NQ Power Range Report with FIB Ext - 12/22/2023 SessionCME_MINI:NQH2024
- PR High: 16956.25
- PR Low: 16931.75
- NZ Spread: 55.25
Key economic calendar events
08:30 | Core Durable Goods Orders
- Core PCE Price Index
10:00 | New Home Sales
Prev session inside bar
- Fading from prev session high
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 208.92
- Volume: 23K
- Open Int: 275K
- Trend Grade: Bull
- From ATH: -4.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
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.
Inside Bar
CRWD - Ready to bounce?CRWD - Ready to bounce?
Despite the steep decline in the general market that started in mid July, CRWD was actually trending higher, showing good relative strength. In fact,it is still trading above its 50 day MA while both SPX and NQ is now well below this MA.
There are a few signs that CRWD could be ready to bounce from it's recent correction that started on 19th Oct:
1. Bullish divergence between price and RSI on its daily chart
2. An Inside bar last Friday that could signal the near term correction could be ending
I will long as soon as it crosses above last Friday's candle (inside bar) high @ 175.70 with an initial stop loss about $1 below its recent low @ $170.
Disclaimer:
This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management (ie trailing stop loss and position sizing) is (probably the most) important!
Take care and Good Luck!
GBPAUD: “Reversal” Setup “IB Momentum” Buy Stop Entry (37/100)System has identified a “REV” playbook setup and a potential inside bar breakup for a “momentum” shift buy stop entry during the third hour of the LONDON 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in LONDON and only using only certain pairs. The win rate and expectancy are unknown. Please do not take these trades.
NQ Power Range Report with FIB Ext - 10/6/2023 SessionCME_MINI:NQZ2023
- PR High: 14861.25
- PR Low: 14853.75
- NZ Spread: 17.0
Key Economic Events:
08:30 – Average Hourly Earnings
- Nonfarm Payrolls
- Unemployment Rate
Micro NZ Spread ahead of high volatility expectation
- Brokers raise margin requirement for news
- Prev session printed as inside day
Evening Stats (As of 1:25 AM)
- Weekend Gap: +0.49% (filled)
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 244.15
- Volume: 26K
- Open Int: 249K
- Trend Grade: Neutral
- From ATH: -11.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
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.
UJ: “Break Out” Setup on “Inside Bar Momentum” Entry (14/100)System has identified a “BO” playbook setup and "inside bar momentum” break up market entry during the second hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
UJ: “Break Out” Setup on “Inside Bar Momentum” Entry (13/100)System has identified a “BO” playbook setup and an "inside bar momentum” break up for an entry during the second hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
UJ: “Reversal” Setup on “Inside Bar Momentum” Entry (9/100)System has identified a “REV” playbook setup consisting of a trend line break and multiple attempts to possibly capitulate using a broken inside bar “momentum” entry during the third hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
The Power of Candlestick Encapsulation in Trading: Utilizing theTrading is a captivating and intricate field that demands a profound understanding of financial markets, investment strategies, and technical analysis. Among the many techniques employed by traders, candlestick encapsulation is one that can prove to be particularly powerful. In this article, we will explore the concept of candlestick encapsulation and how one can harness the 50% of the first candle's length as a potential support or resistance level.
What Is Candlestick Encapsulation?
Candlestick encapsulation, also known as an "inside bar," is a price pattern that occurs when a subsequent candle develops within the boundaries of the preceding candle. In other words, the price range of the second candle is entirely contained within the range of the first candle. This pattern can appear on any time frame, from daily candles to one-minute candles, and is often used by traders to identify potential turning points in the markets.
How to Identify Candlestick Encapsulation?
To identify candlestick encapsulation, follow these steps:
* Examine the First Candle: Begin by observing the most recent candle on your price chart. This will be the "mother candle."
* Take a Look at the Next Candle: Next, examine the candle that follows the mother candle. This candle should have a price range that is completely contained within the range of the mother candle.
* Confirm the Pattern: To confirm candlestick encapsulation, the second candle must close within the range of the mother candle.
Using the 50% Level as Support or Resistance
Now that we understand what candlestick encapsulation is, let's explore how to leverage the 50% of the first candle's length as a potential support or resistance level.
* Calculate the Length of the First Candle: Measure the length of the mother candle from its high to its low.
* Calculate 50% of the Length: Now, calculate exactly 50% of this length. You can do this by adding the high and low of the mother candle and dividing by two.
* Draw the Horizontal Line: Plot a horizontal line on your price chart at the level you calculated as 50% of the mother candle's length.
* Observe Price Behavior: This horizontal line represents a potential support level if prices move below it or a resistance level if prices stay above it. Observe how prices react when they reach this level.
Interpretation and Strategy
The use of the 50% level of the mother candle's length as support or resistance can be applied in various trading strategies. Here are some important considerations:
* Breakout Strategy: If prices break above the 50% level, there may be a potential bullish breakout. In this case, traders may look for buying opportunities.
* Pullback Strategy: If prices return to the 50% level after a breakout, this could be an opportunity to enter positions in the direction of the prevailing trend.
* Stop Loss and Take Profit: Traders can use the 50% level as a reference point to place stop-loss or take-profit orders.
Conclusion
Candlestick encapsulation is a technical analysis technique that can provide valuable insights into potential turning points in financial markets. By using the 50% level of the mother candle's length as support or resistance, traders can add another tool to their trading toolkit for making informed trading decisions. However, it is important to remember that no technique is foolproof, and trading always involves a degree of risk. Therefore, it is advisable to combine this technique with careful risk management and a solid understanding of financial markets.
SAIL-DAILY/WEEKLY/MONTHLY-BreakoutNSE:SAIL
Stock is near verge of breakout 90-91 level. It has formed a rounding bottom near support levels.
As per the weekly chart it is creating higher lows from past few weeks. Currently there is a inside candle formed in weekly timeframe. However, it needs 3 more days to get confirmed how it will appear.
I still believe that the stock is bullish above 87-86 levels. If it goes for retest, it will be good opportunity to accumulate some qty around 88.50.
We can keep SL around 85, it has potential to go upside T- 100, T2- 110.
This is only for educational purpose, please manage your risk accordingly.
NQ Power Range Report with FIB Ext - 7/18/2023 SessionCME_MINI:NQU2023
- PR High: 15835.00
- PR Low: 15816.00
- NZ Spread: 42.5
Not much of a change from prev session
- Still trading inside Friday's range
08:30 - Retail Sales
Evening Stats (As of 12:05 AM)
- Weekend Gap: Irrelevant
- Session Open ATR: 210.38
- Volume: 19K
- Open Int: 255K
- Trend Grade: Neutral
- From ATH: -5.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15533
- Short: 15247
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.
EURGBP: Classic Bullish Reversal Explained 🇪🇺🇬🇧
EURGBP reached a key level last week.
Testing that, the price formed an inside bar formation on 1H time frame.
The range of the so-called mother's bar was broken to the upside.
It signifies a local dominance of the buyers.
I expect a pullback to 0.8745 / 0.876
❤️Please, support my work with like, thank you!❤️
NQ Power Range Report with FIB Ext - 4/18/2023 SessionCME_MINI:NQM2023
- PR High: 13186.00
- PR Low: 13175.75
- NZ Spread: 22.75 🧊
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Open ATR: 215.89
- Volume: 15K
- Open Int: 238K
- Trend Grade: Bear
- From ATH: -21.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 13531
- Mid: 12959
- Short: 12392
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.
Cypher Completeif the next 4 hour candle is inside bar up, bullish continuation.
TP1: 3896
TP2: 3925
Stop Loss: 3830
Good Luck