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Multiple Time Frame Analysis

Nasdaq (NQZ2024) - Conditions You Want To AvoidFor the swing traders out there with patience to wait before entering, i salute you! Market conditions are torturous at the moment making it challenging to dictate where the next daily draw on liquidity will be. Only those who scalp and utilise the 15,5,1 min timeframes will be able to get a better understanding for what the market is doing and what signatures are being left. With the dollar index printing risk off conditions, is it normal for Nasdaq to still be trading at a premium? Is there a lag? For how long? What will break first: NQ, ES or YM? These are some of the questions I ask myself when faced with conditions like this. I want to see short term, relative equal lows swept @ $19,818
CME_MINI:NQZ2024Short
by LegendSince
Dollar Index - Finally, A Take-Off!If you have watched my previous analysis on the Dollar Index, you will know that the area of 101.994 was a target for weeks but we kept on seeing relative equal highs created. This incentivised smart money to hold proce below in a discount in order to pile in more sell stops as classic retail minded traders would think that because LL and LH's are being formed, their stop will be safe at the next recent highs as the 'trend is your friend' I capitalise of this mantra What we saw was a low resistance liquidity run above daily buy stops, trading back into a macro premium. The question is, will price hold in a premium above 101.994? Price bullish above 101.994 = risk off conditions which equals a higher probability for traders to capitalise on a short-term/medium-term/long-term bearish trend in FX, stock index, precious metals, crypto etc.. Price bearish below 101.994 = risk on scenarios which equals to a higher probability for traders to capitalise on a short-term/medium-term/long-term bullish trend FX, stock index, precious metals and crypto.
TVC:DXYLong
by LegendSince
Why I’m Betting Bearish on GBPNZD: Key Market Drivers ExplainedAs I prepare to share my trade idea for GBPNZD, my overall bias is bearish. Here are some key fundamentals currently influencing this outlook: 1. UK Economic Slowdown: The UK is facing economic challenges, with high inflation and downgraded growth forecasts. This situation tends to weaken the British Pound against other currencies, including the New Zealand Dollar. 2. RBNZ's Hawkish Stance: The Reserve Bank of New Zealand (RBNZ) is likely to maintain a strong monetary policy, focusing on controlling inflation. This contrasts sharply with the UK's more cautious approach, which supports a stronger NZD. 3. Seasonal Trends: Historically, GBPNZD has shown a bearish trend from mid-August through December. This seasonal behavior suggests that now is an opportune time to consider short positions. In my trading strategy for GBPNZD, I rely on probabilities to guide my decisions for entering short positions. In summary, by leveraging probabilities based on historical data and current market fundamentals, I aim to position myself advantageously for short trades on GBPNZD. This disciplined approach aligns with my bearish outlook and enhances my trading effectiveness. I look forward to sharing my journey in this trade and welcome any thoughts or feedback! 2W: Hourly TF:
Short
by Jasminex1x2
AUDUSD POTENTIAL SHORT OPPORTUNITYHello Everyone! How are you all? AudUsd is a pair to watch this week, because it is shaping up very nicely for a trend reversal that we can capitalize on. So, I will be looking for a short because of the following reasons: 1. The overall trend is bearish 2. Potential Double Tops. 3. The price is approaching the value area. Game Plan: If the price comes to the VA - 0.69 price level, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a flag with two highs and lows. Entry : will look for a risk sell entry within the flag.
Short
by DTreasureMarketHub
XAU/USD 08 October 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterday's analysis dated 06 October 2024. -> Swing: Bullish. -> Internal: Bearish. Bearish swing pullback phase has been confirmed by the first bearish Internal Break of Structure (iBOS), which has established the current swing range. Currently, price is trading between the swing high and internal low. Following second bearish iBOS price printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase. Price reacted from the premium zone above the 50% internal equilibrium (EQ). Although the weak internal low was targeted, price was unable to close below it after reacting from an H4 demand zone. Intraday Expectation: Price is expected to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Yesterday's analysis (07 October 2024) mentioned the alternative scenario, where I noted that given the H4 timeframe appears to be in a bearish pullback phase, any bullish momentum would likely be short-lived, and price could potentially print a bearish iBOS. Price has now printed a bearish iBOS, which was expected as the H4 timeframe remains in a bearish pullback phase. Intraday Expectation: After the iBOS, we anticipate a pullback. CHoCH positioning is marked by a blue dotted line. Price could potentially print a new low, bringing CHoCH positioning closer to the current price. This has occurred whilst I was preparing analysis. CHoCH is now closer to current price action. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
10/7 Can BTC hold bullish trend or was it a fake break out?Overview : The AMEX:SPY posted a decisive red candle today, with a strong bearish body. It’s rare to see appreciating equities while global liquidity has been declining for 21 consecutive days. The index is now trading at the lower end of the range established after the rate cut. The main sectors pulling it down include big tech (with the exception of beloved NVDA, which rose 2.24%), as well as utilities, insurance, and finance. On the other hand, oil, gas, and healthcare showed gains. Since Friday, the number of traders expecting no rate cut in November has quadrupled from 2.6% to 13.7%. This reflects market uncertainty: while no rate cut means continued tight credit conditions and less liquidity, it also signals the Fed’s confidence in a strong job market and rising salaries. The question remains, which factor will weigh heavier on speculative assets like crypto? Less liquidity suggests a bearish outlook, but a stronger job market could be bullish. This week could be pivotal for crypto. The question is whether BINANCE:BTCUSDT will hold above the 61.5k support level or break down, ending the fifth wave of this year’s crypto bull run. BTC TA : Weekly : After bullish momentum yesterday and earlier today, Bitcoin has since corrected. It’s now sitting at the BB MA and has moved away from the biggest volume node, leaving the point of control (POC). The 61.3k - 62.6k range isn't seeing much volume, and BTC will either hold above this or break through, which would be critical. Daily : Bitcoin retested the MM BA resistance after falling beneath it. Monday ended with a bearish hammer, signaling caution. No major divergences were spotted on key indicators. Last week on Friday we wrote "Daily had a nice pull back after dumping from bull trap. Given the last 16 days of trading, upper resistance is at $63.3 k. It will need a real miracle to brake that level." The promised pull back played out. Price actually rose to 64.4k. But miracle of braking it didn't happen. 4-Hour : No divergences, and the trend seems uncertain. 1-Hour : Over the weekend, Asian bulls pushed BTC upwards, triggering short liquidations that drove prices up to 63.9k. However, the upward movement was halted at the significant weekly resistance of $64 k. A pullback followed. Early Monday, U.S. bulls retested the $64 k level again, pushing prices as high as 64.4k. This retrace fell within the Fibonacci golden pocket, specifically between the 0.618 and 0.786 levels when measured from the high on September 27th. Alts Relative to BTC: NEAR, APT, TAO, FTM, and SUI are outpacing BTC and other altcoins as Monday progressed. ETH and SOL, however, remain closely aligned with BTC’s movements. Bull Case : Since early September, we’ve seen the beginnings of a new bull run, which could be fueled by potential rate cuts and improving macroeconomic conditions. A breakout from the bullish flag consolidation pattern forming on the weekly chart could lead to significant upside. Bear Case: The fifth wave may already be over, and we could be headed downward, marking the end of this year’s bull run. Fear and Greed Index : 41.49, indicating a neutral sentiment. This week holds the key for BTC's next move. Will it hold support or break down? Stay tuned.
COINBASE:BTCUSD
by EvgenCapital
Gold Wyckoff AnalysisGold's been on a stellar run with a strong campaign initiated at the start of September which broke out of a beautiful Wyckoff accumulation on the much higher time frame BUEC. Overall still very bullish for gold over the next 18-24months. In the current price action we've had a strong push up from $2,590 where we have found a new trading range. We had a potential spring event that failed to breakout which shows some weakness in the market right now suggesting more of a distribution/selling/profit taking event. Since this spring the range has tightened and tested both extremes of the range at the purple circles indicating no real support either way to rally further or sell of. The volatility is suggesting selling activity however we will not know until the range is completed. This smaller range can also be a test of the potential spring event Expecting the market to show us an answer over the coming days as price continues to contract in a bearish fashion however this can still always mean 2 things, that 1. sellers are exhausted or nearing the end of taking profits and demand is strong or 2. demand is weakening Now looking for another potential spring event that dips below the prior one, if this shows any weakness and fails its going to be a sharp quick drop to the next high volume node at $2,580. Trading opportunities to go long will be in the green circle in which will be a faster reversal given the location as this would also represent another higher time frame test of the consolidation breakout that happened at the start of September or At a successful spring event test back in the range. or The failure of a spring event not able to reclaim the range and going short to the next high volume node in the green circle.
ICMARKETS:XAUUSD
by littlebakes
2
Solana got Raped ?!This chart illustrates the price action of **SOL/USDT** on a 4-hour timeframe, with the following key insights: @Tradewithmky More than 91% winrate live in tradingview ### 1. **Price Action**: - SOL is currently trading around **$147**, following a bounce from the lower levels near **$132-136**, with recent upward movement supported by an ascending trendline. - However, price is showing signs of a potential stall or reversal at current levels. ### 2. **Fair Value Gaps (FVG)**: - **4-hour FVG and Daily FVG**: The red shaded areas between **$148-$154** indicate a resistance zone where the price may encounter selling pressure. - The price has been rejected within this zone, and we see wicks (upper shadows) indicating that buyers are losing momentum in this region. ### 3. **Projected Price Movement**: - The **green arrow** suggests a possible short-term push higher towards the upper part of the resistance (near $152) before encountering heavy selling pressure. - The **red arrow** indicates a projected bearish reversal after hitting the resistance zone. The price is expected to break below the ascending trendline and head lower, potentially targeting the **$136-$132** support area. ### 4. **Support and Resistance**: - **Resistance**: The zone between **$148 and $154** is a strong resistance area due to overlapping FVG zones. - **Support**: There’s a clear support zone around **$132-$136**, which could be tested if the price breaks down. ### 5. **Market Sentiment**: - The price action suggests a **bearish bias**. Despite the current upward trend, there are signs of weakness as SOL struggles with the resistance zone. A break below the ascending trendline would further confirm a downward move towards lower support levels. This analysis suggests that SOL is facing strong resistance around $148-$154, and a pullback towards $132-$136 may be likely.
Short
by TradeWithMky
Weekly Forecast & GBPJPY SHORT Trade RecapBias Analysis: Daily is in premium on the minor swing and at equilibrium on the major swing but with the 4H structure still bullish (CT) there is upside potential on this pair. Long entries were within the 1H bullish range and after a correction into EPD at NY open, entry confirmation was received after trade parameters were met. Grade: High Quality Valid What I did well or could've done better - Used pair correlation to increase discretion during entry confirmation Stayed focus during my NY Killzone despite being on the road which avoided a missed position on GJ. DXY: Structure is bullish on DXY from the HTF down to the LTF's but with price in a 1D OB, we could see the reversal from this KI area. The development of price over the initial days of the week will signal how the weekly will distribute. Today, price is within a bullish 1H range with protraction lower at KZ open.
Long
by The_Modern_Day_Trader
NVDA: The Next Inflection Point! (D&W charts)Since our last study on NVDA, the price has successfully held above its critical support points, and we now see a good recovery. The “Above the Stomach” pattern that we identified last month has been triggered, and NVDA is now looking for its next resistance levels. The link to our previous analysis is below this post, as usual. Daily Chart (Left): Higher Highs and Higher Lows: The price is forming a series of higher highs and higher lows, which is a classic bullish trend pattern. This suggests strong upward momentum, with buyers stepping in at each retracement. Resistance Level at $131.26: The next key resistance level is $131.26. This price point coincides with a previous peak and also aligns with a broader resistance zone observed on both timeframes (D and W charts). If the bullish momentum continues, the price could retest $131.26, and even if it materializes a pullback to the 21-day EMA wouldn't ruin the bullish sentiment. Weekly Chart (Right): Above the Stomach Pattern: The weekly chart shows a recent bullish reversal pattern known as "Above the Stomach." This pattern, which we deascribed in our previous analysis, suggests a potential shift from bearish to bullish sentiment. Pivot Point at $131.26: The $131.26 area has been highlighted as a pivot point on the weekly timeframe, representing a key decision zone. A successful breakout and close above this level would likely trigger a more significant rally. Ascending Channel: NVDA is trading within an ascending channel, maintaining its bullish trajectory. The lower boundary of the channel has acted as reliable support, suggesting that the long-term trend remains intact as long as the channel is respected. Conclusion: NVDA is showing strong bullish signs, supported by the formation of higher highs and lows on the daily chart and the validation of a bullish reversal pattern on the weekly chart. The main level to watch is $131.26, as a breakout above this point could accelerate the rally. For those seeking a longer-term perspective, maintaining the trend within the ascending channel is crucial. If $131.26 is broken, the next potential target could be the ATH.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra