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Priceactionstrategy

SPY Daily Chart Analysis: Approaching Key Resistance at $564Looking at the SPY daily chart, the price has recovered well from its recent pullback and is now approaching a significant resistance level around $564. Key Levels: Resistance at $564: The green dashed line highlights this key resistance zone. SPY has tested this level multiple times, and we’re nearing another test. Each time the price approached this zone, it faced rejection, making it a critical level to break for continued upside. Support at $552.49: This is the immediate support zone, and it’s holding strong. Any pullback towards this level would be a natural correction but as long as we stay above it, the bulls remain in control. What I Expect: Potential Breakout: If SPY manages to break and hold above $564, we could see a significant rally, possibly testing higher resistance levels around $570. However, failure to break this resistance might lead to another pullback, with $552 acting as the first major support. Sideways Action: There’s also the chance that SPY could consolidate in the $552 - $564 range before making a decisive move in either direction. This would create a buildup of momentum before the next big breakout or breakdown. Final Thoughts: We’re at a critical juncture. If the bulls can push through $564, we might see a continuation of the larger uptrend. However, resistance here has been strong, so I’ll be watching closely for either a breakout or a rejection at this level. Stay cautious and watch for clear confirmation before making your move.
AMEX:SPYLong
by Deno_Trading
CRV/usdt buying idea hi everyone im msnp ok today we have CRV i think he has good potential for mid term like 6 month to get above 1$ we hit ATL and bonus up and before any major pullback we saw 0.36 now we are in a correction but when bull trend start? i think we have to test 50% of W pivot ( 0.27 -0.26 ) and we have a expending triangle but the important thing is BTC how he is acting in this period of time i think we are in a good phase TARGET 1 : 0.50 % target 2 : 0.85% target 3 : 1.5 %
Long
by imMsnP
7
EURAUD: Technical Outlook & Your Trading Plan Explained🇪🇺 🇦🇺 EURAUD is currently retesting a recently broken horizontal support. To sell the market with a confirmation, pay attention to a bearish flag pattern formation on a 4H time frame. Bearish breakout of a support of the flag and a 4H candle close below that will give you a strong bearish signal. A bearish continuation will be expected at least to 1.6465 level then. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
Highs and Lows Move Together: A Key Insight for Retail Traders█ Understanding Daily Highs and Lows in Trading When it comes to trading, understanding the dynamics of daily price movements is essential. Daily highs and lows, which represent the highest and lowest prices of an asset within a single trading day, are more than just numbers—they provide valuable insights into market behavior, volatility, and potential trading opportunities. █ What Are Daily Highs and Lows? Daily Highs: The highest price an asset reaches during a trading day. Daily Lows: The lowest price an asset hits during the same period. Price Range: The difference between the daily high and low, which gives a measure of the day's volatility. These metrics are crucial for traders because they not only reflect the volatility but also highlight the turning points in the market. A wide price range indicates high volatility, while a narrow range suggests the opposite. █ Insights from Research Research shows that daily highs and lows are not just random occurrences—they are statistically significant and can be forecasted with reasonable accuracy. For example, models that analyze the relationship between daily highs, lows, and the price range can outperform simple predictions based on past prices alone. ⚪ Highs and Lows as Important Levels: The daily high is the highest price that an assets reaches in a day, and the daily low is the lowest price. These points are important because they often act like barriers in the market. If the price approaches the daily high, it might struggle to go higher, like hitting a ceiling. If it can’t break through, it might start to fall back down. Similarly, when the price gets close to the daily low, it might find support, like hitting a floor, and start rising again. ⚪ Market Reactions: When the price reaches these highs or lows, it often reacts strongly. For instance, if the price hits a high but then drops, it suggests that traders think the price shouldn’t go higher, leading to a possible reversal. On the other hand, if the price keeps pushing against a high and finally breaks through, it could signal the start of a new upward trend. In simple terms, the highs and lows act like important checkpoints in the market. Watching how prices behave around these levels can give traders clues about what might happen next. █ Key Findings ⚪ Daily Highs and Lows Move Together: The study found that the highest and lowest prices of oil each day are connected and tend to move together over time. This connection means that if one changes, the other usually does too. For retail traders, this suggests that tracking these levels can provide important clues about where the market might be heading next. ⚪ Price Ranges Indicate Volatility: The difference between the daily high and low (known as the price range) is a strong indicator of how volatile the market is. A large range means the market is very active and prices are swinging widely. For traders, this could mean more opportunities to profit, but also more risk. Conversely, a small range indicates a calmer market with less movement. ⚪ Better Forecasting Models: The study shows that by understanding the relationship between daily highs, lows, and the price range, traders can use more accurate models to predict future prices. These models outperform simpler methods that many traders might be using. For retail traders, this means there are better tools available that can help them make more informed decisions and potentially increase their chances of success. █ Daily Highs and Lows Move Together Daily highs and lows are connected and influence each other. This means that the highest and lowest prices of an asset during a trading day tend to move in relation to one another. Imagine you're tracking the price of crude oil. On Monday, the highest price of the day was $80 per barrel, and the lowest was $75 per barrel. On Tuesday, the price went up, with the high being $88 and the low being $79. What the research found is that these daily highs and lows tend to follow a pattern or move in sync with each other over time. The increase in both the high and low suggests that overall market sentiment is positive, and traders are willing to pay more, even at the lowest prices of the day. █ What It Actually Means ⚪ Connection Between Highs and Lows: If the daily high price increases, the daily low price often increases too, and vice versa. This doesn’t mean they are the same price, but rather that they tend to trend in the same direction. For instance, if the market is generally moving up (bullish), both the daily high and low prices will usually increase from one day to the next. ⚪ Why They Move Together: This movement happens because the factors driving the price up or down (like supply and demand, market sentiment, or external news) impact both the high and low of the day. If there’s strong buying pressure, it will push the daily high up and also raise the floor, or daily low, as sellers adjust their expectations. █ What It Means for Retail Traders For new traders, understanding and using daily highs and lows can be a game-changer. These metrics offer a glimpse into market sentiment, help identify trading opportunities, and can form the foundation of robust trading strategies. By incorporating the analysis of daily highs and lows into your trading routine, you can make more informed decisions and improve your chances of success in the markets. Understanding that daily highs and lows move together can help you predict market trends. If you see a pattern where both the highs and lows are steadily rising, it’s a sign that the market is in an uptrend, and you might decide to buy, expecting prices to keep climbing. Conversely, if both are falling, it might indicate a downtrend, suggesting it’s a good time to sell or avoid buying. █ Reference He, A.W.W., Kwok, J.T.K., & Wan, A.T.K. (2010). An empirical model of daily highs and lows of West Texas Intermediate crude oil prices. Energy Economics, 32(6), 1499–1506. ----------------- Disclaimer This is an educational study for entertainment purposes only. The information in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell securities. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
OANDA:BCOUSDEducation
by Zeiierman
1
USDCHF: Your Trading Plan Explained 🇺🇸🇨🇭 USDCHF looks quite oversold after the yesterday's bearish rally. The price is stuck on a key daily support at the moment. My confirmation to buy the pair will be a bullish breakout of a neckline of a double bottom formation on a 4H time frame. A 4H candle close above 0.885 will confirm a violation. A bullish continuation will be expected at least to 0.8874 then. If the price sets a new lower low lower close on a 4H, the trading setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
Best Price Action Pattern For Beginners to Start FOREX Trading There are a lot of price action patterns: wedges, channels, flags, cup & handle, etc. If you're just starting out your Forex journey, it's natural to wonder which one to trade and focus on. In this article, I will show you the best price action pattern for beginner s that you need to start forex trading. I will share a complete trading strategy with entry, stop and target, real market examples and useful trading tips. High accuracy and big profits guaranteed. The pattern that we will discuss is a reversal pattern. Depending on the shape of the pattern, it can be applied to predict a bearish or a bullish reversal. Its bearish variation has a very particular shape. It has 4 essential elements that make this pattern so unique: A strong bullish impulse, A pullback and a formation of a higher low, One more bullish impulse with a formation of an equal high, A pullback to the level of the last higher low. Such a pattern will be called a double top pattern. 2 equal highs will be called the tops , the level of the higher low will be called a neckline . Remember that the formation of a double top pattern is not a signal to sell. It is a warning sign. The pattern by itself simply signifies a consolidation and local market equilibrium. Your confirmation will be a breakout of the neckline of the pattern. Its violation is an important sign of strength of the sellers and increases the probabilities that the market will drop. Once you spotted a breakout of a neckline of a double top pattern, the best and the safest entry will be on a retest of a broken neckline. Target level will be based on the closest support. Stop loss will lie above the tops. A bullish variation of a double top pattern is called a double bottom. It is also based on 4 main elements: A strong bearish impulse, A pullback and a formation of a lower high, One more bearish impulse with a formation of an equal low, A pullback to the level of the last lower high. 2 equal lows will be called the bottoms , the level of the lower high will be called a neckline . The formation of a double bottom pattern is not a signal to buy. It is a warning sign. The pattern by itself simply signifies a consolidation and local market equilibrium. Your confirmation will be a breakout of the neckline of the pattern. Once you spotted a breakout of a neckline of a double bottom pattern, the best and the safest entry will be on a retest of a broken neckline. Target level will be based on the closest resistance. Stop loss will lie below the bottoms. Double top & bottom is a classic price action pattern that everyone knows. Being very simple to recognize, its neckline violation provides a very accurate trading signal. Moreover, once you learn to recognize and trade this pattern, it will be very easy for you to master more advanced price action patterns like head and shoulders or triangle. ❤️Please, support my work with like, thank you!❤️
Education
by VasilyTrader
1
The ONLY Strategy You Need to Identify The Market Trend In this article, we will discuss a proven price action based way to identify the market trend . ❗️And let me note, before we start, that no matter what strategy do you use in your trading, you should always know where the market is going and what is the current trend . Your judgement should be based on strict and objective rules that proved its accuracy. There are a lot of ways to identify the market trend. One of the simplest and efficient ones is price action based method . This method relies on impulse legs . The market never goes just straight up or down, the price action always has a zigzag shape with a set of impulses and retracements. The impulse leg is a strong directional movement , while the retracement is the correctional movement within the boundaries of the impulse. UPTREND 📈The market is trading in a bullish trend if 3 conditions are met: 1️⃣the price forms an initial bullish impulse , 2️⃣ retraces , setting a higher low , 3️⃣then starts growing again and sets a new high with the second bullish impulse . Once these 3 conditions are met, we consider the market to be bullish, and we expect a bullish continuation in such a manner. Take a look at a price action on USDCAD. According to the trend-analysis rules, the pair is trading in a bullish trend. DOWNTREND 📉The market is trading in a bearish trend if 3 following conditions are met: 1️⃣the price forms an initial bearish impulse , 2️⃣ retraces , setting a lower high , 3️⃣then drops lower and sets a new low with the second bearish impulse . Once these 3 conditions are met, we consider the market to be bearish, and we expect a bearish trend continuation. According to the rules, NZDUSD is trading in a bearish trend on the chart above. CONSOLIDATION ➖The third state of the market is called consolidation . The market is trading in a consolidation if the conditions for bullish or bearish trend are not met . The price chaotically forms bullish and bearish impulses, usually trading within the range . Above is the example of a sideways, consolidating market, where the price sets equal or almost equal highs and lows and conditions for bullish/bearish trend are not met. Knowing the current trend, one always knows whether a current trading position is trend-following or counter trend, or it is a sideways consolidation trade. Learn these simple rules and try to identify the market trend with them.
OANDA:XAUUSDEducation
by VasilyTrader
1
GBPUSD | Perspective for the new week | Follow-upDive into the GBP/USD market dynamics with us as we dissect its recent movements and chart a course for the week ahead. After a brief dip to a weekly low sparked by disappointing UK Retail Sales data, GBP/USD bounced back and steadied above the 1.2700 mark. The USD's struggle to attract demand amid positive risk sentiment has provided support, allowing the pair to maintain its position. The UK's Office for National Statistics (ONS) reported a 2.3% monthly decline in Retail Sales for April, worse than the anticipated 0.4% contraction, hindering Pound Sterling's upward momentum. Conversely, across the Atlantic, US Durable Goods Orders surpassed expectations, though a downward revision to the previous month's figures tempered the impact, bolstering demand for the British Pound. With limited high-impact economic releases expected from the UK in the near term, this video delves into our strategies for navigating the evolving market landscape in the week ahead. Join us as we analyze potential trading opportunities and chart our course forward GBPUSD Technical Analysis: Will the pound hold above $1.27000? Watch this video for key trades this week. We analyze trends and levels for market insights. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
by darcsherry
GBPJPY: Growth Will Continue 🇬🇧🇯🇵 Update for GBPJPY. Earlier, I shared a very bullish forecast for the pair on a daily. Analyzing the intraday price action today, I see strong confirmations of my predictions. On a 4H, the price broke and closed above a resistance line of a falling channel, retesting the broken trend line, the price formed a double bottom and violated its neckline. We can expect more growth now. Intraday goals: 192.1 / 194.64 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
ZS short term upward reversal. ZS is trying to reverse downtrend. Bearish upthrust has been weakening over the last two weeks and price has already set daily higher low on the pre-market. For reversal to happen bulls must protect 192.5 and build value above 196. If the reversal happens it will probably not to last long as we're in a monthly consolidation. But it still can provide some nice profit Example of a possible trade is shown on the graph. Disclaimer I don't give trading or investing advice, just sharing my thoughts.
NASDAQ:ZSLong
by hermes_trisme
Price Peak Show Up After Denies Optus Sales' RumorPrice in 5 mins shows unreasonable price & volume formed. Despite high volume traded intraday, but the stock price stays within the range. This could mean the "Jedi" are holding the price up while churning volume to looks good to the public. ‌ From our analysis, we find these price movement a price peak & a possible short term retrace is building up. Which going for a short DLC, $Singtel 5xShortSG241218(DVZW.SI) will make more sense for us. ‌ This is just our short term view based on our analysis. You might like to share your view with us in the comment too! MAY THE FORCE BE WITH US! ‌ About our analysis : Utilizing the dynamic insights from a 5-minute chart. By closely examining this timeframe, we dissect the intricate volume and price transactions of significant market players. Our aim is to identify short-term support and resistance levels, enabling informed trading decisions. Through this meticulous analysis, we decipher price patterns and trends, providing valuable guidance for traders navigating the fast-paced realm of stock trading. ‌ Disclaimer: The information provided in this post is for informational purposes only and should not be considered as financial or investment advice. Any action you take upon the information in this post is strictly at your own risk. We are not responsible for any losses or damages that may occur in connection with the use of this information. Always do your own research and consult with a qualified financial advisor before making any investment decisions. The views and opinions expressed in this post are those of the author and do not necessarily reflect the official policy or position of any other agency, organization, employer, or company. #shorttermtrading #SGX #demandsupplytrade #pricevolumeanalysis #roundnsurge #DLC #shorttermtrading #dailyleveragecertificates #singtel #short
SGX:Z74Short
by ROUNDnSURGE89
1