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Trend Lines

Gold is gradually filling the upper wedgeGold is gradually filling the upper wedge Next week we wait for gold to react in the 1970-1980 price range and sell off to 1890 Note: No fomo buy at the moment Even if DXY falls deeply, Gold can fall with DXY Historically, gold wants to go up in the long run, it needs to converge many factors. 1. create wedges 2. make 2 or 3 bottoms 3. recovery between fibo zone 0.382 & 0.5 4. we replace the first day of May with one big event, which is the BRICS summit If this scenario is correct, we can buy strongly and hold for 1-2 years Expected buying price range Buy limit 1880-1890 SL 1870 TP 2180 TP2 2500 TP3 2800 Currently I am holding gold at the price 1900-1910 already have 500pip profit, I was close 1/3 profit, and wait until 1975 to close another 1/3 and move sl entry. See more related ideas below 👇 👇 👇
OANDA:XAUUSDLong
by EricGoldHunter
4
SIEMENS:NSE PRICE ACTION 52W HIGH DTF SWINGSIEMENS Analysis DTF Chart Pattern : STOCK has recently TOUCHED its ATH of 7968 with 8 month Bull run . FIBO Retracement bounce back from 61% FOBO and now hovering between 23 to38% indicating a Bullish continuation INDICATORS EMA : The Price is Currently Trading below 20EMA, and 20EM crossed above 50EMA in DTF. STOCK EMAs are currently aligned in a ascending order 200 to 20 indicating a bullish Trend on DTF/WTF. FIBO E : After the Bounce back 61% FIBO Retracement Level, Price is currently trading near the 23.6% FIBO Retracement level of 6640 on DTF Impulse uptrend with ChoCH at 7260 on DTF Volumes: are currently flat for the past few weeks.. TRADE PLAN ENTRY -above 7270 50% qty ADD 50% above 7950 DTF close SL -7100 TARGET --01-9400 Hold For a 3-6months Keep in your Priority Watch List Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk Apetite. Trail Your SL progressively. Wait for Retest after any Breakout in higher Timeframe Learn/Know and Review the Stock trading Technical Terminology. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. MTFA- Multiple Time Frame Analysis DTF -Daily Time Frame WTF-Weekly Time Frame MTF- Monthly Time Frame ATH-All Time High RBC&H-Rounding Bottom Cup/Handle BO- Breakout Close EMA -Exponential Moving Average FIBO R/E -Trend based Fibonacci Retracement/Extension SL Stop Loss TBD- To be Decided CHoCH- Change of Character Bullish/Bearish MSB/BOS -Break Out Structure SWING/POSITIONAL Trade
NSE:SIEMENSLong
by billpramod
1
BTC expectation (1W 1D 1H) (Support & Resistance, Trend) In my previous post on BTC, I viewed the current downtrend as a temporary pullback before the USD presidential election. We now have limited time left before the election and the upcoming week is going to be very important. Although the election takes place on the 4th, results may take several days, with the vote-counting pace varying state to state. This might lead to significant volatility during this period. I do technical analysis but I also respect the fundamental analysis - we cannot overlook events like the election outcome. ✔ The price remains above the resistance line of the weekly downtrend, giving us expectation of a continued uptrend. ✔ In the hourly chart, I expected the pullback to reach as low as 67.3k where the purple arrow points. The pullback was not as aggressive as it could've been so we unfortunately missed that opportunity. 69.3k line has been resilient for the last few days but eventually failed to hold the pullback longer. The price is currently in the 68 - 69k zone which is crucial. 💡 I think there are 5 scenarios we can expect: 1. The price may move up again from here with 68 - 69k zone acting as a support zone. The aggressive dip did stop as soon as it reached 68k. However, I find this approach risky because it's just an assumption based on the zone - price does not always respect key zones & levels. While more price actions in the past indicate the higher chances it might, but it is never a guarantee. (If it was, we would all be a billionaire.) We should always react rather than predict and only trade when we see a confirmation. And even then, there's always a chance of still being wrong. 2. The price may dip further down to 67.2 - 67.3k, which in my opinion, is much more reliable level than 68 - 69k. This level aligns with the resistance line of the weekly downtrend. If we can confirm a reversal here, I think it would make a great sign of a bull run. If it does not, however, probability of an uptrend drops significantly. 3. The price may react around 67.3k (if it ever reaches it), but might end up continue dropping to 65.3k. While a reversal here could be a good entry opportunity, it would be less reliable than the previous one. 4. This is our last chance to hope for a reversal. If we confirm a reversal in 63.1k, we might enter for LONG. However, if the price ever drops to this level, I wouldn't put much hope. 5. This is the last scenario - unlike the above four, this one is scenario of BTC failing to keep up the uptrend and switching back to the downtrend. If the price reaches below the last trendline, likelihood of it reversing becomes very low. ✔ Conclusion So what is the best scenario among the five for us? In my opinion, it is scenario 2 because it proves that the resistance line of the weekly downtrend now acts as a support. This trend line is more important than any other lines in the chart. If the price falls below this line, our chance of seeing an uptrend becomes lower. I am not saying it becomes impossible because there's never a 100% guarantee in this market - but the chances are so low and risks are too high that I wouldn't bet on it as a disciplined trader. We should always stay disciplined and manage risks. Few successful gambles may give you a temporal gain, but will eventually drag you down in long term. Avoid making assumptions based on key levels - they aren't respected every time. Always trade after confirming the reversal because we never know what happens. React, not predict.
Long
by QJEEE
MAZDOCK NSE BULLISH FLAG DTF/WTF 3.5M BO Soon. POSITIONAL TRADEMAZDOCK STOCK Analysis TRADE PLAN ENTRY -4518 50% Qty, Add 50% qty 4925 DTF Close SL -3970 TARGET --01-5800 , TGT02--7600 Hold For a 1-2 Year or TGT 2 Chart Pattern : STOCK had a 3Month Streak to Touch an ATH of 5860, Retracing in Equal time to 50% FIBO Level forming a Bullish Flag Pattern. INDICATORS EMA : The Price is Currently Trading above 50EMA, and 20EMa below 50EMA in DTF. STOCK EMAs are currently in Transitional stage of alignment where today an 8%+ price rise with Volumes indicating start of a bullish Trend on DTF/WTF. FIBO E : Currently the price is below 50% FIBO Retracement Level, Early Entry can be take as per your risk ability. Safe Traders Enter above 4925. Volumes: There is a uptrend in Volume on the Weekly Charts for1 Weeks after the 14 weeks Pullback. Keep in your Priority Watch List Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk apetite (Exit when price closes 7to8% below your Entry). Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended. MTFA- Multiple Time Frame Analysis DTF -Daily Time Frame WTF-Weekly Time Frame MTF- Monthly Time Frame ATH-All Time High LTH -LifeTime High RBC&H-Rounding Bottom Cup/Handle BO- Breakout Close EMA -Exponential Moving Average FIBO R/E -Trend based Fibonacci Retracement/Extension SL Stop Loss TBD- To be Decided CHoCH- Change of Character Bullish/Bearish MSB/BOS -Break Out Structure FVG Fair Value Gap 20VMA -20Volume Moving Average SWING/POSITIONAL Trade
NSE:MAZDOCKLong
by billpramod
2
Alikze »» FTM | Triple Top - 4H🔍 Technical analysis: Triple Top - 4H - In the analysis presented in the weekly time frame , after the formation of a reversal top pattern, the first target and the 1.272 Fibo area were touched. After that, it faced a selling pressure in the Fibo area of ​​1.272. - Further on in the daily analysis , it was pointed out that due to the selling pressure in the middle of the ascending channel, it can face the demand again with the pullback to the broken structure and the Buyer Zone, otherwise, with the continuation of the selling pressure, it can reach the bottom of the ascending channel. also touch - But in the 4-hour time frame, due to a triple top pattern in the Fibo range of 1.272, it faced selling pressure and has led to the continuation of the correction to the bottom of the ascending channel in the 4-hour time frame. - According to the behavior and structure, it can make a modification to the Order Block area with pullback to the red box area. 💎 In addition, in case of selling pressure, correction can continue up to the 0.3906 area, and in case of demand, it can increase to the 0.62 area. 💎 In addition, if it can break the red box area, it can retest the middle range of the channel and Fibo 1.272. »»»«««»»»«««»»»««« 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. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:FTMUSDT
Short
by alikze
USDCAD Elliott Wave Analysishello friends In the USDCAD currency pair, we see the formation of a 5-wave Elliott pattern. This clear pattern consists of 5 waves. Only wave 5 has many details and wave 3 is stretched. Wave 5 has formed an ascending channel, and when this channel is broken and a pullback is placed on it, you can enter into a sell transaction. The confirmation of this theory is the divergence between waves 3 and 5, and this divergence can also be seen between the microwaves of wave 5. To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
Short
by M_Gheysvandi
Trend Line Strategy - Swing TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Trend Line Strategy. Stock has Taken Support on Trend line. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think.
NSE:UNIVASTU
by AnsariTV
NIFTY50.....Higher Volatility expected!Hello Traders, The NIFTY50 is more or less trading in a sideways range between 24073 and 24500. It has not reached the descending trend line (blue) drawn on the chart. It needs to break this line to the upside in order to bring fresh buying interest into the market and break the gray trend line around the 246xx area. Depending on if and when this happens, the next resistance is the 24850 area (red line)! As you can see, a lot of resistance ahead! On the downside, a break of 24073 (hourly close at least) opens the door to further selling pressure, probably to the 23400 area. The wave count remains unchanged and will be updated in the coming days. Expect more and "higher" volatility in the coming days due to the US vote! I recommend staying out of the market until Wednesday to get a clearer view. No one knows what the reaction in the US will be to the vote! Have a nice weekend..... Ruebennase Please ask or comment as appropriate. Trading based on this analysis is at your own risk.
NSE:NIFTY
by ruebennase
4
Alikze »» BTC | Ascending channel🔍 Technical analysis: Selling pressure at the ceiling of the ascending channel and the supply area According to the analysis presented in the 8-hour time frame, Bitcoin is moving in an upward channel. - In the predicted movement path of the previous post, after a temporary correction to the green box range, Bitcoin managed to continue its growth to the ceiling of the ascending channel and the supply area. - At present, sales pressure has been faced in the area of ​​the channel roof and the supply area. 💎Therefore, it can have a correction to the green box area with a pullback to the supply area or the middle of the second ascending channel. 💹 The support and demand area ranges from $64,062 to $65,625. ⚠️In addition, if it can break the supply zone, it can retest the previous major ceiling.⚠️ »»»«««»»»«««»»»««« 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. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« MEXC:BTCUSDT
Short
by alikze
The Rocket Booster Strategy Boosted Part 2Trying to find a pattern to trade has been a challenge..and so in this video i show you the rocket booster strategy boosted. - First, you need to make sure you do not trade flat markets.. This is a mistake I have made a lot. - Second, you need to increase the amount of volume you are trading because in the stock market the traffic can get stuck. - Third try your best not to trade low-volume stocks this is also something I was very fond of doing Because I was so good at technical analysis I never understand the power of volume - Lastly, you need to create a combination of trading systems That will help you identify the best swing trading Opportunities In this video we are using the following indicators: 1-Volume 2-Rate Of Change 3-Moving Averages Creating a system with a combination of these indicators should help you build a strong trading system - And trading strategy Watch this video to learn more. - Disclaimer:Trading is risky you will lose money wether you like it or not please learn risk management and profit taking strategies.
NYSE:MALong
by lubosi
BTC update (bullish)BTC is now ranging in a bullish consolidation above key levels. I have added what I see to be a new horizonal channel, these are much more reliable than diagonals . The blue moving average is a key touch zone and should slowly move to trend. This stochastic slowing is important for cycle continuation, if you look at the monthly chart the reset is helpful. We are right there, all time highs are within reach. Statistically during an election year and halving year, BTC finds the November low within the first few days, we may have already seen it. I am only bearish on a weekly candle body closure back into the long term broadening wedge. Setup: Selling puts on coin,Bitx,mstr or any miners is likely to print in the coming weeks Long term call buys are likely great too and LEAPS I want to see the purple momentum trend line tested around 80k
BINANCE:BTCUSDLong
by Apollo_21mil