Monthly-timeframe After an extensive bull run breaking all-time highs since December 2023, the bulls are finally taking a breather and price is retracing towards November 2021 all-time highs, will this old level of resistance hold price as support? Time will tell but this market is extremely bullish and unless a crash is due, this is just an opportunity to buy at...
Daily-timeframe Much like the four-hour timeframe, this timeframe is bearish and tapped into a strong demand. It may reach higher into the supply zone above current price. However do not be fooled into buying, the wick is left behind is too enticing for stop/sell orders the market would definitely like to reach below that area and we have an untested area of...
DOW JONES 30 │ US30 │ WEEKLY OUTLOOK Daily-timeframe Much like the four-hour timeframe, this timeframe is bearish and tapped into a strong demand. It may reach higher into the supply zone above current price. However do not be fooled into buying, the wick is left behind is too enticing for stop/sell orders the market would definitely like to reach below that area...
Four-hour timeframe The consensus is gold is overbought and I agree but considering the geopolitical events around the world is it really? On this timeframe we can see price tapped into demand and rejected the demand as well as the 79% retracement level. Fifteen-minute timeframe Our trend is bearish looking at the internal structure but we did tap into the...
Four-hour timeframe An overextended bullish run. In the middle of nowhere, could this be the end? I do not know price can extend even further, we do not dictate where it should turn around. Fifteen-minute timeframe Price retraced deep and extended about -61.8, just as with the 4-hour timeframe this extension can reach higher than -61.8 I do not dictate the...
Four-hour timeframe Approaching an area where the impulsive phase may end. Nothing has happened to suggest that yet so we take it for what it is. TREND: Bullish PHASE: Impulsive POI: Approaching Fibonacci Extension Fifteen-minute timeframe Strong impulsive candle caused a possible bos. Waiting for markets to open to see if it is indeed a bos and if we get...
We continued to see that bull strength throughout the week. If the daily timeframe trend stays true, we will see price break the all-time high eventually but it is not resistance free rallying. We just tapped into a supply zone that caused a meltdown of 5%. Therefore, this psychological level will probably see some fighting between bulls and bears before it is...
An extreme high has seen liquidity raided. The overall narrative remains bullish. The 15-minute timeframe is still mixed and I am waiting for clear changes of character to trade the pullback The 5 minute timeframe is bearish because of the break of structure and could confirm the 15 minute pullback. Final thoughts: Many accounts will blow during these...
The four-hour timeframe tapped into the demand at 1986.503 that caused a significant change order flow, about 3.4% in a day. Therefore, it only makes sense for the bullish trend to continue. If you zoom out to the daily timeframe, you will see that Gold is actually in an uptrend. We are ranging between the latest higher high and higher low. The 15-minute...
I know you guys hate trading the easy stuff by the reaction I'm getting from my uploads. Well here you go with US30, figure out your entries on the lower timeframe, this is not financial advise after all so don't expect a stop loss and take profit
The indices are super bullish so look for those low timeframe buying opportunities. NAS100 will eventually hit 17992.5 with the possibility of going as high as 18380.3
Looking for counter trend long position to a supply zone where I will flatten all positions and take advantage of a possible 2% drop should my entry model play out.
My expectation for XAUUSD is to collect demand @ 1987.11 eventually. Price is struggling, however, to get there. In the meantime we catch those intraday moves
Possible long set up on NAS. I'm looking at two points of interest and will monitor price as we trade into these areas for long positions.
Short term dollar strength is evident on the chart, let's see with the economics and geopolitics says in the coming weeks, maybe months.
So Gold played with our emotions. Got taken out at breakeven from all our short positions then NFP came in with a nice sell off. Now we are in short term buys, which may extend to the long term should the supply zone from the NFP sell off not hold.
This is not in anyway a Elliott wave count, so don't bash me. I am waiting for the impulse leg on gold from the demand as market out. May be a while but I alerting you ahead of time where price may be headed from this supply we just tapped into. Speak again when price reaches the area.
Update on GOLD don't be fooled we are not selling off just yet. Bear trap before the actual sell off