I Watched a Trader Print Federal Notes Using the Nasdaq 100...Take a look at the price action and how the daily is used in conjunction with the M1 chart. Solid trading by none other than S.G. Gitty-up! 🤠
Equilibrium
Price Trigger w/ Criteria + Market ReadThis is how I look at price. Maybe some might find value in what I point out. Price is everything!
BTC - Bear Flag Apex - in 3DRange Compression has continued through-out the day as price has yet to escape the gravity of the Bear Flag. A test of the lower bound has resulted in a return to EQ once again. A break of the lower bound has a bear back test on watch.
BTC - Doji Bear Flag ApexIn the middle of the Doji's Range. Equilibrium has found BTC. Testing the Bear Flag Upper Bound.
GBPJPY Accumulation Set up??Looking at the m1, it appears to be a text book Wycoff set up. I don't usually look for this set up, but it looks like it fits the bill. Let's see if we run for the equal highs.
ES1! - EQ in an Additional Dimensionlosing the 5 min MBB, lost the 2 hour MBB - Bond prices and BTC spiking. Red Flags..
Potential breakout structure in the NAS100Good afternoon!
Judging from where we've come from, beliefs are that price could continue a surge to the upside following either today's NYO or tomorrow's.
Should price break out of the supply (then turned demand) zone of approximately 15440.00, we could see the NAS delivery another cracking move (similar again to the one seen on Monday of this week) to approximately 15662.00.
If that is to be the case, a window of opportunity could present itself in the form of a breakout trigger at arond the 15550.00 level or close to at least.
However, should price retest the 15m 200EMA and continue trading through the liquidity zone based at approximately 15290.00, it would ultimately invalidate this bias and we could potentially see a deeper corrective back down to approximately 15160.00.
Lets see what happens.
Institutional corrective could be soon underway...Good afternoon!
We've been closely monitoring the NAS100 in anticipation of the breakout of the institutional liquidity pool sitting up at around the 15400.00 level.
First however, we are expecting a price corrective and retest back inside the demand zone based at approximately 15200.00.
Should this corrective take place and price decreases, it would certainly make for an interesting bull opportunity for a trend continuation idea back up to our opportunite zone of 15400.00.
Personally, we always enjoy showing a real essence of patience in the markets in waiting for price to come back into our ideal price level. Why would we want to have our orders filled at 15320.00 when we could potentially have them filled at 15200.00 instead right?
This is our train of thought throughout all of our trading.
Patience is a virtue!
AUDJPYThese are levels that I'll be keeping an eye on when dealing with Australian Dollar/Japanese Yen, and I'll revise as price action progresses.
I adapt to the change in money flow.
SELL/ SHORT US30With Current Bearish sentiment and news in the markets, I am expecting the Dow Jones to buy to sell this week.
Personally, I have two potential points pf interest in which I have In mind. #1 (YELLOW ARROW) I see that price pushed down to purge buy side liquidity. if we do buy, buy I expect price to rebalance and find equilibrium only to sell and fill the imbalance down at 34171.
#2 (WHITE ARROW) I expect price to open gap down push up to grab liquidity only to sell and fill imbalance at 34171.
My analysis will remain bearish on the over all week. Seasonalities also depict that we have created the yearly high.
BTC - In 3D - 4 hour EQRetesting support at the 2 hour MBB, price is forming a bit of a triangle/rising wedge as compression occurs after Friday's move. Resistance was found via wicks over the 2 hour UBB. A period of digestion after the first move into GP resistance is in order.
USDCAD - Perfect Liquidity Targets LONG-TERM !Long Term targets for USDCAD.
Perfect Equal highs / Lows for the market to target. Both these highs and lows contain lots of liquidity resting in these specific areas as retailers and hedge funds are buying and selling at these levels. Both levels are expected to be reached. and potentially a huge manipulation to take out all uninformed traders.
Look for PD Arrays within this sideways consolidation to trade from and to trade to. Be cautious of Equilibrium as it is the 50% of the range. Below Equilibrium, we're in Discount, above Equilibrium we're in Premium.
So again, trade within the range and long-term targets for USDCAD is the Equal highs and lows of the range.
Good luck.
Bitcoin: Weekly Forecast 25th July 2021Bitcoin managed to push away another attempt to break lower and climbed throughout the week.
There's been statements going around by bitcoin market leaders to support Bitcoin and that they are holding and may buy more again.
Nevertheless, this rebound could still be very temporary as the market is expecting a strong buyback at a much lower price and it probably doesn't make sense to buy now as it is still considerably expensive.
The trend also hasn't change technically with both highs and lows still going lower.
This week, we can probably expect the price to climb a little further but will start to look to sell from 36000 onwards.
If the price does goes a little higher, we expect strong rejection at the demand zone around 39000.
Ultimately, we expect Bitcoin to eventually break below 30000 and move towards 22000 and beyond.
Gold: Weekly Forecast 20210606The gold closed with a bearish weekly candle for the first time in 5 weeks amid a weakening dollar due to a weaker US labour market.
The price was able to find support at the current equilibrium level and recovered quickly before the week ended.
However, it was resisted at 61.8% of the Fibo level based on the most recent bearish wave which could potentially cause another short-term sell.
This week, we could look for a selling opportunity from the current price of 1890 and target 1873 at the beginning.
But going forward, since we are still seeing support from both the equilibrium level and the bottom of the 2-month rising channel, we will continue to buy the pullback as soon as 1883, followed by 1873.
NAS100 expecting a drop from NAS100 and other indices from the yellow zone on. I'll update tomorrow after NFP :)
DIA return to equilibrium?If BTC will turn in the up direction DIA will return quickly to the equilibrium like the pas has shown us.
Good opportunity to buy in.
USD jumps down too fast, it will retrace deepThe price goes down too fast, if you use BB Indicator, it'll show the swollen bands which means it will retrace deep. You can use MA20 or EMA20 or EMA12 as the level to enter the trade.
In the chart, I highlighted the supply area (it was equilibrium), I foresee that the price will be tired and retrace to the area which are many limit orders waiting for the next short.
I put SL above the SR line.
EURUSD Wants to hit 1.198 areaCcontinuing with fiber, it seems likes to seeking price gaps after touching the target:)
Botanix Bullish Channel to Continue?Botanix Pharmaceuticals Ltd (ASX:BOT) is a clinical stage cannabinoid therapeutics company. The company focus is the development of safe and effective topical treatments for serious skin conditions. It has an exclusive license to use a proprietary drug delivery system - Permetrex for direct skin delivery of active pharmaceuticals in all skin diseases. The company's product pipeline includes BTX1503 - Moderate to Severe Acne, BTX1308 - Plaque Psoriasis, BTX1204 - Atopic Dermatitis, and BTX 1701 - Mild Acne.
Since posting my last idea on the 16th JAN, I thought since we are at another critical level to revisit the Idea and look at 3 posible forecasts.
1. Bullish
- Respect Upward Channel
- MACD weak and anticipating Bullish Cross
- RSI Trending Bullish towards the 50.00 Level
- TB Fib Extension level 1.618 aligning with upper band of Channel
NOTE: price will need to see some Strong Volume and Bullish movement to break through the Ichimoku Cloud internal of the channel (could we be so lucky to receive an announcement worthy?)
2. Bullish off Daily Support (EQ)
- If price is to break Uptrend Channel then a fall to Daily Equilibrium (Support) is likely. RSI is still below the Bullish 50.00 and MACD yet to cross Bullish. Price would also have to break through the Bearish ichimoku cloud that is identified. I think that lack of news and investment frustration could see price fall before a potential Double/Triple Bottom.
3. Bearish
- Break of Upward Channel
- Break of Daily Support
- TB Fib Extension Targets aligning with key levels of Support
- RSI would break uptrend
- MACD would spread and continue Bearish
NOTE: If price manages to fall below Daily Support then I would expect opportunistic buying at former levels of support before reversal.
The "boys" holding this down are getting weaker and starting to sweat IMO GLTAH
Disclosure: Held, Sentiment: Buy
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
USDCHF equilibrium and OTE analysisUSDCHF retraced to equilibrium and now will be watching for buy entries around optimal trade entry..
ABNB Over Priced?AIRBNB INC (ABNB:NASDAQ) Soared upon open last Thursday and doubled in price, but the smaller time frames aren't looking so optimistic. Granted if you obtained a position during the IPO you are sitting on a healthy investment currently.
Im looking at price respecting this Pitchfork currently and we have had a bearish close at the end of last week's trading session.
IMO I think it needs to break the 141.58 level which is currently acting as a short term Equilibrium to view this Bullish until we gain some Higher timeframe data.
With a strong break through the Support level @ 141 and then a failed retest I believe this may continue to respect the Pitchfork boundaries and test the .5 Fib level and even the Previous Low @ 135.45
Using the Visible Range tool we can see that there is a battle @ 141 level and im considering that as a short term Supply Level.
Definitely a company to follow on the Nasdaq.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
