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Trendanalysisexplained

SPX: Back to a CRITICAL support level!• Last Friday we nailed the bottom on the index, and it went up nicely afterwards; • However, the SPX is back to our support level, and it all depends on how it’ll react from here; • By losing the 4,028, then we might see a sharper pullback, and the 21 ema in the daily chart would be a good target to work with; • If we react, then the bullish bias will persist, but for confirmation sake, would be important to see the index breaking the 21 ema in the 1h chart; • Unlike last time when we called a bottom, the SPX lost the ema in the 1h chart, and as evidenced by the purple line, it did a lower high, this makes the trend weaker; • However, keep in mind that in the daily chart the trend is still clearly bullish, and a pullback to the 21 ema wouldn’t ruin it at all; • The 4,028 is the key point here, and only by losing it we can work with a sharper pullback. For now, let’s wait for more info. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
6
NVDA: Hit a KEY RESISTANCE level! Will it remain bullish?• NVDA is incredibly bullish, as it is still doing higher highs/lows, trading consistently above the 21 ema, and there’s not a single top sign on it; • However, we must pay attention to some key points. First is the black line at $170, which is a key resistance for NVDA; • Only by breaking the $170, NVDA will resume the bullish momentum and seek the next target at $190 – so far, there’s evidence it won’t do that; • On the other hand, if NVDA loses strength and fails in breaking this resistance, and loses the dual-support area made by the 21 ema + purple trend line, then we’ll know that the trend got weaker; • Right now, NVDA is trapped between the key resistance and the dual-support level, almost doing an upwards breakout; • Now it is not the time to buy, as the buy signal was given to us near the $155, as I said in my previous analysis (link below this post), when it reacted just above our key support level (a trade with low risk/high reward). Now it is time to manage positions the best way we can; • Either way, I’ll keep you updated on this. Remember to follow me to keep in touch with my analyses!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
3
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!
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
1
AAPL: Trading in a CRITICAL support area!• AAPL is doing an important reaction above the 50% Fibonacci’s Retracement; • Since it lost our support at 38.2%, I thought it would seek the 61.8%, however, the 50% is surprisingly strong. The link to my last analysis on AAPL is below this post, as usual; • There’s still a chance that it’ll seek the 61.8%, as there’s no bottom sign confirmed on AAPL yet, but this reaction makes my original thesis weaker; • Either way, any bullish reaction above the retracements might indicate a bounce to higher levels, in the short/mid-term; • For now, AAPL is trading at its retracements area, and we must pay extra attention on it, as it is a critical key point that could reverse the trend. I’ll keep you posted on this. Remember to follow me to keep in touch with my analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
2
SPX: Hit our Short-Term TARGET! What's next?• The index hit our short-term target, the support at 3,980, as we mentioned yesterday, and it broke it downwards. The link to my previous analysis is below this post, as usual; • Now, the trend is bearish in the 1h chart, as it did a lower low, and it is below the 21 ema. In theory, it’ll seek the 21 ema in the daily chart next, or maybe the 3,900 area; • What could frustrate this short-term bearish sentiment? If the index reacts and breaks the 3,980 again, along with the 21 ema in the 1h chart. As long as the index remains below these two key points, the trend won’t reverse, and any bounce would be just a bounce, not a true reversal sign; • Everything is still going according to the plan, but it seems we have yet to see more confirmation signs, regardless if it is going to drop more or reverse. I’ll keep you all updated every day on this, as usual. Remember to follow me to keep in touch with my analyses!
SP:SPX
by Nathan_The_Finance_Hydra
EUR/AUD: smart bought in the reaction points!!!Euro/Australian Dollar look bullish from this point that I identify a possible nice opportunity to get so much pips in this only trade. As first, in Daily timeframe EUR/AUD forming a bullish channel perspective that could to continue climb until $1.5920 AUD. Also, the candlestick it's appear that still bullish. In H4 timeframe we are in the smart zone in the $1.5551 AUD that price it's just make reaction in this zone to find down new buyers to long position. And also, I make some correlations that I draw a order block and a diagonal point line that work like support and maybe, if in H4 timeframe closed up with a bullish signal. We can to see a strength in this par. And finally, we're in H2 timeframe here in this analysis, and we see that that EUR look strength than Aussie. So guys, we see a nice opportunity here to bought!! Good luck!!!
Long
by harisonhbn9718
TSLA: KEY POINTS to watch from here!• TSLA is in a critical situation, as it is between key support/resistance levels; • Since our last study, TSLA did a false breakout from the $177, which gives me the impression that it will retest the next resistance in the daily chart, which could be the 21 ema or the $198. Either way, TSLA is supposed to bounce a little bit further; • However, in order to do that, it must break the red line in the 1h chart at $185, as this seems to be a key resistance; • In addition, TSLA respected the 21 ema in the 1h chart as well, which indicates some strength; • What could possibly frustrate this thesis? If TSLA loses again the $177; • Therefore, we have three key points: $185 and 21 ema in the 1h chart, and the $177 in the daily chart. I’ll keep you guys updated on this. Remember to follow me to keep in touch with my analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
SPX: All according to the plan! What are the next KEY POINTS?• Since our last study, the index has done exactly as we planned. It broke our key point at 3,980 and it resumed the trend all the way up to the next resistance. The link to my previous public analysis is below this post; • However, the resistance at 4,028 seems to be a strong one. Naturally, the index is correcting. The question is how far can it drop? • If the index fails in reacting around the 21 ema in the 1h chart, it seems the next support is at 3,980 (our previous key point). This is a short-term support; • If it loses the 3,980, the next support is in the daily chart: The 21 ema. This is a mid-term support level, any reaction above its support might be an opportunity to buy; • The index is correcting, but there’s no bearish reversal structure yet – so far, it is a pullback in a bull trend. I’ll keep you guys updated on this. Remember to follow me to keep in touch with my analyses!
SP:SPX
by Nathan_The_Finance_Hydra
SQ: Watch out for these KEY POINTS!• SQ is doing an important reaction that could sustain a bullish thesis, however, there are some key points we must pay attention; • First, it must break the red line at $64.26, as this would trigger a bullish pivot point in the daily chart and frustrate the Double Top chart pattern in the 1h chart; • In this scenario, SQ could seek the $69 again; • However, if it triggers this Double Top, the next support is at $60.48 again. This is a support from a previous gap, as seen in the daily chart (Nov 10); • Only if SQ loses the $60.48 it would trigger a mid-term bear trend, and the next supports are $57.09 and $55.10 (another gap); • Either way, SQ is looking good. Remember to follow me to keep in touch with my analyses!
NYSE:SQ
by Nathan_The_Finance_Hydra
1
EUR/CAD: Review!!!In this review that I want to share you, I see that this trade was a fell in the past week. What maybe, what I don't note it's when the trend still bullish in H4 timeframe, it's ever follow the trend and never going against the trend. But as I mentioned in the past week that EUR/CAD may to weak in the past week that may to drop to $1.3680 USD. The price was climb against what I went in short position. But I take a screenshot that maybe, this could to fix. There was a good opportunity to bought in $1.3770 CAD approx. and going to long position. But maybe as my own advice that I make for me, it's necessary to make a more comprehensive this kind of analysis to analyze it better and prevent to fell again based in this case of study. And it's recommend to use order blocks And also, I mark in a big circle that in the past we see a nice opportunity that maybe we can to got this analysis and entering in short in this kind of analysis forming a bearish candlestick signal. In that analysis, I loss 42 pips as well, this analysis its a case of study to work a little more only in the comprehensive analysis.
by harisonhbn9718
1
GBPAUD I Where to Buy this Week!Welcome back! Let me know your thoughts in the comments! **GBPAUD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
14
Ethereum: sell order place in the order block putEthereum made an interesting analysis that we can to entry in short in this trade. In the previous candlestick, formed a bearish hammer, indicating sell-off. What we can to short this cryptocurrency toward $1,090 USD. In H8 timeframe still bearish in this side. Meanwhile, in Daily timeframe we see a possible perspective that Ethereum may to continue down toward $1,000 USD So, I'm shorting Ethereum that I put this trade to short now!!! Good luck!!!
COINBASE:ETHUSDShort
by harisonhbn9718
1
Ethereum: bullish market strucutreEthereum doesn't make a drop as it's supposed what I had counted it. But right now, the price action may to speak us that the price in H1 timeframe it's moving to the upside and maybe, bulls appear that want to go to carry up the price to $1,286 USD. I closed up manually and I decide to long Ethereum now from this point!!! It's appear that Ethereum doesn't want to drop as may to continue up toward $1,286 USD and then, we would to see if the price could to forming a bearish rejection and check out in timeframes if we see any chartist pattern. Good luck in this long position in Ethereum price!!!
COINBASE:ETHUSDLong
by harisonhbn9718
5
BHARAT BIJLEE DAILY CHART : Lots of price actionThe share of Bharat Bijlee daily chart lots of price action you can learn, if you are interested read below The first learn the trend line after 21st Jun the share follow the trend line, after trend line breackdown the trend line work like resistance 27oct 2022 the share strong bullish candle formation this candle break the previous high and trend line after breackout share share is pullback, after pullback this is now good for the entry What you think, please comment
NSE:BBLLong
by Anuragsahu001
GBP/CAD: Review!!!In this review. I made an analysis to first in long position that I was in the right direction, but as I make a wrong to closed up a long position and then shorting GBP/CAD that I commented a possible bearish rising wedge in formation. As I loss in this trade 6.56% and the only earns was small like 1.16%. This will turn in 5.41% in loss hold in this trade But it's the same case of my past analysis in EUR/USD and USD/CAD. The only when I was in long, I don't supposed to closed up this long position when I was in good believing after that this it's a potential bearish rising wedge. In my case, for this kind of analysis, it's necessary to work a little more and always I will use price action o read better this analysis. This long position that I took in Monday, this could be a excellent opportunity. But I see that I will need to be a little more patience to hit my target, read the price action better and what said in timeframes and then don't entry in panic as sometimes the trend only cheat us. And I believe that this kind of analysis, to add here, when it's talk about a change of trend, it's will being a good option that a change of trend need to make a break up and fall in the market structure to confirm it.
by harisonhbn9718
GBP/JPY: Bullish setupGreat Britain Pound/Yen Japanese look bullish, what we can to get this opportunity to the upside direction, what I look that GBP/JPY still bullish form this point over $168.12 JPY. But if the price action still bullish in the next up confirmation ,we're very sure that GBP will continue strengthen. So, this it's the idea that I decide to trade after GBP/CAD and EUR/CAD rose up and I was shorting them. But I'm sure that GBP/JPY will going to strengthen. But whatever, I will check what I fell in those trades GBP/CAD and EUR/CAD later of those review and how I can to work this trade a little more. So, I enter in the midday that I'm in long from $168.51 JPY, and I update my Stop Loss now to $167.63 JPY and take profit toward $170.00 JPY. Good luck in this long position!!!
Long
by harisonhbn9718
1
EUR/CAD: Short position explainedIn this other analysis, I'm analyzing Euro/Canadian Dollar and we' have the same sitaution like GBP/CAD, but in senseway, but this par it's very clear that EUR/CAD it's preparing a drop toward $1.3690 CAD that we cant to short. But I don't going to entry now until I want to know a little mroe if EUR/CAD will continue to make a market trap in $1.3815 CAD in my price that I'm watching, and also I have an alarm if EUR/CAD reach $1.3805 CAD to be informed. But now, we see the same situation of the bearish setup in EUR/CAD. The only it's waiting the formation here!!!
Short
by harisonhbn9718
4
GBP/CAD: Update!!!In this update, as I made an analysis in Day Trading in GBP/CAD. i said that I enter in $1.5875 CAD and the moment, GBP/CAD it's climb the price as I'm in profit with 27 pips approx. But well, as I mentioned in Daily chart, we have 2 perspective to watch out in this timeframe the following levels: $1.6000 CAD*** and $1.6050 CAD I mark 3 little star after CAD to take in note this level in case that doesn't make this break-out, we would closed this position manually with profits in hands. But now, I made a little update that GBP/CAD has a lot chance to reach $1.6050 CAD as the trend still bullish, I don't believe that goes bearish. We can to forming a possible bearish rising wedge by type of charts that I see and I first watching the level $1.5977 that I mark this horizontal line in the previous high. For that, I will watching this level, as we can to see a possible take profit until $1.60 CAD and then make this significantly large drop from this price by the formation of this chartist pattern, be always analyze the price action ever. At the moment, we're in long and I'm profit!!! Good luck if you enter in my indications I will trade until this Wednesday, as after of Thursday, I will closed up all Forex position manually at 5:00 pm independent the status of my trade as I will celebrate Thanksgiving Day and Black Friday for me to share with my family. Unless cryptocurrency position that I'm shorting Bitcoin and XRP since past weeks. My target in $13,500 USD for Bitcoin and $0.25 cents for XRP
Long
by harisonhbn9718
GBP/CAD: New Update!!!In H4 timeframe it's appear very clear that the price doesn't have strengthen to continue bullish clearly in H4 timeframe. What right now, we see two thing to consider. First, we see a bearish rejection in this previous higher, and then we see a weakness in the price action, it's like that the price want to drop like a butter in the air. Right now, we see a bearish setup in this side as I comment for past days that GBP/CAD may to forming a possible drop, but now it's the time to sell and closed up manually long position and change to short now!!! I'm shorting from $1.5889 CAD. Stop Loss to $1.5975 CAD. And my fix target to $1.5710 CAD. We hope this drop now as my analysis was update now to short!!! Good luck. As I closed up manually the long in GBP/CAD. I got only a small profit like 0.67% earned in this long. But now I'm shorting GBP/CAD
Short
by harisonhbn9718
3
AMZN: We nailed the TOP! What to expect next?• Since our last analysis on AMZN, we nailed the top on it, thanks to our Multi Time Frame Analysis (MTFA) in the 1h and D charts (link to our previous analysis below this post, as usual); • Now, AMZN is in a bear trend in both, 1h and D charts. In theory, it is supposed to fill gap at $86.82; • Only if AMZN does a strong bullish reaction, and breaks the 21 ema (1h) we would see this bearish scenario frustrated; • If AMZN reacts, and breaks the $101 area seen in the daily chart, it would trigger a mid-term reversal structure, a bullish pivot point; • Therefore, this trend will be dictated on how it’ll react in the 1h chart, and if it breaks the $101 in the daily chart. I’ll keep you guys updated on this, but for now, let's kee these key point in mind. Remember to follow me to keep in touch with my analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
1