Noindicators
SOLANA - Key area with 34 upside targetBINANCE:SOLUSDT is in an interesting area where it could go either way. Upside target on the bigger pattern that has been running all year is around 34 (Fibonacci number).
There is a CIT window on Friday 21st April so if we get a retracement back to 22-23 area that will set up the move higher.
There is also the possibility of a deeper correction back down to 15 but above 27 and this scenario is off the table.
This week will be the key. Enjoy the week. Watching for set ups.
How to Day Trade or Swing Trade S&P500 Part 2Hey Traders,
So this is part 2 of the previous strategy I talked about with the stock indexes. I used to trade the Forex, Commodities, Crypto and other markets. But in my opinion these stock indexes are the best markets of the all to trade because they move daily with strong volume and give you multiple trading opportunites. So lets look at now how we can truly fine tune this strategy and turn it into a great method. In the future I believe I will only focus on trading the stock indexes S&P500, Nasdaq 100 and Russell 2000.
Enjoy!
Trade Well,
Clifford
PacWest Bancorp Collapse - 90% fall in priceTried to analyse PACW stock price as per Fib ratio and daily average price levels. Expecting $5.34 as opening price on Monday, new fall is also expected as price seems to be at the golden level and can fall below $2. This will be the 4th crash after SVB or signature banks, etc. Friday price took a reversal but seems there's lot of pressure on the sell side, also being the psychological range of the price broken earlier might have adverse effect on sell side. Let's wait and watch if this actually happens or if government actually takes some measurements to cover the fall, in any terms we will learn something new...
AAPL - Time for a Correction??NASDAQ:AAPL Has rallied 35% this year and is coming into Earnings this week.
Most of the other Tech giants have reported and have had rallies, Is AAPL going to continue this or are we due for another correction to get long.
If its really bullish like the last move a move back to 160 would be all we get. If it breaks through these levels then 150-155 is the next level.
There are smaller patterns completing around 170-171 so these are the levels to watch.
US Interest rates this week which will give a bit of volatility and the VIX is at very low levels not seen since 2021.
These are the conditions setting up this week.
Enjoy the week.
Greaves Cotton - Technical AnalysisI have plotted chart of Greaves Cotton in monthly time frame. In longer period, we have observed that stock is continuously moving in range of INR 115-150 since Mid of 2014. Only due to covid crash, price went out off from the range. It is showing very long term consolidation.
In long term, company has earned a good reputation in manufacturing EV vehicles and other engines. CMP of such stock is INR 133 as on 13-04-2023. One can buy this stock for a long term with a stop loss of INR 110. Stock is having potential to reach up to INR 200. However, one can make his/her position based on own risk tolerance and financial capacity.
BANDHAN BANK SWING TRADE SETUPThis right here is a symmetrical triangle which i believe could break to the upside. But regardless we shall see what happens cause the price even break towards the bottom which could result in massive fall due to the presence of a major yearly trendline, but at the end of the day this setup is just out here for the record ( and for fun;) ).
Happy Trading !!!
TATA MOTORS SWING TRADE SETUPTata motors formed a double top this month and proceeded to fall down till a weekly support which i believe if broken might lead to providing a good Short position in Futures. A more least case scenario might be that price goes up from here till the previous top and end up forming a parallel channel, but best belief its gonna go in the favour.
Happy Trading !!!
USD/CAD corrective mess triangle/complex correctionthe wave count dictates that we are in wave X of a minute degree and yet we haven't show the complete pattern so here is the probabilities:
1) Triangle : it is the highly probable pattern, and since the wave B/X is smaller than A/W and wave C/Y is bigger than wave B/X allows us to assume that a probable triangle would be a barrier triangle, with that being said we should anticipate price being supported at the red line, currently price has made and distinguishable abd correction but even with the NFP report coming out it positive for the Green price couldn't complete wave D this indicates to us that price is preparing a WXY correction inside of wave D but this still remain to the price to make it.
2) WXY : this is probable if price hasn't been supported at the red line we can assume that this corrective pattern is not a triangle which led us to this probability (WXY correction) but we cannot confirm this count until the price break the green line that server us as a support .
3) WXYXZ : as all wave practitioner i do know that this correction is rare but it still possible if price didn't visit the red support and continue it's rising.
London Open Killzone Liquidity Build and FVG Hello Traders! What I shared with you happens on most days of the week and is a super easy way to get trdaes that are highly probable..
London Open Killzone time is: from 3:00 AM to 5:00 AM New York Time.. (though it could extend a bit further)..
What we should be looking for is this scenario:
We have a clear liquidity area..(single or double lows/relative equal lows) and time is London Open Killzone and we have reached liquidity area.. on this case we expect price to reverse and we look for a confirmation (in this case a "Fair Valie Gab")..
Note that:
I recommend using 15-min chart to spot liquidity area and for looking at how price is performing..
And once we get into a liquid area, we should go lower (5-min_1-min) charts to look for FVG..
Hope you find this helpful 😃
Let me know your thoughts in comments I would be happy..
Be Well All!
A SWING TRADE plan this setup is for the future as deepak nitrite forms a wick rejection from its support and ended up forming a hammer candlestick which might indicate a possible upside reversal or else the support will break. But regardless its a decent setup personally and we might see what happens on monday itself.
Happy Trading !!!
Axie Infinity trade plansafter a huge upside AXS peaked a new high of 15$ and has now formed a solid looking parallel channel and if this breaks to the upper side then AXS might peak 16-18$. But i then i would be glad to go short as well if it breaks to the downside, just expecting a reaaly sharp move towards either side.
Happy Trading !!!