EURUSD March 23 weekly review Second week Price wicks up to the.79 on the weekly parent range. Price took the equal highs barely. Same as the DXY, EUR has been in a narrow tight trading range which I noted last week. Price did push up taking buy stops from March 11 and into the lower 1/4 of the Monthly SIBI. Price creates more equal highs on Tuesday. Price starts the week in a Premium in a consolidation pattern from Fridays close. Monday rallies previous Wednesdays high creating a equal high, retraces and sets up Tuesday to make the high of the week taking last weeks buy side. Wednesday starts the sell off from Premium to the 50 level and Thursday sells off small retracement then creates equal lows. Friday in a discount takes minor buy side to then take equal lows from March 10 to close in a discount on the current trading range. *Note last week and this week Tuesday made the high and then this week Price took last week highs on Tuesday. I have heard Tuesday makes the high or the low of the week. *Note from session to session how Price engineers in equal highs and lows to then take the next session or trading day.
1. Market Overview: Current market cap: $1.05T (+0.83%) The market cap has bounced from recent lows (~$827B) and is showing some recovery. The Fibonacci retracement levels suggest key areas of resistance and support. 2. Fibonacci Levels & Market Structure: The downtrend retracement from the recent high ($1.64T) to the low ($923B) is mapped with Fibonacci levels.** 23.6% ($1.09T) and 38.2% ($1.2T) retracement levels are key resistances. Major resistance around $1.28T (61.8% Fib), which aligns with previous consolidation zones. If the price fails to break above $1.09T convincingly, a potential retest of the $923B- MIL:1T range is possible. 3. RSI & Momentum: RSI is showing slight bullish divergence, indicating that selling pressure is reducing. RSI is currently below 50, meaning there is still cautious sentiment, but an upward break could confirm a bullish shift. 4. Key Scenarios: ✅ Bullish Case: If TOTAL2 reclaims $1.09T and holds above, it could target $1.2T and then $1.28T. ❌ Bearish Case: Failure to break $1.09T might result in a pullback towards MIL:1T or lower. Conclusion: Short-term: Neutral to slightly bullish (needs confirmation above $1.09T). Long-term: Needs a break above $1.2T for trend reversal confirmation. Watching volume and RSI movement is crucial for next moves. Would you like a detailed trade setup or further insights on potential altcoin impact? ?
On the above 4 day chart price action has corrected 90% since March 2024. A number of reasons now exist to be long, they include: 1) Price action and RSI breakouts. 2) Price action confirms support on past resistance. 3) Regular bullish divergence. 4) Expect a rally to the $5 area before downtrend continues. Is it possible price action corrects further? Sure. Is it probable? No. Ww
We are in the Wave B of Flat that started in late April 2024, and from the rules of Elliott Wave, B must have 3 waves(two impulses and one corrective). The first impulse is marked in Green as Wave A. Wave B(Green) is the correction that comes inbetween the two impulses and is a Zigzag. Our last impulse unravels in a 5-Wave move and is marked in Blue.Wave 2 of this 5-wave move was a Zigzag and we should expect a Flat for the 4th Wave. This Wave 4 begins with a deep 3 Wave move that retests around the 161.8 mar. Therefore Wave A(Red) is complete and we should expect a strong 3 Wave move to complete B of the Flat.
Ethereum is currently showing strong bullish potential on the 1-hour chart, forming a powerful confluence of reversal patterns—Inverse Head & Shoulders and the Quasimodo Pattern. These patterns often indicate trend exhaustion and signal a shift in momentum. ? Pattern Analysis 1. Inverse Head & Shoulders Pattern This pattern is a classic bullish reversal setup. The structure is well-defined: Left Shoulder: Forms after a local downtrend. Head: Makes a deeper low. Right Shoulder: Higher low indicating reduced selling pressure. The neckline has just been breached, suggesting the breakout has begun. 2. Quasimodo Pattern (QM) Often forms at key reversal points. Characterized by a head and shoulders structure with a lower low (head) and a higher low (right shoulder). Acts as additional confirmation of a reversal with tight invalidation zones. The Quasimodo zone also aligns with strong demand just below $1,970. ? Target Projection The projected minimum target is measured from the bottom of the head to the neckline, then added to the breakout point. Target: ~$2,121.41 This implies a 5.38% potential move from the breakout zone. The yellow highlighted area marks a potential supply zone, where price could face resistance. ? Trade Considerations Entry: On breakout above neckline (already triggered). Confirmation : Look for bullish candles + volume spike. Retest Entry: If price revisits the neckline (~$2,000 zone) and holds as support, it provides a second chance entry. Invalidation: A break below the right shoulder (~$1,965) would invalidate the pattern setup. Stop Loss Idea : Below the head or right shoulder depending on risk tolerance. ? Confluence Factors Dual bullish reversal patterns (H&S + QM) Breakout in progress with bullish momentum Strong price reaction from the higher low confirms buyer interest Room to run into previous supply zone around $2,120–2,140
Hello, Trading Community! I'm excited to share my 100th publication with you all! Grateful for the support and learning from this journey. To mark this milestone, I’m sharing an educational post on Swing Trading—hope it adds value to your trading. Thank you for being a part of this! Let’s keep growing together. Happy trading! Introduction-: Swing trading is a powerful trading strategy that allows traders to capture market fluctuations over a period of several days to weeks. Unlike day trading, which requires constant monitoring of charts, swing trading enables traders to take advantage of medium-term price movements without being glued to the screen all day. This guide explores the fundamentals of swing trading, key indicators, strategies, risk management, and common mistakes traders should avoid. By the end of this article, you’ll have a solid foundation to approach swing trading effectively and improve your trading success. Have you ever wondered how professional traders capitalize on market swings without constantly watching the charts? Let's break it down. ?What is Swing Trading-: Swing trading is a trading style that focuses on capturing short- to medium-term price movements in financial markets. Traders hold positions for several days or weeks, aiming to profit from price swings within a trend. Unlike day traders, who enter and exit positions within the same day, or long-term investors who hold assets for months or years, swing traders take advantage of short-term fluctuations while aligning with the broader trend. A key principle in swing trading is identifying trends and trading in their direction. For instance, in an uptrend, a trader looks for pullbacks to enter at a favorable price, while in a downtrend, they may look for rallies to enter short positions. A well-structured chart example showing an uptrend with higher highs and higher lows can help illustrate this concept effectively. ?Key Indicators and Tools for Swing Trading-: Swing traders rely on technical analysis to find high-probability trade setups. Some of the most commonly used indicators and tools include: 1. Moving Averages (50 & 200 EMA) – Helps identify the overall trend. A price above the 50-day EMA indicates an uptrend, while a price below suggests a downtrend. 2. Relative Strength Index (RSI) & MACD – Used for entry confirmation. RSI helps identify overbought and oversold conditions, while MACD provides trend direction and momentum shifts. 3. Fibonacci Retracement – Useful for identifying pullback levels within a trend. Traders use Fibonacci levels (38.2%, 50%, 61.8%) to anticipate where price might find support or resistance. 4. Support and Resistance Levels – Key price areas where reversals or consolidations often occur. Identifying these levels helps traders find entry and exit points. A well-annotated chart with these indicators applied can illustrate their importance in real trading scenarios. ?Swing Trading Strategies with Examples-: Trend-Following Swing Trading This strategy involves entering trades in the direction of the prevailing trend. Traders wait for pullbacks to enter a position rather than buying at the peak. Moving averages and RSI are commonly used to confirm the trend and entry points. Example: A stock in an uptrend retracing to the 50-day moving average with RSI bouncing from the 40 level can be an ideal entry point. ?Breakout Swing Trading-: This strategy focuses on trading breakouts from consolidation patterns such as triangles, flags, and channels. Traders use volume and MACD to confirm the breakout’s strength before entering. Example: A stock breaking out from a flag pattern with increased volume signals a strong continuation. A stop-loss is placed below the breakout level to manage risk. ?Mean Reversion Swing Trading-: This approach involves buying oversold conditions and selling overbought conditions. Bollinger Bands and RSI divergence help identify potential reversals. Example: If the price touches the lower Bollinger Band and RSI is below 30, traders anticipate a reversal and enter a long position. Charts illustrating each strategy with proper entry, stop-loss, and target levels can significantly enhance the reader’s understanding. ?Risk Management in Swing Trading-: Successful swing trading isn’t just about finding the right setups—it’s also about managing risk effectively. 1. Risk-Reward Ratio (Minimum 1:2) – Ensuring that potential profits outweigh potential losses. If a trade has a stop-loss of 10 points, the target should be at least 20 points. 2. Stop-Loss Placement – Placing stop-loss orders below swing lows for long trades and above swing highs for short trades to limit downside risk. 3. Position Sizing – Avoiding excessive exposure by ensuring no more than 2% of total capital is risked on a single trade. 4. Using ATR (Average True Range) – A dynamic way to set stop-loss levels based on market volatility. An example chart demonstrating a well-placed stop-loss and take-profit target can reinforce these concepts. Common Mistakes to Avoid in Swing Trading-: 1. Overtrading – Entering too many trades based on impulse rather than solid setups. 2. Ignoring Market Context – Trading against the trend or ignoring macroeconomic factors. 3. Not Using Stop-Loss Orders – Holding onto losing trades in the hope that the market will reverse. 4. FOMO (Fear of Missing Out) Trades – Entering trades too late, after the move has already happened. Understanding these common pitfalls can help traders refine their strategy and improve long-term success. ?Conclusion: Becoming a Profitable Swing Trader-: Swing trading offers an excellent balance between short-term trading and long-term investing. By using technical indicators, proper risk management, and well-defined strategies, traders can capitalize on price movements while minimizing risk. Before implementing these strategies in a live market traders should backtest them using TradingView to see how they perform over historical data. Best Regards-: Amit
?Hi! Hola! Ola! Bonjour! Hallo! Marhaba!? Dear Money Makers & Robbers, ? ??✈️ Based on ?Thief Trading style technical and fundamental analysis?, here is our master plan to heist the XLM/USDT "Stellar vs Tether" Crypto Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. ??"Take profit and treat yourself, traders. You deserve it!??? Entry ? : "The heist is on! Wait for the MA breakout (0.2900) then make your move - Bullish profits await!" however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level. ?I strongly advise you to set an alert on your chart so you can see when the breakout entry occurs. Stop Loss ?: Thief SL placed at the recent/swing low level Using the 2H timeframe (0.2600) swing trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. ?☠️Target ?: 0.3400 (or) Escape Before the Target ?Scalpers, take note ? : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money ?. XLM/USDT "Stellar vs Tether" Crypto Market Heist Plan (Swing Trade) is currently experiencing a bullishness,., driven by several key factors. ??️Get & Read the Fundamental, Macro, COT Report, On Chain Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets.. go ahead to check ??? ?Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. ⚠️Trading Alert : News Releases and Position Management ? ?️ ?? As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits ?Supporting our robbery plan ?Hit the Boost Button? will enable us to effortlessly make and steal money ??. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.???❤️?? I'll see you soon with another heist plan, so stay tuned ?????
went short on bmt just now. I anticipate that the market will push down to the 0.15 area before day end today.
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
This is my personal view of what we will see in the crypto space. Btc has 1 more move to go up higher, if alts are going to do anything, you would want to see them move higher on this move.