Dear Colleagues, I suppose that the price has started the wave "5" of the higher order. At the moment I expect a correction in wave "2" of lower order, then I expect the beginning of wave "3" with the aim to reach the resistance area 39156.49.
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Dear colleagues, I believe that wave "4" is not yet completed. To complete it, it is necessary to complete the double zig-zag. I expect that the movement "c" will end in the area of 37350, then I expect growth and the beginning of wave "5" with the goal to reach at least the resistance area of 38458. Be careful, perhaps wave "c" will be a bit shorter and it will...
By checking the #Nasdaq chart in 4-h time frame, we can see that the price was exactly as we expected, after it entered the Bearish BB supply range, it was accompanied by selling pressure and was able to hit the main target with more than 430 pips profit! In the coming week, we will probably have a short upward movement first, and then with the right trigger, we...
Simple Trading - Heads and shoulder
Gold is way overdue for a bullish retracement, is this the beginning of a pullback?
Watch to see if gold can hold below 2380. Looking to take SELL positions if the price can confirm the New resistance level.
**Price may not retest and continues to drop to TP
$5000 level is the target of this uptrend. Weekly chart shows that recession It is too early! EMA-150 and EMA-200 is used on this chart to determine the trend... Also we have bullish MACD divergence !
US30 is in strong bearish trend.
As the market is consistently printing new LLs and LHs.
currently the market is retracing a bit after last LL, which is 0.618 Fib retracement level. if the market successfully sustain this selling confluence the next leg lower could go for new LL.
Liquidity Crisis may happen
most of hedgefund did buying treasury bond and then treasury bond margin loan ,
so they made almost 50x leverage on bond market
times over and over now only t-bill s gonna be recognized as collateral
so t-bill market happend this method
But NFP is too strong, FED didn't do Rate Cut now
So t-bill is bubbled now, we are gonna kill...
Identify which phase of the market you are currently in.
DAILY
Still in the correct phase of the bull trend. 37060, our significant support area where we believe the correction phase will start to phase out. We had an ascending wedge, which we broke and have just kept going down since then, forming bear flags on the way down.
4H
The flat flag pattern is not...
US30 H4
Lets not over complicate things here on US30, we are struggling to break this 37600 support price, 38,000 remains intact.
Sell limit replaced here with a tighter stop than yesterday, we have a clear range offering best part of 400 points.
Daily/4h time frames analysis for US100.
Price action & key levels.
Directional bias.
Thoughts.
Trading plan.
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The Dow Jones symbol has entered a downward trend, which has moved its highs into a short position. It is likely that the price will correct up to 38800 and continue its downward trend from there until it reaches the important support of 35000.
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Knowledge Required to nail
OANDA:US30USD
1, Good understanding of price Trend/directions
2, Absolute respect for Supports and Resistances
3, Knowledge of candle stick patterns
4, Discipline to use partial TP, SL
5, Discipline to wait for confirmations and only act when required
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The Dow Jones Industrial Average, a bellwether index reflecting market sentiment and economic outlook, experienced a notable shift in dynamics following remarks by Federal Reserve Chair Jerome Powell. After a previous push-down impulse triggered by Powell's speech yesterday, the index exhibited a remarkable recovery during the Asian session, opening the new...
US30
We saw some nice rejections from this 38,000 region yesterday, hoping for the same type of play, we rejected very close to that 38,000 price. Pushing a high on the retest of just 38,030.
Still bullish for the dollar and therefore looking for US30 and US100 to pull south until sentiment changes. Order details as detailed below. Plenty more mileage beyond...
By examining the ES1! 4-hour chart (S&P), we can figure out that, the market structure is bearish, so we looking for a sell position.
In that case, the price had a bearish reaction to all of the bearish Pd Array, so we can expect a bearish reaction on the balance price range (BPR).
In my perspective, sell-side liquidity is a draw on liquidity. Until this...
