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Ichimoku_trader

MphasisHello and welcome to this analysis on Mphasis. In the daily time frame its been in a sideways trend now for quite some time forming an Ichimoku P Wave. We can see each swing zone has a 3 leg structure testing the 2 trendlines. Currently it appears to be ending the 1st leg of the the last wave down (likely), a small bounce back from the current level and then the final leg of Wave E near to the lower trend line should complete this P wave triangle Results are scheduled to be due end of the month. By then it is likely to complete what would be the end of a Price and Time correction in it. Until then stock will continue to remain in a narrow range. View would be wrong if the swing low at Wave C is broken. Alternatively if a turn from here breaks the upper trendline then will consider this low as end of Wave E.
NSE:MPHASIS
by Dinesh_C_Nagpal
US30 sell off not over? Analysing some charts for the following week and found what looks to be a head and shoulders bottom forming. Is the sell off not finished? Could we see another leg down before we recover? Price broke up past the cloud but this could mean a false breakout and a short term rally, price has dropped below the conversion line and closed below the past 4 periods. The lagging span is still below the cloud so there isnt clear signals that this is a bullish trend forming just yet.
OANDA:US30USD
by Shealy
Ichi says "Let's play a game!"Looking at the total market one may find that it can also be measured with the same tools and dynamics of understanding like any chart. From what i see, this since this is excludng the BTC and ETH, means money is pouring in and out, so id expect a reaction once it hits the conversion line, but the reaction of it is still unpredictable, since in stock-to-flow chart we way far from a comeback, so a stinging pierce is possible sending BTC to the Lower lows,. Having said that, a retest or a higher high is also possible since BTC hasn't yet broken the above line of resistance and is above the 200 EMA on the daily time frame , and is now in a similar position like before, however attending that it is also below the kumo in the 3d timeframe, i think a side movement is also possible after it heits the conversion to scare people off, whilst whales start buying. Pay attention to volume, volume is king. Short term: Bullish Long term: Neutral
FTX:ALTPERP
by El_Morenito
Wave Analysis with ichimoku USDCAD1️⃣ From the point of view of the weekly time frame, the line trend is not clear yet and is still sideways in a fairly stable range. 2️⃣ With the d1 time frame chart, we can analyze a balanced pattern on both x, y axis. According to the Western wave pattern analysis method, this is called the ABCD pattern, in which the sides AB=CD. However, if we look at it from the perspective of ichimoku, we will call this wave N. But the difference in ichimoku from the western pattern PT is the analysis of the balance of the X axis (time). After creating balance, the price line is likely to reverse at point D or at the end of wave N.
Long
by Shin_ichimoku
XAUUSD Kijun BounceWe got a touch of Kijun-Sen that got rejected on this pair (tellow circle). This happened while we just escaped the bottom range so it gives resistance at the bottom. With this in mind lower your position sizing. The Kijun future is sloping downwards and cloud is bearish. The future cloud does look a bit bullish however. Chikou span is free to move down as seen by the area I plot after Chikou. Stop right above kijun-sen and target I put at some previous low. I've added a short order at 1923 to grab some more on a small pullback
FOREXCOM:XAUUSDShort
by Honestcowboy
USDCAD future C-ClampI recommend anyone in a short to atleast take some profits right now as the drop in price is becoming unsustainable. Especialy if you look at the future of the ichimoku lines you can clearly see a long flat Kijun-Sen. These flat Kijun-Sen lines usualy attract price very well. Bullish candle is already forming on the daily chart and I only expect it to increase. We might even see a complete return to the range. This is a classic example of the C-Clamp pattern in ichimoku. This happens when tenkan-sen starts to move very far from kijun-sen leaving the trend unsupported and unsustainable. You can look at this as overbought or oversold. With this new technology we can see the probability of a future C-Clamp happening (pink lines). My advice is to long back into the previous range if you see more confirmation and put stop loss below previous low as that is where kijun-sen will no longer be flat.
Long
by Honestcowboy
Kumo breakout on BTCUSDT dailyThis is not the cleanest Kumo-break you can get as not everything says bullish. For example the Tenkan-sen is below Kijun-sen and laggign span has a high chance on finding resistance in next couple days when touching previous bullish move. I would not allocate alot of capital to this trade as it is not a perfect kumo break. However it will probably have it's impact on BTC as ichimoku traders entered the market here. According to hosoda wave theory N-target would be 48241. This is the point where the N-wave completes. Move stop with Kijun and keep trailing it below Kijun in the coming days. I would also advice to take some profits at past fractal level: 45421
Long
by Honestcowboy
GBPUSD Long the Kumo BounceWe got a move straight to the top of the long term cloud and then a big retracement towards the top of the short term cloud. This also coincides with the neckline of the previously formed head and shoulders pattern. Places where multiple supports confluence are usualy very good areas to open a trade. I expect the price to go back up to the top of the orange cloud and put my stop loss right below the right shoulder of head and shoulder formation.
Long
by Honestcowboy
Short the Moving average + ichimoku.When I just opened the chart I saw a rapid decline from the Kijun-Sen and moving averages towards the bottom of the cloud. I expect price to move all the way to previous range low and put stop right above that range where the Kijun-Sen confluences with that line. Once I master this form of charting Ill start educating, my goal right now is to become a profitable trader first and not be a clown guru who does not even make money himself.
Short
by Honestcowboy
BTC worst case scenario forecastThis situation is very likely to play out on BTCUSDT pair. Looking at this doom triangle and all the uncertainty in the market this is most likely going to result in a crash after breakout. Some hope for holders: This setup is so clear and logical and I see alot of people post about it, now look at it from the perspective of the composite man/market maker. How will he make the most money? By doing exactly the opposite. Give the traders a triangle breakout to the downside so they load some more short positions. At the same time market maker will be filling long positions ready to crush all retail traders. Give them a false breakout and then rally towards all time high. This whole situation can be seen as an accumulation phase.
by Honestcowboy
Three peaks at resistance pointI have been watching this pair very closely today as it broke the very long term trendline (purple) and I am expecting it to move back down to the bottom purple line of channel in due time. Distance from Kijun is also very high and a retracement has to happen naturally. Possibility is to wait for more clear trend direction change and use a bigger stop loss instead of guessing top with red trend line as I do here. You can target much lower than this take profit and increase risk to reward but probability of trade finishing will be much lower. Trend lines when zoomed out:
Short
by Honestcowboy
Tension building up for BTC, how to move forward.We have seen huge swings lately and BTC has been ranging for the past weeks. The range has been long enough that it now is entering a phase where we can get a squeeze inside a trend line triangle. My expectation is that BTC will break out to the upside to enter Kumo Cloud, I estimate that because BTC has been pushing against it and not respecting the resistance alot. When it does break out and stay in the kumo for a couple of days my execution would be to put a limit order at the Kumo Cloud bottom which now will have become support. I expect BTC to test the top of the cloud in the future espacialy as it also is an area of resistance based on past price action. If the market starts to go bearish this thesis is no longer valid and that is wy stop loss would be at the level where I think we confirm market is going bearish. In a bearish situation I will not open any position at all as we are in a very discounted area for BTC and if we can learn one thing from the past it is that BTC has made it's most respectable increases in value after a period of consolidation -50% below it's ATH at that time. The Ichimoku on this chart has settings: 20,60,120,30. This is because I see many people use this setting on crypto. This setting is good because with crypto being very volatile a longer length Ichimoku can help in having a clear view on the market while standard ichimoku does clutter the chart in the crypto space. However, it is good as an ichimoku trader to consult both the standard and the edited version.
by Honestcowboy