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Descending Triangle with Sideways ETA 6 Oct 2020JFTECH has been trading above its upward sloping 20-Day Moving Average which is a good sign. It is important to calculate the risk/reward as the recent upward movement has pushed the price to be quite far from the support level of 2.89. Resistance 1 : 3.65 (3.74%) Resistance 2 : 3.7 Support 1 : 2.89 (-17.81%) Support 2 : 2.83 Descending Triangle prediction at 21 Aug 2020. Possible bearish price movement towards the resistance 2.89 within the next 118 days (30 bars : ETA 6 Oct 2020).
MYX:JFTECHShort
by RozaniGhani-RG
Descending Triangle with Sideways ETA 16 Dec 2020The support and resistance level of Kossan are 12.32 and 17.1 respectively. It is observed that the MACD line of KOSSAN is above the centreline indicating some degree of strength in the price movement. Resistance 1 : 17.1 (4.46%) Resistance 2 : 17.46 Support 1 : 12.32 (-24.58%) Support 2 : 11.96 Descending Triangle prediction at 21 Aug 2020. Possible bearish price movement towards the resistance 12.32 within the next 118 days (81 bars : ETA 16 Dec 2020).
MYX:KOSSANShort
by RozaniGhani-RG
1
INTC - Crosses over lower Keltner channel Intel Corp ( NASDAQ:INTC ) was one of those stocks that recently dipped post earnings. Adding fuel to that fire, was a recent departure of one of their engineering executives and a securities class action lawsuit. At that time we posted an article called "Buy the Dip?" Where I was talking about how it would better to wait for price action to come back into the lower keltner channel before considering any long positions on INTC. However a few weeks have passed since the dip and now the stock has crossed into the lower keltner channel. Usually, when a stock goes through a big dip I have found that it will begin oscilatting between the Keltner channel bands sometimes extending into the bollinger bands. So. I would like to see if INTC goes up to the upper keltner or bollinger bands within the next week.
NASDAQ:INTCLong
by UnknownUnicorn6775423
EURUSD - Easy Range-Trading Setup - with MTFAHi Traders! The market is in an Uptrend. Let's begin with the Daily Timeframe: Here you can see the market is making trending moves with high price action. In addition it is moving in a Range. In this moment we are at a consolidation. Now we move further to the next H4-timeframe: Here you can see the Reange closed up. The two main areas are: The Support at 1.17064 and the Resistance at 1.19117. Another indication for a Ranging Market is, when the 50MA starts to wobble around price. Then it is not in a Trend but in a Range. Now discover how to enter this market (H1-Timeframe): As you can see on the lower Timeframe it seems to be in an Uptrend. It is making a trending Moves and Retracement Moves. So, the goal is to get a Trend Reversal Pattern at the Resistance. You can combine that with the break of the channel or the crossover of the 20MA. We recommend to trade the market still carefully, because we are counter trend trading. Thanks and successful Trading :)!
Short
by swissmoneymakers
CADJPY breaking the range 🦐The market after being in a sideway movement for a long time is now breaking to the upside the daily resistance. On the daily chart we can see the false break out attempt to the downside before the market start the move up. At the retest of the structure we can set a nice long order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
8
[Currencies] Markets shifting phase, no money to be madeThe second half of July was fun. But now it is over. It is either time for some vacations, or some research & self-improvement. Gold & Silver, Bitcoin, and major governement fiat currencies - usd pairs - are taking a break from their trends (if we can call this a trend for BTC). I do not think there will be anything interesting in the coming days or weeks... For my part other that those currencies I also look at some crosses regularly (with jpy I even only do crosses I don't even trade usdjpy), as well as a few commodities (Oil NatGas Copper). Who knows, there might be something? Commodities Crosses "Exotics" and crosses Nothing too crazy. I don't want to go completely analyse every 20 non usd currency pair I can think of. And I'm thinking "is this good or not can't tell", if you have to ask this question then it is not good enough. EURJPY could be interesting, better keep an eye on it this week. Going to look at some old charts and do some self improvement.
by MrRenev
1
The bull trap takes its victims! Be careful!I have mentioned sometimes that above 11.000 the bulls will be victims. As I say in the Closer to the frontline idea: " I would like to see even a failed breakout, and then after a huge reversal." and now I can not say anything else. Maybe we saw the failed breakout and now the continuing should happen in a good and clear reversal pattern. Because of the C wave corrective structure, now I am forecasting a sideways triangle in the next month. Which next wave is the D wave down in three waves structure. The possible target could be around 6000 with a little higher high against 3900. We will see... The lower time frame I am focusing on rising corrections which create the chance
COINBASE:BTCUSDShort
by MoodandMarkets
FKLI TRADING : 110) ANTICIPATING A NEW STRUCTURE HIGH? 110 is the number and this is haidojo trading. Fkli-july has surprised everyone by showing a reversal to the upside today...it is hard to tell whether the uptrend persists or it is just another sideway movement...onli by waiting for a breakout abv the previous high at 1620 and abv should it confirm the continuation of the current uptrend...critical support to watch out is 1587 support levels which were tested multiple times in the past... overhead resistance : 1616 1-620 higher resistance : 1640 crtitial and strong support : 1587 lower support : 1560 -1564 PS : if a breakout abv the 1620 happens, then the advanced pattern becomes invalid... WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FKLI1!
by HAIDOJO_trading
still in consolidation of "head-and-shoulder" patternthis is a continuation of the previous analyst...the formation of "head-and-shoulder" is still in making...nothg much to expect...onli 2 points : resistance : 2474-2480.... breakout frm this one to form New Structure High indicates movement to the upside... support : 2300 or the "Neckline"... going lower than this point indicates movement to the downside... lower level support at 2200 - 2250... other than that, playing within the range might spark some real risk...gudluck and gud trade...
MYX:FCPO1!
by HAIDOJO_trading
Trade Log NIFTY July 10In my yesterdays post I had said Even though the chart looks good, I have a bearish bias for tomorrow and Monday. This is mostly because the whipsaw we saw yesterday. If NIFTY manages to close above the new high by Monday, I’ll be wrong again. I’ll not short, but mostly observe if it crosses 10850. I’ll short NIFTY below 10730. Nothing changes in my view and I carry forward my view to Monday. My trades I did not trade today, as none of the levels I was watching were clearly broken. Observations for the day NIFTY sideways for the day, ultimately closed 0.42% down. BANK NIFTY down 2.22%. VIX mildly up 0.12% Advance Decline ratio is 14 to 36, in line with negative closing. Option data tilted for mild bearish bias. Overall, NIFTY did not do badly because of Reliance. BANK NIFTY trend is near bearish, NIFTY sideways for near term. NIFTY’s consolidation can be an intermediate topping pattern or consolidation. It can be confirmed only when NIFTY closes below 10560 levels. I’ll do a detailed post over the weekend on my next week’s view. Have a great weekend ahead! ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- My July 9 Post
NSE:NIFTY
by Observe_Think_Act_Think