Get started

Support_and_resistance

Alikze → KSM | Dynamic trigger supportIn daily and 4h time, it is moving while maintaining the dynamic trigger. Targets will be available if it stabilizes above $40. In the 4-hour time, maintaining $40 will conquer the $45 area, and in the daily time, with the break of the $45 range, the path for the next area, as well as the supply area of the previous major ceiling, and then the most important resistance to reach the ceiling of the channel will be the $50 range. . 🟩Sup: 40$ ⛳️Tp 1:45 ⛳️ Tp2 :50 ⛳️ Tp3 : 85 ----------------- Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Long
by alikze
4
Alikze »» LTC | Ready to defeat the dynamic triggerIn time W1, after a three-wave correction cycle, now after an upward movement with the failure of the swing and pullback, it has encountered support in the area of 61.8 Fibo, which must now be above the $75 range to break the dynamic trigger. Consolidate to advance to the $100 range supply zone. Therefore, if it is placed above the area, it will have the ability to grow up to the specified supply area. We should probably see a demand for failure in this area. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Long
by alikze
6
Alikze → TIA | Pullback to broken structure After touching the target of the previous analysis, it is moving in an upward channel at time h8, it seems to be pulling back to the broken structure. If the 18.75 range is not broken and we see a return candle, it will have the ability to break the current supply area for the 21.85 and 23.44 targets. Otherwise, it will correct up to the specified demand range. 🟩Sup: 18.75 ⛳️Tp1: 21.85 ⛳️ Tp2 :23.44 ------------------ Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Long
by alikze
Alikze => SUI | Reverse head and shoulders patternAccording to the previous analysis, after reaching the final target and after the last attempt to break the resistance, a head and shoulders pattern was formed, whose dynamic trigger and neck line were also broken, which can continue the correction to the first support area after the pullback is completed. Reverse head and shoulders pattern 🛑Resistance: 1.7580 ⛳️Tp 1:1.5625 1.5137 ⛳️ Tp2 : 1.4648 ----------------- Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Short
by alikze
Alikze → #OP | Pullback to broken resistance In time h1, after the failure of the resistance, which has now turned into support, and in dealing with the dynamic trigger, which has had a positive reaction several times and caused the price to grow. Now it is approaching the dynamic trigger as well as the support area. Therefore, if the current area encounters a reversal candle, it will have the ability to grow to the next supply and resistance area. In addition, if the range of the green box is broken, at least correction up to 3.50 can be imagined. If the behavior and structure of the currency changes, the post will be updated. 🟩Sup: 3.70 ⛳️Tp 3.90 ⛳️ Tp2 :3.95 ⛳️ Tp3 : 4.10 ----------------- Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Long
by alikze
Alikze → INJ | Support range $34In time H4, after supporting in the green box range and escaping from the corner pattern, it managed to rise to the first supply area. If it stabilizes above the 34.35 range and the candlestick confirms the return, it will be able to continue the path to the next supply range. Otherwise, it will correct up to the limit of the OB. 🟩Sup: 34.35$ ⛳️Tp 35.94 ⛳️ Tp2 :38.28~39 ----------------- Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Long
by alikze
10
Alikze → USDJPY | Break trigger lineIn time H4 and H8, it is moving in an ascending channel. After the failure of the dynamic trigger, it reached the supply area. Two movement scenarios can be considered for it. In case of a pullback to the trigger line and the bottom of the channel and the failure of the supply zone, it will rise to the next zone. And the second scenario is that after the failure of the current supply zone and the pullback, it will move to its own upward path to the next supply zone. 🟩Sup: 148 Unit ⛳️Tp1: 150 Unit ⛳️ Tp2 :151.355~151.640 ----------------- Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Long
by alikze
Alikze → #DYM |Ascending contraction triangleIn time H1, it is moving in an ascending channel, if the entry zone is activated, with the loss limit below the trigger, you can enter the buy position up to the resistance dynamic trigger zone. ----------------- Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Long
by alikze
Mastering Trading with Support and Resistance LevelsTrading with support and resistance levels is a fundamental strategy that offers insights into market psychology and potential trade entry and exit points. This guide will explore how to effectively trade using these levels, highlighting the importance of confirmation, rejection patterns, candlestick patterns, and confluence with other indicators. Understanding Support and Resistance - Support : A price level where a downtrend may pause due to a concentration of demand. - Resistance : A price level where an uptrend can pause or reverse because of a concentration of selling interest. The Significance of Confirmation Confirmation is crucial when trading with support and resistance, as it ensures that the price respects these levels before making a trade. Waiting for confirmation reduces the risk of false signals. Candlestick Patterns: The Language of the Markets Understanding candlestick patterns is essential for interpreting market sentiment at support and resistance levels. Patterns like bullish engulfing or bearish engulfing suggest strong reversals. Finding Confluence with Other Indicators Confluence enhances the reliability of trading signals. Combining support and resistance analysis with other indicators like moving averages or the stochastic RSI can provide stronger entry or exit signals. Integrating Support and Resistance into Your Trading Identify key levels : Mark clear support and resistance levels on your chart. Wait for confirmation : Confirm the level is holding through candlestick patterns or price action before trading. Look for rejection patterns : Observe candlestick formations for reversal signals. Seek confluence : Use other indicators to validate your trading signals. Manage your risk : Always set a clear stop-loss order to manage potential losses. By employing these strategies, traders can enhance their market navigation skills, focusing on managing risk and seizing the right opportunities. With patience and practice, trading with support and resistance levels can be a vital part of a successful trading approach.
Education
by AlgoAlpha
Mastering Support & Resistance This video dives into the fundamentals of support and resistance, the cornerstones of technical analysis. We'll cover: ** Identifying trends:** Learn how to spot bullish and bearish trends using higher highs/higher lows (HH/HL) and lower highs/lower lows (LH/LL). ️** Support & Resistance Levels: Discover how to pinpoint key price levels where the market may bounce or reverse, creating potential trading opportunities. ** Fibonacci: Unlock the power of the Fibonacci retracement to identify high-probability trade entry points at the 61.8% level.
Education
by tradingwithanthony
S&P 500 Daily Technical AnalysisES (SP 500) Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Pitchfork, Fibonacci Retracement / Extension - Hope it Helps, Good Luck Chart unchanged, just a refresh from July 2023, no update required. DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
CME_MINI:ES1!
by BahamasX
Bitcoin @ key support level: $41.7k. High liquidity zone nearingToday I was trading NASDAQ:MARA puts expecting breach of $41.7k. While that didn't happen during the day, my puts still have a chance over the weekend. Let's take a look at the possibilities. Let's look at this chart below: First let's look at the diamond top - this is one of the most bearish patterns in my opinion and a strong indication of a major trend reversal. Followed by the "h-pattern" - this is a mix of bear flag/ headshoulders and not a very known bearish pattern since it's basically a combination of a few bearish patterns. Easily identifiable as a lowercase H. Our key support here is $41711-ish. Take a look at the wick zone that I highlighted. That'll be pretty difficult to breach at first but if we test that level again, will be a major stop loss raid. Should be clear skies with no support till 40.6k. The real challenge is 40.1k. That dip will get eaten up reaaaalllll quick. There might already be limit buys in that zone. Easy money if you're daytrading here. There's soft support @ 41.4k but it'll be taken down quickly if we breach 41.7k. I'd be a strong buyer @ low 38k. While it's possible, I don't see a reason to slide to that level yet, unless there's FOMO-selling. The bull case is that 41.7k acts as a high liquidity zone and instead of being breached, it rockets from here. Given that possibility, I didn't swing a whole lot in NASDAQ:MARA puts. We'll see. As always, follow/ like/ support for some nice trades when market is open. I usually target AMEX:SPY NASDAQ:TSLA NASDAQ:AMD NASDAQ:NVDA NASDAQ:QQQ Cheers & GL.
COINBASE:BTCUSD
by kingdips
$TENCENT shows sign of rebound with bottom formed$TENCENT shows sign of price bottoming on last Thursday with high volume supporting the price from going down lower. (Yellow square box) Based on our analysis, the rebound signals further sets in with price recover more than 50% of the Friday morning price fall. This indicating demand is coming back in after 2 weeks retrace & selling pressure easing. Which could lead to a price rebound in the coming weeks. Our trading method: we are looking into Bull CBBC on this potential short term rebound. #hkex #supplydemandtrading #supportresistancestrategy #cbbc #highriskhighreturn #stocktrading
HKEX:700Long
by ROUNDnSURGE89
JSW STEEL BREAKS OUT OF ASCENDING TRIANGLE WITH HUGE PROFITS TECHNICAL ANALYSIS : ASCENDING TRIANGLE BREAKOUT - Price has broken out of the pattern 2-3 weeks back on weekly chart 50D & 100D SMA REVERSAL - Price has also taken support on 50D & 100D SMA simultaneously a few months back and have reversed from those levels since then VOLUME SPIKE - Price has shown volume spike on the previous week (10th july) BREAKOUT FROM STRONG SUPPORT-RESISTANCE ZONE - Price has broken out of the strong level which had earlier acted as a strong support zone FUNDAMENTAL ANALYSIS : OUTSTANDING EPS COMPARED TO PEERS - Its mar'23 eps was ~12 compared to meagre 1.40 eps of its competitor OUTSTANDING EBIT MARGIN COMPARED TO PEERS - Its mar"23 ebit margin was ~12 compared to meagre ~7 of its competitor OUTSTANDING NET PROFIT MARGIN COMPARED TO PEERS - Its mar"23 net profit margin was ~7 compared to meagre ~2 of its competitor TRIPLE PROFITS ON CURRENT QUARTER - On top of everything they have also posted almost triple profits in jun quarter'23 giving more convictions to the prediction TAKE PROFIT & STOP LOSS - TP - 1028 SL - 740
NSE:JSWSTEELLong
by peace_lover
SPY- Bearish- UpdatePosting another quick update here on the SPY as a lot has transpired in financial markets over the past few months, yet buyer and selling continue to dictate the price action in my opinion. On the 4-hour timeframe, the SPY is oversold and has formed a bullish ABCD Elliot wave, while also holding a falling wedge within a bearish megaphone. On the daily timeframe, the SPY has formed a bearish head and shoulders (Pictured Below) and has broken below its 200-day SMA. The weekly timeframe depicts two bearish megaphones as well, with the SPY having held within the larger of the two since November of 2021. Just some support and resistance levels to keep an eye on in the interim, along with some RSI-based supply and demand zones, staying hedged, and staying cash. --Previous Charts Attached In Description -- SPY Daily Timeframe SPY - Daily - Bearish - Head and Shoulders (Bearish) - Broke Below the 200-day SMA - Sitting on the Covid-19 Trendline Support SPY 4-HOUR Timeframe - Oversold on the RSI - Bullish ABCD Harmonic Pattern - Falling Wedge Within a Bearish Megaphone - Sitting on the Covid-19 Trendline Support --Previously Charted--
AMEX:SPYShort
by jacobosiason7
What is Support & Resistance (S&R)? What Types of S&R?Support & Resistance (S&R) is one of the basic topics that we need to know in trading, whether trading forex, shares or cryptocurrency. Support & Resistance can show the upper and lower limits of price movement in a certain time. *) Resistance is the upper limit to limit prices from rising further. *) Support is the lower limit to limit prices from falling further. The market moves because of differences in demand and supply. When demand is greater the price will rise, if the supply is greater the price will move down. Types of Support & Resistance: 1. Classic S&R The way to determine S&R in Classic S&R is using previous swing high and swing low as referece (picture no.1) The advantage of using this method is we can know previous S&R and we can use that as our reference to determine target profit, or stop loss area. The weakness of using classic S&R is when the price break S&R we don’t know the next S/R 2. Dynamic S&R The way to determine Dynamic S&R is using moving average. We determine high point & low point when price touch moving average diagonal line. (picture no.2) 4. Harmonic S&R Harmonic S&R Is useful to determine S&R when price in all time high. The weakness of Classic S&R is when the price break S&R we don’t know the next S&R, because of that we use Harmonic S&R to analyze the next target profit or loss area. We use Fibonacci methode (picture no.3) to determine S&R How we know this is a strong S/R or not? That is a strong S/R when the price touch the S/R area and the price have a strong movement. Function of Support & Resistance Support & Resistance makes us know if this area can be a price target area, so we understand if the price doesn’t always go up or down, so we must to take profit and we have to put a stop loss. In stock market activity, support & resistance prices indicate certain psychological levels, like: *) Support is the level where people buy shares at the lowest price and make a profit when the price rises. *) Resistance is the level where people have bought shares at the highest price and experienced losses because the price fell. That activity becomes a repeating pattern. People tend to buy at the support price because they know the price will rise and when the price is almost or already in the resistance area they will sell. In the Forex market, we can have 2 positions in the same time, So when the price is at the support we can make a purchase, and when the price is at resistance we can sell the previous position and in the resistance area we can also look for a selling position with a profit target in the previous support area and a stop loss area above the resistance area, because if price breaks through the resistance, price will continue to rise and create a new resistance. Notes: 1. The source of this writing comes from several ideas that I have read, heard, or experienced personally. So if those of you reading this post & feel this is your idea, Please allow me to share again, because maybe I also learn from you. 2. The topic of Fibonacci and Moving Average will be discussed at another time Thank You. 28 Sep 2023
BINANCE:BTCUSDEducation
by moca_nomic
SPY- Bearish- UpdateHas been a while since I've posted an update on the SPY as a lot has transpired in financial markets over the past few weeks, and months. The SPY has been trading significantly under its average daily volume, which has primarily been the driving force behind the momentum in my opinion. On the other hand, the SPY is holding a nice symmetrical triangle on the weekly timeframe. Nonetheless, buyers and sellers continue to battle, however, on the daily timeframe the SPY is overbought on the RSI, and two Bearish Megaphones are currently still playing out. The SPY is yet again, at a make-or-break spot in my opinion. If we see another leg down, we could see a re-test of the COVID-19 trendline support. As I've said before and will happily say again, where I stand, we're in unchartered territory - Just some support and resistance levels to keep an eye on in the interim, along with some RSI-based supply and demand zones, staying hedged. --Previous Charts Attached In Description -- Weekly Timeframe Daily Timeframe Covid-19 Trendline Support
AMEX:SPYShort
by jacobosiason7