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Sideways

Gold has no concrete direction right now! After finishing an uptrend, the chart broke its parallel channel and entered a side way consolidation phase. In this current situation, there is no solid speculation for the future of the chart. The only thing which is possible here is to short when we are near the top and open a long position near the bottom(supporting areas). We should be cautious about tonight’s federal reserve’s statement. That news would make the markets move very extremely! Good luck.
OANDA:XAUUSD
by khanzadiashkan7
BTC Sideways + NEW Market Type Indicator for screening marketsBTC has been in a neutral/sideways market for quite some time now! I'm stockpiling my coffers in preparation for an upwards breakout, retest, and continuation of the long term up trend. Watching my latest indicator, Anticipated Market Type to signal when I should start using my trend trading strategy again. In the meantime, I've been running a sideways/mean reversion strategy for capturing the consolidated market when the AMT indicator displays SIDEWAYS and I stop trading at NEUTRAL. My DD has been consistently low and I avoid the low volume and low volatility periods when market is NEUTRAL. If you've been holding on to cash while waiting for the the right moment, consider using my newest indicator (or their sub-components, MMI and FD ) in your next trading session. Cheers
COINBASE:BTCUSD
by DasanC
1
JICPT| Gree is testing M bottom, creating buy opportunity Frankly speaking, I love Gree which is still the best Air conditioner manufacturer in China. I started to trade it back in 2012 and still hold some shares as of today. The company has been up by more than 900% in the past ten years. It used to be must-have stock for value investors due to its outstanding financial performance. However, things started to change from 2018. The below is my personal view for reference: 1. single-product line business strategy: No doubt, Gree makes the best AC with competitive price. But 92% of its revenue comes from AC. However, the AC sale has highly correlated with real estate. I recall annual sale of ACs are capped at 23-25 million per year. Against the backdrop of structure reform, government wants to replace the model with new one(innovation) to achieve GDP growth, not through selling properties. I don't see numbers will jump in the coming years. 2. Diversified development strategy failed: Gree announced to make phones, cars, and invest billions into chip companies. But all ended in failure. I think it's better for the management to focus on the home appliances, e.g. floor cleaning robot, window cleaning robot. Some Chinese companies are doing those stuff very well. Their share price soared into sky! 3. Rising input costs: With the super loosing monetary policy from central banks around the world, commodities, such as copper, created new highs. We know, copper accounts for approximately 30% of the cost of producing an air conditioner. it started to become an major issue for AC manufacturers, including Gree. I think they have no choice but to increase the price to hedge the rising cost. But that might impact consumers' willingness to buy. So, I need to read the half-year financial report to do my own research. Back to the technical side, Price retreated to 61.8% fib level with M formation and Gap. The bad formation is the crossover of the MAs. So, price might go sideways for a while before buyers take control. I think the 47-50 would be the bottom by checking the PE band of last 10 years. Give me a like if you're with my idea.
SZSE:000651Long
by JICPT
JICPT| BABA/BIDU sideways structure formationIt's been almost four months since I published the pair trading idea titled 'BABA/BIDU, pair trading opportunity'. I felt great to catch this one and suggest closing the position around 1.15. From the chart, it's easy to see a sideway pattern has been formed with upper and bottom boundary of 1.20 and 1.05 , respectively. My trading strategy is to buy the pair when it comes to 1.05 . As I mentioned in my previous post, 1.5 is my target depending on how strong the momentum is. The basic idea behind this is statistics, central limit theorem that I believe the ratio will go back to its normal range. Of course, there are other things as well. It's my personal favor of BABA over BIDU. I use Taobao, Tmall, the products of BABA almost everyday. BIDU? probably just use the search engine two to three times per week. I'm not saying that BIDU is not a good company. What I mean is that compare to BABA, BIDU is less competitive in my view(Sorry for BIDU fans, it's my personal feeling). Admittedly, BABA's price has been hurt a lot by the anti-trust investigation and business uncertainties along the way. But it seems to me that government didn't aim at shutting it down. The fine was just a one-time-off pain. In my opinion, the show must go on. BABA will grow in a lower but stable rate. That's my projection. Let's see how the pair performs in the future. Give me a like to support me. Thank you very much.
NYSE:BABA
by JICPT
2
HSI 7% range move with buy low and sell high pattern! Hello everyone. Hong Seng index has been sideways for a while influenced by the joint forces of US and China markets. From the daily chart, the 7% range will be held firmly from some time. I would adopt a buy low and sell high trading strategy. Strategy works until it doesn't. My trade plan is as below: 1. the upper zone being violated: buy the pullback with target set around previous high around 31000 2. the bottom zone being violated: exit and look for buying opportunities around 25000. Stay safe and trade safe.
TVC:HSI
by JICPT
JICPT| Gold on sideways, buy low and sell high! Hello everyone. As I mentioned in my previous published idea about gold that it has retreated to weekly flip zone. I'm right about rebound and the key control high zone which buyers need to conquer to establish bullish trend . The grey area was what I marked days ago. My trading plan is as below based on the weekly and hourly analysis: 1. Buy low: 1763-1760 is a good entry zone. Do remember to set your stop. Once the zone is violated, sideways is terminated and we need to look for other setups. 2. Sell high: If you have long position, sell at the zone of 1791-1797. If momentum is strong, we can buy the pullback. Don't be too concerned about missing the opportunity. There are a lot out there everyday depending on the timeframes. Give a like if you're with me.
FX:XAUUSD
by JICPT
1
BTC continues sideway move to test previous lowHello everyone. As I have previous mentioned in my published ideas, there are 4 bitcoin influencers as below: 1. Elon Musk who often influences bitcoin price via twitter . Price move could be up or down. 2. Chinese government is definitely against crypto, except the Digital Currency Electronic Payment (DCEP). Normally, BTC got smashed by relevant news from China. Btw, China accounts for more than 50% of the global bitcoin production. 3. US financial institutions are supporters. They have clear plans to set up fund for wealthy clients, e.g. JP, Wells Fargo. So positive for the crypto. 4. US government senior officials express concerns on BTC for money laundering issues. However, this only lead to tighter regulation, not ban of the crypto. The recent drop is attributed to China's crackdown on the crypto mining in Sichuan Province. The local government demanded to close 26 suspicious crypto mining projects by Sunday. The electricity companies was requested to conduct inspections and stop supplying electricity accordingly. So, I'm not keen to use leverage to trade bitcoin. There are bitcoin ETF(GBTC) out there. The sideway move works until it doesn't. I will pay close attention to previous low. Once broken, the nearest firm demand zone is around 20000. Stay safe and trade safe! Give me a like if you're with my idea.
BITFINEX:BTCUSD
by JICPT
This ain't it.You can draw lines all day but it's the data underneath the price action you need to uncover. Volatility, price action, and volume look pretty similar across the board between now and successful retests of a upside pennant breakout. The one thing that leaves me questioning the success of this retest is the OBV. On Balance Volume is a cumulative value that adds the volume if the price went up and subtracts it if it goes down. Essentially, this indicates whether the price action is backed by more bears or bulls. We've currently broken out of the pennant, and most of us figured we'd retest it, but has anyone really thought about who's winning the volume game? It appears to be close, but the bears seem to have a touch more control currently, so I don't see this retest being successful. However, since everything else looks identical, we're in a tight game of tug-o-war, and we'll continue to go sideways until there's reason to join one side - which there doesn't seem to be any outside motivators .
by Ungovernable
2
USD/CAD IS IN WITHIN SIDEWAYS RANGE FOR ALMOST A MONTHUSD/CAD is stuck in a range between two strong support and resistance levels around 1.20 and 1.2140. The currency pair was traded lower on Thursday during the European and American sessions. Overall though, the price structure suggests a sideways activity since May 14, between that resistance and the support, and thus, experts prefer to take the sidelines for now. For the currency pair value to start further declines, it would be interesting to see a downside exit from the channel and a new dip below 1.20, which is the lowest price since 01.06. If we look back in the history of the weekly chart, we will notice that current price levels stopped the strong downward movement in 2017. If it is a breakthrough, it will encourage bears to push the price to test levels around 1.19. In the upside scenario, if the value breaks above 1.2140 and makes a new high, it would be a signal for the upside exit out of range, and this can encourage the bulls to get involved. This could be a signal that the price will test the previous resistance levels of around 1.22 and 1.23. Our oscillator indicators are also sideways, and MACD is slightly above the zero lines, but RSI is between the 30 and 70 levels.
by legacyFXofficial
BTCUSD - Daily Outlook Over the last couple of weeks Bitcoin has be trading in a sideways range consisting of a triangle pattern. Using time projections, we will have completed about 75% of this triangle pattern between June 2nd and 3rd. At that time we should anticipate price reuniting with the 21 day average which has not been checked in with since the 13th of May. After June 3rd we should anticipate price start to complete the E leg of the Bearish Triangle before breaking out in either direction. Current Bias us sideways to up.
CAPITALCOM:BTCUSD
by AsproTrader
2
Bitcoin at sideway as well as making pennant. Technical analysis: Welcome to this quick update everyone As we can see for 10 days, the price moves sideways, either testing the support level at $ 33448, then testing the resistance level at $ 42191. Now the price has tested the support level and bounced back. It is quite possible that the price will now drop to the support level again and break it, then the price may drop to $ 30,000. If the price rises, it will test the resistance level , if it breaks through it and fixes it, there is a chance of growth to $ 45,000 - $ 50,000 ... ❤️ If you find this helpful and want more FREE forecasts in Tradingview . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want me to help you become a better Crypto trader? Now, It's your turn! Be sure to leave a comment; let me know how you see this opportunity and forecast. Trade well, ❤️ #bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #weeklyclosed #monthlyclosed
by Bitking786
Side Trading range.POSH recently started trading through an IPO and got utterly destroyed. It has now been hovering around its IPO price of $42 and it looks like the side trading will continue until maybe the next quarterly report. This is going to be a good range trade to profit off of for the time being between $38 - $48 and may re touch the lows of $33 depending on overall market conditions. Secondhand retail business is popular and profitable for POSH and their business model is actually very easy to use despite what the bear say. I call that this is the bottom for the company as they are growing 40% quarter over quarter and its only a matter of time before wall street warms up to it. Good Luck. Always do your own Due Diligence.
PLong
by SheepWoolos