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Supportandresitance

Support turned Resistance in VoltasVOLTAS weekly chart has exhibited a typical support turns resistance price behavior in the 920 zone. The stock took support in this zone in Apr'21 and again a couple of times in May'22. It finally left this zone toward the down side in Sep'22 only to bounce back against the 920 support zone six months later in Mar'23. However, this time the 920 zone has turned out to be a resistance, a typical behavior in technical analysis, and the stock has fallen sharply from there. The weight of the evidence now points toward further downside in the price.
NSE:VOLTAS
by vipulmehta817
S&P 500 Weekly Technical AnalysisES Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Fibonacci Retracement, Pitchfork, Modified Schiff Pitchfork - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
CME_MINI:ES1!
by BahamasX
AMAT -Rising Trend Channel [SHORT TERM]- AMAT is in a rising trend channel in the short term. - AMAT has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 119. - Further rise to 128 or more is signaled. - AMAT has support at 110 and resistance at 124. - Overall assessed as technically positive for the short term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price We hope that you have made good gains with the #wavepoint Verify it first and believe later. WavePoint ❤️
NASDAQ:AMATLong
by wavepoint99
EURUSD Monthly Technical AnalysisEURUSD Monthly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Cluster, Fibonacci Retracement, Channels - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
by BahamasX
2
Short Term Pain / Long Term GainsThe current short term outlook for DOMO doesn't appear to be great. Taking a step back to look at the longer trend makes this chart a lot more bullish . Two lines of curved resistance have been added to reinforce this idea. Could plausibly roll into something like a Cup & Handle , but not enough information/confirmation to chart that. Pivots have been added just because, although I've seen charts where that are more informative. $10 is a significant price level so I added that. It also appears to be relatively where the completion of this Bear Flag would be if it goes through on Opening Bell. The demise of First Republic Bank perhaps would almost assuredly send it to this price range as well. The overarching fear for the tech/startup space is no room for parking cash. This could drastically disturb any noted trends here. Yes, this is a repost, but for some reason the chart was blank until it was clicked on prior. Tell me if I'm wrong. I don't mind. Please don't ad hominem though. DYOR/DYOC.
NASDAQ:DOMOLong
by mrniemeier
JPYX INC BULL SWINGJapanese Yen is nearing a crucial point of FIBO level 61 This level can be see as a pivot point for price action many times over and over again The yen fundamentally is in a 20+ Year run of Qualatative easing and negative interests rates The new BoJ Ueda seems very reluctant to use any type of terminology that leads one to believe that a swift change is on the horizon However the tides are still shifting for the YEN and the consensus of a great majority of economists in the region is that its not a matter of IF QE will stop, its just a matter of WHEN Assuming our critical fibo level holds as support for the WEEKLY uptrend, then we should see the DAILY/H4 trend turn from BEAR to BULL at these levels Our targets are painted by the Fibo Extension of the potential support levels
PEPPERSTONE:JPYXLong
by NakedTrading4U
Approaching a pivotal week for the S&PThe S&P500 / ES is sitting right at a critical point which I believe will break this week or next The weekly chart shows that the S&P is now above most key moving averages, including the 200 moving average (displayed in black), the 20 moving average (displayed in white) and the 50 moving average (displayed in yellow). Also it has broken above the upper resistance trend line (displayed in red), these are all obviously very bullish but a few major headwinds remain that may upset this upwards momentum. Price last week touched the 100 moving average (displayed in blue) but then rejected back down to end up finishing right at the Fib Extension 0.236 level. Ironically the 100 moving average has been a menacing level that has been difficult for the S&P to break through, 7 weeks ago and 21 weeks ago exactly the same touch and rejection of the 100ma occurred. Further to this we are about to enter one of the most bearish seasonal periods of the year for the S&P, I've included a seasonality indicator in my chart which shows 3 year, 6 year and 9 year tendencies and they all have exactly the same downwards pattern starting in February. The indicator below the Seasonality scan is RVI (relative volatility index), this is good for measuring both the volatility along with direction. Inline with what the market has been doing the past few years the RVI had been generally trending up and created a support line that was largely unbroken from end 2018 - Jan 2022, and since been broken the RVI is now showing a downwards trend and instead of a support line there is a resistance level over head that price is close to approaching. The last indicator on the chart includes Larry Williams Vix_Fix which had turned red recently (2 bars/weeks), signalling we are in historically low volatility period in the VIX, most traders know that large moves often follow periods of very low and/or contracting volatility. This last indicator also includes a display for the bond yield curve and this is currently shown in the maroon/deep red which confirms a fairly long period inverted curve which is also known as a precursor sign of recession and market sell off. The recent closed weekly candle was an indecision candle so this week that is coming or perhaps the one that follows should tell a lot about where the market will be heading over the course of the next few months A bullish bias would mean Price this coming week will disregard the seasonal bearish tendency and instead break above both the 100ma and the 0.236 Fib and close the week above these levels. A bearish bias would mean Price has closed back below the resistance level on the chart (both price resistance & RVI resistance) and price has tracked the normal declining seasonal pattern that plays out around this time of the year. I see more chart evidence of a coming decline than an incline but in any case we still need to wait for direction confirmation which should look like one of the above scenarios. So it is time to pay very close attention to the charts and In the week that follows the market direction confirmation signal I suspect we will see some large and fast moves of either sideline money coming into the market to cause one last blow off top before some kind of recession sell off later in the year or heavy selling as these key levels get rejected and the seasonal sell of takes hold.
CME_MINI:ES1!
by gary_trades
Daily BTC 1DChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the blue lines to mark the local uptrend channel that the price has left the bottom. However, after marking the uptrend line, we see that the price has rebounded from it in the current correction. Now we can move on to marking the places of support in the event of a correction. And here we have the first very strong support at the so-called Fib golden point at $19,221, however, when we fall below this support, we can see a drop to around $17,577. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. First resistance at $20895, second resistance at $21747, third resistance at $22401, then a very strong resistance zone from $23086 to $24029. When we turn on the EMA Cross 10 and 30, we see where the moving averages intersect and the downtrend begins. Please pay attention to the CHOP index which indicates that the energy has been used, the MACD indicator confirms the ongoing uptrend, while the RSI shows that the indicator has fallen below the lower limit, which may potentially be the end of the correction.
by cryptodailyuk
BTC Support and ResistanceRecently I added VRVP (Volume Profile Visible Range) into my Support and Resistance BTC chart. Something I found interesting in this was the Point of Control (POC) Previous cycle ATH is the most active price point for trading engagement. This provides me a fundamental insight that there were a lot of investors/trades were expecting retest of previous ATH. This is a common theory in technical analysis. In addition it reflects that we are in an accumulation period for bitcoin. The big blue box shows my interpretation on accumulation zone. VRVP (Volume Profile Visible Range): Reflects the amount of volume traded at certain price points. Generally most effective when trading larger-cap crypto assets.  POC (Point of Control) :  is the node with the highest volume profile, and appears as the longest bar. This can be used as an important retest point or to calculate potential support and resistance. Orange Dash Line. If you like this idea, please feel free to share some love. Also I welcome any and every sort of comments and criticisms as it helps me to improve my analysis. If you are from Sri Lanka Please feel free to check out our local communities encouraging responsible investment cryptocurrencies. Learn! Invest! Earn!
by cryptochi1986
1
Gold Analysis and Trade Idea for 02-Mar-2023GOLD As on last day of Feb gold showed trend reversal and was unable to break 1800 sentimental support level, and broke 1830 resistance level. it is a clear indication of bullish trend and this metal will start bullish journey from here. I am waiting for it break 1846 level to go further long or break support level of 1828 to go further short. So until market makes a clear direction i am not going into trade. Generally market is test 1840 right now and it is still unable to break it. so if it breaks it the next level is 1846, 1852, 1859. so focus on these levels before taking any entry. And for any reasons if price can stable under 1828 then it will try to reach 1813, 1798 and 1785 level. Resistance level:1846 , 1852 , 1859 Support level: 1828 , 1823 , 1813
FX:XAUUSD
by xeshaan
USD/CHF: a short-term "SELL" is on the wayAs it can be identified from the higher-timeframe graphs, the price has formed some sort of a triple top, which is a sign of incapability of a bullish break. From here, we are expecting for the price to perform a solid, potentially a 100-pip drop and reach the level identified on the graph (area of the previous Higher High that lines up with the 50% Fibonacci retracement level drawn from the bottom of the 0.922 impulse. The overall sentiment remains bullish, however, it would be beneficial to profit from this short-term hedge move. Wishing a green Thursday for everyone! Investroy
Short
by Investroy
13