NASDAQ, Uptrend, Target R1R2Hi traders, NASDAQ is showing the last correction wave C 1-hour frame, which is almost over. The market is bearish, but we will see the market going higher bouncing between pivot point bands going up. Pls remember to check the trend, the price should stay up at the pivot point level and bounce in it, without breaking. If the price goes down the pivot point and then S1, we will be in a downtrend again. Pls, see the pivot point levels in the chart. The market has the last word.
Indicators, MA 200, 20-8 RSI 8 MA8 Bollinger 20, Volume, Pivot points Levels. Intraday Strategy. MACD
Pivot
Pound bottoming?Watching GBP today to see if it can build a base for an upside move. I'm not convinced currently but price action is starting to develop. I'll be watching the pivot levels around 1.232 to see if we can make a nice break higher.
We took a similar trade last week on GOLD which worked out nicely, but remember: There's no need to try and nail the bottom! It's better to wait for price action to develop and show a clear move off the lows, using them as a safe place for the stop loss. Entering now could result in a loss due to a stop hunt, even 1 ATR below current lows in still in risk range.
Check out our site for access to our Pivot Point trading tool!
btcusdtHi every traders
how are you ?
Its my idea about BTC at 4h time frame , I will hope have a good wave in this pivot for future .
HAVE A GOOD WEEKEND
NASDAQ, uptrend Target Midpoint R2,R3Hi traders, the market is going higher.
Pls take a note about this, first of all, we might have a Fib 78%, retracement until 12980, keep checking the trend and the retracement level.
R3 14,656.83
R2 13,984.13
R1 13,740.27
PP 13,311.43
S1 13,067.57
S2 12,638.73
S3 11,966.03
Has potential Potentially looking at AUDUSD for further upside, however the pivot level is acting as good resistance. We may reject from the level to gain some distance before a momentum fuelled move to the upside.
Tricky pair to judge but it has been in a sustained downtrend since April 5th.
Watch to see if we get a clear break through the pivot high or decrement back down, the details of the price action will be key in determining the outcome of a successful trade here.
- Update -
Yesterday's Gold trade worked out nicely and is looking to continue its upside. See linked idea.
EURUSD BULLISH CORRECTONEURUSD is in a strong downtrend but is currently consolidating on the monthly support.
The double bottom pattern and RSI bullish divergence on H4 suggest a short-term retracement.
A break above today's high will rally the price towards 1.07 which is the monthly pivot/50% fib retracement.
Potential bounce Watching Gold for a potential bounce here given the pivot levels, however it has ben in a larger downtrend since April 18th so there's still caution when it comes to expecting a longer term bullish move.
BTCUSD is back to past support on Demarks Yearly S1 pivot. BTCUSD so far this year, the Yearly pivot point(P) is strong resistance, and Demarks Yearly S1 pivot point is support = computer algos are in charge!
(SPY) Bears, the market may move lower: careful of the look backAMEX:SPY
In this video I go over very general market conditions and express my bear case on the SPY using some simple indicators. This is not financial advise and was created for entertainment and educational purposes only. Do not use this video and its contents as a recommendation to buy or sell any type of security, the opinions expressed are of my own and should be taken with a grain of salt. No one person is always right (or wrong)- please do your own TA and DD when making any financial decisions in the market. A stock guru I know once told me "price action is king" and I took it to heart. Ignore the noise, be simple, look at the chart and let it speak to you.
The video is really only supplemental information to pair with the post below (which is much more detailed):
The SPY is coming off a very strong bearish candle close at $412.
This marked a range from the previous 4 months with a top of range of $479.98 - closing the month of April's candle -14.33% or -$68.77.
This 4 month move countered 8 months worth of price discovery - or in other words, a 1 year reset button was just pushed. Rewind.
Monthly Time Frame:
Stochastic shows neutral, room for buyers and sellers
The 200 is trading below the 50, signaling a bull market - don't isolate this thought though
The monthly candle that just closed pushed well past the 12 EMA - which acted as support on the previous 3 months candles (as seen as a slice of the candle wicks/shadows)
Weekly Timeframe:
Stochastic shows oversold slightly. On this time frame the SO seems to be much more sensitive on the oversold side than the overbought. Bears should keep this in mind when considering short term reversals or lookbacks.
The weekly candle printed below the 50 SMA, 12/26 EMA, but above its 200 SMA. The 50 SMA (low) attempted support but ultimately failed.
The Daily print closing below closing levels of April 2020
There was also a 12/26 EMA cross under that developed in the last daily print - this could signal a stronger downside that is to come.
3 Day Time Frame:
Very similar to the weekly with one big difference lying in the 12/26 crossunder which happened Feb 10 and a look back rally that pushed through (but failed to maintain) in late March.
May Sept Dec 21' and Feb 22' all produced similar 3day prints that were follow by a bull rally - do be careful of these rally periods as the SPY continues its downward trend as they will come because the price never goes straight up or down.
The Stochastic is again showing signs of being very sensitive to oversold conditions. Oct 21', Jan Feb and March 22' all show a rally after touching the oversold mark.
1 Day Time Frame:
This is where the picture becomes a little more clear IMO.
The daily print is now below the 200 and 50 SMA set, and the 12/26 EMA still - both the 12 under the 26 and 50 under the 200 - technically a bear market (unlike the 1M, 1W, and 3D showing the 50 over 200)
The first overhead EMA is the 12 which could be looked to as resistance upon a lookback. The 50 SMA (low) should also be noted, as it seemed to have provided support April 12th - 18th. This support is now considered resistance.
Stochastic showing oversold, and again showing sensitivity to these conditions as compared to its counter
This is IMO the most important line of support/resistance you can find - not just for the SPY but for the entire market. The ULTIMATE crash will come with confirmation of the break below. Mark this line on your charts and consider it for the future. This is the bottom of 08' that created support, switched to resistance in 11' which confirmation of its strength in 18' and 20'. It was only during a recovery(?) that it was broken. Time will tell if resistance is now support - we do not know yet because it has not been tested. My gut says it will provide some, but very little resistance when the time comes.
This is what that line looks like relative to the daily for context - the current price is roughly $20 away of -5% from this line of "assumed" support. This is not a hard feat IMO for bears to look at as a price target in the short term.
This would be in the $390-400 range.
If you consider the 3 day chart in relation you will notice the 200 SMA set has a H-C-L of 387.26, 382.71, 376.92, respectively. This could be a lower PT that bears could be looking to.
Additional levels to consider to the downside would be a range of 405-411 in the near short term. Really, considering the gap found on April 1st to April 5th that range could be extended to 400 before support could start to be used. There is no real structure here though, the next structure is found in the lower 390s.
Lookbacks could happen at any time, but patterns lately show lots of doji and morning star reversals that tend to give us a heads up. Again, nothing goes up or down in a straight line.
Lookback levels I would consider would be on the Daily time frame at the 50 and 200 SMA sets
50 SMA: 437.19, 433.28, 428.68
200 SMA: 450.98, 448.15, 445.13
Also, I would consider the pivots at 437.20 and 461.55 as resistance in the case of a rally
Conclusion:
I expect continuation of bearish pressure with short lived look back rallies. The market overall IMO is not topped out just yet and we very well may see higher highs before lower lows in the short term. Even though I do think a crash is imminent, I do believe there is room for bulls to take short control. Mainly do to oversold conditions that show lots of sensitivity. That said, there is also no indication of a bottom just yet either. Almost all signs point down. Remember, and this is the last time, nothing goes up or down forever - expect turbulence. I think the SPY will go down to $400 to at least test, and perhaps even lower to the 370s before a bottom is found.
You all have a wonderful trading week and best of luck to all those in the market!
BTCUSD, Uptrend, Target R1,R2Hello traders, the price bouncing on the MA200, the price is over the pivot point, it might go up until R1 or R2. Pls, remember to check the trend. The prices could retrace until the inmediatly last band, bouncing, and then continue the trend. If the price breaks down the pivot point we will go in short. (downtrend)
Indicators MA 200, 20-8 RSI 8 MA8 Bolliger 20, Volume, Pivot points Levels. Intraday Strategy. 1-hour frame.
R3 44,541.71
R2 42,146.65
R1 41,292.93
PP 39,751.59
S1 38,897.87
S2 37,356.53
S3 34,961.47
Demand line interactionWatching as price interacts with the demand pivot level. We've had a couple of bounces over the past 24 hours but this time we seem to be decrementing the level slightly.
Get access to our Pivot Points Tool today! - Link in bio
NZDCAD BUY TRADEBullish divergence coupled with strong price rejection on the support indicates a pullback will happen.
A break above the short-term resistance will open the way to 0.86300.
Supply-Demond zone on live Bitcoin chartI mark supply and demand areas based on pivot points and the last candlestick before the main movements
Reason for marking supply and demand area:
1-There is Range inside these candles, after which the market has decided to move
2-And another reason to mark these candles is that banks and major market players in that area have orders.
Reason for marking liquidity line:
Steps below the swing
Market needs to change trends to liquidity
NASDAQ, Downtred target S1,S2. Intraday StrategyHello traders. The price action is going down. It shows a lot of band resistances on top of the price, and also it shows pretty good volume to keep the downtrend.
Important take a note about this. Check the trend, and confirm the downtrend when the prices bounce on Pivot Point down up. Controlling that the market doesn't reject the levels.
Indicator MA 200, 20-8 RSI 8 MA8 Bolliger 20, pivot points (last day, and 3 days back, last day included).
R3 14,365.20
R2 13,927.20
R1 13,640.40
PP 13,489.20
S1 13,202.40
S2 13,051.20
S3 12,613.20
HowTo - Find REAL Pivot/Swing Highs & LowsWant to avoid unnecessary stops and find REAL market structure? Here's you can improve, hiding your stops, and identify a REAL turn in the current flow of price.
Questions?
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SPX500 is still in an uptrend, target R1-R2. Intraday Strategy Hello traders. SPX500 is still in a downtrend but it might have an upward for tomorrow.
RSI 8 MA 8 is showing an oversold signal, in 15m,30m,45m, and 1-hour frames, this is why it might have an uptrend for tomorrow, following the Resistance, Supports and Pivot levels results.
Important take a note about this. Check the trend, confirm the uptrend when the prices cross the Pivot Point over up, and then R1, and finally the MA200. Controlling that the market doesn't reject those levels, we might get some profits with it.
Indicator MA 200, 20-8 RSI 8 MA8 Bolliger 20. Intraday Strategy Pivot Point Levels
R3 4,686.00
R2 4,557.20
R1 4,472.80
PP 4,428.40
S1 4,344.00
S2 4,299.60
S3 4,170.80
BTC/USDT : Last bearish level to use ! BINANCE:BTCUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
$BTC has reached the $42400's resistance zone and it becomes with great opportunity to take Short on $BTC.
$42000's is the weekly level that we pointed to recently...
So This's the reason Why I comes-up with a Short again !
Also, Exchange Flows had a huge drop in address count since beginning April 2022.
"Historically, a huge drop in address counts (inflows & outflows) lead to a significant price correction for $BTC."
Trading setup :
🔻 Entry Pointes : $42000 - $42400 - $42800
📍 Targets : $40600 - $39200 - $37000 - $35000
🟥 Overall stop-loss : $43700
Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Nasdaq still in uptrend, target R2. Intraday StrategyGood morning, the technical indicators, MA200-20-8, Bollinger 20, RSI 8. Shows the uptrend, considering the target for today at R2. Be careful still the signal for dropping prices because now it is overbought, but the uptrend is strong.
Pivot levels. Pls Remember check the trend with the pivot level, if the prices break the pivot. the trend might change.
R3 R2 R1 PP S1 S2 S3
14,874.20 14,462.50 14,276.70 14,050.80 13,865.00 13,639.10 13,227.40
$F Ford… It’s Not Going to StopI cannot stress enough how much Ford is undervalued right now. They report earnings on April 27 and forward guidance that for the first time will include their new Ford lightning truck EV
Tesla, Long trade, target R1-R2 $1021-$1039Technical Analysis
Frame 30 minutes is showing some good reasons to go in long trade for tomorrow.
RSI 8, Ma 8, are in 60%, the prices are over the BB 20 basis, $999.46.
But there is another signal, showing the prices will drop at the end of the day. So, it is important to take the profits and set the positions to go in short trade as soon the signals change to downward.
The results, of the Intraday Strategy. Pivot levels
R3 1,063.35
R2 1039.13
R1 1,021.84
PP 997.62
S1 980.33
S2 956.11
S3 938.82
SPX500 uptrend during day, downdtrend at the end of the day!Good morning, Frame 30 min. The technicals indicator, RSI 8=54%, MA 200-20 and 8, show we might have an uptrend, target R1, R2. but also, we might have a downtrend at the end of the day (S1)
Intraday Strategy
R3 4,492.20
R2 4,442.00
R1 4,423.00
PP 4,391.80
S1 4,372.80
S2 4,341.60
S3 4,291.40
NASDAQ, 30min frame. uptrend prices. Target R1,R2Good morning traders: Technicals indicator says that today we might have a nice uptrend, target R1, R2, $14,066, and $14,170. Also, the indicators show the price will drop at the end of the day. (S1)
Intraday Strategy.
RSI 8, 52%
R3 14,442.90
R2 14,170.20
R1 14,066.60
PP 13,897.50
S1 13,793.90
S2 13,624.80
S3 13,352.10
Tesla, intraday strategy, Pivot point (PP)$993Hey there, if you are waiting for buying, this could be an interesting strategy, considering the pivot point (PP), support (S1,S2), and resistances (R1,R2)
For the next 2 days, we could have an upward. Let's take a look at these band's results, intraday analysis
Target $1023 until $1054, controlling the stop loss at $993 or $962.
R3 $1,054.34
R2 $1,023.82
R1 $1,004.41
PP $993.3
S1 $973.89
S2 $962.78
S3 $932.26
