US30 BUY IDEAHello everyone,
Today I'm really gonna go in depth on my explanation for my BIAS for this trade set up I have an eye on and I am waiting for. The main Idea being, Last week's High was created on Tuesday around level 35500 where I have the left hand side chart showing the Right shoulder reaching up to that light blue box -- Tuesday's Old High (March 29th).
We can also see that Thursday we create sellside liquidity (W), that gets taken by 150+ pips on Friday (during NY session) before the rally that takes buyside liquidity and creates a BOS.
Once that burst happens and takes Buyside liquidity -- we are left with a FVG which is basically just an imbalance in the market (we can see it is a massively large blue candle) meaning it resided only with bullish buyers -- no sells took place during that period in time. So we can then come to expect price to come down in order to fill in that area on imbalance.
I then took my fib to see if it was hitting any ideal level of discount -- which it is the 0.705 -- could come lower into the 0.786 which im allowing my SL to give me room for that. I am also using that consolidation zone that was created during wed-thurs session which was raided friday during new york to serve as a support for my buy bias. Expecting that FVG + Supoort level and my Buy idea that It wants to go for Tuesday's Highs.
I will update my bias as it goes --
Tradesetup
MT: WATCH FOR BREAK OUTArcelorMittal, one of the major steel producers.
This is the weekly chart. After a big double bottom , MT is back at historical resistance around 30-31.
I would watch that level and enter a long swing trade if it breaks 31.
First target would be 40.
Most analysts rate this as a buy with a target at 50.
Trade safe.
CARDANO BREAKOUT! DAILY CHART ANALYSISHey everyone
Today i show you my Cardano Daily Chart Analysis.
ADA broke out of the big downtrend a while ago and still holds above the most important support area which is 1.035$ - 0.98$.
Can you trade this?
- Yes. You can long ADA from 1.035-0.98 with a stop loss at around 0.95
What are the important areas/targets?
- All areas and long targets are given on chart.
I hope you guys like my idea
#ES Futures 3.14.22 Overview and Levels to Watch Globex inventory built up between our 4220-4214.75 and 4234.75-4229.25 levels and when we failed to extend and hold this morning we started selling out. We are under our Key level and question today is will we see more downside or will we get back over and test our upper levels. On the downside holding below our Key Level 4220-4214.75 is a sign of weakness and leaves the door open for a test of 4191-4185.50, 4168.4162.25 and next Key Support at 4143.75-4137.50 if that gets taken out look for 4123.75-4119.25, 4103.25-4099.75 and next Key Support at 4084.50-4077.25. On the upside if we get back over 4220-4214.75 we can see a test of PM resistance at 4234.75-4229.25 if we can take that out then we should see 4252.50-4247.50 and next Key Resistance at 4272-4265.50. We do have a lot of inventory over 4220 so it should be a challenge to get back over there unless we run out of supply.
BTCUSDT: big bullish impulse aheadHello TradingView community and my subscribers, please if you like ideas do not forget to support it with your likes and comments, thank you so much and we will start.
Idea:
ABC (2nd wave) on the grand level is mostly finished
The 3rd bullish (impulse) wave should start soon and will reach be at least the same size as the 1st grand wave
We see that now the price chart is in the ascending triangle and we assume that the 3rd wave will start after the triangle break out
We also see EMAs close to each other and in the bullish order (shorter above longer EMAs) and this is a signal that the price will make an impulse soon and now we are in the accumulation phase.
Opinion:
When the 3rd wave will start better to make long positions with altcoins, as they are more volatile and will deliver more profits. But it is not trading advice, just our opinion.
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XPRUSDT: long up to 0.916, good opportunityWe see that accumulation is finished and the inner triangle pattern is broken up. Now we expect the price to reach a resistance level, which at the moment may be also resistant of the bigger triangle pattern (please, check the link to the related idea ). This will be our T1 (0.9165).
Link to the related idea:
ON RSI we have only one touch of the upper level of 70%. And now we expect the second movement to reach really overbought conditions in the market. For reference, you can check the previous RSI peaks and compare them with the price chart.
On candles, we see long bottom wicks, which indicates support and bulls strength and willingness to push prices up.
NOTE FROM THE TEAM: We are from Ukraine and we support Ukraine and democracy. We are against war and terrorism in our world.
SUPPORT: Hope you like our ideas and will subscribe to our profile here to support us and to get notified about our new ideas. Have a nice day and talk to you soon!
#ES Futures 3.11.22 Thesis with Levels to Watch.In Globex we took out our Key upside level of 4272-4265.50 and took us to our next Key level where we found sellers at 4327.25-4321.50. Right now the inventory is holding in the middle of that value and waiting for next move. We have single prints below our 4291.50-4285.75 level which means = buyers, can give us another test of 4310-4307.25m 4327.25-4321.50 which would be our Key Resistance for today in order to see any continuation, if we break that then we have 4349.50-4345.25, 4362.75-4359.50 and next Key Resistance at 4378.50-4374.75. On the downside if we break under our current support we have Key Support at 4272-4265.50 which needs to be broke to see a downside move playout, our downside levels are 4252.50-4247.50, 4234.75-4229.25 and next Key Support at 4220-4214.75.