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Supply_and_demand

SPY- Bearish- UpdatePosting another quick update here on the SPY as a lot has transpired in financial markets over the past few months, yet buyer and selling continue to dictate the price action in my opinion. On the 4-hour timeframe, the SPY is oversold and has formed a bullish ABCD Elliot wave, while also holding a falling wedge within a bearish megaphone. On the daily timeframe, the SPY has formed a bearish head and shoulders (Pictured Below) and has broken below its 200-day SMA. The weekly timeframe depicts two bearish megaphones as well, with the SPY having held within the larger of the two since November of 2021. Just some support and resistance levels to keep an eye on in the interim, along with some RSI-based supply and demand zones, staying hedged, and staying cash. --Previous Charts Attached In Description -- SPY Daily Timeframe SPY - Daily - Bearish - Head and Shoulders (Bearish) - Broke Below the 200-day SMA - Sitting on the Covid-19 Trendline Support SPY 4-HOUR Timeframe - Oversold on the RSI - Bullish ABCD Harmonic Pattern - Falling Wedge Within a Bearish Megaphone - Sitting on the Covid-19 Trendline Support --Previously Charted--
AMEX:SPYShort
by jacobosiason7
XAUUSD GOING LONG AND SHORTHi guys I'm back updating my gold scenario. In my yesterday analysis, I highlighted area 1954 as a supply level , being tested multiple times was broken during Mr. Powell speech. leaving us with only one immediate area ,1978 as a supply zone. But since underlying fundamentals are bullish I need to confirm my entry in lower time frames to go short otherwise it's kind of risky. Should price get through the area I'm expecting 2004 area as another sell zone. Our immediate demand area is around 1970-1972 which has proven itself once. Going long from this demand level like always requires checking lower time frames for further confirmation. Below our immediate demand level we have 1962 which is the broken resistance and could support the price should get there. Make sure you have these levels on your chart and do your own assessment while taking any trades. Be honorable
OANDA:XAUUSD
by AliHassanzadeh
XAUUSD LONG AND SHORT SETUPHi Guys, I'm going to update my analysis on gold. Yesterday after touching our demand level at 1964 price rallied up more than 200 PIPS which was absolutely amazing. Now today I'm back with new setups. Area 1979 - 1977 is an fresh area which has not been touched yet so price could react to it and give us a good trade. If price passes through that next area would be 1974-1971 which has been tested once yesterday and has already proven itself. if rallying up continues resistance level 2001 is gonna be the first level to monitor and following that we have 2010 -2022 as a H4 time frame supply level. So currently, best course of action is to wait and see how price responds to our intended areas of supply and demand. I also will keep you updated of my thoughts on this analysis. Be honorable
OANDA:XAUUSD
by AliHassanzadeh
GOLD Trading ScenarioHi guys, I'm back with another gold analysis. Price yesterday surged from the 1954 demand area(in last analysis) all the way to 1976 which exist a supply zone. Currently price has been under the 1976 supply area and has tested it multiple times already. If you pay a close attention there is a hidden demand area "1970-1968" which is only evident in lower time frame and price has already consumed that too. So should price fall it could test 1954 area for the second time but bear in mind since the first movement has not made a new high 1954 area becomes too risky to trade and needs confirmation. Above that we have 1964 area as a intermediary demand level which again I need to consult the lower time frame should I take a trade there. Be honorable
OANDA:XAUUSD
by AliHassanzadeh
NZDUSD LONG AND SHORT Scenario Hi guys. This time I'll be looking into NZDUSD. The Currency has been rallying up since yesterday and today reached our supply area for the second time. Last reaction to the zone was considerably good and this time could same happen. In addition to the supply area we have the broken support which turned into resistance. So with these clues going short it's advisable. But later this afternoon it's going to be a news related to dollar which could impact our analysis so make sure you are monitoring price behavior. Should price go down we have a broken resistance around 0.5836 which could support the selling off and lead to a reaction. Below it the demand area should also be closely monitored for a secure entry. If price continues further up then multiple other supply areas could be potential short setups or exit point for long trades. Make sure you do your own assessment prior to taking any trades. Be honorable
by AliHassanzadeh
Bullish continuation1) EURUSD is on a daily retracement, which means that there's a good probability that the H4 will continue higher until it reaches a daily supply area. 2) H4 Structure is bullish and despite the strong reaction to the supply at the top, buyers already pushed the price up and it retraced more than 50% of the last move. 3) If price breaks the level around 1.0534, it will increase the chances for a deeper pullback to 1.0472. 4) Until then, buyers are in control and the goal is to follow demand. 📈
Long
by CirculoForex
XAUUSD SUPPLY AND DEMAND Hi Guys, I'm back with another analysis on gold, In my previous analysis I had 1972 area as a buy zone which this morning reaction happened and on it's way back, area was breached leading to a hidden demand area at 1964 which indeed considerable reaction happened there. Second time coming back there you could take a trade provided that lower time frame confirms the entry. Just above the 1964, in lower time frame area 1968 is still a demand zone which trades could be taken there if price gets there. In addition to our immediate demand levels we have others below should price get there appropriate action will be taken. On the sell side we have area 1993 as a sell side zone, again considering market sentiment it is advised to check lower time frame for a confirmed entry. Be Honorable
OANDA:XAUUSD
by AliHassanzadeh
#OIL buying opportunityConsidering the recent bullish momentum in the oil market, characterized by a clear market structure of establishing higher highs and higher lows while respecting to a short-term bullish channel, we anticipate that oil prices will rise from their current low, as depicted on the chart. In addition to the bullish channel, there are other bullish indicators on the chart. Notably, the 1-hour 200EMA (Exponential Moving Average) has consistently provided strong support during this recent bullish phase. Every time the price has approached this EMA, it has turned upwards. Furthermore, the current price level is situated within a 4-hour demand area, which further enhances the possibility of a bullish movement. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
CAPITALCOM:OIL_CRUDELong
by mohemati
1
#GBPCAD selling opportunityHello, traders and friends. Let's analyze the GBPCAD chart, where we believe there might be a compelling selling opportunity. In the Daily timeframe, you can see that the price has already broken the market structure to the downside. Since the low formed on September 28th, we've been in what we believe is a bullish corrective phase. Consequently, we are now interested in a selling position. Switching to the 4-hour timeframe, we notice a double top formation that resulted in a lower low, indicating the possibility of bearish continuation, aligning with our higher time frame daily trend. Following this, the price has been moving upwards in a bullish corrective manner, forming a short-term rising channel. Last week, this channel also broke to the downside. In our view, this recent bullish movement resembles a liquidity-taking activity, and we are keen to observe any rejections from the level marked by the arrow on the chart, with the intent to consider selling. Additionally, we have identified several resistance factors within a small zone, including the 4-hour and daily timeframe 200EMA, a supply area in the 4-hour timeframe, and the previous high where many traders have placed their stop-loss orders just above it. This presents an opportunity for banks to potentially extract liquidity. If you have found this analysis helpful, please take a moment to leave a like and a comment or share your idea with me.
Short
by mohemati
5