Economic Cycles
SOYBEANS - Are We Close to a Major Bottom? Cycles Say YES.Here is what I am currently watching for SOYBEANS.
-We need to be aware that there is a major bullish divergence setup (not trigger) developing on the quarterly & monthly charts. We need to pay close attention to this setup, because if triggered/confirmed, it implies a massive move up for Soybeans would be on the horizon.
-Interestingly, the Weekly chart has confirmed bullish divergence. The first target (1090) has not yet been hit, but in my opinion, it looks probable that Soybeans will hit that target (and possibly go as high as the second target (1179). This implies that I believe Soybeans is likely to rally at least 5% in the near future, and possibly rally as much as 10% from current price levels.
-I will be aggressive with taking profits on any short setups that present, due to the bullish weekly divergence that has triggered.
-Utilizing the Weekly MAC & Valuation methods, I note that this market is in an area where we can look for H6/Daily short trades. As mentioned in previous paragraph, I will utilize more aggressive targets.
-The cycles for Soybeans...wow, they are quite something. Decennial cycle suggests significant low being put in, APZ's suggest major low around October 4th, major 5 year cyclical low RIGHT NOW. Other temporary and permanent blended cycles suggest a major low right now. Composite of the 3 most similar years of price action also suggest a major low could happen soon, with a major rally to March 2025.
-A combination of the cycles and the major timeframe bullish divergences have me leaning somewhat towards calling a possible major bottom in the Soybeans market. I would prefer to see commercials COT positioning support this idea, which makes me think maybe we get another nice selloff into the August lows before the real bottom is in. But time will tell.
NKE in an Uptrend, but OBV Shows Negative DivergenceD isclaimer: This analysis is for educational purposes and does not constitute a buy or sell recommendation. The goal is to share a technical perspective based on classic technical analysis concepts for traders and investors. Always make investment decisions with caution, taking into account your own analysis and risk tolerance.
I’ve noticed that NYSE:NKE is in an early-stage uptrend, and according to John Murphy in the first chapter of his book Technical Analysis of the Financial Markets (page 4):
"It is assumed that a trend in motion is more likely to continue than to reverse."
However, I’ve also observed a negative divergence between the price action and the OBV (On-Balance Volume).
As Martin Pring describes in his classic Technical Analysis Explained, Volume II: Volume Indicators (page 555):
"OBV, therefore, offers a rough approximation for buying and selling pressure and has become a very popular indicator."
In NKE’s weekly price chart, we’ve seen a higher high compared to the previous top, but the OBV has not confirmed this movement, which could be a warning sign.
Given this divergence, t he strength and continuation of this uptrend come into question. If buying pressure is not sustaining the current price movement, it could signal trend fatigue or a possible short-term correction. Will the uptrend continue, or does this OBV divergence suggest a potential reversal or weakening of the trend? The question remains whether buying strength will be enough to sustain this rally in the coming weeks.
What do you think? Does the OBV divergence make you concerned about NKE’s uptrend? Share your thoughts in the comments, and let’s discuss the possible scenarios!
META - Still Bullish, But Major Sell Signal LoomingHere is what I am watching on META.
-Like many of the other high flying stocks in the US, the Quarterly, Monthly & Weekly charts are flashing divergence sell setups. Bulls need not be too worried yet, as these divergence sell setups have not yet confirmed. However, the astute trader must be aware that these setups are looming, because if they confirm, they imply a minimum 15% move to the downside for Meta.
-We are bullish on any pullbacks into the 446 to 495 range (Monthly & Weekly MAC lows). These are considered Buying opportunities and valid areas to look for entry triggers on entry timeframes.
-Cycles suggest a cyclical high right around now, heading into a significant cyclical low in early to mid October (possibly into November). I'd like to see this cycle play out to have price trade down into the Monthly/Weekly MAC lows, where we will be ready to hunt entry triggers to the long side.
Amazon - Buying Pullbacks & Cyclical High Expected SoonHere is what I am watching on Amazon.
-We need to be aware that there is bearish divergence setting up on the quarterly, monthly & weekly charts. HOWEVER, this divergence is not yet confirmed, and is therefore not actionable trade intel at the present moment. We need to monitor these divergences, because if they confirm, they imply significant price moves in Amazon share price.
-MAC strategy for the Quarterly, Monthly & Weekly charts remain bullish. Any pullbacks into the bottom of the MAC are BUY opportunities. I do not blindly buy the bottom of the channels, but utilize lower timeframe entry techniques at these levels to trigger into a position. We are still BULLISH Amazon.
-Cycles suggest that Amazon could put in a cyclical high any time between now and October 10th, before putting in a major cyclical low at the end of October. I would like to see this play out to provide us with nice buy opportunities at the bottom of the MAC's.
Google - Looking For Sell Triggers Around 171This video provides an overview of the things that I am watching for Google right now.
-We need to monitor the quarterly, monthly & weekly divergences that are currently setup, but not yet confirmed. These are not actionable right now, but they definitely need our attention. If confirmed, they imply some very significant moves in this market.
-We can see that the Monthly is still bullish, and we had a monthly MAC entry confirm on the Daily on September 13th. This trade still has not hit its targets, with the first being 169.69 (what a great number). The second target being 180. I would not be surprised to see Google trade up to 169.69 sometime soon.
-The Weekly chart is confirmed bearish for the MAC strategy. What this means is that any rallies into the weekly MAC high are opportunities to sell on the H6 chart. I'll be looking for sell triggers if price trades into the 171 level (Weekly MAC high).
-Threw in some cycles, for fun.
Have a great week.
Apple - High & Intermediate Term AnalysisToday, we look at Apple utilizing a variety of techniques: Divergence, MAC & Cycles.
We need to keep an eye on the quarterly, monthly & weekly bearish divergences that are occurring. They have not yet triggered, so bulls don't have to worry (yet). But we must keep our eyes on these divergences, because if they trigger, they imply significant downside ahead for Apples share value.
We take a look at the MAC and see that there is a case to be made for some further upside this week, and based on todays state of the indicators, longs are favored on any pullbacks to the MAC on the Daily chart.
Cycles show a bit of a mixed bag of possibilities. I'm most interested in the Decennial pattern and the APZ's.
Let me know if you have any questions.
Eye Keypoints for Potential Reversal (Technicals + Fundamentals)In the past several weeks, we've observed the following market movements:
1. First Uptrend: Over 23 weeks (161 days), the price increased from around 64 to 124 with a substantial volume of 438.94M.
2. First Downtrend: Following this, the price declined over 11 weeks (77 days) from 124 to 108, with a volume of 237.994M.
3. Second Uptrend: The price then rebounded over 18 weeks (126 days) from 107 to 168, supported by a volume of 319.661M.
Currently, we are in the 11th week of the latest downtrend, where the price has decreased from 168 to around 140, with a volume of 282.442M.
Key Insights:
The current downtrend mirrors the previous downtrend in duration (11 weeks) and volume.
The proximity of the current volume to past downtrends suggests we may be nearing a reversal point.
If historical patterns hold, we might anticipate a potential price rebound beginning within the next week or two.
Next Steps:
Monitor for an increase in volume (towards the 300M+ range) to confirm a reversal signal.
Target a potential price high of around 200 to complete this cycle if the upward trend resumes.
Furthermore , if we expect a dividend of 30 Rs next year and the expected interest rate is 15% , then the target price based on the dividend can also be calculated as follows:
Target Price = Expected Next Year Dividend / Expected Next Year Interest Rate
Target Price = 30 / 0.15 = 200 Rs
Conclusion:
While the current short-term trend is bearish (11 bars area), the increased volume hints at a possible reversal soon. With a projected dividend of 30 Rs next year and an expected interest rate of 15%, the target price based on dividends would be 200 Rs. This fundamental target supports the technical signals suggesting potential upward movement. Proper risk management and self-study should be incorporated.
AVAX scalp in H1📊 Analysis by AhmadArz:
🔍 Entry: Wait for a bullish confirmation around $26.80.
🛑 Stop Loss: Below $26.45.
🎯 Take Profit:
- TP1: $27.46 (Close 50% position)
- TP2: $28
- TP2: $28.88
- Re-entry: Consider around $25.00 for another position.
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💡 Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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Cycle Analysis - Dollar IndexI am SETUP to hunt long TRIGGERS in the DX this week based on the COT strategy.
So I thought I'd look, do cycles support the COT strategy looking for Longs?
It turns out, they do.
Decennial & Annual Predictable Zones (APZ's) supportive of up move to Early/Mid October
Intermarket analysis finds a striking 60.9% correlation to DX's current price action to that of the price action found in 1991. Based on the intermarket analysis, we expect a major cyclical low sometime around now.
The long term blend of the 51.5 month & 581 day cycles show a major cyclical low should be around the corner for DX.
The short term blend of the 20.6, 29.9 & 115.6 day cycle is supportive of longs until a short term cyclical high early-mid October.
Cyclical Analysis - Heating OilIf you follow my channel, you know that I am long Heating Oil, and am looking for more entries long, based on my COT strategy setup.
Today, we look at Heating Oil through the lens of cycles. Do cycles support the COT Buy Setup?
As you will see, there is some compelling cyclical data that is supportive of the idea for Oil to rise to October 10-20, and then decline before putting in a major cyclical low in December.
BITCOIN BULLMARKET📊 In technical analysis, the most important time frame is always the highest one. For Bitcoin, it’s the yearly time frame.
🔴 Historically, after a red yearly candle, Bitcoin follows with three green ones. Don’t be swayed by macroeconomic fears or geopolitical conflicts.
🚀 The Bitcoin bull market is here, ticking like a time bomb. Any moment, it could explode, and the crypto market will follow.
🎯 Protect your capital, invest with a solid entry/exit plan, and manage risk wisely. Success comes from discipline and executing your plan to the letter.
BTC in trend📊Analysis by AhmadArz:
🔍Entry: 62.200
🛑Stop Loss: 61.658
🎯Take Profit: 62.654 - 63.170 - 63.840
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
These Market Structures Are Crucial for EveryoneIn this article, we will simplify complex market structures by breaking them down into easy-to-understand patterns. Recognizing market structure can enhance your trading strategy, increase your pattern recognition skills in various market conditions. Let’s dive into some essential chart patterns that every trader should know.
Double Bottom / Double Top
A double bottom is a bullish reversal pattern that occurs when the price tests a support level twice without breaking lower, indicating strong buying interest. This pattern often suggests that the downtrend is losing momentum and a potential uptrend may follow. Conversely, a double top signals a bearish reversal, formed when the price tests a resistance level twice without breaking through. This pattern indicates selling pressure and suggests that the uptrend may be coming to an end.
Bull Flag / Bear Flag
A bull flag is a continuation pattern that appears after a strong upward movement. It typically involves a slight consolidation period before the trend resumes, providing a potential entry point for traders looking to capitalize on the ongoing bullish momentum. On the other hand, a bear flag forms during a downtrend, signaling a brief consolidation before the price continues its downward movement. Recognizing these flags can help traders identify potential breakout opportunities.
Bull Pennant / Bear Pennant
A bull pennant is a continuation pattern that forms after a sharp price increase, followed by a period of consolidation where the price moves within converging trendlines. This pattern often indicates that the upward trend is likely to continue after the breakout. Conversely, a bear pennant forms after a sharp decline, with the price consolidating within converging lines. This pattern suggests that the downtrend may resume after the breakout.
Ascending Wedge / Descending Wedge
An ascending wedge is a bearish reversal pattern that often forms during a weakening uptrend. It indicates that buying pressure is slowing down, and a reversal may be imminent. Traders should be cautious as this pattern suggests a potential downtrend ahead. In contrast, a descending wedge appears during a downtrend and indicates that selling pressure is weakening. This pattern may signal a bullish reversal, suggesting a possible upward breakout in the near future.
Triple Top / Triple Bottom
A triple top is a bearish reversal pattern that forms after the price tests a resistance level three times without breaking through, indicating strong selling pressure. This pattern can help traders anticipate a potential downtrend. Conversely, a triple bottom is a bullish reversal pattern where the price tests support three times before breaking higher. This pattern highlights strong buying interest and can signal a significant upward move.
Cup and Handle / Inverted Cup and Handle
The cup and handle pattern is a bullish continuation pattern resembling a rounded bottom, followed by a small consolidation phase (the handle) before a breakout. This pattern often indicates strong bullish sentiment and can provide a solid entry point. The inverted cup and handle is the bearish counterpart, signaling potential downward movement after a rounded top formation, suggesting that a reversal may occur.
Head and Shoulders / Inverted Head and Shoulders
The head and shoulders pattern is a classic bearish reversal signal characterized by a peak (head) flanked by two smaller peaks (shoulders). This formation indicates a potential downtrend ahead, helping traders to identify possible selling opportunities. The inverted head and shoulders pattern serves as a bullish reversal indicator, suggesting that an uptrend may follow after the price forms a trough (head) between two smaller troughs (shoulders).
Expanding Wedge
An expanding wedge is formed when price volatility increases, characterized by higher highs and lower lows. This pattern often indicates market uncertainty and can precede a breakout in either direction . Traders should monitor this pattern closely, as it can signal potential trading opportunities once a breakout occurs.
Falling Channel / Rising Channel / Flat Channel
A falling channel is defined by a consistent downtrend, with price movement contained within two parallel lines. This pattern often suggests continued bearish sentiment. Conversely, a rising channel indicates an uptrend, with price moving between two upward-sloping parallel lines, signaling bullish momentum. A flat channel represents sideways movement, indicating consolidation with no clear trend direction, often leading to a breakout once the price escapes the channel.
P.S. It's essential to remember that market makers, whales, smart investors, and Wall Street are well aware of these structures. Sometimes, these patterns may not work as expected because these entities can manipulate the market to pull money from unsuspecting traders. Therefore, always exercise caution, and continuously practice and hone your trading skills.
What are your thoughts on these patterns? Have you encountered any of them in your trading? I’d love to hear your experiences and insights in the comments below!
If you found this breakdown helpful, please give it a like and follow for more technical insights. Stay tuned for more content, and feel free to suggest any specific patterns you’d like me to analyze next!
Getting Ready for a Strong Bull Market in ETHBTC!🚀 The pair seems to have bottomed out, and the arguments are increasingly favorable for an upward movement: 88.89% Bullish vs. 11.11% Bearish.
Bullish Arguments:
Monthly Bullish FVA
Monthly Discount Array
Weekly swing low being disrespected
Daily swing low being disrespected
Daily Bullish FVG respected
Daily swing high being disrespected
4H swing high being disrespected
4H swing low being disrespected
Bearish Argument:
Monthly PCL being respected so far.
🔍 We are on the verge of a bull market. Remember to manage your risk and be masters of your emotions! Don’t hesitate to take profits and, most importantly, learn from your mistakes and successes.
Let’s go for it! 💪
$BTC Historic ATH's / FibsNew discovered Fibonacci channel: '22 Lowest - current ATH
The visualization of these channels enhances awareness regarding upcoming potential price reactions.
Fibonacci Channels as Roadmaps: Utilizing Fibonacci ratios, steep channels delineate clear zones where Bitcoin has historically found support or encountered resistance. These ratios, fundamental to the Fibonacci sequence, are critical in estimating areas where price movements are likely to stall or reverse.
Fib ratios splits the cycle into its phases:
Bitcoin 1H UpdateMEXC:BTCUSDT
Apparently a correction has been started.
The high of the structure confirmed by touching the IDM.i.
If the 1H candle closed lower than IDM.i,
we may expect price to drop further to the DP.i / ENG.i / EX.i
otherwise the IDM.i grabbed and make a SCOB for us to enter another Buy Position and the target one is the high of structure (63850) and the second target is the MPL zone (64460).
P.S: In the DPs & ENGs zones and grabbed IDMs we MUST get a confirmation signal to enter position which is SCOB or lower time frame (LTF) ChoCh. (EXs are confirmation-free entries)
I will update Bitcoin regularly..
Take Care
Aurio
Bitcoin / #Russell2000 📝The index of small companies is known for being highly dependent on bank financing. Therefore, of course, he is the main beneficiary of cheaper money after the rate cut.
👀What we see about correlations, CRYPTOCAP:BTC bull markets, coincide with the movement of this index as you can see, in the green zone on the Spearman indicator,
💡We can also see that Russell 2000 is far from its ATH, which is also a bullish sign, because small companies in the stock market grow quite predictably with GDP growth and increased liquidity, and in the current state is far from overheated.