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Bargain hunters go shopping into tech and support US IndexesMorning Jumpstart Macro View and US market recap 31-01-22 US ended the week with a bang as bargain hunters went shopping to support the broader US market. Tech was again the favoured stocks which lifted the SP500 while the DOW lagged the enthusiasm. There may be some end of month window dressing on the cards also which may have provided some support. For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments. View more at www.tradethestructure.com
CBOT:ZB1!
by TradeTheStructure
2
Mid Feb. Bitcoin to hit $30,000. Buy or sell?Just a quick video breakdown. As you can see a trend building here over the last few weeks, it's likely that trend will continue to true support. That level is very clear at $30k and looks to be pretty heavy support. It is possible we enter the winter and head into that $20k rang or possible a collapse tot he $12k range over a period of many months of volatility. Of course, at that point it's time to back up the truck. A lot of political items going on right now as well so keep these in mind as they may trigger a sell off that goes beyond technicals. I have buy orders set on other crypto in their support zones to prepare for overnight sell offs as an opportunity to catch a clearance sell.
Long
by DefyingFinance
What's next on Bitcoin?Do you need some intuition for BTC? This is my map! Fear and Greed index shows 13 (Extreme Fear), where previous week it was 23. The 28k-29k is a great support, yet we could go to 25k as well. I consider it the next strong support. There are two big bearish patterns, a Head and shoulders and a huge double top pattern. Yet I consider the deeps with green boxes, which are higher than the patterns' target. What is going to do is wait for some time and perhaps Buy (Long) on these supports. I Feel there would be a larger Volume (Sell off or Buys) which will indicate the next move, So just wait for it.
by DarkRez
3
AUROBINDO PHARMA - Price Action Analysis Considering last week candle, NSE:AUROPHARMA has already given confirmation of further sign of selling . Price has created harmonic Shark pattern with PRZ level 0.886 and 1.13 with price 651.70 and 548.75 respectively. As we have witnessed of bounce from 0.886 level but not sustained above 200 MA. Two things are possible here : 1. It again takes confirmation support nearest to 0.886 level and shows bullish reversal candle with high volume. 2. Or can see further sell off up to 1.13% level at price 548.75. BUY: if price sustains above both PRZ level can gives further upside opportunity. SELL : below 650 price, you can sell if its break or you can do every rise sell with strict SL.
NSE:AUROPHARMAShort
by vraj8597
Time to Go Long?Maybe. On higher timeframe, still looks bearish, a Bounce is likely from the 21 MA IMO. See the 'h' pattern? Primary and Secondary sells. Indecision and consolidation followed. Would not get real Bullish just yet, although it sure suggests we could see higher next week. These indicators are by no means foolproof, but they do help you to not make expensive mistakes; so, closing shorts might be wise here, even if it's too soon to go long. Not investing advice; trade at your own risk, GLTA!
TVC:SPXLong
by DaddySawbucks
7
Are we building for a deeper selloff or a bounceAsian markets remain looking heavy as the HSI and Nikkei Daily timeframes press lower. The US has been more resilient to negative news and remains focused on inflation and interest rates. The question is how much of the good news ie/ strong economy and bounce from pandemic lows has been factored in to price action in the US. If the US start to take a hit, then other markets will follow....so are Asian shares markets flagging what is to come. Check out the video for a more detailed look at key levels for major US, Asian and Australian Indexes. Remember to check out the website www.tradethestructure.com and leave a comment a thumbs up for the video.
ASX:XJOShort
by TradeTheStructure
3