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Rangemarket

BITCOIN range candlesticks and more correction ❌🧨Hello 🐋 based on the chart, the price stick in the range market cycle and it is temporary 💡📖 beside it is close to the descending channel resistance and resistance area and breakout of support to the downside happened 📖💡 for any other huge pump, we need more correction to the downside ❌🧨 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
6
SPX - Could be still whipping in a wide rangeAt the start of February, SPX saw a number of "affirmations" that the uptrend was underway: 1. broke up and continued to trade above it's longer term trendline resistence 2. traded above its 200 day MA since 24th Jan 3. followed by a Golden Cross on 1st Feb However the month of February began to see momentum evaporate as the index began to pullback below it's 20, then 50 days MA and finally stopped short at its 200 day moving average. There are now a confluence of immediate "supports" coming up between 3920 to 3949, namely: 1. the 200day MA @ 3940 2. the long term trendline resistence that could have turned support 3. 38.2% fib retracement of the big AB upswing that began from Oct's low @ 3920 4. which is also the 61.8% fib retracement of the more recent BC swing Therefore we need to see some rebound this week if the this pullback is just a breakup and retest of major prior resistences or something more bearish (which mean breaking below 3920). A look on it's monthly chart showed that SPX had been mostly whipsawing within a wide sideway range of between 3585 to 4150 for the past 9-10 months and it is possible we could have more of that (think "STAGFLATION"). Hence unless we see some rebound this week or it could likely be a short term trader's arena right now (ie high volatility, short term swing ups and downs). Can only wait and see. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
SP:SPX
by Juliac
Types of Markets in TradingView Land !!!👨‍🏫Hello👋 dear traders. I am Pejman👦, and today I want to explain the types of markets📈 with another story from TradingView🎢. Maybe you love the world of animation👶 like me, and I'm trying to make the trading world as beautiful and colorful as the animation👶 world🌍. So let's dive into another Tradingview🎢 land story. Once upon a time⏳, in Hundred Acre Wood, Christopher Robin decides to go to Stocktopia to live with other traders and try to learn trading skills📉. Since Winnie the Pooh🧸 likes Christopher Robin very much, he and his friends decided to go with him and move to the city🌆 of Stocktopia. They all knew that the path might be long and complicated😢, so they decided to compare different Types of Markets 📈 and talk about markets📈 along the way🛣. Do you know the Wise Owl 🦉? He always has many experiences of everything and explains them loudly. On the other hand, he had a lot of experience in technical analysis and said: When I was a beginner, I was baffled😟 and even lost a lot of money🤑 because I didn't have a good perception of the market📈. When my buy orders were filled, the stock would face a crash💥. And when I was selling, green candles📊 jumped one after the other. Annoying!😡 I only found out why when I went to Stocktopia and realized that the market📈 has its own types. Trends are essential in the market📈, and you need to learn to recognize trends. For training, first, I had to know what technical analysis📊 and its benefits are. There was a moment something caught my eyes👁 when I was surfing🏄‍♂️ on a website called “Tradingview,” and I opened the post to see what technical analysis is.👇 During my trading, I learned three types of markets 📈. Bullish 🟢, Bearish 🔴 & Range market📈. Tiger🐯: Whoo Whoo Whoooooo! I liked the name of the Bullish trend🟢. Can we start from that first? What is a Bullish trend🟢? The Wise Owl🦉 showed Tiger🐯 a chart from the book that was with him and said: Dear Tiger🐯, to find a Bullish🟢 market📈, you must first draw a trendline like a dynamic support trend line. Do you remember dynamic support and resistance lines? If you don't know these lines, it is better to read the story of Princess👸 Snow❄️White Chart and Trader Dwarfs before hearing the story of the market📈 types.👇 By the way, the Bullish🟢 market📈 is very similar to Tiger🐯. In the Bullish 🟢trend, buyers are happy and positive emotions are seen in the market📈 atmosphere. There are more buyers than sellers. That is, buyers hope for the growth of a stock. In the Bullish trend🟢, you must be fast, so that you don’t lose opportunities. As you can see in the chart, the price inflates more like a balloon🎈. It goes Higher High (HH)every time and forms a Higher Low(HL)🗻 than the previous one. But no Bullish trend🟢 is permanent. The market📈 will experience a crash eventually. So you have to be smart because shopping will only sometimes be profitable. You will get bloody candles if you wait to buy them in time. The Wise Owl 🦉 continued: The Bullish market📈 has conditions that I will explain based on my experience: Each Low should be at least one step higher than the previous one and make a Higher Low(HL) like the Tiger🐯. Usually, each High🗻 is formed one step Higher High(HH) than the previous one. Preferably, when the price rises above a High🗻, it is better not to return below it. This type of trend is called a Bullish market 📈 because when the bulls🟢 want to attack, they raise their horns from the bottom to the top. And the buyers increase the stock higher and higher by buying. Christopher Robin asked: What if Higher High(HH) doesn’t touch the previous High🗻? The Wise Owl🦉 said: This is a sign of a strong Bullish trend🟢. If you see such an event, prepare your dollars for shopping. Does anyone have any other questions? Eeyore said: What is the trend of Bearish🔴? Why is it named like this? Wise Owl🦉: How interesting that Eeyore himself asked this question because the Bearish trend🔴 is exactly like Eeyore. Ivor John has some negative feelings about him. Shareholders also feel disappointment😩 and fear😱 in the trend. Because of this, the number of buyers decreases, and the number of sellers increases. Candles turn red like roses🌹; the more sellers there are, the bigger this red flower garden🏡 will be. Highs and Lows🗻 form one after the other lower⬇️ and lower⬇️. In a downward trend🔻, if you are in a one-sided market📈, you should sell your shares, but if the market📈 is two-sided, you can present yourself for a sell/short position. In this trend, negative emotions may dominate the market📈, but sellers will be happy. Like the upward trend, the downward trend also has its conditions. Can you guess them before I say them? Po said: Ah, in the growth trend, each High🗻 should be formed lower⬇️ than the previous High(LH)🗻, and each Low should be formed below the previous one(LL). On the other hand, if the price falls below a Low in the downward trend, it is better not to return above that Low. The Wise Owl🦉: It was great, Pooh🧸. Now let's take a look at this Bearish trend🔴 chart. As you can see, there is no news of going up(HH)🔺 in downward trends🔻. Instead, we see Lower Lows(LL) and Lower Highs(LH). But the market📈 is only sometimes bullish🟢 or consistently bearish🔴. Does anyone remember the name of the third type of market📈 that I mentioned? Piglet answered with a bit of stress: Ummm, I think it was Range Market 📈. Wise Owl🦉: Hohohoho, you are right, Piglet. But don't be afraid and don't stress because this market📈 has no particular trend. If you looked at the chart and could not find an upward🔺 or downward trend🔻, the sea market📈 is tame, and no waves move the candles up🔺 or down🔻. The number of buyers and sellers in the Range market📈 is almost equal. In the market📈, Range traders are like piglets. A group of them have hope for stocks and buy with confidence, and another group is still afraid, like piglets, and thinks that the value of their shares may decrease. So they sell it. Neither bears🔴 or bulls🟢 win in the Range market📈 because they need more trading volume to pull the market📈 in the same direction and form a strong up🔺 or down🔻 movement. In the market📈, the price range is involved in two Ranges: buy or demand Range and sell or supply Range. The support zone pushes the price upwards🔺 in the buying Range, but the resistance one does not allow the price to advance. Therefore, the price is passed between these Ranges like a yo-yo until one of the parties enters more volume and breaks this price compression. The head will run away from one side when the price is done. As you can see in the picture, finally, the sellers ran away from the price :) And the bears🔴 won over the bulls🟢. Rabbit: I have heard that most financial markets are Range, and it’s more difficult to trade in this type of market. By the way, I don't want to rush, but I guess it's time to tell us the use of all this information. The Wise Owl🦉 laughed and replied: "Hey, you didn't rush. Now that you are familiar with different types of markets📈, it is time to learn how to trade in these markets📈." You must first draw trendlines in trending markets📈 to get a general view of the chosen stock📈. Then you can take a position in the direction of the trend. Be sure to remember that you’re entering at the right points. Take your time, because waiting is a flower that doesn’t grow in everyone's garden. The owl🦉 opened a new page and showed a downward trend🔻, which later turned into an upward trend🔺. Owl🦉 continued: As you can see from the chart below, the price is caught under the bears' claws, and the market📈 is bearish🔴. It has formed Lower Lows(LL) and Lower Highs(LH). But after the Bullish engulfing candlestick pattern, the trend changed and turned into a Bullish🟢 market📈. If you want to learn about candlesticks and how to trade with them, you can go to the following post because I have collected how to trade with all candlestick patterns in this post.👇 As you know, the more the price collides with a trendline📈, the more valid the trendline will be. So these lines📈 will become valuable, like support or resistance lines📉. In this example, we learned how effective candlesticks could be in identifying or finding the end of trends. Now it's the turn of the Range market📈, and it is possible to trade in this market📈 considering the volatility of the trend. In the Range market📈, as I said, the price is like a small fish🐠 stuck in a fast Eeyore. The flow of water💧 and the flow of buyers and sellers move this fish🐠 into the Eeyore bed🛌. As a trader, if you want to catch fish🐠 from this water, you must wait until it approaches one of the Eeyore beds🛌. Up🔺 or down🔻 bed, i.e., support line or resistance line. You can buy when you see the price on the support line, and when you see it on the resistance line, it is time to sell. Rabbit said: Haha. That is very easy. Buy low and sell high. The wise owl laughed😂 and said: You are exactly right. Trading in this market📈 may seem simple, but this fish🐠 can escape anytime. Trading in Range Market📈 is like eating a sandwich🥪. If you press your sandwich🥪 too much, the fillings of the sandwich🥪 maybe spilled out from the top or bottom. Everyone heard the sound of Po's stomach and laughed😂. Po said: We have been walking for a long time, and I also ate my honey🍯 on the way. How much is left? Christopher Robin looked around with his camera📸 and said we're finally there. I can see the lights💡 of Trading Wave🌊 Land🎡. The Wise Owl🦉 continued: Now, knowing the types of markets📈, you can learn more than technical analysis in this land. All of them went to the land of Trading Wave🌊, happy😊 that they got good information along the way🛣 by heaRange about the experiences of the wise owl. If you want to learn how to trade well like the people of this land🎡, practice today's tips and join me every week because I have many stories to tell about this market📈. This land🎡 is full of traders who lost their capital💸 and became disappointed😔 without carefulness and practice. If you don't want to be one of them, remember to manage your capital💸 and training. I hope you are always healthy and prosperous😎.
Education
by pejman_zwin
9
DOGE fundamental and technical sign for pump 🚀📖Hello 🐋 Based on the chart the price is close to the channel resistance and possibility of the retest to this area ✔️ and we expect to see gain and pump from here, besides the range market is acceptable scenario too 📖💡🚀 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
3
SP500 Weekly Forecast Analysis 3-7 Oct 2022 SP500 Weekly Forecast Analysis 3-7 Oct 2022 We can see that currently the volatility is around 4.38% for this week, decrising from the 4.58% from the last week. Currently there is around 24.3% that the asset is going to close either above or below the channel: TOP 3757 BOT 3430 The current volatility percentile is around 89th, placing us in a very risking and volatility week. And in this situations in general the market moves: AVG weekly bull candle = 2.5% AVG weekly bear candle = 2.76% With this mind, from the opening price it would situate us around TOP 3684 BOT 3492 At the same time, due to the nature of the opening price, making this weekly candle a bullish candle, there is currently a 38% that we will break the ath of previous weekly candle of 3750 and there is a 66% that we will touch the low of previous candle which is 3570. From the technical analysis point of view: The majority of moving averages ranging from 10 to 200, are currently around 66.6%% agreement that the market is in a short trend ( the current price is below those moving averages) At the same time if we are looking at the candle type since the beginning of the year, we can see that 59% of them were bearish, solidificating the bearish trend. News that can affect the price of this asset this week: - Monday 3 October : ISM PMI - Tuesday 4 October : JOLT Job - Wednesday 5 October : ADP and ISM release - Thursday 6 October : Initial Jobless Claims and ECB Report - Friday 7 October: Nonfarm Payrolls
CME_MINI:ES1!
by exlux
BTCUSD Weekly Forecast Analysis 3-7 Oct 2022 BTCUSD Weekly Forecast Analysis 3-7 Oct 2022 We can see that currently the volatility is around 10.02% for this week, rising from the 9.61% from the last week. Currently there is around 31.7% that the asset is going to close either above or below the channel: TOP 20900 BOT 17230 The current volatility percentile is around 70th, and in this situations in general the AVG weekly bull candle = 5.4% AVG weekly bear candle = 7.67% With this mind, from the opening price it would situate us around TOP 20000 BOT 17500 At the same time, due to the nature of the opening price, making this weekly candle a bullish candle, there is currently a 64% that we will break the ath of previous weekly candle of 20380, and there is a 25% that we will touch 18500. However if the current price is going to go below the opening of 19060, the ratios are going to be reversed, the 18500 will become 65% and the 20500 will become 25-30%. From the technical analysis point of view: The majority of moving averages ranging from 10 to 200, are currently around 80% agreement that the market is in a short trend ( the current price is below those moving averages) At the same time if we are looking at the candle type since the beginning of the year, we can see that 62% of them were bearish, solidificating the bearish trend. News that can affect the price of this asset this week: - Thursday 6 October : Initial Jobless Claims and ECB Report - Friday 7 October: Nonfarm Payrolls
INDEX:BTCUSD
by exlux
GBPUSD: Weekly Forecast 19th September 2021GBPUSD broke out of a minor range and headed south, essentially reversing the course of a short-term bullish trend. Overall, the market is still seen trading within a range between 1.3960 and 1.3610 and it is most likely to continue heading down towards the bottom. We can also see a symmetrical triangle forming so the rebound from the bottom may take place a little earlier at 1.3680 which could also be a buying opportunity. This week, we will focus only selling, awaiting pullback towards at least 1.3770.
Short
by AlgoVenture
SHIBUSDT in a range marketHey guys, As you asked about the SHIBUSDT, this market is in range right now and probably it will remain at this range for the following days. There are 3 things that we've to consider about this chart: 1. Price moves up and down between a support and resistance area (Range market) - It specified on the chart 2. The previous bearish trend 3. Bullish divergence on RSI(14) Based on these scenarios, we have a good range market which can be traded by selling at the top and buying at the bottom . ** After breaking the range, then we've to recheck the market and then act based on it. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
by Brian_Philips
2
NZD/USD SEEMS TO BE IN A DISTRIBUTION PHASE !! #BECAUTIOUS NZD/USD is possibly in a Distribution Phase after a long Bull-Run. The time to SHORT/SELL a pair can be NEARBY. Short/Sell NZD/USD is recommended once the Range Breaks Downwards. A safe SHORT ZONE could be 0.68550 Possible Targets could be 0.67130 and 0.64700. Stop Loss is not given yet because the Price is Still In Range and TRADE IS NOT INTACT YET. Note: This post is purely for education purpose only. Please do your own analysis before any trade. REASONS FOR DISTRUBITION PHASE ARE AS FOLLOWING; - No New Higher High has been formed since February 2021 - The Pair has been in a Bull-Run for more than a year - Strong Trend Resistance is near by and it is Intact - Descending Trendline shows that Bears are in Power - Prices have been under 200 DMA for a while now
Short
by M_Shariq