US30 makes it two in a row, but do we need more evidence?What a start to the week and month we are seeing so far, traders. So far, buyers have added 5.52% to the US30, taking prices back to levels not seen since last month.
Yes, it is great to see, but should we start thinking bottom? The UN is warning that we could see a global recession, with developing nations possibly seeing the brunt of the hurt. JP Morgan is also advising this might not be a bottom unless we see certain factors met.
What has been driving the selling, Inflation, rising rates, U.S. and global recession fears? Have these factors gone? US-wise, the Fed remains hawkish, and Inflation remains in play. It is not uncommon to see sharp counter rallies in downtrends, and we need to be in tune with the market to either not be sucked in early or spot a potential turn.
Bulls are definitely back in charge in the short-term, but it’s the next reaction lower that could give us some key evidence in if we are going to see a potential turn. A new higher low followed by a break of the last high would be a very good sign that a new short-term trend is starting to form.
If we see a new move back down to or below the last low would be a worry that the current trend could continue lower.
This Friday’s U.S. employment data could also be a factor for the current recovery, and we feel that traders will be paying attention to its release this Friday at 8:30 am EST.
Thanks for tuning in for today's update. We like to hear from you, so please feel free to drop us a comment. We also run weekly webinars with guest analysts.
Cfds
Shorting BTC - Sell stop via futures.BTC is showing opportunities to execute risk-adjusted short positions through futures or DMA CFDs (avoid STP brokers). No matter if BTC bounces to the upside, we could also benefit from such situation, and we can place pending orders in order to take advantage of the most likely scenario on a quantitative and qualitative level: a mid-term downtrend.
Operation:
R/R ratio: 1/2.42 (risky)
Risk mgmt: 0.65% of our portfolio risked.
Wealth mgmt: We will average probably at 15 000 with the same R/R ratio.
Timeline: 2-4 months.
Exchange: OKX.
Financial engineering: futures.
Sell stop 1: 16 950.
Stop loss 1: 19 800.
Take profit 1: 10 050.
Sell stop, stop loss, and take profit 2: We will check it in the future.
Should You Buy Gold? Yes! But Not Yet! Check It OutHello there! I want to be detailed on Gold in this analysis. I just decide to post an idea about it because I discovered something in the H4 timeframe that looks different from the other timeframes like the H1, 1D, 1W, and even the 1M, which can make some traders make the wrong decision going against the next market move. But first, I want to show you something in the monthly timeframe chart, then I will post the H4 chart to see what could happen when the Gold market opens. Look at the monthly analysis well so that you can understand what is going on now and what could happen next in the Gold market currently.
Monthly Timeframe
In the monthly chart, you can see that the Gold market has rejected the strong support level by forming a small bullish pin bar at the key support area. Warning: you must be careful here if you are deciding to sell Gold. The pin bar is not a classic kind though, it can have a bullish effect on the Gold price movement in the coming week. As a result, be very careful. Why? It's because ofe the context where the pin bar candlestick has appeared matters!
Daily Timeframe
In the daily timeframe, an engulfing candle, but not so strong, has formed at the key support level area, signaling the reversal to the upside. So, the Monday candle could close with a "wick below".
H4 Timeframe
In the H4 timeframe, there is a tendency for the price to experience a short-term bearishness, to reverse to the support level, creating a "W" or "double bottom" pattern before completely taking a rally to the upside. This means we can make sell trade decisions here and exit close to the support, not exactly at the support level though. Why the bearishness? The inside bars have formed at the key resistance level, showing a loss of momentum in the bulls of
Finally, the timeframe to pay much attention to is H4 for now because a bearish pin bar has formed in it. Take note of this and the stochastic seems to be going bearish, moving away from the overbought zone
SPY / SPXL - S&P 500 Analysis - Outlook$SPY 👀 -
💎 This chart, is a perfect example, how institutions are constantly building up liquidity (a massive of limit orders and stop losses of inexperienced/unsuspecting retail traders) to run them out (stop hunt).
💎 You see how easy it is to get caught on the wrong side of the market, if don't know how to read the charts (interpret them and forecast/anaylsis market cycles and future insititutional points of interest to be visited or revisisted.
✌️ If you're getting value out of my posts, then Follow, Share, Like, or Comment down below. 💰
#buildandgrow
📚 Updated Chart:
Could CPI data help the US30 confirm a continuation? Hi, and welcome to today’s update. In today’s video update, we’re looking at the US30 and wondering if today’s CPI could break the consolidation deadlock we are currently seeing price sitting in.
Price continues to be held in an ascending triangle pattern, and in uptrends, these are typically seen as continuation patterns. We can clearly see that price remains in an uptrend, so if we see better than expected CPI data today, could that be a driver that sets off buyers? Better than expected data could tell the market that peak inflation could be here and that rates could move into a holding phase or at least see a smaller increase.
But if we see worse than expected data, this could set the pattern up to fail, and we could see a new break lower. For now, we will look for the current trend to remain in play until we see further price action telling us otherwise.
US CPI data is due out at 8:30 am EST. Good trading, and enjoy your Wednesday.
NDX100 sellers are struggling to beat 11,780 for nowHello TradingView community, today’s video update is more to highlight an area as opposed to looking out for a potential set-up.
Tech stocks have been having a hard time of it lately, but we are seeing and watching an area between 11,780 and 11,550ish. The bottom is not exact, but after looking at the NDX100 you will see the point being made.
This area, for now, continues to reject sellers and continues to present as demand and possibly support for buyers. It’s no more than a level of interest for us at the moment. We could see price continue to hold there and perhaps push at a new move higher, or we could see sellers railroad the area.
The key for us will be if this level can continue to hold. If so, we will look for further price action to start thinking and looking for new ideas.
Good trading.
GOLD price choices, current situation 50/50, long is preferableHello my friends, today I want to talk with you about GOLD .
Gold now inside big range, accumulation zone.
At this moment price already trades above of support line after tested
now price come back and tested it and closing with good separation that's mean there's buyers in this area
volume profile confirms it
Current situation is 50/50 but for me personally long is preferable.
for now the bull scenario seems more logical.
So be ready for such scenario.
lets see
Enjoy the market
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you
Natural Gas (NATGASUSD): Did You See That Confirmation? 💨
Update for my yesterday's post on Natural Gas:
the price retested a broken supply area and I spotted a very nice confirmation.
The market broke a resistance line of a bullish flag pattern.
Now you can wait for an occasional retest to buy expecting a bullish movement at least to 5.68 level.
❤️Please, support this idea with like and comment!❤️