priceactiontds

priceactiontds

Good Evening and I hope you are well. tl;dr Bitcoin - Neutral. Bears did good but I do think a pullback is imminent and could easily retest 70000-71500. This whole move is W1 of the next bear trend and any short with stop above 75000 is good. We will likely see 60000 in the next 1-2 weeks. comment: Bulls could spike this up tomorrow due to news but...

priceactiontds

Good Evening and I hope you are well. tl;dr wti crude oil: Neutral between 68 - 72. Market is in balance inside this range and for now no side has clearly better arguments for a bigger impulse. Market formed another nested triangle inside the big one. Which means buyers and sellers are in balance. Quote from last week: comment: Bulls actually managed to...

priceactiontds

Good Evening and I hope you are well. tl;dr gold: Neutral. Bears got a minor pullback from the ath but only printed 1 decent bear bar before disappointment again. 2720 is probably next big support and I see the market rather moving sideways and retesting the highs before a bigger move down and a break of the bull trend line. Quote from last week: comment: ...

priceactiontds

Good Evening and I hope you are well. tl;dr sp500: Bearish. 5730 was expected support and if bears are strong, 5800 stays resistance now. Expecting more sideways movement before another impulse down. Next target for bears is 5600 and bulls need a daily close above 5800. Thursday’s selling was strong enough for more downside but could also just have been...

priceactiontds

Good Evening and I hope you are well. tl;dr dax xetra: Bearish. Bears finally got some follow through lower and got near 19000. Next they want to keep the pullback shallow and get a second leg down to weekly 20ema around 18800 which is also where the next bull trend line is on my chart. There we will see if it was low enough for bulls to buy or if we have to...

priceactiontds

Good Evening and I hope you are well. tl;dr Indexes - October is behind us and markets closed at the monthly lows. Clear sell signal going into November, since this is an amazing bear breakout. Markets are now in search for a intermediate bottom to form a proper channel. Most markets are also at bigger support and we can expect some more sideways to up movement...

priceactiontds

Good Evening and I hope you are well. tl;dr Indexes - Many bull trend lines are gone for good. Bears closed at the lows and they desperately need follow through tomorrow. If nq won’t keep the markets afloat tomorrow and drops below 20400, we will likely see a big sell off with 20200 or lower. Dax looks done, clear break of the trend line, swing shorts are juicy...

priceactiontds

Good Evening and I hope you are well. tl;dr Indexes - Many bull trend lines are gone for good. Bears closed at the lows and they desperately need follow through tomorrow. If nq won’t keep the markets afloat tomorrow and drops below 20400, we will likely see a big sell off with 20200 or lower. Dax looks done, clear break of the trend line, swing shorts are juicy...

priceactiontds

Good Evening and I hope you are well. tl;dr Indexes - Mixed and still undecided. Not one broke out of their patterns today and I expected the breakout last Friday. Dax faked to the upside to sell off to the bull trend line again while nasdaq printed a strong bullish outside bar and is now near the top of the bull wedge. All patterns are still valid and the only...

priceactiontds

Good Evening and I hope you are well. tl;dr Gold - 2800 is close, nothing is stopping this. BTFD. I expect bigger profit taking around 2800. gold comment: I gave the 2800 target a long long time ago and we are close. Only question is, where do you enter new longs? We have a decent channel upwards where the lower trend line is around 2760. Market also...

priceactiontds

Good Evening and I hope you are well. tl;dr Oil - Gigantic bear gap with Globex open and market closed 370 ticks down or a bit more than 5%. 1h 20ema is resistance until clearly broken. Bulls are in a world of hurt here. 66.5 is the next lower target before we go for 65. Bulls need anything above 68 again. comment: Market has now went from doing 18% upwards,...

priceactiontds

Good Evening and I hope you are well. tl;dr dax xetra : 4h chart shows a triangle if you adjust the bull trend line from August. It will break out on Monday and I clearly favor the bears to break below and go for 19000. Above 19650 I am wrong and we could see the leg up to 20000. Bear confirmation is only below 19300. Until the breakout, you can either wait or...

priceactiontds

Good Evening and I hope you are well. tl;dr sp500 : Multiple ways to draw triangles and bull wedges on the daily chart. It has room to go more sideways but Friday’s reversal was so strong an market closed at the lows, that I think many bulls have enough reason to be disappointed and will exit once we break below 5800 and then we will likely see 5750 next. Above...

priceactiontds

Good Evening and I hope you are well. tl;dr gold: Clear two legged pullback on the 4h chart. Could be enough for the bulls to take control again and go for 2800 on Monday/Tuesday. If they fail below 2780 again, we could see a more complex pullback down to 2700. Market is clearly still max bullish and I doubt we see better selling until we hit 2800 or even...

priceactiontds

Good Evening and I hope you are well. tl;dr wti crude oil: Dead zone 70 - 72. Best not to trade it and wait for the breakout. I have no opinion on who wins it. For me to believe the bullish breakout to be good, I need to see follow through selling above 73, otherwise it could still be just a retest of the previous support. Quote from last week: comment: ...

priceactiontds

Good Evening and I hope you are well. tl;dr bitcoin: 65000 - 69000 dead zone for me. I was wrong with my bear thesis so far and doing nothing right now is the wisest choice. Below 65000 bears are favored and above 70000, we likely print new ath. Quote from last week: comment: Neutral I called it and neutral it still is. Market continues to oscillate around...

priceactiontds

Good Evening and I hope you are well. tl;dr Indexes - Bulls bought the lows as was expected but they could not close the day with a strong bull bar. Instead we printed weak bull bars or inside bars. Are we any smarter today? Not much. Both sides are to weak to show a clear direction and so we mostly move sideways. Bears do not have any arguments after not...

priceactiontds

Good Evening and I hope you are well. tl;dr Indexes - Bulls bought the lows as was expected but they could not close the day with a strong bull bar. Instead we printed weak bull bars or inside bars. Are we any smarter today? Not much. Both sides are to weak to show a clear direction and so we mostly move sideways. Bears do not have any arguments after not...