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Supportandresitance

Example of Conditions for Starting Trading Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I will publish in advance due to an external schedule tomorrow. Accordingly, I will take time to provide additional explanations on the ideas published today. ---------------------------------------- I will talk about the basis for indicating the direction of progress shown in the chart above. In order to differentiate from other people's analyses, I am trying to explain the basis for indicating the support and resistance points or sections on the chart. I think that if you understand why those points and sections were set, you will eventually be able to understand them without having to read the explanation all the way through. For this, more support and resistance points are needed. This is because we can select the volatility period by additionally drawing the trend line. However, since all of these processes are displayed on the chart, there are many complaints that the chart is messy and confusing, so we are trying to reduce them as much as possible. Therefore, there are cases where the chart is displayed in two versions. The chart below is a chart that shows many support and resistance points and draws a trend line to select the volatility period. Therefore, since the support and resistance points may be displayed differently, it is recommended that you refer to the points or sections that I have written. - The conditions for starting a transaction are simpler than they look. However, when these conditions are met, the support and resistance points drawn on the 1M, 1W, and 1D charts must be displayed. Therefore, even if the conditions for starting a transaction are met, if the support and resistance points are not displayed at the corresponding price, you cannot start a transaction. Please read this carefully and thank you. - (It would be good to see this as an example of how to find the conditions that fit you and how to utilize them.) Conditions for starting a transaction are 1. Buying time conditions - When the StochRSI indicator rises in the oversold range and maintains the state of StochRSI > StochRSI EMA - When the BW indicator forms a horizontal line at the lowest point (0) - When the OBV indicator rises below the 0 point - When the DMI indicator rises below the 0 point 2. Selling time conditions - When the StochRSI indicator falls in the overbought range and maintains the state of StochRSI < StochRSI EMA - When the BW indicator forms a horizontal line at the highest point (100) - When the OBV indicator falls above the 0 point - When the DMI indicator falls above the 0 point When the above conditions are met, check whether there is support at the support and resistance points drawn near the price. Confirmation is used to proceed with the transaction. The current price position is 60672.0-61099.25. Therefore, you can proceed with the transaction depending on whether there is support in this section. Since it is currently falling below 60672.0, there is nothing you can do in spot trading other than cutting losses. In futures trading, you can enter with a sell (SHORT) position. - It is rare for all the conditions for starting a transaction mentioned above to be met. Therefore, it is recommended to basically check whether the BW indicator forms a horizontal line at the lowest point (0) or highest point (100), and then proceed with the transaction by checking the movement of the StochRSI indicator. Also, it is recommended to select a split sell section to make a profit by calculating the fluctuation range while checking the strength of the rise or fall with OBV and DMI. - In summary of the above, Since the StochRSI indicator has not yet risen from the oversold zone and StochRSI < StochRSI EMA, it is recommended to check whether a reversal is occurring. Also, you should check whether the BW indicator has fallen to the lowest point (0) and formed a horizontal line. If the OBV and DMI indicators rise below the 0 point without meeting these conditions, you should proceed with an aggressive purchase (a transaction that requires a quick response similar to scalping or day trading). If you do not proceed with an aggressive purchase, you should wait. - It is not a good idea to enter a current sell (SHORT) position in futures trading. However, if you proceed with an aggressive transaction (scalping or day trading), you can start trading. The reason why it is not a good condition for trading is because the price is located in the 1. purchase timing condition section among the conditions for starting a transaction mentioned above. Therefore, the profit is small or you may even suffer a loss. - If you are not currently trading, I think the section where you should trade is when it rises around 61K. Before that, it is highly likely that you will not be able to purchase because it seems like it will fall further. I think this point, or the section where you actually trade, is the psychological volume profile section. This psychological volume profile section is the section where psychology applies that you must trade even now. Since this point is ultimately a low or high point, it is a section where you are likely to incur losses if you purchase. The 61K section that I mentioned earlier is a section where it is highly likely to be a low point, so it is a section where you are likely to incur losses if you cut your loss or enter a sell (SHORT) position. - If it shows resistance near 60672.0, there is a possibility that a sharp decline will occur momentarily and touch 59K and then rise. This phenomenon can be a fake or a sweep movement, so you need to be careful. In order to avoid losses from this phenomenon, auxiliary indicators are necessary. Since auxiliary indicators are lagging, they are unlikely to show large movements in sudden price fluctuations. - What I am talking about is not a method of chart analysis, but an example of how to set a standard for trading. Therefore, I hope you do not misunderstand the above as about chart analysis. Since chart analysis and trading are different, what you see on the chart is also different. In order to complement this difference, what is needed is the support and resistance points drawn on the 1M, 1W, and 1D charts. Since charts without support and resistance points are likely to be for chart analysis, there is no need to try to find a trading point on these charts. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
Education
by readCrypto
Technical Analysis on JD.comJD.com has experienced a strong bearish trend since February 2021, reaching its lowest point in 2024, near the support area of $20, with an overall loss of about 80% of its value. By conducting a volume analysis using the Volume Profile of the entire history, we can see that JD.com was recently rejected from a significant support level, POC 1, around the $25 price zone, also breaking the descending trendline. This provides a strong signal for a potential reversal. In a short time, the stock has reached another important volumetric area, POC 2, which could act as the first resistance level. At this point, we might observe the first reaction of price rejection. Considering the broader momentum, particularly the economic situation in China, the stock may quickly overcome this resistance. If JD.com moves above POC 2, it would likely face few obstacles in reaching the next resistance level (R1) just below $70, given the low trading volume in this price range.
NASDAQ:JD
by Giovanni_Bandini
2
Use of Various Technical indicators. (Educational Post)Nifty again after making a new high ended in negative today. Main reason for nifty ending in negative can be attributed to channel top resistance. RSI (Relative strength Index) reached over heated zone and peaked above 80 showing the market was overheated, this was the second reason of Nifty ended in red of Friday after a fantastic weak. RSI of monthly and weekly and daily candles also shows that Nifty is in the overbought zone. This can continue for a while or Nifty can dive next week or in the coming time searching for it's supports for the purpose of correction or consolidation. On hourly chart as seen above RSI Peak is near 81 with supports near 57 and 47 range. Currently the RSI is at 64.67. Bollinger Band is also suggesting temporary market peak near 26336 and strong support near 26092 and 25866. MACD is also signaling towards consolidation and correction as the coveted blue line seen in the chart is dipping below red line. Histograms sine wave is going towards negative zone with some strength in it's stride. 50 hours EMA or the mother line is near 25909 and 200 hours EMA or the father line is near 25345. Parallel channel indicates top near 26336. Mid channel support near 25866 and channel bottom support is near 25595. Trend line support is near 26148 and trend top seems to be near 26437. Supports and resistances drawn based on recent peaks and valleys are as under: Supports at: 26148, 26037, 25866 and 25595. Resistances at: 26277 (All time high resistance) In the above chart and data we have used the combination of Supports and Resistances, Trend lines, EMA, MACD, RSI, Parallel Channel, Bollinger Bands. You must have seen that various Technical indicators many a times indicate same or similar levels. Thus instead of trying to master many indicators, if you can focus on a few and master them, you will be more often correct. As Bruce Lee has famously said and I quote him, "I am not afraid of someone who knows 10000 kicks, I am afraid of the one who has practised 1 kick 10,000 times." It is also said in Sanskrit 'Sarva Deva Namaskaram, Keshavam Prati gacchati'. Pray to any of the divine forces but they ultimately end up at the feet of the supreme God head. Nasiruddin Shah had also said in a movie (Kabhi Haan Kabhi Na) "Idhar se jao, udhar se jao, ultimately sab rasta God ke pass jata hai." Deducing from it many indicators often yield same results. Master 2 or 3 of them and they will make you a great analyst. Conclusion: Learn, unlearn, relearn and master a few indicators rather than trying to know many indicators. They will help you create generational wealth. To know more about these indicators and how to use them and to understand Techno-Funda investment, read my book: The Happy Candles Way to Wealth creation available on Amazon in Paperback or Kindle version. The information regarding Nifty in this article is for the purpose of education and to show how various indicators often give same or similar result. To know more about when to book profit? Where to place a stop loss or what is trailing stop loss you are recommended to read my book: The Happy Candles Way to Wealth creation which is available on Amazon in paperback or kindle version. You can also comment below or send a message to us. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Gold can break support level and continue to declineHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that some days ago price rebounded from the support line of the upward channel and rose to the 2550 support level, which soon broke it. After this, the price tried to grow and some time traded higher, after which it made a correction movement to the support line of the channel, which is located inside the support zone. Then price turned around and continued to rise to the current support level, which coincided with one more support zone, and when Gold reached this level, it at once broke it. Next, the price some time traded near this level inside the support area and a not long time ago rose to the resistance line of the upward channel. But soon, Gold rolled down and in a short time declined to support the area, so, I think that Gold can make a move up and then continue to decline next. Also, I expect that XAU will break the support level and fall to the support line of the channel, therefore I set my TP at 2615, which coincides with this line. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
2
Entry Types Simplified: The Essential Guide for New Traders!Key Structures and Formations: Ascending Channel: The price has been moving within this channel for a while. An ascending channel indicates an uptrend but also signals that the price is forming higher highs and higher lows, which can later break either direction. Bull Flag: A classic continuation pattern where after a strong bullish move (flagpole), the price consolidated before continuing upwards. This was a great entry point for traders watching for bullish momentum. Failed Flag: It appears there was a bull flag that failed to continue upwards and instead reversed direction. This type of failure is a strong indication for traders to reconsider their long positions or take partial profits. Often when a flag fails, it can lead to an aggressive move in the opposite direction. Zones: 4HR, 1HR, 15M LQZ (Liquidity Zones): These zones mark areas where liquidity is expected to be high, which means these are key levels to watch for price reactions. The 4HR LQZ around 2,622 and the 1HR LQZ around 2,639 are critical areas for price retracement or reversals, particularly in a trending market. Current Price Action: The price is currently hovering near the 15M LQZ (2,655.443), which could act as a short-term support/resistance level. Watching how the price reacts to this zone will provide insight into the next move. If the price continues to drop, the 1HR LQZ around 2,639 may provide support. If that fails, the next likely target is the 4HR LQZ near 2,622. Recommendations Based on Confluence: Check for Multi-Touch Confirmation: If the price interacts with the 4HR or 1HR LQZ zones multiple times and forms a base, this could serve as strong confirmation of a potential reversal or continuation​. Comprehensive Patterns: The failed flag within the larger ascending channel provides a great example of how smaller patterns (failed flag) can give clues about larger moves (channel break)​. Follow the Trinity Rule: As per the Trinity Rule, wait for multiple confirmations across different structures before entering a trade. The liquidity zones and patterns within patterns provide a good basis for this​.
OANDA:XAUUSDEducation
by Adlercon333
HBAR ready to make a new Higher High?Is #HBARUSDT ready to make a higher high? Here’s how this trade could unfold: When the daily candle closes above the resistance line at 0.0596, we will have an official higher high. The first target (wave 1) is around the 200 EMA at 0.0729. After a retest of the resistance line (wave 2), which will then become the support line, the next target (wave 3) is between the 1 and 1.6 Fibonacci levels at 0.0929 - 0.1115. We may then see a retracement (wave 4) to the 0.382 Fibonacci level at 0.0994. The final leg (wave 5) will push to a new high above the top of wave 3. REMARKS: • It is important to emphasize that any information or content you encounter here is not intended as financial advice. We want to make it clear that we are not authorized or qualified to provide personalized investment advice. Our content, including ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, should be viewed strictly as informational, entertaining, or educational material. • We emphasize that you should not construe the information provided here as personal investment advice or as a recommendation to take specific investment actions. It is crucial to conduct your own research, consider your individual financial circumstances, and consult with a qualified financial professional before making any investment decisions. • While we aim to provide accurate and reliable information, we cannot guarantee the absence of errors or inaccuracies. Therefore, it is recommended to independently verify any information provided and exercise your own judgment when using it for decision-making purposes. • Please be aware that any actions you take based on the information found here are done so at your own risk. We disclaim any liability for the consequences of your actions or decisions stemming from the information presented. • Our intention is to provide helpful information that can contribute to your overall understanding and assist you in making better-informed decisions. However, it is essential to exercise caution, seek professional advice, and take responsibility for your investment choices. Cheers and have fun. ° Be Patient – Don’t panic – Trade Emotionless. ° Never lose a winning trade.
Long
by seoco
“Gold prices have been on a strong upward trajectory”In the U.S., the New York Fed Empire State manufacturing index for September rose from -4.7 to 11.5, indicating that the manufacturing sector has returned to growth territory. This data marked the highest level since April 2022. Despite this strong economic signal, the recovery in U.S. dollar assets remained limited. As a result, gold prices saw an upward movement, reaching the $2,585 level. From a technical perspective, if prices remain consistently above the 2585 level, an increase to 2600 and then to 2650 could occur. On the downside, if the price falls below the 2570 support level, a pullback could extend to 2535 and then to 2482.
OANDA:XAUUSD
by primequotes
“The EUR/USD target is 1.11500”Last week, the ECB cut its interest rate by 25 basis points, in line with market expectations. ECB President Lagarde did not make any commitments for October but indicated that rates are on a downward path. As a result, pricing in favor of the Euro strengthened, with the EUR/USD pair reaching the 1.1130 level. As the new week began, the pair faced mild selling pressure but maintained prices above the 1.11 level. From a technical perspective, if the upward trend continues and the 1.1150 resistance is broken, the next resistance levels to watch are 1.1190 and 1.1275. On the downside, if pricing drops below the 1.1115 level, 1.1045 and 1.10 could act as important support levels for further declines.
by primequotes