ETH still in downtrend in mid timeframe on 4H and 1D or maybe big sideways on 1D But if we continue down and break below 2k i think we can see cycle is over and posible to go to 1.2k And take a note buying presure altcoin is low
Hi guys this is a follow up to a post I have just published about my trading idea on shorting NYSE:SHOP , It really doesn't matter if you want to short the market or long the market as it works either way, but for the sake of the example I'll take a 6 months period from the Shopify chart following earnings to better explain you my strategy... https://www.tradingview.com/x/B5E3s96m/ This right here is the NYSE:SHOP chart from approx. Jan/2024 to end of Aug/2024, 2 Earnings have been announced, both having great positive surprises, but regardless of the positive surprise (typically bullish indicator), the stock fell of 45%+. Let's add the earnings dates to the chart so that you can better visualize them: https://www.tradingview.com/x/u8XeM38B/ What you care about in this image is the earnings dates lined out, as you can see the surprise was positive yet both fell more than 10% in just a day, that I will take as the upcoming trend for at least the time being, till the next earning is announced (so, if for example the 13/Feb earning ended up being bearish, my overview on the market till at least the next earning on 8/May, will be bearish, so all of the trades I will take will be shorts). Now I will line out the trend and the BoSs (breaks of structure) just to better visualize the trend: https://www.tradingview.com/x/JgpwI14N/ As you can see the Earning date candles signed the beginning of a down trend twice, pre-announced by the Earning candle itself. The entry strategy is now simple, the idea behind it is to "follow the path of least resistance".. by that I mean that, if your bias is bullish, who enter on candles that are of the opposite direction to the one you are heading to? - Sure you might say that it is to get better entries as ofc, on a short bias, higher sale points = better profits, but the goal here is not maximizing profits, but raising the odds exponentially so that you can take surer trades. I've tested this strategy from Feb/2021 and so far the win rate is 95.6% (123 out of 136 trades profited . The way the entries are spread is this: https://www.tradingview.com/x/SBTTiv4x/ Basically every time a bearish candle - that closes lower than the previous bearish candle did - is created, a short position of 1% of total equity is generated. The period begins from the beginning of the current earnings season, and closes the day before the next earnings season as it works within a 3 months frame. Each entry HAS to be the lowest bearish candle of the period, example: https://www.tradingview.com/x/gcapF3A4/ Only these candles marked in blue count as entries for short positions as their close is lower of more than 0.5% than the previous one, https://www.tradingview.com/x/UnApQJd0/ The pink ones are higher than the lowest up to that point, so they do not count as entries as they are technically part of a pullback that is moving in the opposite direction where you are heading. So, going back to the entries, we enter on the close of the lowest bearish candle close up to that point. For safety, we trail the stop loss to the previous high, this is where well defined trend lines come handy: https://www.tradingview.com/x/0uxnhasW/ The thick black line is the trend line, and as new lows are broken, I mark those as BoS (break of structure) and until a new one is created, the SL will go to the previous high, and so it goes. (viceversa for buys). We then proceed to target the FVGs left behind by previous quarters: https://www.tradingview.com/x/DLxqxorn/ As you can see there are massive gaps in the chart that we will target and identify as FVGs (Fair Value Gaps) and set the TP at the close (lowest point) of the fair value gap. Now comes in your exit strategy... There really are 3 ways that you can tackle this: 1- You set up TP to the lowest FVG of the series (if there are multiple like in this case) https://www.tradingview.com/x/PJOgvomK/ 2- You set up TP to the first FVG still open during the quarter following the Earnings Period https://www.tradingview.com/x/EkVFt6tq/ 3- You tackle both TPs and take each FVG as a partial close to the position (example: if there are 2 FVGs you take out 50% of the position on the first and 50% on the last). But what to do if your positions didn't reach TP (FVG close) before the next Earning or there is no FVG to begin with??? - In the case the TP you have marked out at the close of the FVG didn't reach, you'll proceed to close the position 1 day before the next Earnings is coming, unless your conviction that the FVG will fill in is so high, then you can let those run at your own risk: https://www.tradingview.com/x/31hisjSb/ - In the case in which a FVG is not present then you'll target the previous High (in case of a buy) or Low (in case of a sell) as your TP, utilize the previous low (in case of buy) or previous high (in case of sell) as SL and just let it run: https://www.tradingview.com/x/5XNWlCx8/ as you can see the 4 trades were all profitable, made little money but sure money in just 15 days Unless I forget anything, this right here, is my strategy. Simple, straight forward, high success rate and doesn't leave anything up to the case. If you have any questions PLEASE leave a comment below and I'll do my best to reply in time ;)
Bitcoin is currently struggling with its key resistance area, showing weakness in continuing its upward move. Based on the current price structure, we expect a short-term correction towards established support levels. If the support holds and the bounce is confirmed, the uptrend may resume strength, with the first target in this case being the $110,000 area.
Bitcoin double top has created in big timeframe, you can see in 1D or 1W we will see massive downside "IF" we break below 88k Support is around 76k because it has CME gap "BIG CME gap" and most posible to refill
Premarket trade on NASDAQ:LIPO went to the max target or +50% fast ?️? Turns out max target was well placed as it ended the day back down near $4 ?
Thursday on the Daily chart flashed a sell signal for a rejection off of 45,000. I am going in Friday with a bearish bias. Of course, I have no idea what will happen and could always be wrong. To me, this makes the most sense. A sell off to close the gap. https://www.tradingview.com/x/His9o9Uj/ From 45,000 down to 44,300 is a 700 tick move, not unreasonable for a NFP day. https://www.tradingview.com/x/pEqCAwmE/ Notable profit targets: Thursday's Low: 44,658 Weekly Open: 44,570 Wednesday's Low: 44,463 Tuesday's Double Bottom Low: 44,350 Monday's Unmitigated Wick: 44,310
Gold technical analysis: From the daily chart, the price of gold has resumed its upward trend after fighting to stabilize at $2,800. Any pullback at the beginning of the week is regarded as a bargain-hunting opportunity. It has been short-squeezing and rising all the way. Combined with fundamental news, it has continued to set new record highs to around 2,880, and there is room for further extension. However, A sell-off occurred above 2880, combined with the overbought divergence of bulls, and the current decline continues. After breaking the mid-range of the 4-hour cycle of 2845, gold's rising pattern has initially changed. It currently needs to test the previous high pressure conversion support near 2830. Before falling below, gold's bullish sentiment always dominates the market
Yes there is daily gap, not because of the gap I am trading but my own indicator...The price should drop to the green support in most 10 days. Not an investment advise.
XAU/USD is one of the most popular instruments for day traders due to its high liquidity, volatility, and strong correlation with macroeconomic events. Gold is considered a safe-haven asset, meaning its price tends to react sharply to global uncertainties, such as inflation, interest rate changes, central bank policies, and geopolitical tensions. This constant flow of market-moving news creates frequent trading opportunities, making it ideal for short-term strategies. Additionally, the forex market operates 24 hours a day, allowing traders to capitalize on price movements at any time, especially during key trading sessions like London and New York, where volume surges. The high liquidity of XAU/USD ensures tight spreads and smooth trade execution, reducing slippage and enhancing profitability for active traders. Moreover, the availability of leverage allows traders to control larger positions with smaller capital, amplifying potential returns. Technical analysis also plays a crucial role in XAU/USD trading, as gold tends to respect key support and resistance levels, trendlines, and Fibonacci retracements, making it suitable for traders who rely on chart patterns and indicators. With its combination of volatility, liquidity, and responsiveness to economic catalysts, XAU/USD remains a top choice for day traders seeking both momentum and profit potential in the markets. OANDA:XAUUSD
#USOIL... market just reached at his one of the most important supporting area that is around 69.90 -70.10 And that will play key role in next move. Keep close that region and don't hold your buying positions below that region. Stay sharp. Good luck Trade wisely