Get started

Trendanalysisexplained

EURUSD I Daily Chart Analysis & How to Trade It This WeekWelcome back! Let me know your thoughts in the comments! ** EURUSD Analysis - 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!
Short
by BKTradingAcademy
2
Daily BTC 1DChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the blue lines to mark the local uptrend channel that the price has left the bottom. However, after marking the uptrend line, we see that the price has rebounded from it in the current correction. Now we can move on to marking the places of support in the event of a correction. And here we have the first very strong support at the so-called Fib golden point at $19,221, however, when we fall below this support, we can see a drop to around $17,577. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. First resistance at $20895, second resistance at $21747, third resistance at $22401, then a very strong resistance zone from $23086 to $24029. When we turn on the EMA Cross 10 and 30, we see where the moving averages intersect and the downtrend begins. Please pay attention to the CHOP index which indicates that the energy has been used, the MACD indicator confirms the ongoing uptrend, while the RSI shows that the indicator has fallen below the lower limit, which may potentially be the end of the correction.
by cryptodailyuk
SPX: At the bottom of a Descending Channel.• The index crashed again yesterday, and it lost the support at 3,949, and hit the bottom of its Descending Channel; • What’s more, the 21 ema did a good job holding the price, as it worked as a resistance yesterday; • Now that the index is in a support level, a bullish reaction is plausible; • If the SPX confirms a bottom in this support area, it might indicate that it’ll look for its resistances again. Ideally, it will seek the upper trend line of its channel; • Since the trend is bearish, a bullish reaction should be considered a bounce. In order to reverse the bearish bias, we must see a bullish reversal structure. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
1
SPX: The Beginning of a Dead Cat Bounce.• The SPX stabilized yesterday, but this move isn’t enough to stop the bearish sentiment; • In the 1h chart, the index remains bearish, as it is below the 21 ema and there’s no bullish reversal structure around; • In the daily chart, yesterday’s candlestick was positive, but yesterday's reaction was very weak, and it didn’t occur near a support level; • Even if the index bounces, there’s the 21 ema in the daily chart to work as a resistance, and it would be very hard to completely reject Tuesday’s drop - a.k.a. Dead Cat Bounce; • Technically speaking, it seems the index is poised to seek lower levels, the next technical support is at 3,949; • In order to avoid this bearish continuation, the index would have to do a very good bullish reaction as soon as possible – so far, no bullish reaction at all. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
1
TSLA: Triggered a Very Powerful Bearish Reversal Pattern.• TSLA lost its key support at $187, and it triggered a H&S chart pattern in the daily chart; • In the 1h chart, it failed in breaking its resistances, and the bias is clearly bearish, as it is doing nothing but lower highs/lows; • Even if TSLA does a bullish reaction, it would have to face multiple resistances, making a bullish thesis more unlikely; • First, in the 1h chart, there are the 21 ema and the purple trend line connecting the previous tops; • The $187 is a key point visible in both, 1h and D charts (it is the neckline of the H&S pattern in the daily chart); • In the daily chart, there’s the 21 ema, which TSLA for the first time since January; • In order to reject this bearish thesis, TSLA would have to do an amazing reaction, breaking all these resistances – so far, there’s no such reaction; • Keep in mind that TSLA just triggered an H&S chart pattern in the daily chart, and a pullback to the next resistance area is plausible. According to Bulkowski, H&S patterns have a pullback ratio of 68% (Encyclopedia of Chart Patterns); • I’ll keep you updated on this every day. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
14
SPX: This is a Critical Support Level.• The SPX triggered our Shooting Star candlestick pattern, confirming a top sign and it started its correction; • In the 1h chart, it lost the 21 ema, along with the first two Fibonacci’s Retracements; • Although the 50% did work momentarily as a support level, the momentum was so powerful that a few hours later, we broke the 50% retracement and found a support at the 61.8%; • Now it seems the index is stabilizing in this area, however, there’s no clear bottom sign on it yet; • In order to avoid a bearish continuation to the 3,949, our next support seen in the daily chart, the index would have to do a very good reaction above the 61.8% retracement, closing above the 4k again; • So far, there’s no clear bullish reaction. Let’s see how it’ll react today. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
COROMANDEL FORMS NEW HH and HL !!!1Hello to everyone As we can see on the chart the stock was trading in downtrend and has seen a sharp decline in the price. Stock continuously formed LH and LL , which confirms that price was trading in downtrend as per the Dow Theory , But this time the price has formed a higher low instead of making lower low, which indicates that the downtrend of the price has ended and now the trend reversal can happen in the price and price can go upside in next coming trading sessions. The upper targets of price are 970---1008--1055. #COROMANDEL 📊 👉Ascending Parallel Channel Breakout 👉Retasted at upper parallel line 👉Price Made First HH and HL 👉Bullish Structure 👉Trend reversal after long decline period 👉Support 880/883 👉Targets --971/1008/1057 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
NSE:COROMANDELLong
by Jha_Nidhi
TSLA: Dangerous Reaction in a "No Man's Land".• TSLA did a Bearish Engulfing candlestick pattern yesterday, and it is back to its 21 ema area; • If TSLA loses this 21 ema, it could seek the next support at $187 again; • TSLA is still in a congestion, and only a breakout of the $187 would reverse the bullish sentiment; • On the other hand, it has to break the previous resistance at $214 in order to trigger this Bullish Flag and seek higher levels; • So far, TSLA is in a ”no man’s land”, and any reaction inside this congestion shouldn’t be taken too seriously; • What if TSLA loses the $187? Then the next target would be the gap around $146; • TSLA is dangerously close to its support level, and the way it reacts in this area might dictate if we’ll see a downwards breakout or a bullish continuation to the resistance at $214. Either way, we’ll have our answer soon. I'll keep you updated every day on this. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
XAU NEAR FUTURE ANALYSIS (4H Chart)Technical Analysis Summary XAU/USD TREND ANALYSIS We have 1 UoTrend in Green (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). White trend is a trend broken that was in my last publication. FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White Levels are levels that represent tight stoplosses or support and ressitance levels from the past to show old publications. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
OANDA:XAUUSD
by husseindergham
TSLA: Top Sign Under a Resistance?• TSLA is trying to retest the previous resistance level at $214, but it seems to be losing steam this morning; • The problem is that TSLA is inside a congestion, and any bearish signal around $214 may indicate that it will correct back to its support level - probably the 21 ema; • In order to regain bullish sentiment, TSLA must do a clear breakout of the $214 resistance. In this scenario, the next target would be $237; • On the other hand, TSLA would have to trigger a clear bearish reversal structure, and lose all its key support levels (21 ema, $187 and $182.50) in order to completely reverse bullish sentiment; • For now, it is just congestion. Let's pay attention to the $214 resistance. I will keep you updated. • Remember to follow me to stay in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
1
EURNZD Things can change in a weekIt’s amazing how things can change in a week. Last week I was looking to buy EURNZD around 1.69450. The deeper retracment trade would have given me an a 1:2 risk to reward trade. This morning price made a new high. After updating my chart( just adding a note there has been a new high(1.70615)so now I can focus on a new buy entry price) I have another chance to trade a 1 to 2.27 risk to reward trade based on the daily timeframe. I also have an opportunity to grab more pips on a lower timeframe. Keeping it simple When price is in an uptrend(bull volatile as this one) it’s best to not switch strategies. Trade what’s working. I’m trading my TMP strategy using a Fibonacci to help me get more than a 1:2 risk to reward. That’s it. No indicators. No trend lines. Just price in the form of candlesticks and a Fibonacci tool. Simple. That’s what keeps the market fascinating. You never know when things will change. It’s a beautiful yet chaotic puzzle. Wouldn’t you agree? Today I’ll be live-streaming at 1:00 pm est. I hope you can join me. I’ll see you there. Shaquan
Long
by ShaquanLopez
USDJPY Long Term Analysis (4H Chart)Technical Analysis Summary USDJPY TREND ANALYSIS We have 1 Uptrend in green color Internal Trend (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White levels Levels are very tight stop losses that could be used in high leverage future trading. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice
by husseindergham
SPX: The Beginning of a Dead Cat Bounce.• The SPX is reacting today, as it is trying to break yesterday’s high and the resistance at 4,015 (red line); • If it stays above this area, the index might bounce again, and retest the next resistance area around 4,060; • The 4,060 was a previous support level, and it is where the 21 ema is right now, making this a dual-resistance area in the daily chart; • As long as the index remains below these resistances the bearish bias will persist, and any bounce could be just a Dead Cat Bounce; • In order for the index to reverse the bearish sentiment, it is important to see clear bullish reversal structures, and so far, there’s none. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
7
TSLA: Bullish Reaction Inside a Trap Zone.• TSLA broke yesterday’s high, which was a Hammer candlestick pattern, and it is trying to react this morning; • The stock has been correcting since it hit the $214 area, but it is still above its key support levels; • TSLA could easily climb to the $214 again, but only a true breakout would make it resume the bullish bias again; • The area around $180s is a triple support level, made by: 1) 21 ema; 2) $187 (previous bottom, trigger point of a Double Top pattern); and 3) $182.50 (previous resistance/support); • As long as TSLA remains in the area between the resistance at $214 and the triple support area, nothing meaningful will happen, and probably we'll just see erratic movements. This is why it is called Trap Zone. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
SPX: Bullish Rejection Structure.• The SPX is doing a bearish reversal structure, as it lost our two main support levels: The 21 ema and the 4,060; • Last Friday it tried to react, as it did a Dragonfly Doji, just above the 21 ema – However, today’s reaction rejects this bullish attempt completely; • Now it seems the SPX is seeking the next support, at 4,015; • Since the index lost the 21 ema, and it did a lower high/low, the mid-term bias is bearish again. Only a very good bullish pattern, followed by a bullish reversal structure would put an end to this bearish sentiment; • So far, there’s no such sign, but let’s keep our eyes open around the 4,015 area. 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
2
TSLA: Trapped in a "No Man's Land".• TSLA is stabilizing today, after Friday’s bullish reaction; • Since TSLA failed in breaking the $214, and it did a top sign last week, it is just showing signs of weakness, however, the bias is still bullish; • The trend is still bullish as TSLA have yet to trigger a lower high/low pattern and it is still above the 21 ema; • The fact it did a double top at $214 might indicate a possible Double Top chart pattern, which is a bearish reversal structure, but TSLA didn’t trigger this pattern yet – it has to lose the $187 in order to technically trigger this Double Top; • Either way, it seems TSLA would have to break the $214 in order to resume the bull trend. For now, it seems this is just a sideways correction, trapped in a "no man's land", between its key resistance at $214, and its multiple support levels like the $187 or the 21 ema. • I’ll keep you updated every day on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
7
TSLA: Trading at a Critical Level.• TSLA is still trending, and as of yesterday, there’s no top sign on it yet; • It is breaking the previous resistance at $214, which is a bullish sign indicating a continuation of this rally, but TSLA must stay above the $214 today, otherwise, it might lose momentum, and the market might see it as a false breakout. We'll have our answer today; • I see many comments on a Double Top, but in order for this to happen, we must see TSLA dropping fast, and losing the previous bottom at $187 in one single bearish leg in order to technically trigger a Double Top, and reverse the bullish sentiment; • Either way, let’s pay attention to how TSLA will react today, since it seems we are breaking the $214 resistance. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
SPX: This Channel Might Change the Trend.• SPX is inside a Descending Channel, as seen in the 1h chart; • Despite the bearish momentum in the 1h chart, the trend is still bullish in the daily chart, as the SPX is still doing higher highs/lows and it is above the 21 ema; • However, if it loses the 21 ema, or does a downwards breakout from this channel, then the bullish bias might reverse in the daily chart (mid-term trend); • On the other hand, the index would have to do a clear upwards breakout from this channel in order to materialize a bullish continuation pattern; • This bullish scenario would take us to 4,218, our next target, and an open gap from August last year; • For now, let’s pay attention on how the index will react inside this channel. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
SPX: Lost a Key Support. What's Next?• The SPX lost our key support at 4,100, and it did a correction to its next technical support, the 21 ema; • Now, it seems we have a bullish reaction above the 21 ema, however, this reaction wasn’t that good; • The bias is still bullish, as the index is still above the 21 ema, but would be important to see a more powerful reaction, preferably, closing above the 4,100 again; • Only if the index loses its 21 ema we would see a rejection of this bullish bias, and in this scenario, the next support would be the 4,015 (red line); • For now, let’s pay attention to the 21 ema and to the 4,100 area. 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
2
TSLA: Did a Top Signal.• TSLA is doing a top sign, and it is showing some weakness; • Since TSLA is losing the $200, and it did a top sign, the next technical stop is the $182; • The last 3 candlesticks form what appears to be an Evening Doji Star, which according to Bulkowski’s studies, works as a bearish reversal 71% of the time; • Therefore, a correction wouldn’t be surprising, especially when we realize how far TSLA is from its 21 ema right now. The mid-term bias is still bullish, despite the possible correction. In this scenario, any bullish reaction above a clear support (the $182, or even the 21 ema) would be just an opportunity to buy, as the bias would still be bullish, and the Risk/Reward Ratio would be very good; • I’ll keep you updated every day on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
GBPUSD Long Term Analsis (4H Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 1 Downtrend in red color (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White Levels are stop losses or levels and trends that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham