J200 Pre-Open Market Analysis [24 OCT 2024]Guideline Theory Study
How to trade using the support and resistance, risk management
Keylevels
US's Resilient Economy Attracts European InvestorsHello!
Chart Explanation & Indicators
EURUSD has been bearish since the weak higher high on 25 September. You find this level in the upper zone. When MACD crossed to the bearish side on 30 September, EUR started a spectacular crash into the bottom zone. EUR pierced the bottom zone and now sits on the trendline. Historically, EUR rallied from this trendline on 27 June and 02 August, as the red circles demonstrate. Rising trendlines, however, tend to break downward eventually. MACD has an active bearish cross and a definite bearish trend. Momentum is growing more hefty to the bearish side. Bears could target the white zone at $1.088 or lower.
Technical Zones
There are two horizontal, red rectangular zones on the chart. The upper zone and the bottom zone . The bottom zone contained support levels where the EUR could bounce on 16 August and 12 September and hit the resistances of the upper zone. However, the EUR lost the support zone. The bottom zone might have become another resistance. The price sits on a rising, red support trendline now. The next zone that might function as a support is around $1.088.
Conclusion
The setup suggests a short position. The price resting on a supportive trendline casts a shadow on the suggestion. The signal might be bearish, but the entry doesn't seem ideal. I'll wait for the setup to change for a new assessment or the price action to align with the setup to catch a neat entry.
Thankfully to all followers,
Ely
SPX $ Key Levels | Day Trading Stats 70%+ AccuracyNew price targets for Sep 26 using Statistics and Data to drive a 70%+ historical accuracy.
Topics:
- Upside Target
- Downside Target
- Support & Resistance
- High of Day
- Low Of Day
- Session Stats
- News Release Times
Overall we use stats and data pulled from a wide array of TradingView indicators and scripts so that I can have as much data as possible - even if it's unstructured or uncorrelated data. I then use AI and SOP's to systematically calculate a weekly and daily framework. My predictions are never 100% but ALL of them are mathematically proven to be 70%+ accurate historically or I wouldn't use them.
Most indicators I use on my Data Dashboard chart has the stats in their associated boxes that I show during the recording if you'd like to verify yourself.
Please leave me feedback as I am new to creating content and would like to improve.
Personally I use these targets in combination with ICT Concepts to trade.
Nothing I say is Financial Advice - Previous performance does not guarantee future success.
SPX Key $ Levels | 70%+ Accuracy! | WednesdayNew price targets for Sep 25 using Statistics and Data to drive a 70%+ historical accuracy.
Topics:
- Today's Targets
Overall we use stats and data pulled from a wide array of TradingView indicators and scripts so that I can have as much data as possible - even if it's unstructured or uncorrelated data. I then use AI and SOP's to systematically calculate a weekly and daily framework. My predictions are never 100% but ALL of them are mathematically proven to be 70%+ accurate historically or I wouldn't use them.
Most indicators I use on my Data Dashboard chart has the stats in their associated boxes that I show during the recording if you'd like to verify yourself.
Please leave me feedback as I am new to creating content and would like to improve.
Personally I use these targets in combination with ICT Concepts to trade.
Nothing I say is Financial Advice - Previous performance does not guarantee future success.
SPX Key $ Levels | 70%+ Accuracy!New price targets for Sep 24 using Statistics and Data to drive a 70%+ historical accuracy.
Topics:
- Today's Targets
Overall we use stats and data pulled from a wide array of TradingView indicators and scripts so that I can have as much data as possible - even if it's unstructured or uncorrelated data. I then use AI and SOP's to systematically calculate a weekly and daily framework. My predictions are never 100% but ALL of them are mathematically proven to be 70%+ accurate historically or I wouldn't use them.
Most indicators I use on my Data Dashboard chart has the stats in their associated boxes that I show during the recording if you'd like to verify yourself.
Please leave me feedback as I am new to creating content and would like to improve.
Personally I use these targets in combination with ICT Concepts to trade.
Nothing I say is Financial Advice - Previous performance does not guarantee future success.
SPX Data Market Analysis | ICT | Sep 19Pre Market Analysis for Sep 19'th using Statistics and Data to drive a 70%+ historical accuracy with all analysis methods.
Inner Circle Concepts Trader using Stats to analyze the stock market.
Topics:
- Yesterday's Results
- Today's Projections
SPY In-depth Technical AnalysisA detailed technical analysis with Key Levels of support and resistance, expectations on the price action and trend.
Do your analysis and research as well while trading with these 3 simple tricks.
Identify entry, get in the trade, get green, get out.
Rinse Lather Repeat. Stay positive and Strong
Keylevels to watch for BTCIf we see a 1d candle close under 53k we should expect more bearish momentum
If we continue to move to the upside this will be our first Higher Low on HTF
SOL is so clear!!! Follow me!!SOL has a very attractive position, as you can see it can have a heavy drop after climbing to the specified area.
Tank you for subscribe and like me
Psychological Levels and Round Numbers in Technical Analysis
When traders analyze the key levels, quite often then neglect the psychological levels in trading.
In this article, we will discuss what are the psychological levels and how to identify them .
What is Psychological Level?
Let's start with the definition.
Psychological level is a price level on a chart that has a strong significance for the market participants due to the round numbers.
By the round numbers, I imply the whole numbers that are multiples of 5, 10, 100, etc.
These levels act as strong supports and resistances and the points of interest of the market participants.
Take a look at 2 important psychological levels on EURGBP: 0.95 and 0.82. As the market approached these levels, we saw a strong reaction of the price to them.
Why Psychological Levels Work?
And here is why the psychological levels work:
Research in behavioral finance has shown that individuals exhibit a tendency to anchor their judgments and decisions to round numbers.
Such a decision-making can be attributed to the cognitive biases.
Quite often, these levels act as reference points for the market participants for setting entry, exit points and placing stop-loss orders.
Bad Psychological Levels?
However, one should remember that not all price levels based on round numbers are significant.
When one is looking for an important psychological level, he should take into consideration the historical price action.
Here are the round number based levels that I identified on AUDUSD on a weekly time frame.
After all such levels are underlined, check the historical price action and make sure that the market reacted to that at least one time in the recent past.
With the circles, I highlighted the recent reaction to the underlined levels. Such ones we will keep on the chart, while others should be removed.
Here are the psychological levels and proved their significance with a recent historical price action.
From these levels, we will look for trading opportunities.
Market Reaction to Psychological Levels
Please, note that psychological levels may trigger various reactions of the market participants.
For instance, a price approaching a round number may trigger feelings of greed, leading to increased selling pressure as traders seek to lock in profits.
Alternatively, a breakout above/below a psychological level can trigger buying/selling activity as traders anticipate further price momentum.
For that reason, it is very important to monitor the price action around such levels and look for confirmations .
Learn to identify psychological levels. They are very powerful and for you, they can become a source of tremendous profits.
❤️Please, support my work with like, thank you!❤️
notable price points if we are moving into recover the zone -61kalways gotta have a plan ... just some price points to look out for and keep and eye on. for scaling into this zone during the retest.
bulls say: until 61k is broke it doesn't even matter
bears say: give me 40k
neither so be able to talk anyway so its irrelevant for trading
AUDUSD DOUBLE TOP PATTERN SHORTWe expect further downside on this pair, signalled by the formation of a double top. We can also see the breakout of a short-term trendline and key level which further supports our bearish directional basis.
$XBT 4H | IdeaBITMEX:XBT 4H | Idea
OTF traders are iniating price changes above VAH. If we continue to close at this level with 4H candles, it will go to the new ATH otherwise I’ll look for a pullback to the nPOC area to gain a little bit more strength.
Support and Resistance VS Supply and Demand. Important Lesson
In the today's post, I will compare support and resistance levels with supply and demand zones.
I will explain to you the difference between them and share important tips and examples.
What are support and resistance levels?
We also call them key levels. These are particular levels on a price chart from where in the past we saw significant bullish or bearish movements.
Key support will be a one single level, that has a historical significance and from where a bullish reaction will be anticipated.
The all-time low on USDCHF will be a perfect example of a key support.
It is one single level that was respected one time in the past and from where a bullish reversal initiated.
Key resistance will be a one single level on a price chart that has a historical significance and from where a bearish movement will be expected.
The all-time high on Gold will represent a key horizontal resistance.
That level was respected one time in the past and from that level exactly the market dropped heavily.
What are supply and demand zones?
In comparison to support and resistance levels, supply and demand zones are the areas on a price chart. The zones that are based on multiple touches and consequent strong bullish or bearish reactions.
Demand zone will be the area that was tested at least 2 times in the past, and the price should strictly respect different price levels within that area.
A similar reaction will be anticipated from the demand zone in the future.
The yellow area above will a good example of a demand zone.
You can see that the price tested that area 3 times, and each time the market respected different levels lying within that.
These 3 tests compose the demand area.
Supply zon e will be the area that was tested at least 2 times in the past and the price should strictly respect different price levels within that area.
A similar reaction will be anticipated from the demand zone in the future.
In this example, a supply area on EURUSD is based on 2 touches of key levels, lying very close to each other.
On the chart above, I underlined 2 horizontal support levels - the single levels that were respected by the market multiple times, and a supply zone - the area that is based on tests of multiple levels lying close to each other.
Support and resistance levels give you SINGLE levels from where you can look for trading opportunities. While supply and demand zones represent the areas. After a test of a supply and demand zone, the market may react to a RANDOM level within that.
For newbie traders, it is highly recommendable to trade single key levels, while experienced traders can broaden their strategies and trade supply and demand zones as well.
❤️Please, support my work with like, thank you!❤️
EURJPY on Bat and got rejection from Monthly Key LevelEURJPY on Bat and got rejection from Monthly Key Level, Also on HTF iss completed AB=CD
X to A is a sharp fall hence we consider current uptrend as correction of B and expecting a fall of C which will complete AB=CD at around 150
GBPUSD Sell Recap 60 pipsPrice broke below our identified KL, as we were expecting negative GBP news, with a stronger dollar we entered into sells targeting the next KL for 60 pips. Price formed a minor resistance and there was also negative GBP news sending price down as expected.
NQ Power Range Report with FIB Ext - 12/28/2023 SessionCME_MINI:NQH2024
- PR High: 17129.00
- PR Low: 17117.75
- NZ Spread: 25.25
Key economic calendar events
08:30 | Initial Jobless Claims
10:00 | Pending Home Sales
11:00 | Crude Oil Inventories
Prev session virtually unchanged
- Vol and open interest increase
- Lifting weekly high
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 189.65
- Volume: 19K
- Open Int: 284K
- Trend Grade: Bull
- From ATH: -3.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 12/27/2023 SessionCME_MINI:NQH2024
- PR High: 17103.00
- PR Low: 17085.00
- NZ Spread: 40.0
No significant calendar events
Low vols continue
- Slightly breaking prev week's highs
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 197.87
- Volume: 14K
- Open Int: 276K
- Trend Grade: Bull
- From ATH: -3.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Gold Buy LevelsIn this Picture I will show Buy Levels of Gold High Risk Low Risk and full Margin believe me I will trade also in this setup but market will respects all these levels 80 to 110 pips in just hour or 2
and this is H1 hour timeframe kindly wait for level and don't trade on our own don't loss money and enjoy Christmas Holiday we will meet tomorrow inshallah
ICPUSDT: Ascending to New Heights! 🚀💹Introduction: 🌐 Brace yourselves for an exciting ascent in the crypto sky with ICPUSDT! Traders are gearing up for a long position from $11, as the price approaches a compelling level. Let's unravel the details of this potentially rewarding trade.
Trade Details: 💰 The long position (#ICPUSDT) takes flight from $11, safeguarded by a stop-loss at $10.93. The rationale behind this move is the price approaching a fascinating level, amidst a confident ascending structure, backed by trading volumes and notable buyer activity.
Technical Analysis: 📊 Navigating the 1-hour timeframe, ICPUSDT is steadily approaching a significant price level of $11. The ascending structure remains robust, marked by trading volumes and evident buyer activity. Upon reaching the designated peak, traders are advised to await the formation of consolidation before initiating a breakout.
Expectations and Strategy: 🎯 The trader anticipates potential gains of approximately 9%, emphasizing the need to patiently wait for consolidation post the designated peak and subsequently capitalize on the breakout.
Trade Target: 🚀 The primary goal is to ride the confident ascending structure, unlocking potential profits as the price ascends to new heights.
Conclusion: 🌟 ICPUSDT invites traders to ascend to new heights in this promising trade. Prepare for a journey of potential profits, exercise patience during consolidation, and get ready to ride the crypto waves to new heights! 💹🚀
NQ Power Range Report with FIB Ext - 12/18/2023 SessionCME_MINI:NQH2024
- PR High: 16838.00
- PR Low: 16802.25
- NZ Spread: 79.75
No significant calendar events
Hanging out in the highs of prev 2 sessions
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 12/14 +0.08% (filled)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 215.76
- Volume: 22K
- Open Int: 266K
- Trend Grade: Bull
- From ATH: -4.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 12/15/2023 SessionCME_MINI:NQH2024
- PR High: 16763.50
- PR Low: 16732.25
- NZ Spread: 69.75
Key economic calendar event
08:30 | S&P Global Services PMI
Volatility remains relatively high
- Extreme vol highs throughout prev session
- Ranging half-back from prev session high
Evening Stats (As of 1:35 AM)
- Weekend Gap: N/A
- Gap 12/14 +0.08% (filled)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 220.85
- Volume: 28K
- Open Int: 257K
- Trend Grade: Bull
- From ATH: -5.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 12/14/2023 SessionCME_MINI:NQH2024
- PR High: 16817.25
- PR Low: 16774.00
- NZ Spread: 96.75
Key economic events
08:30 | Initial Jobless Claims
- Retail Sales (x2)
Continuing to push supply into ATH
- ATH marker 17700
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 12/13 +0.08% (open <16765)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 224.46
- Volume: 48K
- Open Int: 252K
- Trend Grade: Bull
- From ATH: -4.6% (Rounded) (adjusted for contract changes)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
