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Weeklychart

Thirumalai Chemicals Long Trade for Short and Long Term.The stock has been giving a breakout from its ascending Triangle on weekly basis and then from a 6-month consolidation phase and a straight upmove to 134 levels. This level of 134 was a minor resistance but it managed to close above it and is also retesting it very smoothly on low volumes supporting the view for a long trade for swing. The recent financial numbers says there is more potential for the stock to go higher. For the short term one can expect the stock to move further to 172-175 levels. There are more delivery trades happening into this stock. Hence one can also invest into it for long term benefits. PS - Even if the price falls down below 134, it has now a great support at 110-115 levels. Therefore suggested Stoploss at 103 for long horizon. Trade accordingly :D #Happy trading. #PurePriceAction.
NSE:TIRUMALCHMLong
by dhirengandhi16
BGA - Attractive Long Trade SetupThis is a weekly timeframe trade setup - Looking for an entry signal at around 5.50 (in the form of a bullish candlestick pattern) as this is likely to be a strong support level, I will look to take profit on half my position at around 6.50 and then hold the rest of my position to see if it breaks even higher as this is a longer term trade setup. Stop loss is 1 ATR below the support level to allow for market volatility, if there is a weekly close below the S/L level I would be out of the trade.
ASX:BGALong
by Ravi2409
Bitcoin on the Weekly (Zoom out)This is the Bitcoin chart on the weekly with some important information. All the way down below you see "The bull market doors", for the ones calling out a bear market. Don't get delusional calm down, we're in a super cycle. We just bounced of the big support area. MAJOR Support around that level Bitcoin failing to stay above the 21 EMA, but we could see a move to the upside and that would mean we only just wicked below. Two important resistance levels to keep an eye on. Why i state that we're in a super cycle, is because of the institutional money flowing into bitcoin and mass adoption. Whales are just manipulating the market, through FUD.
COINBASE:BTCUSD
by OVDCrypto
First test of the Weekly 21 EMA this Bull Run? Several months ago I posted a chart and commented on the 2017 Bull Run played off the Weekly 21 EMA. This Bull Run has not tested the Weekly 21 EMA in over 30+ weeks!! It's called a "Moving Average" and the average is way over due. The 21 EMA also lines up with the middle Bollinger Band... I like the confluence. A dip below the 21 WEMA for a day or 2 is possible in order to fill in the VPBR and make a solid Volume Profile. That dip would be to $38-$40K So... In Short more downside would at least graze the Weekly 21 EMA, not touched in 32 Weeks, as long as BTC CLOSES ABOVE the Weekly 21 EMA , all is still healthy. Resets all indicators also. Immediately down and a huge bounce👍 Please reply with your thoughts
BITSTAMP:BTCUSD
by Chefrusty
SPX's weekly update. 2ed week of April 2021- P/E : @ 40 .93 .Third highest reading since "1875"!!! Tops land. " Usually bottom of crashes not tops". - SPX's Dividend Yield: @ 1.45 Possible target is 1.10 2000's bottom !!! US10Y @ 1.666 historically 10y note underperforming SPX in April & it has a sideway movements in April as well. - Insiders: 6 Sell, 2 Buy. No up date on the website, still April 1st reading !!! - Seasonality: April is the best month of the past 20 years & 2ed past 10Y. Max 12.5% Min (-6.1%) with Q2 of post presidential election, since 1950, gain of 5% (already 3.5 % in the firs 10 days LoL !!! - Deviation : Daily - @15.37 % (80 % single pullback) weekly - @39.06% (76% single pullback) and at the edge of a 54% double digits pullback. - Candles Auto recognition : White Marubozu 84 % bullish move NEXT. Nothing 7 months for monthly. - Putt/Call composite @.600 Vs. .597Vs. last week = Still holding Higher Highs/Higher low. Kind of bouncing from 50d MA. Golden Cross looming -Total Option Volume: 478329 Vs. 378667 big increase 25% up from last week. - VIX : In our safe green zone, we hit 16.69 Vs. 17. 40 last week Lowest seen # since last years crash + Closed 2020's "GAP" - VWAP: @ 58.30 = No man's land, closer to up swing.. - DIX : 44% No man's land closer to a bottom or up swing. - GEX : @ 22,999,000,000. 55% tops land, 35 % up swing 10% false signal. (HIGHEST READING IN 2Y) - SPX : Above averages . We are getting 3 of them in the 90s very rare bullishness move here. !!!! - NYSE: Above average nothing to mention. -------------------------------------------------------------------------- Key for this week : 1/ Bullish Barubozu Candle 84% success rate. 2/ Higher Deviation = Higher probability of a pullback. 3/ GEX is the highest in 2 years !!!
SP:SPX
by samitrading
GBPNZD Weekly TF 04/02/2021in this analysis we are focusing on a very long term position which can be kept opened for a year and half or more, we have a simple descending channel and a Fibonacci projection which is having confluences between the parallels leg and lower bound of the channel we have specified the 1 TP as the ATL and it can be achieved probably by mid or end of 2021 and the 2 TP can be for 2022 there is a Green TP zone which should be traded very carefully, we should reanalyze the market when the price had fall to the zoon or 127% of Fibonacci projection
Short
by BitonGroup
USDCHF Long with 2 confluences (Zero Indicators)Confluences: 1: Weekly chart trendline breakout. 2. Trend is bullish with price making Higher Lows and New Highs. Entry: Price is over extended at this point in time. This creates the risk of price pulling back to retest the previous high or the trendline while at the same time creating new higher low. This when we can start looking for entries and reassess the risk reward ratio for this particular trade. Will be looking to take entries later next week if the setup is till valid. Will be looking to holf this position for 3-4 week or until target is reached (Which ever comes first)
Long
by NDOBObanks
USDJPY Long with 2 confluences (Zero Indicators)Confluences: 1: Weekly Chart trendline breakout 2: Trend is bullish as price seems to be making Higher Lows and New Highs on the Weekly Time Frame Entry: We will be looking to enter this trade towards the middle of next week. As we can see by looking at the weekly chart, this is a fresh breakout. There is the risk that price may pull back towards the low of the current week, retest the trendline before continuing bullish. Lets see how the first half of next week plays out. This will give us a chance to reassess the trade as well as the risk reward ratio. Note that the pair is extremely extended so its best to wait for a Higher Low to form before we can start looking for entries.
Long
by NDOBObanks
EURUSD Short with 3 Listed Confluences (Naked Charts)Confluence: 1. Weekly Chart Trendline breakout and close. 2. Weekly Chart Double Top pattern formation (Not textbook style double top pattern). Price seems to have failed to create a new high. 3. Trend is bearish as price is making Lower Highs and New Lows. Entry: The way the market is positioned on the weekly chart shows this is a fresh breakout. 70-80% of the time, traders who enter straight after a breakout pattern occurs are likely to get stopped out. We will be looking to take the trade towards the middle of next week (Wednesday) as price might push back up to retest the trendline so it is important to wait and see how the price moves after the breakout. This will also give us a chance to reassess the risk reward ratio of the trade. Will be holding this trade between 3 - 4 week or until take profit is reached (Whichever comes first).
Short
by NDOBObanks
1
RSI Bearish divergence + Bearish Engulfing on weekly TFBearish divergence As we can see here there is a RSI bearish divergence (also in Daily TF) but as we know 1H and 4H TF have bullish divergence , in weekly BTC is not promising Bearish Engulfing We had such a this engulfing candle in Late 2017 20K which leaded BTC to 3K , now we can see a massive bearish engulfing candle that will close in 11 hours and its absolutely not a good sign for bitcoin. In case of closing this weekly candle as an engulfing one we can expect BTC to reach 12K or 8K (in very low case ) What you think about this situation ? leave your opinion on comment it can help me and many others to take more profit from this monster
BITSTAMP:BTCUSD
by Sharifmoghadam
2
USD/JPY 4-Hour Analysis: Week's Close #1 (26 Feb 2021)The week ends with the market on the USD/JPY pair producing a high at 106.692. It approaches the weekly 50% major level of resistance with both a bearish divergence and a bullish convergence on the RSI, a conflicting information that induces us to think about a continuation in the bullish retracement of the previous weekly downtrend, but also keeping in mind that a double bearish divergence has higher probabilities and the market structure may show clearer signs of reversion to the downside, retracing on the current daily/4h move. In relation to pip advances, the current swing-high has already advanced +47.3 pips above the previous swing-high, which is greater than the previous advance of +45.1 pips, leading us to think that the current upwards move is slightly accelerating. That may be intentional by the market manipulators, in order to grab the liquidity of longs in order to fill their short orders. Bear in mind that individual retracements of each 4h swing-high are increasing, from 59.247% on the first swing, to 61.438% on the second, and lastly 71.806% on the third. If individual retracements on 4h swings keep on increasing at this rate, an over 100% retracement is possible, with price creating a lower low on the market structure, combining with an RSI convergence. All this price action and technical analysis can be considered for a moderate short bias. If you enjoy this analysis, please leave it a like and follow me on TradingView. Tell me what you think about this idea in the comments section below. Other than that, I wish all of you a nice weekend and good trading!
Short
by acsedward
3 White Soldiers on the weekly chart?3 green soldiers aka 3 white soldiers is a very bullish pattern. They also say this is a reversal pattern but we haven't had much of a downtrend from which to reverse from...hard to count the the 2 weekly red candles before it as a downtrend...but being that we are in the vertical part of the bull run parabola odds are good that this pattern should still result in bullish price action from here even through we are more or less still in an uptrend. I am unaware of whether or not a measure move can be taken from this pattern but if someone knows please let me know down in the comments. Thanks for reading *not financial advice*
GEMINI:BTCUSD
by DrDovetail
2