Get started

Support_and_resistance

Alikze → APE | Motivational wave 3 or CIn the 1W and 1D time, after a correction in the form of three waves, the bottom of the candlestick spike and 0.78 corrected wave A. Currently, it is in the motivational wave 3 or rising C, which is the minimum return to 100% of the previous wave in the range of 2.35. Short-term areas of the first supply area and medium-term areas of the second area will be accessible. 🟩Sup: 1.50 - 1.56 ⛳️Tp 1:1.76 ⛳️ Tp2 : 1.85 ⛳️ Tp3 : 2.35 - 2.80 ⛳️ Tp4 : 3.50 TimeFrame: 1W ----------------- 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
14
Alikze → MANA | Ready to break the triangle densityIn time W1, after exiting the density, it is currently in the specified area of the trading range and at the corner of a density in time D1, if it is supported in the green box area and exits the density, it will have the ability to grow to the specified supply area. Otherwise, the breakout will continue to correct from the bottom to the liquidity 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.❤️
by alikze
Alikze → USDT.D | Major ceiling supportTimeFrame: 1W Dominance Tether has taken a corrective path after breaking the neck line and the dynamic trigger line, as well as the pullback. Currently, it is placed in the ceiling of the previous major, which is an important support zone for the continuation of the path. Two scenarios can be considered for it. Scenario 1 : It should probably have a return to the range of 5.40 to 5.45 and after taking into account the downward momentum, this support should be broken, which can continue to correct after the pullback to the green gap box area. Second scenario : If this return is broken up to 5.40 to 5.45, it should probably have a retest to the neckline, and then in case of a negative reaction, we will witness the continuation of the correction. Note that this analysis is on a weekly basis and should be paid attention to in the medium term. Of course, we will try to carry out the necessary investigations in case of changes in behavior and structure. Note that Dominance Tether's movements are opposite to Bitcoin's price movements. That is, every rise of Tether's dominance will correct Bitcoin and the market, and vice versa ----------------- 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.❤️
CRYPTOCAP:USDT.DShort
by alikze
5
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 fxtraderanthony
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