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Pivotstrategy

Nifty range setup for 29th Jun | Negative Consolidation continueMarket Opening : Gapdown (Expected*) Overall Structure : Neutral FGI Sentiments : Neutral - 44.78↑ Indian & 29↑ Global Index components : Neutral correlation Insider Data : Neutral, PCR: 0.91↓, IVP: 74↓, IV: 21.4↓ High, VIX: 21.45(27/34)↑ ↑Up : 15800, 15900, 16000, 16050, 16150. ↓Down : 15760, 15700, 15630, 15570, 15500. 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.
NSE:NIFTYShort
by ceogbs89
Nifty range setup for 28th June | Avoid the Volatile DayMarket Opening : Flat (Expected*) Overall Structure : Neutral FGI Sentiments : Neutral - 44.83↑ Indian & 30↑ Global Index components : Neutral correlation Insider Data : Bearish, PCR: 0.73↓, IVP: 86↑, IV: 28.1↑ High, VIX: 21.00(27.62/33.81)↑ ↑Up : 15800, 15900, 16000, 16050, 16150. ↓Down : 15760, 15700, 15630, 15570, 15500. Activity : Short Buildup/Short Covering Conclusion: Market took rejection to the upper level. Probability of negative move or may seems to be another volatile day. --- *Note: Identify the B/S zone, Follow the trend direction, and Enter after trend 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.
NSE:NIFTY
by ceogbs89
2
Pivots continued...So we continue on from the previous pivot post, I have now worked out all the levels and shown you the formula to do this for yourself. These levels like I said in previous post are great for when you are trading intraday, they can work as trade points or used to put stop losses the other side off. S3 and R3 are notoriously tough to break, you can watch price usually turn around at these levels and return back to the pivot and lower support or resistance levels. Pivots enable good risk reward when trading and offer good chances of safer trades... For example a sell just under the pivot you could use a stop loss just above the pivot and aim for S1, this has a good probability aswell as offering a nice reward for our risk. Happy trading :) more breakdowns and strategies coming soon. ZenFlo is out.
Education
by ZenFlo
Continuing Updated Renko Trading StrategyIncorporating a timeframe into the Renko Strategy The Renko charts on Trading view with the plan that I'm enrolled in will allow for a Renko chart's timeframe from 1 minute to 1 day or longer. Although Renko charts are supposed to factor out time, a timeframe is still used to 'set' the block which is an important concept to the trading strategy When publishing an initial idea in TV, you have to have a timeframe of at least 15 minutes. This isn't what I typically use but do so to accommodate TV. On individual charts, I will use a TF between 5-11 minutes depending on the market's volatility. If the timeframe is set to a small number, the Renko block will be set sooner and could lead to churn in the strategy while having a timeframe set to a larger number will delay the setting of the block which can lead to missed entries or exits. Using a combo of larger block sizes and higher timeframes of 5-11 minutes have seemed to provide good setups for the option trading strategy I use (buying Puts/Calls simple strategy based on market direction) The web has good articles on discovering patterns and levels of resistance/support using Renko charts. Another important concept with good discussions on the web is pivot points ( pivotboss.com ) My current strategy is to combine the current configurations of Renko charts with their weekly counterparts with yearly pivots (traditional and camarilla). In the book on Pivot Points (see pdf), There is an excellent chapter on pivot point analysis and % of probabilities in price action against the levels. I believe that incorporating these yearly pivots side-by-side and the Renko charts and their indicators plus the Linear Regression indicators provide a good foundation for an option trading strategy of simple buying of puts/calls. Referring to the btcusd chart, I've overlayed the 2022 traditional s1 and the camarilla s4 on the Renko chart. Looking at the DEMA 12/20 averages, they're currently split in a bullish position (12 over 20). The 12-May low tested the 2022 S1 level which coincided with the 2nd STD low. This action could be setting up a support level the market could push off. I don't trade btcusd but track it because the market moves 24x7 which provides a lot of training material to learn for other markets.
BITSTAMP:BTCUSDEducation
by mxb1961
1
AAPL: Doing exactly as expected. What's next?Hello traders and investors! Let’s see how AAPL is doing today! It did exactly what we expected it would, since our last analysis. Now we must update our thoughts. First, in the 1h chart, it did what it was supposed to do, and it dropped to the $ 144 area to fill the gap (blue square). Since this gap was around the 38.2% Fibonacci’s Retracement, the price found support there, and now it is bouncing back up. For us, this is not a surprise, as I already detailed this movement in my last analysis (link below this post, if you are curious), but the recent movement has some interesting implications. Despite the congestion, we still see an open gap at $ 150, and this could help the price to retest its previous resistance at $ 151. Meanwhile, any correction to the $ 144 is ok, but again, if we lose this point, then any possible bullish thesis will be frustrated for now. In the daily chart, we are still bearish, doing lower highs/lows and below the 21 ema. However, if we break the 21 ema again, AAPL will have decent chances of retesting the $ 151 again. Now, this alone is not a bullish reversal, but if we actually break the $ 151, then we’ll see a bullish pivot point. If AAPL triggers this pivot point, by doing a higher high/low, it’ll reverse the bear trend in the daily chart, and in this scenario, we could think about the gap at $ 174 (red dashed line). But we must wait for better signs, as for now, it is still a bear trend with low volume. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
1
RIVN: Doing its first BULLISH STRUCTURE ever!Hello traders and investors! Let’s see how RIVN is doing today! For the first time, RIVN is doing a clear bullish structure, and this could indicate a reversal ahead. In the daily chart, we see that for the first time ever, RIVN has a clear bullish structure, as it just did a higher high/low, and triggered a pivot point. In addition, it is trying to leave the 21 ema behind again (it tried to do that in the past, but with the lack of bullish structure, it failed miserably). Keep in mind that this is the early stage of a reversal, and the situation is still risky. Another key point we must pay attention is the red line at $ 33.46. This point worked as a support and resistance in the past, and could work as a resistance again. In the end, RIVN must break this point to confirm a reversal, and not lose it again. By breaking this line, RIVN could do a pullback to its 21 ema in the weekly chart, at least, near the $ 50 (the 21 ema is descending, so it’ll be lower in the next weeks, keep that in mind). Either way, we have a lot of upside potential in the mid-term. This is not a long-term reversal yet, as the trend is clearly bearish on RIVN since its IPO in November. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:RIVN
by Nathan_The_Finance_Hydra
2
SPY Channel Analysis with Levels (Week in Review Part III)POST FOMC MINUTES: 0DTE Credit Spreads, Long Trades, and LONG POSITIONS We must start with the TRENDLINE BREAKOUT that has been on our charts for weeks, and with the FOMC news behind us, the question for Thursday Premarket is do we reverse and drop during the Opening Range (OR) as we have seen so many times post FOMC. THURS: We got our answer pretty quick on THURSDAY with a GAP OPEN and immediate move over the WHITE SUPPLY Zone with the 1st ORANGE-BUY TARGET being hit in the Opening Range. Our AM Session included an Opening Range Breakout (ORB), so we held our LONG $ES_F and sold 0DTE $SPX Put Credit Spreads (PCS) under 3950 for Thursday...both of them printed. Our $SPY Traders still had 405.02 as Targets on their Daily charts from previous levels, and that level was hit immediately following a breach of the GRAY Line (R2-404.60). From there, we looked for a move towards the 2nd ORANGE Line (TGT 2) but SPY just couldn't quite get there. Any long positions cold have used the Daily 405.02 or the Intraday R2 (404.60) as a STOP EXIT for huge gains. SPY pushed almost 9pts on Thursday. FRI: In looking closer to the INTRADAY LEVELS, you need to recognize that FRIDAY's RED SELL TRIGGER was almost exactly where the previous day's BUY TARGET #2 was located. How can a SPY Level go from an extreme upside target to an actual SELL TRIGGER the following day? We cannot give the WHY, but rather just use the levels from our algo and trade what the day gives us. With the GAP OPEN, we cleared above the OVER/UNDER (not shown) and the GREEN BUY TRIGGER (408.57) in the first candle. From there, SPY hit the WHITE SUPPLY Zone early, and our upside targets were 411.02 (white dots from Daily chart) and 1st ORANGE TGT Line at 413. We anticipated the LOWS for the DAY (LoD) were in, so many held long $ES_F and others sold 0DTE $SPX PCS at 4050 and ultimately 4085. It was not until midway through our PM Session that SPY took out TARGET 1 (413) and then set it's sights on the Daily 415.15 (white dotted line) and Intraday R2 at 415.35 --which is EXACTLY where SPY CLOSED!!! What a late day squeeze...this was discussed and expected from the start of Power Hour!
AMEX:SPY
by VeteranWS
1
SPX: Almost REVERSING! Watch these key points for now!Hello traders and investors! Let’s see how the SPX is doing today! Again, the 3,979 worked as a resistance, and this is not a surprise at all. We've been talking about the 3,979 since last week, and we know that as long as the index stays under this price, it can’t do a decent reversal. The link to my previous analysis is below this post, as usual. At least, the index filled the last gap, making it an Exhaustion Gap, which is a sign of a reversal ahead, but again, in my view, we still must break the 3,979, as this will trigger a Pivot Point in the 1h chart. Another interesting thing is that we are trying to break the purple trend line in the daily chart, and this will surely put an end to the bearish bias. This alone is not enough for a bullish reversal, but by adding the other signs we have (Exhaustion Gap and possible Pivot Point in the 1h chart), we can build a nice bullish thesis. If the price finds a resistance at this purple line, and loses today’s low, we could drop again to the 3,858 (previous support). By breaking the 3,979, I see the index retesting the area around the 21 ema and the 4,090 in the daily chart, in the short-term. By breaking the 4,090, it’ll trigger a Double Bottom chart pattern in the daily chart, a mid-term reversal, that could take the SPX to the 4,500 again. I do daily analysis on the SPX, so remember to follow me to keep in touch with my insights!
SP:SPX
by Nathan_The_Finance_Hydra
4
Range setup for 5th April, Things to know before Opening BellMarket Opening: Flat Positive/Partial Gap down; Overall Structure: Uptrend; Sentiments: Neutral (47%); Market Mood(FGI): 87% Extreme Greed, likely to be turned down; PCR: 1.27 Bullish , IVP:46%; Target: 18150, 18250, 18450, 18600; Stoploss: 17900, 17800, 17600, 17450; Entry Decision: Buy Above 18150 or Sell Below 17900 (Suggesting to go trend side). Market maybe turn down after spending time(range) at upper level, OR Probability of pullback directly to retest at 17600. --- *P.S: Identify the zone, Follow the trend direction, Trade after trend confirmation. We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge purposes only & is subjected to market risk.
NSE:NIFTY
by ceogbs89
BTC BREAKDOWN — Holiday EditionIt has been noted that Q4 has been the best time for Bitcoin gains. With the holiday seasons rolling in, we’re looking for another period of growth in the markets. 1. BTC is currently at a relevant level of support 2. It is also approaching a potential pivot point (around 58K) within the trend channel. 3. If BTC respects the support level, it should continue bullish towards TARGET 1 @ around $65K (previous resistance), then TARGET 2 @ around $69K (previous high).
BITSTAMP:BTCUSD
by BrazyInvestments
BTCUSD PIVOT INDICATOR** The Channel Up and Pivot trend indicators** Bitcoin is trading inside a Channel Up on the 1D time-frame which has been lately supported by the 1D MA200 (orange trend-line). Since the uptrend started on the July 20 low, the price has filled all major Fibonacci retracement levels except for one, the 0.786 (which is roughly at 54420). That would make an ideal technical Higher High on the Channel Up if hit in the next few days. ** The RSI ** However we need to consider the Lower Highs trend-line on the 1D RSI . This is diverging from the price action as it is giving Higher Highs on the Channel Up for BTC . The longer it holds, the more likely a correction is possible. However a break above the LH trend-line may initiate a strong rally to fill the All Time High ( ATH ) Gap. ** The LMACD ** At the same time the LMACD is about to make a Bullish Cross. A complete formation would be very bullish for BTCUSD as the last one on July 22 was exactly at the start of this strong rebound. What's your current view on this? Is this all a strong bullish combination, or the RSI divergence can spoil the party? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via Trading View coins also help me a great deal at posting more free trading content and signals here !!
COINBASE:BTCUSD
by GerradFletcher
4