Pivot
FSLR daily bearish hammer at local highOrder SELL FSLR NASDAQ.NMS Stop 139.35 LMT 139.35 will be automatically canceled at 20230401 01:00:00 EST
FSLR daily bearish hammer at local high. This time stop loss goes above monthly resistance area and will run into MA 100.
Important levels for EURUSD We expected more upside movement on EURUSD after the low from last week.
However, it looks like the market doesn't have enough strength and we don't have a reason to buy.
The continuation up will be confirmed upon break above 0,9808.
Before that we could see another drop but right now, we don't have a sell signal either.
That's why we should wait for a better setup before taking a trade.
WTI Crude Oil headed for 96?Following a 3-day pullback from 93.64, WTI produced a bullish engulfing candle on the daily chart which closed back above the 20-day EMA. Given the strength of the rally from the 76.30 low, we suspect a corrective low has been found.
The 4-hour chart shows that there was a lot of trading activity around 87.60 since the September low (which marks the volume POC / point of control). But also note that yesterday's low held above a previous bullish engulfing candle on the 4-hour chart, rebounded above the 200-bar EMA and a bullish engulfing candle closed firmly above trend resistance. Prices are pulling back in Asia so we're now looking for opportunities to enter long above the 88.0 area / monthly R1 pivot point, and anticipate prices to retest the 94 highs and head for 96 - or even the high around 97.66.
EURHUF - Good Example of using Pivot PointsI've been trading for over 7 years and I've come to love pivot points! I see pivot points being used constantly and i just wanted to show you EURHUF on a 15 minute chart as an example. When the US market opened they made big moves around yesterday's price level until it hit the first support level. I use pivots to scalp the market so i can compound my longs and shorts to make up for any losses that may have happened!
Pivots are usually only used in day or swing trading on the 1 minute, 5 min and 15 min charts. Zoom out to multiple time frames to check the trend and then take orders only in the direction of the trend to have some confluence going on. Don't just take trades blindly without fully being aware of what's going on. Make sure you read all and any economic news that is out there!!
NOTE: Pivots don't always work but for the most part you can see them being used here in real time.
(This is just a guide to show you how pivots are used, this is not a trading signal)
I don't mind sharing because i want all of us 5% to make some so the big can loose some :)
Simple box to look up down trendA simple box in 20 candle to monitor price
Top is the highest and bottom is the lowest of close in 20 candles.
As close is moving outside this box then the signal is up or down trend.
Code sample:
low_val = ta.lowest(close, 20)
high_val = ta.highest(close, 20)
//Create Box
box bx = na
bx := box.new(time , high_val, time, low_val, xloc=xloc.bar_time, bgcolor=color.new(color.aqua, 90), border_width=1)
box.delete(bx )
EURUSD Completes The RetracementEURUSD has completed the retracement right at our entry suggesting a strong bullish move towards the monthly resistance of 1.01202.
Long orders with take profit levels as highlighted on the chart.
GEO daily beginning of wave 5 uptrendGEO daily beginning of wave 5 uptrend. Stop loss under local low pivot.
Dollar sweeps the floor with the world. 🧹🌎The DXY is cooling off but is the run over? Unlikely in my opinion but I am by no means an absolute master. So take the following with a grain of salt.
Ive noticed people on Twitter have stopped calling for the Dollar top to be in. Including myself when I thought the Double top would lead to a pull back. Little did I know what was actually going on.
Each local top the Dollar has put in, the correction held support right at the top of the Blue Zone on the FIBZIA (.764)
Worth noting that it corrected below all previous local tops but printed HL's the entire way. I dont think this time will be different.
I also do not think the FED will choose to prolong the inflation war and pain to cater to the U.N. who is pleading for a pivot.
High rates are making it hard for smaller countries and economies pegged to the dollar to service their debt and the USD will continue to destroy them while sucking up the liquidity.
If the FED pivots early it hurts America and at the end of the day I think the US will want to retain its status as the top dog no matter what happens to other countries.
Cue the #milkshaketheory
If you have never heard of this term or theory its def worth the 5 minute search.
HD: Double bottom?Home Depot Inc
Intraday - We look to Buy at 285.03 (stop at 271.38)
Buying pressure from 265.00 resulted in prices rejecting the dip. Posted a Double Bottom formation. The reaction higher is positive and highlights a clear reversal. A weaker opening is expected to challenge bullish resolve. Dip buying offers good risk/reward.
Our profit targets will be 328.98 and 340.00
Resistance: 300.00 / 330.00 / 418.00
Support: 285.00 / 265.00 / 150.
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$QQQ new uptrend$QQQ & $NASDAQ new uptrends to watch.
we are right at 50% fibonacci retracement from Covid low to Nov 2021 high.
This uptrend is now our guide. 9.30.22 low of 10,572 NASDAQ now a pivot point.
SBUX - Golden CrossSBUX just had a golden cross! (50day MA crossing above 200day MA). Could still be volatile as the 200day MA will take some time to flatten out and turn up. Stop loss should be about $1 below the recent pivot low of $83
Watch out for earnings nearer end of this month. Could be prudent to take some profits before earnings announcements.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Nice support level with EURCHF on the 30m chartLooks like theres a nice support here which should see a reaction if tested soon. I will set a limit order if we see a nice pullback to this level. Let see what happens.
Happy Trading!
DXY ready for a pivot?In this video I explain why the chances are very present why we can expect a reversal in DXY and BTC. No financial advice, just my perspective on the markets!
True Market Leaders: #1 $FSLR👉Name is holding great through the market sell off
👉The RS line up is showing outstanding relative strength
👉Volume indicator we see a bunch of green and blue (bullish) bars highlighted and not much red and purple (bearish).
👉 Stage 2 indicator is showing early turn and key MAs are starting to point up
Not at a buy point yet but definitely a great candidate to watch!
Double bottom 6h The NQ momentum looks to be slowing to the down side. I don't have a crystal ball so take it with a grain of salt. With the Money flow being really low on the 6h chart, the macd making a cross to the upside, I'm calling a long here or a lil lower after today's session to see where it lands. Small size maybe even micro. Stop is pretty obvious with prior low. If prior low breaks we go lower. If it holds we are bouncing. Double bottom here could be a bigger bounce. I know a lot of bears will try to claw me to pieces but it's oversold. Sure it can go lower so I'm looking for confirmation on the long before I take it. Would like to see some big 30min bull bars and some fast action to the upside to confirm it. Just watching to see what it does. If the low breaks I'm joining the bears to ride it as low as it wants to go. Thanks for reading just an idea. Let's see what happens. Happy trading and good luck.
long term analyze for eurusdhello guys
as you see on chart, eurusd break down two important weakly and monthly pivot and price should touch next pivot that is zone between 0.90-0.82 and if you believe after breakdown price could move as much as range before so its proof that eurusd touch that area again, on the other hands, this pair stays on bearish channel so there is high possibility move downward.
thank you for your attention.
please write for me your opinion!
📉✌BTC Weekly & Daily Analysis✌📈BINANCE:BTCUSDT
COINBASE:BTCUSD
Hi traders, first look at my previous analysis and positions.
According to the volume profile indicator, the price is targeting lower levels in a bearish structure.
Price is anticipated to retest the $19,831 level now that it has been broken.
On a daily basis, it's anticipated that the price would drop down to the level of 19000 and not stay beyond that mark.
The $17,617 price level is the last significant support; it will be where Bitcoin's future lies.📉📈
Please share ideas and leave a comment,
let me know what you think.
CrazyS✌
Is SPX overbought?The key point of this analysis is the strong pivot level on $SPX around the price range of 4100-4150. This area has acted as support and resistance several times this year, which is confirmed by being the area with highest volume on a volume histogram for 50 days, and a volume histogram for 200 days.
Bearish Signals :
Since prices are coming from beneath, this pivot level is likely to act as a resistance level, preventing the S&P from rallying further up.
The 20-14 period regression channel indicator still gives a bearish signal for trend, and the S&P is trading below its SMA 300 (the thick red line)
My RMA indicator shows that there were two days when the stock was oversold recently
According to CBOE, on September 9th the SPX put/call ratio was 1.36, which means there's more puts than calls
Bullish Signals :
From a trend channel perspective, $SPX is currently following a descending broadening wedge pattern, which is generally seen as a bullish signal
There was recently strong momentum, with two gaps, so a breakout could happen out of the trend channel, which would be very bullish.
Overall, it seems more likely to me that this is a bull trap than a bear trap, which will move into a resistance level then reverse down, so I will continue shorting at the current price, but if the price continues to rally to above around 4170, then I will reverse my position into a long, as a breakout could easily pop towards the upside given the strong short term momentum.
AUDCAD Target Price 0.896AUDCAD currency pair is moving as expected. Expect AUDCAD price to increase.
D O G E These are levels that I'll be keeping an eye on when dealing with $DOGE, and I'll revise as price action progresses.
I adapt to the change in money flow.
I can honestly see this crypto going down to $0.01 or less. The rally this P.A. experienced looks parabolic to me, I'm not surprised by the heavy bearish pressure but it's not looking good right now in my opinion.
Since Bitcoin is the needle when it comes to crypto I wouldn't pay that much attention to anything other than BTC. However, I'm publishing this idea to see exactly how it plays out as price action forms.
Any questions feel free to ask! 🙂
