Brent Oil Futures (BR1!) Catching Bearish Wave
Brent oil has reached a strong level of structure.
It is a combination of a daily structure and a recent gap open level.
+ 618 retracement of the major impulse
I will be waiting for a bearish breakout of the rising wedge pattern to short the market.
The initial target will be
56.2 level
Target 2
55
Target 3
54
Stop
58
*if the market respects support of the wedge and sets new higher high
setup will be invalid
Options-trading
Copper (XCUUSD): Wait For Breakout!!!
Copper is stuck on a key level as well.
2.61 is a decision level of the market and the reaction of the market participants matters.
in case of a bearish breakout of a small rising channel, I will short the market expecting a test of 2.54
in case of a bullish breakout of the underlined horizontal resistance, I will buy expecting a bullish continuation to 2.675
patience pays, friends!
Copper (XCUUSD): How To Trade Against The Trend???
trading against the trend is a tough thing,
but if it is executed correctly, it feels so good :)
copper is under strong bearish pressure.
during the last two weeks, the market has dropped significantly.
now it is finally trading within a strong area of support and I am looking for a counter-trend trade here.
thought, on a daily the market has perfectly stopped and we see some reversal clues,
I need a confirmation on a lower timeframe to execute a trade.
I will be looking for the completion of the right shoulder of a head and shoulders pattern,
to then buy the breakout of the horizontal neckline.
on the chart, I drew the list of conditions to be met to execute the trade.
The initial target will be 2.595
the second target can be extended to 2.7
Please, like the idea and leave a comment, if such kind of guides help you! thank you
S&P 500 Index: STEEL BALLS TRADE!!!
while everyone is buying the dips on major indexes,
let's go against the crowd and try to short the current market high on SPY.
DISCLAIMER:
steel balls are required for this trade
AKA trading on margin carries a high level of risk, and may not be suitable for all investors.
Trading Plan:
I have a sell limit on 3325 level.
Stop - 3350
T1 - 3292
T2 - 3242
(also, if the market reached T2, leave some minor part of the profit in free-floating just in case ...)
good luck!
SILVER (XAGUSD): Potential Long Trade
hey guys,
silver is standing on a strong support level for quite a while.
It looks like finally ice breaks and bulls are attempting to break above the indecision horizontal range.
for us, it will be a perfect signal to buy the market.
so let the price close above the range and buy the market expecting bullish continuation to higher levels:
18.2/18.4
GOLD: One More Bullish Leg
hey traders,
gold is still perfectly respecting the boundaries of a rising channel .
yesterday was a rollercoaster day and gold has spiked up and immediately dropped down to a channel's support.
My bias now is bullish and I believe that the market should reach at least 1476 level
and potentially set a new higher high within the channel 1486.
Let's see how it unfolds!
GOLD: Bullish Outlook
hey guys,
though I have bought gold from 1460 and have already taken profit from the trade,
I still believe that the price may grow to the 1480 level.
Currently, the market is back again trading above the recently broken structure level!
it is a very good indicator of a false structure breakout so with quite high probability we can
expect bullish continuation.
APPLE: Where is resistance???
buyers keep pushing the market higher.
currently, we are trading on the noman's land.
in my view, the first decent zone of resistance is the 275 - 300 area.
it is based on the projected harmonic movement based on the previous bullish impulse
and 1.272 fib extension.
the retracement can be expected to 240/220 levels.
NATGAS: Buying Volumes Accumulate BUT ...
Natural gas is on its way to a major structure resistance area.
For many days bulls keep pushing the market without any pullback and
I believe that we will see a retracement from the identified area.
I will be looking for a reversal formation on a lower timeframe to sell the market.
Target level will be 2.5
GOLD: What is next?
hey traders,
on Thursday gold has broken above a major trendline.
on Friday we saw a very strong buying reaction and test of 1515 level.
1515 level is very peculiar for us because it is the major structure resistance level.
Indeed, during the US session, we saw a very strong selling reaction from this level.
For next week we have two equally possible scenarios:
1 - Market participants will start buying the retest of the broken trendline
and we will see the second test of 1515 level
2 - The breakout of the trendline will turn to a fake one
and we will see a bearish continuation to major support of a current wide horizontal range.
though two options are equally possible,
my spidey senses encourage me to the second option!
let's see how it goes and have a great weekend!)
GOLD: Complete Indecision
hey traders,
although I have an active selling position on gold,
many traders hesitate to enter right now and don't know what to do.
Indeed for quite a long time gold is very very passive.
Those who are looking for a confirmation signal,
pay attention to a symmetrical triangle that the market is now following.
Breakout of it will be a good trigger and you can base your trading plan on that.
symmetrical triangle can be broken to the both sides,
however, my suggestion is to trade only in case of bearish breakout,
because a profit potential for bullish breakout is quite limited.
GOLD: Weekly timeframe analysis and thoughts.
I am frequently asked about my opinion on investing in gold on current market prices.
though I have already expressed my opinion on this subject multiple times,
here is the answer from a different angle.
Analysing gold on weekly we can quite easily identify key structure levels that are important for the market participants.
Two major levels of support and resistance between which the market is trading right now are:
1560 and 1360.
We have a wide 200$ trading range.
Within this range there are multiple minor structure levels:
1520
1480
1440
1400
strictly keeping 40$ distance between them.
Because quite recently gold has reached a major level of resistance 1560
now we see a retracement.
for trend followers big question arises:
from which level we should expect a trend continuation?
for now, it is totally unclear.
but from this analysis we can derive totally different, but still valuable conclusion:
buying gold for long term investment purposes right now is not reasonable.
So, once again, think twice before investing in the overheated market.
SILVER: Still Bearish
hey traders,
though we see some correctional movement on silver
my outlook is still bearish .
currently, the market is standing just beneath the major falling trendline .
I expect that selling volumes will accumulate and we will see a bearish breakout of a bear flag .
for us, it will be a perfect selling signal.
Target level will be 17.0
Stop will be above the highest point of the flag.
WTI Respected Daily Support. Now Going Up!
WTI has clearly respected a key structure support level on a daily.
we see a sequence of rejection/dodji/engulfing candles and rsi divergence as well.
I have a bullish bias on WTI and currently hold a long position.
My stop is 50 level but I have entered a few days earlier.
Key levels for targets:
56.0
58.0
60.0
please, support the idea with like!)
GOLD: One More Leg Down?
gold currently is consolidation in a narrow trading range.
most of the traders are waiting for a breakout to identify the market future direction.
I am aiming at bearish breakout of a minor structure support to sell the market
anticipating bearish continuation to 1417/1407 levels
GOLD: For those who missed long
hey guys,
for those who missed a bullish breakout of 1278 support,
you have a chance to catch a second bullish wave.
market right now is trading in a falling parallel channel called a flag pattern.
wait and buy a bullish breakout of this flag.
target 1 - 1286
target 2 - 1289.5
JD Long Term Supply and Demand AnalysisPrice has reached 3M demand on JD, triggered long here on the MN.
This is a long term investment for me so I purchased the stock, will also be looking for an options trade if we start to see bullish moves on the WK chart.
Price is way too low to think about shorts, longs only!
Alibaba Long Term Supply and Demand AnalysisThis is exactly why you dont buy after a huge rally! Price is losing steam, WK Demand and Support is broke now, WK in a downtrend, MN uptrend will be broke after this month.
I will wait for price to retrace to the 3M demand area drawn here, or wait for new and strong bullish impulses to start showing up on the WK and MN charts.
Patience!
trend indicator for Binary Option 80% of profitable trades This trend indicator for binary options shows excellent results both on currency pairs and crypto currencies .
You can work on most currency pairs and on different T. F, but the settings are more adapted For M 5, M15
The indicator shows the price reversal in the form of red and green dots when the candle is closed .
buy signal.
a green/dot should appear on the indicator after the candle closes .
entering a trade at the opening of a new candle the time of the trade is one candle .
sell signal.
a red/dot should appear on the indicator after the candle closes .
entering a trade at the opening of a new candle the time of the trade is one candle .
If you strictly follow the recommendations and work within this strategy, the percentage of positive transactions is about 80 % .That allows you not to use "martingale" and stay in the black with minimal risk.
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