Stockmarkets
FXCM's US.ECOMM Basket Dips on Hourly But Daily Bullish PositionFXCM's US ECOMM Basket is made up of ETSY, W, SHOP, WMT, EBAY, and AMZN. Its daily price is in the bullish area on the left. The hourly stochastic has crossed bullishly but the EMAs are yet to trigger upwards. If they do, it potentially signals that short-term traders have aligned themselves with the daily timeframe. A movement of stochastic to the 80 level and maintenance of that level (blue arrow) increases the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly support in conjunction with risk management techniques.
TSLA to 1000Tsla is in a ABC Elliott triangle wave and we are approaching the end of wave E.
TSLA had a similar elliott triangle wave pattern that started around sept 2020 and ended around mid nov 2020 that took TSLA from 440 to 900.
I will be watching my buy points which are 614.19 and 630.69.
Wait till TSLA drops to around 630.69. If 630.69 holds and we see volume and a confirmation candle then enter calls.
If we break the upper trendline i would wait till we break 700 to buy calls in case of a false breakout.
With strong earnings this week from FAANG and TSLA of course, we have a potential for a massive run incoming.
My PT 1120.50
Facebook short just alerted 📉👍Entry details are shown on the chart.
We are working the M30 time frame on this strategy.
We're only looking for the green line which is take profit target.
Trade history can be seen below this trade idea too for full transparency.
Previous trade is also shown on the chart.
That trade was a long trade which has closed for profit on short signal presenting.
The latest short trade has only just alerted at time of writing this idea.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
USD/JPY Going LongMany traders know that there is a very strong positive correlation (in most cases) between this pair and the global stock market shape.
In recent days we have seen a recovery in the stock markets and it seems that the recovery of the US dollar against the Japanese yen will continue in the coming days according to the ongoing recovery in the global stock markets.
FX:USDJPY
PVR Inverted Head & Shoulders on DailyThis seems promising , keep an eye on PVR.
Simple price action, no jazz.
adani ports big bullish now adani at under pressure buy sellers
fundamental its good and strong has many project and improvement while now lock down is get released
so have position now as month position
take if you want at
T1:- 800
T2:-850
T3:-900
after these they will some consolidation so follow the market trend too
EURUSD Longing OpportunityI was extremely bullish on Eurusd the past weeks and it proved me wrong. Only because it was preparing the market for a strong push to the upside! On Daily divergence formed as we see on the RSI indicator. So I'm waiting to see the price pulling back and then skyrocketing. USD is weaker than ever before. This is the trade that I will take if I see the price action that I want!
CHF/JPY SELL SIGNALHello Trader I Found CHF/JPY Currency pair as a sell signal as we can see it has triple top and it fails to break to its resistance level and also it has made a rising wedge that clearly indicate as a bearish signal. this is as my point of view please do your own analysis before taking any action. if you find my analysis is useful for you please like and follow me. Thank You
TCEHY SELL/SHORT to 53.85 (BUY ENTRY) TICKER CODE: TCEHY
Company Name: TENCENT HOLDINGS LIMITED
Industry: US Stocks OTC
Position Proposed: BUY
Entry: NOT READY (52.70-53.85)
1st Partial Take Profit: 112.30 (April-May 2024)
2nd Partial Take Profit: 148.55 (October-November 2024)
Stop Loss: 44.90
Technical Analysis
1. Head & Shoulders (Potentially forming Head)
2. Double Bottom (Potentially forming; via Mirror)
3. Fibonacci Retracement at structure level
4. Safe Take Profit at Fibonacci Extension level 1.0 (Grey Zone)
S&P 500 Hits New All TIme High After Bouncing at Support!Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
In my last post on the S&P 500 (in related ideas below), I noted that the S&P500 index was testing trendline support after failing to make a new All Time High and how this fall coincided with Bitcoin's fall in price over the past week. In that post, the S&P500 was exactly at trendline support, and I mentioned that the next daily close would be very important in determining the next move in the stock markets, and therefore other assets such as Bitcoin, namely that if we closed below the trendline it would be bearish and if we had a bullish reversal pattern, it would be bullish.
The following daily close was a bullish engulfing candle, which showed that the trendline still held as support. Indeed, after the bullish engulfing candle, the S&P500 index had a slight rally so far and put in a new all time high, and is still putting in new alltimehighs as of time of writing this post. Indeed, Bitcoin has followed this move up in the past couple of days, reaching as high as 35.5K after bottoming at 28.8K.
We are seeing a slight divergence between the S&P500 and Bitcoin at the moment, however, as while the S&P500 is creating new alltimehighs, Bitcoin has been slightly retracing, trading at 32.8K after topping out at 35.5K. Let's monitor to see if the the correlation between the two will again bring the two back together, with either S&P500 dropping or Bitcoin rallying to match S&P500's bullishness, OR if the two will continue to diverge with S&P500 rallying while Bitcoin slides. I will keep monitoring and updating as the market unfolds.
Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
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BAC BUY/LONG 43++ to 50++ AUG2021 TICKER CODE: BAC
Company Name: BANK OF AMERICA CORPORATION
Industry: US Stocks Finance Major Banks
Position Proposed: NOW READY 39.86
Entry:
1st Partial Take Profit: 43.00-43.45 (JUL21)
2nd Partial Take Profit: 49.60-50.04 (AUG21)
NEXT BUY ENTRY: 33.02
Stop Loss: 31.95
Technical Analysis
1. Broke through EMA
2. Ascending Wedge (Partially completed)
3. RSI Oversold
4. Area of Confluence
5. Fibonacci Retracement near 0.618 and at next market structure
A Positive News about SBIN to recover Kinfisher Airlines Loan A Positive news for ( SBIN ) State Bank of India stocks. State Bank of India to recover Vijay Mallya's Kinfisher Airlines loan recovery from Property Sale. This would eventually bring a Green Signal for the Stock. Watch accordingly with the Lead Indicators and take your Position.!!
Ideal for Swing Trade !!
S&P 500 / SPY Breaks Down to Support, Bounce or Larger Crash?The S&P 500 has broken down to trendline support after a failed breakout at 4240. The SPY index formed a high at 4238 and tried to break it at 4255, but failed to hold above that alltimehigh. It is now testing trendline support, and the question is whether price will bounce here at support or will support fail to hold and thus lead to a much larger correction.
Part of the reason that I'm looking at the S&P500 even though I mostly focus on Bitcoin and cryptocurrencies is that the correlation between the two has recently been quite high, and they have both been retracing in the past few days, so a recovery in the S&P500 could also bode well for a recovery in Bitcoin and the wider cryptoassets.
The key level to watch is 4175. If this level holds, then we remain above the trendline and can expect another leg up. If we close below 4175, then be prepared for some volatility upon trendline break as we might have formed a double top, which will likely also trickle over to Bitcoin and other risk-on assets as well. Of course, it's possible that what we are seeing is similar to what we saw back in March, when price failed to hold a higher high, broke down a bit, and then rallied higher.
If price does break down, then the 200 day moving average at 3900 should serve as ultimate support, though I'd think that the Biden administration and the Federal Reserve would have stepped in before that happens.
Symmetrical Triangle for Bursa KLCI! Bull or Bear?14th June 2021
The FBM KLCI finished 0.46% or 7.3 points higher at 1,582.46 in line with gains in regional markets. It a good start to the week but also a challenging week. The local political front, uncertain over the outcome from the Agong's meeting with the council of rulers this Wednesday, expect investors to stay sideline waiting for the final outcome.
The KLCI weekly chart, it showing a Symmetrical Triangle . Pray hard to coming Wednesday something positive after the Agong's meeting, most likely the KLCI index would challenge Resistance 1,600 point. But if negative, Index could break Symmetrical Triangle support and go hovering at 1,540-1,550 points.