HINDCOPPER LongNSE:HINDCOPPER1! looking strong at this point with the formation of Cup Handle pattern with justified volume support.
Obviously the SL point is too much but for that I would say this is the price level we can expect in down market.
Disclaimer: This is the idea I am sharing for knowledge purpose for me and others and not for recommendation purpose.
Mediumterm
CADCHF - Keep It Simple🍰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 From a long-term perspective , CADCHF has been overall bearish, trading within the falling channel in red.
📈 From a medium-term perspective, CADCHF is in a correction phase trading within the rising wedge pattern in blue.
🏹 The highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red and blue trendlines.
📚 As per my trading style:
As #CADCHF is around the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
PARAG MILK FOODS - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
ON - RisingTrend Channel [MID TERM]- ON is in a rising trend channel in the medium long term.
- ON has broken a resistance level and given a positive signal for the long-term trading range.
- In case of a negative reaction, the stock has support at approximately 76.00 .
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
PLTR - Horizontal Trend Channel- PLTR is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction.
- A decisive break of the resistance at 11.19, ideally with an increase in volume, signals a further rise.
- PLTR is between support at 8.80 and resistance at 10.30.
- The volume balance is positive and strengthens the stock in the short term.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
EBAY - Falling Trend Channel [MID TERM]- EBAY is in a falling trend channel in the medium long term.
- EBAY has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 45.27.
- Further rise to 61.20 or more is signaled.
- EBAY is testing resistance at 47.00.
- Overall assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
ABNB - Falling Trend Channel [MID TERM]- ABNB is in a falling trend channel in the medium long term.
- An inverse head and shoulders formation is under development.
- A decisive break of the resistance at 145, ideally with an increase in volume, signals a further rise.
- The stock is between support at 110 and resistance at 126.
- The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well.
- Overall assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
XLP - Horizontal Trend Channel- XLP is within an approximate horizontal trend channel in the medium long term.
- A break upwards will be a positive signal, while a break downwards will be a negative signal.
- The price has broken the resistance at 77.23 of an an inverse head and shoulders formation.
- Decisive breaks of such formations are considered strong signals of further rise.
- The stock has marginally broken up through resistance at 77.30.
- Volume tops and volume bottoms correspond badly with tops and bottoms in the price.
- RSI above 70 shows that the stock has strong positive momentum in the short term.
- The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
In Short Term BTC is BullishIn our daily chart, you can see in the orange circle wave 4 in blue and wave 2 in black which are edging buy area. The green Fibonacci Retracement 38.2% area shows the end of wave 4 which is a buy area once BTC(Bitcoin) is bullish in short term. Wave 2 is an edging buy area and we need to wait for some weeks to happen. Don't sell BTC(Bitcoin) in all time frames now . Next week, we'll update this chart again.
Don't Buy CL in Short Term - Right Side is DownAs you see in the chart, we expect more downsize in Crud Oil(CL) and we like to buy medium term wave II in red to around $50 where we expect that the smart buyers will arrive. Please be patient for more some days in order to do a good long term buy. Next week we'll update this forecast.
Hood Buyout Incoming?Sam is gone, forced liquidated and hood made the right shoulder?
Don't think this stock is going to survive on its own, nor if their is going to be a buyout that is going to be higher than $20
Not investment advice, do your own due research.
Look First / Then Leap
Just speculating...
GENNEXE LAB - WEEKLY CHARTIts looking bullish, waiting for the this to correct and then give us long opportunities.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only. we don't focus on the short term move, we look for only for Bullish or bearish impulsive moves on the setups after a good price action is formed. we never get into corrections. it will test our patience and also it will be waiting period.
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
EMAMI REALTY - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
BTC RWI StrategyWhen things get confusing I like to pull out the Random Walk Index strategy.
It measures logarithmic returns but in a different way: it runs a randomness test on a period of prices. There is a red line, the downtrend strength indicator, and the green line, the uptrend strength indicator. When either trend crosses above 1.0, the probability that the trend is random approaches zero. Think of flipping a coin and landing on heads 7 times, it could be truly random but the probability continues lower as you continuously land on heads. When the trend is said to be "not random", the market tends to be unreasonably extended, which seemingly almost all of the time causes a technical reversal. Think about how trading is hard: it's hard *because* the price is usually random. When the price is not random, a spring-like reaction happens, like starting a fire. The reaction happens until the it runs out of energy to sustain itself. Then, it goes below 1.0, which aligns, at least in this chart, with a low-risk market entry. I should mention however, even though it measures a good entry, it does not always give a clear exit signal above the 1.0 mark. Some short-term peaks give readings below 1.0 which can be confusing. Therefore, you should define how much risk you're willing to take once you've got profit. Don't risk what you cannot lose.
In this chart:
signal = 7 week RWI. The randomness probability of the last 7 weeks, aka semi-quarterly (add on a few days for noise). This is the basis of the trade idea timeframe.
white line = 130W avg. It's a historical resistance after a selloff of this magnitude. Expect volatility here.
blue line 200W avg. We usually bounce off this line to meet the 130W. Expect resistance there.
yellow circles = means the trend is now random and has bounced from the 200W avg to above the 130W avg.
Parameters:
Wait until the uptrend line passes through the 0.8 to 1.0 range to enter the trade. If this happens and the price stays above 18500, all is well, otherwise, expect a sideways trend or possibly gloom and doom! On a 50 day basis, this seems like a good idea, but other unknown timeframes may dominate the market currently. For example, perhaps there's a 12 year trend looming that's about to dominate the price and all market averages plunge downward? Spooooky. Don't risk what you cannot lose.
Reasoning:
The crowd is fundamentally bearish, and embarrassingly so. Pivoting bullish makes sense logically. We've seen the largest rally since March in global markets. But this has been a point of breakdowns for the past ~10 months and the market is hesitant. There has been several large breakdowns and the crowd assumption is that there will be another breakdown right around now. However, the crowd was unable to predict these first big breakdowns which tells me they are probably wrong this time as well about a subsequent breakdown. Being a contrarian, I think we will see higher highs locally, possibly the 35k area, but wanting more confirmation is reasonable. We could dip a bit to the 20k area before making "the move". But take my ideas with a grain of salt: I am hedged against myself. Assume we could make another wave down or a sideways wave. Don't risk what you cannot lose.
What do you think? Crazy person is at it again? BTC will go sideways even more? More dumping? Please voice your opinion (I value all opinion, thank you) below and thanks for taking a look!
Investopedia link for RWI:
www.investopedia.com
Good luck and don't forget to hedge your bets!
EUR vs. YEN - Projection In The Next 2 Months - 4 August 2022PEPPERSTONE:EURJPY is in interesting positing. It is good moment for medium term accumulation. Yen in medium term will decrease. My expectations are for range and a choopy market in next 3 weeks and strong price will be formed once break the downside trendline.
- By Elliot Waves the price forming A-B-C correction
- In the end of C-5 corrective wave and hitting 50%
- Strong price action will be formed after breakout
If you have any questions related to this trading idea I will be happy to provide you with answers.
TOTAL CRYPTO MARKET CAP - MEDIUM TERM - 28 JULY 2022CRYPTOCAP:TOTAL in August will enter in strong accumulation phase. Some traders and analyst looking for lower lows over 600-650B total market cap. If this scenario happens BTC will be over 13"000, ETH over $600, but strong price action in this moment is really naive to be ignored. Many institutions are out, many whales are still under the water - some dive even deeper.
In crypto you definitely need a strong conviction and medium term vision. You can check my Related Medium term ideas about ETHBTC and #Bitcoin
If you have any questions related to this trading idea I will be happy to provide you with answers.
Euro vs. Aussie - Medium Term Trading Idea - 22 July 2022FX:EURAUD dropped over 2000 pips in Q1. Q2 was really interesting accumulation period, still in corrective waves. After 700 pips strong drop in July it is good time to position for the next 2 months till end of September
What is the supported thesis technically for the expected scenario on EURAUD?
- Big capitulation is already done and 700 pips sharp move
- Accumulation and still in A-B-C corrective wave
- Strong support @ 1.4570
If you have any questions related to this trading idea I will be happy to provide you with answers. FX:EURAUD
Cardano - Short Medium Term Trading Idea - 21 April 2022KRAKEN:ADAUSD ranging in 6% channel in past 10 days, but we have a capitulation and now forming good price indication for a strong uptrend. In next 2-3 days probably will continue the range in levels below $1.00 per ADA.
What is the supported thesis technically for the expected scenario on Cardano:
- price finishing harmonic 5-th impulse wave model with extended 5-th wave
- many good news coming soon some mention in tweet
- The MACD indicator is at the low and probably will perform well in the next couple of days
- good price action and engulfing and potential for forming head&shoulders on 4H time frame
- we can expect at least a 15% uptrend to the first resistance zone in the 1.10 area per ADA
If you have any questions related to this trading idea I will be happy to provide you with answers.