BREAK PATTERNSELL - SHORT
DYDX/USDT
🔰Entery: = 1.59 - 1.54 - 1.467
❇️Targets
1️⃣1.45
2️⃣1.43
3️⃣1.4
4️⃣1.359
5️⃣1.296
🧯Stoploss : 1.63
Waves
Bitcoin is in a critical zone!As in the previous analysis that I published 12 days ago (Its details are in the ideas section of my profile), I mentioned that we are at the end of the downward trend, but I expected that before the main upward trend, the price would drop to around 24k to complete the downward trend.Anyway, as I specified in the chart, Bitcoin at the price of 30,849 is an important point for me, and until we reach it, the previous analysis can continue to be strong (although based on the price momentum, I find it unlikely). If this point is touched, the next price target will be 35149, and I consider any drop as an opportunity for a long position, which is also there in an important CME Gap.
I need to explain that I consider this wave to be the last rise in price and after that I will wait for a big fall.
I will announce further updates if needed.
SP500 Entanglement of Price ActionFibonacci interconnectedness of impulsive and corrective waves.
Impulsive.
Since Time is taken into account in terms of angles, the Fibonacci channels derived from multi fractals simulate phenomenon of the order in chaotic price action.
More like projection of Levels of Probability like in QM, where Interference Pattern derived from waves of probability in Double Slit Experiment.
Nevertheless, I would never accept that price unfolds because of the very act of measurement that assumably collapses the wave function and makes it behave accordingly. I'm implying that price formation just like fabric of reality itself is not deterministic but probabilistic.
In charts, the fabric of PriceTime is continuously curved by the price action itself. That's why even after dramatic rise of volatility the price would end up at certain random levels but distinctive to domestic chaos and frequency of reversals.
CAT : Unlocking Upside Potential with a $290 TargetCaterpillar Inc (CAT) has recently demonstrated significant upside potential according to the latest technical analysis. Let's delve into key points supporting this positive outlook:
Recent Developments:
On October 31, 2023, CAT's stock price touched a critical support area at $228.37, marking its lowest level since June 2023. The significance of this level is reinforced by the presence of a long-term upward trendline dating back to March 2021. This underscores strong demand at this level, signaling the continuation of the upward trend.
Positive Reversal:
Following the support touch, CAT shares experienced a positive reversal by successfully breaking through the previous resistance level at $244.24 on November 3, 2023. This indicates an increased buying pressure, suggesting that CAT has the potential to continue its ascent to higher levels.
Target Price Set:
The proposed target price is around $290, reflecting the highest level reached in August 2023. This target selection is based on psychological aspects and the Highest level of all time
Momentum Indicator Support:
Two key momentum indicators, MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index), provide positive signals:
MACD is above its signal line and the zero level, indicating that upward momentum is increasing, supporting the continuity of the uptrend.
RSI has moved above the 50 level and is approaching 70, suggesting that CAT may be in an overbought condition. This indicates a higher number of buyers than sellers, supporting the prediction of price increases.
Conclusion:
Based on this in-depth technical analysis, Caterpillar Inc (CAT) shows robust potential for upside movement. However, as with any investment decision, it is advisable to conduct further research and consider risk factors before making decisions. Stay informed about the latest news that may impact the overall stock market.
WAVES SHOWS BREAKDOWN PATTERNSWAVES shows breakdown patterns and can break down in the coming time frames.
Wave can return to $1.50 -1.54
EURUSD is bullish now and many Traders don't see it 👀!!!EURUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
Also, hidden bullish divergence makes this analysis more accurate.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Hellena | GBP/USD (4H): Long to resistance area 1.23235.Dear colleagues, I assume that in the coming week the price will make an upward movement and will reach at least the target of 1.23235. Then I expect the high to be updated and the completion of wave 3.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
WAVES/USDT Break Alert, Ready for the next upward Movement ??? 💎 WAVES has undeniably piqued our interest. Currently, WAVES is navigating a pivotal resistance zone, defined by the falling wedge pattern and an adjacent local resistance. For a bullish trajectory, WAVES needs to surpass this resistance and re-establish the previous support zone.
💎 A prudent approach would be to await a confirmed breakout with a candle close above the resistance. If this unfolds, WAVES could embark on an upward journey, targeting the supply level at $1.55. Breaching this supply is essential for WAVES to approach the major resistance zone.
💎 On the flip side, if WAVES struggles to overcome the pattern and the local resistance, it might retreat to the demand zone to gather momentum. However, this could be a fragile stance for WAVES, as there's a risk of breaching the demand zone, potentially propelling it further down towards a critical support level.
My EURUSD Analysis and PredictionHello Traders
Based on past action of price i analysis the bullish movement for Eurusd .
Good luck
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OANDA:EURUSD
BTCUSDTBitcoin is in its own four-hour ascending channel and is on its one-hour support, moving to its own trend to confirm the candle and touching its first target, which is 31300.
Hellena | Oil (4H): Long to resistance area at 87.89. Dear Colleagues, I expect that the price is in an uptrend despite the decline in recent days. I believe that the price will rise quite high to the level of the maximum of the 3rd wave 91.00-92.00 . Now I see the nearest target in the resistance area at 87.89.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
$OOKI Performing classic bullish divergence$OOKI Performing classic bullish divergence in 1Week
Trading Classic Bullish Divergence involves a systematic approach to identifying and executing trades based on this technical pattern. Here's a step-by-step guide on how to trade it:
1. **Identify the Downtrend:** First, you need to confirm that there is a clear downtrend in the asset's price. This means the asset's price should be making a series of lower highs and lower lows. The downtrend is a prerequisite for Classic Bullish Divergence.
2. **Select an Oscillator Indicator:** Choose an oscillator indicator to use in your analysis. Common choices include the Relative Strength Index (RSI), Stochastic Oscillator, and Moving Average Convergence Divergence (MACD). It's recommended to use more than one indicator for confirmation.
3. **Spot the Divergence:** Look for the divergence between the price and the selected oscillator indicator. Classic Bullish Divergence occurs when the price makes lower lows, but the oscillator indicator makes higher lows. This discrepancy signals a potential trend reversal.
4. **Confirm with Other Indicators:** To reduce the risk of false signals, consider using other technical indicators or tools to confirm the divergence. For instance, you might look at trendlines, support levels, or other indicators that suggest a possible reversal.
5. **Plan Your Entry:** Once you've identified a Classic Bullish Divergence and confirmed it with other indicators, plan your entry point. Decide at what price level or under what conditions you will enter a long (buy) trade. Some traders wait for the price to break above a certain level or confirm the divergence with a candlestick pattern.
6. **Set Stop Loss and Take Profit Levels:** Determine your stop-loss order to limit potential losses if the trade goes against you. Likewise, set a take-profit order to lock in profits when the asset's price moves in your favor. These levels should be based on your risk tolerance and the asset's volatility.
7. **Manage Risk:** It's essential to manage your risk when trading. Only risk a small percentage of your trading capital on each trade, typically no more than 1-2% of your total capital. This helps protect your account from significant losses.
8. **Monitor the Trade:** Once you enter the trade, monitor it closely. Pay attention to price movements and the oscillator indicator to gauge the trade's progress. Be ready to adjust your stop loss or take profit levels if necessary.
9. **Exit the Trade:** When the asset's price starts to move in the direction you anticipated, consider taking profits or trailing your stop loss to lock in gains. Alternatively, if the trade is not going as expected, exit with a limited loss based on your predetermined stop loss.
10. **Learn and Improve:** Keep a trading journal to record your trades, including your rationale for entering and exiting. Over time, use this information to refine your trading strategy and improve your decision-making.
Remember that trading Classic Bullish Divergence is not a guaranteed success, and it's just one tool in a trader's toolbox. It's important to combine this pattern with other technical and fundamental analysis to make informed trading decisions. Additionally, practice and experience are essential for becoming a successful trader.
Classic Bullish Divergence is a technical analysis concept used in the world of financial markets, particularly in trading stocks, forex, and other assets. It refers to a specific pattern observed in price charts that suggests a potential upward reversal in the price of an asset. This pattern is considered bullish because it indicates that the current downtrend may be coming to an end and that a bullish (upward) move could follow.
Classic Bullish Divergence typically involves two main components:
Price Trend: A downtrend in the price of the asset. This is when the asset's price has been falling over a period of time, creating a series of lower highs and lower lows on the price chart.
Oscillator Indicator: An oscillator is a technical indicator used to identify the momentum or strength of a price trend. Common oscillators include the Relative Strength Index (RSI), the Stochastic Oscillator, and the Moving Average Convergence Divergence (MACD). In the case of Bullish Divergence, traders pay close attention to the oscillator indicator.
The divergence occurs when the price trend (lower lows) and the oscillator indicator (higher lows) move in opposite directions. In a Classic Bullish Divergence, it means that even though the price continues to make lower lows, the oscillator indicator is making higher lows. This discrepancy between the price action and the indicator suggests that the selling pressure is weakening, and the potential for a trend reversal is increasing.
Traders who spot Classic Bullish Divergence may interpret it as a signal to consider buying the asset, expecting a possible upward price reversal. However, it's essential to keep in mind that no trading strategy or pattern is foolproof, and traders often use other indicators and risk management techniques to confirm their decisions.
It's also important to note that there are variations of bullish divergence patterns, including Hidden Bullish Divergence, which can occur during an uptrend and may signal a continuation of the bullish trend.
xauusd h3XAUUSD Short time bullish trend. it could be drop from faky zone and continue for trend on the other hand it will be break all zone in 2 candle with side way and make new trend.
GBPAUD sellThere is a weekly supply in control. In daily, we are currently on wave (iv) of i. We look to see a bearish continuation move once it taps daily supply at 1.93810. See you at 1.8700 Bingo!
WAVES/USDT bullish horizons? 👀 🚀 WAVES Today Analysis💎Paradisers, turn your focus to WAVESUSDT! We've observed it positioning itself within a demand zone, hinting at a potential bullish ascent.
💎 A few days ago, WAVES broke free from its descending trendline, charting an upward trajectory. After facing rejection from an overhead resistance, it's now revisiting the trendline, which currently serves as a support. Given its current stance in the demand zone, we're confident that a resistance retest might be on the horizon.
💎 However, should the demand zone be compromised, anticipate a bullish continuation from the 1.447 support level. A breach below this could trigger a more pronounced downward shift.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!
WAVES/USDTNot a financial advice, please do your own research
1D timeframe
Buy zones - 1.50$ - 1.54$
Stop loss - 1.48$(if we start making lower lows/change of trend)
Targets:
- 1.67$
- 1.85$
Hellena | GBP/USD (4H): Short to support area 1.21186 (Wave 5).Dear Colleagues, I believe that wave 5 is starting its formation and the price will update the low. Therefore, I believe that the price will reach at least the support area of 1.21186.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): Long to resistance area 94.93 (Wave 3).Dear colleagues, the price is completing wave 2 of low order, so I assume that wave 3 will update the maximum and the nearest target is the resistance area 94.93.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
TRIANGLE breakout in HDFC AMCElliott Wave Analysis:-
Triangle breakout has happened and retracement is taking place.
with 2649.35 as stop loss we can get entry at current level.
Target
1. it has to cross 2737
2. 2772
3. 2800 - 2854
if the C wave was broken downside then the triangle may be in reverse and the fall will be the size of the A wave we marked.
Understanding Long-Term SPX500 & QQQ Cycle PhasesMy continued effort to share my research, experience, and expectations with the TradingView community has allowed me the freedom to create forward-looking content to help traders/investors understand the real risks/opportunities going forward.
If my research is correct, then next 5+ years will be incredibly difficult for skilled traders/investors. I don't believe the US markets will enter a real organic growth phase until after 2025 (possibly in 2026 or later).
There are many reasons for this extended contraction phase in the US/Global markets. Most importantly is a broad cycle phase related to societal changes. Secondly, we have a Sine-wave structure that confirms a contracting price phase needs to reach a base/equilibrium before it will be able to extend into an organic growth phase.
As a trader, investor, or just someone trying to protect your family, your home, your children, and more, you need to understand the value of PROTECTING CAPITAL before taking on foolish risks. That is exactly what I'm trying to help you manage and understand - where opportunities exist in the markets over the next 5 to 15+ years.
Watch this video, then click on my profile to watch some of my other TradingView videos.
We live in a world where what happened 3 weeks ago is almost forgotten. These cycle phases exist, continue to drive price setups/trends, and will continue.
Are you ready for what's next?
WAVESUSDT Mid-Term Forecast💎 Paradisers, let's delve into the intriguing realm of #WAVESUSDT, where the market has woven a tale of wide-ranging price dynamics throughout the year. Within this narrative, we encounter distinct boundaries—a formidable resistance zone dwelling near the psychological fortress of $3.00 and the emergence of a compelling double bottom formation, nestled around the $1.25 territory.
💎Notably, recent developments have brought us to a pivotal juncture. #WAVES found support around the 88.6% Fibonacci retracement level. Simultaneously, price action revealed a remarkable bounce off the downtrend trendline. The significance lies in this trendline's transformation, transitioning from a resistance to a supportive force in our journey.
💎 Presently, our charts tell a tale of a minor 88.6% Fibonacci level at $1.486, serving as a sturdy bulwark of support. It's within this context that our demand zone comes into focus, nestled comfortably between these two Fibonacci retracement levels, spanning from $1.40 to $1.50.
💎 As long as #WAVES remains above this defined demand zone and maintains its connection with the uptrend trendline, our perspective leans toward a mid-term upward trajectory. While the exact duration remains uncertain, this path could potentially yield a 28% price increase in the weeks ahead. Paradisers, remember that patience and discipline are your allies during the waiting game.
💎 Rest assured, the MCP team will continue to vigilantly monitor the price action, ever watchful for potential shifts in market dynamics. We are committed to providing you with timely updates that empower your trading decisions.
Stay engaged, stay informed, and let's navigate this #WAVESUSDT journey together with confidence and knowledge! 🌊
GBPNZD Possibility - My Journal 1 18 September 2023
If B breaks 5, This setup is Not Valid. If Monday's candle continues to go higher and enters Zone C, wait for price action to enter Sell. If does not have a good confirmation, we will see a change of trend of retracement.
