I am going to buy when the following conditions are met: 1) Daily stochastics (9,3,3) reset and start to move upwards 2) Daily MACD remains above 0 level (bull zone) 3) 4H MACD lines cross and enter the bull zone. 4) 4H stochastics are not overbought territory (it is okay if the conditions above are met but it might experience a few more pull backs if stochastics are overbought) 5) 4H candle breaks and closes above the top descending parallel channel and stays and also it is above Fib 0.236. There are a lot of conditions to meet and it might take a while, but from my past experiences, when these conditions are met, the price start to move smoothly in the direction of my bias. I don't need to go through unnecessary emotional roller coaster.
After 11%+ fall RTX now has a long bias on the regression break upwards. The other "military" stock have turned or are starting to turn long.
Let's dive into an in-depth technical analysis (TA) of the CRO/USD 1-hour chart provided, breaking down each element: Price Action Analysis Current Price: The price of CRO/USD is at 0.13663, which is down by 21.25% from the previous period, indicating a strong bearish trend. Trend: The chart shows a clear downtrend, with the price making lower highs and lower lows. This is characteristic of a bearish market where sellers dominate. Support and Resistance: Support: The immediate support level is around 0.1300, which has been tested multiple times and could act as a psychological support due to the round number. Resistance: The resistance is around 0.1500, where the price has previously struggled to break through, acting as a ceiling. Fibonacci Retracement Levels The chart includes Fibonacci retracement levels which are used to identify potential reversal points: 0.236 (0.13753): This level has been breached, indicating a deep retracement. 0.382 (0.13521): The price is currently near this level, which could act as a minor support. 0.5 (0.13344): Below the current price, this could be the next support if the price continues to fall. 0.618 (0.13145): A deeper Fibonacci level, potentially significant if the price drops further. 0.786 (0.12881): The deepest level on the chart, indicating a strong bearish move if reached. Indicators Analysis Volume: There's a note that the data vendor doesn't provide volume data for this symbol, which limits our ability to analyze trading activity directly. However, the absence of volume spikes during the downtrend suggests the bearish move might be driven by lack of buying interest rather than heavy selling. Stochastic RSI (3, 3, 14, close): Current Reading: -0.00 (extremely oversold). Explanation: The Stochastic RSI is an oscillator that ranges from 0 to 100, with readings below 20 typically indicating oversold conditions. Here, it's at -0.00, which is beyond the normal range, suggesting an extreme oversold condition. This might indicate that the selling pressure is possibly overdone, and a short-term bounce could be expected. However, in strong downtrends, oversold conditions can persist. Chande Momentum Oscillator (ChandeMO) (9, close): Current Reading: -74.12 (bearish momentum). Explanation: The ChandeMO measures momentum by comparing the sum of gains and losses over a period. A reading below -50 indicates strong bearish momentum. At -74.12, it's deeply in bearish territory, reinforcing the current downtrend. MACD (12, 26, close): Current Values: MACD line at -0.00028, Signal line at -0.00009, Histogram at 0.00019. Explanation: The MACD (Moving Average Convergence Divergence) consists of the MACD line (12-period EMA - 26-period EMA), the Signal line (9-period EMA of MACD), and the histogram (difference between MACD and Signal lines). The MACD line is below the Signal line, which is a bearish signal. The histogram turning positive suggests a slight decrease in bearish momentum, but since both lines are negative, the overall trend remains bearish. This could hint at a potential short-term relief rally or consolidation before possibly continuing the downtrend. Market Sentiment and Potential Scenarios Bearish Sentiment: The overall sentiment remains bearish given the price action, Fibonacci retracement levels, and momentum indicators. The strong downtrend, lack of significant buying volume (though not shown), and deep oversold conditions in Stochastic RSI with strong bearish momentum in ChandeMO all point towards continued selling pressure. Short-term Potential: Given the extreme oversold condition of the Stochastic RSI, there's a possibility of a short-term bounce or consolidation, especially if the price hits the support at 0.1300 or the Fibonacci level around 0.13344. However, without a change in the broader trend, this might only be a temporary respite. Long-term Outlook: For a reversal, watch for: A break above the resistance at 0.1500 with volume confirmation (if available in future analysis). Positive divergences in momentum indicators like the MACD or ChandeMO. A sustained move above key Fibonacci levels, particularly the 0.382 level. Conclusion The CRO/USD chart shows a strong bearish trend with potential for short-term relief due to oversold conditions. However, for a more sustainable recovery, more bullish signals are needed. Traders should watch for support levels and look for confirmation from momentum indicators before considering long positions, while bearish traders might look for opportunities to short on any bounces until a clear reversal pattern emerges. Always consider using stop-loss orders to manage risk, especially in volatile markets like cryptocurrencies.
After a 18% fall NOC has broken the down regression downtrend. The other military stocks are also turning to a long bias.
Hello Traders, welcome back! It’s time to dive into the latest movements of XAUUSD with a comprehensive analysis designed to help you navigate the markets effectively. ? Overview: This analysis highlights potential key levels, supply zones, and market structure. With proper confirmation and risk management, you can maximize your profit potential while minimizing risk. ? Key Trading Plan: 1️⃣ Identify Market Reactions: Look for rejections, confirmations, or directional cues near key zones. 2️⃣ Confirmation Is Key: Wait for price action signals (e.g., pin bars, engulfing patterns, or structural breaks). 3️⃣ Own Your Analysis: Draw trend lines, support/resistance zones, and supply/demand levels. 4️⃣ Risk Management First: Limit your risk to 1% per trade. 5️⃣ 4H Timeframe Entries: Only enter with clear confirmations. 6️⃣ Discipline Matters: Plan your trade and trade your plan. ? Pro Tips: Always validate this analysis with your own research. Engage with the post if you have questions or want to share your perspective. ? Let’s grow together as a community of disciplined traders! Negative or unconstructive comments will not be entertained. ? Like, share, and follow for more actionable insights. Let’s crush the markets together!
The China A50 futures market topped in October after a near 50% surge in just three weeks. Yet as price action since appears to have been corrective, I'm seeking evidence that its retracement has ended. And that is why Tuesday's bounce from the 200-day SMA has grabbed my attention. MS
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As illustrated, im visualizing price to fall after showing rejection just below the psychological price o 2680. Let's see how far it could during CPI news tomorrow WED 15. -- GOOD LUCK!
A bullish flag is forming on H1 on the NZDJPY chart. We would look to buy under the condition the price falls to the support around 88.137. The we can have two targets, one being 88.722 and the second 89.2
The Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move