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Nasdaq - We still have to be careful!TVC:NDQ is still retesting resistance after we just saw an expected rally of +75%. More than a decade ago, the Nasdaq entered one of the most profitable and easy to trade patterns: a rising channel formation. In the beginning of 2023 the Nasdaq once again retested the lower support trendline in confluence with a retest of horizontal support and continued its bullrun from there. But currently resistance is ahead so we have to be quite careful and properly monitor price action on the smaller timeframes. Levels to watch: $19.000, $16.000 Keep your long term vision, Philip - BasicTrading
TVC:NDQShort
by basictradingtv
2
S&P500 - Where will we go next?Hello Traders and Investors, today I will take a look at the S&P500 . -------- Explanation of my video analysis: Fore more than a decade, the S&P500 has been trading in a pretty clean rising channel formation. We had the last retest of support in 2022, which was followed by bullish confirmation and a rally of +45% in 1.5 years. At the moment the S&P500 is neither retesting support nor resistance and the path of least resistance is simply higher. -------- Keep your long term vision, Philip (BasicTrading)
TVC:SPXLong
by basictradingtv
4
Attention price range before FOMCGold dropped from peak to 2,340 USD before Fed information After CPI rose to a three-day high past the $2,340/troy ounce mark, gold prices now appear to have digested that initial move and returned some gains amid a weaker dollar and Yields fell ahead of the FOMC event later in the session. The 2340 level is unlikely to hold before the FOMC. The 2352 resistance zone will be better for you if you want to SELL gold. Today it is predicted that the FOMC will continue to support the dollar, so the possibility of gold falling will be very high. Scalp support may be around the old bottom of 2390
OANDA:XAUUSD
by TVS-Trader
AMD - Trading opportunity is almost there!Hello Traders and Investors, today I will take a look at AMD . -------- Explanation of my video analysis: The stock chart of Advanced Micro Devices (AMD) is looking quite interesting at the moment: A couple of months ago AMD broke out of a major symmetrical triangle formation, creating another rally of roughly +100%. But at the moment AMD also already corrected roughly -40% and is approaching a major confluence of support at the $125 level from which we could see another bullish reversal and rally. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMDLong
by basictradingtv
4
Alibaba - Back to bearish (not)?Hello Traders and Investors, today I will take a look at Alibaba . -------- Explanation of my video analysis: After Alibaba broke below the major support trendline in 2021 we saw a massive correction of -75% towards the downside. Alibaba was then retesting another major level, this time a previous support area which is at $60. So far Alibaba stock is still respecting the bearish trendline, but it is just a matter of time until we will see a bullish trading opportunity on this stock. -------- Keep your long term vision, Philip (BasicTrading)
NYSE:BABALong
by basictradingtv
9
Live from the crypto cave TeddyTrader! 🖥️ My setup: tracking market moves 24/7. Here’s how it works: 📊 ⬛️ Left Screen: Real-time order flow from a combined chart of three major exchanges to catch big capital moves and clusters of Bid/Ask orders. ⬛️ Center Screen: In-depth on-chain and social analytics to gauge sentiment, activity, and key market behaviors. ⬛️ Right Screen: Advanced charting tools for detailed technical analysis, using specialized indicators and candlestick models to forecast price direction. 🔑 The secret to a reliable price direction analysis at 65% accuracy lies in these tools. Sorry for the photo skills, I’m better at trading! 🤣 Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. ➖ DYOR 🧠 💡
COINBASE:BTCUSD
by TeddyVizion
Amazon - Two trading setups!Hello Traders and Investors, today I will take a look at Amazon. -------- Explanation of my video analysis: In 2020 Amazon stock created massive resistance roughly at the $180 level and started a major correction away from the resistance in 2022. As we are speaking Amazon stock is once again retesting this major resistance level and is therefore at a quite decisive inflection point. Either we will see a breakout or another rejection after which we could then see the overall continuation towards the upside. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMZN
by basictradingtv
5
Foreign exchange trading skills worth collecting (Part 2) Continuing from the previous article; 25. Observe the magnitude of market changes: When the market falls (rises) with the same small amount every day, it may be a signal of a rebound (fall). 26. The dense area is likely to form a support belt or pressure belt: The dense area can be regarded as an obstacle to slow down the market price fluctuations. Once the trading range is broken, the price will make progress. Generally speaking, the longer the trading range lasts, the greater the price movement after the breakout. 27. Significant price rises and falls are often accompanied by key reversals: When the price hits a new high on high trading volume, then falls and closes lower than the previous day, it is usually a reversal phenomenon in the uptrend. The reversal in the downtrend is that the price first goes down, then rebounds strongly on the same day, and finally closes at a higher closing price than the previous day. 28. Pay attention to the head and shoulders pattern: When a head and shoulders pattern is formed on the price chart, it is usually a signal of a big rise. The appearance of the head and shoulders will not be clear until the second shoulder rebounds or pulls back to the level. 29. Pay attention to the highest point of "M" and the lowest point of "W": When the market trend forms a large M on the price chart, it suggests that you can sell. When it forms a W, it suggests that the price will rise. 30. Buy and sell at three highs and three lows: When the market climbs to a peak for the second or third time, it is a bearish signal; otherwise, it is a bullish signal. 31. Observe changes in trading volume: When trading volume rises with price, it is a buy signal. When trading volume increases and prices fall, it is a sell signal, but when trading volume decreases, no matter how the price moves, it is a wait-and-see or expecting a reversal signal. 32. The amount of open contracts can also provide intelligence: If open contracts increase when prices rise, it is a buy signal, especially when trading volume increases at the same time. Conversely, if open contracts increase when prices fall and trading volume is large, it provides sell information. 33. Pay attention to the fact that things will turn around when they reach their extremes, and good times will come after bad times: when a rising trend is very strong, pay attention to the implicit downward trend and pay attention to negative factors at any time; when a falling trend is very weak, pay attention to the implicit recovery information, pay more attention to positive news, and beware of market reversals. 34. Carefully judge the news effect: first, judge the authenticity of the news; second, understand the timeliness of the news; third, analyze the importance of the news; and finally, study the indicative nature of the news. 35. Retire before the delivery period: Commodity prices will have relatively large fluctuations in the delivery month. Commodity trading novices should move to other commodities before this to avoid this additional risk. The potential profits during the delivery period should be sought by experienced spot market traders. 36. Buy and sell when the market breaks through the opening price: This is a good hint of price trends, especially after a major news report. A breakthrough in the opening price may indicate the trend of trading that day or in the next few days. If the market breaks through the upper limit of the opening price, buy; if the breakthrough point is at the lower limit of the opening price, sell. 37. Buy and sell at the previous day's closing price breakthrough point: Many successful traders use this rule to decide when to establish new contracts or increase contracts. It means buying only when the transaction price is higher than the previous day's closing price; or selling when the transaction price is lower than the previous day's closing price. 38. Buy and sell at the previous week's high and low price breakthrough points: This rule is similar to the daily rule mentioned above, but his high and low prices are predicted based on the high point of the week. When the market breaks through the highest point of the week, it is a buy signal; when the market breaks through the lowest point of the week, it is a sell signal. 39. Buy and sell at the previous month's high and low price breakthrough points: The longer you observe, the more market momentum your decision will be based on. Therefore, the price breakthrough point of each month is a stronger hint of price trend, which is more important for futures commodity traders or hedge traders to make or break. 40. Establish pyramid trading: When you add contracts, do not add more contracts than the first one. This is a dangerous trading technique because as long as the market reverses slightly, all your profits will be wiped out. In the inverted pyramid trading, the average cost is close to the market price, which will hurt you. 41. Be careful with stop loss orders: The use of stop loss orders is a simple self-discipline; it can help you stop losses automatically. An important factor is: when you place an order, you must also set a stop loss point at the same time. If you don’t do this, you will lose more money and increase your losses in vain. 42. The retracement in a bull market is not the same as the bear market: conversely, the rebound in the bear market is not a bull market. Most investors like to short in a bull market and believe that it will definitely retrace, and vice versa. Change the rhythm and learn to buy in the retracement in the bull market and short in the rebound of the bear market. You will get more profits. 43. Buy and sell when the price is out of the track: Some successful traders use this rule most often. They buy and sell when prices are out of the norm or beyond general expectations. If ordinary buyers and sellers believe that market prices are rising, but in fact they are not, it is usually a good sell signal, especially after important information is released. Successful traders will wait for the general public to lean to one side, and then choose the time to buy and sell in the opposite direction. 44. The market will always fluctuate in a narrow range after violent fluctuations: when the market stabilizes after a sharp rise or a heavy fall, you must observe when the actual buying or selling begins to increase steadily, so that you can understand whether the market is ready to start, and take the opportunity to get on the train and wait to earn a wave of market. 45. When the bulls are rampant, the rise will slow down: if the market is filled with strong bullish arrogance, the price will not rise easily. Why is this so? When everyone is bullish and enters the market to do more, who can buy again and push the market up? Therefore, the price can only continue to rise after the people who originally did more can't stand the price softening and exit the market. 46. ​​Buy and sell at the breakout points of rising and falling wedges: Any trend has its own process of brewing, generation, and development. When recorded on a chart, it will take on a certain shape. Once a certain pattern is formed, it usually has a considerable enlightenment effect on the future market development. Although it is not absolute, it has a high probability and has its reference value. 47. Don't buy and sell multiple commodities at the same time: If you try to pay attention to the pulse of many markets, that is, if you want to grasp the news of several markets at the same time, you will hurt yourself. Few people can succeed in both the stock index and the grain market at the same time because they are affected by irrelevant factors. 48. Don't add to the losing commodities: No matter how confident you are, don't add contracts to the commodities that have already lost money. If you do that, it shows that you can no longer keep up with the market, but some traders disagree with this rule and prefer to believe in a price averaging technology. 49. In a bear market, put aside the statistical reports: In a bear market, you must be able to ignore all the statistical figures and focus on the market trend. You must understand that the figures to be published reflect the past, not the future. The figures to be published in the future are the results of the present and the near future. 50. The market can only give you so much, so don't hold unrealistic expectations: Some operators always hope to make every penny in the market; trying to squeeze the last drop of profit in the market, the time and energy spent are not worth it; a fish is divided into three parts: the head, the body, and the tail, and the largest part is the body; the operator only needs to find a way to eat the fish meat, and leave the head and tail for others to eat. I hope it helps you. The rest will be updated in new articles. If you need it, you can check it on the homepage after following it.
OANDA:XAUUSDEducation
by Signalking
XRP - 90% Probability trade!Hello Traders and Investors, today I will take a look at XRP. -------- Explanation of my video analysis: In 2017 XRP created a major triangle breakout and rallied more than +35.000% towards the upside. Since the beginning of 2018 XRP has once again been creating a triangle formation and is about to retest the lower support of the pattern which is perfectly lining up with a horizontal structure, creating a confluence of support at the $0.48 level. If we do get bullish confirmation, a bullish rejection is very likely to happen. -------- Keep your long term vision, Philip (BasicTrading)
BITSTAMP:XRPUSD
by basictradingtv
8
Binance Coin - Is the rally already over?Hello Traders and Investors, today I will take a look at Binance Coin . -------- Explanation of my video analysis: Binance Coin is currently clearly retesting a major resistance at the previous $700 level which was also the all time high of Binance Coin. Since we did not see a break above yet, there is simply a higher chance that we will see a (short term) move lower. If you are not in a position on BNB yet, you can potentially use this anticipated drop to enter a fresh trade. -------- Keep your long term vision, Philip (BasicTrading)
BINANCE:BNBUSDLong
by basictradingtv
3
Alibaba - Trading opportunity is finally there!Hello Traders and Investors, today I will take a look at Alibaba . -------- Explanation of my video analysis: Almost a decade ago Alibaba stock retested a strong support at the psychological $60 level and reversed significantly towards the upside. Just a couple of months ago Alibaba stock once again retested this support and created an anticipated reversal. If Alibaba stock actually manages to break above the current resistance trendline, we could maybe see a similar rally like we saw in 2015 and the following years. -------- Keep your long term vision, Philip (BasicTrading)
NYSE:BABALong
by basictradingtv
17
Ethereum - 20% Rally within a day!Hello Traders and Investors, today I will take a look at Ethereum . -------- Explanation of my video analysis: 6 years ago, Ethereum started creating a simple rising channel formation, similar to the one which we are seeing on Bitcoin. Furthermore Ethereum retested the previous all time high back in 2022, created bullish confirmation and a rally of + 250%. Considering that Ethereum is once again approaching the upper resistance level, I do eventually expect a bullish breakout followed by an even crazier rally. -------- Keep your long term vision, Philip (BasicTrading)
BITSTAMP:ETHUSDLong
by basictradingtv
5
How to Confirm an Elliott Wave Count.Hello fellow traders, today I would like to show you how to apply a Kennedy Channeling technique (by Jeffrey Kennedy) to identify and confirm Elliott waves with more confidence. 1. Base Channel:- Wave 3 identification When wave 2 is complete, connect the origin of wave 1 and the end of wave 2. Draw a parallel line along the top of wave 1. As long as price action stays within this channel, you can consider price action corrective, probably wave C of a Zigzag. In a bullish trend, prices ought to break above the upper boundary line of this channel for wave 3 count to be acceptable. 2. Acceleration Channel:-Wave 4 identification. Connect the extreme of wave 1 and the top of wave 3. Draw a parallel line starting at the bottom of wave 2. Only after prices break through the lower boundary line of the acceleration channel, could you be convinced that wave 3 is over and wave 4 is unfolding. 3. Final Channel:- Wave 5 identification Connect the end of waves 2 and 4. Draw a parallel line along the top of wave 3 to project wave 5 target. It is quite common for wave 5 to terminate upon reaching the upper trendline of the final channel. That's all for today. Trade wisely!
Education
by Aquanet_Market_Forecast
Gold prices retreated in accordance with market expectations💥 GOLD information World gold prices decreased with spot gold down 27.2 USD to 2,335.7 USD/ounce. Gold futures last traded at 2,342.2 USD/ounce, down 32.8 USD compared to yesterday morning. Short-term futures traders rushed to book profits after recent gains put pressure on the yellow metal in early trading of the week. Meanwhile, the market is still waiting for further data to know more about the interest rate direction of the US Federal Reserve (Fed). Currently, traders and investors are waiting for important US inflation data for April with the producer price index to be released on May 14 and the consumer price index on May 15. 5. PPI is forecast to increase 0.3% over the previous month, compared to a 0.2% increase in the March report. CPI is forecast to increase 0.4%, unchanged from the March report. CPI Annual growth in April is forecast to increase by 3.6% compared to a 3.8% increase in the March report. Recently, Fed officials have said that the Fed will loosen monetary policy if there is evidence that inflation declines sustainably. Therefore, this data is very important and is expected to have a great impact on the future direction of gold. 💥 Technically Gold retreated to around 2330 with support from EMA 89. Gold price rebounded from this area, showing that the main trend of the market is still uptrend. It can be said that gold is stuck within the trendline border in the h4 frame and is heading towards the lower trendline area. The support level of 2330 is still enough to push the gold price to 2360 or 2375 if it remains above the important technical area of 2330. If you break out of 2375, then Correctly determined according to the current market trend is that gold will touch the old peak of 2432 in June or September.
OANDA:XAUUSD
by TVS-Trader
Gold - Trading the breakout!Hello Traders and Investors, today I will take a look at Amazon. -------- Explanation of my video analysis: Just three months ago Gold broke out of a very long term ascending triangle formation - similar to the triangle formation which we saw back in 2019. So far Gold is just creating the expected continuation higher and you can definitely close out partials at the current $2350 level. If you are not in a trade yet, it would be best to wait for a retest of the breakout level and bullish confirmation. -------- Keep your long term vision, Philip (BasicTrading)
OANDA:XAUUSD
by basictradingtv
10
75: Assessing Bitcoin's Weakening, Exploring Strategic OptionsAs we closely monitor the current trajectory of Bitcoin, it's evident that its strength is diminishing, prompting a thoughtful examination of our strategic options. In navigating this landscape, it's imperative to remain agile and responsive to market dynamics. Should we witness a loss of the 65475 mark within the span of this week, the scenario of adopting short positions becomes a compelling consideration. This tactical move would capitalize on the prevailing bearish sentiment, potentially yielding favorable outcomes amidst downward price movements. Conversely, if the aforementioned threshold remains unbreached, our focus shifts towards discerning signs of renewed bullish vigor within the market. We eagerly anticipate indications of resurgent momentum, signaling a favorable environment for reassessing and potentially bolstering our long positions. In essence, our approach remains adaptive and nuanced, attuned to the ebb and flow of market dynamics. By remaining vigilant and responsive to emerging trends, we position ourselves to navigate the evolving landscape of Bitcoin trading with prudence and effectiveness.
CME:BTC1!Short
by Soldi75
Tesla - Is it a fakeout?Hello Traders and Investors, today I will take a look at Tesla. -------- Explanation of my video analysis: Back in 2020 we had a decent break and retest on Tesla stock which was followed by a pump of +1.500% towards the upside. Then Tesla topped out in 2021 and we saw sideways movement ever since. At the moment Tesla stock is trading in a bullish flag formation and is hovering around the psychological $200 level. Soon there will be a very interesting trading opportunity on Tesla stock. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLALong
by basictradingtv
4
Nasdaq - Shifting back bearish?Hello Traders and Investors, today I will take a look at the Nasdaq. -------- Explanation of my video analysis: For over a decade the Nasdaq has been trading in a pretty obvious rising channel formation. We saw the last retest of support in 2022 which was followed by an enormous +70% rally towards the upside. Considering that the Nasdaq is now retesting the upper resistance, there is a quite high chance that we will see at least a short term correction lower before the Nasdaq will follow its overall uptrend. -------- Keep your long term vision, Philip (BasicTrading)
TVC:NDQ
by basictradingtv
11
Dow Jones - Textbook trading setup!Hello Traders and Investors, today I will take a look at the Dow Jones. -------- Explanation of my video analysis: There is one major long term pattern which we have been looking at for a very long time - a rising channel formation. Just a couple of months ago the Dow Jones retested the lower support trendline and created a beautiful triangle breakout while rejecting towards the upside. If we now get a retest of the breakout level which is then acting as support, a major continuation higher is quite likely. -------- Keep your long term vision, Philip (BasicTrading)
DJ:DJI
by basictradingtv
7
Tesla - Don't get caught up!Hello Traders and Investors, today I will take a look at Tesla. -------- Explanation of my video analysis: In 2020 Tesla stock created a beautiful break and retest of the previous all time high which was followed by significant continuation towards the upside. After this pump Tesla stock entered a long term consolidation phase, forming a bullish flag formation. Considering that Tesla just retested and rejected the upper resistance, there is a quite high chance that we will retest the next support at $120. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLA
by basictradingtv
1