Buysetup
GoldViewFX - RANGE BOXING = RANGE VIEW - STRATEGYHey All,
We had some great feedback from our back to BENCHMARK strategy (see related post below) and wanted to share another simple strategy that I have been developing and using for many years that I call, Range Boxing. A term I thought was the perfect cliche of two words for this strategy.
RANGE BOXING creates what we call a RANGE VIEW; A clear view for price action within pre-determined zones. This then allows us to trade a ranging market and get out before a RANGE BREAKER or gear up to ride the RANGEBREAKER by identifying the RANGE SHIFT. I will define each term below and then walk you through the strategy.
RANGE SHIFT
This is the early signs of a range breaker or a merger of a range and allows us to start identifying when the price is about to break out of a range or MERGE (more likely).
RANGE BREAKER
The break out of the range into another range confirmed with EMA5 break and candle body close above or below the RANGE BOX
RANGE BOX
Boxes created around a side by side price range, defining the top and bottom of the box with EMA5 Goldturns (See all my previous posts on Goldturns) Its the way we draw SUPPORT and RESISTANCE. They create levels with less noise and more suited to trade Gold. Please see example below of a RANGE BOX, created using GOLDTURNS.
RANGE VIEW
This is created by using historical range boxes in the same range and bringing over the boxes to the current price range. This now gives you the view of the projected range.
HOW TO USE THE STRATEGY
Strategy can be used on higher time frames for longer term direction, however I find it more effective to trade with on the 1 HOUR and or 4 HOUR chart.
I zoom out of the chart and look for the last time the price was in this range and identify the 3 ranges. One range above (RANGE1), the middle range (RANGE 2) and the bottom range (RANGE 3).
I then created boxes around those ranges 1,2 and 3 using the highs and lows of the Goldturn levels. (See example above).
Once this is done, I now bring those boxes and stretch the boxes across to the current price range. This now gives us the RANGE VIEW. I always put a half line across the range of a RANGE VIEW. It allows me to break down the zone to identify the RANGE SHIFT.
I can now trade the current range using these levels, bouncing up and down the range. Identifying each level break and rejection using Goldturns and EMA5 breaks. If a box is broken with EMA5 and a candle body close, its a range breaker and it opens target to the entrance of the next RANGE BOX. To enter the RANGE BOX we again look for EMA5 to break inside with a candle body close, which then confirms movement to the half line and then same again for the target to the top of the RANGE BOX. A rejection by resistance, will then have the price come back down to find support, until we see another breakout.
We can start to identify early breakouts by identifying a RANGE SHIFT and a fake BREAKOUT by Goldturn rejection. Please see the example of the chart, RANGE 3 into RANGE 2. When the half line is broken up from range 3, price started to find support on the half line from resistance to support. This allowed us to identify the structure for a RANGE SHIFT. RANGE SHIFT's are easier to catch then a RANGE BREAKER, as a RANGE SHIFT is a merger approach into a new range.
I can now also apply the Back to BENCHMARK strategy, as an overlay on each range to support a BREAKOUT or RANGE SHIFT.
I hope you all find this setup useful and it adds as an additional tool to support your trading analysis.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - BACK TO BENCHMARK - BASIC ANALYSIS STRATEGYWe promised to share this with some of our newbies and thought it would be good to share it with you all.
This is a prime example of how any Fundamental event related spikes up or down, come back to where the spike started; we refer to this, as Benchmark at GoldView. The framework resets when a strong Range breaker shifts two ranges and in that case it will retrace half the Benchmark.
Looking at current chart, we have done half way, so either it pushes up from here or the lowest we can see it go to for now is 1814.
Hope this helps,
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H Chart LEVELS & TARGETS$$We have been posting upon post about being in a Bullish structure for weeks with our ideas and needless to say all our ideas have played out and our plans on buying dips throughout the month has paid off.
We have drawn a Goldturn channel, which has been respected well and price has been supported well, at the bottom of the channel. Its not had much play in the upper part of the channel. However price has now broken the half line of the channel. If price can now find support on this half line, it will re-affirm movement to the upper levels.
1856 is the next target, which it can go do now or ideally we would like to see some retracement, support and then push up. This will then allow us to get some good entries. Should we get a strong rejection on this zone, which is likely at the upper levels going by historical data, we will update our plans accordingly and share with our followers.
1H CHART
This was posted this morning before the movement up. We identified 1847, as the next target. This was done perfectly!
For our new followers; please see related posts below, to see how we called the movements before they happened!
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GoldViewFX
XAUUSD TOP AUTHOR
47 % profit setups !hello
I hope everybody is fine.
after trendline breakout and retest on it, it's the safest way to trade ( but who knows the future and nothing is really " safe ")
you can also buy here !
these are my 2 paths about VRA
if we lose the 0.026 and see a retest on it, the drop will continue
.....
not financial advice!
BULLISH OR BEARISH ?HELLO EVERYBODY !!!!
after trading this bad boy with trendline analysis and hitting the almost 29 $ target, we are touching the trendline.
The first target is 28 $ which is 25 % profit !
this is BTC pair.
got rejected from the resistance.
looking for reversal or touching the trendline as well.
.....
not financial advice!
AMD: BULL FLAG ?AMD :
Nice descending/consolidation channel after a sharp rise.
It looks like a bull flag until proven otherwise.
Which means one could buy the test of the lower line around 128 for a potential bounce towards the upper line, and potential further continuation up (if Nasdaq does not collapse). So if I get the price I want, it'll be a swing trade for me.
Manage your risk with a stop loss cuz the the current environment is not risk on.
Trade safe!
GoldViewFX - H1 Updated LEVELS & TARGETS$$Our upper levels have opened up and we have drawn the Goldturns to cover this range by taking historical data in this same price range with targets up to 1847 and above. The upper part of the GOLDTURN channel drawn using Goldturns is sitting at 1862.
We are expecting another push up, however we may get some retracement to 1830 level to find some support. We have updated the chart with all the Goldturn support and resistance levels to follow. We will watch how EMA5 challenges these levels to confirm direction and sequence of the movement.
Our plans to buy dips still remain, as the bullish structure is still in play. If this changes we will update our plans accordingly.
DAILY CHART
EMA5 has broken 1818 daily chart Goldturn opening gap to 1850.
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GoldViewFX
XAUUSD TOP AUTHOR
BNB. AI Intra day Trade example.Here we have a nice set up where a pattern matches the AI.
At 8am we have a potential daily low which ties in with a Gartley pattern.
The pattern has already completed so the move might've already started.
The target for this move is the ABCD pattern of 481.
The AI gives us potential turn points for the day and for today it looks to be a trend day to the upside.
$BERY breaking out of its ~8 month base!* Excellent earnings quarter over quarter
* Strong up trend in the long term
* Incredibly high 3-month relative strength of 20.49 in the Consumer Cyclical sector
* Breaking out of a ~8 month base with higher than average volume
* Base depth is ~21.5% hence the max probable ROI for this trade would be ~21.5% if the trade goes in our favor
* Recently broke above its all-time-highs indicated by the red line at $60.77 and retested it as support
Trade idea:
* The price is just breaking out of its base for the second time.
* Earnings coming up and can be expected to give a positive surprise.
NOTE:
* Given the current market conditions, it is suggested that we sit in cash.
* But, if you are willing to still jump in, now would be a great time as the price is just breaking out.
* If you are looking for a better entry, you can look for an entry around the $70.90 area.
* If you have access to volume profiles you can see that the $70.9 area did get quite a bit of volume.
* So, if this does break back below $72.95 we can expect the $70.9 area to hold as support while the general market corrects.
GoldViewFX - Daily Chart UPDATE and TARGETSThis is an update from our previous Daily chart update.
We were observing the challenge on the 1818 Goldturn Level last two days to see how EMA5 locks on this location. EMA5 has failed to cross above the 1818 Goldturn level. A rejection here, we can see from historical challenges can follow with movement down and open target to 1801.
Although we remain buying dips, as the structure for our setup remains Bullish, we will expect some movement down. Signals activated here we will take both ways and risk manage this range 1801 -1818.
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GoldViewFX
XAUUSD TOP AUTHOR
$SOFISoFi Technologies, Inc. company announced that the OCC and the Federal Reserve approved its applications to become a Bank Holding Company through its proposed acquisition of Golden Pacific Bancorp and operate its bank subsidiary as SoFi Bank, National Assoc
Acquisition expected to close in February, Morgan Stanley Maintains Overweight price target 20, Rosenblatt Maintains Buy price target 28
SoFi Receives Regulatory Approval to Become a National Bank
SAN FRANCISCO, January 18, 2022--(BUSINESS WIRE)--SoFi Technologies, Inc. ("SoFi"), the digital personal finance company, today announced that the Office of the Comptroller of the Currency (OCC) and the Federal Reserve have approved its applications to become a Bank Holding Company through its proposed acquisition of Golden Pacific Bancorp, Inc., and operate its bank subsidiary as SoFi Bank, National Association. SoFi expects the acquisition to close in February, subject to completion or waiver of the remaining customary closing conditions.
"This incredible milestone elevates our ability to help even more people get their money right and realize their ambitions," said Anthony Noto, CEO of SoFi. "With a national bank charter, not only will we be able to lend at even more competitive interest rates and provide our members with high-yielding interest in checking and savings, it will also enhance our financial products and services to ensure they efficiently meet the needs of our members, business partners, and communities across the country, while continuing to uphold a high bar of regulatory standards and compliance. This important step allows us to add to our broad suite of financial products and services to better be there for our members during the major financial moments in their lives and all of the moments in between. I’m incredibly proud of our team and excited about the opportunities ahead to help even more people achieve financial independence."
Last year, in a key strategic step in SoFi’s path to obtaining a national bank charter, the company announced a definitive agreement by its subsidiary Social Finance, Inc. to acquire Golden Pacific Bancorp, Inc. (OTCPK: GPBI) and its wholly owned subsidiary Golden Pacific Bank, N.A. (together, "GPB"). SoFi plans to contribute $750 million in capital and pursue its national, digital business plan while maintaining GPB’s community bank business and footprint, including GPB’s current three physical branches. At the time of the announcement, SoFi submitted a revised business plan for GPB to the OCC and an application to become a bank holding company and for a change of control to the Federal Reserve for approval. After completing the acquisition of GPB, SoFi Technologies, Inc. (NASDAQ: SoFi) will become the parent company of SoFi Bank, National Association.
About SoFi
SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing and protecting give our nearly three million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. SoFi is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. For more information, visit SoFi.com or download our iOS and Android apps.
$PSTIBiotechnology Company Pluristem, and Israel’s Largest Food Producer Tnuva, Launch Landmark Collaboration to Establish Cultured Food Platform
Eyal Malis, CEO, Tnuva Group
Collaboration uniquely combines Pluristem’s technological expertise in mass-scale, cost-effective, consistent cell production with Tnuva’s power multipliers in consumer-packaged goods, research and development (R&D), consumer branding marketing, and sales and distribution with the goal to accelerate time to market
Tnuva Group is Israel's largest food conglomerate, founded 96 years ago, with over $2 billion dollars in annual revenues
The collaboration aligns with Pluristem’s strategy of leveraging its cell-based technology platform in key partnerships
Pluristem to host online investor and analyst call on January 11 at 9:00 am EST (4:00 pm IST)
HAIFA, Israel, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Pluristem Therapeutics Inc. (Nasdaq: PSTI) (TASE: PSTI) (“Pluristem” or “the Company”), a leading biotechnology company, and Tnuva Group (“Tnuva Group" or “Tnuva”), Israel’s largest food producer, (together, “Parties”) today announced the launch of an innovative collaboration to develop, manufacture and commercialize cultured cell-based products for the food industry. The collaboration started with the incorporation of a new company (“NewCo”), that will receive exclusive, global, royalty bearing licensing rights to use Pluristem’s proprietary technology, intellectual property and knowhow, to be used in the field of cultured meat.
Tnuva Group will invest $7.5 million in NewCo, according to a pre-money valuation of $40 million, with the option to invest up to an additional $7.5 million over a period of 12 months following the closing. NewCo will use its own funding and resources to promote its mission with a dedicated management team and staff, and Pluristem will support the establishment, research and development activities of NewCo pursuant to a services agreement. Tnuva will provide the R&D platform to develop consumer products and will receive preferred marketing rights of any developed NewCo’s products in Israel.
Pluristem has the industry-leading capacity to design, develop, and manufacture cells for commercial use. Over the last two decades, the Company developed a proprietary three-dimensional (3D) expansion platform that can produce high-quality cells in a cost-effective manner with batch-to-batch consistency. According to both Parties’ estimates and plans, NewCo intends to present its technology Proof of Concept in 2022, with the goal of launching its first raw cultured meat product in 2023.
As part of the collaboration, the Parties may expand the collaboration to include cultured dairy and cultured fish products by establishing separate, new ventures.
Haim Gavrieli, Chairman of Tnuva Group: “Our collaboration with Pluristem is part of the execution of Tnuva Group’s strategy and vision. Tnuva strives to lead the alternative protein industry in Israel and to continue to expand in the industry on a global scale. We chose to collaborate with Pluristem because we believe it owns one of the most advanced cell production technologies in the world. We expect the collaboration between the companies to revolutionize the cultured food industry and develop the next generation of alternative proteins.”
Zami Aberman, Chairman of Pluristem: “Both Parties are leading companies in their fields, each with proven experience and tremendous capabilities, and the collaboration between us holds vast potential to lead towards a better future for the food industry. The collaboration with Tnuva supports Pluristem's strategy to establish partnerships that leverage its cell-based technology platform. As we embark on this collaboration with Tnuva, Pluristem is still dedicated to its core business of developing cell therapy products."
Yaky Yanay, CEO & President of Pluristem: "Over the years, Pluristem has developed one of the most advanced cell manufacturing platforms. During the last year, we made our strategy more precise, with the goal of leveraging our technology and expertise through partnerships and collaborations. Today, we are proud to join forces with a market leader, Tnuva Group, as they bring 96 years of experience in consumer food brands and innovation to the table. We believe that Tnuva’s and Pluristem’s vast experience will support fast and effective development of large-scale cultured meat products, relying on our existing infrastructures and talented teams. This collaboration is the first showcase of Pluristem’s intention to expand its business to verticals that need superior cell expansion proprietary technologies."
Eyal Malis, CEO of the Tnuva Group: "Tnuva Group has decades of experience developing and marketing innovative products for the Israeli market. Tnuva leads the alternative protein market in Israel and has recently taken its expertise globally. Just as Tnuva made the field of alternative proteins accessible to every Israeli home, we intend to make cultured food products available to all. The collaboration between two proven pioneers in their fields, each of which with proven experience and tremendous abilities, can create a better future for the food industry.”
Alternative meat is one of the fastest growing industries in the world and is estimated to be a $140 billion market by 20301. Affordable cultured food will require mass-produced, high-quality cells at competitive costs.
Pluristem to host online investor and analyst call on January 11, 2022 at 9:00 am EST (4:00 pm IST). Click here to register: veidan.activetrail.biz
About Tnuva Group
Tnuva Group is the largest food producer in Israel, as well as the Israeli leader in the field of alternative dairy and protein products. Tnuva Group has annual revenues of over $2 billion, 6,000 employees in 32 sites country wide. The Tnuva brand can be found in almost every home and every meal in Israel, with the country's largest distribution network for chilled and frozen products, including a wide range of dairy products, meat, eggs, fish, frozen vegetables, pastries and frozen and chilled food. Tnuva holds Israel's leading and most loved food brands in Israel, with approximately 4 million of Tnuva Group's products sold daily.
Tnuva takes part in the establishment of advanced food tech platforms in Israel, including 'FRESH START,' an innovative food tech incubator in Northern Israel with the goal of future development of the Israeli food industry. The incubator, established in collaboration with the Israel Innovation Authority, Tempo Beverages Ltd, the investment platform Our Crowd, and the American investment fund Finistere, specializes in locating and accompanying groundbreaking Israeli food technologies. Tnuva also supports innovative startups food companies, and academic researchers in Israel. Tnuva has recently signed a know-how licensing agreement with Swiss retail giant "Migros", under which Tnuva will help the Swiss company produce dairy alternatives.
About Pluristem
Pluristem is pushing the boundaries of science and engineering to create cell-based products for commercial use. The Company’s cell therapies advance the field of regenerative medicine, with potentially groundbreaking applications for treating ischemia, damaged muscle, hematology deficiencies, and inflammation. Pluristem sources its therapeutic cells from the placenta, an ethically accepted and potent source. The Company’s manufacturing platform is a patented and validated state-of-the-art 3D cell expansion system. Pluristem’s method is uniquely accurate, cost-effective, and consistent from batch to batch. The collaboration with Tnuva supports Pluristem’s strategy to establish partnerships leveraging Pluristem’s cell-based technology platform.
Safe Harbor Statement
This press release contains express or implied forward-looking statements within the Private Securities Litigation Reform Act of 1995 and other U.S. Federal securities laws. For example, Pluristem is using forward-looking statements when it discusses the expected contributions of each of the Parties with respect to the collaboration and NewCo, the expected timing of the presentation of the proof of concept and the goal for the timing of the launch of the first cultured meat product, the potential benefits to be realized by the collaboration and the potential for expanded collaboration with respect to cultured dairy and cultured fish products. These forward-looking statements and their implications are based on the current expectations of the management of Pluristem only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements about Pluristem or NewCo or the collaboration: changes in technology and market requirements; either may encounter delays or obstacles in launching and/or successfully completing its clinical trials, if necessary; their products may not be approved by regulatory agencies, their technology may not be validated as they progress further and their methods may not be accepted by the scientific community; they may be unable to retain or attract key employees whose knowledge is essential to the development of their products; unforeseen scientific difficulties may develop with their processes; their products may wind up being more expensive than they anticipate; results in the laboratory may not translate to equally good results in real clinical settings; their patents may not be sufficient; their products may harm recipients or consumers; changes in legislation with an adverse impact; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of Pluristem, NewCo or the collaboration to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, Pluristem undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risks and uncertainties affecting Pluristem, reference is made to Pluristem's reports filed from time to time with the Securities and Exchange Commission.
$SNDR to head higher after breaking from cup and handle?* Great earnings quarter over quarter
* Breaking out of IPO base (also shaped like cup and handle on the monthly chart)
* Very high 3-month relative strength of 8.43 in the Industrial sector
* Breaking out of an 18 month base with higher than average volume that recently created a cup and handle
* The red horizontal line indicates previous all time highs which was retested as support just recently
Trade Idea:
* Now's a great time to enter as the price is very close to the broken level.
* Due to current market conditions I wouldn't be surprised if we break back below $26.91 to around $26.52 before heading higher.
GoldViewFX - 3H CHART UPDATE & TARGETS$Another awesome day of trading for TEAM GOLDVIEW!!
1806 Goldturn axis was hit, as per our post on the 16th December (see related post below). We identified this as a target and a strong level of support. Price was rejected at 1806 and failed to break down so we saw a retest back to 1820 level. Our buy entries from 1806 were all banked at 1819 and now we see price hover in between.
Its interesting to see, resistance levels like 1806 are now turning into strong support levels. This is a key example of the Bullish structure that gives us confidence to buy dips.
We will now wait to see 1806 break to confirm movement to the lower levels and if so we will change up our plans and update you all accordingly. There is room for price to challenge the lower part of the channel, however MA200 is also providing support here and this can give the momentum needed for a challenge back to 1817 and then 1825.
A bull flag formation is also inline with the upper part of the channel flagpole target at 1850.
All signals we took have TP'd and we are proud to say with a 100% hit rate for January. (See related post below on H1 targets)
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - H1 UPDATE and TARGET$This was posted yesterday and the levels are playing out. Price moved up during Tokyo market open and found resistance again at 1823 Goldturn, followed with movement down.
EMA5 has now crossed below 1817 with a candle body close, confirming further movement down and a gap to 1806, however price found support at 1810, which is a historical Goldurn from December, which we have highlighted now.
Our setups remain same until we see a break below 1795 with EMA lock and confirmation.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - H1 Update and Targets$Quick update on yesterdays post on the HOURLY CHART (see link to related post below).
We identified a range of 1817.42 - 1828.99 and expecting price to play in this range.
EMA5 broke 1817.42 down with a candle body close, which opened up the lower levels. 1806 being the strong Goldturn level, however price went and HIT the recent 1814 Goldturn and found support. Anyone who noticed this break, which we highlighted could have caught 30pips here.
The price then broke back up into 1817 Goldturn with a candle body close, which opened the upper levels, 1828 being the strong Goldturn, however price went and HIT the recent 1823 Goldturn and found some resistance; another easy catch, if anyone caught it to the next Goldturn. We had a buy signal activate here, confirmed with all our parameters, which we took and banked!!!
We have also identified a Bull flag formation here and the potential target of the pole is inline with our overall 1828 Target. We continue to buy dips and should this change, we will be sure to update you all.
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GoldViewFX
XAUUSD TOP AUTHOR
AUDCAD Bulls will take over, LONG!AUDCAD has been in a downtrend for a while sellers are now exhausted because we can see the decrease in volume. price is now ranging in a bearish flag and we can anticipate a break to the upside. In this week I will be monitoring this pair for a buying opportunity around 0.925 level.