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Marketstructure

BTC - Correction Started ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), we know that the correction already started as BTC broke below the last H1 low. Now what? 🏹 BTC is still overall bearish, and we are expecting a movement till the lower bound of the orange channel which is also lining up with the previous daily low in green. 📈 As per my trading style: As BTC approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) UNLESS the green daily low is broken downward. In this case a deeper correction movement till the 25,000 support would be expected. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
28
EURUSD STILL POINTING LONGEURUSD price is now at the highest KEY level for this 4H Range (1.10920 area). The Direction is still LONG as for 4H, Daily and Weekly. as for Shorts shall be on ranges 15min and 5min short term sells. Hence we will wait for the Pullback of 4H to get Short and a Pullback on 15min shall be the entry point for the the Sell above 1.10920 area. For Longs still it will be risky to Buy at 15min Ranges but still a good range to trade if you can manage to take the 5min restructure of price to the upside. so for Buy - 15min range is 1.10917 - 1.10220 to buy look for 5min restructure to the upside around price are 1.10300. Sell - Price must first break the highest structure 4h and 15min to enable to get a clean sell, Look for the 15min restructure to the downside.
Long
by edmorcastones
Potential Upside Breakout or Downside Correction?let's dive into the world of Bitcoin and try to make some sense of the current market situation. As of the latest news, Bitcoin seems to be showing some positive signs, with the price experiencing growth of 1000 dollars in the last 24 hours from the 27900 range. This growth is largely attributed to the positive reaction shown by Bitcoin to two important supports. Currently, the price is approaching a minor resistance in the 28900 - 29000 range. However, given the economic news, the meeting of the Federal Reserve's Free Market Committee, and the new interest rate being announced, there is a high possibility of extreme fluctuations in all financial markets, including digital currency. As such, it is recommended to avoid futures trades with high leverage and manage short-term trades. For the medium term, there is potential for a correction in Bitcoin's price, but there is also a possibility of a positive swing before the correction. Now, let's look at some key prices on this chart. Based on the 4-hour timeframe, we can see that the local solid supports are at the 0 Fibonacci level of 27666 and the lower Bollinger band of 27637. On the other hand, the minor resistance can be seen at the 0.5 Fibonacci level of 28817 and the upper Bollinger band of 29603. In between these levels, we have the middle Bollinger band at 28620. As for the bullish scenario, if Bitcoin manages to break through the minor resistance at the 0.5 Fibonacci level of 28817 and the upper Bollinger band of 29603, it could indicate a potential upward trend. This could be further confirmed if the RSI crosses above the 50 level, the MACD starts to rise, and the volume oscillator turns positive. If these indicators all align, we could see Bitcoin testing the 1 Fibonacci level of 29969. On the other hand, in a bearish scenario, if Bitcoin fails to break through the minor resistance and instead breaks below the local solid supports at the 0 Fibonacci level of 27666 and the lower Bollinger band of 27637, it could indicate a potential downward trend. This could be further confirmed if the RSI crosses below the 50 level, the MACD continues to decline, and the volume oscillator remains negative. If these indicators all align, we could see Bitcoin testing the 24h low of 27910. In conclusion, the current market situation for Bitcoin seems to be volatile and uncertain. It is important to monitor the various indicators and key prices to determine potential bullish and bearish scenarios. As always, it is recommended to exercise caution and manage risk appropriately.
by MonoCoinSignal
45
Spy500: Elliot wave. Zoom out. Bigger correction incoming Studied Elliot wave theory only for about 2 years. Any input appreciated. Is anyone seeing this? IMO, I believe we could hit wave 5 of 3 hit the 4.236 fib and then big correction incoming. If fed continues to raise hike, war escalates, hyperinflation, etc - I believe we may have already complete this wave and we could be just on the BRINK of a much bigger bear market. In which case, further pain must happen and spy could go as low as 215.
AMEX:SPY
by knee000
Wyckoff Cycle - Practical Example 📚Dear TradingView community and fellow traders, I am Richard, also known as theSignalyst. I find the BTC weekly chart to be intriguing as it appears to be following the famous Wyckoff Cycle. I would like to apply Richard Wyckoff's four market stages/phases to this chart for analysis as a practical example. 1️⃣ Distribution BTC appears to have rejected the 68,000 level and is now in a distribution phase 2️⃣ MarkDown After breaking below 56,500 back in November 2021, BTC entered the MarkDown phase and began making lower highs and lower lows. 📉 The bearish impulse movements were initially large and steep. However, starting in July 2022, the bears seem to have exhausted themselves, resulting in a flat and small impulse movement. According to Charles Dow, this signals an early alert for a potential shift in momentum, which brings us to the Accumulation phase as per Richard Wyckoff. 3️⃣ Accumulation BTC is currently trading within a big range between 15,500 and 25,000 in the shape of an inverse head and shoulders as it forms a minor lower low followed by a higher low. 4️⃣ MarkUp BTC broke above the previous major high marked in gray, indicating that the bulls may finally be strong enough to take over for the first time since late 2021, thus entering the MarkUp phase. 🏹 BTC is now approaching a key resistance/supply zone. For the bulls to remain in control from a long-term perspective, we need a weekly candle close above 32,000. Alternatively, the bears may still form one last HL before BTC breaks above 32,000. I hope you find this post useful, and I would appreciate your likes and support. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard
by TheSignalyst
132
EURUSD A SELL BEFORE THE BUYEURUSD - Direction is still for the Bullish Side. From timeframes Weekly, Daily and 4h. analysis is there are multiple Short Opportunities that had been provided early in this daily session, my hunch is that market is building up liquidity to take later on London or the US Sessions. so in order to take Longs in this key level (1.10450 - 1.09623) the market must first print a 5min break of structure to the upside in order to execute for the trade once confirmed. tight stoploss is needed because of what i said in the previous Idea I published it may go below the key level 1.09623-617 down below and it may happen it the do so. so in order to grab the opportunities for longs 5min break of structure is needed. minimum targets 20-30pips and hold or 10pips BE for shorts as long as we are on this 15min range / 15min pullback heading downside, we must execute all shorts after a 5min break of structure to the downside and once confirmed. sl is tight because market is still bullish in the pullback 15min phase it may continue to go long as it can sustain its 5min breaks. minimum target 20 - 30 pips and 10pips BE current price - 1.09970
Long
by edmorcastones
IOL Chemicals & Pharmaceuticals Ltd IOL Chemicals & Pharmaceuticals Ltd is a leading pharmaceutical (APIs) company and is a significant player in the specialty chemicals space. It serves the domestic and export market. It is the largest player of Ibuprofen (pain killer) globally with a worldwide market share of 35%. Firstly, let's start with the concept of Elliott Wave Theory. This theory is a method of technical analysis that attempts to identify recurring patterns in the stock market, based on the idea that stock prices move in waves. There are five waves in an uptrend and three waves in a downtrend, and these waves are labeled 1, 2, 3, 4, and 5 for an uptrend, and A, B, and C for a downtrend. The wave 2 that is being referred to in this statement is part of a larger uptrend, and typically represents a pullback or correction in the stock price, following an initial upward movement in wave 1. When a stock has completed its retracement of wave 2, it is believed to be ready for a new upward movement in wave 3. Wave 3 is typically the strongest and longest wave in an uptrend, and often sees the largest price gains for investors. It is important to note that while Elliott Wave Theory is a popular tool used by technical analysts, it is not foolproof and cannot predict the future movements of a stock with absolute certainty. It appears that the chemical sector is expected to experience a bullish trend in the near future. This may be due to a variety of factors, such as positive earnings reports from key companies in the sector, or increased demand for chemical products due to economic growth or other industry-specific factors. However, it's important to note that predicting sector performance can be difficult, and investors should always conduct thorough research and analysis before making investment decisions. This seems from the chart that the stock has completed its retracement of wave 2 and will go in wave 3 now...! This chart is dedicated for investor community. It seems now the sector of chemical will be on focus. Additionally, the chart suggests that the chemical sector is expected to perform well in the near future. However, as with all investment decisions, it's important for investors to conduct their own research and analysis before making any decisions. Thank you for following me...!
NSE:IOLCPLong
by imkhushal
1
GBP JPY - Moving on up G'day, Master Key for zones Black = Yearly Red = Three Month Blue = Monthly Purple = weekly Pink = Three, Four Day Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual. Below are some of the take aways from the video. Daily Chart Bonus Four day hour chart Weekly Chart Monthly Chart Let me know your thoughts and analysis. Each opinion is valid where research is conducted. Do you enjoy the setups? Professional analyst with 6+ years experience in the capital markets Focus on technical output not fundamentals Focus on investing for long term positional moves Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXIII
Long
by LupaCapital
Ten Trading Lessons by the Terminator - The Judgment Day is NearNow listen to me very carefully, folks! I’ve got some important intel on our new mission, and it’s in the financial markets. Yeah, you heard me right, we’re diving headfirst into the world of finance. Buckle up, buttercups, because this is gonna be a bumpy ride. Now, there are ten crucial mission parameters to keep in mind when it comes to finance, and I need you all to pay attention. These aren’t your average market moves, so we need to be on high alert. - First off, the markets are turbulent. That means it’s a wild ride, and those textbook curves and lines don’t mean squat here. We’re talking extreme price swings, so buckle up. Forget the boring fictional "ideas" of traders who never actually traded - this is a whole different ballgame. - Secondly, these markets are way riskier than you could ever imagine. You'll be taking on more risk than a cat burglar with a death wish. And don't forget, trouble comes in streaks and turbulence tends to cluster, so be on high alrert and ready for anything. - Timing is everything in these markets, folks. Big gains and losses happen in a flash, so you better be prepared for intense action. - Prices in these markets often leap, not glide. You can forget about predictability, because time is as flexible as a T-1000. It’s impossible to know what you’re in for. I repeat, prices don't just slide around smoothly like a greased-up ice skater. Nope, they often leap around like a kangaroo on crack. That means they're unpredictable and risky as all get out. - Don’t expect your past experience or information from other markets to be of any use here. These markets are like Skynet, they work in all places and ages alike. - Uncertainty is the name of the game in these markets, and bubbles are inevitable. You’ll need to navigate through these bubbles and be ready for anything. - Markets have a personality of their own, troops. They’re not driven solely by real-world events, news, or people. When investors, speculators, industrialists, and bankers come together, a whole new dynamic emerges, and it’s more powerful and different than the sum of its parts. - Don’t be fooled by patterns, they’re like the fool’s gold of financial markets. The power of chance can create spurious patterns and pseudo-cycles that appear predictable and bankable. But don’t be fooled, bubbles and crashes are a part of these markets. - Forecasting prices might be perilous, but you can estimate the odds of future volatility. These markets are turbulent, deceptive, and prone to bubbles and false trends, but evaluating risk or profiting from it is another matter entirely. - And finally, the idea of “value” has limited value in these markets. Value is just a single number that’s a rational, solvable function of information. But given a certain set of information about an asset, it might not be as valuable as you think. Remember, troops, we’re in for a wild ride here. These markets mislead, and there are no familiar sine or cosine waves to rely on. But there’s a system to this madness, so keep your heads up. If the price changes start to cluster or the prices themselves start to rise, they have a slight tendency to keep doing so for a while – and then, without warning, they stop. The future's not set in stone, my friends. There's no fate but what we make for ourselves. So let's navigate through the chaos and come out on top. Alright, that’s all for now. Later, dickwads. And remember, chill out. We’ve got this.
CBOE:VIX
by ReallyMe
XRP - Practical Price Action Example - OKXIDEASDear TradingView community and fellow traders, I am Richard, also known as theSignalyst and here is my third OKX contest submission => OKXIDEAS I find the weekly chart for XRP to be interesting as it appears to be following the basic principles of price action and market structure. 1️⃣ First, let's examine the support and resistance levels. I've added red and blue arrows to the chart to make it easier to highlight the swings I considered while drawing these zones. When drawing support and resistance levels, I look for at least three rejections (swing lows or highs), and as you can see, all of the support and resistance zones connect to three major swings. 2️⃣ Second, let's delve deeper into the market structure. Previously, XRP was bearish, making lower lows and lower highs while trading inside the bearish red channel. However, after finding support around 0.3, the bears began to show weakness as they failed to create new lower lows, and instead became stuck in a range. For the bulls to take over, we need a weekly candle close above 0.6. This would break XRP above the resistance in green and the gray range in which it has been trading for almost a year. Meanwhile, we will be trading the range from a short-term perspective. This means that when XRP approaches the lower bound around 0.3, we will be looking for short-term buy setups, targeting the 0.5-0.6 resistance zone. 📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques. All Strategies Are Good; If Managed Properly! ~Richard Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
by TheSignalyst
58
1.1056 Weekly Level Says " Not Today " 🔊 EURUSDLondon Session -- London Volume pushed us hard back up to the Highs. Sellers caught as the Tide went out. New York Session -- "Wait for me I want buys too" London Close -- " Let's Buy I dont want to Miss out" The "Breakout" was corrected shortly after as Buyers TP and Shorts Say " wait before we breakout we must come back down to earth" . If we go up we are going to next weekly level at 1.145 If we go down this will be a triple top on the Daily Timeframe as this daily cnadle comes to a close and leaves a wick rejection failing to close above yesterdays close as Shorts begin to get crowded as we prepare for a 1.095 retest once again. GDP will give us insight on where traders are setting up their positions to hold through Firdya's CPI data. Price is fooling around at the Highs of Structure. Shaking both sides.
Short
by ShrewdCatfx
USDCAD - K.I.S.S. 😁Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I find USDCAD chart interesting as it has been following the basic laws of market structure. 📚 So let's keep it simple => K.I.S.S. Keep it simple, samurai ;) 📈 First the bulls took over by breaking above the previous major high in gray, and USDCAD started to make higher highs and higher lows. 📉 Then the bears took over by breaking below the last major low, followed by lower lows and lower highs. 📈 Last week, the bulls took over again and USDCAD has been bullish ever since. 📉 Now for the bears to take over, we need a break below the last current major low highlighted in gray. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4
GBP/USD INTRADAY LONG3 Main AIO corresponding to valid order blocks 1- Supply that formed before big push to the downside creating a Choch on 1h TF, although maing swing low was not broken. bullish bias for higher timeframes 2- Principal Area of interest with order placed with appropriate risk management, has it the last demand formed before new high is formed on the 1h in confluence with demand sitting at 0.705 fib level of the structural move. In confluence with the POC of volume profile correspondent to the beggining until start of today london session. 3- Demand just below sitting on 0.786 fib level of structural move where if price reaches the area I will look for LTF confirmations to place order There is a significant increase in the volume traded per session as the week develops. last major volume, made price range after creating a new high. Although the build up in volume is aided of price oscillating to the upside. I take that as volume that intends to break structure meaning creating a new swing high. For the reasons above i am bullish for today.
Long
by vsliziario