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The Fed’s policy is unclear, beware of a plunge in gold prices!
From the 3120 area to 3320, there is just 200 US dollars of space, and it continues to sweep around the large range of the weekly level (200-300 US dollars), thus forming a large channel range sweep.
Acceleration point 3284, sprint to a new high of 3500, confirm the high point and start to fall
The first support point is 3260, support and pull up 110 US dollars to find 3370, and fall 168 US dollars for the second time to break the low
The second support point is 3202, support and pull up to find 233 US dollars to find 3435, and fall 315 US dollars for the second time to break the low
The third support point is 3121-3120 area, support and pull up to find the current 3320 area (temporarily 200 US dollars)
So, two positions are used as references, one is 3320 (an increase of 200 US dollars), and the other is 3370 (an increase of 250 US dollars)
Temporarily set these two positions, and pay attention to the top and bottom conversion below The position of 3250 and the double-line position are used as the boundary. If it falls back below the double-line in the later period, it will look for the lower track of the channel.
The distance between the two pressure points is 50 US dollars, which is just close to the range of space switching this week. It sweeps from the range of 3250-3150 and switches upward after breaking through. The same range is about 50 US dollars.
So, for today's market:
If the first pressure point of 3320 is suppressed and 50 US dollars are lowered, the 3270 area is to be found, and then the gains and losses of the top and bottom conversion position 3250 are to be paid attention to.
If it continues to rise and break the high, the subsequent attention will be the second pressure point in the 3370 area. If the suppression is successful here, it will still maintain the sweep of the channel range below.
Therefore, for today's gold, the price bottomed out and rebounded close to the upper track area of the channel line. Pay attention to the two pressure points of 3320 and 3370, with a space range of 50 US dollars, and switch the space successively. If it switches further upward, it will be 3420, and if it switches further downward, it will be 3270.
Previously, the price continued to sweep around the 3150-3250 area. At the beginning of this week, it repeatedly swept around the 3250-3200 range with 3250 as the suppression. Yesterday, Tuesday, the US market broke through 3250 and rose by more than 30 US dollars in the short term. After the rise, it directly remained at a high level. Today, Wednesday, the Asian market price continued to rise in the short term and rushed to the 3315 area, and fell sharply by 30 US dollars to find 3285, and continued to rise and break the high to the 3320 area. If it is strong, it will directly break through 3320 and further rise to find 3370. If it is a sweep, then the 3320 position will be tested repeatedly, and the pressure will fall back. This time the range is considered to be 50 US dollars, at least 30 US dollars. The space budget is around 50 US dollars, which is also the difficulty of the recent market. The start is 30-50 US dollars. The process is not continued, and there is no special signal. Before the result comes out, it depends on blind selection. It must be firm, flexible, and decisive! The price is currently hovering in the 3318-3320 area. The first pressure option is here. We choose to use this as pressure to hold short orders. If the pressure is successful, we will look for 3300-3190, followed by 3170-3160. Otherwise, we will focus on the next pressure option of 3370, which is close to the upper pressure rail of the channel. Be careful of new turning points.
12 monthCandles with a 12-month duration are uniquely crafted to burn slowly and steadily over the course of an entire year. These are not ordinary candles; they are long-lasting, high-quality pieces designed to serve both a functional and symbolic purpose. Often used in spiritual, religious, or ceremonial contexts, these year-long candles are made from premium wax blends that ensure even burning and minimal residue. The extended burn time makes them ideal for marking long-term commitments, setting intentions for the year ahead, or commemorating significant milestones.
A candle that lasts for 12 months can be a powerful visual reminder of a goal, prayer, or meditation practice. Many people use them as a tool for mindfulness, lighting them during daily rituals or weekly reflections. Because of their longevity, they are often associated with endurance, patience, and stability—qualities that are especially meaningful in today’s fast-paced world.
NVDA When the Dome is Pierced but the Crowd Doesn’t Cheer.NVDA pierced the dome. But the market didn’t roar—just whispered.
You’d expect prices to leap on headlines like “hyperscalers buying hundreds of thousands of H100s and B200s.” But instead, we’ve seen price hesitations… rejection wicks… and a quiet fade into the resistance box.
That’s the tell.
The “bull case” is loud—CoreWeave, Meta, and Microsoft are all investing capex in datacenter growth.
Headlines scream demand.
Analysts raise price targets.
AI buildout is the macro story.
And yet… NVDA can’t sustain above 137.
Technically, this is what I'm seeing:
A clear inverted dome pattern—price pierced through, but volume didn’t confirm.
Rejection within the gray box: 134–137 remains a trap zone.
Rising wedge structure beneath, with weakening RSI momentum.
Key levels to watch:
137.50: Failure here confirms the fakeout.
134.28: break below, and the dome reasserts control.
130.64: losing this brings 119.59 into play—fast.
Fundamentally, the risk is timing:
Much of the demand for NVDA’s next-gen chips is already pre-booked.
Margins on the newer nodes may face pressure.
The buyer base is concentrated: a few hyperscalers dictate 80% of the flow.
If AI expectations plateau—even temporarily—valuation multiple compression is severe.
And then there’s the macro:
10Y and 30Y yields are pushing higher after a soft CPI print.
Moody’s downgrade lingers in the background.
Japan’s bond market is wobbling.
The bond lords are watching—and if they whisper “not at these yields”, risk assets will reprice.
This isn’t about fear. It’s about understanding silence.
When the loudest news doesn’t move price, something else is pulling strings.
Positioning note:
I hold puts. 5 contracts. Small size, but high conviction setup.
This isn’t just about charts—it’s about recognizing when perception has outpaced inflow, and when liquidity begins to vote.
The dome was pierced.
But without volume, it’s just vapor.
And when vapor meets gravity, price falls—silently.
DOLLAR I Weekly CLS I Model 2- Target CLS HighHey, Market Warriors, here is another outlook on this instrument
If you’ve been following me, you already know every setup you see is built around a CLS range, a Key Level, Liquidity and a specific execution model.
If you haven't followed me yet, start now.
My trading system is completely mechanical — designed to remove emotions, opinions, and impulsive decisions. No messy diagonal lines. No random drawings. Just clarity, structure, and execution.
🧩 What is CLS?
CLS is real smart money — the combined power of major investment banks and central banks moving over 6.5 trillion dollars a day. Understanding their operations is key to markets.
✅ Understanding the behaviour of CLS allows you to position yourself with the giants during the market manipulations — leading to buying lows and selling highs - cleaner entries, clearer exits, and consistent profits.
🛡️ Models 1 and 2:
From my posts, you can learn two core execution models.
They are the backbone of how I trade and how my students are trained.
📍 Model 1
is right after the manipulation of the CLS candle when CIOD occurs, and we are targeting 50% of the CLS range. H4 CLS ranges supported by HTF go straight to the opposing range.
📍 Model 2
occurs in the specific market sequence when CLS smart money needs to re-accumulate more positions, and we are looking to find a key level around 61.8 fib retracement and target the opposing side of the range.
👍 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions.
⚔️ Listen Carefully:
Analysis is not trading. Right now, this platform is full of gurus" trying to sell you dreams based on analysis with arrows while they don't even have the skill to trade themselves.
If you’re ever thinking about buying a Trading Course or Signals from anyone. Always demand a verified track record. It takes less than five minutes to connect 3rd third-party verification tool and link to the widget to his signature.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
— David Perk aka Dave FX Hunter ⚔️
XAUUSD at Key Resistance – Breakout or Rejection?Gold is moving within the range at the moment and trying to break 3320. The price bounced from the higher low and is currently testing a key resistance zone around 3320. While the pair remains within the broader upward channel, early signs of rejection could trigger a pullback toward the support level. For bulls to maintain momentum, a clear breakout and hold above the descending trendline is essential. Failure to do so would confirm another lower high, increasing the likelihood of further downside.
Most Watchable areas:
$3320-3330 and $3293-$3305
Proper break above $3330 can open the door to $3360 and if it will be rejected from this area
then Sell will be triggered with target of 3230.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
GBPUSD COT and Liquidity AnalysisCOT Report Analysis:
We can see longs coming to the markets. But don't fall for the trap yet. They accumulate for
weeks. We will see, most likely at least one more down week, where they will be closing shorts and adding more long positions.
Hey, what up traders, another week, another COT data and Liquidity report. This is a big part of my FX Trading. I'm always trying to trade with the Big players, so knowing their positions is a good thing.
📍Please be aware that institutions report data to the SEC on Tuesdays and data are reported on Fridays - so again, we as retail traders have a disadvantage, but there is the possibility to read between the lines. Remember, in the report is what they want you to see; that's why prices mostly reverse on Wednesday after the report, so their cards are hidden as long as possible. However, if the trend is running, you can read it and use it to your advantage.
📍Tip: If the level has confluence with the high volume on COT, it can be strong support / Resistance.
Analysis done on the Tradenation Charts
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
Have a great trading week, see in the next report.
— David Perk aka Dave FX Hunter ⚔️
BTC Long View by Mythic TraderBTC Long View by Mythic Trader. Let's take BTC again close to its ATH. Don't try to decode my trades because you can't. Sorry to say this but its Reality. People are still stucked in SMC and ICT. They don't even klnow that there are some more thing thats exists in the Market. And yes, now dont think that its EWT:)
Exposing Price Inefficiencies: The Role of Fair Value Gaps (FVG)In the ever-evolving landscape of price action trading, one concept has gained significant traction among institutional and retail traders alike: Fair Value Gaps (FVGs) . At Xuantify, we believe that understanding market inefficiencies is key to anticipating high-probability setups—and FVGs offer just that.
🔍 What Is a Fair Value Gap?
A Fair Value Gap is a price imbalance that occurs when the market moves too quickly in one direction, leaving behind a "gap" in liquidity. This typically happens during high volatility or news-driven events, where price skips over levels without sufficient buying or selling.
In technical terms, an FVG is identified when a candle’s low (in a bullish move) or high (in a bearish move) does not overlap with the previous or next candle. This creates a three-candle structure :
- Bullish FVG : Candle 1 (bearish), Candle 2 (strong bullish), Candle 3 (bullish or neutral)
- Bearish FVG : Candle 1 (bullish), Candle 2 (strong bearish), Candle 3 (bearish or neutral)
These gaps often act as magnets for price , as the market seeks to rebalance and fill the inefficiency.
🧠 Why Do FVGs Matter?
FVGs are not just visual anomalies—they represent institutional footprints . When large orders are executed, they often cause price to move rapidly, leaving behind unfilled orders. Smart money tends to revisit these zones to complete their positions.
Key Benefits of Trading FVGs:
- ✅ High-probability entries: Price often returns to fill the gap before continuing its trend.
- ✅ Clear invalidation levels: The edges of the gap provide natural stop-loss zones.
- ✅ Works across timeframes: From scalping on the 1-minute to swing trading on the daily.
🧩 Using the “Fair Value Gap ” Indicator
To simplify the process of identifying and trading FVGs, we recommend the Fair Value Gap indicator on TradingView. This tool automatically highlights bullish and bearish FVGs, tracks their mitigation, and even provides alerts when gaps are filled.
Key Features:
- Auto-detection of bullish and bearish FVGs
- Mitigation tracking: See which gaps are filled and which remain open
- Threshold filtering: Focus on significant gaps by adjusting the minimum size
- Dynamic mode: Monitor evolving FVGs in real time
- Alerts: Get notified when price fills a gap
💡 No Repainting, No Delays
One of the most reassuring aspects of this indicator is that it does not repaint . Once a fair value gap is printed, it stays on the chart—no disappearing zones, no misleading signals.
Even better, the indicator plots FVGs in real time . It uses a three-candle structure and confirms the gap immediately after the third candle closes . This means you’re seeing valid, actionable gaps as they form—not in hindsight.
This makes the LuxAlgo FVG tool a reliable companion for both live trading and backtesting , giving traders the confidence that what they see is what the market actually delivered.
How to Use It:
1. Add the indicator : Search for “Fair Value Gap ” in the TradingView Indicators tab.
2. Adjust settings :
- Use the “Threshold %” to filter out smaller, less relevant gaps.
- Enable “Mitigation Levels” to track filled gaps.
- Use “Auto Threshold” for adaptive filtering based on volatility.
3. Trade setups :
- Contrarian : Wait for price to fill a gap and look for reversal signals.
- Trend-following : Enter trades in the direction of the gap when it forms.
⚠️ FVGs Are Not Always Honored
While FVGs offer powerful insight into market inefficiencies, it's important to remember: they are not guaranteed reversal or continuation zones . Sometimes price will blow right through a gap without reacting—especially in trending or news-driven markets.
Why this happens:
The gap may have already been mitigated on a lower timeframe
Strong momentum or macroeconomic catalysts override technical zones
The FVG is too small or lacks confluence with other key levels
How to manage this:
Always combine FVGs with structure, liquidity, and volume
Use alerts and confirmations (e.g., candle patterns or BOS/CHOCH)
Avoid trading FVGs in isolation—context is everything
🧠 Best Indicator Combinations with FVG
To increase the accuracy of FVG-based setups, we recommend combining the LuxAlgo FVG indicator with the following tools:
1. Market Structure (LuxAlgo Smart Money Concepts)
Identify breaks of structure (BOS) or change of character (CHOCH) near FVGs. Use structure shifts to confirm whether the FVG is likely to hold or fail.
2. Volume Profile or Session Volume
Confirm FVGs with low-volume nodes or volume gaps . FVGs aligning with volume imbalances are more likely to be respected.
3. Order Blocks
Look for FVGs that overlap with bullish or bearish order blocks . This confluence often signals institutional accumulation or distribution.
4. Relative Strength Index (RSI) or Stochastic
Use momentum indicators to confirm exhaustion or continuation near FVGs. For example, a bullish FVG + oversold RSI = potential long setup.
5. Liquidity Zones (Equal Highs/Lows, Swing Points)
FVGs near liquidity pools are often targeted before reversal. Combine with sweep setups for sniper entries.
Here’s a new section you can add to your blog post, focusing on the power of **Multi-Timeframe (MTF) FVG Alignments**:
🧭 Multi-Timeframe FVG Alignments
One of the most powerful ways to increase the reliability of Fair Value Gaps is by using multi-timeframe confluence . When FVGs align across different timeframes—say, a 1H FVG inside a 4H FVG zone—it often signals a high-probability reaction area .
Why it works:
Higher timeframe FVGs represent broader institutional imbalances
Lower timeframe FVGs offer precise entries within those zones
Alignment confirms that multiple layers of market participants are active in the same area
How to use it:
Start with a higher timeframe (e.g., 4H or Daily) and mark key FVGs
Drop to a lower timeframe (e.g., 15M or 1H) and look for fresh FVGs forming inside the higher zone
Wait for structure shifts or liquidity sweeps within the lower timeframe FVG before entering
This technique is especially effective when combined with tools like LuxAlgo Smart Money Concepts and Volume Profile , helping you time entries with sniper-like precision while staying aligned with the broader market narrative.
📊 Backtest It Yourself
FVGs are best understood through chart time . Load up your favorite pair on TradingView, activate the LuxAlgo FVG indicator, and observe how price reacts. You’ll be surprised how often these zones act as support, resistance, or launchpads for major moves.
🚀 Final Thoughts
Fair Value Gaps are more than just a buzzword—they’re a window into how smart money operates. By incorporating FVGs and tools like the LuxAlgo indicator , you gain a deeper understanding of market dynamics and a sharper edge in execution.
At Xuantify, we’re committed to decoding institutional logic and bringing it to the retail trader. Stay tuned for more insights, and as always— trade smart, not hard .
Suzlon Energy: Breakout on the Horizon? Stock Alert for Swing Traders & Investors!
📊 After months of moving sideways, Suzlon has finally reached a critical resistance level at ₹61 – a level it has tested four times (R1 to R4) since January 2025.
🔍 This tight consolidation zone between ₹50 and ₹61 has acted like a pressure cooker – and we all know what happens when pressure builds up too much! 💥
📌 Why this matters:
4x resistance tests = strong breakout potential
Volume surge on recent moves = smart money interest?
Breakout above ₹61 could open gates for a big rally 🚀
💡 What to watch for:
A strong closing above ₹61 with good volume = breakout confirmation
Retest of ₹61 as support = ideal entry for bulls
Target zones = ₹66, ₹70+ in coming weeks (based on past price action)
📣 Are you ready for the move? Or will you watch it from the sidelines? for more info contact me
$BTC Short Setup Key Technical Elements
1. Rising Wedge Pattern
The price is currently at the top of a rising wedge, a bearish reversal pattern.
Wedge resistance is being respected.
A fakeout (or deviation) above resistance seems to have occurred, implying exhaustion from buyers.
2. Double Top / Lower High Formation
Two swing highs are marked with rounded tops.
These can act as a liquidity grab or distribution pattern, followed by a sell-off.
3. BOS (Break of Structure) and CHoCH (Change of Character)
The chart shows multiple BOS and CHoCHs indicating shifts in momentum.
The most recent CHoCH suggests bearish momentum reappearing after a BOS.
4. Liquidity Zones / Demand Blocks
Several demand zones are marked (blue boxes), and the path drawn suggests they may be swept.
The target seems to be near the “Strong Low” region (~$102K), a major support level and liquidity zone.
5. RSI Bearish Divergence
RSI shows a lower high while price made a higher high, a common bearish divergence.
Suggests weakening bullish momentum.
ETH/USDT – The Ethmuda TriangleZoom out.
Since the 2021 highs, Ethereum has spent years grinding sideways, printing what now looks like a textbook symmetrical triangle. Labeled here as an ABCD compression pattern, this structure has been tightening since the macro top (B), slowly building energy within narrowing volatility.
🔺 Structure Breakdown:
• A to B: The explosive bull run from the March 2020 low to the all-time high.
• B to C: A deep correction that shook out weak hands and set the bottom.
• C to D: A multi-year coil of consolidation, forming higher lows and lower highs.
• D to ?: We’re now nearing the apex, where compression typically leads to expansion.
📍 The Trigger Zone
The key level to watch is $4,000–$4,200. A clean breakout above this zone would invalidate the downtrend line and break the triangle to the upside. From a pattern-measured move perspective, the height of the triangle (A to B) projected from the breakout point suggests potential upside into the $7,800–$8,000 region.
🧠 Why This Matters
• Volume has been tapering throughout the structure — classic behaviour in large triangles.
• Market sentiment remains uncertain, making a breakout all the more impactful.
• Ethereum fundamentals are arguably stronger than they were in 2021 — Layer 2s, institutional use cases, and new ETH ETF speculation all add fuel.
📊 Potential Target:
• Immediate resistance: $3,300
• Breakout trigger: $4,000–$4,200
• Projected move: ~$8,000
🕰️ When? Well.. who knows but it does sort of line-up with my previous idea using a SOL/USDT chart that says early next year.. and not this year.
This is the type of setup plays out pretty well on lower timeframes, why not a massive one? The real question is: Are we on the verge of expansion after compression?
Let the chart do the talking.
⚡️ Not Financial Advice
BTC Back to $100K — The Final Dip Before All-Time Highs?Bitcoin has been trading slowly and steadily just below its all-time high at $109588. The key question now is:
💭 Is BTC ready to break through and print a new all-time high? Or does it need one more dip before liftoff?
Let’s break it down.
Elliott Wave Structure & Market Context
BTC recently completed a clean 5-wave impulsive structure, with Wave 5 topping out into a major resistance zone. That confluence included:
Value Area High (VAH)
Weekly resistance
Daily multi-level clusters
Final resistance zone before price discovery
After multiple rejections from this zone, BTC lacked the momentum for a breakout — so a retracement was expected.
And that’s what we’re now seeing: a textbook ABC correction.
📉 ABC Correction Breakdown
✅ Wave A: Dropped sharply, nearly tapping the psychological $100K level
✅ Wave B: Retraced into the prior resistance band between $106133 and $104464 — rejected perfectly off the 0.786 Fib of Wave A
🔄 Wave C: Now unfolding
To project the potential bottom of Wave C, we use the trend-based Fib extension (Wave A = Wave C). The 1:1 extension lands at:
🎯 $99875 — Right at the $100K psychological magnet
Add this confluence:
🟢 Key swing high at $99475
✅ 0.5 Fib retracement of the entire 5-wave rally
🔍 Psychological Level: $100K
🔑 Liquidity and demand zone
This makes the $99K–$101K area a strong, high-conviction support zone.
🟢 Long Trade Setup
Entry zone: Ladder between $101K – $99K
Stop-loss: Below GETTEX:97K
Target: New all-time high at $109588
R:R: ~3:1+
Structure: Correction into high-confluence zone + psychological level = high probability setup
📌 Summary:
BTC likely finishing Wave C of ABC correction
$100K = confluence of Fib, structure, psychology, and liquidity
Setup is simple: Wait for price to retest this zone and trigger your plan
If this level holds, BTC may be ready to attempt a breakout into price discovery
Let the chart come to you — and trade the reaction, not the anticipation. 📉🔁📈
____________________________________
If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
UNH bullish trend to continueElliot waves take a break after an impulsive streak, that's what we can see here.
The stock held the critical $300-ish Fib level and now reversing, having left the oversold zone getting ready for its next upward stretch.
Holding $321 is the next challenge, but rest assured a company with 400 billion annual rev isn't going anywhere. The press smears won't stick either.
Enjoy the recovery ride!
US500: Bullish Trend Holds Despite Moody’s DowngradeUS500: Bullish Trend Holds Despite Moody’s Downgrade
On Sunday, Moody’s downgraded U.S. debt to AA1, citing rising interest costs and unsustainable debt growth. They noted that U.S. debt funding costs are much higher compared to similar economies, with interest payments significantly exceeding those of similarly rated countries.
At the market open on Monday, US500 dropped from 5959 to 5874, losing nearly 1.40%. While this downgrade was expected to have a bigger impact, the index quickly recovered, reaching a new high of 5972 after the U.S. market opened.
Despite the initial dip, US500 remains in a strong bullish trend. Unless a major event shifts market sentiment, the index is likely to continue rising. Even if small corrections occur, the overall trend is still intact.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
XAUUSD Daily Plan – May 21, 2025Gold dancing on liquidity ropes – who’s pulling the strings tomorrow?” 🎭📉📈
🧠 Bias: Mixed
HTF (H4/D1): Bullish retracement inside a bearish macro leg
LTF (M15–H1): Price in premium + internal LH rejection attempt
No clear confirmation for reversal yet – NY may decide
🔵 Discount Buy Zones (for bullish continuation)
3265–3275 → First valid retracement block inside last bullish impulse
3227–3242 → Internal HL + FVG + ascending trendline confluence
3178–3192 → Strong breaker + demand zone holding structure
🔴 Premium Sell Zones (for short-term reaction/reversals)
3285–3292 → Internal LH zone reacting now, possible short-term supply
3318–3330 → Unmitigated OB + clean sweep if market expands
3362–3375 → Final liquidity target above weak high + bearish OB
🧭 Structure Context
D1 CHoCH already printed → valid for short-term retracement longs
H1 broke bullish structure → forming internal HLs
M15 just printed a BOS + premium entry active
H4 bearish swing still intact – bulls need HL above 3190 to flip narrative
📌 Intraday Focus:
Watch for confirmation rejections around 3290 and liquidity grabs above 3300. If price breaks and holds 3295–3300, next invalidation for sellers would be near 3318. If price drops below 3242, look for reaction in deeper demand.
💬 Like this analysis? Smash that ❤️, drop your scenario in the comments, and follow GoldFxMinds for more refined updates. Let’s build together!
— GoldFxMinds
Bitcoin is approaching a “Golden Cross”🚀 Bitcoin is approaching a “Golden Cross”
(the 50-day moving average is about to cross above the 200-day)
What does that mean, and what might come next?
📍 What’s happening right now
BTC is squeezed in a $101 K – $107 K range.
The 50-day SMA is racing toward the 200-day SMA; the bullish crossover (the “Golden Cross”) is expected within the week.
On Deribit, more than 60 % of the 30 May option series are $110 K call options.
When traders buy these calls, market-makers hedge by buying spot BTC. The nearer the price gets to $110 K, the more spot BTC they have to buy.
📈 How the market behaved before
The 10-day chart shows the 50-day (blue) and 200-day (orange) SMAs.
In the last three cycles, a bullish Golden Cross appeared 50–90 days after a bearish “Death Cross.” Each time, the cross formed inside a buyer zone (marked with blue rectangles).
In the 2nd and 3rd cycles, price never came back to retest that buyer zone.
Right now, the buyer zone is already in place, the Golden Cross is only about $300 away, and 50 days have passed since the last Death Cross. Some traders seem to be buying early, betting on a break to a new all-time high (ATH).
Wishing you profitable trades!
QQQ about to FLUSH?! Let's talk about it!I'm not saying it's over but you have to admit it does feel like we are going to see a decent size pullback...2-6% over the next few weeks on the NASDAQ:QQQ AMEX:SPY
- TVC:VIX back over 20
- US20Y hit 52 week high
- USDJPY starting to creep towards April lows
- $491.54 GAP to fill on NASDAQ:QQQ
- $447.58 Bigger GAP to fill on NASDAQ:QQQ
- Credit starting to become and issue
- Banks/ Credit companies tanked today
There is bullish pieces as well but we do look extended here and a healthy 2-6% would be welcomed...A break of $475 level spells trouble on QQQ.