OVERALL DAILY TREND: BULL BIAS in HTF From a Daily TF perspective, there seems to be a higher timeframe Wyckoff Accu 2 at play. There is a DTF Rally that is undergoing a pullback sequence and is already at the area of the Daily Fib 618-786 Expectation is that PA will reverse soon to the upside. DAILY CYCLE POTENTIAL OUTCOMES for today: D3 shorts/ False Break...
Nas is looking like it is re-accumulating atm but it could turn on a dime and all of a sudden become a distribution schematic so pivot areas are indicated in the annotations on the chart. Just watch out for what price action does in the next coming weeks along the key areas and levels as it will be pretty telling if we are going to start a meltdown soon or if we...
2 Possible scenarios today for gold. Personally, I am still bearish until we see signs of bullishness which i think will manifest in the next week or two if not tonight.
Could rally until the next couple of years or it could just go sideways and tank earlier than that, We'll see how it goes :)
just thoughts on price action. Annotations on the chart
Multi-timeframe Analysis This intra-day move is guided by 3M, M, W, and Daily structures analysis. Daily Outlook (D) 6/15/23 Daily structure has broken to the upside to support the Weekly Timeframe's narrative in forming a right shoulder to the key weekly areas identified (Weekly Supply and imbalance) Expectation: Continue the uptrend until it reaches weekly...
Could reverse any day this week. MRN for the pound tomorrow. Would be good to see what it does. Structure break M15 has yet to happen but intermediate LTF structure has. In the HTF's GU still very bullish. This is a short term sell setup If price goes beyond and stays above 1.2850, this setup becomes invalid.
Shorts are in order but banking only until 618 level. Breached a weekly trendline. Could progress further to 786 but we will see how price reacts to M3 key level.
Trendline retest to hit at D/H4 fib levels. High probability entries confluence with either 25/00 levels or weekly key level w TP to 27 ext. Can possibly go down further to Monthly trendline @ 1.0700. 150 + pip sell setup
Oil has been treating previous month's 50% level as fair value. Simple fib level retracement from last Thursday's expansion. Confluence of last month's 50% acting as f value + 70.00 key level + 50% fib retracement level 300 pip drop to previous week's low. Keepin' it simple.
Annotations on the chart News shouldn't really be impacting price action but sure as heck moves it. 4 weeks worth of shorts in the market for an explosion during Canada's CPI news on Tues. Last Fri was first green day. Looking at the Asian session or the following days for a potential buy at the 50's @ H1 supply and will hold if price sustains bullishness -- that...
Annotations on chart. Classic market maker moves. Auction higher only to pull the rug. this is like my final take on it. Its good to analyze over and over again bec price will do what it will do. But same thoughts remain from start of June. Still same.. just reinforcing the idea..
Depending on D & Weekly price action, 2 points XAU can go. Generally based on Wyckoff Schematics. Will link this chart up once I'm done with my Monthly and weekly. Meanwhile -- H4 /D Timeframe price action is linked on here. Atm it is above a Quarterly key level. If it breaks that level and continues down, we can potentially retest 1700. But i have no confidence...
Markups on the chart. Long setup continuation of yesterday's push up. Phase D w news catalyst later at 10 Could reverse but biased towards tagging Monday's high opening range.
Annotations and markups on chart. If price respects the low bear resistance and gets up to break M15 supply, we freaking buy! $$$$$$ Sell Setup is just a straight away sell. Heavy selling pressure present but we are at previous levels of month, week, and day. So, we'll see. Good luck, traders!
Weekly Outlook (W) Bear bias until price action establishes an uptrend above 1.1092 6/15/23 Still making higher highs and lower highs Last week of May just made the last higher low @ Weekly fib 78.6 level Expectation: IF Continues uptrend: reach last HH level or 1.1100 and eventually 1.1250 (27 ext) If not: Price reactions from levels below: 1) 0.0865 H&S...
Just a few thoughts on what my outlook is on XAU. Annotations on the chart. ATM, long-term outlook, I am bullish biased. HOWEVER, we still have to see how the next week or 2 will progress according to price action. Post that, I can full decide where the fuck XAU is going.
Annotations are on the chart MTF Analysis 3M-Uptrend, already made a LH (unless it hasn't) M-Downtrend, has retraced to the 50% monthly fib. May have a bear run to the 27 ext IF weekly TF shows a bear trend. If weekly TF sustains uptrend, its 27 ext fib coincides with the monthly fib 618 level. W-Uptrend. ATM making HH's and LH's --Expectation is to mitigate the...