Get started

Rangeboundmarket

NQ Power Range Report with FIB Ext - 10/23/2024 SessionCME_MINI:NQZ2024 - PR High: 20521.00 - PR Low: 20490.50 - NZ Spread: 68.0 Key scheduled economic events 10:00 | Existing Home Sales 10:30 | Crude Oil Inventories Maintaining range between 20600 and 20300. Session Open Stats (As of 12:15 AM 10/23) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 277.72 - Volume: 15K - Open Int: 245K - Trend Grade: Bull - From BA ATH: -3.1% (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
CME_MINI:NQZ2024
by mv3trader5
Paychex (PAYX) Revenue miss... Is this the end?Hi guys! As always, im looking for macro trends/ signals and critical movements/ developments in the markets. What caught my eye is PAYX. Today it gets the focus as it had Q3 revenue miss and its down 6% pre-market. With panic coming in, ill go over technical developments and the big picture. Lets jump in. We are in the 1 week timeframe (note this weeks candle has not yet printed and can current develops can change throughout the week). Currently, we are range bound between $100.00 and $133.00. After the large bull run it had looking left. It is now in a period of accumulation/ consolidation in my opinion. This pattern started December 2021. So its a long-term pattern. Which will take alot to break out of. Breaking to upside would continue the bull run to new all-time highs. Getting there though, will take time. And we must break other obstacles first. First thing to break is the Short-term resistance trendline. 2nd thing to break is the upsloping channel highlighted, which is a intermediate trend. If we get rejected from any of these obstacles, we can also continue down to test the lower border of the range. Our first test of support would be the lower border of the sloping channel. We must also watch VOLUME -> increase in volume would help us with breaking this obstacles and eventually getting us to the top of the range and an eventual breakout. Watch also the 2 indicators i put up. MACD -> We need a bullish cross with the lines moving ABOVE black horizontal trendline to form a higher high. This would help the case of breaking trends, moving above the consolidation range and to new highs. If we get a bearish cross we can retest the support line of the ascending channel and lower range of the consolidation zone. RSI - A HIgher high print is needed to continue upward and eventually out of the consolidation range. Notice however the resistance ABOVE us, depicted by the trendlines. A bearish case is printing a Lower low, doing so may bring us down to the black support trendline. Depending on how low the RSI goes, will determine how far down we go as well. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on PAYX in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:PAYX
by SafofAllTrades
A Macro Analysis of TESLA: The Case For Being Range BoundHi guys and Welcome! As a trader its empowering to overanalyze an asset you would like to trade. To think of various potential associations or the direction that price action can have or go. It reduces any surprises and allows for you to be ready and strategize adjustments. And just NOTE: That this is just an idea/ theory and it does not have to play out as mentioned but i would urge us to atleast keep this idea in the back of our heads. Things have been great this year, with many big names booming in price. Many people calling for New ALL TIME HIGHS for many names. This is also true for TESLA. But what if we don't see all time highs in Tesla? What if in fact we are range bound, hitting the top of the range only to travel to the bottom of the range for a duration of time before we attempt new all time highs. It sure is a possibility, as we have done so previously. From July 2013 till the breakout in December 2019, we managed to stay in a RANGE. (Roughly 2345 days or 6ish years). This is not a bad thing per se. It helps the asset consolidate, create market structure and allows companies to stabilize, allowing them to fulfill the desires of investor sentiment, thus moving higher eventually. If you can determine the levels of the range, it is also tradeable. More on that in future posts, as i will be monitoring TSLA like a hawk. Now looking at our current RANGE. We've gone so far 1093 days. If history is any indication, we are about almost half way through our RANGE bound journey. Note that if we are range bound, it doesnt have to mirror our previous data point. Also that Investor SENTIMENT for TSLA is different now. Also don't discount the fact that currently we are bullish in TSLA, so possibilities of seeing $400 sooner than later is likely, until proven otherwise. Could we break out or do we double top/ stay range bound? That would be the place to re-assess the situation. One major factor in my opinion to help us determine what might happen is VOLUME. I think for us to really solidfy this idea of making New ALL TIME HIGHS, volume has to continue to increase and really spike when we reach the $400, RANGE TOP. We don't want to see volume below the PURPLE LINE DRAWN, but rather have it follow the GREEN arrow. Showing consistent growth and high volume. Also another thing to watch is the RSI. NOTICE the Black trend lines drawn. When we broke out of our 2013-2019 Range, RSI broke past the Black trend line to continue into our HIGHS. Come to current time, we are quite far off the Black Trendline drawn. This is something to watch. Again, history does not have to repeat in current price action BUT it does provide data on what could potentially happen. As a trader it is important to always try to see different angles. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on TSLA in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy
NASDAQ:TSLA
by SafofAllTrades
2
USDCAD 1.34943 -0.06% LONG IDEA 📈💡🐮HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at USD/CAD in the coming week 1. Closed the week range bound on the Dollar/CAD. 2. Looking for some Liquidity runs to get some directional perspective. 3. Should we break above looking for short entries towards sell side. 4. Looking to fill some gaps below . 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 - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
BTC: NEED TO BREAK ABOVE THIS ACCUMULATION RANGE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC is still moving in the same range. It is accumulating inside a rectangular box for more then a month. BTC is moving in a range of $18.4k to $20.4k level. Bulls need to break above the $20.4k level for a sustainable growth in BTC. Currently, it is rejecting from the $19.7k level. We have two important resistances $19.7k and $20.4k Until and unless we did not break and close above those resistance, all these pumps are just a trap. Important support for BTC is at $18k, if we break below $18k then we see a quick and sharp dump. Trade safely in this rangebound area. if you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
by CoreCrypto1
13
NIFTY Gets Jittery Near 18000- Could Test Bulls Near 17800As discussed in our study yesterday ( April 4) the index could not convincingly close above 18060 levels and consequently got dragged to test the strength of 17900 levels. The call writers who wanted to keep NIFTY below 18000 managed to do so for the day and the put writers had to give in some ground that they gained yesterday and last week. In the absence of any major news the Index seem to be comfortable trading in the range of 18160-17800. Since the weekly expiry is day after tomorrow's price action will be interesting to watch. On the options side one could see short covering near 18250-18300 strikes fresh put writing was seen in 17950/18000/18100/18200 strikes. On the call option side fresh call writing was seen from 18000 to 18300 strikes. One could also see long unwinding of calls from 17900 to 17300 strikes. Important levels are marked in the chart. Disclaimer: Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.
NSE:NIFTY
by binuppaul
CHFJPY RANGE. A possible move down to the daily support.The price has been trapped within this range since December last year. This last week, the price gave a fake break out of the resistance, then closed the week back within the range (forming a weekly pinbar). Within this upcoming week I can expect to see the price drop further down to the support once again around 166.305. Before I take entry on this pair, I'll wait for the price to once again retest and reject the range resistance at 117.613. If the price will give a daily rejection of that level, then I'll be interested in taking a short trade back to that support at 166.305.
by Francisbluepipsfx
SBH21 Sell from 15.00 to 12.00Sugar No11 has stalled its uptrend over the last 6 weeks and formed a range bound market between 15.00 and 14.00. Indian News The main fundamental reasons for this are the late subsidy announcements from India as they are currently subject to a WTO ruling which started November last year. "Meanwhile, sugar mills in India have held back exports as they await news on government subsidies. The World Trade Organization (WTO) is expected to rule on the legality of India's subsidies to its sugar exporters sometime this month after Brazil and Australia raised objections to the WTO about the subsidies. The ruling by the WTO has been delayed from July due to the Covid pandemic." because of this many hedge funds took long positions and are now stuck bellow strong resistance hoping on the fact that the WTO will be harsh on India after the pandemic which in my opinion is unlikely. Furthermore India will be desperately trying to gain a favorable ruling as "Monday's data from India's National Federation of Cooperative Sugar Factories was negative for sugar as it showed that Indian sugar output as of Nov 5 was up +32.8% y/y at 425,000 MT." Positioning of Funds and commercials As of 3Nov, Current commitment of traders sits at: Commercials - Long / Short 495,848 (+25,068)830,958 (+658) Non-Commercials - Long / Short 332,801 (-25,945)51,419 (+1,136) Producers - Long / Short 275,512 (+17,740)640,042 (+1,752) Swap Dealers - Long / Short 180,727 (+8,247)151,307 (-175) Managed Money - Long / Short 272,078 (-17,694)25,828 (-2,047) Other Reportables - Long / Short 60,723 (-8,251)25,591 (+3,183) This is the first time since the start of the uptrend in march this year that both manage money and non-commercials have reduced there long position in sugar showing the weakness of the market and the clear uncertainty of the market. Secondly commercials and producers have been hedging there position in favour of a market decline as the market is stalling. This uncertainty has created the opportunity where by most funds and commercials are waiting on the Indian news and to see if India will be allowed to take over the market share that Thailand has lost due to drought. Brazil Weather has been harsh in Brazil for the crop in the last 6 weeks "Maxar recently said that Brazil's sugar-growing regions had received only 5%-25% of average rain in the past few months, leaving crops "extremely dry." Also, a La Nina weather pattern could lead to prolonged excessive dryness in Brazil that cuts sugarcane yields." but despite that "Wednesday's data from Unica was bearish for sugar as it showed Brazil's Center-South sugar production in the second half of October rose +14.4 y/y to 1.7373 MMT, with the percentage of cane used for sugar climbing to 43.63% in 2020/21 from 32.02% in 2019/20". "The International Sugar Organization (ISO) on Sep 1 boosted its global 2020/21 sugar production estimate and increased its global 2020/21 sugar deficit estimate. The ISO projects that global 2020/21 sugar production will increase by +2.3% y/y to 173.5 MMT. The ISO also said the global 2020/21 sugar deficit would widen to -72.000 MT from -14,000 MT in 2019/20. This deficit will be a strong driving force if india, the current holder of most sugar surplus, is able to release there sugar on the note of a possibly favorable WTO rulling. Conab, Brazil's national crop forecasting agency, boosted its forecast Aug 20 for Brazil's 2020-21 (Apr/Mar) sugar output by +11% to 39.3 million metric tons from May's estimate of 35.3 million MT and 2019-20 production of 29.8 million MT. Conab raised its forecast for Brazil's Center-South 2020-21 sugar output to 35.7 million MT from May's 31.8 million MT. Brazil's sugar mills are expected to divert 46.4% of sugarcane to refined production, up from 34.9% in 2019-20 due to weak ethanol prices and demand. Currently a break out of the 15.00 resistance would show a change in market opinion and possibly a tighter consolidation before the indian news release. Whats your thought?
ICEUS:SB1!Short
by deetsking