NAS100 TECHNICAL ANALYSISMy POI is the level 16017.4, is the level where I will be more interested in buying NASDAQ, and I will be more focused on how the market will react.
Note :that the market is in a range in higher timeframe like H4.
Rectangle
EURGBP - will the bears win?EURGBP sell - Strong sell on technical indicators. Breakthrough of a rectangular continuation pattern. TP set up using trend based Fib Extension @ 0.618 level. Will use 15m TF for entry.
licwooo
stock at best level to add
volume, helping stock move up
market is bullish, so may get stock help
quantity must be maintained and accumulate at dip
no recognition for buy and sell
Canara bank - Consolidation breakout and retraceCanara bank is giving a positive sign in a storm before silent manner. Forming a inside bar with consolidation breakout and retrace.
PS: Little risk trade
Entry - 336.7
Target - 430.5
Stoploss - 285.5
US30US30 trading in a range and I will be waiting for a breakout for both sides of the rectangle pattern which is now in play.
CRUDE OIL (WTI) Bearish Trend Continues 🛢️
Crude Oil dropped yesterday, as I predicted.
In fact, the market is trading in a bearish trend on a daily.
A breakout of a horizontal support of a wide horizontal range
was a strong trend following signal.
The next support that I see on a daily is 67.5.
It will most likely be the next goal for the sellers.
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NAS100 TECHNICAL ANALYSIS Today is NFP and anything can happen, but according to my analytics that am using, which is universal to everyone, PRICE , PRICE MOVEMENTS , I would like to see a pullback to a Fib level 61.8 which perfectly fit with the previous resistance which is about to turn into Support if the level Holds.
If not then I will be buying at the support level, why? Because the Index have 2 weeks in range, no clear move, and will apply the simple approach or rule of thumb which say's "BUY LOW & SELL HIGH", in this in case, according to my understanding when the price is at support, with the right tools one always have a chance to buy.
GBPCHF: Important Breakout 🇬🇧🇨🇭
GBPCHF broke and closed below a support of a wide horizontal range on a daily.
To me, it is an important sign of strength of the sellers.
We may expect a bearish movement at least to 1.094
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NZDUSD: Classic Range Trading 🇳🇿🇺🇸
NZDUSD is trading within a wide intraday horizontal range.
After the test of its support, the price bounced and violated a resistance line
of a falling wedge pattern.
To me, it is an important bullish signal.
We may expect a bullish movement to the resistance of the range now.
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NAS100 TECHNICAL FORECASTHere I explain my forecast for Nas100,:
For short position I will be looking for break of the support and a clear retest and find entry, and my target for short position will be 15560.0 level.
For Long position , I am more interested on how market will react on the current support level, taking into consideration momentum, price action patterns and rejections I will be looking to buy the market at the support, using the basic law of trading which says " buy low and sell High" right now we are low at the support leve1.
CRUDE OIL (WTI) Bearish Trend Continues 🛢️
Crude oil is trading in a bearish trend on a daily.
After a long-lasting consolidation within a horizontal range,
the market violated its support on a daily and set a new lower low.
Retesting the broken structure, the market started to coil within an intraday range.
Its support breakout gives us a strong intraday confirmation.
A bearish movement is now expected at least to 70.7
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AUDUSD SHORT MOVEMENT Here is what am looking forward for AUDUSD,
For Short position , I will wait for price to break 0.65500 key level and wait for a clear re-test and sell until 0.65300
For Long position , I will wait for price to break 0.66000 key level and wait for a clear re-test with some confirmation and buy until 0.66200.
SHYAMMETLStock has given a range breakout with good volumes. Wait for a pullback for entry
Note- Trade as per your analysis
AUDCAD: Important Breakout!↪️AUDCAD was consolidating for 14 days in a broad flat trading range on a 4-hour chart within an ascending channel pattern.
The price has ultimately breached and concluded below the support of the range this week.
I think that the pair might decline now...👍✅️
Bitcoin (BTC) headed to 44k followed by 32k then back up againFair value gap suggest we have some strong liquidity magnets up above us at the 44k area.
I see no reason why those cannot be easily filled given the momentum we have.
Following that, I anticipate a violent shakeout back down to the 50% retracement of the the weekly fvg (cyan) at 32k before resuming course for new all time highs by or on May 2024.
One interesting thing to note is that there have been 2 major weekly FVGs since the pico bottom on Nov 2022 and they have both held extremely well and gave people a very high probability setup to enter long.
We will get another entry on the bull FVGs coming up.
Xauusd(BULLS)Xauusd ranges 450pips+ within 1470days
Of which mitigations occur in the higher highs ... to lure in the movement across to the 2200's .. the Next expectancy of the market's movement is to give a retest on a weekly breakout within the few days remaining for the last quarter of the year .on the other way round 435 point in price more rally is foresighted according to REFINED FUNDAMENTAL ANALYSIS
GOLD (XAUUSD): Technical Outlook & Important Decision Ahead 🥇
Here is my detailed analysis for Gold.
As you can see, the market is trading in a strong bullish trend.
The price is steadily growing within a rising parallel channel.
After the price reached its resistance, it started to consolidate within
a narrow horizontal range on a 4H.
We are expecting a PMI report and Powell speech later on today.
Depending on the news, I see 2 potential scenarios.
Bullish scenario.
Bullish breakout of the resistance of the range - 4H candle close above
may signify the strength of the buyers.
A bullish continuation will be anticipated to 2060 then.
Bearish scenario.
The price may respect the resistance of the range and drop from that,
extending the consolidation. Monitor the reaction of the price to that,
and wait for a bearish pattern to sell.
I would suggest strictly waiting for the news first.
I will post the update then.
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CRUDE OIL (WTI): Consolidation & Complete Indecision 🛢️
WTI Crude Oil is consolidating within a range on a daily since the beginning of November.
Depending on the reaction of the price to its boundaries, I see 2 potential scenarios.
Bullish Scenario
If the price breaks and closes above 80.85 - the upper boundary of the range,
I will anticipate a growth to 82.50.
Bearish Scenario
In case of a breakout of 72.20 support, we may anticipate a bearish movement
to 87.35 level.
Wait for a breakout, that will give you a strong bullish or bearish confirmation.
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VET's Manipulative Chart: Spotting Liquidity Sweeps for Profit!Today, let's unravel the intriguing dance of VeChain (VET), a coin that consistently orchestrates a substantial pump following a liquidity sweep. It's time to decode the manipulative ballet and learn how to use these maneuvers to our advantage! 🩰📈
VET's Manipulative Symphony:
Observing the Pattern:
Ritual: VET engages in a dance of liquidity sweeps, luring unsuspecting traders into its intricate moves.
Purpose: Each sweep creates a spectacle, shaking up the market and setting the stage for the next act.
Mastering the Sweep and Return:
Tactic: VET's modus operandi involves a sweep, swiftly grabbing liquidity, followed by an equally swift return to the prevailing trend.
Opportunity: Savvy traders can capitalize on this pattern by strategically entering the market after the liquidity has been snagged and the price retraces.
Navigating the VET Dance Floor:
Identification of Liquidity Clusters:
Key Skill: The ability to spot clusters of liquidity is paramount. These areas often become the focal points for VET's dance.
Timing the Entry:
Strategic Move: Enter the market after the liquidity sweep and subsequent retracement, aligning with the prevailing trend.
Caution: Beware of false signals; confirm the upward momentum post-sweep for a more secure entry.
The VET Advantage:
Consistent Performance:
VET's ability to consistently execute this manipulative ballet provides traders with recurring opportunities for profitable engagements.
Educational Reminder:
VET serves as a reminder that not all market moves are organic; understanding and adapting to manipulative strategies can be a valuable skill.
Conclusion:
VET's manipulative ballet is a spectacle worth studying for traders seeking an edge in the crypto market. By identifying liquidity sweeps and entering strategically, you can dance along with VET and turn its orchestrated moves into profitable performances.
May your trades be as graceful as VET's dance on the crypto stage!
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
Lemonade (LMND) is consolidating - Breakout can be explosiveLemonade in an insurance company that has a good global reach. It was a popular stock couple of years back but now it has lost some of its lust.
Currently, its consolidating around 13.85 and 17.70 range.
One to add to the watchlist, as a daily break or weekly break with 10 day and 20 day moving average behind it can be good momentum.
Bullish Rectangle?!I feel this is a bullish rectangle due to down trend followed by a side ways consolidation? any thoughts?!
Tesla Gaining MomentumTesla has broken out that rectangle after the initial 10% move and today retested.
Stops can be placed below the rectangle and we can see a move towards 290 in no time.
If that happens, will update the analysis because longer term Tesla chart is looking extremely bullish.
Fundamental Key Takeaway:
Tesla is undercutting the competition and new entrants like Lucid, Rivian and Fisker are feeling the pinch. Model 2 will be another source of huge revenue down the line.
