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SWING IDEA - REDINGTON LTDA potential swing trade opportunity in Redington Ltd , a leading distributor of technology products and supply chain solutions. Reasons are listed below : The stock has broken above a significant resistance zone of 180-190, and it has successfully retested this level, indicating potential upward momentum. Redington Ltd recently broke out of an ascending triangle pattern, suggesting a bullish continuation pattern. A hammer candlestick has formed on the weekly timeframe, indicating potential bullish reversal sentiment among traders. The stock found support at the 0.382 Fibonacci level, adding further confirmation to the bullish outlook. Redington Ltd has broken out of a 3-year consolidation phase, signaling a potential shift in long-term trend direction. The stock has been forming constant higher highs, indicating a consistent uptrend. Redington Ltd is currently trading above both the 50 and 200 EMA on the weekly timeframe, suggesting sustained bullish momentum. Increased trading volumes have accompanied the recent price movements, validating the strength of the breakout. Target - 242 // 288 StopLoss - weekly close below 187 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:REDINGTONLong
by Visionary_Growth_Insights
Bearish Reversal Setup for BNBUSD - Targeting Key Support at 472Description: In this daily analysis of BNBUSD, several bearish indicators suggest a potential decline towards the $472 support level: Bearish Divergence on RSI: The RSI is showing bearish divergence, forming lower highs while the price has formed higher highs, indicating weakening momentum and a potential trend reversal. Resistance at $607 - $628: The price is currently facing strong resistance within the $607 - $628 range. This resistance zone has previously acted as a supply area, and the recent rejection indicates that sellers are in control. Double Top and Descending Triangle Formation: The recent price action suggests a potential double top formation around the $620 level, coupled with a descending triangle pattern, which are both bearish signs. Price Target at $472: If the bearish scenario plays out, we can expect the price to move towards the key support at $472, which represents a strong area of demand. Trading Plan: Entry: Consider a short entry if the price breaks below $593 or on a confirmed retest of the resistance zone. Stop-Loss: Set a stop-loss above $628 to manage risk. Target: The primary target is $472, with potential for further movement depending on market conditions. Remember to manage your risk appropriately, as market conditions can change quickly. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research or consult a financial advisor before making trading decisions.
BINANCE:BNBUSDShort
by Ayrop-Dev
SasanSeifi|Is a Move Towards the 0.00800 Target on the Horizon?Hey there, ✌ BINANCE:BOMEUSDT In the 10-hour timeframe, as you can see, the downtrend line has been broken and the price is currently trading above the EMA60 and around the high of 0.0006700. The outlook is more bullish, and it is expected that after a minor correction and a possible pullback, or if the price breaks above 0.00680 with momentum and stabilization, it may rise towards the target of 0.00750 and the bearish order block level at 0.00800. To better understand the ongoing trend, we need to observe the price reaction at these levels. ⭕ The key support level is at 0.00600. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
2024-09-25 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr Indexes - Yesterday I promised you the breakout on Thursday and boi did we get one today. Problem for the bulls is, that they could not trap bears and they also could not close at the highs. That means, that the directional probability up or down is once again 50/50 (neutral). Most bull channels and wedges are still valid but if bears would have given up, we would not have seen 50-75% retracements of the leg up. Still bullish until bears print lower lows. dax futures comment: Big breakout, no more guessing about the direction. Now it’s a matter of how high can it get? It’s obviously a short squeeze and a stupid rally based on nothing but bear pain. Does that help you trading? No. There are several measured move targets and the next best one I have is 19600. Does not mean we have to get there but it also does not mean we can not hit 20000. Yes. 20000. Why are you still doubting this madness? current market cycle: broad bull channel key levels: 19000 - 19600 bull case: Bulls did it again. Most of the move happened during Globex and probably left many traders out of the market and had them chasing a second leg all day, which they got. Bulls did 4 clear legs up and that should be enough for now. Bulls kept buying the 15m 20ema all day and they also closed the EU and US session at their respective highs. You have absolutely zero reason to assume the highs are in. Look for pullbacks to get long until bulls clearly have no interest in higher prices. Invalidation is below 19250. bear case: Bears are in a world of pain. Every macro schmackro indicator points to a German recession and the auto industry is giving out warnings on earnings. Nothing makes sense from a “logical” standpoint. Welcome to trading. The sooner you realize this is a giant casino, the quicker you learn to let go and don’t care about this stuff. You have to trade your strategy and manage risk. Bears have nothing going for them and would need to get below 19250 before they have any case. Can this be a giant bull trap and we reverse strongly over the next 1-5 days? Everything is possible. Can you short this? Only if you want your account to be blown. Invalidation is above 19500. short term: Max bullishness if we stay above 19250. 19600 is my next best target before we can talk about the most insane of all targets, 20000. medium-long term: Can not hold any bearish outlook on this breakout. Need to see the next pullback to calculate new targets. current swing trade: None trade of the day: The buying during Globex did not stop and the 15m 20ema held all day. Not one pullback dropped below the previous one. Just a very strong bull trend day and you can buy anywhere and make money if you hold. Sounds easier than it is, I know.
EUREX:FDXSZ2024Long
by priceactiontds
2024-09-25 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. tl;dr Indexes - Yesterday I promised you the breakout on Thursday and boi did we get one today. Problem for the bulls is, that they could not trap bears and they also could not close at the highs. That means, that the directional probability up or down is once again 50/50 (neutral). Most bull channels and wedges are still valid but if bears would have given up, we would not have seen 50-75% retracements of the leg up. Still bullish until bears print lower lows. nasdaq e-mini futures comment : Current narrative is that hedge funds are continuing to sell tech. You don’t need to know that. You can see it on the chart. The bear gap got smaller but is still open while other markets making daily new ath. Given the current overall market environment, I doubt bears can keep this selling up and market below 20600. Bulls printed the 4th consecutive daily bull bar. At some point one side will give up and I heavily favor the bulls. Bulls had the strong Globex bull breakout but the selling spike from the US open was unexpected and a big surprise in strength. Bulls pulled back exactly to the 50% retracement afterwards. Key level for more upside or more downside. current market cycle: Most dominant pattern is the broad bull channel and the nested bull wedge with the August and September lows. key levels: 20000 - 21600 bull case: Bulls want the retest of 21215 and have all the arguments on their side, once they close the bear gap to 20670. We are in W3 of this current bull trend and the measured move from W1 is around 21000. If you only look at the daily chart, do you honestly go “I want to sell this”. Ofc not. You want to get long. Only below 20000 many bulls will begin to doubt the strength of this move up. Invalidation is below 20000. bear case: Bear gap is the last argument for the bears but it’s so weak, I expect a give up bar tomorrow to close this week max bullish and have a clear buy signal going into next week. Not saying bears can not have a miracle reversal like they did on 2024-07-11 or 2024-08-22. Invalidation is above 19670. short term: Max bullish if we stay above 20000. Targets above are 19700 and then 21000/21215. medium-long term: Outlook was wrong. Bulls are currently having another shot at retesting the peak bubble highs to make another one. If we get there, it could be the short of a decade opportunity. current swing trade: Nope trade of the day : Long during Globex obviously where market held above the 5m 20ema for 270 points. Selling the US open was obviously the best trade but difficult imo. Market rallied so hard, that strong of a reversal is not common.
CME_MINI:MNQ1!Long
by priceactiontds
USD/JPY Under Pressure: Weak Yen and Anticipation of US GDP!USD/JPY is receiving particular attention due to the weakness of the Japanese Yen (JPY), influenced by expectations that the Bank of Japan (BoJ) will delay further rate hikes. The minutes of the BoJ’s July monetary policy meeting revealed a consensus among members on the need to remain vigilant regarding inflation risks. While some members indicated that a rate hike to 0.25% might be appropriate, others suggested a moderate adjustment to monetary support. From a macroeconomic perspective, traders are focused on the release of the annualized US GDP for the second quarter, scheduled for Thursday. The dollar's performance is being hindered by the increasing likelihood of rate cuts by the Federal Reserve by the end of the year. According to the CME FedWatch Tool, there is about a 50% chance that the Fed will reduce rates by 75 basis points, bringing them to the 4.0-4.25% range. In terms of resistance, the level of 149.40, the highest in the past six weeks, represents a potential target for the USD/JPY rally. On the support side, the first significant level is around 144.00, which coincides with the upper boundary of the previous descending channel. A break below this level could restore the bearish bias, with the next target around 139.58, the lowest point since June 2023.
Short
by Forex48_TradingAcademy
1
WTI Price Outlook: Key FactorsThe price of WTI is hovering around $69.60 per barrel, remaining at relatively low levels compared to recent peaks. However, several signals suggest a potential reversal towards an upward trajectory. The reduction in U.S. crude oil inventories, reported by the EIA, was significantly larger than expected, with a drop of 4.471 million barrels compared to the forecasted 1.2 million. This signal of shrinking supply could exert upward pressure on crude oil prices. On the other hand, the effectiveness of recent economic stimulus measures adopted by China, the world's largest oil importer, remains uncertain. If these measures fail to stimulate demand, crude prices could face downward pressure. Additionally, rising tensions in the Middle East, particularly after an Israeli airstrike that killed a Hezbollah commander, increase the risk of a potential supply disruption from the region. From a technical standpoint, WTI is currently in a consolidation phase. If prices manage to break through the key resistance level around $70-72 per barrel, a bullish breakout could occur, supported by increased trading volumes.
TVC:USOILLong
by Forex48_TradingAcademy
1
2024-09-25 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr Indexes - Sideways. I won’t write much about this. Markets refuse to go lower but also not much higher. Best now is to wait for the clear breakout that will likely happen this week. I have zero bias to which direction it will go. I am not a fortune teller. Both sides have reasonable arguments, despite this being one of, if not the biggest asset bubble in history. comment: Market continues to contract. Many lines on my chart but all of them are valid until broken. Will see a bigger breakout tomorrow and or Friday. current market cycle: trading range key levels: 19000 - 19200 bull case: Bulls are somewhat very slightly favored since we are making higher highs and higher lows but barely. Not much changed since last Thursday. We are near the ath and market refuses to go down. Structure on the daily chart has potential for a breakout above. Wait for it to happen or scalp small. Invalidation is below 19000. bear case: Bears try but once market begins to stall they are out. Their only objective is to keep the market below the ath or near it. Not much more to say until they print something below 19000 again. Everything below 18800 would be amazing for the bears and would probably end this bull move. Invalidation is above 19250. short term: Neutral and waiting for the breakout. Bulls want above 19250 (roughly 19100 on xetra) and bears below 18800. Everything in between is a dead zone where market is in balance. medium-long term - Update from 2024-09-01: 4 Months left in 2024 and I do think the market is in a trading range where the upper area is around 19000 and the lower area is probably 17000 or 16000 if something bigger comes up. Since we are at the very top, I expect the market to go some sideways before trying to go down again. Next 2000 Points will be made to the downside but it’s too early to short this. current swing trade: None. trade of the day: Buying 19000 or shorting near 19100. Bear trend line from 19195 was decent to short.
EUREX:FDXSZ2024
by priceactiontds
2024-09-25 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well. tl;dr Bitcoin - Look at the daily chart. Absolutely in balance is what this is. Please see my weekly outlook for more info. comment: Did not change anything from my weekly chart since market is doing nothing. You don’t see a market printing 6 of those bars very often. Be prepared for the breakout. current market cycle: trading range (again a triangle on the daily chart) key levels: 57000 - 65000 bull case: Bulls had 3 legs up and moved sideways since. No side has an advantage here. Bulls need to get above 65000 for 67000/68000. Don’t try to analyze more than there is to it. Invalidation is below 61500. bear case: I won’t bore you longer. Bears need to get below 61500. Invalidation is above 65000. short term: Neutral as can be. medium-long term: Down to 40000 (could take 1-3 months). Could also drop to 20000 again but let’s make 40000 first and see how many want to buy there. —unchanged since March, obviously updated the time range which was 6-9 months before. current swing trade: Nope trade of the day: Clear support and resistance. Either scalp it or set up alarms and don’t look at it until they go off.
CRYPTO:BTCUSD
by priceactiontds
BTC - Bearish Pressure Ahead!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per our latest analysis, BTC has rejected the $50,000 - $52,000 support zone and has been trading higher since then. However... BTC is currently approaching the upper bound of the red channel. Thus, for the bulls to remain in control, a break above the upper red trendline is needed. In this case, a movement towards the $70,000 resistance would be expected. Meanwhile, BTC would be bearish medium-term and can still reject the red trendline for one more leg down. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
Gold Price Analysis September 25Fundamental Analysis Gold rose to a fresh record high of $2,670 an ounce on Wednesday after a surprise drop in U.S. consumer confidence data on Tuesday raised expectations of more aggressive policy easing and deeper interest rate cuts from the Federal Reserve. Lower interest rates are good for gold because they reduce the opportunity cost of holding non-interest-bearing assets, making it more attractive to investors. The People's Bank of China's biggest stimulus move since the Covid pandemic announced on Tuesday, which included steep cuts in borrowing costs as part of a package of measures to revive the slumping economy, also supported gold prices. Escalating tensions in the Middle East after Israel resumed bombing Hezbollah targets in Lebanon further boosted safe-haven flows into the yellow metal. Technical Analysis Gold is sideways in a narrow range and waiting for clear buying and selling forces at the support level of 2650 to see how the price reacts when the US session enters. If it cannot break through 2650, a new ATH can be established today. Pay attention to the resistance zones at the top of 2670-2680 and see the price reaction in this zone to SELL. Important support is at the 2640 zone Trading signals BUY GOLD zone 2650 SL 2645 BUY GOLD zone 2640 SL 2635 SELL GOLD zone 2670 SL 2675 SELL GOLD zone 2680 SL 2685
OANDA:XAUUSD
by TVS-Trader
SUPPORT AND RESISTANCEToday, I'm focusing on a potential sell opportunity in XAU/USD. The recent price action indicates that gold may be facing resistance around the $2640 level, where it has struggled to maintain upward momentum. Additionally, with rising interest rates and a strengthening U.S. dollar, market sentiment seems to be shifting towards bearish for gold. Technical indicators, such as the MACD, are showing signs of divergence, suggesting a possible downward trend. If the price breaks below key support levels around $2624, it could trigger further selling pressure. I'm prepared to enter a short position if these conditions align, looking to capitalize on a potential decline in gold prices. Always use stoploss for your trade. # GOLD 4H Technical Analysis Expected Move.
FX:XAUUSDShort
by TradeTacticsreal
2024-09-24 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr Indexes - More continuation of the expected. Bears trying to get lower with some spikes but enough bulls are happy to buy it. We will have a breakout either tomorrow or Thursday because one side will give up. As of now I favor the bulls for another leg up to kill the last shorts. (does not apply to DJI for example, where we basically make new ATH daily) sp500 e-mini futures comment: 1h chart tells the story. Bulls buy every dip but are not finding enough buyers above 5790 to push for 5800. One side will give up soon and I expect it to be the bears. This is the last push bulls have inside the smallest wedge and it’s either breakout above or below tomorrow. Don’t over analyze 50 point trading ranges. Clear support and resistance and you have to buy in the lower third and sell in the upper one until it clearly does not work anymore. current market cycle: trading range (bull wedge) key levels: 5730 - 5800 bull case: Bulls are poking at 5800. Couple more times and bears will probably give up. If we get above 5800, I don’t expect market to stop there. Might as well do a spike to 5850 or so. Look for longs around the 4h ema which is currently at 5768. Every touch has been bought for two weeks. Invalidation is below 5750. bear case: Bears need a lower low below 5750. They manage to print some spikes but no follow through what so ever. I don’t think they will fight 5800 much longer. We have almost daily bad news and market refuses to sell. Get the hint. Probably a gigantic short squeeze coming before we meaningfully correct before the year end rally. Invalidation is above 5810. short term: Buy low sell high inside given levels but breakout will most likely happen tomorrow. Can wait for it and hop along. medium-long term - Update from 2024-09-01: Very much like my outlook in dax. Trading range on the daily chart and we are at the highs. We could make higher ones or not. Does not matter much. I expect 5000 to be hit again in 2024. current swing trade: Nope trade of the day: Buying 5775 and selling 5790. Sometimes it’s not rocket science but still hard to do mentally.
CME_MINI:MES1!
by priceactiontds
2024-09-24 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr Gold - Bull channel from my weekly update was not steep enough. 2700 next. Only look for longs. Can’t stop, won’t stop. comment: Gold broke above my drawn patterns, again. Unreal strength but not unexpected. In my weekly I wrote you should only look for longs. How high can this get? 2700 is almost a given at this point and big round numbers are always decent for a pullback or some stalling. Any long would need a stop 2645 as of now. Can wait for pullbacks to long this. last 10 days has 1 bear bar. Don’t try to be smarter than the market and short it. Although it’s becoming climactic and a pullback is expected, it can go further, so don’t pick tops. current market cycle: bull trend key levels: 2645 - 2700 bull case: Bulls in full control. New low would be below 2645 and that’s far away. I look for pullbacks near ema to long it. Invalidation is below 2540. bear case: Bears want a pullback but will probably have to wait for 2700 now. Best they currently get is to stall the market and make it go sideways. I expect this around 2700 next. There is absolutely no reason to look for shorts on this. Invalidation is above 2710. short term: Max bullishness. medium-long term: Very strong breakout above, again. Market currently has no ceiling. Most likely 2700 next and I do think 3000 could be a potential target if we continue. There is certainly an argument for a measured move based on the bull rally from 2018-08 to 2020-08. current swing trade: None trade of the day: Buying 2650. There were 4 chances where market clearly showed support around that price. Don’t long the first touch of such levels but above the second is good.
COMEX_MINI:MGC1!Long
by priceactiontds
SUPPORT AND RESISTANCE / PRICE ACTIONIn this analysis we are focusing on 30M time frame for XAUUSD. As we know that gold has manage to create a new all time high and the market structure was strongly bullish. So here I'm using simple support and resistance concept along with price action to find out the key levels. And also we are using Fib. Retracement tool to finding a retracement key levels. If market price break the consolidation zone toward upside then we look for buy. But If market price break the consolidation zone toward downside then we look for sell. Any step can be taken after confirmation. Let's delve deeper into these levels and potential outcomes. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. # GOLD 30M Technical Analyze Expected Move.
OANDA:XAUUSD
by TradeTacticsreal
Gold price analysis September 24Fundamental Analysis Gold prices fell after hitting a fresh all-time high around the $2,640 region on Tuesday and slid to the lower end of its daily range heading into the European session. Rising US Treasury yields helped revive demand for the US Dollar (USD), prompting some profit-taking around the commodity amid a mildly overbought condition on the daily chart. However, any meaningful corrective decline in Gold prices appears to be limited after the Federal Reserve (Fed) stepped up bets on more aggressive policy easing. Additionally, persistent geopolitical risks, US political uncertainty and a gloomy global economic outlook will support the safe-haven XAU/USD as traders look to Fed Governor Michelle Bowman’s speech for fresh impetus. Technical Analysis Gold retreats from the 2640 peak. Technically, wave 5 of the Elliot wave has completed and the ABC correction wave is forming towards 2604. If the 2624 zone where gold is currently located is broken, we will get the 2603 level when the US session jumps in. If the European session price cannot break 2625, we will still wait and prioritize the sell side when retesting the 2640 peak. The 2593-2595 zone is considered a good buy zone. Upper resistance: 2640 - 2645 - 2650 - 2658 Support: 2615 - 2610 - 2605 - 2600 - 2688 - 2657 Sell 2654 - 2656. Stoploss 2659 Sell 2640-2642. Stoploss 2445 Canh BUY scalp 2615 Canh BUY 2604 - 2606. Stoploss 2600 Canh BUY 2593-2595. Stoploss 2590
OANDA:XAUUSD
by TVS-Trader
2