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Pivotresistance

USDJPYHi USDJPY has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
LONG LTCUSDT (4H)The ELLIPSE trading strategy has generated a long signal (4H timeframe) for Litecoin (LTC) at $77.51. The price has recently broken through the monthly pivot (P) level (denoted by the orange line) and has subsequently seen both the price and lagging line on the daily chart break out of the Ichimoku cloud (as evidenced by the green background on the 4-hour chart). The first significant resistance level encountered was the yearly pivot (P) at $88 (indicated by the black line). The price has been hovering around this level for approximately 2 weeks. Today, the price has broken through this level with high volume, indicating that the trend is likely to continue with the next major resistance level being the yearly resistance (R1) at around $135. Keep in mind that there may be additional resistance around monthly R3 ($107), R4 ($118) and R5 ($129). Additionally, the alignment of all 9, 21, 50, 100 and 200 exponential moving averages suggests a bullish trend. Note that the halving of the block reward is scheduled to occur around August this year, which has historically led to a bullish momentum.
Long
by Cryptonerds
1
SPX: In a "No Man's Land"! But for how long? 🤔• The index hit our resistance at the 21 ema, and it couldn’t break it; • On the other hand, the 3,818 is a key support area, which is preventing a further drop to the 3,744 (next technical support level, green line); • As long as the index remains between these two key points, it’ll be in a “no man’s land”, moving erratically while we don’t see any good technical breakout indicating a possible bullish reversal or bearish continuation pattern; • There’s another key point at 3,911, which did work as a support/resistance multiple times since July 2022. If SPX breaks this key point, it might easily retest the 4k again, possibly breaking it; • The 3,744 plays a similar role, but to the downside, as if the index loses this key point, we might see a continuation of the bearish sentiment to lower levels; • For now let’s keep these key points in mind. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
2
Nifty range setup for 30th Jun | Negative Consolidation continueMarket Opening : Gapdown (Expected*) Overall Structure : Neutral FGI Sentiments : Neutral - 45.44↑ Indian & 25↓ Global Index components : Neutral correlation/Negative Divergence Insider Data : Neutral, PCR: 1.01↑, IVP: 85↑, IV: 24.7↑ High, VIX: 21.90(28/35)↑ ↑Up : 15900, 15980, 16050, 16130, 16200. ↓Down : 15710, 15630, 15570, 15510, 15450. Activity : Short Buildup/Short Covering Conclusion: N/A --- *Note: Identify the B/S zone, Follow the trend direction with a confirmation. Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data. We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge purposes only & is subjected to market risk. (Data source@20:30 IST)
NSE:NIFTYShort
by ceogbs89
1
NQ Power Range Report with FIB Ext - 10/12/2021 SessionContract - CME_MINI:NQZ2021 - PR High: 14696.25 - PR Low: 14664.25 Evening Stats - Gap: = N/A - Session Open ATR: 241.42 - Volume: 36k - Open Int: 228k - Trend Grade: Neutral - From ATH: -6.5% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 15247 - Mid: 14676 - Short: 14103 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQZ2021Short
by mv3trader5
Buying opportunity for BCHUSDT, 1HPrice have pretty strong support in Fibonacci Pivot Points. There is also pretty nice bullish cross on MACD. After that I expect price to turn and to go to R1 (~238), R2 levels (~244) Disclaimer Please remember that past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting. This post and/or the script don’t provide any financial advice.
Long
by QuantNomad
1
BEARISH CADJPY CYPHER PATTERN COMPLETION AT STRUCTUREThere is a potential cypher pattern completion at structure. Not just that there is a 200 EMA confluence, monthly candle open price and monthly pivot point. So look at all the elements of confluence we have at that location: 1. Daily Structure Level 2. cypher pattern completing at structure. 3. 200 EMA confluence at cypher completion. 4. Monthly pivot confluence at structure 5. monthly candle open price at structure. Please note that this is not trading advice, follow your trade plan. Cheers!
Short
by YemiTrader
A deeper look at the EURUSD. Even though the us dollar is experiencing weakness, There is resistance to be found and pivot points still to be driven to the ground. The horizontal lines display continuation and reversal points pertaining to Fibonacci re-trace-mint on prior overall greater trends. There are 3 scenarios. -Consolidation around these pivot points, Breaking and returning until a direction is decided. -A bounce off then and continuation into down trend.At which point we could reapply the Fibonacci for the according downward trend, To identify continuation extents. -The final scenario, is the pivot points are broken at which point we would apply the correct Fibonacci re-trace-mint, to see possible location of it reversal extent.
by ryanfarva
USDJPY Short: Wave 5 Break + Retest (Elliott Wave TCT)USDJPY has completed wave 3 of a potential 5 wave structure. The pair has broken a trendline to complete wave (i) of 5 and is retesting the trendline at the .618 retracement To add resistance, the 200 EMA and SMA lines sit above price and below the SL level. The daily pivot may also add resistance near entry. Entry is placed at 61.8% retracement with SL above wave 4 terminus and target at the 1=5 level. This setup yields a R/R of over 5. Bearish Confluence: Trendline break and retest Pivot resistance 200EMA Resistance 200SMA Resistance Possible wave (i) of 5 completion Significant .618 fib level at entry
Short
by glennmercer
2