Multitimeframeanalysis
🔍WEEKLY OUTLOOK. Majors, BTC, XAU, OIL. Multitimeframe.☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
BALKRISIND - Price Action Analysis Since sept 2021 , NSE:BALKRISIND has changed the price action and started to making lower lows.
So to find more opportunity, we have to understand and take a look from higher TF.
Weekly TF(Higher timeframe) -
As in weekly TF, a bullish trend started from March 2020 has been stopped somewhere in Sept 2021 and trend has shifted.
In between , A rising wedge has been created and after confined break down of Wedge its clearly followed the down trend.
So question is Where we can buy or sell ? well that answer is in daily time frame.
Daily TF -
So we have already witnessed of Rising wedge Breakdown , and volume has also reformed during the breakdown . Price again creates Lower lows and supply zone has been created at 2194 -2240 (approx. 50 point).
BUY Opportunity :
There is a Demand Zone at 1780 -1720 . if price sustains above this zone and stopped making Lower lows that where you can go with the long with small risk.
SELL Opportunity :
if price again reject from define Supply zone then you can get opportunity at sell side as well.
NOTE : Make sure you follow the price action before you entering in any position.
In Conclusion , My observation still at the down side because there is no clear direction of bullishness in weekly TF , if price comes at demand zone at mention level in the chart, there would be higher chances of Reversal so till now you can take action base on price.
If you have a different opinion, please share your thoughts in the comment section. If you like my ideas, please show some appreciation with a like and follow me for more such trade ideas. Happy and safe trading! :)
OIL target reached. UPDATEOIL showed one more bos, and now we have a new price expansion to the downside. Please check the linked ideas for better context.
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further.
🔹 if confirmed = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, and share your ideas and charts, I'll be glad to talk to you💬
👀BTC remains the same. 18500 and 17500 as main targets.👀Please feel free to check the linked idea for more context. Use split-screen drag for a better view. Nothing too much to say here. We had that bos and now I'm expecting a minor pullback and then continuation lower.
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further.
🔹 if confirmed = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
👋 Disclaimer: All ideas here are for educational purposes only, not financial advice. Your trades are yours only, and your complete responsibility. I'm not particularly bullish or bearish on any given instrument, and I don't have a "fixed" bias. I'm just following the strategy I learned from my teachers and that's all. We can have completely different views on the market and still both make profits. Everything here should be treated as a simulation.
👉I believe a trader doesn't need to predict anything, so "right or wrong" mentality is a fundamental flaw of any beginner. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live. He's right only when he executes the system, and he's wrong only when he's taking random setups.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
SPY 2022.09.08 Small gap down opening to daily pivotPossible support/resistance areas of interest to test: 5DMA, the 50DMA, and VWAPs off of the recent highs and lows are all possible areas of interest to trade off of today. SPY is looking likely to open around the daily pivot and slightly lower than yesterday's close.
EURCAD - Win? Lose? Break Even? Hey everyone, so we managed to get a EURCAD short, and although we were running quite well, price is beginning to through us a interesting curve ball . So check out today's video to see why we got short, but also why we might just end up walking away with nothing in the process.
BTCUSDT - Comparing Fractals : Back to Distribution?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. 👩🏫
Fractals as chart patterns can be especially helpful to identify trends, and possibly speculate the next direction of the price. By looking through the last parts of the bull run back in 2021 on the Bitcoin chart in the 3D timeframe, I noticed that there is a corresponding pattern currently playing out in the 1D timeframe. For ease of reference, I used a multiple timeframe analysis and placed the two charts next to each other. Can you see it?
A closer look at this pattern reveals 3 Tops, the last two tops forms an M-Pattern after which there is a drop, a period of sideways trading... and then another hard drop. This could possibly point to another Distribution phase forming, meaning we can expect liquidity (dollars) to flow out of BTCUSD and into other assets. This could be hard to determine - either more stable commodities like Gold and Silver, or even micro cap altcoins. During this all, it is to be anticipated that Bitcoin will be sold and that money (mostly dollars) will appear somewhere else in the market.
If you want to know a little bit more about my current view on the DXY and the Euro, check out this idea where I discuss the correlation between BTC and the DXY:
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🔍GOLD outlook for next week. Structure, supply, MTF🔍📉 Text marks:
bos = break of structure (based on candle body close below/above previous structural impulse)
ph, pl = protected high or low (which holds current structural impulse)
liq target = liquidity target (institutional profit taking levels, main targets based on current price action)
rsz, rdz = refined supply and demand zones (specific areas to look for LTF confirmations)
IL = impulse leg
👋 Disclaimer: All ideas here are for educational purposes only, not financial advice. Your trades are yours only, and your complete responsibility. I'm not particularly bullish or bearish on any given instrument, and I don't have a "fixed" bias. I'm just following the strategy I learned from my teachers and that's all. We can have completely different views on the market and still both make profits. Everything here should be treated as a simulation.
👉I believe a trader doesn't need to predict anything, so the "right or wrong" mentality is a fundamental flaw of any beginner. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live. He's right only when he executes the system, and he's wrong only when he's taking random setups.
Thank you for being here, I hope I'll be able to help you become better in trading.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, I'll be glad to talk to you💬
🎯 EURUSD, BITCOIN, OIL and more. Quick weekly outlook. 🎯👋 Disclaimer: All ideas here are for educational purposes only, not financial advice. Your trades are yours only, and your complete responsibility. I'm not particularly bullish or bearish on any given instrument, and I don't have a "fixed" bias. I'm just following the strategy I learned from my teachers and that's all. We can have completely different views on the market and still both make profits. Everything here should be treated as a simulation.
👉I believe a trader doesn't need to predict anything, so the "right or wrong" mentality is a fundamental flaw of any beginner. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live. He's right only when he executes the system, and he's wrong only when he's taking random setups.
Thank you for being here, I hope I'll be able to help you become better at trading.
🔍GOLD Multitimeframe video analysis, why it's not bullish yet?Hi traders, in this video I'm sharing my thoughts on gold. Please have a look and let's discuss gold, so send me your questions and comments - I'll be glad to talk. Also check linked ideas for better context.
Here's a disclaimer: this idea is for educational purposes only, not financial advice. Your trades are yours only, and your complete responsibility. I'm not particularly bullish or bearish on any given instrument, I'm just following the strategy I learned from my teachers and that's all. We can have completely different views on the market and still both make profits.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, I'll be glad to talk to you💬
🔍EURUSD quick midweek outlook🔍EU remains bearish during this week. As for now, I'm looking to follow the price after that shift on 1H. However, if the zone will not give confirmation for entry, I will expect the price to move higher into marked-up Daily Supply zones. Use splitscreen drag, and also check linked ideas for more context.
That small zone on 1H chart is a zone from LTF chart, which could be a place to look for short confirmations.
Here's a disclaimer: this idea is for educational purposes only, not financial advice. Your trades are yours only, and your complete responsibility. I'm not particularly bullish or bearish on any given instrument, I'm just following the strategy I learned from my teachers and that's all. We can have completely different views on the market and still both make profits.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, I'll be glad to talk to you💬
GPBUSD - Approaching Strong Support ZoneAs illustrated on the daily chart, price action is now approaching the 1.16 handle. From 1.16 down to 1.14, this area might show some bottoming or consolidation action. RSI on both the daily chart (left side) and the weekly chart (right side) are indicating this pair is oversold.
== TRADE IDEA ==
Wait for RSI on the daily timeframe to confirm lack of bearish momentum by climbing back above 30. Depending on when this happens, closely monitor the resistance trendlines for bearish continuation to the downside. A break above the descending trendline, could expose further upside towards 1.20 and then 1.22 as a strong area of resistance.
🧭ETHUSD quick video analysis. Why it's still bearish?ETHUSD seems to keep bearish structure and in this video I try to explain why I think so.
Here's a disclaimer: this idea is for educational purposes only, not financial advice. Your trades are yours only, and your complete responsibility. I'm not particularly bullish or bearish on any given instrument, I'm just following the strategy I learned from my teachers and that's all. We can have completely different views on the market and still both make profits.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, I'll be glad to talk to you💬