The direction and the target remains the same, just like what we said in our analysis yesterday https://www.tradingview.com/chart/EURUSD/aKTepELD-Two-scenarios-for-rise-on-EURUSD/ If you have an entry, then you're waiting for price to reach 1,1950. If you don't yet have a position, then you could be watching out for price action around the London open. There is a chance that we could see another push down to 1,1840 before price actually goes to our target. This will be an even better entry opportunity. This way we will actually have a better risk to reward ratio. That's why we will be looking for price to go down to our support zone and possibly give us a reversal candlestick formation. *We won't be opening positions if price makes a downside impulse and it closes below the zone. Follow how this situation will develop in our daily analysis! Support us by follow, like and leave a comment!... Read more

Hello traders! When the market was in range so we did the same thing. We calculated the cycles to make our calculations. This is the same method as the previous one. The 1 is the Peak price and 1.1 is the first retracement then 1.2 is the failed breakout of 1+1.1 trendline and 1.3 is the failed breakout of 1+1.2 trendline. It looks like BTC has completed 1.3 wave and we will see a strong pump soon which will be the breakout of 1+1.3 Trendline. It will be the final rise before another drop. I will update the chart after it completes the 1.4 wave. Hit the follow button to stay connected and don't forget to like my ideas.... Read more

Looking for a nice pullback for EU into that doji to look for a continuation up. Have my buy limit set and about to head to bed. Will see how it goes when I wakeup. Remember to trade responsibly! Should be a smooth 3R.... Read more

If I see any trading setups at the grey colored lines, I will start buying... Dash lines are the strongest Dot lines are great Normal lines are okay... Read more

EURJPY SELL In the daily timeframe is bearish. In 4h I am expecting continuation to the downside.... Read more

CADCHF completes harmonic, and we could see price rise upto target area, with good risk reward.... Read more

Bear trap xrp is a sell. Switching over to 1 Day Chart. The Wizard of Realms 13... Read more

Please visit guiatraders org It’s never too soon to start thinking about your financial future. We work with our clients to help them better understand what options are available, and advise them on the best investment decisions to make. Together we’ll set, achieve, and exceed all of your financial goals.... Read more

Ethereum has shown use a Diamond Reversal pattern alongside a bearish rising wedge. ETH is likely to come down and test the 4hr 200MA as support. Paying attention to this is important as it will be a key indicator of future price action. Support ~2170/2000/1700 Resistance ~2450/2700/2900... Read more

TV wants a long explanation, but the chart speaks for itself. Mix w reopening/media asset growth.... Read more

Copper has completed a Gartley harmonic, and we could see a move up to the designated target zone.... Read more

Bajaj finance has given double breakout, one on daily basis and other on hourly basis, both breakouts are having good intensity of volume, as per wave structure it looks like 3rd of 3rd. all the indicators parameters are also aligned with positive situation, one can go long at these levels or in dips with key levels mentioned on chart Key Levels are Mentioned on chart https://www.tradingview.com/x/qJl4N7ya Breakout with Good intensity of Volume in daily https://www.tradingview.com/x/vrdW3lFh Breakout with Good intensity of Volume in hourly https://www.tradingview.com/x/x7N8vyZz Macd in daily positive crossover and Uptick https://www.tradingview.com/x/vppZ88Le Macd in hourly positive crossover and Uptick and also above zero line https://www.tradingview.com/x/r4Ewkvso Rsi in daily above 60 uptick https://www.tradingview.com/x/IhwOXD6b Rsi in hourly near 60 https://www.tradingview.com/x/jsUYBDF6 Dmi adx positive ungali setup in daily time frame https://www.tradingview.com/x/KdYnnI3k Dmi adx positive ungali setup in hourly time frame https://www.tradingview.com/x/wzSTj7tt Upper Bollinger Challenged in hourly https://www.tradingview.com/x/IAiNSfAc Disclaimer I am not sebi registered... Read more

Nice 7 month base with contraction patterns moving through the pivot on volume. As usual I don't own enough of the right stocks. posting for my own post review. Not buyable here imo.... Read more

Backup and get ready for Phase E Entry on LPS stop loss below the last low... Read more

Its clearly obvious now that were living in a simulation. We make money on the internet and everything is energy... choose yours... Read more

China has been in the news often as many of the Chinese companies are experiencing a crack down by the government on the "private" sector. We, of course know that there really isn't a "private" sector in China as the government controls all. This has been a wake-up call for many investors who were holding many of these China-based companies. How damaging has the government been to the Chinese market? The global markets chart below (available to subscribers) shows the continued long-term rising trends on all markets with the exception of China (FXI). Continue reading "The Decimation of China's Market" »... Read more

For the past week, the major indices have been very choppy. Without clear direction in the indices, volatility has increased making price swings faster and, thus, tougher to time. However, times like this prove how important risk management is and, if done correctly, can help preserve trader's capital. With that said, let's go over a simple example of how to manage risk based on a set amount of trading capital. First, you must know how much money you are trading with. For this example, we will use $10,000. Next, we need to find how much we are willing to risk on any given trade. A good...... Read more

After slowly rolling over while inside the improving quadrant, the tail on XLV (Health Care) picked up again at the start of this week and is now moving into the leading quadrant.This move follows the recent rotation on the daily RRG which started out in the leading quadrant, rolled over, and had a very short stint through weakening, and then rapidly returned back into the leading quadrant at a strong RRG-Heading.This brings the weekly and the daily tails back in sync while the sector is the strongest in terms of RS-Ratio on the daily time frame.Inside HealthcareBreaking down the...... Read more

In this episode of DecisionPoint, Erin, flying solo, gives her unique insight into current market conditions and indicators. Short-term, the SPY is suspect. See why! She then brings in three stocks from the free DecisionPoint Trading Room (sign up on the decisionpoint.com homepage) that she believes are "Diamond" material. She explores possible entries for these stocks and finishes with her "Diamond of the Week" from the Automobiles space. You might recognize this name that is shaping up for a great move back up to all-time highs.This video was originally recorded on August 2nd, 2021...... Read more

The small-cap Russell 2000 index (IWM) cannot make up its mind. For the past three trading days, IWM has not been able to clear a pivotal resistance area created from the 50-day moving average at $225. Other key sectors, including Transportation (IYT) and Retail (XRT), have also been under pressure and, like IWM, are struggling to hold their current price levels. With that said, there is one sector that could be taking the lead after months of choppy price action.The outlying sector is semiconductors (SMH), which has taken the lead to new all-time highs. Initially, semiconductor companies...... Read more

Despite some sloppy trading action and some sluggishness in the market's breadth, there may be some good news developing in the options market, which could bode well for stocks in the not-too-distant future (barring some sort of unpleasant surprise).Of course, at the end of the day, the most influential variable is what the Federal Reserve does to its QE protocol. And, for now until proven otherwise, the Fed is not likely to stop or reduce QE. This is especially true given the negative effect on the stock market that the central bank's quiet reverse repo (RRP) operations and a weakening of...... Read more

It was one more consolidating week for the Indian equity markets, as the NIFTY continued to consolidate over the past five days. Despite a couple of attempts, it failed to clear the important resistance zone of 15900-15950 and suffered violent profit-taking twice from those levels. On the short-term daily charts, it has kept its head above crucial closing supports; however, on the weekly chart, it looks evidently weaker. The trading range remained a bit wider; the index oscillated 379 points during the week but did not make any major directional call. The headline index ended with a net...... Read more

Over the past couple of weeks, over 50% of the companies in the S&P 500 have reported results for Q2 2021. Of those, 88% have reported EPS results above estimates. This is well above the average over the past five years.The markets are all about future growth, however, and the good news is analysts are upgrading their EPS estimates for Q3 by an average of 3.6%. This marks the third largest increase in EPS estimates during the first month of a quarter in eleven years. (source: Factset Research)Even better news, many of those companies that reported strong 2nd quarter earnings and also...... Read more

Markets in healthy uptrends, with improving bullish characteristics, see price breakouts follow through to further upside. Stocks like AAPL and AMZN and PYPL and others break above previous resistance levels and continue to push onward and ever upward.Except that was not the upside follow through scenario that the markets provided this week, was it?Earlier this week, I had the pleasure of hosting our latest episode of The Pitch, featuring top ideas from Mark Newton, CMT, Jeff Huge, CMT and Greg Schnell, CMT. They each had the opportunity to highlight five stock ideas and defend their...... Read more

This week on StockCharts TV's The MEM Edge, Mary Ellen reviews last week's market dynamics and uncovers what's supporting the continued uptrend in the broader markets. She also shares how to capitalize on the strength in 2nd-quarter GDP.This video was originally broadcast on July 30th, 2021. Click on the above image to watch on our dedicated MEM Edge page on StockCharts TV, or click this link to watch on YouTube. You can also watch on our on-demand website, StockChartsTV.com, using this link.New episodes of The MEM Edge air Fridays at...... Read more