priceactiontds

priceactiontds

Good Evening, I hope you had a great weekend and you are well. overall market comment Very slow and range bound trading day in most markets, so only a short update today because my nothing in my weekly premise changed today. gold comment: Market is forming a triangle and since we are near the low, bulls are expected to buy it above 2312 to not make lower...

priceactiontds

Good Evening and I hope you are well. current market cycle: Very weak bear trend - if bulls trade it above 67400, it’s a trading range key levels: 56000 - 65000 comment: My white circle played out exactly as I thought it would and bulls having a bad time trading above the daily 20ema which is bearish. Bulls will probably soon give up trying to keep this...

priceactiontds

overall market comment Markets clearly proved me wrong this week and right now the only question is how high this squeeze goes before we reverse. Dax already made a new ATH and it does not look like it’s going to stop anytime soon. For the sp500 & nasdaq markets tried multiple times on Friday to melt up on big volume but some bigger institutions stuffed the...

priceactiontds

Good Evening and I hope you are well. Gold comment: Strong buying today and bulls made a higher low and higher highs. Please have a look at my chart, which contains my next best guess on what could happen. 2375ish has enough targets to be a magnet above but I don’t think we can get there without a pull-back. A retest of 2448 is still very possible. current...

priceactiontds

Good Evening and I hope you are well. overall market comment Markets went sideways again which means balance. Currently most indexes fight for the 1h 20ema and oscillate around it. Bears got a deep pull-back which probably ran many stops just to quickly trade back up again. We are high enough to qualify for a proper lower high so the minimum bullish targets...

priceactiontds

Good Evening and I hope you are well. Most indexes closed around their opening prices and that’s as neutral as it gets. Dax squeeze party goes hard again. I do believe with all my heart, buying long term shorts here at 18500 is an absolute no brainer of a trade. It’s also mathematically as sound as it gets. You decide what sounds better. Get an 2x or 3x dax short...

priceactiontds

overall market comment I was clearly wrong with the bearish reading and bulls got another strong day and closed at the highs. Strong buying signal going into tomorrow for at least a bit more upside but we got so far, there is no reason why can’t make another couple of points to retest the all time highs now, where I expect sellers to step up again and bulls to...

priceactiontds

gold futures Quote from last week: bear case: Given the bullish climactic nature of the last 2 months, some correction is on order but bears need follow through below 2300 for a retest of the breakout around 2250. On the daily chart, this too is a two legged correction but it’s looking much less bearish, because we are still around the lower bull wedge line....

priceactiontds

Good Evening and I hope you are well. comment: Gave you the 60000 target multiple times over the last 10 days and right now the only question you have to answer is, how strong would you rate the buying here below 60000? Last weeks we saw big bull spikes at this level because everyone was in BTFD mode and eager to pump again. Less people do so now but those...

priceactiontds

Good Evening and I hope you are well. comment: Big selling today and melted through 80. My thesis over the past weeks was a correction to around 77. We are at 79 and the odds are very high that we get there. Might see another bounce first though. Unsure and we have to wait for tomorrow. current market cycle: most recent bull trend is over and we are...

priceactiontds

Good Evening and I hope you are well. overall market comment End of month proved to be volatile and bears made clear that the last bounce was a lower high and we are on our way to new lows. My overall market thesis for the last 2 weeks was, that this bounce should be a W2 and we are in a new bear trend. Now bears need strong selling to break through the...

priceactiontds

Good Evening and I hope you are well. current market cycle: Trading Range or Bear Trend - it’s unclear right now key levels: 60000 - 67000 comment: Also another market right at the inflection point. If we break down from here, we are in my drawn W3 and if bulls manage to strongly break above 67000 again, we might see another 70000/71000 run. I do think...

priceactiontds

wti crude oil comment: Market is making marginally higher highs on the 1h tf but it’s a reasonable triangle we are in. I think it will chop some more inside before another breakout and I think that will be news related/event driven. current market cycle: trading range key levels: 80-86 but converges inside 82-84 bull case: Bull legs inside the range...

priceactiontds

Good Evening and I hope you are well. overall market comment Bulls got excited again and calling for new all time highs after a 3 week selloff. Well today was the expected disappointment for the bulls, after euphoric bears got disappointed last week. That’s what markets do after wild moves. No one knows where it’s going and market is looking for the fair...

priceactiontds

Good Evening and I hope you are well. Gold comment: Tough spot to trade imo. Different time frames tell different stories here. Daily had a big reversal and closed above the 20ema. 4h says it’s a small pullback from a potential W1 of a bear trend and on the 1h chart we could argue that market formed a nice double bottom and we trade back to the weekly high...

priceactiontds

Good Evening and I hope you are well. overall market comment Today’s bounce was expected and necessary for the bulls to stop the selling and the real question was not if we get a pull back but how high it will be. That will determine the new short-medium term targets. bitcoin comment: Most of fintwit will promise you this pullback is the start of the new...

priceactiontds

Good Morning and I hope you are well. Let's do some SAP today because they just reported earnings. current market cycle: Strong bull trend is done after 3 pushes up and market is now correcting. Earnings were utter garbage and W1 could go much deeper and so will the targets below. I will update this, once market found bigger support. key levels: 170-185 -...

priceactiontds

Dax Quote from last week: bear case: Bears showed strength this week and bulls continued to take profits. Every bounce was sold and this pull back is now as deep as the one we got from mid 2023-12 to early 2024-01, which is around -4%, which is, given the +28% rise, almost nothing. Now we are at the first very important level to determine the strength and...