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Weeklyforecast

LITUSDT is ranging between weekly structuresLITUSDT is ranging between weekly structures and the price is creating a very nice triangle. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
1
Bitcoin. Explosive move ahead? Hello Everyone, Bitcoin is starting to look more promising as my previous analysis have shown some weakness with price action and waning selling momentum. If we close above $60,000 this week, I do believe we will continue higher. Here are my technicals: 1. Weekly volume is starting to increase as price increases. This is confident bullish price action. 2. $60,000 held as a support line on our daily and it appears to be mostly wick which implies a buy-up or accumulation. 3. Weekly RSI has some room to grow before we hit the top of the trendline. 4. Daily Inverted Head and shoulders is very clear with the several closes above the $60,000 neckline. So I would like to see some things happen before we end this week. Obviously the most important would be holding the $60,000 support line. I believe closing above this once massive resistance, will provide a major support area in which accumulation will occur. I also would like to see any small drops near $60,000 be bought quickly with volume. This indicates investor interest and more accumulation. My targets are anywhere between $68,000 to $78,000 it just depends on what my indicators and gut are telling me. As always, manage your risk, be patient, and good luck trading.
COINBASE:BTCUSDLong
by RomanXIV
SPX's weekly update. 2ed week of April 2021- P/E : @ 40 .93 .Third highest reading since "1875"!!! Tops land. " Usually bottom of crashes not tops". - SPX's Dividend Yield: @ 1.45 Possible target is 1.10 2000's bottom !!! US10Y @ 1.666 historically 10y note underperforming SPX in April & it has a sideway movements in April as well. - Insiders: 6 Sell, 2 Buy. No up date on the website, still April 1st reading !!! - Seasonality: April is the best month of the past 20 years & 2ed past 10Y. Max 12.5% Min (-6.1%) with Q2 of post presidential election, since 1950, gain of 5% (already 3.5 % in the firs 10 days LoL !!! - Deviation : Daily - @15.37 % (80 % single pullback) weekly - @39.06% (76% single pullback) and at the edge of a 54% double digits pullback. - Candles Auto recognition : White Marubozu 84 % bullish move NEXT. Nothing 7 months for monthly. - Putt/Call composite @.600 Vs. .597Vs. last week = Still holding Higher Highs/Higher low. Kind of bouncing from 50d MA. Golden Cross looming -Total Option Volume: 478329 Vs. 378667 big increase 25% up from last week. - VIX : In our safe green zone, we hit 16.69 Vs. 17. 40 last week Lowest seen # since last years crash + Closed 2020's "GAP" - VWAP: @ 58.30 = No man's land, closer to up swing.. - DIX : 44% No man's land closer to a bottom or up swing. - GEX : @ 22,999,000,000. 55% tops land, 35 % up swing 10% false signal. (HIGHEST READING IN 2Y) - SPX : Above averages . We are getting 3 of them in the 90s very rare bullishness move here. !!!! - NYSE: Above average nothing to mention. -------------------------------------------------------------------------- Key for this week : 1/ Bullish Barubozu Candle 84% success rate. 2/ Higher Deviation = Higher probability of a pullback. 3/ GEX is the highest in 2 years !!!
SP:SPX
by samitrading
XAUUSD - Price Forecast UpdateHello everyone, XAUUSD fell into the 1720-1670 zone last week as outlined in the previous quarter (see linked ideas). This week's price action has seen gold enter the 1670s briefly before retracing back to current levels. We're expecting price to keep below the 1760 level and fall back into the marked zone. Over the course of the month, we could potentially see some sideways action patterning a sequence of HH and HL below the 1780-1800 price level. That would be a good indicator for gold to resume the longer term upward trend soon. There is the possibility that price moves deeper below 1670, if that scenario occurs then 1640 is your immediate level of support. Will assess in further detail should that occur. Who's Elliott? The primary wave count is still the same. What we have seen in recent weeks is the potential completion of Wave C. The starting formation of a lesser degree correctional structure will confirm this. More on that once it becomes clearer. Once again, staying aware of some of the possibilities. Let’s see how it plays out throughout the rest of the week. Follow for further updates. Your 'likes' are much appreciated and your comments are most welcomed. Thank you for taking the time. Trade Safe! Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own research and analysis before making any investment decisions. Do not trade or speculate based on the information provided in this idea. Trust your own analysis. Beyond Edge
OANDA:XAUUSD
by BeyondEdge
SPX's weekly update first week of April. Historically A+ month. - P/E : @ 40.93 .Third highest reading since "1875"!!! Tops land. " Usually bottom of crashes not tops". - SPX's Dividend Yield: @ 1.45 Possible target is 1.10 2000's bottom !!! US10Y @ 1.672 " Exactly like last " - Insiders: 6 Sell, 2 Buy. Selling is down from 137. No activity here what so ever. Are they waiting !!! - Seasonality: April is the best month of the past 20 years & 2ed past 10Y. Max 12.5% Min (-6.1%) - Deviation : Daily - @13% (64% single pullback) weekly - @35% (76% single pullback) - Candles Auto recognition : Nothing found 4 weeks in a row weekly, 7 months in a row for monthly. - Putt/Call composite @.597 Vs. .764 Vs. last week = Less puts bought last week than the weeks before. Still holding Higher Highs/Higher low. Kind of bouncing from 50d MA. Golden Cross looming -Total Option Volume: 378667 Vs 295309 big increase 30% up from last week. - VIX : In our safe green zone, we hit 17.40 Lowest seen # since last years crash + Closed 2020's "GAP" - VWAP: @ 65 = No man's land, closer to up swing.. - DIX : 40 No man's land. - GEX : @ 5,857,000,000 "No man's land". - SPX : Above averages . They had us going last week the break down of 50d MA. Was a Bottom !!!! - NYSE: Above average nothing to mention. www.tradingview.com
SP:SPX
by samitrading
1
SPX's Weekly update "Last week of March"/"Flash signal popping "- P/E : @39.73 Tops land " Usually bottom of crashes not tops" - SPX's Dividend Yield: @ 1.49 Possible target is 1.10 2000's bottom !!! US10Y @ 1.672 " a bit lower " - Insiders: 113 Sell, 43 Buy. Selling is down from 179, nothing of significant here. " Both look come" - Seasonality: April is the best month of the past 20 years & 2ed past 10Y. Max 12.5% Min (-6.1%) - Deviation : Daily - @12.52 (64% single pullback) weekly - @34.79 (76% single pullback) - Candles Auto recognition : Nothing found three weeks in a row. - Putt/Call composite @.764 Vs. .66 last week = More puts bought last week than the weeks before. Higher Highs/Higher low Golden Cross coming soon every day passes it becomes closer = Pullback. -Total Option Volume: 295309 big drop of 25 % from 400476 - VIX : In our safe green zone, we hit 18.68 Lowest seen # since last years crash=No volatility @ all!!! - VWAP: @ 69.99 = 78% @ a bottom or up swing.. - DIX : 43.6 No man's land. - GEX : @ 1,800,000,000 "No man's land". - SPX : Above 50D MA average . *****FLASH SIGNAL OF A PROBABLE BIG PULLBACK.******** STAY NIMBLE COMING TWO WEEKS !!!! - NYSE: Above average nothing to mention. ----------------------------------------------------------------------------------------------------------------------------
TVC:SPX
by samitrading
4
EURUSD Bearish FlagEURUSD has consolidated for the past 2 weeks amid a strengthening dollar. Throughout the consolidation, constant rejections near 1.20 psychological level were seen even as the lows were getting higher. It then led to stronger selling pressure in the last 2 trading days and the low was finally lower this time. A bearish flag was then formed as a result and we can continue to sell. This week, we expect EURUSD to reach 1.18 and then beyond 1.17 in the next 2 weeks.
Short
by AlgoVenture
2
Dollar Gain Bullish MomentumThe dollar fell into a consolidation after hitting at 4-month high at 92.5. However, it was able to find constant support at the demand zone at around 91.4 amid a rising treasury yield which sparks demand for safe-haven assets. Last week, the Fed has reiterated its commitment to keep interest rate low for a prolonged period of time until employment market and inflation reach stability. The Fed is not worried about a surge in inflation even as rising yield prompted a risk of high inflation. Therefore, treasury yield continued to rise after FOMC and dollar gain new bullish momentum. This week, we plan to long the dollar as we expect the dollar to continue to break new 2021 high in the coming weeks. We expect the dollar to retest its previous high at 92.5, and probably climb beyond 93 in the next 2 weeks.
TVC:DXYLong
by AlgoVenture
Dollar Supported at NecklineThe dollar pulled back from a 3-month high and found support at neckline 91.44 after erasing the week's gain. The dollar was under pressure as the US bond yield rally halted. However, the pullback was shallow and it soon returned to 1.6% and a little breakthrough took place before the market closed. Therefore, the dollar may continue to climb on technical support together with a persistently rising yield. This week, we can continue to buy the dollar around 91.5 demand zone, targeting the supply zone above 93.
TVC:DXYLong
by AlgoVenture
GOLD Short with 3 Confluences (Zero Indicators)Confluence: 1. Weekly Chart Trendline breakout. 2. Price is trending bearish with lower highs and new Lows being created. 3: Key low has been broken in the region of 1787 and 1765. Entry: We will be waiting for a lower high to get formed before looking for any entries on Gold. We are expecting some dollar weakness into the start of this week. With that being said, we are expecting a pull back before we see price settle towards the end of the week and then we should see a push to the downside. This will as well give us time to reassess the risk reward of the trade and to determine whether or not the setup is still valid.
OANDA:XAUUSDShort
by NDOBObanks
4
Has Dow Jones PeakIf we just based on this technical chart, I think we do have a case of a very overbought stock market. Dow Jones was seen rejected at the peak of a 3-year expanding triangle and, at the same time, the peak of a 12-month rising wedge. This phenomenon is very similar to last year's mid-February where the market peaked technically and plunged amid the coronavirus outbreak. So fundamentally, we are still missing a catalyst like this pandemic and since the government is not going to stop printing money any sooner, we probably won't see another crash like last year. However, a sharp pullback can still be expected as many investors might want to liquidate some positions at this point. Therefore, this week we will give it a try to short when the price climbs a little higher and reach 31900.
FX:US30Short
by AlgoVenture