BIOCONHello and welcome to this analysis
BIOCON which has been in a downtrend for a very long time now has given a mega reversal signal via an ABANDONED BABY BOTTOM
Abandoned Baby Bottom reversal are similar to Island Reversals, where the isolated candle is formed with a gap down preceding it and a gap up succeeding it.
This could now rally till 320-340 where it meets falling trend line resistance. The structure would be considered wrong if it breaks 298
Ichimoku_trader
SPX500USD new lows? Evening folks. Ive been looking at these charts for a few weeks now and it looks like we are setting up to hit previous lows or possible new lows. As you can see we have bounced of the resistance trend line which seems to be a pretty strong resistance.
We've had price break below the cloud which is part of my ichimoku strategy. What im waiting for are the red cloud to appear and the lagging span to break the cloud and we have a trade on our hands.
You can also see we have long wicks above the bodies of the previous daily candles which suggests that the buyers are losing control and bears are gaining strength.
I think we could see prices reach 3650 or break just below it, have a small reversal then head lower to perhaps 3500 area.
Its been a pretty volatile market though so trade safe and trade smart.
cheers
shaun
💡Don't miss the great Sell opportunity in XAUUSDHi Dears
The monthly and weekly trend of gold tells us that we are currently in a downward trend. In the 4-hour chart, we have a big resistance that gold has not been able to break, so we expect it to continue falling. I calculated the gold target from the monthly trend line, which of course is confirmed by the 1.13 Fibonacci area.
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💡Don't miss the great BUY opportunity in BTCUSD!Hi dears
I think Bitcoin still has the ability to grow, and for now it has to be traded. There is a rising trend line that each time Bitcoin reacted to it, so I put the loss limit under the previous valley of that process.
Be sure to comment on my analysis and support me with my likes.
EUR/GBP Ichimoku Cloud AnalysisNOT A FINANCIAL ADVICE, FOR EDUCATIONAL PURPOSES ONLY
Short positions below 0.84250 with targets at 0.83600 & 0.82500 in extension. Pivot: 0.84250
Comments: Chikou breakout, Tenkan sen kijun sen crossover, Tenkan and kijun pointing down, Kumo cloud twist, trendline break.
BA Ichimoku Cloud AnalysisNot a financial advice, for educational purposes only!
Bullish sentiment above 153.00.
Lesson: When using Ichimoku Cloud, it is important to look where is the chikou span. In this case, it is currently sitting inside the cloud so no trades. To avoid fake setups, the chikou span is your friend. It is also good as s/r tool!
comments: EARNINGS COMING in 27 JULY 22. Estimated -0.13. Awaiting for the further details.
So far my outlook for Eur/Gbp is still going down.I would shift the current position of the SL at the break-even point. So far my outlook for Eur/Gbp is still going down.
I'm just trying to reduce the potential loss if there is an extreme movement that can change the direction of the market. It is better to secure funds by moving at the break-even point.
There are significant changes to Gbp/Aud today.There are significant changes to Gbp/Aud today. if yesterday's analysis showed that there was an indication that the price was at strong support, the added kumo cloud indicated an indication of increased buying volume, but today the kumo cloud indicates a significant selling movement and the price is possible to break through the support (blue box area) we will wait until the end of today to see the end of the candle whether it can go through support.
TenkenSen Sideway Strategyin Sideways if price reach Previous Tenkensen High or Low and Tenkensen it self Didnt reach there you can buy or sell to previous High or Low!!!
in Other Word if Price touch previous high and tenkensen not You can sell until price hit last low and contrary if price reach the last low and tenkensen not you can buy until last high in market
Enjoy it 100%
Ichimoko Cloud Breakout StrategyWe Must Pullback to Komu After Breaking Span B you can trade It.
you must wait for signal from lowwer timeframes and if you find any reason for reverse you can trade it to span B and After That if you find Any Reason to back to trend you can enter in direction of trend and so on. but you must pay attention to pullbacks no early enter before you get expert in this method lower timeframes confirmation needed.
its suitable to 15 timeframe and up. :D
100 % If practice is not forgotten
Any Chart you Want you can use
descending triangle US30 Evening traders. As you can see we have which looks like a descending triangle pattern on the hourly chart. We have multiple touches on the resistance line and currently moving downwards back to support.
We have also had multiple touches and breaks below the 0.382 fibonacci line.
What does this all mean? Well if we can get a close below 0.382 and stay below that level then we could possibly see another drop in the market to 32500 or perhaps even further.
If you agree or have another opinion then let me know down below
cheers
shaun
More downside for the NASDAQWhats happening traders. So as some of you know i use the ichimoku cloud trading strategy, and 3 of the alerts and signals have just triggered. Signals being the red cloud, base line and conversion line crossover and the lagging span has breached to the underside of the cloud. If we dont get a bullish rally this week and the lagging span remains under the cloud for the week then we could see price dropping down towards 1100 and 10300 which in my opinion seem to be the next resistance areas.
Keep in mind we have had 7 weeks of red so we could potentially see and upwards rally.
Keep an eye on this.
cheers.