A Breakout Pattern!The price indicates a breakout pattern due to fresh buying interest backend by high volume.
MACD indicates a divergent signal backed by the price breakout.
RSI indexer is above 70 due to fresh buying interest on the stock.
Let's save EURO in WL and watch out significant price movement backed by volumes.
R 0.160
S 0.105
Trendanalyisis
DXY 4HThere is a daily and 4H bullish order block at 104.14 and since DXY has been dropping, the order block might induce a retracement to fill the daily volume imbalance between 105.70 and 105.84 which would be a safe zone to take your profits if the setup plays out as explained. Price might also decide to climb higher to fill the fair value gap between 106.08 and 106.27. Price action will tell. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. APPLY PROPER RISK MANAGEMENT.
BTC is getting ready for the Big moveHi guys, This is Martin, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATE
BTC is forming this big falling wedge pattern
what is falling wedge pattern
The falling wedge is a bullish pattern . Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend.
*BTC Need to Clear the 18,500 Resistance to Confirm the Falling Wedge Breakout
* RSI is also sowing some bullish divergences move
*If it conform this pattern then according to the pattern we will see good bounce
Stay tuned I will keep updating
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Long EURUSD
Daily
Green Kumo
Wide Kumo
Tekan San is Pointing Up
Chicko Above Price
4HR
Tekan is Pointing Up
Chicko Above Price
Kumo is just Changing to Green
Gold Cross
1HR
Kumo is Green
Fibonacci Level at 50.0%
Possible Trade Scenario
Price breaks and closes 4HR TL on 1HR chart then heads to TP1 or -27.00%
ETH - USDT, 1D Interval Resistance and Support I invite you to review the ETH/USDT chart on the one-day interval as its predecessor.
Let's start by determining the main trend under which the price has been moving since the last ATH. Now it is worth marking with the yellow lines the triangle in which ETH is currently moving.
Let's now move on to identifying two very important supports, the first at 0.78 Fib Retracement, equal to $1125, and the second support at the last low of $880.
Looking the other way, the price has two strong resistance zones, the first zone starts at $1524 and lasts until $1920, only when the price breaks above the first zone and makes a positive attempt to attack the second zone from $2573 to $3016, the way will open for us towards a new peak.
Looking at the CHOP index, we see that we have less and less energy, the MACD indicator indicates a change in the trend to an upward one, and the volume, although low, indicates the predominance of green candles on the buyers' side.
HullBuster |USDZAR bouncing off supportGann Technical Analysis: USDZAR 4 hour chart
Overall, we’re bouncing off the 12 April low with the price action firmly contained above the rising 1:1 line. The recent pullback from the 22 October peak could not penetrate the descending 1:4 line and is now enjoying a powerful rally. According to Gann principles we could see the price continue to climb until the negative 2:1 line. Then look for a bounce off the negative 3:1 line. A break above the 8:1 line would put the USDZAR in blue sky territory while a fall below the rising 1:1 line would indicate major dollar weakness. The Gann Timing Box offers a text book stop level at the 38% line. Happy Trading! And Happy Holidays!
Methodology:
I use external Gann software to calculate the angles. The software uses a fixed grid calibrated per instrument. I use the TradingView Gann Fan to illustrate the analysis. It is not used in the calculation so the angles do not match your viewport orientation. Please see my angle gauge for a 360 degree representation of the calculation result using the current instrument price as of this date. The peak angle is represented using negative coordinates so as to preserve the Gann parlance and event recognition. It is not part of the formal indicator.
William Delbert Gann (1878-1955):
Commodities trader who developed a technical analysis method using geometric angles to forecast price movement. The core of his work relies on pivot points and lines drawn at fixed rates of speed. He is also the author of numerous finance books and trading courses. Although he developed several time and price indicators, this analysis uses only two: the Gann Fan and Gann Square.
USDZAR:
The South African Rand is a commodity currency established in 1961. It has been steadily weakening against the U.S. Dollar since 2012 due to mining industry decline and significant trade deficit. It is prone to lengthy periods of volatility against the major currencies. It’s currently trading at around 17 ZAR’s to the dollar. Looking at the weekly chart it’s easy to see where this currency is headed. Widespread unemployment, crime and political unrest is likely to keep pressure on this currency for the foreseeable future. However, trading this currency will require and iron will and either deep pockets or tight stops. The nominal swing range is around 3000 pips with relatively frequent bursts of 10000 pips or more.
SPX: Finally filled our GAP! What's next?• Since our last analysis, the SPX did a great reaction, just above the key support we mentioned yesterday at 3,937 – a Double Bottom chart pattern;
• By the moment it broke our key resistance area made by the 21 ema (1h chart) + 3,980, it exploded – the link to my previous analysis is below this post, as always;
• Now, the index filled its last gap at 4,083, which I was aiming at since the 3,900. We were already expecting this movement, since the mid-term trend in the daily chart was bullish since the beginning, and we had no clear bearish structure at any moment – just pullback signs;
• Now that the index exploded, we could see some correction, and in this case, there are many support levels to work with: We have the retracements, the previous top at 4,028 and the 21 ema in the 1h chart;
• Any bullish structure around any of these support levels might indicate that the bull trend will persist a little bit longer. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
QQQ: Could Tech stocks REVERSE? These KEY POINTS will guide you!• QQQ is trading around a key support level, made by the 38.2% Fibonacci’s Retracement + 21 ema;
• If QQQ loses this dual-support level, the momentum might be strong enough to make it retest the 61.8% around $272;
• In addition, if this scenario materializes, QQQ would do a bearish structure (lower high/low), indicating that the bear trend will persist a little bit longer;
• However, QQQ has been correcting while the volume decreases, indicating weakness rather than a sell-off;
• Either way, a bullish thesis would gain strength only if it breaks the $293 area, triggering a bullish pivot point;
• A bullish scenario would have the gap at $307 as our first target;
• Either way, QQQ looks interesting, and regardless of what happens, we must pay attention to these key points for now.
Remember to follow me to keep in touch with my analyses!
EURUSD Bias 11/21-11/25EURUSD Bias- Short
Currently in sells long term for EU & also scalping buys. Expecting us to push down for the rest on the week on all USD pairs going into Tuesday & finishing off wed with FOMC. EURUSD has the potential to hit 0.9700 again (monthly key level) before the year is over.
Knowing if a trend is still valid or is beginning to failin the above image you can see, that when all moving averages do not cross or overlap one another, this indicates a strong trend/price sentiment in this direction, even after a major pullback, you'll notice the moving averages still dont cross or overlap.
also on the chart image ive touched upon the very popular 1, 2, 3 trading pattern and highlighted that there's a not so obvious 4 reset wave before the 1, 2, 3 pattern starts again, the trick is check to see if the phase 4 wave causes any of the moving averages to cross/overlap before setting up your 1, 2, 3 move! because if they have crossed or one of them is overlapping the other, this signals the trend is weakening and the market may be looking at beginning a range or and new trend in the opposite direction.
GBPNZD Potential Buying Opportunity!Hello Traders,
In this week's trading session we will be monitoring GBPNZD for a Buying opportunity in and around 1.915 OB zone. Once we get a bearish confirmation the trade will be executed and shared with our premium subscribers!
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EUR/USD likely to fall!Hey tradomaniacs,
looks like EUR/USD has just faked out to the upside with a lot of speed and momentum in order to catch liquidity.
Overall correlations do not make sense with this move as yields are not falling while indices are just choppy but bearish.
Orderflow has shown an instant switch from bulls to bears with this "breakout" which is giving evidence for a fakemove.
Be cautious today as market is pretty volatile due to a lack of fundamentals and upcoming holidays in the US.
What do you think?
LTCUSDT 1D Interval - Resistance and SupportHello everyone, I invite you to review the LTCUSDT chart, taking into account the one-day interval, we can see that the price does not record large drops despite the low stability of BTC. The yellow lines mark the uptrend channel.
Looking at the support levels, we can define several levels, first we can define support at $59, then $55, $52, $49, and $45.
Looking the other way, we see first resistance at $63, second at $67, third at $72, and fourth at $88.
Please pay attention to the CHOP index, which indicates that we are gaining more and more energy, the MACD indicator indicates an uptrend, but the volume, although not large, indicates the advantage of sellers.
US500 BUY SETUPUS500 Structure is pushing upside, we can discern price approaching a Flip Zone aligning with Equilibrium fib level. I expect a continuation from this area
Get Ready for BTC bulls Revenge Plan to 26k, This NOV-DeCAre you ready for $17600, $18800 bulls play. As if $16k was not bad enough, The bears beat the bulls all the way back to $15550. but was the bears breaking down below $16k a Trap on 4hrs.
Are the bears trapped? Late Nov 2022-Jan 2023 will shock the bears and here is why.
the bulls won't let this big push to 15500 range go easily on BTC .
Before you say btc is going to $14k which is more likely an even that will happen in 2023 in my Opinion(Opinions are a**holes so don't mind me)
But still The bulls looks like they are sleeping, Please Don't be fooled. The dump was a plan by market makers to clear early buyers out something called Capitulation. we will see $14k but definitely not in 2022.
I expect the pull-up to be fast 1st resistance I see is $17400 range but I will like you to look at support here as an area instead of a line so $17500- $18400 will cause a range and staleness and possibly a pull back to $17600 but Before getting to $17400 they will be pull-back that is likely at worst retest to $16200- $16k at worst we get a double bottom at 15600 but bulls will fight to hold the 16k support.
The real fun starts after breaking $18800 but I do see a rejection that could pull the bulls all the way back to the $16200- $16k depending on the strength of the bulls to out weight the selloff on the blue line in the chart below.
If they fail on 1st attempt to break above the $18800 control line, they will return and break it on 2nd or 3rd attempt but the chances of them succeeding is over %65.
This will give bulls the needed Backup Soldiers to fight back and the R will be snatched and turn into a support to burst their way to $19900 to $20500 resistance area.
This area is very tricky because of the previous Consolidation that occurred there extending the resistance area all the way to 21800 range, but the bulls won't back down as they will allow a pullback to attack again like 3 times before destroying it with a big grenade the bears wont see coming. Their target is somewhere from $25k to $26k range or they could even exceed this but for now that the major TA I see.