NASDAQ INDEX SHORT TERM ANALYSIS (A CALL OPPORTUNITY!!)The total evaluation for the NASDAQ chart is concurrently bearish over the past few months, but remained bullish in an overall decades of terms. Please be mindful of your risk management and trade accordingly with fundamentals and proper market structure (this includes familiarity towards candlesticks, indicators, etc.)
There is a very good chance we will pump right above the point of control where the volume is at its strongest, this is called a "REACTION RALLY" to the dump we just suffered the past weeks. This is especially stronger since we are sitting on a support that we just bounced around June and May 2022, this is the 3rd back-test and re-test which can serve as a strong notion for a long/call position. Simultaneously, this pump can also push crypto to 19,800$-20,200$ and ETH to 1,720$-1,750$ only fo r EVERYTHING TO GO DOWN conveniently on a bad CPI report on September 13.
Quite coincidental am I right? Its approaching resistance and there's a cpi report, maybe too obvious of a pattern for market makers but fear not, I recognized this and wanted to share it to you all!
If you are wondering what are the jitteries on the circles and everything, the full chart can be found in my profile. Its in the same NASDAQ name but in a longer term of analysis, the same information and movement can be similar
to the SP500 therefore it is not necessary for me to make another chart regarding it.
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Like the chart? Comment on it, boost it, bookmark it, save it. Its yours -- for free!
Resistance_level
Amazon tests the resistance levelThe full-fledged uptrend left for correction and testing of the broken resistance at $125. After testing, the trend is likely to continue. With a 10% position volume and a stop bid at $121.50, the risk on the portfolio will be 0.5%. The profit/risk ratio is 3.74.
Amazon's Q2 2022 profits fell, but company executives gave an optimistic outlook for the cloud technology business.
If you're not ready to invest on your own yet, we recommend that you carefully study the Sirius website, read and familiarize yourself with all the information.
GoldI've been looking at that imbalance this week, and now that it has been filled I'm going bearish for Gold.
I believe we can treat this as a resistance.
I'm anticipating the 1703.87 low taken out first.
Then completing the run for 1693.80
We're also around a high for the DXY and we've been taking out consecutive highs there.
I'm using this as a hint for Gold.
Daily BTC to USDT review on 4H intervalHello everyone, let's take a look at the BTC to USDT chart in 4 hours. As you can see, the price is moving above the local downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,710, if the support collapses, the next support is $ 19,432, $ 19,159.
Now let's move from the resistance line, because the first resistance is $ 19,854, if you can break it, the next resistance will be $ 2,0005, $ 20,308 and $ 20,261.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 4H range, and the MACD indicator shows the local upward trend.
USD/JPY: resistance in $138.69 JPYWe see a potential short position in U.S. Dollar/Yen Japanese. Only analyzing in H4 timeframe. Because in the key support it's around $137.60 JPY approx. What we could to put a sell order place between $138.70 JPY - $138.90 JPY. My personal sell order place it's around $138.87 JPY. Stop Loss to $139.40 JPY. And my take profit to $137.60 JPY. We see a potential to find down 127 pips.
Good luck shorting USD/JPY
***Tomorrow we have in our economica calendar the U.S . Consumer Price Index what expect to raise 97.8 pts. But if you analyze the June and July, these past month was a negative trend indicating distruct by part of the U.S. Consumers. Also the FED continue keep interest rates higher in a bid to bring down to surging inflation to hit down 2%.
Daily BNB to USDT review on 4H intervalHello everyone, let's take a look at the 4H BNB to USDT chart as you can see the price is moving above the local downtrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 284
T2 - $ 288
T3 - $ 292
T4 - $ 297
and
T5 - $ 304
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 278
SL2 - $ 273
SL3 - $ 268
and
SL4 - $ 264
Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, while the MACD indicator shows a local upward trend.
$SMMT Next Target PT 2 and higherSummit Therapeutics Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines to treat infectious diseases in the United States and Latin America. It conducts clinical programs focusing on Clostridioides difficile infection (CDI). The company's lead product candidate is ridinilazole, an orally administered small molecule antibiotic that is in Phase III clinical trials for the treatment of CDI. It also offers SMT-738, for combating multidrug resistant infections primarily carbapenem-resistant Enterobacteriaceae infections; and DDS-04 series for the potential treatment of infections caused by the Enterobacteriaceae. The company was founded in 2003 and is based in Cambridge, Massachusetts.
HDFC BANKOur Yesterday Target Complete🎉🎉🎉
Now we wait next correction
today HDFC BANK Closed Price is 1468.70
next Resistance is 1472.05
next Support is 1446.70
next position is short position.
SL=1472.05 And TARGET=1446.70
we know target is high
and i think target complete in 2-3 days.
but wait and watch market.
BTC relies on support at $ 23,021Hi everyone.
Today with yellow lines we have marked the channel in which the BTC price is currently moving.
As you can see, we have two important zones:
-first is the support line on which the price is currently based at $ 23,021, then we have a support zone ahead of the price which ranges from $ 20,957 to $ 17,669, if the price drops below the designated zone, we can expect further drops to around 12,000 dollars.
- the second is a resistance zone, we have from $ 24,696 to $ 26,196. A break from this zone may result in further increases towards the resistance at $ 28,754.
Currently, the price on our channel is shifting nicely to the side, which could potentially be used for short-term licks.
Also noteworthy is the CHOP indicator, which indicates that we have a lot of energy, and the MACD indicator, which indicates that we have entered a local downward trend.
Remember, however, that this is not investment advice.
Tue 16th Aug 2022 XAU/USD (Gold) Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAU/USD (Gold) Sell. I'm also leaving the partial Buy trade on for some protection. Enjoy the day all. Cheers. Jim
CME Bitcoin Futures Breakout! 28,000 Next?From May12 - June 12, CME Bitcoin Futures saw a support level of ~28,000, which was broken on June 12 with a GAP lower.
We have recently seen a CONSOLODATION PENNANT, formed with higher lows, and lower highs!
Higher lows: ~18,500 June 30, ~18,830 July 13, ~20,700 July 26. The UPTREND line is drawn from ~18,830 to~20,700.
Lower highs: ~24,300 July20, ~23350 July 22, ~23,000 July 27. The DOWNTREND line is drawn from all 3.
The BREAKOUT occurred once the CME Bitcoin Futures broke through ~23,000!
How to measure upside potential after a BREAKOUT of a PENNANT:
Calculate the distance from the widest point, and add to the BREAKOUT point. This would give us ~28,800.
Why is ~28,800 significant? THIS WOULD FILL THE GAP MADE ON JUNE 12! GAPS tend to be filled before a market makes a pivot!
Takeaways:
Previous SUPPORT of ~28,000 is now new RESISTANCE. This is going to be a difficult level to chew through!
Possible STOP levels for longs:
~21,500 (continuation of UPTREND line of PENNANT.
~Uptrend will be violated if ~20,700 is broken with conviction. This would now be a lower low, which is the definition of a DOWNTREND.
FEEL FREE TO REACH OUT WITH ANY TECHNICAL ANALSYS OR FUTURES QUESTIONS!
WE APPRECIATE OUR FOLLOWERS! LIKE/COMMENT/FOLLOW! ❤️
ZECUSDT is testing the weekly resistance
The price is in the consolidation phase between the monthly and weekly resistance
On the 4h timeframe the price had a breakout and retest the previous resistance as new support.
how to approach it?
IF the price is going to have a breakout from the weekly resistance and retest as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Zydus Lifescience testing Historic ResistanceZydus Life-science at important level of resistance,
the stock took support from historical support zone and has consolidated the down fall with a good stretch of time. It has gone through a good accumulation and has made a good support base.
now the stock has positioned itself to an up move after making series of higher lows from support zone.
the stock has tested historical resistance multiple times during this consolidation.
the stock has given an impressive quarter results beating the estimates. which is the catalyst for the movement.
targets mentioned on the chart is based on fib levels taken from previous high to low levels.
the volume popup is supporting the price action
the stock may retest the B/O and a successful B/O will give a handsome gains with 1:1.4 risk reward.
Tgt 2 is for a medium to long term view.
this is not a call / recommendation.
Please do your own research and drop your inputs in the comment section.
$SPX - Overbought or Trendline Breakout?Technical Analysis (TA)
The daily chart momentum indicators are showing signs of SPX being overbought with 1 of 3 indicators on the weekly showing early signs of being overbought.
We are testing the descending line and there is a possibility of breakout or rejection here.
With daily indicators being overbought a dip to 4080 would be welcomed to reset the indicators for a push above 4200 with more momentum than we are currently experiencing.