Chart Patterns
Master AccumulationWyckoff Spring: This setup is like the stock market's own version of a magic trick. It's when the stock price dips into a "zone of support" (the lower purple area) and then springs back up, suggesting that the price might be about to take off. It's the financial equivalent of watching a diving board bend before someone launches themselves into the air.
The Phases:
Wyckoff Phase A (Preliminary Supply): Here, the stock is like a balloon being filled with air, showing initial resistance before it pops into action. This is where accumulation starts.
Wyckoff Phase B (Secondary Test): This phase is like the balloon being squeezed and released repeatedly to see how much pressure it can take. The stock tests the waters, going back to the support and resistance zones.
Wyckoff Phase C (Spring): The critical moment, like when the balloon almost touches the ground but doesn't pop. The stock dips into the support zone but then springs back, indicating a potential upward move.
Wyckoff Phase D (Upward Movement): Finally, like a balloon released into the sky, the stock price starts to ascend, signaling it's time for the bulls to take over.
Zones of Support and Resistance: These are like the invisible walls that the stock price bounces off. The "Zone of Support" (bottom purple area) is where sellers might hesitate, and the "Zone of Resistance" (top purple area) is where buyers might pause.
The Five Points on the Chart: Each numbered point represents key moments in the Wyckoff setup, from the initial dip, tests, the spring, and the eventual break upwards. It's like marking the chapters in an epic saga of price movements.
The Trend: After the spring, if the stock breaks through the resistance, it's like the hero overcoming the final obstacle, signaling a new trend might be starting.
In essence, this chart is like watching a financial ballet, where each move is calculated, each step deliberate, aiming towards a grand finale of price movement. For traders, recognizing these patterns is like having a backstage pass to the market's next big act. Remember, in the stock market, as in life, the spring is the thing that precedes the leap!
USDJPY Technical Analysis! SELL!
My dear friends,
USDJPY looks like it will make a good move, and here are the details:
The market is trading on 152.63 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 151.14
Recommended Stop Loss - 153.49
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
$GOAT to $1AI Agents could be the next big Web3 narrative
The new meta driving the market in 2025.
Technical Outlook:
After a 65% price decline, GOAT's trading volume is picking up at the current level.
If price can hold above 0.50, a retest of 0.64 seems likely in the short term.
However, a revisit to 0.50 is expected before targeting the internal liquidity near 0.80 region. Then probably we consolidate for a while before we hit $1.
Bullish bounce?CAD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 105.77
1st Support: 104.88
1st Resistance: 108.47
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USDJPY - 4hrs ( Buy Trade Target Range 350 PIP ) Pair Name :USD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Long )
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Bullish Break
150.850 Area
Reasons
- Major Turn level
- Visible range Hvn
- Reversal Fibo Golden
- CHoch Zone
- Liquidity Grap Area
Bearish Reversal
155.000 Area
reasons
- Pattern Retest
- Visible Range hvn
- Week / Day high Break
- Choch Zone
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Why I see US 30 more bearish currently!!Hello guys,
** Today all had great bullish effect apart from that index.
** The index already slipped down a strong uptrend and retraced to and then went down from it (the long purple line)
** The index should go above the light purple downtrend line above 44340 (my Fib level too) to break that bearish wave and go up, but till now it can not! once it will close a 4h candle on, will turn the index to bullish
** There is still in yellow rectangle so strong support area where the last big bullish wave started from and I see that the index intends to revisit that area again at 43810 to gain back the buying power.
My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.
I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
Nuls Ultra-Bullish (600% - 852% Bullish Growth Potential)NULSBTC hit a new All-Time Low (ATL) recently. Recovering above its May 2022 low is a major bullish development —black line on the chart. The action is now full-green again.
The type of action that is happening now, full green after a major bullish breakout, is ultra-bullish... Let's see what potential this pair has to offer.
We have: Strong growth, high buy volume after a new ATL, and almost three years of a bear-market; we can say NULSBTC is entering a new bull-market phase.
This means higher highs and higher lows long-term.
Long-term here is tricky because the bullish cycle for these pairs can last between 3-6 months, just as it can last 12 months or more. This is explained in a different trade-idea.
👉 Based on this chart, we have targets ready for 359%, 600% and 852% within months.
This is an easy win. Buy and hold.
Namaste.
ADA/USDT 1H AnalysisADA/USDT 1H Analysis: Bullish Momentum in Play
On the 1-hour time frame, ADA has just broken out of a bullish pennant pattern, and the price is moving upward. However, there are key levels to monitor if you're holding a long position:
Black line: This level represents the Daily Point of Control (POC) and the Weekly Open, making it a critical area to watch for potential resistance.
Pink resistance zone: A significant resistance level where price action may slow or reverse.
If you're currently long, exercise caution as the price approaches these levels. Confirmation of a breakout beyond these zones could signal further upside potential.
Let me know your thoughts and feel free to share your feedback! 👍
SPX 6086 - VIX and Put/Call Ratio : the market combines it all.How to read the Chart?
SPX in main picture an below - with own scales- you find the Put/Call Ratio and and bottom the VIX.
Put/call Ratio tells us, how much euphoric is in the market. Values below 0.65 , market is bullish.
VIX tells us, how much volatilty is in the market. Values below 13 tells us normally, that market is prepared for larger or bigger movements. Values also important, for calculate price of warrants etc. Low VIX cheaper prices for warrants.
So: in the chart now you can see several time stamps with green marks on price SPX, VIX and P/C Ratio.
The meaning of this all: high coincidence with low values in VIX and P/C Ratio will high indicator for downward moves. The deeper values on VIX and P/C Ratio, the stronger the downward move.
Dan, 11th dec 2024
NVDA Descending ChannelThe inverse H&S on NVDA didn't really play out. Never reclaimed $140 for more than a few minutes. Overall semis have been relatively weak this week. Still waiting for the bulls to step in on this thing as they usually do on all drops.
Might not be in the cards this time, but the market conditions support a recovery and if it can manage to breakout of this channel and reclaim $140 it has a lot of potential for another run to ATH. Downside target is still around $131.50 if it can't reclaim $140.
Dogecoin to do stop-hunt and bounce back near to ATH levelBased on the current level consolidations followed by breakout, it pulled lot of new investors hoping that it will give a dream bull-run to become rick quickly. Though the bull-run is inevitable, the market will definitely shakeout this new investors by doing a stop-hunt before it continue on its uptread is very likely! There is a double-bottom below which whales can hunt SLs before moving up further.
Binance Coin Long Setup Setting / Next Alt-Season BasketBINANCE:BNBUSDT
OKX:BNBUSDT
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
Considering the price trend in its previous channel, by repeating the stabilization of the price at the bottom of the second parallel channel, it can be expected that the price will continue to move up to the top of the new channel.
The price breaking above the specified level can increase the certainty of the realization of the price target.
The price falling below the red level cancels the bullish scenario of Binance Coin.
Potential price targets for the levels will be $950 and $1,447.
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
950
1447
2340
3515
🔴SL:
252
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
SPX500 H4 | Falling to pullback supportSPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 6,020.01 which is a pullback support.
Stop loss is at 5,950.00 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at 6,102.21 which is a swing-high resistance.
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DOW JONES: Neutral 1D means buy opportunity.Dow Jones is neutral on its 1D technical outlook (RSI = 53.536, MACD = 330.150, ADX = 20.923) as it is on the bearish wave of the 4H Channel Up, towards the 4H MA200, which on November 19th priced the last HL. The 4H RSI got oversold and rebounded today above its MA period, which twice before has been a buy signal. We are going long here, aiming at the 1.382 Fibonacci extension (TP = 45,400).
See how our prior idea has worked out:
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