Get started

Wavetrend

NQ Power Range Report with FIB Ext - 2/20/2024 SessionCME_MINI:NQH2024 - PR High: 17790.00 - PR Low: 17738.75 - NZ Spread: 114.75 No signficant calendar events High vol open creating super wide NZ spread - Anticipated high volume following virtually a long weekend - Maintaining prev week's range - Daily print showing pivot to downside - Breaking lows of engulfing bar Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 235.22 - Volume: 133K - Open Int: 285K - Trend Grade: Bull - From BA ATH: -2.3% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18106 - Mid: 16963 - Short: 16391 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQH2024Short
by mv3trader5
BTC 30m forming Double Top on VPVR POC and Trend WavesDouble Top is a bearish formation. In this case, it's being formed on the Point Of Control (POC) as a neckline, the strongest support/resistance on Volume Profile Visible Range (VPVR), which shows what price bulls and bears fought the most. If this formation breaks the neckline, the potential target price is exactly 26000. We can predict the potential target by measuring the higher Top to the neckline and transferring it below it. As you can see, a gap in VPVR will enable this price drop if the neckline breaks down. We also have a double top on the waves at the bottom to support this formation, meaning the trend waves, strength, and candles tell the same story. Keep in mind low volume and possible manipulation in every decision you make in the low-volume market.
Short
by RockinHood
Daily Real Estate ETF [DRV]: 1-Month Forecast Fundamental Perspective: In the past 50 days, the Direxion Daily Real Estate Bear 3X ETF (DRV) has experienced a surge of over 90%. As a leveraged ETF corresponding to the inverse of the Housing Market, this hardly comes as a surprise. In the past two weeks alone, the Federal Reserve raised benchmark interest rates by another 75 basis points in its ongoing struggle to curb inflation, and this has resulted in the mortgage interest rate increasing nearly 7%, adding even more pressure on potential homebuyers who are already struggling to navigate the historically high prices across the country. With 90% of mortgage holders having interest rates below 5%, not many are willing to part with a home, only to purchase a new one at an increased rate of 6.3%. Fueled mainly by this lack of supply, housing prices continue to rise in the short term, further amplifying the strain on the ever-growing housing bubble. Technical Perspective: From a technical standpoint, DRV is currently caught in a cross-current of two opposing channels, shown on the graph in yellow. The larger, ascending channel has been active for nearly a year, while the smaller, descending channel became active late last month when the price of DRV broke through the horizontal resistance of around $60. Examination using a custom, multi-timeframe WaveTrend indicator (coming soon) also indicates that a minor bearish divergence may playout in the second week of October, followed by a more significant bullish divergence that may push the price towards the upper portion of the ascending channel during the first few weeks of November. Note: The forecasted candles (shown in white) are based on lower timeframe fractals on the Heiken Ashi plot. They are intended to demonstrate one possibility of how price may interact with horizontal supports and channel boundaries in the coming month. The pivots in the projected price action have been retrofitted to be consistent with standard channel mechanics and Fibonacci spaced time intervals.
AMEX:DRVLong
by jdehorty
Fibonacci and momentum analysisThe chart above shows the Fibonacci and momentum analysis in the Bitcoin historical chart. As can be seen, the market bottom in the RSI and the wave_trend are determined by the entry of these oscillators into the oversold zone. In cycles 1 and 2, it is observed that bitcoin is squeezed above the 0.382 Fibonacci ratio after reaching ATH, and creating a descending triangle pattern. After the triangle pattern breakdown, BTC has dropped to 0.146 Fibonacci. In the third cycle, the price is squeezing above 0.5 Fibonacci. Therefore, in case of breakdown, we may see less drop than cycles 1 and 2. therefore a drop to 0.236 or 0.382 Fibonacci may occur (Based on the trend based Fib Extention, 0.236 seems more likely)
BITSTAMP:BTCUSD
by cryptoonchain
2
Do We Short Yet?!?NO!! It's gone Ape-S**TT!!! Melting Up; Short here = Suicide. Could get a Measured MOVE from the Breakout point 4593; +249 push to 4842?!? Watch these Indicators for a pivot. Near-term Short entry for a technical pullback at WT crossover when RSI overbought and a 5-wave EW in RSI appears; NOT before! Do not hold this short for long term, purely a day trade from Nov ATH price pushback, roll into longs when WT signals! Expect Strong R at the ATH 4744; then moving higher to new ATH: likely get firm pushback after an exhaustion gap appears; perhaps 12/08 the way it moves will arrive in a few hours, fgs, FOMC dovish position could spark final ATH move. This is not investment advice! Estimates given are not guaranteed to be valid projections, trade at your own risk and with great care!! GLTA!!
SP:SPXLong
by DaddySawbucks
11
My current hourly strategy.This is the strategy I've been using lately to trade FTM and ONE on the hourly chart. 1. Price is below 200 EMA. 2. ATR down trend. 3. Bollinger Band squeezed. 4. Price crossed below EMA ribbon. 5. WaveTrend Reversed down. Over the past 50 trades, this strategy has won 33 times and lost 17 times. I usually use 1:1.5 RRR but for this particular trade and others with the same congruence and strength I would go up to 1:2. You may even consider taking 50% at 1:1.5 and 50% at 1:2.
Education
by UnknownUnicorn28067390
4
BNB ShortShort indication 1 : colored directional movment index on the top of the chart is yelow which indicates non-existend trend and the arrow points down which is showing that the negative direction is stronger. Short indication 2 : probability line as shown with bayes indicator is right at %50 level which is infact equilibrium of probable move up or down. But the slope is pointing down which could be indication of further move down. PS: Probablity line is calculated by taking on account BTCUSDT’s probable movements Short indication 3 : WaveTrend is signaling sell even if it is not a strong one Short indication 4 : Price Action below 20 period SMA Short indication 5 : elliott wave could be forming WXY and Y not completed yet
Short
by dgtrd
Aggro S&P 500 ShortDaily chart remains bullish, but we have broken down from a low-volume rising wedge and consolidated sideways for a few weeks now...2950-3000 has seen heavy selling on every test. Each time we get rejected there, we return to support around 2775-2815. We should expect some buyers around the top of the ichimoku cloud on the daily, but if we fall inside of the cloud this week, the orange Senkou Span/ lagging line will be below price. It will be harder to overcome resistance than it was previously. Sell pressure should increase and we could see at least a test of the lower bounds of the cloud, if not 2500 where the lagging line would tag the white Kinjun-sen (26 period). considering how quickly we fell in March and bounced since then, we can't rule out that we are now finishing a corrective wave B, meaning a lower low than March 23 is still very possible. However, monthly and weekly timeframes remain bullish for now... This trade is aggressive for a daily chart short, as the only signs that bears are setting up for a fight is on the wave trend oscillator, but with the potential reward being high and the risk parameters very clear (a close over 3000 or so should lead to another leg up), entering the trade aggressively makes sense. Stop can be trailed to break even if price closes a day within the cloud. Sell pressure should increase once we cross below 2800. It's reasonable to take some profit around 2650-2730 if we consolidate and break above a daily high. I'd re-evaluate and consider re-entry in either direction after that point. If you've held long, this would be a very reasonable spot to take some profits.
OANDA:SPX500USDShort
by Red_Ben
4H BTC Waves+ Signal charting, full blindFully blind signal charting followup for Waves+, BTCUSD 4h. All horizontal lines/signals were plotted with the candlestick chart hidden and not visible. Additionally, this time, all directional trades and exits were determined with the chart hidden. Additional signal explanation and rationale is detailed in yellow text, annotated on the chart/indicators. 8/10 Trades closed in profit (green checkmark). 2 Trades marked with red X were below 2% profit margin, and are considered a loss unless high leverage is used. Setup/configuration: Initial setup with Waves+, DOSC (Derivative Oscillator) with signal line disabled. 1-2 bar delay on signals to provide accurate/realistic demonstration of entries/exits (on bar close). Waves+ has the LSMA line enabled (dark blue). Waves+ is a hybrid wavetrend fibbonaci oscillator. Waves+ components: Light blue line = Waves line Dark blue line = LSMA line Red line = Mmenosyne follower (fib line with medium speed) Green line = Mmenosyne base (fib line with slow speed) Shaded yellow zone = Explosion Zone warning (Ehler's Market Thermometer) Red/green center dots = TTM Squeeze Loose Fire(red), TTM Squeeze Strict Fire (green) Lower dotted line = 38.2 fib line Upper dotted line = 61.8 fib line Lower dashed line = 25 wavetrend limit Upper dashed line = 75 wavetrend limit Blue 1/2 height block = suggested TP from short/drop incoming 1-2 bars Orange 1/2 height block = suggested TP from long Chart markup: solid green = buy/long signal solid red = sell/short signal dashed red = early sell/short signal dashed green = early buy/long signal dashed orange = suggested exit from long signal dashed blue = suggested exit from short signal Trades closed in profit/loss, no stops, marked up on chart: Trade closed in profit = green checkmark Trade closed at a loss = red X. Trades that are less than 2% in profit will be considered a loss for scalping unless leverage is used. Incremental for this blind signal test will be documented below/updated as part of the trade idea/post.
BITFINEX:BTCUSDEducation
by auroagwei
2