AMEX:SPY April 2, 2024. 15 Minutes Took support at 200 averages twice and bounced back. In 60 minute time frame considering the rise from 508.6 to 524.61 we can see oscillator divergence in play. We are also having AMEX:SPY around 9,21,50 averages in 60 minute time frame. 61.8% retracement is around 514 levels. So this level must hold for any uptrend to...
Dear friends, the current gold market has become an irrational market due to risk aversion and trend-following sentiments, so it is relatively more complex. Gold hit a high of 2265 overnight and then fell back. Then gold stopped falling near 2229 and then rebounded slightly. As of now, gold is trading near 2251. According to the current gold trend, there is no...
Dear friends, gold hit a high of 2265 overnight and then fell back. Then gold stopped falling near 2229 and rebounded slightly again. As of now, gold is trading near 2251.According to the current gold trend, there is no doubt that gold still maintains a trend upward trend, so overall gold still maintains a intact upward pattern. But in the short term, today's...
NASDAQ:SOUN After SoundHound Ai uptrend rally in Feb and Mar we are now seeing a slight break in the trendline. Enter at price targets: $5.16, $4.68, $4.11 (test at targets for retracements) hold for price to cross $5.71 (possible retracement due to investors selling positions), confirmation towards $7.64.
Firstly I'm a huge NASDAQ:AAPL fan when it comes to their products, however, I believe the time has come to buy some Put Options. Trend Analysis Utilizing the 1D chart, I found a double-top "M" pattern and at the time of this idea we are currently sitting a little under the second peak. The descent can be steep according to a macro-Fibonacci tool where the...
Sentiment: Short term bullish AU making higher highs on Daily and higher TF. Currently reacting off trend line and pushing towards Weekly high. Last Weekly bullish leg seems to have retraced to 61.8 fib which lines up with Weekly Demand whe price is reacting currently. In demand on lower TF (4h/1H), price took sell side liquidity. There is a 4H and 1H...
We kept it short and sweet last week and my short term projections delivered just before reversing to current price now @ 40,140. YM trading back into the median of the weekly range is still considered as a healthy retracement in a overll bull market. It's also in-line with ES short term shorts. My philosophy is simple... Fortify Michael J Huddlestone's...
FOREXCOM:XAUUSD Momentum has shifted to the bears sides on the smaller time frame. With a confirmed double top on the 1 hr time. There is great chance of a reversal at this area if price fails to break above the double top once it is retested. If this level is broken above we can wait on a pullback to enter a buy.
Dear friends, today we shorted gold in the 2263-2265 area and set TP: 2245, making a profit of 18 points and successfully making a profit of 10K, which is a good gain. After touching 2245TP, I used small batch trading lots to chase short gold at 2246 and 2237 respectively, and set TP: 2225. Because gold only touched the lowest position near 2228, these two...
Dear friends, today we shorted gold in the 2263-2265 area and successfully made a profit of more than 10K, which is considered a good gain. After hitting the TP with this transaction, I used small batch trading lots to chase short gold at 2246 and 2237 respectively. Although these two transactions have not ended yet, overall there is still a floating profit of...
This token has extreme momentum, I have decided to exit my PEPE position as I am up many Xs and want to derisk on this gaming and altcoin dip. This token has a huge community and the game is multi faceted. I started my position here. I am hoping for a dip to 32$ for another DCA. -Downside is this is on ETH but I am looking to start deriskign into higher momentum...
4.1.2024 Initial AM Buy Setup Analysis (Buy Limit Execution) - Morning Analysis based on ICT's 2022 Mentorship.
LIV is on a ascending triangle preparing for a breakout? RSI strength showing cup/handle forming at the crossroads. If price can stay around $140-130 to close the day I will be looking for an entry point.
DOWNSIDE AND UPSIDE ANALYSIS FOR BITCOIN = Recent NEW all time high - PULL BACK low - FIB EXTENTIONS on the downside AND upside - MY PERSONAL BIAS IS THAT BTC LIKELY CONTINUES MAKING NEW HIGHS - DOWN SIDE TARGETS ARE STOP LOSS'S FOR LONG/BUY/CALL TRADES (longer term) - UPSIDE TARGETS ARE FOR SHORT/SELL/PUT TRADES CURRENTLY as of END...
Unlike ES, I will be analysing the daily timeframe as NQ and YM are used to create my intermarket relationships between the indexes to trade ES only. SMT Divergence is a good strategy to use if only analysing ES, YM and NQ alongside DXY. Throughout the week has been slow and choppy with liquidity void being filled but we are still in a premium. A minor...
Market Structure Bearish on Higher Time Frames Weekly and Daily At same AOI Strong Seller's Rejection on the Weekly Weekly Rejection at AOI Previous Weekly Structure Point Daily Structure Point Daily Rejection at AOI Around Psychological Level 1.35500 H4 EMA Rejection 100% +2 REMEMBER: Trading is a Game Of Probability : Manage Your Risk ...
Thursday 28th, 15:45pm candle started the shift in market structure to the downside on a short-term basis and with buyside being tested, the hourly sellside is prone to be attacked next @ 5301.50 - 5301 Taking ES one step at a time as there is a chance for the daily buyside located at 5323 to be swept so I will be updating this post throughout the week. My...
Similar to bonds, Monday was the day that printed a bullish order block whilst the following days leading into the close for this week @ 104.672. We have been bullish from the 8th March 2024 with the psychological number 105 being in the cards. I will not be fading the possibility of a minor retracement to the daily fair value gap located at...