Picture perfect rejection of the 200 moving average adding resistance to the median line of a pitchfork I drew on the recent pivots. The market profile served as my price for entry and a bearish hourly candle broke through it. The stochastic RSI in overbought conditions adds extra confluence after the cross Stop loss is a few pips above the 78.6 level of the...
Anchored at A: 24 Jan, B: 10 Feb and C: 24 Feb's pivots. After forming a double bottom at point C, 28 Feb's bullish engulfing closed above the median line, so I marked the 50% level between point B + C to mark the validity level of my trading idea. I am anticipating a push into the 3.4k area mid march before seeing a minor retracement back down to around 3k...
A good reaction level that targets the return to the 4 HR order block
$Gold $GLD has been falling down heavily for couple of days.. buyers came back at 1780s, and 1800-1805 will be potential for selling .. let see if big time frame buyers will accumulate at 1780s and above, or this will be another more selling to test 1760. My bias is Neutral to bearish, and I don't see any strong bullish reversal evidence yet. I need Buyers to...
Thanks for Reading my Analysis. I will be using the following technical tools to identify the Potential Setups 1.Trendlines 2.Support and Resistance Zone 3.Multitimeframe TopDown Analysis 4.Harmonic Patterns 5.Price Action 6.Chart Patterns 7.Market Profile 8.Pivots Having hit the Torqouise Blue Monthly Trendline-(HUGE TECHNICAL LEVEL that I belive plays High...
DWAC may be become the company that will disrupt the whole industry as we know. Please find below my view: Fundamentals: 1. David Nunes left congress to become DWAC CEO. This tell us that things got very serious. 2. SEC investigation - I believe it's only temporary. I don't think that people who will be creating those platform, that may disrupt the whole industry...
AUDCAD will continue upward. Price start forming small accumulation ranges. Planning to buy at the opening of the market. 0.90900 is our target.
Thanks for reading my Analysis. Today I am looking @ ADAUSD from couple of technical view 1.Trend Analysis 1.Wave count 2.Technical Support level 3.Pattern emerging Having count a significant 5 Elliot Wave Pattern which the 5th wave moves from 68.2%(0.9721) retracement level and terminated @ 127.2%(3.1763) extension. A GARTLEY Harmonic Pattern has currently...
Interesting trading day yesterday. US500 rejected the .786 retracement from the FOMC selloff downtrend in a double top at ~4740 that would have seen a gap up to ~4780. Other traders pointed out a massive 3k order waiting to be filled at 4650 yesterday that acted as a magnet for the markets. That was a couple of points below the Gamma flip from positive to...
Banknifty Has bounced off the Value low Zones of the Yearly profiles from 2021, Now wer are in the upper end of the ranges. Key Inflection point being the 38300-500 ranges. Plan: 1. Look for rotation trades on the downside until 38500 is taken out, above that can tgt 40k levels. 2.Will look to play bounces off the 37k levels for a long side pullback.
Quick update on the market profile chart today. Some advice I picked up this weekend was to keep an eye on the AUDJPY carry trade so I added AUDJPY as a dot plot this morning. Gap up on futures last night and 3am BTD bought in but seems to be selling off into the Open. I set some targets for Bull/Bear outcomes for January Short term, I'm watching if...
Volatility Contraction Pattern Trade Closed I closed my Volatility Contraction Pattern trade yesterday before closing. 1 reason was that bitcoin started selling off at 12pm, and I’ll get to the reason later. SANTA RALLY Dec27 to Jan 3rd The Santa rally that started early (DEC20), continued into the overnight as the 3 am Buy the Dip crew continued...
I started to learn how to build a market profile. I don't have much time to explain but I wanted to put it into practice this morning since I traded futures all morning. Here are some of the basic concepts of market profile. Most of the info comes from another TradingView market profile furu named TA DOG from his explainer substack . I'll complete the chart...
BANKNIFTY has pulled back and consolidated into the most traded volume in recent swing - 37250. 3 days of consolidation range here, hence a break out play outside this range is on offer for the coming week. Should be a 2/3R play for a directional move.
Setting up for leg higher. VCP during consolidation. Needs to show some RS next selling day, weak 11/10 with markets red.
Huge volume on the last ATH run from 70-95... setting up once again, accumulation during the digestion - mark minervini VCP.
Highlighted large volume areas - Looking for a pickup of volume & a break thru 140 whole # - /ES needs to shape up before entry, likely a entry idea for the week beginning with 11/15 - I like to risk 7 days lows INITIAL STOP, for this strategy I am quick to trail my stop once 10% ITM ( in the money )
We want to see few more days of tightening to prove flag is ripe for a new leg higher. /ES had sell day yesterday, digesting today... don't want to get long into a broader market PB. Caution.