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AMZN: Moving into A Buy Zone?The Weekly Chart of AMZN shows that the stock has dropped into a strong support price level with a risk that there could be a Dark Pool Buy Zone here. The share price is now below fundamental values. With a month before AMZN reports earnings, it will be interesting to see how the stock behaves; it will reveal how well AMZN is recovering from the hyper revenues created by the stay-at-home orders and stimulus checks of the pandemic. This is the last quarterly report that will be skewed with the revenues and earnings from the pandemic anomaly. This company MUST provide a dividend soon.
NASDAQ:AMZN
by MarthaStokesCMT-TechniTrader
1
NQ Power Range Report with FIB Ext - 9/27/2022 SessionCME_MINI:NQZ2022 - PR High: 11327.25 - PR Low: 11297.75 - NZ Spread: 66.0 Evening Stats (As of 12:15 AM) - Weekend Gap: -0.23% (filled) - 8/29 Weekend Gap: -0.18% (open > 13125) - 8/19 Session Gap: -0.04% (open > 13540) - Session Open ATR: 312.10 - Volume: 40K - Open Int: 280K - Trend Grade: Bear - From ATH: -32.0% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 12391 - Mid: 11820 - Short: 11248 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQZ2022Long
by mv3trader5
Nifty Important levels for Wednesday 01.06.22Here are some important levels for nifty for 01.06.2022- Nifty has formed double top in 75 min time frame, and in 15 min time frame it broke its previous swing low. Hence it can be considered in retrenchment mode if we consider daily time frame. In this case we have to wait for tomorrow’s opening to predict its resistances and support levels. If nifty crosses today’s low without breaking today’s high then the trend will be continued. In that case, major support levels will be at 16500, 16288 and 16066. If Nifty crosses the last support level of 16066, then it will again enter into bearish trend. For any opening below 16656 with negative price action crossing CPR at 16590 we can enter in a bearish trade. If nifty crosses 16700 level without breaking today’s low with positive price action, then only we can initiate bullish trade. In that case important resistance levels will be at 16821 and 16912 Highest CE side OI is present at 17000 and for PE side it is at 16500, but in pe side change of OI is in negative but in CE side change of OI is in positive which indicates bearishness in the market. According to India vix at the closing time nifty range for Wednesday will be 210
NSE:NIFTY
by rahulbora11
ASX200 support remains from 6910Hi all, this morning, it's hard not to notice 6910 support on the ASX200 daily chart. Sellers once again breached the level but have again been unable to hold the break with buying developing in today's cash session. We see this level as key support as it has held firm since April 2021. Green circles show the amount of times sellers have been unable to break the level since April. Interestingly, we've seen four moves higher after a level test. Today's idea is not a buy or a sell, it's more of a heads up. We will be watching this level to see if any further ideas develop.
EIGHTCAP:ASX200
by Eightcap
DOT possible breakout?Hello everyone, let's take a look at the DOT to USDT chart over the 1 day timeframe. As you can see, the price is moving in an uptrend channel marked with blue lines. Let's start by determining the support lines with the Trend-Based Fib Extension tool and as you can see, the first support in the near future is $ 18.09, if the support breaks down, the next ones are $ 17.06 and $ 16.24. Now let's move from the resistance line as the first resistance is $ 19.35, if you can break it the next resistance will be $ 20.77 and $ 21.94 plus $ 23.09. Looking at the CHOP indicator, we can see that in the 1-day range we are starting to gain more and more energy, and the MACD indicator shows that an uptrend has started.
by cryptodailyuk
Bitcoin - Key levelsAs stated on a previous Idea, BTC/ USDT is trading on a Modified Schiff Pitchfork since 2020. BTC/ USDT is currently trading inside an ascending channel (White). The Upper Channel Line is the multi month trendline (Bold Yellow) that we broke in January. If we reclaim the 0.236 Fibo and the level 1.5 (Purple Trend) of the Modified Schiff Pitchfork as support, we could expect a move to the upside, the first stop would be the 0.382 Fibo and we should be very cautious around this level, a huge Overlap is waiting us as resistance, combined with the 200 SMA Daily and the multi month trendline / Upper Channel Line. If BTC can't reclaim the 0.236 Fibo and the level 1.5 (Purple Trend) of the Modified Schiff Pitchfork, we could expect a rejection to the lower level of the Modified Schiff Pitchfork (Pink Trend and Red Trend)
by MyCryptoSuccubus
1
That looks like great support to me... Many touches and support at this price from last consolidation, always wait for confirmation and then attack. We can see the daily MACD giving us a good entry after this consolidation over the support line, last time price was at this levels and the MACD gave us this signal ADA when nuts doing over 180% in 40 days. We always try to look for the trap in our own analysis, as we had a fakeout MACD signal last october, and, although it wasn't at the same levels or resistance, it might be our bear signal if it develops the same. You can start DCA'ing from this resistance or wait for confirmation if breaks from this reversal pattern "Don't trade withouth an strategy"
ALong
by CriptoJoe
USDJPY in buyers controllBased on the chart, price previously broke a major resistance area and now a pull back (or maybe a correction) has completed. We can clearly see that the power of sellers at this area decreased and today a good rejection is about to happening (which can be a good sign of buyers power at this area). So based on the mention scenarios, I prefer to be buyer at this area with a good risk reward ratio(1:3.5). Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Long
by Brian_Philips
NIO: What could cause a pullback now?Hello traders and investors! Let’s see how NIO is doing today! First, we have a Double Top chart pattern in the hourly chart, and if triggered, it could be the start of a pullback in the daily chart. The $ 39.74 is the resistance NIO must defeat to cancel this pattern, and it is at the same time a Pivot Point, that could resume the bull trend. So, the $ 39.74 is a quite important point to keep in mind. What’s more, we have a strong support zone that could hold the price if NIO drops, at the blue area in the chart. We have the 21 ema, the previous support (yellow line) and the previous top (blue line). I believe this support zone is the most decisive point for NIO, because if it loses it, the idea of a pullback in the daily chart gets stronger. Let’s see the daily chart: The trend is very bullish here, and a pullback to the 21 ema, or even to the $ 29.40 would be a natural and healthy movement, that wouldn’t ruin the bull trend at all . In fact, it would only give us an opportunity to buy, or buy more. If NIO loses yesterday’s low ($35.82), the market could see this as a Spinning Top candlestick pattern, and it’ll be another event that could lead a pullback here. But so far, NIO is in a strong bull trend, and it hasn't lost any of its supports yet. But it didn’t trigger the pivot point at $ 39.74 as well, so let’s keep an eye on these points! And if this idea helped you, please, support it ! And follow me to keep in touch with my daily analyses! Stay safe.
NYSE:NIO
by Nathan_The_Finance_Hydra
11
GBPAUD - Bullish Deep CrabWell, is rather rare for me to share my workings this way as I prefer clean chart, so bear with me on this. There's a bullish deep crab setup on the GBPAUD, the level that the setup end was at a Major Support Level, on the daily, 4-hourly and 1-hourly chart. The first target of the bullish deep crab pattern coincides with the assumed retracement level I was looking at, with RSI at the overbought area and other things, I've already engaged the trade.
Long
by RaynLim