ETF Developers Buying Ahead of Q2 Earnings Reports: HDThis Dow component was the highest gainer for the average with a modest 2.10% gain yesterday. NYSE:HD price action was very controlled. Volume was slightly below average indicating it was likely ETF developers buying ahead of the earnings report.
Accumulation/Distribution indicator confirms this price range is a buy zone.
This is a technical setup to watch for pre-earnings runs for swing trading.
Swingtrading
ZION, 2024-06-27, LONGContext:
Weekly - Support zone @ 40.65/38.74
Daily - Trend line break; Retracement back to Window
1h - BOS; Body block as entry/stop range
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Main Target - Pivot high @ 46.15
Breakeven stop @ 42.92
2/3s out @ 44.29 (Fin ext. 1.0, when 0.618 is near pivot, bump to 1.0)
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Expected RR (at full) 7.3
BEPL WEEKLY BREAKOUTBEPL gave a weekly breakout and looks strong in the technicals. A big move can be expected if the breakout is successful (which seems so, can wait a few days to check the retest candles and other confirmation candles). The price has broken through after a huge gap of almost MORE THAN 5 YEARS.
**This is not a buying recommendtion, and is for educational purposes**
Feel free to share your opinions down below. Have a great trading day.
SWING IDEA - V GUARD INDUSTRIESThe technical analysis of V-Guard Industries suggests a compelling swing buying opportunity.
The reasons are listed below :
The stock has successfully breached a significant resistance zone at 270-280, showcasing potential for an upward trend continuation.
The presence of a robust bullish engulfing candle on the weekly timeframe, coupled with the stock finding support at the 50 EMA, enhances the bullish outlook.
Following a prolonged consolidation period exceeding six years, the stock is poised for a potential breakout, indicating the likelihood of substantial price movement.
The formation of higher highs further reinforces the bullish sentiment and suggests an established uptrend.
A notable increase in trading volumes during the breakout phase supports the authenticity of the upward movement.
Target - 360 // 424
Stoploss - weekly close below 282
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
EURGBP: Bearish Trend Continues? 🇪🇺🇬🇧
EURGBP is trading in a long-term bearish trend.
After the price set a new low in June, the market
started a correctional movement within a rising wedge pattern on a daily.
Bearish breakout of the support of the wedge may signify the
resumption of a bearish trend and a highly probable bearish continuation.
The price may reach 0.8437 level soon.
❤️Please, support my work with like, thank you!❤️
Copper Five Dollar TargetPossible distribution pattern incoming that'll take about 2 years to playout. The selloff that'll play afterwards will be quick like usual based on what we've seen in the past. 2008, 2011, and 2022.
Keeping an eye on MACD will help time a top if we dont see a breakout from the channel.
Pro Setups for Swing Trading Ahead of News: TSLANASDAQ:TSLA had a velocity run on the release of its production update for Q2. Velocity runs have gaps between candles which do not overlap. It is a run of enormous speculation to gambling mode and the professionals are taking advantage of it. Notice the pro trader setup candle patterns prior to the retail side getting the news.
EURCAD: Important Demand Zone 🇪🇺🇨🇦
Take a look at an expanding demand zone on EURCAD.
The underlined blue area is based on a recently broken
neckline of a head and shoulders pattern and a trend line of falling channel.
I believe that the next bullish wave may initiate from there.
Next goal - 1.483
❤️Please, support my work with like, thank you!❤️
A Simple/Consistent Trading Strategy Using AnchorBars For AllI was talking with a friend today and he stated he just wanted something simple and consistent.
He stated he was using Weekly, Daily, and 30 Min charts to try to confirm his trade setups.
He did not want to swing for trades too often - only when the Weekly, Daily, 30 Min charts aligned.
I've build multiple systems somewhat like the one I'm showing you in this video. The trick to managing this system is to avoid consolidation periods. When price settles into an extended sideways range - you want to cut your trading down to almost NOTHING and wait for a more defined trend.
Here you go. Simple and easy.
If you don't understand AnchorBars, you can learn more on my other TradingView videos.
Go Get Some...
IOUSDT could bounce back to VA on 2h TF Hi Traders , posting my first Idea here
*not an expert so be cautious* ------------------- *dont use leverage*
if the BTC drama is done , seems like the selloff is cooling ddown
market needs some relief
this IOUSDT got a decent avarage daily trading volume
so if my reading is done right we gotta pay a visit back to VA on 2h TF
my trade structure gonna be like this:
ENTRY : 2.3
PROFIT: 3.3
STOP LOSS : 2
good luck freinds, feel free ta add an opinion if u notice anything wrong
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Now that everything in crypto seems highly correlated every where i go i see same chart diffrent tickers ;
for me its very annoying environement to find scalping ideas specially while being long biased small cap trader
in the same time volume is being very slippery , spreaded & rounded between 3 to 5 coins which i find it difficult to catch , so if u guys know good metrics to track and read volume , always appreciate a learning tip in comments
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SOUTHBANKHi guys,
In this chart i Found a Demand Zone in SOUTHBANK CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
VIPCLOTHNGHi guys,
In this chart i Found a Demand Zone in VIPCLOTHNG CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
SWING IDEA - CRAFTSMAN AUTOMATIONConsider a potential swing trade opportunity in Craftsman Automation .
Reasons are listed below :
Strong Support at 3700-3800 : The stock has established a solid support level in the range of 3700-3800, formerly a resistance zone, indicating a significant shift in market sentiment.
Bullish Hammer Candlestick : A bullish hammer candlestick observed on the weekly timeframe suggests a potential reversal and uptrend, signaling increased buying interest and bullish momentum.
0.618 Fibonacci Support : Finding support at the 0.618 Fibonacci level strengthens the bullish case, providing a strong foundation for potential upward movement.
Constant Higher Highs : The stock has consistently formed higher highs, reflecting a trend of increasing bullish momentum and reinforcing the potential for further gains.
Double Bottom Pattern : A double bottom pattern has formed on the daily timeframe, indicating a potential trend reversal and adding further confirmation to the bullish outlook.
Target - 5440
Stoploss - weekly close below 3700
Disclaimer :
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - AEGIS LOGISTICS
Aegis Logistics , with its robust market presence and expertise in logistics and supply chain solutions, presents an attractive opportunity for swing traders.
Reasons are listed below :
Cup and Handle Pattern : Aegis Logistics is exhibiting a classic cup and handle pattern, suggesting a potential bullish continuation.
Breakout and Retest : After multiple tests, the stock broke above the crucial 400 level and has now retested it successfully, indicating strong buying interest and potential upward momentum.
Bullish Marubozu Candle : A bullish Marubozu candle on the weekly timeframe, engulfing four previous weekly candles, signals strong buying pressure and potential upward momentum.
Attempt to Breach All-Time High : Aegis Logistics is attempting to breach its all-time high, indicating strong upward momentum and potential for further gains.
0.5 Fibonacci Support : Finding support at the 0.5 Fibonacci level reinforces the bullish outlook, providing a strong foundation for potential upward movement.
Breakout from Consolidation : The stock has broken out from a consolidation phase lasting over three years, suggesting a significant shift in market sentiment and potential for sustained movement.
50 EMA Support : The 50-period Exponential Moving Average (EMA) on the weekly chart acts as reliable support, reinforcing the bullish bias.
Increased Volumes : Notable increase in trading volumes reflects heightened market interest and potential accumulation by investors, adding confirmation to the bullish thesis.
Target - 520 // 600
Stoploss - weekly close below 380
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
My Bullish Idea For USOIL Trade - Here is Why am Buying USOILFOREXCOM:USOIL
Here is why am bullish on USOIL.
1. The daily time frame structure is extremely bullish.
2. The 4hour is also bullish.
3. The 1hour chart structure is extremely bullish such that there is no reason to go short.
The orderflow on 1hour is very bullish, price is respecting bullish PD Arrays like Fair value Gaps (FVG), Bullish Orderblocks, bullish breaker etc.
My entry, target and stop loss are all on the chart.
I hope this inspires you.
Drop your idea in the comment section.