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XAGUSD. Trading opportunity Hello traders and investors! I reviewed the assets and highlighted silver as an interesting opportunity for trades next week. For example, in gold, on the daily timeframe, the price has broken out of a range, and it’s hard to predict how far it will go. In silver, the targets are clearer. Weekly Timeframe On the weekly timeframe, there’s a bullish trend. The last upward impulse started from the 17.559 level. The most recent sub-impulse within that impulse began at the 26.0185 level. At the end of the impulse, a seller's zone formed after the seller absorbed a buyer's candle with growing volume, which has already been tested by the buyer—the test level is 29.2285 (seller's zone marked by a red rectangle on the chart). The seller's candle at the test level had the highest volume in a year, but the result was just a shadow: the body of the candle couldn’t close below the shadow of the previous candle. The latest weekly candle, with falling volume, absorbed the seller’s candle. This indicates that although the seller tried to resume the downward movement from their zone, they have been unsuccessful so far. Daily Timeframe On the daily timeframe, the price has formed a range that began in April. The upper boundary is 32.5185, and the lower boundary is 26.0185. The seller’s 7-8 impulse has played out, and now the buyer's 8-9 impulse is active, with a potential target of 31.755. A buyer's zone has formed at the base of the new 8-9 buyer’s impulse after the buyer absorbed the seller's candle from August 5th, which had growing volume (buyer’s zone marked by a blue rectangle on the chart). Note the volume of the seller’s candle from August 5th—it’s the highest in several months. Thus, on both the weekly and daily timeframes, the priority is on buying . There are obstacles on the buyer's path that need to be monitored. The first obstacle is the start of the last sub-impulse in the seller's 7-8 impulse (29.2285), and the second obstacle is the previous weekly high (30.1365), where a seller's zone has also formed. Buying Strategy For trade setups, you could consider the 4-hour timeframe. On this timeframe, the price has formed a range with an upper boundary of 29.2285 and a lower boundary of 26.4710. You could, for example, look for buying opportunities from the buyer’s defense of the lower boundary of the range or after a breakout to the upside and the buyer's defense of that breakout.
OANDA:XAGUSD
by AlexeyWolf
BTCUSDT. Bitcoin is still in the gameHello traders and investors! On the daily time frame, Bitcoin's price remains in a sideways movement near the lower boundary at 59,005. Despite three expansions below this boundary—on May 1 (56,552), July 5 (53,485), and August 5 (49,000)—only the May 1 expansion was significant, with the daily candle closing below the previous boundary of 59,005. The candles on July 7 and August 5 closed below 56,552 but failed to close below the wicks of the July 5 candle, which previously expanded the range. If the seller is aiming to push the price lower and has made two attempts on July 5 and August 6, we would expect to see a result with a solid close, not just a wick. If we continue to think in terms of a sideways movement (which I believe we should), the current relevant vector is the buyer's 10-11. On August 8, a buyer's zone was formed (blue rectangle). The absorbed volume of the seller’s August 5 candle is impressive—the largest volume in a year. Note that there are two levels formed by two tests: 62745 is the test of the seller's candle from August 2nd, which had increased volume, and 57642 is the test of the buyer's zone at the lower boundary of the range. Currently, the price is squeezed between these levels. Let's analyze the lower time frames for potential trading ideas. 8H Timeframe Analysis On the 8-hour time frame, a sideways range has also formed. The lower boundary is at 53,485, and the upper boundary is at 71,997. In the buyer's 5-6 vector, a buyer's zone has formed at the bottom (blue rectangle), and a seller's zone has formed at the top (red rectangle). Both zones have been tested. The buyer's zone was tested at 57,642, and the seller's zone at 60,711. Currently, the price is squeezed between these levels, with a potential target of 70,079 for the buyer's 5-6 vector. Let's study what’s happening in the buyer's vector on a lower time frame. 2H Timeframe Analysis The price has formed a sideways range, with the lower boundary at 49,000 (daily level too) and the upper boundary at 62,745 (daily level too). The level of 57,642 from the 8-hour time frame is the potential target for the seller’s 6-7 vector, while 60,711 is the potential target for the buyer’s 7-8 vector. Trading Ideas Medium-term Buys : Can be considered from the idea of the buyer's 5-6 vector on the 8-hour time frame or the buyer's 10-11 vector on the daily time frame. Short-term Buys : Can be considered from the idea of the buyer's 7-8 vector on the 2-hour time frame, defending levels at 57,642, 56,552, and 53,485. Short-term Sells : Can be considered from the idea of the seller's 6-7 or 8-9 vector on the 2-hour time frame, defending levels at 60,711 and 62,745. Good luck with your trading and investments!
by AlexeyWolf
XAUUSD. Trading opportunitiesHello traders and investors! Let's see what we can trade on gold. Daily Timeframe Analysis On the daily time frame (TF), the price has formed a sideways movement that began on April 9th. The upper boundary is 2450.125, and the lower boundary is 2277.345. The seller’s vector 6-7 broke through the upper boundary of the sideways range, but then the seller brought the price back into the range. The current active seller’s vector is 7-8 with a potential target of 2286.83. The seller couldn't overcome the first obstacle at 2391.520 (the base of the last sub-impulse of the buyer in the buyer’s vector 6-7). As a result, a local sideways range formed near the upper boundary of the range, which is clearly visible on the 8-hour TF. Trading within this range is possible, from the upper boundary to the lower one, and vice versa. To better understand the situation, let’s look at the lower TFs. 8H Timeframe Analysis The price has formed a sideways range. The upper boundary is 2483.74, and the lower boundary is 2353.195. The current active buyer’s vector is 8-9, with a potential target of 2477.725. 4H Timeframe Analysis The price has formed a sideways range. The upper boundary is 2477.725 (this level is the target within the range on the 8-hour TF). The lower boundary is 2410.885. The current active buyer’s vector is 8-9, with a potential target of 2458.875. At the base of the 8-9 vector, a buyer’s zone (marked as a blue rectangle on the chart) has formed after engulfing the seller’s candle, which interacted with the boundary of the range on increased ( ! ) volume. Buying opportunities Buying opportunities can be considered based on the execution of buyer vectors 8-9 within the sideways movements on the 8-hour and 4-hour time frames. For example, consider buying from the buyer's zone on the 4-hour time frame, above the lower boundary of the sideways movement at 2410.885. Potential targets include: • 2458.875 (test of the seller’s zone near the upper boundary of the range on the 4-hour TF), • 2477.725 (boundary of the range on the 4-hour TF; point 7 of the range on the 8-hour TF), • 2483.74 (boundary of the range on the 8-hour TF). Selling opportunities Selling opportunities can be considered based on the execution of seller vectors 9-10 within the sideways movements on the 8-hour and 4-hour time frames, if the seller defends the 2458.875 - 2483.74 range. Potential targets include: • 2423 (test of the buyer’s zone on the 4-hour TF), • 2410.885 (lower boundary of the range on the 4-hour TF), • 2364.39 (future point 8 of the range on the 8-hour TF), • 2353.195 (lower boundary of the range on the 8-hour TF).
OANDA:XAUUSD
by AlexeyWolf
SPX500, JP225, DE30. Analysis for CompetitorsHello traders and investors! Over 55,000 traders have registered for The Leap paper trading competition. The assets in the competition include SPX500, JP225, and DE30. This analysis may help in making the right decision. Weekly Timeframe Analysis: All three indices interacted on the daily timeframe with the level at the base of the last buyer's impulse on the weekly timeframe: SPX500 at 5193.1, JP225 at 36375.7, and DE30 at 17479. On Friday, when the weekly candles close, we will know the results of this interaction. Daily Timeframe Analysis: SPX500 and JP225 are in a downtrend. The start of the latest seller impulses are 5571.8 and 39090.9 respectively. JP225: Today, the price is interacting with 50% of the last seller impulse (34798.4). We are observing the seller's reaction. If the seller does not show strength, we wait for the price to interact with the weekly level 36375.7, where selling opportunities can also be found. There is currently no context for buying on the daily timeframe. SPX500: The price is still on its way to 50% of the last seller impulse (5333). Note that the 50% level of the last seller impulse (5333) almost coincides with the upper boundary of the price gap (candle from 02.08.24, its close is 5333.6). I anticipate that we will see a seller's reaction at these levels, and it is advisable to look for selling opportunities. If the seller does not show strength, the next significant resistance for the buyer's movement is 5398.6 (the minimum of the penultimate seller impulse), where selling opportunities can also be found. There is currently no context for buying on the daily timeframe. DE30: The situation is different. The price has formed a sideways movement, with the upper boundary at 18796.5 and the lower boundary at 17941. The seller in the 6-7 vector of the sideways movement has moved below the lower boundary. Note that the 50% level of the seller's impulse (17909.5) and the lower boundary of the sideways movement (17941) almost coincide. It is advisable to look for selling opportunities at these levels. There is currently no context for buying on the daily timeframe. Hourly Timeframe Analysis: JP225: On the hourly timeframe, there is an uptrend. The start of the latest buyer impulse is 32793.4. The key candle of the impulse is at its end (the candle with the highest volume in the impulse, marked on the chart "KC"). Buying opportunities can be considered from the buyer's defense of the range 34282 - 34798 or after the formation of a new buyer impulse from buyer zones within this impulse. Keep in mind that there is a downtrend on the daily timeframe. If the seller engulfs the key candle of the impulse, it will provide context for looking for selling opportunities. SPX500: The price has formed a sideways movement, with the upper boundary at 5318.9 and the lower boundary at 5198.6. The upper boundary is slightly below the daily levels (5333 and 5333.6). Within the sideways movement, it is advisable to look for selling opportunities from the upper boundary and buying opportunities from the lower boundary. Selling opportunities can be considered if the seller defends the upper boundary of the sideways movement, interacting with the daily levels. Buying opportunities can be considered from the buyer's defense of the lower boundary of the sideways movement, in the range of 5198 - 5215. Keep in mind that there is a downtrend on the daily timeframe. DE30: The buyer has not yet managed to start an uptrend on the hourly timeframe. We only see one impulse so far. The price has already interacted with 50% of the latest buyer impulse, but the buyer has not yet managed to form a new impulse (an hourly candle closing above 17569). There is no clear context for buying or selling on the hourly timeframe at the moment. If we consider the 2-hour timeframe, selling opportunities can be looked for from the upper boundary of the sideways movement in the range of 17647.6 - 17731.2. Buying opportunities can be considered after the price breaks upwards out of the sideways movement and the buyer defends this breakout. Online analysis of the daily timeframe: trend or sideways www.tradingview.com
OANDA:SPX500USD
by AlexeyWolf
TONUSDT. Looking for sales opportunityHi traders and investors! It might be time to open short positions on TON. Daily Timeframe Analysis On the daily timeframe, the price has formed a sideways movement. The buyer's vector 4-5 has reached all its targets. Yesterday, the seller brought the price back into the range, and the daily candle closed below the upper boundary of the range at 7.675. Additionally, a seller's zone has formed at the upper boundary of the range (red rectangle on the chart). The lower boundary of the range is at 4.5983. The current seller's vector 5-6 has a potential target of 5.18. The nearest obstacles are 6.58 and 5.9777. Hourly Timeframe Analysis On the hourly timeframe, there is a downtrend. The last selling impulse started from the level of 7.5862. This level also serves as the seller's defense of the breakout from the range on the hourly timeframe (marked as RPL on the chart). Currently, the price has interacted with the 50% level of the last selling impulse (7.2243) but has not been able to overcome it so far. Selling Strategy It is reasonable to look for selling opportunities based on the idea of realizing the seller's vector 5-6 in the range on the daily timeframe. Possible levels to look for sales if defended by the seller include 7.5862 (hourly timeframe) and 7.675 (daily timeframe). Alternatively, after a new selling impulse appears on the hourly timeframe, identify the seller's areas of interest and look for selling opportunities from the defense of these areas.
Short
by AlexeyWolf
XAUUSD. The Leap. Where will the price go?Hi traders and investors! More than 13,000 traders have registered for The Leap paper trading competition. One of the assets of the competition is XAUUSD. Perhaps this analysis will help you make the right decision (the SPX500 analysis is available in the linked idea). In a related idea, XAUUSD predicted that if the buyer defends the $2378 - $2383 range, then the likelihood of the buyer reaching $2431.59 and $2450.125 will increase. The buyer has reached $2450.125, time to update the analysis. Daily Timeframe Analysis: On the daily TF, the price formed a sideways pattern, now the current seller vector is 7-8 with potential targets of $2286.83, $2277.345. The seller's vector interacted with the first obstacle of $2391.520, where the buyer won, forming a buyer's zone (blue rectangle on the chart, upper limit $2401.31). The volume of the seller's candle from July 25, which was absorbed by the buyer, is the largest in the last 3 months. Now the price has reached the upper limit of the sideways trend at $2450.125. Let's note the surge in volume on the buyer's candle from July 31 and the closing of this candle above the test of the seller's zone ($2432.065) at the upper border of the sideways band (red rectangle on the chart). Now all attention is focused on the struggle between buyer and seller for the level of $2432.065. To consider the fight, let's consider the lower TF. Hourly Timeframe Analysis: On the hourly TF, the price formed a sideways pattern near the upper bounder of the sideways trend of the daily TF. $2437.32 is the lower bounder of the sideways trend, $2458.465 is the upper bounder of the sideways trend. Selling opportunities: If the price exits the sideways trend downwards, below $2432.065, and the seller protects this exit, you can look for selling opportunities. The goal is to choose the closest one and follow the deal (monitor how the price passes the range of 2428-2419). Buying opportunities: If the buyer protects the lower border of the sidebar (up to $2432.065), you can look for buying opportunities. The goal is the upper limit of the hourly sideways trend and possibly a new ATH.  
OANDA:XAUUSD
by AlexeyWolf
SPX500. Where to look for purchases and sales.Hello traders and investors! Let's analyze the SPX500. Weekly Timeframe Analysis: A buyer's impulse has formed on the weekly TF with an impulse base of $5193.1. The seller performed well, showing a good spread and volume. Key impulse candle from 06/10/24 (candle with the highest volume in the impulse, “KC” on the chart), its close is slightly below 50% of the impulse. I assume that the seller will lower the price to the key candle, where it will be necessary to evaluate the buyer’s actions to search for purchases. Daily Timeframe Analysis: On the daily timeframe, the seller broke through the bottom of the buyer's last impulse ($5577.4). The seller's impulse is not over yet, since there has not been a buyer's candle yet. The base of the seller's momentum is $5680.4. While the seller is protecting the $5577.4 level, it is advisable to look for sales. 2H Timeframe Analysis: On the 2-hour time frame, the price formed a sideways movement (the lower border of the sideways movement is $5577.4). Then the seller broke through the lower border of the sideways movement and launched a short trend. The base of the seller's last impulse is $5568. 50% of the seller's last impulse – $5536.1. On the 8-hour timeframe and the 4-hour timeframe, the price situation is similar to the 2-hour timeframe. The initial level of the seller's last impulse is $5568. 50% of the seller's last impulse – $5536.1. Thus, in the range of $5577.4 - $5568 there is a context for searching for sales on the daily, 8-hour, 4-hour and 2-hour timeframes . Selling Strategy: Seller protection levels $5577.4 or $5568. Seller protection 50% of last impulse - $5536.1 Buying Strategy: When the price reaches the range of $5328 - $5436, look for patterns for purchases. If the buyer returns the price above $5577.4 and protects this level.
OANDA:SPX500USD
by AlexeyWolf
SPX500. The Leap paper trading competitionHi traders and investors! In the previous idea, I analyzed the weekly and daily TF to find price zones for sales and purchases. In terms of sales, the idea worked. In terms of purchases, the pattern has not yet formed. It's time to update analysis. Daily Timeframe Analysis: There is a short trend on the daily TF. The last impulse of the seller is from the level of $5594.4. The key impulse candle is located at the bottom of the impulse (the candle with the highest volume, marked on the chart "KC") This is the daily candle from 07/25 and is the one with the highest volume over the last 3 months. What is interesting is that most of the body of the candle is below 50% of the last buyer impulse on the weekly TF (see the related idea, where there is an analysis of the weekly TF). Hourly Timeframe Analysis: On the hourly timeframe there were more than 3 price touches of 50% of the seller’s last impulse on the daily timeframe; the seller failed to update the minimum, which may indicate the seller’s weakness. Selling opportunities: There is a high probability that the buyer will reach $5504.1 (the minimum of the seller’s previous impulse on the daily timeframe) and $5511 (50% of the seller’s last impulse on the hourly timeframe), where I will watch the seller’s reaction to look for sales. Buying opportunities: It is advisable to search for purchases when the price returns above $5504 and the buyer protects this level. On a 30-minute time frame, this will mean an upward exit from the sideways trend and the protection of this exit by the buyer.
OANDA:SPX500USD
by AlexeyWolf
XAUUSD. There is a context for searching for salesHello traders and investors! Daily Timeframe Analysis: The daily TF is sideways movement. Buyer vector 6-7 achieved all goals, going beyond the upper border of the sideways movement at point 5 ($2450.125). The seller returned the price to the sideways movement, forming a seller zone with a lower border of $2420.08 at the upper boundary of the sideways (red rectangle on the chart). Seller vector 7-8 is relevant with potential targets $2286.83, $2277.345. In the $2420 -$2450 zone, you can look for a pattern for selling an asset. Obstacles on the seller’s path – $2391.52 (minimum of the last buyer subvector in the sideways vector 6-7), $2349.485 (test of the buyer zone formed in vector 6-7) Hourly Timeframe Analysis: There is a short trend on the hourly timeframe. Beginning of the seller's last impulse at $2421.7. 4-hour Timeframe Analysis: On the 4-hour timeframe, the seller broke through the bottom of the buyer's last impulse at $2419.84. Thus, in the range of $2419 - $2422 there is a context for searching for sales on the daily, 4-hour and hourly timeframes.
OANDA:XAUUSD
by AlexeyWolf
Trading opportunity. ETH, BNB, NEAR, RNDRHi traders and investors! I have chosen 4 assets on which to look for purchases. The price of each asset formed a sideways trend on the daily TF and is now at the lower boundaries of these sideways (above the lower boundaries). ETHUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 3977. On the hourly timeframe, the price has formed a sideways trend and now the buyer is attacking the upper boundary of the sideways trend. You can search for purchases: after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse) from protection by the buyer of the lower boundary of the sideways trend 2822 -2810. BNBUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 645.2 On the hourly time frame, the price has formed a sideways trend and now the price is near the upper boundary of the sideways pattern. You can search for purchases: after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse) from protection by the buyer of the lower boundary of the sideways trend 471 - 454. NEARUSDT. Current buyer vector 5-6 on the daily TF. Potential target – 6.89 There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 5.003, protects this level, and forms a new impulse. RNDRUSDT. Current buyer vector 8-9 on the daily TF. Potential target – 11.88 There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 8.273, protects this level, and forms a new impulse.
by AlexeyWolf
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BNBUSDT. Trading opportunityOn the daily timeframe, the sideways movement that began in March continues. Yesterday, the seller pushed the price back below the upper boundary of the range at 645.2. The closing candle had a good spread and volume, confirming the seller's strength. The current seller's vector is 9-10, with a potential target at 508. The nearest obstacle for the seller is at 586.5. The price is close to 50% of the last buyer's impulse (608.8), from which a buyer's movement might start. On the hourly timeframe, there is a short-term downtrend. The last seller's impulse started at 653.7, and a seller's zone has formed at the base of this impulse (indicated by the red rectangle on the chart). It is preferable to look for selling opportunities in this seller's zone (645-654). However, the price may not return to this zone. Currently, selling opportunities can be sought if the seller defends the level of 645.2, as an idea to realize the seller's vector 9-10 within the daily timeframe range. There is no context for buying at the moment.
by AlexeyWolf
BTC. Buying opportunitiesHi traders and investors! The price followed the bearish scenario from the previous review and reached the anticipated target of 60200. It's time to update the possible scenarios. Daily Timeframe Analysis Let me remind you that on the daily timeframe, the price has been in a sideways range since February 2024. The buyer's vector 10-11 is currently relevant with a potential target of 72797. The buyer has not yet been able to reach this target. The seller formed a selling zone at the end of the incomplete buyer's vector 10-11 (red rectangle on the chart, lower boundary of the selling zone 66060.31) and pushed the price down to the lower boundary of the sideways range at 59005. Since the price is near the lower boundary of the sideways range, the priority is to look for buying opportunities. Let's look at the lower timeframes. Hourly Timeframe Analysis On the hourly timeframe, the buyer is currently trying to start a long trend. The price has overcome the beginning of the last seller's impulse (60548.46). This level is currently key. Protecting this level by the buyer and/or forming a new impulse will start a long trend, confirming the presence of the buyer. A move below 60548.46 and protection of this level by the seller will form a sideways range where intraday trades can be sought from one boundary to the other. Buying opportunities Buying opportunities can be sought from the idea of realizing the buyer's vector 10-11 in the sideways range on the daily timeframe: the buyer protecting the level 60548.46 (aggressive strategy), forming a new buyer's impulse on the hourly timeframe and the buyer protecting this impulse (semi-aggressive strategy), after the buyer absorbs the daily candle of June 24, 2024 (conservative strategy). The potential target is 72797.
by AlexeyWolf
ETHUSDT. Trading opportunityDaily Timeframe Analysis: The price formed a sideways movement on the daily timeframe starting in February 2024. The buyer's vector 8-9 reached its mandatory target, and now the seller's vector 9-10 is relevant with a potential target of 3301.9 (the upper boundary of the buyer's zone, which was formed at the base of vector 8-9, indicated by the blue rectangle on the chart). The seller initiated their vector and formed a seller's zone at the beginning of the vector (red rectangle on the chart, lower boundary at 3624.28). Sales Strategy: Sales can be considered as an idea of realizing the seller's vector 9-10 from the seller's defense of the level 3659.01, which is a test of the buyer within the formed seller's zone. The potential target is 3301.9. On the hourly timeframe, the level 3659.01 serves as the seller's defense level for the breakout from the sideways movement. So on this timeframe, you can look for signs of the seller defending the level. If the seller does not defend this level, there is a high probability that the buyer will reach 4000. Purchases Strategy: Purchases are advisable to consider after the price interacts with the buyer's zone at the base of vector 8-9 (blue rectangle on the chart, upper boundary at 3301.9).
by AlexeyWolf
ETH. Buying opportunitiesHi traders and investors! The seller's vector 9-10 reached its mandatory target in the sideways range on the daily TF from the previous review. It's time to update the possible scenarios. Daily Timeframe Analysis On the daily timeframe, the price has formed a sideways range that began in February 2024. The seller's vector 9-10 reached its mandatory target with a low of 3240, and now the buyer's vector 10-11 is relevant with a potential target of 3977. The first obstacle for the buyer is the high of the last seller's bar at 3435. The price has not yet interacted with this level. Since the price is at the lower boundary of the sideways range on the daily timeframe, it makes sense to start looking for buying opportunities. Let's look at the lower timeframe. Hourly Timeframe Analysis On the hourly timeframe, the price has formed a sideways range. The seller's vector 4-5 exited the boundary of the range, and then the buyer absorbed the attacking range boundary candle of the seller, forming a buyer's zone at the end of the seller's vector (blue rectangle on the chart). Currently, the buyer's vector 5-6 is relevant with a potential target of 3653. The price is at the lower boundary of the sideways range on the hourly timeframe, so it makes sense to start looking for buying opportunities. Buying opportunities Buying opportunities can be sought from the idea of realizing the buyer's vector 10-11 in the sideways range on the daily timeframe or from the idea of realizing the buyer's vector 5-6 in the sideways range on the hourly timeframe. From the protection by the buyer of the lower boundary of the sideways range at 3362 on the hourly timeframe. From the protection by the buyer of the level 3345, which is the test of the seller of the formed buyer's zone at the end of the seller's vector 4-5 on the hourly timeframe. From the protection by the buyer of the level 3240, which is the test of the seller of the formed buyer's zone at the base of the buyer's vector 8-9 on the daily timeframe. After the buyer absorbs the daily candle of June 24, 2024 on the daily timeframe (conservative strategy). Please don't forget to like, comment and follow to support me, I really appreciate it!
by AlexeyWolf
BTCUSDT. Trading opportunityDaily Timeframe Analysis: The price has been in a sideways movement on the daily timeframe since February 2024. The current buyer's vector 10-11 has a potential target of 72797, but the buyer has not yet reached this goal. The seller has formed a selling zone at the end of the unfinished buyer's vector 10-11 (red rectangle on the chart, lower boundary of the seller's zone at 66060.31). Currently, the price is squeezed between two levels: 64602.77, which represents the buyer's defense of volume accumulation at the lower boundary of the daily range, and 67298.81, which represents the seller's defense of the selling zone. Hourly Timeframe Analysis: On the hourly timeframe, the price has formed a sideways movement. The current buyer's vector 9-10 has a potential target of 67298.81 (!). The upper boundary of the range is at 67370.24, and the lower boundary is at 65078. Buying Strategy: From the idea of realizing the current buyer's vector 9-10 within the hourly range, with a potential target of 67298.81. From the idea of realizing the buyer's vector 10-11 within the daily range - when the price breaks above the upper boundary of the hourly range (67370.24) and the buyer defends this breakout. The potential target is 72797. Selling Strategy: From the idea of realizing the seller's vector 10-11 within the hourly range from the upper boundary of the range (67298.81, 67370.24). The potential target is currently unknown and will be formed after the realization of the buyer's vector 9-10. From the idea of buyer weakness on the daily timeframe - when the price breaks below the lower boundary of the hourly range and the level 64060, and the seller defends this breakout. The potential target could be 60200.
by AlexeyWolf
XAUUSD. The seller is aiming for 2326 and belowOn the daily time frame, a sideways movement has been forming since April 9th. The buyer’s vector 4-5 reached a new high. The key candle of vector 4-5 was on May 20th and is located at the top (highest volume, "tKC" on the chart). The seller absorbed this candle, and now the seller’s vector 5-6 is developing. The first target is 2326.515. On the hourly time frame, there is a short trend. The last seller’s impulse started from 2374.01. The price corrected to the 50% level of the last impulse (2364.498), and we see a strong seller’s continuation. It makes sense to look for sell opportunities above 2390 if the price returns there or from the defense of the trend by the seller.
OANDA:XAUUSD
by AlexeyWolf
ETHBTC. Should we look for buying opportunities?On the weekly time frame (TF), there has been a sideways movement since May 2021. The seller's vector 11-12 interacted with the lower boundary of the range at 0.049081 several times. After the first interaction in January 2024, the buyer performed well with a single weekly candle (January 8th), forming a buyer's zone (blue rectangle on the chart). A similar situation is happening now, with the weekly candle on May 20th also showing a good spread and volume, creating another buyer's zone (blue rectangle on the chart, with the upper boundary at 0.05206). Since the seller's vector has reached all its targets within the range, the current buyer's vector is 12-13. The potential target is 0.085621 (~50%), and it seems reasonable to look for buying opportunities. However, the question remains whether the buyer's activity will develop further or if the price will update the local minimum again (0.04473). It is reasonable to look for buying opportunities on the weekly time frame from the buyer's zone (upper edge – 0.05206), with the idea of realizing the buyer's vector 12-13. The first potential targets are 0.06117 and 0.06257, with an ambitious target of 0.085621. Let's examine the lower time frames to determine where else it is reasonable to look for buying opportunities. Daily Time Frame On the daily time frame, there was a seller's trend. The last seller's impulse started from the level 0.05249 and ended at the level 0.04473. Then, there was a buyer's impulse, and now the price is above 0.05249, indicating that the seller's trend has stopped. The key candle of the buyer's impulse (the highest volume in the impulse, marked as "KC" on the chart) is at the end of the impulse. Buying opportunities can be considered if the buyer defends the levels at 0.05332 (the key candle of the impulse) and 0.05249 (the price of the last seller's impulse started from), with the idea of initiating a long trend and breaking above 0.05744. It would be cool, during the seller's attack on the level 0.05249, the price moves into the buyer's zone on the weekly TF (0.05206 or below), and then the buyer brings the price back above 0.05249 and defends this level. If the price falls below 0.05249 and the seller defends this level, it is likely that the price will move towards the local minimum (0.04473). 4-Hour Time Frame The price has formed a sideways movement. The buyer's vector 6-7 has reached its targets. The current seller's vector 7-8 has a potential target of 0.05322 (see the 0.05322 level on the daily TF above). The lower boundary of the range is 0.0525, which coincides with the 0.05249 level on the daily TF. It makes sense to look for buying opportunities on the 4-hour TF if the buyer defends the levels at 0.05322 or 0.0525, based on the idea of the buyer's vector 8-9 within the range. Sales can also be considered from the seller's defense of the 0.05622 or 0.05744 levels, based on the idea of the realization of the 7-8 vector within the range.
by AlexeyWolf
The level defense patternI use the concept of a level being defended by either a buyer or a seller to find potential buying or selling opportunities. This is a specific pattern that can be identified on a chart. Let's consider one variant of this pattern. In this variant, the defense of a level by a buyer looks as follows: a buyer's candle closes above the level. Then, a seller's candle or candles interact with the level, followed by the appearance of a buyer's candle, which needs to be evaluated. If it meets the criteria, entry points can be identified. Let's look at a concrete example. The pattern developed over 10 hours. On the chart, blue-shaded areas represent 2-hour buyer's candles, and red-shaded areas represent 2-hour seller's candles. After the buyer pushed the price back above the 6.733 level, they attempted to resume from the 6.7571 level, the volume of the buyer's candle (632K) was less than that of the seller's candle (1.274M). Then, the seller attacked the 6.733 level with increased volume (709K) but could not push the price below this level. Note where POC of the volume profile for the 2-hour seller's attack candle is: below 6.7571. The high of the attack candle is at 6.8166. The next buyer's candle had increased volume (792K). Notice where the buyer's movement started in this candle: from the POC of the volume profile of the seller's attack candle. Now entry points can be identified. In this example, the entry points are visible on the 1-minute time frame. The chart shows two entry points. Note how volumes are distributed at these points and the resulting buyer's zones (blue rectangles on the chart). The first entry point is the defense of the breakout from the range by the buyer, which was formed in the previous 2-hour candle (RPL on the chart, 6.7784). The second entry point is the defense of the high of the attacking 2-hour seller's candle by the buyer (6.8166 level).
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by AlexeyWolf
Trading opportunity. What to buy?In the crypto market, the largest assets are currently experiencing similar situations. On the charts, we can see that six assets have formed sideways trends. Prices for all six assets are currently at the bottom of these sideways trends. For four assets, the price temporarily dropped below the lower boundary of the sideways trend, where liquidity from sellers was collected, but then returned to the sideways trend. The prices of five assets, excluding BNB, are in zones where it makes sense to consider buying. The most interesting potential is with DOGE and AVAX. One possible strategy to consider is buying four assets that you like the most.
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by AlexeyWolf
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BNBUSDT. Trading opportunityOn the daily timeframe, the price has formed a sideways movement and reached the mandatory target of the seller's vector 7-8. The next relevant buyer's vector 8-9 has a potential target of $634. The price is currently in the middle of the sideways range on the daily timeframe. On the hourly timeframe, the price has also formed a sideways movement. The short seller's vector 11-12 broke below the lower boundary of the sideways range at $574 and collected sellers' liquidity. Pay attention to the key volume of the last vector 11-12: the candle with the highest volume in the vector is at the bottom (marked as 'KC' on the chart). Then the buyer absorbed this volume and returned the price to the sideways range, forming a new buyer zone at the boundary of the sideways range (the blue rectangle on the chart, upper boundary at $575.5). The key volume (largest) in the emerging buyer's vector is also at the bottom (the candle on the chart is marked as 'tKC'). This setup increases the probability of realizing the buyer's vector 12-13 with a potential target on the hourly timeframe of $600. Idea: Look for purchases as the realization of the buyer's vector 12-13 on the hourly timeframe and the buyer's vector 8-9 on the daily timeframe. The target on the hourly timeframe is $600. The preferred option is to look for purchases from the defense by the buyer of the buyer zone at the lower boundary of the sideways range.
by AlexeyWolf
TONUSDT. Trading opportunityOn the daily timeframe, the price formed a sideways movement and hit the mandatory target of the buyer's vector 4-5 (7.2755 was reached). Currently, the price is in a seller's context. The next relevant seller's vector 5-6 has a potential target of 5.18. Yesterday, the seller showed a weak reaction on the daily timeframe (spread, volume, and the tail of the bearish candle), and the tail of this candle tested the volume key candle (on the "rKC" chart) of the buyer's vector 4-5, from which a strong buyer reaction started on the hourly timeframe: 3 buyer candles with good spread from the level of 6.5615. On the hourly timeframe, the price also formed a sideways movement. The bearish seller's vector 9-10 reached the mandatory target. The next relevant buyer's vector 10-11 has a potential target of 7.2232. A liquidity pool of sellers formed below points 4 and 10 of the sideways movement, at 6.5615. A weak seller on the daily timeframe may overcome a strong buyer on the hourly timeframe. Sales may be considered: Option 1: Implementation idea of the seller's vector 5-6 on the daily timeframe: if the price breaks the lower boundary of the sideways movement on the hourly timeframe (6.5615) and defends this breakout. An ambitious potential target is 5.18. Option 2: Implementation idea of the seller's vector 11-12 on the hourly timeframe. After the implementation of the buyer's vector 10-11 and the defense by the seller of the level 7.2232. The potential target is the opposite boundary of the sideways movement. Buy entries can also be sought from the implementation idea of the buyer's vector 10-11 on the hourly timeframe. Option 1: The most interesting option. If the buyer gathers liquidity from the seller below 6.5615, returns the price to the sideways movement on the hourly timeframe, and defends the level 6.5615. Possible targets are 7.2232, 7.45, and 7.675. Option 2: Upon the defense by the buyer of the level 6.8125, a buying opportunity can be sought. Possible targets are 7.2232, 7.45, and 7.675.
by AlexeyWolf
AUDUSD. Medium-term and short-term forecastHello traders and investors! I'll share the forecast I made in mid-March. On the weekly chart, there's a sideways movement, with a bullish vector 5-6 targeting 0.69205. On the daily chart, we also see a sideways movement, with a bullish vector 7-8 targeting 0.66345, 0.66676. I'm awaiting price interaction with the daily targets to update the forecast. For a more detailed explanation of how to read charts and consider different timeframes when looking for trades, you can refer to the article
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by AlexeyWolf