The TradingView Digest - April 8thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top ideas from our community, which includes a write-up on Tesla, an informative post about Keltner channels and Bollinger bands, a hot script on trailing stop management, and all the latest headlines, earnings, and economic events.
We hope you find this week's edition exciting and engaging. Let's dive in! 😀
💡 Tesla Stock Down 30% This Year. What Happened to the EV King? - by TradingView
The electric-car maker is in dire need of charging after losing more than $260 billion this year and turning Elon Musk into the biggest loser among the world’s wealthiest. Tesla stepped into 2024 as the world’s largest EV seller with a valuation of more than $780 billion. None of that is true today.
💡 Keltner Channels vs Bollinger Bands - by FXOpen
If you're a trader, you likely know that indicators are valuable tools for identifying trends and determining entry and exit points. Two popular indicators are Keltner Channels and Bollinger Bands. Both help measure volatility, but which one is better? In this article, we'll delve into the differences between the two, explain their components, and discuss which one is best.
🔝 Top Stories
📰 U.S. March Nonfarm Payrolls +303K; Unemployment Rate 3.8%
📰 Johnson & Johnson to Buy Shockwave Medical in $13.1 Billion Deal
📰 Gold Shines Above $2,300, Ends Another Week At Record High
📰 Solar Eclipse On April 8 Could Give Whopping $1.5 Billion Boost To Businesses
📰 New users flock to Ethereum while long-term holders are less active than ever
💵 Earnings highlights from the previous week:
💲 Levi Strauss (LEVI) Q1 Earnings and Revenues Surpass Estimates
💲 BlackBerry reports surprise profit on demand for cybersecurity services
💲 Conagra (CAG) Q3 Earnings Beat, Organic Sales Decline Y/Y
💲 Lamb Weston (LW) Q3 Earnings Lag Estimates, Guidance Lowered
💲 Greenbrier 2Q Revenue Declines But Beats Wall Street's Forecast
💡 Nvidia - Entering a Bear Phase! - by basictradingtv
For more than 6 years, Nvidia stock has been trading in a long-term rising channel formation. The last retest of support occurred in 2021, followed by a +650% rally to the upside. As of now, Nvidia stock is retesting the upper resistance of the channel, and we might see a short-term correction towards the downside to retest the previous all-time high.
💡 Don't Get Duped by the RSI - by ParabolicP
The Relative Strength Index (RSI) is a common technical analysis tool used by traders to gauge whether an asset is overbought (priced too high) or oversold (priced too low). It analyzes price movements over a specific period (often 14 days) and displays a score between 0 and 100. Generally, an RSI above 70 suggests an overbought condition, while an RSI below 30 suggests an oversold condition.
📆 Economic Calendar
⚡️ April 10th (United States) — Core Inflation Rate YoY
⚡️ April 10th (United States) — Inflation Rate YoY
⚡️ April 10th (United States) — FOMC Minutes
⚡️ April 12th (United States) — Michigan Consumer Sentiment Prel
⚡️ April 16th (China) — GDP Growth Rate YoY
🔥 What's New?
✅ New chart type — Volume candles
🌟 Script of the Week
📜 Trailing Management - by Zeiierman
This tool provides an automated and visual approach to trailing stop management, aiding in systematic decision-making for trade entries and exits based on risk-reward metrics.
💭 Our Weekly Thought:
“The trend is your friend.”
We hope you found this helpful. Please share your feedback, remarks, or suggestions with us in the comments below.
💖 TradingView Team
📣 Want to be among the first to know all the news? Give us a follow !
Whatsnew
The TradingView Digest - April 3rdHey there! Welcome back to the TradingView Weekly Digest. We are thrilled to announce the successful conclusion of our first-ever paper trading competition - The Leap ! With immense joy, we share that over 90,000 traders enthusiastically participated, executing a staggering 2,700,000 trades and securing an impressive $119 million in profits. Heartiest congratulations to all the winners, and our sincere gratitude to every participant for their overwhelming love and support.
In this edition, we’re excited to spotlight the top posts and ideas from our community. This includes an informative post on using stop-loss orders , a write-up on trading symmetrical triangle patterns , a hot script on volumes , and all the latest headlines , earnings , and economic events .
We hope you find this week's edition exciting and engaging. And don't forget to participate in our Bitcoin halving contest for a chance to win our exclusive T-shirt. Without further ado, let's dive right in! 😀
💡 How to Use Stop Loss Orders in Trading? - by TradingView
In trading, reducing risks is oftentimes all that matters to achieving success. One of the essential tools to protect your investments from steep or unexpected losses is the stop loss order. Understanding how to use stop loss orders can unlock your path to profitability by allowing you to balance your risk and reward ratio.
💡 A Comprehensive Guide to Fibonacci Retracements - by XForceGlobal
Fibonacci Retracements are a set of ratios defined by the mathematically important Fibonacci sequence. This allows traders to identify key levels of support and resistance for price action. The Fibonacci retracement tool, although widely used by many traders, is almost always not correctly used by new traders.
💡 Bitcoin Halving Contest: Time’s Ticking, But When’s It Kicking? - by TradingView
Buckle up, crypto enthusiasts! The Bitcoin Halving is on the horizon, and the countdown has begun. But here’s the twist - every Bitcoin clock out there is telling a different time for when block 840,000 will hit the scene. It’s like they’re all watching different episodes of the same thrilling show. 🍿
🔝 Top Stories
📰 Japan Manufacturers Sentiment Deteriorated for First Time in Four Quarters
📰 AMC Shares Drop 14% to Hover Near Record Lows After Filing to Sell $250M of Stock
📰 Reddit Stock Can’t Get Off the Volatility Train After Another Double-Digit Drop
📰 Bitcoin Halving Countdown: BTC Skyrockets to $71,000 Amidst Market Anticipation
📰 SEC May Delay Ethereum ETF Until December: Bitwise
💵 Earnings highlights from the previous week:
💲 McCormick (MKC) Q1 Earnings & Sales Top Estimates, Grow Y/Y
💲 GameStop Q4 Earnings Highlights: Retail Favorite Stock Plunges After Revenue, EPS Miss
💲 Compared to Estimates, Carnival (CCL) Q1 Earnings: A Look at Key Metrics
💲 Jefferies Financial Group Fiscal Q1 Earnings, Revenue Rise; Dividend Maintained
💲 Walgreens Sees Steep Loss After Major Write-Down of Clinic Operator VillageMD
💡 How To Trade A Symmetrical Triangle Break-Out - by TVM_MENA
A symmetrical triangle is a geometric formation found in technical analysis, often appearing during periods of market consolidation. It's characterized by converging trendlines, typically drawn by connecting a series of lower highs and higher lows. This pattern reflects a balance between buyers and sellers, signaling indecision in the market regarding the future price direction.
💡 Bitcoin Heading Below 20K is A Good Thing! - by WicktatorFX/
This one is a bit of a hack but follows on from my video on how to set 'Stop Losses' on TradingView for Connected Brokers. To set a trailing stop loss, you need to open your broker account, place the trade there, and it will then be reflected on the TradingView interface.
📆 Economic Calendar
⚡️ April 3rd (United States) — Fed Chair Powell Speech
⚡️ April 5th (Canada) — Unemployment Rate
⚡️ April 5th (United States) — Non Farm Payrolls
⚡️ April 5th (United States) — Unemployment Rate
🔥 What's New
✅ New launch: predict market activity with unerring accuracy
✅ Scan your watchlists in Stock, ETF, and Crypto Coins screeners
🌟 Script of the Week
📜 Periodic Activity Tracker - by LuxAlgo
This tool visualizes cumulative buy and sell volume for user-defined periods, offering insights into volume dynamics with customizable options.
💭 Our Weekly Thought:
“ Weak traders focus on results - Strong traders focus on process. ”
We hope you found this helpful. Please share your feedback, remarks, or suggestions with us in the comments below.
💖 TradingView Team
📣 Want to be among the first to know all the news? Give us a follow!
The TradingView Digest - March 19thHello everyone! Welcome back to the TradingView Weekly Digest. We’re thrilled to bring you even more reasons to stay connected with the TradingView account. As part of our commitment to constantly evolve and improve our offerings for you, our dedicated users, this edition includes a special “What’s New “ section. In it, we explore the latest enhancements and additions to our platform, ensuring you're always up-to-date with our most recent advancements.
In today’s roundup, we’re excited to showcase the top posts from our vibrant community. Highlights include an insightful article on the history of Bitcoin, a trading strategy based on the Fibonacci tool, a new script for visualizing your equity curve, along with all the latest headlines, earnings reports, and economic events.
We hope you find this week's edition informative and engaging. Let's dive in! 😀
💡 History of Bitcoin: The Underdog That Rewired Finance - by TradingView
Bitcoin, a phenomenon that emerged at the onset of the 2008 financial crisis, has changed the way we think about money. To celebrate the token’s $73,000 milestone, we trace its origin story and look ahead into the future. To infinity… and beyond?
💡 Fibonacci Trading Strategy For Beginners - by VasilyTrader
I am excited to reveal a powerful Fibonacci trading strategy that I learned many years ago. It integrates structural analysis, Fibonacci retracement and extension levels, and candlestick analysis. When applied correctly, this strategy has the potential to yield a winning rate of over 60%.
📰 Top Stories
Adobe Stock Crashes 12% on Weak Guidance, Net Income Slashed in Half to $620M
China's Central Bank Keeps Key Policy Rates Steady
SOL, BOME Trend on Social Media as Ether, Bitcoin Lag
Nissan, Honda Shares Rise Sharply After EV Tie-Up Plan
Apple in talks to let Google's Gemini power iPhone AI features, Bloomberg News says
💵 Earnings highlights from the previous week:
Dollar Tree's Fiscal Q4 Adjusted Earnings, Revenue Rise
Williams-Sonoma's (WSM) Stock Up on Q4 Earnings & Revenue Beat
UiPath (PATH) Q4 Earnings and Revenues Beat Estimates
KT reports record-high earnings in 2023
MorphoSys AG reports results for the quarter ended in December
💡 When will Bitcoin Reach the Cycle Top - by FieryTrading
In this analysis, I am providing an educated estimation for the timeframe within which Bitcoin may reach its peak during this cycle. You can observe Bitcoin's price movements spanning the past 13 years depicted on a 2-week chart. Essentially, it typically takes between 17 to 24 bars (equivalent to 34 to 48 weeks) before Bitcoin reaches its cycle peak, with an average duration of 20 bars.
💡 Help Shape the Future of TradingView Content - by TradingView
Hello, TradingView community! As we continue to grow and evolve, our commitment to providing value to our users remains paramount. At TradingView, we understand that our users are at the heart of everything we do. This is why we constantly strive to offer content that enriches your trading experience, empowers your decisions, and nurtures your growth as a trader.
📆 Economic Calendar
⚡️ 19th March (Japan) — BoJ Interest Rate Decision
⚡️ 19th March (Canada) — Inflation Rate YoY
⚡️ 20th March (United States) — Fed Interest Rate Decision
⚡️ 20th March (United States) — FOMC Economic Projections
⚡️ 21th March (United Kingdom) — BoE Interest Rate Decision
⚡️ 22nd March (Japan) — Inflation Rate YoY
🔥 What's New?
✅ JFX forex data — now accessible on TradingView
✅ Enhancing DeFi trading: TradingView partners with QuickSwap
✅ Improved data of BIST futures: make use of settlement prices, back-adjustment, and Open interest
✅ Chart view in Stock, ETF, and Crypto coins screeners
🌟 Script of the Week
📜 Risk Management Chart - by NoveltyTrade
This script simulates multiple equity curves based on user-defined win-loss and risk-reward parameters, allowing visualization and analysis of risk management strategies.
💭 Our Weekly Thought:
“ Plan the trade, see the trade, feel the trade. ”
We hope you found this helpful. Please share your feedback, thoughts, or suggestions with us in the comments below.
With 💖, TradingView Team
📣 Want to be among the first to know all the news? Give us a follow!
