To trade this setup with confirmation would be to wait for the DAILY candle to pierce and close below D EMA and Monthly pivot. Once this happens a short trade can be taken on 4H charts depending on the weekly pivots. The target which would likely be tested would the area near 110.000 region.
Shall there be any updates, i will post the entry requirements below
Retracement to 1.16500 required before SHORT entry! Target: 1.15EURUSD is currently in downtrend! However 1.15000 acts as a strong monthly support. So based on the monthly pivot points its best to wait for slight retracement to 1.165000 area for better risk to reward ratio. Monthly EMA was also pierced and candle closed below it, this further eliminates the hurdle of monthly support and opens the path to 1.15000 area.
i shall update the trade criteria once and if the price retarces for a better 1:1 RR.
EURUSD might fall towards swing low if rejection occurs at 1.165This week might provide a slight correction from last's week aggressive down move in EURUSD. As the downmove happened last week, the monthly EMA was pierced and M candle closed below it. This indicates the path towards 1.1500 is well and truly open to be tested.
Here we currently look at the 4H chart for this pair. a possible head and shoulders developing on 1H TF might result in a slight retracement towards 1.16500 level and 4H EMA. Shall the retracement be completed, it is advisable to look for rejection of the 4H EMA which can be confirmed by the TRENDLINE break. Shall the rejection take place, we can expect the price to target the swing low on 4H charts. However it also depends on where the weekly pivot points are present.
Shall all the criteria meet, i will update the trade details here
GBPAUD 📉Decline to pivot points⚡As of today, ltrym has been trading sideways since July 27th. During this time, clear boundaries and control points of support were formed. Further price movement - when the sideways range is broken, I expect a descent to the pivot point and back into the range - a false exit. We are also now at the lower boundary of the local ascending channel. If we break it, then we go down to the border of the range and push off from it. The second idea has more chances of implementation, since the sideline is quite old, which means its boundaries are quite strong.
Have a nice trade!