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GBPJPY Short at supply areaGBPJPY has retraced to a 30 minute supply area. The newly established 30 minute downtrend and the broken uptrend (red trendline) indicates that the higher timeframe's (8hr, originally from a 2 day chart) gray supply area is holding and that sellers are pushing down from this area. Hopefully we can get a small bounce for a 1:1 Risk:Reward, as indicated on the chart. Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while. Take care, TheSupportResistanceTrader
Short
by TheSupportResistanceTrader
GU Buy stop placedIF/WHEN GBPUSD reverses and heads into an uptrend I have set a buy stop to be ready. I forsee the weekly timeframe forming a large M structure out of a larger W. At this point the M would be in the middle point or the B point of an XABCD harmonic. I came to this conclusion through seeing the downward pressure slow and weaken. Shorter lows and higher highs. There is no guarantee that this is the beiginning of a reversal although these higher lows and higher highs would be the first indication of such. The next confirmation for an uptrend would be a break of the downward trendline touching the past highs on the daily timeframe as price has made its way downwards.
Long
by nicktarver144
$BBBY: #Bullish #Long while market still shaky. Best Candidate?!I am interested in BBBY I've used 3 timeframes for overall analysis. Current Price: $20.05 Current Support: $18.70, $16.40 Current Resistance: $20.80, 23.80, 26.25, 30.60 Observation of each #frame: 1. Monthly frame: - Respected the support at $16.40 - Out of Curved channel resistance to sideway. - Volume shows increasing quantity for the last 12 months. likely Collection of big institutions/funds. - RSI just crossed above 30. A RSI Support from Oct 2008 till June 2017 (10Yr), then become resistance (June17-June18). Despite the crossing above 30, the Reading still Down trending. - RSI is almost crossing above RSIwma45 during current month of June 18. - Cardwell's (cfg) shows an increasing tip toward 50Level (an Uptrend signal for CFG>50) 2. Daily frame - Resistance at $20.80, $23.80, $26.25. - Support line at 19.10, 18.80 - WMA45 support at $18.87 - gap up closed, and still prices are retraced 5.31% from the 20.80 high. too early to be sure, but for now, it looks holding above the end of gap. - Support/Resistance proven trend-line (white-color) adding current down pressure. - RSI crossed above 60 at breakout of 18.20 reaching 76, retracing to 55-65 while price hold above WMA support. - Daily RSI retracing is a signal for weekly being at resistance. Weekly RSI resistance is 50, a critical resistance if Price would start up trending. 3. 4H frame - I use 4H frame for stocks to spot early strong RSI Reversals. Check the strong PR happened between 40-60 zone last two weeks of May. - currently, RSI under pressure by RSIwma45 in teh 4H frame as Daily RSI is retracing (breathing). First Entry should been made at breakout out of ~18.5 June 5th. Second Entry would likely be: - at breakout of inclined resistance (daily frame) - and horizontal resistance at 20.50 - 21.00 - keep observing for strong PR signal in 4H frame - This should also be coincide with RSI/Price being positive on Daily frame. - Volume above average, as confirmation. Final Note: $SPX, $COMP, and $DJI are a bit shaky. $BBBY will be entered only in stages, and with market overall indices being mostly positive (No NR nor Support breakouts). Best time to by the stock is at Index starting new uptrend. Keep your eye wide open on market index. Makr sure stock remain positive at timeframe correlation perspective. because it'd quickly turned risky if break ones of current major supports and would likely turned into something totally different that what we are looking for now. **The best candidate is ones with positive technical symptoms while market at end of sideway/downtrend shaken period**. Will be updated ...
NASDAQ:BBBYLong
by tatrader77
Bitcoin's possible moves to its fall targetHere I compare price behavior in two types of intervals whilst comparing the 2014 & 2018 bear marketing starting from the new year. Jan-Oct 2014 bear market: Red periods averaged 11.4% moves whilst Purple periods averaged 12.2% moves (from period candle close to close). Red periods saw twice as well downward moves, meanwhile Purple periods were 3.5x likely to be downward moves. Jan-Oct 2018 bear market: Red periods averaged 22% moves whilst Purple periods averaged 30% moves (from period candle close to close).
BITFINEX:BTCUSDShort
by ikeel
Possible SPY Move Here (Bullish Scenario)Hey Guys, things seem to be looking up a lot for the SPY, here seems to be one of the many scenarios here that could play out. The SPY seemed to have a fantastic run up here with a slight retractment (B-C) and a possible measured move up to D. Only problem is, that if D is reached, the SPY will have to be completely gassed, meaning it's best to wait for a retractment. We seem to have a band of VWAP here that could act as possible support coming up soon, the area circled is an area of marked interest. The 50% retractment seems to match up fantastically with the VWAPS, as well as the former resistance line from the early January Drop. If the SPY retracts to there, we could see a fantastic buying opportunity with an even better stop loss position, and this would be one of my preferred scenarios. With that being said though, the most important thing to remember is that preference is just that, a preference! It's not a guarantee and no matter how hard I want or believe, it in no way means this outcome will happen, just one of many high probability outcomes. Always antacipate before you particpate! The market can move in any direction it pleases, just try to listen to it! In other news, let's take a lot at the shorter 30 Minute Chart: As you can see, the really thick purple line is the 5-Day MA, and it's sloping up beautifully, ichimoku is looking great. Longer time-frame: 200 is still rising, we're finally above the 50 Day MA, and 20 DMA is about to finally cross 50 DMA, so things are looking good (for now). Probably the most important thing I'm about to say this entire post: Do not, and I mean Do not in any way, shape, or form, CHASE!!! We're getting so overbought right now and the SPY, even though it's not showing it right this second, is getting weak! Chasing prices makes your stop losses ridiculously large, so just wait for a retractment here and let's see if we can get in at a better price! That's all guys, any questions, leave them down in the comments below. I know I haven't posted in a while, just been busy. Let me know what you think.
AMEX:SPYLong
by croganm
7
Wall street update: Decision timeWall street and many other stock indices are at critical positions. In this video I drill into the action today, from the monthly down into the 5 min time frame, approaching end of the day's session. The GER30 is in a critical position and fighting hard to stay afloat. It rules the world. In general the GER30 does not like a strong EURUSD. And the US30 does not like a weak USDollar. And we're seeing some downside movement on the USDollar basket and upside on the EURUSD. This is good for neither side of the Atlantic. If this keeps up it will add to bearish pressure.
FX:US30
by Captain_Walker
Facebook Drop PredictionGiven the recent Cambridge Analytica scandal as well as what happened to the launch of some FB products as well as their API system, things are not looking good. Also the #DeleteFacebook party led by WhatsApp's Co-Founder isn't having investors amused. While Facebook will most likely recover, this is one of the first time their stocks had such a large dip in price. The rebound period will take a while given the whole outlash in the market as well as how the public views Facebook as of now.
NASDAQ:METAShort
by gamer456148
Ethereum struggling to go up with confidenceHello everyone. What i showed in this chart is a clear support and resistance zones from previous pushes and pulls, as well as a big fib retracement showing that we have a MAJOR support line between 765 and 780$. Also, we have somewhat a strange situation upwards, since even though major resistance is high up, between 970 and 1000$, judging by previous resistance and fib retracements, we dont have much buying power to go to the upside, which is shown on the volume chart. Also, we are heading upwards straight into 4h 100 moving average. On top of that, we are not overbought or oversold yet on the RSI side, but it still shows uncertainty towards the upside. I'd say this is a no trade zone for me, since the upside isn't big enough for me to enter such a risky trade. Time will tell where ethereum goes, but so far, it's a stalemate.
BITFINEX:ETHUSD
by CryptoNapp
Steel is looking AMAZING right now!!!!!Hey Guys, Gonna make this very quick. Steel is looking ridiculous right now. It broke out of its logarithmic resistance (extremely hard thing to do, took around 8 years), is at a daily resistance right now of around 51.60, and has fantastic potential to jump up to 57.00-58.00 MINIMUM, 76.00 being Aggressive. That doesn't even include the new tariff Trump put in place! I don't prefer to invest in ETF's, so I've found some very specific steel or steel-related value stocks who have grown with the same correlation as the ETF but at a faster Rate of Change. I posted about one recently, VALE, so feel free to check that one out. There are still a couple of gems I've found that I haven't posted about, so see if you can go find them on your own!! Always try to diversify portfolio's anyway but not in some random, bullshit way. Try to find sectors or stocks with high growth potential and diversify among a couple of them! Steel is a great diversification from Technology so if you have a Nasdaq heavy portfolio, feel free to add some steel to it! I wouldn't invest yet though, if we break 52 with good volume though, 57 should be achievable in no time and the 5-Day MA should begin to slope upward. Remember though, do not, and I mean ever, for anybody, follow their advice blindly. I'm not licensed in any way shape or form, just interested to share my ideas with y'all and start a discussion, so make sure to do your own DD! Any questions, leave them down below!
AMEX:SLXLong
by croganm
2
Bullish Move Upward by BTC!This is definitely going to be one of my shorter post, but I do want to mention that BTC is looking really good right now. Positive sloping 5-Day Moving Average, extremely bullish ichimoku, and most importantly, BTC has finally crossed it's yearly VWAP!!! Daily time frame is looking decent as well, we should go to 12k before seeing some resistance and falling back down to the 50 MA, and although uptrend not confirmed, I wouldn't bet against BTC right now. Just my 2 cents.
COINBASE:BTCUSDLong
by croganm
The Support Line: EP1 -- Scales Hello traders, investors, and the curious alike! This is my new series called The Support Line . To get the chart from any of The Support Line's episodes, you can scroll down to "related ideas" below the write-up and select the episode # along with its chart. It will always be there! This gives you the ability ot share it back here, and our community can help and work with you! Here we will talk about some of the more fundamental points of technical analysis, helping us become better chartists. Some of our advanced users may be able to brush up on information here, and perhaps fill in gaps of things they didn't know. Our newer users should expect to build a better base, and have a good foundation for more advanced concepts later. Please help me out with suggestions for what our next talk should be about!! Leave me a note in the comments, and we'll make sure we get to it as soon as possible! Thanks ! Lets get our pencils out and get to work!
COINBASE:ETHUSDEducation
by blessmywork
10