Here I present some TA on HBAR. I believe we are in a turbulent zone and a top is in or about to come in fast. Hope this helps.
am selling the US30 now due to trend change and analysis
Trendlines offer a broader perspective, helping identify larger price trends. On the chart, two primary trendlines emerge: Dashed Downtrend Line: Short-Term Resistance The dashed blue line, constructed from 1-hour candles over the past three months, has acted as a critical resistance in the short term. Recent price action indicates that the stock is struggling to breach this line, reinforcing bearish momentum. The expectation is as follows: Dashed Downtrend Line: Short-Term Resistance The dashed blue line, constructed from 1-hour candles over the past three months, has acted as a critical resistance in the short term. Recent price action indicates that the stock is struggling to breach this line, reinforcing bearish momentum. The expectation is as follows: Break Below the Dashed Line: If the price decisively breaks below the dashed blue line, it would signal the continuation of the short-term bearish trend. This could lead to accelerated selling pressure, pushing the stock lower. Implications of the Break: A breakdown would align the shorter-term trend with the long-term green channel, suggesting that the price might seek support at the lower boundary of the green ascending channel. Green Ascending Channel: Long-Term Support The green ascending channel, derived from daily candles, represents the stock's broader bullish trend. The lower boundary of this channel serves as a critical support zone: Target for the Decline: Once the price breaks below the dashed blue line, the expectation is that it will move toward the lower boundary of the green channel, where long-term buyers might re-enter the market. Support Strength: Historically, the lower boundary of the green channel has acted as a robust support, providing strong bounce opportunities. A touch at this level would likely present a favorable entry point for long positions in alignment with the long-term uptrend.
Good Morning Everybody, There is a trade setup that’s developing right now. As we analyze the current market conditions, we can see that both the weekly and daily charts are indicating a bearish trend, which suggests potential downward movement. Additionally, the 4-hour timeframe is beginning to show signs of a shift towards bearish sentiment as well. Our next key step is to wait for the candle to close in a bearish position at 9 AM. Once that happens, we will be on the lookout for a pullback or retracement in price. This pullback will create an opportunity for us to shift our focus to the smaller timeframes, where we will be monitoring for a definitive change in market structure. By doing so, we can position ourselves to take advantage of potential downward movements in the market. Let’s stay sharp and wait for the right signals!
**? Gann Grid Analysis of The United Bank (EGX) – 1-Hour Timeframe** This chart showcases a comprehensive Gann analysis using the Gann Grid and key levels. The setup provides a geometric framework to analyze potential support and resistance zones, as well as the overall trend. Let’s break it down. --- ### ? **Key Levels Highlighted** The grid is based on the Gann principles, where price is projected using geometric angles. Here are the major levels and their significance: - **0° = 13.9 EGP**: The base level, marking the start of the projection. It’s the foundation for all subsequent calculations. - **45° = 14.495741 EGP**: Acts as an initial resistance zone. If price sustains above this, it often indicates bullish momentum. - **90° = 15.103982 EGP**: A significant midpoint and a potential target in an upward move. - **180° = 16.357965 EGP**: A key level where price typically tests before continuing higher or reversing. - **360° = 19.01593 EGP**: Represents a long-term price projection and a potential upper limit of this move. The intervals between these levels represent equal divisions of price movement, offering a structured way to identify where price may react. --- ### ? **Understanding the Gann Grid** - **Horizontal Lines (Yellow)**: These correspond to price levels derived from the Gann angles, providing support and resistance zones. - **Diagonal Lines (White)**: Represent Gann fans, which indicate the speed and direction of the trend. When the price respects a specific diagonal line, it confirms the trend’s strength. The green vertical lines denote significant time cycles, as per Gann’s theory. These lines are critical moments where price action could see a shift, either continuing the trend or reversing. --- ### ? **Current Price Action** - The price is hovering near **14.340 EGP**, close to the **45° level (14.495741)**. This suggests the price is testing a minor resistance. - If the price breaks above this level and holds, the next target is the **90° level (15.103982)**. - Conversely, if the price fails to sustain and moves downward, the next support is the **22.5° level (14.196308)** or potentially the base level at **13.9 EGP**. --- ### ?️ **How to Use This Analysis** 1. **For Long Positions:** - Look for a clean break above the **45° level (14.495741)** with strong momentum. - Targets: **90° (15.103982)**, **135° (15.774223)**, and **180° (16.357965)**. 2. **For Short Positions:** - A rejection at the **45° level (14.495741)** could signal a move back to **22.5° (14.196308)** or lower. - Stop-loss: Above **90° (15.103982)** for short trades. --- ### ? **Conclusion** This Gann-based framework offers a unique perspective on price action for The United Bank (EGX). By closely monitoring these levels, traders can better anticipate market movements and make informed decisions. The chart also emphasizes the importance of time cycles and diagonal trendlines, which are essential in Gann analysis. What are your thoughts on this setup? Let’s discuss in the comments! ?
One can plan to invest in this stock in a staggered manner with 520 WCB SL.. Wave 3 looks certain..
Dive into today's analysis of Nasdaq futures (December 12, 2024) and uncover the insights you need to trade confidently. Here's what you'll find: ? Market Overview: Analyze the ongoing bullish trend with potential zones for corrections and new highs. ? Key Levels: Discover the most relevant areas for long and short entries, including strategies for targeting over 100-point moves. ? Actionable Strategies: Learn how to approach intraday opportunities while considering rollover adjustments and contract dynamics. This video is perfect for traders looking to refine their technical analysis and capitalize on market movements. Join us and stay ahead of the market! ? Subscribe to the channel for daily trading insights and expert strategies. Click now to gain an edge in your trades!
Double bottom pattern in hudco. Big spike in volume and delivery qty (checked on NSE's website) on breakout of neck. Wait for Retest to support at around 230 Risk to reward ratio of more than 3.
"? Welcome to Golden Candle! ? We're a team of ? passionate traders ? who love sharing our ? technical analysis insights ? with the TradingView community. ? Our goal is to provide ? valuable perspectives ? on market trends and patterns, but ? please note that our analyses are not intended as buy or sell recommendations. ? Instead, they reflect our own ? personal attitudes and thoughts. ? Follow along and ? learn ? from our analyses! ??" update of filusdt.I think the bulish trend will start soon.
Go through the analysis carefully and do trade accordingly. Anup 'BIAS for the day (05-12-2024) Current price- 2701 "if Price stays above 2680, then next target is 2711 and 2730 and below that 2670 ". immediate support- 2701-2703 -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk more than 1% of principal to follow any position. Support us by liking and sharing the post.