NQ Power Range Report with FIB Ext - 12/4/2023 SessionCME_MINI:NQZ2023
- PR High: 16027.00
- PR Low: 15988.25
- NZ Spread: 86.75
No key economic events
Maintaining range from prev week
Evening Stats (As of 12:25 AM)
- Weekend Gap: -0.05% (open > 16030)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 202.96
- Volume: 29K
- Open Int: 278K
- Trend Grade: Neutral
- From ATH: -4.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15247
- Mid: 14675
- Short: 13531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Volatility
Risk Reward Ratio 2% $2,162Equal highs took place, next move is RRR 2%. ATR reads are location value zones. ETH on its way to break through the Grizzly OB. RRR is ATR calculated united with ATR cluster.
No reason to panic on a downtrend. Stick to Risk Reward Ratio.
Moving forward, can’t get any worse than the two ATR readings unless Forex decides to dip to sweep new liquidity beneath the trend but first RRR must get completed.
ETH ATR Pips is 14.09 but when calculating the percentage RRR, I used a set price with my custom ATR calculation.
Even working at this for sometime. Enjoy Mates
Investors run towards disaster -- Lumen is a complete disaster.Lumen *could* be a possible risky bet with a rise in interest rates. A LOT of the risk has been priced out with a complete COLLAPSE of the price. They have a lot of debt, not as much as other companies. What are we buying here? Telecom infrastructure and computing edge technology (google it). Which is physical telephone poles in the good ole' US of A. They are a subcompany of AT&T and the old Bell System (I don't want to use the term 'subsidy' because that's not accurate More Info Here ), which is one of the largest telecom companies in the US -- likely NOT to go under....ever.
We all know what the Fed is likely to do -- the dollars tomorrow will be worth less than today's. However, serious investors understand that they should run towards a disaster instead of hiding -- Lumen could be that disaster, at least in the short term as the chart indicates.
This is a long term play, not a short one. Let's assume the all time high would be challenged, that's almost a 25x from here! It's not going to happy ANY TIME soon, nor should you make the assumption that it will happen. What do we know? That it's a GREAT buying opportunity right now for the long term. We are talking at least 2030 - 2035 timeframe -- at a MINIMUM!
NQ Power Range Report with FIB Ext - 12/1/2023 SessionCME_MINI:NQZ2023
- PR High: 15966.75
- PR Low: 15950.00
- NZ Spread: 37.25
Key economic events
10:00 | ISM Manufacturing PMI
- ISM Manufacturing Prices
11:00 | Fed Chair Powell Speaks
Maintaining weekly range
- Failed to hold inventory below 15830 zone
- Vol spike expected for Powell
Evening Stats (As of 2:55 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 202.13
- Volume: 26K
- Open Int: 281K
- Trend Grade: Neutral
- From ATH: -5.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15247
- Mid: 14675
- Short: 13531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Gold's in the door of Breakout or Fakeout 🧈 EMA Analytics w/ AID ear Esteemed Traders,
G old has maintained an upward trend since breaking above the 20-period EMA on October 6. This breakout coincided with a rebound from the blue support zone at the bottom. The duration of the current bullish trend is comparable to the length of the preceding bearish trend that occurred when XAU lost the upper blue support and dropped to the lower support. Refer to the ranges indicated by the white arrows. The key question now is whether gold will regain the upper support it lost on May 16. The breakout from the EMA 20/50/100/200 levels remains intact, signifying a bullish signal. Although gold experienced a retracement upon reaching the upper blue zone on October 27, it has not retreated significantly, instead consolidating and eventually finding its way back to the zone. Monitoring gold's price around this zone could present a potential breakout trading opportunity. If gold maintains the upper blue zone and reestablishes itself as support, the price could propel from this new support level to reach higher highs as depicted by the possible breakout scenario, indicated by the dotted white arrow. Conversely, if gold attempts a breakout but fails, the price could fall below the support again, potentially followed by further retracements as illustrated by the other dotted white arrow.
It's not an investment advice. The chart my generative AI's result and reflects only my opinion about the market. Do your research because the responsibility is in your hands. Not historic achivements, nor AI can guarantee future prices.
Kind Regards,
Ely
NQ Power Range Report with FIB Ext - 11/30/2023 SessionCME_MINI:NQZ2023
- PR High: 16050.25
- PR Low: 16037.00
- NZ Spread: 29.75
Key economic events
08:30 | Core PCE Price Index (x2)
- Initial Jobless Claims
10:00 | Pending Home Sales
Another day of virtually no change
- Maintaining weekly range
- Failed breakout attempt above 16180 supply zone
Evening Stats (As of 1:55 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 200.87
- Volume: 28K
- Open Int: 280K
- Trend Grade: Neutral
- From ATH: -4.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15247
- Mid: 14675
- Short: 13531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
India VIX seems UP-trendingNifty nearing all-time-high, and India VIX is rising too!
VIX>13 and up-trending.
In Feb 2023 we saw India VIX climbing up to 18. Purely because of National Event - Budget.
This time we have even more sensational National Event - Elections!
Will it breach 2023 high?
All the best Option Sellers. The dance of Volatility starts!
NQ Power Range Report with FIB Ext - 11/29/2023 SessionCME_MINI:NQZ2023
- PR High: 16057.75
- PR Low: 16040.50
- NZ Spread: 38.75
Key economic events
08:30 | GDP
10:30 | Crude Oil Inventories
Maintaining weekly range
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 203.10
- Volume: 27K
- Open Int: 287K
- Trend Grade: Neutral
- From ATH: -4.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15247
- Mid: 14675
- Short: 13531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Long TLRY | Potential double bottom pattern formationI was short TLRY at the beginning of the year, I am now long TLRY as it continues consolidating around 1.67. Good volume accumulation as a function of time and strong volume accumulation as a function of price. RSI looks good, fundamentalists would say good things about it but i am focused on price.
Big Short on NATGAS Am I Crazy?Gooood morning guys,
As always I keep things brief and simple
Short on CAPITALCOM:NATURALGAS actual price 3.50$
FIRST TARGET --> 3.00$
SECOND TARGET --> 2.75$
Why?
- Stocks are full in Europe
- Seasonality, Autumun season boosts in the beginning of October stabilizes till mid of it and crashes in the end of the month. I'm just following the cycle.
What could go wrong?
- Israel events happened and we still have to see the effects with other exporters arab countries I don't think that something is going to happen as the '73 crisis (I don't have a sphere to predict the future)
- The stocks are not full in the US
- Thyphoons in the US
- Unexpected decrease in temperature
- Seasonality not respected and sudden big speculation on the price of NATGAS
With that being said I just share my opinion here and I repeat don't have a magic sphere nor I'm god so future is always unpredictable I just adapt to change and keep up to date.
oh and yeah TradingView already says that but I'm going to say it again I AM JUST SHARING MY IDEAS NOT FINANCIAL ADVICES HERE
Peace out
NQ Power Range Report with FIB Ext - 11/28/2023 SessionCME_MINI:NQZ2023
- PR High: 16012.25
- PR Low: 16002.00
- NZ Spread: 22.75
Key Economic Event
10:00 | CB Consumer Confidence
Holding same levels as prev session
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 208.13
- Volume: 20K
- Open Int: 284K
- Trend Grade: Neutral
- From ATH: -4.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15247
- Mid: 14675
- Short: 13531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BTC Will Go Sideways Until August 8th 2024, Then Up!!There will be a high of 48,000.
A possible test of the local low at 16,000.
Volatility will significantly drop for 100 days before August 8th.
Bitcoin will go on a new bullrun after that period.
Please Check the 11/27/2023 Livestream in my profile for in depth details.
Bye!
NQ Power Range Report with FIB Ext - 11/27/2023 SessionCME_MINI:NQZ2023
- PR High: 16010.00
- PR Low: 15982.75
- NZ Spread: 60.75
Key economic calendar events
08:00 | Building Permits
10:00 | New Home Sales
Still hovering above last weeks low
- Key inventory zone around 15830
Evening Stats (As of 12:25 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 216.43
- Volume: 30K
- Open Int: 278K
- Trend Grade: Neutral
- From ATH: -5.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15247
- Mid: 14675
- Short: 13531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
LINK contraction , bullishLINK is contracting huge on the price action as well as RSI. Volatility is slowing to a standstill and volume has dropped heavily. The 20 and 50 ema are riding right on each other. Combine all of these facts and what does this generally mean? Buyers and sellers are more and more unsure about placing limit orders further out from the current price. The volatility can only expand from here, these consolidations usually resolve in a big move. Since the longer term trend is your friend, I favor a bullish move here attempting the huge resistances I shared on the long-term chart. We are also seeing a potential end to a reverse head and shoulders here. The dashed greens are the historical resistances before the price action is way off to the races, 20 $. I am long.
VIX Spike - BIG Crash PendingThe VIX will spike again, nothing to do about it.
Fundamentally, a perfect storm is brewing.
We had/have many events in the markets:
- Covid Pandemic
- Supply Chain Disrupted
- Ukraine Invasion
- Russia Sanctions
- Inflation Spike
- Energy Crisis
- Global Drought
- Interest Rates Hikes
What's next, a full-blown WAR?
The ADX DeFi (Definace of the ADX)The ADX indicator has always been a eye sore for me. I thought it was time to clean it up a bit. While its been around for a long time, it never really seems to get better. The new releases I keep seeing are just more lines and more zigzags etc.
So this is my take on the ADX which I call "The ADX DeFi (Adx Defiance)"
I dont want to know that the momentum is almost there or just about bla bla. I want to know either there IS or IS NOT what I need and why.
Decent growth on the short and long positions.With the technical showing a strong buy, this looks like a tech stock that shouldn't be overlooked. With data cloud client sentiment, and the dynamic of competitive businesses, this looks to be a good long-term growth. Be sure to keep your eye on financial balance sheet.
NQ Power Range Report with FIB Ext - 11/22/2023 SessionCME_MINI:NQZ2023
- PR High: 15970.00
- PR Low: 15942.50
- NZ Spread: 61.5
Key economic events
08:30 – Core Durable Goods Orders
- Initial Jobless Claims
10:30 – Crude Oil Inventories
14:00 – FOMC Meeting Minutes
Last full trading day of the week
- Market closed tomorrow for Thanksgiving
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 223.43
- Volume: 21K
- Open Int: 279K
- Trend Grade: Neutral
- From ATH: -5.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15247
- Mid: 14675
- Short: 13531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 11/21/2023 SessionCME_MINI:NQZ2023
- PR High: 16102.25
- PR Low: 16082.50
- NZ Spread: 44.25
Key economic events
10:00 – Existing Home Sales
14:00 – FOMC Meeting Minutes
19:30 – FOMC Meeting Minutes
Continuation of supply lift since Oct 27
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 225.23
- Volume: 24K
- Open Int: 283K
- Trend Grade: Neutral
- From ATH: -4.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15247
- Mid: 14675
- Short: 13531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Brazil ETF Could Be Breaking OutThe iShares MSCI Brazil ETF has squeezed into a tight range since the coronavirus pandemic, but now it could be nearing a breakout.
Today’s chart uses two-week candles to display the price action since 2016.
First consider the falling trendline since December 2019, along the highs of 2021, 2022 and earlier this year. EWZ jumped above the line last week after cooler-than-expected inflation sank the U.S. dollar. Traders may watch to see whether EWZ can hold these levels or add to the gains.
Second is the gradually rising trendline since 2016. Notice how the ETF made a higher low at the end of September above the support. That may reflect an accelerating uptrend.
Third, prices bounced around $25 in July 2022 and March 2023. That double bottom may confirm the presence of lurking buyers.
Fourth, the recent price compression (highlighted by Bollinger Bandwidth) may give way to price expansion .
Finally, investors could focus on valuations and the macro environment as the New Year approaches. EWZ trades for less than half the P/E ratio of the S&P 500. Investors may also see opportunities in global assets if the Federal Reserve is done hiking rates and the U.S. dollar continues to weaken.
Standardized Performances for ETF mentioned above:
iShares MSCI Brazil ETF (EWZ):
1-year: -8.88%
5-years: -25.85%
10-years: -40.65%
(As of Oct. 31, 2023)
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NQ Power Range Report with FIB Ext - 11/20/2023 SessionCME_MINI:NQZ2023
- PR High: 15903.75
- PR Low: 15848.00
- NZ Spread: 125.0
No significant economic events
- Heavy FOMC week Tue and Wed
Strong volatile open to start the week
- Wide NZ spread
- Maintaining lows from prev Thu & Fri
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 223.52
- Volume: 26K
- Open Int: 279K
- Trend Grade: Neutral
- From ATH: -5.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15247
- Mid: 14675
- Short: 13531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Vale contracting monthly volatilityVale is a play I have been thinking about adding as I have sold my BHP holdings for other opportunities. The stock provides a strong dividend, international and metals (mostly iron) exposure. The company is a high cash flow company and does fluctuate with the iron markets for the most part. Iron is a lot different than gold and silver, and is showing an uptrend on the monthly time frame.
Chart wise we see contracting volatility, a retake of the .382 fib level and I am eying a retest of the .5. RSI shows a very similar structure to price action which confirms contraction. The stock sits right at the center of the Bollinger bands. If you look at the blue line on volume which is an SMA, you will notice a growing uptick. Investors are flocking to quality and value these days with many overheated technology and non-profitable stocks reaching obnoxious PE ratios and valuations. A search for a yield that overtakes the short-term treasury but has limited downside is what many larger funds are looking for, I believe Vale is one of those opporunities, much like my large Verizon bet ~ 30$.