NSE:HAL 2 UP on the quarter but not strong enough to close above Q3 high inside year = no clear direction messy 3M chart = neutral and a need to wait for more clues oil & energy (related) names not the strongest this year, which could mean (more) potential upwards, but need to see price confirm that suggestion first
NASDAQ:GOOG Magnificent 7 did great this year, GOOG included strong close, 4 green quarters in a row exhaustion risk -for what it's worth- around that 152 level will be interesting to see how this level (and similar levels for the other big 6) will play any role in what the big guys/institutes will do here let's watch and see, anything can happen, incl....
NYSE:DOW a great example why long term investing doesn't always beat shorter term speculating/trading current price at same level as EOY '19.... closed the 2 down quarter green, above the low of previous quarter = positive inside year = no clear direction, until market gives us new clues = neutral anything can happen
The good thing about NYSE:DIS is the outside quarter but, it couldn't close above that Q3 high, so still not that strong of a look given it took out the low of '22 and closed above it, this could mean we've seen the worst overall, if the 3 on the quarter might see some continuation upwards, I see this just as the first baby steps of what could be a nice...
Financials did well in Q4 NYSE:BAC with a bright green 3 on the quarter hammer on the year, with lot of upside potential notice that other financials e.g. JPM ended the year at/above previous highs meaning BAC wasn't the strongest of them but, also could mean more upside potential let' see how it plays out in '24 no predictions, price and time will...
Inside year, see how BABA got stuck in between the high and low of 2022 going nowhere, you can hear Rob say.... bearish shooter look on this yearly red inside bar ugly sure, it might get taken back up, but let's start with a reversal quarter first and we'll go from there taking out the low of '22 seems more likely at this point let's see, no predictions
NASDAQ:AMZN another bright green candle on the year it did take out the low of previous year in Q1 by a bit so, strat wise it's a 2 down on the year, obviously bright green is it extended? maybe..... but, the good thing for those with a bullish bias, still 2 previous yearly highs to take out how strong will AMZN be in 2024? Let's see
NASDAQ:AMD what a move, bright green year, but still inside year outside quarter, inside year extended? maybe, who knows, but.... always room for a further move up, especially given the highs of '22 and '21 both, not taken out yet.... let's see how semi conductors will move from here, in the A.I. era
AAPL outside quarter and outside year exhaustion risk, with a little nuance see how it did take out the Q3 highs, but couldn't close above it (although bright green) one of the good things about zooming out to the higher timeframes, is that another (massive) move up can occur also known as a 3-2 to the upside let's see what happens, keeping an aye on it for sure
It is what it is. More boring Price action, they sell to target and we go up. There is nothing hard to understand about this. If that is difficult for you to understand, then good. Watch the video and listen. I make 18-20 minute videos regularly not to say what I think is going to happen, but to EXPLAIN why I think it will happen and how I analyze. I may have...
BTCUSD reached further the supply area in overbought condition. A potential decrease of 7% can occur if the price action interact with the anchored VWAP from ATH. This potential movement can ignite an impulsive 5-wave bearish exiting of this big diamond pattern, which is likely complete. Fisher Transform suggests the direction of the price action in 2H and 1D...
🤖 EU. Still favoring sells on Daily/Weekly timeframe. My bias will change if Daily/Weekly Closes solid above this zone 1.074. This is a Fakeout Setup Bearish. Trading off Daily Zone 1.074.
After gapping up 40 Pips, then creating another leg up 50 pips Higher High to 1.07392 Daily Zone, I can see fomo kicking in. I think it's likely that we will see a harsh liquidity pullback to 1.06895 Daily Zone before a further bullish continuation on the week ( which just began! ) Already moved up 90 pips.. quite a move for EU during the first session of the...
Anticpating that we may fakeout on the 1hr Timeframe and dip back below 1.062. We may, consequently, drop to 1.06 where i will look to TP. We may keep dropping or continue to test these Pullback areas on the 4hr/1Hr Timeframes. It would be good for bears if the 4hr candle closes below 1.062. Bulls need close above there. Consumer sentiment missed by a decent...
Currently EU has bounced off our Daily Zone across the first London Session of the week. During the previous week, the first 5 trading sessions respected the previous market structure, before consequently dropping to continue maomentum on HTF's. Currently the 4hr is retesting a previous 1Hr/4hr zone 1.06. Will the Lower High Hold? Will the bear stay in control?
Price has been depreciating on this asset almost session after session as the week has progressed. Price has depreciated 4/5 sessions. Alot of opportunities to jump on the train. Continuing to create fresh lows on Higher timeframes. Still Bearish, with regard to market structure on the 4hr Timeframe. Bear must protect 1.06 and 1.062 1hr/4hr zones to maintain...
Analysis : Check 1m Chart in Description If you wish, I have provided a breakdown of the Reversal on EU this Friday. Go through all 8 points in order and it makes more sense. Still bearish as we go into next week. However we must be fluid. So we will allow price to guide us with the clues it leaves us. Price Action.
CADJPY and CHFJPY are on my radar this morning. I can see clean reversals and signs of higher highs. Now, I am in a position to trade them back to the higher timeframe highs. You can see my full analysis and risk management strategy in the video. Share your thoughts, like the video, and let me know if you trade these pairs as well. ✌🏾