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11/12/23 SPX Weekly Outlook#SPX #DailyReview #WeeklyOutlook: Last week was a weird week with the drop on Thursday and then price on Friday setting the Weekly Low and high. Dollar moved up the entire week pretty slowly but the Bonds pulled back and that caused the buy on Friday. Tuesday we'll have CPI and Wednesday we'll have PPI and Retail sales. Then Thursday we will have Unemployment Claims so that will definitely move the markets on those days for sure. #1 Taking the PWH should be the first move and we might see price move into this 4H+FVG to move higher from there. #2 Selling for now isn't an option at the moment but taking the sell into the +FVG on the lower time frame may be a move on the 15m chart and below. 4H chart
BLACKBULL:SPX500
by Cory4rex
11/12/23 US30 Weekly Outlook#US30 #DailyReview #WeeklyOutlook Took out the PWH and traded into a W-FVG up to the mid point at 34300.6. The 1H/4H+FVG is sitting right at the W-FVG(L) at 34098.9 and if we move up this is likely where I may look for a move up. Tuesday we'll have CPI and Wednesday we'll have PPI and Retail sales. Then Thursday we will have Unemployment Claims so that will definitely move the markets on those days for sure. #1 main goal is the PWH for an initial upside move #2 Pushing down into the +FVG that is the downside move on the LTF but, I want to see if the move is pushing down to move up from there. 4H chart
FOREXCOM:US30
by Cory4rex
BTC possible next move.here is my insight on BTC, as expected BTC did bounce in the zone I placed from my previous analysis. BTC might try to go range, or try the highs because of the divergence in lower timeframe before going down to retest the support. I placed the possible entry for long: 1. previous high 2. 50% of the previous gap. Ofcourse this might go lower, touch the middle of the channel maybe. Overall I'm still bullish but still expecting some pullbacks before going up again. #BTCUSDT This is not a financial advice, It is not 100% guarantee, and I only share base on what I see. Still DYOR, and TYOR ^-^! just giving you a possible next scenario in my perspective. Happy trading everyone, hope you will have a profitable year.
by itsmeharuru
What is ICT Power of 3?Power of 3 at work on Gold producing a 8.6RR move on 30/06/2023 FOREXCOM:XAUUSD Ict power of 3 is a strategy that reveal the market maker algorithm model for price delivery. Power of 3 simply means there are 3 things market makers algorithm do with price in ever trading days. Those 3 things are; Accumulation, Manipulation and Distribution. AMD: A: Accumulation M: Manipulation D: Distribution 1. Accumulation: They accumulate liquidity through the delivery of a ranging market. The purpose for delivering a ranging market is to induce both buyers and sellers to enter the market thinking that price will go in their direction. 2. Manipulation: After accumulating both buying and sell orders, they then manipulate the market to further induce another set of traders which are breakout traders. But, that particular manipulation move is not their intended direction for the day. They only use it to gather liquidity, Which will then lead them to the next action which is to move and distribute price in their real direction for the day. 3. Distribution: After manipulating price to a particular direction different from their plan, they then distribute price to their original intended direction. e.g to buy, they will first sell the market and then buy at the discount price level. Example of Power of 3 on Gold AMD: A: Accumulation M: Manipulation D: Distribution Accumulation : Price range during Asian session, accumulating liquidity on both sides of long and shorts. Manipulation : Price broke the low of the accumulation during London session to take out sell side liquidity and then fill the previous day imbalance. Distribution : Price move away from the FVG leading to a shift in market structure on 5m time frame, plus a short pull back, follow by a massive move to the upside during the New York session to take out buy side liquidity above.
FOREXCOM:XAUUSDEducation
by Elijahenoch7
2
30/10/23 Weekly outlookLast weeks high: $36748.0 Last weeks low: $33314.9 Midpoint: $29881.7 Bitcoins crazy rally continues after smashing through the 32k resistance that has limited BTC's progress all year. After 18 months and multiple HTF attempts to reclaim the level the bulls have managed it, and by doing so a FVG has been created. This FVG starts at 31850 and ends at 32500, which is the HTF S/R level. I've said before I'd like to see a retest of this level to see if this rally is serious in the long run or if it's more of a fakeout. That retest would also see price fall below the supporting trendline. This isn't the end of the world but it does give an indication that the bulls are running out of fuel and that the trend may be turning. For now it's a no trade zone while we're experiencing LTF chop between the midpoint and 0.75 range line. It's also worth noting that SBF is taking the stand in court currently. This may not mean much but it only takes one comment for the market to react.
by ProR35
ES | Oct. 23, 2023 - Weekly FVG, NWOG, and BreakerUsing the 15m bellwether chart for ES, we observe price opening higher creating a nice new week opening gap (NWOG). At the 9:30am open, a Judas swing takes out London sell-side liquidity before rallying to take out the 8:00am swing high, closing above the high forming a bullish breaker. Price continues to climb into the NWOG and retraces back down into the breaker and into the fair value gap (FVG) providing a clean entry for the ICT 10 - 11am Silver Bullet. Price continues to run higher, trading above the NWOG and showing support as it ultimately trades into the consequent encroachment (CE) of the weekly FVG. Throughout the NY PM session, price fell back through the NWOG, touching the breaker one last time before closing and consolidating at the NWOG's CE.
CME_MINI:ESZ2023
by tristanlee85
Weekly Outlook - SPX 10-22-23 Weekly Chart: We gapped up last week only to trade near last week's high and into the W-FVG(MT). Price failed to continue the move up. We are down for the month and this week's candle has opened inside of last week's candle. Staying bearish for now with last week's low at risk PWL and 10/2-10/6 PWL as well. Getting a bullish short term move into the last up close candle would be where I'm looking for setup unless we go after the PWL first. Weekly Chart: Daily Chart: Opened to the upside is likely my short term bias and I'm okay with seeing prince move into the D-FVG above Friday's PDH. However, just given the proximity oof Friday/PWL (previous week low) this is the first place at risk to be taken out. 10/4 is holding the next PWL target if Friday's PWL is taken out. Daily Chart: 4H Chart: As we push up short term, I'll be looking to see how price pushing and if we reach into this 4H-OB during the over night sessions. That will be my first POI to determine how we setup Monday morning. We don't have a swing low from the weekly to the 4H so far so this still plays into this pushing to the downside a bit more. 4H Chart: 1H Chart: Short term focus will be how we move, if we move into this 1H-FVG, take out the +LP above Friday's closing session high, or if we move immediately after the PWL. Overall I'll be paying attention to the short term move but looking to see if I can get into a HTF setup. 1H Chart:
BLACKBULL:SPX500
by Cory4rex
BIG Potential Long For Gold/ XAUUSD This Week !Weekly Candle has bounced off the weekly support area. Daily candle closed bullish engulfing after Fridays Non Farm Payroll numbers were released. This supports a bullish bias going into the new week. We can expect a continuation to 1850 and 1862 in the next couple days. 15 Minute chart has taken sellside and then given us a market structure shift as annotated. The market structure shift has caused displacement and left behind an FVG which was then tapped into on Friday post NFP. We have a new untapped fair value gap which resides below the equal lows on the 15 minute chart. This is likely the next draw on liquidity before the next move to the upside. I'd like to see price sweep the lows and then run for the breakout of the m15 bullish flag that is currently forming. A breakout will be the confirmed entry in to the run for 1850 and 1862 which is the next H4 FVG / imbalance area. Hope you guys catch this great opportunity with me. Shakeel_SS.FX
OANDA:XAUUSDLong
by Shakeel_SSFX
SOLANA LONG TERM (1D)Solana is in the news of late due to the worry that FTX will have to sell their holdings in SOL and Solana based altcoins. Solana tokens account for $128m out of the $1.5b in assets on the Solana network held by FTX. The fear is that a dump of these coins would be detrimental to the altcoins price. For me the chart is simple. When we look at the 1D chart there is a clear mini range we're working with. Large wicks at the high and low of the range, at the midpoint there is a small bearish FVG just above. I believe this is where we will trade for the remainder of this year. Now that we're at the 0.25 line and looking to react off it, I could see a retest of the midpoint, and if a SFP after tagging the FVG I would look to target the demand zone for a long term hold. For the next bullrun Solana is definitely a large cap alt that is set up to be one of the top gainers. With an ATH of $260, we are already at a great long term hold entry point. However, the best spot buy is in the demand zone. A sweep and reclaim would be great for the bull run to come. The supply zone may be difficult to fill in the next few months, given the FTX news, general market/macro sentiment and recession fears. I would expect a retest to come in Q1 of 2024. If we don't tag the demand zone and move into the supply zone that would be a good short opportunity in my mind. Overall, this is a complicated matter. The token itself has huge potential to reach its ATH in the coming years, but Solana must weather this storm successfully in order to get the chance to reach its potential. Buying blood and being patient will be rewarding.
by ProR35
Weekly Bias for SPX - 10/1/2023Weekly Chart: Traded into last week's bearish engulfing candle and then took out its low. Traded into a +POI (W+FVG), wicked near MT at 4236.6 Weekly Idea: Because we are bearish but entered into this +POI, with may get a bounce but would look to see if the PWL is taken out for a continuation lower. For now, I'm 505/50 on this mainly because of the W+FVG. A bullish scenario would need to be revisited Daily Chart: Price took out the PWL and set a low on the Daily in the W+FVG, however, price bounced from the area without making a new high. This is logic to stay on the downside for now. Another thing to note, Friday's close is at the mid point of the weekly range, Weekly high 4347.4, Weekly Low 4243.2, and Weekly mid point 4295.3, finally Weekly close/ Friday closing price 4295.3. Daily idea: Because of the close and the price failing to make a new high this give reasoning to at least look for the price to take out the PDL and -LP ( $ trend line liquidity) with best case scenario, price taking out the PWL. A bullish scenario would need to be revisited 4H Chart/Idea: We have a 4H-OB and 4H-FVG, one the LTF, do we have price return to mitigate this area? The +breaker is hold price up for now and this will be the first thing that I look at for a response of what price decides to do. The low was made in a +POI, a +OB but will it hold?
OANDA:SPX500USD
by Cory4rex
10/2/23: Sell Setup on SPX10/2/23: Sell Setup: I was looking for a continuation set up on SPX. TK/SY session set a small range that held London but was taken out in the premarket session. This left a 1H/15m-FVG set up with a -OB on the 1H. Price trades into the 15m-FVG (L) and pushed down and failed to make a new low followed by EQLs being set in NY open session. Once the EQLs were made we traded back into the 15m-FVG(MT) and tapped into the mid point. I didn’t see the clean enter in the 15m but the 5m chart gave a great entry that I missed. My targets were the PDL, EQLs/Thurs PDL, and PWL. No entry on the setup, had two attended two meetings back to back and I had to present on the calls. This was the 1st set up I was looking for but I was on a work call and miss this one. This gave confirmations on the 5m/15m charts and this would have been a trade that would have hit the first target of 4274.08 then BE on the remaining. This was the second entry I was looking for, higher into the 15m-FVG. NAS was also reaching into its own FVG which gave me a more validation this was a good setup. But as soon as we passed the mid point at 4297.80 it tanked without confirmations on any of the LTFs, even as far as the 1m chart. This was the final entry, later than I would normally be looking for anything but also no confirmation and this was a good thing because the price could not take out the low and pushed back up off to the DL. Sell Entry: 4293.05,4297.80, 4284.39 SL: 4300,4303.65,4293.05 Targets: 4274.08, 4263.03,4238.23 We’re pushing up for now, we have NY session high, Weekly opening price, and Friday PDH 15m chart:
BLACKBULL:SPX500Short
by Cory4rex
Weekly Bias for DXY/GU - 10/1/23Weekly Chart: DXY and GU both have reach POI, on DXY a W-OB and on GU a W+FVG. In this scenario, I'd be looking for DXY to see how we respond to the PWH if we fail to take it out and trade back into last week's range, I'll look to the downside potentially. If we trade through it, the +LP at 107.993 will be the next draw. GU will have to deal with the W+FVG and the YOP which may be a tough task. Weekly Idea: DXY's strength be the thing I'm watching. This is a good area to fall from and that will spring GU to the up side. A fall lines up with the YOP holding price up on GU. However, if we take out the high on DXY, GU reaches into the YOP Daily Chart: The first draw is the PDH on DXY and the PDL on GU. We will need to pay attention to how the engulfing candles made on Thursday on DXY/GU are handled and this will be a range that the LTF will need to deal with. 4H Chart: DXY has a small 4H-FVG but the one above it is the one I'm interested in. The PDH has already been taken out and the response to the highs are what I'm looking for. On GU, the PDL hasn't been taken yet but its at risk so, I'll be looking at how price reacts to all of the +POIs (D+FVG,4H+Breaker, and the 4H+FVG, 4H+OB). If DXY fails to push through PDH, well look for price to trade into the 4H+FVG and and the same time I'll be looking at price inside of the 4H-FVG on GU.
by Cory4rex
Weekly Bias for Nas100 - 10/1/2023Weekly Chart: Price took out the PWL and the August low into a W+OB and we did close positively for the week. We did create the low of a W-FVG (not drawn but, it's there) and price closed near the middle of the weekly range, Weekly High 14906.5, Weekly Low 14429.3, Weekly Mid point 14667.9, Weekly close 14741.8. Weekly idea: Price took out lows into the W+OB but for now there is a W+FVG below that may be the target. If we take out the PDL, this will be my target into the the W+FVG(H) near 14232.7. In order to turn bullish I will need to see a high taken out and I'll want to see what price does inside the W-FVG. Daily Chart: Price traded into a D-FVG and set the high near the D-FVG (MT) and left a huge wick with a Friday close near the Mid point of the Weekly range. We took out the bearish engulfing made on Tuesday but by Friday we traded back into it. Daily Idea: Price leaving that large wick will cause for me to look at how price response to the close, middle and high of the candle. Do we fail inside this wick or take out the high? This is the question I'll be looking to answer. If we fail, I'll be looking to take out the PDL and THURS PDL. If we take out the high, price should close the D-FVG and trade into another D-FVG just above (not drawn) with the low near 14974.1. 4H Chart: Price left a 4H-OB inside the daily wick and the low was made inside a 4H+FVG(H) 14661.5. There is a +CHOCH above THURS PDH and the this is my hesitation to go full on bearish on the short term. There is also a 4H+Breaker that Friday could not take out as well. 4H Idea: I want to see if price will take out the 4H-OB or the PDL
FOREXCOM:NAS100
by Cory4rex
CPI 13/09/23 CORE CPI (YoY): PREVIOUS: 4.7% FORECAST: 4.3% In the last 5 months of core cpi results, 3/5 actuals have equalled forecasts, with the last 2 months both coming in below forecast. This month is predicted to have the biggest percentage drop out of those previous months. CPI (YoY): PREVIOUS: 3.2% FORECAST:3.6% When looking at the CPI numbers in the same previous 5 months, 5/5 results have come in lower than forecast, could this be 6 in a row? This month we have conflicting forecasts with core CPI going up, but CPI dropping at the same time. With price hovering around the previous Higher Low, I'm interested to see if any event news volatility could cause a print of a lower low on the 1D timeline for the first time this year. Even if it's just a wick and not a full close on the daily, this could confirm a new HTF bearish bias. Added confluence for this would be the loss of the bullish trendline in red. Weeks of consolidation under that area after a bearish retest plus all 3 EMA's suggesting downtrend, Bitcoin has a lot of work to do. The large FVG needs filling at some point, and it looks to be on its way there currently. I'm always cautious going into these big news events, the first move is usually wrong so remember that.
INDEX:BTCUSDShort
by ProR35
2