CiplaCipla Breaking out of multiple time resistance zone of 902-905.
Could be bought with mentioned sloss & tgts.
Resistance_level
USDCAD Reversal?USDCAD just had it's highest daily close of 2021 on Friday 17th December, at 1.28912. Daily highs have exceeded this level 3 times this year but each time the price was rejected and the price failed to close above that level.
So as priced has reached the highest daily close since December 22nd 2020, it has entered this area of rejection shown on the chart, while also displaying clear Bearish RSI Divergence as price climbs to the high while RSI slopes down.
While we may be in a new uptrend - creating a new higher low in October and pushing for new 52week highs would suggest so - this looks close to a prime spot for USDCAD to take a breather and see a short term reversal.
That being said, this is absolutely a spot where waiting for some confirmation of a reversal is a must - at the time of writing the momentum on lower time frames is strong, and bulls will have their eyes set on the nice round number of 1.29500, just a hairs breadth above the high of year achieved on August 20th.
$TSLA - Rejected at Resistence Not the best look for $TSLA as we got a rejection off of the diagonal overhead resistance today.
We've got a decent supply zone below but I would avoid going long on this name until we break to the upside or get a bounce underneath.
TatasteelTatasteel is breaking out resistance zone of 1120-1124.
Could b bought with mnetioned sloss & tgts.
Last line of resistance! DOT :(Again, TAKE PROFITS!
Unless you put your money for a very large time you should be learning to take profits, manage your risk and pick the right assets. DOT is still great fundamentally but if it drops form this line it might be like ADA this last 3 months, but hold the logline that is in the previous analysis at $19
*Disclosure: I own DOT spot and not selling everything right away.
Trade like institutions
EURCAD AT KEY RESISTANCEEURCAD has reached a zone of strong previous rejection.
Touching 70 on the RSI with Bearish Divergence and having entered this area of previous rejection sets up for a potential short with tight stoploss above the area of rejection.
CAD CPI numbers came in line with expectation today with a continuation of trend but we're looking short term overbought with very positive risk/reward possibilities for shorts.
NQ Power Range Report with FIB Ext - 12/17/2021 SessionCME_MINI:NQH2022
- PR High: 15878.25
- PR Low: 15812.00
Evening Stats (As of 1:27 AM)
- Gap: = N/A
- Session Open ATR: 341.09
- Volume: 52k
- Open Int: 210k
- Trend Grade: Neutral
- From ATH: -5.5% (Rounded)
Key Levels (Rounded - Think of these as a range)
- Long: 16963
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
IGLIGL broke out of monthly resistance which was rejected multiple times. Finally IGL broke out og it.
Buy with sloss of 495 & tgt of 536.
EURUSD DESCENDING CHANNELGot a descending channel here, My first target is the purple zone, 2nd target is the bottom of the channel.
If you have any questions, leave a comment. Also if you have a different analysis of what is to come, let me know in the comments.
If you like this idea, like and follow my account :) I do weekly analysis for overall direction for the week, every sunday, as well as post daily on daytrades or short term swings I am planning to take.
DO NOT EXECUTE A TRADE JUST BECAUSE A STRANGER ON THE INTERNET HAS A COMPELLING ANALYSIS> DO YOUR OWN ANALYSIS.
US30 BETTER THAN EXPECTED JOBLESS DATAOANDA:US30USD
Today jobless data report was better than expected .
We have US30 at critical support, expecting a bounce from this level and re-test the previous "RESISTANCE" level for the week. at around 35700 range
GBPAUD SELL The market has been trending upwards for quite a while now. Having broken the higher
highs of that bull leg to find major resistance zone. from this point we will have to hop on the
intraday time frames to look out for possible reversal patterns , secondly to look for
possible structure . then finally lower lows and lower highs . that the chance to hop in .
we need confirmations that the market will sell and create trends in the lower time frame
, for us to get involved .
Simple resistane shortThis is a simple resistance bounce setup. There was a significant fall in oil and stocks as well as growth in EUR pairs. I don't believe the move was genuine. More likely, just a squeeze.
$LGVN entry PT 25 Target PTs 43-49 and higherLongeveron stock is up by a multiple of 11 after the FDA gave a Rare Pediatric Disease designation for a heart medication last week.
Longeveron Inc., a clinical stage biotechnology company, engages in developing cellular therapies for aging-related and life-threatening conditions. The company's lead investigational product is the LOMECEL-B, a cell-based therapy product that is derived from culture-expanded medicinal signaling cells that are sourced from bone marrow of young healthy adult donors. It is conducting Phase 1 and 2 clinical trials in various indications comprising aging frailty, alzheimer's disease, metabolic syndrome, acute respiratory distress syndrome, and hypoplastic left heart syndrome. The company was incorporated in 2014 and is headquartered in Miami, Florida.
BTCUSDT 58K local resistance is ahead breakout and pump?price again is near resistance zones and at previous times we had a correction from these resistance zones.
The main resistance ahead for BTC is 60K$ resistance and the main support is 52K$ support. (daily)
breaking these trendlines here can make price stronger and only after breaking 60K$ price can easily pump and the market is again bullish.
Else we have more range here like previous times.
DISCLAIMER: ((trade based on your own decision ))
<>
USDCAD - Bearish ABCD PatternThe market setup for this week is interesting. We have a couple of setups that work on the lower timeframe and we have seen a couple of AB=CD pattern setups and complete.
USDCAD has an AB=CD pattern setup on the 4-hourly chart that works on the 1-hourly chart as well. What I would like to see in this Bearish ABCD pattern is that it touches 1.2812 which is also the previous Resistance Level on the 1-hourly chart. A Double Top with RSI Divergence would sweeten the deal.
EURUSD-Weekly Market Analysis-Dec21,Wk1On the Daily and 4-Hourly Chart, the EURUSD has displayed a Bearish Trend and on the 1-Hourly, an Uptrend. This is my prefered setup as I could potentially sell at the High and exit when the price went lower.
I'm waiting for a retest at 1.1322 or preferably a Double Top with an RSI Divergence to engage the trade.
AUD/JPY: Sell structure in the trendAUD showing us a nice short position in my technical analysis in H1 timeframe, but more enfocous in H4 timeframe.
In H4 timeframe we formed this sell structure scenario and we touch 2 times the resistance yellow and this could to show us another opportunity to open up short position in this Forex par. In the right hand, I post a mini-tutorial like a class to show you how this movement work in Forex. This it's similar what happen now in this par.
I hope that this Forex analysis will support you!!!
My entry short position was around $82.96 JPY and I put my SL at $83.43 JPY (38 pips) and target at $81.80 JPY (116 pips)
US30 Creating LHs and LLs (at different SUPPORT AREA))A previous Bullish Uptrend has been invalidated at the Break of S1 which created a Resistance and a retest at S2 with price holding to retest the trend-line acting as Resistance.
A Bearish Engulfing and or Spinning Top with a Strong Bearish Candle is required at this RESISTANCE AREA to go short.
Triple Top on XAUUSD 15M, a Possible Sell Off!A valid triple retest of the Resistance Area has been identified confirming a valid Triple Top.
A break below the mark price 1862.751 is needed to confirm a potential sell off.
mana is about to pump soonwe do research by fact, even in this dump season mana still able to hold above the support line and getting closer to the resistance, soon its gonna break since the number of supply/seller up there is getting crush by mana hodler/demander slowly but surely. I think we all can agree about this statement now "mana is about to pump soon".
USDJPY retesting Key Resistance Areaprice currently retesting kEY Resistance area with the expectation that if price breaks this level above we should take a sniper entry from 15M time-frame and focus the first circle RESISTANCE retest and possibly 114.707
ALTERNATIVE SCENARIO:
if price retest with a rejection at the RESISTANCE AREA with a spinning top and a strong bearish candle or Bearish Engulfing then a SELL OPPORTUNITY is valid to the price 113.811
CholaFin above Big resistance levelHello, Tradingview community.
Cholafin is trading above its major resistance (Refer chart for more clarification).
The chart is self-explanatory.
on the hourly chart, it is clear price tested 633 level for 3 times since 19 Oct and not able to sustain above same.
But 4th time it is able to break and sustain above 633 level, we can surely see some fireworks in the coming days.
Above 641 we can expect 658 to 680 levels.
Below 628 we can see weakness.
Happy Trading.
EURUSD-Weekly Market Analysis-Nov21,Wk2On the 4-hourly chart, a Bearish Shark Pattern's completion point happens to be at the daily chart key resistance area. Great for traders who are looking for a shorting opportunity to engage the trade.
