On the above monthly chart price action has rallied 100% since March 2023. The rally follows the break of market structure in April 2022. The recent 100% rally has printed a rising wedge. This is a bearish chart pattern. Price action prints a bearish engulfing candle at broken market structure. Market structure resistance is also previous support that saw price...
Price has reach a new level where it's possible that level will turn support and more buyers may enter the market. BOS on the weekly time frame happened and we are looking for a retest.
I'm finding myself gravitating more towards this crypto over Bitcoin, and that's mainly due to Ethereum's price. I'll explain my chart along with what I'm anticipating. What am I anticipating? Price is currently breaking a key lower-high on the weekly, which happens to also be the same area as the monthly (key) lower-high. Once that bull candle closes pass those...
Weekly Analysis: Analysis/Bias remains the same as last week's weekly analysis dated 14 April 2024 -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs. Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure) First...
From 2023 going into 2024, market conditions has been rangebound, with daily sell stops and buy stops being attacked but if we have a look at the PD arrays, discount prices are looking more probable, just like cable, targeting the yearly equilibrium @ 1.04059 and 1.01963 - 1.00572 bullish monthly order block if the downtrend continues but I will take things one...
Please refer to my monthly analysis for Cable as this is an extension of my weekly and partial intra-day projection. In regards to the daily timeframe, I expect minor relief rallies with the bearish order block being my last line of defence. In fact, it would be a perfect area to capitalise on shorts with a tight stop. 1.23623 weekly order block next in line. My...
Looking at GBPUSD on a larger timeframe, cable has been bearish for the past 4 consecutive months with no signs of slowing down. price action is currently trading in premium territory but with 1.23035 yearly equilibrium looming down below, there's a high probability chance that cable will continue to selloff into a discount. Over the course of 1 1/2 years, the...
Due to a delayed upload, my bias is neutral for the duration of the week. Initially, i was looking out for the weekly order block to be attacked, which occured before continuing it's downwards projection to the weekly sellside liquidity @ 37,675. In my last YMM post, i stated that YM could front run the index markets and thats exactly what we saw. But this does...
With minor accumulation, huge manipulation up to 18,350.75 during Mondays trading NQ closed out, distributing below the weekly sellside @ 18,004.50, trading into the daily bullish order block plus liquidity void which seems to be respected today @ 17,837.25 - 17,802.25. Today is supposed to be a volatile day with 9 red folder events and 7 gold folder events which...
Yesterday I posted analysis for ES but unfortunately, it was for the previous contract month meaning that all analysis made is negated. Assuming this was posted on the Sunday, i was looking out for sellside to be swept, which eventually happened but it's pointless me saying that is what i was on a lookout for when the move has already played out. Overall, i am...
Throughout the last few weeks, ES has gently tricked to the upside but this week is looking a bit different. Throughout the weeks, from the beginning of 2024, there has not been a bearish market shift in structure before repricing to the upside yet but with Wednesday, Thursday and Friday being down close days, sellstops could be i danger of being liquidated as...
The run upto weekly buyside @ 106.006 has been booked, as anticipated from last week. With my overall target of 106.006 met, i am expecting a minor retracement before a continuation up into the 14th Nov 22 lower displacement fair value gap. This could take a few weeks to pan out. but i will be keeping this analysis updated throughout the week. My philosophy is...
Notice when bonds decline, yields appreciate? Thats due to the inverse correlation in price action. 115.10 weekly OB was respected this week but price action failed to close below indicating some form of retracement in the cards next week. 112.27 is another weekly OB that i have in mind that the algorithm could reprice down to with bullish yields on upto the...
Last weeks bullish projection played out as expected with the monthly OB and liquidity void being met by the end of this weeks trading. Trend is your friend and although it's not guaranteed we will continue to trend upwards, there's a higher probability that US10Y does rather than not on a weekly timeframe. This does not mean this weeks price action will reprice...
On the above weekly chart price action has corrected over 90% since early 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Look left. Price action has now confirmed support on past resistance. 3) A weekly life cross prints. 4) Lastly, price action has exited a bull flag. The...
Last year I wrote the idea: “MATIC - The one token not to hold in 2023” It was not a popular opinion. Link to idea below. At the time price action was at 97 cents. Down 13% currently in what was arguably one of the most bullish years for markets those past 30 years. What of 2024? Nothing good. A weekly death cross is almost certainly going to print by the month...
It should know that when the price of ETHBTC is on a downtrend, this generally signifies that Ethereum is weaker than Bitcoin(especially when Ethereum and Bitcoin are both Bearish). If ETHBTC is bullish, like the above chart, it signifies that Ethereum is stronger than that of Bitcoin. How does this chart affect the price of Bitcoin and Ethereum? It simply...
On the above 4-day chart price action has corrected 90%. Today is great long opportunity. Why? 1) RSI and price action resistance breakouts. 2) Multiple oscillators print bullish divergence with price action with confirmation. 3) Price action prints support on past resistance since breakout. Look left. Is it possible price action falls further? Sure. Is it...