This is the Weekly BIAS for this week on CME_MINI:ESZ2023 Price closed below the previous week’s low (PWL). **→ Price is likely going to close below last week’s low.** Where is price headed? We know that price is drawn to 1 of 2 things: -Buy/Sell Stops (old highs or lows) -Imbalances (FVGs) **There are some old Weekly lows below, so we know that...
BTC is forming pattern head and shoulder , chart is vail until price break the resistance price .. #DisclaimerON
anticipating a rise into the supply zone or around 1858.34 level before selling down, i am expecting GOLD to hit the target 1828.19 or or goes dip below 1805.34 demand zone
GBPUSD hits demand with pin rejection after taking liquidity at 1.21917 i am expecting a short-term buy considering the daily engulfing candle below to a target 1.22350 zone
Weekly Review Nifty 50 declined by 0.18% last week to close at 19,638. The major meltdown was seen on last Thursday (weekly expiry) where the index lost close to 200 points where it touched its key support around 19,495 as per our expectations too. While broadly market is now showing mixed sentiments and is largely looking to be a stock specific trading only. ...
Week Ahead: On Daily charts, the index has lost all its momentum even though the fall has slown down but it has left huge runaway gaps between daily candles. Ideally such situation woul need to trade within crucial candles range and be mindfull of taking trades when Index trades near the gaps, as the saying goes, most of the time index always closes on gaps....
Hi Traders! Forex Weekly Recap for 18–22 September, 2023: Fundamentals The Reserve Bank of Australia (RBA) released the Meeting Minutes of its September meeting. Key notes were: They considered raising rates by 25 basis points or holding rates at the September meeting. The economy still appears to be on a narrow path by which inflation returns to target and...
Hi Traders! Forex Weekly Recap for 11–15 September, 2023: Fundamentals Bank of Japan's (BoJ) Governor Ueda stated that his focus is on a "quiet exit" to avoid significant impacts on the market. Other key mentions from him were: They could have enough data by year's end to determine whether they can end negative rates. The BOJ will patiently maintain an...
On this EW weekly count, it seems that we are in the buy zone. The 1-2, and 3-4 legs respect the EW rules and they hit the targets accordingly. The fib levels also confirm this scenario. This is a long-term play but the good part is that the longer the time interval the higher the probability of working out and of course the higher the payout.
Weekly Review Nifty 50 continued to fall for the 5th week straight. The index has retraced -3.64% from its all-time highs. Although in mid-week bulls tried to outnumber the bears as index witnessed a good rally till 19,585 levels but was soon rejected as it faced huge selling pressure pushing the index to 19,265 with a gap down opening the very last day of the...
DXY failed to take liquidity at 101.748 and gave a structural shift to the upside with 4H bullish momentum candles indicating a potential long, i expect a reach to a target above 103.372 in to the supply zone. DXY might take liquidity at 102.432 or tap into the demand zone(buy zone) below 102.311 before hitting the supply zone 103.372.
Nasdaq has retrace to demand zone i am expecting a short-term rise around the demand zone to 14927.57 target
US30 hits the demand zone leaving a pin rejection after taking the sell side liquidity at 34335.55 and also a 4H bullish engulfing pattern, i expect a reversal to target at 34724.97 or 34888.79 BSL
considering the liquidity taking at 1.10484 and the instant bearish fall has negate the demand zone around 1.09378 - 1.09134 hence expect more of bearish sentiment
I’m expecting the week to start and take all of the liquidity above those highs (red dots). The volume of that move higher will be very important to take into consideration. The issue is, the week needs to make a new low and that fact alone will probably give bears an advantage from my POV. To make a significant low on the weekly, price will probably have to...
Regarding our observations, currently there are Absolutely more buyers in the market. Buy setup is just valid after breaking the middle of bearish channel
Bears can hold the bulls advance until they settle around 19,300-19,380 levels which is both a support and a crucial resistance for any further rally. The index is currently looking at 19,194 due to weakness in macro and technical levels
Key levels stands at 4301- 4396-4461 Index seems to resist a break below 4350. The region under shade is crucial for bullish/sideways stance to continue. A break below which can index see under heavy selling pressure