Virgin Galactic (SPCE) - Q2 Interest - Potential Accumulation 📊 Fundamental Analysis:
Virgin Galactic has been gaining attention in the market due to a positive Q2 performance. The company's strong quarterly results have sparked interest among investors, potentially indicating positive growth prospects ahead.
📈 Technical Analysis:
The chart above illustrates a potential Wyckoff accumulation phase for SPCE. The price action appears to be forming a classic Wyckoff pattern, suggesting a potential bullish reversal. We've seen a series of higher lows forming over time, indicating increasing buying interest.
🔄 Anticipating the Spring Phase:
The final confirmation for the Wyckoff accumulation pattern often comes with the "Spring" phase, which involves a liquidity grab at the bottom. In this case, we're watching for a potential dip to the 0.272 Fibonacci level around $2.36. This could act as the liquidity grab, setting the stage for a potential bullish move.
📈 Bullish Confirmation:
To confirm the bullish scenario, we're looking for a higher high (an outbreak) in the price action, potentially around the $8 to $10 range. This breakout would validate the accumulation phase and signal a potential trend reversal.
🔍 Key Levels to Watch:
Support: 0.272 Fibonacci at $2.36
Breakout Confirmation: $8 to $10 range
Let's discuss in the comments below! What are your thoughts on SPCE's potential accumulation phase and breakout scenario? Share your insights!
Tecnicalanalysis
EURJPY - Do We Have A Reversal Setting Up?Analysis:
Bearish Confluences
Price has failed to push higher multiple times
Price is forming lower lows
We're retesting a strong area of resistance that's been tested multiple times before
Downwards trendline touch
Bearish pennant pattered forming
Broadening descending channel forming
11k long position decrease for the EUR
2k short position decrease for the JPY
Bullish Confluences
EUR is the strongest major currency whereas the JPY is the weakest major currency
5k short position decrease for the EUR
4k long position decrease the JPY
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
GBPJPY - Are We About To See A Reversal?Analysis:
Bearish Confluences
Price failed to push higher showing signs of a reversal
Retest of a key level
Upwards channel formed (bearish chart pattern)
Longer term over extended bullish push (retracement needed)
13k long position decrease for the GBP
2k short position decrease for the JPY
Bullish Confluences
GBP is the 2nd strongest major currency whereas the JPY is the 8th strongest major currency
4k short position decrease for the GBP
4k long position decrease for the JPY
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
USOIL Massive Long! BUY!
My dear friends,
Please, find my technical outlook for USOIL below:
The market is trading on 83.15 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 87.02
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EUR/CHF The Target Is UP! BUY!
My dear subscribers ,
This is my opinion on the EUR/CHF next move:
The asset is approaching an important pivot point 0.96332
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.96714
Safe Stop Loss - 0.96130
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
SPX500USD Set To Grow! BUY!
My dear subscribers ,
SPX500USD looks like it will make a good move, and here are the details:
The instrument tests an important psychological level 4483.2
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 4508.2
My Stop Loss - 4469.3
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
USD/CAD Trading Opportunity! BUY!
My dear friends ,
My technical analysis for USD/CAD is below:
The market is trading on 1.34030 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 1.34660
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Possible bearish correction | USDCHF USDCHF on the daily time frame is still bearish ,after taking the liquidity around 0.87924 level mixed with bearish engulfing pattern and momentum candles, expecting a potential bearish move to the downside for a liquidity grab at 0.86624 ,0.87007 or 0.87175 price value
GOLD Buyers In Panic! SELL!
My dear subscribers ,
Please, find my technical outlook for GOLD below:
The asset is approaching an important pivot point 1916.13
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Target -1900.95
My Stop Loss - 1924.90
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
USD/CHF A Fall Expected! SELL!
My dear friends ,
I analysed this chart on USD/CHF, and concluded the following:
The instrument tests an important psychological level 0.87679
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Goal - 0.87103
Recommended Stop Loss - 0.88000
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
DXY The Target Is UP! BUY!
My dear subscribers ,
DXY looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 102.470
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Target - 103.131
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
CAD/CHF Will Explode! BUY!
My dear friends ,
This is my opinion on the CAD/CHF next move:
The market is trading on 0.65199 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 0.65400
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
ETHUSD IdeaIn the context of the ETHUSD pair, notable confluences have emerged, with a volume node and the attainment of a volume-based channel high. In response to this, a decision has been made to engage in scalping strategies to capitalize on the prevailing conditions.
The ensuing trajectory is under observation to ascertain whether prices will descend to the main range discount, thereby potentially revealing further market dynamics. The current stance aligns with a methodical approach to trading, emphasizing responsiveness to evolving market movements.
Dude, in the world of trading, being able to read the waves and adjust to the vibe is like, top priority. It's all about building that foundation of knowledge so you can make those smart calls, you know? And when you're in sync with the market's rhythm, that's when you're set up for some seriously sweet outcomes. So, remember, stay flexible, ride those waves, and keep your sights on those winning moments! 🌊🏄♂️📈
USD/JPY Massive Short! SELL!
My dear subscribers ,
I analysed this chart on USD/JPY, and concluded the following:
The asset is approaching an important pivot point 143.130
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 141.499
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EUR/USD Technical Analysis! SELL!
My dear friends ,
EUR/USD looks like it will make a good move, and here are the details:
The market is trading on 1.09455 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.08763
Recommended Stop Loss - 1.09838
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
US500 Buyers In Panic! SELL!
My dear subscribers ,
This is my opinion on the US500 next move:
The price is coiling around a solid key level - 4467.9
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Goal - 4441.2
My Stop Loss - 4483.2
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
NAS100 - Can We Go Higher?Analysis:
Bullish Confluences
Very strong upwards trend
Retest of a key support level
Upwards trendline touch
6K long position decrease for the USD
Bearish Confluences
1K short position decrease for the USD
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
EUR/CAD The Target Is DOWN! SELL!
My dear friends ,
My technical analysis for EUR/CAD is below:
The market is trading on 1.47505 pivot level.
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Target - 1.47068
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Banknifty Intraday Levels 08/08/2023There is no momentum in the market right now, so if you see the market moving in a Channel, trendline or support resistance in a range bound market, take your trade based on that or avoid the market .If the market consolidates 15-20 min and closes the 15 min candle above 44900
BUY ABOVE 44900
TARGET-1 45040
TARGET-2 45120
TARGET-3 45250
45040 is a good resistance zone, if it breaks then there can be good momentum in the market, otherwise there will be a fall back from here and 44500 will act as support.
SELL BELOW 44750
TARGET-1 44600
TARGET-2 44500
TARGET-3 44445
TARGET-4 44315
TOTAL2 Hi Folks,
What is TOTAL2?
🔺For our new members:
--Total: It is the data that shows the total value of the entire cryptocurrency market.
--Total2: It is the data that shows the total value of all altcoins (excluding Bitcoin).
🔺Our Total2 data reached a record high of $1.70 trillion during the previous rally, followed by a sell-off wave that led to a drop to a local low of $435 billion.
🔺During this period, we witnessed many altcoins being delisted from the market or experiencing drpos of up to 90% in value, which was quite painful to watch.
🔺Technically speaking, we can say that this data set, which broke the downtrend, exhibited a consolidation performance in the first half of 2023.
🔺While tracking TOTAL2, we should not forget about stablecoins. It would be overly optimistic to say that the money exiting Bitcoin will flow into altcoins because we are currently not in a "bull rally" phase. The money leaving Bitcoin can also enter stablecoins.
🔺In the previous paragraph, I want to convey the following: It is now overly optimistic to say that if BTC.D (Bitcoin dominance) decreases, altcoins will rise. The money leaving Bitcoin may enter stablecoins, which could cause an increase in the TOTAL2 data, but it does not necessarily mean that altcoins will increase.
Things to Know Before Investing
🔺In the second part of this article, we will discuss what needs to be known before making investments.
🔺First and foremost, we are currently in a consolidation zone from a technical standpoint, as you can see on the chart. The decisions of the Federal Reserve (Fed) will directly affect this consolidation process. Especially on the day this article was written, there is an 80% probability of a 0.25 basis point interest rate hike at the next Fed meeting.
🔺Even if the Fed ends the interest rate hike process, experts predict that interest rates will remain high until 2024, and 10-year bond yields are already above 3.50%. While interest rates are at such high levels, it is still too early to expect a significant bull season for risk assets.
🔺As if the Fed alone is not enough trouble, we also have the Securities and Exchange Commission (SEC) going after altcoins. In recent days, the SEC filed lawsuits against both Binance US and Coinbase. However, to understand these lawsuits most simply, it is necessary to look at the Ripple case, which has been fighting against the SEC for years. The outcome of this case is likely to set a precedent.
🔺There is one important thing not to be forgotten: Even ETH was distributed/sold at very cheap prices to raise the necessary funds during its initial sale (approximately 16%). Unfortunately, this harsh reality exists for altcoins, and unreliable projects are prone to failure. Bitcoin, on the other hand, stands apart from altcoins as it never had an initial sale. We will address this topic again in another article.
Technical Data
🔺Altcoins haven't died; they are struggling to survive and providing buy-and-sell opportunities with high-profit margins to investors who use the right channels.
🔺Looking at TOTAL2, we can see that the downtrend was broken in January 2023, and it is consolidating and gathering strength before the next bull rally.
🔺$1.06 trillion is a critical pivot (fib 0.5). If there are closing prices above this level, we can say that the bull market has arrived. Otherwise, it will still present reasonable profit opportunities but will remain a reaction rally.
🔺Additionally, during the 2017-2018 rally, there were around 1,000 (let's leave the exact number to those who remember) altcoins, whereas currently there are over 25,000 altcoins. Choosing the right altcoin is crucial when there is a significant amount of money in the market. The number of slices in the cake has increased at least 25 times.
🔺Currently, the TOTAL2 data is testing the "AlphaTrend Sell Zone" resistance at $540 billion. If there are no closing prices above this level, selling pressure could increase.
🔺While the MACD generates buy signals, the RSI is struggling to break the 50-point resistance on the daily chart. If the RSI can close above 50 points, we can anticipate an acceleration in the upward momentum; otherwise, we expect increased selling pressure.
Bonus Chart 1: BTC.D 1W
🔺Bitcoin dominance continues to increase. Closing prices above 50.15 points can push Bitcoin dominance up to 54 points, which is expected to hinder the strengthening of the TOTAL2 data.
Bonus Chart 2: BTC.D vs ETH.D (Last 1 Month)
🔺In the past month, we witnessed Bitcoin dominance surpassing Ethereum dominance. But why?
🔺In its simplest form, we can say that the applications for spot ETFs for Bitcoin have played a role in this.
Dear reader, if you have read this far, I'm sure you have enjoyed it. You can give me feedback by liking and commenting. And if you happen to click on the share button, you can share this knowledge with people in your circle and together we can become stronger.
GOLD Set To Grow! BUY!
My dear friends ,
I analysed this chart on GOLD, and concluded the following:
The price is coiling around a solid key level - 1934.70
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Goal - 1946.26
Safe Stop Loss - 1927.79
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZD/CAD Sellers In Panic! BUY!
My dear subscribers ,
NZD/CAD looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 0.81525
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.82132
Recommended Stop Loss - 0.81208
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK