The price is trading in the lower half of the Bollinger Bands, suggesting weakness. Support Levels: Around $0.85 - $0.90 (Recent lows) Resistance Levels: Around $1.00 - $1.10 (Bollinger mid-band & psychological level) Bearish Bias: The price remains below the moving average and in the lower Bollinger Band range. Potential Reversal: If price breaks above $1.00 with increasing volume, it could signal an uptrend reversal.
Just went short on xtz market looks likely to trend down am targetting $0.735 area and maybe lower. I anticipate the overall market expect to dump.
CME_MINI:ES1! NASDAQ:NVDA NASDAQ:AAPL NASDAQ:AMZN NASDAQ:META NASDAQ:MSFT NASDAQ:GOOGL NASDAQ:COIN BUY OPPORTUNITY on CME_MINI:ES1! The chart shows a strong bullish setup. A well-defined wave structure is visible along with a key Fibonacci retracement level marking the pullback. A divergence in momentum has been noted, and the price action has bounced off the 52-week EMA, suggesting that buyers are stepping in. Fundamentally, the outlook remains positive. Recent macroeconomic data points to solid consumer spending and steady industrial production, while bank earnings and statements from major financial institutions have added to market confidence. These positive signals help support the S&P 500’s broader resilience, reinforcing the potential for further gains. That said, caution is advised. Uncertainties such as shifting monetary policy, potential geopolitical tensions, and any unforeseen changes in economic data could introduce volatility. Traders should consider tight risk management and stop-loss strategies to mitigate downside risks. Not Financial Advice
I am very excited to share with you the accumulation of all the knowledge, skills, and experience I have now and its application since I started trading in 2015. It's now 2025, practically 10 years have passed from the moment I saw potential in being a retail trader, from being in an on and off, love hate relationship with the thing I am passionate about the most. Mastery of the markets provides a deeper sense of enlightenment, it will provide you a fresh way to think about your life and your purpose because now you can finally say, "I am free to choose the life I want to live because the fixed time spent is removed from the equation that calculates the wage you take home to sustain your existence". I have experience in trading the local stock market, foreign indices, cryptocurrencies, currency pairs, and commodities - and the latter two will be my main markets moving forward. I am grateful for my accountability partner Overunity, my confidante and my rock since 2020 and continuing forward. I am and was a student of Astari (2021), Sirius (2022), and Celerity (2023). They each have their own specialties and I appreciate their craft in educating the eager ones and promoting responsible trading. I would also like to emphasize that even with the appropriate knowledge and skills gained from educational programs, you have to have your own arsenal of trading tools to get you far in the trading industry. Identify the tools you need to make each trade repeatable and replicable as possible and you will succeed. Last but not the least, psychological maturity takes time. The earlier you accept losses, the faster you are to becoming consistently profitable. Trading is definitely a personal experience - and I wouldn't have it any other way. I am still and will forever be a student of the market. :-)
This chart shows classic Flat correction that is in its final stages which would be labelled as Wave 5(Red) hence Wave C(Green) and therefore Wave B(Blue). When B is complete, it would mark the end of the correction and a move up at least 100% of Blue Wave A would begin. This would be Blue Wave C. The Market obeys Elliott Wave Principles in phenomenal ways. Ways that are Logical, Scientific and Mathematical, all encompassed on this beautiful principle. This is more than just a Theory. Its the Foundation of the Market and hence Trading.
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # MVB Financial Corp Stock Quote - Double Formation * Pattern Confirmation | Inverted Feature * (Consolidation Argument)) | Area Of Value | Subdivision 1 - Triple Formation * Wave 1, 2 & 3 | Ongoing Wave Structure | Subdivision 2 * Retracement Area At 19.00 USD | Entry Bias | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
A Flat correction(marked in Red) is in its final stages as part of the 2nd wave(or Wave B) of a larger Flat. Upon completion, it would be marked as Red Wave C and Yellow Wave B. The next move would be to the upside and would be at least 100% of Yellow Wave A.
AIR CANADA looking like it's gearing up for a turnaround on the weekly timeframe, based on the stochastic levels, and dragonfly doji, symboling the end of the downtrend. Wait for a conformation hopefully next week with a nice candle to the upside and hopefully trump stays out of the headlines (he won't)
Will the 4 year cycle repeat again? From the past historical data looks like the end of bull run of this cycle will end up in end of September 2025 plus/minus few weeks. Based on the simple measurements. see the chart.
I am writing this post to organize my thoughts on ATR and Volatility. I have noticed that there are three different phases of Volatility. Low Medium High https://www.tradingview.com/x/OFFBtlT6/ Using the 1 period ATR on the Daily chart, the high to low movement indicates what kind of Volatility one can expect. Low Volatility is when, on average, the daily high to low is around 300 ticks +/- https://www.tradingview.com/x/SAUey4lg/ 300 ticks is just a number. What I am looking for is the percentage. Low Volatility seems to be when the high/low movement of the day is around 0.50%-0.70% of the price of Dow Jones. Example: If Dow Jones is at 85,000, then 0.60% would be 510. Therefore, a low volatility day within this price range would be 510 ticks on average. Because Dow Jones is at on average 44,000 then a low volatility day using 0.60% would be 265 ticks. This is in line with 300 ticks on average. On the 15-minute time frame, using the 14 period ATR, I try to line up the peaks of the ATR values. In this case, it lines up to around 50 ticks. https://www.tradingview.com/x/tDPIUHqf/ This information is vital in knowing how big stop losses and targets should be. If a low volatility day is around 300 ticks, then does it make sense to go for 300 tick moves? Depending on your risk to reward preferences, you can use ATR in a myriad of ways. I personally use 1.25 times the 15-minute peak ATR as this is my entry time frame. The peaks are on average 50 ticks. This would give me an ATR stop loss of 62.50. I would round it up to 65 ticks. If I was to take this hypothetical trade, I would use the 65 ticks stop and using 2.5 risk to reward, I would use 165 tick targets. https://www.tradingview.com/x/W91wpID6/ If one would like to go for a 1 to 1, then they can use twice the peak ATR of 50 ( 100 ticks ) and go for 100 tick targets. https://www.tradingview.com/x/AOjx59ea/ Medium Volatility is around 580-600 ticks on the daily chart, or 1.25% from high to low. On the 15-minute chart, this would be 90 ticks using the peaks of the 14 period ATR. Using 1.25 times the ATR, I would arrive at 115 ticks for stop loss and using 2.5 risk to reward, I would target 290 ticks. This would give the trade room to play out. https://www.tradingview.com/x/7p2GDN2f/ High Volatility is around 850 ticks and above. On the 15-minute chart, High volatility is 135 ticks. Using my same 1.25 time ATR, the stop loss would be 170 ticks and the target 425 ticks, using 2.5 risk to reward. https://www.tradingview.com/x/sGqeTydj/ If I were to take this hypothetical trade, and even having a not-so-great entry, using a 170 tick stop loss would allow me to take some heat on the trade but still stay in. Going for 2.5R, I would target 425 ticks. https://www.tradingview.com/x/4nKovVwL/ Taking this other hypothetical trade, one could still be in the trade and achieve the profit goal without getting pinged out by wicks. https://www.tradingview.com/x/ULsoKmMC/ This allows a trader to not have the pressures of being so pinpoint accurate on their entries and to allow a trade to play out without getting pinged off the trade. We are not brain surgeons and therefore, do not need to be highly accurate and precise. You can be an average trader with good technical skills and still achieve success. Using the ATR indicator is an art form and is not rigid in its application. You have to use judgement calls when reading the numbers. It is not a fool proof indicator and sometimes you will under or overcompensate what number to use. I hope this post was helpful for anybody and feel free to leave comments down below on your thoughts. Thank you.