Swing Trade Idea- SANDHAR TechnoSwing Trade Idea- SANDHAR
Entered at 580,
T1 610
T2 630
Let' see how it reacts in this volatile market!
Technicalindicators
Gold Possible Drop incomingI believe gold is likely to continue lower, Let me explain why>
Based on this image you see here, gold has been stumbling about this level for quite some time, at least 4 days. Due to the fact that it appears to be a "support" I am thinking that there might be buyers trapped in buys or at the very least induced to buy at this level.
Which means stop losses of same said buyers would likely be below this (cyan level) See image below.
Now gold is a bullish market overall, on the monthly timeframe.
Which means buys are likely the overall play but in order for gold to go up it needs liquidity (energy) to do so, how does a market get liquidity? By stopping out traders from the opposing direction.
This can be further possibly be confirmed by paying attention to the way the last 3 monthly candles have formed and closed
The way the market is behaving at this high I believe that it is suggesting that it is rejecting the high which also suggests sells.
So far so good right?
The monthly and weekly timeframe do not add anything to my analysis so I will skip them both.
The 4 hour timeframe shows where price heavily pushed out and up away from the consolidation, this was also during and around NFP and after FOMC. If it were going to buy, it would continue to buy right? But if we pay attention to the last few candles I think you'd agree with me in saying that bearish momentum is actually increasing, no? Why would bearish momentum increase if buys are incoming?
The 1 hour suggests rejection to this same (cyan level) but it is staying at and around this level for quite some time, if it were rejecting, why is it staying there for so long? Who is it really trying to induce?
The 30, 15 and 5 minute timeframes do not add anything to this analysis so I will skip.
The 1 minute timeframe shows a gigantic drop with price halting at and around the (cyan level) why? Price is again sticking around this area, which suggests buys to the greater population of traders but every time I bought today, the market barely went up.
I was fortunate enough to end my trading day at a net positive but the buy feels very sketch for me personally.
I believe Gold will continue to drop before the buy actually presents itself
I am going to the 15 minute timeframe to show what I think is likely to occur. This is what I believe can happen.
Boost the post if you agree with my analysis.
Trade the TREND with 4 Trend Indicators4 Trend Indicators you can use to identify the current MACRO Trend.
It's always important to know where your market is currently trading. Is it bullish, bearish, or range trading? If you have established the trend, you can trade with the trend instead of against it. Trading against the trend ( for example shorting during a bullish cycle ) adds unnecessary risk to an already risky trade (leverage).
1) Bollinger Bands
2) Logarithmic View
3) Super Trend
4) Moving Averages + RSI
Let me know how YOU determine the macro trend!
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BINANCE:DOGEUSDT MEXC:ETHUSDT KRAKEN:BTCUSD COINBASE:SOLUSD
Solana - TWO Bearish IndicationsSolana has lost a longstanding trendline that acted as support since October 2023. The price has been unable to bounce back, and we're seeing a steep decline as bears are outweighing buyers:
A Technical Indicator (which I use mainly to determine trend swings from a macro perspective) has just flashed SELL in the weekly timeframe. Now based on previous instances, this took us MUCH lower. These alerts happen in real time when a certain conglomeration of parameters are met (based on Strength, Trend, Averages, Real Time) and so naturally, the higher the timeframe the better the result:
The only way we will be safeguarded against a steep incoming drop, is if the price can reclaim the green trendline in the Weekly Timeframe. From a candlestick analysis perspective, seeing Three White Soldiers in the daily could be a step in the right direction ( which is UP ).
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COINBASE:SOLUSD
A stock which refuses to come down : AstralA fundamentally good company is running with good momentum. A healthy bull run with consolidation in between too. The upmove remains intact with support of volumes and DMI indicating there is still potential strength in the bullish momentum.
My view is to buy with an open target and SL trailing with the EMA
Bollinger Bands, Moving Averages, and Stochastic Oscillator* LIVE TRADING *
This is not a get rich quick scheme, if you have the time to study and practice this video it will give great insight on how price moves. Add the indicators to your chart and see if the 3 main signals create entry points for trades
3 Main Signals:
- Stochastic (settings) 14,3,3 with %K marked as RED and %D marked as GREEN (inversed from default)
- CM_Williams_Vix _Fix
- Bollinger Bands (default settings)
Extremely insightful example of how specific indicators correlate to create a trade setup. What the trade setup looks like and how you can practice it in real time. Time Frame Reference and how they mix. Calling out candlesticks as they populate.
Indicators (all indicators from Trading View indicator library):
- Stochastic (settings) 14,3,3 with %K marked as RED and %D marked as GREEN (inversed from default)
- CM_Williams_Vix _Fix
- Volume
- Bollinger Bands (default settings)
- TEMA - settings 9 EMA purple, 50 EMA yellow, 200 EMA black
- Divergence for many V3
RSI Indicator LIES! Untold Truth About RSI!
The Relative Strength Index (RSI) is a classic technical indicator that is applied to identify the overbought and oversold states of the market.
While the RSI looks simple to use, there is one important element in it that many traders forget about: it's a lagging indicator.
This means it reacts to past price movements rather than predicting future ones. This inherent lag can sometimes mislead traders, particularly when the markets are volatile or trade in a strong bullish/bearish trend.
In this article, we will discuss the situations when RSI indicator will lie to you. We will go through the instances when the indicator should not be relied and not used on, and I will explain to you the best strategy to apply RSI.
Relative Strength Index analyzes the price movements over a specific time period and displays a score between 0 and 100.
Generally, an RSI above 70 suggests an overbought condition, while an RSI below 30 suggests an oversold condition.
By itself, the overbought and overbought conditions give poor signals, simply because the market may remain in these conditions for a substantial period of time.
Take a look at a price action on GBPCHF. After the indicator showed the oversold condition, the pair dropped 150 pips lower before the reversal initiated.
So as an extra confirmation , traders prefer to look for RSI divergence - the situation when the price action and indicator move in the opposite direction.
Above is the example of RSI divergence: Crude Oil formed a sequence of higher highs, while the indicator formed a higher high with a consequent lower high. That confirmed the overbought state of the market, and a bearish reversal followed.
However, only few knows that even a divergence will provide accurate signals only in some particular instances.
When you identified RSI divergence, make sure that it happened after a test of an important key level.
Historical structures increase the probability that the RSI divergence will accurately indicate the reversal.
Above is the example how RSI divergence gave a false signal on USDCAD.
However, the divergence that followed after a test of a key level, gave a strong bearish signal.
There are much better situations when RSI can be applied, but we will discuss later on, for now, the main conclusion is that
RSI Divergence beyond key levels most of the time will provide low accuracy signals.
But there is one particular case, when RSI divergence will give the worst, the most terrible signal.
In very rare situations, the market may trade in a strong bullish trend, in the uncharted territory, where there are no historical price levels.
In such cases, RSI bullish divergence will constantly lie , making retail traders short constantly and lose their money.
Here is what happens with Gold on a daily.
The market is trading in the uncharted territory, updated the All-Time Highs daily.
Even though there is a clear overbought state and a divergence,
the market keeps growing.
Only few knows, however, that even though RSI is considered to be a reversal, counter trend indicator, it can be applied for trend following trading.
On a daily time frame, after the price sets a new high, wait for a pullback to a key horizontal support.
Your bullish signal, will be a bearish divergence on an hourly time frame.
Here is how the price retested a support based on a previous ATH on Gold. After it approached a broken structure, we see a confirmed bearish divergence.
That gives a perfect trend-following signal to buy the market.
A strong bullish rally followed then.
RSI indicator is a very powerful tool, that many traders apply incorrectly.
When the market is trading in a strong trend, this indicator can be perfectly applied for following the trend, not going against that.
I hope that the cases that I described will help you not lose money, trading with Relative Strength Index.
❤️Please, support my work with like, thank you!❤️
GBPUSD Next week expectation #GBPUSD Next week..!
After ending Friday the pair broke the 4H support level 1.2712 - 1.2703 area. Currently running between the Decending Channel.
Next week the price will retest the above resistance area. Once the bear market is retested. Wait for selling the gbpusd as a swim trader. Scalpers can get selling in 1.27014 to 1.2657 level.
*My expectation not suggested.
GOLD Next week expectation #XAUUSD Next week..!
This week gold reached the resistance zone 2238.00 - 2241.00 area. And pull back to 2295.00 level. Already pullback with the trend line and i Expect gold will be ready to retest the 2281.00 -2286.00 support area.
If unfortunately broke the current resistance I expected the price will make a bullish movement and will reach for 2368.00 - 2376.00 level.
GOLD Next week expectation #XAUUSD Next week..!
This week gold reached the resistance zone 2238.00 - 2241.00 area. And pull back to 2295.00 level. Already pullback with the trend line and i Expect gold will be ready to retest the 2281.00 -2286.00 support area.
If unfortunately broke the current resistance I expected the price will make a bullish movement and will reach for 2368.00 - 2376.00 level.
Solana - Why You NEED THIS Indicator📢COINBASE:SOLUSD
SOL is flashing some bullish signs on the indicator and it seems that we're gearing up for another move towards the upside. This is the indicator that I used to call the new BTC bullish cycle in November last year, as seen below:
In 3 short minutes, we'll discuss the functionality of this technical indicator and why it's really helpful when monitoring the market.
Make sure you don't miss my most recent update on BTC, and why I say another ATH is imminent:
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$GME: The Next Big Move You Don't Want To Miss 🚀Hi everyone,
Welcome back to another technical analysis update that has proven effective! Here's a quick recap:
RECAP:
Using our MTTSA/Metric Pro indicators, the price moved above the hourly mark indicating an upward trajectory toward the daily mark, which it successfully reached. After a brief dip to the $10.70 range, it climbed back above the hourly and broke past the daily level. The price then ascended to the weekly resistance, previously unbroken in three attempts, but this time, GME surged through it, reaching a new daily high of $17.43.
CURRENT STATUS:
I believe the options chain is primed for a Gamma Squeeze, marking the beginning of a potential major move toward the monthly resistance at $20.
What is a Gamma Squeeze?
A gamma squeeze occurs when the price of a stock rises sharply as market makers who sold call options must buy more of the stock to hedge against their increasing exposure, thus driving the price even higher.
CURRENT STATUS cont.:
If GME can surpass and sustain above this level, we might witness a squeeze surpassing the one from 2021. Using the Fibonacci sequence from the top of 2021 to the recent low, our targets are: 0.236 ($17.92), 0.382 ($25.79), 0.5 ($34.63), 0.618 ($46.49), and 1.618 ($564.22). GME needs to break past the 0.236 level to progress to the 0.382. Watch for resistance at the 0.5 and 0.618 levels. Additionally, GameStop has broken out of a three-year wedge pattern, which could be significant.
DOWNSIDE SCENARIO:
Should there be a retracement, look for GME to potentially fall back to the weekly level at $14.36.
CONCLUSION:
As always, this isn't financial advice, but prepare yourselves—this could be a monumental ride past the moon, heading straight to Pluto and beyond!
Premium Bearish Gold idea $$$ #xauusd XAU/USD is currently bearish for next 4 hours due to the strength of the US dollar, easing geopolitical tensions, and technical indicators showing downward momentum. Traders may consider shorting the currency pair with tight stop-loss orders to capitalize on the bearish trend.
Entry 2348.56
SL 2351.30
Target 2335.67
#XAU/USD #daytrading #bearish #USDstrength #geopoliticaltensions #technicalindicators
Thanks for tuning in Trade God out
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🚨$DJT: It's Not Over Part 2! Update! Hey everyone,
As mentioned earlier, DJ:DJT showed potential for a bullish move with a weekly crossover above the monthly, signaling strength in the coming weeks/month. On Friday, DJT achieved the weekly crossover over the monthly for the first time! When MTTSA indicators crossover to the upside, it indicates a significant price acceleration. For instance, in January, when the hourly crossed over the monthly, the price surged by approximately 100%. Subsequently, when the daily followed suit, the stock experienced another robust uptrend.
Our initial price target stands at $57. We anticipate some resistance at this level, although the stock has already breached the 0.236 and tested the 0.382 levels. A decisive breakthrough from here would likely lead to tests of the 0.5 and eventually the 0.618 levels.
It's worth noting that there's a gap to be filled around $61.
Metric Pro indicator is suggesting that liquidity is very good and price will continue to the upside.
In conclusion, we're keeping an eye on the daily for support, with significant support levels at the weekly and monthly. It turns out, the markets don't really care about your thoughts and feelings because the algorithm is pointing a bullish run very soon. Stay tuned!
Expect breakout soonSleepy alligator on M chart. I expect upside breakout soon. Should happen this summer.
$GME 🚀 It's Moon Time! PT:$11.56 & $14.37Hello everyone,
I know you all have been waiting for a big update. Here is the tea:
First PT coming in at the daily at $11.56. Break above the daily and the next PT is at the weekly $14.37. These two will act as very hard resistance and if both are to break then we will head to the monthly at $21.10, but we will analyze that part when we cross that bridge.
RSI indicates that GME is in the bull zone right now. The MACD is slowly curling up and if the lines cross above the 0 line, then that would indicate a very very bullish signal.
If GME rejects the daily, then price will trend lower and will test the hourly at around $10.62ish.
Anyways, there is room to run here folks! Strap in because this is just the beginning. $9.94 was the low and it won't be returning there anytime soon.
Not financial or sexual advice.
SWING IDEA - TATA COMMThis stock looks good for a swing trade.
Reasons are stated below :
1566 levels acted as a resistance but the price broke that level and now its retesting the same.
Formed a morning star pattern on daily time frame.
0.5 level Fibonacci support.
50EMA support on daily time frame.
target - 1950
stoploss - 1508
Best SUPPORT and RESISTANCE Indicator to Identify Key Levels
In this article, I will show you a simple technical indicator that will help you to identify support and resistance levels easily trading any financial market.
And what I like about this indicator is that it is absolutely free and it is available on all popular trading platforms: tradingview, meta trader 4, meta trader 5, etc.
This indicator is called Zig Zag.
After adding the indicator, the price chart will look like that.
First, I recommend changing its settings.
Price deviation - 1.5
Pivot legs - 5
Here are the inputs that I recommend for structure analysis on a daily time frame.
And in style remove labels because they really distract.
What this technical indicator does, it underlines the significant impulse legs. The completion and initial points of the impulses will be the important structures.
Your key structures will be the areas based on the initial/completion points of impulses based on wicks and candle closes.
A key horizontal support will be based on the initial point of the impulse and the lowest candle close.
Key supports will be all the structures that are below current price levels.
A key horizontal resistance will be based on the initial point of the impulse and the highest candle close.
Key resistances will be all the structures that are above current price levels.
Also, the completion/initial points of the impulses will occasionally compose the vertical structures - the trend lines.
Underline all the supports/resistances based on Zig Zag indicator.
All these structures are significant and can be applied for pullback/breakout trading.
Also, remember that you can modify the inputs of the indicator.
Increase Price deviation and Pivot legs number will show the stronger structures, while decreasing these numbers more structures will appear on the chart.
On the left chart:
Price deviation - 1.5
Pivot legs - 5
On the right chart:
Price deviation - 5
Pivot legs - 10
The right chart shows just 2 structures, but very important ones.
This indicator is very powerful and it can help you a lot in learning structure analysis.
❤️Please, support my work with like, thank you!❤️
🧑🎓 XAU/USD ANALYSE 📈 I UPDATED MORE READ THE CAPTION?By world 🌍 Forex’ Traders Hello 👋 traders
"Gold Market Analysis 💡
4H Time Frame Chart 📊
_Bearish Signal 🚨_
We're seeing a potential short opportunity in the gold market, with a current price of $2378. Our target is $2287, which is a key support level. A breakdown below this level could lead to a significant price drop 💸.
_Analysis 🤔_
The 4H time frame chart shows a bearish trend, with a series of lower highs and lower lows. The Relative Strength Index (RSI) is also indicating a bearish signal, with a reading of . The Moving Averages are aligned, providing additional confirmation for a short position 📈.
_Trade Strategy 💰_
Sell: $2378 (short)
Target: $2287 (next support level)
Stop Loss: $2420 (bearish warning) ⚠️
Note: This analysis is based on a 4H time frame chart and is subject to market changes and fluctuations. Always use proper risk management techniques and consult with a financial advisor if necessary.
Follow me for more market insights and analysis! #goldmarket #forex #tradingview 💼"
🐂 XAU/USD : LONG SIGNAL BULL 🐂 CHANNEL ⤵ more updates (READ THHere's a sample text you can use for your gold analysis update:
_Title:_ Gold Analysis Update: Bullish Target in Sight!
_Summary:_
"Gold is looking bullish! My analysis indicates a target of $2339, with a potential upside to $2379. The recent price action has formed a bullish channel, and the RSI indicator is showing a positive divergence. If the metal can break through the $2339 level, we could see a swift move to $2379. Keep a close eye on this key level for further direction. Let's see if gold can reach for the highs!"
_Additional points to consider:_
- You can mention any relevant news or events that may be impacting gold prices (e.g. interest rate decisions, geopolitical tensions)
- You can highlight any key technical indicators or chart patterns that support your analysis (e.g. moving averages, Bollinger Bands)
- You can provide a brief outlook for the short-term and long-term prospects for gold
Here's an example of how you can present your analysis in a more visually appealing way:
"Gold Analysis Update
- Target: $2339
- Bullish Target: $2379
- Key Level: $2339
- RSI Indicator: Positive Divergence
- Chart Pattern: Bullish Channelb]Let's see if gold ca
[/n reach for the highs! #GoldAnalysis #BullishTarget #TradingView #wolrdforexttaders
Remember to keep your text concise and focused on the key points of your analysis. Good luck with your trading!
🚨$DJT: It's Not Over Yet! 🚀🚀🚀Hi everyone,
Despite a significant drop of 21% today, our indicators suggest the downtrend might not persist. A rebound above the daily level could signal a bullish trend, potentially leading to a weekly cross above the monthly. This could aim the price towards the $63 mark, aligning with the 0.618 Fibonacci resistance level. Conversely, if the price dips below the daily level, the monthly level could offer support. Let's see where this goes in the next few weeks.
Good luck!
GOLD 3 H TIME FRAM Full ? UPDATE READ THE CAPTION)⤵⤵🙏Hy traders Gold pair price All time high Bullish I want to agent Gold Bull 🐂 Gold pair price test New Ath 2340 NFP Gold pair price test 2280 agent Gold pullback bullish patterns testing 2329.
T echnical analysis update 3H time frame.
Analysis update 3H time frame update above avrege levels all target done ✅💯
2174 Berak above average 2188 + 2208 DONE ✅
2204 Break above avrege 2230+2250 DONE ✅
2250 Break above avrege 2263 +2290 DONE ✅
2290 Break above avrege 2300
+ 2324 DONE ✅
All above avrege levels successful 😄 closing trade have you good weekend 🎉
$GME: 🚨Most Important TA Ever Part 2 Heading Back to $14🚀🚀🚀Hi everyone,
Financials
GameStop is in an exciting phase of transformation and financial stabilization, as shown by its latest financial report. The company has successfully turned a significant loss into a net income, indicating not just resilience but strategic navigation through market challenges. A standout is the positive shift in EBITDA to $64.7 million, signifying GameStop's improved operational efficiency and ability to generate profit from its core activities. Despite a dip in net sales, GameStop has showcased excellent cost management and maintained strong liquidity. This, combined with strategic leadership enhancements, positions GameStop well for tapping into the evolving gaming and retail sectors. For investors, the improvement in EBITDA is a positive sign of GameStop's growing ability to fund operations, invest in growth, and potentially offer shareholder value from its main business operations, rather than relying on financial maneuvers or asset sales. This makes GameStop a compelling investment choice for those interested in a turnaround story within the dynamic retail and gaming markets.
Technical Analysis
Every time GameStop has made a double bottom, there has been a significant rebound to the upside.
May '21 + Aug '21 (+80%)
Mar '22 + May '22 (+149%)
Jan '23 + Mar '23 (+79%)
Nov '23 + Apr '24? (+?%)
The indicators continue to show a bearish trend, suggesting a potential further decrease in price. NYSE:GME recently touched the 0.786 Fibonacci retracement level. If positive news or market actions occur, there's a chance for a rebound up to the daily resistance.
Downside PT: $10.68
Upside PT: $14 and $15. (Price needs to stay above $12.78 for this to potentially play out).
Will be updating this as it plays out.
All the best!
Good luck and not financial or sexual advice. :)
