Indecisive candle Nifty looking for a Breakout on either side. Like last week this week to Nifty has remained indecisive could not go up with the momentum and could not break the critical support on the down side. Such things happen generally when Nifty is in search of bottom or it has formed the bottom.
If Nifty has already formed the bottom and support at 22935 holds we can see an up side where the resistances will be at 23270, 23419 (Mother line on Weekly charts, very strong resistance), 23806 and 24203.
If Nifty dives down searching for a bottom we have supports at 22935, 21886 (Channel bottom support) and finally 21232 major support which is also pretty close to the lows of June 2024 Election result day lows which was at 21281. things hanging by the thread and shadow of the candle is Neutral to negative. Hoping for a short covering / Technical bounce anytime next week. Everything depends on the budget now. If the budget is good we can see a comeback rally in Nifty if not we will see it forming a bottom in mid or end February 2025.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Trend Analysis
bullish rally for AUDJPYI have marked 3 circles where the price has made a strong support plus the price has also indicated a broken trendline although the last bullish divergence is playing its role in pushing the price upwards the true confirmation of a bullish trend will be when the price will break the previous marked LH.
NIFTY getting weak..?As we can see despite hitting the untested demand zone, it failed to recover strongly and can be seen again trading at its lows and forming more like an inverted flag-pole pattern which is also a bearish continuation pattern hence we might see a sudden breakdown which can create a panic but may lead to a trap in bigger time frame so plan your trades accordingly and keep watching
CORAZA - Bullish continuationEntry & exit strategy with Fibonacci retracement line.
The price has experienced a significant rally, indicating bullish momentum.
52w High (0.675): This is a critical resistance level that the price has tested. A confirmed breakout above this level indicates bullish strength.
The price is currently trading above the Kumo, suggesting a bullish trend.
Chikou-span is above the price and Kumo, further confirming the bullish sentiment.
The Tenkan-Sen and Kijun-Sen lines are trending upwards, supporting the bullish momentum.
Fibonacci Retracement Levels:
Entry 1: 50% retracement at 0.600.
Entry 2: 38.2% retracement at 0.580.
These levels offer potential buy zones in case of a pullback.
Stop loss below 0.540 (14.4% Fibonacci level).
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
SEAMEC LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
DXY Trading Journal DXY Trading Journal
Weekly Analysis
Price is delivering to a premium on the HTF M, W.
Price kissed the HFT .70 level last week, which is also the 75% quarter mark of the M SIBI from 2002. Must be random....lol
Price continued this week to seek lower prices rebalancing inefficient delivered price and take out the clean equal lows. Finishing in a discount wicking to the .618. Fridays candle body stoped on the CE of the W BISI.
Could be break of structure on HTF, or price following algorithmic price theory weaving between premium to discount.
With Price delivering to a discount on the daily range and potential of a institutional quarterly shift, Im going to be patient to read if price is going to bounce up off that .618 or start trending to a bear market.
SKL/USDTKey Level Zone: 0.04220 - 0.04240
HMT v5 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity.
HMT (High Momentum Trending):
HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards.
Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved.
Important Note :
Role of Key Levels:
- These zones are critical for analyzing price trends. If the key level zone holds, the price may continue trending in the expected direction. However, momentum may increase or decrease based on subsequent patterns.
- Breakouts: If the key level zone breaks, it signals a stop-out. For reversal traders, this presents an opportunity to consider switching direction, as the price often retests these zones, which may act as strong support-turned-resistance (or vice versa).
My Trading Rules
Risk Management
- Maximum risk per trade: 2.5%.
- Leverage: 5x.
Exit Strategy
Profit-Taking:
- Sell at least 70% on the 3rd wave up (LTF Wave 5).
- Typically, sell 50% during a high-volume spike.
- Adjust stop-loss to breakeven once the trade achieves a 1.5:1 reward-to-risk ratio.
- If the market shows signs of losing momentum or divergence, ill will exit at breakeven.
The market is highly dynamic and constantly changing. HMT signals and target profit (TP) levels are based on the current price and movement, but market conditions can shift instantly, so it is crucial to remain adaptable and follow the market's movement.
If you find this signal/analysis meaningful, kindly like and share it.
Thank you for your support~
Sharing this with love!
HMT v2.0:
- Major update to the Momentum indicator
- Reduced false signals from inaccurate momentum detection
- New screener with improved accuracy and fewer signals
HMT v3.0:
- Added liquidity factor to enhance trend continuation
- Improved potential for momentum-based plays
- Increased winning probability by reducing entries during peaks
HMT v3.1:
- Enhanced entry confirmation for improved reward-to-risk ratios
HMT v4.0:
- Incorporated buying and selling pressure in lower timeframes to enhance the probability of trending moves while optimizing entry timing and scaling
HMT v4.1:
- Enhanced take-profit (TP) target by incorporating market structure analysis
HMT v5 :
Date: 23/01/2025
- Refined wave analysis for trending conditions
- Incorporated lower timeframe (LTF) momentum to strengthen trend reliability
- Re-aligned and re-balanced entry conditions for improved accuracy
SOLANA on SUPPLY Level? Take Profit or wait?As you can see, SOLUSDT hasnt broken all time highs nicely, instead it was a fakeout which closed below 260$ price zone.
1- I have sold here & would wait to take my entries on a higher low around 222$ price zone.
2nd - If it breaks all time high, then I would let it do that and come back to 260$ or make a higher low, then I will decide entries.
3- if it break 222$ then a lot lower prices will be expected like 200$ and 180$ at least.
For now, the market is bullish, and the first and the 2nd probability is most likely to playout.
Trade safe my friends, DYOR!
DOGEBTC showing great strength, first SOL now DOGE? Expect Dogecoin to go parabolic, all things are lined up to tell u that we are going to the moon. As usual, dogecoin will dominate the market.
Analysis: DOGEBTC chart shows a massive rally that has broken this resistance i colored in blue that was holding it for a very long time. Now its retesting it. As I have experienced in the past, usually at this point it is preferred to swap btc into doge for higher gains. DYOR !
Visit @HalalPortfolio on Youtube for complete explanation.
Learn What is Higher High, Higher Low, Lower Low, Lower High
In this educational article, we will discuss the foundation of price action analysis: the concepts of highs and lows.
In order to grasp that concept, you should learn to perceive the price chart as the sequence of zigzags .
Depending on the direction of the market and the shape of these zigzags, its peaks will be called differently. There are 6 types of them that you should learn to recognize.
1️⃣ Equal Highs (EH).
The peaks of bullish moves will be called equal highs, if they perfectly respect the same level (resistance), retracing from that and not managing to break above.
Above is the example of equal highs on Gold chart on a daily.
2️⃣ Equal Lows (EL).
The peaks of bearish moves will be called equal lows, if they perfectly respect the same level (support), bouncing from that and not managing to break below.
Find perfect equal lows on USDCAD on the chart above.
3️⃣ Higher High (HH).
The peak of a bullish move will be called Higher High, if the price manages to violate the previous high after a retracement.
Look at a perfect sequence of higher highs on NZDUSD.
4️⃣ Lower Low (LL).
The peak of a bearish move will be called Lower Low, if the price manages to violate the previous low after a pullback.
Trading in a strong bearish trend, NZDCAD keeps updating lower lows on a daily.
5️⃣ Higher Low (HL).
The peak of a bearish move will be called Higher Low if, after a retracement from the high, the price manages to set a low that is higher than the previous low.
Back to the example on NZDUSD. Not only the price updates the higher highs but also the higher lows.
6️⃣ Lower High (LH).
The peak of a bullish movement will be called Lower High if, after a pullback from the low, the price sets a high that is lower than the previous high.
That's how EURJPY acted on a daily, setting 2 nice lower highs.
Why these terms are so important?
Because, firstly, you can apply them to objectively identify the market trend.
Secondly, all the price action patterns are based on a combination of these highs and lows.
You should learn these terms by heart, and you should learn to perceive the price chart as the sequence of zigzags, with a strict designation of each peak.
❤️Please, support my work with like, thank you!❤️
CFG Long
Heads up, crypto traders! 🚀 Here’s the scoop on CFG:
Currently, CFG is in an accumulation zone with several indicators hinting at a high potential for growth. 📈 We're seeing divergences forming across multiple metrics, especially noticeable in the 5-day chart.
This suggests that, in the near future, there might be a significant upward movement. Keep a close watch on this coin as it prepares for a potential rally! 🌟
Stay tuned for updates and make sure your investment strategy is ready to capitalize on these movements!
#CryptoAnalysis #CFG#GrowthPotential #TradingStrategy
Silver Charts Show Strength: What’s Next?Silver is maintaining a strong uptrend with higher highs and higher lows, supported by a rising trendline around $28-$30.
The upper trendline acts as resistance, and a breakout could drive further upside. However, a breakdown below the trendline may signal a potential correction.
More update are coming soon, Stay tuned!
Please support us with yours likes and comments.
THANK YOU
BTCUSDT is this the top? Supply & Demand Analysis.BTC currently is being rejected from all time high zone of 105K showing us a risk of upto 6% to the downside towards 99-98k. We have already sold the high for BTC. These 3 purple lines show 3 scenarios we can play with. If BTC Breaks the high, we let it do that, we buy the rested confirmed to go higher and not to get a fakeout. 2nd scenario says we can sell here buy at 99K and ride it back towards all time high. 3d scenario says, if 99K is broken and retested, then 90K is the level we are looking for, maybe even 87K.
This can affect the entire market if things go bad, in worst case scenario, it can shake everyone towards 75-60K. But its not the time to decide that yet. Good to take profits here and be prepared for other tokens. Maybe have a look at my other analysis DOGEBTC & ETHBTC, we think doge will be the next Largecap which will dominate the market after SOLANA.
You can as well go 50% DOGE & 50% ETH.
Always be prepared for any scenario, cuz nobody knows the future. Have all the probabilities in mind.
GOLDBTC or XAUBTC fall time? what does this mean for $Bitcoin?Gold is trying to break zone massive zone towards the downside against btc, this does not mean gold will fall btc will go up. This means that BTC will perform better against gold in the long run, breaking this zone lower and retesting it will confirm that.
So which one do you love the most? Gold or BTC?
Not a financial advice, do your own research.
To learn how to trade supply & demand, we teach you. contact us ASAP!
ORDI accumulation zoneHey, crypto enthusiasts! 🌟 Let's talk about ORDI today. 📉📊
In the accumulation zone, we're observing some interesting movements. There's a potential for further decrease, perhaps by another 30-40%, but it's already clear that accumulation is happening at rates higher than the current market price. 📈
On the daily chart, we can clearly see some significant divergences forming. This is a key indicator for those looking to position for a long play. 🚀 I'll be looking to enter positions about 20% lower than current levels, anticipating a robust upturn.
Keep your eyes on the charts and be ready to make your move! 🧐💼
#CryptoTrading #ORDI #InvestmentTips #MarketAnalysis
Gold weekly swing trade buy and sell levels This weeks swing trade we are targeting a pullback to previous support before entering a buy.
Target for the sell entry first is enter at 2769 expecting to bounce at resistance at 2747 for a gain of 226 pips.
On the buy side looking at entering at 2745 expecting a push to 2799 for a swing of 543 pips.
Trade is based on higher time fram analasis of both support and resistance plus trend lines .
As always with these type of trades use reduced lot size so you can afford to stay in the trade with drawdown longer.
For the last week we have seen Gold make a new all time high and 2800 will be tested this week.
Last weeks trade never activated but the bullish direction was right.
Hope we all have a good week in trading this week , ill update as the week goes on
VIRTUAL - A Long Opportunity or More Pain Ahead?VIRTUAL has dropped over 50% from its all-time high of $5.14, now trading around $2.50. A head and shoulders pattern has formed, with price currently testing the neckline, a bearish sign that could signal further downside. Let’s break down potential targets and trade setups.
Key Levels and Support Zone:
1.) POC from December 2024 Range:
Located at $1.67, a significant level from previous trading activity
2.) Anchored VWAP:
Taken from the lows, currently around $1.62, reinforcing the $1.66 zone as strong support
3.) Fibonacci Retracement (Log Scale):
The 0.382 Fib from the recent wave sits at $1.77, providing additional confluence for the support area
4.) Trend-Based Fibonacci Extension:
The 0.786 Fib aligns at $1.71, further strengthening the $1.70–$1.80 range as a reliable support zone
Trade Setups:
Short Setup:
Entry: $2.836 (Fib retracement 0.618 from the current downtrend)
Target: around $1.80
Stop Loss: Above $3
Risk-to-Reward: 5:1
Potential Drop: 30–40% from the entry level
Long Setup:
Entry: $1.70–$1.80 range
Target: Depends on confirmation and take profit areas. A realistic initial target could be around $2-$2.30
Stop Loss: Below $1.52
Risk-to-Reward: 2:1 or better depending on take profit strategy
BTCUSD - Short the trend why don't youWe're in the pivot, if you know what pivots are ykyk. Im not gonna explain it here.
Rejection is weaker than initial rejection. I think you get the idea what happens next.
Trend is still (DOWN) if bears can't read it then they are pretty bad at being bears.
Beyond my understanding of the previous design of yesterdays price action. Harmonic confluence digital assets microstrategy, buzzword, fluff up text so this can be published. Inverse law beyond delta 0.618 ratio fibbonaci confirms next weakpoint gap fillation gann squares? Square gann hypo asset appreciation buzzword buzzword logarithmic venn diagram of the universe. Cast fireball.