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Momentumstrategy

All moves to the upside are --> Relief Rallies? 🤨Market sentiment people, that's what we are trading at this point. 0:0 Monthly timeframe 2:05 weekly timeframe 3:30 Daily timeframe 5:50 4hr timeframe 9:11 1hr timeframe 11:40 recap of recent trade Combining technicals and fundamentals. Technicals clued us in the last few days of July. Fundamentals confirmed out thoughts on Aug 10th. The market is trending to the downside. Do you think we have more to give? Probabilities are there but you can be right and still lose. Waiting on confirmation after a retracement to 1.09 weekly level would be most ideal but we might just drop without a retest. I think it's possible that we can probe further into the daily support zone at 1.0853 Critical thinking and rational has helped me be on the right side since late July. Check the publishing linked below from July 31st.
Short
by ShrewdCatfx
2
Looking 2 weeks out / EurusdThe Weekly candle last friday closed below 1.1024. After today July 31st, we can also observe the monthly candle just closed below 1.1024. The monthly candle left a very large top wick but ultimately closed below 1.1024. 1.1024 is our May Monthly resistance zone as well as our weekly resistance zone. The market has now confirmed a fakeout on the Daily timefrmae and has created a resistance with the most recent Daily bearish candle. The Bearish candle retested and rejected the top of the range being 1.1024. I'm anticpating that Eurusd will now head towards the bottom of the range around 1.09 weekly support level and 1.085 daily support level.
Short
by ShrewdCatfx
5
NIFTY INTRADAY LEVELS FOR 10/08/2023BUY ABOVE - 19620 SL - 19580 TARGETS - 19680,19730,19765 SELL BELOW - 19580 SL - 19620 TARGETS - 19530,19470,19430 MAJOR TREND LINE BREAKOUT Completed.... personally I'm Expecting nifty gives a big up move Previous Day High - 19620 Previous Day Low - 195470 Watch that major trend line... after breakout that trend line only we can expect buying chance in the market I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both. In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures. Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully. Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
14
BANK NIFTY ANALYSIS FOR 10/08/2023BUY ABOVE - 45100 SL - 44930 TARGETS - 45270,45470,45630 SELL BELOW - 44770 SL - 44900 TARGETS - 44550,44280,44070 I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both. In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures. Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully. Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
Fortinet FTNT Overreaction - What now?Slightly after earnings Fortinet Gapped down. Which are my favorite kind of stocks to trade because 9 times out of 10 Gaps close. Fortinet had many analyst reiterate Bullish price targets some up to $70. I'm looking for a retest at $60. Forecasting out to nov 2nd. The next earnings should be interesting. Williams, MACD, & RSI are all showing Oversold in this situation. This could be a solid entry for someone to start a small position. This is not financial advice. Trade Responsible, #TradeTheWave 🏄🏽‍♂️🌊
NASDAQ:FTNTLong
by FinesseTheWave
VALE a junior miner can rise on the Gold bullrunNYSE:VALE as a junior miner could be reaosnably expected to follow spot gold. The bottom line is quite simple. With fixed costs to mine gold, VALE can easily expect to increase its margins when stop gold rises will above the breakeven on a spreadsheet. The 2H chart shows price has descended into the support of the long term anchored mean anchored VWAP line after a VWAP breakdown. The PMO and ZL MACD are confirmatory for a consolidation sitting on dynamic support. Overall, the analysis is that of VALE setup to make a reversal for a bullish move reflecting the gold run at large. I will take this trade long now.
NYSE:VALELong
by AwesomeAvani
2
CMCL a junior GOLD miner moves on spot gold uptrendOn a 15 miunte chart. CMCL is seen trending down and then reversing while traders seek to sync it to the price action of spot gold. The chart demonstrates price reversing on May 2nd out of an anchored VWAP breakdown into a rubber band reversal into a cross of the mean aVWAP. The movement of the PMO ( Price Movement Oscillator) confirms the reversal into a trend up. The ZL MACD shows a histogram flipping negative to positive with the signal moving over the mean MACD. The last of the trading week shows a big engulfing candle with a volume spike for me that spells momentum straight out and simple All in the all, I see price moving to a target of 12 over a period of a few days based on the angle/slope of the trendline. In the context of the gold bullrun and the concept of a rising tide being capable of lifting all ships, I see this as a very safe trade yielding potentially 4% over a few days. This is more than acceptable given the chaos and whipsaw action of the general market. If you find this idea helpful. please like and follow and perhaps message me for a referred link to TV pro. Trade well after DYODD !
AMEX:CMCLLong
by AwesomeAvani
1
Momentum is Heavy here 👹, But.. We are dropping ! Buy the USD, Buy the USD before there is no more! Buy expensive and chase the market. Hold up! Often times the market will punish those market participants that chase rather than being disciplined like a hunting lion. It stalks and plans and thereby decreases it's risk of not eating. I've learned that trading is more about psychology than anything else. Observing price action can clue you on the next move if you ask why would I buy here? Why would I sell here? who's selling here? Unemployment claims data and Manufacturing data tomrrow will only act as either a catalyst to continue dropping towards 1.09 or pullback towards 1.099 4hr resistance zone. Either way I'm going to be adaptable as a scalper. This is one thing of my strengths.. flexibility . I've anticpating a drop into 1.09 weekly support level since the beginning of the week. I'm publishing a long analysis here because we are currently about 20 Pips from where I'm anticpating a short term turning point in the market. market participants are buying the rumor with ADP which is estimated data. I'm anticpating that with NFP market particpants with Sell the news and thus the USD thereby pushing Eurusd up in favor of the Eur. 1.09 may orchestrate that turning point for us. If we happen to completely ignore 1.09 level, then we are headed to 4hr support 1.088.
Long
by ShrewdCatfx
4
Momentum may carry 🎒us back to 1.0948Welcome back to another Eurusd Analysis! 0:0 Monthly timeframe 1:00 Weekly timeframe 4:32 4hr timeframe 5:47 1hr timeframe 7:15 Bias to begin the week We have two Bearish weekly candle's back to back as we failed in a great fashion to continue our bullish ascent. The weekly candle last week closed below 1.1024 which was our weekly support level. It is now characterized a as a weekly resistance and may facilatate a selloff back to 1.0975 Daily support which we created on friday and eventually 1.0948 1hr support zone. 1.0948 would also be a weekly wick fill with bearish momentum carried over from the previous week. Please leave feedback if you enjoyed. Have a great trading week.
Short
by ShrewdCatfx
Leftover Momentum to end the Week? 😶‍🌫️// EurusdCurrent Price 1.097 0:0 Monthly timeframe 1:36 Weekly timeframe 3:51 Daily timeframe 5:10 Bias for friday 6:14 4hr timeframe 10:15 1hr timeframe Hello Everyone welcome back to another analysis. Eurusd increased 30 pips against us before dropping 130 Pips in our favor today after we called out a short analysis prior to the last london session 24 hours ago. Quite the engulfing candle created today with expected and priced in EUR interest rates and 2 better than expected USD data points, GDP and Unemployment putting the nail in the coffin so to speak for USD bulls. Alot of momentum today and I'm antincipating some to be left over and continue on to friday. I'm thinking we can get a touch into the 1.09462 4hr support zone but unsure what'll occur after that. Inflation data may act as a catalsyt to keep dropping in favor of USD or we will see the Weekly candle pullback up and create a bottom wick as we close out the week. The latter implies a bullish NY session tomorrow to end the week.
Short
by ShrewdCatfx
Short on Matic; long on SolanaIntroduction I am biased short for the Ethereum ecosystem as a whole due to all the efforts made to have the system run more efficiently and at a lower cost. Price action will work its way down initially and severely before eth benefits again from the "adoption" trade. A similar concept is water purification. Imagine water is very expensive to obtain and make potable. Efforts are made to get potable water cheaper and a new system is created that produces drinkable water at 1/10th of the price. The old systems that were in place before the development are going to crash in value as people move to the new system. The price of water is cheap and more people use it than ever before. Matic is one of the old systems through no fault of its own or its developers. The price of Matic is due for quite a drop and the new Ethereum systems are poised to benefit if they can survive. And then there is the alternative to drinking water. I guess for this example we are talking about having a nice Mexican beer (a very overused pun for SOL). Hell, Cinco De Mayo is around the corner as well Main Chart This is technically a very simple play. Which is why I hope it is so powerful. We have a simple chart formation, a rising wedge creating a bull trap. That bull trap is a macro lower high from the all time high. We have a EMA ribbon that was support, and now it is poised to act as resistance. The targeting is likewise very simple. We can set a roughly equal W bottom which would be over a 60% loss from current levels. Other Charts I have cobbled together a set of indicators to develop a system to benefit from impulse as much as possible. It is decent on multiple time frames but I an trying to make less trades but bigger moves and tighter stops. This set up is about 85% complete for a entry. It is a Heiken Ashi momentum strategy that looks to go short when indicators have a "bearish stack" and long when they have a "bullish stack. Ideally I would have waited until the SMAs were bearishly stacked and shorted rallys but shorting a break of the wedge is good enough. Maticbtc versus LunaBTC To be blunt, the MATICBTC chart looks like hell. There is a macro double top in blue and a nested double top making up the right top. These two formations cascade to a full target of Matic loosing 80% of its value against bitcoin from here. Absolutely devastating. One thing scratching in the back of my head is how LunaBTC had a chart that predicted a simuar drawdown but the whole project got obliterated. One target for a rising wedge is the bottom of the wedge. So LunaBTC should have "only" dropped some 80% as well. I am wondering if some similar catastrophe could bit Matic. If not, and it merely loses 80% in a orderly fashion then I will be around to long the W pattern if it is confirmed. My Trade I have a pretty good entry. I was very tempted to take an entry in at a break of the purple trendline but the chance that price could have recovered at the wedge for another pump was too high and not enough of my conditions to go short were met. I am closing my trade at the first target and waiting to see if a continuation or reversal pattern develop. It could be a multi-month process. I have a chart I use for reversals that uses daily and weekly SAR as well as the ADX, volume and stochastics. Taking profit around the monthly SAR usually a good idea and taking profits never made a man poor. This strategy, but in reverse Solana has taken on a fully bullish stack to its daily SMAs and is above both clouds. Both clouds have twisted bullish. The MACD is positive and looking to cross bullishly over the signal line. the 9SR is bullish on most time frames. This set up is appropriate as Solana has positions itself as a "Ethereum killer." Here is ETH from 2019. I expect it SOL to have a similar rally because it is in a similar situation with regards to previous losses and current strength. As such, I will be looking to take profit on a Solana trade as shown. Same strategy in reverse. It works long and short if you are patient enough. MATICSOL Here is an ABC correction draw on MATICSOL (actually maticbtc/solbtc) with EMAs on the weekly And here is the draw on the daily set up for momentum. This chart is 100% fully bearish based on the system.
M
by This_Guhy
10
Marathon Digital Symmetrical Breakout?Mara reached a new high and fell as expected. It started trading into a wide falling wedge out of a bullish uptrend. I would think other than Bullish if it was knifing down. Found consolidation level at 17-17.60 area after double bottom bounce at 16.50ish and looking for a possible break to the upside out of a bullish symmetrical triangle. With bit coin holding 30,000 level. We could see it retest and/or reclaim $20 soon. Trade Responsible, #TradeTheWave 🏄🏽‍♂️🌊
NASDAQ:MARALong
by FinesseTheWave
PANW Cyber SectorPalo Alto Networks is a cybersecurity company that provides advanced security solutions to organizations worldwide. I don't think they're going anywhere for a while and are very established already with multiple deals and have been on point with their financials and earnings. We're looking for a break out of the consolidating 238-240 range which already happened as im typing this. huge gap down on july 12th looking for a retest to 253. If it falls below 238 it needs to hold 236 level or will retest 232.
NASDAQ:PANW
by FinesseTheWave
Lockheed Martin Closing Gap?Lockheed martin earnings play. This stock has my interest with multiple contracts with the government and missing 1 of the last 5 earnings. Lockheed is no stranger to getting multiple contracts. A lot of constant contracts coming in with government agencies and commercial airlines. For a month it has been consolidating jun-jul and recently broke out of consolidation. coming up on earnings July 18th with price targets ranging from 498 to 579 and a strong out look from 1- 5 out of 5 its sitting at a 5 for earnings beat from Earnings whispers. Im Bullish looking for at least a gap fill at $475 Trade responsible, #TradeTheWave
NYSE:LMTLong
by FinesseTheWave
2
ENVX - Army Swiss Knife X FactorA Couple things to note is Enovix has been on a steady rise and has had bullish catalyst released. It's on the hook to hit the next leg. Lame pun for the Hook showing on the chart pattern "The advanced silicon battery company said the deal is for it to produce commercial cells for use within U.S. Army soldier's central power source, called the Conformal Wearable Battery. Enovix said the agreement moves the program toward full volume production. The cells will be used to build pre-production CWB packs." - MarketBeat This launched the stock price to $19 ON JULY 6TH. It helps that spy has been pumping making new highs. I feel it will rise in the next few weeks with spy being on an extreme bull run and ENVX following a similar pattern. ENVX, RSI on close to oversold, Williams showing the stock is curling. ENVX is currently aligned with SPY and have the same exact pattern It may run up with SPY so long as it remains bullish. Expect it to touch at least $25 but theres a lot of turbulance up there as thats where it's been consolidating in the past. General consensus PT is $38. Others have placed as high as $100. has an average rating of buy and price targets ranging from $15 to $100, according to analysts polled by Capital IQ. Trade Responsible, #TradeTheWave
AMEX:SPYLong
by FinesseTheWave
Datadog DDOGHi Folks, DDOG start to draw an orderly consolidation. the consolidation is not yet mature, but worth to keep under surveillance. • A big move in the past 1-3 months anywhere from 30%-100% the rally last for a few days to weeks. • Orderly consolidation with higher lows & tightening range • RDM, VCP • Stocks surfs the rising EMA 10 or the EMA 20 • Volumes are significative compared to previous phase - NO • Volumes dry up at the end of the consolidation • Volumes are strong during the breakout - NO • ADR is high, 3.8 - OK • Revenues are really strong, but earnings needs to improve. Go DDOG Wouf Wouf !!!
NASDAQ:DDOGLong
by NicolasPT1