Mid Term Wick HuntPos Entry Reasons:
Three top high
Market Structure Breaked
New LH's is coming
My Afraids:
HL didn't come yet
Pair in range
Thoughts
Declines Buying OpportunityPos Entry Reasons:
Market looking non stop upside.
Setup at the fib's ote.
Mid term pos.
First tp, my master tp.
My Afraids:
I'm in a lot of pos.
I couldn't like but price can do it.
Mid Term SwingPos . Entire Reasons:
I saw whale sale %20.
Price higher than demand area.
My first tp have a pieced gap.
I think here is new HL.
My Afraids:
I didn't setup.
That up movement can be deviation of downside range's.
BTCUSD Entered DownswingI haven't been seeing much thought over this recent BTC movement has resulted in a downswing.
The BTC bullish movement over the past few months from $30k up to $50k was a complete upswing on the daily chart. Even after the 20% correction a couple days ago, BTC remained in an upswing.
Only after another daily candle from that 20% bar was a downswing confirmed, and it has maintained it's downswing since.
Just something to note.
DISCLAIMER : This is not trading advice. Always do your own analysis before entering into any trading positions.
Happy Trading,
Oz
SLP - Risky - Not the best logic, but it is SLP
(0.1703 - 0.169) Key points based on a previous bull run
0.18758< Long Take Proft
0.1666 < Stop Loss
I have reviewed it at 4hr but simplified it to a 30-minute chart.
I think a larger stop limit would need to be in place to allow for the full potential take profit.
Rebounding well from oversold indicators.
Could - potentially signal a swing and a cheap entry.
50/50 Personally I have entered but kept my SL AND TP at 1:2
Just a bloke putting some lines on a chart - Take it or leave it based on your own TA :)
Best of luck :)
XAUUSD is going to up for short time.Like my idea if you agree with me or other reasons...
It is based on my strategy that shows it is going to up because of Resistance and Support levels with chart pattern and indicator analysis which are EMA and Bollinger Bands.
BEARISH USDCADLike if you areee with me or other reasons...
This is strong bearish based on my strategy.
Possible pattern in the overall marketThis is purely hypothetical. It appears a pattern has formed in terms of periods of heavy growth and periods of stalling growth. I was able to chart all 3 majors indices in aggregate thanks to @boji1 's post:
What do you all think? Do you think the market will be choppy all year or do you think this apparent pattern will continue and we have another leg higher?
Based on the last two cycles, the average return was 11.9% from the start of the growth period to the next rest period. Could see a 12% bounce back in the next 2 months.
AMC disgusting cup and handle? Before I say anything, let me give an advance statement by saying that I am relatively inexperienced in the market. Although, I eat sleep and breathe consuming information and knowledge about the stock market. So please, give me some experienced knowledge about this if you can.
Now, on to the subject. I just discovered the filthiest looking cup and handle formation I have ever seen(in my inexperience) on AMC ranging all the way through the month of February. As I understand it, this is a pretty bullish sign. Does anybody with experience have any insight as to whether or not this could just be a fluke or if this really is what I think it is? Is this a strong sign of bullish momentum? If so, would it be short,mid, or long term momentum that is being indicated by this formation.
Note, I am invested extremely minimally in this stock. I am not here to give investment advice, rather I am here to hopefully get some insight.
ADA'S futureI'm not a financial advisor, none of the following is financial advise.
New to crypto, so please feel free to enlighten me. What digging I've done in recent weeks points to ADA doing well in the coming months and years. Presuming crypto is not a winner take all space, as cardano's founder recently argued in a YouTube video, there lay numerous potential synergies between polkadot, avalanche, and cardano for solving problems and managing processes. What are your thoughts on that? How realistic is that scenario?
Days Looking Greener BULLISH 80% Outlook
With my bearish outlook now mostly invalidated (hopefully no Black Swan Event to ignite an M formation on the Weekly), I'm looking to the next potential moves to come for our lord and savior with price projections based around levels of support, potential gartley patterns, Fibonacci and extensions. Price zones are only estimations, but I'm more so looking for the movement shape.
After a nice Elliott wave move to a new peak at 41k I'm looking to complete it's ABCD pullback with a bullish gartley beginning to form. First leg of the ABCD I see a retest of between 37.1 and 36.6 to complete B. Once bear strength fizzles and daily RSI balances out we could then see a small rally in an attempt to make a break passed a quicksand zone between 38.7-39.5 to complete move C.
Potential head and shoulders to form here and bring us back down to between roughly 36.3 and 35.5 by around February 13-16 to complete move D. This would complete the bearish gartley while staying within it's properties.
From here I anticipate the next leg up. My current projection for price is a gunshot to 50k, as this not only lines up with the 2.618 Fib extension of our most recent correction low, but also the 1.618 Fib ext. of the overall BTC correction in general. For me that's the next area before any significant slow in momentum.
We will, however, have checkpoints along the way. I see potential still to experience minor pushback as we approach a retest of previous ATH's, but after that the 1.618 fib ext of our most recent pullback suggests our first checkpoint coincidentally around my lucky number at around 44.4k.
BEARISH: 20% Outlook
In the event of a confirmed M/Double top, I see three possibilities in price before we inevitably break ATH's and continue the climb:
Most likely: 34.4K
Less likely: 33.1K
Least Likely: 30.2K
A Hunch And A Pretty Picture Show OMU Headed For 18.50When looking at OMU using the 15min, 4H and 1D charts you can tell that when it broke its resistance it meant business. Tradingview has many analysis that carefully point this out. We want to look at the W chart. Yup! The chart where one candle is an entire week. That one!
Since we are all about grand perspective, we'll be following this over time and using it as an opportunity to learn about how financial services companies (who may argue, are refusing to move with the times and honour the new rules of their markets) will fair in this new world.
This chart illustrates an inverted head-and-shoulders:
showing entry above 13.00,
a stop loss level around 11.25 and
a possible take profit at 16.50.
But for the purposes of this watching exercise we are more interested in the ledge created between late January 2020 and mid February 2020 of 17.99. We believe OMU will continue to rise, it will beat those ledge levels and kiss 18.50 - possibly riding those level for a while before falling again.
SPY On Life Support Or On The Verge To Blow?I think we can all agree the market seems to have just been crushing this past year, with TONS of money being injected in and specific large companies doing great throughout the pandemic...but when does this slow down?
The WallSteetsBet thing has some positives and negatives in my opinion....I am 28 so I feel like I am a middle child between two generation and have a good reasoning with both the older and younger generations. With that being said, WSB brought in TONS of new retail investors from the younger generation that Robinhood and Webull type platforms hadn't brought in yet.....dumping all their money in not only the "MEME" stocks but across all their favorite sectors....whilst the older generations that still watch the mainstream media see the market as a scam and their fear of "the kids trying to crash the market" has set in and they are pulling 401k and long term investments to get things like gold and silver....or just to hold cash.
Now back to this surge of new retail investors that came into the market, lets all be real here....the hedge funds are here to make money and they see this....my PERSONAL OPINION is that they let these kids get in, run some of these sectors up one last time(after that nice pullback/buying opportunity last week) make them feel good about their "investments" and then they pull the rug as many of these companies have had such great run ups since March....it seems like it would be great time to get some nice money off the top.
You can see the bearish divergence as well as the sell zones I have created in my attached 1 hour chart. If you pull up spy and look at the last couple double tops, like the one we are seeing here, it is usually followed by a decent size correction....but we shall see.
With all this in mind, I am only 6 months into trading and will be the first to admit I don't know the macros and behind the scenes like many others on here might....so please comment your thoughts and opinions so we can all learn!
GBPCAD - YOUR THOUGHTSYour thoughts on this pair. Comments, contributions and suggestions are welcome.
We need to talk to whoever is praying for NED...NED remains stubborn in its refusal to cross below 12069, leaving us wondering if we can get the contact details of the praying granmother that is holding this shareprice up. What do you think?
Is MRF trying to move back to its neighbourhood's penthouse?Like a lot of the market, MRF took some hits but lately it has been inching up. Is the market looking to help it back to its former glory around 95?
We'll be watching this one if not for anything other than learning about this "new market normal".
GBPUSD thoughts? Time frame confluence, all time frames are indicating an uptrend, currently waiting for price action.
- Waiting for price to break the pink zone, and trend line for a sell.
- OR waiting for price action to keep proceeding to the upside.
- Price might be exhausted, from going to the upside but as well as heading down.
- Price is in a range-type market.
- Publishing because it is a clear and obvious chart for me and would like to keep up with the pair.
If you have any thoughts or ideas or comments let me know! I would love to hear it, and collaborate.
BULLISH EURJPYI am not tradin these days I am at vacation times but I never stop learning from it.
It looks this currencies are going to bullish about 60 pips.
Like my idea if you agree with me or other reasons...
Leave a comment.
daily xaumade a few mistakes entering a trade straight from waking up, but think itll come back down from the 1790s, possibly to even 1758, if not today some point this week potentially. let me know what you think.
