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Will there be a false breakdown WTI ? H4 20.08.2024Will there be a false breakdown WTI ? H4 20.08.2024 Oil is in an interesting situation right now. Initially I was waiting for repositioning to buy, however the price went lower. As a result, I closed my purchases on be and now the question is whether or not there will be a false breakdown of the support zone 71.30-72.40. The poured volume in the margin at 73.50 did not give a buyback reaction, but oil moves very insidiously. It could do a false breakdown and then come back on volumes and form a delayed culmination. In any case, the rebound is somewhere near, so watch carefully.
THINKMARKETS:WTILong
by KovachTrader
Possible correction WTI. H4 27.08.2024Possible correction WTI Oil has now approached the marginal resistance zone 77.41-77.97, as shown in the previous analysis. Large point volumes have appeared in the zone and may mean fixation of purchases and the beginning of accumulation of corrective sales. The question is whether the pullback will be and how deep it will be. In general, I expect an approach around 1/2 of the margin and then up again from there. That's why yesterday at 77.40 I closed 50% of buys and I'm still in the waiting mode. Oil after filling volumes likes to make gains and then go into a reversal.
THINKMARKETS:WTILong
by KovachTrader
Adani Enterprises (ADANIENT) for swingOrder flow analysis indicates strong buying pressure with a positive delta divergence, signaling potential bullish momentum. Additionally, there’s a gap fill due at ₹3522, which could act as a key target level. Notably, the volume profile shows a spike followed by contraction, typically a precursor to a significant price move. With these factors combined, an upward move is expected in the near term. Traders should watch for price action around the ₹3522 level, as it could confirm the continuation of the bullish trend.
NSE:ADANIENTLong
by Shivam_Bhanot
Trading Idea of week 35 - S&P500 - TradingMasteryHubWelcome to the TradingMasteryHub Trading Ideas! Are you ready to gear up for the upcoming week? Join us as we dive into a detailed analysis to uncover top trading opportunities that could potentially boost your trading account. We’ll break down our strategy, defining precise Entries, managing Risk, and pinpointing the optimal Exit zones—steps that can transform your trading performance. Whether you’re just starting out or looking to fine-tune your approach, these insights are crafted to help you on your path to mastering the markets. S&P 500 Poised to Break New All-Time Highs! The S&P 500 has climbed back above its long-term uptrend (green trend line) that’s been in play since early November 2023. The current all-time high (ATH) of 5,680.4, set on July 16th, also marked the beginning of a mid-term downtrend (red trend line). However, two weeks ago, we witnessed a significant breakout from this downtrend, accompanied by high volume, which also reestablished the long-term uptrend. The last four trading days have been range-bound between key support (green) and resistance (blue) zones, with a stable volume profile (orange box) in between. If the price manages to break through the key resistance zone (blue), new ATHs are highly likely. This presents a clear and compelling trading opportunity that we’re excited to share with you. How to Turn This into a 5-Star Setup! Before we rush into a trade, excited by the prospect of bullish momentum, it’s crucial to do our homework. This means waiting for multiple confirmations before entering the trade: 1. The Trend is Your Friend: The chart shows different trends depending on the time frame. We’re trading on a 15-minute chart, where the uptrend is clear. But we also need to confirm that the higher time frame (above our execution trend) is in an uptrend and not in a consolidation phase following a longer-term downtrend. - Box Checked: We saw a breakout from the mid-term downtrend on August 15th with high volume (RVOL > 3) and a 15-minute close above the last higher low of that downtrend on August 19th, also with high volume. 2. We Need New Bullish Momentum: To hit new ATHs, we require strong buying pressure. This could come from a catalyst like favorable news (e.g., interest rate cuts by the Fed) or a technical breakout above the key resistance zone (blue). - Box Checked: We’ll look for a 15-minute close above the blue zone, RVOL > 3 at the breakout, and ideally, a U.S. market opening above the previous day’s Volume Profile high to confirm a trending day. - Plus: Price must be above both the session VWAP and 2-day VWAP. - Bonus: An additional catalyst in the form of a market-moving news event. 3. We Need Patience: Only when all the above criteria are met should we enter the trade. - Entry: After a 15-minute candle closes above the blue zone, but only if the risk/reward ratio is >1.3 up to Target 1. - Risk Management: Stop Loss (SL) at 5,624.7, just below Friday’s Pivot R1 minus 6 points for market noise. Take Profit (TP) Target 1 is set at 5,678, just below Pivot R2 (also the 1.618 Fib Extension), where we’ll scale out 50% of the position and move the SL to the entry level, making the trade risk-free. - Profit Target 2 (50%): This will likely be around 5,730, just below the 2.618 Fib Extension. If we don’t see new ATHs, TP Target 2 will be triggered by a close below the highest green 15-minute candle. 4. We Need Discipline: Trading only when all conditions are met will give us an edge in the long run. - Discipline: Sticking to your rules is crucial for consistent trading. Without discipline, you lose the ability to analyze and refine your edge, leaving you at the mercy of emotional decisions. 5. We Need to Review Our Trades: Keeping a Trading Journal is essential for learning from both mistakes and successes. We’ll provide another e-Learning session focused on this vital topic. A simple journal can significantly improve your trading. Always Have a Plan B! Sometimes Plan A doesn’t play out. That’s why it’s important to have a Plan B—a slightly less optimal, but still viable, 4-star setup. In this case, if the breakout above the blue zone doesn’t occur and the market reverses towards the green zone, we might consider a short trade instead. But again, we need a separate checklist: 1. Range Trades Need a History: The market must test key zones (green and blue) more than twice each to confirm a range. - Confirmation: More than two touches of the green and red zones have already occurred. 2. We Need Bearish Momentum: A bearish environment is necessary for a return to the range. This could be triggered by a negative catalyst (e.g., lower unemployment rates) or a breakdown below VWAP. - Box Checked: We need a 15-minute candle close below both session VWAP and 2-day VWAP, RVOL > 3, and the market ranging within the Volume Profile. 3. We Need Patience: Enter the trade only when all conditions are met. - Entry: After a 15-minute candle closes below both VWAPs, with a risk/reward ratio >1.7 up to TP Target 1. - Risk Management: SL at 5,647, just above Friday’s Pivot R1 plus 6 points for noise. TP Target 1 at 5,602, just above Pivot P (0.382 Fib retracement), where we’ll close 100% of the position. 4. We Need Discipline: As always, sticking to the plan is key. 5. We Need to Review Our Trades: Keeping track of your trades ensures you learn and improve over time. --- Conclusion and Recommendation By focusing on clear trends, momentum, and discipline, you can capitalize on high-probability trading setups like the ones we’ve outlined here. However, it's crucial to understand that not every 5-star setup will be a winner. Even the most promising setups don’t guarantee success every time. The true key to long-term profitability lies in consistently following a well-defined strategy and maintaining a favorable risk/reward ratio. Over time, this disciplined approach can lead to steady profits, helping you grow your trading account while minimizing losses. Having a solid Plan B also keeps you prepared for whatever the market throws your way. With these strategies, you’re not just following the market—you’re mastering it. Can’t Get Enough? Don’t Miss Out! Subscribe to stay updated on all our latest trading ideas and strategies. Share your thoughts in the comments, and let’s build a community of traders who are committed to learning, growing, and succeeding together. Your journey to market mastery is just beginning, and we’re here to guide you every step of the way! What You’ll Learn: - In-depth market analysis - Proven trading setups - Effective risk management techniques - The importance of discipline in trading - How to adapt to changing market conditions - And much more!... Best wishes, TradingMasteryHub
OANDA:SPX500USDLong
by TradingMasteryHub
BTC is BULLISH NOT BEARISH a wyckoff analysisafter this wykoff accomulation phase made by the big money the path of least resistance is UP and UP only most BTC to be absorbed by retailers has been absorbed by professionals and investors after multiple tests shakes we have made the final effort with a dovish speach from powell this is basically a pricing in of the fed interest cuts. Lets dive in to the analysis and price action. so first of selling climax: the lows of the selling climax back on monday did not look bullish. and it is possible we will still sweep them in the future perhaps thats a level to look on if we fail to rise above 70k or it is a level to look at on the next bear market cycle. the interest to keep selling at these levels is the reason why we had to multipley test these levels "weakening" the area. What gave me the first bullish bias is the sign of strength from the upthrust action. the fact we held and didnt drop far showed a lot of buyers willing to abosrb the drop. smart money concepts would dictate that liquidity sweeps are likely. so there were many bad lows to sweep liquidity from and we did grabbed it made a really good low and for me that was one of the final edges to understand we are going up. and i was looking to long from the higher low after we had this rising wedge pattern i absorbed it with the professionals and longed from there. ever since that long we had another drop with big selling volume ever since there were less and less sellers because stock was absorbed and accomulation completed. cup and handle pattern 2 shake tests to get weak hands out of the market before we go up and like you can see on net volume there were not any sellers left on these levels. Right now we have a bullflag and we are making mega bullish action on btc. i will not change my bias before we have a long enough distribution phase. this accomulation campaign took 21 days to complete. distribution would likely be roughly the same time if not longer. What i can say for sure right now is that the majority of btc stock is in the hands of professionals and they will decide whats gonna happen next.
COINBASE:BTCUSDLong
by Captainobvious5454
NEARUSDT. Buying opportunitiesHello traders and investors! If you are looking to buy, I suggest considering NEAR. I believe there is a good potential for growth of 20-40%. Daily Time Frame On the daily time frame, the price has formed a sideways range that started in March. The upper boundary is at 8.52, and the lower boundary is at 4.279. The price has touched the lower boundary twice. The second interaction, which occurred on August 5, was marked by impressive volume, which was absorbed by the buyer on August 13, pushing the price back into the range. This candle was pivotal (the largest volume, marked with “KC” on the chart) in the seller’s impulse, which forms vector 4-5 of the range. By absorbing this candle, the buyer established a buying zone (green rectangle on the chart) from which buyer's vector 5-6 started, with a potential target of 6.89. The buyer faces a significant obstacle beginning at the 50% level of the last seller's impulse, at 5.798. At this same level, a seller’s zone (red rectangle on the chart) has formed, and the level 5.798 is the start of the last sub-impulse of the seller's last impulse. Interestingly, the last sub-impulse of the buyer started at the 4.000 level (low of the sub-impulse at 4.000, high of the sub-impulse at 6.489), and on August 5, liquidity was taken below the 4.000 level. 4-Hour Time Frame There is a long trend. The starting level of the buyer's last impulse is at 4.738. A seller's zone formed at the end of this impulse. Currently, the buyer is testing this zone. If the price returns to 4.738 and the buyer defends this level, there may be buying opportunities, as the seller resumed action from the seller’s zone at the end of the impulse (meaning the zone has been tested), and the seller could not defeat the buyer at the beginning level of the last impulse. Buying Strategy It makes sense to look for buys from the daily candle of August 23, which showed a surge in volume. The targets are 6.000 and 6.489. Good luck with your trading and investments!
by AlexeyWolf
2
Technical Analysis on PayPal (PYPL)PayPal ( PYPL ) has experienced a medium-term negative trend, losing over 80% from its 2021 highs. This downtrend developed after the formation of a Double Top chart pattern. Currently, the price is near a key resistance area at $70 (marked as Res 1), highlighted in purple. In the past, this zone acted as support (green arrows), and more recently, it has been serving as resistance, with the price being rejected twice (red arrows). In the short term, the stock is showing a slightly positive formation, with an ascending triangle pattern taking shape. Additionally, the price is positioned above the main Point of Control (POC), considering the entire volume history. Bullish Scenario: To confirm a bullish scenario, the stock needs to break above the $70 resistance area (Res 1). If successful, it could progressively reach $100 and subsequently $120. Above this level, there are inefficient zones with low volume where the stock could potentially extend further. Bearish Scenario: If the stock fails to break the first resistance and falls below the POC area, it could resume its downtrend, targeting the first support area around $40 in stages.
NASDAQ:PYPL
by Giovanni_Bandini
OXY is OversoldThe plan for OXY looks really good it’s just not quite ready but I think the upside for a quick day/week is real. OXY needs a few things to happen. RSI needs to come down a bit (red arrow) then reverse, the price needs to hang in the $55-57 range, the MACD needs to turn bright red and or bright green indicating selling pressure is turning around, and oil prices need to start to head back up a bit. My best guess this happens around the 26th, which is where all the green arrows sit. If these conditions are met I will buy some.
NYSE:OXYLong
by pcseiden
NKE continues to show some strengthThis is a update to my previous NKE post (I know I can update that post but I wanted to add a more current photo. I have added MACD to my to try and get a better feel for buying and selling pressure, and also using Channel lines, which have been quite helpful. In this example, NKE was trading between $71-$76 until a spike above $76 into the low $80's with no news. I'll be honest I was using my trading strategy and used PUTS at $76 and got burned but I still think NKE has a lot to be desired. I'm always up for a small lesson from the market =)
NYSE:NKELong
by pcseiden