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US500 - Two Possible Scenarios!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. US500 is overall bearish trading inside the brown falling broadening wedge, however, it is now sitting around a support zone 3550 - 3600 so we will be looking for short-term buy setups on lower timeframes. If the 3550 - 3600 is broken downward, then the next support would become 3300 - 3400 in blue. 3300 - 3400 is the strongest support on this chart as it is the intersecting with the lower brown trendlines. (acting as non-horizontal support) As per my trading style: Since US500 is around the green support, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) and if the green zone is broken downward, I will be looking for buy setups around the blue zone. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
U
by TheSignalyst
8
Near Buy Setup Model Pair : Near/USDT (Binance, FTX,Kucoin) Direction : LONG --------------------- Position Size: 5-10% Leverage :1-3x Trade Type : Standard Trade --------------------- Near is lying on strong daily support and bearish momentum shows weak in price movement, Mid term move started for this VIP beast ,which has gained short term momentum and is getting ready to reach our mid term targets. ---------------------- ENTRY:2.93-3.55 (OTE:3.26) Targets: 3.65$-3.80$-4$-4.35$-4.80$ Stop Loss:2.52 Risk: Medium ----------------------- Yours Truly, Trader Needs 10.2.2022
Long
by Trader_Needs
1
Boring Stock, Getting Close to a Potential Long-Term BreakoutWaiting for a monthly close above the 8-year downtrend line to get in. The chart is pretty messy but many other signals are converging around that area (200-month EMA, 50-month EMA, .382 Fib). Price had a false breakout early in the downtrend based on the trendline I drew but I drew it where it is because it had many hits along this line. If price breaks out here I think it's significant because it would also be breaking above the 200-month EMA after dipping below temporarily (which it hadn't done for a really long time). I'm waiting for a monthly close above the 200-month EMA to start a position, and will plan on adding more if it can get about the 50-month EMA. I don't have a stop loss, this is a long-term buy and hold and collect the dividends if it can breakout. If it has a false breakout and goes down, I'll just buy up more at certain intervals and will update this idea. I think from looking at this chart and reading/listening to some of the other ideas about this stock that it can surpass the highs it made about 8 years ago and my price target is $270-$300 where I would start to think about using a stop loss and protecting profit. I like using stop losses eventually because it can let a stock potentially run rather than just selling when it hits the target. Anyway, waiting for another week to make a decision. If price ends up failing here, I think I will probably be able to get in down around $100 or maybe even a bit lower and I would consider starting a position there but I like buying on breakouts rather than trying to catch a "falling knife". One more thing on this stock, it hasn't participated much in the market recovery since the March lows from the covid panic selloff and that makes me like it also (just look at a long-term chart of Microsoft after the tech bubble, for a long time it pretty much traded sideways and now look at it, I'm not saying IBM will do the same but it could, I'm not one to limit the potential of the stock market long-term, over long periods of time it goes up on average). **These are just notes about what I am personally considering doing and are not recommendations to trade. If you decide to follow any of this, trade at your own risk and keep a long-term perspective, I'm talking this trade could take the better part of a decade to play out (not weeks or months, that would be a short-term trade which is usually not for me).**
NYSE:IBMLong
by PatientContrarian
3
USDEUR Long-Term ReviewHello everyone, let's take a look at the USDEUR weekend chart as you can see the price has been moving in the uptrend channel since 2008 and has broken the downtrend line that has been going on since 1985. Let's start with the designation of the support line and as you can see the first support in the near future is 0.95, if the support breaks down, the next support is 0.89, 0.84 and 0.79. Now let's move from the resistance line as you can see, the first resistance is the support zone from 1.08 to 1.21, if you manage to break it, the next resistance will be 1.56. Looking at the CHOP indicator, we can see that in the 1W interval, most of the energy has been used, but we still have some more for the next move, and the MACD indicator confirms the current upward trend.
Long
by cryptodailyuk