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BABA: Bottom's in, now what?The bottom formation is confirmed with rising Accumulation/Distribution and a nice, controlled base at the low. This is evidence of a Dark Pool Buy Zone, aka accumulation zone, where bargain hunting has occurred. But a bottom formation is a sideways pattern first, before it becomes a sustained uptrend. Resistance overhead is strong, so swing traders should be planning their exit strategies at this time, to get out soon profitably if you took the trade as it moved out of the base. Position traders will have stronger entries with lower risk when bottoms breakout to "complete." We have a market that is range-bound for most stocks, most of the time, which can be a difficult market for KEEPING profits. Bottoms provide some of the most lucrative trades, but it's important to follow a set of rules according to your intent for the trade, to get the best results. You can learn more about this at my website.
NYSE:BABA
by MarthaStokesCMT-TechniTrader
[Potential] XRPUSDT: 3-6 Mth Range PlayBITSTAMP:XRPUSD Technicals: - The two Horizontal Trendlines range in Yellow is a good consolidation area albeit quite a wide range - The other 2 Horizontal Trendlines (0.73 and 0.90) are also consolidation areas (good to either TP at those levels or take some off exposures off the table at those levels) Fundamentals: - The crypto space has taken a drastic hit from big capital wipeouts from major selloffs in various asset classes - There is still plenty of fear going on in the market and this bear market may drag on for some time - For Ripple, there is alot of ongoing legal issues that needs to be resolved with the SEC before we can see XRP moon ----- Expecting XRP to keep ranging in the Yellow area for now; watch for bounces off Trendlines to make good use of the XRP buying demand at key levels. We will be waiting for confirmations of multiple confluences before considering this trade setup ready. Patience is the key to success. ----- *This pair outlook is provided on an advisory basis. Any trade decisions made based on this outlook is a personal decision and we are not responsible for any losses derived from it.
BITSTAMP:XRPUSDLong
by weekendanalyst
XAUUSD Price Action BreakdownGold has been in a range for almost two weeks with price bouncing back and forth between 1867 and 1829 (about 37 points). I think that the NFP report will bring in volume to push price out from this major range and could possibly continue the bullish trend on the daily TF. As long as the level of support holds around 1843 or 1838, we could see more bullish momentum as the week comes to a close. For now, I have mapped out some scalp trade opportunities going into the Asian session and possibly the NY session tomorrow.
OANDA:XAUUSD
by dreadhead4_life
SPY Channel Analysis with Levels (Week in Review Part III)POST FOMC MINUTES: 0DTE Credit Spreads, Long Trades, and LONG POSITIONS We must start with the TRENDLINE BREAKOUT that has been on our charts for weeks, and with the FOMC news behind us, the question for Thursday Premarket is do we reverse and drop during the Opening Range (OR) as we have seen so many times post FOMC. THURS: We got our answer pretty quick on THURSDAY with a GAP OPEN and immediate move over the WHITE SUPPLY Zone with the 1st ORANGE-BUY TARGET being hit in the Opening Range. Our AM Session included an Opening Range Breakout (ORB), so we held our LONG $ES_F and sold 0DTE $SPX Put Credit Spreads (PCS) under 3950 for Thursday...both of them printed. Our $SPY Traders still had 405.02 as Targets on their Daily charts from previous levels, and that level was hit immediately following a breach of the GRAY Line (R2-404.60). From there, we looked for a move towards the 2nd ORANGE Line (TGT 2) but SPY just couldn't quite get there. Any long positions cold have used the Daily 405.02 or the Intraday R2 (404.60) as a STOP EXIT for huge gains. SPY pushed almost 9pts on Thursday. FRI: In looking closer to the INTRADAY LEVELS, you need to recognize that FRIDAY's RED SELL TRIGGER was almost exactly where the previous day's BUY TARGET #2 was located. How can a SPY Level go from an extreme upside target to an actual SELL TRIGGER the following day? We cannot give the WHY, but rather just use the levels from our algo and trade what the day gives us. With the GAP OPEN, we cleared above the OVER/UNDER (not shown) and the GREEN BUY TRIGGER (408.57) in the first candle. From there, SPY hit the WHITE SUPPLY Zone early, and our upside targets were 411.02 (white dots from Daily chart) and 1st ORANGE TGT Line at 413. We anticipated the LOWS for the DAY (LoD) were in, so many held long $ES_F and others sold 0DTE $SPX PCS at 4050 and ultimately 4085. It was not until midway through our PM Session that SPY took out TARGET 1 (413) and then set it's sights on the Daily 415.15 (white dotted line) and Intraday R2 at 415.35 --which is EXACTLY where SPY CLOSED!!! What a late day squeeze...this was discussed and expected from the start of Power Hour!
AMEX:SPY
by VeteranWS
1
SPY Channel Analysis with Levels (Week in Review Part II)WED Analysis - the LOOK & FAIL followed by the BREAKOUT WED was a huge day, with the looming FOMC Minutes Release at the 1400 hour mark. We have broken the week down to provide insight into HOW & WHY we trade $SPY - both our ENTRIES & EXITS. WED- RANGE Morning between the WHITE LEVELS (SUPPLY & DEMAND ZONES) Textbook LOOK & FAIL from 10:15-11:15 and the ONLY REASON we did not initiate a LONG POSITION (different from a Long Trade) was the Downward sloping Trendline that we drew weeks ago. This Trendline never gave us a Breakout Signal w/ a close over it and the upper WHITE Line-SUPPLY ZONE was too strong of Resistance when coupled with the Trendline. SPY Returns back to our Intraday OVER/UNDER Line (not depicted on the chart). and flirts back with the RED SELL TRIGGER. There was no close under the RED TRIGGER, so our Thesis was still Long Trades (and possibly LONG POSITIONS) if we broke back up through the WHITE SUPPLY ZONE. Following the FOMC Minutes release at 1400, $SPY finally broke above the TRENDLINE & SUPPLY ZONE by 1420 hours (2:20pm) and we adjusted and closed some longer dated Put Debit Spreads (PDS). WED PM Session gave us an upside Target and we achieved a decent return longing some calls up into the ORANGE TGT1 Level for an INTRADAY / 0dte trade. $SPY/$SPX/$ES_F all closed above their prospective WHITE SUPPLY Zones, so we held some long ES Contracts overnight. PSA- TV would not allow us to publish a 5min Intraday Chart outlining the specific levels & times, so we used a zoomed in 15min Chart... PART III is next, covering Thurs & Friday
AMEX:SPY
by VeteranWS
SPY Channel Analysis with Levels (Week in Review)Last week, we provided a SPY Channel/Trend Analysis for the upcoming week. This weekend, we will break the week down into 2 segments: 1) the move to challenge the upper channel & 2) the $SPY channel/trendline break. In doing this, we will keep the 2 basic Channels/Trendlines on the chart, and overlay them with our Intraday Levels from our algo. This provides a greater perspective into how our preparedness meets the market throughout the week and why our confidence and expectancy in trading are so high. First, we have color-coded our INTRADAY LEVELS for speed in determining direction and postioning. This is our "Legend" if you will: GREEN/RED Lines are BUY/SELL Triggers WHITE Lines are SUPPLY/DEMAND (These are KEY R1/S1 levels with more significance than I will go into here) GRAY Lines are Support/Resistance (R2-R5/S2-S5) ORANGE Lines are BUY Targets (R1 goes to T1 / R2 to T2 / R3 to T3, etc...) PURPLE Lines are SELL Targets (S1 goes to T1 / S2 to T2 / S3 to T3, etc...) SPY INTRADAY- MON & TUES in Review MON- GAP Open and retreated back to the GREEN BUY TRIGGER, then hit WHITE SUPPLY (R1) & ORANGE LINE (TGT1) upside; $SPY was unable to push much over Gray Line (R2), but remained POSITIVE for the day TUES- GAP Down, SPY hit S4/T4 on Tues at 1045am, and put in a bottom...rallied all the way back up to WHITE DEMAND (S1) level and finish POSITIVE for the day
AMEX:SPY
by VeteranWS
SPY Channel Week in ReviewJust a follow up/review from last weekend's analysis on $SPY and a big part of our success is having a plan & knowing what to expect before it happens. Just from the 2 basic Channels (using simple trendlines), you can see SPY was GREEN all 5 days last week. Spy hit the Intermediate Trendline last Friday (5/20) and bounced off there for an expected return to the upper (Minor) level...SPY closed above the descending channel on Wed, following the release of FOMC minutes. From there, we had Targets (white dotted lines) drawn at 405 / 411 / 415.15 / & 420.9. Thursday & Friday achieved the first 3 and these levels were simply drawn from previous key lows. Our next chart idea will actually overlay just 1 of our algo's data on the intraday SPY chart and show you how simple yet powerful are the levels.
AMEX:SPY
by VeteranWS
1
SPX Weekly RangesHere are the past 7 weeks of PVI Volatility Ranges for SPX . The Ranges are computed every weekend from a myriad of data points and ratios (Index, Volatility variations, SKEW, HV, IV, etc...) We compute the ranges on the weekend, along with our roadmap & Game Plan for the week ahead. Some of us enter their first tranche on Sunday nights or early Monday (depending on confirmation from Futures ). We do NOT sell fixed Deltas for our credit spreads, but rather utilize the data driven from our volatility algo for the specific Index (primarily SPX ). The PVI Weekly SPX Credit Spread portfolio is up just over 47% YTD with 20 straight weeks of profits and zero drawdowns. The ranges have been breached 3 times since the start of 2021 (by an amount greater than 10 SPX points). The system is NOT designed or programed to be perfect, it is to provide us with the most competitive SPX weekly Range with the highest VALUE between Premium & Expectancy
SP:SPX
by VeteranWS
4
ETH/USDT : Broken below the local S/R zoneBINANCE:ETHUSDT 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! $ETH has broken below the S/R zone and if we get the retest into the S/R zone, Then it'll be a great opportunity to locate our Short into it... Based on that, I wanted to point out that this position is for those who didn't get the chance to join on the first short at $2200! If it squeezes that's fine... Invalidation is clear, It's been marked above the latest bearish master candle we have at $2075. Entry Points : $1960 - $1975 - $1990 📍Targets : $1910 - $1850 - $1800 - $1720 - $1600 🟥 Overall stop-loss : $2075 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 with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
37
ALICE/USDT : Failed to hold the breakout!BINANCE:ALICEUSDT 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! $ALICE has a breakout on $2.96's resistance and holds above the broken line and it causes the line to change from resistance into the S/R line. But It didn't take much time and got rejected below it. Now based on our data, The failed breakout attempt has low volume and it comes with a bearish setup opportunity! There're four factors to look for : - Fake pump with low volume - Back to the range - Invalidation above recent high - Target to range's low I'm going to locate my Short into the S/R zone with an invalidation above $3.36 ( Active management ), With two major targets; - Range's Low at $2.09 - Possible Local low at $1.06 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 with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
16
BTC/USDT : Two possibilities to Short the movement!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! Recently we called a Short position on $40350 and it turns out with a great result! Now $BTC has pulled back from the Range's Low And it has reached the Range's mid. Based on our data, The First Short position has come with an opportunity to take at Range's mid with an SL above our last rejection line at $40320. And the Second opportunity will be created if we get the closings below $38100. Then you can locate your Short with an active SL above Range's mid at $39200. ( Active means that we need those candles close to triggers our SL ) The last word, If we get caught on SL, Then I'll be looking for possible Long above Range's high. Also, there'll be another Short Possibility at Range's High. That's why I didn't mention further information... 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 with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
30
NEAR/USDT : Consolidating into a RANGEBYBIT:NEARUSDT 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! $NEAR has formed a wide range channel which has held the pair for 25 days. Now it has gained bullish momentum once again as it's broken above the range's mid! But so; As we all know, There'll be always fake-out or deviations... In terms of possible rejections, I just mentioned the two possible scenarios to trade with : - Be noticed that both of them need active management with tight SL and multiple targets! 📈 Bullish scenario: Currently the most possible scenario is to face more bullish continuation, In this way; If we get closings above the mentioned S/R line at $15.1, Then you can locate your Longs on a proper retest of the broken marked line. - Be advised that the SL should be located below the Range's mid with active management! 📉 Bearish scenario: $BTC has reached one of the main S/R lines at $40600, As it consolidates below the resistance; There'll be always a chance of quick rejection into yesterday's lows... In terms of rejection; If we get closings below the Range's mid at $14.7, Then you can locate your Shorts on a proper retest of the broken marked line. - Be advised that the SL should be located above the S/R line at $15.1 with active management! 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 with their vision. Have a good day! @Helical_Trades
by Helical_Trades
17
BTCUSD Weekly Bear Flag!Looking at BTCUSD on the Weekly TF (LOG) It was apparent that LT Trend touch attempts were made by the Bears after ATH levels had been locked in. With the current Weekly Bear Flag formed within the current Ascending Range, I am questioning whether another LT Trend retrace is in play. Noted there is some strong Support to break and hold BUT as former ATH (20k region) has yet to be retested since it broke in DEC 2020 and LT trend has been untested since MAR 2020 I feel it is a great target if Range & Former Support is broken. RSI is rallying off Short Term uptrend but if this breaks then the last sign of momentum support is off the 42.00 region as this has proved pivotal in years past. If the current range holds and the Bear Flag is to fail then I am looking for another rally within Weekly Range back towards ATH and Upper Range Resistance. RSI will break above the 50.00 Midway and break its LT Downtrend. Descision time is close IMO. What are your thoughts on the LOG Scale? "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
BITSTAMP:BTCUSDShort
by Trader_Johnni
1
WABIBTC in a range situationHello again guys, As you asked about WABIBTC, this chart has a down trend movement and lacks sufficient liquidity on it. So most of the time it would be range with a bearish outlook. Currently price reached a support area and we can expect to have a bullish movement( it can occur with just a shadow ) to the top of our trend line. Finally I recommend you if you hadn't invested or traded on it yet, think more about it because there are better trading opportunities on crypto. Good luck.
W
by Brian_Philips
1