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Technical Analysis

Advanced Camarilla Concepts (1)Exploring Advanced Camarilla Concepts: The Strategic Role of Pivot Width In the realm of technical analysis, understanding the nuances of pivot points, particularly within the Camarilla framework, can significantly enhance a trader's ability to forecast and capitalize on market movements. A key aspect often overlooked is the analysis of pivot width, especially the width between the third layers, S3 and R3, which offers crucial insights into impending market dynamics. Pivot Width Analysis: Decoding Market Behavior Pivot width, the distance between significant Camarilla support (S3) and resistance (R3) levels, is a powerful indicator of potential market behavior. The interpretation of pivot width can be categorized into two distinct scenarios: Abnormally Wide Pivot Widths: When the distance between S3 and R3 is unusually large, it often indicates that the market might enter a period of trading range activity. In such scenarios, the market is less likely to exhibit strong directional momentum, and instead, traders might experience extended periods of consolidation. This setup requires strategies that capitalize on range-bound trading techniques, where buying at support and selling at resistance can be particularly effective. Abnormally Narrow Pivot Widths: Conversely, a tighter than usual gap between these pivot points typically signals the potential for breakout and trending activities. Narrow pivot widths suggest that the market is coiling, much like a spring, ready to release significant energy that could lead to strong directional moves. Traders should prepare for breakout strategies during these conditions, anticipating substantial moves away from the pivot line once a breakout occurs. Strategic Application in Trading Understanding and applying pivot width analysis within the Camarilla framework allows traders to adapt their strategies based on anticipated market conditions. By aligning trading approaches with pivot width signals, traders can enhance their tactical execution and improve the probability of success in varying market environments. For Wide Pivots: Implement range-bound strategies, focusing on capturing the oscillations between the defined support and resistance levels. For Narrow Pivots: Prepare for potential breakouts by setting entry points near the anticipated breakout levels, with appropriate stop-loss orders to manage risk effectively. Conclusion: Enhancing Trading Acumen with Pivot Width Analysis The study of pivot width in the context of Camarilla pivots offers a sophisticated tool for traders aiming to refine their market analysis and execution strategies. By paying close attention to these details, traders can better prepare for the market's next moves, whether they point to a continuation of the range or the start of a new trend. Stay tuned for further insights into the application of Camarilla pivots in trading, as we continue to explore deeper layers of this powerful analytical tool. This exploration not only enriches your trading toolkit but also enhances your ability to navigate through complex market landscapes.
CBOT:ZNZ2024Education
by msrozba
STLA 1H Swing Long Aggressive CounterTrend TradeAggressive CounterTrend Trade - short impulse + biggest volume T1 + biggest volume Sp? + weak test closed 2 ticks below support level + first bullish bar closed entry - resistance level Calculated affordable stop limit 1 to 2 R/R take profit Daily countertrend "- short impulse + volumed TE/T1 level + support level" Monthly trend "+ long impulse + T2 level + 1/2 correction + support level" STLA @NYSE Sell Limit 17.40, GTC Sell Stop 16.53 LMT 16.84, GTC
NYSE:STLALong
by MishaSuvorov
5
BANK NIFTY INTRADAY LEVELS FOR 26/08/2024BUY ABOVE - 51080 SL - 50890 TARGETS - 51300,51500,51620 SELL BELOW - 50890 SL - 51080 TARGETS - 50740,50600,50420 NO TRADE ZONE - 50890 to 51080 Previous Day High - 51080 Previous Day Low - 50890 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
4
NIFTY INTRADAY LEVELS FOR 26/08/2024BUY ABOVE - 24850 SL - 24780 TARGETS - 24900,24960,25020 SELL BELOW - 24780 SL - 24850 TARGETS - 24740,24700,24660 NO TRADE ZONE - 24780 to 24850 Previous Day High - 24850 Previous Day Low - 24780 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
HNT (Helium): Pullback in UptrendTrade setup : Price is in an Uptrend. Price rallied over +100% since breakout from Channel Down (we highlighted it as HOT trade setup). It's also broken through 200-day MA and $5.50 stiff resistance, which renews the long-term uptrend. After reaching our target of $8.00 resistance, we look for the right entry opportunity in Uptrend. We wait for price to pull back near $5.50 key level for another swing trade entry in Uptrend with +40% upside potential back to $8.00. Pattern : Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3. Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Up. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $4.00, then $3.00. Nearest Resistance Zone is $8.00, then $9.60.
Long
by altFINS
1
BTC (Bitcoin): Resistance BreakoutTrade setup : Price broke back above $60K horizontal resistance and above 200-day moving average (~$63K) to signal resumption of uptrend, with upside potential to $72K. Stop Loss at $59K. Momentum (MACD) is bullish but not overbought yet (RSI < 70), suggesting that there's still gas left in the tank near term. Pattern : Resistance Breakout. Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7. Trend : Short-term trend is Strong Up, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $56.50, then $50.00.
Long
by altFINS
GBPUSD: Spotting the Next Big MoveKey Insights Upward Trend: The overall trend for GBPUSD remains bullish. Resistance Levels: 1.3200 and 1.3250 are significant resistance levels. A breakout above these levels could signal further upside potential. Support Levels: 1.3000 is a key support level. A break below this level could indicate a potential reversal. Economic Indicators: Keep an eye on economic indicators from both the UK and the US, as they can significantly impact the exchange rate. Bearish Perspective Key Points: Overbought Conditions: GBPUSD might be approaching overbought conditions on certain technical indicators. A pullback could be expected. Resistance Breakout Failure: If the pair fails to break above the 1.3200 resistance level multiple times, it could signal a potential reversal. Economic Data: Weak economic data from the UK or strong data from the US could weaken the GBP. Sell Levels: 1.3200 (resistance) 1.3300 (stronger resistance) Potential Swing Trade: Buy on Pullback: If the pair pulls back to the 1.3000 support level, consider buying with a stop-loss below the support. The target could be the next resistance level around 1.3250. Bullish Perspective Key Points: Upward Trend: The overall trend remains bullish, and a breakout above the 1.3200 resistance level could trigger a significant rally. Positive Economic Indicators: Strong economic data from the UK or weak data from the US could support the GBP. Technical Indicators: A bullish crossover on a moving average or a positive divergence on an oscillator could reinforce the bullish outlook. Buy Levels: 1.3000 (support) 1.2800 (stronger support) Bullish Strategy: Buy on Pullback: If the pair pulls back to the 1.3000 support level, consider buying with a stop-loss below the support. The target could be the next resistance level around 1.3250. By combining technical analysis with fundamental factors, you can make more informed decisions about your GBPUSD trades. Remember: [/b ]Swing trading involves holding positions for a few days or weeks. It's essential to have a well-defined risk management strategy in place. Remember to stay alert for potential market manipulations (Inducements), especially around support and resistance levels. These can often occur during significant events or flash news. Avoid getting caught in these traps by carefully analysing the market using price action. Disclaimer: This analysis is based on current market conditions and may change. It's essential to conduct your own research before making any investment decisions.  
by blamezak
7
Technical Outlook on XAU/USD: Rising Wedge and Ascending Channel1. Daily Chart (D1) Pattern Observed: There is a noticeable ascending channel forming. The upper boundary is marked by a series of higher highs (HH), and the lower boundary is marked by higher lows (HL). Resistance Zone: The chart indicates a key resistance around the 2,540–2,560 level, highlighted by the upper trendline of the ascending channel. Support Levels: Key support zones are marked around 2,267 (Weekly LQZ) and 2,353 (4HR LQZ), which coincide with significant price action in the past, potentially serving as strong support areas in case of a pullback. Market Behavior: The market is currently testing the upper trendline resistance of the ascending channel. A rejection from this level could indicate a potential reversal or a pullback to the lower boundary of the channel. 2. 4-Hour Chart (H4) Pattern Observed: The 4-hour chart also shows a more defined rising wedge pattern, which is typically a bearish reversal pattern when it forms in an uptrend. The price is trading near the upper resistance line of this wedge. Liquidity Zone: An important liquidity grab/rejection area is marked around 2,476, which aligns with previous price consolidations and rejections. This area could serve as a strong inflection point where price could either rebound or break below, leading to a deeper correction. Highs and Lows: A series of higher highs (HH) are visible, but the formation of a recent lower high (LH) could signal the start of a potential reversal if the price fails to create a new higher high above the previous peaks. 3. 1-Hour Chart (H1) Pattern Observed: The 1-hour chart presents a more detailed look into the price action within the wedge. The price action is currently within a tightening range, reflecting indecision and possible consolidation before a breakout. Support and Resistance: Near-term support is identified at the liquidity zone around 2,476, and the resistance aligns with the upper boundary of the wedge pattern. Potential Setup: A bearish divergence could be developing, given the price action nearing resistance while momentum indicators (not shown here) might start to flatten or decline. 4. Multi-Time Frame Analysis Higher Time Frame Influence: The weekly flag pattern identified on the daily chart is influencing the overall bullish bias. However, the rising wedge pattern on both the daily and 4-hour charts suggests caution as a potential bearish reversal could occur. Key Decision Zones: If the price breaks above the upper boundary of the wedge, it would likely aim for the next resistance levels around 2,560 and possibly beyond, towards 2,600+. Conversely, a breakdown below the wedge's lower boundary could accelerate selling towards the 2,353 and 2,267 levels, where major liquidity zones reside. 5. Trading Strategy Insights For Long Positions: Consider entries upon a confirmed breakout above the upper boundary of the ascending channel/wedge, targeting the next significant resistance levels. Utilize tight stop losses to minimize risk in case of a false breakout. For Short Positions: Look for bearish confirmation such as rejection from the upper boundary or a breakdown below the support trendline. Potential targets would be the 4HR LQZ and the Weekly LQZ, with stops above recent highs to protect against unexpected volatility. Conclusion: The current price action suggests a critical juncture where the Gold Spot (XAU/USD) is at a significant resistance area. Traders should watch for a breakout or breakdown from the wedge pattern on the 4-hour and daily charts to determine the next directional move. Keep an eye on volume and momentum indicators for confirmation, as well as news events that could influence gold prices.
OANDA:XAUUSD
by Adlercon333
SWING IDEA - BOMBAY BURMAH TRADING CORPBombay Burmah Trading Corporation , a diversified company with interests in tea, coffee, and other sectors, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 1850 Resistance Breakout : The 1850 level has been a significant resistance zone, tested multiple times. The price has finally broken through this level and closed at a new all-time high, indicating strong bullish momentum. Bullish Marubozu Candle on Weekly Timeframe : The recent formation of a bullish marubozu candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement. Trading Above 50 and 200 EMA : The stock is trading above both the 50-day and 200-day exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels. Sudden Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. Target - 2600 // 3000 Stoploss - weekly close below 1690 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
NSE:BBTCLong
by Visionary_Growth_Insights
4
SWING IDEA - ASIAN PAINTSAsian Paints , one of India's largest paint companies, is showing promising technical signals for a potential swing trade. Reasons are listed below: 3000 Zone as Previous Resistance : The 3000 level was a significant resistance zone that the price has now broken and retested, indicating a strong bullish sentiment. Dragonfly Doji on Daily Timeframe : The formation of a dragonfly doji on the daily chart suggests a potential reversal to the upside after testing support, reflecting strong buying interest at lower levels. 50 and 200 EMA Support on Daily Timeframe : The stock is trading above both the 50 and 200-day exponential moving averages, which serve as strong support levels, reinforcing the bullish outlook. Break of 6-Month Consolidation : The stock has broken out of a 6-month consolidation phase, signaling the potential for a new uptrend and increased momentum. Bounce Back from Golden Zone : The stock has bounced back from the golden Fibonacci retracement zone (0.618 level), which often acts as a strong support and suggests a continuation of the uptrend. Target - 3185 // 3420 Stoploss - daily close below 2950 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
NSE:ASIANPAINTLong
by Visionary_Growth_Insights
Weak Dollar And Bullish Technicals Signal For Higher BitcoinAfter some initial recession fears spurred by the NFP report showing higher unemployment (4.3%) at the start of Avugust, stocks have bounced back up as last week’s retail sales data indicates the economy isn’t as bad as feared. CPI figures have also helped stabilize the markets, and with the FED potentially closer to cutting rates in September, the stock market may continue higher. Now that stocks are back to bullish mode, we can see a strong risk-on sentiment that can push stocks even higher, while USDollar will most likely stay under bearish pressure along with US Yields, which can help Crypto market to stay in the bullish trend. So this time we want to update an interesting weekly BITCOIN technical chart we have been tracking for the last two years. Notice that back in 2023, bitcoin broke out of a downtrend channel and then retested it as a support, followed by a rise above 50-week Moving Average, which interestingly, also held as a support. Since then price turned higher, and start forming some extended structures since the beginning of 2024. Now in the second part of 2024 we got some slowdown after touching 80k, but it clearly looks like a corrective and sideways price movement within uptrend, that once again retested 50-week MA support, also with nice bullish hammer candlestick formation. That said, be aware of a bullish continuation into the end of 2024.
BITSTAMP:BTCUSDLong
by ew-forecast