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https://www.tradingview.com/x/NhHejwVL/ My dear friends, My technical analysis for TESLA is below: The market is trading on 406.51 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish ) continuation. Target - 414.50 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Last week XAUUSD did exactly what I've said in my outlook. After the finish of the correction down into the lower Daily FVG, price went up again to the higher Daily FVG. Now price is rejecting from the higher Daily FVG so next week we could see a correction down. After that this pair could go higher again. Let's see what price does and react. Trade idea: Wait for the correction down to finish and after a change in orderflow to bullish on a lower timeframe, you could trade longs. If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.
ICT EURUSD Daily Analysis SMC & Key Area's , just set alerts and watch for entries on lower timeframes
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Key Observations: Elliott Wave Structure: COIN has been trading within a clear Elliott Wave pattern across the timeline shown. The chart displays a complete 5-wave impulse followed by a corrective phase. Currently, we are observing the development of another impulse wave which could be signaling the start of a new bullish cycle. Fibonacci Levels: The stock finds significant support and resistance at key Fibonacci levels. Notably, after touching the 0.618 Fibonacci retracement level at approximately $239.3, COIN shows signs of a bullish reversal, initiating the potential formation of a 3rd wave which often is the strongest and longest. Channel Trading: COIN has respected a rising channel, bouncing off the lower bounds and facing resistance at the upper. The interaction with these channel lines provides crucial entry and exit points. Technical Indicators: Volume: Trading volume appears to corroborate the wave counts, with spikes in buying volume at the start of impulse waves and increased selling pressure during corrective phases. RSI: The Relative Strength Index shows fluctuating momentum, with recent readings heading towards overbought territory, which aligns with our observation of the beginning of a potentially strong upward wave. Future Projections: If the bullish momentum continues, and COIN respects the Elliott wave pattern, the next significant resistance is expected at the 1.618 level around $575.70. However, a break below the current support at the 0.618 level could invalidate this bullish outlook and may lead to a retest of lower support levels. Trading Strategy: Long Position: Traders might consider taking a long position near the 0.618 Fib level with a stop-loss just below it. The target would be the 1.618 Fib level, aligning with the peak of the projected 3rd wave. Short Position: A break below the 0.618 Fibonacci level could be used as a signal to initiate a short position targeting the next key support level. Conclusion: COIN exhibits a strong technical structure that offers potential for both bullish and bearish trades depending on key levels. Monitoring these levels along with volume and RSI can provide valuable signals for entry and exit points.
Since the high move and the downfall, the central line could mean the stock is still repositioning itself and has yet to find the outcome of the direction in which it is confident. The stochastic RSI is centrally located, and the MACD, even though a bearish run has crossed over, short-term EMA and other oscillators and indicators seem bullish. Still, it's 50-50 in sentiment. 2 gaps need to be filled at mid-10, where we will be comfortable reevaluating.
In the 4H Chart, the pair is currently making a sideways correction of wave X, and we should target lower prices for wave Y. Green support level around 1.645 is an interesting target. Alternatively, wave X could still be in progress, and we would see upside grind before the drop. I consider the first scenario to have a higher probability.
All is well Good day Just my view and educational purposes only I'm not a SEBI registered advisory...trade on your own risk. This is simple ORB Strategy with volume breakout..i will enter EOD 3.25pm if the price trade above the blue line and after entry I will wait for my target or stoploss (D candle should close below the red line) in valid if direct not triggered and closed below red line.. Just a view educational purposes only
https://www.tradingview.com/x/HS5hV4SO/ The price of EURGBP will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair. ❤️ Please, support our work with like & comment! ❤️