TRADEPROAcademy

TRADEPROAcademy

Disney popped aggressively on the launch of their new streaming service that captivated a large audience and took away from other streaming competitors such as Netflix. Disney has yet to report an earnings report with their Disney + addition and there is more upside to come over the next few months. Where should one look for longs on Disney? Based on pure...

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EURUSD has been on a strong down-channel for nearly 2-years now and it's respecting the market structure and confluence that it is forming for the moves lower. Just recently the top of the channel and strong resistance based on the structure was hit at 1.1105, from there a long extended doji wick formed which identifies the sell pressure coming into the market. We...

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Production cuts are the talk of the day and the foreseeable future around the OPEC and OPEC+ meeting. We recently saw an extended move to the upside from the support structure. From here we moved into the previous strong resistance level at $58.70 and now we do anticipate more upside, should the mapped out support zones hold. Oil could find itself down to ...

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BTC has been on a steady drop to the downside through a lot of support zones but it has been move systematically lately and if one can read the candlestick patterns and the trend they can see that the downside is looking stronger and we may see BTC down to the $5300 or even $5000 target level. The long wicked dojis at the resistance level that broke indicate...

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The DAX managed to pull back, as anticipated through rotations at the top of a structure area it failed to break above into its all-time high and into a new high after several attempts and the downside was expected. We had 2 levels identified as potential targets, the first being the cluster of support that was mapped out based on where the price started its rally...

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The SPX was due for a pullback, we had anticipated the move lower before a pop would be more extended than it was and it was driven on trade news. We did, however, curl back into the wedge that was broken and use it as support before slightly rallying throughout the past few sessions. It did not seem like the downside was over after Monday, considering we saw an...

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Gold was recently looking really bearish as trade news started to flush out of the US that did not look to good for the remainder of the year and the schedule they had planned. A double bottom formed on Gold at $1447-1450 where price rallied and nearly hit $1490 on its way up. The idea here is that there is strong resistance at $1485-1490 based on the low volume...

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Immediate short on DAX makes sense if you look at it on a weekly basis there is reversal structure forming at the current price, the long wicked dojis and red candle pinbars are associated with a move lower. The volume is accumulating for a slight retrace as the DAX cannot catch up to the US equities at all-time highs. The retrace is still the previous broken...

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BTC has climbed off the structure support break into the resistance structure that we outlined based on market structure. We needed to see a stall in this area for the continued move lower. The first red day just occurred and it was strong, we need to see an extended move lower or some doji candles to indicate a reversal to the downside at this resistance point of...

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ETHUSD has finally shown a continued move potential in market structure to the downside. We were waiting for the double bottom to break through and price to pullback into the broken low. Price has a pullback and begun to rotate at the new resistance which can bring the price down to the ultimate support at $85-90. The downside break was on good volume, the volume...

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Crude oil manages to come back to a key support level and rotates well. The $57.90-58.05 area held really well and the long extended wicks on the candles suggest a strong buy sentiment is protecting the upside. The buyers are coming in on strong volume and we expect price to move back to the resistance level at $58.50 first and then through the $59.00 level. The...

TRADEPROAcademy Updated 

The Russell 2000 small cap index has been a prevalent lagger throughout the whole US equity rally into all-time highs. This is of concern for the health of the economy and the health of the S&P 500 index. The small-cap sector reacts the most to economic conditions and monetary policy, being the most affected if they cannot make new highs and are over 8.5% away...

TRADEPROAcademy Updated 

Bitcoin has recently penetrated the support structure that we mapped out as the last chance for the buyers to step it. There was an extended wick that attempted price to climb back above $7,500 however it is failing and further downside is ensuing. IF BTC cannot break back above $7,500 on these long wicks and close above a stronger downside will open up. This is...

TRADEPROAcademy Updated 

ETHUSD like other cryptocurrency has been in a recent downtrend and the structure for a continued move lower has just confirmed. The support level at $158.00 needed to hold desperately as a triple bottom, that was not the case. Now that price broke out below we expect a move into the next support of $125, retrace into $158 and move into $87.00 based purely on the...

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US treasury yields and the S&P 500 have a positive correlation. The two usually move lockstep to a certain degree and when they diverge, they don't stay divergent for too long. This time, however, at the beginning of 2019, the divergence occurred and has continued for nearly 12 months now. The idea behind the correlation is that bond prices are typically...

TRADEPROAcademy Updated 

Gold recently held the broken support as resistance at $1475 and moved lower well. There is an indication that it could slide through the support structure immediately at $1457 and then $1445. Both Fundamentals and Technicals show a weaker gold market. The wicks that formed at the $1475 resistance mean that the sellers are strong and not to mention the volume on...

TRADEPROAcademy Updated 

DXY, the dollar index is in a strong bull trend, has been for the past year and it's slowly climbing higher, there is still some more upside based on technical analysis & fundamental analysis. Technical Analysis reasoning: The index is making higher highs higher lows, support the bullish market structure. The broken top at 97.85 held well as support on the...

TRADEPROAcademy Updated 

GBPUSD is forming somewhat of a leisurely downtrend on the 4-hour chart, lower highs, and lower lows. An impulse move from 1.292 brought price down, which is now the resistance point to watch for on the retrace for a continued move lower. If that support breaks we will see 1.280. If the price moves past that we will expect 1.295 to hold resistance so the FX pair...