NO charts over weekend, will be back next week. Appreciate all in this community. More to come :) Todays write up: P action has had a slight up ‘escape’ from consolidation to push to the 9780 region. Good to see buyers pushed out of what could have been a sticky area of consolidation, now, don’t hesitate because this beast could drop back into. Currently coming...
Presently in consolidation banging the P action head on the lower inner upward channel bottom. A pop back into will get price in an area of the previous wicks to retest 10k… Yesterdays write up will clarify a lot of what I’m looking (see below) . However you’ll see a trend line on the daily marked in light blue. I’ll be watching price to see the 'tightness' for a...
Monthly take, Traders will be watching the TL from the all time high and replacing this downward trend line from the top. A point mentioned was that P action tested the previous double top area and officially confirmed the touch, note this area for future P action and watch the order book through this area. The longer price is below 10k the more this area will be...
Gold creating moves to push higher holding a line of momentum to the upside. Could see a consolidation to the right to test the inner lower trend line rather than a test back into below consolidation XAU: Silver has given it a red hot nudge to the upside sitting within the 75% region of the upward channel. Note it has created a new outer trend line. For...
Ripper P action the last hour before open to push the market through certain resistance levels like it’s not even there. I posted in the last chart that the subtle trend line was being tested being an indication that an attack was transpiring. NOW: Bitcoin needs to stay above the 10k spot. Even if consolidates it’s a good area to sit as its broken somer major...
NDAQ is having a bit of an electric surge and could push ATH (all time highs) amid the pandemic playing out. Tech for the win it seems during times of uncertainty to save the day. Bears are getting a bit of a slaughtering here as many are turning to and being more reliant on technology than ever before. A forethought is that smart money in other US markets...
US markets recovering from Q1 downfall. Markets must have attached themselves to the Falcon 9 and being dragged up to the International Space Station it seems considering what’s transpiring below it… (numbers V reality) Both markets flowing up the inner upward channel. The below remains the same but obviously with each positive day the market assumes a point of...
We’re one month away from closing out Q2 to hit the halfway point in the year. Anyone else asking where this time has gone the last 5 months, 2020 wtf… :P On the monthly P action has started the first few hour’s strongly closing last month with a positive candle print and it can be seen that bulls have the momentum as the battle of 10k isn’t seen. Outer...
A little rest and price trickle has seen P action test, retest and move along the inner upward channel to push higher then the last few days trading action. I wrote earlier in the week that for a good Q2 close the bulls need to push here to focus efforts on the 10k mark and come through. Will focus on the weekly open in tomorrows write up and positioning. In...
P action has taken a downward move to the inner upper channel’s bottom line / TL and deciding to re-establish a move to the upper, or stumble for a break lower over the weekend. In Bulls favour: Broken above the outer downward channel: Back within the inner upward channel: Still remains the same: The most important POWER PLAY is that Bitcoin needs to Push...
Both S&P and Dow creeping up to the mid point of their respective inner upward channels and flexing their strength. These markets aren’t out of the woods just yet and with Q2 yet to close out with one more month to go, will we see these markets pop up to the previous highs and safety point or trickle back down like mid Feb/march’s P action. A break of 2723.3 on...
Daily can see Gold flowing into the apex, a break above will take P action away from the previous consolidation and make P movement less sticky, alas a break downwards will consume it into this consolidation. XAU: Silver wants to join the up party focusing straight and trying to break the highs trend line. A break on Gold to the upside may see XAG move to...
Nice push to the upside, with Bitcoin back in the inner upward channel after 2 daily valuable Bullish movements. Earlier this week I wrote about the grasps of the downward channel’s grips. Let's see if Bulls can push above 9660 to close above the bodies off the weekly chart giving the market confidence into the last month of Q2 Area of Interest After open...
Bitcoin has gone for a 3.68% climb. I’m posting early today as watching the Falcon 9 space launch, unfortunately scrubbed and we wait until Saturday for a relaunch attempt. 🚀 2020, what a time to be alive experiencing the dynamics of this world; Launching into Bitcoin and focusing on P action/structure until the daily open, this P action has shown some strength...
Seems S&P and Dow stole the precious metals energy this week… Just a quick update to see Gold falter here with a possible break of the inner lows trend line from the previous low. Silver and Platinum are in a slightly different position whilst sharing similar structure and the inner highs trend line dictating some resistance. End of week may condense through to an...
Some Positive numbers, let me repeat + p o s i t i v e this week pushing both the S&P 500 and Dow Jones to recover lost ground since earlier months in the year. This is an update from previous posts that depicted the SAFETY ZONE (now previous high) for the market to reach, this will show that economic sentient has regained the power and strength that covid...
Focusing on candle stick structure, Bulls need to break the swing high at 9300. The longer they stay in this price zone of 8800 within the downward channel the less strength they'll have. A break above 9000 is needed this week to compete and salvage lost ground to 10k. To the downside if P action breaks 8600, watch for downside to fill the wicks from May...
P action can be seen to be creating downward structure with lower lows and lower highs. Bulls need to push above the downward channel to attempted to reset this otherwise more sentiment goes against the Bulls as to why this market looks heavier in the bears favour. Note a test to the top of the downward channel could transpire (bulls will need to push hard like at...