Get started

Trendlineanalysis

EURUSD: Short Term Buy opportunityFrom a technical point of view, the trend is bearish on intraday chart, but at the same time, the FX:EURUSD pair could trigger an interesting corrective structure. That said, with a short-term bullish view, it is possible to build up long positions and try to let them run all the way to Target 1. Don't forget that the Big Bears still have open short positions. This idea is just tactical setup, the main trend remains bearish at least for now. From a technical point of view, we are still awaiting the formation of wave A. We will expand on this idea in our next analysis or update. Trade with care. Like | Share | Comment
Long
by TheAnonymousBanker
8
BTC - Trendline Break, Bears DominateHi Traders, Investors and Speculators of Charts📈📉 Sellers are showing up on lower timeframes and bears have taken control of the price action for the short term. What seems likely here, judging by the technical indicator, is a rejection of the red RSI at 50 meaning a slow continued downtrend until the RSI rises above 60 in the daily. From the Green EMA dropping sharply, we deduct that the sellers have taken control in the lower timeframes. For now, the best course of action seems to be observing from the sideline and look for other trading opportunities with better risk/reward setups across the altcoin market. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
BITFINEX:BTCUSDShort
by CryptoCheck-
28
Google -> Trading The Major Swings...Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Google 💪 Just a couple of months ago Google stock perfectly retested a major monthly bullish trendline and in confluence with a retest of the 0.618 fibonacci level we already had a major rally of more than 50% towards the upside. If you are looking at the weekly timeframe you can also see that Google stock just broke above and retested the strong psychological $125 level and everything is looking massively bullish. Finally I am now just waiting for another retest of the daily $132 level and after some bullish rejection everything is pointing towards more bullish upside. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:GOOGLLong
by basictradingtv
27
S&P500 at Support ZoneThere are two types of support and resistance (S/R) that we can see on the charts- Dynamic and static. Dynamic S/R levels are generally referred as trendlines whereas Static S/R levels are represented by horizontal lines. You must have frequently heard that a previous resistance area, once taken out by the buyers, may act as support in future. Similarly, if a support area is broken down, it may act as a resistance. There are various reasons which have already been discussed in a previous tutorial (read below). In the S&P chart, we can see that the price is currently at a dynamic support level (trendline) and a potential static support level- around 4448, which was previously acting as resistance in the middle of June. 🚀 Bullish Scenario If we observe the price action, there is lack of momentum on the downside. Which suggests that sellers are not that strong and buyers may still be accumulating in this downwave. A weekly up-bar (close at or near its highs) from here would confirm this view. Immediate Upside resistance would be at 4527 and then 4576 gap zone. After that we have 4607 highs and then 4637 and 4818 swing highs. 🚀 Bearish Scenario The bearish scenario would be the break of 4400 round number. In that case we will have an immediate support at around 4385. Below this level there are 4328 and 4195 that may act as support. Thanks for reading. Do like and share in the comment section which S/R level do you prefer to trade, dynamic or static? Disclaimer: The idea is just for educational purposes and not an investment advice. Apply your due diligence before trading with your hard-earned money.
SP:SPX
by Bravetotrade
10
COMP Trade UpdateTraders, Just realized I wasn't able to post the very fortunate trade entry that was made by me during our most recent flash crash a few days ago. I missed this post due to being briefly banned by TradingView for inadvertently violating House Rules. Long story short, I happened to be sitting at my computer that evening and was perusing the charts per the usual manner. I noticed that COMPUSD had reached its target down from the recent Head and Shoulders pattern seen. But because the selling pressure was so heavy I decided to set my buy order even lower per chance I might get the order triggered and filled. Therefore, I looked for the next best level down and found that level at 35.55. This is where I set my buy order. Lo and behold it was filled! In fact, my chart which gathers data from the Coinbase exchange here, shows the candle wick bottomed only a few cents lower at 35.43! This, traders, is why charting levels, trends, and patterns can be very helpful. Technical analysis is not always right. In fact, we have to count on a good percentage of our analysis being wrong. Such was the case in quite a few of my last entries which were stopped out during this flash crash. But TA gives us much better insight into what the probability of the trade becoming profitable might be. Pair TA with some fundamental analysis and you are well on your way to becoming a seasoned trader. Back to this chart. You can see that we remain in the H&S Target box. From a technical perspective, this remains a good re-entry area. Here are the positives: RSI back above support RSI still near oversold Price in H&S Target Box Price above good support (red area) Here are the negatives, including fundamental considerations: China FUD re: Evergrand bankruptcy Elon FUD selling BTC Macro-economic uncertainty = risk-off Fed Powell Speech Friday And one TA negative is that current candle is a shooting star As you can see, technically the trade remains in your favor. But there is a lot of FUD out there. Be cautious. Never risk more than you can afford to lose. Best, Stew
COINBASE:COMPUSDLong
by stewdamus
Silver bounces from support trend lineTrend lines are a powerful tool that represent areas where buyers and sellers tend to change their behaviors. On Silver, we can draw a support trend line that is upward-sloping and has held up prices for several months. Silver has reached this support level and is bouncing accordingly. Any traders positioning long will want to place a stop loss below the support trend line. If Silver does fall below the blue trend line, it is a big clue that the mood of the market is changing and that much lower pricing is on the way. Picking up a clue from Gold, a temporary bounce is normal, but the Elliott Wave count still suggests lower pricing is in the future for Gold. Based on Gold's pattern, this suggests Silver may find a temporary bounce then break down below the support trend line.
OANDA:XAGUSDLong
by JWagnerFXTrader
TOTAL & BTC: Guide to Trend Line AnalysisHi Traders, Investors and Speculators of Charts📈📉 One of the most important parts of trading is following the macro phase and planning your trades. The only way to do this, is to pre-identify the macro market cycle that's currently playing out, as well as determine key zones of support and resistance. You do this by drawing up trend lines on the chart, from a macro perspective. Here's a comprehensive Guide to Elliot Wave Theory, done on ETH : To summarize if you're short on time, Elliot wave identifies upward and downward phases during an overall bullish or bearish cycle. Wave 1-2 can often correct a near 50% from starting point of wave 0-1. This means the price can drop -50%, and you would still be in a bullish cycle . Now that we've discussed Elliot waves, we can also take a quick look at Wyckoff Method for BTC, which I did over here: In other words, don't be scared of corrections! Wait and plan your trade. There's no need to force a trade. If you have identified your support and resistance zones with diagonal and horizontal trend lines, you can wait for the price to reach your target and execute a brilliant trade with a great risk-reward setup.
CRYPTOCAP:TOTAL
by CryptoCheck-
31
Platinum is finally showing some life signals!The price fell hard in the last weeks under the yearly support find, but is finally showing some reversal signals. The green trendline is coming from last August. Both RSI and OBV show some degree of bullish reversal signals. The supertrend painted BUY in 4h. If we can clear the band at 925$, OANDA:XPTUSD can see the 980$ area quickly. Depending on how fast we go there, the structure may look like an eve-adam pattern, which may throw the price to 1040-1080 region. Combining the move with OANDA:XPDUSD , we may be at the beginning of a big bullish movement of precious metals! Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XPTUSDLong
by WhaleGambit
1
KPR Mills: Headed for a channel tradeCMP: 668 | Industry: Textiles P/E: 28.87 | Industry P/E: 33.2|ROE: 23.4% | ROCE: 24.4% |BV: INR 108 | EPS: INR 23.1| MCAP: 32,033 Cr. Aggressive Entry: 668 | Resistance Levels: 710 | 756 | 801 Stop Loss: 598 Confirmation entry levels > 680 | CCI: 92| EMA (9d): 658.7 | S. RSI: 72 Analysis: KPR Mills formed its last bottom in December 2022 at 485. Post that the stocks have been forming new higher highs and higher lows within a parallel channel with decent consolidation of 4 – 5 weeks on average before every rally to new monthly highs. The red line indicates the channel bandwidth line and a close above this line would indicate a confirmation to trade up to and beyond channel resistance levels. Entries at current levels can be taken for 710 levels and a strong support stands at 600, a close below which will hit the stoploss.
NSE:KPRMILLLong
by chandakpulkit