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2024-12-05 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral until we get a decent 1h bar close below the 20ema. 20400 is overbought on probably every metric known to man. Does this mean we will sell off tomorrow? Sadly not. Can go even higher, since bears not doing anything and the buyers are still making money because we print daily new ath. Chances are there for a deep pullback into the weekend but they are very low and we need strong confirmation first. Zero interest in buying this. comment: Break one bull wedge and print another. Bulls are still in control. Bears need a 1h close below ema , which would also be a break of the nearest lower bull trend line. 20300 tomorrow would be nice and anything below 20250 really bad for bulls. Got no more bullish targets for you. It’s a bubble. It will pop. current market cycle: bull trend but very late and will end soon key levels: 20000 - 20400 bull case: Even beyonder overbought today. Can obviously continue but buying this is asking for getting trapped. Invalidation is below 20250. bear case: The 1h 20ema now hold for basically 1100 points. It will break over the next 1-3 sessions. 20300 is the first target for bears and they should finally stop the market from making daily new ath. Still a couple of bullish patterns that need to be broken first, before we can talk about two-sided trading or bears having arguments for lower prices. Invalidation is above 20400. short term: Only waiting for bears to come around. Zero interest in buying. Below 20100 into the weekend would be nice but it’s unlikely. medium-long term - Update from 2024-12-02: 20000 hit, hope you listened. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your current trading at all. Now it’s about being patient and waiting for the profit taking to start. current swing trade: None trade of the day: Buying the open, duh. 1h 20ema held for more than a week now.
EUREX:FDXSZ2024
by priceactiontds
2024-12-05 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr gold - Neutral. Death zone is 2644 - 2688. Until we break out of it, I will not touch it again. Unchanged. But the accuracy is pretty amazing so far. I am not touching this but longs are preferred below 2650 for trading back up to 2670+. comment: Clear trading range so don’t over analyse it. 2644 has to hold for the bulls and bears need to stay below 2680 tomorrow. As long as these prices hold, you have to trade the range and mean reverse. Market is in total balance, so don’t try to guess where the next breakout will happen. current market cycle: trading range key levels: 2644 - 2680 bull case: If bulls fail at 2644, 2630 comes next and then the big bull trend line around 2620ish. They desperately need a close above 2680 if they want a buy signal going into next week and even then the upside is probably limited to 2700 and the bear trend line. Invalidation is below 2610ish. bear case: Bears are preventing the market from closing above the daily ema but fail to make new lows below 2644. No side has an advantage and if you don’t like scalping, it’s best to wait for a clear new trend. If bulls were strong and wanted to close this year above 2800, we would probably have seen it by now. Invalidation is above 2700. short term: Neutral. Market is in balance around 2630. medium-long term - Update from 2024-11-24: Likely to close 2024 above 2800 but I do think the recent selling was the first hint that we will transition into a trading range soon. current swing trade: None trade of the day: Selling above 2675 has been profitable since Monday.
COMEX_MINI:MGC1!
by priceactiontds
XAUUSD OUTLOOKIn this analysis we are focusing on 1H time frame for GOLD. Here we are using SMC concept combine with price action. We have two sell areas and levels where I expect the price to drop further down. Let's see what happens and which opportunity market will give us. Wait for price when it enter into our zone and after confirmation we will execute our sell trade. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis or prediction. #XAUUSD 1H Technical Analyze Expected Move.
OANDA:XAUUSDShort
by TradeTacticsreal
1
Solana Hits Previous High And Something Else.Traders, In the same day that BTC has almost tagged 100k, Solana has hit its previous high. But there is something else showing me that Solana will have a tough time moving higher from here. It's that blue trendline. That started all the way back in mid-October of last year. Solana had remained above it until June of this year when the market could confirm that Bitcoin was going to continue its sideways to down price action until U.S. election time. The day after the election, as I expected, Solana broke its channel to the upside. It has now catapulted to its previous high on rumors of ETF filings today. But its run straight into the intersection of our blue trendline with the level of the previous high, making this area of confluence remarkably difficult for the bulls to beat. Will these ETF rumors be a sell the news event? I mean, you have to know that big money and insiders already knew. I expect them to dump on retail like they always do, take some profits, and then re-enter once retail knows they've been had again and start to fold. I can see the price coming back down to $205 or so. But Solana is white hot riding on the back of meme coins lately, so it's also possible that we just ride under the $260 price for a week or two accumulating before making any more big moves up or down. I don't have strong conviction with either option but I do believe the least likely scenario is the third option, a straight breakthrough of our previous high. ✌️ Stew
COINBASE:SOLUSDShort
by stewdamus
1
2024-12-04 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Not getting bullish above 20000. We have a clear wedge which will likely break tomorrow. Once the profit taking begins, it will be nasty. For now longs against the 1h 20ema are decent until we clearly break below and outside of the wedge. I doubt we close this week above 20000 tbh. comment: Trade the current bull wedge until broken. I expect that we will see a breakout tomorrow or Friday and I do think it’s possible that we close the week below 20000. The rally is beyond overbought and climactic. current market cycle: bull trend but very late and will end soon key levels: 20000 - 20300 bull case: 20300. Beyond overbought. Can go some more but not much. High is near or already in. Invalidation is below 19700. bear case: Market broke above multiple patterns and chances are good that this is a bull trap and we will reverse soon. For now the bears have nothing but I expect a deep pullback soon. Maybe a pullback to 20000 tomorrow, retest of 20250 or even 20300 and then some more downside. Rough guess as of now. Invalidation is above 20400. short term: No more bullish targets. 20000 is the first pullback target and I think we will break out of the bull wedge tomorrow or Friday. medium-long term - Update from 2024-12-02: 20000 hit, hope you listened. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your current trading at all. Now it’s about being patient and waiting for the profit taking to start. current swing trade: None trade of the day: Buying the open, duh. 20200 was good support, so longs against that paid multiple times.
EUREX:FDXSZ2024
by priceactiontds
2024-12-04 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Parabolic buy climax which will end soon. Longs after pullbacks are ok but I will only look for weakness. This is climactic and unsustainable. comment: Strongest bull bars that late in the trend? Tough. I have two higher targets still. First is the bull trend line to around 6160 and second is a measured move target to 6300. Bears are doing nothing but it’s also unlikely that we just continue higher in this tight of a channel on the daily chart. Market is on it’s last legs up and these windfall profits will get taken off the table before they disappear. You don’t get bullish this late in a trend, you get cautious. current market cycle: bull trend - late and will end soon key levels: 6000 - 6170 bull case: Bulls are in complete control but it’s overbought and climactic. the 4h 20ema has been bought for two weeks now and longs near it make sense. Buying above 6050 does not Invalidation is below 6000. bear case: Market is overbought and we will likely test down to the 4h 20ema soon. We can’t expect it to just trade through it and we would likely see another bounce up. Bears have nothing until then. Wait for the clear sign that bigger profit taking has started and we do not make new ath every 15m. Slight chance 6102 was the high and we go down to 6000 tomorrow. Invalidation is above 6170. short term: Bullish until proven otherwise but will happen sooner than later. medium-long term - Update from 2024-11-16: So the top definitely qualifies as a blow-off top but the question if we continue further up, is still valid. It is possible that we are already inside the correction and if we continue below 5860, I highly doubt bulls can get above 6000 again. Given the current market structure, I won’t turn bear because the risk of another retest of the highs or even higher ones are just too big. current swing trade: Nope trade of the day: Could have bought pretty much anywhere. Again.
CME_MINI:MES1!
by priceactiontds
2024-12-03 - priceactiontds - daily update - dax futuresGood Evening and I hope you are well. tl;dr dax futures - Neutral again. More chop expected. Can bulls do another leg up? Yes. Is it likely? I think it’s 50/50 right now. Bears obviously not doing enough and bulls are still buying above 20000, which is very bullish. Bulls have 2 bull trend lines as support around 20000 and 19950. It’s still BTFD until we make lower lows again below 19900. comment: After many months of writing about the most outrageous target for the dax, we finally did it. What a time to be alive. Don’t look to be the first bear. Can go higher obviously but I won’t chase anything here. My bullish targets are met, I don’t care about any more upside other than small scalps. Will wait for bigger bears to come around and will watch closely when bulls begin to take bigger profits. current market cycle : bull trend but very late and will end soon key levels: 19500 - 20000 bull case: Can do 20200 but we could have also seen the highs. It’s a gamble to bet on higher prices. Long the pullbacks until we make lower lows again on the 1h or 2h tf. Invalidation is below 19700. bear case: Nothing changed. Got nothing for bears until they can get a daily close below 19700 again. We most likely spend more time 19800 - 20100 before another impulse. Invalidation is above 20100. short term: Neutral. We can go higher but I don’t expect much tbh. 19800 - 20100 is my current range. Same as yesterday. Best bears can hope for is to test 19950 tomorrow. medium-long term - Update from 2024-12-02: 20000 hit, hope you listened. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your current trading at all. Now it’s about being patient and waiting for the profit taking to start. current swing trade: None trade of the day: Buying 20k or Selling 2070. Clear support and resistance on the day.
EUREX:FDXSZ2024
by priceactiontds
2024-12-03 - priceactiontds - daily update - wti crude oilGood Evening and I hope you are well. tl;dr wti crude oil futures - Neutral. Bulls did what they had to, to prevent a flush down to 66. Market traded above 70 and we made a higher low. Bulls would need to print 71.5 for a higher high and I can’t see that happening as of now. Chop between 68 and 70 is most likely here. comment : Midpoint of this triangle is around 69.3 and this will be a magnet until we either make higher highs or lower lows. It’s a trading range, don’t over analyze it. current market cycle : trading range (big triangle on the daily chart) key levels: 66 - 70 bull case: Bulls had a decent day and turned the market completely neutral again. Only above 71.5 they are favored for higher prices. For tomorrow I expect some more sideways price action between 69 and 70.5. Invalidation is below 66.27 bear case : Bears need to keep it below 71.5 or we are making higher highs again. They tried to close below 68 for 4 days and today we saw bears giving up on it. Bears are still favored to keep it inside the triangle, so either play the range or don’t trade at all. Betting on a huge breakout is not a decent strategy after going sideways for so long. Invalidation is above 71.5. short term: Neutral inside the triangle. Area round 70.5 should be huge resistance. medium-long term - Update from 2024-11-10 : Unless an event comes up, this will very likely close around 70 for the year. current swing trade: Nope trade of the day: Could have longed anywhere and made money. 1h 20ema is strong support until broken.
NYMEX:MCL1!
by priceactiontds
SasanSeifi| Moving Towards New Targets!Hey there, ✌ As seen in the KUCOIN:UNIUSDT chart, the price has shown a partial rise from the $6 area. After breaking structure around the $8.50 level, it climbed to $10. Currently, after a minor pullback, the price has reacted positively from the FVG zone near $8 and is trading around $9.50. The general outlook leans bullish, and it's expected that the price could see significant growth from the $9 range to targets of $12–$14 in the mid-term. The important support is between $8 and $7.50. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
2024-12-02 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral for now. Bullish targets are met with 20k and I will scalp long we have a clear setup but not chasing anything Too early for shorts, best to not mess up your year this late. comment : After many months of writing about the most outrageous target for the dax, we finally did it. What a time to be alive. Don’t look to be the first bear. Can go higher obviously but I won’t chase anything here. My bullish targets are met, I don’t care about any more upside other than small scalps. Will wait for bigger bears to come around and will watch closely when bulls begin to take bigger profits. current market cycle: bull trend but very late and will end soon key levels: 19500 - 20000 bull case: Got nothing more for you. Market’s tend to move from trend to trading range instead of trend in the other direction. So we could spend some more time up here. Invalidation is below 19700. bear case: Yeah… Also got nothing for you until bears can get a daily close below 19700 again. We most likely spend more time 19800 - 20100 before another impulse. Invalidation is above 20100. short term: Neutral. We can go higher but I don’t expect much tbh. 19800 - 20100 is my current range. medium-long term - Update from 2024-12-02: 20000 hit, hope you listened. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your current trading at all. Now it’s about being patient and waiting for the profit taking to start. current swing trade: None trade of the day: Longs only. My weekly outlook was pitch perfect and good for 300+ points. Bar 27 to 39 were more than enough signal bars to go long. 40 was really give up bar by the bears and market just went straight up.
EUREX:FDXSZ2024
by priceactiontds
2024-12-02 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. nasdaq e-mini futures comment: Clear breakout on the daily chart. ATH wants a retest and for now there is no reason why market would stop there. My upmost target is 22400ish but for now bulls want to hit the 3 upper trend lines and see which one produces most resistance. Bears come back into the picture with a daily close below 20800. current market cycle: Bull trend but also nested bull wedges on the daily chart. Will end in the next 3-8 weeks key levels: 21000 - 21500 bull case: Bulls have 3 obvious targets above now. First ath retest 21340, then 2 more upper bull trend lines from wedges. 22000 is possible over the next 4 weeks but we are in the last stage of the bull trend. Invalidation is a daily close below 21000. bear case: Bears gave up above 21000 and will probably try again above 20300 or higher. For now they don’t have any arguments before bulls begin to stall due to profit taking. It’s too late for bigger longs and too early to short. Be patient. Invalidation is above 22000. short term: Bullish for 21340 and then probably some more. Buying pullback is most likely the easiest way here. medium-long term: Will update this over the weekend. 22000 is a possibility but a bit far for now. Daily close above 20500 would bring it in play. First target for Q1 2025 is 19000. current swing trade: Nope trade of the day: Buy anywhere. Textbook breakout and market never looked back.
CME_MINI:MNQ1!Long
by priceactiontds