Monthlychart
speculative fib channel suggests we could reach top by Octoberjust playing around with the fib channel here on the log chart until i found some consistency...i noticed that the blue .786 fib was the top of the 2013 false top and the 2017 true top. I also noticed that in 2013 after the false top it took 7 more monthly candles to reach the true top and wen it did it rose up 2 extra fib levels/colors before it hit that top in 2014. If we hypothetically are playing out a fractal of that 2013-2014 bull market, and we assume we will get 7 more monthly candles following our current false top until the real top...that would take us to october of this year....now, if we also did the same thing and pumped priceaction 2 extra fib levels that would have us hitting the teal .618 fib level and if we were to come anywhere close to that in the month of october then suddenly 280-300k (as shown here by the red bullseye) is a real possibility...this price range would fit perfectly with plan B's stock to flow model which has a price projection around 288k. I am by no means saying this is how things will unfold. I have not really used the fib channel tool very much so it may very well be that there is a much more accurate angle to this fib channel than the one I've come up with...but its fun to speculate sometimes and when it lined up at this angle I saw quite a bit of bullish confluence so I thought it would be fun to share so later I can hit play on this chart and see if it comes anywhere close to this. As always, none of this is financial advice. Thanks for reading.
ETH/USD multi time frame analysis, WILL BE UPDATED STAY TUNED !Will be Updated During the next days for possible trade opportunity Stay Tuned (BE SURE THAT FOLLOW ME TO GET NOTIFICATION)
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Wish you succesfull and consistent trading with profits!
This is not an investment advice.
"CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money."
USD/JPY multi time frame analysis, WILL BE UPDATED STAY TUNED !Will be Updated During the next days for possible trade opportunity Stay Tuned (BE SURE THAT FOLLOW ME TO GET NOTIFICATION)
If like this and if help you with your trading Please Like, Share, Follow and comment that give me motivation to make another Market analysis and trading ideas
If you have some suggestion, comment or other opinion feel free to write it in comment
Wish you succesfull and consistent trading with profits!
This is not an investment advice.
"CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money."
Monthly Banging Against Resistance With Lots of DivergenceThe weekly move down we got before will be nothing compared to what we get here.
Last time we got a decent move down off a daily Dark Cloud Cover but this time all focus is on the Monthly Divergence and the Monthly Bearish Engulfing This will come down with all the major indexes.
AuropharmaThis stock break 1Month TF pattern and now its forming a channel. This stock is good for Positional Trade Upto 1/2years.I will enter in this stock after taking support from trendline.
Note:-This is only for educational purpose. Make sure that Do your own analysis on this stock,consult to your financial advisor before taking entry
EURUSD 1.21209 + 0.11% MONTHLY OVERVIEW * PRICE ACTIONHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE EURO / U.S DOLLAR FROM THE MONTHLY CHART.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRADE
NI225 29161.58 + 0.74 % LONG IDEA * PRICE ACTION OVERVIEWHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT NIKKEI 225 FROM THE MONTHLY CHART.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRAD
Cardano dominance it's bullish for this key altseason!!!Ok guys, I jus want to share you this short analysis for you. I see the Cardano Dominance that it's extremely bullish by long term. If you want to accumulate Cardano, the time it's now to continue accumulating Cardano in the best price. For that, this it's an opporutnity for us. Why I explain that? Becuase or the fundamental keys that it's envolving in this cryptocurrency. Remember, if you don't know Cardano, you can to get it to link to related idea to read about Cardano, many cryptocurrencies and others special analysis.
*** In this point, it's very important, I'm extremely bullish more in Cardano than others crytpocurrency, for that, Cardano have all fundamentalks to be distinguided in this bull rally & altseason on 2021. For that, this it's my cryptocurrency that I'd reccomend a lot to invest, and remember, I'm deciding to sell all my cryptocurrency for Cardano. Cardano it's my best cryptocurrecy that I like it. Once of my goal it's to reach the 20,000 Cardano coins as I have in hold 11,234 Cardano. Just selling Ethereum, XRP, Chainlink, Litecoin, Bitcoin, EOS and Tezos for Cardano. And then, make trading to earn profit and use it to invest in Cardano little to little until reach my 30,000 Cardano coins. And one of the stragety that I use as I sell part of my Etheruem to buy 10,000 Dogecoins coins, becuase in Simple FX broker, they offer to deposit Dogecoin to accumulate in this cryptocurrency making trading. And then, I know that Dogecoin it's growing up fast than others cryptocurrency, so accumulating DOGE at least like 40,000 Dogecoin and depending the convertion between Cardano & Dogecoin ratio, I can to sell my Dogecoin for Cardano to get more Cardano. But if you want, we can to talk about this strategy to accumulate Cardano making trading in Simple FX with Dogecoin or any crypto.
But guys, that it's all, just I want to share you my perspective how I see the Cardano dominance in the future. And I believe that Cardano it's going to growing up throughout of the time until take a good percentage in the altcoins dominance concentrated by Cardano. For that, investing in Cardano. this cryptoucrrency could to change the world and I interesting to work with Cardano team to develop more research in Cardano and discover this cryptocurrency deeply and the team as my experience. I believe that If I d, I can to becoming part of Cardano team to develop more technology and support Cardano for the future.
CHFJPY Higher Lows On The Weekly Chart | Watch Level 118.180Watch for a breakout at 118.180. Look for buying opportunities above 118.180. You will see higher lows pushing into horizontal resistance line. The Exponential Moving Averages are pointing up on the Monthly Chart, Weekly Chart, Daily Chart, and 4H Chart.
HINDCOPPER - Breakout & Re-test structure - Monthly chartThe above analysis is done purely based on price action and chart patterns.
The analysis is done on monthly charts, hence it may take the price few weeks to few months to reach the target.
Logic as well as the trade setup is shown in image itself. The level which was earlier acting as major resistance, may act as major support for price to move up.
Entry can be done at CMP to any pull back. SL can be around 100. Targets are shown in image as well.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
To understand the re-test structure more clearly, check out the ideas linked here - APOLLOTYRE , SCI , SBICARD
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Steel long-term fate1 candle = 1 month. Which shows us a 10 year down-trend which is about to be tested.
If we break R1, R2 is the next potential move. Since early november we haven't broken the 10sma, which can be used to exit half your position.
Fundamentally speaking, it appears the market is expecting the stimulus bill which might come in the next months, and will most likely help the Infrastructure play.
RSI is 62 on a monthly basis, on a daily basis it is 80.
I would keep it on a watchlist until we break this downtrend, if you haven't been able to participate so far.
Check out my last analysis on Steel since late october down below.
EURUSD MONTHLY!!!Monthly charts are more reliable.
It seems that the top line of the descending channel, which started to form in April 2008, Is broken
What is the next move?
Due to the daily chart and volume reduction, it seems that marketers do not intend to increase the price sharply!
I think route two is more reasonable for the market to continue.
Let me know your great ideas on the EURUSD monthly chart!
SPX's RSI since 1877. Sell everything, become homeless ;-) Joke!- Way before SPX's inception day of "1957" and back to 1877 RSI Monthly is your best ever ever ever ever friend.
- We are getting close to the 1970s year by year, but long way to go up.
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Percentage gain after crossing below 30
reading line on monthly candles.
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October, 2008 = 500 % so far
September, 2002 = 94 %
July , 1974 = 1800 %
Jun, 1970 = 69 %
April,1941 = 138 %
Oct, 1931 = 75 %
December, 1914 = 39 %
November, 1907 = 65%
August, 1893 = 18%
December, 1890 = 22 %
May, 1877 = 100%
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Draw back:
Max of 6 months to bounce back
Min of 1 Month to bounce back
Overview Market Analysis: Great Britain Pound still bullish!!!In this macroanalysis, we see that Pound still bullish against the U.S. Dollar and then, the inflation of the U.S. Dollar it's another siganl that FED ccontinue unstable the U.S. policy market. That it's a big warning to invest in United States, as the correlation on Bitcoin it's the same of Great Britain Pound that continue bullish. So, we are in the bearish cycle for the U.S Dollar and bullish cycle for the Great Britain Pound.
Now, looking in weekly update, I put a new important key trend line support that Pound still bullish. My next target will be the $1.43 USD. That it's so amazing to know it and put a long position in GBP/USD with good lots to make near of 800 pips.
But,if you're looking in monthly chart, the trend on Pound it's so bullish and I have a forecast that Pound could reach up toward the $1.62 USD.
What do you think about this overview? Could Pound continue agains the rival U.S. Dollar, and America could to have an issue to collapse the economy based in the more inflation?
Next Target for LTCUSD is 182.00LTCUSD broke blue trend line. LTCUSD immediately retested trendline on next candle. LTCUSD broken horizontal line at price level 95.00. LTCUSD retested horizontal line with a rounded retest. LTCUSD hit target at 138.37. (Kraken Price Chart)
Note: Zoom out to view entire trend line.
Note: 95.00 Price Level is from Monthly and Weekly Chart.