PERFECT BUY THE DIP SETUP/EXAMPLE !! STOCK MARKET EDITION A50 - Monthly
Recent factors impacting the Asian markets, have included worries of financial system contagion from a deeply leveraged Evergrande , regulatory crackdown across several industries, and continued trade tensions. Nevertheless, one is beginning to see some indications of a bullish bullish divergence on the charts
Break and Retest - Prices are likely to rebound to the breakout level, which should now serve as support and draw buying activity in the case of a bullish break and retest
Ascending Triangle - The ascending triangle pattern is a bullish pattern that indicates the market is consolidating following an upswing, having buyers still very much in control. As the wedge narrows, the occurrence of higher lows signals that a breakout is impending.
Hidden Bullish Divergence - When the oscillator produces a higher high or lower low while the price movement does not, this is known as hidden divergence. Hidden bullish divergence develop during a corrective or consolidation phase in an uptrend
Sell Wall - A sell wall occurs when a high number of sell orders are made at the same time at any price level. Asset prices can be suppressed and forced to trade within a specific range due to sell walls. Since we have broken and now are retesting this sell wall its a very low risk entry
Stockpicks
SAIL(Steel Authority of India)Positional long for 1 year period
SAIL (Steel Authority of India)Positional long for 1 year Time Frame
Buying/Accumulation levels 98 to 125
Stop Loss 90
1st Target 152
2nd Target 180
2nd Target 215
Analysis done on Weekly Price action/pattern
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor for before making trading decision.
I am not the SEBI Registered Analyst or Advisor( I am Preparing for Certification)
Leave a comment that is helpful or encouraging. Let's master the markets together
Finolex Industries Positional Long for 6 months to 1 year time
Finolex Industries Positional Long for 6 months to 1 year time
Disclaimer: These levels are purely based on Price action/demand and supply zones & Technical Analysis and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor for before making trading decision.
ROKU Reversal!!You don't need to be a candlestick expert to know how to trade them. It doesn't matter if you know the difference between a doji and a spinning or a star and abandoned baby.
They all have one thing in common, the next candle needs to open clear above/below the prior. Over precision is not a traders friend.
ROKU +50% in ~45 days from this exact price twice before. Will it be three times before the end of the year??
BITMAIN DEAL WITH THIS OTC STOCKBITMAIN DEAL WITH THIS OTC STOCK and it's trading under $2
See that ascending triangle, RSI, and KST?! very BULLISH
Big Winners For Monday 8/30/21 According To My AIThe below is a list of the top estimates for tomorrow according to my AI program and I have included the estimate as well as the score that my AI has assigned to each pick. The higher the score, the more confidence has in the pick. I made SNTG the default chart just because it was the first pick on the list. For those of you who have been following my posts on here, I only post these when I do a big update and to also show you guys the progress of how the AI is getting smarter each time. A bit of a humble brag though is that I showed a bit of my process to John Ehlers and he approved so I'm happy about that. Feel free to share your thoughts and I will update these with the actual amounts at the end of Monday!
NASDAQ:SNTG
Score: 3838
Est: 7.78
EstPct: 50.38
NASDAQ:ADVM
Score: 1393
Est: 4.03
EstPct: 67.77
NASDAQ:STIM
Score: 1378
Est: 18.05
EstPct: 171.32
AMEX:FURY
Score: 909
Est: 4.13
EstPct: 450.79
NASDAQ:KPTI
Score: 454
Est: 7.58
EstPct: 35.70
NASDAQ:APRE
Score: 392
Est: 4.83
EstPct: 13.12
NASDAQ:QLGN
Score: 374
Est: 1.54
EstPct: 16.30
NASDAQ:EVFM
Score: 324
Est: 1.10
EstPct: 38.76
NASDAQ:ASMB
Score: 267
Est: 4.12
EstPct: 10.77
NASDAQ:VECT
Score: 246
Est: 8.31
EstPct: 17.42
Molecular Data Inc. $MKD - Long idea 💡 ⚠️ This idea is based on my technical analysis only. Do your research and trade on your own risk!
FSD Pharma Inc. $HUGE - Long idea 💡 ⚠️ This idea is based on my technical analysis only. Do your research and trade on your own risk!
Tesla StockHello my fellow traders, i have an analysis from TSLA stock, as it is clear on the chart, price has reversed and broke out of a descending trendline and made a new higher high, pulled back to it and agian rised up and we can say that reverse is completed and we can go long on TSLA. SL is below the support level and TP is 1028 and has 40% profit. i hope you use this analysis and make profit on market.
Please Follow and comment your thoughts about this analysis.
DLO BUY/LONG INCOMING BUY ENTRY! 41.53 to 65.10 BY END AUG 2021 TICKER CODE: DLO
Company Name: DLOCAL LIMITED
Industry: Technology Services Packaged Software DLO
Position Proposed: BUY
FOMO BUY ENTRY: NOT READY (48.88)
NEXT BUY ENTRY: (41.53)
1st Partial Take Profit: 53.70 (August 2021)
2nd Partial Take Profit: 65.10 (August 2021)
Stop Loss: 33.25
Technical Analysis
1. Bullish Flag Pattern
2. 1st Partial Take Profit is at structure level
3 2nd Partial Take Profit is at Fibonacci Extension Level 1.0
4. 2nd Partial Take Profit is at full pole length of Bullish Flag
5. Stochastic Overbought soon
Why Do People Trade SD Wrong?!You are taught to " Buy the dip ".
You are told " The trend is your friend "
But what is the dip and what is the trend, subjectivity destroys traders every single day.
I see so many traders trading supply and demand zones so reckless .
Every trader I watch just marks random zones and calls them supply and demand.
What is that?
When picking a supply or demand zone there are specific things you need to take into consideration in order to make real wealth when trading.
NTS specializes in supply and demand zones as you may have seen verifiable in many of my ideas.
But it is not just about supply and demand zones, if it was then everyone would be making money today!
There are certain things your psychology must overcome for you to start making any real profit.
So ask yourself, in order to trade supply and demand zones effectivley, have I actually put in the psychological work in order to truly benefit from the market?
How The Economy Affects The Stock Market ? How The Economy Affects The Stock Market ?
There are many factors that affect how the stock market is doing, and whether it’s moving up or down: the political climate, social factors, interest rates, trends and shifts in what investors prefer.
So how does the economy affect the stock market?
If the general population feels as if the economy will soon be taking a turn for the worse, they tend to sell stock because bonds and treasuries offer a safer return. On the flip side, when people are feeling confident and optimistic about the economy, they tend to buy stock, taking more risk for greater reward.
From a high-level approach, when people feel good about the economy, they tend to buy more stock. When things are happening in the world make them feel unsure, they will be more conservative, and might gravitate toward lower-risk investments such as bonds and Treasury bills.
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Told about it 3 weeks ago (GOOGL)Hello everyone , as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
3 weeks ago on july 6 i posted an idea about the Google stock and how its seems to be in a strong bullish movement and today we see that come to life , the price has risen up by almost 12% in the last few weeks alone reaching 2805.07 an all time high .
The price of the stock is at 2721.88 in an upward channel and the Stock bullish movement doesnt seems to be stopping yet as we could be seeing the price hitting the resistance lines at 2797.40 and 2926.80 which would be huge for the shareholders .
different indicators showing that where :
1) The market price trading way above the 50 MA and EMA .(bullish sign)
2) The RSI is at 82.51 showing great strength in the Stock and sitting in overbought zone with no noticeable divergences.(bullish sign)
3)The MACD histogram showing good momentum with a positive crossover happening (bullish sign)
The alternative scenario would be if the price dropped down and hit the support line at 2531.00 which could determine the outcome for this stock but the possibility of this happening is around 5% to 9%. note that we did see a shooting star pattern on jul 12 which is a bearish sign but it was proven false when the market jumped up.
After all the long and short term trends are both positive. and Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Support & Resistance points :
support Resistance
1) 2531.0 1) 2728.9
2) 2401.6 2) 2797.4
3) 2333.1 3) 2926.8
This is my personal opinion , not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
ROKU Potential Bull Flag PatternThe renewed fears of Covid-19 are supporting one of the streaming leaders Roku (NASDAQ: ROKU) again, which keeps the new bases for the second-quarter earnings' expectations remain strong.
The stock is showing strength recently after violating the downward sloping trendline. The prices are currently attempting to confirm the formation of a potential bull flag pattern.
We're looking for the breaking out of this flag after a strong bounce from the 100 Fibonacci retracement level, So prices could target $433.70 - $460.30 levels before hitting the bullish pattern's target - if confirmed - at $530.
Barrelin 2.0 - Without Rules There Is Chaos!I am now about 4 weeks into sharing my #Barrelin pattern and associated trading strategy mostly on Twitter.
In that time I have developed more regimented rules in hopes of automating the hunting if not the trades themselves. Here is the strategy as it stands today:
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Entry
4hr close above 75% on RSI (14)
Continuation
Hold EMA (8) on 4hr close
OR
1D close above 75% on RSI (14) (aka ‘Handoff to 1D’) AND Hold EMA (8) on 1D close
OR
1W close above 75% on RSI (14) (aka ‘Handoff to 1W’) AND Hold EMA (8) on 1W close
OR
1M close above 75% on RSI (14) (aka ‘Handoff to 1M’) AND Hold EMA (8) on 1M close
Exit
Close below EMA (8) on current timeframe that is #Barrelin
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These handoffs are ideal but I am also starting to see, especially in stocks, the 4hr time frame is not only awkward with the limited trading but there are entries all the time on the higher timeframes without handoffs. The lower timeframes give an idea of momentum and personal preference can be used what timeframe to enter. This brings context to if you are “late” or not.
I have posted over 650 tweets in those 4 weeks so searching through #Barrelin will help give a better idea of the ridiculous gains with it.
Obviously there are fails and losers as well. I try to post these as well in order to see where the strategy can grow and evolve.
The biggest evolution I am currently working on is a trailing take profit with a re-entry. Not sure how hard that part will be to automate but might as well fine tune the idea as much as possible and see what comes of it.
Just with the shear volume of crypto and stocks I am following I have narrowed things down to just BTC pairs on Binance for crypto and no longer monitoring timeframes below the 4hr. It is personally impossible to still have any sort of life at that level.
As for stocks I have been transformed into a fanboy!!! I can’t believe it. The gains seem to be more consistent and much more explosive - at least in the current atmosphere. There is still crypto popping off but I recommend crypto lovers to give my timeline a visit to see the crazy gains.
I am loving the engagement with me and my strategy and I feel it is helping people which os my ultimate goal. I look forward to what the next 4 weeks brings as I try to scale this.
Thanks for reading all the way through. Time is precious and I appreciate you investing some of your time here.
STARBUCKS trade hitting take profit 1 we had a quick in quick out on Starbucks that was posted to the team last night and just now has hit our take profit 1 where we take half of our profit and move our stop loss to entry giving us a risk free trade. the reason for this trade is that Starbucks as you can see has been respecting its daily trend line and with the world starting to open up, especially here in the UK and in the US i can only see a bullish momentum in the stock as people go back to enjoying what they have missed for the past year. we saw a bullish engulfing candle close and placed a buy limit order 1 pip above so we was sure that it would be triggered market open. we have now seen a lot of buy pressure hitting our take profit in a few hours we will now manage this trade, enjoy the first profit and hopefully ride it until the second.
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)
Google long seeking TP 🎯Just before New York session open I wanted to share a google trade idea.
Currently been in this trade since the 16th of June.
I am using our reversal strategy that is still in the early stages of development.
Using customised RSI values specific to the instrument is the main feature for identifying trades.
Only just started using this strategy for stocks.
Entry details are shown on the chart.
Green line is take profit. Pink line is stop loss.
Trade history can be seen below this trade idea too for full transparency.
The back test for this stock is very solid in my opinion.
Any feed back from fellow stock traders hit the comment box below.
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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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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren