Get started

Correction

GOLD - Higher Timeframe Overview ✨This may be against the trend or as my friend says "going against a tsunami" but there's technical evidence to suggest that we may see a drop in Gold for the next couple of months. On the monthly timeframe we appear to be in wave 3 - which is made out of 5 impulsive subwaves. See below: Wave 2 and Wave 4 are ABC corrective waves and on the weekly timeframe we can see that we are still within the ABC corrective parameters of wave 4 and awaiting the final C wave, which is a move down. We have the FED rate decision on March 16th which could really shake the market. We're expecting USD strength during FED and Gold is weighted against the USD and is inversely correlated. If USD goes up, GOLD should go down... eventually. It is important that we do NOT jump in to shorting Gold early without seeing either of the following: - Lack of buyers - Any sellers At the moment there are plenty of buyers of Gold due to the war in Ukraine - Gold is acting as a safe haven. Also, there does not seem to be any sellers entering the market... yet. The key event to watch is the FED rate decision on March 16th. We could potentially see the start of the bearish wave C during the event. Once we see the first move down, we can prepare ourselves for an entry once we see a correction. See below: It's better to wait for confirmation rather than try and call the tops and bottoms of a move. Plenty of money to be made after seeing the confirmation and it's less likely you'll be riding out drawdown. Would love to hear your thoughts - leave your comments below. Goodluck and as always, trade safe!
OANDA:XAUUSD
by WicktatorFX
30
Be Cautious On Palantir🫨Hello Traders, My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻 ------------------------------------------------------------------- ➡️In today's video, I will analyse Palantir for you🫡 ------------------------------------------------------------------- ➡️Let me know your opinion about today's analysis in the comments below👇 ➡️I will only enter a trading position if ALL of my trading criterias are met! Keep your long term vision! P.S. Trading is risky and most beginner traders lose money!
PShort
by basictradingtv
8
Retest of 1972 by Head and Shoulders Pattern?Gold has found support by the trend channel in 1933-1945 and rose sharply to 1988 on Wednesday. But today it faced heavy selling pressure at the 1993 key level and corrected to 1980. There is a high chance, that gold will revisit at least 1972 and a potential Head and Shoulders Pattern is already forming. You can trade the break of the neckline or a pullback towards 1986, if you see bearish signs at the red lines. Important resistance zone: 1986-1988 Take profit level: 1972 and 1967
CAPITALCOM:GOLDShort
by Kyrean
Crude Oil Found The Support?Crude oil is trading lower, currently showing blue wave C in late stages of a corrective wave B pattern. We can also see now five subwaves down within C from 88/89 zone, where final subwave (5) of C can be now coming to an end with a huge volume increase. We can actually already see a sharp bounce from the support that can be signal for a minimum three-wave recovery back to 80 area. If we get a five-wave impulsive recovery back above channel resistance line and 80.00 level, that's when we may call a bottom for crude.
NYMEX:CLF2024Long
by ew-forecast
For Week 2023/11/20-24, A slight bearish move for XAUUSDConsidering the relatively muted weekend activity and the ongoing weakening of the USD, it's reasonable to anticipate a slight bearish correction for XAUUSD in the coming week. The absence of a significant weekend push and the prevailing market conditions suggest the potential for downward movement. However, it is essential to closely monitor any shifts in global factors, market sentiment, and economic indicators, as these could influence the trajectory of XAUUSD.
PEPPERSTONE:XAUUSDShort
by sharpie0319
BTC - Short-Term Correction Ahead ?❗️Hello TradingView Family / Fellow Traders, 📈 BTC has been generally bullish from a medium-term perspective , trading within the ascending broadening wedge outlined in red. Currently, BTC is positioned near the upper boundary of the wedge ; thus, we can anticipate a correction if the last minor low highlighted in green is breached downward. 📉 If the green low at 37,150 is broken downward , we can expect a bearish movement until the lower red trendline, where we will be looking for trend-following buy setups. 🏹 Meanwhile , as long as the bears do not take control, BTC will remain bullish and may continue to trade higher, especially if the 38,000 level is breached upward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
3
AAPL's Overbought Indicators Hint at Possible CorrectionCurrently, Apple Inc. (AAPL) shares are presenting intriguing signals for discerning investors. Two key technical indicators, Stochastic RSI and MACD, provide indications that AAPL may have reached a point of overbought conditions. Stochastic RSI, serving as a measure of market saturation, highlights AAPL's overbought condition, suggesting that the price has likely reached a level prone to correction or decline. Furthermore, MACD shows negative divergence, indicating the potential weakening of the upward momentum in prices. It is essential to direct attention to the Support and Resistance level (SNR) around 182.34. This level not only boasts a strong history as a previous resistance level but may also play a significant role as a support level. However, it is crucial to bear in mind that trading always involves risk, and trading decisions should be based on comprehensive analysis and well-calculated risk assessments.
NASDAQ:AAPLShort
by fardycurry
GBPUSD H8 - Short Signal GBPUSD H8 Yesterday evening, we thoroughly analyzed this particular currency pair with one of our coaching members. We emphasized the evident confluences, including notable supply and resistance zones, along with the psychologically significant 1.25 price level. Today, we anticipate a slightly bullish trend for the USD, anticipating a relief rally after a substantial 190-point decline. Considering the magnitude of the drop, a modest 382-point rebound wouldn't be overlooked.
Short
by Trade_Simple_FX
2
Predict Bitcoin's Price with "W" pattern from the 50 and 200 MA 50 MA in blue, 200 MA in green. There is a "W" pattern where the 50 MA also crosses under or over the 200 MA. It can be useful in short-term and long-term trading. If the pattern repeats itself, with your ruler you can see that there should be a correction for the next 2 months (according to the previous corrections in the bull run which are about the same length). It’s also interesting to look at how deep the second correction, or “V”, will go. In the W pattern of End 2019 (October) - Middle 2020 (May), the 2nd dip was deeper than the first and it resulted in a bull market. We could argue that it also happened back in July/August 2014 – October 2015. In the W pattern of Middle 2021 (May) - End 2021 (October), the second dip was higher than the first and it resulted in a bear market. We therefore have to wait to see if there will be a correction and how deep it will be, continue to use indicators, and find patterns.
BITFINEX:BTCUSDShort
by YanakTrading
INJ/USD Short setupGood morning to all Folks out there! It has been a great week for Alt-coins so far and I am hopeful a-lot of you would have made good gains so far. For anyone doubting the gains, I already spoke about Alt-coins rally in my previous idea and was pretty bullish on Alt-coins with BTCDOM getting rejected on a Major level. INJ or Inject have been a gainer and have gained more than a 100% in the past few days. I was expecting the move towards upside, However as it approaches this important level and faces resistance, I believe INJ is headed for a correction back to the support zones marked in the chart. Trade Idea: INJ/USD = Short Entry point: CMP TP1: 15.5 TP2: 13.8 TP3: 13.4 SL:17.8 Please do like and follow if you find the content helpful, Thanks.
Short
by CooperTrades521
#GBPJPY buying opportunityHello, traders and friends. Let's analyze the GBPJPY 1-hour timeframe chart and explore a potential buying opportunity in this pair. Yesterday, the price successfully broke above a Daily bearish channel that had been pushing the price lower since August 21st. This impulsive breakout to the upside suggests the potential for the price to move higher, possibly reaching at least the high established yesterday. Another factor supporting our belief in a potential buying opportunity is the bearish corrective move that followed the breakout, indicating no strong overall bearish bias in the price for now. There are several bullish confluences that reinforce our bias, including: The bearish channel's upper line, now acting as support. A demand area on the 1-hour timeframe, coinciding with a static support zone. The price is currently above the 4-hour, 1-hour, and 30-minute 200EMA, all of which serve as critical support levels. The price is currently at the 38% Fibonacci level, and if it reaches the support line, the 50% Fibonacci level will also provide significant support. To consider a long position, we recommend waiting for the price to break the short-term bearish trendline to the upside or looking for candlestick confirmation around the supporting area. by the way If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
3
Pfizer long-term movement after a deep correction - risky paperH i, I looked at Pfizer's chart and it looks like this deep correction won't stop until the $30 zone. The fact that side effects have developed worldwide due to the Covid vaccine and many people have filed lawsuits against pharmaceutical companies probably also plays a role in this deep decline. There is a lot of money in the pharmaceutical industry, so I think that the companies will have plenty of money to cover possible legal costs. And since in several countries they have signed papers that they request the vaccination on their own responsibility, the exclusion of liability will be justified in many cases. The $30 zone seems like a perfect turning point because I see it as a strong level. If the $30 zone holds, we will most likely look at the $40 zone, which also coincides with an important Fibonacci level. Do not forget. This does not constitute investment advice. Do your own research before entering a position. Regards In extreme cases, the $27 level is also possible.
NYSE:PFE
by XOX_XOX
1
NQ Power Range Report with FIB Ext - 11/3/2023 SessionCME_MINI:NQZ2023 - PR High: 14962.00 - PR Low: 14924.25 - NZ Spread: 84.25 Key Economic Events 08:30 – Average Hourly Earnings - Nonfarm Payrolls - Unemployment Rate 09:45 – S&P Global Services PMI 10:00 – ISM Non-Manufacturing PMI - ISM Non-Manufacturing Prices Continuing to push supply with strength - Breaking multiple levels of long-term sell interest Evening Stats (As of 12:05 AM) - Weekend Gap: +0.47% (open < 14272) - Session Gap 8/2: -0.33% (open > 15807) - Session Gap 7/20: -0.11% (open > 15939) - Session Open ATR: 254.67 - Volume: 20K - Open Int: 255K - Trend Grade: Neutral - From ATH: -10.8% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 15247 - Mid: 14675 - Short: 13531 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQZ2023
by mv3trader5
TRBUSDT ------> SHORT (40%)Hi Everyone All I have available is the price chart and that's all I need. And what I see on the chart is an unconfirmed ( yet unconfirmed ) DOUBLE TOP pattern. For BINANCE:TRBUSDT As the momentum decreases and the price ceilings approach each other, and the price approaches the ceiling of the ascending channel , Considering the dominance chart of Tether, Bitcoin and Ethereum , for me a general correction in the market and especially in this chart is predictable . Targets in the order of probability and time $100 $85 $75 and I consider a possible stop loss around the price of $130 .
Short
by OdinSights
Metal Sector and its component Daily Timeframe analysisMetal Sector and its component are in correction phase NSE:CNXMETAL sectors NSE:HINDALCO NSE:JSWSTEEL NSE:NATIONALUM have created same structure as NIFTY50. NSE:HINDALCO NSE:JSWSTEEL NSE:NATIONALUM daily candle close below entry level. We can see all targets along with NIFTY50. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
NSE:JSWSTEELShort
by sugatmankar