Beyond Technical Analysis
NASDAQ Weekly Outlook: Key Support, Resistance, and Potential Sen this video, we dive into the Nasdaq’s recent price action and highlight the major support and resistance zones to watch in the coming week. We’ll review key swing levels, discuss possible bullish and bearish scenarios, and explore the importance of volume profiles in anticipating trend shifts. Whether you’re new to trading or looking for fresh perspectives, this breakdown will help you plan your trades with added clarity
can monday start bullish?Gold is signalling a bullish setup as price retests a level of support and fib level 0.618. The retracement into this zone along with lower time frame trend lines shows signs of creating a higher low to, break through highs and the triangle patten.
Key Levels to Watch:
-Entry Zone: Around 2,639, aligning fibs support and trendline
-First Target: 2,664 current equal highs and resistant
-Second Target: 2,685.
possible upside with target for gbpjpylooking from higher timeframe gbpjpy can be seen hitting the 0.618 fib level inline with demand zone and break and retest on trendline. following the patch of higher highs and higher lows and using fib extension. we can see 100% fib extension is inline with the current channel.
BECOMING PROFITABLE (PART 1)Hi Guys,
I have provided an explanation on how to become profitable by repeating the same process, over and over again.
Decide the candle you intend to trade before coming to the charts to frame your trade.
Am I trading the daily candle today or the weekly candle this week or a 4H candle
That helps to clear out the noise in the market and you dont need to know the bias of the day or week, you just trade what the week presents.
Lemme sum it all up here.
Step 1: identify the candle you intend to trade.
step 2: Identify the PO3 of that particular candle (OHLC or OLHC)
Step 3: the high or low must be into a key level and must sweep liquidity
step 4: Find a lower time frame entry to correspond to that move you just identified.
step 5: Target 1:3RR or more
Weekly Trading Plan: ES Futures 1/6/2025Market Context
The ES Futures market is currently balancing, with a defined pivot point at 5964. This plan focuses on trading around the pivot while targeting key upside and downside levels. We’ll also prepare for potential failure scenarios where the market tests beyond key levels but fails to sustain momentum.
Key Levels
Pivot (Midpoint): 5964
Upside Targets:
6056
6107
6146
Downside Targets:
5875
5819
5785
🧑💼 Strategy Overview
Objective: Trade within the balancing market, utilizing the pivot (5964) as a directional bias. Prepare for possible breakout failures near key levels.
Risk Management: Place stops just outside extreme levels to mitigate breakout traps.
Execution Plan: Execute trades systematically based on price action confirmation near pivot and target levels.
Trade Execution Plan
Pivot Zone: 5964
If price holds above 5964: Look for long opportunities targeting upside levels.
If price breaks and holds below 5964: Look for short opportunities targeting downside levels.
Upside Trade Setup:
Entry: Enter long positions near 5964 on confirmation of support (e.g., bullish candlesticks or strong buying momentum).
Targets:
6056
6107
6146
Downside Trade Setup:
Entry: Enter short positions near 5964 on confirmation of resistance (e.g., bearish candlesticks or strong selling momentum).
Targets:
5875
5819
5785
⚡ Failure Scenarios
Looking Above 6146 and Failing:
Scenario: The market breaches 6146, signaling a breakout, but quickly reverses back below.
Trade Opportunity: Short the market on confirmation of failure (e.g., rejection candles, increasing sell volume).
Targets:
6107 → 6056 → Pivot (5964)
Stop Loss: Place stops just above 6146 to avoid prolonged breakout risk.
Looking Below 5785 and Failing:
Scenario: The market breaches 5785, signaling a downside breakout, but quickly reverses back above.
Trade Opportunity: Long the market on confirmation of failure (e.g., rejection candles, increasing buy volume).
Targets:
5819 → 5875 → Pivot (5964)
Stop Loss: Place stops just below 5785 to avoid prolonged breakout risk.
Fake Breakout from Pivot (5964):
Scenario: The market shows a breakout from 5964 but fails to sustain momentum and reverses.
Trade Opportunity: Trade in the direction of the failed breakout, targeting the opposite side of the range.
Stop Loss: Place stops just outside the failed breakout level.
💡 Risk Management
Position Sizing: Risk no more than 1-2% of your account balance per trade. Tighten stops to minimize loss in failure scenarios.
Break-Even Adjustments: Move stops to break-even once the first target is achieved.
📈 Trade Monitoring
Order Flow Analysis: Monitor volume and order flow near key levels for signs of breakout or failure.
Market Context Update: Adapt the plan if the market establishes a new range or breaks out of balance.
💰 Exit Plan
Take profits incrementally at each target.
Exit immediately if the market signals sustained breakout momentum beyond extreme levels.
🔔 Stay disciplined and adapt to price action!
#ESFutures #WeeklyPlan #BalanceZone #RiskManagement
2000 Pips Projection for 2025This is a summary of the markets I'll be looking to Trade in the early days of the Year.
USOIL
GBPUSD
XAUUSD
EURAUD
No Entry is Defined on The Swings yet, But you can take advantage of the Reentry positions on EURAUD with minimal Risk.
Happy New Year
Patience is the way! Ieios
M and W Trading Strategy: Will USDZAR Go Down From Here?The M and W trading strategy has long been a favorite among price action traders, thanks to its simplicity and effectiveness. These patterns represent moments of reversal where market sentiment shifts from bullish to bearish (M) or bearish to bullish (W).
Today, let’s analyze USDZAR using this strategy. Looking at the chart, there’s a potential “M” forming around a key resistance level. This structure, combined with signs of exhaustion in bullish momentum, hints that a downward move may be on the horizon. The neckline of the M pattern—often a critical support level—becomes the area to watch. A clean break below it could confirm the pattern and signal a short opportunity.
However, as always, context matters. Check for confluences such as higher time frame trends, volume spikes, or rejection candles. Pair this with strong risk management by setting stop-loss levels above the resistance zone and planning your target near the next significant support level.
Final Thought:
Do you think the M pattern on USDZAR will play out, or is the market setting us up for a fake-out? Drop your thoughts below! Let’s dive into this setup together.
BTCUSDHappy New Year! 2k25 is amongst us & we're better than ever! Here's the 1st market breakdown of the year & most def not the last! Come tap in & get these gems! Welcome to a glimpse inside of Thee SnipGoat's mind!
_SnipeGoat_
_TheeCandleReadingGURU_
#PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #NakedChartReader #ZEROindicators #ScalpingTrader #IntradayTrader #DayTrader #SwingTrader #PositionalTrader #HighLevelTrader #MambaMentality #GodMode #UltraInstinct #TheeBibleStrategy
Bitcoin Forecast After 2024 - Why support at 82,000?Bitcoin's price at the close of December, marked by this inverted hammer, clearly indicates that a correction is imminent. However, the overall trend remains upward.
We will discuss the fundamental reasons why Bitcoin may have temporarily peaked in December 2024, as well as the potential support level around 82,000 this year. Let’s explore how we can manage Bitcoin following its peak above 100,000 as we move into 2025.
Micro Bitcoin Futures & Options
Ticker: MBT
Minimum fluctuation:
$5.00 per bitcoin = $0.50 per contract
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Micron Technology - The perfect chart!NASDAQ:MU is one of these stocks, which just respects every level, cycle and structure.
If I would give each chart an individual rating, the chart of Micron Technology would be 10 out of 10. Micron Technology is actually respecting every structure level and providing textbook trading opportunities. If we get a retest of the previous all time high, which is now turned support and perfectly lining up with the support of the rising channel, I will certainly look for longs.
Levels to watch: $90
Keep your long term vision,
Philip - BasicTrading
gold on bearish retracement#GOLD price have finally breakout above the third pattern, now we expect price rejection above 2646 which have sell retracment, the minimum on D1 TF shows decline above there unless price can hold above 2640. Between 2636 have sell on multiple breakout also and 2630.5. Bullish range can form unless price did not break below 2630.5 in 3 hours. Sell 2646, SL 2654, TP 2612. Also sell 2636 on multiple breakout and 2630.5