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MCHP Long Setup: Oversold Rebound w/ Rising Volatility & VolumeMicrochip Technology (MCHP) is presenting a promising long opportunity for a temporary rebound, supported by three strong technical factors: Slow Stochastic in Extreme Oversold Territory : The indicator is below 20, signaling excessive selling pressure, often linked to potential short-term recoveries. Rising Volatility Index (LSVI) : The significant increase in volatility suggests the market is entering a phase of larger price movements, increasing the probability of a sharper rebound. Increasing Volume with Reduced Decline: Recent candles show higher trading volume accompanied by a slowing rate of decline, indicating potential buyer activity and a technical correction from the recent sharp drop. With the price near a critical support zone and a target identified at $65.00 (10% gain), this setup offers a compelling risk-reward ratio for short-term traders. If the price crosses above the red line, it may reach $71.00 (20% gain). Watching for confirmations such as a %K/%D crossover on the Slow Stoch and sustained buying volume will be key to validating this thesis. Disclaimer : Always manage risk carefully, particularly in high-volatility environments.
NASDAQ:MCHPLong
by felipegomesbwm
1
Crucial Moment for ETH/BTC- ETH/BTC is approaching the end of a symmetrical triangle formation on the daily chart, which began back in July 2022. - The CM Williams Vix and Ultimate RSI indicators suggest that the bottom was established in late March 2023. - Currently, ETH/BTC is testing a significant resistance line that has held strong since July 2017. Additionally, considering the Bitcoin Dominance nearing a resistance point (see attached analysis below), it wouldn't surprise me if we witness a breakout for ETH/BTC, resulting in a decreasing Bitcoin dominance and Ethereum outperforming BTC at the moment. I will conduct further analysis below using other timeframes
by joerivdpol
1
EURCAD Wave Analysis 6 December 2024 - EURCAD broke resistance zone - Likely to rise to resistance level 1.5000 EURCAD currency pair recently broke the resistance zone located between the resistance level 1.4865 (which has been reversing the pair from the middle of November) and the 50% Fibonacci correction of the downward impulse wave C. The breakout of this resistance zone accelerated the active intermediate impulse wave (C). Given the clear daily uptrend and the strongly bearish CAD sentiment seen today, EURCAD currency pair can be expected to rise toward the next round resistance level 1.5000.
Long
by FxProGlobal
ETH's next volatility period: around December 16 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) Since BTC is currently renewing its ATH, if the price of BTC maintains a reasonable level, I think ETH and altcoins are likely to continue their upward trend. This is because funds are continuously flowing in through USDT or USDC. This inflow of funds can be seen as evidence that the FOMO phenomenon is being created. - However, if someone continues to sell, there will be a change of hands. If this change of hands is somewhat from the powerful to individual investors, it will eventually turn into a downtrend. In that sense, the altcoin bull market can be seen as the last stage of the bull market. - What we need to think about here is that the coin market is expected to maintain an uptrend until 2025. Therefore, if it shows signs of turning into a downtrend, we need to secure some cash to realize profits and buy again. - I think that for the altcoin bull market to start, BTC dominance needs to fall below 55.01 and be maintained or continue to decline. Therefore, the current market can be seen as the beginning of entering the altcoin bull market. - The point of interest is whether ETH can maintain its price around 3602.01-3707.61 or higher. If so, it is expected to renew the ATH. As I mentioned in the explanation of the BTC chart, if it falls below the M-Signal indicator on the 1D chart, it is likely to meet the M-Signal indicator on the 1W chart, so you should think about a response plan for this. - For altcoins, if BTC is maintained near or above the important support and resistance zone, it is more likely to turn into profit more quickly if you focus on finding the right time to buy when the candle on the 1D chart is a downward candle. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
1
Important Support and Resistance Zones: 95904.28-98892.0 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1M chart) It has risen by about 500% so far. I think profit taking is naturally taking place as it rises to a new price range. - (1D chart) Therefore, the point of interest is whether the price can be maintained around 95904.28-98892.0 or higher until the next volatility period. If BTC maintains its price around this range, it is expected that the upward trend will continue to create an altcoin bull market. - The 95904.28-98892.0 range is a range composed of the HA-High indicator and the BW(100) indicator, and can be considered a high point range. Therefore, if it falls below this range, it is likely to fall further because it has fallen from the high point range. Therefore, the key is whether the price can be maintained when the M-Signal indicator on the 1D chart rises within this range. As mentioned earlier, if it falls below the M-Signal indicator on the 1D chart and encounters resistance, it is likely to meet the M-Signal indicator on the 1W chart, so you should think about a countermeasure for this. If it falls below the 95904.28-98892.0 range, it is expected that altcoins will show a sharp decline. - (1W chart) What we should be interested in in this movement is how the StochRSI indicator on the 1W chart resets. We need to see if the StochRSI indicator resets with a large decline or if it resets sideways. - If the price stays around 95904.28-98892.0 or higher until the next volatility period, it is expected to move upwards towards the Fibonacci ratio 2.24 (116940.43). - Have a nice time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
3
Intel 50% bear market rally** short term study ** ** This is not an investment opportunity, a trade only ** Since the 60% correction call (below) the market has oversold extensively leaving gaps behind. Gaps get filled. On the above daily chart price action has printed strong positive divergence together with a price action resistance breakout. The Gap is actually the break of market structure on the short idea. Buyers at this level will be a source of exit liquidity for the bear market continuation. Is it possible price action continues correcting? Sure. It it probable? No. Ww Type: trade Risk: You decide Return: 50% 60% correction call
NASDAQ:INTCLong
by without_worries
12
USDCAD Wave Analysis 5 December 2024 - USDCAD reversed from pivotal resistance level 1.4080 - Likely to fall to support level 1.3990 USDCAD currency pair today reversed down from the pivotal resistance level 1.4080 (which has been reversing the pair from the start of November) standing near the upper daily Bollinger Band. The latest downward reversal from resistance level 1.4080 is the 5th consecutive failed attempt to break above this level – which signals its strength. USDCAD currency pair can be expected to fall toward the next support level 1.3990 (low of the previous minor correction from the end of last month).
Short
by FxProGlobal
S&P 500 Targets: Continuation of Record-Breaking Gains Amid MacrTechnical Analysis The S&P 500 cash index, depicted on its daily chart, has extended its record-breaking trajectory by decisively breaching the prior resistance level of 6,031.24. This movement has prolonged the established bullish trend, guiding prices towards a critical resistance level at 6,110.21, corresponding with the 141.40% Fibonacci extension. A continuation of this bullish momentum could see buyers break through this resistance, subsequently targeting higher levels at 6,149.12 and eventually 6,221.99. Conversely, should sellers regain momentum, initially targeting the key support level at 5,840.49, a confirmed breakdown below this support would signal a potential shift in sentiment. Key Events to Watch The weekly jobless claims and U.S. trade balance reports are expected to provide further insights into the resilience of the economy. In addition, all eyes are on the non-farm payrolls report due on Friday, which will be instrumental in assessing the extent to which robust corporate growth has translated into labor market strength.
ERRANTE:US500Long
by Errante
US 100 Trade LogUS 100 Buy SIgnals Two potential long opportunities have been identified, but caution is advised due to the possibility of stop runs. The market could easily disrupt both trades, so this requires close observation and adherence to the system. Discretionary judgment will play a role here, but the focus remains on structured analysis. Trade Setup : 1. Entry Zones : Buy within the 1H Fair Value Gap (FVG) or the 4H Fair Value Gap (FVG). 2. Risk Parameters : - First Position: 0.5% risk - Second Position: 1% risk 3. Stop-Loss Size : Fixed at 90 points for both trades. 4. Risk-Reward Ratio (RRR) : 1:2 for both positions. 5. Caution : Be wary of potential stop hunts in these volatile zones. Monitor closely for signs of market manipulation or sudden reversals. I am also weary of the strong divergences on both the MACD and the CVD. So be careful with risk assessment today.
PEPPERSTONE:NAS100Long
by Fondera
The #1 Explaination Of What Short Selling IsYesterday was more like a movie as I began to reflect on the days when I did not understand capital markets - The time I would have given up on myself and not known the power of understanding how to trade the capital markets. Sadly the capital markets are very hard to understand but with a lot of patience, you will know them Today I want to show you how to short sell. And to show you that You don't need to fear short-selling its just that I prefer to accumulate not distribute If you are a beginner you may not understand this but as a trader, you have to choose One side...think of short sellers like the away team, and long buyers as the home team In order to play the capital markets you have to choose your team and stick to it Because this will give you a better understanding of the capital markets Now look at this price action the price is overbought meaning there are a lot Of sellers, because the stock of the product is too much hence they have to sell at a discount price. Because of this, the buyer is forced to buy insurance on his losses to cover the cost of inventory does this make sense? You are selling insurance to the buyer so that he can cover his cost to buy more inventory inventory is an expense so the buyer is not making a cash profit on this trade instead, he is making a loss with the plan to sell the inventory at a higher price in the future to cover this loss.You on the other hand as a short seller you are making cash profit Because your insurance contract price has increased Look again at this chart CAPITALCOM:EURUSD the price on the stochastic RSI is overbought That means the buyer has to much inventory and he needs to insure it against damage. Your role as a short seller is to sell him insurance. Explaining short selling can be a challenge but to cut the long story "short" You are selling insurance on the inventory that the buyer holds. If you short-sell this Forex pair remember to not use more than x5 margin and take at least 20% profit. Also note that this week is the unemployment rate FRED:UNRATE will be announced in the news on friday Which in my opinion is a huge catalyst for this currency pair CAPITALCOM:EURUSD Trade safe full disclosure am not participating in this trade. Also this chart reminds me of the rocket booster strategy from the short side: 1.Price has to be below the 50 SMA 2.Price has to be below the 200 SMA 3.Price should gap down. check out the references below to learn more about this strategy about the rocket booster strategy Rocket boost this content to learn more Disclaimer: Trading is risky please learn risk management and profit-taking strategies. Also feel free to use a simulation trading account before you trade with real money.
Short
by lubosi
$SPY December 5, 2024AMEX:SPY December 5, 2024 15 Minutes 60 Minutes Gaps not getting filled. Very strong uptrend. Being a moving average and Fib trader i do not have a setup for fresh entry or short. At the moment if any pull back 60o is the number to watch. It is 9 moving averages in day, and 38.2% retracement for the move 587.43 to 607.91. AMEX:SPY not even breaking 21 averages in 60 minutes since the move started from 587.43. HH HL pattern. No way to short. At the moment even if I short at 601 levels the target is only 598. So not much R:R. Need to continue the longs for 608-612 as initial target provided 601 is holding. I have no position.
AMEX:SPY
by RiderTrader
12
Next Volatility Period: Around December 27 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) This volatility period has ended. The key is whether it can rise above the BW(100) indicator point of 98892.0. If not, if it falls, the point to watch is whether it can be supported near the HA-High indicator point of 95904.28. The next volatility period is around December 27. By now, we should look at the direction in which the HA-High indicator box range, 91792.14-98871.80, has deviated. - (1W chart) What is important to check this month is how the StochRSI indicator on the 1W chart is initialized. That is, what movement does it show when the StochRSI indicator falls from the overbought range and becomes StochRSI < StochRSI EMA. Since the StochRSI EMA indicator has never touched the 100 point so far, the downward pressure will increase as it gets closer to the 100 point. ------------------------------------------- (BTC.D 1D chart) If BTC dominance falls below 55.01 and is maintained or continues to fall, it is expected that the altcoin bull market will begin. It seems that some altcoins will start to pump in a circular manner. Therefore, if the altcoin I bought is rising slowly or rather falling, do not switch to another altcoin and wait, and the pumping will begin in order. - (USDT.D 1M chart) This altcoin bull market is expected to continue until the USDT dominance falls to around 2.84. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, I expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
The point of interest is whether it can rise above 2.5102 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (XRPUSDT 1M chart) It is difficult to predict how high a coin (token) that has updated its ATH will rise. However, in such cases, the Fibonacci ratio, which is the most commonly used chart tool, is used to make a rough prediction. - Since there is a previous candle below the Fibonacci ratio 2 (1.9574), you can use the support and resistance points. The current point of interest is whether it can rise above the Fibonacci ratio 2.618 (2.4696). If the price rises above the Fibonacci ratio 2.618 (2.4696) this time and maintains, it seems likely that the rise will continue to rise near the Fibonacci ratio 3.618 (3.2983). - (1D chart) Due to the large rise, the gap between the M-Signal indicators on the 1D, 1W, and 1M charts is large, and also, the gap between the 5EMA on the 1D chart and the M-Signal indicator on the 1D chart is quite large. Accordingly, the point of interest is whether sideways movement occurs to reduce the gap. Since the BW(100) indicator was created at the 2.5102 point due to this decline, it is expected that the uptrend will continue only if it rises above 2.5102. If it moves sideways or falls this time, I think it is likely to continue until the M-Signal indicator on the 1D chart or the HA-High indicator on the 1D chart is created. The current HA-High indicator is located at 1.3714, so if it falls a little more, it seems likely that a new HA-High indicator will be created. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
Example of how to trade in an altcoin bull market Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) The volatility period of ETH is expected to continue until December 5th. The point to watch is whether the price can be maintained above 3707.61 and the ATH can be renewed. As the price rises, I think the important support and resistance area is the 3265.0-3321.30 area. Therefore, if the price is maintained above this important support and resistance area, I think it is likely to continue the uptrend. However, if it falls below the BW (100) and HA-High indicators, there is a possibility that a downtrend will begin, so you should think about a countermeasure for this. --------------------------------------- I think it is better to refrain from trading with a sell (SHORT) position in an altcoin rising market and trade mainly with a buy (LONG) position. The reason is that there are many more cases where it pretends to fall and then rises. Therefore, it is better to find a time to buy when the candle on the 1D chart is a falling candle and it shows support near the support and resistance points drawn on the 1M, 1W, and 1D charts. However, coins (tokens) that have updated their ATH do not have support and resistance points, so it is impossible to confirm whether they are supported. In this case, it is recommended to buy when the candlestick on the 1D chart is a bearish candlestick, when the StochRSI indicator on the 1h chart rises below the 50 point, or when it shows support from indicators such as BW(0), HA-Low, BW(100), and HA-High. The fact that BW(0) and HA-Low indicators are created means that a low point range has been formed, so if support is confirmed near the range made up of these indicators, it can be considered a buying period. - The fact that BW(100) and HA-High indicators are created means that a high point range has been formed, so if it fails to break through the range made up of these indicators, it is a time for a split sale. However, when an altcoin bull market is in progress, it is recommended to lower the proportion of split sales or wait. - The question of which altcoin will rise is a meaningless question given the current flow of the coin market. In an altcoin bull market, it is better to ignore most auxiliary indicators or the increase in price and trade. If you pay attention to auxiliary indicators or the increase in price, you will miss the time to buy and buy after the price rises, which increases the possibility of failure in trading. Therefore, as I mentioned earlier, when the candle on the 1D chart is a downward candle, you need to think about how to proceed with the purchase and focus on finding the right time to buy. However, since it can fall again, it is better to adjust the weight with the intention of buying in installments from the beginning. In addition, you need to set a stop loss point to reduce damage caused by a sudden drop. This is because if it suddenly fails to turn into an upward trend and falls, you can suffer great damage. Therefore, when buying, consider whether to buy in installments or cut your loss and find a new time to buy, and then proceed with the purchase to reduce the psychological burden. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, I expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
Ethereum - RSI Signals Bull Run Peak!ETHUSDT Technical analysis update ETH’s weekly RSI is currently at 64. In previous bull cycles, ETH’s weekly RSI has climbed above 90, marking the peak of the rally. This time, it’s likely that ETH’s RSI could again reach the 90 level during the peak of the current bull run. Historically, the RSI indicator has proven to be a reliable tool for timing exits in ETH investments. If the RSI approaches 90, it could signal that ETH is nearing an overbought zone, potentially aligning with a price target of around $10,000. A well-timed exit based on RSI can help lock in profits before any significant pullbacks.
BITSTAMP:ETHUSDLong
by HexaTrades
1
US OIL Trade Log USOIL Short Position Analysis Technical Indicators : - 1H Fair Value Gap (FVG): Current price is within the 1-hour FVG, indicating a potential short entry point. - MACD Divergence: A bearish divergence between the MACD indicator and price action suggests weakening upward momentum. - Cumulative Volume Delta (CVD) Divergence: Bearish CVD divergence indicates increasing selling pressure despite rising prices. - Ichimoku Kijun Levels: Price is above the 1H, 4H, and daily Kijun lines, placing it in a relative premium zone, which may precede a downward correction. Fundamental Factors : - Fear Premium: Recent price increases are attributed to geopolitical tensions, such as conflicts in the Middle East, leading to a 'fear premium' in oil prices. - Bearish Macro Outlook: Rising U.S. oil inventories and weak global demand projections, especially from China, suggest a bearish outlook for oil prices. Trade Parameters : - Position: Short USOIL - Entry: Within the 1H FVG at current market price. - Risk Management: - Risk per Trade: 1% of trading capital - Risk-Reward Ratio (RRR): 1:2
OANDA:WTICOUSDShort
by Fondera
3
GER 40 Trade LogGER40 Short Position (Discretionary) Rationale : - Overextension: The GER40 index appears significantly overextended without substantial fundamental support. - Rising German Bond Yields: An increase in German government bond yields suggests a shift towards higher borrowing costs, potentially impacting equity valuations. - MACD Divergence: A notable divergence between the MACD indicator and price action indicates a weakening bullish momentum, often preceding a trend reversal. - CVD Divergence: Divergence in the Cumulative Volume Delta points to a disparity between buying and selling pressures, signaling a potential downturn. Trade Details : - Position: Short GER40 via market order - Risk Management: - Risk per Trade: 1% of trading capital - Risk-Reward Ratio (RRR): 1:2 Note: This trade is discretionary and anticipates a sharp correction at market open. Despite the lack of a formal signal, the confluence of technical indicators and macroeconomic factors supports this decision.
PEPPERSTONE:GER40Short
by Fondera
A Look Again At RSI The RSI is beginning to print very bullish horizontal movement that is the print of a bull market The left hand side of this pattern is already printed, with the white vertical line being the middle of the pattern, now what is emerging is the right hand side of this larger structural pattern on the RSI, also indicative of a bull market. Early 2025 is going to be very bullish. Little white circle is where we are now corresponding to the last pattern if they evolve relatively the same.
CRYPTOCAP:TOTAL2Long
by Bixley