trade idea on TSLANASDAQ:TSLA
I can see TSLA retesting $800
If the retracement broke and the channel broke then my analysis is invalid.
Retracement
Time for a USD retrace move? The US Dollar has been bullish for months... Global economic uncertainty caused by inflation, COVID, and the Russian and Ukrainian conflict have caused cash to flow to USD assets. Could the USD be currently over-valued? My analysis suggests that USD price is due a retrace move, especially on very over-extended pairs such as USDCHF, USDJPY, EURUSD and GBPUSD... Analysis for USDJPY and GBPUSD below...
USDJPY - 9 consecutive bullish weeks (almost a record?) Weekly RSI currently hitting over 88. Lower time-frames show weakening upside momentum. Possible retrace move due to previous monthly resistance at 124.00. I am expecting the retrace move to start by the end of June (hopefully this week as I am already holding out of the money USDJPY put options)
GBPUSD - testing key support area around 1.2200. Weekly RSI hitting around 22. Possible inverted head and shoulder trend reversal pattern (or range) on the weekly time-frame. I am expecting the retrace move to start by the end of June (hopefully this week as I am already holding out of the money GBPUSD call options).
Don't get me wrong, I expect the USD bullish trends to continue, perhaps now is just a good time to get off any long positions and open those shorts... Fingers crossed!
#AUDNZD# SELL FORECASTLooking for sell On AUD NZD possible reversal,,, possible retrcement to the previous resistence
Trade idea on Nasdaq SHORTCME_MINI:NQ1!
short entry on NASDAQ or QQQ at 50% retracement. It perfectly aligns with the top channel forming.
i can see NQ! back to retest the lower channel and bouncing at demand levels.
if the analysis is correct then the trade idea on TSLA will work as well.
if the NQ! break the channel and the 50-60% fibonacci levels, then the trade is invalid.
GOLD RETRACEMENTAs predicted in my previous analysis, gold dropped to 1850 and bounced bullishly attempting to recover.
Retracement targets are 1890 & 1910.
A break above 1910 will open the way to the 1945 resistance zone.
DARUSDT will back to 1USDDARUSDT will retrace. 1$ is a worth. Oscillator: Ehler's Fisher Transform crossing. Bearish momentum and big SOW. Target at 14.6% key level in convergence with local support.
GBPJPY | Perspective for the new weekFollowing over 200pips profit during the last week's trading session (see link for reference purposes); it is obvious that the GBPJPY pair has been displaying a back and forth set-up within a tight range of 160 and 164 areas. With the possibility of the incitement of a retracement wave, the possibility of a bullish momentum can not be ignored as the key level at 160 remains a strong level for buy opportunity going into the new week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
SHOP, At What Prices May This MAJOR Correction End?How far SHOP can go down? There will be a bounce ? If yes at what possible prices?
We accurately predicted the stock path several weeks ago by means of Elliott waves and called for a Big Shor t at ATH ! What is next?
Currently SHOP is in a MAJOR correction. SHOPIFY completed a primary degree wave cycle which was started at 18.48 USD on Jan 2016 at its ATH (1762.92). This wave cycle lasted for 6 years and showed 95 times growth from the very bottom to the very top.
Since then , Stock started a correction to that cycle which is primary degree wave 2 . This is really a sharp decline. As shown on the chart It is now reaching to 50 % Retracement of primary wave 1 at 890 USD. Possible labels in correcting patterns are shown on the chart. It is not know at this time which labels ( e.g 1 or A ) is a true one. We have to wait for correction waves to unfold in order to decide between them.
Can it go further down even lower than 50 % Retracement? Of course it can ! I am afraid to say that Unfortunately most possible Retracement for large degree wave 2s is 0.786 level . If this happens SHOPIFY may see unbelievable 391 USD at the end of correction. For now lets hope for higher Fibonacci levels e.g 0.618 Golden Ratio at 684 USD.
Although It is possible for the correction to end at all shown Fibonacci levels , I tried to give them a probability ( As I see) by means of thickness of arrows with narrowest to be least probable and thickest to be the most.
Good news for long term investor and holders is next long term bull run which is primary wave 3 will push the price up to above 3000 USD !
We keep it in watch and go shopping in appropriate time ! Lets follow !
GBPJPY | New perspectiveWith a bullish momentum on this pair; I am looking forward to taking advantage of a potential counter-trend opportunity in the form of a retracement phase for the Pound with a take profit target at retracement into the golden zone on the daily time frame.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Retrack - BTCOnce I have reached the rebound point outlined by a progressive decrease in the minimum levels,
I expect to reach step3 , crossing the turbulent tides of step2 and step1 , and then observe a healthy consolidation and retracement.
Then we will understand which movement it are most likely to take.
EURUSD Double Bottom Is A GoHi Traders,
On Tuesday, I spoke about a possible Double Bottom forming on the 4 Hour time frame.
We were looking for strong bullish volume and a strong impulse candle to spike up and close above the yellow zone.
We have seen this play out.
The DXY began to retrace, which helped the euro gain some steam.
Now, we wait for a retrace deep into the yellow zone.
Beware of stop hunts,
Smart money knows that retailers use these patterns all the time.
My RR is still 1/4
See you on the next one,
The Vortex Trader
GBPUSD buy opportunity for a retraceGBPUSD looks like it's going to retrace along with other dollar pairs.
This is a nice short term buy opportunity with a tight stop.
Long term trend is still down.
EURUSD Long/Buy Opportunity for a RetraceI short term buy opportunity has developed for EURUSD.
This is a retracement with the long term trend still being down.
AUDCAD LONG..... 16RR OPPORTUNITYHelloooo there,
This pair has tapped into resting liquidity zone and the weekly retracement is poised to begin. Overall, this pair is bearish on the monthly timeframe, but are we going to wait that long. Naahhh... not me.
Anyways, let me know what you think.
Cheers
David
Buy EURNZDThe bullish uptrend that you have been seeing for the last one month is just a major retracement. The good news is that the retracement is not yet over. With the equal lows being formed the price is being pushed higher.
The price is breaking previous bearish order blocks which is a clear indication of a strong bullish order flow.
EURUSD BULLISH CORRECTONEURUSD is in a strong downtrend but is currently consolidating on the monthly support.
The double bottom pattern and RSI bullish divergence on H4 suggest a short-term retracement.
A break above today's high will rally the price towards 1.07 which is the monthly pivot/50% fib retracement.
Sell the retracement on CADCHFHello traders,
On Friday CADCHF had a strong move to the upside and before the close of the week, there was a strong move to the downside. This move to the downside is an indication of the change in order flow from bullish to bearish. It was confirmed by the formation of a breaker block on the same day.
However, since I missed out on the opportunity to go short on Friday, today I still pull the trigger to go short. This is because the price is targeting the Bullish Order block below. Also, the price must move more than 50% between the peak formation low and the peak formation high.
Remember to apply proper risk management. Like and Subscribe
BTC risky daysBtc is squeezing on level 0.236 fibo which is for 2000 bars which is made by ME and signals seem to go up to 0.618 level supporting by RSI. BINANCE:BTCUSDT
Marketing beginning it's move down?After my analysis failed last time, I think this one is more accurate... I hope
EURGBP SHORT TRADEPrice recently broke the resistance and changed the bias to bullish. Still expecting a retracement towards the weekly pivot before gathering bullish momentum to clear the monthly high.
Monero $XMR to Test $200Monero has benefited from recent market preference for privacy given recent actions to weaponize financial instruments and access.
(ex: Canada v. Can Citizens, NATO countries v. Russia).
8 consecutive weekly green candles saw XMR appreciate from $130 to $290.
Today, XMR is testing 20 EMA support with multiple indicators reflecting a cooling off period is underway.
Recapturing the 20 EMA would not be bullish given broader markets & headwinds, but would help build support level & reduce likelihood of testing $150 down to $115 price points.
While Monero has longevity, price action will be susceptible to significant volatility as nation states and institutions work to maintain status quo and push centralized agendas and green initiatives that view Proof-of-Work as antithetical to the ESG narrative.
Denand-Supply on live EURUSD chartI mark supply and demand areas based on pivot points and the last candlestick before the main movements
Reason for marking supply and demand area:
1-There is Range inside these candles, after which the market has decided to move
2-And another reason to mark these candles is that banks and major market players in that area have orders.
There are three Ret Fibonacci figures in the chart:
1-beginning of the main movement
2=beginning of the current price channel and one is the last movement.
3-Start the last move
and DXY trend is bullish
AUD/USD LIKELY to go UP!HEy tradomaniacs,
AUD/USD is at an important key-level and likely to retrace as market-depth showing absorption by buyers at the bottom of todays opening-range.
Price is oversold, so it is likely to see profit-takes and so a retracement to the upside! Orderflow looks bullish for now!
What do you think?
