US100 ~ November TA Outlook V2 (4H Intraday)CAPITALCOM:US100 chart mapping/analysis V2.
Always good practice to revisit your chart(s) after couple days with a refreshed perspective, to determine whether your initial TA has complimented developing price action, or your drawings need to be updated/overhauled.
Revisit updates:
Re-adjusted ascending parallel channel (green line) + highlighted middle trend-line (white dashed) to emphasize potential resistance of breakout price action
Extended descending trend-line (light blue dotted) to connect pivot points from Nov 2021 Dec 2021 peaks
Remaining TA drawings have held up so far, TBC.
Parallelchannels
EURUSD Setup 09/NOV/2023This is a detailed top down analysis of eurusd. I started the analysis for the weekly time frame, showing the levels I will expect the price to hit in the long run and ended the analysis on the 1h timeframe, showing the levels I expect to take a trade from today.
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If you're going to take this setup, trade responsibly. There's no 100% sure setup in the market so apply proper risk management.
EURUSD Analysis and setup for 07/Nov/2023This is a detailed analysis which shows the levels I'll be watching out for from the daily time frame all the way down to the the 1h timeframe. It's a full top-down analysis that is purely based off of price action.
Remember that forex is risky so everything you see in this video is purely for educational purpose and is my Idea. It doesn't act as investment advice. If you trade based on the analysis in this video, you are doing it at your own risk.
US10Y ~ November TA Outlook (Weekly Chart)TVC:US10Y chart mapping/analysis.
US10Y getting dumped off combination FOMC decision, US economic data + US Treasuries update triggering institutional short covering.
Bond & equities market squeezed higher, in-line with seasonality.
Possible bearish H&S in development on lower timeframe, pending pattern confirmation.
When Madras Fertilizer is set to be a quick Riser.Madras Fertilizers Limited is engaged in the manufacturing of Urea and Complex Fertilizers. It is also involved in manufacturing Bio-fertilizers and trading eco-friendly Agro Chemicals, Organic Manure, and City Compost under the brand name ‘Vijay’
The Co has proposed to set up a 20 MW gas-based power plant with Gas turbine along with Heat recovery by steam generation. It is expected to be funded through the sale of vacant Land in Guindy and Manali and the rest through internal accruals
The Co has changed feedstock from Naptha to RLNG which has resulted in reduction in the cost of production of urea.
The Co is concentrating on product diversification under which two new projects have emerged which are under the study of technical feasibility and financial viability.
Market Cap 1,216 Cr.
Stock P/E 6.56
Industry P/E 10.2
ROCE 26.8 %
EPS 11.5
EPS preceding year 10.1
US500 ~ 4H Intraday (Bearish Capitulation)CAPITALCOM:US500 intraday chart analysis:
4H chart = bearish H&S pattern development + neckline test validation.
Fib retracements:
Straight line/left labels = March 2020 (Covid) low - Jan 2022 high
Dotted line/right labels = Jan 2022 high - Oct 2022 low
1st target (yellow dashed):
~4100 lower parallel channel & May/June lower-range chop confluence
Temporary oversold/bounce target? TBC..
2nd target (white dotted):
~4000 psych level, H&S extrapolation, 38.2% Fib retrace & declining trend-line (Aug 2022 + Feb 2023 peaks/pivot points)
Bullish reversal target:
~4200 (23.6% Fib retrace)
Amazon (AMZN) -> Growing With E-CommerceMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Amazon.
Looking back at January of 2023 you can see that Amazon stock perfectly retested and already rejected the support trendline of the rising channel and also a previous resistance level.
With Amazon currently retesting resistance at the $141 level, I do expect a minor rejection but then I would love to see a break and retest and another push higher to retest the channel top.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
CADCHF: WATCH The Breakout Trap ❗Buyers attempted to push price out of the descending trendline but failed at the breakout. The price has now sunk slightly to liquidate some of the buyer liquidity before it reverses and goes to sweep the seller liquidity. Potentially now giving the true breakout move, time will tell.
AAPL Targets Lower, Be SmartWe are at an interesting zone when it comes to AAPL. It's holding strong above the most relevant pivot low as you'll see in the chart. There is a chance that it can go up fro here so if you would like to long, I would place a stoploss elow the recent wick low. I would also manage my position size so the its a 1% risk on the trade it your stop was to hit.
In the end, when zooming out, I think AAPL will retrace back to the bottom of the channel before pumping higher. There are a few key levels on the way dwn where we can expect a reaction and other trade set ups to play out.
I'm currently long, anticipating a small bounce at these levels, with a 1% stop under the current wick low. Lets see how it all plays out.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
CSPRUSD At An Interesting Level Of Support Inside A Channel CSPRUSD / Casper token is at an interesting level of support inside a parallel channel. Seems to also be sitting at a level of horizontal support. Minimum target is around 0.07 - 0.08 which is at upper level of channel. It also coincides with a previous level of support and resistance as identified by the blue band.
Will be interesting if this channel holds as support.
Gold: breakout or not to breakout - that is the questionWill Gold break or drop?
1-The XAU/USD is testing the resistance of the bearish channel.
2-There is also resistance at 1950: double rejection - Wednesday and Thursday.
3-The medium-term momentum is bearish.
4- There is no RSI bullish divergence.
Conclusion: Gold would likely drop to 1900!
Bitcoin Looks like it wants to pump higher!Bitcoin has sold off and is now trading at the bottom of an ascending parallel channel. This is also the area right above a key S/R zone. The most likely probability is that the market will move higher from here before selling off and breaking below the channel. I would feel more safe entering a long at these levels instead of a short. If you do long, manage your position size and use a stop-loss.
Let me know in the comments below where you think #Bitcoin will go.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
USD/CHF: a textbook pattern has been formed. What is next?As it can be inferred from the 2D-timeframe development on USD/CHF, the price has been trading within the borders of the descending parallel channel that is illustrated on the graph. Hence, our sentiment is bearish.
After witnessing some price development (printing wick candles and showing signs of a bearish reversal), the market tricked sellers into making executions, after which a massive bullish candle rushed towards the upside and wiped out the early bears.
According to our technical analysis, we are expecting for bearish moves to resume from here on and reach the target zone that has been mapped on the graphic in the middle to long run.
FNGU- Technology Titans CounterTrend LONG on ReversalFNGU on the 4H chart is in a trend down within a parallel channel. The previous trend down
from the top of the channel to the bottom was 29% while the counter counter-trend up from
the bottom of channel to the top was 18% over 7 days. Presenly the trend down from the
upper channel is confirmed by the two RS lines near to the 50 level and the Awesome Oscillator
with a down going signal. Trade plan - I will trade FNGU short ( or FNGD long ) until it is at
the bottom of the channel. Upon reaching it and mindful of a fake breakdown. I will watch for
reversal signs on a lower TF and upon finding them in the MACD or Bollinger Bands or VWAP
bands I will close the trade and so long instead.