4h TL has been broken and market reacted as we mentioned in our previous idea. Will be checking out the COT report from the CFTC and we will be positioning ourselves accordingly.
In the frenzied world of trading, many investors are drawn to the allure of reactionary trading, where quick decisions and rapid-fire responses to market movements reign supreme. It's a thrill ride, a high-stakes game where fortunes can be made or lost in the blink of an eye. But what if I told you there's a way to harness that same adrenaline rush while...
Let's delve into a significant pattern observed this week on the Dax weekly chart β the key week reversal. As the name implies, this pattern signifies a reversal in the market trend. It typically emerges following a robust preceding trend, as we've witnessed in this case, characterized by a strong upward movement. A key week reversal occurs when the market charts...
Various techniques mentioned below converge at a singular point, indicating a key price reversal. 1. Angular Shift 2. Linear Shift 3. Pitchforks 4. Advanced Price Action 5. Manipulation Strategies
It took all night but I think I finally have seen enough lol. Had a few LTF plays but now it's time to sit back and watch the HTFs play out as they put in some new levels. USDCAD is still active, USDCHF is on the menu, and I am paper trading Aussie with the news. Goodnight TV <3 sentiment shift video . ignore any post previous and updates will be out soon :D
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of EurUsd πͺ With EurUsd retesting previous monthly structure and the 0.618 fibonacci retracement level I do expect a short term bearish rejection on EurUsd and then simply more bullish movement. Weekly market structure is...
Hi Everyone A quick update on BTCUSD. Unfortunately we did not have enough strength immediately to capture 50k-52k zone, even before the attempt some of the alt markets were drained for liquidity, indicating a brief shift in focus for whales. Currently we may see a small pullback after which I think some consolidation is likely in the zones discussed. As long as...
Weekly timeframe broke structure . nice shift of momentum to upside. plus EMA crossover to upside Daily timeframe nice support level H4 timeframe nice bounce with multiple confirmation of wicks H1 timeframe break of counter trendline structure and shift of momentum to upside is align in all timeframe plus EMA crossover
In becoming a trader their is so many different methods to trading to learn and to try. Without someone to show us the right way we are usually destined for failure from the start. I have probably spent way to much time trying out how to find out what works the best and what doesn't work at all. You name a strategy and i have probably learned and tried it out. I...
In becoming a trader their is so many different methods to trading to learn and to try. Without someone to show us the right way we are usually destined for failure from the start. I have probably spent way to much time trying out how to find out what works the best and what doesn't work at all. You name a strategy and i have probably learned and tried it out. I...
- Weekly stochastic RSI oversold (LONG) - Daily Stochastic RSI overbought (Short) My Opinion: - For those who trade the daily chart, wait until the stochastic RSI crosses to indicate a shift in momentum to the upwards direction. We are likely to drop to the 7000 levels in a few days as we cool off from the recent rally. I would avoid shorting because it goes...
What's up Traders! In this video I've provided a full breakdown of my watchlist but the instrument I'm focusing most on today is US30. US30 is currently at a Daily High and Yesterday's close completely engulfed the previous, indicating a strong rejection from the area. Structure from the 4-hour right down to the 1-Hour is shifting to the downside with clear...
Last week was packed of rangebound action but Wednesday was the day that changed the market structure, shifting to the downside. Expecting a relief rally upto 4.450%
Hello, traders! Today we're spotlighting NASDAQ:CDNA (CareDx, Inc), which is exhibiting a compelling long-term Channel Up reversal structure. This formation indicates a robust bullish sentiment, which could potentially lead the stock to revisit its all-time highs and even explore new price levels in the coming years. Chart Analysis: Pattern: Channel Up...
Hello Traders and Investors, today I will take a look at the Nasdaq. -------- Explanation of my video analysis: For over a decade the Nasdaq has been trading in a pretty obvious rising channel formation. We saw the last retest of support in 2022 which was followed by an enormous +70% rally towards the upside. Considering that the Nasdaq is now retesting the...
At this juncture, Bitcoin stands at a critical crossroads, having maintained a trading range for an extended period exceeding one month. The imminent unveiling of market direction looms palpably. With the approach towards the lower bound of the range at 59k, a decisive closure of the 4-hour bar beneath this threshold could signal a downward surge towards our most...
Gold closed last week deeply entrenched in negative territory, facing strong headwinds from a resilient US Dollar (USD) which hindered XAU/USD from capitalizing on declining bond yields. The Federal Reserve's March meeting highlighted the urgency for policymakers to consider interest rate reductions, despite recent inflation reports suggesting a potential...
ππ Market Structure Reigns Supreme! Forget the Noise - Here's Why You Only Need This One Confirmation for Trading Success! π‘π Market Structure is your ultimate guide, visible across all timeframes. Witness how lower timeframes pave the way for higher ones; a transition on the 15-minute scale hints at shifts on the 4-hour, which in turn foreshadows daily changes,...