SPX : Diamond top widening out ready to crack? Here is the trade and your odds: This pattern breaks down 69% of the time. 82% of the time when it and (if) it breaks down the downward move will be at least the same percentage move as the upward price move that led to the diamond top approx imately 21% .
This would translate into a dump right on or about the 50% fib retracement level at 3200 and change.
Also noteworthy is the confluence with previous gap support resistance just below the pre-pandemic high.
Stay short my friends. Journeyman
TOP
I am still Googling A Trend Following Setup!💻Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🗒 GOOGL has been overall bearish from a medium-term perspective trading inside our red channel. However, it is currently approaching the lower blue trendline acting as a non-horizontal support.
Moreover, the zone 70.0 - 77.0 is a strong support and demand zone .
📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand zone , lower trendline in blue acting as support, and lower trendline in red acting as an oversold area. What I call a TRIO retest!
📉 As per my trading style:
As GOOGL approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Head & Shoulders Top Completed, USO/SPXAccording to TA rules, the ratio has completed the pattern with a Complex Right Shoulder (two peaks).
Those these means that the SP:SPX should breakout from that downward trendline? I don't know, but probably.
Or those it means that energy stocks should finally follow oil prices? Maybe, it is what normally had happend.
What I'm seeing is more stocks going up, even though some breakouts aren't working as smooth as it should.
Nontheless, I just follow price.
This ratio is just another indicator, let's wait and see what happens.
BTC Wall Street Cheat Sheet - Completely for funI'm a Bitcoin bull but I decided to take a look at the bear side and see if I could apply the Wall Street Cheat sheet to Bitcoin.
It's hard to fit it but if the bears want to make the case that the top is in, this is one extreme scenario. It won't be popular.
Do not get excited or mad at the chart. I put it together in a short amount of time as a fun chart.
Wheat Has Topped, But Corrective Recovery Can Be NearWheat has topped, but corrective recovery can be near, as we see it finishing a five-wave cycle from the highs.
Wheat has been in a massive rally at the beginning of 2022 due to war in Ukraine, but now that stocks are trying to stabilize in the second part of 2022, we can see commodities slowing down within deeper corrections.
Wheat has five waves down from the highs into first leg A, now unfolding and finishing wave "5" of A that can stop around 700 - 600 area. So, top is in place temporarily, but corrective pullback in wave B may occur at the beginning of 2023, which can retest the 950 – 1000 resistance area before we will later see more weakness within wave C.
All the best!
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EXACTLY ON BTC !!!!! Hello, everybody! If you like the concept, don't forget to like and follow it.
It's exactly what I thought would happen to BTC, but I think the DXY Index could make BTC fall again.On the DXY index, I will attempt to publish a brief chat soon.
Please show your support for me by liking and following my ideas.
Also, let us know what you think in the comment section.
Bitcoin Top sell strategy BTC price chart analysis on the Daily time frame (Heikin-Ashi candles, wicks removed, log setting).
My sell strategy using the PI cycle indicator (first developed by Philip Swift - credit: LookintoBitcoin.com).
-I would buy and hold earlier, watching the price rise throughout BTC bull market using my trend analysis strategy
-I would observe the PI indicator in concert with the price rise
-Once PI indictor MAs cross I would observe the SAR dot colors
-I would sell after the first red SAR dot shows on my chart, after the PI MAs cross
I could also add other indicators such as custom buy sell signals and or MACD , Stochastic , RSI , to assist my decision.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!
SOFI: Target Hit + Top nailed! What's next?• Since our last analysis, SOFI corrected to our targets, being the first at $5.70, and the second at the 21 ema (link to my previous analysis below this post, as usual);
• Now SOFI is correcting along with the indices, therefore, this is a systemic correction;
• We see a bullish reaction at the 21 ema, however, it is too soon to tell if it is a meaningful bottom sign or not;
• Either way, if it loses today’s low, I see SOFI correcting more, probably below $5;
• It all depends on how it’ll react today. I'll keep you guys updated on this.
Remember to follow me to keep in touch with my analyses!
Chainlink has between January-March 2023 to make a decision Chainlinks capitulation since it's possible bottom just above $5 has been trying to fight through resistance above the $10 area. Anticipate more of the same unless new news on any further innovations that can be made to boost its value. Chainlink has made headlines but due to current social media hype and media manipulation of what is in store for crypto as a whole, greatly effects and always will effect the current market. Look for a retest to $9.75 area and watch ur bottoms as this could be yet another sign of a bear winter. Look out for a long green candle around $8.90 and a false break above $10. Set you stop loss at $9.25. Just my opinions and not advise by anymeans. Do ur own research. Good luck and happy trading!!!
NEXT BULL RUN 🚀 ( bitcoin and Altcoin) BITCOIN LONG TERM :
We finally got breakout
Sometimes to stand again
we must fall
and We have already fallen
So.......it's time to go up
Bitcoin gave many opportunities to get rich
Going back to history, the first opportunity was at $2,500 in 2017
The second chance was in 2019 when the price of Bitcoin fell $ 3000
And the opportunity now will be at $ 17500-21000
Get ready for 90000 dollars
It will be a really fast and powerful rise!
Bitcoin – I made a huge mistake…Hello, everyone!
Today I found that I made a mistake with the potential bottom forecast for the Bitcoin. I told you that $15-17k is sufficient drop to form the bottom, but the waves structure shows me that it could be lower.
Let’s take a look at the 1D timeframe of the BTCUSDT chart of the WhiteBit exchange. In trading chaos approach said that the waves number 3 usually reach the 1.61 Fibonacci extension level. We have already seen it in the wave 3 of the bear market.
Now the market is forming the wave 5 and waves 1 and 2 have been already ended. 1.61 Fibonacci level is located at $12500. I anticipate local pump to $20800, there I am going to close almost all my positions because I am sure that after that we are going to see the huge crash without any bounce to $12500. After that the local accumulation (waves 4 and 5) are anticipated and there will be the guaranteed bottom. Bull market will start next year. Sorry for my previous mistaken analysis, I was wrong only with the target and now it’s too early to buy even 33% of deposit.
Best regards, Ivan
Aptos (APT) – when to buy this hype train?Hello, everyone!
Today it’s time of the most hype altcoin of last couple of days. After listing on Binance this asset is in uptrend. Now it could be very profitable decision to catch the pullback to earn in the new upside impulse.
The only timeframe which we can use is 4h or less because of lack of data. Trading on this token can be only short term, it’s impossible to measure the long term target – it could be 50$, 60$ or even $200. It does not matter, our purpose is to catch the local bottom.
I want you to look at my own developed indicator Profitunity-beginner. It accumulates all knowledges from the first level of Trading Chaos approach by Bill Williams. Look at the strong long signal at the very bottom, after that we saw the incredible bullish rally. Two strong short signals flashed at the very top is the sign of possible correction. Limit orders we can set at the 0.38, 0.5, 0.61 Fibonacci levels for the last upside impulse.
Best regards, Ivan
________________________
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Gold h4 buy zone 1620 to 1616Buy Zone 1620 1616
GOLD is trading in the descending channel .
It broke and closed below the range zone following a Bullish move.
If the resistance level rejects resistance, then we can look for Buying opportunities.
We expect further consolidation until a new trend is confirmed
DXY finally BEARISH?? Relief for crypto and stocks??So the DXY has been parabolic in recent months showing no weakness at any point, annihilating all other assets, until now?
Simple point of view:
- The DXY has not made a lower high on the daily timeframe since the start of its bull run around 2 YEARS AGO and it is currently working on one.
- To confirm this lower high it would have to break the support line marked 1 and break 110 to make a lower low.
- After that, we would look for a test of the 2 trendline with a break suggesting a test of the 3rd.
My point of view is that we will stall for a few weeks coming down to the 2nd trendline and possibly the 3rd. But in the long run, the DXY is still looking to go to around 120 at the least so if trading against it one should be very cautious.
I will update with a long trade on the GBP and EURUSD pairs should the DXY look weaker.
Do you get a feel what market we're in now by a quick look?One of the key things for EMAflow is providing big picture analytical tools they are uniquely designed and highly visual its not about the numbers most of the time - its all about the vibe and feel - heatmap feature will produce nicely glowing colors depending the state of the candle which when zoomed out creates a glowing vibe what type of candles dominate.
Blue are extreme moves - topping , bottoming or in the middle of extreme price rally and they are to be read with emaflow bands as they add the full picture.
Green is a sign of a upside - but be careful it usually appears as the price starts to stall... so if the green glowing are not moving uppish - and are more horisontal this could also mean that where it glows is the support which if broken beraks the current trend.
Red marks a sign of the downside - again if horisontal it marks a key resistance that if broken likely changes the narrative. Red glowing while moving down is a bear market - but pay attention on the large green arrows up as they are the bottom signals which are worth evaluating as r:r is substantial.
Other icons also play a role and help add to the whole picture:
Small green arrows up - appear when its buy the dip time - the trend is strong and this is where you can add to the position as long as it appears above the support lines.
Large red arrow down - these appear when blue glowing candle becomes even moer extreme and could potentially signal a top - but be careful if emaflow bands highly bullish its more of a take profit move stoploss reminder instead of selling or opening short.
Red arrow down can also signal that a dip is coming.. check historically how it is and how things are postiioned best.
Transparent arrows red and green - signal bullish and bearish divergence - they only appear as divergence is confimed so the next candle but while it may look late many times its just a sign what will come in the next few candles - top blue glowing pattern after a red transparent arrow down could be stronger sign of a potential retest - also if strong trend - you can count 2-4 of these in combo before you utake action you can also take these as reminder to move sl and so on.
There are few more combos that are useful here but lets leave it secret for now - if you'd like to get your trading upgraded with the slickest combo of uniquely created indicators called EMAflow - please check the link in signature .
Best regards!
DXY topping, 3D shooting starDXY is going to top, the parabola on the DXY is comparable with meme stocks, unbelievable, they really did something wrong with the dollar, good luck for the American middle class, Dollars of tomorrow will be like the euros of today, a hot potato...
my playbook for the end of the year:
Short DXY
long SPX500