AAVE will continue his falling?!BITGET:AAVEUSDT touched the Lower High's trendline and immediately went back down for a -4,56% (respect the +11% that was made before).
This means that BITGET:AAVEUSDT rejected the trendline and went back.
This could indicate that BITGET:AAVEUSDT could go short again for some time, in the extreme case it could touch again the blue support.
Or BITGET:AAVEUSDT could retest the trendline and even break it and go up to +100$ or even more.
Lowerhighs
Stock Chart Analysis 101, Recognize the PatternsIf you check my previous post about AMEX:IWM you will see that I signaled the potential for a lower high here. This is no confirmation of that being correct just yet. I just thought the opening of the week was extremely interesting.
Check out the Equity Channel Podcast on Apple, Amazon and Spotify for more information on trading and investing.
GOING LONG IN AAPLBullish Indications (BIASED LONG)
1. Morning Star Formation at the Point D
2. Bounced back from major support which was tested before 2 times
3. Bullish Divergence
4. Bullish AB=CD Pattern found
5. Price will go up for correction
Bearish Indications
1. Lower Highs and Lows
2. Price will continue its bearish trend if it breaks the support level
GOING SHORT in AUDUSD BY TRADING STARTEGYBearish Indications
1. Lower Highs and Lows
2. Three Black Crows on LH
3. Significance Resistance and support area
4. Head n Shoulder Reversal Pattern
5. 0.6591 and 0.66903 fib levels restest on 1D TF
6. Significance Bearish Divergence
Bullish Indications
1. December Remains positive for the last 3 years
There are more bearish indications so I will open a short position by managing proper risk/reward which is 3% of my portfolio
EURUSD - LH/LL & Reversal - ShortEURUSD - LH/LL & Reversal - Short
I've entered a short position on EUR\USD after completing multi-timeframe analysis.
The confluences are:
1. Price has broken below the 50 EMA on multiple timeframes, including the 15M
2. We are now forming lower highs and lower lows on multiple timeframes
3. Overall on the higher timeframes (D/4H), we are starting to look bearish
4. Price is on/around the .618 Fibonacci level
V:More pain in sight!Visa
Intraday - We look to Sell at 199.64 (stop at 210.66)
The medium term bias remains bearish. A sequence of weekly lower lows and highs has been posted. This is negative for sentiment and the downtrend has potential to return. Resistance is located at 200.00 and should cap gains to this area. Preferred trade is to sell into rallies.
Our profit targets will be 173.20 and 165.00
Resistance: 200.00 / 235.00 / 250.00
Support: 173.00 / 140.00 / 120.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre
GBPUSD: Bears still lurking?GBPUSD
Intraday - We look to Sell at 1.1915 (stop at 1.1965)
The medium term bias remains bearish. Previous support level of 1.2003 broken. A sequence of intraday lower lows and highs has been posted. There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 1.1760. Preferred trade is to sell into rallies.
Our profit targets will be 1.1765 and 1.1700
Resistance: 1.1942 / 1.2003 / 1.2145
Support: 1.1791 / 1.1760 / 1.1700
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Nasdaq: Bear is In-ChargeA typical characteristic of a bull market as seen is its significant highs are higher and its lows are higher.
However, the market has confirmed moving into bear when the market broke below the major uptrend on the 3rd week of 2022.
Now we could see the Bear is in-charge. And a typical characteristic of a bear market as seen is its significant highs are lower and its lows are lower.
Before 2022, my strategy was to buy on dips. However, starting this year when the major uptrend line was broken below, my focus now is to sell into strength when opportunity arises. Of course fundamentals also play a big part when Jerome Powell mentioned in December 2021 that U.S. inflation is "not transitory". Then we all know the Fed was preparing the environment for more interest rate hikes in 2022 and maybe beyond.
When things change, our strategy changes.
Weakness in NIFTYBANKNSE:BANKNIFTY
Weakness Observed in this current uptrend wave.
Reasons
1. Series of HH - HL has been broken and a new LL has been created.
2. Continuous decrease in RSI indicates weakness in trend.
This Analysis is not a trade recommendation. It is completely for study purpose only. Do your own study and research before getting into the trades.
BTC summary (December 2021) downwards channel (LL's & LH's)My thoughts on bitcoin?
1) downwards channel formation still intact.
2) lower highs, lower lows.
3) breakdown from uptrend that started July 2021.
4) market structure aoi around $44,444.
5) would like to see a 3rd tap on the support line on the downwards channel with strong buy pressure.
Happy holidays to everyone, and Merry Christmas.
👍
US30 Creating LHs and LLs (at different SUPPORT AREA))A previous Bullish Uptrend has been invalidated at the Break of S1 which created a Resistance and a retest at S2 with price holding to retest the trend-line acting as Resistance.
A Bearish Engulfing and or Spinning Top with a Strong Bearish Candle is required at this RESISTANCE AREA to go short.
HOPEFULLY BULLS WILL STRIKE IN AND HIT MY TARGET.The first question i always ask myself is "who is in control of price?" that way i can analyze my trrading from a price action point of view.
So, who is in control of price on this one? First we have a bearish trend followed by a tiny pull back and then an indecision candle which tells us that the bearish power might transitioning to the bulls. Of course i might be wrong, but that is why i keep my Risk/Reward a 2:1 minimum, that way i only have to be right 40% of the time in order to be profitable.
"Trading is not about being right most of the time, its about being profitable" - Anonymous
Trading Details:
Time Frame: 8hr
Entry: Above the high of the indecision candle
Stop loss: A few pips below the Indecision Candle
Risk/Reward: 2:1
Account Risk: 2%