28-Sep-24I'm now deviating from my previous forecasts. I think we may be about to drop straight through the previous range not that we've reached the liquidity above 66K
Fractal
TSLA💹
Outlook: TSLA has been breaking bullish and currently re-accumulating. I am expecting price to continue to at least 259.36 and maybe get some scalps inside this 30m range to end the week. Need a bit of more conviction from the market inside the 6m chart. An impulse before a correction.
Bias: Bullish
GU seeming to provide a big bearish mobve for this friday 1. The week seems to have formed a high on tues which was retested yesterday thursday that it
2. the week has swept into NWOG
3. An hourly ob can be seen right around 1.38 levels
4. Expecting it to retrace till its weekly open OANDA:GBPUSD
GU seeming to provide a big bearish mobve for this friday 1. The week seems to have formed a high on tues which was retested yesterday thursday that it
2. the week has swept into NWOG
3. An hourly ob can be seen right around 1.38 levels
4. Expecting it to retrace till its weekly open OANDA:GBPUSD
XAUUSD💹
Outlook: Gold is looking a bit choppy this NY session and want it to either clear some lows and re-accumulate or come a bit higher and show some money behind it for me to look for long entries on lower time frames.
Bias: Neutral/Bullish needs time
NAS100💹
Outlook: NAS100 just came off of a large re-accumulation after a bullish run during Tokyo yesterday afternoon. Price is making its way back up above the EMAs but needs some time to show some more money coming in behind it for me to look for longs.
Bias: Bullish
27-Sep-24Price broke higher than I expected, but I'm still seeing a lot of indecision. I think we will retest the bottom of the old range before breaking to a higher high. This will squeeze the range as we head towards the end of the month, eventually resulting in a correction to $61,666 in October
26-Sep-24 UpdateThe lack of volume and failure to break GETTEX:64K on this recent bounce suggest that the range could be ready to break downward.
The market is still very undecided so I think we will bounce straight back up to touch the mid point of the range.
26-Sep-24My last two forecasts have been relatively accurate, it looks like we might be forming a megaphone as expected, but the targets and timing are now slightly different.
I think we will continue to oscillate within the range, breaking below and above to squeeze longs and shorts, before settling at about $61,000 at the end of the month
XAUUSD 9/26/24💹
Outlook: Price is looking really good breaking bullish and accumulating coming off a re-accumulation with protected lows. I wanna see price show some money coming in NY session tomorrow above the EMAs before dropping to the 6m time frame to validate price once again. But Gold is looking really good for tomorrow or Friday for longs so keeping an eye on this for sure for possible setups into continuation.
Bias: Bullish, needs time to show some money coming in above EMAs. KEEPING AN EYE OIN THIS AHHHH
NAS100 9/26/24💹
Outlook: Price is way to overextended form what it looks like a Tokyo run/continuation where you could have gotten involved. However I did not which is okay because I will be waiting for NY news tomorrow to pass where then I will look for continuation trades.
Bias: Neutral until we re-accumulate and make a pullback into the 10/20emas.
USDJPY 9/26/24💹
Outlook: Price is breaking bullish and accumulating nicely however it is over extended for my liking and would like price tomorrow or later in the week like Friday to re-accumulate into the 10/20 or 50ema even and then start another run higher where I can get involved.
Bias: Neutral until we meet re-acc rules.
MSFT 9/26/24💹
👁️ Outlook
30m Context Time Frame: Price has been breaking bullish on the daily and 5hr, however needs some time to break bullish on the 30m time frame and come above the EMAs. Once that happens and shows money coming in then I want price to re-accumulate before going down to my Validation 6m time frame but this is a good stock to look at once that happens with lots of liquidity above.
Bias: Neutral until signs of money coming in above EMAs
Keeping an eye on this. 👁️
NVIDIA (NVDA) - Bullish Momentum Fueled by AI RevolutionKey Fundamentals Supporting Bullish Bias:
1. Surging demand for AI chips driving record-breaking revenue growth
2. Launch of next-gen Blackwell architecture expected to outperform current offerings
3. Expanding market share in data center and cloud computing sectors
4. Strong cash flow and $50 billion share buyback program announced
Utilizing Probabilities for Long Positions:
As a trader, I'm leveraging probabilistic analysis to optimize my long entries on NVIDIA.
By combining fundamental analysis with probabilistic technical analysis, I aim to capitalize on NVIDIA's bullish potential while managing risk effectively.
12M:
2W:
1H:
What's your take on using probabilities in trading? Share your thoughts and experiences in the comments below! Let's discuss how this approach can enhance our trading strategies.
Have a perfect trading week! 🚀
EUR/USD Bearish Outlook: Boost Your Trading EdgeKey Fundamentals Impacting EUR/USD:
- Economic Slowdown in Europe: Recent data suggests that the Eurozone is facing economic challenges, including declining manufacturing output and rising unemployment rates, which could weaken the euro against the dollar.
- Strengthening US Dollar: The Federal Reserve's commitment to maintaining higher interest rates to combat inflation is bolstering the US dollar, making it more attractive to investors.
- Geopolitical Tensions: Ongoing geopolitical issues, particularly in Eastern Europe, are adding uncertainty to the euro's stability, further supporting a bearish outlook.
In my trading strategy for EUR/USD, I am focusing on probabilities to guide my decision-making process.
Take a look at these analyses to see the details behind this trade idea.
1W:
Hourly timeframes:
NVDA at $172.00???Disclaimer: Please note that this analysis is for educational purposes and is not a recommendation to buy or sell. I'm sharing a technical perspective based on chart patterns. Before making any investment decisions, it's always good to do your own analysis.
Looking at the daily chart of NASDAQ:NVDA , we can see that the stock is about to break out of a symmetrical triangle . Basically, what's happening here is that the price is "squeezing" between support and resistance until the moment of breakout. And when that happens, we usually see a stronger move in the direction of the breakout.
The target for this breakout is projected by measuring the vertical height of the triangle (the distance between the highest and lowest points of the pattern). We then add this value to the breakout point, which in the case of NVDA , gives us a target around $171.95 . So, if the breakout occurs, that's the range where we can expect the price to go.
However, it's worth noting that symmetrical triangles aren't always the most reliable patterns. Many analysts point out that breakouts don't always result in strong or sustained moves. This is because the triangle can form during both consolidation phases and potential reversals, and it’s not always easy to determine which direction the price will go.
Additionally, authors like Martin Pring in Technical Analysis Explained and Bulkowski highlight an important drawback: when the breakout occurs near the apex of the triangle (the final point of convergence), the resulting move tends to be weaker. This happens because, by that time, the buying or selling pressure may have already dissipated, which weakens the breakout. And this is exactly where NVDA is right now, which could make the breakout less powerful.
What do you think? Do you believe NVDA’s breakout will be strong enough to reach the $171.95 target, or could the proximity to the triangle’s apex weaken the move? Let’s discuss your thoughts in the comments!
NAS100 9/24/24💹
👁️ Outlook
30m Context Time Frame: NAS100 has been breaking billish and re-accumulated during NY open and is now surfing the emas 5,10.20. Price is looking very nice for lower time frame entries and is now headed to 20027.1
Daly Bias: Bullish
Keeping an eye on this. 👁️
BTC 9/24/24💹
👁️ Outlook
30m Context Time Frame: Price is surfing the 5/10/20emas so nice on the 30m time frame. I would personally wait for a pullback into the emas again and then go down to the lower time frames to look for entrys.
Daly Bias: Bullish
Keeping an eye on this. 👁️
25-Sep-24Yesterday's forecast has been accurate so far, but I'm no longer sure that we will reach a higher high today, but may instead drop to a lower low first. The same principle of tightening leverage above and below the range could cause liquidity hunting in both directions to briefly break below and above the range.
CRYPTO MARKET CAP NEARS 200W MA! PRE-CRASH VIBES?Hello, fellow traders! Today, I'd like to share an intriguing analysis of the Crypto Total Market Cap chart, highlighting potential areas of reversal and target zones that could shape the market's direction in the coming months.
By examining different timeframes, I've discovered an interesting scenario unfolding on the weekly chart. The price action in 2024 appears to be forming a downward channel , reminiscent of a pattern we saw back in 2019 . This analysis could provide valuable insights for anticipating future market movements and identifying trading opportunities.
In 2019 , the crypto market experienced a significant advance in Q1 and Q2 before entering a declining channel. Many of us remember what happened next: Bitcoin started moving upwards, pulling the total market cap out of the channel. This movement coincided with the onset of the COVID-19 outbreak in China, leading to a failed rally . It wasn't until February 2020 that we witnessed signs of a market turning point, followed by a substantial crash during the global lockdown.
Fast forward to today, we're noticing similar patterns:
$2.5 Trillion Level: This level mirrors the failed rally point of 2020 and serves as a critical resistance area. A break above could signal bullish momentum.
$1.0 Trillion Level: This zone might act as a potential "surprise" support level in the event of unexpected market downturns.
Additionally, the 200-week moving average is acting as a significant support line. We might see the price spike below this average briefly during high volatility but expect it to recover above shortly after.
What are your thoughts on this setup? Do you think we're heading towards a failed rally similar to 2019, or are we on the brink of setting new all-time highs? Could external factors influence the market as they did back then? Share your insights and let's discuss!
Remember, the crypto market is highly unpredictable. Protecting your capital through proper risk management is crucial. A fundamental strategy is to risk no more than 1% of your capital per trade.
If you found this analysis helpful, please like and follow for more in-depth market insights. Stay tuned for future posts where we'll explore emerging trends and potential trading strategies. Happy trading!
Analyze XAUUSD Price Action in All Scales Part 2Let's Looking at XAUUSD Price Action and Read all Scales of the Market for finding some Trade Opportunities, Good Luck With Your Trades <3
