Keeping things simple, stick to the higher time frames, you have all the information you really need. Check my previous ideas for W1 and D1 analysis This idea further strengthens by bearish position (In the short-term) Explanation given in the chart Given the current price action, I'm expecting price to either range or correct (I think a correction is more likely)
On Weekly Chart - After the Cup and Handle BO - Nifty retested the BO zone and bounced forming a Rounding Bottom BO. The Target for RB is 21820. The Multi-year trendline resistance is likely to cross around 21900-22000. Given India Vix BO, Nifty might face sharp correction after testing 21820-21900 levels. Keep a tab on individual stocks and...
ENS is showing strong signs of a bullish move. 🐂 I anticipate the price to rise towards $20 from this point onwards. Let's keep a close eye on it. 🤞 Please note, this is not financial advice. Always do your own research (DYOR) before making any investment decisions. 💼🔍
It seems madness to talk about making a new ATH these days with such a panic in the market due to FED's decision to raise the rates .Please follow the analysis to see if this is really a madness or just being realistic without caring to much about emotions , feelings and NEWS !. What I am proposing here on the chart as wave count is what I can see as...
On the fourth day, we see another attempt towards that upper resistance zone. Never the less, we also sense demand in correction, where with every smaller push we are having, it is just not enough for a breakout of such a big resistance. As you know, we have already opened a position on BTC Short, so the gameplan is still the same. We might see very sweet gains...
I took some profits of my long positions. Looks like SP is getting weaker. I'm still holding many long positions and saving cash to reenter at better prices. I also have puts on PLTR and Roku. I just bought a few puts of SPY expiring tomorrow just for speculation, not risking too much with puts.
On AUDUSD Price is currently trading within a well-defined ascending channel on 1HTF, inside a 4HTF ascending (reversal pattern) this gives an additional confluence. Waiting for price to test the upper dynamic trendline that serves as my support before going short. If you found this helpful, please support your fellow trader with a like.
USDJPY came sharply to the downside recently on the hawkish BoJ which now saying that normalization can happen, possibly in March of 2024. Also, Ueda said that policy change could involve element of surprise . So we evne shoudl be aware of some volatile price moves in weeks ahead, ideally in favour of the JPY. From an Elliott wave perspective we see nice turn...
As the title says: It's run is complete for now. This is a good opportunity to ride this little dump from the current level, $30.50, to at least the 50% retracement line, $23.75.
The market is very overbought. Pullback is a matter of time. As Christmas holiday is coming not sure if it happens in Dec or beginning of Jan. 4330 previously was a strong resistance so I’m expecting this it become strong support durrring market correction.
When the fed starts cutting rates, I start building short
Low volatility is good for the market, but extreme low volatility is not As you can see, a lot of times where the TVC:VIX crossed 12 from below it signaled a correction within a bull market And is not just the VIX, there are other breath indicators that are converging at levels that usually signal correction I normally track the % of SPX stocks above their...
Bitcoin is coming higher this year, moving very sharply through 2023, after a period of a consolidation that has been in play since March till Avgust of this year. We can see a nice and strong rise now, with some sharp extensions above daily base channel resistance lines and 40k area, so we assume that more upside can be seen as recovery is acting like an impulse....
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURUSD has been overall bullish making higher highs and higher lows, and it is currently in a correction phase retesting the red trendline. Moreover, it is approaching a strong demand zone 1.067 🏹 So the highlighted blue circle is a strong area to look for buy setups as...
More of a caution here. Alt bulls are starting to lose a bit of steam here in overbought territory on the RSI. I can't go through all the charts rn but they are all looking fairly similar, overbought on the daily RSI and looking to test major levels of support on the underside. Do what you will with this information but for me personally (as my followers know), I...
Hello everyone! With BTC having a run like it has in such a short amount of time, a logical trader knows that a price correction is massively over due. Using my technical analysis, I have calculated the price of BTC to drop down, within the next 48 hours. Not long after it will bounce back up but not before it goes back down quite a bit. This is just my...
Scenario : After a strong rally, BTC entered a surge around the $37,000 mark, breaking through this zone and gaining a new momentum. With the monthly chart aiming to form a bullish pivot, the daily and weekly charts are highly stressed, requiring a correction. S&P 500 : Healthy, attempting to form a bullish pivot on the monthly chart. Strong resistance at 4600...
As You All Can See Bitcoin Rapidly Growing Without Any Correction Since The Month Of November. But Currently Btc Is At The Point Of Greedness And Liquidity In My Perspective.so Btc Should Take Correction To Show Us A New Way.