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Power of Inside Bar - Cingniti TechInside Bars if used wisely, can give us astonishing results in Trading. Let's understand this scenario. Stock Name - Cigniti Tech After 20th Feb 2023, on D TF, this counter merely had any move! More or less it had inside Bars with totally squeezed close prices compared to earlier close. if you observe, closing prices are getting squeezed day by day with drying up sales volume. This indicates sellers are loosing control & buyers ay pitch in! Following are reasons for my Long view - 1. Stock is in Up Trend. 2. Stock prices are above 200 EMA 3. 10 & 20 EMAs are above 200 EMA. 4. RSI has crossed 55 5. Nifty IT index is in uptrend, so sectors is booming. So my entry would be on crossover of high of 7th Feb. Same setup & logic can be applied while entering stock on 3rd March, as its crossing previous high of 2nd march for a quick move on upside.
NSE:CIGNITITECLong
by Saishayu_Option_Scalpers
Bear Bounce in META May Push Further before Downtrend ContinuesPrimary Chart: Daily Time Frame, 8-D and 21-D EMAs, Long-Term Fibonacci Levels (Retracements of META's Entire Range), Uptrend from Nov. 4, 2022 Low SUMMARY: META remains in a severe downtrend since its all-time high in September 2021. The primary-degree trendline remains unbroken and in effect. A shorter down trendline for most of 2022 has been broken coinciding with its recent upside price action. META is experiencing a corrective rally, also known as a bear bounce (until proven otherwise). Bollinger Bands support the idea of further upside with the mouth of the bands expanding, and price walking the bands to the upside. The Donchian Channels also show that price is reaching multi-month highs, and its 21-period range is expanding as price pushes higher. Target 1 lies at $142. Target 2 is $149. Target 3 is $157-$158. Each target requires that price reach and hold the prior target on a daily close. Each target is a condition precedent for the next target's viability. Invalidation levels include the uptrend line from November 4, 2022 lows as well as major support levels at $112 (key structural low), $115-$116 (volume profile). META began its decline much earlier than the broader indices. It peaked at an ATH on September 1, 2021, while SPX peaked on January 4, 2022. It has appeared to lead indices by a few months in this bear market. The long-term uptrend line from 2012 more than a decade ago was decisively broken in early 2022. This suggests that it may take a while for META to begin carving out a new uptrend line at a less steep angle based on whatever bear-market lows are formed—whether that be the November 4, 2022 low or a (likely) new low in 2023. Supplementary Chart A: Monthly Chart of META with Decade-Long Upward Trendline The bear-market downtrend lines are shown on Supplementary Chart B. The pink line on the Primary Chart reflects the primary-degree of trend since the all-time high in mid-2022. That line has not been broken, and price remains well below it. The dark-blue line is a shorter trendline that lasts for most of 2022. It was broken to the upside in early December 2022. This is no surprise. Steeper trendlines are less sustainable, and often end up being replaced by their less steep counterparts. The break of the dark-blue line is not an end to the bear market, but it does signal a short-term shift that coincides with the sideways to higher corrective rally taking place. Supplementary Chart B: Trendlines within META's Current Bear Market In this bear market, META made its most recent low on November 4, 2022. An uptrend drawn from that low is drawn (pink line on Primary Chart above). META's short-term EMAs show that it has been rallying in earnest since this November 4 low. Note the slope of the 8-D EMA and the 21-D EMA. While these are simple indicators, sometimes their simplicity can cause some to miss the power of their message—indicating the short-term trend. The short-term trend remains positive, with price finding support at these EMAs. When price falls below the 21-D EMA, it quickly rises to reclaim it. See Primary Chart. The Bollinger Bands also reflect the upward rally, which should be deemed corrective until proven otherwise. The Bollinger Bands are widening at the mouth, and when price pushes through the bands to exhaustion levels (set at 2 standard deviations on this daily chart), it falls back but quickly pushes back into the bands. Yes, the CPI could end this prematurely, but technical analysis suggests this stock has further to run before it resumes its longer-term downtrend. Supplementary Chart C: Bollinger Bands Similar to the Bollinger Bands, the Donchian Channels also reflect an increase in volatility to the upside. Price is pushing new multi-month highs, which is easily seen using this indicator. As the upper band of the Donchian presses higher with price touching it, that reflects new 21-trading-day highs. But a quick glance at the chart below shows that the highs exceed all highs since late October lows. The October 2022 highs are the ones that will likely be taken out next if the rally continues. Supplementary Chart D: Donchian Channels Major support lies at $112, and $115-$116. In addition, the upward TL can easily be used as an invalidation level for any short-term bullish trades. It can also be used as confirmation for any shorts that wish to enter when the bounce exhausts. Targets are based on the measured-move concept and Fibonacci proportions. Target 1 is $142. That is the 150-day SMA. Target 2 is $149. This level is the measured move area where wave A (or wave W) equals wave C (or wave Y) from the lows. Target 3 is $157-$158. Target 3 is a confluence of levels including (i) the 1.272 extension of first leg of this rally projected from the start of the second leg, (ii) the .618 retracement of META's entire price range going back to the start of data on the chart, and (iii) the 200-day SMA based on today's date, which lies at $158. The bounce idea is invalidated if price falls below $112-$116. It may also be invalidated (depending on several factors) if price breaks below the pink uptrend line from November 4, 2022 lows. Lastly, to quickly and effortlessly see the major support (supply zone) for the current corrective rally, see the blue rectangle below. Breaking this level should signal the next leg lower is underway in the primary-degree downtrend. Supplementary Chart E: Support / Supply Zone Thanks for reading, and Happy New Year! May your trades and risk-management work out very well this year. ________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
NASDAQ:META
by SquishTrade
27
Sweet Divergence Since the start of January, most leading macro markets have experienced a reversal around their 38.2% Fibonacci retracement levels. However, BTC has shown resilience and fought the cross-asset sell-off. This divergence is likely driven by the fact that there has been over $1 trillion in net liquidity added to the market since the bottom in October, primarily driven by the People's Bank of China and the Bank of Japan, helping to off-set the damage the Fed is doing to risk-on assets such as the crypto market. Considering BTC tends to be somewhat of a liquidity sponge, it tends to outperform other assets when there is a boost in liquidity. However, the jury is still out on whether BTC's performance indicates the end of the bear market for crypto or a temporary outlier. Despite BTC's recent outperformance, it's still catching up to significant rallies in other markets between Q4 2022 and Q1 2023. An important note is that the S&P 500 has never seen a bear market bottom before the unemployment rate began to rise, and this is yet to be the case. Furthermore, the yield curve is currently the most deeply inverted it has been since the 1980s, ultimately signalling that long-term interest rates are lower than short-term interest rates. An inverted yield curve has been a perfect predictor of the last seven recessions since 1960, ultimately implying that it's likely the market isn't out of the woods yet. When yields and risk assets diverge, historical patterns suggest that other assets quickly catch up to the sell-off. Although yields have moved exponentially since last month's CPI data, markets expect them to stabilize at last year's high levels. It would likely take very hot inflation data and a significant rate hike following the next FOMC meeting on the 22nd of March to trigger the next leg lower for risk assets. Until then, BTC is expected to continue ranging, waiting for its next cue. In other news, a recent article by Forbes threw Binance into the fire after they released an alleged hit piece on the exchange and its founder, Changpeng Zhao (CZ). The article drew parallels between the exchange and the now-defunct FTX after Binance allegedly transferred $1.8 billion to hedge funds such as Tron, Amber Group and Alameda Research between August and December 2022. However, CZ then hit back at this, arguing that the article referred to some old transactions from Binance's clients. He then reiterated that the exchange always holds user funds 1:1 and that this can be referenced through Binance's proof-of-reserve system. From a technical perspective, it is clear from the weekly chart that Bitcoin has been trading between two significant demand and supply zones. The bulls will be hoping for a weekly close above the $25,000 supply zone, which would light the way towards the massive $28,800 to $30,000 resistance, the Head and Shoulders neckline. An important contributor to the bullish scenario is that EMA20 and EMA200 are beginning to converge, with a potential cross in the coming weeks. The importance of this should be considered, as EMA20 crossing below EMA200 back in September accurately predicted short-term market direction. Bears will rejoice at the fact that many traders believe that a final Elliot Wave 5 sell-off is to come. This would likely result in a break below the $15,500 - $16,500 November market bottom. As we advance, all eyes will be on the CPI data releases. U.S. CPI data on the 14th will likely dictate the outcome of the rate decision of the FOMC on the 22nd. Volatility will be high around these dates, so caution should certainly be exercised, especially in leveraged positions.
by Coinrule
2
3 DAYS EMA100/200I have already mentioned that EMA100/200 cross on a large timeframe is a more stubborn thing than the same MA 50/200. It's been a very long time since I posted a TOTAL2. We have 4 crosses in history on this t.f. 1. Golden received in March 2016. The cycle to the next cross lasted 1030 days. 2. Death cross received in January 2019, the cycle to the next cross lasted 554 days. 3. Another golden cross in July 2020. And almost 800 days to the next red point. 4. Death cross received in September 2022. It's just been 152 days. I have to tell myself something about why all of a sudden a new golden cross should be received during the spring? I'll just open a beer for now.
CRYPTOCAP:TOTAL2
by averkie_skila
BTC/USDBTC has 21 MEMA (monthly 21 ema) strong resistence. In 2015 we saw a double bottom after hitting 21 MEMA. In 2019 after short resistence we saw a pump and a year later a double bottom for retest. I keep an eye to inflation, unemployment rate and also dry powder for lower levels and black swans. DCA at lower price level seems to be still a good strategy for accumulation. The bull market is not confirmed according to charts but clearly the markets are not so bearish right now. Of course the price will do whatever it wants and it's hard to predict what will happen exactly.
INDEX:BTCUSD
by cryptoforevery1
A trifling observation.Is it possible to provide an indication that pre-empts the classic "death cross"? Traders use different systems to judge the market outlook on patterns, as well as an important indication for them. It is perfectly normal that someone can be wrong, and someone will be lucky to read the market correctly. This post is about anticipatory indication and prejudice. If you open the articles on moving averages, you can read that the exponential Moving averages (EMAs) are preferable on low timeframes up to a minute chart, but they are not but it's recommended for the weekly chart. Whereas it is recommended to use SMAs on longer timeframes. OK, I thought. But why? Who has checked it? A price is a price, in itself it only says that someone has offered an asset at a certain price, and someone bought at that price. But the market trend requires more confirmation of transactions through volumes. The price alone cannot tell you what the market has decided. And that is why I made this comparison. MA 50/200 (white and blue line) versus EMA 50/200 (orange and purple) + VFI LF (volume flow indicator). Hypothesis: EMAs are valid for 1 week timeframe, the exponent is not suitable for this timeframe is a preconception. MA lags in indicating the signal, but you need to know the trend of the volume, for which you need an indicator like VFI LF. In the case of unidirectional signals EMA 50/200 and VFI LF you can make a deal without waiting for the signal MA 50/200. Assertion:
 Bitcoin is in a bear market and no reversal has occurred. The bounce at the beginning of the year was intended to test crossed possible area of the weekly SMA moving averages. But because of death cross on EMAs already on the 9th of January, it also puts selling pressure. And here the Volume Flow Indication is an important aid. See, the VFI has two pale lines besides the volume flow line itself, it's a fast and slow MA of volume (but it's MA of volume, not of price!), and on these lines you can also see golden and death crosses. Look closely, in the history of Bitstamp trading (the longest trading history of Bitcoin) there have been exactly 3 such crosses by volume indication on weekly chart. Two bearish and one bullish. The last bearish cross on the MA of volume flow occurred about a month before the cross at EMA 50/200 price. December 12... As a result: Two bearish pre-emptive signals versus one classic "textbook" one. My bet is that there will not be a upbounce. There will be an 85% retracement level from the peak and a consolidation at the bottom. Waiting for a reality check in this race. My bet is that we are in a bear market.
BITSTAMP:BTCUSDEducation
by averkie_skila
13
Moving Average Free Options MethodSimple to use on the 15 minute to Daily chart. When the Emas cross with green on the top buy calls within $2 strike. When cross with red on the top buy puts within $2 strike. Bottom Mac'd Ema difference should also be same color as top Ema. Green/Green or Red/Red. Any light blue line Ema or Sma can be support or resistance so be prepared to sell. Buy time never buy contracts that expire that day. Greeks will burn you. Support and resistance are the green and red stripes across the chart(also sell or buy points. Ideally enter on the 5 minute chart then switch to the 15 minute or half hour chart to eliminate noise. Happy trading.
AMEX:SPY
by kwiktrip
TSLA Opened above previous candle so I took a bullish tradeI moved my stop accordingly, the stock closed above the high from the previous candle, Got in at 10EMA bear candle closed above so i went long. I gave it the ‘newsome nudge’ after price almost hit my target but was not ‘paytient’ enough to have my holding muscle long enough. Glad i was green for the day :+1::skin-tone-4:. 2.57R:money_mouth_face: for the day.(‘if i held long enough’ i would have been up more). But I'm glad I my analysis was correct! The goal is to win more than you lose.
NASDAQ:TSLALong
by enthusiastichris
Preference for EMA`s over standard MA`s.Hi. Another comment on signal compatibility. In EMA crossing a true death cross should be considered the crossing of EMA100/EMA200. This is usually always dangerous. Since the model situation I want to discuss is now occurring on the daily DXY, let us take it. 1. So there is a fresh death cross printed on January 6. 2. There is no crossing of EMA100/EMA200 now. 3. The candles came out from under diagonal resistance (what about the fact that the rate hike was already built into the conditions by the market?! lol). But how do I know if the momentum is depleted? The index has no volume... With volatility outlook. 4. SQZMOM_LB shows a daily divergence and a squeeze entry before jumping up. Further rise in DXY will be supported by expansion momentum. 5. So I have some confusion about the death cross indication and its possible consequences... If there is no support in the form of right away falling volatility for example... That is why I am looking at other crosses. 6. It turns out that if I short DXY anyway more important indication would be EMA20 and EMA 50 (red and orange). Since the move should be taken as early as possible and not wait for "iron" confirmations. But it turns out that MA cross is too late for a short, and not convincing enough for a continuation of the short at the moment when the cross finally happened... 7. In this case I think we're in for a ~108 level attack, which will prevent a cross at EMA100/200.
TVC:DXY
by averkie_skila
6
Consider the Long-Term ChartI'm not going to call if the bottom is in or "not so fast" but just want to point out that we may only be halfway through a significant long-term downturn. It's concerning to me that RSI has broken significantly below 50 for the first time since the market recovered from the lows in early 2009. It's also concerning that price looks like it wants to retest the 50-mo. EMA after seemingly finding support a couple months ago. There's still considerable downside risk to the 200-mo. EMA where it has found long-term support in the past and it also happens to currently line up with a double bottom with the covid panic low from early 2020. Will it go down to the 200-mo EMA now? I'm not sure, I'm just saying that it could and you need to be prepared for that. I do know that if it continues to drop it would be a blood bath down at those levels and also a great long-term buying opportunity in my opinion (it could find support above, at or below the 200-mo EMA and an interesting level would be the top from the tech bubble around 2000 which lines up with a period of sideways consolidation from 2015-2016.
NASDAQ:IXIC
by PatientContrarian
Wipro Bullish in 1 DTF!#The Pattern is a simple Support and Resistance Points to Look: 1.The Channel Pattern is slanted downwards, this pattern has a high success rate! 2.Inside the pattern the recent trend is Bullish(Higher Lowes formation) 3.There is 'W' shape pull visible(23 Dec to Jan 6 touch points) in the trend which is also a good bullish sign. 4.Despite all this wait for a confirmation candle tomorrow and then take the position. 5.The Stoploss is minimal which can be kept below the upper trend line also shown in chart. $Happy Trading Mates$
NSE:WIPROLong
by AxionAjay
1
XRPhilharmonics and the Crypto Symphony OrchestraSeriously tho, LOOK at that harmonic! Would have been nice to bag one final TP at the 200 ema buut we had some nice profs and DCA'd into a decent short hedge close to the top of this last wick. See how we do eh? Some fundamentals here : 1. SEC v. Ripple could be larger than I'd anticipated even though the shifty regulator supposedly only has jurisdiction over US, so . . with that being said, the issues relating to regulatory clarity should bring high volatility before AND after any kind of adjudication. 2. Large volumes of XRP continue to shift and fundamentally, the ecosystem / XRPL has no shortage of development activity and the projects that rely on XRPL just continue to expand. I'm a Python guy and have been using XRPL to better understand what's under the hood. I've looked into many other projects including Stellar (XLM), Thorchain, et. al. and by far and wide, XRPL seems to be the most impressive. I know you ETH guys might chirp about that but I've mucked about with Solidity, smart contracts, etc. but truth be told, I've never liked having to deal with ERC-20's, too spendy, slow and labor intensive for my liking. XRP = fast, cheap and easy, the way we like em ;) 3. FTX lawyers got green light to liquidate holdings in order to get square with their creditors. Crypto ALWAYS pumps ahead of a mass distribution event and I don't trust this most recent market pump. It just "feels" dirty. Getting back to the technicals, any other Fibonacci fan can tell you to follow the retracements but I'm a fork guy as well, love the Schiff's so looking at the most recent price action, I'd be looking to re-accumulate at lower levels if that big massive Harmonic elephant in the tub starts to really move. We've got our long cold bags and added some on that last 0.33's range but don't be surprised if we head back to the garage days (sub 0.20) and see some big buying ops down there in the basement. Hedge your bets and don't be afraid to lock value on your longs with a few shorts. Enjoy the fireworks and as always, not investment advice. Box out . .
by FudBox
XRP | Unlocking the Secret Bonus LevelWelcome XRP friends! Wondering where we're going? Here are some things to consider : As we come out of our US Thanksgiving Day food comas, we're looking at some decent gains on the most recent run BUT, you're asking if this is it? Honestly, I think it still has legs for the 0.45 area where we find resistance at the 200 EMA Look at the fork and see if it makes sense to go there, I think the Fibonacci's all suggest it's possible. Remember, XRP ALWAYS pumps before mad dumps and there's still a ton of overhead selling pressure if you look at the VPFR, Look at all the volume that went into the 0.50+ range before the most recent selloff. Check out recent statements by Ripple CTO regarding ETH looking more and more centralized as a result of much of the network relying on AWS servers. What a comedy show and Vitalik looks more tarded with each passing day. Bitty is also having plenty of negative light being cast, I can't see us NOT having more down. Anyway, see you at the bottom . . eventually
by FudBox
11