Refer back to the previous chart and updates. Price hit. Now look to the next level for price to reach.
Missed an earlier retest of this at the top of the hour 2000 ET 7/18/21, looking for a retest of the area for my Buy Limit to kick in. There are 3 TP areas I have of interest.
I like to use these charts to get an overall feel for investor sentiment when trading/investing in these markets. I believe having future's pricing data available gives us some insight into whether we are in a Risk On/Risk Off environment. Right now, compared to a few weeks ago we see some changes across the board. BTC is below a key weekly level (below Daily...
Looking to enter a short at this level (Swing trade). Trade Idea Entry Criteria (retest/exhaustion wick) at the key PF Fib level then take it down to the AOI BL. Confirmation will be seen at the FxAST RSI.
This is a chart I trade off for EU and there are some interesting things happening where MS levels have been made that coincide with key Fib levels. If you look at the lower TF you can see some interesting Key Fib levels at the weekly and daily level as well that coincide with what the market is doing at this level. History goes all the way back to the early...
Looking at this from an EW perspective and what could be possible with associated price action. Bias is still bearish with other analyses.
Just an update from what I shared last week on these long-term trades. Bias is still bearish. I will update if something changes my original analysis.
Further confirmation to the original post and looking at 1712 from where we are at. I do take notice of Cloud Span A starting to curve northward. Right now everything is still pointing to bearish control.
Looking to buy, but BELIEVE the market will SELL before pushing the bullish campaign.
Providing my Elliott Wave Count showing the bullish bias. Where I believe we are at based on THIS count.
Looking to Buy Gold off of 2 choices. I believe the market is showing that it wants to push higher (based on the weekly) and we could see some strong momentum going into the week and coming weeks.
Just like with ETHUSD, BTCUSD is approaching a decision area. Will there be enough momentum to push through creating HH HL or will the market RBD? More evidence from the daily and weekly perspectives shows that the bearish momentum is stronger. Divergence is being seen between the price action chart and the oscillator.
From the Daily cloud view, we can see that the associated price action is at an indecision area. The Kijun Sen is starting to point down, Cloud Span A is pointing down along with Cloud Span B and the Kumo is red as a result. Seeing divergence between the Cloud price action and the oscillator. Going up to the weekly you can see that the market is bearish below...
Just to expand on the previous chart. I have applied the FxAST trading system to this and we can see that we are approaching an area with strong resistance (black line inside of supply zone). This is a confluence area that associated price action must breakthrough. The below oscillator isn't as strong as I would like to see but we still have some time before...
Gold, play will be between the 20 and 13 if price breaks above KEY. If the price stays below KEY, looking to short 1727.20 and then 1678.00. Rejection off of 20 looking to short from a higher price to those levels.