That was quite a slaughter today, wasn't it? So I'll say it right away: this analysis is no joke. I assume that today's sell-off heralded an imminent rally that will soon take us to new all-time highs. Because from a technical perspective, today we have only touched the 38.2% retracement of the upward movement between August 5 and August 22, 2024. Bearish doomsday...
Market as been been breaking structure to the upside which solidify that we have transitioned to an uptrend. Now market is making a pull back probably into a SnR zone that was created earlier at 0.382 fib. When market gets to our confluence zone then we can look a buy signal. Remember always use BULLISH CANDLE STICK PARTERN TO ENTER THE TRADE
liquidity taken out, no retested demand zone, resting liquidity lower, no retest seen on trendline. Reason to be bearish.
Looks like we are at long term resistance. it is getting rejected multiple times. We already reached 1.61 level, we might retrace back 50% to $455 or $413. Look at the negative divergence in long term RSI, that's bearish. Any new ATH can be shorted I guess. As rates are coming down, we might make one more ATH and then we might retrace back to the support in the...
Good Evening and I hope you are well. tl;dr Indexes - Huge bear surprise today. The strength of the selling was absolutely unexpected. Bulls closed August at the very high and had all the arguments to print new ath but as of now, this selling is different and new highs are now very unlikely. Most daily charts printed a huge outside down bar, closing at the lows...
Good Evening and I hope you are well. tl;dr Oil - Huge day for the bears. Both bull trend lines I had on my daily chart are now broken. 70 should be bigger resistance for now though. I expect the market to go sideways 69.5 - 71 for more time before another impulse. If bears manage to get below 69.5 tomorrow, that would bring 67 in play and really bad for the...
Price printed a Head and Shoulders pattern in early August and has since started to decline quite sharply. With Tuesdays candle having now pulled back to the moving averages, we could now start to see sellers enter the market once more to test the previous low at 1.7668 and then major support at 1.7450 if selling continues.
If you don't count in fiat currency, we haven't seen the 2021 high exceeded yet (In relation to the stock market) 📝The current picture in Technical analysis, against the positive fundamentals, will ruin the traders who will soon start shorting Bitcoin. But that's normal, their liquidations are fuel for further growth. 📝Everything is going according to plan, and...
A lower low can be considered bullish when taking into consideration the broader market, "marketwide action," together with additional market signals. When we have a feeling of what is happening around us, we can interpret even bearish signals as bullish, if the data allows for this interpretation. A signal that needs no such interpretation is the higher low. A...
XLF hitting major resistance. JPM hitting major resistance. Financial have been putting a very strong bid under the SPY & IWM If financials are topping here i do think it will be a major headwind for the market. I'm watching to see if the Fed rate cut becomes buy the rumor sell the news!
IF daily candle close above 2475, then buy to 2524, if alse it break 2524 buy to 2582.
My fellow traders, I hope this Tuesday is treating you so nicely and so great that you may feel inspired to make the right move. To make the right choices because the market is wide and varied and everything goes. We are seeing some altcoins moving sideways, we are seeing cryptos literally crashing while we are seeing many, many going up. But these "going up" are...
Financials have been one of the leading and strongest sectors on the back of rate cut narratives. The resilience and strength can easily be observed... XLF has been making new highs despite the QQQ & SPY not. Now it begs the question; is all the rate cut priced in? We think financials are set for some downward rotation. If this rotation occurs it opens up...
Join our community and start your crypto journey today for: In-depth market analysis Accurate trade setups Early access to trending altcoins Life-changing profit potential Hello everyone, Let's analyse BTCUSDT in daily Timeframe!! Bitcoin is currently trading within a defined pattern. The recent low volume and weak momentum has been driving the price...
From what we can see it appears that we are just at the beginning of a bear move here and that might be quite an aggressive move. pay attention to the $550 level here and if we stay at that or below it, we should a steep curve to the bears in the next few days here.
Dollar index has started to rise again now it's time for indexes to cool off.
Nat gas showed some poise today. Holding green in a red market where most commodities saw negative price action. This is impressive to see because Nat gas has a long historical trend of diverging from many commodities. The price action today also saw a red to green reversal further emphasizing the positive potential trend shift. Nat gas stocks were...