priceactiontds

priceactiontds

Good evening and i hope you are well. The FX markets are not exciting, since most central banks are doing nothing but waiting currently. Short update it is… eur/usd Quote from last week: bull case: Bulls bought where they needed to because if 1.08 would have failed, that would have been a clear sell signal and 1.075 would have been next. Now they need good...

priceactiontds

Good day and i hope you are well. There is a theory of markets, that the ‘Generals’ usually lead the way for the next impulse. I have no idea about the proven probabilities of that but let’s just talk about some big stocks here, which supports my bigger bearish market thesis, that this still might be the blow-off top at the end of a very long ongoing bull trend...

priceactiontds

Good evening and i hope you are well. Today bulls got another very strong day and either retested the highs or made new ones. ECB paused as expected but markets did not care one bit. Just bullish price action since EU open. Tomorrow more macroschmackro data which could lead to big spikes on a choppy week. I can not rule out market will interpret numbers bullish...

priceactiontds

Good evening and i hope you are well. After yesterdays bear surprise (no new ath - big surprise), we got an expected inside bar on most daily charts. I expect another leg down this week, followed by more trading range price action (could chop before too though). nasdaq bull case: Bulls want to reverse the sell off from Tuesday and keep this a trading range at...

priceactiontds

Good evening and i hope you are well. Today most markets showed some restraint and bulls actually began taking profits, which is very unusual for the last weeks, to say the least. We don’t know if bulls will be more cautious buying at the highs this time and we go more sideways or bulls will continue the pump further. I will give an update on Bitcoin tomorrow on...

priceactiontds

Good evening and i hope you are well. I did not adjust my wave outlook since 2024-02-11 and so far it's pretty perfect. My thesis is we are in w3 and this will be a treat. Late and perma bulls are still long and or will buy 180/175. So if this bear channel breaks down, the short covering will be epic. Market was/is at the strongest and this stock is in a broad...

priceactiontds

Good evening and i hope you are well. Quote from last week: Bulls got their major trend reversal and i conclude the bear trend from the 2023-12 over. I drew my next best guess on how this new trend could play out. It’s a small trend inside a bigger trading range, so it will probably be choppy and weak. Bulls managed to trade above the daily 20ema and made it...

priceactiontds

Good evening and i hope you are well. I let my thoughts go wild this week so have my tl;dr here: tl;dr: IMO this is the end of the long ongoing bull trend we had and the climactic moves at the end are not as rare as many think. That does not help you with shorts right now. Scalp long where big or many consecutive bull bars appear and wait for bears to show up...

priceactiontds

Good evening and i hope you are well. I try to do BTC more regularly now. You can think of bitcoin what you want, but it’s a big enough market to follow the basic principles of human nature and therefore price action patterns. Frankly, i don’t care if you think this is going to 0 or 1.000.000. and you don’t have to either to trade it. bull case: Bulls got the...

priceactiontds

Good evening and i hope you are well. I repeated the importance of the monthly close today because my thesis is still that the sp500 e-mini needs daily closes above 5100 for this not being the final move of an unbelievably climactic move. February closed at 5096.5. Does that make my thesis right and we sell off from here? Probably not. Markets mostly going...

priceactiontds

Good evening and i hope you are well. Interesting day today. Very strong move by the bulls above many bear trend lines. The first move to 2046 happened exactly in the Globex session as i said but the spike to 2058 was so big, that all bears had to give up. I expect follow through. Quote from yesterday: At 2046ish are 3 magnets: upper bear trend line, 1h 20ema...

priceactiontds

Good evening and i hope you are well. Quote from my weekly outlook: short term: slight favor for the bulls to reverse Friday and trade above 79, there could still be resistance if bulls won’t push above with some force. bears win below 75 for at least 74 or lower That outlook was good for 300 pips. Hope you made some. bull case: Bulls got exactly what i...

priceactiontds

Good evening and i hope you are well. If you follow the dax and maybe some German economic indicators or listen to the German word on the street, you are probably wondering how on earth this market can go higher and print daily new ath’s. Welp, all traders see it's overbought but it still keeps going up. This is absolutely the blow off top and the end of this...

priceactiontds

Good evening and i hope you are well. bull case: Bulls stalled the market around 2040 which is important now. Bears made lower lows and broke below the triangle. Bulls need to trade back above 2040 and they want a retest of the smaller bear trend line around 2046 and then make a higher high above 2050. At 2046ish are 3 magnets: upper bear trend line, 1h 20ema...

priceactiontds

Good evening and i hope you are well. This week was another very strong one for the bulls. Having these kind of climaxes at the top after such a long ongoing trend is often the exhaustive end of it. But all that is just mumbling until bears show up. Bulls continue to pump this higher and that’s just what’s happening right now. All targets have been met and market...

priceactiontds

wti crude oil The chart and my drawn wave outlook is the low probability thesis. More probable is a continuation of the trading range 68-78 or 70-80, whatever price you find more appealing, same outcome. bull case: Bulls still prevented bears from a strong move down, as they had the last months, after a rally and we are still trading above the daily 20ema. We...

priceactiontds

Good evening and i hope you are well. Last time i talked about Nvidia was 3 week ago and Nvidia at 661. Time to revisit and adjust again. I said buy, 700 and even 800 were my targets. Market kept at it, 788 now with 823. If you made money, please leave a comment, thumps up or whatnot. I hope you enjoyed it. Outlook Quote from last outlook: "The thing about...

priceactiontds

Good evening and i hope you are well. If you are a regular reader, you know by now, that i’m the first to acknowledge and point out my errors. I’m tougher on myself than the internet could ever be. Today was another humbling day for bearish takes on the market. One would think the odds for deeper pullbacks rise with each consecutive buy climax. Not today anyhow....