NVDA AnalysisPrice is on a downtrend. Price has just tapped into a bullish POI. I'm expecting the price to do a short-term rally into the bearish POI at 181.22 area before continuing with the bearish trend.
Weeklyanalysis
Nasdaq Composite Summary - Week of 7/8/2022Summary of weekly price and volume action, as well as net new highs and lows, on the Nasdaq Composite for the week of 7/8/2022.
Click on the chart below to view the details:
Big picture view of the Nasdaq Composite:
TSLA AnalysisPrice is consolidating and is in a wyckoff accumulation schematic. Price is trying to break higher high. Expect price to break above AR at 792.63 and push lower taking out sell-side liquidity being built.
NIO AnalysisPrice is on an uptrend. Price has taken liquidity above 23.98. Expect price to retrace down to bullish POI.
FFIE AnalysisPrice is on an uptrend. Price took liquidity and stop hunted the highs at 5.97. Price is unable to close higher. Expect price to retrace down to bullish POI.
BABA AnalysisPrice is on an uptrend. Price took liquidity and stop hunted the highs at 124.11. Price is unable to close higher. Price has been building sell-side liquidity on its way up. Expect price to retrace down to bullish POI.
AAPL AnalysisPrice is on a downtrend.
Price is hitting a bearish POI.
Expect price to continue downtrend from here.
We might see price starting phase A of wyckoff accumulation schematic.
GBPUSDmy bias on gbpusd still remain bearish, tho anything can happen in the market but for now I'm expecting the market to retraced and form a new lower high around 1.24030 which in turn will create a double top and we short from there, if your bias is bullish you have to wait for the break of 1.27000 level
ETHEREUM WILL FALL FOR 12 WEEKS TOO.EVERYTHING IS IN THE CHART.
The volume continues its Unabated rise,
while ETH continues its UNabated FALL FOR 11 consecutive weeks.
Think about it - ELEVEN WEEKS OF STRONG FALL.
Plus
RISING VOLUME
IT WILL FALL NEXT WEEK TOO.
Quo vadis Bitcoin?This is what Bitcoin COULD do now. The channel over the weekly timeframe is on the bottom side well supported. So lower prices should only occur by touching the bottom line in the following weeks.
Higher Low Not Completed YetThis pair has an unanswered bull run it's got to make up for.
And when I say unanswered, it hasn't completed a textbook higher low on the daily time frame.
So, I'm waiting to see if we have a chance to complete it this week.
If the price isn't ready this week, I have TPS set up in the opposite direction.
BEAR TPS:
• 160.397
• 159.317
• 159.419
BULL TPS:
• 161.662
• 162.231
• 163.673
• 166.058
What Actually Happened To Bitcoin Price Action EditionSo I decided to see why this big ol' drop is happening with Bitcoin.
The answer?
We're filling a very old order block that was never
completed in July 2021. So it makes sense price has dropped ALL the
way to where we are now. Time to analyze where we may be going from
here.
According to this current situation, once the years-old order block is
retested, we should make a long push back up to the 38810.05 weekly
zone since it was never retested on the 4hr. It just dropped like a brick.
If we are not ready for the giant uptick back up yet, and we
breakthrough the monthly 28990.63 zone, the next pivot area will be
24337.80 daily zone. We're about to find out what happens.
BULL TPS:
• 32788.17
• 34337.72
• 35504.62
• 36622.43
• 38810.05
BEAR TPS:
• 29315.72
• 27774.40
• 26233.07
• 24475.42
HDFCBANK LONGNSE:HDFCBANK can be good choice for swing trade for a couple of weeks as it made an inverted hammer on last week on weekly chart, and closed above the inverted hammer's low point.
A good support zone for this stock is at around 1300.
Trade Details:
Entry: below 1310
Stop Loss: 1280-1285
Target: 1405-1410
Holding Period: 2-3 weeks
Happy Investing :)
LINK in weekly TimeFrameLINKUSDT have a curve bearish line for a several weeks, its on a weekly support of fibo 2.618.
as you can see, if RSI can breakout above of Bearish trendline, price can grow up
in MACDs Histogramwe have positive divergence, if macd line can cross signal line it is a good point.
BUT if we still on bearish market LINK can move down to the weekly fibo level 2.0 at 3.35$ price !!!
Short Idea for AUDUSDThis is an analysis from a weekly perspective, expecting pair to fake out/ break out above the resistance zone, then to come down for a week to POI, 2 entries set, the lower entry will be executed if the chart does a fake out (OTE) while the higher entry will be executed if the chart doesn't break the current resistance.
Comparison of BTC bear markets (2015,2018,2022) Part 2You can see the second, third and present fourth bear markets on the chart.
The second and third had the same pattern of three movements (waves) down:
1. 0 - A
2. B - C
3. D - E
I depicted the same movement in the present situation based on 200 days of EMA and MA.
And here are such exciting historical circumstances. Look closely at the previous bottoms of 2015 and 2018. They were formed between 200 EMA and MA.
We can make our biases based on history and predict that price will build something similar this time.
I also drew arrows showing where strong wicks were in the past and the range of these movements and compared them with potential wicks that we can expect shortly.
May the profit be with you!
P.S. I will write the third part with my conclusions.
Facebook: weekly analysis overviewFacebook it's look bearish from this point that we could to short right now, but this will be my perspective following the technical analysis. And very important combine it with fundamental analysis.
As I see, the U.S. Dollar found out a tightening of the hike interest rates and stock market and cryptocurrencies it's suffering right now!!!
For that, I analyze Facebook in my idea to take a perspective to know. For what I see, this movement will be bearish toward $130 USD per share.
That it's my own opinion to trade stock market.
Also, this will be the first time that I trade and work with stocks to trade. I come more from Forex market, and also my 2nd favorite market it's cryptocurrencies. As I know very well Fore and cryptocurrencies. i want to trade stock market, but very enfocous and combining with fundamental analysis always because it's my way to trade stocks as another financial market. But I'm interesting to trade stocks for first time now!!! But also, I want to take course more deep about stock market to learn more. I know very well Forex and cryptocurrencies very well and how they move it.
I hope that this idea support you!!!
Position & Swing Trading: Weekly ChartsIf you're position or swing trading, it is a MUST to study weekly charts to confirm:
1. IF a bottom is developing
2. WHERE the bottom will complete
...to plan trades with strong reward/risk ratios.
For example, let's take a look at EGLX, which had a gap up at open on its earnings release:
1. Note that today's gap up is from a lower low in the downtrend. This particular bottom is not confirmed just yet. When it makes a higher low is when there will be lower risk for an entry.
2. The first resistance is at 3.27, but there's stronger resistance at 4.44--once the stock's price sustains that level, then the bottom will be complete, which is the best time to consider position trade entries.
Both resistance levels should be considered for swing trading potential...
First ask: "Are there enough points to gain from your entry point to warrant the risk of the trade?" If no, then move on to the next opportunity; maybe put an alert at the next resistance level to revisit. If yes, then which resistance levels are likely to cause profit-taking?
A step-by-step checklist that looks further than the entry is important for not giving back profits just as soon as you make them. Learn more at my website.
Ethereum: weekly analysis overviewWhat I found out in Ethereum price it's crashing too their price and it's below of $1,900 USD.
I hope a crash to $1,100 USD approximately in their price, that will be the first support, And to take note, we could to see a chance to see Ethereum price round to $785 USD if the key and first support breaking down the zone of $1,100 USD.
And then, this it's the monthly analysis timeframe and I see a bearish perspective in the price showing this model of chart that I draw.
Also, Ethereum price it's very key to look their rally in the next year and starting to accumulate Ethereum to make compound interest by year to accumulate enough Ethereum by long term and use them Ethereum to create another portfolio in cryptocurrencies.
One of my favortie altcoin that I want to accumulate it's Cardano by long term.
NEO/USD: weekly analysis overviewNEO it's in the bearish movement and this cryptocurrency it's leading to the $12 USD approximately and we could to look a bearish movement in the weekly timeframe.
I hope that this idea support you!!!
RCF very bullish breakoutRCF has been consolidating in a tight range from last 1 year and it has finally managed to breakout of it with very heavy volumes.
If todays closing is above 92.5, RCF is a good positional trade for minimum targets of 100, 110.
Nifty Weekly AnalysisThis Analysis is not a trade recommendation, this study is purely for education purpose only, Do your own Study and Research before getting into any trades.
NSE:NIFTY Weekly Analysis.
Currently Nifty is showing weakness on chart:-
1. Did not touch the upper Bollinger Band.
2. Continuously decreasing RSI.
If it fails to get support at the 20 SMA line, then there is a chance that nifty may touch the lower Bollinger Band at S3
GBPUSD important support area ...Hello Traders , if you see GBPUSD in weekly tf , you'll understand that it is in an uptrend and the last higher low is where exactly the price is now !
If a breaking of the structure happens in this support area , the weekly tf uptrend will be invalidate.
I see the major momentum says the sellers are stronger than buyers and in the very last candle there is a full bear candle which means breaking the structure is more possible here ...
What's your Ideas ?
