Repositioning Silver to buy H4 19.08.2024 Repositioning Silver to buy
Silver has formed a pattern of repositioning to buy
and if the pullback is given, I will look for a buy at 1/2 margin 27.90 to continue the growth.
I am targeting the area of 30, and further I will clarify.
On options bounced off the option hedge area at 26.50
and the hedge up around 30 and 32 is filled.
The main OI has now moved to the new December contract,
so be careful with volumes, they have only just started to come in from last week.
Volume
Lessons From my Losses August 19th 2024 Today the price action again was not ideal. I talk about not getting into trades based on FOMO and overtrading, which I did today. I am a little upset with myself as I was not disciplined. I showed a trade with great confirmation on the 15-minute chart I missed. Let me know what you guys think in the comments and tell me about how your trading went today!
SUI/USDT Analysis Heading Towards $2.10?Current Price: $0.859
🟢 Key Points:
Fibonacci Retracement: SUI/USDT is currently trading within the "Golden Pocket" between the 0.618 and 0.65 Fibonacci retracement levels, a critical area often associated with strong buying interest.
Price Target: The 2.618 Fibonacci extension suggests a potential target of $2.189, which aligns with recent technical developments.
Latest News Impact: The SUI ecosystem is seeing significant activity, including potential bullish momentum driven by recent developments such as Grayscale's announcement of a new SUI trust fund and notable OTC bids from large investors. These factors have contributed to a positive market sentiment, with SUI potentially poised for a 40% rally in the near term (CoinGape) (TradingView).
🔄 Potential Scenario:
After a strong recovery from recent lows, SUI might push towards the 1.618 Fibonacci extension ($1.527) and eventually the 2.618 extension ($2.189). The recent price action, bolstered by strategic network upgrades and increased institutional interest, supports this outlook. However, traders should be mindful of potential pullbacks, especially if SUI fails to hold its current support levels (CoinGape) (World Coin Index).
💡 Conclusion:
With recent bullish developments, SUI/USDT shows promising signs of a rally towards $2.10, especially if key resistance levels are broken. Short-term dips could present buying opportunities in light of the ongoing positive market sentiment.
NZD/USD Day Trading analysisOn NZD/USD , it's nice to see a strong buying reaction at the price 0.60280.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
AUD/USD Day Trading Analysis With Volume ProfileOn AUD/USD , it's nice to see a strong buying reaction at the price 0.66350.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
ES continue with the UptrendOn ES , it's nice to see a strong buying reaction at the price 5492.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
Bharat Wire Ropes Limited: A Hidden Gem in the Steel WireBharat Wire Ropes Limited:
A Hidden Gem in the Steel Wire Industry As a value investor and risk taker, I'm always on the lookout for companies with strong fundamentals, growth potential, and undervalued stock prices.
After analyzing the recent financial report of Bharat Wire Ropes Limited (BWR), I believe this company has the potential to be a hidden gem in the steel wire industry.
Strong Financial Performance
BWR's Q1-FY25 financial performance is impressive, with revenue from operations increasing by 15.7% YoY to INR 1,335 Mn. The company's EBITDA margin has also improved to 24.34%, indicating efficient cost management and operational efficiency. The PAT margin has declined to 13.56%, but this is largely due to the company's focus on higher value-added products and cost controls.
Diversified Product Portfolio
BWR has a diversified product portfolio, catering to various industries such as oil and gas, infrastructure, mining, and more. The company's products are exported to over 55 countries, making it a significant player in the global steel wire market.
Strategic Initiatives BWR has implemented several strategic initiatives to improve its operational efficiency and reduce costs. These include debottlenecking capacities, improving acceptability of BWR products, and reducing debt and interest expenses.
Financial Highlights Some key financial highlights from BWR's Q1-FY25 report include:
Revenue from operations: INR 1,335 Mn (up 15.7% YoY)
EBITDA: INR 325 Mn (up 21.1% YoY)
EBITDA margin: 24.34% (up 167 Bps YoY)
PAT: INR 181 Mn (down 23.6% YoY)
PAT margin: 13.56% (down 140 Bps YoY)
Total debt: INR 1,048 Mn (down 22.0% YoY)
Cash conversion days: 269 days (down 132 days YoY)
Mean Reversion Trading Strategy
As a value investor, I'm also interested in the mean reversion trading strategy. This strategy involves identifying companies that are trading at a significant discount to their historical valuations and have a high probability of reverting to their mean. In this case, BWR's stock price has been trading at a significant discount to its historical valuations.
The company's P/E ratio has declined to 20.0, which is lower than its 5-year average P/E ratio of 25.0. This suggests that the stock price may be due for a mean reversion.
Comparison with Usha Martin For comparison, let's look at Usha Martin, another company in the same sector. While Usha Martin has a larger market capitalization and a more established business, its stock price has been declining in recent months. In contrast, BWR's stock price has been increasing, driven by its strong financial performance and strategic initiatives.
Conclusion
In conclusion, Bharat Wire Ropes Limited is a hidden gem in the steel wire industry. The company's strong financial performance, diversified product portfolio, and strategic initiatives make it an attractive investment opportunity. With a mean reversion trading strategy, BWR's stock price may be due for a significant increase in the coming months. As a value investor and risk taker, I would recommend adding BWR to your investment portfolio.
Disclaimer This blog post is for informational purposes only and should not be considered as investment advice. Please do your own research and consult with a financial advisor before making any investment decisions.
XAUUSDGold rose above $2,500 for the first time ever on Friday, shattering resistance zones. The price topped at $2,508 and closed with a bullish candle, signaling a strong upward trend. This strong momentum suggests that further gains are likely for the upcoming week,
Several catalysts that indicates gold rising up to $3,000:
1) With interest rates on a steady decline, gold is becoming more attractive to investors as a store of value.
2) Alot of Ongoing geopolitical tensions and economic uncertainties further supports gold pumping to Valhalla.
Therefore, any short-term pullbacks present attractive buying opportunities for traders.
Although in my opinion this might not play exactly as planned i still see a major pull back before the pump.
August 18th Weekly Watchlist LevelsI go over my weekly levels. Overall I think we have a lot of potential this week to keep moving up before elections. We also have a lot of possible gap fills on QQQ and SPY. Thanks for watching my videos and learning with me if you are new to watching my videos. I appreciate all of the love I got from my last video. Leave a comment with how long you have been trading for in the comments if you are new to my profile :) Lets make some good money this week everyone!!!
XAGUSD. Trading opportunity Hello traders and investors!
I reviewed the assets and highlighted silver as an interesting opportunity for trades next week. For example, in gold, on the daily timeframe, the price has broken out of a range, and it’s hard to predict how far it will go. In silver, the targets are clearer.
Weekly Timeframe
On the weekly timeframe, there’s a bullish trend. The last upward impulse started from the 17.559 level. The most recent sub-impulse within that impulse began at the 26.0185 level. At the end of the impulse, a seller's zone formed after the seller absorbed a buyer's candle with growing volume, which has already been tested by the buyer—the test level is 29.2285 (seller's zone marked by a red rectangle on the chart). The seller's candle at the test level had the highest volume in a year, but the result was just a shadow: the body of the candle couldn’t close below the shadow of the previous candle. The latest weekly candle, with falling volume, absorbed the seller’s candle. This indicates that although the seller tried to resume the downward movement from their zone, they have been unsuccessful so far.
Daily Timeframe
On the daily timeframe, the price has formed a range that began in April. The upper boundary is 32.5185, and the lower boundary is 26.0185.
The seller’s 7-8 impulse has played out, and now the buyer's 8-9 impulse is active, with a potential target of 31.755. A buyer's zone has formed at the base of the new 8-9 buyer’s impulse after the buyer absorbed the seller's candle from August 5th, which had growing volume (buyer’s zone marked by a blue rectangle on the chart). Note the volume of the seller’s candle from August 5th—it’s the highest in several months.
Thus, on both the weekly and daily timeframes, the priority is on buying .
There are obstacles on the buyer's path that need to be monitored. The first obstacle is the start of the last sub-impulse in the seller's 7-8 impulse (29.2285), and the second obstacle is the previous weekly high (30.1365), where a seller's zone has also formed.
Buying Strategy
For trade setups, you could consider the 4-hour timeframe. On this timeframe, the price has formed a range with an upper boundary of 29.2285 and a lower boundary of 26.4710.
You could, for example, look for buying opportunities from the buyer’s defense of the lower boundary of the range or after a breakout to the upside and the buyer's defense of that breakout.
$SOXL Value Reclaim, year anchored VWAP testAMEX:SOXL quickly reclaimed value last week along with many of the other tech sectors and stocks. NQ cleared VWAP and upper value with no problem, we'll see if AMEX:SOXL can do the same this week. If we reject at yearly VWAP, I expect a return to lower value. If we clear, we can expect to go to upper value.
SuperRare (RARE) - 100x opportunityOn the above 1-day chart price action has corrected 90%+ since October last. A number of reasons now exist to be long, including:
1) The ‘incredible buy’ signal prints.
2) Price action and RSI resistance breakouts.
3) Volume . I don’t know why, there’s a lot of accumulation on various exchanges for this token over the last month. Someone knows something I don’t.
4) Everything that was said above also applies for the BTC pair (see 1-day chart below).
5) This is a ‘what if’ list token and already has met the required conditions. See 2-day BTC pair below. Double ‘IB’ signals!
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 4 to 9 months
Return: 100x
1-day btc chart
2-day BTC pair ‘what if’