Longest Consolidation Period Since 00's | 1D, 1W ChartsAAPL Tech Giant vs The World
AAPL has had a rough couple of weeks so to speak. With Treasury yields, to their new iPhone 15 overheating issue, there is much to be said about how this will playout in the long run for AAPL stock. Tech giants 12 month price-to-earnings ratio fell to 27 from 34, but APPL is forecasted to reach higher earnings in Q4 and beyond. September could be said to be a messy month for The Magnificent 7, but hopefully this is the calm before the storm.
1W Chart
- Moving Average: Let me explain why this is such an important indicator. As you can see I have labeled the number of times AAPL ducked bellow the 50 D SMA, and after every duck came a rally to the upside, as soon as it broke through the average. This has been a 15 year trend. Now if it were to duck under the 50 D SMA again, after it already had, then this would be a very bad sign . Expect to be consolidation for God knows how long.
- RSI: In every bull rally, I have shown the average support levels in the RSI, this is to make sure we are staying on trend. Now there is a red line that can be seen at 37, this indicates the lowest level the RSI has gone during a Bull Rally, if it were to break this level, we are now in the longest consolidation period since the 00's.
1D Chart
- Moving average: Nothing fancy, it's there just in case, However, there are important levels that need to be discussed. There are 2 potential levels of support that AAPL needs to hit in order for it not to be considered consolidation. 164 and 157, with 157 being the lowest. Obviously not these exact same numbers but around this area is what we need to be looking at for a couple of days.
- Stoch RSI: Is at a level where we can start breaking higher.
Extra
- Make sure to look at other Tech Giants and Treasury Yields for any correlation, as I did not have the time to include them in this Idea.
Please let me know your thoughts in the comments, if you liked this Idea, give it a boost as it helps he out in making more charts for you guys!
Longposition
I think we are going long for QQQ and I will explain why.I think that we are going long for the QQQ based on my chart analysis. We are bouncing off a support zone and we were also overextended from the lower Bollinger band. We are also oversold on the RSI Heikin Ashi. And the MACD selling pressure is decreasing. I do not know how long we will go up but I feel like we will go up.
XAUUSD Long positionGreetings.
This is my bullish idea from XAUUSD.
Because we're going in the next quarter i will be expecting the banks to immediatly push up the gold price from this insane low price.
I also see an imbalance within the Big short move from last week.
I would highly recommend taking this position as soon as the market opens, I will be expecting a longer time for this investment to run but for now if looking for a 100 pip move this would be an ideal position.
If anyone has any comments, you're welcome to comment on this post.
With kind regards.
Leroy Wessels
Full Breakdown of LINK | Breakout? | 1H, 1D, 1W Charts | NewsLINK Integrations, SHIB vs LINK
LINK, the Chainlink coin, has been the topic of the hour with many still under the radar wondering what the hell it is, and why is it up 16% this week while other alt coins are far behind? To put it short, Chainlink's CCIP (Cross-Chain Interoperability Protocol) has everything to do with it, and with Chainlink reaching a new milestone announcing 10 new integrations with blockchain networks including names like Avalanche and Ethereum, it's bout time you hop on the new evolution of Web3.
LINK is also on it's way up the ranks, with SHIB being one of the biggest meme coins now sits bellow LINK. Bringing LINK to 18th place.
1D Chart
- Wyckoff Distribution: Here to show the phases that which we reside, as you can see we are well past Wyckoff Distribution and are now at a level of support (4.7)
- FIB: We have been sitting here for over a year in consolidation. There has been a consistent pattern where we hit the 0.236 retracement then pullback for a couple months, as you can see we are reaching the level once again for a fifth time.
- Parallel Channel: Shows a steady decline
- Volume: Low trading volume meaning possible breakouts
- RSI: Relative Strength must stay above 40.00
- SMA: What help is this anyways lol
- Elliot Waves: Thought I should include the Elliot waves (ABC) because it was a pattern I was seeing since the last hit of the 0.236.
1H Chart
After crashes both in spring and summer, it was followed by a bullish rally. Both lasted 52 days before there was an uptrend.
- FIB: Summer rally hitting retracement levels, keep eyes out for any rejections
- Indicators: Northing much matters, just keeping an eye on 200 SMA to see if it still plays as a level of support (Summer)
1W Chart
- Stock RSI: Uptrend, getting ready to hit parallel channel and 0.236
- RSI: Probably the biggest thing to point out in this entire analysis is the Bullish Divergence
Bonus Chart
- Please tell me your thoughts in the comments of my analysis where you think the price is going, as it would help me out to make more of these! Thanks!
AUDUSD - Long Trade IdeaIf price doesn't reach the final 30m Sibi, I would like to see a possible long entry form. I am anticipating the annotated 30m Bisi (R2F) to be a POI for an entry, but if the current candle doesn't break its low, then a new potential area would have formed. This is a counter-trend trade, so swings are not recommended until further confirmation.
For better RR, wait for more confluence on the lower timeframes for stoploss placement.
Coinbase Textbook Bottoming Pattern Found Hi Guys! This is a Technical Analysis of Coinbase (COIN) on the 1 week timeframe.
As you can see we have drawn out a Inverse Head & Shoulder Pattern forming in COIN.
This is a textbook pattern as it follows to the t the necessary criteria both in price action and volume.
Stages of the Price Action
Downtrend to form Left Shoulder
The rally from Left Shoulder does not breach the Neckline
Downtrend from peak of rally to form Head
The rally from the Head also does not breach the Neckline
Downtrend from Peak of rally to form Right Shoulder
The rally from the Right Shoulder breaches the Neckline
A Return move from the breakout back to Neckline -> This stage we are currently playing out
Volume Signs of Textbook Inverse Head & Shoulder
1. Left Shoulder has taller volume bar (higher volume) than Head Volume
2. Lighter volume or shorter bars seen for Head than Left Shoulder
3. The rally from Head to Right Shoulder has increasing volume that exceeds volume of the rally from left shoulder to neckline
4. DOwntrend to Right Shoulder -> shows a declining volume bar height / declining volume
5. Sharp Spike on Volume during rally from Right Shoulder to Neckline breakout
6. Declining Volume during current move, the Return Move
Thoughts:
Both times we rallied from the shoulders we reached a Resistance zone and got rejected.
I believe we are currently in the "Return Move" to test the Neckline as Support
-> The areas i am looking is:
1. 0.5 FIB Level, this is also where the 21 EMA converges so a Support zone to watch
This area is important because it is the "Golden Zone" for FIB, as well as where the 21 EMA is at. This makes this area a place to observe for potential bounce. Though i believe this to be short lived.
2. Testing Support on the NECKLINE SUPPORT line
3. This one is least likely but nevertheless still possible, the 0.382 FIB Level, a potential scenario being a WICK down from testing support on Neckline
After testing these levels i believe that Coinbase will start its Bull run where it has tremendous growth in market cap
A first target would be breaching the Resistance zone and confirming it as Support.
Take a look for yourself. Experts let me know what yall think!
Stay tuned for more updates on COIN in the near future.
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
motherson looks like bullish " NSE:MOTHERSON Motherson is currently showing a robust support level at ₹ 95. If the stock manages to break above this trendline-level within a short period, it could potentially experience a significant upward momentum, with a possible target around ₹ 103."
This statement emphasizes the current support level at ₹ 95 and the potential price target at ₹ 103 if the stock breaks above it. Remember that investing in stocks involves risk, and it's important to conduct thorough research or consult with a financial advisor before making any trading decisions.
DAX potential 500 points LONG! Retesting LOW VWAP BAND
Helloo Traders:)
DAX has already double-tested the lower limit of VWAP -1, accepting this level twice with a dynamic break to the upper limit of VWAP. Currently, the session closed above the level of the lower line VWAP. What may announce another positive break towards the upper limits of the VWAP. Opening a long position after Heikin Ashi generates confirmation. Negation of the scenario after going below and closing the candle fully below the lower limit of the VWAP. If you are curious how VWAP works, I have created a short tutorial available on my TradingView profile.
I wish you good trading week!
PEAB - Great opportunity for a long-term holdPEAB is a construction company based in Sweden, if you are interested in dividend stocks this might be something for you.
PEAB looks very promising in these areas. The housing market is on the verge of an upturn again, and interest rates are likely to start decreasing next year.
I see no reason not to invest in the company right now, given its current valuation, and hold for many years to come. I have bought some shares at these levels.
If you factor in the annual inflation we have, PEAB is not far from the 2008 low, and that bottom was extreme. In my opinion, we are currently very oversold.
1D MATICUSDT.P LONGBINANCE:MATICUSDT.P
No many pro words..just 2 simples ways to wait..Look this Rsi bottom we can see 2 different moments here from chart.and rsi
Matic is goin up for sure..but how high can we holded ? There will always be bubbles ..
Try to get out from the highiest TOP RSI with good earns
STOP FOLLOWING ME !!
Swing trade during the FOMC meetingThe swing in 4H time frame is still in the impulse wave of the daily swing.
The impulse of the 4H time frame swing has started(DB neckline breakout level 83.2500)
Caution :: FOMC meeting on 20 Sep'23 11:30PM IST and the current market price is at the weekly resistance of the ascending triangle pattern.
MPHASIS long positionOn the chart we can see the price is consolidating inside the falling wedge.
We expect that the price breaks above the downsloping support and when that occurs it would be the entry for a long position.
In order to avoid false breakout, look for the volume increase.
The target is shown on the chart.
Has GOLD made its low?It seems that GOLD might have made its low.
-Price turned 200EMA back to support (red moving average)
-Showing rising demand on the three lows I marked, and last one is the highest (rising demand).
-RSI break?
(White arrow)
When/If this lower high is broken then the price structure changes from lower highs to first time making higher high since may. Which gives me more conviction for a trend change. (ofc price has to stay on top of this level for keeping this valid)
The higher low break on 200EMA works as stop loss for me
I have around 2.5% of my net worth on Gold/Silver. I'm planning to make it bigger cause Gold will possibly run around 2.5k-3.5 in 2-3 years, and silver $50-$100
Good investment for years to come as quantitive easing etc will keep going harder than ever..
Check out my june BTC Dominance analysis here which hit spot on! :)
ETH -16%, BNB -30%, ADA -33% against BTC since that call
If you are starting out trading "post about great mentors I follow and respect" here
1st mistake novice traders do is that they don't use stop losses, doesn't calculate their RIsk/Rewards and gets their ass burned cause of that.
Always use them!
-PalenTrade
ETH USDT 4 Hr Analysis. BINANCE:ETHUSDT
According to my 4-hour ETH analysis, the price is hunting the stop-losses of the previous low-low, and is now consolidating in the 1620-1630 range. The price is expected to move upwards to hunt the liquidity of the upside, as there has been a massive lower-side rejection at the 1611-1598 level in the last 4-hour candle. This indicates that the price is likely to move upwards in the coming hours.
In other words, the price is currently in a range, but there is bullish momentum building. Buyers are expected to push the price higher to hunt the stop-losses of sellers and to take out the liquidity on the upside.
Please note that this is just my analysis and is not financial advice. Please do your own research before making any investment decisions
"Bearish Outlook: GBPUSD Descending Channel Analysis"GBPUSD is still in Descending channel - bearish market, expected to fall towards support near $1.23100 before making retracement from broken support around 1.26070 - where we are likely to get the best trades (bears).
Considering the broken ascending channel on the Daily TF plus the small ascending channel on the lower 4H-1H time frames, this puts us in mind, it indicates more bears in the market.