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Supportandresistancezones

Sell AUD/CAD Triangle BreakoutThe AUD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9104 Target Levels: 1st Support – 0.9060 2nd Support – 0.9032 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
10
NAS100USD: Is Bearish Control Taking Over?Greetings Traders! While NAS100USD remains bullish, I see signs of a potential bearish shift for several reasons identified on the chart. Most notably, price has been rejecting a Rejection Block, a significant institutional resistance zone. This rejection has resulted in strong downside displacement, signaling that institutional interest may now lean bearish. Retail vs. Institutional Resistance Institutional Resistance: Price has retraced into heavy premium levels, ideal for selling opportunities (sell in premium, buy in discount). A key difference with institutional resistance lies in its foundation on Rejection Blocks. These order blocks, formed at market turning points, are characterized by large wicks relative to candle closures. They indicate that institutions or smart money entered substantial sell orders, giving confidence to anticipate bearish price action. Retail Resistance: In contrast, retail resistance often serves as engineered liquidity. Here, banks and institutions create the illusion of a resistance zone to entice retail traders into taking trades. These zones, strategically placed at premium levels, enable institutions to sell against retail positions. Understanding this manipulation is critical for aligning with institutional order flow. Trading Plan Confirmation Zone: Monitor price action at the Rejection Block and premium levels for bearish confirmation. Targets: Fair Value: The 50% retracement of the leg. Liquidity Pool: The downside liquidity resting below current levels. Discussion and Insights If you have questions, analysis, or insights, feel free to share them in the comment section. Let’s collaborate, learn, and grow as traders! Kind regards, The_Architect
OANDA:NAS100USDShort
by The_Archi-tect
2
XAUUSD / TRADING UNDER DOWNWARD PRESSURE / 4HXAUUSD / 4H TIME FRAME HELLO TRADERS Prices are currently under downward pressure, indicating a bearish sentiment ,The current price movement is attempting to approach a resistance level of $2,630. Scenarios and Levels , If prices stabilize below $2,630, it suggests further declines: • First target: $2,604. • Second target: $2,587. • Breaking the resistance level of $2,630 suggests: • First upward target: $2,661. • Second upward target: $2,678. Conditions for Movement, Stabilization below $2,678 , Suggests prices will likely decline , Stabilization above $2,678 , Indicates a possible continuation of upward momentum. Overall Range , The expected trading range is between $2,716 (upper limit) and $2,542 (lower limit).
OANDA:XAUUSDShort
by ArinaKarayi
Sell EUR/JPY Bearish ChannelThe EUR/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 161.15 Target Levels: 1st Support – 159.88 2nd Support – 158.91 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
12
A Risk Tolerance Test for All TradersRisk Tolerance trips up more traders than any other emotional aspect of trading stocks, or any other asset class. How is your risk tolerance? Would you say that you have a good stable risk tolerance? Or is it the main reason you take small gains or losses? If you need help evaluating your risk tolerance, take this Risk Tolerance Test . If any of these apply, then there is a problem you need to address: Do you get stopped out of trades and then watch as the stock moves up? This is caused by setting stops too tightly for the kind of trading style being used. Do you panic as the stock retraces and lower the stop loss to avoid getting stopped out? This actually increases risk rather than lowering it. Do you raise your stop loss before the stock forms a new consolidation for support? This also increases risk rather than lessening it. There is higher risk that you will get stopped out prematurely. Do you check profit or loss everyday on your held stocks? Position traders should only be checking their balance once a month. Swing traders could wait for the end of the month but can do it weekly. Are you a swing trader who checks your positions intraday to see what is happening? This runs the risk of reacting prematurely to intraday volatility that eventually evens out. Have you given up on using stop losses because "they don't work"? You probably just need to learn a better method for placing stop losses. Do you hold and hold with no stop loss, watching a stock tumble, unable to exit and ultimately exiting too late or "holding long term" instead? This is a chronic problem among retail traders that indicates the lack of a complete trading plan, one that provides a plan for when your holdings go against your intent. To keep your risk tolerance in check try adding these simple steps to your trade analysis: Carefully check the Risk to Reward ratio of your picks, and only trade stocks with a good probability for profit vs. loss. Consider the amount of money at risk in each trade. Think about how you would feel if you lost that money should the trade go against you. Add this parameter to your trading rules. Lower overall market risk by trading more than one or two stocks at a time. Spread your capital outlay over a few picks rather than putting it all on one trade. Use stop losses on every trade. Place stops under the appropriate support levels for the chart patterns and your intent. If you are a Swing Trader, it is important to enter trades only on strong market days. Not every flat day is a good day to swing trade. You'll keep more of your profits over time if you wait for ideal days and picks. The simplest way to improve risk tolerance is to continually paper trade on a Simulator even after you've started trading live. Most beginners do not practice executing their trading plan sufficiently before jumping into the market. They allow emotion to cloud better judgment and let greed overwhelm decisions. Trading is the only business where normally calm, intelligent, and wise people do really greedy things that end up being foolish and risky. And it all comes down to the emotions that come with money, especially fear, greed and pride. Traders have one thing to compete against and that is their own emotions, which can cause poor decisions. My best advice for all traders is this: compete against your own prior trading history to improve results, and ignore what is going on with everyone else. Summary: Emotional control comes from having a sound plan, sticking with it, and not changing it because the market has moved on a whim or some guy on social just made a lot of money. Create your trading style, which is a plan of attack for the market. Set out your strategies and use the correct ones for the current Market Condition. Only trade stocks that have a risk factor you can live with. Use stop losses appropriately, and you will be successful. Problems occur somewhere in all of this, when traders miss a step and deviate from the plan. When you feel emotions getting out of hand, controlling your trading decisions, consider the above checklists for help evaluating and adjusting your mindset. Greed is a tough emotion to control, because it is insidious and hard to identify in ourselves. Fear is easy to identify and much easier to control or harness. A certain amount of fear is necessary and good in the market, because it keeps individuals from taking too much risk. However, fear that dominates daily emotional energy only creates constant losses. Think about this and study prior trades. If they performed well after being stopped out, then there is a risk problem to address in your trading plan.
NYSE:AXPEducation
by MarthaStokesCMT-TechniTrader
EUR/USD Hits Critical Support: Will It Move Higher?EUR/USD has experienced a decline of over 5% in recent weeks, without any significant pullbacks, raising the likelihood of a potential upward movement in the coming days. This downward trend has brought the price to a key support level on the daily chart, near 1.0450, a region previously tested in December 2022. Following this, the price exhibited classic false breakout behaviour, briefly dipping below this support before quickly reversing upwards. Understanding False Breakouts in the Forex Market A false breakout occurs when the price temporarily breaches a significant support or resistance level but fails to maintain that movement, swiftly reversing direction. In the case of EUR/USD, the breakdown below 1.0450 was rejected by buyers, which resulted in an immediate upward rebound. False breakouts are relatively common in the Forex market, where heightened volatility and manipulation by larger players can trigger fleeting movements that capture the stop-loss orders of conservatively positioned traders. Such scenarios often create opportunities to trade in the opposite direction of the initial breakout. Potential Trigger: Break Above Previous Candle High Today's candle has exceeded the high of the prior candle, signalling a possible shift in direction as buyers begin to regain momentum. This context indicates that the 1.0450 region could once again serve as a crucial defensive point for buyers. Potential Upside in the Coming Days The breakout above the previous candle's high is a positive indication for buyers. If EUR/USD can maintain its position above the 1.0520 level, it may signify the onset of buying strength, with the next upside targets being: 1.0670 - A zone where previous support may act as resistance, coinciding with the 38.2% Fibonacci retracement level of the recent decline. 1.0750 - A significant resistance level and prior consolidation zone on the daily chart, aligning with the 50% Fibonacci retracement of the recent downside. To confirm this bullish scenario, the price will need to sustain upward momentum characterized by large-bodied daily candles and increasing buying volume. Alternative Scenario: Bearish Resumption Should the price fail to maintain the rally and break below the 1.0450 support level, the bearish scenario could resume, with subsequent targets including: The next relevant support zone on the daily chart around 1.0250. A final target near the 1.0100 region, which attracted attention in November 2022. EUR/USD is currently at a critical juncture following a significant decline and a false breakout of daily support. The analysis suggests potential for upside as long as the price remains above 1.0450. However, the possibility of a bearish scenario cannot be dismissed, especially in the event of a negative reversal. This is a crucial period for monitoring price behaviour at key technical levels. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Long
by Marketscom
Alkem Laboratories Ltd. (NSE: ALKEM)Technical Analysis and Key Levels 1.Current Price Action: Alkem Laboratories is trading at ₹5,484.40, testing a critical support zone (₹5,300–₹5,450) identified by historical price action and volume profile. 2.Resistance and Support Levels: Immediate Resistance: ₹5,811.55 (previous swing high). Key Resistance Zone: ₹6,000–₹6,346.55. A breakout above ₹6,346.55 can lead to fresh bullish momentum. Immediate Support: ₹5,323.60 (near-term support). Critical Support: ₹4,629.85, a major demand zone. Failure to hold this level could trigger further downside. 3.Volume Profile: High-Volume Node (HVN): Significant buying interest is observed around ₹5,450–₹5,800. Low-Volume Node (LVN): Below ₹5,300, liquidity decreases, increasing the risk of a sharp drop toward ₹4,629.85. 4.Moving Averages: The stock is currently hovering around the 50-day moving average, indicating short-term indecision. The 200-day moving average at ₹5,323.60 acts as crucial support for long-term trend analysis. 5.RSI Indicator: The RSI is neutral but leaning towards the oversold region, suggesting potential accumulation in this zone. A break below ₹5,323 could push RSI into bearish territory. 6.Key Observations: Nomura's Price Target Update: Nomura revised the price target to ₹6,097 (Neutral stance), close to the immediate resistance levels, which aligns with market consolidation. 7.Potential Scenarios: Bullish Case: Sustaining above ₹5,484.40 and breaking ₹5,811.55 may open doors for ₹6,346.55. Bearish Case: A decisive break below ₹5,323.60 could lead to ₹4,629.85. 8.Trading Strategy: For Bulls: Look for confirmation above ₹5,811.55 with increased volumes before entering long positions. For Bears: Short opportunities arise if the stock breaks and sustains below ₹5,323.60 with a target near ₹4,629.85.
NSE:ALKEMLong
by AngshumanSaikia
DOGE/USDT - Rising Wedge Breakout - H4 ChartThe DOGE/USDT pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Rising Wedge Pattern. This suggests a shift in momentum towards the downside in the coming Days. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.3910 Target Levels: 1st Support – 0.3188 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
5
Nifty Prediction for 26th November 2024Nifty Prediction for 26th November 2024 nifty moments for intraday and option trading The benchmark index showed significant upward momentum, driven by gains across all sectors. This rally was largely influenced by the NDA's victory in the Maharashtra state elections, which boosted investor confidence. On Monday, the Nifty index surged by 314 points, closing at 24,221.90. The session began with an upside gap, and early buying extended the pullback rally. However, the index lost some of its election-driven momentum, retreating slightly from its intraday high of 24,351 and forming like a Doji candlestick pattern on the daily chart. Despite the slight retreat, the Nifty confirmed a breakout of the Falling Channel pattern with a gap-up opening and sustained levels above the Middle Bollinger Band, indicating a bullish setup for the near term. Momentum indicators further supported this outlook, with the RSI recovering sharply from the oversold zone and showing a positive crossover. Additionally, the MACD exhibited a positive crossover, reinforcing the potential for a reversal. Traders are advised to maintain a positive bias as long as the Nifty remains above the 24,000 mark. On the upside, if the index sustains levels above 24,350, it could potentially move higher toward the 24,500 and 24,700 levels.
NSE:NIFTY
by ARROWINDEX
SMLT 1D Aggressive Investment CounterTrend TradeAggressive CounterTrend Trade - short impulse + biggest volume T1 + support level + biggest volume 2Sp+ + weak test + first bullish bar closed entry Calculated affordable stop limit 1 to 2 R/R take profit CounterTrend 1M "+ short impulse + biggest volume TE / T1 level + support level + biggest manipulation?" Trend 12M "+ SOS test level - far below 1/2 correction + support level + biggest volume manipulation?" They say company is going to bankruptcy, but why would it concern technical analysis?!
RUS:SMLTLong
by MishaSuvorov
Sell TURBO/USDT Triangle Breakout in H4The TURBO/USDT pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming Days. BINANCE:TURBOUSDT Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.0081 Target Levels: 1st Support – 0.0047 2nd Support – 0.0023 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
22
Disney - Don't Miss This Reversal Now!Disney ( NYSE:DIS ) is about to retest strong support: Click chart above to see the detailed analysis👆🏻 Even though Disney has been consolidating for about 10 years now, it is still providing bullish trading setups. Especially the current horizontal support has been holding Disney above water and it is more than likely that Disney will create another bullish reversal away from this level. Levels to watch: $85 Keep your long term vision, Philip (BasicTrading)
NYSE:DISLong
by basictradingtv
8
Tata Motors (Daily Timeframe) AnalysisChart Pattern & Trend: Primary Trend: The stock previously followed a rising channel pattern, peaking near ₹1,176.50. After breaking the channel's lower boundary, it entered a significant downtrend. Current Trend: Bearish, as the stock has consistently been making lower highs and lower lows. Fibonacci Levels: The Fibonacci retracement tool highlights key levels: 61.8% Level (₹880.35): This level acted as a minor support before breaking down. 50% Level (₹788.85): The stock is hovering around this level, attempting to stabilize. 38.2% Level (₹697.40): If the downtrend continues, this could be the next key support. 23.6% Level (₹584.20): A deeper correction might test this level in a prolonged bearish scenario. Volume Analysis: Declining volumes suggest weakening momentum on the downside. A volume spike at key support levels could indicate buying interest. RSI (Relative Strength Index): RSI is in the oversold zone or nearing it, indicating potential for a short-term pullback or consolidation. Key Levels to Watch: Resistance: ₹880 (61.8% Fibonacci) and ₹900 are immediate resistance zones. Support: ₹788 (current level) and ₹697 (38.2% Fibonacci) are critical supports. Potential Scenarios: Bullish Reversal: A breakout above ₹880 with increasing volumes could signal the beginning of a recovery. Continued Bearishness: A breakdown below ₹788 could lead the stock toward ₹697 and ₹584. Trading Strategy: For Long Positions: Look for reversal patterns around ₹788 or ₹697, supported by RSI divergence and volume confirmation. For Short Positions: Consider selling near resistance levels like ₹880 with a stop-loss above ₹900.
NSE:TATAMOTORS
by AngshumanSaikia