I was up early this morning, approached the chart with a clear mind, and awesome energy. As I type this, I know I grow thirsty for water slightly, but anyways, I have a bearish idea for US30. Price is above an OLD weekly low, so above old lows, especially on a higher timeframe, shows indication of being in a deep premium. Also, on the weekly, price has tapped into...
The video explains it all a lot better, but basically, we are sitting with higher highs and lower lows on the trend timeframes that brought us here (30m-4hr), otherwise known as the Pac-Man symbol. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5083 Uptrend (4/25/2024) Higher High 1Hr - 5083 Uptrend (4/25/2024) Higher High 2Hr - 5131...
Looking to see price continue its bullish move into highs for the rest of the week.
Please review and comment my daily trading plan for BTC SOL NEAR RUNE
Trader Tom, an investing.com technical analyst explains his EURUSD SELL idea using price action and a top down approach following the aftermath of the FED interest rate decision. This is one of many trades so if you would like to see more then please join us and hit the boost button.
As mentioned in my previous analysis on EURUSD, what I was looking for came to pass. The large swing move did not occur yet, so i'm anticipating one more spike up higher before we head to the downside. I have a few things leaning towards my short bias: 1. Seasonal tendency for the USD is stronger. This is suspect for XXXUSD pairs to be going up. 2. May's...
Hello Traders and Investors, today I will take a look at Alphabet. -------- Explanation of my video analysis: About 8 years ago Alphabet stock created the first retest and rejection of the long term ascending bullish trendline. Then we had a lot of retests of this trendline, the last one being in the beginning of 2023 and this retest was followed by another...
I approached the charts fresh out of the shower. I got in at 9:20 AM NY Time and got to the computer around 9:40 AM NY time. But anyway, I saw on the weekly that we were slowly rejecting lows. So, that means if I saw either a shift in structure or a change in the state of delivery, aka a break above an OB that has taken liquidity to go higher on the 4H or 1H,...
Let me know your thoughts fellow traders. Scope Ratings is concerned about heavily-indebted countries with large primary deficits, and governments operating in highly fragmented political environments struggling to implement reforms. Previous crisis-hit countries such as Greece, Ireland, Portugal, Spain and Cyprus have implemented important reforms under EU...
5.1.24 I picked Bitcoin as an example of how I look at potential trades as a buyer or a seller using gaps the way I look for gaps and whether or not the market retest those gaps or not. I'm making my trade decisions by looking at bars on the chart not all the ancillary tools that you can put into your chart.... I don't use those tools because they cause conflict...
ES Trade Plan Inflection: 5095 Upper lvls: 5115 / 5127 / 5137 Aggressive Inflection: 5076 Lower lvls: 5052-5056 / 5030-5038 / 5005 NQ Trade Plan Inflection: 17628 Upper lvls: 17660 / 17776 / 17818-17838 / 17901-17937 Lower lvls: 17507 / 17356-17370 / 17283-17293 / 17163 SPX Pivot 5036 Stay Frosty!
We are seeing clear sell-side tapering with the orange algo and purple showing it's control. We are now retesting the breakout of strong selling magenta and coinciding with green buying continuation. This could be a very good opportunity knowing that if we don't hold green, we're out. However with a retest of magenta and a proven buying continuation lining up, I...
Should you buy the dip? In general, I would say this is not a good level. See the video for why, and where it might be worth doing it.
Hey there In today's video I talk about my recent drawdown and how I managed to get out of it and what you could learn from my experience. We also take a look at potential trade setups on NZDUSD and USDCAD, with a brief trade review on AUDUSD and EURUSD. So be sure to check out today's video because its filled with a bunch of fruitful tips and insights.
Please view and review my daily trading plan for BTC, SOL, Near and Rune and please leave a comment
The March CPI was reported at 3.5%, higher than expected on April 10. This development triggered a sharp decline in the stock market, with a total drop of 8.5% from the recent high. Could this downward movement signal the onset of a major bear market, or is this sell-off simply a retracement, setting the stage for the bull market to resume? We will explore this...
Trader Tom, an investing.com technical analyst explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please join us and hit the boost button
this is a trade i took today. I'm testing out the publishing tool on Tradingview.