Get started

Priceaction

OIL INDIA BUY VIEW OIL INDIA - BUY PROJECTION Trade Setup : Fundamental Analysis Stock PE - 9.22 Industry PE - 20.7 Low Debt Promoter Holding - 53 % DII Holdings - 17 % Regularly Paid Dividend - 2 % Strong Fundamental - Stock Possible to Doubled - (Current - 474 ) (Target - 948 ) for Long term 5 years Holding .. Technical Analysis Monthly - Strong Support & Fib 50 % Day - Wait For Candle Close in Black Line Entry - 507 Rs Target - 740 Rs Stoploss - 408 Rs Happy trading .. Thank You ...
NSE:OILLong
by Dreamtrader00
2
NZDCAD - Follow the Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈NZDCAD has been bearish trading within the falling wedge pattern in red. Currently, NZDCAD is approaching the upper bound of the wedge. Moreover, the green zone is a strong structure. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green structure and upper red trendline. 📚 As per my trading style: As #NZDCAD is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
4
2025-01-20 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Bull channel is what you should trade for now. I do think the top is near though. My plan for tomorrow is to see if market stalls more around 21170/21200 and if bears come around to short this down to 21000 again. There I expect bulls to appear again and try another higher high. The bull channel is valid until broken and if bears could break it, first target would be 20850. current market cycle: trading range key levels: 20900 - 21200 bull case: Bulls want to continue inside the bull channel. That’s it. Look for pull-backs to long if bulls print a good signal bar. 21200 is my max target though, so I don’t expect market to go much beyond. Invalidation is below 20100. bear case: Bears need to break the bear channel. That’s also everything there is to this right now. Bulls are in full control until then and you should look to long this much more than shorting. It’s overbought, climactic, bubbly, yesyesyes and all of that. Does not matter one single bit until we clearly see much bigger selling pressure. Invalidation is above 21250. short term: Neutral in the middle of the channel but otherwise bullish until bulls clearly lost interest buying above 21000. medium-long term from 2024-01-20: Market hit 21k and now it’s about being patient until we sell-off again. current swing trade: None. Bears need to do much more before I want bigger shorts again. trade of the day: Buying 21000 has been profitable 3 times today. Trade the channel.
EUREX:FDXS1!
by priceactiontds
2025-01-20 - priceactiontds - daily update - oilGood Evening and I hope you are well. comment: We have touched the bear trend line and my bullish targets are met. The daily bar closed on it’s low and is decent enough for bears to get potential follow-through into the end of the week. I would want either very strong confirmation for shorts below 73 or a lower high below 75 before I short this. No interest in longs. current market cycle: trading range key levels: 71 - 75.5 bull case: Bears are not getting anywhere with this weak selling. It does look much more like a pull-back that will be bought soon than a bear trend that will accelerate. Bulls want to keep it above 76 and try again to get above 80. They are trading far above the daily ema and inside a perfect bull channel. They have all the arguments to buy this tomorrow and make bears cover again. 75 is a possibility but I would be very cautious with longs below. Invalidation is below 75. bear case: 3 consecutive daily bear bars but they are overlapping and market is still above 76. The next touch of this bull channel will most likely be bought and bears know it. Best they can hope for here is to stay below 77 and go sideways for longer. Invalidation is above 80.5. short term: Looking for longs around 76 for target 80. medium-long term - Update from 2025-01-19: Triangle is dead and market is now in a proper trading range with upside to 80 or even 85. Trade the bull channel until it’s clearly broken again. current swing trade: Nope trade of the day: Market did not find acceptance above 77.4 today and the sell-off at 2 p.m. cet was strong enough to just short it but it was going fast and I also missed it because I’m dumb.
NYMEX:MCL1!
by priceactiontds
#202503 - priceactiontds - weekly update - daxGood Evening and I hope you are well. comment: Neutral. Last week I noted that my bearish bias was probably not good since us markets were bullish enough and dax could not move below 20100. The big gap up on Tuesday was the first clue to refrain from shorts and on Wednesday bears gave up and we melted higher until Friday’s close. The upside is now probably very limited but it’s too early for most bears. My max target above is around 21200 and until bears print either a very huge down day or we had 2-4 days sideways to down movement with a retest of 20900/21000, I would not look for swing shorts. current market cycle: Bull trend (wedge or channel, difference does not matter) until we get below 20300 again. key levels: 20500 - 21200 bull case: Bulls are in full control since Wednesday and they will likely get 21000 and maybe a bit above it. Their problem is that they are buying high with multiple upper trend lines which could still be resistance. That argument is somewhat weak in the face of a strong trend and that is what we had last week. You never know how far they go but it’s climactic behavior and structuring longs above 20900 is tough. Longs only on strong momentum. Invalidation is below 20500. bear case: Bears gave up on Wednesday and they will probably wait for 21k and a reaction there. Never try to be the first bear. Let the big institutions show you where there is no more bid and then let the profit taking begin. V-reversals are so rare that you should almost never worry about them. Bears first target is the gap close 20675 and then the second body gap to 20574. Invalidation is above 21200. short term: Neutral. We have a clean channel/bull wedge up and we are very close to the upper trend line. Could go a bit higher before potentially reversing. 21200 is my max target. medium-long term from 2024-01-18: Market will likely hit 21000 and then it’s about patience to time the shorts right. current swing trade: Last swing short was not good but part of the game. I am waiting for bears to come around again. chart update: Marked potential targets for both sides.
XETR:DAX
by priceactiontds
#202503 - priceactiontds - weekly update - oilGood Evening and I hope you are well. comment: 4th consecutive bullish weekly bar but the tails above are getting bigger (weekly chart). The volume is also increasing, which could be a sign of more participants thinking it’s a good time to scale into shorts and out of longs. If there would be a run on oil because macro reason xyz, volume would have been bigger already is what I reckon. Does not matter much though, because bears need to do more before we can turn more bearish. First decent pull-back will be bought, so it will most likely be better to look for longs after a pull-back than to try and pick the top. current market cycle: trading range - on lower time frames it’s also obviously a bull trend key levels: 77 - 81 bull case: Bulls are in full control and want to break above the 2024-04 high 80.03. We are close enough to expect market to get there soon. Problem for the bulls is, this rally is parabolic and unsustainable. The last time we printed 5 consecutive bull bars on the weekly chart was mid of 2023. For now we can’t expect to see bigger bearish price action because bulls have been making money buying every small dip. Invalidation is below 76. bear case: Bears have made the first lower high which now looks like an ugly head & shoulders. I think the odds of this breaking down for a measured move to sub 72 are very low. Much more likely is that bears would exit fast on another push up and try again to keep it below 80. The current lower bull channel line runs through 75ish and it’s reasonable to expect a bigger pull-back over the next 1-2 weeks. Invalidation is above 80. short term: Bullish for 80 and then looking to short for a bigger pull-back down to the bull channel. A strong close above 80 would change my mind. medium-long term - Update from 2025-01-19: Triangle is dead and market is now in a proper trading range with upside to 80 or even 85. Trade the bull channel until it’s clearly broken again. current swing trade: None chart update: Added potential bear targets.
NYMEX:MCL1!
by priceactiontds
DOTUSD Plunge Alert Precision Short Targeting 10%+ Gains !The asset, DOTUSD, is showing a sharp bearish momentum with a decline indicating strong selling pressure. The current price is 6.905, while the short entry position aligns with a retracement after a peak profit zone 1. Trend Direction The price has broken below green channel, signaling a trend reversal from bullish to bearish. Red zones around the moving averages confirm the presence of downward momentum. 2.Entry Confirmation The short position appears to be placed after the market failed to hold its highs (Peak Profit 10.14%) and created lower highs, validating the short trade setup. Entry aligns with the rejection of resistance levels, suggesting a good risk-to-reward setup. 3. Risk Management Stop-loss is placed slightly above the sell zone, covering the recent swing high. This limits risk in case of price retracement. The profit target extends well below the entry, suggesting confidence in further downside potential. 4. Aetos Indicators A potential momentum-based or moving average indicator is being used to highlight peak profit areas, confirming optimal trade execution. The bearish engulfing candles in the sell region validate the short bias. Projection Target Zone: The profit target aligns with the 6.230 support level, indicating expectations of a 10% drop from the entry point. Downside Risk: If bearish momentum continues, there could be a breakdown below 6.230, extending losses toward 6.000 or lower. Analysis DOTUSD is experiencing a sharp bearish reversal after failing to hold its highs. The short entry capitalizes on lower highs and rejection near the resistance. Stop-loss is strategically placed above recent highs, while the target aligns with key support levels. This trade setup is supported by Bearish momentum. Clear breakdown below the moving average channel. High risk-to-reward ratio for short-term traders. Strategy Stay short below 6.905, targeting 6.230. If price retraces above 7.00, consider exiting the position. Always book profits partially and move SL to BE
BYBIT:DOTUSD.PShort
by wolfchemist
4
LINK on the Verge Bullish Breakout Sparks Momentum !Pattern The chart shows a descending wedge pattern. This is generally a bullish pattern, indicating potential price reversal or breakout to the upside. Breakout The price has broken above the upper trendline of the wedge. This breakout is a positive signal, suggesting that bullish momentum is building. Volume Confirmation Check if there’s an increase in volume during the breakout. A breakout with strong volume provides confirmation. Retest After a breakout, it's common for the price to retest the previous resistance (now turned support). Waiting for this retest can provide a safer entry point with reduced risk. Targets First target: The recent swing high near $24.50. Second target: $28.50, where there’s visible resistance. Risk Management Place a stop-loss below the breakout level or the lower trendline of the wedge in case the breakout fails.
BITGET:LINKUSD.PLong
by wolfchemist
6
CAD/JPY Rising Channel Breakdown Looms Bears in Play !Rising Channel Formation The price is trading within a rising channel, indicating a potential bullish continuation or a reversal depending on how the price reacts near the channel's boundaries. The upper boundary of the channel acted as resistance, where a rejection occurred, leading to a short setup. Golden Pocket Zone Around the 108.660–108.491 level, a "Golden Pocket Zone" is marked, indicating an area of potential caution due to increased market indecision. This zone aligns with Fibonacci retracement levels or historical pivot points. Support Levels A Good Trading Zone is identified between 107.248–106.780, which represents a potential support area for price reversal or consolidation. Wicks Pivotal Point near 105.851–105.817 serves as a critical demand zone where significant buying interest might reemerge. Short Position Setup Entry Signal: A Sell signal was triggered near the channel's resistance line, supported by a failure to break higher. The price also exhibited a rejection at a critical resistance level within the Golden Pocket Zone. Profit Levels The Peak Profit 0.22% label indicates a modest gain so far, suggesting a potential continuation if the price breaks below the channel support. A prior Peak Profit 2.96% was achieved on a similar short setup from a lower level, confirming the bearish potential within the structure. Target Levels First target: 107.248, aligning with the Good Trading Zone. Second target: 106.780, which is the bottom of the Trading Zone. Extended target: 105.851, Wicks Pivotal Point, for a more aggressive short. Stop-Loss Placement A stop-loss should be positioned above the Golden Pocket Zone (around 109.000) to protect against false breakouts or unexpected bullish momentum. Technical Patterns and Indicators Rejection Candlesticks The price formed bearish rejection candles near the channel's upper boundary and the Golden Pocket Zone, indicating strong selling pressure. Trendline Confluence The lower boundary of the channel intersects with the 107.248 level, adding confluence for a possible bounce or further breakdown. Momentum Analysis The price appears to lose upward momentum after several failed attempts to make a higher high, suggesting sellers are gaining control. This short position aligns with the current market structure, leveraging resistance levels, a rejection from the upper trendline, and bearish momentum. However, traders should exercise caution near the identified support zones and adjust stop-loss levels based on intraday volatility. A clear break below the Good Trading Zone could open the door to extended downside potential toward the Wicks Pivotal Point.
Short
by wolfchemist
2025-01-16 - priceactiontds - daily update - goldGood Evening and I hope you are well. comment: The bull channel is clear and valid until broken. I do think a bigger pull-back is overdue but until then, bulls are in control. current market cycle: trading range key levels: 2670 - 2770 bull case: Bulls want to print above 2761 and make a new high above the December high. If they can get it, we could see more upside to 2800 since there is no more resistance afterwards. the bull channel is tight and no matter how you count it, we had at least 3 legs up and betting on a 4th is a losing strategy in most cases. Invalidation is below 2700. bear case: Bears doing not enough and if they fail at 2761, we will go 2800+ again. Not much to interpret here. We are still in a bull channel on the 1h tf and bears would need a 1h bar close below the 20ema for a start. The previous times we got above 2740, we printed huge bear reversal bars and I am hoping for another one tomorrow. Bears are also seeing this as at least 3 legs up and they want another decent pull-back for at least 50 points like the prior ones. Invalidation is above 2765. short term: Neutral. Waiting for bears to come around here at big resistance. If they fail, we see 2800 soon. No bigger interest in buying this. medium-long term - Update from 2024-01-02: If we break strongly above 2700, we will likely retest 2740-2760 and depending on that move, we will either stay inside the big range 2560 - 2760 or retest 2800 or even higher. current swing trade: None trade of the day: Buying the double bottom on the 1h tf at 2722 before EU open. Otherwise just any pullback to the 1h 20ema.
COMEX_MINI:MGC1!
by priceactiontds
2025-01-16 - priceactiontds - daily update - sp500Good Evening and I hope you are well. comment: After hours selling was strong, especially on nasdaq. Sp500 is still well above 5950, which is my line in the sand for bulls. Below the odds for the bears increase big time. I still lean bullish for a retest of 6000 and I do think bears need stronger selling (spike + channel) to trap late bulls. Today was a trending trading range where all bars overlapped big time. The odds that we break below such a day after that rally are very low. current market cycle: trading range (bear channel/wedge on the daily tf) key levels: 5900 - 6030 bull case: Bulls want to chop around 6000 to find more acceptance and break above the big bear channel. Their next target is the prior high 6068. On the previous short squeeze we melted to 6068, pulled back hard for 60 points and then print a lower high. I still expect bulls to get a lower high closer to 6000, if not the breakout above. Invalidation is below 5950. bear case: Bears want to get below 5950 and then test the breakout price of 5918. The 50% retracement is also there at 5913. For now I don’t think today’s price action was that bearish but the after hours selling is weird to say the least. It’s a bad spot for both sides to trade at 5960ish. Invalidation is above 6020. short term: Bearish below 5950 and bullish only above 6020. Neutral in between. Again. medium-long term - Update from 2024-12-22: Ultimately 5200-5300 in 2025. Again, rough guess as of now and since we have not seen a strong first bear leg, these targets are the lowest I am willing to give an honest outlook about. If bears surprise and we see a huge leg down to 5500, we will go much lower for the second and third leg. current swing trade: None trade of the day: Shorting 6000 was decent many many times.
CME_MINI:MES1!
by priceactiontds