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S&P 500 Daily Chart Analysis For Week of Dec 8, 2023Technical Analysis and Outlook: Throughout the course of this week's trading session, the index remained relatively stable using our strong Mean Sup 4546 as a strategic price platform, notwithstanding moderate gains leading toward the Key Resistance of 4639 and Inner Index Rally of 4647. Moreover, the Inner Index Rally 4647 indicates a strong bullish trend for traders and investors to ponder. Once the market reaches the target price, the resulting squeeze could be substantial and chaotic. As a result, traders and investors should be cautious and attentive during this price action period.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Dec 8, 2023Technical Analysis and Outlook: Last week's completion of our Inner Currency Rally of 1.099 continued to drop to strategic Mean Sup 1.084 and is on its way to a significant Mean Sup 1.067 and Inner Currency Dip 1.068 outcome. The current price action suggests a rebound from the letter prices to the designated target Mean Res 1.080. Overall, it is essential to closely monitor the Eurodollar market trend and take appropriate measures within critical price action of the support/resistance and dip result.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 8, 2023Technical Analysis and Outlook: Bitcoin has completed our three consecutive Outer Coin Rallies 39200, 41200, and 43700 in this week's trading. On the downside, the intermediate down target is Mean Sup 43100. The subsequent squeeze will likely be Mean Sup 41500. The upside price movement is expected to be aggressive and intense, as the market sentiment is tilted towards bullishness. The market participants will likely be actively buying, leading to a surge in demand for the asset pushing the price higher. However, it is essential to note that the market is volatile and subject to sudden changes, so investors should remain cautious and closely monitor the support and rally outcome price targets.
BITSTAMP:BTCUSD
by TradeSelecter
AUDUSD Bearish move to continueThe Aussie dollar has been going down against the US dollar for the past few days. This is because the US dollar is getting stronger and the Aussie dollar is getting weaker. The Reserve Bank of Australia (RBA) kept interest rates the same at their last meeting, but the market expects interest rates to be cut in the second half of 2024. The US dollar has been strong recently, even though US data has been mixed. The number of job openings was lower than expected, but the ISM Services PMI rose to 52.7 in November, which was higher than expected. US yields dropped after the data was released, but the US dollar remained strong. More employment data will be released from the US this week, including the ADP report, the weekly Jobless Claims, and the Nonfarm Payrolls (NFP) release. Overall, we are expecting a further drop from AUDUSD, and the NFP release on Friday will either push that drop or generate a pullback, and then the drop will resume the following week, we will see... Please feel free to share comments about this analysis and your point of view, thank you all, and trade with care!
Short
by financialflagship
S&P 500 Daily Chart Analysis For Week of Dec 1, 2023Technical Analysis and Outlook: The Spooz index in this week's trading session retested our completed Inner Index Rally 4590 of July 27, 2023, and is moving higher, targeting the Key Res 4630 and Inner Index Rally 4647, respectively. Once the market successfully achieves this target price, the follow-up squeeze will likely be significant and turbulent. Traders and investors should, therefore, be prudent and vigilant during this price action phase.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Dec 1, 2023Technical Analysis and Outlook: After completing our designated Inner Currency Rally 1.099 target this week's session, the Eurodollar performed as flagged in our EUR/USD Daily Chart Analysis for Nov 24 by dropping it to a primary pivotal squeeze to Mean Sup 1.087. The current price action suggests a dead-cat bounce to Mean Res 1.092 with a potential rise to retest the completed Inner Currency Rally 1.099 with a follow-through squeeze.
by TradeSelecter
"BULL MARKETS ARE BORN ON PESSIMISM"Did you come across several media reports, individuals and others betting on the crash of US economy and how everything will collapse. Here is a quote by Sir John Templeton - "bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria". So one can understand with the growing amount of pessimism all around as to which phase of the bull market we are in - yes, just the beginning. The S&P Real Estate weekly chart shows the impulse move up (through march 2020 to dec 2021) and a subsequent 70% retracement(through dec 2021-oct 2023) of the same. The index has now just completed a complex triple three correction (WXYXZ) and is all set to move up from here. The index could double from the current levels in the coming 2-3 years time. Note*- this is not an investment advice, please do your own research before making any investment decisions.
SP:S5REASLong
by neeraj_2_sharma
$DHI Supercycle Nearing CompletionThe stock is expected to complete its final move to Wave 5 of (V) before undergoing a significant correction, constituting a substantial correction in my view. My extended target for the upward trend is $143, with plans to consider short positions thereafter. The recent upward movement appears to be forming a rising wedge, adding to the overall wedgy appearance. The RSI shows a substantial bearish divergence since the completion of Wave III, signaling that Wave V is still underway. While the situation evolves, my current stance is to maintain a long position.
NYSE:DHIShort
by nomadhedge
2
How To Use RISK vs. REWARD RatiosHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 For today's post, we're diving into the concept " risk reward ratio " by taking a look at practical examples and including other relevant scenarios of managing your risk. What is considered a good risk to reward ratio and where can you see it ? This applies to all markets, and during these volatile times it is an excellent idea to take a good look at your strategy and refine your risk management. Let's jump right in ! You've all noticed the really helpful " long setup " or " short setup " on TradingView chart ideas. This clearly identifies the area of profit (in green), the area for a stop-loss (in red) and your entry (the borderline). It also shows the percentage of your increases or decreases at the top and bottom. This is achieved by using the tool you can find in your toolbar on the left, 7th from the top. The first two options are Long Position and Short Position. It looks like this : 💭Something to remember; It is entirely up to you where you decided to take profit and where you decide to put your stop loss. The IDEAL anticipated targets are given, but the price may not necessarily reach these points. You have that entire zone to choose from and you can even have two or three take profits points in a position. Now, what is the Risk Reward Ratio expressed in the center as a number.number ? The risk to reward ration is exactly as the word says : The amount you risk for the amount you could potentially gain. NOTE that your risk is indefinite, but your gains are not guaranteed . The risk/reward ratio measures the difference between the entry point to a stop-loss and a sell or take-profit point. Comparing these two provides the ratio of profit to loss, or reward to risk. For example, if you're a gambler and you've played roulette, you know that the only way to win 10 chips is to risk 5 chips. Your risk here is expressed as 5:10 or 5.10 .You can spread these 5 chips out any way you like, but the goal of the risk is for a reward that is bigger than your initial investment. However, you could also lose your 5 and this will mean that you need to risk double as much in your next play to make up for your loss. Trading is no different, (except there is method to the madness other than sheer luck...) Most market strategists and speculators agree that the ideal risk/reward ratio for their investments should not be less than 1:3, or three units of expected return for every one unit of additional risk. Take a look at this example: Here, you're risking the same amount that you could potentially gain. The Risk Reward ratio is 1, assuming you follow the exact prices for entry, TP and SL. Can you see why this is not an ideal setup? If your risk/reward ratio is 1, it means you might as well not participate in the trade since your reward is the same as your risk. This is not an ideal trade setup. An ideal trade setup is a scenario where you can AT LEAST win 3x as much as what you are risking. For example: Note that here, my ratio is now the ideal 2.59 (rounded off to 2.6 and then simplified it becomes 1:3). If you're wondering how I got to 1:3, I just divided 2.6 by 2, giving me 1 and 3. Another way to express this visually: If you are setting up your own trade, you can decide at what point you feel comfortable to set your stop loss. For example, you may feel that if the price drops by more than 10%, that's where you'll exit and try another trade. Or, you could decide that you'll take the odds and set your stop loss so that it only triggers if the price drops by 15%. The latter will naturally mean you are trading at higher risk because your risk of losing is much more. Seasoned analysts agree that you shouldn't have a value smaller than 5% for your stop loss, because this type of price action occurs often during a day. For crypto, I would say 10% because we all know that crypto markets are much more volatile than stock markets and even more so than commodity markets like Gold and Silver, which are the most stable. Remember that your Risk/Reward ratio forms an important part of your trading strategy, which is only one of the steps in your risk management program. There are many more things to consider when thinking about risk management, but we'll dive into those in another post. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Education
by CryptoCheck-
35
USDCAD - Small Pullback before another dropThe USD/CAD pair is making a comeback after recent losses in the last session. As of Monday's Asian session, it's trading higher around 1.3660. The Canadian Dollar (CAD) is feeling the pressure due to a drop in crude oil prices. The price of Western Texas Intermediate (WTI) has been on a decline since Wednesday, hovering around $75.00 per barrel at the moment. The dip in crude oil prices is linked to anticipation surrounding the upcoming meeting of the Organisation of the Petroleum Exporting Countries and their allies (OPEC+). Investors are hoping for an agreement on supply cuts extending into 2024. This decline in oil prices follows OPEC+'s decision to postpone a ministerial meeting to November 30. On a positive note, the Loonie Dollar (CAD) gained momentum on Friday. This was fueled by a Retail Sales report for September that exceeded expectations. Retail Sales (MoM) showed a 0.6% improvement, beating the anticipated 0.0% and the previous -0.1% decline. Retail Sales excluding Autos remained consistent with a 0.2% increase, compared to the previous -0.2% contraction. Meanwhile, the US Dollar Index (DXY) is hovering around 103.40, facing challenges in stopping losses despite improved US Treasury yields. The current 10-year and 2-year bond yields in the US are at 4.50% and 4.97%, respectively. This increase in yields is driven by market speculation that the Federal Reserve may consider easing monetary policy in 2024. Investors are keeping an eye on Canada’s Gross Domestic Product (GDP) and employment data, as well as key indicators from the United States, including Q3 GDP Annualized and Core PCE - Price Index. from our point of view this “recovery” of USDCAD is only temporary and can be interpreted as a pullback for more downside to come (please chart for details).
Short
by financialflagship
My Secret Bitcoin Map for 2024-2025: An Idea You Can't Miss 🚀📈Hey folks. Today, I'll unveil my secret trading roadmap for 2024-2025 🗓. This roadmap will be your trustworthy guide, helping you multiply your initial investments throughout this crypto cycle 🚀. Many traders and investors understand that financial markets are cyclical, and the cryptocurrency market is no exception. This cyclicality implies that price patterns tend to repeat, allowing us to anticipate future price behaviors. I know many analysts analyze and compare cryptocurrency cycles, but I haven't encountered such a comparison before 🧐. Before delving into the chart and predicting the future of Bitcoin and Altcoins, I want to note that I've been refining and testing this plan for the past 6 months ⏳. So far, the accuracy results are truly impressive ✨. More on that later. Global Bitcoin Forecast for 2024-2025 🌐 Now, let's move on to analyzing the chart 📊 and predicting the future price of the cryptocurrency market. In the chart below, I've compared the current Bitcoin cycle, the 2015-2017 cycle, and the 2019-2021 cycle. Did you notice the similarities between each cycle? Yes, the price diverges at times, but there's over a 70% correlation, which is quite significant 👀. It's worth noting that the bearish phase (downtrend phase) has ended. The accumulation phase is also nearing its conclusion. And soon, with high probability, the entire year of 2024 and the beginning of 2025 will see the cryptocurrency market in a bullish trend (growth phase). Pay attention to the current situation. During this period, in relation to the cryptocurrency market cycles, Bitcoin has always been in the accumulation phase (sideways trend). 📅 September - November 2023 In both previous accumulation cycles, it lasted about 200 days, after which there was a breakout upward and growth 🚀. Currently, the price has been in a sideways trend for approximately 170 days. If we go by the past, there's 1 month left before growth begins 📈. By the way, this scenario aligns very well with the months. September has always been a consolidation period 🛑, and October a month of growth 🌱. Currently, many people are expecting the price to fall, and it's no surprise, as this always happens after downturns. The market sentiment changes with the price movement. A week ago, I conducted a poll on my Twitter account and asked my audience: "In your opinion, which will Bitcoin reach first, $20k or $30k?" 61% of respondents believe the market will hit $20k first. Usually, as a rule, the market moves against the majority's opinion. Indeed, at the $19k - $20k level, there's a lot of liquidity 💧, strong levels, and if the price drops to $19k, it would be a great opportunity 🌟 to start investing in the cryptocurrency market. However, it's more likely the price won't drop below $22k - FWB:23K 📉. I'll give a 20% chance 🎲 that Bitcoin will indeed decline. If it does, prices below FWB:23K - $22k are very attractive for buying 💰 (in case of a drop, buy incrementally; this allows for a good average purchase price). The question arises: " If there's growth, where to? " 🤔 It all depends on how the price behaves throughout September 2023. If, during September, the price approaches the $30k mark and begins to consolidate, there's a good chance to reach $40k - FWB:42K 🎯. If the price stays around the same levels throughout September, then the targets might be around $35k 🎯. Additionally, I want to highlight a few patterns. In past cycles, the growth occurred in two waves and lasted about 1.5 months. I anticipate these patterns will repeat, and the cryptocurrency market will be in a growth phase until mid-November. Exact price prediction is impossible, so I set various targets. Everything is relative and will be adjusted in real-time. 📅 November - December 2023 If we look at past cycles, from the beginning of October until mid-November, we should expect growth 📈, followed by a reversal and a sharp decline 📉, likely in December 2023. Again, it's almost impossible to predict the exact fall targets; it could be $19k - $20k, FWB:25K , or the upper accumulation boundary, $30k. Everything will depend on the price growth in October - November 2023. In the 2015 - 2017 cycle, the drop was 40% 🔻, while in the 2019 - 2021 cycle, the price declined by 60% 🔻. Bitcoin's drop in December 2023 will be a holiday gift 🎁; keep an eye on the price 👀 and don't miss the opportunity to buy cryptocurrency at a discount before the start of the bull trend 🚀. 📅 January - May 2024 From the beginning of 2024 until mid-spring, the cryptocurrency market will likely be in a slow upward trend 📈, just as it was in past cycles. In March - April 2024, the Bitcoin halving will take place 🌗, which will certainly awaken the market and lead to increased volatility (sharp price jumps ⚡). Past cycles also suggest that during this period, we should anticipate a local price increase 🚀. Potential uplift levels: FWB:48K - $50k 💰. Also, note that in both the first and second scenarios, the price returned to the initial growth values. 📅 June - September 2024 According to our map, during this market period, we can forecast growth 📈 and an assault on Bitcoin's all-time highs: $69,000 💎. During this time, it's also worth anticipating a surge in news-related momentum 📰. Lately, most global investment funds have been applying for a Bitcoin ETF. Perhaps during this period, we should expect positive news related to this event 🎉. 📅 September 2024 - January 2025 After Bitcoin updates its ATH (all-time highs) 🌟, the price will start to skyrocket 🚀. During this period, you can begin to purchase altcoins, as a significant amount of liquidity will shift from Bitcoin to altcoins, marking the start of the much-anticipated altcoin season 🎉. By the end of 2024, Bitcoin might reach the $100,000 mark 💰 (a key psychological level). This, in turn, will lead to uncontrollable market mania 😲. You will notice the media 📺 extensively discussing Bitcoin and the cryptocurrency market. A vast influx of newcomers 🏃, who have little to no experience in trading or investing, will rush into the market and invest their savings 💼. Big players ("whales") 🐋 during this time will be massively selling their cryptocurrency to retail investors. Be cautious ⚠️, the end is near. 📅 February - May 2025 The final months of the bull market 🐂. At this stage, you've noticed that the cycles have started to differ. However, the dynamics remain similar. A correction followed by the last growth wave 🌊. Systems, models, and indicators point to different targets for this cryptocurrency cycle. I lean towards the new all-time highs (ATH) for Bitcoin being in the range of $130k - $170k 💎. Important All the information provided above is presented strictly for informational purposes and is not a recommendation to buy or sell financial instruments or currencies. I want to note that this map serves as a reference for me, but it is by no means my strategy or system. It helps me regulate my risk level. My primary system and strategy, which I rely upon and am willing to invest my own money in, is a complex of my own Buy/Sell indicators, guided by their signals. 👇 Research independently and manage risk accordingly. In the world of cryptocurrencies, nothing is impossible. ❗See related ideas below❗ Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
INDEX:BTCUSDLong
by Yaroslav_Krasko
2
A Strong Reversal Breakout StockDATAPATTNS looks like it's about to turn around: 1. Moving Average Move: - The stock is breaking through the 50-day average, suggesting a shift in its recent trend. 2. Big Volume Boost: - Lots of people are trading it, showing a lot of interest and confidence in a possible change in direction. 3. Bouncing Back: The stock is bouncing off a price level where it has stayed strong before. 3. Risk and Reward: Candlestick Clue: Keep an eye out for a special candle shape indicating a big market sentiment change. If the lowest point of that candle holds, it's a good sign. For those starting out in stocks, DATAPATTNS seems like an interesting possibility. Anything you need to ask? Here is me : 8800611235. #stocks #trading #investing
NSE:DATAPATTNSLong
by Trendx2
S&P 500 Daily Chart Analysis For Week of Nov 24, 2023Technical Analysis and Outlook: In this week's abbreviated trading session, the S&P 500 index has again shown a constant upward trend. Current price action exhibits a solid indication to hit our completed Inner Index Rally 4590 on July 27, 2023, and move higher to Inner Index Rally #1 4647 and #2 4713, respectively. However, it's important to note that the market may experience transient pullbacks at this level, causing severe drawdown. Once the market successfully achieves these targets, the subsequent squeezes will likely be significant and turbulent. Traders and investors should, therefore, be cautious and watchful during this phase, as it could considerably impact their trading and investment approach.
SP:SPX
by TradeSelecter