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US Market Bullish Continuation?The S&P continued to display plenty of volatility last week, where we saw a strong move to the downside, breaking through significant levels of support. Price did appear as though it was going to continue its descent, but the buyers were able to reverse the direction of the move, ending Friday with a big bullish candle on the daily timeframe. The 50 simple moving average, which held as support over the past few weeks, couldn’t take the weight of price and this support level failed. However, looking at the reversal candle last week, which closed with a bullish body, we may well see a push back above the 50 simple moving average. As there is a lot of volatility in the markets, it is hard to be sure if the bull trend will resume or whether the bears will take over, so we will continue to stand aside and preserve our capital. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading
channel breakout and strong support I had already created a setup for First Solar on 29.11.2021. This was stopped out with a loss of approx. 7%. Now a new buying opportunity arises through chart analysis. On February 14, the price formed an Inverted hammer (not perfect), which often appears at the end of a downtrend. Yesterday's price formed a Hammercandle which could indicate rising prices. First Solar is just about to leave a downtrend channel. Breakouts from such long channels (over 100 days) or ranges can result in very strong price movements. The share has formed strong support at $68. Therefore, there is much to be said for a rise in the price, and good risk management is also given, as the stop loss (SL) can be set below the support zone at approx.63 $. However, I usually only set the stop loss in my mind. For me, the closing price in daily is decisive. If this closing price is below this zone, I close the trading position manually. It often happens, that the price triggers the SL intraday, only to rise again afterward. This is avoided in this way. The price has potential up to $91 (take profit 1) or even up to $109 (take profit 2). This corresponds to a ratio of 2 (TP 1) and 3.9 (TP 2). The loss would only amount to approx. 13%. The profit, however, would be 27% or 50%. Therefore, I see a good buying opportunity. What do you think? I am very grateful for feedback :) Deutsch Am 29.11.2021 hatte ich bereits ein Setup für First Solar erstellt. Dieser wurde ausgestoppt mit ca. 7 % Verlust. Nun ergibt sich eine neue Kaufgelegenheit durch Chartanalyse. Am 14. Februar bildete der Kurs einen Inverted Hammer (nicht perfekt), der oft am Ende eines Abwärtstrends auftaucht. Der gestrige Kurs bildete eine Hammercandle, welcher steigende Kurse anzeigen könnte. First Solar ist gerade dabei einen Abwärtstrendkanal zu verlassen. Ausbrüche aus solchen langen Kanälen (über 100 Tage) oder Ranges können sehr starke Kursbewegungen zur Folge haben. Die Aktie hat bei 68 $ einen starken Support gebildet. Daher spricht viel für einen Anstieg des Kurses und ein gutes Risikomanagement ist ebenfalls gegeben, da der Stopp Loss (SL) unter die Supportzone bei ca. 63 $ gesetzt werden kann. Den Stop Loss setze ich jedoch meistens nur im Gedächtnis. Für mich ist der Schlusskurs im Daily ausschlaggebend. Ist dieser Schlusskurs unter dieser Zone, schließe ich den Trade manuell. Es kommt oft vor, dass der Kurs innerhalb des Tages den SL triggert, um danach wieder zu steigen. Dies wird so vermieden. Der Kurs hat Potenzial bis 91 $ (Gewinnmitnahme 1), bzw. sogar bis 109 $ (Gewinnmitnahme 2). Dies entspricht einer Ratio von 2 (TP 1) bzw. 3.9 (TP 2). Der Verlust würde nur ca. 13 % betragen. Der Gewinn jedoch bei 27 % bzw. 50 %. Daher ergibt sich für mich eine gute Kaufgelegenheit. Was denkst du? Für Feedback bin ich sehr dankbar :)
NASDAQ:FSLRLong
by Wiesel90
Nasdaq Update Time for the update on the US markets. Those who follow me know that my analysis disregards any fundamental information or news and is based purely on a technical picture. Despite the turmoil in the markets, next week we can see a bounce in US stocks. This is not a trading idea as it goes against the trend and there is no tradable pattern formed yet (at least within my skillset). Can the markets continue to go lower? SP500 chart (to be posted next) indicates that further downside is possible to shape the local bottom. Though at this stage I prefer to deleverage and watch the price action until there is a tradable setup.
OANDA:NAS100USD
by Fomenka
4
DJIA Is Rebounding from The Lower Boundary of The Upward ChannelThe DJIA has been moving in an upward channel since around mid-June 2021. Recently the index formed a long bullish hammer candle that successfully confirmed a significant support area of a rising window/gap at 33,175 (this is called the cluster of candles). All the last week candles closed over the lower boundary of the rising channel and the 0.236 Fibonacci retracement level at 34060 as well as the 251-day EMA. In addition to this, there is a bullish divergence signal from the Williams %R out of the oversold zone. Therefore, the index is moving to test the levels at 35063, 35513 and 36152. In contrast, declining below the levels at 34060 and 33160 should indicate a further bearish move ahead.
TVC:DJI
by MohammedEl-Sherbiny
I am no Bear, I am Death.I spent a lot of time trying to frame this for everyone so I hope you all gain some more perspective from this. How low will we go? I'm pretty sure the game of musical chairs is over... Hope you're not planning on the housing market going up forever either... I don't know how this is gonna play out but I'd suggest diversifying your assets. It is most likely that multiple systems will fail in this next crash and we'll be unable to save them just by injecting capital. I'd say best case scenario is a -50% drop but that is so unlikely. -75% to -90% is more likely IMO Not Financial Advice. Just what I see.
TVC:SPXShort
by MonetaryRebel
8
CREEPYUmmm Guys.... Guys!! No seriously! Guys!! Alright I'm out. GoodBye. Clearly the (tech bubble + housing bubble) formed a flat pattern and we just went up and retested the lower boundary......ummm....... Bye Bye. Everything is lining up to where it makes unbelievable sense that the market will crash soon. PREPARE FOR THE 3RD DEGREE DEVIATION TO THE DOWNSIDE. Similarly to the Pandemic this is a ***Once in a Lifetime Correction*** I fully see that we are in the 4th Turning, the Saeculum is turning and we are entering a new phase of our world. My advice is just long volatility and stocks that you love and don't mind if they bleed money for the next couple years. Hold good balance sheets and companies that are currently making a profit. Stay away from companies that are relying on future earnings growth.
TVC:SPXShort
by MonetaryRebel
2
DISCA: LOW RISK BOUNCE SWING PLAY Disca has been dropping since March and has now reached an Ichimoku support on the weekly chart. My support is based on the flat side of the cloud. Quiet good risk/reward play . One could buy at the current price level with a stop between 24.90 and 23.5 depending on your risk tolerance and sizing. My target is between 32 and 35 as you can see on the chart. If we reach these target we will reassess and see whether we have a sustained trend reversal. Trade safe! More on Ichimoku (by Investopedia): The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future. Key takeaways: The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in. The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line. The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up. The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down.
DLong
by Elpidaldo
US500 - Bullish plan explained Today, we will take a look at the S&P500 Index on a quick review. The price has been on consolidation for more than a month. A few days ago, it made contact with a relevant dynamic support resistance level where we saw a clear rejection. If we have a bullish perspective on this, assuming that what we are looking at on the chart Is a regular correction during a bull market, then this is one way to develop setups. What we want to see is first a Breakout; from there, we can wait for the retest of the broken structure, and we can develop setups on that structure, as you can see in the example below the chart. However, we can also wait for the breakout of the small retest and trade the fractal retest of it, which increases the risk-reward ratio while increasing the odds of a stop loss. Consider all these possible alternatives. At the moment, we have not defined the exact way we want to trade this, but it may be one of the two options we mentioned before. Let us know what's your view and chart in the comments. Thanks for reading!
U
by ThinkingAntsOk
3
🎯 BITCOIN is it Good time to invest ❓Hii Traders 😊 I hope that all of you doing well ◽ I covered levels for both positional traders or investors and Short term Traders 🛑 Which area is good to accumulate ❓ 🛑 What is the Target level ❓ 🛑What is the stop loss ❓ ◽ Now BITCOIN is at good area to accumulate as much as possible ◽ The support zone (also called demand zone) ie. 44500-45000 This very good buying area ❓ ➡️ Well , Let me explain ◽ If you people's see the past 2 months Data in Day time frame chart we can see clearly Bitcon successfully breakout the resistance zone ie. 44000-45000 on 8th Aug And tested level level of Resistance 49000 and pulled back from there and pervious resistance zone ie. 44000-45000 now acting as support zone ◽ And it is taken support from that level 5 times on 13th Aug , 18th Aug , 7th Sep , 12th Sep , 21 Sep ◽ Those days data clearly showing it taken support from that level and buyers were not ready to give or buyers were in control when ever sellers try to short the market ◽ So the point is can we take trade now or is it good area to accumulate ❓ ➡️ Off course yes without doubt But with stoploss (stop loss is very important why ❓ because it will protect us from major disaster simply it is like wearing condom 😅) ◽ Now point is Where I have to place stop loss ❓ Well, you are right way ➡️ Place your stoploss at 39500-39000 exactly from this zone bitcoin bounce back with strong buy or Bulls were in control where sellers or bears were try to short the market from that level ➡️ If again sellers were aggressive and if they successfully breakdown that support level then it may can retest the major support zone ie. 30000-29500 So placing your stop is must important (Why it will going to retest that support level ❓ what's the reason ❓ let me know comment section and if you give me 50 reputation and 50 likes I will breakdown the reason behind that in next post 😊 ) 🎯 Now the point is placing stoploss is okay ◽what is our 1st Target ❓ ➡️ Well , for short term traders Target 1 will be 48600-49000 (Risk to reward ratio will be around 1:1 not exactly) ◽ 2nd Target ❓ ➡️ Target 2 will be 52500-53000 (Risk to reward ratio will be around 1:1.5 not exactly which ever it is good) ◽ for positional traders or investors Stop loss will be same and Target will be 52000-53000 here you can exist your half quantity and Another half quantity u can hold for long term ( Exist half if you feared That. is it go beyond that resistance level ) ◽ If you want to know next Target give me 50 reputation and 50 likes I will post regarding on this 😊 🛑Day traders do want to know exact intrady levels then let me know comment section I will definitely Help you guy's 🛑 I hope that it will help a lot If I'm wrong let me know in comment section I will accept mine fault and try to correct mistake it will helps me lot 🛑 Thanks for reading If you like it do follow and give reputation and have a nice day 😊
BITSTAMP:BTCUSDLong
by agasthya_d
US Market Technicals Ahead (9 August – 13 August 2021)With U.S. CDC (Centers for Disease Control and Prevention) reversing its stance on mask for vaccinated people amid the resurgence of the coronavirus pandemic, Investors will be watching closely on the main U.S. economic data reports on consumer and producer price inflation for any potential scale back of stimulus by the Federal Reserve. Several Fed officials are slated to speak during the week and their comments could help clarify the Fed’s position on tapering. Earnings will continue but will be fewer in number as earnings season winds down. Here’s what you need to know to start your week. S&P500 (US Market) The US market ended at all time highs on Friday, after monthly U.S. jobs report came in better than expected, as the economy continues to navigate out from the COVID-19 pandemic. The benchmark index $SPX ended the week gaining +0.79% (+34.9 points), closing at 4,438 level. $SPX remains above its multi-month long trend channel that was earlier highlighted. Every break out of $SPX trend channel resistance has been met with a rejection (6 times since 2021). It is also important to note of the diminishing volume observed, reflecting a short term price-volume divergence in this run up. The immediate support to watch for $SPX this week is revised up to 4,370 level; a breakdown of two weeks price support. Inflation numbers The U.S. consumer price index and the producer price index released Wednesday and Thursday, respectively will provide an insight into the current pace of inflation, one of the key factors along with the labor market, that the Fed looks at when making its monetary policy decisions. CPI is expected to moderate slightly after last month’s jump of 0.9%, the strongest gain since June 2008. The Fed has said the current surge in inflation is just temporary, but market sentiment has been hit by fears of higher inflation resulting in a sudden tapering. Friday’s stronger-than-expected nonfarm payrolls report was the last before the Fed gathers for its annual meeting in Jackson Hole, Wyoming, at the end of the month to discuss policy and decide future stimulus strategy. The upbeat jobs numbers coupled with uncomfortably hot inflation data could prompt Fed officials to announce plans to begin tapering bond purchases as soon as September, the first step down the road to eventual interest rate hikes. Earnings wind down Earnings will continue in the coming week, but the number of companies reporting will tail off as earnings season continues to wind down. Some of the names reporting include AMC Entertainment ($AMC), Coinbase Global Inc ($COIN), Sysco ($SYY), Chesapeake Energy ($CHK), eBay ($EBAY), Wendy’s ($WEN), Lordstown Motors ($RIDE), Walt Disney ($DIS) and Airbnb ($ABNB). It has been a stellar earnings season – out of the 427 companies in the S&P 500 that have reported earnings so far, 87.6% beat analyst expectations, the highest on record. Bitcoin higher as sentiment recovers Bitcoin rose to its highest level in two months on Sunday as market sentiment recovered but remined fragile. The digital currency hit $45,284, its highest since mid-June. One area of uncertainty for crypto investors is the U.S. infrastructure bill currently making its way through Congress, which contains a cryptocurrency tax provision, tacked on at the last minute.
U
by jfsrevg
Trade Idea on CRM - Trading the Flag PatternHi! Today we will share with you a trade idea (real setup we will execute on CRM) First, let's understand what we can see here from a technical perspective. a) The price was inside an expanding structure defined by the dynamic support-resistance trendline (white line) and the support level. b) After a huge GAP that broke the expanding structure, we observed a 270 days consolidation (Flag Pattern). c) In June, we saw the breakout of the Flag Pattern that tends to anticipate the beginning of a new movement once the price reaches a specific confirmation level (ABOVE "B") d) Based on the previous items, we have defined pending orders above "B" and stop loss below "C" the key idea of these levels is that they are on price levels that provide good confirmations in term of broken levels. This type of approach increases the possibility of success. e) What about the target? We have used a principle developed by Elliott, "New Impulses have correlations with the previous ones." In this case, using the previous impulse (Before the Flag Pattern), we can draw Fibonacci Extensions (nothing more than fixed proportions) to define 2 targets. f) How long can it take this movement if everything goes as expected? Between 200 and 350 days. g) How much do you risk in a setup like this? ALWAYS 1% OF our capital, never more. What does it mean? If you have a 10.000USD balance, you want to have a maximum loss of 100USD if the price reaches the stop loss. Is this a forecast? Not at all; this is a scenario that our system tells us, "Here you have a 50% chance of having a winning setup, with a risk-reward ratio of 2.36" With that clear, this is a bet we will take 100 times. The most probable thing is that we will be wrong 50 times and right other 50. Our main goal is developing a positive expectancy over the long term. In other words, "an edge." Thanks for reading!
NYSE:CRMLong
by ThinkingAntsOk
1