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$NKE | Allocation | Market Exec & Buy Limit |Technical Confluences: - Price action is at the 61% Retracement for Recent Lows to Highs and the beginning of Nike's time (Strong Support) - Price action is also at a Demand Zone - Stochastics is at Oversold levels on the Weekly & Monthly TF Fundamental Confluences: - Regardless of weak Earnings and Forward Projections, Nike is still considered as a market leader in various aspects (Fashion, Fitness, Sports, Status etc.); brand loyalty will be retained at least for the next few years - Who doesn't love Nike; aside from Adidas? ________________________________ NYSE:NKE is the next in my basket of portfolio. Allocating the first 20% of single-stock into my Long-Term portfolio. The Nike brand will not die off that easily. Definitely, a value buy; for me. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
NYSE:NKELong
by weekendanalyst
VIX: Lower High to complete Equity CorrectionYes. Volatility spiked HUGELY! Check this out. I bet we have one more spike, but not as high, while Equities bottom, FOR NOW. Vix is interesting, because it goes crazy on the middle of the down moves in equities, but when they eventually bottom, as traders realize everything is fine, it doesn't go as high, hence my Primary ((C)) label off high. Maybe, Monday week after next, Aug 19. Meaning, "Rally Friday" might have been a great time to buy some Vixy, Uvxy, or UVIX, OR SQQQ if you can hold for 10 days...Could be double money. The signal to sell will be a spike in MACD, as shown in the picture below. Price goes not as high on MORE strength...that is hidden bearish divergence, and it should sell off quick, as soon as that oscillator surpasses its last high, assuming Vix price stays in the 35-45 region and not higher than 65. I will be targeting about 38. It could push to 40, but 35 is average in high volatility, 15 under low volatility.
CBOE:VIXLong
by CuzDelux
5
SPY - RSI Failure Swing and Gold New ATH BreakoutThis trade idea is already a missed opportunity but the analysis of what transpired may be useful for future reference. This was a -8.38% move from a close that constituted a sell signal according to RSI failure swing theory on the daily chart. The drawdown would have been .46% if a short trade was entered at the close of Wed July 17th when the signal was given. That sell level was also successfully defended 4 days later. It coincided with the 9-day SMA at that time. Also worth noting: Gold broke out to a new ATH the day prior, which in hindsight, amongst the backdrop of great, unretraced gains in gold over the past 5 months, was a bellwether for increasing risk asset fear. SPY put in a new ATH that same day, but not with the same level of conviction. It had a smaller % gain, and it wasn't a breakout but a continuation of a series of new ATH days. Main takeaway: Watch the daily RSI for failure swings in overbought territory to spot trend changes before they happen.
AMEX:SPY
by Skipper86
SMH breaks through key resistanceSMH breaks through key resistance giving a hint that downward trend could be coming to a close for the near term. RSI continues to rise during recent rally which is a bullish sign Flash crash we experienced on Fri-Mon tends to cause rallies which we have experienced thus far potential breakout we are currently seeing could just be false breakout before retreating back into downward trend. We should wait for pullback to resistance line and bounce upward to help confirm if this breakout will continue Any trades made now should be done cautiously and in small amounts, the market could go in either direction. Trades made now, should not be added onto until we have more confidence of the overall direction.
NASDAQ:SMH
by ratchet-mint
How to Read the RSI Indicator: The Market's Lie DetectorAttention TradingViewers, market gurus, and Instagram influencers, this one indicator goes hard whenever it’s onto something. Let's talk about the RSI — the Relative Strength Index . This bad boy is like the lie detector test of the market, calling out overhyped moves and under-the-radar opportunities. What’s RSI All About? The RSI is a momentum-based oscillator that captures the speed and change of price movements. It operates on a scale of 0 to 100, and if you know how to read it, it’s like having X-ray vision into the market’s moods. The best part? It’s super easy to use — slap it on any chart, any time frame and let it do its thing. The Numbers Above 70 : Overbought alert! If the RSI shows a reading above 70, the trading instrument may have been partying a little too hard. Anywhere above 70 means that it’s flashing “overbought” – like a sugar rush that’s about to crash. Traders who follow the RSI usually interpret this as a signal to sell and move out of the asset before the line reverses course and dives back under the high-water mark. Sometimes, however, the price keeps climbing well above 70. Below 30 : Now we’re in “oversold” territory – it’s like spotting a hidden gem in a bargain bin. When RSI drops below 30, the market’s saying, “This thing’s been beaten down, but maybe – just maybe – it’s time for a comeback.” Keep in mind that sometimes the dip may keep dipping. How It’s Calculated RSI is all about relative strength — it compares the magnitude of recent gains to recent losses. Picture a tug-of-war between bulls and bears. The RSI score tells you who’s winning the battle right now, but also hints at who might be running out of strength. Trading with RSI Overbought? Maybe Sell (obligatory DYOR) . When RSI hits 70 and above, you might be looking at a market running out of fuel. You may start thinking about trimming your position, or at least keep an eye out for a reversal. After all, what goes up must come down (except maybe Bitcoin BTC/USD ?) Oversold? Maybe Buy (obligatory DYOR) . If the RSI drops to 30 and below, it could be a signal to start looking for a buying opportunity. The market is going through a meltdown and sometimes that’s your cue to go bargain hunting and snap up some discounted assets. Just make sure that your stock or crypto of choice isn’t falling for a specific reason — no indicator can save you from an actual rug pull. The Sweet Spot — Divergences: Ever notice when the RSI and price action don’t agree? That’s called a divergence, and it’s like catching the market in a lie. If the price is making new highs but the RSI isn’t, or vice versa, it’s a clue that something fishy’s going on and you may want to be on the lookout for a sur- price reversal. Bonus Tip: RSI in Different Timeframes Wanna get fancy and earn some bragging rights? Use RSI across different timeframes. A stock might be oversold on the daily but overbought on the weekly. By spotting the trend across different time frames, you can pick your desired time frame to trade in and follow closely. The higher the time frame, the longer the time horizon for the move to actually pan out. So, there you have it – the RSI. It’s not a crystal ball, but it’s pretty close. Use it wisely, and you might just outsmart the market — or at least stay ahead of the next big move. Keep those charts hot, continue learning about technical analysis and go smash those trading goals of yours. 🔥
Education
by TradingView
17
GBP/USD Key Points Tuesday’s UK Construction PMI came in above expectations at 55.3, the highest reading in more than two years Time will tell whether traders are overly optimistic that the BOE will be able to cut rates relatively slower than its major rivals or whether more rate cuts still need to be discounted GBP/USD’s bias remains to the downside and traders may look to sell this rally as long as rates remain below 1.2760 and the RSI holds below the 50 level. In an eerily quiet week for UK economic data, GBP/USD has been taking its signal from developments elsewhere and general risk trends. The only notable data release this week was Tuesday’s Construction PMI, which came in above expectations at 55.3, the highest reading in more than two years. Despite the strong reading (admittedly on a second- if not third-tier economic indicator), sterling has struggled to get into gear this week. Outside of the Swiss franc, the British pound is the weakest major currency since Sunday’s open. This weakness has emerged despite the BOE being one of the least dovish major central banks looking forward. According to Bloomberg data, OIS traders are pricing in just 44bps of interest rate cuts from the Bank of England this year, or a bit below two 25bps rate cuts, compared to roughly 100bps (four 25bps rate cuts) and 68bps (almost three 25bps rate cuts) for the Fed and ECB respectively. Time will tell whether traders are overly optimistic that the BOE will be able to cut rates relatively slower than its major rivals or whether more rate cuts still need to be discounted, potentially keeping GBP/USD under pressure. British Pound Technical Analysis – GBP/USD 4-Hour Chart Turning our attention to the chart, GBP/USD remains in its 4-week bearish channel, despite the big rally during the first half of today’s US session. One tool that traders can use to help handicap when a trend may break is the RSI indicator. In this case, the 14-period RSI on GBP/USD’s 4-hour chart has been stuck in a well-defined range between 30-50 since shortly after the bearish channel formed, signaling consistent, but not excessive, bearish momentum. Accordingly, bulls may want to watch to see if the RSI can break above the 50 level to either foreshadow or confirm a breakout in the exchange rate itself. For now though, the bias remains to the downside and traders may look to sell this rally as long as rates remain below 1.2760 and the RSI holds below the 50 level. -- Written by Matt Weller
Short
by WHSelfInvest
Long Term Silver Stacking Zone $20 to $15These line up with probable liquidity hunting zones on the monthly chart to fill in low volume notches on the volume profile and using fork extensions to estimate timing. The bottom end of the zone is less likely around $15 because the point of control is at $16.5 and would probably tend to soak up price tests through it. But the trade idea is still valid even if the POC doesn't provide support. The volume profile has a double distribution meaning disagreement among traders on this time frame. An exit point might be at $23 which is the next developing POC but if I stack some silver below $20 I will probably hold it for something more like $40 since silver has a tendency to produce short squeezes and shoot to the moon for a short burst and then collapse. Also holding physical silver (probably 10 oz bars) is a nice way to get a warm and fuzzy feeling of financial security so having a bit on hand is not a bad idea.
COMEX:SI1!
by mljones
LL/LH. Resistance at 70K, support at 50KBitcoin reached its peak at 70K, and since then it broke the trend and it has been doing a series of Lower Lows / Lower Highs, the pattern is corrective rather than bearish. We still have a support at 50K, which is critical if this is meant to hold and at least trade in the range. If this support is broken, basically it's the end of the bull chapter until the next time. This chart depicts Bitcoin in the Weekly time frame, which is the big picture. The momentum has already entered a negative territory. and it is not good for the bull case. The rally we saw recently is in tandem with the rally in the SP:SPX , a relief rally, also known as a "Dead Cat Bounce". Once this is exhausted it could resume its leg to the bear territory. I wouldn't open a bull position here, in this time frame, unless I see the support is confirmed and the momentum reverts to the bull side. The important levels to watch : 50K, 60K, 70K. Trade and Trade Well !
COINBASE:BTCUSDShort
by Madrid
Lumen Technologies - Bullish divergenceOn the above 12 day chart price action has corrected over 90% since early 2022. Now is an excellent moment for a long position. Why? 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence. 3) Support on past resistance. See 2 month chart below. Is it possible price action drops further? Sure. Is it probable? No. Ww Type: trade Risk: 6% or less Timeframe for long: This month Return: Not got a clue 2.month
NYSE:LUMNLong
by without_worries
20
An ADX Tip. :)Hello traders! I'm back from a few years away and found a little nugget on ADX in my trading notes which I wanted to share with you. As you may know I have focused the majority of my attention on candlestick analysis using Steve Nison training material. In one of his courses I have written down this quote by a significant trader he talks about sometimes, " Some of the best buy signals are found when ADX is below 15 and begins to rise. " - Chuck Lebeau Having seen that quote I brought up TradingView and found the most recent occurrence of that happening on the asset I was analyzing on the Weekly chart and look what I found: Steve Nison teaches a strategy called "Trading the 9" which involves the 9, 20, & 50 period moving averages. Look, there was a Golden Cross of all of them exactly when ADX crossed above 15! Outstanding! Maybe look at adding an alert on the assets you watch for ADX crossing above 15! :)
NASDAQ:AAPLEducation
by zerocashcool
Why I Think EURUSD Will Sell This Week...Technical AnalysisHey Rich Friends, I hope all is well and you are having a profitable trading month so far. If you are on a trading journey, keep going until you get the results you want. This is only my technical analysis of EURUSD so please cross reference the indicators you have on your charts and check the news. I think EU will continue to sell this week and this is why: - The candles have already rejected the previous the supply zone and formed a lower high - The larger EMA (purple) has crossed below the smaller EMA (blue) on 4H. This is a strong bearish confirmation for me - The Stochastic has crossed below 80, the slow line (orange) is above the fast line (blue) and both lines are facing down. This is a strong bearish confirmation for me - Structure has been broken on the downside with the current candle - There is a gap that must be filled I entered this trade at market execution with my SL at a previous high and my TPs at previous lows. Greak luck if you decide to take this idea and happy trading. Peace and Profits, Cha
Short
by MoneyMantraCha
15 Minutes.AMEX:SPY Aug 6, 2024 15 Minutes. AMEX:SPY managed to hold above 505 yesterday. We take 3 numbers The fall 554.86 to 510.28 The fall 533.17 to 510.28 The fall 523.58 to 514.9 For the first fall AMEX:SPY made lL but oscillator also LL. Hence sell on rise probably until 538 is crossed. For the second fall AMEX:SPY even with gap doen yesterday AMEX:SPY managed to retrace 61.8% arounf 523.5 levels. Hence 510 should provide a good support today. For the third set from 523.58 to 514.90 a retracement to 521 levels will give a change to short as it is also 50 averages. On upside if 524 is crossed and we get a good close being near top of bar then 530-532 should be a target to aim as it will be approximately 100 200 averages number. So, for the day i will go long above 524 and short 521 levels.
AMEX:SPY
by RiderTrader
Zero Spread Milestone: Strategic Trade in Micro Yield FuturesIntroduction The current market scenario presents a unique potential opportunity in the yield spread between Micro 10-Year Yield Futures (10Y1!) and Micro 2-Year Yield Futures (2YY1!). This spread is reaching a critical price point of zero, likely acting as a strong resistance. Such a rare situation opens the door for a strategic trading opportunity where traders can consider shorting the Micro 10-Year Yield Futures and buying the Micro 2-Year Yield Futures. In TradingView, this spread is visualized using the symbol 10Y1!-CBOT_MINI:2YY1!. The combination of technical indicators suggests a mean reversion trade setup, making this a compelling moment for traders to act on such a potential opportunity. The alignment of overbought signals from Bollinger Bands® and the RSI indicator further strengthens the case for a reversal, presenting an intriguing setup for informed traders. All of this is following last Wednesday, July 31, 2024, when the FED reported their decision related to interest rates where they left them unchanged, adding further context to the current market dynamics. Yield Futures Contract Specifications Micro 10-Year Yield Futures (10Y1!): Price Quotation: Quoted in yield with a minimum fluctuation of 0.001 Index points (1/10th basis point per annum). Tick Value: Each tick is worth $1. Margin Requirements: Approximately $320 per contract (subject to change based on market conditions). Micro 2-Year Yield Futures (2YY1!): Price Quotation: Quoted in yield with a minimum fluctuation of 0.001 Index points (1/10th basis point per annum). Tick Value: Each tick is worth $1. Margin Requirements: Approximately $330 per contract (subject to change based on market conditions). Margin Requirements: The margin requirements for these contracts are relatively low, making them accessible for retail traders. However, traders must ensure they maintain sufficient margin in their accounts to cover potential market movements and avoid margin calls. Understanding Futures Spreads What is a Futures Spread? A futures spread is a trading strategy that involves simultaneously buying and selling two different futures contracts with the aim of profiting from the difference in their prices. This difference, known as the spread, can fluctuate based on various market factors, including interest rates, economic data, and investor sentiment. Futures spreads are often used to hedge risks, speculate on price movements, or take advantage of relative value differences between related instruments. Advantages of Futures Spreads: Reduced Risk: Spreads generally have lower risk compared to outright futures positions because the two legs of the spread can offset each other. Lower Margin Requirements: Exchanges often set lower margin requirements for spread trades compared to single futures contracts because the risk is typically lower. Leverage Relative Value: Traders can take advantage of price discrepancies between related contracts, potentially profiting from their convergence or divergence. Yield Spread Example: In the context of Micro 10-Year Yield Futures and Micro 2-Year Yield Futures, a yield spread trade involves buying (or shorting) one contract (10Y1! Or 2YY1!) while shorting (or buying) the other. This trade is based on the expectation that the spread between these two yields will move in a specific direction, such as narrowing or widening. The current scenario (detailed below), where the spread is reaching zero, suggests a significant resistance level, providing a unique trading opportunity for mean reversion. Analysis Method Technical Indicators: Bollinger Bands® and RSI 1. Bollinger Bands®: The spread between the Micro 10-Year Yield Futures (10Y1!) and Micro 2-Year Yield Futures (2YY1!) is currently above the upper Bollinger Band on both the daily and weekly timeframes. This indicates potential overbought conditions, suggesting that a price reversal might be imminent. 2. RSI (Relative Strength Index): The RSI is clearly overbought on the daily timeframe, signaling a possible mean reversion trade. When the RSI reaches such elevated levels, it often indicates that the current trend may be losing momentum, opening the door for a reversal. Chart Analysis Daily Spread Chart of 10Y1! - 2YY1! The main article daily chart above displays the spread between 10Y1! and 2YY1!, highlighting the current position above the upper Bollinger Band. The RSI indicator also shows overbought conditions, reinforcing the potential for a mean reversion. Weekly Spread Chart of 10Y1! - 2YY1! The above weekly chart further confirms the spread's position above the upper Bollinger Band. This longer-term view provides additional context and supports the likelihood of a reversal. Conclusion: Combining the insights from both Bollinger Bands® and RSI provides a compelling rationale for the trading opportunity. The spread reaching the upper Bollinger Band on multiple timeframes, along with an overbought RSI, strongly suggests that the current overextended condition is potentially unsustainable. Additionally, all of this is occurring around the key price level of zero, which can act as a significant psychological and technical resistance. This convergence of technical indicators and the critical price level points to a high probability for a potential mean reversion, making it an opportune moment to analyze shorting the Micro 10-Year Yield Futures (10Y1!) and buying the Micro 2-Year Yield Futures (2YY1!) as the spread is expected to revert towards its mean. Trade Setup Entry: The strategic trade involves shorting the Micro 10-Year Yield Futures (10Y1!) and buying the Micro 2-Year Yield Futures (2YY1!) around the price point of 0. This is based on the analysis that the spread reaching zero can act as a strong resistance level. Target: As we expect the 20 SMA to move with each daily update, instead of targeting -0.188, we aim for a mean reversion to approximately -0.15. Stop Loss: Place a stop loss slightly above the recent highs of the spread. The daily ATR (Average True Range) value is 0.046, so adding this to the entry price could be a way to implement a volatility stop. This accounts for potential volatility and limits the downside risk of the trade. Reward-to-Risk Ratio: Calculate the reward-to-risk ratio based on the entry, target, and stop loss levels. For example, if the entry is at 0.04, the target is -0.15, and the stop loss is at 0.09, the reward-to-risk ratio can be calculated as follows: Reward: 0.19 points = $190 Risk: 0.05 = $50 Reward-to-Risk Ratio: 0.19 / 0.05 = 3.8 : 1 Importance of Risk Management Defining Risk Management: Risk management is crucial to limit potential losses and ensure long-term trading success. It involves identifying, analyzing, and taking proactive steps to mitigate risks associated with trading. Using Stop Loss Orders: Always use stop loss orders to prevent significant losses and protect capital. A stop loss order automatically exits a trade when the price reaches a predetermined level, limiting the trader's loss. Avoiding Undefined Risk Exposure: Clearly define your risk exposure to avoid unexpected large losses. This involves defining the right position size based on the trader’s risk management rules by setting maximum loss limits per trade and overall portfolio. Precise Entries and Exits: Accurate entry and exit points are essential for successful trading. Well-timed entries and exits can maximize profits and minimize losses. Other Important Considerations: Diversify your trades to spread risk across different assets. Regularly review and adjust your trading strategy based on market conditions. Stay informed about macroeconomic events and news that could impact the markets. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CBOT_MINI:10Y1!Education
by traddictiv