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Confluence

X marks the SPOT - LITECOIN hits a bullseye on its way outAn important moment for LITECOIN as it reaches FIB level 1.6, AND the possible top trend line AND crosses MACD. It's just ANDing all over the place! It's just hit a bullseye, and is ready to move. Looks like a little mini U dipping in and out from the line. Look for another strong candlestick and then go long onto the NEXT LEVEL BABY. Remember, if you were right and I was wrong... That makes you a better person.... Okay, I admitted it.. GEEZ
Long
by Ifyouonlyknew
USD/MXN Bulls: Tracking the Big Players. What is Next?This pair is now in a Downtrend Market. We are seeing two possible zones where Bulls may enter the market. If the Bulls fail to successfully defend the 20.20 Demand Area, then we expect the market to focus next on the 19.60 Demand Area. The 19.60 Demand Area is a fresh demand zone which has not been tested before. The Buy Zone is the Green Circle. We can use the Fibonacci Levels on the Chart for our Profit Target Levels. First Target TP is 19.97, Second Target TP is the 20.33 Area, and the Final Target TP is 20.58 Area. Supply and Demand all the Way!! Happy Easter, Traders!!
Long
by Benettel
Trend Reversal Confluences: Down to Up.BA is in a major uptrend. I'm taking the easy ones this time. If only that were my mindset all the time. Anyway this is a much more clear cut example than my first attempt with the downturn predict. This example, there is a lot more data to work with and it is easy to draw in control and channels. Maybe a good thing to learn from this is not to try to predict trend changes so early, but to use the signs as confirmation for a buy/sell entry as the trend is looking young and healthy.
NYSE:BAEducation
by emehoke
2
USDCAD: Shorts to 1.24000!4hr Time Frame: Reading price action we can see that we are on a long term down trend and a short term up trend that is looking like it is going to reverse. Price is testing a key psychological support and resistance zone in confluence with a rejection candle. If price holds below this zone, anticipate shorts down to 1.24000. However, if price breaks above, we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.
Short
by ChartAddicts
Technical Analysis, lets go short.TREND LINES: The establishment of the downward direction of prices is evident in the recent price chart. Paying attention to the upward trend line, it is obvious that from the moment it broken from the exchange rates, it did not maintain its limits because the prices did not return within it. The evolution of this fact is the development of a trend channel in which prices are falling. SUPPORT - RESISTANCE - FIBONACCI LEVELS: Observing the support and resistance levels as well as the Fibonacci levels, a lag in the downward dynamic of the last days is obvious, which nevertheless is expected. However, this development following the events creates an irritation in the market participants and gives the impression that the exchange rate is looking to find its way. The formation of the spinning top that was created in Friday's session may be a result of that nervousness. The most important part of the analysis is the sideways trend channel that has been created and the consequence with which the values follow the levels that have been created. In particular, the downtrend was stopped at exactly 61.8 FR at 1.1900 creating a strong psychological support level at this point as it was tested twice, and the prices failed to break it. Also, a strong resistance that has been tested twice and is still maintained is that of 1.1985 which coincides with 50.0FR. However, the secondary trend that has been created will give the necessary rest to the market participants. Also, from this study emerge some significant levels of resistance a) 1.2080, b) 1.2175 as well as support a) 1.1860, b) 1.1630 and c) 1.2000. TECHNICAL INDICATORS: The conclusion that emerges from the averages used to detect the direction of the trend, white and green averages, is the positive difference in their sign which indicates the beginning of the downward direction of prices. Another indication, apart from the support-resistance levels, for the lag of the downward dynamic is the path followed by the average which smoothes the price noise, yellow average, and as it seems the path followed through the bodies of the candles prevents the possibility of safe sell order. The deviation of the Bollinger Bands and in particular, the wide deviation of the lower band leaves enough room in the scenario for prices to fall to lower levels. An additional factor that currently needs time to develop is the momentum that the MACD has which is currently relatively small. PLACEMENT REQUIREMENTS: Summarizing the technical analysis, the most common scenario is that of placing a sell order. But there are three factors that must be fulfilled. First, breaking the support level of 61.8 FR at 1.1900, which is a very important psychological limit, is imperative. Second, the price must be below the yellow average, it acts as a short-term trend line. Third, the MACD must acquire a significant momentum, which also indicates the momentum of the trend, and lead faster to the required result.
Short
by UnknownUnicorn214400
EXY is at a critical turning point.EXY is at a critical turning point which will judge its course in the future. Looking at the data in the charts, it is obvious that the sellers are trying to lead the index to lower price levels. Starting from the analysis of the trend and its momentum, in the price chart on the left, there is a downtrend lately which has led to the break of the lower limits of the uptrend channel, creating two lower lows as well as two lower highs. Continuing the analysis with the averages, which follow the trend, it seems that a change in the direction followed by the prices is imminent. Specifically, the position of the green average, it is the one that indicates the type of the trend, and its attempt to go below the white average is an indication of an impending change in the direction of the price. Then the data from the MACD show a weak momentum, at the moment, which does not cease to be negative. Looking back at the chart, however, the MACD’s momentum was not as strong as now and the green average did not try to break the white in the previous attempt of the sellers to lead the EXY to lower levels. These data may lead to the conclusion that this may be the beginning of a downward trend in EUR Index prices. On the other hand, focusing on the data that arise from the analysis of support and resistance levels, there are some points of interest that need special attention to make any decision. At this point I should mention that some levels of Fibonacci Retracement and Expansion have been deliberately removed as well as several levels of support and resistance have been omitted to make the chart as clear as possible. In the findings of the analysis, it is obvious that the downward trend of prices stopped right at the confluence of the levels 100.0FE and 61.8FR as well as at the support level 119.00. Also, the fact that the fall was stopped at 61.8 FR, which is an important limit in the study of Fibonacci levels, testing it twice in recent times, it is concluded that the dynamics of sellers, at present, is not enough to push EXY to lower price levels than currently. Some very critical levels that are formed after the application of the Fibonacci tools as shown in the chart are the resistance levels 119.8 and 123.0 as well as the support levels 119.0 - 116.3 and 113.5. Considering the above findings, the conclusion is that the index is at a very important price level. A breakout of the 119.0 level could lead to a further drop to the 116.3 price level and then to 113.5. On the other hand, the possibility of prices breaking 119.8 may lead to higher price levels, initially up to 123.0, and in the end, the downward trend of the last period may be considered as a correction.
TVC:EXY
by UnknownUnicorn214400
2
GBPUSD: Longs to 1.417500!12hr Time Frame: Price is on a long-term uptrend and has broken above previous areas of resistance as new support. At the same time, we can see price is creating an inverted head and shoulders formation in confluence with long wicks pointing to the downside. If price holds above this zone, we can anticipate longs to 1.40000 and potentially 1.417500. However, if price breaks support, we must revaluate price action. Due to the uncertainty of market fluidity, risk management is recommended.
Long
by ChartAddicts
Minda Industries Bullish flag setup Hello tradingview army I'm back with another post , I hope everyone is doing good and taking care of themselves Today we are going to analyse the structure of Minda Industries a large cap stock from auto tech sector .In above chart we can see that this stock is trading in downward sloping channel from past 1 month, making structure of lower high and higher low currently 6th leg of LH-LL is in formation Minda is currently trading in stage 3/1 , with volume falling drastically while price is making lower low this is sign of accumulation .. if we look left to the chart we can clearly see that volumes were rising when price was making new high, so we can say that this entire structure is shakeout type structure where weak hands are getting exchanged with strong hands. This types of structure are very strong in nature when you confluence them with volume, demand and supply there probability of success increases so how do we trade this ? minda have strong demand zone and fibo zone which together we call confluence zone , so if we get any reversal sign at this level we can execute long trade here, reversal signs like bullish engulfing, bullish pin bar, rejection from demand zone .if you are low risk high reward trader then you can execute this method now let's talk about how breakout trader can execute this trade wait for stock to move above hourly supply zone with HH-HL structure you can buy at breakout or wait for price to pullback near breakout level after breaking it. so that all from my side , we will meet in next post till then good bye and take care 😇 NOTE :- Investing and trading in financial market is risky ,I'm not liable for any of your losses.
MLong
by divineswaroopa