GJ has been in this intraday range and we have now seen a breakout and retest we can aim for some sell trade... Read more

USDCAD is in bullish trend. Potentially printing HH and HL. NO divergence of trend reversal here. Trend is already bullish we buy at CMP.... Read more

https://www.tradingview.com/x/9ySzEmOa/ Naming this the E9 Eraser Pattern as it literally erases traders out the game... Impulse leg creates a peak with liquidity pool above the peak, this area (usually the wick area) is eaten into signalling to go short, as price moves in that direction price is sharply reversed after an internal structure break, trapping said short traders. As price breaks/pushes out of the prior Initial high, triggering buy stops / stop losses, once again we can expect price to sharply reverse. Ideally we will see an OVERWATCH candle signal print, signalling potential reversal pattern in play.... Read more

#GOLD sell we posted (trading portion) was SPOT ON (tee hee) Barring something out of ordinary AMEX:GLD is most likely not going bull, at least, until 2024. There's also possibility it could also consolidate for few years but that's a story for another day. The precious metal is likely headed towards 1800 area. The last chart shows all major support levels by the dashed green line. We will wait for reversals @ support levels.... Read more

https://www.tradingview.com/x/0lbkN64f/ HERE WE GO""'''... Read more

https://www.tradingview.com/x/OKJWk6V8/ HERE WE GO""""... Read more

Daily chart show us that the bears are still gong strong after breaking the channel support, now it focusing on reaching the next support level.... Read more

Hi everybody I think the best area to enter a short position on BTC and ETH is based on USDT.D bottom support line as i remarked that on chart therefore be patient i will keep you posted .....always remember dont chase the bullish move ,,,buy in fear sell into news ...... if you like booooost my posts ... Goooooood Luuuuuuuck... Read more

EURUSD will be in Short Trend and rejected from a Resistance Zone and start moving toward D Point. That expected a high chances of reversal... Read more

hello all My plan is to buy copper until the resistance level is reached. *I have no intention of using my trading approach as a signal. I'm practicing my trading strategies, learning about market dynamics, and figuring out the best way to enter the market in the right direction.... Read more

https://www.tradingview.com/x/8j42zFNO/ Fundamentally, Saudi Arabia and Russia have been supporting global oil prices by reducing production, which is also the main reason for the recent rise in crude oil. However, recent consecutive highs have been suppressed by short sellers, with two consecutive weekly dojis; and the daily high has been negative for two consecutive years. Last week we pointed out that the weekly cross line can be understood as a signal for bulls to turn short, and it can also be understood as a refueling signal for bulls, which needs to be verified by the market outlook. At present, the weekly line has closed another cross line. With double crosses, we tend to favor the short side. Similarly, regardless of the news, in terms of technical aspects, we tend to bearish adjustments on the weekly double cross near the trend line, with the mid-term key of 90 to 89.5 below; there... Read more

When a chart pattern fails, that's more important than the chart pattern itself. MTN fails failed to hold up the second wave. The Stock is likely to fall further to around the RR71.50 levels. Stop loss around R125... Read more

Testing of strategy Part 1 Entry 1834 SL 1840 TP 1815.50... Read more

Assessment: BEARISH WEDGE This technical analysis is powered by FIGO TRADER® - The pinnacle of trade NB: For best results, ENTRY should be executed at the breakout of chart pattern.... Read more

Hi traders Let's have a look at SMH. We can see that bearish divergences has been formed. Expecting a small bounce to the ressitance area shown on the chart (orange trendline) which would be an enty for short. Target for shorts: 123 $ stop loss: 163,48 $ Do you agree? Good luck... Read more

Although the market stayed flat on a week-on-week basis, the past five trading sessions showed all possibilities of the market continuing with its corrective retracement. In the previous technical note, it was categorically mentioned that India VIX had closed at a precariously low level, and that had left us vulnerable to profit-taking bouts. On Thursday, as the markets saw a strong profit-taking wave, VIX surged over 12% only to come down the other day. The trading range was narrower; the Nifty oscillated in the 274.55 points range before closing flat with a minor loss of 35.95 points...... Read more

During a New York speech, Fed Chairman Alan Greenspan, aka "The Maestro," uttered the phrase: "Irrational Exuberance." He was referring to the bullish action in the stock market at the time, which, in his mind, might have been ahead of reasonable expectations about the future of corporate earnings and the state of the economy.We are currently in one of those periods of irrational exuberance. Except this time, it's the bears in the stock and bond markets who are channeling Greenspan.And yes, I'm aware of the inflation figures and the market's consensus that we are in a period of...... Read more

The S&P 500 posted its worst month so far, with a 4.9% decline that's pushed the year-to-date returns for this benchmark index almost in half. With elevated interest rates that may be with us for a while, investors have pushed stocks lower, in a move that has over 10% of large-cap stocks well into oversold territory. We're talking about names such as McDonalds (MCD), Boeing (BA) and Blackrock (BLK), to name just a few.The current downtrend in the markets was signaled by a close below the 50-day moving average on heavy volume earlier this month, which was coupled by a move of the RSI...... Read more

In this episode of StockCharts TV's The MEM Edge, Mary Ellen reviews areas of the market that are bucking the downtrend pressure elsewhere, as those often go on to provide leadership once the markets turn. She also shares how to use ETFs to uncover rotation taking place beneath the surface.This video originally premiered September 29, 2023. Click on the above image to watch on our dedicated MEM Edge page on StockCharts TV, or click this link to watch on YouTube.New episodes of The MEM Edge premiere weekly on Fridays. You can view all previously...... Read more

In this edition of StockCharts TV's The Final Bar, Dave answers viewer questions about Tesla's potential trajectory towards the 200-day moving average and ways to normalize relative strength graphs using volatility measures. He also dives into his past trades' technical setup, shares tips for setting up intraday trading charts, and much more!This video originally premiered on September 29, 2023. Watch on our dedicated Final Bar page on StockCharts TV, or click this link to watch on YouTube.New episodes of The Final Bar premiere every weekday...... Read more

On this week's edition of StockCharts TV's StockCharts in Focus, Grayson talks all about ChartPacks -- the QUICKEST and EASIEST way to enhance your StockCharts account (old or new) in just one click! ChartPacks are pre-created collections of ChartLists that you can install right into your account; Grayson will be taking a special look at Dave Keller's Morning Routine chart pack and show us how to put Dave's charts right into your own account.This video originally premiered on September 29, 2023. Click on the above image to watch on our dedicated StockCharts in...... Read more

In this edition of the GoNoGo Charts show, Tyler and Alex walk through a top-down approach to the markets and see that there are plenty of reasons why equities are struggling. Treasury rates and the Dollar are in strong "Go" moves and breaking out. The trend was strong this week, as we see equities painting purple "NoGo" bars. What is worrying many investors is the idea that the large tech stocks are helping stem the "NoGo" tide; if they rollover as well, that could mean trouble. Charts of META, GOOGL, etc. are discussed.This video originally premiered on September 29, 2023. Click this...... Read more

The internals have all cycled to extreme low areas, which tells TG that being short would be risky -- just like being super long at the end of July was also risky. The pendulum has swung to the lows, and now, in this week's edition of Moxie Indicator Minutes, TG explains why you should start looking for strength if it presents itself.This video was originally broadcast on September 29, 2023. Click this link to watch on YouTube.New episodes of Moxie Indicator Minutes premiere weekly on Fridays. Archived episodes of the show are available at this link.... Read more

As Q3 and a dismal September end, some interesting dynamics are playing out in the stock market.You can blame higher interest rates for some of the disjuncture that's going on. The CBOE Volatility Index ($VIX) is relatively low, yet the percentage of stocks trading below their 50-, 100-, and 200-day moving averages is relatively low. Here's the market in a nutshell:The Dow Jones Industrial Average ($INDU) is trading below its 200-day moving average. The S&P 500 ($SPX) is trading below its 100-day moving average.The Nasdaq Composite ($COMPQ) is trading below its 100-day moving...... Read more

We do not want to walk down the political aisle. Nonetheless, what person can turn their heads away from the Sunday deadline on funding the government?The aftermath of a shutdown will most likely include a credit downgrade for the US. Do Americans need another reason to distrust the politicos?With a 90% consensus that the funding will not pass, the bounce we saw in equities last week could be short-lived.The Retail ETF XRT had a technically perfect mean reversion in momentum and a classic glass bottom reversal. Coming into Friday, 3 of our risk gauges said risk neutral. That gave us hope...... Read more