RBC CONSOLIDATION MOVEMENT Updated from my Previous Update:
Consolidation and now Movement probable for the coinflip. The only moments I care about. Time to place your bets. I would think up but who knows.
Flip
GME CONSOLIDATION MOVEMENT COINFLIPGME CONSOLIDATION MOVEMENT COINFLIP
Another movement after consolidation. I would hope up but who knows. Regardless time to play your bet before it goes.
PLTR Flip TimeAnother up or down opportunity. I would think up but what do I know. PLTR is considered kinda meme by a good long term hold potenitally but when I say long term I mean like +5 years but I do believe we are seeing a good buy opportunity for short term plays
BTC can flip soonHi all,
If BTC RSI recover and close above the 30% while RSI SMA remain above 30%, we probably gonna see flip and new ATH in March 2022.
Good luck every body.
ETH again btcWhere is the flip that I hear everywhere ?
I'm waiting. In while... It could to drop 50%
JICPT| Tesla daily gap-up long setup worked very well! Hello everyone. The idea I published on Nov.12th regarding the gap long setup worked very well for Tesla. You can refer to the linked idea below for more details. Setups like this needs patience. It touched the zone 3 day ago.
The next pressure zone for the stock is around $1075 where key fib and supply zone sit.
Just stick to your plan and focus on the process. Money will come to your pocket.
Give me a like if you're with me.
JICPT| Copper likely to rebound from 11% drop(Range measure)Hello everyone. Copper got my attention of looking for potential long opportunity after dropping by 11% . The reason is as below:
1. Economic recovery(Macro)
2. Price fell from top of range numbered 4 to retest bottom of range numbered 2.
3. solid demand zone with flip structure.
The issue is the red downtrend line. If copper can take that line out, it's likely to challenge previous high.
What do you think? Give a like if you're with me.
JICPT| Tesla daily gap-up long setup around zone of 890-910Hello everyone. Tesla has been up by more than 120% since May. The news that Elon Musk sold partial shares triggered the recent sell-off . Price has dropped by nearly $200.
So, put aside the fundamental part, what's next?
Technically, the gap formed on the daily as well as weekly made me excited. On top of that, we got a small base candle which looks a pretty good demand zone.
In addition, It happens to be around the flip and mid-term MA . The confluence bullish setup looks attractive for me.
What do you think? Give me a like if you're with me.
TSLA flipped resistance
A month ago I published this idea about TSLA flipping resistance into support, and having earnings that we're expected positiv. I can safely say that this trade went exactly like planned, just really quick :D
If any of you are still in, remember to take profits! TSLA is in price discovery, which is really bullish, but what comes up also comes down. And the quicker it comes up usually means it'll come quicker down before the next leg up
JICPT|EURUSD bearish supply zone setup on DailyHello everyone. According the linked idea below, EURUSD has chosen to take out the bottom (route 2) as expected by approximately 150bps .
Today, it retested the zone which is the combination of flip & drop-base-drop supply zone , plus 61.8% fib retracement .
I think it's a nice pullback short setup . If the zone holds, the pair could go as low as 1.1441 by measured move(ab=cd pattern)
What do you think? Give me a like if you're with me.
GBP/AUD: divergences RSI and Price ActionGBP/AUD it's showing us in H4 timeframe a bullish divergences in the RSI and price action. We look that the price action made lower low and RSI made lower high. So, investor want to take this par to the yellow flip that I show here in this screenshot.
www.tradingview.com
So, I just put a small long position in GBP/AUD. This it's a good profit of 95. With the loss of 40 pips.
Details:
1. Trade Posiiton: Long Posiiton
2. Entry Price: $1.8535 AUD
{b]3. Target Profit: . $1.8629 AUD (95 pips)
$1.8493 AUD (40 pips)
JICPT| NQ looking for rebound with job data coming out soon! Hello everyone. Markets are pretty bumpy those days amid potential escalated trade tensions between US and China, and approaching US debt ceiling deadline on Oct. 18th. The VIX has surged in the past few days as below.
Let's have a look at my favorite line chart of NQ, Gold and US 10Y yield. Now, the US 10Y yield is around 1.5% As we know, the higher the yield, the more pressure the tech heavy index faces . It's a bit negative on the line chart.
On the news side, we will have the ADP and NFP data tomorrow and Friday respectively. The stronger job data will make Fed to kick off taper sooner, say in Nov. Last time, NQ didn't react too much on the taper. So, it's neutral .
On the technical side, let's analyze weekly and daily charts.
Weekly: Strong weekly demand zone is drawn on the chart. The current level is 500 points away.
Daily: By apply the range measure tactics, we can see price has come to a strong reversal level with long MA being around as well.
In my opinion, the current level is a sweet spot for rebound. You can have a quick short swing trade setup. If price can fall into the weekly demand zone, that couldn't be better for bullish buyers to jump in.
What do you think? Give a like if you're with me.
JICPT| BTC rebounding from strong holder zone as expected! Hello everyone. Yesterday, I published an idea titled 'Global market rattled by Evergrande's crisis', which I marked a strong holder zone around $40000 on BTC with long-term MA and flip structure . You can check the linked idea below for more information.
I was right about the zone which did serve as a strong holder. I can see price went deeply into the zone and rebounded from $40000 key level(whole number effects). The coming Thursday will be another important day as Evergrande will be required to pay back interest on its bond. The default is likely according to S&P and it might trigger another sell-off of the global risky assets. Personally, though, I don't think there is much room to go down for Bitcoin .
Please trade safe and mange your position well.
JICPT| Shanghai Composite Index correction may be over! Hello everyone. Shanghai Composite index fell from previous high level of 3730 yesterday. How will the index move?
On the fundamental side, three key figures, Retail Sales y/y, Fixed Asset Investment ytd/y and Industrial Production y/y are all below the estimation. That triggered sell-off around 10 am in the early trading session.
On the technical side, the index is coming closer to 3630 where the flip and short-term MA sit. So, buyers may jump in and push the price up to retest the key level of 3730 again.
Why 3730 matters? That was the level created on the first day after Chinese New year. Since then, there was a over 10% correction for the broad index. If the level can be firmly taken over, the room to the upside will be open. But it won't be that easy, I guess two or three tries at least.
What do you think? Give me a like if you're with me. Thank you for your support.
JICPT| Calendar effect & staircase formation weight on Nasdaq! Hello everyone. Nasdaq has been a bit weak for the past 7 days. What might it go in the short term?
Historically, September has been a down month for the markets, which have seen an average decline of 0.56% in the month since 1945, according to CFRA(I copied this from CNBC).
On the daily chart, I observed that there was no impulsive candle after the rectangle range was being conquered. Instead, 4-5 small basing candles were formed before a series of bearish candles.
Look at the formation of the bearish candles, those are what I called staircase. Normally, I would go away if I'm looking for bullish setups. The correction is not over yet.
The flip & the bottom of the range(15180) may give the price a bit support. I've set a alert for the arrival.
Give me a like if you're with my view. Thank you for your support.
JICPT|BTC hit with bearish structure with holders below! Hello BTC traders. It's been days since I posted my view of BTC. After bouncing from around 30K by 71%, BTC hit with a strong bearish structure (flip, drop-base-drop supply zone).
Price tested the uptrend line with more holders below, e.g. MA, 50% fib, flip.
So, uptrend may serve as a firm holder to push the price higher for the 2nd try of the bearish structure. If the uptrend line fails, the below yellow zone marked will be considered as a 'ground floor' for the bullish buyers.
In one word, it's simply buy the dip. What do you think?
Give me a like if you're with me.
JICPT| Chinese tech stocks rally with trouble zones ahead!Hello everyone. After days of bleeding, finally Chinese stocks started a rally today after being hit by tightened regulation in China.
To map out the possible future move, I put Hang Seng index and the big familiar tech names, e.g. Tencent, BABA and Meituan on the same chart. The analysis is carried out on the daily timeframe.
Hang Seng Index: Lower low created with a bit uncertainty because price closed above previous low. That's good for buyers. However, the overall trend is definitely down. The broad market index needs to break the downtrend line first to establish bullish trend.
Tencent: Please check my linked related ideas below. I clearly pointed out the key level of HKD 421 and HKD 394. Now, HKD 421 has been respected well. The nearest trouble zone is HKD 490 .
BABA: the duo listing stock has rebounded from fresh low. The wedge pattern suggested selling pressure around HKD 174-177.
Meituan: The stock surged by over 13% today, however, the rider protection will weigh on its profit. I've read an article, claiming that the employment costs will burn out the cash. The business model will not be sustainable. It's a headache for the government as well. You wanna keep jobs or kill the company? The trouble zone is marked in yellow colour around 234-242.
In one word, we still need more time to see how price react to the trouble zones ahead. That's why my strategy is neutral.
Give me a like you're with me.
JICPT| Tencent bouncing from previous low with better earning!Hello everyone. The reported earning today is way better than the estimated number. However, I noted a gap down at the opening with previous low sitting around HKD 421.
Basically, the continuation of the crackdown on the tech companies worried investors. Today's upper wick candle suggested selling pressure.
The nearest support level is previous low of HKD 421. What's the next key support level if 421 is violated?
On the Monthly chart, HKD 394 is identified as a confluence supporting level with flip, mid-term MA and uptrend line .
Don't use up all your bullets if price drops to the level. We all know that emotion may push the price further down. But, in my opinion, HKD 394 is really a reasonable & cheap price for Tencent. I'd like to hold it for 2-3 years.
What do you think?
Give me a like if you're with me.
JICPT| less than expected CPI drives gold higher!Hello everyone. The newly released US core CPI m/m is 0.3%, less than the expected figure of 0.4% and also well below June's 0.9%.
CPI is another key economic data that Fed keeps a close eye on. When the number goes too high, fed tends to raise interest rate to combat inflation. Today's data eased investors' concern a bit. Fed may not rush to raise the target rate.
The news drove gold price higher as I mentioned in my previous post regarding the relation between treasury yield and gold price.
On the chart, the 1750 might be conquered before challenging the next key zone of 1780 . To reduce the risk, let the market tell us what to do for the bullish setup:
1. Price closed firmly above 1750
2. looking for pullback opportunities on 60m or 240m chart.
3. Target is 1780 and don't forget to trail your stops.
That's my brief trading plan.
BTC SHIFT TO BULLISH BIAS TO BE CONFIRMED ON NEXT LEG UP TO $51kUpdate on my previous idea - see Link to Related Ideas below.
As predicted BTC has had a strong impulsive upward move to $42k region followed by a healthy retracement which did break market structure which posed some concern.
However (1) restrained selling volume together with the (2) extreme steepness of the impulsive moves upward trend line and (3) the RSI showing evidence of a resistance / support flip bet much diminishes this concern. A new local low seems to be in place and we can now expect the next upward movement to commence.
Next Targeted Price Level approximately $51,000 .
Have fun ladies & gentlemen and enjoy the ride...
philtime
(NB: THE BEST LOSER WINS - MANAGE YOUR RISK AND ALWAYS MAKE CAPITAL PRESERVATION YOUR PRIORITY OVER AND ABOVE PROFITS)
JICPT| Tesla conquered battle zone with much room ahead! Hello everyone. After days of consolidation, finally Tesla conquered the battle zone of 690-700, heading to the next target! How to make the guess of the next target?
Using the measured move tactic, the previous range is approximately $70. So, adding up $70, the next target is $780 which happens to be recent pivot high.
So my plan is buy the dip and hold it till the next target of $780. What do you you think?
Give me a like if you're with me.
JICPT| Daily bullish setup of Gold(1790-1783)Hello traders, I just identified a bullish setup on the daily chart after a long day of work. The logic behind is quite simple:
1. Flip
2. Fib(50%-61.8% with entry and stop)
3. rally-base-rally demand zone
Give me a like if you're with this simple setup.
Trade safe and stay safe!
JICPT| Bullish setup of Gold on 4H(1804-1812)_with triggerHello everyone. The bullish setup of gold is mainly based on momentum on 4H.
I listed the reasons to long on the chart for reference:
1.Uptrend line
2.MA crossover
3.Demand zone
4.Flip
The target is around 1860 which I chose to be in line with the daily chart structure. In my opinion, the selling pressure is high.
In addition, the entry zone is 8 dollars. If you want to lower the risk and increase your profit margin. You can set alarm and triggers by placing market order based on the 15m candle formation.
Give me a like if you're with me!
Stay safe and trade safe.
