NZDUSDElliot Wave Spotted: Contracting Ending Diagonal 3-3-3-3-3
Trying something new here. Looks like we are in the "C" phase of our wave. Want to see price retrace 38.2% - 61.80% of the previous high ( 5 Phase). One can also argue that this could be a double bottom forming as well. On the Daily timeframe, we could be at the beginning of the 3 Phase. So i would expect price to move upside before the next correction.
What do you think?
Setups
EURGBPObvious ranging here. Strong support zone since January 2022. Looking for retracement of previous high between 15-50%. Buy volume slowly kicking in as well with Mac D losing bearish momentum.
News to come in the morning (Monetary Policy Report/Interest Rate Decision) This may affect the trade.
What do you think?
XAUUSD Mac D is losing bullish momentum. Sell volume starting to kick in slowly on smaller timeframes. We have been on a hot run and my ema's are starting to bend downwards. I want to see a 15 to 30% retracement of previous low.
A holiday cool off? Mixed sentiment from CPI data causes some investors to pull out at these levels? Who knows?
This is against the grain but hey....that's where big money is made and big money is lost!
What do you think?
Stocks To Watch This WeekThere are no certainties in the stock market. These names have shown good relative strength and accumulation volume . This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 24 total stocks on this list with 0 short squeeze candidates . Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
$CSCOTech sector. Has been ranging for a while (Orange lines) no home run but a small $1 or $2 move potentially depending on time.
Mac D on bottom side. Could be losing downward selling pressure. 50% to 100% previous Fib target!
What do you think?
Working towards becoming a full time trader one day. Dying to Live!
Not Advice!
Here are the coins that I've had to remove from "This Week's HotTraders,
I go through our list and remove 15 coins from the list, some of which have pumped and some which haven't. I'll give an explanation for the removal of each in the video. Six coins remain on the list. Link below.
⛓️ 🔗 Useful Links 🔗 ⛓️
(against house rules, see below)
Stocks To Watch This WeekThere are no certainties in the stock market. These names have shown good relative strength and accumulation volume . This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 25 total stocks on this list with 0 short squeeze candidates . Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
CHPT Looking for 30% retracement on a company that may be being financed to keep them afloat as a new growth company and is still working towards being profitable. I like this company alot. However, I want to see if a W pattern is being formed and they are also negative cashflow and net income.
January 4th - 27th could be a pattern match at some point before continuation.
Let's see where price is at within the future.
EURGBPLooking for this reverse head and shoulders pattern to succeed.
Daily Candle rejecting a resistance from Feb 7th.
Trade is based off sentiment that the European central bank is still reducing net asset purchases and will wait until December meeting to raise rates.
Any adjustments to the key ECB interest rates will take place some time after the end of the Governing Council’s net purchases under the APP and will be gradual.
Monthly net purchases under the APP will amount to €40 billion in April, €30 billion in May and €20 billion in June.
-March 10th Monetary Policy Meeting (European Central Bank)
At its meeting ending on 16 March 2022, the MPC voted by a majority of 8-1 to increase Bank Rate by 0.25 percentage points, to 0.75%.
Given the current tightness of the labour market, continuing signs of robust domestic cost and price pressures, and the risk that those pressures will persist, the Committee judges that an increase in Bank Rate of 0.25 percentage points is warranted at this meeting.
-March 17th Monetary Policy Meeting (Central Bank of England)
sources:
1. www.ecb.europa.eu
2. www.bankofengland.co.uk
Stocks To Watch This WeekThere are no certainties in the stock market. These names have shown good relative strength and accumulation volume . This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 28 total stocks on this list with 0 short squeeze candidates . Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
$ADAUSDI like how this looks on the daily and 4 hour.
Overbought on both timeframes.
Mac D on top half.
If you look at price action of 4 hour , you can see the bears are putting up a good fight to control the territory.
Daily, 4 hour and 2 hour giving signals that selling pressure isnt over.
Set stop loss at a point where bears took control on potential reversal pattern/
Looking for 30 to 60% retracement to previous low.
What do you think?
"Dying to Live"
$ULI like where this sits on the daily. We may be gaining some momentum long term even with uncertainty in the market. In my opinion, $UL is not a failing company and customers still use their products for daily needs. I believe this here is a discount from its previous high. Let's see how much price can retrace the most recent high. Last time price was in this area was march of last year. How ironic....
What do you think?
"Dying to Live"
BTCUSDRSI:
Oversold on Daily
Coming down from an oversold area on the 4 hour
Macd:
Daily and 4 hour matching sides and looking for a momentum change
Looking for 30% retracement of previous low on daily. May take a while but want to see if we can make money on the pullback.
What do you think?
"Dying to Live"
FTSE100 Major Resistance Coming up ahead of CPI DATA SHORT I will be looking to take a short based on the following analysis .
FTSE Approaching Major resistance with a HVN *High Volume Node up ahead as well as untapped Monthly and Daily levels .
If this plays out I would expect PA to gravitate down to the 0.618 FIB for a strong level of support
Housing the 9 , 30 , 50 and the 100EMAS all clustered in-between the 0.66 and the 0.618 FIB as well as a SPEED FAN 0.5 crossing through this range 7350.
The Analysis does coincide with some Fundamental data released tomorrow for the UK "CPI DATA YoY " Consumer Price Index in which case
the actual CPI numbers have been higher than forecast spanning the past 18+ months so this could be the precursor for the drop tomorrow with a continuation of that trend.
Please like and follow for regular analysis . Much appreciation
* Left out the EMAs too keep the chart looking clear