Range breakout | Impulse of bull starthi Traders,
1. The swing formation is solid
2. BEL has taken the ascending trend line support.
3. The the range bound is weekly has broke upward, leading to impulse wave of bull trend.
4. Projected Target 1 and Target 2 with 20% and 40% returns from the CMP with 1:81 and 1:4.01 risk reward ratio respectively.
Rangebound
NQ Power Range Report with FIB Ext - 10/18/2024 SessionCME_MINI:NQZ2024
- PR High: 20413.50
- PR Low: 20377.00
- NZ Spread: 81.5
No key scheduled economic events
Quick auction return back to Tuesday lows
Session Open Stats (As of 2:15 AM 10/18)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 298.31
- Volume: 25K
- Open Int: 248K
- Trend Grade: Bull
- From BA ATH: -3.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
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.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Intel - Retest, reversal and rejection!NASDAQ:INTC has been establishing a slight bullish trend over the past couple of years.
A clear trend is the basis of every profitable trade, right? Yes and no. You should primarily focus on trading trends and entering positions during such phases. But Intel is a textbook example of a range bound stock; still there are trading opportunities everywhere. Currently Intel is retesting support and is starting to reverse towards the upside. But please: Manage your risk properly.
Levels to watch: $30, $45
Keep your long term vision,
Philip - BasicTrading
NQ Power Range Report with FIB Ext - 4/2/2024 SessionCME_MINI:NQM2024
- PR High: 18498.75
- PR Low: 18472.25
- NZ Spread: 59.5
Key economic calendar event
10:00 | JOLTs Job Openings
Prev session closed virtual flat, wide range
- Maintaining 2 week range
Evening Stats (As of 12:05 AM)
- Weekend Gap: +0.21% (filled)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 220.56
- Volume: 18K
- Open Int: 259K
- Trend Grade: Bull
- From BA ATH: -1.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
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.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 3/27/2024 SessionCME_MINI:NQM2024
- PR High: 18482.00
- PR Low: 18468.00
- NZ Spread: 31.5
Key economic calendar event
10:30 | Crude Oil Inventories
Maintain prev 2 session range
- Session open advertising potential to break highs
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 237.41
- Volume: 17K
- Open Int: 254K
- Trend Grade: Bull
- From BA ATH: -0.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
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.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NIFTY DAILY - 19/3/2024Another choppy day, Nifty open lower and traded range bound thought the session.
Nifty has formed green body small candle with upper and lower shadow.
Nifty took support near 21900 for the fourth consecutive time.
Further levels for nifty will be 22115 will work as resistance level and 22831 will work as support level.
Today’s Advance Decline ratio of NIFTY50
Advance - 21
Decline - 29
FII Sell – 2051.09 crore
DII Buy + 2260.88 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Review and plan for 19th February 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
😍Let's trade EURAUD up and down for few days!🎁Wow, do we have a surprise for you! Our AI screener has spotted a golden opportunity for you: EURAUD is in a ranging market for the next few days!
What does that mean? It means that the price is bouncing back and forth between two levels: 1.6346 and 1.6596. That’s a range of 252 pips or more!
How can you cash in on this situation?
🚀There are two ways:
👩💻If you are a manual trader, you can use oscillators like RSI, Stoch, or MACD divergence to catch the best entry points for both long and short trades. You can use lower timeframes like M15 or M5 to find these signals.
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This is a simple and effective way to make money from the forex market. But act fast, this opportunity won’t last forever! 💥
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Please drop a comment below, what tools and what strategy you will use to earn money from ranging market like this? We would love to hear from you. 😍
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SYMPHONY a good buy for 44% and 89% returnsSymphony is a big player in air cooler segment and the company is showing a buy signal under range bound trading strategy where the stock covers a range of price set it has covered multiple times in the past.
Buying level- 875
CMP- 885 (close to buying level)
Target price 1- 1216
Target price 2- 1593
Hope you understood.
Thank you for reading.
Have a happy trading and investing experience
29/08/23 Weekly outlookLast weeks high: $26824.0
Last weeks low: $26045.0
Midpoint: $25266.0
The weekly outlook starts on Tuesday this week due to the bank holiday. Despite a strong decline 2 weeks ago price has stabilised into a much tighter spread, almost like a sinewave across the midpoint.
Because of this for me personally there is no clear near term direction, however the longer term direction would seem to be bearish thinks to that new lower high after the pullback. We'll know for sure once a new lower high is posted.
If that happens, I would expect most of this years progress to be retraced back down towards the 19k area by the end of the year/Q1 2024.
For now there is not a lot to do as LTF chop is very difficult to navigate currently.
Until the VIX breaks this level, it remains range-boundA quick look at our VIX chart shows us that we are range-bound since June. Exactly, as I expected and have stated numerous times in past posts. But now, with the U.S. credit rating downgrade, fear has spiked. Will we break this range and move up? We could, yes. But to do so, we need the VIX to move above that 15.94 level with confirmation. As of today, the VIX can still be technically classified as range-bound at all time 2-year lows. Of course, when the VIX remains low, the market will remain relatively positive. This is bullish.
Stay tuned for further updates here.
Stew
TEAMLEASE 40% gain in 5 monthsThe share trades between a range of 1992 and 3212 and has covered the gap of 60% for 3 times in previous years. From the present level it can give a return of 40% in less than 5 months as per previous chart patterns. But the company is a small cap company so a risky bet to play. Please put money after deep thinking. The current P/E ratio is very low than the 7-year average P/E ratio and the company has significantly increased its revenue and net profit, so it becomes safer to buy it at this point of time. Present market analysis shows that it will furthur increase its revenue and net profit this year.
Thank you for reading it to the last
🚀🎯 GBPJPY Bullish Momentum: Capitalizing on the Range! 📈Hey traders! Are you ready for an exciting ride on the GBPJPY forex pair in the 4-hour timeframe? 📈💹 Let's explore this fantastic bullish setup together!
📊 Range-Bound Market: GBPJPY is currently experiencing a ranging market, with strong support at 180.000 and a formidable resistance at 183.500. In this dynamic environment, traders can spot lucrative opportunities by buying the bottom and shorting the top.
🐂 Buyers in Control: The buyers have taken charge as the price recently bounced off the sturdy support level at 180.000 and formed a double bottom
🛡️ Moving Averages as Support: The moving averages are playing their part as reliable support levels during this bullish momentum. Their alignment reinforces the buyers' strength and provides additional confidence in this setup.
💹 Profit Target: My primary focus is on riding this bullish wave towards the top of the range. As the price approaches the resistance at 183.500, I'll closely monitor the market for a potential shorting opportunity or a breakout setup.
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🚀
24/07/23 Weekly outlookLast weeks high: $30408.4
Last weeks low: $29885.7
Midpoint: $29363.0
For the first time in 4 weeks BTC has begun the week below 30K. The last time that happened price was at the ~26.5k but had a bullish momentum behind it. This time is different, the SEC Vs Ripple case (despite its positive outcome) has completely given up its gains and returned to the lower boundary of this long term range. A range that is becoming very compact in this previous week.
The story is still the same in my opinion as it has been for some weeks now. 32.5k is still the target for the bulls to grab supply.
The bears are looking to fill the large FVG all the way down to 26.5K area.
In conclusion:
IF price gets to 32.5k --> SFP back into range --> Short
IF price gets to 26.5K --> Shows strength --> Long back up to local highs
That's how I'm looking at this market, the chop is not very profitable right now for me.
17/07/23 Weekly outlookLast weeks high: $ 31843.6
Last weeks low: $30858.7
Midpoint: $29873.8
Post CPI week and BTC finds itself back within the same local range despite some very positive news coming from the SEC VS Ripple case. Alts rallied upon the news but BTC was capped at 31.8K, still short of the 32.5k target.
I do believe that was bitcoins best chance to break above the range, the daily close on Friday 14th was a bearish engulfing and that is a worry for the bulls as all the progress from the SEC news got retraced and some...
This could be the start of bitcoin unwinding should we lose the range bottom around 29.5k, the target would be to fill the inefficiency FVG around 27k before another attempt at that local high.
Despite some wiggles and shakes, SPX may disappoint this weekPrimary Chart: SP:SPX chart on a daily time frame with a key options-OI level (relating to JPM's quarterly collar) as well as a couple crucial VWAPs to monitor for this week. Support and resistance for the week are shown in blue horizontal lines.
SPX may trade within a modest range this week unless spooked by aggressive Fed officials' commentary, or encouraged by Fed officials watering down their hawkish views from the FOMC statement and SEP dot plot given on June 14, 2023.
Since the mid-June 2023 high in SPX, price has largely trended modestly lower into the 4300s again. It has remained below the anchored VWAP from this mid-June peak. This is a helpful level to watch for resistance for not only this week (which this post addresses) but also next week and into July.
For now, support lies directly at the large options level of 4320 (which has significant call gamma) which is JPM's short-call strike of its quarterly collar. That collar will be rolled on Friday according to options and vol experts who carefully track this information.
The weekly expected move from a leading brokerage is given at 57 points approximately. This equates to a range of 4291 to about 4405. The 16-delta calculation for the weekly expected move is a little wider, showing an expected move range of $4278–$4410. One other calculation using IV for the June 30 expiration is somewhat wider than the other two ranges at 4260-4428.
Even the volume profile seems to coincide with the expected-move range.
Supplementary Chart A:
Why use these expected move figures this week? They're not perfect, but neither is TA, and sometimes they may help especially at a time when options hedging flows may dominate the action—unless the Fed really does something inconsistent (which could push prices a bit farther than expected) or the Prigozhin / Putin saga isn't as resolved as it appears (completely unknown). This is no different from any other week where unknown black-swans often lurk, especially on social media, but almost never materialize.
So directional traders may be largely disappointed if price remains neutral. However, directional traders with efficiency and nimble precision may find opportunities at the edges of intraday or weekly ranges provided they can be patient for the setups with confirmation and risk management. This is not a recommendation to do so, however, as rangebound markets sometimes are best left alone. Remember the famous trading line about a time to go long, a time to go short, and a time to go fishing (or some other diversion). In any event, the best hope for an edge in trading such markets short term is to trade from the edge (major support and resistance for any range) once price stalls and appears to confirm a reversal. In short, though, the money makers will be the premium sellers in all likelihood for this week.
Nifty 50 Analysis based on price actionAnalysis based on price action to figure out how price reacts along with option chain, multiple pattern formation, tried to test Elliot wave too, retracement levels marked as per fib retrace, day low considered as strong support along with 2 resistance level as per Fibonacci. Candle stick analysis. Also used volatility index to figure out the movement of the market and levels it would break. Volume played special role today in breaking the support zone. Price stayed range bound until 1300 hours and then a sharp fall was seen. Expecting a Gap up on Monday with atleast 70 to 80 point and then another reversal.
Nifty Trade Setup (23-May-2023)So nifty moved 100 points and gained almost 60 points on first 15 minute candle with flat opening.
After first 15 minute gains nifty took support and moved range bound for 60 points up and down.
according to price action its still moving in rising Triangle Pattern and following will be my trade setup :
1.) If market opens Flat and if price breaks on upside for target of 18374, 18400, 18430 and 18450.
2.) If open Gap up will wait for price to sustain at that level or any rejections from the Targets.
3.) If open gap down near by support placed at 18270, 18230 and 18212. if price takes support on these levels will look for buying CE for 18330 .
4.) On Triangle Bearkout or Breakdown same levels will be targets on upside according to 1, on downside breakdown according to point 3.
Views are bullish and Gap up opening:
Reason strong buying in Adani Stocks.
Short-Term Technical Analysis:(GOOGL) for the Next Few Weeks!In this trading idea, we delve into the current state of Google (GOOGL) and explore the indications of an overbought condition. With a careful examination of technical indicators, it becomes apparent that a sell-off may be imminent in the near term. The analysis suggests the possibility of Google entering a range-bound phase or even experiencing a continued downward trend. Traders and investors should pay close attention to key support levels as the stock navigates through the next zone, as they may provide valuable insights for potential entry or exit points
Greaves Cotton - Technical AnalysisI have plotted chart of Greaves Cotton in monthly time frame. In longer period, we have observed that stock is continuously moving in range of INR 115-150 since Mid of 2014. Only due to covid crash, price went out off from the range. It is showing very long term consolidation.
In long term, company has earned a good reputation in manufacturing EV vehicles and other engines. CMP of such stock is INR 133 as on 13-04-2023. One can buy this stock for a long term with a stop loss of INR 110. Stock is having potential to reach up to INR 200. However, one can make his/her position based on own risk tolerance and financial capacity.
BTC/USD 28372.00 SSL TAKEN LONG IDEA 1:5 RR INTRADAY TRADEHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GREAT WEEKEND.
HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT TODAY ON BITCOIN .
BTC /USD BUILD LQ DURING ASIAN SESSION SAW A SWEEP OF THAT LIQUIDITY LOOKING FOR A SWEEP OF THE BUY SIDE LIQUIDITY.
* Fridays highs TAKEN looking to target buy side liquidity on the on BITCOIN .
* just like yesterday waiting for entries LONG with the ICT 2022 entry model.
* Targeting the Asian BUY SIDE LQ.
-This would be an ICT JUDAS SWING SET UP
* Overall target will be the SWEEP OF THE HIGH.
* + RSI DIVEGENCE CONFLUENCE
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA DAY SESSIONS TRADE
Bitcoin ranges By looking at the chart it's quite clear that BTC has 2 very distinct and important ranges.
The blue range between 15.3k & 25.2k has been our home for the past 9 months, by splitting this range up into quarters on the 1d chart you can see that price on many occasions respects these given levels.
The orange range is where we are now, we've broken up past the 25.2k range high and have now entered a range of 25.2k & 32.4k. These prices were set between may and June of 2022 while price was extremely bearish. As the chart suggest price is respecting the quarters of this range already and if we assume they will continue to do so this could be an efficient strategy for swing trading between quarterly limits.
The price ranges of these given segments are show to the left of the chart, this emphasises the need for risk management in a bear market and it's a lesson a lot of traders including myself learn the hard way. By holding onto BTC while it drops from 25.2k to 15.3k you would lose 39% of your investment, for that to break even again BTC needs to increase by 64%, it's something that a lot of people don't take into account so just a little reminder to some beginners.
A lot of people have positioned themselves waiting for a retest of the 25.2k area to ensure that we have entered a new range. I do think it's possible however the market rarely does what the masses expect.