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MSFT ~ Snapshot TA (Daily / Nov 2023)NASDAQ:MSFT chart mapping/analysis. Bullish price momentum within an ascending parallel channel (green). Bull target(s) Breakout above ascending trend-line resistance (white dotted) Upper range of ascending parallel channel (green) Upper range of ascending parallel channel (light blue) 23.6% Fib + ascending parallel channel(s) confluence resistance zone Bear target(s) Underlying gap fills (~357.54 / ~339) Ascending trend-line support (white dotted) 38.2% Fib Lower range of ascending parallel channel (green) 38.2% Fib + parallel channel (green) confluence support zone 50% Fib Gap fill (~280.39) + Golden Pocket Fib confluence support zone Lower range of ascending parallel channel (light blue)
NASDAQ:MSFT
by BlueHatInvestor
NFLX ~ Snapshot TA (Daily / Nov 2023)NASDAQ:NFLX chart mapping/analysis. Bullish recovery back into ascending parallel channel (green). Bull target(s) Breakout descending parallel channel (white) + descending trend-line confluence resistance Overhead gap fills (~470 / ~506.93 / ~566.88) Golden Pocket Fib + gap fill (~506.93) confluence resistance zone Bear target(s) Underlying gap fills (~412.52 / ~354.79 / ~341.38) Ascending trend-line support (light blue dotted) 38.2% Fib 23.6% Fib
NASDAQ:NFLX
by BlueHatInvestor
5
NVDA ~ Snapshot TA (Daily / Nov 2023)NASDAQ:NVDA chart mapping/analysis. Breakout/bullish price momentum pushing higher within an ascending parallel channel (green). Bull target(s) Golden Pocker Fib Ascending trend-line resistance (white dotted) 78.6% Fib (+1) Bear target(s) 50% Fib (+1) Descending trend-line support (white dotted) aka "return to scene of crime" 38.2% Fib (+1) Underlying gap fill (~423.81) + lower range of ascending parallel channel (green) confluence support zone 23.6% Fib (+1) Lower range of ascending parallel channel (light blue) + gap fill (~306.01) confluence support zone
NASDAQ:NVDA
by BlueHatInvestor
TSLA ~ Snapshot TA (Daily / Nov 2023)NASDAQ:TSLA chart mapping/analysis. Continuation of bearish price momentum. Bull target(s) Breakout above 38.2% Fib Overhead gap fills (~242.08 / ~289.52) Descending trend-line resistance (white dotted) 50% Fib Upper range of descending parallel channel resistance (white) Ascending trend-line resistance (green dotted) aka "return to scene of crime" 50% Fib + trend-line/parallel channel "super" confluence resistance zone Gap fill (~289.52) + Golden Pocket Fib confluence resistance zone Bear target(s) Ascending trend-line support (green dotted) Descending trend-line support (white dotted) 23.6% Fib Underlying gap fills (~162.95 / ~146.41 / ~122.63 / ~114.39) Lower range of ascending parallel channel (light blue) + gap fills(s) (~146.41 / ~122.63) confluence support zone(s)
NASDAQ:TSLA
by BlueHatInvestor
1
**EICHERMOT - Accelerating Towards New Horizons** 📈 **Market Momentum:** EICHERMOT is currently in the spotlight, exhibiting a compelling rise in both price and volume over the last few sessions. The stock has not only reached a new one-year high but is actively trading with substantial volume, underlining the strength of its market position. The latest tick echoes a robust price surge, further supported by strong volume, a clear indication of sustained bullish momentum. 📊 **Technical Indicators:** The MACD/Signal line bullish crossover and its sustained nature add a robust technical confirmation to the positive market sentiment. The stock is trending up nicely, consistently achieving consecutive new highs, showcasing a compelling upward trajectory. 💡 **Breakout Confirmation:** Evidenced by a positive breakout and a continuous upward trend, EICHERMOT is not just meeting expectations; it's exceeding them. Both daily and weekly Heikin Ashi patterns signal a bullish continuation, underscoring the potential for sustained upward movement. 📅 **Recent Performance:** As of November 15, 2023, EICHERMOT reached a high of ₹3860, closing at ₹3848.30, further solidifying its position as a top performer. Looking back, on November 1, 2022, the stock was at ₹3889.65, and by June 2, 2023, it was at ₹3748. These levels demonstrate the stock's resilience and ability to recover and surpass previous highs. 📊 **Trade Recommendation:** Capitalizing on this robust performance, consider going long above ₹3860, with a strategically placed stop loss below ₹3429. This trade aligns with the recent positive trend and positions traders for potential continued gains. 🚀 **Why Act Now?** EICHERMOT is not just a stock; it's a journey towards new horizons. With a strong one-year high, positive breakout, and consistent bullish patterns, this is an opportunity to ride the upward momentum! 📈💰 #EICHERMOT #BullishTrend #StockMarketOpportunity #FinancialSuccess #TradeSmart 🚀📊
NSE:EICHERMOTLong
by ruelfernandes
GDXJ: Revived 🌅In the current blue wave (c) of the GDXJ, the bulls pulled out their defibrillators and breathed some life back into the market. With a 5.5% gain, the wave extension continued, which should carry on above the next resistance at $43.89 and then enter the magenta Target Zone ($57.36 - $65.95). In this price range, both the top of the blue wave (c) and that of the overarching magenta wave (b) should be manifested. However, our alternative with a probability of 45% also remains valid. In this case, an imminent reversal would take place with the high of the orange wave alt.b.
AMEX:GDXJLong
by MarketIntel
1
Chart analysis and trading strategy are differentHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1D chart) The key is whether it can receive support around 36426.87 and rise to the first resistance zone. This period of volatility will be around November 16 (November 15-17). If it fails to rise above 36426.87, it is important to see whether support can be found around 32917.17-34110.32. In order for this upward trend to be maintained, the price must be maintained above 29850.45. If you have analyzed the chart with the above information, the important question is how to start trading, that is, how to create a trading strategy. First, I decided that I could start buying when I saw support at a certain point or section through chart analysis, but I realized that I had to make several more decisions to actually buy. 1. Should I buy it in installments? If I buy it in installments, how many installments will I buy it in? 2. How much investment should be made when purchasing? 3. How to set the investment period between day trading and long-term trading. 4. When starting a transaction, how will you decide on a trading method, such as a stop-loss point or target point, and how will you realize profits? As in the example above, in order to make a transaction, you need to think about and decide on many things. However, when the chart analysis is completed and the time to buy comes, buy with a rough investment amount, roughly think about the stop-loss point and target point, and start trading. And then, if the chart moves as expected, it's good, but if it doesn't, then you have to worry about the above. Then, I think that because your thoughts are influenced by price fluctuations, you end up trading in the wrong direction, increasing the chances of your trading failing. Therefore, you must have some basic understanding of trading strategy to be able to trade quickly. The concept of a basic trading strategy can be customized to suit you using the example below. 1. The purchase principal, purchase method, selling method, stop-loss point determination method, and profit realization method must be standardized for each investment period. Therefore, the basic concept of investment period from day trading to long-term trading must be determined in advance. However, since each coin (token) responds differently, it is not easy to divide them accurately. Therefore, you must first consider the size of the purchase principal and stop loss point for each investment period. 2. Trading must ultimately proceed with a contrarian approach. Therefore, you should not proceed with trading by thinking the way you normally think. Therefore, when the price rises, you must choose a point to sell, and when the price falls, you must choose a point to buy. However, if you are new to trading, you want to buy when the price is rising and sell when the price is falling. Since trading requires such a change in thinking, it is not easy to get used to it. Therefore, it is necessary to take time to become familiar with trading by making many transactions with small investments until this change in thinking occurs naturally. 3. Trading is a psychological battle. Therefore, if you start trading psychologically, you will feel psychologically anxious and burdened, and there is a high possibility that you will proceed with trading in the wrong direction. Therefore, when you are about to start trading, you need to determine what your psychological state is like. If you are judged to be psychologically excited, that is, anxious, you should not start trading. Even if you start trading once or twice and make a profit, if you continue to trade while you are in a psychologically anxious or excited state, you will end up incurring large losses. 4. Additionally, trading is a game of probability. Therefore, you must select a trend by combining various information obtained through chart analysis. Therefore, the information obtained from chart analysis must contain a lot of objective information. The analysis techniques that you study, such as wave theory or other patterns, ultimately have no choice but to be applied to your own psychology. Therefore, rather than such information, you should start trading by selecting a higher direction or trend by combining the basic information obtained by using the chart indicators, that is, objective information. There are a ton of chart analysis techniques out there. However, I think that analysis techniques that have a selection point that you must choose are essentially useless if you are not prepared for the three psychological warfare mentioned above because it is highly likely that your psychology will be applied in the end. Looking at the ideas currently published on TradingView, there seem to be a lot of wave theory and harmonic pattern analysis techniques. These analysis techniques are excellent analysis techniques and have been proven by many users. However, if you do not have a trading strategy like the one I mentioned earlier, you have no choice but to analyze charts and conduct other transactions. Therefore, before studying various chart analysis techniques, you must first study the concepts of candles, moving averages, support and resistance. Then you need to practice creating a trading strategy. Once you are able to create a trading strategy to some extent, I think it would be a good idea to study various high-level chart analysis techniques. In fact, if you can create a trading strategy, there is no need for advanced chart analysis techniques. As I have said repeatedly, the more time you invest in chart analysis, thinking that chart analysis is the same as a trading strategy, the more you will inevitably feel the limitations of your trading skills. This is because there are many cases where you cannot proceed with trading as you analyzed, so you have no choice but to be negative about trading. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
Education
by readCrypto
2
BluetonaFX - EURUSD Approaching 2 Month HighHi Traders! EURUSD is an ascending triangle and is approaching its 2-month high at 1.07694. Price Action 📊 The price action looks bullish, with market swings showing higher highs and higher lows. The market has also been trading above the 20 EMA for over a week. We are looking for more bullish momentum for further continuation towards 1.07694. Fundamental Analysis 📰 Traders await the Eurozone Gross Domestic Product (GDP) for the third quarter (Q3). The quarterly growth number is expected to contract by 0.1%, while the annual growth number is forecast to grow by 0.1%. If the GDP data showed weaker-than-expected results, this could cause some selling pressure on the EUR.   Support 📉 1.06651: PREVIOUS DAY'S LOW Resistance 📈 1.07694: 2 MONTH HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
Bayer: Down the hatch! 🍺After Bayer's stock recently tried to break through the support level of €39.91, it has now made another attempt. Whether the stock succeeds in sustainably breaking below this support level - as envisaged in our primary scenario - or whether it needs further impetus in the form of a corrective upward move is irrelevant for the further course of our expectations. We therefore fully expect a sell-off below this level, as we expect the low of the major wave (II) correction underway since 2015 to be around the 78.60 retracement at €30.84. Only once this low is in place do we see Bayer shares making sustainable gains again.
XETR:BAYNShort
by MarketIntel
1
UnitedHealth: Last hurdle 🚧Although UnitedHealth shares were able to establish the low of the turquoise wave 4 and rise steadily, they have not yet made it above the resistance level of $546.78. However, we expect this to happen next, leading to the high of the larger wave (A) in dark green. Short-term, we therefore expect further bullish potential, but after the top of this (A) wave, the trend should be clearly downwards again. In addition, there is a 35% probability for our alternative scenario, in which the alternative top of the old wave (A) would have already been deposited.
NYSE:UNHLong
by MarketIntel
BluetonaFX - USDJPY 150 Finally Broken & Approaching Record HighHi Traders! USDJPY has finally broken its psychological level at 150 with momentum and is now approaching the record high Apex Level at 151.946, and we could possibly reach a new record high this week. Price Action 📊 After weeks of trying to break above the psychological 150 level, the bears' resistance was finally broken, and now the market is trading with momentum, and the 152 handle looks to be the next target. All signals look bullish, although there might still be strong resistance here near the apex level due to it being a record high. Fundamental Analysis 📰 Traders were very disappointed with the BoJ's recent policy decision a couple of weeks ago, and this has really shown in the market. There is serious concern now for the Japanese yen, and the Central Bank will surely have to intervene to stop the yen from weakening further.   Support 📉 141.805: PREVIOUS DAY'S LOW Resistance 📈 151.946: APEX LEVEL Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
6
BluetonaFX - GBPUSD 61.8 Fibonacci LONG to Trendline ResistanceHi Traders! GBPUSD has found some short-term support at the 61.8 Fibonnaci Retracement Area, and there are opportunities for long entries towards the trend line resistance. Price Action 📊 The 61.8 Fibonacci area looks quite strong at the moment; the bears seem to have exhausted at this level. Although we must be careful here as the market is still under the 20 EMA, trades should be kept very tight in case of any continuation to the downside. Fundamental Analysis 📰 There were positive fugures out of the UK this morning with better than expected GDP m/m and preliminary GDP q/q figures, which will most likely increase positivity on the pound.   Support 📉 1.22128: PREVIOUS DAY'S LOW Resistance 📈 1.22580: PREVIOUS DAY'S HIGH 1.22658: TRENDLINE RESISTANCE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
1
💡 GOLD: Gold has not yet broken the above resistanceWhile the price of D1 gold saw an increase yesterday, putting an end to its three-day losing streak, the resulting price bar displayed an upward trend with a limited range. It closed with a 1/2 upper shadow, indicating that the buying force in the lower range remains relatively weak compared to the downward pressure from above. The daily structure of gold on D1 appears to be in a sideways pattern, leaning more towards a potential price increase. On the H1 timeframe, gold has recently experienced a robust upward movement, although it has yet to breach the crucial upper resistance zone. Currently, the primary trend for H1 gold suggests a cautious approach, with an inclination to wait for a selling opportunity at the resistance above. Traders may consider a shift to buying only if this resistance is successfully breached and subsequently retested.
TVC:GOLDShort
by Stone_Haven
VIX Volatility Index ~ Trend Analysis (2H Chart)TVC:VIX chart mapping/analysis. Always been a firm-believer in strong negative correlation with SPX. Key is not matching SPX highs with VIX lows ie "catching the bottom" - it should be used as a supplementary indicator for overall market direction, by identifying key support/resistance areas for trend switches that aids you in developing a Trading Edge . Chart Example: October 2022 peak in VIX marked (temporary?) bottom in SPX VIX unable to break above ~34 resistance zone after multiple attempts = gives way to lower highs & lower lows (change in trend) SPX responds by making series of higher highs & higher lows VIX bottoms around July 2023, unable to break below ~13 resistance zone (ie trend switch) SPX peaks in July & proceeds to pull back until recent reversal - coinciding with dramatic drop in volatility This is by no means a done & dusted chart - after all it's called the "Volatility Index" lol. It will require ongoing tweaking, back-testing & confluence with SPX TA work, as well as vigilance of evolving macro-economic events which get rapidly priced into both indices. Good luck :) Note: "SPX TEMP BOTTOM horizontal line should be adjusted higher to sit on VIX peaks - can't edit chart & cbf re-publishing...but you get the idea, cheers.
TVC:VIX
by BlueHatInvestor