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TradingView Masterclass: Create your perfect chartDive into this video for a hands-on masterclass on TradingView's chart settings, created just for you! From the general themes to the smallest details, you'll learn how to fully customize your charts to match your unique trading style and preferences. Discover how to access and adjust every aspect of your charts, making sure they look, present data, and integrate trading features exactly how you want. Here is what we'll cover in the video: Make your data beautiful : Tweak symbol settings, particularly candlesticks, learning to modify colors, borders, and wicks for clarity in how you see the data. Status Line Insights : Adjust the status line to display the information you need at a glance, keeping your charts clean and focused. Scales and Lines : Adjust scales and lines for a clearer understanding of price movements and timelines. Canvas Customization : Learn how to set the perfect background for your charts, adjusting colors, grid lines, and visibility of indicators for a personalized analysis space. Integrate Trading and Events : Enhance your charts by integrating trading features and real-time events like news, earnings, and dividends, offering a complete market view directly on your chart. Create Your Perfect Chart: Now it's your turn. Experiment with settings to find your perfect chart setup and learn how to save and access your preferred layouts and templates efficiently. Let's unlock the full potential of your charts together! 💡Tip: Discover additional tutorials on our YouTube channel , and keep an eye out for new video content we're incorporating into articles in our Help Center .
Editors' picks
SP:SPXEducation
by TradingView
18
#BTC is breaking out of this ascending triangle!Bitcoin (BTC) is showing signs of a potential bullish rally of around 15–17%. BTC currently breaking out of this ascending triangle, with an attempt to surpass the crucial resistance level of 69k. Expecting a 15% to 17% rally after the breakout and retest of this pattern. In the event of a worst-case scenario, where the bulls fail to hold the support at 66k, Bitcoin may test the support area of 60k. Stay tuned I will keep updating.
Long
by CRYPTOMOJO_TA
9
What is Dow Theory?The Dow Theory is a financial concept based on a set of ideas from Charles H. Dow‘s writings. Fundamentally, it states that a notable change between bull and bear trend in a stock market will occur when index confirm it. The trend that is recognized is considered valid when there is strong evidence supporting it. The theory states that if two indicators move in the same way, the primary trend that is identified is genuine. However, if the two indicators don’t align, then there is no clear trend. This approach mainly focuses on changes in prices and trading volumes. It uses visual representations and compares different indicators to identify and understand trends. Dow Theory: The Dow Theory originated from the analysis of market price movements and speculative viewpoints proposed by Charles H. Dow. It served as a fundamental building block for technical analysis, especially in a time when modern software-based technical analysis tools did not exist. Robert Rhea’s book “The Dow Theory” thoroughly explores the evolution and significance of the theory in speculative endeavours, closely examining the Wall Street Journal editorials written by Charles H. Dow and William Peter Hamilton in the 19th century. This theory represents one of the earliest efforts to comprehend the market by considering fundamental factors that provide insights into future trends. The main version of the theory primarily focuses on comparing the closing prices of two averages: the Dow Jones Rail (or Transportation) (DJT) and the Dow Jones Industrial (DJI). The premise was that if one average surpassed a specific level, the other average would eventually follow suit. Dow used an analogy to illustrate this concept, likening the market to the ocean. He explained that just as waves rise to a certain point on one side of the beach, waves on another part of the beach will eventually reach that same point. Similarly, in the market, different sectors are interconnected, and when one sector shows a particular trend, others tend to follow suit as they are part of a larger whole. The Paradigms of Dow Theory: To comprehend the theory, it is essential to grasp the various rules formulated by Dow. These principles, often referred to as the tenets of Dow theory, serve as guiding paradigms Three major market trends: The tenets of Dow Theory classify trends based on their duration into primary, secondary, and minor trends. Primary trends can be either upward (uptrend) or downward (downtrend) and can last for months to years. Secondary trends move in the opposite direction to the primary trend and typically last for weeks or a few months. Minor trends, on the other hand, are considered insignificant variations that occur over a shorter time span, ranging from a few hours to weeks, and are considered less significant than the primary and secondary trends. Primary trends have three distinct phases: Bear markets can be divided into three distinct phases: distribution, public participation, and panic. In the distribution phase, there is a gradual selling off of assets by investors. The public participation phase occurs when more individual investors start selling their holdings, leading to a broader decline in the market. The panic phase is characterized by widespread fear and selling pressure, often resulting in a sharp and rapid decline in prices. On the other hand, bull markets experience three phases: accumulation, public participation, and excess. During the accumulation phase, astute investors start buying assets at lower prices, anticipating an upward trend. The public participation phase occurs as more investors join the market and buy assets, contributing to the market’s upward momentum. The excess phase represents a period of exuberance and speculative buying, often marked by overvaluation and unsustainable price increases. Stock market discount everything: Market indexes are highly responsive to various types of information. They can reflect the overall condition of an entity or the economy as a whole. For example, any significant economic events or problems in company management can impact stock prices and cause movements in the indexes, either upward or downward. Trend confirms with volume: When there is an uptrend, trading volume rises and decreases while a downtrend starts Index confirm each other: When multiple indices move in a consistent manner, following the same pattern, it indicates the presence of a trend. This alignment among indices provides a strong signal of market direction. However, when two indices move in opposite directions, it becomes challenging to determine a clear trend. In such cases, conflicting signals make it difficult to deduce a definitive market trend. Trends continue until solid factors imply the reversal: Traders should be careful of trend reversals, as they can often be mistaken for secondary trends. To avoid this confusion, Dow advises investors to exercise caution and verify trends with multiple sources before considering it a genuine reversal. How Does Dow Theory Work in Technical Analysis? The Dow Theory played a crucial role in the development of technical analysis in the stock market and served as its foundational principle. Which, approach to analysis highlights the importance of closely observing market data to identify trends, reversals, and optimal entry and exit points for maximizing profits. As the market is considered an indicator of future performance, the application of technical analysis based on the Dow Theory helps investors make profitable trading decisions by identifying established long-term, mid-term, or short-term trends. By using this approach, investors can gain insights into market dynamics and make informed decisions to enhance their trading outcomes. In conclusion: The Dow Theory has significantly influenced technical analysis in the stock market, serving as a cornerstone for its development and advancement. By analysing the careful examination of market data, this theory helps traders to identify trends, spot reversals, and determine optimal buy and sell points for maximizing profits. The market itself is considered a reliable indicator of future performance, and technical analysis aligned with the Dow Theory assists investors in making profitable trading decisions by detecting established long-term, mid-term, or short-term trends. By using this analytical framework, investors can gain valuable insights into market behaviour and make well-informed choices to improve their trading outcomes. The Dow Theory’s enduring impact continues to guide traders in their pursuit of success in the dynamic world of stock market investing. ___________________________ 💻📞☎️ always do your research. 💌📫📃 If you have any questions, you can write me in the comments below, and I will answer them. 📊📌❤️And please don't forget to support this idea with your likes and comment
NSE:NIFTYEducation
by khushaljain023
Trading Plan for Tuesday, March 19th, 2024Trading Plan for Tuesday, March 19th, 2024 Market Sentiment: Cautious ahead of FOMC decision Weekly Volatility Risk: High (amplified by FOMC) Supports to Watch: Immediate Supports: 5209, 5203 (major), 5191, 5182-77 (major support/triangle), 5171, 5165, 5157-55 (major), 5147, 5136, 5124-26 (major), 5115 (major), 5109, 5103, 5095 (major), 5087, 5083 (major), 5076 (major), 5072, 5066, 5060, 5055 (major) Resistances to Monitor: Key Resistances: 5215-20 (major), 5230, 5236 (major), 5246-50 (major - triangle resistance), 5257, 5264, 5270, 5275-77 (major), 5283, 5295-5300 (major), 5306, 5313 (major), 5326, 5333, 5340, 5355, 5362-66 (major), 5370, 5377, 5385, 5395 (major), 5400-5405 (major) Trading Strategy: FOMC Focus Holding Pattern: The market might be on hold until the FOMC announcement, so pre-announcement moves may lack conviction. Triangle Trading: The triangle setup with resistance at 5246-50 and support around 5182-77 defines the range for today. Profit-taking at each end of the range is advisable. Long Opportunities: Look for potential long entries at 5203 (especially if it's a major support test). Below that, interest in longs arises at the triangle support (5182-77). Avoid aggressive longs below 5182-77 with more substantial sell-offs possible. Short Opportunities (For experienced traders): Watch for short entries on failed breakdowns or bounces off resistance. FOMC Volatility: Expect increased volatility during and after the FOMC announcement. Bull Case Triangle Support: Bulls need to defend the triangle support at 5182-77. Holding above this level allows for a potential retest of 5245-50 resistance within the triangle. Building a Base: Overnight basing below 5215-20 and above 5202/5209 support suggests potential for an upside move. Breakout Potential: A decisive breakout above the triangle resistance at 5246-50, likely post-FOMC, could lead to targets at 5275-77 and then the 5295-5300 zone. Bear Case Breakdown Signals: Breakdown below the triangle support at 5182-77 could trigger significant selling pressure. Watch for shorting opportunities on failed breakdowns or bounces. Cascading Sell-off: If 5202 support fails, a deeper test of the triangle support is possible, potentially leading to a more severe correction. News: Top Stories for March 19th, 2024 FOMC Decision: The Federal Reserve concludes its March meeting, with a decision on interest rates expected at 2 PM ET, followed by a press conference with Chair Jerome Powell. Focus is on the Fed's outlook, dot plot projections, and any hints on the timing of potential rate cuts Banking Concerns: Economists warn of a potential new banking crisis triggered by the end of the Federal Reserve's BTFP program and potential geopolitical disruptions to credit markets. Economic Outlook: Recent economic indicators suggest a mixed picture. Fourth-quarter GDP growth was impressive, while the Conference Board's leading economic index signals a potential slowdown. Market Performance: Market volatility could spike around the FOMC decision. Long-term investors are focused on the Fed's interest rate path and its impact on earnings and valuations. Global Trends: The end of the negative interest rate era, the decline in North American Pay TV subscribers, and strategic CFO priorities highlight key global shifts. Remember: The FOMC decision has the potential to cause significant market volatility. Be prepared to adapt your trading strategy accordingly, prioritize capital preservation, and focus on managing risk.
CME_MINI:ESM2024
by spytradingpro
Live tradingview watchlists for binance spot, margin and futuresIf you want the most recent binance pairs to import into tradingview you can head over to satval.com and click on the list of your choice. Then click on the watchlist icon (top right), click on the three horizontal dots (menu) and click import list. Then upload the text file that you just downloaded from satval.com. The satval.com list is up to date, pulled live from binance when you download it. So visit up on a weekly basis and update your watchlists. Give me a like if you like. You can also check out and help test our tradingview to discord alert notes.
by Braller
6
Trading Plan for Monday, March 18th, 2024Trading Plan for Monday, March 18th, 2024 Market Sentiment: Cautious, watching key support levels Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5171-73 (major), 5167, 5162, 5152-55 (major), 5147, 5136, 5127 (major), 5115 (major), 5109, 5104, 5092 (major), 5083 (major). Resistances to Monitor: Key Resistances: 5181, 5191, 5202 (major), 5207, 5213 (major), 5220-24 (major), 5230, 5236, 5246-51 (major), 5260, 5267 (major), 5280, 5285, 5294 (major), 5300, 5304 (major), 5315, 5320-22 (major), 5332, 5340, 5345, 5354-57 (major) Trading Strategy: Pivot Point: The 5171-73 support (white trendline) is crucial. A potential bounce is possible, but exercise caution as significant selling pressure could develop if this level fails. Long Opportunities: Look for buying opportunities on a bounce or reclaim of 5171-73. The 5152-55 major support is the last line of defense for bulls. Avoid aggressive longs below that level. Look for entries around 5115 or 5127 only if they show strong signs of a rebound. Short Opportunities (For experienced traders): Watch for short entries on failed breakdowns or bounces off resistance. Knife Catching Caution: Avoid impulsive buys deep into red candles on violent sell-offs. Treat them as short-term, smaller position trades. Bull Case Support Defense: Bulls need to hold the 5171-73 trendline, with ideally no further tests. A bounce here, particularly if it extends to the 5152-55 zone, provides a low-risk entry for a move back towards resistance at 5202/5207. Building a Base: Overnight basing below 5191 and above the 5170s support suggests potential upside for a move to 5202/5207. Path to New Highs: A successful defense of the trendline and subsequent move through resistance zones could lead to fresh all-time highs. Bear Case Breakdown Signals: Breakdown below 5171 could trigger significant selling pressure. Watch for shorting opportunities on failed breakdowns or bounces. Exercise patience here as breakdowns are often tricky and require skilled execution. Cascading Sell-off: If the 5152-55 major support fails, a deeper, more severe correction is possible. News: Top Stories for March 18th, 2024 Taiwan's Defense Strategy: Taiwan weighs investing in smaller, cheaper weaponry to counter potential invasion threats from China. Goldman Sachs Departure: The exit of a senior executive at Goldman Sachs signals potential internal shifts within the company. Middle East Conflict: Israel's raid on a hospital in Gaza risks escalating tensions in the region. Retail Challenges: Joann's bankruptcy highlights the ongoing difficulties faced by traditional retailers in the current consumer landscape. European Defense Stocks: The value of European defense stocks is fluctuating based on political rhetoric and policy shifts. FedEx-Amazon Partnership: Possible collaboration under discussion could reshape logistics and e-commerce dynamics. Fed Policy Outlook: The Federal Reserve's latest report highlights potential vulnerabilities due to leverage and high stock valuations. No rate cuts are expected until the Fed is confident inflation is under control. Bank Regulation Debate: A year after financial instability, regulators prepare new rules while facing industry criticism. Labor Market Update: Continued strength in the US job market puts factors into play the Fed will consider in its interest rate decisions. Inflation and Consumer Spending: The paradox of resilient consumer spending despite high inflation is a key focus of economists and policymakers. Additional Factors: Keep an eye on Nvidia's GTC Conference, updates on Indian markets, scrutiny of Adani Group, and shifts in startup financing trends. Remember: Prioritize capital preservation during this time of uncertainty. Be prepared for potential volatility and adapt your trading strategy accordingly.
CME_MINI:ESM2024
by spytradingpro
GOLD - at very expensive area? Hold or not?#GOLD - well guys market at his one of the most important area for current week and surprisingly on Monday opening. And one more important thing is in current month is quarter closing, contract expiry, month closing as well. Due to these 3 to 4 reason month closing will be very important and have some kind of volatility, So be aware guys. And use stop loss in every trade in next 10 days specially. Keep close 2151 that is your key level one n only. If market hold it, the. In that case buying expected again otherwise don't hold your buying positions below that level ... Good luck Trade wisely
FX:XAUUSD
by AdilHussain731333
Trading Plan for Friday, March 15th, 2024Trading Plan for Friday, March 15th, 2024 Market Sentiment: Cautious on OPEX Friday Weekly Volatility Risk: High (amplified by OPEX) Supports to Watch: Immediate Supports: 5213 (major), 5207, 5200 (major), 5196, 5192 (major), 5181, 5176, 5165 (major), 5160, 5152, 5146 (major), 5141, 5136, 5126, 5119, 5109-11 (major), 5102, 5091 (major), 5086-88 (major). Resistances to Monitor: Key Resistances: 5221 (major), 5229-32 (major), 5236, 5240, 5246, 5251 (major), 5257, 5264, 5269, 5278, 5287 (major), 5294-96 (major), 5308, 5315 (major), 5326, 5337, 5343 (major), 5352 (major), 5362, 5375-80 (major) Trading Strategy: OPEX Caution OPEX Volatility: Expect potential chop and poor follow-through due to options expiration dynamics. Exercise increased caution and prioritize capital preservation. Limited Positions: Reduce position sizes or consider sitting out the majority of the day. Avoid impulsive overtrading. Watch Out for Chop: The zone between 5192 and 5230 is particularly messy. Trade with extreme care within this range. Support Focus: Watch 5213 and 5200 for potential bounce plays, however, these zones are heavily used up and may not offer reliable setups. Long Opportunity: Look for longs around 5192 (the last major support before a steeper sell-off). Avoid longs below 5165. Bull Case OPEX Range: Expect a potential ugly range trade between 5192 (lowest support) and 5230. A successful defense of supports would set up a breakout towards 5251 and further toward the 5290s. Overnight Strength: If overnight trading shows basing below 5220, consider potential upside towards the next resistance level. Bear Case Breakdown Signals: Breakdown below 5191 could trigger selling pressure. Watch for shorting opportunities on failed breakdowns or bounces, ideally after a test of 5191. News: Top Stories for March 15th, 2024 Stock Market Rally: The S&P 500 continues its upward momentum, driven by strong fundamentals, earnings growth, particularly in the tech sector (AI stocks), and investor optimism for a Fed soft landing. Interest Rate Outlook: The Federal Reserve maintains its current interest rate policy but signals potential rate cuts later in the year. Mixed Economic Data: Economic indicators show both strength and pockets of weakness. GDP growth remains impressive, while inflation data suggests challenges in the Fed's fight to control prices. Banking Regulations: One year after bank run concerns, regulators prepare new rules to mitigate future financial instability. Corporate Debt Concerns: Corporate defaults rise, highlighting the strain of inflation and high interest rates on riskier borrowers. Private Equity Expansion: Private equity giants expand into consumer debt markets, potentially impacting household financial health. Inflation Updates: The CPI and Core CPI remain critical for understanding inflation trends and potential Federal Reserve rate changes. Global Risks: Monitor ongoing geopolitical tensions, climate risks, technological disruption, and election-related uncertainties for impacts on global markets. CFO Trends: Focus on digital transformation, strategic planning with AI/automation, and balanced growth strategies. Energy Transition: Challenges in the transition to net-zero energy become evident as major players face hurdles. Remember: Options Expiration (OPEX) can cause unpredictable market behavior. Trade with reduced risk, prioritize capital preservation, and be prepared for rapid shifts in direction. Disclaimer: This analysis is for educational purposes only and is not financial advice. Consult a professional financial advisor for trading decisions.
CME_MINI:ESH2024
by spytradingpro
Trading Plan for Thursday, March 14th, 2024Trading Plan for Thursday, March 14th, 2024 Market Sentiment: Cautious, watching for breakout direction Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5230-28 (major), 5220, 5213, 5202-07 (major), 5191, 5180-83 (major), 5167, 5162, 5156 (major), 5148, 5144, 5136, 5126 (major), 5115, 5108, 5103, 5088-91 (major), 5083 (major), 5076, 5071, 5067 (major), 5060, 5053, 5048 (major). Resistances to Monitor: Key Resistances: 5235, 5245 (major), 5257 (major), 5265, 5280 (major), 5287-90 (major), 5300, 5306, 5314, 5327, 5335 (major), 5340, 5346 (major), 5354, 5363-65 (major), 5374 (major), 5380, 5391 (major) Trading Strategy: Consolidation Zone: Price action between 5230 and 5245 indicates a new consolidation range. Exercise caution with overtrading within this range. Look for breakouts or breakdowns for clearer directional cues. Support Focus: Watch for potential long opportunities at 5230-28 (after a dip and reclaim) and 5220 (if today's low holds and reclaims). For aggressive traders, major supports like 5202, 5183, and 5156 offer potential bounce areas for catching points on a larger sell-off. Counter-trend Caution: (For experienced traders): Shorting green candles is risky. If a breakout above 5245 occurs, watch for short entries around the 5280-90 zone. Patience is Key: Prioritize capital preservation and wait for high-conviction setups. Bull Case: Flag Structure: Current price action could be forming a bull flag. Defending 5230 and 5220 supports keeps this scenario alive, targeting a potential breakout towards 5257, 5265, 5280, and the 5287-90 zone. Adding within Flags: Monitor for reclaims of 5235, indicating strength within the consolidation with the potential for another test of 5245. Bear Case: Breakdown Signals: Breakdown below 5220 could trigger selling pressure. Watch for shorting opportunities on failed breakdowns or bounces, ideally after a test of 5220. News: Top Stories for March 14th, 2024 U.S.-China Deal: The quiet extension of a bilateral agreement between the U.S. and China underscores ongoing complex diplomatic and trade relations. Chip Manufacturing Contrasts: Delays in a U.S. chip plant contrasted with Japan's on-schedule progress highlight the challenges and global dynamics in the semiconductor industry. Gaza Economic Crisis: Surging inflation in Gaza puts further strain on residents, particularly due to the dramatic price increase for essential goods. Immigration Impact: Post-pandemic urban growth in the U.S. is significantly driven by immigration, reshaping demographics and economic landscapes. TikTok Scrutiny: The U.S. House of Representatives takes a step towards potentially banning or forcing the sale of TikTok, citing national security concerns. Retail Landscape: Family Dollar's planned closures signal changes in the retail sector due to shifting consumer behavior. Labor Market Update: The robust U.S. job market adds 275K positions, a factor as the Fed weighs interest rate decisions. Additional Factors: Keep an eye on the upcoming PPI data, oil market dynamics, and Robinhood's surging trading volume for potential market implications.
CME_MINI:ESH2024
by spytradingpro