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Marketstructure

#GBPUSD begining of a 3wave corrective moveAs can be seen, the price appears to be completing a 5th wave of 5, indicating the end of a bullish impulsive move that reached the upper channel line. Now, we could expect a bearish move in the form of an ABC correction or a reversal. To open a position, we should wait for a bullish corrective move, which could be either wave B or 2, and then try to catch wave C or 3. Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
Short
by mohemati
Apple - Back to no.1 in the world!NASDAQ:AAPL is back to being no.1 in the world after rallying 11% in two days. After moving higher +25% over the past two months, Apple is now back to being the most valuable company in the world with a market cap of 3.4 trillion dollars. This means that Apple is now back to leading the indices but Apple is also retesting resistance. A pullback is definitely likely considering that trees do not grow to the sky, but the overall trend is simply clearly bullish! Levels to watch: $170, $215 Keep your long term vision, Philip - BasicTrading
NASDAQ:AAPLShort
by basictradingtv
12
Micron Technology - Patience and price action!NASDAQ:MU is literally creating so clear and repetitive market structure, this is textbook. Bullish break and retest, cycle and correction. Micron Technology has been repeating this price action for over a decade and is about to enter another correction phase. If you don't want to trade this anticipated correction, you can instead wait for another retest of previous resistance, bullish confirmation and a rejection. Following the cycles, a bullish move there is quite likely. Levels to watch: $140, $95 Keep your long term vision, Philip - BasicTrading
NASDAQ:MUShort
by basictradingtv
11
S&P500 - Was this already the all time high?SP:SPX is still massively bullish on the smaller timeframes despite retesting strong resistance. Sometimes trading can be soo simple but yet rewarding. You simply have to buy the S&P500 at support and sell your position at resistance. At the moment, the S&P500 is once again retesting a resistance trendline, which has been pushing price lower for more than 14 years and there is just an extraordinary high chance that we will again see a rejection. Don't say I did't warn you! Levels to watch: $5.600, $4.800 Keep your long term vision, Philip - BasicTrading
TVC:SPXShort
by basictradingtv
9
Intel - Retest, reversal and rejection!NASDAQ:INTC has been establishing a slight bullish trend over the past couple of years. A clear trend is the basis of every profitable trade, right? Yes and no. You should primarily focus on trading trends and entering positions during such phases. But Intel is a textbook example of a range bound stock; still there are trading opportunities everywhere. Currently Intel is retesting support and is starting to reverse towards the upside. But please: Manage your risk properly. Levels to watch: $30, $45 Keep your long term vision, Philip - BasicTrading
NASDAQ:INTCLong
by basictradingtv
3
XAUUSD Gold Market Analysis: Weekly Overview Fundamentals Gold Price Movement: Last week's trading saw gold prices align with our expectations. Following the release of nonfarm payroll data, where the unemployment rate exceeded market forecasts, gold prices climbed above the June 7 high of $2,387 towards the end of the week. Nonfarm Payroll Data: The June US nonfarm payroll report showed a slight increase in new jobs, surpassing expectations. However, revisions to April and May figures indicated a decrease of 111,000 jobs. The unemployment rate rose to 4.1%, higher than both previous and anticipated values, suggesting a cooling US labor market and increasing investor expectations for a September rate cut. Interest Rate Expectations: Interest rate observation tools indicate over an 80% probability of a September rate cut, with expectations of two cuts this year. This has driven down US bond yields, favorably impacting gold prices. Given the high nominal and real interest rates, a rate cut would strongly support gold price momentum. Market Liquidity: Despite last week's strong rebound, further upward movement for gold may be limited due to ongoing low liquidity conditions, which could persist into this week. Technical Analysis Resistance and Support Levels: The "head and shoulders" pattern led gold prices to touch the resistance range of $2,370-$2,390 last week, as anticipated. The completion of this pattern, along with oscillator signals, suggests a potential market decline. Relative Strength Index (RSI): The RSI is turning downward at the neutral level of 50. Stochastic Oscillator: The Stochastic Oscillator is smoothing in the overbought region. Key Support Levels: 50-day SMA: $2,346 20-day SMA: $2,333 A break below these levels could lead gold prices to retreat to the neckline at the $2,300 range and potentially test the lower limit of the trading range at $2,276. Key Resistance Levels: Immediate Resistance: $2,370-$2,390 Psychological Barrier: $2,400 A successful close above $2,386 would accelerate the testing of the $2,400 psychological barrier. Market Outlook: While the recent rise in gold prices has rekindled bullish hopes, breaking above or below the current range in the short term appears premature. We expect a broad range of volatile trading patterns to continue throughout the summer, with a primary strategy of buying low and selling high. This analysis aims to provide a comprehensive and professional overview of the current gold market, highlighting key fundamentals and technical factors influencing price movements BOOST US COMMENT YOUR IDEAS FOLLOW US
OANDA:XAUUSDShort
by realmillionairefx
2
Ethereum - Is everything already over?CRYPTO:ETHUSD is struggling to break above the previous all time high and might correct soon. Please don't look at headlines and news regarding cryptocurrencies. Overall these messages are just preventing you from objectively looking at the chart. Ethereum is creating higher highs and higher lows, meaning that Ethereum is trading in an uptrend. Even if Ethereum is not able to break above the previous all time high, market structure still remains decently bullish. Levels to watch: $4.000, $2.200 Keep your long term vision, Philip - BasicTrading
CRYPTO:ETHUSDLong
by basictradingtv
4