Technical reasons for a move to the upside are as follows 1 - 1 Fib Extension gives us $155 TR Pocket pull gives us $154 - $157 for more confluence, and finally we have Pivots at $152. All aligning in the same region I expect price to eventually gravitate to the upside . Not necessarily all on earnings day but never say never . Market structure is also in a...
Expecting some sideways before a move up into the 78.50 region and a pull back to the levels shown . Aside from the confluences I have documented , this plan also correlates well with my USD outlook . I will wait for the short and have alerts set but there is also a long from around 75.20ish if you wanted to take the move up beforehand. Of course this...
I present to you a possible scenario going into the weeks ahead . Gold finished Friday 13 Oct very strong with a move that no doubt destroyed many whom were taken by surprise with the aggressive move out of 1880 back up to 1945 in one trading session . The question is what's next? Well no one has the exact answer but here is a possible scenario which could be on...
. Do we go for the deeper retrace tomorrow during CPI . With everyone looking at 19XX I think its possible to see something like this . Wait for the reaction and then look for a trade as we will be in for some volatility .
I would like to see the FTSE index push up to the area marked BSL take out the LIQ and make a move to the downside .Potentially giving us a LH and a nice short entry .
Pending Fomc I present to you a potential short setup for after the event . Pump into the dump Take out the Liquidity *Equal highs push up above the vwap and reject back down in to the continued range . Confluences * Anchored Vwap , .618 fib and Volume imbalance Ensure to know your invalidation .
Straight forward short setup for the GBP / USD . Perhaps this is too obvious but either way i present to you a nice short setup with easy invalidation . At the target box we have the 200EMA sitting with .618 fib and the point of control of the range *POC I don't think we go straight down from here although of course that's possible but i would like to see a...
Hello traders Its been a while since i posted any charts because im too busy most of the time and i keep them on my pc or in my head anyway here i am with a chart on gold for a potential long . this chart/analysis is on a 3day htf and i anticipate the usd to continue its move to the upside up to 1.07 in which case we will get the move down on gold to...
I will be looking to take a short based on the following analysis . FTSE Approaching Major resistance with a HVN *High Volume Node up ahead as well as untapped Monthly and Daily levels . If this plays out I would expect PA to gravitate down to the 0.618 FIB for a strong level of support Housing the 9 , 30 , 50 and the 100EMAS all clustered in-between the...
Standard Fib Pull from ATH to Covid Low PA sitting at .382 fib level and the POC of the entire range . Loss of the .382 and we descend to the levels below , alternatively we stay within the current range inside the descending channel . I have marked an area of resistance for a potential short if the opportunity presents itself where Its possible we...
Hi Everyone and thanks for stopping by here is a recent recap of the BTC activity to date . January started with a drop from $47,459 to $39,600 followed by market buys at the SFP at $39,600K we then move up to $44,500 but encounter a big rejection at the 0.382 fib level which is a big sign of continued weakness . From here we are pushed down to test $32,900...
With BTCs Correction still not complete I expect to see more ALT Blood . We can see here with ATOM on the HTF we are trading inside the symmetrical triangle and we have previously hit the .786 fib maybe 5 times and its done a great job for support . This time round I would like to see it break and the PA to come outside of the triangle down to the .886 FIB...
DOT had completed its Retracement down to the .886 Fib and had a 45 % move upwards since hitting that level . Right now though we have been pulling back inline with BTCs downtrend . Below the current PA we have a Monthly level inline with the .886 so its possible that we revist for a back test and depending on BTCs volatility this could be a great Long...
A Naked Point of Control is an untested point of control which is either time based or volume based and exists in the current market structure. These NPOCS can serve as excellent targets for trades as well as potential areas of support and resistance dependent upon the NPOC's profile distribution. I have marked this Bitcoin Chart with Daily , Weekly and...
Set alerts for the back test of the Middle of the descending channel for a nice long setup . Expecting a strong reaction at the Point of control confluent with the .618 fib pull from last Swing High/Low also standard Fib Pull from the high to low of the whole range .786/.886 . The red box denotes a resistance level where I would be taking majority of...
Loopring currently sitting down at the .886 and at the POC of the entire range and printing HL and HH for a market structure change . I have measured some regions on the chart pulling Negative Fibs and Standard Fib retracement tool for areas of confluence although I have kept some info at a minimum to keep the chart looking clean . I decided to take away all...
This setup like any ALT/Derivative or Spot setup is and always will be dependable on how BTC is trading . Please ensure you understand this as I have been trolled by individuals whom dont understand the distinction and thus probably lose money and take it out on me . Ok well here we have the XTZ/USDT Pair on Bybit Perpetual contract . As you can see from the...
Currently Sitting at the 0.618 FIB support for the moment but I can see more potential downside in the coming weeks/months. Most likely that will be complete around the .886 fib which has confluence with fixed range pull and the range before Covid 2020 selloff. Correcting back to those old ranges before the Covid Selloff 2020 makes sense after 180 %...