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Multiple Time Frame Analysis

The RealReal, Inc - 150% gain waiting for collectionOn the above 2 week chart price action has corrected around 50% since May. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Support confirms past resistance (blue arrows). 3) The trend, higher highs higher lows. 4) The Bull Flag, 2nd impulsive wave imminent. Is it possible price action continues correcting? Sure. Is it probable? No. Ww Type: trade Risk: You decide Timeframe for long: Yesterday Return: 150% Stop loss: Say elsewhere
NASDAQ:REALLong
by without_worries
IRCON' S SUPPORT & RESISTANCE BULL OR BEAR ???- Hellooo, let's come towards main point as we can see from the daily chart Ircon is at its main support level which is 192 and from the same level it took support 4 times and reached 239-240 level. - The level of 239-240 will act as resistance for it and if it breaks the next target or resistance will be at 280 or 281 if we talk about percentage then Ircon can give upto 30%. - The strategy what we can use is to buy at lows so atleast if consider average issues then still we can earn minimum 15-20% in short term or above it. - S = 192 R=240 R2 = 280 R3= 301 & R4 = 351 - This are all my personal views not a buy or sell recommendation
NSE:IRCONLong
by investorragnarok
Trade Recaps: EURUSD - SHORT, GBPJPY - SHORT, 05/11/2024EU Bias Analysis: Although Price is deeply discounted on the HTF's and the 4H has started trending higher, A shift of 1H structure from a 4H Bearish Order Block presented an opportunity for short positions as price corrected into IRL. Grade: High Risk GJ Bias Analysis: Price is trading at a weekly premium and is establishing a 4H bearish trend after a break to the downside and correction higher, pending a continuation lower. Short entries aligned with the current 1H bearish range and entry confirmation was received after a TBL sweep and 15M distribution lower. Grade: Low Risk
Short
by The_Modern_Day_Trader
AAPL: Reacting Above a Critical Support Level (D&W Charts).Daily Chart (Left) ATH Resistance: The daily chart indicates a potential double top pattern near the all-time high (ATH) at around $237.23, signaling a possible resistance zone that could lead to a bearish reversal if not breached in the next few weeks. Mid-Term Support: The $221.33 level is acting as a mid-term support. A break below this level could imply further downside potential reversing the long-term trend, while a hold above could suggest consolidation or a reversal attempt to retest the ATH again. Weekly Chart (Right) Sideways Movement with Weekly EMA Support: The weekly chart shows a range-bound movement with $237.23 acting as a key resistance. The 21-week EMA is supporting the price, suggesting that buyers may still have interest at current levels. This EMA ccoicindes with the $221 support observed on the daily chart, reinforcing its importance. Consolidation Phase: The stock is in a consolidation phase just below its ATH, which could be indicative of a buildup before a breakout. Trading Implications: AAPL's chart shows signs of potential reversal to the ATH, as it remains supported by mid-term and weekly EMA support levels, and we see a bullish reaction in this area. However, if it loses the $221, along with the 21-week EMA, i'll reject the bullish thesis. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
PLTR: Explosive Move! New ATH After Earnings Report.Daily Chart (Left) Explosive Move: The price surged more than 20% following a strong earnings release, indicating high investor interest and strong buying momentum. New Support at $45: The $45 level, previously acting as resistance, now serves as a potential support according to the principle of polarity. Monitoring this level is crucial for any pullbacks or consolidations. Therefore, even if we see PLTR losing momentum, any pullback to the $45 won't ruin the uptrend. Strong Uptrend: The moving average (21 EMA) supports the ongoing bullish trend, with the price well above it. Weekly Chart (Right) All-Time High Breakout: The price has broken past its previous all-time high, confirming strong bullish momentum on a larger time frame. Sustained Upward Trend: The consistent uptrend since mid-2023 continues with increasing strength, supported by a steep rise in the weekly 21 EMA. Trading Implications: PLTR is currently experiencing strong bullish momentum, marked by an impressive breakout following earnings. The $45 level is crucial to watch for potential support on pullbacks. The trend remains bullish as long as the price stays above the 21 EMA and the support level holds. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NYSE:PLTR
by Nathan_The_Finance_Hydra
AUDUSD. Trading opportunityHello traders and investors! On the daily time frame, there has been a sideways range since August 24 (with point 4 formed). The lower boundary is 0.63478, and the upper boundary is 0.6942. The seller's vector 5-6 within the range on the daily time frame has reached the target of 0.65604. The buyer has halted the downward movement and is trying to start their vector 6-7 with a potential target of 0.67985. If we think not in terms of the range, but how the last buyer’s impulse, which started at 0.63478, traders have gathered volume below the 50% level (0.66278) of this impulse, which may indicate an attempt to reverse the price upwards. We should pay attention to how the price interacts with the 0.6622 level. This is the start of the buyer’s last sub-impulse (which nearly coincides with the 50% level of the last impulse!). If the buyer manages to break through this level and defend it, this accumulation below the level will provide good fuel for an upward move, and long positions can be sought. If the seller defends the 0.6622 level, it makes sense to wait for the buyer’s next attempt to reverse the price on the daily time frame, as searching for short positions in the buyer’s context area is risky. Short positions can be looked for on lower time frames, with lower time frame targets and considering the contexts of both the higher and lower time frames. A medium-term forecast can be found in the related post. Good luck with your trading and investments!
by AlexeyWolf
1
USDCAD VOLATILITY TRADEOn the 12 months chart, price show an impulsive bearish move that took 6 years o complete. In tandem with price action, the bullish correction that is currently active has taken 14 years. Price is yet to contact a fresh long-term supply sitting at 1.544. On the monthly and weekly charts, the structure is still the same. Price is seeking to contact a short term fresh supply at 1.44. On the daily chart, price continues to form new highs. On the short term (daily), we are looking at a bearish price correction fueled by the US election volatility. Price is expected to correct towards the 1.35-1.32 range thereafter resuming the original long term bullish price correction.
by morrisgitau
XAU/USD 05 November 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as analysis dated 31 October 2024 -> Swing: Bullish. -> Internal: Bullish. Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal. Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation. Price is now trading within an established internal range. Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high. We should however remain mindful that Daily TF is showing very early signs of bearish pullback phase initiation. Therefore, price could potentially print a bearish iBOS. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As highlighted in yesterday's intraday analysis dated 04 November 2024, I mentioned that price was expected to continue targeting the weak internal low. Price followed this expectation, reaching the weak internal low and printing a bearish iBOS. Subsequently, price has printed a bullish CHoCH, indicating the initiation of a bullish pullback phase. Internal structure has also been confirmed. Intraday Expectation: Price is expected to react at either premium of the 50% EQ or the M15 supply level before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Is the Finnish Bank OmaSp about to collapse?The charts are suggesting caution. On the above 10-day chart: 1) Double top in price. 2) Regular bearish divergence. The higher the timeframe you look the more ugly this divergence is. Laterally I’m wondering if the small banking crisis that hit the US is now venturing to other parts of the world. OmaSp does not appear to be in isolation. There were some tell-tell signs before the collapses of Silicon Valley and Signature Banks. (No one in Europe heard of those banks!) They were: 1) Strong bond market exposure. AND 2) Same TA as above. “OmaSp has been active in the bond market since 2013” says their website. Very true.. Until recently you could get the information on their Bond market exposure.. You click on the WebPage today and you get: www.omasp.fi “Unfortunately the webpage you were looking for can not be found” Oh dear… Ww Type: Trade, short Risk: <=3% Timeframe: Candles closing at 19 and under. 10-day Silicon Valley Bank before after 10-day Signature Bank before after
Editors' picks
OMXHEX:OMASP
by without_worries
48
XAUUSD - Gold Awaiting US ElectionsGold is below the EMA200 and EMA50 in the 4H timeframe. In today's analysis, I have drawn trade scenarios for you based on various confirmations In each circle we look for one-hour timeframe candles to confirm the expected trend. After a grueling and controversial campaign season, the US election will be held this week. Although many experts believe a clear winner is unlikely to be announced on Wednesday, much of the uncertainty surrounding the US political landscape is expected to ease next week, which may not bode well for gold. This precious metal had significant momentum last month due to the election fluctuations. Market analysts pointed out that the improvement of former US President Donald Trump's chances of victory and the creation of a potential "red wave" (a Republican victory) in Congress raised concerns about the continued unabated increase in government spending. In recent weeks, that fear has extended to either party's control of the White House and both houses of Congress. However, there is a famous saying in the financial markets for times like this: "Buy the rumor and sell the news." Last week, gold prices hit an all-time high above $2,800 an ounce as investors weighed in on rumors surrounding the US election. Dennis Gartman, a noted commodity investor, said he has become more cautious about gold as it draws more attention from investors. However, he added that despite any near-term weakness, gold's long-term fundamentals are well supportive of prices. "The main trend is still bullish," he said. Aside from the geopolitical turmoil created by this election cycle, gold remains well-supported by the sluggish US economy and labor market. In October, the US economy added just 12,000 jobs, well below expectations for 100,000 jobs. Some of the weakness can be attributed to fluctuations caused by cyclone devastation in southern states. However, looking beyond this volatility, sharp downward revisions in August and September suggest that the labor market is cooling. At the same time, this week we also saw that inflation is continuously increasing. The main measure of personal consumption expenditures, the U.S. central bank's preferred measure of inflation, showed that consumer prices held steady at 2.7% over the past three months. The Fed is stuck and will continue to cut interest rates as the labor market weakens. While interest rate cuts may not be as aggressive as they would like, higher inflation means lower real interest rates, which will hurt the US dollar and support gold prices.
FOREXCOM:XAUUSD
by Ali_PSND
RUNE to $14, falling wedgeOn the above chart price action has corrected over 70%. A long trade now presents itself, but that’s all. This is not a long term forecast by any means. 1) Price action breakout. (RSI remains in resistance). 2) Price action confirms support on past resistance. 3) The falling wedge top and lower touch points allow a near term forecast for price action, $14 area or 170% from current levels. Is it possible price action corrects further? Sure. Is it probable? No. Ww
Long
by without_worries
4