ALO Neutral: Longterm Waiting periodHello Reader,
The last call was quite good... Check by yourself, the related link below.
With this new post here:
The price entered a breathing period where it needs to gather and collect more orders in the market.
So i don't ride it but i find/suggest find other stocks which you are confortable with ! Don't touch #ALO for the moment.
In the today's chart:
The longterm overall bearishness trend momentum isn't finished yet ! :)
I expect a clear retracement in the 1Q and 2Q. A retracement reaching at the best trigger level is the option.
Meanwhile, i must abandon the Bearishness scenario, if the price stay above @ 36,00. It means the retracement wasn't for another bear leg, it's nicely a reversals. Then i focus on the Bullishness trend momentum.
The average bearish target couldn't extend @ 26,00 level as shown in the chart
.
Thanks for following and have nice trading session :)
AKR Capital
Sellsetup
GoldViewFX DAILY chart UPDATE $$We expected a drop in price due to the Goldturn created below the 1818 Goldturn resistance level, further strengthening this level.
We also identified a Goldturn support area of 1789, which also fell in line with the ascending trendline support we drew forming an axis level of 1787 for support. This was respected beautifully!!
This is a crucial challenge. We will watch how this plays out before planning any further BUYs.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Updated levels and Targets$$We have had a nice Bull run to hit pretty much all our targets above.
We expected a drop from the 1830 resistance area, which played out nicely. We capitalised on a few sell signals during this movement down.
We are still in a market structure that supports buying dips and therefore we will continue to pick up entries. However the framework for buying dips had a floor support of 1766, which has now moved upto to 1787. Therefore we expect this level to hold and if so we will continue buying dips. However if we find this level to break then we will re-assess our strategy for this market condition and update our followers.
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GoldViewFX
XAUUSD TOP AUTHOR
XRPUSD What's Next? SHORT!Price is moving in a bearish channel and we can see it has been respected and showing signs of bearish pressure through multiple wick rejections .
In this week I will be looking for a selling opportunity around 0.8243 level if wee see a break below the low it will confirm our idea!
ALX - Rising Revenue is Not Enough Alexander's, Inc. operates as a real estate investment trust. The firm engages in leasing, managing, developing, and redeveloping its properties. Its operating properties are located in the greater New York City metropolitan area. The company was founded on May 16, 1955, and is headquartered in Paramus, NJ.
Despite some nontechnical indicators (i.e rising revenue & location), ALX seems positioned to continue losing value.
Fibonacci retracement from the previous All-Time High (ATH) is in a "red" zone, the lowest level of support in the trend. This could indicate "nowhere to go but up." So I decided to test that hypothesis with two indicators: 1) RSI and 2) Bollinger Bands. Both indicators insinuate an imminent downward price trend.
Entry: After support level at the time of publishing is broken.
Exit: After 5% -10% drop in price
GoldViewFX Projection & update on TARGETS$$This is an update from yesterdays post.
Al targets being HIT, as mapped out by us. Price is currently challenging 1813 Goldturn resistance. If this holds we will see another drop towards 1800 - 1795. However if we get EMA5 to cross this level with a Goldlturn, then we will safely resume to next target 1822 and 1828.
We are getting signals both ways between these levels and both are getting hit according to the range mapped out.
DAILY CHART VIEW
The daily chart is showing a strong level of resistance here. Usually this is the ideal setup to short on this level. We banked our buys to be safe, however we will not be shorting here yet. The structure here was developed with higher Goldturns, which gives us an early indication that there is a chance for this level to be broken this time.
HOURLY CHART
We have drawn a Goldturn channel, which is being respected well. Price is challenging the central zone of the channel. A break on this level with EMA5 will confirm the movement to the top end of the channel. A rejection here will see us at 1800 again.
So far so good and no changes to our plans. Any change to the market structure and we will be sure to update with a new setup and trading plan.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldView UPDATE on TARGETS$$3 HOUR CHART VIEW
We posted our Goldturn broadening wedge yesterday, which has been respected well alongside our Goldturn support and resistance levels. Price was rejected at the top of the channel resisting at the strong 1830 level, price retraced down to the level identified.
We may have some sideway movement here and then we anticipate some movement up to the targets identified above. This zone of 1800 - 1790 are areas that we expect to be supported. If we see EMA5 break this support level then the setup will change and we will make changes to our plans. So far so good !!!
We have highlighted each Goldturn support and resistance level, which we will watch closely for a break with EMA5 and candle body close above or below to confirm momentum for the next level to be tested.
DAILY CHART VIEW
The daily chart Goldturn 1818 resistance level failed to break with EMA5 highlighted yesterday, therefore we saw the movement down. We are now testing the 1802 Goldturn support. If this breaks then the lower levels identified will open up. We will post new sequence of targets should this happen. For now our plans on buying dips remain.
The breakout zones identified on the daily chart either side, are areas that we will not trade on first approach into the range. The structure changes when these zone open up, so its important for us to sit and wait for a blueprint of the range, before re-applying a new setup that is suitable for the new structure.
HOURLY CHART
Hourly chart support and resistance levels identified and a Goldturn broadening wedge. Lower channel being tested. We will look for EMA5 to cross each level to confirm momentum to next with candle body closing after cross. The axis levels identified are the stronger Goldturn levels that price always challenges while playing in the range. Top end axis allows us to short and lower end axis allows us to long. We also tend to use these levels for targets for exits.
As always we hope you find our ideas useful and we would greatly appreciate a like, comment and follow to support us. We really do appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
US OIL. 15min Timeframe sell entries.I am looking at these supply levels to enter sells from. I have outlined the most recent Launchpad level. As well as the apex levels if the Launchpad fails. Anyways, you must wait for the confirmation Sell model in 1min or 3min or 5min timeframes before you enter. If price is in any of those levels, but doesn't show the confirmation entry model, then don't enter!
Thanks. :) Good luck.
Goldview Updated LEVELS & TARGETS$$We had a strong Bullish close on the top end of our 3HOUR chart Goldturn broadening wedge. This can break out of this wedge and start another bull run towards the upper targets on the chart. We may get a pump to the next level at 1837 and then retrace down to find support. Fib retracement of 50% level from this impulse is at 1805.
We will look to see if we get a cross of ema5 with candle body close above 1828 to confirm 1837 and 1855. However a rejection here or a new Goldturn created under this wedge will confirm the retracement down to find support.
DAILY CHART LEVEL
1818 is a strong resistance level on the daily chart created with two historical Goldturns. A break of 1818 with EMA5 on the daily chart is a significant challenge and one to keep an eye on. We will be watching this closely. Break on this level with EMA5 and candle body close will open up the upper range.
We are still very much Bullish and any retracements to strong support levels we will use for entries. Any changes to this we will update.
Two strong supports have been identified for entries OR if they break down with EMA5 then we will re-evaluate our plans, as the technical structure will change.
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GoldViewFX
XAUUSD TOP AUTHOR
SUPERTREND AND EMA x2 Strategy for XAUUSD SWING TRADINGTools(Indicators) used:
Supertrend Indicator from KivancOzbilgic no changes.
EMA used twice. Set Length on first EMA at 20 change color to Blue (any you want but I will explain using the settings used).
Set Length on second EMA at 50 change color to Yellow
CHART 5 MINS and UP but under 1H.
Preferred instrument is FXOPEN:XAUUSD
Strategy:-
We enter a trade upon confirmation of the following conditions.
1. When the supertrend suggests a buy. We confirm entry only when the blue line crosses the yellow from below.
If both the conditions are true we place a buy order taking the previous lowest point as stop loss and profit at 1:1
2. When the Supertrend suggests a sell. We confirm entry only when the blue line crosses the yellow line from above.
If both the conditions are true we place a sell order taking the previous highest point as stop loss and profit at 1:1.
This is the strategy that I am using and I have been able to close 90% trades in profit.
The strategy holds good almost every currency pairs and major cryptos. But I have not tried it on stocks. So reviews and suggestions are welcome to improve the strategy
Please Like and Comment....
Disclaimer: The views expressed are for educational purpose only and do not constitute to trading advice. Please do your own research before acting on the views expressed herein.
GoldView UPDATE on TARGET $$We posted this chart yesterday with updated Goldturn levels. We clearly marked the 1802 level that EMA5 needed to cross with candle body close confirmation to confirm 1808. This crossed and confirmed the target which was eventually hit today. Just like we predicted. We don't like to blow our own trumpet too much but we do draw some of the best support and resistance levels for gold in our unique way
We are now looking for EMA5 to cross 1808, which has just started to happen and then wait for a candle body close confirmation to confirm our final axis target to 1816. This does not mean we will rush to take a position, as always we will wait for a reversal to get a nice entry for a position.
For those who are following our updates daily, you can see we do things differently and we have been pretty much nailing our analysis. Please continue to show your support by liking, commenting and following us. It helps us to continue to share our ideas with you and we do really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
Banknifty analysis for 29/12/2021Banknifty finding base from last 7 trading sessions and didn't break previous low.
And from last 7 days it is range bound also in wider range.
Immediate resistance is placed at 35350 let it break then we can see 35550 and 35700 level.
On the flip side 35000 will act as a strong support for this bounce back.
Trading level
Buy above 35350
Target 35480, 35550, 35650
Sl 35170
Sell below 35140 for 35000.
XAUUSD - Potential ShortAccording to the Fib, Gold has retraced back to some key areas such as .5 and potentially retrace higher to 0.618 and 0.786. The Retracement and the extension levels has been marked.
Key Levels for the chart:
-1850
-1844
-1829-1834
-1818
-1798
-1777
-1760
-1752
-1744
-1722
-1680
CADJPY Potential Swing Short!The pair is overall in a Downtrend however price has retraced and now retesting the Fibonacci 61.8% level also known as Golden ratio .
i will be looking for a selling opportunity around 89.35 level targeting 88.16 as a psychological level , wait for a break&retest on lower TF then enter!
GoldView Report and Roadmap $$HOURLY CHART
We had a strong push from the bulls last week and we hit our 1808 target level. Price was rejected at this level and retraced to the next Goldturn support at 1797 and candle close. However the week closed with a bullish candle close above 1797 and EMA5 yet to test so we may find support here to continue further movement to the upside. We also had an ema5 cross and candle body close above 1808 level as highlighted on the chart opening 1819 target.
If price does not find support at this level and we get confirmation for a break down, then we have identified the levels price will test before resuming the open targets above. We have continued to enjoy the setups suitable for this market structure and no change of plans till we see the 1766 level broken and secured comfortably.
DAILY CHART
We have a 1775 Goldturn support on the daily chart that price and Goldturn being supported by currently. A rejection here will give the bullish momentum needed for the breakout above.
WEEKLY CHART
Weekly chart formed a pennant pattern forming a bullish outlook. We draw this using Goldturns to identify targets within. A target of 1827 identified.
Planning a projected move around the range identified and how the lot sizes used effects the exposure of the account, while doing this; allows us to move the identified range and targets without fear. As always any change to the market structure and our setups we will identify and execute necessary stops and resume with an updated plan.
Hope you all find our trading ideas and plans useful and it provides some insight into how we trade. Please don't forget to give us a LIKE, COMMENT and FOLLOW to support us. It helps us to continue to share our analysis with you all.
GoldViewFX
XAUUSD TOP AUTHOR
GoldView UPDATED Levels and TARGETS $$We have updated all the levels and now waiting for price to be either rejected on this zone at 1796 and then to go and test 1778 for support. This level has plenty of historical Goldturns making it a strong level. We have closed all long positions for now.
If we get EMA5 to cross and lock above this level with candle body close then 1808 level will open up.
Our plans for buying dips is still in motion and we will update if this changes.
Goldturn Resistance Levels
1796
1808
1819
1830
1862
1872
Goldturn Support Levels
1786
1778
1766
1755
1746
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GoldViewFX
XAUUSD TOP AUTHOR
GOLDVIEW REPORT - Analysis and Targets Gold has dropped down over 12000 points and now consolidating into a range. We are also approaching end of year and may see the price move sideways before making attempts for another breakout. We are expecting price to play within the overall range unless the price starts to play within the primary current range, in which case there's a stronger chance to challenge the 1766 support and break open the lower range. This lower range; if open, has a tight range of Goldturns moved across from historical data, which gives us confidence to still buy from this range, as we feel these areas will still provide enough support for some movement up
to capture. Having many Goldturns, so close to each other gives us this confidence for now.
H1 OBSERVATIONS
Overall Goldturn range of 1766 to 1809.
Price sitting in a current range of 1766 to 1787 and now challenging 1784 Goldturn resistance level. We also have ma200 sitting on 1787 resistance level so expecting a challenge here. We have not had a touch or cross over on ma200 for a while on h1 so this will confirm a movement up. We will wait to see how this plays out.
Price for now has supported at 1766 and we have had a few candles test and wick out on this level. Two Goldturns have also formed above this level creating further support. So unless this level is taken out we will still continue to buy from good support levels. Price has also broken out of the Goldturn channel.
H4 OBSERVATIONS
Overall Goldturn range of 1766 - 1867 with a current primary range of 1766 - 1804.
Price is currently challenging 1785, however there are two more strong H4 goldturn resistance just sitting above it, at 1793 and 1799 before any attempt is made on 1804.
MA200 is at 1808 which may help the price to magnetise towards it giving the momentum to challenge these levels.
We need to see a clean break of 1804 to confirm a breakout of this primary range or we can expect the price to break down, as there is only two strong support levels holding the price on H4, which is 1773 and 1766. A attempt on this level is looking like the easier technical challenge, however a break on this level will open a new range below and its looking like the easier challenge at the moment.
DAILY CHART OBSERVATION
The overall daily range is sitting between 1705 - 1900, with the price sitting between two strong Goldturns at 1741- 1819 and a weaker range of 1773 and 1795. Price is sitting on 1773 Goldturn and we also had price close below this level. However EMA5 is sitting above this level so good chance for this to be supported here. The challenge to look out for is 1741 for support and 1819 for resistance for confirmation of a bigger range breakout, otherwise the immediate play range would be 1773 to 1795. We are expecting both these levels to be tested again but the real challenge for us to pick a direction would be 1741 support and 1819 resistance.
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GoldViewFX