Immediate Trading OpportunitiesAustralian Dollar
Starting with the weekly chart, consolidation is evident. On the daily chart, a retest of the previous support within the consolidation. A four-hour chart shows an RSI divergence—a gem for counter-trend traders. The one-hour chart mirrors this setup. Reading trend movements with precise filters is pivotal to distinguishing buying from selling opportunities.
🔍 Weekly Chart Insights 🔍
A Gartley pattern is brewing at 61.67 on the weekly chart—a potential buying level. Transitioning to the daily chart, a retest of the Gartley pattern hints at earning extra income. The RSI divergence adds confidence. Conservative traders should wait for candlestick confirmation before proceeding.
📊 Four Hour Chart Dynamics 📊
An ABCD pattern on the four-hour chart presents a trading opportunity. Prudence calls for awaiting additional confirmation.
🕒 Timing the Trades 🕒
My focus leans towards the four-hour chart. I aim to engage around 9:00 AM Singapore time when candlestick formations provide supplementary confirmation.
AB=CD
Chart vs. HeadlinesLet's debunk some headlines like "The Dollar is Bearish!" and dig into the real chart dynamics. On the weekly chart, a bullish trend is evident, despite a retracement that might seem bearish. Always consider the bigger picture. The recent retracement is a mere blip compared to the overall uptrend.
🔍 Key Levels to Watch 🔍
Zoom out and observe the retest happening on the previous high. Keep a close eye on whether the market breaches 145.24. The next crucial level to watch is 152.02. Chart analysis trumps online articles. Don't just read, define your levels strategically.
💡 Daily Chart Insights 💡
Approaching the previous high on the daily chart, counter-trend traders might eye shorting opportunities. However, wait for candlestick confirmation before executing. Personally, I see a breakout trading opportunity, not an aggressive short.
📊 Four Hour Chart Dynamics 📊
New highs surpassing previous structures on the four-hour chart indicate the bullish trend persists. This trend isn't over. One hour chart mirrors this pattern—a break of prior resistance.
📚 Mastering Market Analysis 📚
If you're passionate about analyzing markets like I am, employing clear rules for buying and selling levels is vital. No guessing games. Scan the QR code for our community channel. Engage with like-minded individuals and refine your skills.
💼 Crafting Trading Strategies 💼
Returning to the weekly chart, counter-traders might spot a shorting setup at 149.28 for a Fib-3 Bat setup. On the daily chart, a crab pattern at 150.39 forms, with a Bat pattern completion at 149.16.
⚙️ Shorting Opportunities ⚙️
For those inclined towards shorting, the ABCD pattern on the four-hour chart sets a stage at 147.80. My focus? Buying opportunities. A pullback to 144.02 holds potential for a buying window.
🔎 Immediate Insights 🔎
On the one-hour chart, a closer level of interest stands at 144.46—a promising buying opportunity within the buy zone.
📈 Navigating Euro-Dollar Trends: Trading Insights 📉Greetings, fellow traders! Let's delve into the Euro-Dollar trends and identify some potential trading opportunities. 🌍💱
📊 Weekly Chart Insights 📊
The bullish trend continues with a notable pullback, keeping our attention on the upswing. The market's pullback has tactfully avoided breaking crucial support at 1.0637. Transitioning to the daily chart, we find ourselves back in the buy zone.
🔍 Spotting Entry Points 🔍
For those eyeing a buying opportunity, a bit of patience might be wise as we await further confirmation before engaging the trade. The four-hour chart showcases an enticing support level at 1.0921, primed for a potential buying entry. Similarly, the one-hour chart hints at a possible pullback setup.
🔎 Charting Trading Prospects 🔎
Weekly Chart: Trend traders might consider a shorting possibility on a retest at 1.1232.
Daily Chart: Watch for confirmation at 1.0913 for a buying opportunity.
Four-Hour Chart: A bearish bat pattern completion at 1.1134 could intrigue shorting enthusiasts. For buyers, a bullish bat setup may require a magic candle confirmation at 1.0883.
One-Hour Chart: An AB=CD movement completion at 1.0914 offers a potential entry point.
📅 Seizing Opportunities 📅
This week presents an array of trading prospects. The key is clarity in your trading intentions. Are you pursuing a trend trade, a counter-trend pullback, or simply capitalizing on setups as they arise? Planning using the A.P.E framework—Analyze, Plan, Execute—can be your compass to success.
🚀 Ready for Trading Success? 🚀
For those keen on utilizing the 15-minute-a-day A.P.E technique to enhance your trading prowess and boost income, don't hesitate to reach out. Elevate your trading game with strategic precision!
Consumer Credit: Harmonically Set Up to Return Down To TrendConsumer Credit has recently risen to over $1 Trillion and this rise happens to align with a 2.618 Fibonacci Extension and the PCZ of a Bearish ABCD. If we view this based on the expectations of Harmonics and Fibonacci, we would expect that this is indeed the top and that we will now begin a retrace back down to trend, which could likely land us between the 50% and 61.8% retrace down at $600–$500 Billion as those retraces line up with the trend line we have formed.
Pirate Chain (ARRR) - Bull Pattern Complete - Further Support?A brilliant Bullish Gartley has played out. Congrats to those who caught that textbook Hammer on the daily chart!
Now the Ichimoku Cloud indicator says some interesting things.
1.) Bullish Lagging Span
2.) Daily and 240 candles closed on the (bullish) conversion
3.) Daily and 240 candles see the same 0.618, very close to the (bullish) conversion
Crypto is crypto, so … you know … protect yourself, but I'm watching ARRR very closely.
** Open source **
** Community driven project **
** Privacy oriented currency **
** Z-to-Z (provably anonymous) ONLY transactions **
** TOR **
** I2P **
Just sayin'
Retested and moving up to $160Daily Chart
On daily timeframe, JP Morgan Chase & Co ( NYSE:JPM ) has broken and retested the support around $144. That means price will go up after retest completed.
I expect JPM can go up to $160 that level very fit with Fibo Extension Tool (1.618 Re)
Wait and see next move
AMZN: Bearish Bat: Anticpating Potential PPO ConfirmationAmazon has gapped up to complete an 88.6% retrace thus completing the BAMM. Now we can see that the PPO is trading outside the upper bounds, and once the PPO comes back down below the upper bounds, it will confirm a Bearish PPO signal at the PCZ of this Bearish Bat, therefore confirming the Bearish Entry. I think it will target $81 from there on, but it could go lower if it ends up being a continuation of a much more bearish ABCD Pattern from years ago.
I think this rally was stirred on by the positive earnings release, but failed to realize how unprepared the guidance was during the actual call, as they hardly provided any guidance for Q3 all they could provide was their hopes but not much beyond that.
ETHUSD: Building Up to a Minimum 66% DeclineEthereum, after having been denied at the local ABCD PCZ, has begun to set itself up to continue its macro move down. All it has to do is break below the $1800 level, and that would be a breakdown of the ascending channel and the weekly 55EMA and 89EMAs. The PPO has already broken below trend and confirmed a lower high and is now working on breaking below the 0 line. The expected target would be the 0.886 retrace, but given the log setups that I've posted in the past, it could go much lower as those log setups are still valid.
EURUSD - Breaking Down Buying Opportunities for the Week AheadHere's a look at the FX:EURUSD & the potential buying opportunities that I have on my radar for the week ahead.
More specifically what I'm looking at is a potential Bat Pattern with multiple points of confluence that can be used as a strictly in & out type of countertrend trade or an entry into a longer-term continuation setup depending on your big picture view.
As always if you have any questions, comments or just want to share you views on the EURUSD please leave them below & please remember to hit that ROCKET SHIP button before you leave to show me some love.
Akil
Sideway Consolidation, Perfect for Counter-Trend Traders!📊 If you're a trader seeking both buying and selling opportunities without worrying about trends, this one's for you! Australia-Canada is in a sideway consolidation, ideal for counter-trend traders who love buying low and selling high. 📉📈
👀 On the daily chart, observe the group of highs and lows. The four-hour chart heads towards previous supports, while the one-hour chart shows a new low, great for shorting.
📈 Weekly potential shark pattern at 0.8704, and daily shark pattern at 0.8728, hint at a close-range longer-term buying opportunity. Don't miss the ABCD pattern on the left—amazing trading opportunities await!
🦋 Butterfly traders watch for completion at 0.8730 on the four-hour chart. Focus on repeated levels for the best returns.
💡Want to spot opportunities like a pro in just 15 mins a day? Scan the QR code and join our community of like-minded traders!
🔍 Different trading strategies point to the same level, making it a key focus for buying opportunities. But don't disregard shorting opportunities—be cautious around 0.8730.
📈 Follow me on my only account @raynlim for insightful analysis and updates. Let's trade smarter together! 💹📈
Linking Time with Price LevelThe relationship between time and price level can be observed through the analysis of price charts and technical indicators. Technical analysis involves the use of charts and indicators to identify patterns and trends in price movements. One important aspect of technical analysis is the identification of support and resistance levels, which can help traders make decisions about when to buy or sell a particular asset.
Technical indicators can also be used to analyze the relationship between price and time. For example, moving averages can be used to identify trends in price movements over a specific period of time. The slope of the moving average can indicate the strength of the trend, while the distance between the price and the moving average can indicate the level of deviation from the trend.
In addition to technical indicators, traders also use fundamental analysis to assess the relationship between time and price level. Fundamental analysis involves the study of economic and financial data to identify factors that can influence the price of an asset. For example, changes in interest rates, inflation, and political events can all have an impact on the price of an asset over time.
To summarize, the relationship between time and price level is complex and multifaceted. Traders use a variety of tools and techniques to analyze this relationship, including technical indicators, charts, and fundamental analysis. By understanding the relationship between time and price level, traders can make more informed decisions about when to buy or sell a particular asset.
Regarding the development of price ratios, the expected price level and the expected price movement for the wave can be determined by analyzing technical indicators such as Relative Strength Index (RSI) and Price Oscillator. The RSI can be used to identify the overbought and oversold conditions of an asset, while the Price Oscillator can indicate the strength of the trend. By analyzing these indicators, traders can develop price ratios and make informed decisions about when to enter or exit a trade.
Finally, it's important to note that the relationship between price and time is not always straightforward. While technical analysis and fundamental analysis can provide valuable insights, they are not foolproof. Traders need to be aware of the limitations of these tools and use them in conjunction with other forms of analysis and risk management strategies.
META: Potential Early Bearish C Entry on ABCD PatternMETA is showing heavy amounts of MACD Hidden Bearish Divergence and is Extremely Overbought on the PPO after making a 0.786 Fibonacci Retrace of the 2021 Highs and now it is potentially looking to end the BC Wave and begin a CD Wave, which would take it all the way down to the 1.272 Fibonacci Extension located at the $23.56 level.
ETH - Still chasing 2200 area.. COINBASE:ETHUSD Is tracking nicely and after last weeks spike high into the 78% level.
In this video I go into detail about possible options on the short term and longer TFs, areas to watch and other possible scenarios.
I hope you enjoy and post feedback and thoughts.
NASDAQ - Levels to Watch!!SKILLING:NASDAQ is starting to look nice with some levels to watch in the coming weeks. Tech has had a big run off lows this year after getting beaten down last year.
Bullish Scenario sees an ABCD down to the 12k area then the next leg up.
There are still unfinished patterns down below 10k to complete but it can go higher first.
On a shorter TF look for an ABCD PB to get short.
I hope this helps. Enjoy the Day!!