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SPYLOVERS ! The Pullback is here ! What to do next.... Good morning everyone and welcome to another weekend session. For those following the SPY, we can see that the institutional rejection did indeed occur with a double top, and it was unable to break the Al Time High (ATH), leading to a pullback that we had already predicted weeks ago. The question is: How far will the pullback go? I have two levels: a liquidation zone limit and a historical demand zone. Warning: DO NOT ATTEMPT TO CATCH A FALLING KNIFE ! The idea here is to let the price do what it needs to with this drop. Once it reaches one of these two zones, we will start to see bullish volumetric candles indicating the beginning of an upward trend. For now, this analysis has been unfolding as we have been forecasting the movement. Let the price fall, and be very alert to determine whether this is just a small pullback or a longer one. We already know where the price will likely land. Sending greetings and thank you for supporting my study.
AMEX:SPY
by RocketMike111
Bitcoin and altcoins overview(Jule 16-17)Yesterday, Bitcoin continued its growth and reached the designated target – the sales zone of $64,400-$65,700 (volume zone). Now we have already received a reaction and went into a correction. The global scenario has not changed, we are still waiting for the buyer's reaction and joining the subsequent longs. A local sales zone of $63,600-$64,000 has formed locally, from which an intraday sales reaction is possible. Buyer zones: $61,700-$60,800 (pushing volume) $58,700-$65,200 (zone of accumulated volumes), $55,000-$53,900 (zone of volume anomalies). Sales zones: $63,600-$64,000 (local sales aggression), $68,700-$69,800 (volume anomalies), $70,500-$71,400 (accumulated volume). Interesting altcoins. For the DAR coin, the formed volume anomalies at a price of ~0.17 do not give a result in the long, so we consider a short with good targets (more than 10%). SUI , a classic situation with a retest of the volume zone with positioning in the long. We look at the reaction by volumes or wait for the breakout of the descending trendline and join the longs.
by Crypto_robotics
1
Will the cardano/Ada rally continue? Cardano finally broke out of a long descending wedge it was in since the last high (0.67) in December. I like the fact that it held the 100sma (yellow line) twice on the daily, making a double bottom on the process. It has some resistance at the 0.382 fib, so I wouldn't be surprised if it retraced back to the top of the white trend line for a test/support. If this trend keeps going, I am expecting the 0.618 @ 0.58 as the first target, then the 1.618 @ 0.80 as the second target.
Long
by MindPoison
XAUUSD Daily Analysis: Navigating Bullish Structures Amidst BearIn this blog post, we'll delve into the daily chart of XAUUSD, examining its current state and anticipating potential future movements. Bullish Structure Formation: At a daily time frame, XAUUSD is displaying a bullish structure, marked by distinct highs and lows. This structure serves as a valuable guide for traders seeking to understand the market sentiment and make informed decisions. Structure High and Low: The recent bullish phase saw a structure high at 2148.990 and a corresponding structure low at 1810.465. These levels act as significant markers, providing insights into potential support and resistance areas. Bearish Leg Development: Despite the bullish structure, the current scenario reveals the formation of a bearish leg. Traders should take note of the expectation for a new low, anticipated to dip below 2024.500. Current Price Range: As of the latest observation, XAUUSD is trading within the range of 2024.5 to 2079, with the current price standing at 2031.13. This range becomes crucial for assessing market dynamics and potential breakout points. Bearish Leg Continuation vs. Reversal: The bearish leg is expected to persist unless the price breaks upside the current range. Traders should closely monitor price movements within this range to gauge the strength of the current bearish momentum. Potential Reversal Points: Despite the prevailing bearish pressure, there are notable PD arrays below the current price. These levels could serve as potential reversal zones
OANDA:XAUUSD
by Botsolutions
1
NQ expectations based on macro-economic analysis and structuralThere are 2 scenarios that I expect to occur, both with the final outcome, the circumstantial achievement of historical highs, because: we had a response to the restrictive monetary policies of the FED before 3/11/2023 with a lower than expected NFP and a rate of rising unemployment; then with decreasing inflation. I expect scenario 1 (white) to occur if in these days the markets close with a bearish acceptance below the last Value Area; scenario 2 (green) only if we have a bullish acceptance of the last established maximum. Seasonality should also not be overlooked as we are in Q4 and the very close Christmas rally, a Risk-ON period.
CME_MINI:NQ1!Long
by Fraancesco_
1
USDCHF: Continuing downtrendToday, the USD/CHF currency pair looks to rest at monthly lows, settling around 0.8920 entering the European session on Friday, after recording an impressive recovery to convince traders sales yesterday. The Swiss franc (CHF) fell the most in a week as it broke through key technical support levels, convincing investors to favor extended lows. What raises hopes for USD/CHF sellers are the negative signals. While it is impossible to accurately predict the future of financial markets, it seems that the USD/CHF currency pair is under pressure from bearish investors. We will continue to monitor developments going forward to see whether sellers can maintain patience at this low level.
Short
by Stone_Haven
USDCAD : Long Trade , 1hHello traders, we want to check the USDCAD chart in the 1-hour time frame. The price has broken the descending channel upwards and then pulled back to the key level between 1.32200 and 1.32300. We expect this level to act as a support level for us. perform and maintain the upward trend of the price. If the price increases, we can expect the price to grow up to the next key level, i.e. up to the price of 1.33500. If the upward trend is strong, the next target that can be envisioned for the price It is 1.34600. Good luck.
Long
by mrAT_Trader
Trading Setup EURUSD Sell Indications on H4 Trading Setup EURUSD Sell Indications Entry Levels: 1.09986-1.10726 Stop Loss: 1.11326 Take Profit: 1.07539 Take Profit: 1.06370 Take Profit: 1.05000 Here is the proper setup with many confirmations, so just set price alert on your chart and also make sure your own analysis. The main point when open up trades; Main points when open trade; 1. 1:3 risk reward ratio is best 2. Stop loss should be placed 3. When markets give you the directions regarding candlestick then open trade 4. Confirmations candle must be the movements points of markets so must follow the points
Long
by Bloom_Forex_Official
GOLD: bearish pattern created Hey guys, last week I was bullish on gold, but after the recent PA I changed my bias to short. -First, the price formed the so-called "Bearish Flag" formation, this is a pattern that is a trend continuation and the TP is the duplication from the initial leg. -Second, looking at the DXY I am more for a strong dollar for the near future judging by the recent candles and the strength of the momentum. I won't be rushing to enter a position because gold and DXY are at a very indecisive point right now, so I will wait for a good correction that will at least give me a good RR
OANDA:XAUUSDShort
by JivkoXristov