The CAD strength theme is continuing as more CAD pairs start to move into a long bias. I am considering this pair for a EA going long only
This technical analysis follows a progressive wave growth pattern (Wave 1, Wave 2, and Wave 3), where previous wave bottoms evolve into key resistance levels. The long-term target is set at the zone marked by the ? emoji, representing a potentially achievable level if the current structure is respected. 1. Wave pattern with sequential resistances: Wave 1: The first bullish wave established an initial bottom, which, once broken, turned into resistance (R1). Wave 2: After breaking the Wave 1 bottom, the price advanced into the second wave, whose bottom is now acting as resistance (R2). Wave 3: Currently developing, with the bottom of Wave 2 serving as key resistance (R3), acting as the gateway to the long-term target. 2. Main resistance and the ? target: Main Resistance: This level is crucial for confirming the continuation of the bullish trend. A breakout with volume could push the price toward the target zone (?). ? Target Zone: Represents the projected growth level if Ethereum maintains its structure and successfully breaks R3. This zone is the long-term target for investors with a broader outlook. 3. Importance of maintaining supports: The support provided by the Wave 2 bottom is critical to validate this move. If held, Ethereum could continue following the projected pattern. Moving averages also reinforce the structure, indicating that the bullish bias remains intact as long as no major breakdown occurs. Conclusion: The long-term target lies within the zone marked by the ? emoji. To reach it, Ethereum must progressively break through R1, R2, and especially R3, while respecting current support levels. This scenario presents an opportunity for a sustained bullish rally if these conditions are met. ?
There is no supply anywhere in that market. The last UT was a probe to go up. Easy to say that in retrospec I guess. Anyway, instead of being met with supply, buyers came in so that mKes it a probe. There was a good bar to buy 3 bars after the one marked as SOT. Over the las weeks we saw absorption. This week looks like stopping action or perhaps a UT (to be confirmed) on the weekly. But if we look at it on the daily, yesterday was an UT that was met with lots of buying today. I think yesterday was another probe to go up and today was a spring / bag holding. I placed an order to buy a small position tomorow at the opening.
https://www.tradingview.com/x/4e2Lc554/ Hi everyone, I'm once again back to short NYSE:SHOP .. It is not because I don't believe in the company, because I really do, but just like the first time, I am targeting massive FVGs made by huge gaps in the chart as TPs, and utilizing an improved version of the first pattern of Earnings. Just to summarise it so that everyone can understand it without having to go back to the first published idea, I've noticed how the Shopify stock tends to follow a certain pattern of buys and sells regardless of the results of Earnings.. now, I don't know if this is caused by buy backs or internal company stock operations or some other cause, but I've simply seen how it tends to alternate between buy and sell, and when, for example, for 2 earnings in a row a buy happens (the stocks trends up) then it is followed by an equal amount of sells (so 2 down trends). Now.... could this just be odds and for the last 4 years this was just randomized and ended up doing exactly this? Idk maybe, but I'm not a genius in a lamp, so I'm speculating. All I know is that: - there are 2 massive gaps in the chart, worse than the last time, - price is currently struggling to head higher (perhaps just waiting for Earnings to choose direction), - we have just terminated one of those double down events where 2 selling earnings happened and right after 2 buy earnings happened, Now... there are 2 ways to approach this, and these are the following: 1- The first method is to try and "predict" the top of the market by selling 3 days before of earnings just like the first time and hope for the down trend call to be true; (something like this https://www.tradingview.com/chart/SHOP/zJZiBO4E-Shopify-Short-Position-idea/ ) 2- Actually wait till earnings day comes and wait for the 1d candle of the earnings day itself to close and tell if it was either a bullish or a bearish one and from the next day, start either buying or selling depending on the trend. (something like this https://www.tradingview.com/x/UvB059fT/ ) If you choose the latter, then you don't really have to worry about "predicting" the market and all you got to do is develop a entry strategy, you could either buy the dip/sell the top (depending on the trend of the earnings' candle) so that you can get the lowest entries, or you could just enter on each candle that moves the direction of the trend you are following (so for example if the trend is bullish, enter only on bullish candles close to follow your bias). I'll post a follow up of the last entry option as I have developed a entry strategy to do just that, with the help of my friend @D499 who condensed it into an indicator (as I can't code). I'll post comments to this post so that I can keep up with how things proceed and perhaps if the second scenario takes place I'll Live follow up so that all of you can see the idea. Reminder, it's just an idea ;)
Analyzed ITC with different technique and trend. It is looking weak and result is there today. So lavels are share with stop loss and target.
make sure we are carefully looking at market structure to know what side we are on at all times. even if you have to pull out a big pen to see where it actually is. react to the market and not predict. If you don't see it on the chart believe the direction until a confirm break of structure on the bigger time frame appears
Current scenario any sell off happens , lived short for the time,Buyers step in immediately to buy the dip… Upon today data, gold maintain 2835-2840 support zone for upward trend. If the support breaks its very good opportunity to go for long.Next support zone 2815-2820.
02.04.2025 / NYSE:EL #EL Fundamentals. Earnings report. Estee Lauder beats earnings expectations, but negative forecasts send shares lower. Technical analysis. Daily chart: Downtrend. Level 69.78 formed by the gap in November 2024 is ahead. Premarket: Gap Down on increased volume. Trading session: A pullback after the initial downward movement was stopped at the level of 74.00. We observe a narrow range and a clear holding of the price below the level. We are considering a short trade to continue the downward movement in case of holding the level of 74.00. Trading scenario: #Pullback along the trend (#rebound) from the level 74.00 Entry: 73.13 when exit down from the trading range below the level. Stop: 74.12 we hide it behind the level with a small reserve. Exit: Close part of the position before the daily level of 69.78. Close the remaining part of the position at a price of 68.50 when the structure of the downtrend is broken. Risk Rewards: 1/4 P.S. In order to understand the idea behind the Stock Of The Day analysis, read the following information .
After an incredible rally, Nvidia NASDAQ:NVDA has finally hit a wall at its all−time high of $140, failing to secure a strong monthly close above this critical resistance level. This stagnation at the peak is a red flag for the stock’s near-term momentum. Since the rally began in 2016, the monthly chart has been overwhelmingly bullish, with only a few exceptions: 2018, 2022, and now 2024, where the monthly chart has printed a bearish engulfing candle. Historically, when this pattern has appeared, it has led to steep retraces. Based on the median pullback from the past two occurrences, we could see a 50% decline by mid 2025 from current levels, a potential bloodbath for unprepared investors. Is this a guaranteed outcome? Of course not. But higher timeframes carry significant weight in macro price action, and this bearish signal is too significant to ignore. Stay alert—volatility ahead! While a short-term pump toward the $140s is more than likely, it’s important to recognize that this move will feel more like a dead cat bounce than a sustainable recovery. For those considering a short position, this potential bounce could offer the perfect entry point. However, unless NVDA can achieve a strong break above $150 and successfully flip this level into support, there’s no compelling reason to turn bullish here. The macro warning signs remain intact, and the risk of a deeper retrace increases. https://www.tradingview.com/x/T24LWICi/
This is the count I'm working with for NVDA. The break of gray support (now resistance), gave us Black A, and Black B is happening as a flat correction (Blue ABC). If confirmed, this pattern could take us to retest sub-100 levels at green support for Black C.