matic polygon0.96 is our resistance line. if we surpass it we will go to 3$
i based my stimations on RSI and ghost candles, from the last bullrun one year ago.
a cup and handle is being formed.
if you want another coin, just say it.
Rsidivergence
SPY - Short term bullish - Quick TradeHello Friends,
AMEX:SPY has shed a lot of value in a week but there seems to be some good news if you're looking for a very short term bullish trade. We will have to understand supply/demand levels on multiple time frames.
In a daily TF, Price opened gap down, approached a daily/weekly demand zone and closed within top 33.3% of a candle range(Bullish Pin bar candlestick). Bullish pin bar with a good volume suggests the presence of demand. There's a gap to be filled. So our first target is at the upper bound of a gap around 373.44. I like to use anchored VWAP as a dynamic support/resistance and also as an additional confirmation for the target. In a downtrend, I drop anchored VWAP from a recent swing high to find dynamic resistance level which is currently at 386. There's a visible supply zone between 381 and 390. So if price is able to breach our first target then the next safe target would be at 381. Target levels are marked on the chart below.
Zooming into 45 minutes TF, it is visible that before price opened gap down, there was a supply zone forming. Our first target is actually a lower bound of a supply zone. Additionally, a bullish RSI divergence is also visible which is an additional confirmation for price reversal.
Similar confirmations are found in 15 minutes TF as well.
Remember, Overall market is still bearish so you have to be very nimble while trading against the trend. A good trader always find opportunity in any market conditions!
Do you agree with my analysis? Please let me know your thoughts by commenting below and follow me for more such ideas. Happy and safe trading! :)
GBPAUD - Counter-Trend on Structure A simple structure based trade with Great Profit Factor even to the 1st target.
EURGBP - Bull Divergence & Multi timeframe 22/9/20221. Daily timeframe: Uptrend
2. 4h timeframe: Uptrend with 2 times rejection.
Quick hit n run [risky] shortBearish Wolfe Waves forming inside an ascending wedge.
I would wait for price to break the upper Value Area of the volume profile of the current trading range to confirm short entry .
RSI but looks ready for a little move to the downside. Golden pocket on the fib marked as well.
Will trigger myself a high leverage short taking targets first at the golden pocket, then according to reaction on POC and VAL of the volume profile I will decide wether to book more profits / close position or not. An ideal solution would be a sweep of the low.
Triangle fakeout / fake breakout could add confluence:
Trade safe and use adequate position sizing.
Bearish 3-tap setup on BitcoinWe have shot up to a new range high which got deviated and retested successfully (what looks like a double but it is in reality a triple top due to the swept high that preceded which is a stronger pattern to trade).
We can also notice a bearish divergence in RSI.
Targets marked; FVG and equal lows.
SPY - Short term bullishHello friends,
Let's understand Multi-timeframe analysis for AMEX:SPY .
Daily TF:
Recent price action suggest that a short pullback could be seen in SPY as it is approaching the demand zone.
45 minutes TF:
Below are the confirmation signs that suggests a pullback.
1) Price is approaching daily demand zone - Buying pressure may step in
2) Price is making LL while RSI is making HL - Bullish Divergence
3) Price action is showing rejection from demand zone(long lower wick candles) - Bullish reversal price action
Additionally similar confluence is seen in TVC:DJI .
Daily TF:
45 minutes TF:
A 1:7 Risk to Reward SHORT on CHFYENThis pair has exploded upwards and needs a correction to the downside.
It is massively overbought on W1, Daily, H4.
H4 is showing divergence.
The resistance at 148.85 is very strong and there is a nice harmonic pattern.
Target 1 is about 500 pips away with an 80 pip SL.
GBPAUD - Bullish BatThe overall trend of GBPAUD is a Bearish Trend. You must know that the bearish trend is pretty strong with the current market condition.
However, there is a counter-trend trading opportunity; a bullish bat pattern has been completed, and at this moment, it is having its retest. You can wait for a 3-bar reversal pattern before engaging the trade.
EURUSDHello dear friends
The price is currently within a 20-year range, from this range, a reaction can be expected.
According to the descending wedge pattern at the end of the downward trend and the positive divergence of the RSI , if the $1.00133 range is completely consumed in the current trend, there is a high possibility of forming an upward trend similar to the drawn scenario.
BTC DAILY BULLISH DIVERGENCE(S)Bitcoin has seen a dump recently.
After the dump, on the daily chart it has made a bullish divergence in the RSI.
Also since 17.9k low, BTC has made a MACD bullish divergence.
We have probably seen the worst of the bear market and BTC probably will not go too far below 17.9k.
Personally, I won't open a long position right now because this isn't enough reversal confirmation according to me.
We need to break above 19.5k first and 20.5k after that and confirm a new (short term atleast) uptrend.
BINANCE:BTCUSDT
USDCAD - Bearish Deep GartleyA Bearish Deep Gartley Pattern check back. What!?! It's rare, but it does happen.
I"m waiting for the candlestick to close and confirm a long shadow for my aggressive trade. This trade could potentially give me a lower risk and higher returns, if you know what you are looking for.
ZYDUSLIFE - Bullish ReversalNSE:ZYDUSLIFE was trading in a downtrend from July 2021 to May 2022 until it stopped making lower lows. It traded in sideways (accumulation phase) for past 3 months and finally broke out of sideways price action recently. Let's take a deep dive to understand the trading opportunity in ZYDUSLIFE.
Multi timeframe analysis -
Weekly TF(Higher timeframe) -
Below chart shows the price structure change from LH-LL to HH-HL in weekly TF. We are also getting additional trend change confirmation using a RSI technical indicator. RSI is showing bullish divergence.
Daily TF(Trading timeframe) -
We are able to see the similar price structure and bullish RSI Divergence in daily TF.
Zooming into sideways price actions, Presence of supply had been seen between 370 and 375. Price was rejected from this supply zone multiple times until it absorbed all the supply and did a breakout. There was a significant volume in the breakout candle which indicates the presence of demand (supply zone is now turned into demand zone). At present the price has retraced back to the breakout level (demand zone).
45 minutes TF(Lower timeframe) -
Looking into 45 minutes timeframe, We are seeing two bullish signs.
1) Price reversal from demand zone with a good volume
2) Bullish RSI Divergence
As per the above analysis, we may see a bullish reversal price action for short term. Once 400 price level is breached, the next supply zone is around 450.
If you have a different opinion, please share your thoughts in the comment section. If you like my ideas, please show some appreciation with a like and follow me for more such trade ideas. Happy and safe trading! :)
ETHUSDTDo you think the downward trend line of RSI will break upwards in the weekly chart?
Or will it initially issue a positive divergence and then break?
It seems that the price ranges of $1,200 and $1,367 are important areas.
What do you think?
RSI divergenceRSI divergence spotted. Price makes hh and hl,but RSI fail to follow. Beware of any weakness in short term.
USDJPY Next Possible MoveTechnical Analysis Chart Update
USD / JPY ( U.S Dollar / Japanese Yen )
Time Frame - H1
RISING WEDGE Pattern in Short Time Frame #STF and Rejection from the Upper Trend Line #UTL
Strong Resistance Level
Strong Selling Divergence in #RSI
NZDUSD - Bullish CrabA bullish crab setup with RSI Divergence could be encouraging for counter-trend traders. However, you must be aware there is a potentially Bullish Shark pattern on the daily chart.
Despite that, I will wait for buying opportunity at 0.6104.
VIX UVXY Reversal PatternQQQ SPY and the indices all had late afternoon Bearish Engulfing Candles Tuesday afternoon before the Fed Minutes release
I have charted the VIX as a ratio with SPY. IA down trend is persistent.
The ratio is at the lowest seen. However, RSI divergence with a slight increase in relative strength
as well as a dropping score on the Choppiness indicator both point to a reversal.
I will play this with call options on the UVXY ETF expiring on September 19th hoping to 2X the trade with
little given that the macros will hold up or raise UVXY as a bear market rally may stagnate or burn out.
What is your option?
CRVUSDTPERPHello my dear friends
In the lower time frames, we do not have a signal to continue the upward trend, on the other hand, we have the negative divergence of the RSI.
We have reached an important range, there is even a possibility of consuming all the orders in this range. But the probability of entering the $1.62 zone!?!?! I do not think ....
If the current trend falls below the price range of $1.126, the possibility of a decrease to the range of $0.981 and $0.697 is high.
Don't forget, the bullish channel was maintained on the higher time frames.
As a result, the blue zone ($0.697) and the yellow zone ($0.648) are very important for us.
We would be happy to hear your comments
MATICUSDTHello my dear friends
Previously, we had a shopping analysis together and according to the analysis, we also ate Target (;
As soon as we reach the target range, we updated an analysis on the previous analysis, which we expect to form a corrective trend.
Our correction process is not yet complete.
If the range of $0.8891 is completely consumed, we expect a reaction in the range of $1.0032. It seems that we can make a good profit by observing the specified loss limit.
We would be happy to hear your comments.
WWE Falling Wedge LONGWWE is in a falling wedge ; I had a good pop from earnings
a month ago and another earnings report is upcoming.
The RSI oscillator shows bullish divergence increasing
the probability of a breakout.
I see this as a long trade with the RSI confirming and
in the context of upcoming earnings, I will agressively
enter without waiting for a retest as soon as price goes
over the downward resistance trendline.
GBPUSD-Weekly Market Analysis-Aug22,Wk4The Daily Chart's Bullish Bat Pattern coincide with the 4-hourly chart AB=CD pattern that completes at the HOP level at 1.1824.
This is a counter-trend trading setup; a minimum of 3-bar reversal is required, especially in times like this.
How to trade intraday pullbackHello friends,
Market finally picked a direction and it looks like it's gonna continue downtrend. Many novice traders are long biased and they find it very difficult to trade in down-trending market. Today, I am going to share a simple strategy for making quick gains by trading pullback in a downtrend.
Below is a chart of NASDAQ:AMZN in daily timeframe. You can see that price is in a downtrend.
Below is 5 minutes timeframe chart of NASDAQ:AMZN .
You can see that above chart fulfills all the rules mentioned below. For this trade, Risk to Reward ratio is 1:3.
Checklist -
1. Price is making LL while RSI is making HL - Bullish Divergence(highlighted in the chart)
2. RSI is below 30 - Price is oversold
3. Price is showing signs of reversal - Long lower wick candle(highlighted in the chart)
4. Above three confluences occurs during the first 1.5 hours of market open before market goes into mid-day chop
5. Risk to Reward ratio is at least 1:2 (shown in the chart)
Entry -
1. Enter at the next candle open after reversal confirmation
Exit -
1. Set Stop-loss below the recent low
2. Set Target at the first resistance
