AUDCHF - Rejection Zones!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
AUDCHF is overall bearish trading inside the brown channel, however, it is now approaching the lower brown trendline acting as a non-horizontal support zone .
Moreover, the zone 0.615 - 0.62 is a strong support zone .
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone and lower brown trendline. (acting as non-horizontal support)
As per my trading style:
Since AUDCHF is around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
If the blue zone is broken downward, then further bearish movement would be expected.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Oversold
Realty Income Corp Set To Move Up Prior To Inflation ReportBased on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 23, 2022 with a closing price of 61.81.
If this instance is successful, that means the stock should rise to at least 63.129999999999995 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 4.728% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 6.7065% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 8.6685% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 35 trading bars after the signal. A 1% rise must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 15.5 trading bars; half occur within 28.0 trading bars, and one-quarter require at least 33.5 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
ETC - Over-Sold Zone!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
ETC is overall bearish trading inside the brown channel, however, it is now approaching the lower brown trendline acting as a non-horizontal support zone .
Moreover, the zone 23.0 - 25.0 is a strong support and demand zone.
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower brown trendline. (acting as non-horizontal support)
As per my trading style:
Since ETC is around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
LYFT: Uplift due?LYFT Inc
Intraday - We look to Buy at 12.19 (stop at 8.59)
Daily signals for sentiment are at oversold extremes. Prices expected to stall near trend line support. We expect a reversal in this move. Dip buying offers good risk/reward. A higher correction is expected.
Our profit targets will be 22.86 and 29.00
Resistance: 23.00 / 45.00 / 66.00
Support: 12.00 / 6.00 / 3.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NZDCHF - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for NZDCHF .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
LTC: Buy dips!Litecoin
Intraday - We look to Buy at 52.41 (stop at 51.17)
We are trading at oversold extremes. Trend line support is located at 52.00. We look to buy dips. With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 55.88 and 56.68
Resistance: 55.00 / 56.00 / 57.50
Support: 53.00 / 52.00 / 51.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
GBP-AUD Bullish Bias! Buy!
Hello,Traders!
GBP-USD broke a key horizontal level
As the pair is making a bullish correction
From the depths of the oversold pit
And we are seeing a bullish breakout
Of a horizontal key level
Which indicates that after the pullback
And retest the pair will most likely keep growing
Buy!
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OKTA: Oversold?OKTA
Short Term - We look to Buy at 73.79 (stop at 59.02)
The medium term bias remains bearish. Trading close to the psychological 72.00 level. Support could prove difficult to breakdown. A higher correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 109.67 and 120.00
Resistance: 110.00 / 139.00 / 200.00
Support: 72.00 / 50.00 / 30.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Is NVAX oversold following its earnings miss?A few days ago, NVAX gapped down 30 percent on a large earnings miss. This means that now NVAX is down over 87% from its ATH.
Why I think NVAX is a buy right now
The stock had a minor rally off a long term support level extending to 2020, and has higher lows than during the previous rally off this support level. It is trading at a heavily discounted price/sales of 2.55, far below its peak p/s at 249.16. There is a large upside, with the nearest strong resistance level roughly 50% above the current price.
I'm buying in at around 42.2 with a high risk reward ratio. I'll be targeting a roughly 20% return with a 5% stop.
Bitcoin short-term view - oversold but second leg possibleBitcoin short-term view - oversold but second leg possible
(a) BTC currently at $23.056 - $23.115 (FIB golden pocket) - RSI oversold
(b) a second leg down to FIB 78.6% at $22.807 possible
Maybe we see a bullish divergence from there and some recovery dear Crypto Nation
*not financial advice
do your own research before investing
RSI Overbought & Oversold Strategy
What Is the Relative Strength Index (RSI)?
1. The relative strength index (RSI) is a popular momentum oscillator introduced in 1978.
2. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100.
3. An asset is usually considered overbought when the RSI is above 70 and oversold when it is below 30.
4. The RSI line crossing below the overbought line or above the oversold line is often seen by traders as a signal to buy or sell.
5. The RSI works best in trading ranges rather than trending markets.
$GRAB - Buy with upside of +50% to +90% Technical Analysis
Oversold with weekly William %R and RSI starting to show reversal signs.
Daily RSI crossing above 50 and looking ready to curl upwards.
Price consolidating between $2.60 - $3
Broke out of the wedge.
Price Target
Buy between $2.60 -$3.00 or above $3 for confirmed breakout.
Analyst Price target: $4.6 (
Fib Level Price Target of $5.70 (upside of +90%)
$SXTC - Reversal swing with +50% upsideTechnical Analysis (TA)
Weekly oversold and needs a break above -20 William %R to start a potential mean reversion play to $3.50
Lacks a catalyst so it will be worth waiting until the end of this week to see how price responds to the 1D 50EMA level.
Price Target
Entry: $2.15
Target 1: $3.38
$ATLY - Oversold with +40% upside potentialTechnical Analysis ( TA)
Weekly William and RSI look very oversold so I am expecting a mean reversion to at least 0.20
Daily chart is showing initial signs of the mean reversion/reversal but its not let confirmed on the reversal until we cross the 50EMA.
Price Target
Entry: 0.175 - 20.5
Target 1: 0.25 (+40%)
Fundamental Analysis (FA)
Financial Metrics look good.
$MSFT - Weekly support and continuationTechnical Analysis (TA)
Monthly oversold and Williams %R showing signs of a reversal.
Weekly MA's resistantce broken and held key 100MA as support. Needs to break Monthly 10EMA to show upside momentum.
Price Target
Entry : $281
Price Target 1: $315
Price target 2: $350
Fundamental Analysis (FA)
Strong Quality Screen and metrics.
EURCAD OVERSOLD - BUYThe pair has dropped significantly in the past few months and is oversold on the daily and weekly timeframe.
In addition to that,the price has closed above the support level twice now and has formed a double bottom pattern with bullish divergence on the daily timeframe.
This is a clear indication of a bullish retracement in the coming weeks.
Initial targets are :
1.3300
1.3450
1.3714
Look for entries on lower timeframes with proper risk management.
FILUSDT - Oversold (Weekly chart!)I will keep this brief:
1) Price has dropped over 98% (!) from ATH
2) RSI is as oversold levels, descending wedge forming
3) The falling wedge drawn
4) It has printed red candles for a consecutive 10 weeks. How much more can it drop?
5D BTC pair chart looking nice too
Can the price drop more? Sure. But after a 98% correction? I am willing to say chances are in favor of upside.
TImeframe: Weeks
Return: Don't know
Leverage: 2-3x if you need to use
GOLD Breakout Long! Buy!
Hello,Traders!
GOLD was trading in a loose falling bullish flag
Then the price broke out to the upside
Which together with the fact that gold was oversold
Makes us locally bullish biased
So we will be expecting a move up after the
Retest of the broken level
Buy!
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See other ideas below too!