Dollar Index (DXY): Pullback From Resistance
I think we may see a local bearish continuation after a test
of a key daily/intraday resistance.
A local Change of Character on an hourly clearly shows the strength of the sellers.
The index may retrace at least to 106.53
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S&P500 -Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
5677.80 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
There is a divergence in RSI and price between the peak at 6107.47 on 2024-12-06 and the peak at 6150.07 on 2025-02-19, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 6150.05 on 02/19/2025, so more losses to support(s) 6031.27, 5875.31, 5777.28 and minimum to Major Support (5677.80) is expected.
Relative strength index (RSI) is 49.
Supports and Resistances:
5568.78
5398.95
5194.10
5039.36
4944.41
4843.23
4662.99
4544.26
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XRP Breakout Setup – Perfect Harmonic Pattern#XRP is setting up for a massive move!
✅ Harmonic Pattern in Play – Harmonic pattern is forming, signaling a potential reversal.
✅ Bullish Divergence – RSI/MACD is showing strength, indicating momentum shift.
✅ Key Resistance Level – A breakout above could trigger a strong rally.
Trading Plan:
Wait for a confirmed break and retest of the resistance.
Enter a long trade with stop-loss at 2.31 and target 2.6 to 2.7.
Risk Management: Using a 1:2 or higher risk-reward ratio.
Will #XRP break out or fake out? Drop your thoughts below!
SPY/QQQ Plan Your Trade For 2-25-25: Rally PatternToday's Rally pattern will likely prompt a fairly strong recovery (upward) price move in the SPY before the markets turn/rollover and head lower again after reaching a top.
I see this move paired with the Metals cycle patterns, which suggest metals will move downward. I believe this will be the result of stronger USD price levels, which will translate into an initial SPY rally phase (driving the price higher) and then rolling over into more selling.
Ultimately, I believe the lows on Wednesday or Thursday will be the immediate base/bottom for this breakdown phase (near 587-593).
I'm not getting overly aggressive related to today's RALLY pattern.
I don't believe the markets have the momentum to rally very hard today and I believe we'll see a ROLLOVER type of move today - resulting in more downward selling.
BTCUSD is usually tied to the QQQ/NQ related to price action and the breakdown of BTCUSD may put additional pressure on the QQQ/NQ today.
So, get ready for a pretty volatile day. My estimate is price will ROLL DOWNWARD after a moderately strong open. Then, get ready for some volatility.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Potential bearish drop?The Gold (XAU/USD) is reacting off the pivot which lines up with the 161.8% Fibonacci extension and could drop to the 1st support which has been identified as an overlap support.
Pivot: 2,953.33
1st Support: 2,882.38
1st Resistance: 2,979.66
Risk Warning:
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
META I Potential Long Opportunity Welcome back! Let me know your thoughts in the comments!
** META Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
SPX's Multi Month Stall at Resistance. A decision in SPX has to be due soon. For 4 months now it's barcoded at the same 1.61 general inflection zone.
From here I find we typically reject or we trade to the 2.20. Both of these would be a 8 -10% move - it's just a question of to which side.
SPX has started to shape up a lot like a break.
If the bear thesis is correct it needs to be evidenced by a big red monthly bar.
I'd estimate it has to be something in the range of about 8% and sometime March/April.
Should be fairly obvious. And we're getting to the levels where the break is close to being "Confirmed" (not that I rank the idea of confirmation too high, many of the worst trades ever were "confirmed").
9/10 sketchy.
Looking really sketchy out there.
BTCUSD: These are historically the best conditions to buy.Bitcoin has turned oversold on its 1D technical outlook (RSI = 27.940, MACD = -1745.600, ADX = 37.260) and neutral on its 1W (RSI = 50.407). These are historically the best conditions to buy. Neutral long term, oversold short term. Last time the 1D RSI was oversold was on the August 5th 2024 low, which was the bottom of Bitcoin's prior consolidation phase. At the time, the market was again inside a Channel Down, and the rebound after the August bottom, immediately targeted the 0.786 Fibonacci. Consequently, our first target is the 0.786 Fib at the top of the Channel Down (TP = 102,000) and after it breaks, we expect a rally similar to October-December 2024.
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Lista DAO: Bullish Sequence, Bullish Market, Bullish Confirmed The action present on this chart confirms the bullish bias which is now present within the Altcoins market. The low/bottom was set in early February, on the third.
Notice first the very strong downtrend marked here with a black line.
We are looking at LISTAUSDT on the daily timeframe.
The day the down-trendline is broken LISTAUSDT produces the highest bullish volume day ever. So lots of buying happened to switch from bearish to bullish.
The initial bullish breakout, which is the first bullish jump after the bottom is in, tends to go into retrace immediately after showing up. This is standard price action. If the market is set to go bullish and continue bullish, this retrace tends to end in a higher low. This is exactly what we see on this chart. HL = Higher Low.
The higher low will lead to a bullish wave and the bullish wave will lead to higher and higher and higher prices.
Thank you for reading.
Namaste.
COIN: Lol...LOL, who needs WSB for loss porn, just come to COIN ideas on TV xD.
While everyone was desperately longing this last week, I was shorting.
Take a look at the chart. These lines represent supply and demand zones that are algorithmically determined. Red is supply, green is demand.
There is no demand until sub 200, at around 190.
A huge daily gap fill as well.
Don't really need math for this.
However, if you're interested in the math I'll throw you a tip, expect a further -0.6 to -1% decline into tomorrow.
Safe trades, not advice!
BTC/USD Sideways moment consolidation off bullish trend on 90.1k🚀 BTC/USD Price Forecast – Consolidation Before the Next Big Move! 🚀
Bitcoin is currently in a sideways consolidation phase after a strong bullish trend. A downside channel pattern suggests a possible touch at $86,000, which could serve as a key re-entry zone for buyers before the next bullish wave.
📉 Key Support Zone: $90,100 - $86,000
📈 Bullish Rebound Expected: If BTC confirms support at $86,000, a strong upward move is likely!
🎯 Target Levels:
✅ 1st Target: $96,500
✅ 2nd Target: $102,500
✅ 3rd Target: $107,200
⚠ Risk Management is Key!
🔹 Set your stop loss wisely
🔹 Follow the trading strategy
🔹 Trade smart & stay ahead of the market!
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Bitcoin broke down- Is 75k next target?Over the past three weeks, Bitcoin has remained virtually unchanged, trading within a range of 95K–97K.
However, yesterday, the price broke below this range, dropping to the 91K confluence support—a key level I’ve highlighted in previous analyses.
After briefly spiking as low as 87K, BTC has rebounded to around 90K, but if we analyze the price action objectively, there are no clear bullish signals.
From a technical perspective, the three-month trading range has broken to the downside, suggesting a continuation of the downward trend.
I anticipate further losses for BTC, and a drop to 75K in the coming months wouldn’t be surprising. 📉
Microstrategy Enters "The Valley of Risk"A term I have coined, "The Valley of Risk", describes a price chart which has had a prior very strong bullish trend, pulls back to its 50% Retracement Support, and then fails to hold it... entering a long, grinding, bearish deflation which coincides with the heavy negative emotion being felt by those still holding the bag.
Inside the "Valley of Risk" nothing one does is correct:
If you sell... it will bottom and rally
If you buy... it will continue down
If you baghold... it will continue to go down until you cannot stand it and #1
This is just a pattern of human emotion being reflected on a price chart... which is what price charts ultimately are. It is best to avoid going into the Valley of Risk and have strict rules against bagholding. Deploy your capital elsewhere that there is a better potential rate of return.
When I teach about this concept I always look back to Zillow NASDAQ:Z . This was a stock I bought "on a dip" at 111 and made the right decision to sell my position at a loss at 102 when the stock price violated the 50% Support. This allowed me to avoid the horrible Earnings miss gap and the final -74% depreciation. My position still would not have recovered as of writing.
As I published months ago, it became clear to me that the over exuberance and fancy financial buzz words being thrown around about NASDAQ:MSTR were signs of a ponzi about to collapse. Well, the "Bitcoin nuclear reactor" has cooled and the leverage baked into Microstrategy would be its downfall. That has now come to pass. There are some other interesting elements of price action which have been textbook in this decline that I want to talk about in this post.
The 50% Retracement:
The operative level for the last 3 months has been 328. This is the 50% Retracement of the YOLO rally. In the pullback from the ATH 440 became the 50% Retracement Resistance.
The Ichimoku Cloud Breakout Confirmed:
The other textbook setup was when the Ichimoku Cloud Breakout was confirmed by the Lagging Span entering clear bearish space after price had exited the cloud. Interestingly, this happened at the same exact day as Bitcoin; last Friday. You can read more about this strategy and my 14 year study of how effective it is in my recent Ideas:
So what now?
That is the eternal question of "The Valley of Risk". There is never a good answer because the technical supports have been broken.
Personally though I need to answer this question for my bearish positions. The most logical point to look would be the Volume Profile POC at 165. However, Microstrategy is going to move concurrent to Bitcoin itself and knowing the past bearish cycle patterns this week, through brutal, will find a bottom. I do not believe it will be the final bottom only that price may hesitate at some point for perhaps even a month.
My trade management
This week I will be selling premium against my long Puts, which go out to 2027, to offset my Theta while still remaining short Delta.
The Power of a Trading Journal: Key to Consistent SuccessHave you ever pondered what distinguishes successful traders from those who struggle for consistent profits? One key tool, often underestimated, is the trading journal. Both research and practical experience demonstrate that traders who diligently track their performance and critically assess their decisions tend to enhance their trading skills and overall results over time. While financial markets can seem erratic, a well-maintained trading journal can provide clarity regarding your trading behavior and highlight areas ripe for improvement.
Understanding the Trading Journal
At its core, a trading journal serves as a comprehensive record of your trades, detailing every decision and its corresponding outcome. However, it goes beyond a mere tally of wins and losses; it acts as a robust instrument for self-reflection and growth. By keeping an organized log, traders can identify recurring patterns, refine their strategies, and cultivate greater discipline in their trading practices. In essence, a trading journal empowers you to track your performance while offering meaningful insights for informed decision-making.
What Constitutes a Trading Journal?
A trading journal is a personalized record of your trading journey designed to document every aspect of your experiences. Unlike a basic transaction log, it encompasses insights into your decisions, emotional states, and strategies, thereby providing an in-depth perspective on your trading habits and performance over time. This journal functions as a roadmap, enabling you to analyze your actions, learn from missteps, and recognize successful patterns to replicate in future trades.
Essential Components of a Trading Journal
1. Trade Details:
Log fundamental information for each trade, including the date, instrument, entry and exit points, position size, and the outcome.
2. Trade Analysis and Rationale:
Capture the reasons behind each trade, such as market analysis, utilized indicators, or significant news events influencing your decision.
3. Emotional Insights:
Document the emotions felt before, during, and after each trade, which will help you identify emotional triggers impacting your decision-making.
4. Results and Lessons Learned:
Reflect on the trade’s outcome and the insights gained. Did it align with your expectations? What could be improved next time?
By consistently maintaining these entries, your trading journal will allow for systematic performance tracking, enabling you to conduct insightful trade analysis and continuously enhance your trading methodology.
The Key Benefits of a Trading Journal
Maintaining a trading journal provides numerous benefits that can significantly elevate your trading performance over time. From honing decision-making skills to fostering emotional discipline, a trading journal is an invaluable asset for anyone committed to enhancing their trading approach.
1. Enhanced Decision-Making:
Analyzing past trades enables you to discern patterns in your decision-making process, both successful and otherwise. You might uncover that certain strategies work better under specific market conditions or that impulsive trades frequently lead to losses. Understanding these patterns grants you valuable insights for making informed, calculated choices in future trades.
2. Improved Emotional Control:
Trading often involves a rollercoaster of emotions, with factors like fear and greed skewing decision-making. Documenting your feelings during trades can help you identify emotional triggers and develop strategies to manage them, maintaining objectivity and preventing emotions from derailing your trading plan. Over time, this fosters emotional control, which is crucial for sustained trading success.
3. Increased Consistency and Discipline:
A trading journal encourages consistency by promoting adherence to your trading plan and strategies. By recording every trade—regardless of its outcome—you cultivate a disciplined mindset that helps you avoid impulsive decisions and maintain a structured approach aligned with your objectives.
How to Establish Your Trading Journal
Creating a trading journal is quite simple; the key lies in selecting the right format and knowing what to document. Follow this guide to set up a journal that effectively tracks your trading performance and identifies growth opportunities.
Selecting Your Format:
1. Digital Applications:
Tools like Evernote, OneNote, or specialized trading journal software offer accessibility, data backup, and automation. Many apps include analytics features for streamlined performance tracking.
2. Spreadsheets:
Utilizing Excel or Google Sheets affords flexibility and customization. You can craft a spreadsheet tailored to your needs, complete with specified fields, formulas, and visualizations.
3. Paper Journals:
For those who prefer a tactile approach, a traditional notebook can suffice. While writing by hand fosters reflection, it lacks digital conveniences like searchable records.
Crucial Information to Record:
To enhance the effectiveness of your trading journal, make sure to include these key data points:
- Entry and Exit Points:
Log the precise times and prices at which trades are entered and exited.
- Position Size and Trade Details:
Note the trade size, instrument, and any pertinent details.
- Motivation for the Trade:
Document the analysis or strategy that influenced your trade decision, whether rooted in technical analysis, fundamental factors, or broader market trends.
- Emotional State:
Record your feelings throughout the trading process to better understand emotional influences.
- Trade Outcome and Lessons:
Reflect on the trade's success and any insights gained, noting what worked well or what didn’t.
Starting a trading journal requires minimal time but can significantly affect your long-term ability to track performance and improve.
Read Also:
Reviewing Your Trading Journal for Growth
A trading journal can only yield benefits if you regularly review and analyze its contents. Consistent reviews enable you to identify patterns, adjust strategies, and enhance your trading acumen.
Setting Review Periods:
Designate time—weekly, biweekly, or monthly—to review your journal. These sessions reinforce your commitment to your goals and reveal areas needing adjustment, ensuring ongoing learning from your trades.
Spotting Patterns and Mistakes:
Analyze your trades for recurring themes. Determine if you consistently act on particular signals or if emotional responses lead to poor decision-making. Acknowledging frequent mistakes marks the first step toward correcting detrimental behaviors.
Implementing Adjustments:
Leverage insights from your journal to modify your trading strategies. If a specific method isn’t yielding results, revise or replace it accordingly. If certain emotional triggers lead to losses, develop coping mechanisms to mitigate their influence.
By committing to regular reviews, you can transform your trading experiences into invaluable lessons that foster better habits and skills.
Read Also:
Maximizing the Benefits of Your Trading Journal
To fully reap the rewards of a trading journal, it's crucial to engage with it effectively. Here are tips to enhance your journaling experience:
1. Maintain Consistency:
Regularly enter details after every trade or at least daily. This practice captures relevant details while they’re recent, building a robust record for analysis.
2. Practice Honesty:
Accurately document both successes and failures. A truthful account allows for clearer insights into areas needing improvement, as self-awareness plays a vital role in progress.
3. Utilize Visuals:
Incorporate charts, graphs, or screenshots to enrich your journal. Visual aids facilitate pattern recognition and provide a more comprehensive understanding of your trading performance.
Read Also:
Conclusion: The Transformative Role of a Trading Journal
A trading journal is an essential tool for any trader pursuing consistent success. By meticulously recording trades, scrutinizing decisions, and learning from both victories and defeats, you can sharpen your skills, master your emotions, and cultivate a disciplined approach to the markets. Beyond merely documenting past trades, a trading journal offers critical insights that can profoundly influence your long-term performance. By consistently utilizing this resource, you can decipher your unique trading habits, refine strategies, and ultimately boost your confidence in decision-making.
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GBP/USD HOLDS ABOVE 1.2600 AMID CAUTIOUS MARKETSGBP/USD holds steady above 1.2600 in European trading on tuesday,helped by a fresh bout of Us Dollor Selling even as markets remain cautious amid trade war fears.Atention turns to BOE chief Economist pill's speech and US consumer Confidence data for further impetus.