GOLD short time formatting ELLIOTT WAVE
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
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Multiple Time Frame Analysis
CADCHF POTENTIAL LONG/BUY SWING TRADE OPPORTUNITYHey everyone! Hope you are having an amazing weekend so far and an amazing Sunday! Just wanted to come on here and make a video post breaking down a potential long/buy opportunity I see on the Canadian Dollar (CAD) vs the Swiss Franc (CHF). Hope you guys enjoy and please boost this post and follow my page for more setups and analysis!
Cheers!
Crypto Week 47 AnalysisIt seems like that all Major 3 Crypto Coins are in Premium.
All of them are above True Week Open, True Month Open and True Year Open except for BINANCE:ETHUSDT.P Which is below True Year Open.
We are using a gap from previous Year Q4 that merge with a weekly gap. and we have a PSP in a weekly graph right about it.
Near True Year Open BINANCE:ETHUSDT.P there is a Gap from previous Monday in 3h graph.
I think I would like to see BINANCE:ETHUSDT.P getting into the 3h gap and targeting the True Year Open.
Current target in BINANCE:ETHUSDT.P is True year Open
After touching it I'll be bearish since the price is in a major Premium.
XAU/USD 25-29 November 2024 Weekly AnalysisWeekly Analysis:
Swing Structure -> Bullish.
Internal Structure -> Bullish.
Price Action Analysis:
In my analysis dated 27 October 2024, it was noted that the first sign of a pullback would be a bearish Change of Character (CHoCH), indicated by a blue dotted line. Price's consistent upward momentum had positioned this CHoCH much closer to recent price levels as expected for weeks.
Now, for the first time since 23 November 2020, price has printed a bearish CHoCH. We are currently trading within a defined internal range.
Price is projected to move downward toward either the discount of the internal 50% Equilibrium (EQ), highlighted in blue, or the Weekly demand zone before targeting the weak internal high.
Note:
Given the Federal Reserve's dovish policy stance alongside heightened geopolitical risks, market volatility is likely to remain elevated, influencing intraday price swings.
Weekly Chart:
Daily Analysis:
-> Swing -> Bullish.
-> Internal -> Bullish.
Price Action Analysis:
After printing bearish CHoCH to indicate bearish pullback phase initiation, price traded down to discount of 50% internal EQ.
Given the current internal range dynamics, price is expected to target weak internal high, priced at 2,790.170 However, considering the signs of a pullback phase on the Weekly timeframe, there remains a possibility of price printing a bearish Internal Break of Structure (iBOS). Price has yet to tap into Daily demand.
Note:
With the Fed maintaining a dovish policy stance and the continued rise in geopolitical tensions, we should anticipate elevated market volatility, which may impact both intraday and longer-term price action.
Daily Chart:
H4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Price Action Analysis:
In my analysis dated 22 November 2024, the internal structure was bearish, with an expectation for price to target the weak internal low. However, this scenario did not materialise as price printed a bullish iBOS by the close of 22 November 2024. This could be attributed to escalating geopolitical tensions across multiple fronts.
The CHoCH positioning, marked by a blue dotted line, us currently close but may be repositioned, as there are currently no definitive signs of pullback initiation.
Note:
With the Federal Reserve maintaining a dovish policy stance, ongoing and increasing geopolitical uncertainties, Gold prices are likely to experience continued elevated volatility. Traders should exercise caution and refine their risk management strategies to navigate this high-volatility environment effectively.
H4 Chart:
Futures Week 47 Monday AnalysisAs I see it the close target of both ES and NQ is the True Month Open.
On both of the True Month Open there is a gap from previous Monday in 6h chart.
The bullish movement that we had this week is supported by SMT between CME_MINI:ES1! , CME_MINI:NQ1! and CBOT_MINI:YM1! and 6h gap from previous Tuesday (Q2).
I don't see any relevant higher time frame gaps that the price can encounter until the True Month Open so my current target is that.
In my opinion CME_MINI:ES1! will get to the True Month Open first and will liquidate it, at the same time CME_MINI:NQ1! will get to a 90 minutes gap at AM session (Q3) and won't liquidate the True Month Open and we'll get a bearish SMT
xau/usd analysisHello,
This is an analysis of Gold for the current week.
Considering the full-bodied nature of the daily candlestick, the likelihood of an upward movement is very high. Therefore, in the event of a price correction, the first support level ahead is at 2711.4. With proper risk management and a stop-loss in place, we can take a low-risk long position.
This analysis is brought to you by the FXonbit Traders Team
EURUSD ANALYSISHello, have a good day❤
It is very important to read to the end...
The Euro-Dollar is completely bearish in daily times, so our long-term downward trend has been confirmed!
In the time of 4 hours, it is trending upwards, it will correct the price for the main drop, and the important thing is that the price may start the main drop from this point, or it may go higher and start the drop.
I suggest you to definitely look for confirmation in the lower times with the strategy for turning the trend.
Be successful and profitable💎💲
POLKADOT, TIME TO LEAVE THE HELLAltcoin Time: Polkadot Bullish Swing Trading
Polkadot is showing several bullish signals:
PML being disrespected
PWL being disrespected
PWH being disrespected
PDL being disrespected
PDH being disrespected
Daily Bullish FVG being respected
4H Bullish FVG being respected
4H Swing Low being disrespected
Bearish Argument:
4H Swing High is being respected
Altseason seems to be brewing, but as day or swing traders, we must remain cautious about short-term movements. Ignore the noise on social media and rely on your analysis and experience.
Risk management is everything. If you risk more than you can afford to lose, you’ll end up emotionally drained. Protect your mindset by applying proper risk management techniques.
Risk-to-Reward (RR): 5.2
Steller lumens 700% extension in 2024On the above 10 day chart price action has corrected 90% since May 2021. Will the correction continue? Unlikely. Why?
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence.
3) Bull flag confirms support on past resistance. Notice the bullish engulfing candle?
4) The forecast is made from the first impulsive move. A 2nd impulsive move from the confirmation of support will see price action print to the 70 cent area.
Is it possible price action continues to correct? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: You decide
Timeframe for long: Before the end of month
Return: 70 cents / 700%
Interesting facts of the week: What to expect next?Hello traders and investors!
The past week brought several interesting events that may impact the situation's development in the coming days.
The U.S. Dollar Index has reached the upper boundary of its range on the weekly timeframe at 106.952. There might be an attempt to reverse the long trend, with the idea of executing the seller’s vector within the range on the weekly timeframe (potential targets are 99.807 and 99.099).
The Euro against the Dollar has reached the lower boundary of its range on the weekly timeframe at 1.04485. There might be an attempt to reverse the short trend, with the idea of executing the buyer’s vector within the range on the weekly timeframe (potential targets are 1.12142 and 1.12757).
Gold , after bouncing off the 50% level (2538.5) of the last monthly buyer’s impulse, has broken through 2710.52, which was the beginning of the last seller’s impulse on the daily timeframe. On the weekly timeframe, there was a manipulation (false breakout) of the level where the last buyer’s impulse started (2604.39), and the weekly bar is impressive with its spread. On the one hand, there is an opportunity to look for buys, but on the other hand, a seller may appear just above in the 2721–2759 range. Let’s see who will win the battle for the 2710.52 level.
SPX500 . The buyer is defending the breakout from the range on the daily timeframe. The buyer has absorbed the seller’s attack bar from November 15 (which had high volume) on the upper boundary of the range at 5891.6. As a result, a buyer’s zone has formed on the upper boundary of the range (upper edge of the zone is 5975.6). Additionally, the price dipped below the 50% level of the last buyer’s impulse on the daily timeframe. You can look for buying opportunities if the buyer reactivates from this zone.
Good luck with your trading and investments!