Outlook
AAPL - 2023 idea
NASDAQ:AAPL
Based on the current trends and information available, it appears that AAPL is in a corrective x wave uptrend. While there is always the possibility of unexpected changes in the market, the chances of this being the case are higher at the moment.
Looking ahead, it is expected that there will be a last z wave correction before the flat 2022 - 2023 correction. Once this occurs, it is anticipated that weekly wave 4 will be complete.
Overall, it is important to continue to monitor the market closely and make adjustments as needed based on any new information that becomes available.
There is an alternative (grey). The alternative would be that we have already completed the correction and therefore we are already in the new wave 1 and a new uptrend. But it doesn't look like a proper wave 1 right now, therefore I do only see 30% chance of this pattern.
GBPCAD Bullish Outlook and 2 Possible Scenarios
In this multi-time frame analysis, I go over the bullish outlook and forecast on GBPCAD.
I outlined the 2 possible scenarios of the price to wait for in order to confirm the next bullish up move.
Remember to clearly understand what forecasting is for to give you a better entry rather than blindly enter without any price action confirmations.
Higher time frame:
BTCUSD to Top and Drop Late JanuaryA couple of roadmaps from the past few months copied and pasted over the current market. Both are in alignment with one another, indicating BTCUSD to potentially have a significant drop of 10% to 20% on Monday 30th Jan or Tuesday 31 Jan.
There are further roadmaps aligning on smaller time frames also indicating a potential high Monday/Tuesday.
Let's see how we go.
2023-2024 Forecast - from Dow Jones 2000-2002 dot com RoadmapThis is a chart of the Dow Jones 2000-2002 dot com bubble market overlaid on the Australian share price index, but really, this Dow Jones market could be laid upon a number of U.S. indices and you would still find a high level of correlation.
The forecast dates are unlikely to align. The overlaid will need to be pushed and pulled forwards a backwards by a number of months to achieve 1, 2 or possibly 3 'best-fit' potential outcomes.
The major low is generally more likely to aligning with a secondary low (a low just before or after the major low), or possibly one of the highs between the lows.
S&P500 - Outlook - 2023 - 1st Week of JanuaryS&P500 Outlook for the 1st week of January 2023.
Looking for a minor high, or the beginning of a strong move to the downside to HEAVILY short the market within the first few days, or first trading week of January.
1) Always have your stop loss in place.
2) Always have your 'take-profit' target planned before entering.
3) Always be open to being wrong, and exit when the market is not heading in the anticipated direction.
XAGUSD- 240 MINS TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
What to expect from markets on Thursday 15th December 2022 ? - Trade Futures on Profit Sharing basis log on to www(dot)BookProfits(dot)in and activate now.
As indicated from here every trading day in our market outlook and Nifty forecast for the day, the markets have continued to improve since the last three days after it gave the first bullish signal on Stochastics. This was foretold here a day before its occurrence And we are happy that the readers of these Posts have made good d profits by following the trend of the market, Clearly and confidently. We have received so many positive responses from the readers of our posts here. And we Thank all of them.
Now, coming to the market Outlook for Thursday 15th December tomorrow the markets will be at least sentimentally affected by the Fed meeting outcome. Which is likely to get clear by midnight. Today, that is on the 14th of December. This external event. Will have. Its bearing. On the market movement. Tomorrow. But. Bullishness continues on. The daily High low chart of nifty. The important indicator MACD. Continues. It's. Up broadcaster towards the signal line. And is confirmed by is histogram today that it is in continuation. Of. It's. Going towards giving a buy signal in the coming days, though it remains in sell mode as of now.
The bands' narrow width suggests low volatility compared to NSENIFTY's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased in the near term. The bands have been in this narrow range for 4 periods. The probability of a significant price move increases the longer the bands remain in this narrow range.
On Candles Chart, A rising window occurred with the top of the previous shadow is below the bottom of the current shadow. This usually implies a continuation of a bullish trend. There have been 9 rising windows in the last 50 candles, making the current rising window even more bullish.
Pattern analysis of the Chart indicates that the Parabolic SAR at 18710 can act as a resistance level if markets open below this level. On the upside, beyond this level, there is no resistance before 18,878 levels.
Volatility is expected tomorrow and open of the markets will be influenced by the global market trend in response to the FED meeting outcome. Once this factor is taken into stride by the markets, the bullishness is expected to continue.
USOIL - 60 MINS TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Short-term trading beat long-termWhy short-term trading into the US market beats the long-term investing in the year 2023?
As much as the Fed wanted to dial down the interest hike for the rest of the coming meetings, but they have limited control. It all depends on the forthcoming data, especially the CPI and the employment numbers.
If these data continue to have a higher number, the Fed may not have a choice, but to resume back to its massive rate hike.
There are 4 types of investor or traders, they are:
1. Long term investor
2. Short term investor
3. Short term trader
4. Intra-day trader
Greater volatility is expected in 2023 and why the 2,3, and 4 may works better in 2023.
This is what we will be discussing today:
Content:
• Investing types & its time-frame
• Short-term trading strategy
CME Micro E-Mini S&P Futures
Minimum fluctuation
0.25 point = $1.25
1 point = $5
10 points = $50
100 points = $100
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
USD JPY -Awaiting the fresh buying zoneG'day,
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A note before reading - this is a forecast analysis - based upon a long term trading strategy looking for Fresh Demand/Supply zones.
This is tagged Long due to the overall monthly demand in control, until the opportunity of a rejection of the PCP has occurred or a long opportunity from a break and retest of the trend. Overall, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers. Until this criteria is met - no trade is taken until reactive, break or curve is confirmed. Long term investment strategy rated, bullish.
Monthly
Price has established a zone of interest, where price has reached the 1998 Departure level.
Yet to test the completed supply of 1987 Supply zone as marked on the chart.
The 152 level was tapped which looking at the QTR chart which highlights this easier on the chart. This supply zone is a fresh touch - showing a strong level as the sell imbalance has reacted upon the Daily, weekly chart.
This fresh supply to many was not a level for-seen for many traders, however the technical correction now is a strong pivot position as marked.
As the sequence has not completed (overall long) price is using this sell opportunity to now look for new zones for purchasing (especially on the weekly and monthly).
- Three month chart - this assists here with
Weekly
Price has established a technical zone from a fresh supply in place from 152-146. Although the opportunity here is a 600pip zone. Short sellers will have taken over in the smaller time zones. Again reference to the three month chart against the weekly below - Weekly/QTR chart.
The weekly distal has been established - with the 152.00 being the stop loss or slightly above for sells. The left chart - weekly shows the key retest of the QTR zone and successfully rejects this level.
Looking for buys on the chart offers two zones - 1. The PCP or FL demand ranging between 135-130.5 (est). Now having this zone in place - imbalance traders will need to follow the rules of a break of curve - clear rejection upon a reactive wick or await an engulfing move in favour of a squeeze or (descending triangle), consolidation and or a pattern interchangeable of both.
The second zone of interest here offers the combo box of the monthly and weekly zones - pointed out with the 'Green' eclipse and the monthly zone. For a market structural cycle - price can net out here (revert to chart - with the Fibonacci extension which points towards the imbalance alignment.
Weekly/QTR Chart
- Fibonacci Extension
Daily chart
The daily shows the price is now shifting from the pivot point from 137.5 (est) - creating now a bullish reaction towards the range top of 142.** this will be the prime range of establishing a bull and sell position within a range formation.
The down trend is still prominent with down and right on the overall short term basis from the from chart with the daily supply zones added with a price looking to pivot towards 141.3X area which is the next zone of interest from the view of a lower high formation.
A Bearish chart option - where price can break the pivot.
Adding
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Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
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LVPA MMXXII
Silver Bullish Outlook for 2023COMEX:SI1!
Deficit in Supply
Inflation Hedge
Weaker Dollar is plus
Huge performance divergence to Gold. Possible catch up ?
Silver demand is forecasted to double
Historically cheap
Industrial use increases
Long term buying opportunity with a first price target of ~30 $
🧩WEEKLY OUTLOOK: GOLD, EURUSD, GBPUSD, US100🧩Thanks for sending your pairs and taking part in this profile's life :) Here's the weekly outlook
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
EURAUD WEEKLY BREAKDOWN,Wednesday , or earlier will be , short sharps sell for EURAUD, sell for oppurtunity, when and only the buy is good , and fast buy.
We name it, (fast market reversal), close to Keylevel.
The Price usually will up fast as 60pips per candlestick. or 150-170 pips rough candle per 4-8 hours, 30% of daylight trading,
that usually will make up and go to the 3 days or 1-2 days , then the Fast market reversal.
so we wait for sell, just look and monitor when the price up, so just avoid some Unsharp decision sell.
GBPUSD WEEKLY BREAKDOWN,Price continously with the momentum of after Reversal ,
from down to first UP buy, now at the middle point of weekly, close to some Key-level, and will go Up, or Down.
Depends the price volumes and action, we can catch somes shorts sell and avoid somes unsharp sell decision, becareful with High price spike of GBPUSD , the Longterm may up, but look at current price, there is retracement short.
- MasterPrince63
EURO/JPY LONG OUTLOOK.EURJPY
expecting the next move upwards , following the data from COTreport on EUR going from -11k net position to +33k net posion and JPY from
-80k net p to -81k net position ...
technicals showing that market has tested previous key area .However, with confirmation i would be looking to long EJ
US10Y Elliot Wave Analysis (fun might be over) **WHERE DO WE START**
At this point it is nearly unarguable that the move up form the Covid lows looks impulsive, meaning we are in some sort of a new bull cycle.
In the past, since US10Y's inception back in the late 1970s the path it followed had a downwards trajectory that made new lows after each bull cycle was done. The US10Y would then correct those lows over the next 2-4 years or so and retrace to .5 fib or .618 fib of the previous high. It did this every single time, however in 2022 it is acting very different. For the first time in history since inception the US10Y blasted through the .618 fibonacci retracement of the previous top which was in November of 2018.
My view was bearish for most of this year since we were coming up against strong resistances, however since the price pierced through them all with little effort and continued up makes me lean bullish on the Macro outlook.
**TRUNCATION**
Truncation (definition) - What is truncation in trading. In most impulses, the fifth of the Elliott waves extends beyond the extremum of the third wave, but sometimes the fifth wave may not reach the end of the third wave . This phenomenon is called truncation or truncated wave.
The next event I need to go into is the truncation of the 5th wave down that took place in August of 2020. Truncations are rare events in Elliot Wave Theory and require very careful analysis to ensure the count is not something different. It is more likely to see a truncation in very volatile environments, and Covid crash of 2020 was undoubtably one. This truncation does not show up on US05Y or US02Y leading me to believe the actual bottom on US10Y was in August of 2020 and NOT in March of 2020. However this doesn't change the current count, just some clarification for those using Elliot Waves.
**WHERE ARE WE NOW**
Since the bottom we see an impulse up of which waves (1) and (2) are complete and wave (3) is in progress currently finishing it's 5th subwave. I expect the price to come to 4% or even 4.5% before the likelihood of a pullback for wave (4) becomes highly likely. The wave (4) retracement should be relatively large pulling back to .236 or .382 on the fibonacci levels from the top of wave (3). The price could come down to 2.75% - 3.5% on US10Y depending on how high wave (3) ends up going, although wave (4) pullback is allowed to go as low as .5 fib which could bring the US10Y down even below 2.75%, but I must say I find that unlikely considering how bullish this move up is coming to be.
**LIKELY PRICE PATH**
What's beginning to look clear is that after we finish wave (4) in a 3 wave structure down or perhaps a triangle formation (common in wave 4 pullbacks), we are still going to need to complete the impulse sequence and start a wave (5) up. Yes, I expect US10Y to hit and possibly go past 5%. Once there we have a completed wave 1 on a Macro outlook since the crash of 2020. I will then expect government treasury bond yields to enter a short term "bear market" and correct the entire move shown in the chart as red ABC down. This could then be last great pullback... and an opportunity to buy a house at a very affordable rate. Why? Because once this ABC that will correct this entire bull move up is done, we should see continuation in rising interest rates in a new bull cycle up. A 5 wave Elliot impulse is not a complete sequence, it should be followed by a 3, 7, or 11 wave down correction. Typically retracing to .5 or .618 on fibonnaci retracement levels and continue up again in a minimum of 5 waves.
**CONCLUSION**
The era of cheap rates might be coming to an end, and 2020 covid crash might have marked a long term bottom on treasury yields.
Cheers,