Moving up slowly and wait a breakoutWeekly Chart
ROSE BINANCE:ROSEUSDT is creating right shoulder in Head Shoulders which is a famous reversal pattern.
ROSE needs to break a neckline to complete Reversal Pattern
Daily Chart
ROSE is along the strong support and wait a breakout above purple line
I expect price will go up 0.063 after breakout
Wait for next move and I'll update
Reversal
XPEVXPEV a few weeks back had the hype and excitement of the VW deal marked on the 1H chart
as a head and shoulders from which it has falled onto a thick support and demand zone
at the present. The ZL MACD indicator shows a line cross under the histogram which has
went red to green. On the dual TF RS indicator the greenlower TF has crossed above the
black higher TF and they are both rising reflecting two green candles marking a reversal.
I will get in this long trade early an plan to get 16-18% out of it.
BNKU- Triple Leveraged Bank Sector LONGOn the hourly chart, BNKU fell from a head and shoulders in late July , crossed
under VWAP lines in a VWAP breakdown and pullback before an inverse head and shoulders
type reversal now underway. The zero-lag MACD is confirmatory. I will take a long
trade here. Projected stop loss and targets ( TP1-40% TP2 40% and T3 20%) are on the
chart. I see this as a very safe trade with an estimated 12% overall profit expected.
I am in a WFC trade and looking at ETFs DPST and KRE as well
WFC setting up a VWAP bounce LONGOn this 4H chart, I see WFC having had a bit trend up and then a retractment through the
upper anchored VWAP lines toward the mean running VWAP where I expect a bounce.
At present, price action is in a bit of a flat bottom triangle. The ZL MACD supports this
impending reversal with bullish divergence in the line cross under a histogram which
went red to green. I will take a long trade here with a stop loss under the histogram
and a target just below the pivot high in mid July. I will zoom onto a 30 minute time
frame to better select an optimal entry on the reversal. I will check banks in general
including the ETFs KRE KBE BNKU and DPST.
ETH - Top Down Analysis 📹 From Daily To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #ETH.
Which scenario do you think is more likely to happen? and Why?
📚Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Tesla -> Two Bullish Scenarios Now!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Tesla💪
After Tesla stock retested the last strong support zone for bulls, the 0.786 fibonacci level at the $100 level, the recent pump over the past couple of months of more than 100% was no surprise at all.
With Tesla stock retesting the 0.382 weekly fibonacci retracement level we could already see a weekly bullish rejection away towards the upside from here.
However I am still waiting for bullish confirmation at the currect $245 support level - if we drop below the zone then I do expect a rejection at the next support which is sitting around the $215 level.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
MATIC - Shift In Momentum - Practical Example 📚Dear TradingView community and fellow traders,
I am Richard, also known as theSignalyst.
The MATIC H4 chart has captured my attention due to its intriguing momentum structure shift.
📉 Following its rejection from the 0.9 - 1.0 resistance zone, MATIC has entered a bearish phase, marked by lower lows and lower highs— a classic MarkDown phase .
However, a noteworthy observation is the diminishing size and flattening of the impulse movements.
According to Charles Dow, this signals an early alert for a potential shift in momentum, which brings us to the Accumulation phase as per Richard Wyckoff.
Presently, MATIC appears to be consolidating within a significant range, spanning from 0.65 to 0.7 — an evident Accumulation phase.
🏹 For the bulls to take over, and the MarkUp phase to start, we need a momentum candle close above 0.7 zone marked in green.
I hope you find this post useful, and I would appreciate your likes and support.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard
BTC - Top Down Analysis 📹 From Weekly To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
EURCAD - from Daily to H1📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for EURCAD.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC - The Bias Remains Bearish ❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
📌 After breaking below the significant round number of 30,000 and a major low, BTC has exhibited a predominantly bearish trend trading inside the falling channel in red.
📉 If the current last low is breached with an H4 candle closing below 28,700, it is likely to trigger further bearish movement, potentially leading to a decline towards 27,500.
In this case, as BTC approaches 27,500 we will be looking for buy setups as it is the intersection of multiple trendlines.
📈 To regain control, the bulls must achieve a strong momentum candle close above the key level of 30,000. Such a move could potentially shift market sentiment in favor of the bulls and indicate a possible trend reversal.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
GOLD - One More Correction ?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we were waiting for GOLD to approach the 1935 support to look for buy setups.
🏹 The 1935 is a strong rejection zone because it is the intersection of the blue support and lower red trendline.
📈 For the bulls to take over and start the bullish correction, we need a break above the last major high in gray.
In this case, a movement till the upper red trendline would be expected.
Meanwhile , until the buy is activated, GOLD would be overall bearish and can still trade lower and even break the blue support downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NIFTY WILL CRASH BY THE END OF THIS WEEKthe amazing bull run of nifty is almost over. By the end of this week or since next onwards nifty will crash just like it had happened before probably with huge gap-down opening too. Nifty has repeatedly failed to break this trendline before and this time will be no different. History does not repeat itself, IT RHYMES
ETH - Critical Period / Zone ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH is still stuck inside a big range and it is currently hovering around the lower bound / support zone around 1810
📈 For the bulls to take over from a medium-term perspective, we need an H4 momentum candle close above the last major high in gray around 1865
📉 In parallel, if the green support zone is broken downward, expect further bearish movement till the 1730 demand zone.
Which scenario do you think is more likely to happen? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EVAV a 2X leveraged EFT of EV Stocks Pullback LongEVAV in the past six weeks rose about 90% and then faded 5% in a correction
or pullback. This may be a buying opportunity. Price is heading down into the
area of the two mean VWAP lines where I will look for a bounce. Professiona
traders like to buy in the area of VWAP and so I expect high trading volumes
there are big traders take large positions.sThe high TF relative strength
line in black is holding steady The low TF relative strength line in blue
is in the range of 30. I expect the price to reach this buy zone in the next
couple of days and upon a confirmed reversal I will take a long trade targeting
108 in the area of the recent highs and the second deviatiion lines in thin
red.
USD/CAD Trade Idea📈 USD/CAD Trade Idea 🐻
📊 Analysis:
- Trend: Bullish 📈
- RSI: Bearish Divergence 🐻
- Reversal Pattern: Double Top 👉👈
- Breakout Confirmation: Await neckline crossing ⏳
📝 Trade Plan:
Considering the bullish trend with a potential double top formation and bearish RSI divergence, I've executed a SELL STOP ORDER @ 1.33156 📉
🛡️ Risk Management:
- Stop Loss @ 1.33968 🛑
- Take Profit (1:1) @ 1.32424 🎯
⚠️ Investment Advice:
Remember, trading carries inherent risks. This idea is for educational and informational purposes only. Always use proper risk management and consider your financial situation before entering any trade. #InvestWisely 🧠💼
🚨 Disclaimer: This is not financial advice. Trade at your own risk. #USDCADBearish #ForexTrading #DoubleTop #RSIDivergence #BreakoutTrading #TradeSmart #RiskManagement 👆 #Forex #TechnicalAnalysis #TradingView
VALE a junior miner can rise on the Gold bullrunNYSE:VALE as a junior miner could be reaosnably expected to follow spot gold.
The bottom line is quite simple. With fixed costs to mine gold, VALE can easily
expect to increase its margins when stop gold rises will above the breakeven
on a spreadsheet. The 2H chart shows price has descended into the support of
the long term anchored mean anchored VWAP line after a VWAP breakdown.
The PMO and ZL MACD are confirmatory for a consolidation sitting on dynamic
support.
Overall, the analysis is that of VALE setup to make a reversal for a bullish move
reflecting the gold run at large. I will take this trade long now.
TMV leverage inverse ETF for treasuries SHORTTMV on the one-hour chart tested two standard deviations above the mean VWAP in
both late May and early July it fell to one standard deviation below VWAP but then rose
sharply into beyond the two standard deviations line ( thick red ) ascending into a YTD high.
I believe that this is due to the recent federal debt creditworthiness downgrade.
The threatened rise of BRICS reserve currency and potentially adversely affects the
value of the dollar ( DXY) while supporting gold prices. I see this as a good continuation play
no matter the overextension of price. Both the dual MTF and the zero lag MACD however
suggest a pullback. The mass flow indicator does as well. As a result I will look at TMF
to go long trusting the indicators to give me a directional bias.
TMF ( 3X Treasuries)beatdown completed reversal underway LONGOn the one-hour chart, TMF a triple ETF of long-expiration treasuries has finally
completed its downtrend or ten days given more bearish momentum with the federal
debt downgrade of creditworthiness as well as the rise of BRICS as a reserve currency.
Three indicators show bullish divergence with a MACD cross under the histogram. The
30 minute RS line rising before the 2 hr RS line reacts and importantly a mass index
signal rising into the reversal line and then a drop. While none of this is a Holy Grail,
I am confident that the bias here is bullish. I will trade long if you are interested in
the stop loss and targets let me know. If you would lke my idea of an options setup, let
me know as well. If this idea is helpful, please like and subscribe. Trade well !
BTC - Critical Period / Zone ahead of NFP ❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
📌 After breaking below the significant round number of 30,000 and a major low, BTC has exhibited a predominantly bearish trend, forming lower lows and lower highs.
In the past, BTC broke two major lows, which were marked in gray on the chart.
📉 If the current last low is breached with an H4 candle closing below 28,700, it is likely to trigger further bearish movement, potentially leading to a decline towards 27,500.
📈 To regain control, the bulls must achieve a strong momentum candle close above the key level of 30,000. Such a move could potentially shift market sentiment in favor of the bulls and indicate a possible trend reversal.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich