PriceActionTrader1

PriceActionTrader1 Dec 4, 2022

BITSTAMP:BTCUSD has been trading in a downtrend for quite a while and had many investors worried. It is still in an overall downtrend but looking at lower timeframe, it seems to have stalled for now and looks like it could make a short upside move if it succeeds in breaking the resistance level. On a daily timeframe, price is consolidating near the resistance...

PriceActionTrader1 Sep 25, 2022

Hello Friends, AMEX:SPY has shed a lot of value in a week but there seems to be some good news if you're looking for a very short term bullish trade. We will have to understand supply/demand levels on multiple time frames. In a daily TF, Price opened gap down, approached a daily/weekly demand zone and closed within top 33.3% of a candle range(Bullish Pin bar...

PriceActionTrader1 Updated  Sep 13, 2022

NASDAQ:AMZN is in a long term downtrend and is likely to continue downtrend unless market shows signs of recovery. However, It has approached a demand zone after 4 days of selling streak. I have highlighted demand zone on the chart. I have used anchored VWAP(if you don't know how to use anchored VWAP then check it out here - www.tradingview.com ). I have...

PriceActionTrader1 Updated  Sep 13, 2022

Hello friends, Let's understand Multi-timeframe analysis for AMEX:SPY . Daily TF: Recent price action suggest that a short pullback could be seen in SPY as it is approaching the demand zone. 45 minutes TF: Below are the confirmation signs that suggests a pullback. 1) Price is approaching daily demand zone - Buying pressure may step in 2) Price is...

PriceActionTrader1 Sep 5, 2022

NSE:ZYDUSLIFE was trading in a downtrend from July 2021 to May 2022 until it stopped making lower lows. It traded in sideways (accumulation phase) for past 3 months and finally broke out of sideways price action recently. Let's take a deep dive to understand the trading opportunity in ZYDUSLIFE. Multi timeframe analysis - Weekly TF(Higher timeframe) - Below...

PriceActionTrader1 Aug 19, 2022

Hello friends, Market finally picked a direction and it looks like it's gonna continue downtrend. Many novice traders are long biased and they find it very difficult to trade in down-trending market. Today, I am going to share a simple strategy for making quick gains by trading pullback in a downtrend. Below is a chart of NASDAQ:AMZN in daily timeframe. You...

PriceActionTrader1 Aug 8, 2022

Let's understand multi timeframe analysis for NYSE:JNPR . Price has forming bullish harmonic shark pattern and has shown strong reversal with very high volume from PRZ(Price Reversal Zone). Weekly TF - Price re-tested a strong demand zone in Weekly timeframe. RSI is forming bullish divergence. Daily TF - Price re-tested a strong demand zone in Daily...

PriceActionTrader1 Updated  Aug 2, 2022

Let's understand multi timeframe analysis for NSE:TITAN . Weekly TF - NSE:TITAN has been trading in a falling wedge pattern (LH-LL) and has recently re-tested a major demand zone. A bullish engulfing candlestick has been formed. There's an additional confluence of Harmonic Cypher PRZ around 1880. Daily TF - Bullish RSI divergence has been seen on daily...

PriceActionTrader1 Aug 2, 2022

Let's understand multi timeframe analysis for NSE:5PAISA . 1. Price has forming bullish harmonic bat pattern and is currently standing at a PRZ(Price Reversal Zone). 2. Price is approaching a key demand level in weekly and monthly timeframe. 3. After making a consecutive LH-LL structure, price has finally made a HL which could suggest a reversal of a trend....

PriceActionTrader1 Jun 26, 2022

NYMEX:CL1! made a high but it failed to sustain at that level. Supply-demand imbalance was created and massive supply influx caused the price to fall down. That created a supply zone. Let's talk about how to trade this. Find Demand/Supply Imbalance Zone in Higher time frame. Mark the supply zone and Set a price alert just below supply zone to know when the...

PriceActionTrader1 Updated  Jun 25, 2022

After a strong bull run for more than 12 months (May 2020 - July 2021), NASDAQ:PYPL has been trending lower. It has respected trendline resistance very well and continued making lower highs and lower lows. Bearish momentum seems to have slowed down and price doesn't seem to go any lower. It has reached the long term support level of 73. It is also forming...

PriceActionTrader1 Jun 24, 2022

NYSE:DASH has formed falling wedge pattern and recently did a breakout. Additionally, It has formed a double bottom and there's a RSI bullish divergence on daily time frame. If price breaks above double bottom neckline, bullish trend will be confirmed and bullish entry can be taken upon retest of a neckline.

PriceActionTrader1 Updated  Jun 20, 2022

NSE:BEML has been trading in downtrend due to market weakness and has also broken the neckline support. It has activated two possible harmonic patterns, Butterfly and Deep Carb. Targets are 1040 (target #1) and 760 (target #2) respectively. Both targets are very important levels. So price might reverse from either of them, most likely from target#1. If market...

PriceActionTrader1 Updated  Jun 20, 2022

NSE:ASIANPAINT had a good run up until recently and now it seems to have been topped out. In Weekly chart, rising wedge structure is formed and volume has declined with it. It suggests that buyers are losing the grip and sudden fall to 2625 with heavy volume confirms the reversal. Buyers stepped in from 2625 level and took the price higher but subsequent price...

PriceActionTrader1 Jun 18, 2022

Let's understand multi timeframe analysis for NSE:TECHM . NSE:TECHM is closely following NSE:CNXIT . Weekly TF - CNXIT did a major rally after sudden fall in march 2020, made a strong base in early 2021 and then did another rally in second half of 2021. Price has been falling since January 2022 and now it has reached at a monthly/weekly/daily demand zone....

PriceActionTrader1 Updated  Jun 14, 2022

BITSTAMP:BTCUSD has been trading in downtrend and recently pulled back but looks week on daily and might not carry the momentum longer. It also formed potential Cypher/Shark harmonic patterns and possible targets are at 21578(target#1) and 16040(target#2). 200 SMA is also around target#1 so it might bounce from there. It is also forming narrow TTM Squeeze....

PriceActionTrader1 Jun 12, 2022

Let's look at the multi time frame analysis to get a better view of the trend of NSE:GMRINFRA . Monthly timeframe - It had given multi year breakout and made a new 52 week high in 2021. It's been retracing with decreasing volume since then. It also looks like previous resistance is now acting as a support and based on the candlestick analysis it looks like it...

PriceActionTrader1 Jun 12, 2022

NSE:ZOMATO had been trading in a downtrend for months and now seems like it found a bottom. It made a falling wedge structure in a downtrend which indicates that selling pressure is getting weaker and buyers are stepping in. It broke out of falling wedge resistance and now trying to take a support at the breakout level. If it succeeds in breaking 75 level, We...