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Trendanalysisexplained

BTC outlook for 28 April 2022. Talked about how I would like to see BTC close above the important zone around 39,3k which was a strong support zone in the past. Currently BTC is trading above this zone but I would want to see either a 4h bar or the daily close well above this zone before establishing that a fake out occurred. If BTC manages to close back below the 39,3k level I believe it will drop down further towards my long term trend line and that the bullish push from the last two days was merely a retest before continuing bearish.
by WickFillerDude
FTM done correcting? FTM corrected 54% after the Supertrend Ninja - Clean signal on the 25th Jan (red vertical line on the background). FTM is currently on a support level. The Stoch RSI is in oversold levels, but it hasn't crossed up to the blue area yet. Also the price is below the Ichimoku cloud, which is bearish. The RSI and Constance Brown is in oversold area as well. If FTM bounces here, we will have a bullish divergence confirmed for the RSI. A few more days will give us some more clarity. Bouncing up here 1.30 USDT is the next target. Dropping here 0.73 USDT is the next target. 0.59 USDT thereafter. The Supertrend Ninja - Clean tends hasn't given a bullish signal for the time being (green vertical line on the background). Supports and Resistances are highlighted as grey blocks. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
by Kch28
GBP/AUD: bullish channel flagGreat Britain Pound/Australian Dollar formed a new bearish trend line, but that trend line was broken and now, break out to the upside like bull are taking the trend now. So guys, in the previously analysis, I predict very well that GBP/AUD will drop and pass it but also don't touch my target at $0.7514 AUD for just 2 pips of distance in my broker and in the early today GBP/AUD made a big candlestick green, it's a bullish signal and also read the technical analsysi, we break out the bearish trend line formed. Right now, I decide to closed up my trade with some pips, in my previously analysis, I send you a message that I entry around $1.7662 aud Aprox. to short this par. Also, we are in the key reaction zone that as this bearish trend line was broken, this reaction zone could to fall and make a manipulation zone what I feel in this par to the upside Look very carefully my key points in this par. But it's supposed that we need to continue drop, but in H1 there're some difference in this timeframe about the price action and new chartist pattern formed. I entry in the market price now of this confirmation of this break out and SL to $1.7583 AUD and I has 2 target to take in note. The first target it's $1.7723 AUD and $1.7822 AUD to reach them. I hope that this; analysis support you. This it's my new update of GBP/AUD and my next perspective in my mind!!! Good luck!!!
Long
by harisonhbn9718
8
AMD: Any chance of reversing? Let's see.Hello traders and investors! Let’s see how AMD is doing today! First, in the 1h chart, we see a strong bear trend, and there’s nothing indicating it’ll reverse. As long as we keep seeing lower highs/lows, we can’t say it is a buy. However, AMD has a few key points that if broken, it could trigger a reversal. First, we have the 21 ema, working as a resistance for the price. Second, we have the purple trend line, as AMD has been trading below it for nearly a month now. Last, we have the previous resistance at $ 91.35. Only if AMD breaks all these resistances we might say the trend will reverse in the mid-term. If AMD is about to react, the timing couldn’t be better: We just hit the support from July 2021 today (blue line). We see a bullish candlestick today, which is great, and since we are just at this support, the Risk/Reward ratio favors long trades. We are far from the 21 ema, and any reaction in the 1h chart could make it retest the ema again. If we see more confirmation signs in the daily chart, we could say AMD will fill the last gaps, and the $ 118.60 would be our target. The only problem is we have earnings in 6 days. This will increase the volatility, and could help a bullish thesis, sure, but if it backfires, the next support level is at $ 72. For now, I am neutral on AMD, and I see many other stocks that look much more interesting, but if this works out, it could be a great opportunity to trade. Now is the time to watch it closely. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
7
The innocent SIP investorsLONG time charts ,weekly,monthly are easy for deciding the market direction. daily charts are the lowest time frame in elliott wave analysis to count sub waves. if you want to trade tension free ,follow daily charts take position for a weekly and monthly targets. A simple idea is shown in the above chart. we have completed 2 legs of corrections as wave 'A' and 'B' which are 5 wave diagonals followed by 3 wave recovery waves 'C' and 'D'. 5 WAVE diagonals are motive waves and the main purpose is to sell but not intensively, but after the end of wave 'D' ,you may have a sharp sell off as wave 'D' is the final up move unable to lift the index above wave 'B' . FAILURE to do so wave' D' will become third top which is a strong RESISTANCE for bulls. you may notice FII sold enough stocks and they have taken SMART MONEY out of the system, by zolting the market to and fro. now tell me who is bather about innocent SIP money flowing though mutual funds, when final selling climax started? the monkeys bought from FII's at higher price is with us, will FII buy from us? first leg of wave 'E' has the target of 16300
NSE:NIFTYShort
by selvamB
8
BTC outlook for 27 April 2022. After closing strong bearish yesterday, we do see BTC rejecting weekly support around the 37,5k level. For the bulls: IF BTC can continue to push back upwards and close above the last important support zone around 39,3k it would be a good bullish indication to continue back towards the 40k level. For the bears: This current push back upwards could be a retest before BTC continues further down towards the next major support zone and to retest my long term trend line. I remain bullish on BTC in the longer term until my long term trend line is broken
by WickFillerDude
CAD/CHF: Morning Star CandlestickCanadian Dollar/Swiss Franc forming a morning Star Candlestick Pattern in the price action in H1 timeframe. I zoom up to watch very good the candlestick pattern in this it's a bullish signal to buy CAD. Also for reference, you can to look in 30 minutes timeframe (scalping) that we forming a good zone to buy right now and also this bullish divergence that we see in this timeframe 30 minutes and also in H1 we could to appreciate some in the RSI in H1. You will need to learnd how to read the price action in the trading chart, and more in Forex market when this market it's very manipulative. Now, to enter in the deep analysis, in H4 timeframe I draw the fibonacci level and CAD touch the 0.382% and make support as we see in H1 timeframe in the price action what happen now. Also for reference, I have a plan to update my previously par EUR/JPY what I made an analsyis that this could to happen when reach the 0.382% to take in note in Euro/Yen Japanese to predict their future to know what will happen with precision. Also, this it's the Daily timeframe and I draw too a fibonacci and we have that CAD reached the 0.382% with chance to buy in that zone to watch in H1 timeframe. Good luck in this posiiton, I will open when the market making the open the doors to put a buy market in the price and SL to $0.7508 CHF (23 pips) and potential target to hit $0.7621 CHF (90 pips) what I look a chance of Fibonacci confluence to entry in the best and perfect zone to buy
Long
by harisonhbn9718
6
GBPCHF Local Long Welcome back! Here's an analysis of this pair! **GBPCHF - buyers have been in control, however sellers came in and pushed the price from 2440 area. Price is now rejecting off strong support and sitting at the 50 MA on daily. I expect a local long correction to .38 or .50 % fib which is strong previous support/resistance 2330-50. 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
EUR/GBP: Manipulation key to watchEuro/Great Britain Pound show us a good point that you would need to know for possible long position that I feel. To know more deep, in H1 we forming a little symmetric triangle flag, but that generally could be reversal as continuation of the trend. But you would need to pay attention the key point in H4 and Daily timeframe that I will enfocous in these analysis here. In H4 I mark by yellows circle the exaclty point that you must to watch and also I draw a finite red line that you can to understand it how this manipulation work. And finally, this it's my Daily analyssi that I show you fundamentally the key point to look. So, Euro could to hit 0.8384 GBP as chance to find up good position but I prefer to take profit in my exactly red line target to 0.8365 GBP. Also, I see a long position right now as that it's key manipulation to watch. I entry around 0.8284 GBP and SL to 0.8260 GBP (24 pips) and target to 0.8365 GBP (81 pips)
Long
by harisonhbn9718
SPX: Hit our target today! What's next?Hello traders and investors! Let’s see how the SPX is doing today! In the 1h chart, we see the beginning of a bullish reaction, as the index finally broke the 4,456 area, which was the most important resistance for the short/mid-term. Today, the index hit its first target at 4,481 by filling the gap, and now it is losing strength, as expected after hitting a resistance. We set this target on my analysis on April 14, as you can check on the link below this post, when the index was looking like this: Now we have two support levels for the short-term: The first one is the 4,456 again, and the other one is the 21 ema. The daily chart reinforces the idea that the index is in early stages of reversal, as it is breaking the 21 ema and the 38.2% retracement as well. Yesterday we had a nice bar, and the volume was good (not great, just good). After movements like this, it is normal to see corrections that could last for one day or two, but the index must not lose the 4,400, otherwise, it’ll frustrate the reversal patterns it is building and it could resume the bear trend again. For now, the situation seems under control, and the index is behaving according to the technique. Our next resistance is at 4,521. I’ll keep you guys updated every day on this, so remember to follow me to not miss any of my future analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
AAPL: Will it finally FLY again? Let's see.Hello traders and investors! Let’s see how AAPL is doing today! In the 1h chart, the trend is clearly bearish and we don’t see any bullish reversal structure so far. However, if it breaks the 21 ema along with the resistance at $ 166, it might be the beginning of a reversal. If AAPL confirms a reversal sign, the next gap at $ 174 will be our next target. This reaction is important because AAPL just hit its 50% retracement, even losing this point for a brief moment, which might indicate a bear trap after a false breakout. The gap at $ 174 is seen in the daily chart too (yellow square), but we have a resistance area near the 38.2% retracement and the 21 ema (around $ 168 - $ 169). It is expected to see AAPL struggling at this area in the short-term. So far, we see these good signs, and no clear bearish structure indicating a continuation of the bear trend. Only if we lose the 50% retracement again I believe AAPL will seek lower levels. For now, everything is going according to the plan. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
1
SPX: This could trigger a REVERSAL!Hello traders and investors! Let’s see how the SPX is doing today! The index is reacting nicely today, after what seems to be a false breakout from the previous support level, and a bear trap. This is expected, as we still are in our “danger zone”, and now the sellers are being squeezed. The 4,456 is still the most important resistance for us, and as long as we remain below this price level, the trend won’t reverse for good. But I agree that today’s reaction was good, and just in time, since the index is dancing around its support level in the daily chart: The index did a false breakout from the 4,400 (March’s Top and the 50% retracement), another sign of a bear trap, and it is heading to the next resistance. The 4,456 is the most important resistance seen in the 1h chart, but in the chart we see the 21 ema at 4,453 and the 38.2% retracement at 4,458. Clearly, the area around 4,450s is not going to be easy, and this is the area the index needs to break in order to fly again. For now, we see the beginning of a good reaction, but it is too soon to tell if it’ll reverse or not. Either way, I’ll keep you guys updated on this, so remember to follow me to not miss any of my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
BTC outlook for 19 April 2022. BTC has reject my support level perfectly yesterday before pushing back above the 40k level. Here is what I am looking for today: 1) BTC to form a good resistance level on the smaller timeframes (4h and 1h). 2) BTC to break above and close above the formed resistance and keep pushing until the daily flips bullish. 3) A break above 41,6k will be a great bullish indicator for further continuation. We wanted the bulls to step up this week and having done exactly that earlier than expected I would like to see them take this momentum and push BTC back towards the next weekly resistance around 42,4k.
Long
by WickFillerDude