Rejection in the playRejecting from W 0.618 and closing below the upward trendline makes this is perfect candidate to short. Dropping below 4100 will open doors for 3750 - 3330 if continue to see the downfall in the IT sector.
Disc - Personal views trade according to your analysis and risk appetites
Breakdown
daily chart analysis for SUMICHEMStock analysis for SUMITOMO CHEMICAL IND LTD
keep watching add to watch list
price falling each time when touches to upper trend line
with conforming signal by RSI falling when it touch to 70
again price is testing upper trend line and RSI at 70 from here we can expect down side move in stock to lower trend line
if price successfully closes above upper trend line then it may go more up side
if price breakdown the lower trend line then rsi trend line will also break then will consider it more fresh selling and fall in price
USDJPY | Perspective for the new week | follow-up detailsAfter being part of the second wave of the bullish journey that began 3 months ago; the appearance of a reversal pattern on the 4H timeframe might just be a signal that selling momentum is evolving behind the scenes as we head into the new week. In this video, I shared my technical opinion and how I plan to trade the USDJPY in the coming week.
since Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Ethereum Merge Coil: BreakdownTrade Plan
The market is digesting the breakdown of support at 1529 and consolidating above the lower boundary of a triangle on the daily chart (see related idea below). Look to initialise a short position on signs of weakness during retest of resistance at 1529.
Key Takeaways
Price is currently below long term support at 1529
The bottom boundary of a triangle that began in late July is providing support
The recent decline from the September high showed multiple signs of weakness
Price Action Analysis
On September 10, buyers made an unconvincing attempt to push price higher marked by point 1 on the chart. The majority of price action on the following day took place inside of the September 10 range. At the end of the day on September 11 we get confirmation on the weakness of the breakout in the form of two consecutive wide range, high volume bars marked by point 2 on the chart.
Price hovered around 1715 until September 13, when sellers entered the market in earnest. Price broke through support at 1715, falling more than 8% in under 4 hours on the highest volume since June 16. The decline marked the end of the rally from the August 29 low.
Prices traded listlessly through September 14. At point 4, we see four price bars oscillating in a tight range on increasing volume indicating that supply and demand are reaching a tipping point. At point 5, the sellers make it clear that they are in control and push prices down below support at 1529.
At point 5, prices breakdown below support at 1529 before finding support at the bottom boundary of the price coil on the daily chart.
Throughout the decline from point 1 to 5, volume has risen steadily with each break of support occurring on strong volume.
BNB/USDT SHORT SCALP SETUP! Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BNB trade setup.
BNB is forming a bearish pennant pattern in 30 min TF and looks bearish here. Open a short position here and add more to the upside.
Targets:- $270/$265/$260/$255
SL:- $283
Lev:- 20x
If you like this idea then do support it with like and follow.
Thank You!
XAU/USD Rebounds Again!• On the H1 chart, you can see that XAU/USD found support just beneath the downside line of the channel. Only a false breakdown and an upside turn were registered. It tested the S1 (1,706) static resistance (support turned into resistance).
• It has formed a flag pattern in the near term, which is considered a bearish formation. Major uphill challenges are represented by 1,711 and the downtrend line.
• "Keep it Simple", Good Luck!
Bitcoin Detailed Top-Down Analysis - Day 55Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
54 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
ETH: Sell the breakEthereum
Intraday - We look to Sell a break of 1526 (stop at 1571)
1527 has been pivotal. A break of the recent low at 1527 should result in a further move lower. Daily signals are mildly bearish. Our short term bias remains negative.
Our profit targets will be 1424 and 1394
Resistance: 1700 / 1750 / 1800
Support: 1600 / 1550 / 1500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
TWO signals for xauusd (gold)hello guys
i have 2 signals for xauusd:
first one is when price break down this level and you can get a short positin.
second one is when prica reach to QML and you can get long position
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
BE PROFITABLE
ETH: BREAKDOWN! LOOKS BEARISH!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ETH update.
ETH looks bad here. Breaks down from the ascending parallel channel and also breaks below from the important support zone. We might see more drops in ETH from here.
The next support levels are:- $1460/$1350/$1270
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank you!
FL: Correction due?Foot Locker
Short Term - We look to Sell a break of 37.95 (stop at 42.06)
This stock has recently been in the news headlines. We are trading at overbought extremes. A lower correction is expected. A break of 38.00 is needed to confirm follow through negative momentum. Further downside is expected.
Our profit targets will be 28.32 and 24.00
Resistance: 42.00 / 48.00 / 58.00
Support: 28.00 / 24.00 / 18.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
EURUSD | Perspective for the new week | Follow-up detailsThe Euro was unable to hold to its two-day gains, as it dropped and closed below the new key level at the $1.02800 area to set the tone for a possible risk of further decline in the coming week. In this video, I have explained in detail the possible expectations that we could be seeing this week and how I intend to take advantage of the bearish momentum when structures eventually mature for the move.
Last week's update on the EURUSD is here 👉🏽👉🏽https://www.tradingview.com/chart/EURUSD/BcmHVaoY-EURUSD-Perspective-for-the-new-week/
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
BTC: BREAKS DOWN! LOOKS BAD HERE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. In my previous BTC update, I told you that BTC is at resistance and if it breaks the resistance then we see $30 soon but BTC is unable to break the resistance and got rejected badly.
Now, BTC is not looking good in the daily time frame. It breaks down from the rising wedge-like structure in the daily time frame. RSI is also breaking its uptrend.
The last two times when this happened we have seen a 30-35% drop in the price of BTC. BTC needs a daily close above $25k to invalidate this scenario else is ready for more drops.
What do you guys think about this?
Do you think that we again see a 30-35% downside move or do you think that this is a fakeout?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Breakout of the drop what’s next?!Neckline support broke and the uptrend .. saw this big drop of a breakdown.
Should test down 1560 area for a short buy retest.
If that important area breaks prepare for your worst for another big down fall.
Suggest buy zone of accumulation at 500 area to breakout of the downtrend in order to skyrocket from over 10 percent gains
USDJPY | Perspective for the new weekThe USDJPY has been on a robust bullish momentum since the beginning of the year and despite the breakdown of the trend structure; the extremely positive jobs numbers from the NFP make it more likely the trend isn't over yet. In this video, I have exp [lained what my expectations are this week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
If 1 hr head and shoulders reaches full breakdown trgt= 19.5k1 hour patterns tend to not reach their full targets a lot more often than the time frames that are 1 day or longer…however if we are still inside the larger downtrend then hitting the full target is a high probability. Lots of doom expected this week which could lead to further bearish patterns after this one. Will have to wait and see if we can get an encouraging bounce once this breakdown is over. *not financial advice*
USDCHF | Perspective for the new weekThe current technical structure suggests that the USDCHF remains pressured into a risk of a further decline in price. The appearance of a strong reversal pattern on the 4H timeframe gives me added reason to hold a bearish bias for the new week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
QNT is breaking down!?After trading in range for 10 days Quant is trying to break the support of the structure at $93.
First important support to watch for longs (if holds) is around $68.
In case Bitcoin crashes to $17k or even lower, QNT is likely to break $50 again.
To enter in a long-term bull market QNT needs a clean break above $150.
A BUNCH OF CANDLES...this setup low key looks like a chaos but i just thought it to be kinda cool, so im posting it here just for the record. apple's doing all sorts really. oh and also i think the price will go down eventually next week cause of the bearish candle and the resistance.
Happy Trading !!!
USDCAD | New perspectiveThe USDCAD appears to be aiming for a bullish moment in the new week after identifying multiple rejections of the 1.28500 area by the buyers. However, we cannot ignore the possibility of a bearish momentum drive after witnessing the breakdown of the bullish trendline identified in the daily timeframe.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.