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EURUSD - Shorting Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈As per my last analysis, attached on the chart, EURUSD rejected the upper bound of the rising blue channel. Currently, EURUSD is retesting that trendline again! Moreover, the zone marked in green is a strong resistance zone. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the resistance zone in green and upper blue trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #EURUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
14
Looking for reversal in DXY under 102.2 zone(8/5/2024)In our last analysis, our prediction played well, the DXY corrected to 103.7, and after NFP data reached 102.7. With the fear of recession and NFP data, We are expecting DXY to retest the 102 zones. Our technical view has been shown in the chart. If you like it then Support us by liking, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
TVC:DXYShort
by fortunamarkets
47k Coming for Bitcoin?$Bitcoin #CME 1D chart; The gap formed by the opening last week has not yet been filled. I think the rise will not start before this place is filled. The Bat Harmonic structure, which is also formed in the current structure, points us to $ 47k levels. It is difficult to say anything clear if it will come true. However, we should not forget that this possibility also exists. Bitcoin had received an upward reaction with the support it received with its last visit to the IMB level. However, as can be seen, it has not yet made any contact with the IMB zone at $ 47k levels. It doesn't always touch these areas, of course, but why not:)
CME:BTC1!Short
by ugurtash
US500 - Decision Zone!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. US500 has been overall bullish trading within the rising channel marked in red. This week, US500 is in a correction phase and it is currently retesting the lower red trendline. 📈As long as the last low marked in red holds, we expect a bullish continuation. 📉 In parallel, if the last low in red is broken downward, a deeper correction towards the lower orange trendline and zone would be expected. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
CAPITALCOM:US500
by TheSignalyst
1
US30 /Critical Levels & Volume Signal Potential Bullish Breakout Technical Weekly Analysis: US30 (Dow Jones Industrial Average) A Short Outlook on the Previous Movement: The US30 has experienced a strong bullish trend, characterized by an ascending trend line that began around early 2023. The price saw significant gains until it reached a resistance level near 40,970.0, where it faced some consolidation and pullbacks. Recently, the price has been trading within a defined range, testing both support and resistance zones. Current Outlook: The current price of US30 is around 39,218.5, positioned near a critical pivot zone. The market is showing mixed signals, with potential for both bullish and bearish movements depending on the price action around key levels. Bullish Scenario: Key Trigger: A break and sustained move above 40,005.0. Targets: The immediate target would be the yearly resistance zone at 43,040.0. Confirmation: The breakout above 39,575, along with strong buying volume, would confirm the bullish continuation towards 40,005 and potentially higher. Bearish Scenario: Key Trigger: A failure to break above the pivot zone and a decline below the demand zone at 38,700.0. Targets: The price could drop towards the strong support zone at 36,460.0, and further down to 34,430.0 if bearish momentum continues. Confirmation: Sustained selling pressure and a close below 38,700 would confirm the bearish outlook. Key Levels: Pivot Line: 39,218.5 Resistance Levels: 40,005.0, 40,970.0, 43,040.0 (Yearly Resistance Zone) Support Levels: 38,700.0 (Demand Zone), 36,460.0 (Strong Support Zone & Breakout), 34,430.0 Expecting Weekly Range Movement: - The anticipated weekly range is between the support at 38,700.0 and the resistance at 40,970.0. A breakout in either direction would define the next significant move. Preferred Direction: - Given the strong historical bullish trend and the proximity to the pivot zone, the preferred direction leans towards bullish if the price can break and sustain above 40,005.0. However, caution is advised as the market could still face significant resistance. Summary: The US30 is currently at a critical juncture. A breakout above 40,005.0 would confirm a bullish continuation towards the yearly resistance zone at 43,040.0, while a failure to break this level and a decline below 38,700.0 would signal a bearish move towards 36,460.0 and potentially 34,430.0. Traders should closely monitor the price action around these key levels to determine the next major trend.
OANDA:US30USDLong
by SroshMayi
NASDAQ - What do I expect?Hey Guys, the Quarterly and Yearly Chart are Bullish. The Monthly is showing 5 waves - could mean that some traders are willing to take some profits because they expect an ABC - Wave Correction from here. However, a Fifth Wave extension is not that unlikely because the third has not been extended. in simple words: We might see a bit of a correction - or we will see a straight continuation -break above and retest the Highs - but I guess many will be happy taking a bit of profit here, thinking about the upcoming election in the USA - a bit of Consolidation would be expected at least thats what I am thinking… Either Way - I will be cautious during the next week as it might indicate what Q3 will look like. Thank you for reading…
TVC:NDQLong
by MeruEU
1
Moderna - Correction Almost Done!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 MRNA has been overall bullish , trading above the trendline marked in blue. Currently, MRNA is undergoing a correction phase in the shape of a falling channel. Moreover, it is retesting massive support zone in green. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower blue/red trendlines acting as non-horizontal support. 📚 As per my trading style: As #MRNA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:MRNALong
by TheSignalyst
US30 Bullish Trend with Key Support at 38,790Technical Analysis: US30 The price trend for US30 is currently bullish, targeting 39,050 as long as it remains above 38,790. There is also the possibility of a price correction down to 38,790. Bullish Scenario: As long as the price trades above 38,790, it will likely push up to 39,050. Bearish Scenario: If the price breaks below the support level at 38,790, it could decline to 38,580. Sustained trading below this level may result in a further drop to 38,400. Key Levels: - Pivot Line: 38,790 - Resistance Levels: 39050, 39350, 39700 - Support Levels: 38580, 38400, 38290 Today's Expected Range: The price is expected to move between the support level at 38,790 and the resistance level at 39,050. In summary, maintaining a position above 38,790 supports a bullish outlook with higher resistance targets, while trading below this level indicates potential bearish movement towards lower support zones.
OANDA:US30USDLong
by SroshMayi
USNAS100 (Falling Pressure...)Technical Analysis The price dropped by approximately 1.30%, as mentioned in the previous analysis. Currently, the price will trade between 18,435 and 18,550 until a breakout occurs. Bearish Scenario: Stability below 18,435 will likely lead to a drop towards 18,250. Bullish Scenario: The price must break above 18,550 and stabilize to reach 18,650 and 18,735. The Nasdaq continues to experience bearish pressure. Pivot Line: 18500 Resistance Levels: 18650, 18735, 18820 Support Levels: 18340, 18250, 18110 Today's range is expected to be between the support at 18230 and the resistance at 18650. previous idea:
OANDA:NAS100USDShort
by SroshMayi
Could US30 bounce from here?Price is falling towards a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 38,606.09 Why we like it: There is an overlap support level which lines up with the 61.8% Fibonacci retracement. Stop loss: 38,120.14 Why we like it: There is a pullback support level which is slightly below the 78.6% Fibonacci retracement. Take profit: 39,072.18 Why we like it: There is an overlap resistance level which aligns with the 23.6% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:DJ30Long
by VantageMarkets
DXY - Are You Ready?📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 DXY has been overall bullish trading within the rising channel marked in red. Currently, it is undergoing a correction phase, and approaching the lower bound of the channel. Moreover, it is retesting a strong demand zone highlighted in orange. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the orange demand and lower red trendline. 📚 As per my trading style: As #DXY is hovering around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:DXYLong
by TheSignalyst
3
ETH - It is Happening! 🦋Hello TradingView Family / Fellow Traders, As per my last analysis, shown in the attached chart, ETH rejected the $3000 round number and surged by over 20%. What's next? 📈As long as the $3500 round number holds, we expect a continuation towards the previous all-time high of around $4800. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! And always remember: All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
US30For now it is to watch and let effect take as to what will happen. We don't predict the market but we forecast from signs of the market and we build ideas on that, then according to our plans we set out to make the most we can. Hear we have different highs and probably why the sell off has not began. But we know that we are in a correction of a bearish leg. This gives perspective on to the longer term view and what to expect long term. 39035 - 39040 is our target and what price does here will explain what we do next.
PEPPERSTONE:US30
by Mhangwane1
NASDAQ100 - US MARKETS UPDATEInvesting isn't always that easy, heh? Especially in Bear Markets, the market circumstances seem to trick one into thinking, that the next bull run will happen soon. The Bull is climbing up the stairway and it takes a while, whereas the bear jumps out of the window. Looking at YTD 32.88% decline as of 27.06.2022 in the US TECH 100 is one of the worst Q1 and Q2 in the history of US markets. Inflation is at 8,6% in the United States (10.06.2022) and around 7.5% in Europe. The western world faces a huge backlash after rising the interest charges by 0.75 percentage-points to a range between 1.5%-1.75%. Covid-19 is still around and has sluggished the world economy and growth view for the past two years. Facing climate change may be one of, if not the biggest threat of the 21. century and the Ukraine conflict does not make it look better at all:- ) All the Quantitative Easing and Printing money have led to massive inflation all over the place. The only real solution is to simply "produce more". Sounds easier than it's done, with a view to collapsed supply chains. Chart: RSI is at lows forming a triangle, indecision. 200MA is a good trivial indicator to get a minimum idea of the AVERAGE price of this derivate. I think a retest of 14.500 is in play, after which the bear market could continue. I think we have not seen the bottom here, since the real sell-off hasn't happened yet. Being liquid in dangerous times is the best thing you can do and is actually the only way to really make some money. So, catching a falling knife is always a risky thing to do, but if you catch it, this could change your life. These kinds of opportunities are not that often in life, maybe once in a lifetime or once every one or two decades. The NASDAQ doubled in on year, literally mooning, due to the printed money, which was flooded into the markets, to catch the markets and secure a fluid economy, but guess what, we have used our last gun powder, and no we are facing the costs of this two-year printerage. It was necessary, but the consequences are real and in my personal opinion, most of the stocks are overpriced. I'm just gonna say it, they are OVERPRICED. Especially tech and housing market looks bubbly and an honest recovery after a healthy bull market from literally the 2008 crisis. So I think we can go down and test the highs before the Covid-19 Crash (16.03.2020) at around 10.000 points. I feel like September could be a stop to raising rates, which would lead to more upside, but IF we somehow manage to find a bottom and to not test lower levels, highs as 20.000 until 2024 is absolutely in play! No one knows what will happen, so my personal bet would be bearish until the market, the government and the economy gives massive positive signals to the public, to reenter a bull market. Until then i personally stay bearish and stay liquid. I try to average in an amount here and there from time to time. At one point it will turn because everything comes to an end at a certain point. All right, if you made it until here, thanks for reading! Take care, gqt
TVC:NDQ
by GER-Quality-Trades
GOOGL - After every Storm, there is a Rainbow 🌈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GOOGL has been overall bullish, trading within the rising rainbow wedge pattern. Currently, GOOGL is in a storm 🌪/ correction phase and it is approaching the lower bound of the wedge acting as a non-horizontal support. Moreover, it is retesting a strong support zone at $128 marked in blue. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower rainbow trendline. 📚 As per my trading style: As #GOOGL is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:GOOGL
by TheSignalyst
11
Netflix, just another analysis.Have you ever wondered what happens when a growth stock, well, doesn't grow anymore? Netflix is, at the moment, just a few bucks (I mean billions lol) below the 100 B dollar market cap. kinda big uh? it's like 100 unicorn start-ups together :D Anyway, let's get to the point. In the past, the company now considered OLD for us, the younger, simply exists, and they just work (you know, revenue, FCF etc, all cool stuff) they're not considered growth, ANYMORE, cuz in the past they must have been considered so right? everyone grows, then you just "keep what you have" or fight for it when you cant grow bigger. Now, from the internet, it is kinda known (in my studies at least) that a PE of 13-17 makes a company a good buy, but it's not undervalued yet. Well, it is also true that a PE of 30 for a growth stock is considered a good ratio as well, cuz you know, that's a GROWTH stock. Ah almost forgot, when there are not a lot of numbers or a lot of past years to analyse, the PE can go well about 30 (remember tesla? XD) So, the point is: Netflix went from PE>100 in the past years, then it fell to PE = 38 after Q4 2021 and NOW after Q1 2022 has fallen to PE = 19 Does it recall something to you? My idea? this "thing" just went from "hypergrowth stock" 2 years ago (ofc covid helped, maybe its not a big pharma conspiracy but a Netflix one LOL), to a "simple growth" 1 quarter ago, and now its gone to a "value" stock. Before I end the analysis, a reminder: at the moment, Netflix has a PE of 19, well above the >13 expected for a value stock to be at a good price, which means the stock should fall another 30% AND, well, what a lucky coincidence another fall of 30% would bring the price to the MA200 of the MONTHLY chart. Trade safe, and remember that wall street uses Algorithms, faster and better than you for trading purpouses. Let me know in the comment if you have a DIFFERENT opinion, if you agree with me simply leave a like ;)
NASDAQ:NFLX
by camelot0707