NIFTY50 is looking Bullish.Nifty is likely to be Bullish till it's above 17260.
❓ Reason: Because of Two consecutive candles closed above ATM Machine Target Point on hourly chart.
🚧 Upside Hurdles: 17340, 17535, 17645.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🟢 Positional Trend is Positive.
🟢 Long Term Trend is Positive.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
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Indicators
JUST ONE INDICATOR TO WIN 90% OF YOUR TRADING OPTIONS.....HELLO GUYS.....
welcome back to all of you here ...
it was so long time working to make this news strong indicator to make the trading easier and to know the best candle to open our new postion and it ll try to explain it shortly and what we can see here >>>>
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1- the best moving average ( 60 EMA ) >>>>
2- two fast WMA ( 6 WMA/ OPEN )
(6 WMA /CLOSE)
and when we see that cross between it .. it ll lead us to get ready for the next step >>>>>>
3- strong colored background signals depending on ( smooth 7 WMA/ohlc4) ... and it can get the best ttime to open our new postion >>>>>
4- red and green cross signals on the chart candles and it depends on 7WMA moving average >>>>>>>
5- you can see finally strong auto support and resistance lines .. and u don't need to draw it >>>>>>
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this indicator can work on all time frame and on allllll assets u want ....
and i ll link some pictures for that ......
if u have any questions send me massage
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ZENUSDTHello friends
The positive divergence of the RSA in the weekly chart and the downward trend line , which the price is just below, is an interesting combination, isn't it!?
If the $12.25 range is maintained in the current trend and the upward trend is placed above the $17.2 price range, the long-term downward trend line will be broken upwards.
In this case, we can expect an increasing trend in the medium term.
What do you think?
EURUSD NEXT MOVES!Ill be keeping an eye on price action towards market close and early next week. I'm very interest in a longer term swing short trades but for the mean time I'm looking at a short term continuation long.. hope everyone has had a good trading week and ill be back on Sunday to cover any possible setups.
BRIEFING Week #39 : The Dollar Gamble at Full SpeedHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Regarding the SR_R_C (Stoch RSI + RSI + CCI) indicator...Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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We use several methods to analyze charts.
When you start studying charts, you study a lot of things.
However, you should forget everything you have studied, trends, patterns, and indicators when conducting real trading.
Otherwise, it is because you are stuck in the studied frame and try to fit the chart into the studied frame without interpreting the chart movement as it is.
I think that this behavior makes you analyze charts with subjective thoughts, which increases the chances of creating a wrong trading strategy.
To prevent this, we will explain a new indicator.
The SR_R_C indicator is a combined indicator of the Stoch RSI, RSI, and CCI indicators.
- The set values of the Stoch RSI indicator are 14, 7, 3, 3.
It is displayed as one line by treating it as the middle value of the K and D lines.
- The setting value of the RSI indicator is 14.
Instead of the existing Close value, we tried to maintain the continuity between the oversold section and the overbought section by calculating the Heikin Ashi Close value.
RSI indicators are displayed in columns.
- The set value of the CCI indicator is 9.
When the CCI value rises above the +100 point, it is marked as overbought, and when it falls below the -100 point, it is marked as oversold.
CCI indicators are displayed in bgcolor.
There are a lot of information on how to interpret each indicator if you search.
However, you can read the searched content and forget it.
The detailed interpretation method can add subjective interpretation to the objective information that can be obtained through the index, so you can forget about the method of interpretation of the index itself.
The core interpretation method of the SR_R_C indicator can be interpreted that if two or more of the three indicators are defective, a reversal of the trend is highly likely.
For example, if two or more of the Stoch RSI, RSI, and CCI indicators are in the oversold zone, it can be interpreted that there is a high possibility of turning into an uptrend.
Conversely, if it enters the overbought zone, it can be interpreted that it is highly likely to turn into a downtrend.
Trend patterns such as Fibonacci, Harmonic, and Elliott waves will show the result of the discussion depending on the selected point.
Therefore, in order to use these patterns, indicators, and tools, the selection of a selection point is the most important.
However, I think that auxiliary indicators, such as MACD, RSI, Stoch RSI, CCI, etc., can help to obtain objective information because there is no point of choice.
In conclusion, the reason for analyzing the chart is to make a trading strategy based on the analyzed content to make a successful trade, so it is important to analyze the chart in the most objective and essential way.
Even with any of these indicators, patterns, and tools, critically choosing the wrong support and resistance points will lead to trouble crafting a trading strategy.
Therefore, solid learning of support and resistance points is required before studying or utilizing all indicators, patterns, and tools.
Thank you for reading this long article to the end.
For reference, all indicators included in this chart can be used normally if the chart is shared.
Also, you can copy and paste the indicators to other layouts to use them neatly.
Elrond EGLD Bearish SentimentFriday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum .
With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week.
EGLD/USDT short
Entry Range: $47 - 49
Price Target 1: $42
Price Target 2: $39
Price Target 3: $30
Stop Loss: $56
ASX Trades - AVL Long IdeaDisclaimer: I am a new trader, practicing my analysis and methodology and using these ideas to document and review my progress. All feedback is welcome!
Price has been in a tight consolidation for several weeks now, but has remained above the 200EMA since breaking above it in late July.
A clear base has formed at the 0.041 level during this consolidation period.
Trade idea will be validated by an increase in buying volume, causing a breakout above the consolidation pattern. If price retests and confirms the 0.050 level as support, and RSI is above 50, then I will enter the trade.
Initial stop loss will be below the pattern, and targets will be the previous monthly open prices (the dotted blue lines).
The 9EMA will act as a trailing stop when/if the trade is active.
This is a swing trade, which I will hold for 1-3 weeks depending on the market's movements.
FLOW bearish sentimentNext week we have the FOMC meeting.
Most likely the Federal Reserve will raise rates by 75 basis points. In case of 100 basis points increase, i expect a sell-off in the markets.
Major cryptocurrencies have seen heavy coin inflow into exchanges recently.
I expect a strong sell pressure next week.
FLOW/USDT short
Entry Range: $1.79 - 1.85
Take Profit 1: $1.69
Take Profit 2: $1.50
Take Profit 3: $1.10
Stop Loss: $2.35
BRIEFING Week #38 : Merged, 4Witches & FED aheadHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil
$SHOP running lower🔸️Ticker Symbol: $SHOP timeframe: 15M 🔸️Bearish Pattern 🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: SHOP has a beautiful setup for shorts.. I will be looking at playing the 30 Sept 30p strike for about .80. Combining the sell model, trendsi indicators, and order block trading strategy... all indicate a movement; watch for price to come back into the $33 order block before playing shorts. TP and SL are marked on the graphic!
Looking at Trendsi Dashboard, it's easy to assume that this rise to our entry level will put us at the upper red band of our regression channel; money flow will be in our upper red band; and as we continue to back test these indicators, they have been spot on when determining future price movement. Using technical analysis and these very powerful indicators; I will be buying ITM options, for next weeks exp date.
🔔 Follow for daily stock, crypto and forex technical analysis .
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
$TSLA poised to drop🔸️Ticker Symbol: $TSLA timeframe: 15M 🔸️Bearish Pattern 🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: After poorer then expected CPI data this morning, a sharp decline in the market has led us to believe that there is still some red left in Sept. As we come into Friday; which we have OpEX, stocks are set up to drop even more.. as smart money has been loading up on put options. My entry will be $296.32, about the .5 retracement of the order block from the marked Order Block/ Supply level. I will have my stop set up just a little higher than the supply level; and will target the C wave/ swing low that was set today. This is a 10:1 risk to reward, and about a $8 dollar drop in TSLA.
Looking at Trendsi Dashboard, it's easy to assume that this rise to our entry level will put us at the upper red band of our regression channel; money flow will be in our upper red band; and as we continue to back test these indicators, they have been spot on when determining future price movement. Using technical analysis and these very powerful indicators; I will be buying ITM options, for next weeks exp date.
🔔 Follow for daily stock, crypto and forex technical analysis .
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
EUR/USD Macron style gap up? -13/9/2022-• EUR/USD chart had a gap up during the weekend following some positive news about the Ukraine-Russia war. Reports mentioned that Ukrainian forces were able to re conquer major parts of southern Ukraine
• Markets were relieved following this news, which prompted some fresh selling for the US dollar
• Investors are keeping an eye on the headlines in eastern Europe. Some believe if Ukraine keeps on advancing, war could be approaching to an end, which would reflect positively on the pair
• Technically, short term trend is bullish, supported by a 20MA pointing upward
• Price is just at the 50MA were bulls and bears are fighting for dominance
• Bears eye a move to 1.0050 level while bulls are targeting 1.02 and beyond
• First resistance: 1.02 followed by 1.0350
• R1: 1.020; R2: 1.0350
• S1: 1.0050; S2: 1.00
GOLD GREAT trading opportunity -13/9/2022-• Major potential double top on daily chart
• Double top at 2070 (2020 and 2022 highs)
• Neckline support at 1680 (2021 and 2022 lows)
• Very clear and typical bearish pattern
• Measurement method is distance between neckline and high of the pattern (2070-1680)
• Bears eye a break of the neckline support and a target projected at around 1300 (breakout point-distance)
• Bulls defending support at 1680, we already saw more than one failed attempt by bears to break that level
• Trading recommendation:
• Only sell on a clear and confirmed break of the neckline support. Increasing volume and consecutive daily closes below the support validate the pattern further more. Stop loss just above the line
• Buy as long as the support is not broken. Stop loss just below the line
OIL -12/9/2022-• Oil prices turned bullish recently
• Short term trend is bullish, possible minor head and shoulders in play
• If the scenario is to become true, we are now forming the right shoulder, the last move before the breakout
• Highlighted on the chart is the distance between the head and the neckline which is around 9.00$
• If the bullish breakout occurs, we project this distance to the breakout point
• Target should be around 100 figure, if we get the breakout around 90
• Note: Patterns have a chance of failure quite some times, so it is always recommended to wait for a breakout.
Traders should be patient and try to get as much confirmation as possible such as increasing volume at breakout.
RetraceThe orange oval is what we wanted to happen and it followed the push up with Bitcoin…..
Now we can expect a push down until the yellow circle around $1620 for a scalp retrace to $1720
IF we see it drop below $1690
IF not we can expect a push up to $1922 or a bit higher with a break of $1810ish
BRIEFING Week #37 : Merge Merge Merge !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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That's the best way to support me and help pushing this content to other users.
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Phil
Ribbons and sup_and_dem analysis and trading setup for EURUSDAs you can see strong dynamic level is broken up and in case of probable reversal I will long the pair around the demand zone.
TP is around the VP of the last significant reversal which coincidence with dynamic level.
SL is just below the zone!
I think the long-term channel may be broken temporarily.
We do have chance to short from the VP level.
Indecision but bearishWe see indecision on the DAILY, this is the 4 hour but if we decide to get a bull run I expect possibly to $1720
Currently going with the bears on this one could see
Reversal @ $1430, $1350 or as low as $1000
If we go bullish I except to buy over $1660 and a push to $1720 before strong resistance….
Just TA not FA
I apologize for the messy chart just a way for me to see support from years ago
USD/JPY -8/9/2022-• Possible inverse head and shoulders pattern on monthly chart
• Bullish pattern, formed at bottom
• Next bullish target is 1998 high at 147 followed by 1990 high at 160
• If the pattern is valid, bulls still have long way to go and can reach decade highs
• Based on the measurement method, Yen could go to as low as 200
• Measurement method for this pattern is the distance between the head and neckline, which is around 50 in this case, added to the breakout point around 130