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Link: Signs of life?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Bullish Take: Breakout Possibility: The price has been testing the downtrend line (blue line), and a potential breakout above could lead to a bullish rally. Key Levels to Watch: The next target after a breakout is the $10.812 level. Recovery Formation: The price is hovering near a critical support level at $9.910, and if it breaks and holds, this could trigger a bullish reversal. Bearish Take: Downtrend Still Intact: The price remains under the blue trendline, suggesting the downtrend is not yet broken. Support at Risk: If $9.910 fails to hold, the next support lies around $9.329, which could lead to further downside. Lower High Formation: The chart shows a series of lower highs, reinforcing a bearish sentiment unless a strong breakout occurs. In summary: Bullish outlook if price breaks the trendline and moves above $10.812. Bearish outlook if price breaks down below $9.910, potentially leading to $9.329. Trade Safe, Trade Clarity.
Long
by CryptoKnee
1
EURUSD roadmap for next week (must see it)hi im msnp thank you for reading this article please support us with follow and boosting this idea ok lets see some charts 1D chart: you can see that we were in a up trend and now we break the trend line are we making an ABC pullback in retest of TOP? or we can break the top? notice that whole chart showing a big trading range zone 4H chart : in 4h chart we can see a very good bull trend but look at end of trend bears was so strong that can break EMA so this is a warning for traders that may bull trend is about to end ok so bears are strong at least as bulls 1H chart : we can see a break below the trend line and now we are making LH and LL we can shape a bear channel you can see a good reaction at top of channel, for next week we can expect 2 or 3 scenarios: 1. a double top at current price and go for LL 2. testing the top and then a double top 3. bulls can break above H and above the TR that means a new bull trend.
by imMsnP
DOG: Leash Yanked. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Bull Thesis: Five-Wave Structure: A completed five-wave structure labeled as wave (5) suggests a possible end to the correction, followed by a potential bullish impulse. ABC Correction Completion: The corrective ABC pattern seems to be nearing its end, indicating the possibility of a trend reversal upwards. Support at 0.0010845: The chart shows significant support around 0.0010845, which could serve as a base for a potential rally if prices hold above this level. Bear Thesis: Price Target of 0.0009633: The chart indicates a downside target of 0.0009633, showing potential bearish pressure if the current support levels are broken. Rejection at Resistance: If the price fails to break above the highlighted resistance areas, a deeper correction could occur, pushing the price down towards the lower support levels. Strong Resistance Zone: The area around 0.0011732 acts as a strong resistance, and repeated failure to break through could lead to a bearish reversal. In summary: Bullish if prices can break through key resistance at 0.0011732 and 0.0010845 and convert them to support Bearish if prices fail at resistance 0.0010845 and breaks lower towards the 0.0009633 target. Trade Safe, Trade Clarity.
Long
by CryptoKnee
2024-09-05 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well. tl;dr Bitcoin - Bear inside bar on the daily chart. Bears need a close below 55500 but they are in control anyhow. The bear channel is broad so both sides are making money. Best r:r trades are short near the daily ema which is currently around 59000. 53000 will very likely be hit over the next 3-10 days. comment: Bear inside bar on the daily chart. Bears need a close below 55500 but they are in control anyhow. The bear channel is broad so both sides are making money. Best r:r trades are short near the daily ema which is currently around 59000. 53000 will very likely be hit over the next 3-10 days. (Nothing to add to the tl;dr paragraph) current market cycle: trading range key levels: 53000 - 60000 bull case: Bulls are buying new lows and making money. They are keeping the bear channel very broad which is a sign of much two sided trading. I don’t think many bulls want to fight around 56000 which is still no mans land. We will probably see a stronger move down to 53000/54000 before more bulls will buy heavily again. If bulls somehow manage to get above 60000 again, the bear case would weaken considerably. Invalidation is below 53000. bear case: Bears are selling the rips but also taking quick profits or otherwise we would not have this broad channel. Since we are near the bottom again, it’s either acceleration of the selling or back up to 57000 or even 58000. I expect one side to give up until we hit either bigger resistance or support again. I favor the bears to accelerate down to 54000 and there market decides if we stay in the trading range or make new lows. No deeper patterns to be analyzed currently. Broad channel with nested wedges which all broke above so far. Don’t get bearish at the lows. Invalidation is above 57200. short term: Slightly bullish around 56000 to produce some sideways to up price action. Below 55000 I am wrong and the selling accelerated and short’s are the way. medium-long term: Down to 40000 (could take 1-3 months). Could also drop to 20000 again but let’s make 40000 first and see how many want to buy there. —unchanged since March, obviously updated the time range which was 6-9 months before. — current swing trade: None trade of the day : Globex sold off hard and market could not get above the 1h ema again. Any short near it was good. 56000 was previous support so you should expect it to still be support and look to take profits there or exit shorts completely.
CRYPTO:BTCUSD
by priceactiontds
2024-09-05 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr Indexes - Bears are selling the rips but most markets are contracting. Will most likely see a big move tomorrow but I don’t have a strong opinion on the direction. Very slightly favoring the bears for a bigger second leg down. dax futures comment: Y close was 18625 and today’s close was 18624. We oscillate around this price. Every time market does this, you are in a trading range and should not over analyze it. Look at the daily chart and get a sense of what the market is trying to do. Right now bears are in control but with every day of sideways movement, their control vanes and market becomes more neutral and I do think that if bears do not get their big second leg down started tomorrow, the chances of a break above or below are equal. current market cycle: trading range - wait for a clear breakout above or below given key levels key levels: 18500 - 18700 bull case: Bulls are making higher highs and higher lows but it’s still a tight bear flag on the daily chart. The bear gap to 18800 is still open and as long as that’s the case, bears are in control. Best bulls can do is make the market go sideways more until both sides are unsure about the next impulse, which means market is in balance. I think below 18500 most bulls will give up. Invalidation is below 18500. bear case: Bears are selling the rips but are not fighting for new lows right now. Market had is probably waiting for tomorrow’s US data to find more liquidity. No opinion on that data or the direction we will break out, other than I think bears are still favored for a second leg down. Should you be short right now in hopes of that? Clear no from me. Always better to get confirmation before entering the trade, unless you are good at scaling in and already rich af. Invalidation is above 18750. short term: Bears are in control and the odds favor a second leg down. Above 18700 I get more neutral and below 18570 I expect 18500 to follow soon and if bears break that, we will likely get the big second leg. Nothing changed in my short term outlook. medium-long term - Update from 2024-09-01: 4 Months left in 2024 and I do think the market is in a trading range where the upper area is around 19000 and the lower area is probably 17000 or 16000 if something bigger comes up. Since we are at the very top, I expect the market to go some sideways before trying to go down again. Next 2000 Points will be made to the downside but it’s too early to short this. current swing trade: None. Maybe tomorrow but only interested in shorts. trade of the day: Buying the open was by far the best one. Again. Don’t get bearish at the lows or bullish at the highs in trading ranges. Betting on breakouts is a losing strategy when market is this undecided.
EUREX:FDXSU2024
by priceactiontds
Dogs: Need to hop this fence. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Bull Scenario: Break Above Resistance: If the price successfully breaks and holds above the 0.0010845 level, it could trigger bullish momentum. Target Levels: Bulls would aim for higher levels, with potential targets around 0.0012 and 0.00125. Higher Highs and Higher Lows indicates the trend at the smaller degree is up at the moment. Bear Scenario: Rejection from Resistance: If the price continues to reject from the 0.0010845 resistance, it could fall toward key support levels. Downside Targets: Bears would aim for the first support at 0.0009999 and then the next level at 0.0009741. Trend Continuation: Breaking the Lower Lows could lead to continuation of the down trend at the higher degree. Trade safe, trade clarity!
Long
by CryptoKnee
1
CRT RANGE MODULEIn this analysis we are focusing on 15M time frame for GOLD. Here we are using CRT range concept in this concept we consider that each single candle has a range, so today I'm looking for potential sell according to CRT concept. After confirmation we will take any step. Let's delve deeper into these levels and potential outcomes. Always use stoploss for your trade. Always use proper money management and risk to reward ratio. #XAUUSD 15M Technical Analysis Expected Move. This is just my analyze or prediction.
FX:XAUUSDShort
by TradeTacticsreal
2024-09-04 - priceactiontds - short daily update - daxGood Evening and I hope you are well. tl;dr Indexes - Bearish bias confirmed. Bulls getting nervous by now. More bad data releases and markets are leaving bear gaps unclosed. Today we also made lower lows and the pullbacks were shallow. All good for the bears and the odds of another strong leg down and a measured move got higher today. dax futures comment: Bears kept the 140 point gap to Tuesday’s close open and that shows strength. Bulls could not get a bar above the 1h ema today and I’d be surprised if it stays that way. Bears are in control and they want a second leg down. A measured move would bring us to almost exactly 18000. Absolutely favoring the bears to do that instead of bulls getting above 18800 again. current market cycle: huge trading range (below 18500 the minor bear trend inside the range is confirmed) key levels: 17000 - 19000 bull case : Bulls can be happy if they can keep the market going sideways. Today’s open price was not tested and we closed above the daily ema, which shows some strength by the bulls. For higher prices bulls need a strong 1h close above the ema and that’s all I can come up with for the bulls right now. Invalidation is below 18500. bear case: Bears have the big round number 18500 to break for lower prices. They are clearly in control again and they want to stay below the 1h ema for a measured move down to 18000. Below 18570 I expect many bull stops to be hit and we will test 18500 and there I expect bulls to come around more strongly again and trying to hold it. We already have a decent looking bear channel or wedge on the 1h tf. I want to see what the Globex session brings and then I will decide tomorrow morning if I do a swing short for 18000 with a stop 18800/18850. Invalidation is above 18750. short term: Bears are in control and the odds favor a second leg down. Above 18700 I get more neutral and below 18570 I expect 18500 to follow soon and if bears break that, we will likely get the big second leg. medium-long term - Update from 2024-09-01: 4 Months left in 2024 and I do think the market is in a trading range where the upper area is around 19000 and the lower area is probably 17000 or 16000 if something bigger comes up. Since we are at the very top, I expect the market to go some sideways before trying to go down again. Next 2000 Points will be made to the downside but it’s too early to short this. current swing trade: Will decide Thursday morning if I do a swing short. 18000 would be my first tp and stop at least 18820. trade of the day: Buying the open was by far the best one. Otherwise shorting 18670 the next best thing.
EUREX:FDXSU2024Short
by priceactiontds
2024-09-04 - priceactiontds - short daily update - sp500Good Evening and I hope you are well. tl;dr Indexes - Bearish bias confirmed. Bulls getting nervous by now. More bad data releases and markets are leaving bear gaps unclosed. Today we also made lower lows and the pullbacks were shallow. All good for the bears and the odds of another strong leg down and a measured move got higher today. sp500 e-mini futures comment : Many of the same arguments as for dax. Very strong leg down and bears want another one. Measured move target would be 5350-5370. Market closed 5 points above the open, so a big nothingburger but both sides made money today. current market cycle: trading range key levels: 5500 -5670 bull case: Bulls made money today if they were quick to take profits but the problem is, that the pullback was not high enough to seriously question the bear case. Bulls need to fight for 5500 or we get the second leg down. Same easy if-this-then-that scenario for most indexes. Invalidation is below 5490/5500. bear case: Bears confirmed the leg down with lower lows and a shallow pullback, which they sold again. They closed below the daily ema and also left a bear gap open, though a small one. First target below 5500 is 5420 which is the 50% pullback from the bull rally. Invalidation is above 5666. short term: Bearish. Below 5500 I become full bear again but can also see this going a bit more sideways. I do expect this week to close deep red and below 5500. medium-long term - Update from 2024-09-01: Very much like my outlook in dax. Trading range on the daily chart and we are at the highs. We could make higher ones or not. Does not matter much. I expect 5000 to be hit again in 2024. current swing trade: Nope and will only do on bigger swing short it will probably be dax. trade of the day : Very strong open and longs were good. After that it was so two sided and no obvious amazing trade. In hindsight it was an obvious short but not as it was happening imo. Market had strong two sided trading during news releases. After bar 11 close I expected market to close nearer to the open price and scalped some shorts.
CME_MINI:MES1!Short
by priceactiontds
DOGS: Chance for redemption?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Bullish Scenario: What Needs to Happen: The price needs to break above the descending trendline and sustain above the 0.0010845 USDT support level. Target: Move towards the next resistance levels, potentially higher than 0.0011753 USDT. Bearish Scenario: What Needs to Happen: The price fails to break above the descending trendline and continues to respect it as resistance. Confirmation: A drop below the 0.0010845 USDT support level will confirm further bearish momentum. Target: Move lower, potentially testing previous lows, and further downtrend continuation. This analysis hinges on the price action around the descending trendline and key support/resistance levels. Monitoring these areas will provide clues on the next significant move for DOGS/USDT. Trade Safe, Trade Clarity.
Long
by CryptoKnee
PRICE ACTION SETUPIn this analysis we are focusing on M30 time frame for gold. Today I'm looking for a potential buy if market price break this area upside then we go for buy but first we take confirmation. But if price break below this area then we use inverse breakout strategy and after retracement we look for sell. Now let's see where market price go and which opportunity market will give us. Always use stoploss for your trade. Always use proper risk to reward ratio. This is just my analysis or prediction. # XAUUSD M30 Technical Analysis Expected Move.
OANDA:XAUUSDLong
by TradeTacticsreal
2024-09-03 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr Indexes - Huge bear surprise today. The strength of the selling was absolutely unexpected. Bulls closed August at the very high and had all the arguments to print new ath but as of now, this selling is different and new highs are now very unlikely. Most daily charts printed a huge outside down bar, closing at the lows and below the daily ema. If bears get follow through tomorrow, they have taken control of the market and we might take the elevator down again. sp500 e-mini futures Here is the quote from my weekly update: bear case: Bears see it as a big trading range and we are at the highs again. They start scaling into shorts above 5600. Same observation as last week. Until bears print consecutive daily bear bars or stronger 1h bars below 5650, bulls remain in control. If bears somehow manage to print a bigger engulfing bear bar on the daily chart, especially if it closes below 5600, that would probably be enough to make many more bulls exiting their longs. Interesting week ahead of us. comment : Market went only down today and did not touch the 15m ema, so it only makes sense to talk about the daily chart. Bears did exactly what they needed to do in order to make more bulls take profits. Now comes the most important part. If they let the bulls have a bigger pullback, this might go above 5650 again but if it stays below 5600 and we print 5490, that would certainly hit the last stops and could accelerate this down hard. current market cycle: trading range key levels: 5500 -5670 bull case: Bulls are running for the exits. They want to secure the profits from the insane reversal over the last weeks. I expect many more stops around 5490 and bulls need to prevent the market from getting there. Bulls have the slight hope this was an early sell climax with a bear trap below the daily ema and the expanding triangle. If they can get above 5600 again, their case is valid and we could get back above 5640 again. Invalidation is below 5490/5500. bear case: Bears have all arguments on their side, if they keep the pullback shallow and print below 5500 tomorrow. Seasonality is on their side this month and since the market is in a very volatile state, it’s possible to see 5000 this month. The first bigger target for the bears is obviously every round number, so 5500 but I do think 5400-5420 is the real target because that is the 50% pb from the recent bull rally. I will look to see if the 1h ema will hold tomorrow. Max bearishness would be to go sideways between 5500-5560 until bears want the bigger second leg down. Invalidation is above 5660. short term: Bearish but I expect a pullback before another leg down. Need to see how strong bulls are tomorrow. First bigger target for the bears is 5400. medium-long term: Very much like my outlook in dax. Trading range on the daily chart and we are at the highs. We could make higher ones or not. Does not matter much. I expect 5000 to be hit again in 2024. current swing trade: Nope. trade of the day: Sell anywhere and hold. Sounds a lot easier than it is but those are the hard facts. If you struggle to do that, you need to come up with strategies to force yourself to swing part of your position and not close until a clear signal appears. Today had no signal to exit shorts.
CME_MINI:MES1!
by priceactiontds
2024-09-03 - priceactiontds - daily update - oilGood Evening and I hope you are well. tl;dr Oil - Huge day for the bears. Both bull trend lines I had on my daily chart are now broken. 70 should be bigger resistance for now though. I expect the market to go sideways 69.5 - 71 for more time before another impulse. If bears manage to get below 69.5 tomorrow, that would bring 67 in play and really bad for the bulls. Neutral inside given range after such climactic selling but will join either side on strong momentum. comment : Very interesting day for the bears. We broke below the triangle and are at the huge support price 70. Bulls need to step in big here or next stop is 67. If bulls come around big time and bears fail to keep it below 72, they could face a bear trap and another move back up inside the trading range. Big day tomorrow. current market cycle: trading range (descending triangle now) key levels: 70 - 73 bull case : Bulls are in do or die mode tomorrow. Fail at 70 and we will go 67 next. If they could generate strong buying, bears could fear a trap and exit longs. Most reasonable outlook is some sideways to up movement tomorrow. Bulls need anything above 72. Invalidation is below 70. bear case: Bears are now in full control of the market and they want to break below 70 and retest the December and January close/open prices around 67. Oil has not traded below 70 since June and there only for 2 days. Bears would need a big surprise again to break the 70 price. On the 1h chart there is a clean bear channel, which would go as high as 73.5 as of now. That channel is my preferred pattern for now. Invalidation is above 73. short term: Neutral. Expecting some sideways to up movement unless bears print a 15m bear bar below 70. Bears in control. medium-long term: T riangle is dead. 70 has to hold or we might be in a new bear trend to 60 or lower. Will update after this week. current swing trade: None trade of the day: Shorting the double top above 74. Had to get short latest below 73 when the 15m or 1h bear bar closed.
NYMEX:MCL1!
by priceactiontds