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bull case: 50 points down and 60 points up. Unreal price action for this Market. Bulls bought where they had to, to stay inside the broad bull channel or expanding triangle. Call it what you want, you trade it the same. Since Fridays sell off was so extreme, I rather be humble as a bull and take my profits on weakness. Retest...
Good Evening and I hope you are well.
overall market comment
Last week was expected until Wednesday, as markets mostly moved sideways. Two weeks ago I concluded the most recent bull trends had their trend lines broken and the daily 20emas also. Wednesday’s CPI print was a bit above forecast but reminded markets that maybe not all is well buying into the highs...
Last week, the EUR/USD market was a whirlwind of activity, marked by heightened volatility and significant price swings. The week began with bullish momentum, as buyers took charge and pushed prices higher. However, by midweek, the market experienced a dramatic shift, with increased selling pressure leading to sharp declines in the EUR/USD pair.
Despite the...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURUSD has been overall bearish , trading within the falling wedge pattern in red.
Currently, EURUSD is approaching the upper bound of the wedge acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance zone at 1.088 marked in green.
🏹 Thus,...
Hello traders, I decided to do a short video of EURAUD, with my BIAS, I'm seeing a long from here.
I was expecting a retracement to the support zone and on the trendline and the NFP on Friday boosted the sell.
I'm seeing price start moving to the upside from the coming week.
Y'all can add this pair to watchlist.
bullish TVC:DXY
A lot of the currencies in the basket of the DXY are looking weak against the USD and there are other factors known and unknown, both too long to list to support these ideas.
The price action is leading the narrative that will be printed in the rags when the PA has broke the recent high that sent the DXY down for the retest.
Printing hidden...
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prev. outlook from 2024-03-13
Quote from my #3 Tesla update:
"tl;dr: do or die here at 170 for the bulls. If we break below the bear channel line, bulls covering will fuel this further. Strongly bearish."
and the second quote:
"bear case: Nothing bullish about this stock at all. Bears are in full control and selling...
Price breaks recent low and fails to break recent high indicating in weakness to upside with the price respecting the OB near the daily price open we enter the trade at 0% drawdown looking to exit at a POI
Good evening and I hope you are well.
Today bears actually showed up and bulls began the profit taking. Very refreshing to see some two sided trading and not making more ath. I do think for all indexes the selling was strong enough to get another leg down, which then is mostly a third leg or W5 and markets are or will then trade at bigger support prices, trend...
Good Morning and I hope you are well.
WTI Crude Oil
bull case: Still inside the bull channel but market get’s more two sided trading. I can’t see another strong leg up but more trading range price action between 80-85. 85 Should be the max here and the very big triangle will probably play out over more months. Upside is probably very limited here.
bear...
Good day, I hope you are well and enjoyed the holidays.
This is my post from before US Session open today, sorry for posting late here.
overall market comment
tl;dr monthly update: The following are my very rough guesses what could happen over the next 6 months and why this trend is on it’s last leg
Q1 earnings will show weakness and market stops making new...
GBPJPY is currently following a bullish market structure and is now retracing to the downside, targeting the point of interest (POI). There are some imbalances at the bottom of the recent trading that the price needs to mitigate.
Expect a bullish continuation when the price touches the POI. The target of the bullish movement will be the recent swing high.
Hey there,✌
MEXC:ETHUSDT Price broke above the critical $2100 resistance level and consolidated with a bullish trend, reaching $4000. After reaching those highs, the price met some resistance and pulled back a bit. it's currently showing positive signs around the $3000 FVG (Fair Value Gap). As long as the price remains above $3000, the long-term outlook is...
Good evening and i hope you are well.
sp500 e-mini futures
bull case: Bulls got the more up but barely. The high today was 3 points below the ath and that qualifies as a double top. Do we trade down from here? I don’t know. If bulls can keep it above 5300, it’s as bullish as it gets. Many support lines below on the chart and bears not doing enough to make...
Good evening and i hope you are well.
Gold
Quote from my weekly post:
short term: Neutral. Bulls could break above 2200 again and bears could also break below 2140.
bull case: Market seems bullish enough for 2220 test again and i think it this time it will break again for retest 2247. I’d be surprised if we get big sell volume around 2220 again. Market...
Good evening and i hope you are well.
I was totally already writing the update with the most annoying small trading range price action in mind (obviously not the dax) but then the bears used the power hour to extend the range downwards. If anything i’d guessed we close near the open. Interesting going into tomorrow and if bears can generate follow through or at...
Good evening and i hope you are well.
Let me start today with a beautiful quote, which is often repeated in some form or another and indefinitely more people do not grasp.
As we’ve discussed, every security is a claim on some set of cash flows that will be delivered to investors over time. Yet at any given moment, the only two things that determine the price of...
Chart legend:
Yellow lines: These line represent the lower and upper boundary of the range that has been tracked for the last 30+ days.
Orange lines: Buy and sell side volume in the order book. These areas are where the buying and selling volume are the highest. Note that multiple zone could exist, these are just the strongest ones.
Purple lines: This is the...
