Fractal
Accumulation, Manipulation and DistributionPrior to overcoming the 4-hour rejection block, price formed a consolidation phase, indicative of accumulation. This was followed by a volatile bullish move that successfully mitigated the rejection block, entering a manipulation phase.
Subsequent price action led to a displacement, clearing the swing. Currently, we observe a bearish sentiment, anticipating a corrective hike to fill the imbalance and respect the fair value gap at 1.51200. The fair value gap shall be our entry with the demand zone at 1.50200 as the target from this expected distribution phase delivery…
XAUUSD💹
Outlook: XAUUSD needs to show some conviction on the 30m while inside this 5hr IC for me to be interested in longs because at the moment the 30m is bearish so staying away until then.
NY session bias: Bullish for NY tomorrow as long as we stay inside this 5hr IC range. And show some conviction on the 30m.
1-Oct-24 UpdateThis is a minor update to my previous forecast. I'm modeling the arrow path from the blue fractal, which shows a period of high volatility followed by a short squeeze. The fractal is placed with the x axis aligned with the recent drop, and the y axis aligned with a break of 67K after the period of volatility.
This indicates that we will return to the mean first, then break the latest low to access the liquidity pool there. After a bounce and correction we should find support and continue to break 67K
1-Oct-24Price has broken to a third LL as we begin the new month. I'm expecting some ranging volatility at this level to shake out the liquidity, before a retest of the previous HH at $66,666.
NAS100💹
Outlook: NAS100 has been breaking bullish and accumulating creating a Impulse and correction on the 5hr chart and is inside this 5hr range. Price is currently in a discount range and has shown a impulse/ money coming in on the 30m chart. For NY session I want to see price inside the 5hr range I have here and I want to see price show an impulse on the 30m time frame before going down to my 6m time frame.
NY session bias: Bullish price is currently showing some money coming in for Tokyo but we will see how price looks like after London session. Good luck tomorrow! we have news at 1:55am EST so I will be trying to get positioned before news into continuation for higher prices.
TSLA💹
Outlook: TSLA has been breaking bullish and accumulating nicely. Price made a bigger re-accumulation the last 2-3 hours but we are still inside this 5hr bullish impulse range. I will be looking for longs on TSLA if they present themselves/
NY session bias: Bullish/ re-accumulating looking for longs NY stock exchange open.
30-Sep-24 Update 2The basis of this forecast is my idea that price is likely to break FWB:67K around the end of the month. The prediction then answers when and how.
I think we will oscillate within the range first, before gradually climbing to break FWB:67K as September ends.
Neutral, either we close with a full body or a wickZones to watch
Either close in any of it with full body and then we wait for retest or close with a wick and look for a reserval
30-Sep-24 UpdateI think we're likely to see some liquidity hunting as the market remains undecided approaching the end of the month.
We could see multiple breaks above and below the range to access the liquidity pools that have accumulated there.
Once we're a few days into the new month we should find support around the middle of the range before continuing the uptrend.
30-Sep-24Price is lingering while being overextended. This could result in a volatile uptrend that posts higher highs and higher lows while also experiencing unusually high volatility.
29-Sep-25Price is lingering at low volume after an impulse wave. That suggests that the market is undecided again, so we could see another megaphone. I think we'll get one more failed breakout attempt before price drops to retest the 50% of the impulse (blue fib).
I'm then expecting for a spike to catch out any shorts before dropping down to break the previous LL.
XAUUSD💹
Outlook: Gold has been accumulating now re-accumulating inside our 5hr impulse range I-C. Is starting to show some money coming in but we need a valid correction before dropping down to our lower time frames 6m to start looking for the next I-C. Will definitely take a look at gold once price show this next week.
Bias: Bullish/re-accumulating needs time
OP & ALTs Resistance While I remain very bullish on crypto and alts I think this recent pump is not quite the true breakout.
I like the OKX:OPUSDT chart because it's price action has been a nice cheat sheet/ indicator for where the crypto market is. Significant peaks are usually the tops and clear support zones are usually the bottom in the market.
OP here seems to be replaying the same structure as last year. If it breaks out of this zone then perhaps alts are on the verge of the ultimate breakout. But in the past the major breakouts usually happen after a slow and gradual drift higher.
The timing can be off but just using last year as a guideline.
These sharp moves higher are usually shorts getting liquidated and longs jumping in from short term perp leverage traders which can be unsustainable for the true breakout back to ATH or new highs. There are exceptions like BINANCE:SUIUSDT
where it shorts get liquidated, longs pile in, and lots of late spot fomo buying occurs.
What invalidates this is if BTC creates a god candle breaking the 70k level from here and doesn't slow.
It makes a little more sense to me if we see alt season towards very EOY or towards the very beginning of 2025 if crypto as a whole shows strength here in Q4.
KO (Coca-Cola): Ready to Bid on the PullbackIn our last analysis on Coca-Cola, we discussed waiting for the right opportunity to bid on $KO. We believe that opportunity has just presented itself. The stock has seen a solid surge over the past month, which is impressive for a defensive stock like Coca-Cola. The price has now tapped the trendline we mentioned previously, suggesting a possible chance to long the intra wave ((iv)). The RSI is currently heavily overbought, which further aligns with our expectation of a pullback, and Coca-Cola has also respected the 161.8% Fibonacci level quite well so far.
Our plan involves making two entries for this setup. First, we aim to bid at the 38.2% level within the support zone, and if the price continues downward, we will place a second bid at the golden pocket level around $61.24. This two-step entry strategy will allow us to use Dollar Cost Averaging (DCA) to lower our average entry price.
Ideally, before reaching our target entry zones, we would like to see some kind of a three-wave corrective structure develop in NYSE:KO , which would further confirm our entry strategy. We will continue to monitor and provide updates as we approach the levels of interest.
Analyze NZDUSD Chart in All ScalesLet's Look at NZDUSD Chart and Analyzing Price Action to Read The Market of this Chart and Find Some Trade Opportunities, Good Luck With Your Trades <3
28-Sep-24 UpdatePrice dropped as forecast, but not very far and under low volume, so it looks like there could be room for one last short squeeze.
The next liquidity target is the big even above $66,666 at $67,000.
We might only see a wick to that level, or we could linger, but I think the drop after that will be steep.
Analyze USDCAD Chart in All ScalesLet's Look at USDCAD Chart and Analyzing Price Action to Read The Market of this Chart and Find Some Trade Opportunities, Good Luck With Your Trades <3
Analyze AUDUSD Chart in All ScalesLet's Look at AUDUSD Chart and Analyzing Price Action to Read The Market of this Chart and Find Some Trade Opportunities, Good Luck With Your Trades <3
Analyze USDJPY Chart in All ScalesLet's Look at USDJPY Chart and Analyzing Price Action to Read The Market of this Chart and Find Some Trade Opportunities, Good Luck With Your Trades <3
Analyze USDCHF Chart in All ScalesLet's Look at USDCHF Chart and Analyzing Price Action to Read The Market of this Chart and Find Some Trade Opportunities, Good Luck With Your Trades <3
TOTAL3-USDT - RISK ON - ALTSEASON IS HERE!This will be the most important Weekly Close of the cycle for Altcoins.
TOTAL3-USDT has shown a “3 White Soldiers” pattern and broken out of its Bull Pennant and Bull Market Support Band.
RSI has also flipped bullish.
The last time this happened Q4 2020, Alts ripped ~1,100% over a 1 year period.
This rally has been fueled by the Fed announcing a massive 50 Bps Rate Cut, with PBOC doing the same shortly after.
More rate cuts are expected November 6th and December 17th to push risk even further.
Get ready for all your normie friends to start messaging you asking for crypto advice.
I personally have experienced this the past week.
SHIB Major Trend. 09 2024Logarithm. Time frame 1 week.
Line chart , without market noise.
Secondary trend. Channel Zone.
