🏃♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel . 💡Also, the Morning Candlestick Pattern is clearly visible. 🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone...
Well done all gold holders! If you managed to hold onto your gold longs and bullions from 2020 covid pandemic, you should be a rich man. I think there's more of where that came from in stock!
Areas of interest is $69,000 - $63,300 The range is wide as choppy price action do not provide high accuracy on a macro level
I feed of information! And right now I am itching for more! Very tough to tell but with volitility ahead throughout the band of this week, PD arrays will be attacked in some way shape or form.
Monday 20th: 3 Gold Folders Tuesday 21st: 5 Gold Folders, 4 Red Wednesday 22nd: 5 Gold, 5 Red Thursday 23rd: 3 Gold, 9 Red Friday 24th: 6 Gold, 2 Red Many will cry themselves to sleep as stops get triggered on both sides as this week is a HECTIC week!
- Using the 15-minute chart for CADJPY, the exchange rate has been ranging between 114.825 (resistance) and 114.191 (support). - The current exchange rate is around 114.400, following a rejection at the support level. - If the support level holds, there is a high probability that the exchange rate will move up towards the resistance. - If the resistance level...
Thoughts on potential future price movement. - 1 "Potential" options. - An opportunity becomes realized only if the "potential" price path is followed. - Only Technical Analysis considered. - "NO" Fundamental Analysis considered. - "NZDUSD" Correlation considered.
Thoughts on potential future price movement. - 3 "Potential" options. - An opportunity becomes realized only if 1 of the 3 "potential" price paths. - Only Technical Analysis considered. - "NO" Fundamental Analysis considered. - "NO" Correlation considered.
Thoughts on potential future price movement. - 2 "Potential" options. - An opportunity becomes realized only if 1 of the 2 "potential" price paths. - Only Technical Analysis considered. - "NO" Fundamental Analysis considered. - "NO" Correlation considered.
- On the daily Ethereum chart , a downtrend has been evident since March 13, 2024. - A downtrendline from $483.91 rejected the price at $3728.48 after a retracement from $3053.92. - The downtrend continued to $2807.28 before reversing and breaking the downtrendline to the upside on May 20, 2024. - The price closed at $3498.93 and is currently around...
Early Entry: After the breakdown of a Rounding Pattern formed since Sept 21, It has shown renewed interest at the bottom of a channel both on the weekly with a hammer candle and a strong bullish bottom shaved engulfing on the daily! Entry above daily close of 2375. Morning Star at the bottom... Safe Traders wait till Price closes above 200EMA or the Golden Crossover....
Good move ahead for Nifty can hold the levels of 22470 and give a closing above 22522. Incase we get a closing above 22522 the resistances ahead will be 22587, 22658, 22730 and 22800+. In case Nifty gives a closing below 22470 the supports will be at 22345, 22246 and 22055. 22522 is however a strong trendline resistance and gap up opening and holding above it is...
On watchlist, Waiting to see if we form some good levels to risk off and get some good initiating momentum.
Potential for Channel to be bear leg in a larger trading range, a red FBO bar would offer a good signal to put small risk on. Looking for strong selling pressure to build after initial signal or its a scalp.
Anything goes this week! Trading within thin margins does not provide low risk, high reward strategies. Lookout for the volatile week ahead. Liquidity WILL print price to a PD array
Compared to ES and NQ, YM is the only pair to close above Wednesdays high but with high volatility in the cards and YM currently trading in 'no-mans land', expect things to happen!
Very similar price action to ES, just with a few extra signatures. I will be awaiting more data for me to make a clear decision where price action is most likely going to draw to.
With 4 consecutive weeks of straight bullish price action, what would it take to slow down this bullet train? I mean, it could go up forever but markets move in waves of fractals and retracement is perfectly healthy in a macro bull market.