Silver/XAUUSD ~ Daily Swing Chart (Oct 2023)TVC:SILVER chart mapping/analysis for med-long term swing trade strategies.
Cfdtrading
Crude Oil ~ 4H Swing V2 (Sept-Oct)Updated 30/09/23:
- Revised up-trending parallel (green)
- Added down-trending/consolidation parallel (white)
- Added horizontal lines (yellow/dashed) to mark upper/lower range (94.239-87.829)
Everything else stays the same (chartist holy grail lol).
Notes:
- Further write-up on Daily Swing V2 Chart
- Faded out longer TF parallel lines (light blue)
TradingView has a sh*tty chart bug where any trend-lines drawn on longer TF become misaligned when you switch to shorter TFs.
Temporary workaround = set "Opacity" on affected lines to "0%" before publishing & restore afterwards so you don't have to manually erase/re-draw...just remember where you drew them to begin with lol.
DXY/USD ~ 4H Intraday Swing (Oct 2023)TVC:DXY chart mapping/analysis for intraday & short-term swing trade strategies.
DXY/USD ~ Weekly Swing Chart (Oct 2023)TVC:DXY chart mapping/analysis for med-long term swing trade strategies.
Gold/XAUUSD ~ 4H Swing Chart (Oct 2023)TVC:GOLD chart mapping/analysis for short-term swing trade strategies.
Gold/XAUUSD ~ Daily Swing Chart (Oct 2023)TVC:GOLD chart mapping/analysis for med-long term swing trade strategies.
Crude Oil ~ Daily Swing V2 (Sept-Oct)Updated 30/09/23:
- Revised up-trending parallel (green)
- Added down-trending/consolidation parallel (white)
- Added horizontal lines (yellow/dashed) to mark upper/lower range (94.239-87.829)
Everything else stays the same (chartist holy grail lol).
CAPITALCOM:OIL_CRUDE has done an amazing job respecting its upward parallel channel since June.
Could see period of consolidation (foreshadowed by prev price action) into lower trend-line before deciding whether to push higher towards Golden Fib (break upper trend-line), or capitulate to global recession fears & collapse towards 200DMA/23.6% Fib, TBC.
Price action would be biased towards upside given OPEC+ bullish manipulation, however OPEC+ would also be hyper-vigilante on excessive Crude Oil prices which could threaten demand destruction - hence why they opted to review production cuts on a monthly basis to maintain price/economic stability.
UK100: Continuation watchToday's focus: UK100 Index
Pattern – Continuation Pattern
Support – 7629 - 7588
Resistance – 7720, 7916
Thanks for checking out today's update. Today, we have run over UK100, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis.
The primary focus of today's look at the UK100 is the current uptrend, forming a new higher low in today's session. This continues to push the case for a new leg high from buyers. Resistance at 7720 is the first big test, and if we can see a new move up, this level needs to be cleared to break the current range.
If today's fightback from 7629 support fails, we could see a move that may try to retest the range base. We will be watching Price and mainly Buyers over the next several sessions to see if we get a breakout.
Good trading.
Copper ~ 2H Intraday Chart (Sept-Oct)CAPITALCOM:COPPER chart mapping/analysis for short-term & intraday trades.
Copper ~ Daily Swing Chart (Sept-Oct)CAPITALCOM:COPPER chart mapping/analysis for med-long term swing trades.
Crude Oil ~ 4H Swing Chart (Sept-Oct)CAPITALCOM:OIL_CRUDE chart mapping/analysis for short-term swing trades.
Crude Oil ~ Daily Swing Chart (Sept-Oct)CAPITALCOM:OIL_CRUDE chart mapping/analysis for med-long term swing trades.
ASX 200 ~ 2H Intraday Chart (Sept-Oct)CAPITALCOM:AU200 chart mapping/analysis for short-term & intraday trades.
ASX 200 ~ Daily Swing Chart (Sept-Oct)CAPITALCOM:AU200 chart mapping/analysis for med-long term swing trades.
US100 ~ 2H Intraday Chart (Sept-Oct)CAPITALCOM:US100 chart mapping/analysis for short-term & intraday trades.
US100 ~ Daily Swing Chart (Sept-Oct)CAPITALCOM:US100 chart mapping/analysis for med-long term swing trades.
Crude Oil ~ Intraday Inverse H&S PopCAPITALCOM:OIL_CRUDE inverse H&S development on 15min chart, TBC.
Breakout above ~91.10 for confirmation. Capitulation below ~89.50 (right shoulder) invalidates pattern.
TP target ~93.50 upper trend-line confluence.
US100 ~ 4H Bullish Pennant (1H update)CAPITALCOM:US100 tapped & held above confluence.
US Flash Manufacturing & Services PMI release could bring in some big swings in either direction...however intuition tells me majority of implied volatility will manifest next week with US data points:
Wed - CB Consumer Confidence
Thurs - Final GDP (q/q) | Unemployment Claims
Fri - Fed Chair Powell Speech | Core PCE Price Index (m/m) | Revised UoM Consumer Sentiment & Inflation Expectations
Play-by-play looks the way..
US100 ~ 4H Bullish PennantCAPITALCOM:US100 consolidating in a bullish pennant formation.
Trend-line + 23.6% Fib confluence support.
Jan 2023 parallel channel / lower range secondary support.
TBC.
US2000: Thoughts and AnalysisToday's focus: US2000
Pattern – Descending Triangle Pattern
Support – 1840
Resistance – 1870
Thanks for checking out today’s update. Today, we have run over US2000, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis.
The Russel isn’t a market I normally watch or trade, but the descending triangle pattern did catch my eye today. Overall price sits in a range, but it has broken a trend on the inside and set up a LH. These patterns are normally seen as bearish after a trend break, but support looks rather firm at this stage.
With the FOMC coming up later this week, watch out for a false breakout lower that closes higher. This could set up a higher breakout. If sellers continue to push at support, look for a solid close-through support with a new failed rally that sets a new weekly low.
It’s going to be interesting to see which side gets the win here.
Have a great day and good trading.
NDQ100: Thoughts and analysisToday's focus: NDX100 Nasdaq
Pattern – Higher lower support point (LH Inc)
Support – 15,320 - 14,690
Resistance – 15,520 – 15,822
Thanks for checking out today's update. Today, we have run over the NDX100 on the daily chart. We have started with the overall picture and worked our way into the current short-term perspective with things we are watching and levels we view as important.
Over the subsequent few sessions, we feel that 15,520 support is key for buyers, and we would like to see them not only hold that area but form a rally that can retest 15,320 resistance. A break could get the short-term trend back up and running, but a good close below that support level could suggest the up trend could be in danger, and we may even see a new move back down to test 14,690 if sellers can really get going.
Have a great day and good trading.
upcoming short In Nasdaq/ US100In the upcoming week, I will continue searching for potential short opportunities. I am also interested in Nasdaq to trade in weekly FVG
Nasdaq: support bounce to feed new continuation?Today's focus: NASDAQ (NDQ100)
Pattern – Continuation
Support – 15,015
Resistance – 15,435
• The Nasdaq led US indices on Monday, adding 1.05%
• Could this be the start of a new continuation higher?
Hi, and thanks for checking out today’s analysis. Today, our focus is on the NDQ100 index, and we are watching to see if yesterday’s rally and support hold could be the beginning of a new continuation pattern. In our last report, we discussed whether price could return to the main trendline after breaking its fast trend.
From here, we want to see buyers continue to push forward. Today’s retail sales at 8:30 could be a factor, and we feel that overly strong data could hurt stock indexes. A move back to support would be a worry and could show that buyer strength is not that strong currently. If we we see price continue to rally, 15,435 could be a first test.
Another news item to watch this week will be the FOMC meeting minutes. Buyers will be looking for a dovish tone from the Fed to help support upward momentum.
Have a great day and good trading.
