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Supply Zone

AAPL Aims to Reach $160 Target in Near FuturePrice action in financial markets often gravitates towards key supply zones, which are areas where selling pressure has previously been strong enough to drive prices lower. Traders and investors often use supply zones as important levels to watch for potential price reversals or to enter short positions. AAPL is no stranger to this, and when looking at the price action mixed with the key indicators on this 4h timeframe, we can see the last few times that the wave master indicator called a buy and sell: DEC 10 2021: SELL: 179.50 (-6%) DEC 30 2021: SELL: 178.19 (-14%) FEB 03 2022: SELL: 173.00 (final warning -14% before -27%) JUN 14 2022: BUY: 133.25 (+32%) JAN 05 2023: BUY: 126.50 (+22.4% so far) We're not geting a solid sell signal yet, but we're darn close. Look at ALL the waves. red, yellow, white are all overbought and the green wave is almost there. That will be the first time we've seen this since Feb 03 2022 but the chart formation looks more like the DEC 30 sell signal. I'd be very cautious as a drop is likely to occur over the next 1-2 weeks. Probably won't be super deadly like other drops have been but it'll be enough to kill some late bulls for sure.
NASDAQ:AAPL
by bitdoctor
4
XAUUSDHello traders. Hope you spent a wonderful weekend! Gold is currently in very significant area. If you look higher at Weekly timeframe you will notice that this is close to the previous supply zone, a zone of strength. On the other hand, forecasts and fundamentals indicate that this specific metal will create new All-Time Highs during 2023. So,as a traders we want to make money and benefit from the market following the moves with correct entries and exit levels. Personally, I am expecting a sell from the level of 1880 to 1905. The point is that we never know the precise reversal areas. All we have is educated guesses. One position in 1903 (approx.) and another - half size in the area of 1880 for short aiming profit targets: 1850 (80% closed position for safe,)1830-1823-1812 Important to mention is that from the downtrend started at 2067 and terminated at 1616, we are between 0.5 & 0.618 Fibonacci levels. These levels will mean nothing in case something big is going to be released. Long term speaking, I am waiting to enter gold again in the range between 1803 and 1812 with a targets 1880-1900-1955-1980. Perhaps the market will not retrace to such levels so I am waiting to see rejections of 1820 area.
PEPPERSTONE:XAUUSD
by The_Forex_Path
WTI-Oil 5TH MARIs Sunday again with starting our analysis off with WTI oil. For us it's a pretty simple setup this week. We're looking for a play off of the supply at the high of our swing, we're looking for price to drop down lower towards the 15 minute demand that we have highlighted below. Now of course, if we don't get a reaction at this supply. We will look for price to travel back down to buy up into the triple top we have on the daily time frame. Make sure that you always use your confirmations to get into a trade and always be flexible with your analysis. Remember, sticking to your trading plan and consistently entering the same setups will bring you profitability. If you like this idea, drop us a boost and a comment down below. We hope you all have a profitable and successful trading week.
OANDA:WTICOUSD
by PipSurfingSociety
USDCAD Study Case 🧙‍♂️Intuition suggests price is likely to flow back up to the main weekly supply to clear out seller liquidity. How we will get to that zone is another story. I don't think we will push up to the zone from here. I believe price has lured buyers in after breaking the trendline marked. So price is likely to do some manipulation to clear breakout buyers before flowing to our target. I have done a rough illustration of what I am after but we will have to judge it as the price progresses. I am wishing you all a fantastic trading week team!
Long
by AlkalineFX
9
AUDUSD shortAlthough you could build a case for a bottom reversed H&S long. It's actually a short setup that I have in sight. It's because it's a broken demand zone that became a supply zone and it had a significant local rally afterward. So for me it's basically two setups in one. A supply zone and bounce zone, which could indicate a very strong zone for a correction or reversal. It's of course if price can manage reaching these levels and not punches through. Nothing is curtain, just ideas and probabilities.
Short
by GoldvalleyCap
Bitcoin on the daily continued...As Bitcoin rejects off the key area it's following the prediction path line accurately so far over 2 weeks after the initial idea was published. The 4H 200EMA has provided support once again and on the 1D 30EMA support has held. Due to this BTC still has a good chance of progressing in the bullish trend if this structure holds. However, the overall trend switches from bullish to bearish after price falls below the 1D 200EMA & the red dotted trendline. Personally I think the chop will continue going into the weekend without any crazy news effecting the market.
INDEX:BTCUSD
by ProR35
WTI-Oil 26th FEB West Texas Oil Lets start this Sunday analysis off with oil... Were looking at a bullish to bearish switch in order flow from last week, so coming into this week iam looking for our current bearish flow to carry over and continue. Price is currently sitting in a supply zone so we could see a sell off from market open, of course we confirm our moves as price delivers (not before). The overall goal for this is to follow bearish moves down into our larger areas of demand that you can see highlighted below, as always price will show you where it wants to go as we start to move into new areas. Now... the plan for me is to look for shorts either from the supply we sit in currently or the supply that is shown above. If this area is not met or does not deliver as we thought then we will look for long at our demand... *note the small area of demand we have marked at our last low, this is an area of possible reaction so be sure to watch how we behave here... we could see a pullback or even short term reversal from here* Remember guys, if you like this idea, hit that boost button. Drop us a comment down below. Let us know what you think. As always guys trade safe, stick to your trading plan. I hope you all have an amazing trading week.
OANDA:WTICOUSDShort
by PipSurfingSociety
GBPAUD I Potential short from supply zoneWelcome back! Let me know your thoughts in the comments! **GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
24
EURGBP potential reversal zoneHi; EURGBP has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
2