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Supply Zone

NVDA High Volume Spike at Local ATHHigh Volume at NVDA at local high, to me indicating exit liquidity after q1 was over march 31st. NASDAQ:NVDA is breaking down, past its former trend support line. Sitting at a key Supply zone. Bearish Divergence on the MACD. MACD crossing 0, heading down on 3 hour. MACD emas are crossing on the 1 Day at a local high. This stock is trading at a P/E of over 100 in a bear market on speculation of AI bullishness. While this is not unfounded, they have had lower earnings for the last few quarters. I think a lot of funds were buying this stock before the quarter was over, and are now dumping it at such a high P/E in a bear market. I anticipate a drop down to 250, the 220; but probably not lower unless the AI narrative changes to public regulation necessity.
NASDAQ:NVDAShort
by International_Leeroy
On a sugar high, owing to weak supplySugar prices have soared this year, up +21.6%1 owing to concerns about tight global supplies. Lower Indian supply coupled with weaker than expected output from Thailand, (at the second and third largest sugar exporters respectively) continue to provide a tailwind for sugar prices. While Brazil’s harvest in the coming months is expected to be strong, logistical hurdles owing to higher exports of soybean and corn could restrict supplies over the coming months thereby supporting sugar prices higher. Net speculative positioning on sugar is 139% above the 5-year average2. Over the past month, short positioning has declined 16% highlighting the improvement of sentiment on the sugar market. Weaker sugar supply from India India is one of the largest exporters of white sugar, but shipments are controlled by quotas. The Indian Sugar Mills Association (ISMA) latest report indicate that Indian sugar production fell marginally to 28.2mt so far this season through 15 March3. ISMA cut its sugar production estimate for 2022/23 crop year to 33.5mn tons from 34.5mn tons on account of lower output and more use of sugarcane for biofuel. Sugarcane processing in Maharashtra, the most important growing state, could end 45-60 days earlier than last year because heavy rainfall has reduced the availability of sugarcane. Sugar production in Maharashtra is likely to total a mere 12.8mn tons according to the chief of State’s sugar commission, nearly 1mn tons less than previously anticipated. Lower sugar output is raising concerns that the India government could restrict additional exports. More use of sugar diverted to India’s Biofuel program At the same time, Indian Prime Minister Narendra Modi is pursuing an aggressive biofuel program that will see more sugar cane diverted to make ethanol to help curb air pollution and reduce oil import bill. The biofuel program also lies in the interest of farmers by making use of excess local production and boosting their incomes. This season, the government plans to divert 5mn tons of sugar to make ethanol, up from 3.6mn tons a year earlier4. The eventual goal is to divert 6mn tons annually toward fuel production by 2025. Lower sugar production in Thailand remains price supportive for sugar Thailand’s Office of the Cane and Sugar board confirmed that Thailand crushed 93.88mt of sugarcane in 2022/23, lower than the initial estimates for more than 100mt of cane5. As a result, the bumper crop expected in Thailand is also falling short, resulting in 2022/23 total sugar output in Thailand will be at around 11mn tons (versus the 12mn tons expected earlier in the season)5. Lower than expected output from Thailand combined with less supply from India remains price supportive for sugar. The front end of the sugar futures curve remains in backwardation yielding a positive roll yield of 2.9% reflecting tightness in the market for short term balances. Logistical bottlenecks could restrict supply from Brazil Looking ahead, progress of the sugar crop in the Centre- South region of Brazil remains a key headwind for sugar prices. Brazil sugar production is expected to be over 36.5mn tons in 2023/24, only slightly less than the all-time high of 38.4mn tons seen in the 2020/21 marketing year6. However, shipping Brazilian sugar could face delays in the Port of Santos as it competes with exports of other Brazilian grains such as corn and soybean. Road freight is also likely to face significant price increases. Santos terminals receive sugar and grains by trains and trucks. However, competition from transporting soybeans has been taking space away from sugar in train cars. Higher freight prices impact the margins of the mills. Likelihood of El Niño, if realised, remains price supportive for sugar With La Niña over, there is now a chance the Pacific Ocean surface could warm later this year and spark what is called El Niño. The US Climate Prediction Centre has raised the likelihood of an El Niño emerging between August and October to 74% from 61% a month ago. One common knock-on effect is higher precipitation volumes which would be positive for sugar prices over the medium term with fewer milling days and sugar production. El Niño could bring relief to drought parched areas of Argentina and southern US, but it could also lead to hotter and drier conditions in parts of Asia and Australia. Conclusion Restricted supply from India alongside lower supply from Thailand have helped sugar along its upward journey so far. Looking ahead, with the Argentinian soybean crop forecasts struggling in the face of the ongoing drought, we expect Brazil to do a lot of the heavy lifting by offsetting the shortfall in supply of both soybean and corn. This is why, logistical hurdles are likely to impede the supply of Brazilian sugar thereby supporting sugar prices higher over the medium term.
ICEUS:SB1!
by aneekaguptaWTE
Would love to see the sell side liquidity taken out I would love to see the sell side liquidity taken out prior to the relatively equal lows where liquidity is resting below and it happens to be just below the discount zones... yesterday I and my community went long on GBPUSD/AUDUSD and eurusd ...if you have been following my shared ideas here I did say I would love to see the buyside liquidity on Gbpusd taken out ..well go look at your chart ..anyways stay safe guys ... #Iamace #Acethetrader #AcetradeingAcademy
by ace_did_it
EUR/USD Short-term & Longterm IdeasWhats up TV community. just want to share with you guys my view on EURUSD. From yearly Topdown to Daily. We touched the Yearly Demand level & the 3Month Chart has a strong bullish candle which engulfed the previous bearish candle. (some bull signals) on Monthly timeframe we eliminated the last Supply CP and we created nice demand level with imbalance, which indicates more bulls kicking in. Now we jump to Daily timeframe and use our fresh demand levels to jump into the rally . Never forget one major thing. Follow your trading plan. i am just sharing ideas. If something big happens with fundamentals technicals can change never forget that. Enjoy your trading.
by IKA-academy
2
BTC - Critical Period / Area ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 on Daily: Left Chart BTC is currently bullish trading inside the red rising broadening wedge pattern. However, it is approaching a strong rejection zone. Here is why the 30k - 32k is a strong rejection: 1- Round number => 30,000 2- Classic Support Zone Turned Resistance from Weekly timeframe 3- Supply zone marked on the chart 4- Intersecting with the upper red trendline acting as a non-horizontal resistance 📉 For the bulls to take over from a long-term perspective, we need a weekly break above 32,000 📌 on H1: Right Chart For now, as long as we are inside the 30k - 32k zone, the bears can take over for a correction. For the bears to take control, we need a break below the last minor low in gray. 📉 In this case, a movement till one of our two demand zones would be expected (highlighted on the chart) Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
31
Long on GU Did you guys see how gu successfully delivered to the point I showed you guys on Sunday midnight...I pin point the level 1.24564 for the market to reach , though we had a fake move downwards to induce sellers to think it was ready to sell..lot of people stop loss were taken out prior to the sells and what happened? It started buying and reached for the buyside liquidity.....study the chart folks ..this is the same analysis I dropped on my community tab but most of them were inpatient to wait and the entered sells..all I can say is that ,it didn't end well for them ......stay safe ,till next time
Long
by ace_did_it
Li Auto is the price going to continue to drop?Li Auto has been red for the last few days but if you look at the price action its been trying to hold its own and hasn't really dumped. Somethings changing or happening right now and I believe its a balance shift. In this video I use this perfect oppurtunity to show how the ESVO can show you where Absorption has been hit, when momentum has shifted, and where price targets are for potential push down to absorb the remainder of the float or to repeat the N pattern(pain pattern that creates the catalyst for an upwards movement off the bottom.) Of course, if you find any of this intriguing pls like, follow, and most of all boost so others can find my videos. Thank you! by iCant84it 04.05.23
NASDAQ:LILong
by iCantw84it
📊Market Structure Breakdowns Pt.1Not every pattern or indicator is a confirmation that you should enter a trade. Understanding the market structure is key and in these series we will explain how to read a Bullish and Bearish market structure formation with multiple indicators/strategies and what you should look for before entering a trade. The markets are either trending up or down until they experience a reversal in the opposite direction. Do not fight the trend, trade alongside with it's direction until a confirmation of reversal. It is not about being right, it is about trading on the correct side of the trend. 📈Bullish Market Structure A bullish market structure is characterized by a series of higher highs and higher lows, indicating that buyers are in control and there is a strong demand in the market with a strong upward momentum. Connecting the swing lows and swing highs will be a clear indicator of bulls pushing the price higher on each level and flipping the previous resistance into a support zone. A good way to trade a chart pattern such as a falling wedge, is to wait for the price to reach around the zone of support. That will indicate the end of the pattern and will give the best possible entry. To have confirmation of this, make sure that you are looking at the volume. When the end of the the falling wedge approachses the previous resistance turned-into-support, you should see volume coming inside the market to push the price higher. One key thing you must understand is that when resistance lines are crossed, they become new support and the cycle repeats until the trend break. 📉Bearish Market Structure A bearish market structure in the other hand, has a series of lower higher and lower lows, indicating that the sellers are in control and there is a strong downward momentum in the market. In this case, we will be looking for short opportunities. The same confirmation of a short is the selling pressure that can be characterized by negative delta volume. To confirm a trend line as true, it should have at least 3 touches where the price rejected from back into a support zone. The market structure is not symmetrical, with perfect patterns that completely respect each and every line you draw. Most patterns and indicators look asymmetrical and have a skewness and you should adapt to it. The big players are waiting for you to place your stop loss right above your trend line or pattern then push the price right above it so you close your position and they get their orders filled to push the prices lower. Stop hunting is one of the most important things you need to understand, until the market makes a Higher High of an important level, the market has not changed structure and it's still trending downwards. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
3
Bitcoin Short-Term Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin ⓡ Resistance Line 28952$ ⓡ Resistance Line 28549$ ⓡ Resistance Line 28300$ ⓢ Support Line 27881$ ⓢ Support Line 27617$ The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions. Thank you for reading my poor analysi
by WhaleGO_BTC
Revolutionary Insights into the EURUSD Bull MarketThe EURUSD currency pair has maintained a bullish trend on the daily chart despite multiple rejections at various supply zones. The price action is still above the 50-SMA and 200-SMA, indicating a bullish trend. However, the pair shows bearish reversal signals on the daily timeframe with a down candle close below the 2nd supply zone, and it's uncertain whether the price will pull back to the anticipated demand zone. The 4-hour chart shows signs of weakness, with the RSI displaying divergence, while the 1-hour chart indicates a gradual fading of bullish pressure. The 50-SMA on both charts may act as support for the bullish trend. Two targets have been set at 1.03989 and 1.01158, respectively, with the first demand zone at 1.06824. High-impact news for the US Dollar is expected to affect the currency pair. The key takeaway is to keep an eye on the 50-SMA and 200-SMA as indicators of the bullish trend and be prepared for potential changes in the trend if the price breaks support levels.
by ClintOnos
Going long on GBPUSD Last week was a hectic week ,the market was not moving the way I anticipated it to move probably because of the NON farm payroll we had last week and I took some loses on Wednesday.. again I do not trade any news be it fomc or cpi or NFP ...I don't trade I stay off...but that not what I'm here to share with you guys today ....if I'm to take GBPUSD on Monday,of which I don't trade on Mondays , more over There is a public holiday on Monday,so the market would be stagnant,by Tuesday the market should rebounce back..but anyways since GU has traded down to our demand zone on the hourly,I'm expecting a push up to the level 1.24564 , point to be taken,we still have a strong demand zone at the level 1.23109 ..but I don't believe price would run downwards immediately like that so I still stick to my initial level for price 1.24564 to reach before doing whatever it wants ... anyways stay safe guys and make sure you enjoy your easter holiday and to the Muslim brothers Ramadan Kareem #IamACE #ACETHETRADER #ACE TRADING ACADEMY
Long
by ace_did_it
1
AAPL insider trading and net cash flow from positive to -70Mil AAPL with all of it's great achievments has what seems started to run out of steam.... With insider trading recently and net cash flow going from a surplus in 2019 to trending negative since and at -$70 mil currently.... I see signs of weakness. Looking at the chat there are clear signs of manipulation and gapping up over solid resistance areas to get to where it is today. This recent pull back for re-accumulation looks like a failed re-accumulation mid run. This is apple so I am not sure how much of a fight this will put up. However, I feel confident this will drop to at least close the gaps. 8 Days should be enough for the $161 traget. 36days should be safe for a Price target of $152. Which seems ambitious when looking at it from the top but its been on a straight 45 degree angle since Mid March. However, this is the same stock that took from Jan 2021 to Mar 2023 to finally make support out of the $140s. If this pulled back to $152 it would be completly conservative compared to those 2 years. This $152 area is the last place there was synergy between volume and price. Which means this is the last place buyers and sellers saw eye to eye for a period longer than a few hours. If you like or are intrigued by this analysis pls like and follow and of course hit the BOOST button as thats how more people will be able to see this. This isn't financial advice and I wouldn't suggest blindly following my trades, if you see the price going against save your profits and or money and look for another entry. by iCantw84it 04.06.23
NASDAQ:AAPLShort
by iCantw84it
3
OPEC’s supply cuts pre-empt economic weaknessThe Organisation of Petroleum Exporting Countries and its partners (OPEC+) producers surprised the market with a decision on Sunday 2 April 2023 to lower production limits by more than 1mn barrels per day (bpd) from May through the end of 2023. This decision was announced ahead of the OPEC+ Joint Ministerial Monitoring Committee (JMMC) meeting scheduled on 3 April and was contrary to market expectations that the committee would keep policy unchanged. Over the prior week, OPEC+ ministers were giving public assurances that they would stick to their production targets for the entire year. This cut tells us that OPEC+ is pre-empting weaker demand into the year and was looking to shore up the market. OPEC+ announcement may have caught speculators by surprise It is evident Sunday’s decision caught the market by surprise evident from the commitment of trader’s report which showed net speculative positioning in Brent crude oil futures at -44k contracts were 146% below the 5-year average. Sentiment on the crude oil market had been weak prior to the decision. Demand outlook remains soft amidst weaker economic backdrop OPEC has been markedly dovish on oil demand for some time relative to other forecasters such as the Energy Information Administration (EIA). This cut helps solve the disparity that existed between OPEC and the EIA. OPEC expects oil demand to grow by around 2mn bpd in 2023. A significant portion of this growth (nearly 710,000bpd) is reliant on Chinese oil demand . Given that such a large amount of demand hinges on a single economy poses a risk to the demand outlook as the pace of China’s recovery post re-opening has not been as robust as previously anticipated. At the same time, tightening credit conditions owing to the recent banking crisis is also likely to weigh on growth forecasts in the rest of the developed world. Global Purchasing Managers Indices (PMI) indicators suggest manufacturing activity has contracted since September 2022. Supply outlook will be driven by new OPEC+ cuts Since Russia has been producing less than its notional limit, the reduction on actual production will be less than 1mn bpd. But with Saudi Arabia committing to voluntary reduction of 500,000bpd we would expect the overall decline in OPEC supply to be around 900,000bpd by the beginning of May 2023. Assuming OPEC production holding at the recent 28.9mn bpd for April, our balances would point to an equilibrium in Q2 and a return to a deficit in Q3 and Q4. This deficit is largely a function of OPEC+ cuts as opposed to stronger demand globally. The front end of the Brent crude oil futures curve remains in backwardation with a roll yield of +0.4% OPEC+ producers can also cut without the fear that they will lose significant market share to non-OPEC members. Previously, OPEC+ would be reluctant to let prices rise too high, as it would incentivise a supply response from US producers. However, US producers today appear more focussed on capital discipline and maximizing shareholder returns. The US also has limited capacity to plug the shortfall created by OPEC+ cuts owing to last year’s unprecedented release from strategic US oil reserves (now at a 40-year low). Conclusion In the short term, OPEC production cuts are almost always supportive evident from the recent price reaction Brent crude oil prices have risen (+6.54% ). However, over the medium term, the price response to cuts have been more mixed as they do tend to signal underlying weakness in the supply/demand balance. Either OPEC countries are expecting demand to be significantly weaker or doubt oil production in Russia will decline as sharply as forecasted. So, with speculative positioning at currently low levels alongside further inventory draws expected later in the year, the risks are titled towards the upside for crude oil prices. However, given the uncertainty in the macro environment, we expect the upside in prices to be capped at about US$90 per barrel.
NYMEX:BB1!
by aneekaguptaWTE
Bitcoin Short-Term Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin ⓡ Resistance Line 28952$ ⓡ Resistance Line 28549$ ⓢ Support Line 28300$ ⓢ Support Line 27617$ ⓢ Support Line 27229$ The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions. Thank you for reading my poor analysi
by WhaleGO_BTC
***Bili Put Update**** Had to take profits.Sorry, I know I said I was sticking this in but it wasn't until the final moments of the market that it finally finished a reaccumulation....where it had not been able to even come close in the last couple of days. When it started to form I was charting it out which you can see the starts of in the previous video. But again it wasn't ready or even looked ready until the last 5 mins of the market. I ended up using the same trick as the one I used on the TRKA video where I showed absorption and the how the market responds to it as it explodes upward. So if you want to see that video check out the related video. Price target going up is $21.60 then I think we retest this low. Again if you are intrigued by anything I am showing you. Please Like Follow and of course hit the Boost button as thats the only way people can find my videos. by iCantw84it 04.05.23
NASDAQ:BILILong
by iCantw84it
TRKA Can it get out of the low .20s? Absorption Pop!TRKA was setting up to make a move that was going to pop so I had to jump on real quick to catch it. Using Volume and price you can find synergy in between the two and watch for when the set up is about to capitalize on everything it had set up. We are talking about institutional trading and algo trading. Using the ESVO (an indicator i made with ChatGPT to identify the bottom and the move after that sets up an explosion off the bottom.) Really is a beautiful thing. Will TRKA make it out of the 20s? Who knows! That's not why I made the video. I made it to show off how I use my indicator and share how to identify the bottom and what is needed to move up. If you find any of this intriquing please like follow and of course Boost, as its the only way more people can see my videos. Thank you. by iCantw84it 04.05.23
T
by iCantw84it
Bili Puts Update is it time to get out?Using the ESVO and looking at some different points of view from the previous move off the bottom, I have decided that we are not at the bottom of this move and we should be seeing another push down until we find synergy with price and volume. If we have a move to the upside I believe it will target $22.61 then dump to about $18.69 possibly deeper until we find that sweet spot where the two meet. If you find any of this intriquing pls Like Follow and Boost because that really helps me get more views. Thank you. by iCantw84it 04.05.23
NASDAQ:BILIShort
by iCantw84it
Bitcoin Short-Term Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin ⓡ Resistance Line 28570$ ⓡ Resistance Line 28317$ ⓢ Support Line 27682$ ⓢ Support Line 27229$ ⓢ Support Line 26693$ The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions. Thank you for reading my poor analysi
by WhaleGO_BTC