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Demand Zone

AMD ~ Heavy Demand Area AMD, the semiconductor leader, and monstrous Tech Company has taken a very big hit on its stock in the past 12 months. AMD Has issued guidance worries on demand woes and earlier, supply woes. No matter these shorter-term issues that are going on within AMD, and in the Macro-Outlook of the Economy, AMD is attracting and will be attracting many buyers at these much more fair-valued prices. As AMD has continued to fall it has hit a significant Trendline that has acted as strong support for the past year's downtrend. Along with this trendline tap, AMD continues to enter a major demand zone from pre-covid levels. The High $40s to $60 will remain a very demand-heavy spot for AMD as many buyers step in. Long Term buyers and bounce Buyers are anticipating for a bounce off these trendlines, and possibly a bottom near this solid demand zone. AMD's p/e ratio has fallen dramatically to around 20, resigning a fair price to the company's stock rather than the high $100s. Many Buyers will be seeing value at this price. My thesis is that this can be a smart Long-Term Entry for scale-ins on the company's stock. Buying at these demand levels will carry lower risk/reward with AMD reaching fair value, and a huge demand zone. I personally believe years out, this is a perfect acquiring zone to start!
NASDAQ:AMDLong
by ZachSap
4
XAUUSDHello traders. Gold is continuing to create Higher Highs and preseserves Higher Lows. If you look on the left of past chart depiction, the area of 178x has been considered a former resistance like the 179x. Finally, the price last August touched 1803 level and fell vigorously. So, every possible entry at these levels could be profitable. But, the safest place to place the SL I strongly believe is above 1803 area. We all know what gold can do with spikes. Regarding of spikes, the price action is indicating the weakness to go higher for short - term. Traders Dynamic index has created a divergence with Price movement, but this doesn't mean that it will sell immidiately. It can go further for some time, this is the reason I consider both 179x and 180x nice areas for sell - close to the Daily supply zone, where many pending orders will be open. A break above 1812 I think it may push price higher to 1840 - 1860 levels. 1750 area can be considered a safe zone for first TP and maybe a good entry for buys but the main key area is 1730, for strong buy. Breaking news some moments ago informed humanity about a missile attack to some village of Poland. If this was not an accident and it was made by design, prepare to see gold rocketing above ATH!!! Good luck!
FXOPEN:XAUUSD
by The_Forex_Path
BTC: Bounces Face Formidable ResistancePrimary Chart: Daily Logarithmic Chart Showing Anchored VWAPs, 34-Day EMA, Trendline Previously, SquishTrade discussed why BTC's downtrend cannot reverse given that sellers remain in control as defined by the volume-weighted average price starting at the all-time high. That discussion is contained in the post linked below. Supplementary Chart A Some may respond that any downtrend cannot reverse if sellers remain in control, so why state the obvious? Trends end via a process. A downtrend requires a bottoming process and an uptrend requires a topping process. So for a downtrend to reverse, it remains important to see buyers starting to take control on different time frames. For example, in a downtrend, buyers may often take control temporarily on smaller degrees of trend during a bear rally—such as the bear rally in BTC from June to mid-August 2022—only to realize that sellers remain firmly in control on a larger degree of trend (such as the primary trend). When sellers remain in control on larger degrees of trend, then buyers will inevitably lose control eventually on the lesser time frames when bear rallies end. The Primary Chart shows how BTC's price remains well under the VWAP representing the primary trend (red) anchored to the all-time high, as well as the down trendline covering the same period. But other VWAPs are also looming overhead and sloping downward including the VWAPs anchored to the March 28 swing high (gold), the June 18 low (black), and the September 21 low (green). BTC has chopped within a tight trading range since mid-September 2022. This appears to be consolidation, a typical occurrence after powerful and sharp trend moves. Markets and instruments that have trended strongly in a given direction need time to digest that move. Chop occurs, trapping both sides of the market, frustrating bears and bulls alike with persistent moves in both directions that quickly fail and reverse. Over the summer since the June 2022 lows, BTC has chopped and consolidated as shown in the chart below dated from early October 2022. Notice the abundance of failed breakouts and breakdowns around that key $19,246 level. Supplementary Chart B Note that this choppy consolidation range has continued despite equity indices falling precipitously in September and October 2022 to new YTD lows. After tracking (or correlating) to some extent with major equity indices like the Nasdaq 100 this year, BTC's price has remained relatively sideways while indices have continued to fall into mid-October. Now that equity indices are rallying, BTC still remains stuck in the same range, though this could change at any time. Below is a chart of BTC's trading range as of October 21, 2022—notice how BTC has chopped very tightly for around the .786 retracement of its summer rally. This chop has lasted since mid-September 2022. Supplementary Chart C Taking a somewhat broader perspective, the chop has lasted since June 18, 2022, lows. The Primary Chart shows the major five-month support and resistance levels as blue rectangles. Price has been unable to leave this zone since the YTD lows. The downtrend line on a logarithmic chart has held as resistance since the all-time high November 10, 2021. Even the shorter-term downward trendline from May 2022 has been unbroken as resistance. On larger time frames, therefore, the picture remains quite negative for BTC. And even on lesser time frames, BTC's price has remained relatively week, unable to stay above the VWAPs from the June and September 2022 lows. One need not look only at the technical evidence from BTC's chart to find obstacles to a major trend reversal in the near future. Additional hurdles stand in the way of BTC reversing its trend in the near future (though bear rallies are not precluded), which include the following: 1. A meteoric rise in interest rates this year that is unlikely to stop pressuring risk assets any time soon. SquishTrade will reference the 10-year yield from the US as a reference for rates in general, but many interest rate charts in other countries look similar. The sharp upward trendline in rates (TNX charts below) from early August 2022 to present date explains in part the selling pressure seen broadly in equity indices around the world. This upward trendline has not been broken to the downside yet. Supplementary Chart D.1 Even if interest rates need time to consolidate and pullback to digest this massive move, the larger term picture suggests the trend may be upward for the longer term. Consider the chart below, published with apologies for the unpleasant appearance and implications. It shows a very long-term breakout in yields above a 40-year downtrend. This appears significant. Though a retest of the trendline could occur, the longer-term implications are that rates will be higher for longer, a refrain repeated by the central bank in the US and elsewhere in recent months. Supplementary Chart D.2 The next chart shows that a corrective pullback in yields could occur in the near term based on momentum divergences and relative weakening despite higher highs in the rate. The %B indicator shows that price is piercing the upper band (set at two standard deviations from the mean) less deeply, showing that higher highs in price are actually relatively weaker and lower highs from a standard-deviation viewpoint. Supplementary Chart D.3 Finally, given the strength in momentum on a monthly basis, yields are very likely to continue to remain strong in the coming months even if a corrective pullback occurs. Momentum hit a 40-year high on RSI (monthly chart below): Supplementary Chart D.4 2. Inversion of the yield curve, which has some predictive power in forecasting times of slowing economic growth and even recessionary periods. The chart below shows the spread between the 2-year and the 10-year yield, which remains below zero, indicating that the 2-year has remained persistently above the 10-year, despite its significantly shorter duration. This presents a departure from the normal relationship between these two yields, and in bond-market parlance, is called an inversion. This inversion has persisted for about 4 months since July 5, 2022, though there was also a brief inversion in April 2022. Supplementary Chart E The yield curve will tend to tell the market when the central banks may be ready to pivot. The central banks will not pivot because market participants think the pivot is nigh when markets are severely oversold. As of October 2022, the yield curve has remained inverted for quite some time. The inversion has deepened during the summer months, but now the inversion is simply persisting with the spread percentage chopping up and down and ultimately moving sideways on the chart shown above. 3. Crypto market cap just broke below a long-term trendline. While trendlines can be messy and require adjustment, a break of a longer-term trendline like this does not bode well for crypto in general. Perhaps this is just a whipsaw break, and time will tell. And perhaps BTC will be the relative winner, as some have argued, despite crypto overall continuing to decline. SquishTrade will not make such a prediction but remain a follower of what the charts are saying. When BTC's charts begin showing structural change and a primary trend reversal, and rates begin declining at the larger degrees of trend, the conversation can certainly shift to a more positive one for this asset. Supplementary Chart F ________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
BITSTAMP:BTCUSDShort
by SquishTrade
20
EURUSD Potential Trade Idea | 9 November 2022Hi guys! Chern Yu back again. I will be talking about a potential EURUSD potential trade idea to long. Price is currently retracing back into the demand zone where we can look for potential longs. WIll be awaiting confirmations in the lower timeframe: 1. Break of Structure 2. Sweep of Liquidity 3. Mitigation of market inefficiencies 4. Tapping of the demand zone The more the confluence, the better it will be. If there are no confirmations to take the trade, this trade idea is invalid. Do leave a comment below and a boost! Happy to answer any questions you guys have.
Long
by Jon_Jones_Junior
NIFTY 50 for tomorrow - 8TH NOVEMBER 2022Nifty opened with a huge gap today @ 18215( vs. yesterday's close @ 18127). The index saw a sell-off in the first hour of the trading, followed by weakness in the next following hours as well, and made a low of 18064. Though it recovered post 1.30 p.m and was able to close near the day's High. Today's candle: Long legged Spinning candles Candle Interpretation: Long-legged candle at highs, suggesting increased volatility and increased risk of buyers trapping at highs. Since all the time frames still look good and the price is also positive, one can still hold their long position but with strict stop loss, and it's better to play light in the current market price scenario. IMMEDIATE SUPPORT: 18160 - 18166 IMMEDIATE RESISTANCE: 18200-18240
NSE:NIFTYLong
by manuagarwal21
Brent could trade higher only if...Energy prices climbed on Friday as Brent reached the 92.60 price level and WTI climbed a high of 98.75. This move higher was due to the weakness of the DXY and the anticipation that China was ready to reopen borders, spurring demand for oil. However, as China reiterates its intention to maintain its current Covid policy, both Brent and WTI are retracing lower from last week’s climb higher. Look for the completion of the retracement before a continuation of the uptrend. The prices could test the key resistance level of 97.00 for WTI and 102.00 for Brent, if prices clear above the immediate resistance of 94.00 and 100 respectively.
TVC:USOILLong
by JinDao_Tai
S&P 500 E-mini FuturesSupply and Demand Supply and Demand is one of the core strategies used in trading. It focuses on the ancient laws of supply and demand and how price moves in a free-flowing market. The foundation of this strategy is that the amount of an instrument that is available and the desire of buyers for it, drive the price. It identifies zones on the chart where demand overwhelms supply (the demand zone ), driving the price up, or where supply overwhelms demand (the supply zone ), driving the price down. Most supply and demand traders wait for the price to enter these zones, where major buying or selling activities have taken place, before entering a long or short position themselves. I MOSTLY DO DAY TRADE BASED ON THESE ZONES. THE TIME FRAME I PREFER IS 2 MIN AND 5MIN TO TRADE THESE ZONES.
CME_MINI:ES1!
by bilalcista
GBPNZD I LONG from 1 hr. DemandWelcome back! Let me know your thoughts in the comments! **GBPNZD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
10