JINDAL PHOTO - VCP breakout incomingJINDAL PHOTO has formed a VCP pattern after a good impulse move, after a good time correction, I think it is ready to move again, also all holding companies such as #JSWHL, #PILANIINVS, #NSIL, #BFINVEST are showing good strength and are near their all time high pivot zone. Do look at these names.
Ideal Stoploss is 330.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
Supplyanddemandanalysis
DXY – TRADES | MTF ANALYSE | KW48In today's post I present relevant marks of the DXY for the next week, which could support the one or the other, in their own analysis.
= the technical analysis approaches, are shown in individual images in the post. So that an individual interpretation of the respective - standing alone - is possible.
= the title picture shows an example, of a possible trade. This is one of many possible setups because the current course isn`t able to take a clear direction.
PERSONAL ASSESSMENT
If you look at the price in the higher time frames, you can quickly see that "without" another correction, we have been in free fall.
Thus, an intermediate correction in the smaller time frames is long overdue and could possibly await us next week, with a rising USD / DXY.
This just announces itself with a MACD divergence, in the small-time units. This does not mean that the price must immediately react to it, however, over the next few days after a possible small sell-off, the whole thing can run in the opposite direction.
Why this is so, I explain to you in the following.
MARKET MAKERS MOVE THE PRICE .
The DXY has been in correction for 2-months and many market participants assume a further USD value decline.
And exactly there is the existing problem,
-> "many market participants" are on the USD short side.
If you look a little bit into the TRADING of the HEDGE funds and banks, you will quickly come to the conclusion that without their participation, the market will not move.
1. from the moment the price moves permanently in one direction, it is no longer interesting for large investors.
2. their opportunities to make money are very small, which is why they have to reverse the market direction or initiate a consolidation.
This in turn is due to the following reasons:
- The position sizes of these investors are too large to be executed in a normal market environment.
- For this reason, you can e.g. only build LONG positions if enough investors sell to you = go SHORT.
- Thus, when the market falls, they can build a LONG position piece by piece, without having a "visible" influence on the market.
Then, when you decide that their position size has been successfully filled, let the price go in the opposite direction.
- During the e.g. upward movement, profits are then taken piece by piece where liquidity is highest so that the market does not break away again after these profit-takings.
So that you are prepared for both scenarios (LONG / SHORT), I have carried out the analysis combined with the different time units (monthly, weekly, daily and INTRA-Day) and in the following with chart images.
The following methods are used and shown below:
- MULTI TIME FRAME ANALYSIS
- TREND LINES + TREND CHANNELS
- SUPPLY&DEMAND ZONES
- FIBONACCI LEVEL
- MACD
MONTHLY TIME FRAME
WEEKLY WINDOW
DAY WINDOW
INNER DAY TIME WINDOW
4h + LONG
4h + SHORT
1h
4h Divergence - MACD - Intraday
> Feel free to discuss this in the comments and share our perspectives, I would be "burning" to hear your take on the whole thing.
If this idea and explanation has added value to you, I would be very happy to receive a review of it.
Thank you and happy trading!