GBPUSD POSSIBLE MS SHIFT BEARISHWe have been bullish for a while and this time we have a possible shift in MS.
Entry's @ around zones of 1.32143 -1.32214
Final level 1.29554
Volume
Waiting for USDCHF to rise. H4 10.09.2024Waiting for USDCHF to rise
The franc got a beautiful culmination on Friday with a false takeout of the support level around 0.84. The price gave an upward reaction and overlapped the culmination candle. Usually in such cases make an internal pullback and upside as shown in the scheme. We bought in a private channel at 0.8410 and also wrote about it immediately, as I bought it myself. According to the options, we will continue to grow to the area of 0.8750 with intermediate fixation near 0.8600. On options, we are still in a strong oversold zone, so the upside potential on the near-term contracts is pretty good as well.
NVDA showing signs of a reversalNVDA broke under neath major support level friday over fears of recession looming then reversed course Monday.
breaks through downward resistance trend
breaks back above major long term support
RSI shows strong turn around
One down side is volume is slightly decreasing during the turn around. Not a clincher, just noting it.
We are now seeing a number of good signals that NVDA is reversing course and getting ready for a turn around.
XBI ShortMonthly and Weekly Sell signals. Usually double signals are better but if buyers don't resest there should be a nice move.
Pivot 99
Technical Analysis of Super Micro Computer Inc (SMCI)Upon analyzing the stock SMCI , we observe a significant turning point starting in 2022, following a long period of sideways movement where the stock struggled to break above the $40 level.
After this prolonged sideways phase, the stock broke out with a clear upward trend, highlighted by the ascending trendline (green), characterized by higher highs and higher lows.
Following a year of gains, the stock entered a consolidation phase but then broke out again to the upside with strength, accompanied by a substantial increase in volume.
After reaching a peak in March 2024, the stock began a downward phase that is still ongoing.
Potential long entry points, where the stock might bounce or change trend direction, are found in the following two support areas:
Support area S1;
The POC 1 area.
If the stock begins to rally again, it will be crucial to monitor its behavior as it approaches the descending trendline (green), which could serve as a more conservative initial target.
More ambitious targets are POC 2 and resistance R1, both within a price range of $900 to $1,000.
Working off the rise in the dollar index DXY. H4 09.09.2024Working off the rise in the dollar index DXY
Last week I expected the dollar index to rise to the area of 102 and higher. We made a pullback on it, but the depth of the correction was bigger than initially expected, but it did not affect the result. Now they are making a rebound to 102, but then might correction around 102.30. On Thursday we will know the US inflation for August and the unemployment rate on Friday. On this news the main movements on the dollar will be made.
My expectations vs the possibilitiesThe long that was taken has played out well. And the short are tucked out. This does not mean that the short was a bad trade. But that we have broken a level. We have now gained and retested the level that Bitcoin has brought down.
Unfortunately, the breakout has already happened
AUD/USD continues the downtrendOn AUD/USD , it's nice to see a strong sell-off from the price of 0.67300. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area are my main reasons for this short trade.
Happy trading,
Dale
ES (S&P 500 Futures) Day Trading analysisOn ES (S&P 500 Futures) , it's nice to see a strong sell-off from the price of 5509. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade.
Happy trading,
Dale
My expectations vs the possibilitiesWe can take a long on the support level and a short on the recistance level until it break trough it.
My expectations vs the possibilitiesAfter a trade that didnt fill. Im looking for a long and short.
Ive changed my levels.
And again im going to take a long on the level that brought us down with the new informatie that the price is giving me.
A short on the recistance we need to break before we can go up again.
I leave it to the market to determine what the price will do.
ATH breakoutGood volume build up in daily as well as in weekly timeframe.
ATH consolidation after much consolidation with significant volume buildup.
Fundamentals are OK.
FII stakes are up.
NOTE: I do my analysis, do yours before trade.
Breakout and retestSignificant volume build in weekly timeframe.
9 year old high breakout with significant volume.
Sector rotation - pharma on move.
Fundamentals are improving .
FII and DII stakes are up.
NOTE: I do my analysis, do yours before trade.
FFL | CUP & HANDLEFFL has given breakout on daily, weekly and monthly charts with higher volumes. Buy with stop loss of PKR 9
TP 1: 10 .60
TP2: 12
SL: 9
Continuation biasing patternGood volume build up in daily as well as in weekly timeframe.
Highest volume ever buildup in weekly timeframe.
Continuation biasing pattern breakout with good volume.
Fundamentals are OK.
FII & DII stakes are up.
NOTE: I do my analysis, do yours before trade.
Wait for breakoutGood volume buildup in daily as well as in weekly timeframe.
Rising wedge pattern formation.
Fundamentals are OK and improving.
FII & DII stakes are up.
NOTE: I do my analysis, do yours before trade.
My expectations vs the possibilitiesIm looking today for a short term trade.
My expectation is that we will retest the point that brought us to the bottom. I leave it to the market to determine what the price will do.
EURAUD bullish anticipationEURAUD might continue to make movement upwards as a result of recent improvements. So till it breaks above the mini-arrow we'll get to see to along the longer arrow price range..., till the market says otherwise, not a trading advice...just publishing thoughts
Ascending triangle breakoutGood volume buildup in daily and weekly timeframe.
Ascending triangle breakout with good volume.
Fundamental's are good.
DII stake increased compared to last year.
NOTE: I do my analysis, do yours before trade.
ATH breakout with retestGood volume build up in daily timeframe.
ATH breakout with successful retest.
Fundamentals are good.
NOTE: I do my analysis, do yours before trade.
IPO BreakoutGood volume buildup in daily as well as weekly timeframe.
Highest volume buildup since is IPO in weekly timeframe.
Fundamentals are OK.
FII and DII stakes are up.
NOTE: I do my analysis, do yours before trade.
FIVE ShortSeller popped up getting in early increases R:R but drops probability. Open small position and add if the price drops
Pivot 76.96
Dell LongMassive bids printed after earnings, looking to attempt gap close as it gains momentum. Lets see if sellers want to step in the way of this one.
