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PTON - Shift In Momentum In Action ↗️Hello TradingView Family / Fellow Traders, 📈 NASDAQ:PTON has been overall bearish trading within the falling channel in red. PTON is currently retesting the upper bound of the channel and a strong resistance zone highlighted in green. 🏹 For the bulls to assume control and shift the momentum from bearish to bullish, we need a daily candle close above the 7.5 resistance. Meanwhile, PTON would be bearish and can still trade lower. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
NASDAQ:PTON
by TheSignalyst
BTC - Good Signs for 2024 already 🏆Hello TradingView Family / Fellow Traders, 🏹 Based on my earlier BTC analysis (as shown in the attached chart), we have been anticipating a breakout from the triangle pattern, which is crucial in determining the market sentiment for the rest of the year. Last week, BTC successfully breached the triangle pattern to the upside, signaling a shift in momentum as the bulls gained control and pushed the price beyond 40,000. 📈 Currently, the next significant resistance level is expected around 43,350. If this level is surpassed to the upside, we can anticipate further bullish movement with a potential target near the 48,000 mark. The bullish trend will likely persist as long as the last H4 low remains unbroken to the downside. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
2
AMPG Intermediate Term view (Log Scale)Bearish intermediate term trend continuation confirmed. Bearish Break of Structure with Weekly candle closure under $1.62. Expecting a short term pullback after filling all internal range liquidity from Jun 22' - Jul '23. In addition, external range liquidity under $1.62 has been sweeped (Long Stops to close have been squeezed, Bearish open sell stop orders trapped for the moment). Let's see if shorts get squeezed before a new bearish continuation leg. We have tapped into Weekly BISI (Buy side Imbalance Sell side Inefficiency/FairValue Gap) so passive buyer's limit orders are coming in while simultaneously coliding against key structural support. The problem is; the company is subject to keep burning cash unless they decrease R&D (and the market will keep discounting this), the deterioration of fundamentals against a strong Q3 22' and the macroeconomic backdrop are all headwinds. There is an unmitigated monthly Pivot demand zone @$1.26 & a Weekly bullish gap fill @$1.08 + Monthly Open price from Oct2020 (The month the bullish breakout began 3 years ago). I still believe in this company and it's long term goals. I think such a deep transformation to the business model takes time to show it's full impact. We are on track, even after stumbling Q3 and quite possibly Q4 aswell. The market is fullfiling long term expectations.
NASDAQ:AMPG
by ilbarrutia
1
USDJPY - NovemBEARS MARKETFor the current week, the USD/JPY pair has shown a decline, closing Monday's session at 148.675. Investors are speculating on a possible shift in the Bank of Japan's policy away from negative interest rates, which could support a move of the pair towards 145. Consumer confidence in the U.S. and comments from FOMC members are also key factors that could influence the trajectory of USD/JPY. The focus is on the future direction of the Bank of Japan following higher-than-expected inflation data, with anticipation of further guidance on when this policy shift might occur. On the other hand, in the U.S., a significant drop in consumer confidence could affect spending and thus demand-driven inflation, which would influence the Fed's interest rate outlook. Investors will be attentive to comments from voting FOMC members on inflation and interest rates. In summary, the market anticipates a possible change in the Bank of Japan's monetary policy and is closely monitoring U.S. consumer confidence indicators and comments from FOMC members, all of which could significantly influence the behavior of the USD/JPY pair in the coming days. Look my ideas chart drive.google.com
Short
by BBSignTraders
The GRAPH says it all ❗️Hello TradingView Family / Fellow Traders, 📈 BITRUE:GRTUSDC has been overall bullish trading above the rising trendline in blue. Currently GRT is undergoing a correction retesting the trendline acting as a non-horizontal support. 🏹 For the bulls to assume control again and initiate the next bullish impulse movement, a breakout above the red channel and last high in blue is required. Meanwhile , until the buy is activated, GRT can still trade lower to test the lower blue trendline or even break it downward for an over-extended correction. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
AUDUSD - Bearish Then Bullish ⬇️⬆️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. AUDUSD has been overall bearish trading within the falling red channel and it is currently retesting the upper bound / trendline. Moreover, the zone 0.67 is a strong supply. 📉 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the supply and upper red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As AUDUSD retest the upper red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Moreover , as AUDUSD approaches the green support around 0.653, we will be looking for buy setups. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
NZDCHF - Following My Friend - The Trend 👬Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDCHF has been overall bearish trading within the falling orange channel and it is currently retesting the upper bound / trendline. Moreover, the zone 0.55 - 0.5575 is a strong resistance. 📉 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper orange trendline acting as a non-horizontal resistance. 📚 As per my trading style: As NZDCHF approaches the upper red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Knowing that NZDCHF can still trade inside the resistance zone before going down. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
HelenP. I Gold can correct to trend line and then continue riseHi folks today I'm prepared for you Gold analytics. Some time ago price rebounded from support 2, which is located in the support zone, and tried to rise, but failed and in a short time declined to the trend line, thereby breaking this level. After this, the price rebounded from the trend line and made impulse up higher than support 2. Later price rose higher and then made a correction to the trend line, after this Gold rebounded from this line and continued to move up to support 1, which coincided with one more support zone. And soon, the price broke this level, and entered to support zone, but at once rebounded below and fell to the trend line. Also soon, Gold backed up to support 1 and recently broke it again. As well then it continued to rise and now Gold trades higher than the support zone and for my mind, it can decline to the trend line, which is located in the support zone. Then price rebounded and continued to move up, therefore I set up my target at the 2030 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
1
It is time to SKALE ⤴️Hello TradingView Family / Fellow Traders, 📉 After a 130% surge , BITRUE:SKLUSDT has entered a correction phase and is currently trading within the descending blue channel. 🏹 SKL is presently approaching a robust demand zone highlighted in green. Therefore, as the price approaches this zone, we will be seeking trend-following buy setups on lower timeframes. 📈 For the bulls to assume control and initiate the next upward impulse movement, a breakout above the blue channel is required. Meanwhile, an expected movement towards the demand zone is anticipated. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
1
EA Sports - It's in the game 🏆Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. 🗒 EA has been overall bearish from a medium-term perspective trading inside our red channel. However, it is currently approaching the lower long-term blue trendline acting as a non-horizontal support. Moreover, the zone 110 - 115 is a strong support zone . 📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone, lower trendline in blue acting as support, and lower trendline in red acting as an oversold area. What I call a TRIO retest! 📉 As per my trading style: As EA approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:EALong
by TheSignalyst
5
indicators used to measure main factors surrounding pricethere are 4 main key elements in market price action that i have come across. these help traders/investors determine many crucial factors of price like strength, direction, motion, even speed. these are : momentum, trend, volume and volatility. in this idea I will be explaining these price forces and the different types of indicators/tools used to measure them. 1. MOMENTUM - this is the strength /intensity behind price movement or simply the speed at which price is changing. this helps traders/investors capitalize on market volatility. this is a very important price factor for breakout traders. types of momentum indicators : - THE RELATIVE STRENGTH INDEX, this indicator is used it bear and bull markets by measuring recent price changes with levels from 0-100. levels below 30 indicate oversold market conditions indicating bullish strength, and levels above 70 signal overbought market conditions indicating sell bias and 50 is a balance between the two. - AVERAGE DIRECTIONAL INDEX, this unlike other momentum indicators measures the strength of current market direction rather than determining whether the market strength is bullish/bearish. it is measured between 0 to 100 with level below 25 indicating weak trend, 25-50 strong trend, 50-75 very strong, 75-100 very strong trend. other momentum indicators include - stochastic oscillator, MACD, commodity channel index 2.TREND - this is the overall direction of an asset price, either up, down and sideways. types of trend indicators -moving average, this is the average closing price of an asset over a certain period of time, when price is trading above the moving average price is said to be in an uptrend and if trend is trading below it is in a downtrend. -trendline, this is a price line that is formed by connecting price highs and lows, if price is forms a full OHLC candlestick above bearish trendline connecting lower lows and lower highs it indicated change in trend from bearish to bullish and vice-versa. 3. VOLATILITY - this is the the degree of variation in relation to an average price level or rate at how price fluctuates. it provides market opportunities as the more price changes the more investors/traders can capitalize on these price changes. types of volatility indicators -average true range, this indicator measure volatility over a certain period of time by moving up and down based on significant noticeable price changes calculated by subtracting previous close from current high, previous close from current low and current low from current high. do this continuously to get average of true ranges. -bollinger bands- this consists of 3 lines, a simple moving average , upper band and lower band. when the market becomes more volatile the bands widens and low levels of volatility the bands loosen or contract. other volatility indicators include : relative volatility index, average directional movement index. 4.VOLUME - this is the number of contracts exchanged or trades for a certain asset in a period of time, this can help traders/investors determine strength and direction of trend. types of volume indicators -MONEY FLOW INDEX, this indicator measures the flow/direction of money in and out of a particular asset class over a specified period of time. positive money flow is the total of positive numbers , if today's price is greater than yesterday's price it indicates positive money flow and vice versa, this is to measure volume of rising and falling periods. -ON BALANCE VOLUME, this measures bearish and bullish pressure by adding volume of bull days and subtracting volume of bearish days it can be calculated in a simple formula : if today's closing price is higher than yesterday's closing price it goes like, Current OBV = PREVIOUS DAY + today's volume and subtract today's volume if today's closing price is lower than yesterdays' price. hope this information helps/improves your trading/investing. put together by Pako Phutietsile ( @currencynerd )
OANDA:XAUUSDEducation
by currencynerd
ADA/USDT - Long Wait Has Come To End (We Reached Resistance) The price has reached the anticipated resistance zone, currently demonstrating strong holding power from sellers. Furthermore, the RSI exiting the overbought zone indicates the beginning of a potential bearish trend. This combination of factors—the resistance hold and the RSI shift—suggests that traders may start to see a downward trend in price. Now waiting to see if we will reach that target support around $0.2550 Swallow Team
Short
by SwallowAcademy