Intel - Retest, reversal and rejection!NASDAQ:INTC has been establishing a slight bullish trend over the past couple of years.
A clear trend is the basis of every profitable trade, right? Yes and no. You should primarily focus on trading trends and entering positions during such phases. But Intel is a textbook example of a range bound stock; still there are trading opportunities everywhere. Currently Intel is retesting support and is starting to reverse towards the upside. But please: Manage your risk properly.
Levels to watch: $30, $45
Keep your long term vision,
Philip - BasicTrading
Rangebound
Review and plan for 19th February 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Nifty 50 Analysis based on price actionAnalysis based on price action to figure out how price reacts along with option chain, multiple pattern formation, tried to test Elliot wave too, retracement levels marked as per fib retrace, day low considered as strong support along with 2 resistance level as per Fibonacci. Candle stick analysis. Also used volatility index to figure out the movement of the market and levels it would break. Volume played special role today in breaking the support zone. Price stayed range bound until 1300 hours and then a sharp fall was seen. Expecting a Gap up on Monday with atleast 70 to 80 point and then another reversal.
Will ETH remains range bound between $1400 and $2000 for a bit?$ETH has seen sharp correction from its all time high over $4300 to levels below $2000 now. The current price range is an area $ETH hovered in for over 65 days on its way up to the all time high. Assuming a sense of symmetry is respected, could we see a long period of a range bound sideways market between $1400 and $2000 like we saw during the climb? The video uses channels drawn using the fibonacci retracement levels and tries to make sense of it all. Markets are not deterministic and so outcomes where we see a higher all time high later this year or we pullback to where it all started last December are possible.
Enjoy and hope these tools and analysis we share helps you understand the market better. Remember that northing we say here is investment advice. Please do you own research.
BTC 14000 OR 10800 FIRST??Check out:
1) Last week trade analysis for determining BTC bias -
2) CME BTC Quotes - www.cmegroup.com
Key levels outlined:
1) 10609.5 - June Monthly Mid Range - Thick Black lines
2) 10800 - 3rd Quarter Open - Thick Blue line
3) 11513 - Previous weekly level
4) 11746.1 - Weekly Mid Range
Confluence for trade idea:
1) June Monthly Mid range
2) 3rd Quarter Open
3) Unfilled CME Gap
Invalidation: Weekly close below 10609.5