Marketstructure
Disney Macro Looks Dire with Risk of Further 40% DeclinesHi guys! So this is a Pure Technical Analysis on the Macro structure of Disney (DIS).
Macro in that we are on the 1 Month timeframe so each candle is 1 Months worth of price action averaged in.
Just note why i don't ever look at news to influence my trades. We got rejected from our highs in October 2021, Desantos bill signing that sparked the lawsuit stuff happened June 2022.
Prices were already on the decline way before. Just saying. Anyway moving on.
What i want to point out is our current price action.
We are currently BELOW the Major SUPPORT LINE that played support for about 7-8 years.
Being a monthly timeframe, just note we have NOT yet confirmed as our current candle is ongoing.
Ideally We would need to get back ABOVE and confirm Support to prevent further declines.
BUT if we do confirm here its NOT a good look.
BELOW the "The Last SUPPORT Line of Defence" is even way worse.
If we end of Confirming Resistance Below "the Last Line of Defence", we risk almost 44% Price DECLINES back to the highs of a previous consolidation zone or the line labeled "Major Support".
Its because the Rapid Price Increase labeled "Weak Market Structure" has no distinctive/ strong Support zones.
Theres nothing to cushion the eminent Price Declines that may be awaiting us.
Its mainly because we didnt test SUPPORT and have a slow methodical rise in price.
We also recently printed a DEATH CROSS. By the looks of that monster mouth, its a long ways before its momentum fizzles out.
If VOLUME also continues to be on the rise while we have this DEATH CROSS and price declines, aspect more price declines.
And the likely scenario of the DECLINE to "Major Support".
Keep in the back of the mind: This could make for a solid SHORT play once that confirmation below the last line of defence happens.
Anyway look to smaller timeframes for more current price action to see how things shape up for the macro. Keep on the look out for updates in the hourly, daily or weekly timeframes.
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Stay tuned for more updates on DIS in smaller timeframes in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
Potential Bullish move continuationAs it is clear in the chart price has tested 1H Clean Break area acting as Support for the second time in the form of #double_bottom formation and also formed a bullish standard divergence which add to possibility of bullish move.
Also in 4H time frame price only took out liquidity from the previous low and failed to close below as you can see the arrow line and price failure to close below.
XAU USD - showing it's teethG'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
Orange = Daily
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We have just entered against the news! would you dare to?!
We have just short kiwi by half of normal risk.
We believe these are the places that technical levels works better than news! News just helped us to see NZDUSD reached our entry!
NOTE: We mostly consider news as an important factor to move the market! This time was an exception.
Double pin rejections on demand zone, potential buy| EURUSDEURUSD hits a buy zone with two pin rejection on 4H Time frame after taking liquidity at 1.07752 and broke a trend line along side with daily engulfed candle
which could possibly indicate a buy retracement i expect to see a rise to 1.08628
also expecting a tap into the demand zone before rising
Apple -> Now Getting Long!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪
Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance.
On the weekly timeframe you can see that Apple is already approching previous resistance which could be acting as support and considering that this level is the previous all time high I certianly do expect at least a short term bullish rejection.
However on the daily timeframe everything is still looking quite bearish - therefore I am waiting for a break and retest of the $183 daily structure level before the daily timeframe is also ready for more bullish upside.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
CFX: Break(fake)out zone?Friends, I've been asked to give a comment on the BINANCE:CFXUSDT chart, so here is my take on it.
I've made both:
Wave analysis, that shows we're actually near entering into the last zone of purchases for the long term
And analysed this descending wedge with the possible breakout (You can totally see most of coins are in the same position).
I suggest you to look closely, if we will break it out, we will make the last wave with the upmove within the descending area, then - provide the last correction to the bottom zone, which, by that time, will connect with the old trendline resistance and the new support, and from there we will enter the long and boring accumulation zone.
Few words.
Nowadays most of the Alts' charts feel pretty much the same. Descending Wedges/triangles are everywhere. And this is the good time to trade those breakouts/fakeouts.
Cause after that, the real boring market will come into place. And it may take another year to reaccumulate everything and to shakeout The Last Samurais.
The bottom zone is near, however we're still not there.
👁️ A.I.Vision