COIN Long Rally PotentialMost of my annotations are provided on the graph. I did this for fun, using information from various financial information and traders. Expect to see growth until earnings on Febuary 24. This is not financial advice.
Reversal
ETH - 3500 => Make or Break ❗️Hello TradingView Family and Fellow Traders,
This is Richard, also known as theSignalyst.
📈 ETH has shown an overall bullish trend, trading within the rising broadening wedge pattern highlighted in red.
It's evident that ETH has been respecting significant round numbers, particularly the 500 marks.
Following its breakthrough above 3000, ETH traded higher to find resistance around 3500.
📈 To maintain control and drive prices higher towards 4000, the bulls require a daily candle close above 3550.
In parallel, ETH retests the lower bound of the wedge pattern, we will be seeking trend-following buy setups on lower timeframes.
📚 Always adhere to your trading plan, especially regarding entry points, risk management, and trade execution.
Wishing you all the best of luck!
Remember, All Strategies Are Effective When Properly Managed!
~Rich
NYCB Community Bank falls to support and rises LONGOn the 15 minute chart the price action reflects the rough time that NYCB has had. Apparently it had a good rally to finish the week due to reports of floods of new deposits . Down the road
it may be a problem if premium interest is being paid on the deposits. In the meanwhile, I
see NYCB as taking back half of the trend down and floating up gradually into the range of 7
or about 60% upside. This will be a volatile and risky trade but with good upside. I will set a
8% or ATR x 2 stop loss yielding a Reward to risk of about 7.
SOXS goes LONG Inversing SOXL SOXS on the 30-minute chart has reversed from a trend down to an early uptrend. This is
confirmed by a variety of indicators including the ATR/ U BOT indicator reset to a period of 4,
the relative volume indicator showing buying volume spikes instead of selling spikes, as well
as the squeeze indicator changes from a green negative histogram to a positive one. Many semi
conductor stocks have had major price runs upside. The time has come to watch them
for reversals. I will close my SOXL position in favor of a new long trade in SOXS.
AAPL - Exactly like we prepared for weeks ago, Look out!I did an analysis video 2 weeks ago (video linked below) explaining why price was going to continue to come down and build liquidity before proving sell-side tapering and then activating a strong buying algorithm to start moving up.
That level I identified was $174-175. Today I'm updating you with a new more tapered algorithm that could be in the cards today if we find support there. Look for a potential wick/reach to orange however if we close above and hold this more tapered white/orange algo, it is an extremely bullish sign and we will look for buying continuation yellow or blue to then activate.
Happy Trading :)
LEU - Finally a bullish signal with lots of room to the upsideI've been watching Centrus Energy (LEU) for the past few weeks considering they are a strong company and we're in a very strong controlled selling (yellow) algorithm for some time. I was waiting for a bullish sign of reversal prior to finding support at tapered blue - which we saw last week when price was picked up by teal buying continuation. We are now gapping up above our strong yellow selling algo and our next stop will be to test the breakout of orange more tapered selling.
If we reject off of orange, we will be looking for one of our buying continuation channels, preferably yellow (very strong) to pick up price and take us out of orange where we will then have the opportunity to attempt a magenta tapered break.
Will keep you posted with further analysis as price develops!
Happy Monday and as always,
Happy Trading :)
GOLD - Wait For It ⏱Hello TradingView Family / Fellow Traders,
On Daily: Left Chart
GOLD has been bullish trading within the flat channel in blue and it is currently hovering around the upper bound.
On M30: Right Chart
📈 For the bears to take over, we need a momentum candle close below the last major low highlighted in gray.
📉 Meanwhile, XAUUSD would be bullish short-term and can still trade higher to test the $2100.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
SNOW - buy the disappointment discount sale LONGSNOW beat the earnings estimates by 150% and slightly exceeded revenue estimates. Price
dropped in printing a bear flag in a 22% move yesterday at the close. Buying from the bottom
has begun and I have the idea that I should join. My pre-earnings play was closed going into the
earnings in the high liquidity that proceeds it. I got my ask price on that position. The chart
shows today's buyng volume and volatility. On the slow resumption of bullish price action, I have
taken a long trade from the near bottom after this morning's reversal and call options
ITM for the July monthy.
Strong Reversal w/ Higher Levels In Sight - EGHere I have EUR/GBP on the 4 Hr Chart!
On Feb. 26th, EG had made an IMPRESSIVE Double Bottom Pattern @ .85281 and has been stretching HIGHER!
Zooming out to the Bigger Picture you can see there is an even STRONGER reversal pattern possibly at play getting ready to complete!!
-The Inverted Head & Shoulders!
With the NEW LOW @ .84981 on Feb. 14th, followed by the HIGHER HIGH @ .85784 on Feb. 20th, the Price decline on the 26th was a mere 38.2% Fib'd Pullback off that HIGH creating our HIGHER LOW giving a sense that the BEARS have lost their strength and BULLS could be taking over!
Now this IH&S could be the beginning of what seems to be a possible Elliot Wave forming on Higher Time Frames so we could potentially see price Hit our Range Target @ (.86575 - .86881) and then push even HIGHER! (Fundamentals will be KEY)
-But UNTIL then .. in order for our idea to be VALID, price MUST Break and Close above our CONFIRMATION of Pattern @ .8572
-Even though our Right Shoulder didn't meet with the Left causing an underdeveloped pattern, INVALIDATION of Pattern @ .85131
NZDJPY - Follow The Flow 🌊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDJPY has been overall bullish, trading within the rising channel in blue.
Currently, NZDJPY is in a correction phase and it is approaching the lower bound of the channel acting as a non-horizontal support.
Moreover, it is retesting a strong demand zone at 89.5 marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline.
📚 As per my trading style:
As #NZDJPY is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCAD - Already Over-Sold!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDCAD has been overall bullish, trading within the rising wedge in blue.
Currently, USDCAD is rejecting the upper bound of the wedge pattern acting as a non-horizontal resistance.
Moreover, it is retesting a strong supply zone at 1.36 marked in red.
🏹 Thus, the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the red supply and upper blue trendline.
📚 As per my trading style:
As #USDCAD is around the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
$MARA Consolidation and Bullish ReversalAfter a substantial move down since the end of December 2023, NASDAQ:MARA has closed with a bullish hammer on the daily chart. This comes with the price meeting a previous consolidation level from Dec 1 - Dec 13, seeing a lot of buying pressure from the S&P reaching new highs on Friday last week, and the NASDAQ:MARA price finding support on the 200ma on the weekly chart. Looking at the daily chart, high (but declining) ATR, the RSI not being in oversold range, and the MACD not approaching a cross suggests that the price may consolidate for a while. The one thing that might drive the price down below the consolidation area is the market continuing higher, but retesting its previous weekly resistance, thus causing some selling pressure before NASDAQ:MARA can break out upwards. Bitcoin's behavior and associated news of course affects the price action, however the general sentiment about BTCUSD seems high as we approach the halfing event in April.
USDCHF - Wait For The Impulse 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDCHF has been overall bullish, trading within the rising channel in blue.
Currently, USDCHF is in a correction phase and it is approaching the lower bound of the channel acting as a non-horizontal support.
Moreover, it is retesting a strong support zone at 0.87 marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline.
📚 As per my trading style:
As #USDCHF is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BINANCE:FILUSDT - Double is the best for LONG entry ---------------------------------------------------------------
Description
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+ FIL has recently formed a notable double bottom pattern.
+ Overall, FIL exhibits strong bullish sentiment, with the next target projected at 8.115.
+ This rebound from support suggests a promising trend ahead.
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VectorAlgo Trade Details
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Entry Price: 5.399
Stop Loss: 4.630
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Targets 1: 5.894
Targets 2: 6.481
Targets 3: 7.193
Targets 4: 8.115
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Timeframe: 1D
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
SC - Driving towards support | +310% Profit Target#SC/USDT Analysis
Description
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+ SC is currently moving towards the support line, if the it goes in this direction i'm expecting a nice double top pattern which is more bearish for SC.
+ I'm expecting this trend to continue and hit the next support before consolidating.
+ I'm not waiting for double top instead trading while double top is forming.
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VectorAlgo Trade Details
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Entry Price: 0.012568
Stop Loss: 0.014570
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Targets 1: 0.01186
Targets 2: 0.01104
Targets 3:0.009839
Targets 4: 0.008537
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Timeframe: 1D
Trade Type: Short
Capital: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
GE Buy the Pullback ( Flip the switch) now LONG I previously published the idea of shorting GE. It has now pulled back more than 4%
on the retreacement. The short idea paid well using put options to profit from the
pump of earnings expectations. Earnings were great but the run up was too much for
traders. GE has now retreated and is ready for a long entry. Price is now in the
undervalued range of both the short and intermediate term VWAP bands.
The target is $99.99which is basically the price immediately before the earnings report.
Confirmation is tbe zero lag MACD where the K/D lines crossed under the histogram and are heading
together to cross over the zero line while the histogram flipped from negative to positive.
Call options in the money expiring 5/5 are considered.
Double Bottom CONFIRMED! - EGHere I have EUR/GBP on the 1 Hr Chart!
Price had made two very equal lows on the chart but closer look on the RSI indicator and you can see Price really is losing is Bearish influence and is looking to possibly go Bullish!!
This strong reversal pattern called a Double Bottom makes me believe we could see Price push Higher after it broke out CONFIRMATION of Pattern @ .85424 and has come back to test and is already showing signs of finding possible Support @ Confirmation!
INVALIDATION of Pattern @ .85289
First Target Range is .85535 - .85593
Second Target Range is .85687 - .85745
Double Top w/ Caution!! - EJHere I have EUR/JPY on the 1 Hr Chart!
The HOT news on French PMI Thursday Morning followed by the Not-So Hot German and Manufacturing/Services PMI readings began the formations of a strong reversal pattern called a Double Top!
The mixed PMI results for USD seemed to ease Euros' decent
BUT
With 2.8% CPI and talks from the ECB of "possible Rate Cuts in March", this could make Euro start to look less favorable in the bucket of currencies!
Given that CONFIRMATION of Pattern is @ 162.649, I like to keep in mind the flipside of the coin and there are decent levels of Support in the ( 162.45 - 162.33 ) and ( 162.03 - 161.9 ) ranges!
*These could serve as opportune Fake-Out areas to turn this pattern into a Ranged pattern called a BULL FLAG!
-CONFIRMATION of PATTERN @ 162.649
-INVALIDATION of PATTERN @ 163.208
Potential Market Reversal by May 2024Overview
I can't shake the feeling that a large market correction is around the corner and at the same time the market contradicts my sentiments by appearing stronger every day. So I decided to investigate the 1 Year Treasury Note ( TVC:US01Y ) which is directly affected by Fed Rates to see how the market correlated to those changes in the past. What I found leads me to believe that a steep -- but temporary -- correction is approaching between late March and early May 2024.
Historical Data (Feb 2016-Feb 2024)
While it may not always feel like it, the stock market appears to have an overall bullish affinity even during economic struggle such as can be seen during the pandemic of 2020. After an average of three FOMC (Federal Open Market Committee) meetings, a sharp correction took place within the FOMC meeting range or shortly following the third meeting. This is the case for all but the fourth window which actually manifested a reversal to what has become the rally we are experiencing today.
The chart above compares the TVC:US01Y (Top) to the SP:SPX (Bottom Left) and TVC:DJI (Bottom Right). I interpreted this data as potentially two truths:
1) Institutional investors retreat during transitional periods then resurface when the outlook is more clear, typically reigniting the previous trend despite an overall trend change within Fed rates.
2) Fed rate changes are a precursor for market reversals. While not the only factor, they appear to hold a significant weight that if supported could lead to a reverse in market trajectory as can be seen after the third and fourth window of FOMC meetings.
**I only accounted for FOMC meetings where the 1 Year Treasury Note experienced significant trend changes**
Market Projections
I do not believe an apocalyptic correction is coming, but I do believe there will be a significant dip across the board following one of the next two consecutive FOMC meetings. The current dates for those meetings are March 19-20 and April 30 - May 1, 2024. It is my opinion that the 50%-61.8% Fibonacci Retracement levels serve as a good opportunity to enter a position should a correction occur. However, technical indicators should be closely watched for signs of a recovery before entering any positions.
Natural Gas Futures Bearish Square Up to $1.6 is LikelyNatural Gas has recently gone up a lot, the problem is that much of this was done in pre- and post-market sessions, with square-up candles printed along the way. It is very likely that as Natural Gas breaks back below $1.70 that we see the price-action square up to the $1.6 area.
CHEF a consumer discretionary stock to relish LONGCHEF on a 4H chart has been trending up since earnings in November. The report last week was
improved over November's. I got this one January and uploaded an idea then. CHEF has ran
25% since then. The bot alert is signaling SELL. RSI is at 64 and not yet overbought on a
period of 14. The mass index is signaling a reversal down at it went over the threshold
and then triggered.
I see CHEF ans a good stock that did 25% on the shares and 150% on the options since my buy.
I will sell the full position here. I will wait for a period of consolidation and Bollinger Band
tightening and a flat Supertrend line to make a sizeable new entry.
WKHS is setting up for a short ( again) OR could it reverse ?WKHS is a mong the weakest of the EV stocks. On the 15 minute chart it has been trending
down in a descending channel. There has been substantial volume on the bearish only volume
profile albeit at higher prices. A small spike of selling volume while price is near to the upper
( resistance) trend line of the channel tells me that WKHS may move lower. Most of the time,
it is difficult to short a penny stock below $1.00 depending on the broker. The selling volume
tells me there are short trades underway. My idea however is to look for a reversal so long
and watch for a short squeeze to add into the rising price with more position. Probably will
not happen but it goes onto the watch list.
BINANCE:HBARUSDT - Double bottom is giving double profits. ---------------------------------------------------------------
Description
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+ The double bottom pattern stands out as one of the most reliable indicators of a potential reversal in market sentiment. Its appearance often heralds a shift from a downtrend to an uptrend, making it a favored pattern among traders seeking opportunities for profitable reversals.
+ A meticulous analysis reveals a distinct and well-defined double bottom pattern, characterised by two consecutive troughs followed by a significant rebound. This pattern's adherence to the classic double bottom structure further enhances its reliability as a signal for a bullish reversal. Traders recognising the significance of this pattern would undoubtedly find this observation noteworthy, as it strengthens the case for an imminent uptrend.
+ With the double bottom pattern confirming its efficacy through a robust bounce-back, attention naturally turns towards identifying potential price targets. The next target for this trade is projected to be 0.1014, representing a significant milestone in the anticipated uptrend. Market participants tracking this trade closely would view this target as a key level to monitor, as its attainment could signal further bullish momentum in the asset's price trajectory.
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VectorAlgo Trade Details
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Entry Price: 0.0781
Stop Loss: 0.0671
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Targets 1: 0.0817
Targets 2: 0.0854
Targets 3: 0.0927
Targets 4: 0.1014
------------------------------
Timeframe: 1D
Capital: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
