NQ1 Weekly Bias Dec. 15-20 with Levels of InterestYeah yeah yeah, I'm bearish I get it I am a horrible idiotic terrible person. Anyway here is a starter chart for shorter term levels on the way down if that indeed is the way we go for a retracement. I think end of the year cycling out of winners is inevitable especially in the over-valued nasdaq big boys. Also looking at last week, we rejected the upper 800s, which is not a good sign. Almost looked like "they" pushed it off Friday open to see if there was any retail left. Turning from cautious to bearish based on all macro evidence and other indicators. Not full blown panic mode yet, we could possibly put on another month or three of gains, but we are much much closer to the end than anyone is talking about.
Also food for thought, when it's in the news it's in the price. There's tons of euphoria in the markets at the moment, with everyone pointing and chattering about the "Santa Rally" wherever I turn. Always be cautious when everyone is talking and feeling the same way, just my advice. Risk reward and risk management is all of trading. Reward for buying another 10% against a risk of losing 40% doesn't seem like something I really want to jump head first into at record setting levels of overvaluations metrics everywhere.
Good Luck this week Bosses, any question as always feel free to reach out or ask in the comments.
Bearsih
Bitcoin not looking perfect to me NOT FINANCIAL ADVICENOT FINANCIAL ADVICE
I am a little sketched out now about some of this.
I got rid of the shizz coins. Took most of the others to the field also
NOT FINANCIAL ADVICE
Just protecting myself from a possible liquidity crunch and dropping the loose change while I can.
NOT FINANCIAL ADVICE
Where else can it go?Price is testing the broken flag support. There is too much bearish pressure for a comeback. It may try go to higher but I think the sellers are just waiting to add to their positions if it happens. I just opened a short position, if it goes up I'll add another short. It may take a few more days to drop when it falls it does it very fast.
AAPL Upward Channel OverextensionAAPL has been leading the market over the past couple of months after running more than 55% from its recent bottom and hitting that mythic $3 trillion dollar market cap.
For the past two months AAPL has been trading within a clear upward channel clearly respecting the top and bottom of the trend. AAPL has been making a series of higher lows and higher highs while making slight pullbacks to key demand levels.
Last week AAPL finally broke up from the wedge pattern on the hourly to finally head up to test the top of the channel trend again. After the gap up and run last week AAPL is starting to look overextended on the hourly while we are also spotting a possible bearish divergence in the RSI forming.
Careful going long on AAPL as so far it is being rejected at this supply zone and we have picked up bearish activity betting on a pullback to $191.50. Risk/reward doesn't favor going long as it is overextended even from EMAs.
Bulls are looking for a break above the channel or $195, target $196.33 or our 0.619 fib extension. Bears are happy as long as AAPL doesn't break above the supply zone and remains below $195.
GOLD Lower Highs FormationPrice went down as exacted in my previous analysis and broke previous lows. We can also see new bearish trendline formation and price is currently testing newly formed resistance 1937. I expect bearish move, but if price breaks it, then I advise you wait for a retest and opportunity to buy.
BTC - Short Term PullbackAnalysis:
- Supply & Demand Zone
Opinion:
Price will return to previous demand zones before pushing up again
Bears will get excited again believing the bear market has continued
Sadly this will only be a short term pullback which will then lead to higher highs
Bulls be prepared with cash ready to go but for now bias should shift to short term short plays
Targets have been identified
01/05/23 Weekly outlookLast weeks high: $30063.8
Last weeks low: $28501.3
Midpoint: $26938.8
BTC starts a new month today. April is usually known as a bullish month for cryptocurrencies in general and although the monthly did close green, the market spent a lot of time chopping sideways inside our new range of 25.2-32.5k. The April candle could be a potential bearish abandoned baby pattern and therefore would see May be a bearish candle that would aim to hit the 23k area
Acceptance above the 32.5k area would be extremely bullish, however having climbed approximately 100% from the January lows, and no signs of new money coming in I'm fearful that that we may have exhausted this rally and need to start again lower down.
USDJPY, DIagnoal Five Wave, 1HRGood afternoon
UJ is looking to be on a bearish trend and currently forming. I posted analysis last week pertaining to this pair being a bull run, it started off strong, but the bears seem to be taking control. No worries, all we have to do is adapt and react off the market conditions
Here is a quick scalp opportunity to get into if you are currently scanning the market for ideas. Currently looking for price to head up to 134.196 to complete wave 5 of the diagonal channel.
If you like this analysis and/or have a similar set up please share, like, and leave a comment.
Bearish for the next 2-3 monthsFeb is closing with a big red candle.
Looks like another 700-800 points fall in this Index is inevitable.
This is going to come down to the support line.
On a daily chart there are gaps at 5330-40 and 5020-30, where the first gap is already filled and waiting for the second gap to be filled.
🔻GOLD | ANALYSIS🔻 1D Time FrameEIGHTCAP:XAUUSD
Hello traders,
• The 38.2% Fibonacci level has offered quite a bit of support, and we formed a nice hammer for the Friday session.
• However, if we break down below the hammer from Friday, it opens up the possibility of a move down to the 200-Day EMA, which is closer to the $1810 level.
• Underneath that, we have the 50% Fibonacci level, which is basically at $1800 and will attract quite a bit of attention.
*Don't forget to fuel up with coffee ladies and gentlemen!
---Please note that these ideas are for informational purposes only and should* be taken as IDEAS. It is important to conduct your own research and make informed decisions before making any trades.---
S&P500 short analysis!!30 min time frame.
used Fibonacci to draw (ABC) correction waves.
this days, US markets are been a lot volatile.
LET ME KEEP MY OPINION OF WHY MARKETS ARE VOLATILE:
SINCE MANY OF THEM THINK THAT US INFLATION HAS REACHED ITS PEAK, AND ON THE FLIP SIDE MANY OTHERS THINK IT YET MORE NEEDS TO TRAVEL UP. this basically is causing a lot of volume in the markets. bulls and bears are acting to there strategy.
ONE TIP: during volatile markets, be on cash, or invest in low risk assets.
be careful, keep having an eye.
trade with your own risk.
V IS ABOUT TO TEST 190 AGAINTicker Symbol: $V
️Timeframe: DAY
️BREAK OF RISING WEDGE AND INSIDE DESCENDING CHANNEL
️Investment Strategy: SHORT
TECHNICAL ANALYSIS:
MONEY MOVEMENT SHIFTING DOWN AND RED DOT: BEARISH
RISING WEDGE BROKEN, MIGHT SEE 190 AGAIN. (BEARISH)
DESCENDING TRIANGLE CHANNEL: BEARISH
Follow for daily stock, crypto and forex technical analysis.
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CHR UPDATE *POSSIBLE TRADE*CHR is still holding its demand zone from past .
This ta is simple, if CHR breaks below demand zone (0.2406) I will be shorting to 0.1377
This is possible only if BTC push it below.
BTC is currently at strong support and if it drops below it, we will see btc at 20k or maybe even 12k.
I wasnt actvie because of 7 days ban, but now am back with more knowledge in trading.
This is not financial advice, i am just sharing my opinion.