CNQ is between two major weekly supply (@ 44.55) and demand (@ 39.82) zones. Considering the trend is down, any relief rallies can be sold until price reaches weekly demand. At the moment, the weekly downtrend has paused and moved into a ranging environment. Zones of Interest: Supply: 45.56 & 47.14 Demand: 40.31
WEED is in a weekly uptrend with nearest significant weekly demand at 37.19. Buying at current prices is not advised. On the daily, the upward momentum has been broken creating a range. Due to Weekly trend, longs are still favoured at lower prices. Zones of Interest: Demand @ 52.45 Supply @ 65.81
Over the long term Namaste's stock looks bullish, however currently it is in a weekly and daily range. Significant weekly demand resides @ 2.11. Zones of interest: Demand @ 2.00 Supply @ 3.21
ACB's Significant weekly demand @ 8.93. Longs are favoured but not at current price level. Look for pullbacks into weekly demand. Zones of Interest: Demand @ 8.61 and 6.49 Supply @ 14.07.
Significant demand to buy @ 8.94 inside weekly demand. Waiting for this price level to begin positioning for the long term. For now, any buys are counter trend. Zones of Interest: Demand @ 14.07 and 13.64 Supply @ 16.00 and 17.27
Price Altitude: Middle Daily Trend: Range 4H Trend: Down Analysis: Daily supply is in control and it has removed a daily opposing demand. Biased towards the short side. Prediction: Continue moving lower into daily demand. Price Points of Interest: 4H supply inside daily @ 7432.8 4H supply @ 7399.4 4H demand inside daily @ 7217.3 This analysis is...
Price Altitude: High Daily Trend: Down 4H Trend: Range Analysis: daily supply is in control, price is ranging between two daily zones. Prediction: continue to move lower into 4H inside daily demand. Price Points of Interest: 4H demand @ 269.51 4H supply @ 306.40 This analysis is meant to be educational, inspirational and confirming of your own...
Price Altitude: Middle Daily Trend: Down/Range 4H Trend: Up Analysis: daily demand is in control with the current downtrend turning into a range on the daily. Prediction: continue to retrace into 4H demand inside daily. Price Points of Interest: 4H demand inside daily @ 6086.2 4H supply inside daily @ 7001.0 This analysis is meant to be...
Price Altitude: Low Daily Trend: Range 4H Trend: Down Analysis: Price is in an ugly range on the daily with much whipsawing. Only look to trade the extremes of the range. Prediction: Continue ranging until one side breaks the range. Price Points of Interest: 4h Supply @ 1.31532 4h Demand @ 1.30276 This analysis is meant to be educational,...
Price Altitude: Middle Daily Trend: Down 4H Trend: Range Analysis: Price came off an old daily supply (noted in the previous post) and has moved to continue its way lower. Supply side is in control at the moment. Prediction: Continue its way lower due to re-alignment with the daily down trend. Price Points of Interest: 4h Supply @ 111.219 4h...
Price Altitude: Middle Daily Trend: Down 4H Trend: Up Analysis: Price bounced off the 25% resistance line and is retracing upward into two 4h Supply zones to re-align with the higher timeframe down trend. Prediction: Continue the retrace upward. Profit margin for longs is disappearing. Price Points of Interest: 4h Supply @ 0.66646 4h Supply @...
Price Altitude: Middle Daily Trend: Down 4H Trend: Up Analysis: Daily demand is in control with a strong retrace up yielding a 4h uptrend. Note the move up is realigning with the higher timeframe downtrend. Prediction: Continue its way north to realign with higher timeframe supply. Price Points of Interest: 4h Supply inside daily @ 0.74193 4h...
Price Altitude: Middle Daily Trend: Down 4H Trend: Range Analysis: Daily demand is in control. Price bounced off and is slowly grinding its way upward. Expecting much whipsawing. Prediction: The move higher is very choppy and slow. I expect to see a range bound environment until a break higher or lower occurs. Price Points of Interest: 4h Supply...
Price Altitude: Middle Daily Trend: Down 4H Trend: Up Analysis: Daily demand is in control. Price bounced off it and is heading upward to realign with the higher timeframe down trend. Prediction: Continue retracing upward until there is a re-alignment with the higher timeframe downtrend. Price Points of Interest: 4h Supply @ 1.4405 4h Supply @...
Price Altitude: Low Daily Trend: Down 4H Trend: Down Analysis: XAUUSD has been sold off again creating supply zones and removing demand zones. Follow the trend after retrace back up. Prediction: Since price is currently low on the price altitude, it is not to our advantage to short at its current position. I would wait for price to retrace back into...
Price Altitude: Middle Daily Trend: Down 4H Trend: Range Analysis: BTCUSD is currently in a tight range on the 4h timeframe. It is basing high on price altitude (around 75% line). Prediction: Continued range environment with a bias toward more downside should the range break. Price Points of Interest: 4h Supply @ 6446 4h Demand @ 5908 4h Demand @...
Price Altitude: Middle Daily Trend: Down 4H Trend: Down Analysis: NZDUSD sold off last week and has moved lower in a parabolic fashion without a retrace. In my opinion the pair is over extended and due for a pullback this week. Prediction: Since price hit 25% resistance line, I anticipate a pullback into one of the two highlighted 4H supply zones...
Price Altitude: High Daily Trend: Range 4H Trend: Uptrend Analysis: USDCAD rallied last week and has now reached a large daily supply level starting @ 1.31550. In the process it has formed demand zones. Since we are in a range on the daily timeframe, it is always advantageous to trade the extremes and ignore the chop in the middle. Prediction: Overall...