Gold(XAU/USD) Potential Buy setupBased on the structure we see price respecting the monthly and weekly support level with break of structure to upside in lower timeframe like H4 and H1, we see a clear nice momentum to upside and nice volume in new york session, so we expect price to continue up.
To get a clear entry try to look bullish variation candlestick in lower timeframe before placing an try with nice volume.
Follow me for more update and comment below your idea
Moving_average
MSFT - Potentially bullish on monthly chartAlthough MSFT is still trading below it's 200 day MA, the bullish candle that is forming on it's monthly chart is now screaming "buy".
To keep risk manageable, long with an initial stop loss slightly below 234 (confluence of it's 20day moving average and also the 38.2% fib retracement level of its' recent AB upswing).
If and when the trade goes out way, trail stops upwards.
There are several ways to place our stops depending one's risk tolerance:
1. place a stop loss just slightly below the 20day moving average (smaller losses but also smaller profits as trade could get whip sawed out prematurely)
2. place a stop loss slightly below it's 50 day moving average (to catch a larger move but potentially giving back more profits at the end)
3. wait for a pivot (higher low) to form on the daily chart and place the stop loss just below this new pivot
Trading is not just about entry but also about risk management. Multiple smaller losses but several large profits is enough for one to be a (potentially very) profitable trader.
p/s if stopped out, look for entry again only when MSFT is at least trading above both it's 20day and 50 day MA. Plus some other compelling signals that might be present.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
GGRC11 Possible downtrend start
Price is below the 20 period moving average and is now testing a support line(light blue 116.68) which is a key support due to the fact that it acted already as support and resistance in the past for a few times.
This area is also a convergence point between the support line(116.68) and the 56 period moving average(dark blue) and downtrend line(light purple).
If price respect the downtrend line and goes bellow the 56 moving average and reject the support line(116.68) it is possible downtrend start.
Strategic I will wait to see if a downtrend start or if the price will revert and continue the big uptrend.
If the uptrend is confirm by respecting the moving average, the support line and pass over the downtrend line and forming a higher highs after, I will by in the confirmation to increase my position.
If the downtrend is confirmed then I will wait more until I saw another sign to increase my position with a lower price.
HD - could it break up soon?HD had been building a base for the past 9 months, forming a double bottom. It began to break above the 200 days moving average on 10th November and had sustain above this MA since.
Currently it looks close to attempting a break above a neckline @ 327. However with still much uncertainty and volatility in the market, it is safer to long the breakup with a test-sized position. Any pullback to retest the neckline could be a safer place to increase position size if the neckline proves to be a new support and trailing stops should be in place.
There is a chance the market could continue to whipsaw sideways for a while more until more economic data comes in.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Equitas need to close above 110Once this script gets a definitive closing above 110, supported with volume, i presume this will head for 145+ levels. Now trading above 200 day moving average. That too with volume. The weekly chart is also very clean suggesting great upmove.
Gold Looks Bullish :)Hello friends.
today i'd like to analyze gold in daily and 4H charts.
lets take a look
in daily timeframe we saw a breakout from an old decending channel.
this is the first positive point for bull run according to TA.
The price record 3 BGD candles in recent week and this is the second + point.
now price reach a resistance level in 1770 and 38.2% fibonacci level.
but lets take a look at 4H timeframe for more details:
we see a strong support level that show Buyers are Stronger than Sellers.
and in 1770 level we see some strong candle patterns such as Bullish engulf and Hammer.
so i think the price can reach 200MA and 1800 resistance level easily like the green path i darw.
and after that we will check condition and analyze the next run.
thank you for your attention,please share me your opinion in cooments
do you think so???
RETA - breaking upAfter a huge plunge in Dec 2021, RETA had been consolidating in a wide range for the past 11 months. It's 200 day moving average has begun to flatten out since 27 September and the stock has also started to trade above this moving average since 14 Oct. The 200 day moving average have been tested a couple of times since and has proven to be the support so far (@ 29).
Last Friday RETA finally had a close above the long term consolidation neckline @40.65, on good volume, with Golden Cross about to materialise soon.
The stock is a long with initial stop loss just under it's 200 day Moving Average and recent pivot low (currently @ 29).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Bitcoin's Significant Upward Resistance Suggests Drop Is NearBitcoin is facing significant resistance from both moving averages and the combined wedges that have been forming over the last few months.
Equity markets and Bitcoin are closing into key technical make or brake moment. I believe we might see more bull traps before a significant drop over the next week.
Goodluck
LOCO - TrendingLOCO's decline had been flattening out in the past few months and the 1st hint that the worst could be over was on 13 October when it gapped up 14% on huge volume. Not long later it went into a sideway consolidation for nearly 3 weeks before staging another strong break out of this consolidation last Friday on earnings beat.
The stock is now above it's 200 day moving average, clearly the trend is up now. Any pullback or consolidation in the near term would be opportunity to stake, with initial stop loss just slightly below last Thursday's pivot low @ 9.65.
Expect some pullbacks/consolidation as it test resistences on it's way up. Take partial profits and/or trail stops up at intervals.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
BITCOIN - Similar To December 2018 ?Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
This is not the longest that BTCUSDT has been trading underneath the Moving Average. During December 2019 until the next year, BTC spent 36 WEEKS underneath the Moving Averages. Noteworthy that this was the 50d MA (due to the lack of data, there was no 100d or 200d). Currently, we're trading underneath the 200d MA. However, this can still signify that range trading for a period of time may be the most likely scenario. We still see high volume on the chart and the RSI shows sideways to slightly lower is the most probable for the foreseeable future. USUALLY (not always) there is a Xmas rally, or a December rally. It should be interesting to see if we find our reversal during the month of December, or if we continue to decline and start another bullish cycle during Q1 next year in 2023.
I'm labeling this BTC post as short even though I don't believe shorting it is a good idea right now, simply because it seems more likely for the price to go slightly lower than higher (judging by the RSI). There will be the occasional, unpredictable wick back up towards the MA but the price will continue to trade underneath until a clear bottom is established.
Incase you're interested in XRPUSDT, check out this idea 👀
Have a great weekend🥂
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CryptoCheck
The trend is your friend!Hi guys, This is @CRYPTOMOJO_TA One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
In this chart, we will present some basic information about the bedrock of technical analysis – the trend.
Technical research is founded on one main assumption: market prices move in trends as they are freely traded. Traders and investors hope to buy a security at a low price at the outset of an upward trend, ride the trend, and then sell the security at a better price when the trend stops. While this technique is straightforward, putting it into effect is incredibly difficult.
Trends come in all shapes and sizes, from long-term patterns that last decades to short-term patterns that emerge minute by minute. All trends tend to have the same characteristics. Investors must choose which trend is most important for them based on their investment objectives, personal preferences, and the time they are ready to spend watching market prices.
Trends are obvious in hindsight, but ideally, we would like to spot a new trend right at its beginning, buy, spot its end and sell. However this ideal almost never happens, except by luck.
What exactly is a trend?
1. An uptrend or upward trend occurs when prices reach higher highs and higher lows.
2. A downtrend or downward trend is the opposite: when prices reach lower lows and lower highs.
3. A sideways or flat trend occurs when prices trade in a range without significant upward or downward movement.
From the investor/trader’s perspective, a trend is a directional movement of prices that remains in effect long enough to be identified and still be profitable.
The most popular method amongst traders to identify a trend is looking at a graph of prices for extreme points, tops & bottoms, and drawing lines between these extreme points. These lines are called trend lines . By drawing lines between tops and bottoms we get a „feeling” of the direction of price movement, rate of change of movement, and also its limits. When those limits are broken, they can warn us that the trend might be changing.
Another method for the study of trends is the moving averages which smooth out and reduce the effect of smaller trends within longer trends.
The number of trend lengths is unlimited. The ability for trends to act similarly over different periods is called fractal nature. When we say that the trends are fractal in nature we mean that in any period we look at we see trends with similar characteristics and patterns as each other. The trend length of interest is determined solely by the trader’s period of interest. This doesn’t mean that different trend lengths should be ignored. Because shorter trends make up longer trends, any analysis of a period must include an analysis of longer and shorter trends around it.
Trends are determined by supply and demand .
As in all markets, whether apples, oil , or used car components the economic principle of interaction between supply and demand determines prices in trading markets. Each buyer bids for a certain quantity at a certain price and each seller asks for a certain quantity at a certain price. When the buyer and seller agree and transact, they establish a price for that instant in time, whatever the reasons might be for the buyer wanting to buy and the seller wanting to sell.
The technical analyst, therefore, watches the price movement and the rate of change of prices and doesn’t concern himself/herself with the reasons for the transactions because most times they are indeterminable. The number of players and the number of different reasons for their participation in supply and demand is close to infinite. Thus, for the technical analyst, it is futile to analyze the components of supply and demand except through the prices it creates.
Furthermore, when someone invests or trades the price is what determines profit or loss, not corporate earnings or Federal Reserve policy. The bottom line is that the price determines success and fortunately, for whatever reason, prices tend to trend.
Trade with care.
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I'll risk less than normal on the USDCADDear colleagues, due to the continuation of the Iranian revolution against the Islamic regime and the ongoing violence of the oppressors of the ruling government of Iran, the possibility of insecurity in the Middle East region and oil export becoming extremely difficult is not zero. These conditions can increase the price of oil and the Canadian dollar. Of course, these events will have an impact in the long term, but for short-term analysis, it will also have an impact due to the fear of long-term actors.
My first short limit order will be around 1.3666
$TSLA's TA - The Path for the Last Mile's Rally.Price action wise, Tesla seems to be running out of steam.
June's pump was likely for Elon's sale for $TWTR's purchase.
There is nothing much literally left for the bulls, save for a last small buyback and purchase.
i) Fibonacci .382,
ii) 200 hourly ema &
iii) 234 resistance line
might prove as short term resistances.
JICPT| Microsoft retest key long-term MA, attractive technicallyHello everyone. Last Friday's better-than-expected job report triggered another sell-off amid concern of how much fed would increase the interest rate to contain inflation.
It's painful for tech-related stocks even those with tons of cash on their account.
Microsoft came to retest my long-term MA, which it has tested for almost 10 years. For me, this is a really attractive level to load.
What do you think? Give me a like if you're with me.
Market going down? What do you thinkDISCLAIMER: I DO NOT GIVE SOLICITATION TO BUY OR SHORT
Seems like market is continue its down trend based on pattern. What do you think ? OCTOBER 21 , 2022
I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated
Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses
Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind
Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at.
So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation
Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there.
ALKYL AMINES, TRADING AT MA100!!1. MA 100 is giving a very good support for alkyl.
2. one thing to note is it is forming a cup and a handle pattern, with the neckline drawn.
3. the stock has not given any returns, from past 6 months.
4. on 1st of august, the stock broke the trend line, to give a breakout, but it was not much effective, and from that period the stock is in a range.
5. have a look on MACD, there's no big bars as much
RESISTANCE LEVELS ARE DRAWN, ONE CAN AIM FOR THE STOCK TO GO UPSIDE ALL OVER TILL 4382
BankNifty looking bearish, Gap down ,Double Tweezer on top ??As per analysis Banknifty showing Tweezer on top on 4 Hours time frame, which means in upcoming week we can see a bearish moment in BankNifty
Banknifty having strong resistance at 39500 and nearest support at 39000 (open interest data).
Next strong support will be at 37833 as per 200 EMA ( Moving Average)
Please trade your plan accordingly.
Only for Educational purpose.
TSLA - Short on a big name in a bear market retrace Many of the big names in Tech, Industrials and Financials are going to be shorted as part of the strategy. We just want ensure a decent Reward/Risk ratio, 1.69 in this case, as the Macroeconomic situation remains gloomy for the next few quarters at least.