DAX H4 | Potential bullish bounceDAX (GER30) is trading close to a swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 19,421.13 which is a swing-low support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 19,280.00 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 19,689.28 which is a swing-high resistance that aligns with the all-time high.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Chart Patterns
WTI Oil H4 | Rising into pullback resistanceWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 72.90 which is a pullback resistance.
Stop loss is at 74.92 which is a level that sits above the 78.6% Fibonacci retracement level and an overlap resistance.
Take profit is at 70.63 which is a pullback support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
BTC Cycles & TA: 10/22/24Finally, Trading view allowed me to post. I tried to post twice prior and they blocked me, but I think it was because the video was beyond 30min, so I kept this video at 30 and it works.
Nothing new, and we have NOT confirmed a breakout, despite what you might see on social media people saying we are going to 100k.... not so fast.
check out the charts and watch as there is something very sinister coming as we enter election week in November.
AUDCAD Short Trade SetupA short trade opportunity recently presented itself on the aussie-loonie trading chart.
This is occasioned by the bearish order block which acts as a resistance zone preventing any further upward price movement, the bearish engulfing candlestick pattern just inside the bearish order block and the fair value gaps in the uptrend prior to the price reversal.
The upward FVGs create a price imbalance which price will try to compensate for by moving downwards. These three confluences indicate the likelihood of a downward price movement.
With an entry price of 0.92390 or thereabouts, a stop order at 0.94059 (just above the most recent swing high indicated by the pivot point at 0.93772) and a profit target (0.88618) close to the level of one of the lowest most recent swing lows (just above the bullish order block which acts as a support zone to prevent any further downward price movement), we could potentially be looking at a 2.26 RR ratio or higher.
That's 166.9 PIPS risk (SL) and 377.2 PIPS target (TP).
Alternatively, you could decide not to set any TP and just trail your stops to make the most out of the market.
As always, please apply appropriate risk management depending upon your trading account balance, your risk appetite and other important factors.
Daily Recap - Will the Market Ever Go Down?A recap of today's action and opportunities I saw. I posted several ideas earlier and a lot of them have already triggered and worked so that's nice. It's been fairly easy to just buy dips lately because VX stalls every chance it gets, but I believe things are going to get a lot more dangerous soon.
I have been speculating about a big market crash for a few months, but as I've noted, we just haven't had the VX strength for a significant move down that lasts. That is beginning to change now. ES and NQ are near all time highs, meanwhile VX is nowhere near the all time low. VX was completely crushed this summer and spent most of it making new all time lows. Now it has become extremely elevated relative to ES in my opinion and it has lasted for weeks, but has been kept in check so far.
VIX is near 18 and has routinely traded near and above $20 while SPY is sitting near ATH. That is extremely unusual and should cause everyone to throw some caution flags up. That being said, this is why VX is so important to me here at 18.40. If it can't hold, it will likely go back in decay mode like this summer and then I'd be more optimistic for equities. VX has a long way to fall at the moment, but it hasn't yet.
In addition to elevated VX and VIX, we have interest rates and DXY soaring along with gold and silver. There could not be a bigger warning signal than what we are seeing right now with interest rates spiking straight up after a 50bps cut. Not to mention global tensions, bank failures, and whatever else might happen for a catalyst. It's coming and couldn't be more obvious. It may not happen until after the election, but it will be swift.
SPY/QQQ Plan Your Trade EOD Update : Rally ContinuationThis quick update related to my SPY/GOLD cycle patterns, and other research/predictions, is to help you plan and prepare for the pending rally phase in the markets.
Based on my research, the markets will likely pause a bit tomorrow, Wednesday, and move into a basing/bottoming phase - where price will attempt to develop support.
From that support, I see a fairly strong rally taking place on Thursday and lasting into late- Monday/mid-Tuesday next week.
As I have urged traders to stay cautious over the next 15+ days (elections and liquidity issues), this may be a great time to play the last rally phase before the 3-5 day pullback just before the US elections.
Watch this video. Follow my research.
If you are new to what I'm doing, then watch my Plan Your Trade videos for a week or two. See if you like my style of analysis and if it helps you improve your trading.
My objective is to help as many traders as possible. I'm not 100% accurate in my predictions - but I believe my research is uncomparable to others in what I'm capable of presenting/sharing with all of you.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Dow Jones - There Is A Lot More Upside!Dow Jones ( TVC:DJI ) is just starting the next bullish impulse:
Click chart above to see the detailed analysis👆🏻
The Dow Jones is anything but bearish and over the past couple of months, value stocks in general have actually been outperforming growth stocks significantly. I do expect all time highs on basically all major indices and the Dow Jones might even head for the $50.000 mark next.
Levels to watch: $50.000, $35.000
Keep your long term vision,
Philip (BasicTrading)
USDCHF Analysis Today: Technical and Order Flow Analysis !In this video I will be sharing my USDCHF analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
Review and plan for 23rd October 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Bitcoin update - My next play We have slowed down in an accumulation range at demand. We could well get a rotation at either sides of our range within premium or discount. If we break up, be wary of the supply zone above.
For my next play, I am watching for a continuation short, but will also be watching the 4h supply above for a reaction.
For any of these plays, I want to see a flip in structure on the 10 - 15minute chart or higher before entering. Let’s be ready!
Make sure to follow for regular updates and insights! 🔔💡
🔔Enquire for 121 lessons / academy
#500FOLLOWERS 🎉 #500GIVEAWAY 🎁
HFTs gaps: Learn how to enter a stock before a huge gap up.High Frequency Trading companies are market makers/takers that provide liquidity for the public exchanges, and they now use AI. HFTs have a huge impact on your profitability. You can make higher profits from trading ahead of the HFT gaps and riding the momentum upward or downward.
In this short video, you'll learn some basics on how to identify the patterns that precede HFT gaps, which I call Pro Trader Nudges . Learn what to look for in Volume patterns and pre-gap price action.
Make sure you are not chasing HFTs but riding the wave of momentum they create, just like professional traders do.
BTCUSDTon daily candle btc broke out of trend, on technical i expect it to return for a buy into 64879-65000 zone for new wave based on the structure.
buyers rejected at 69000-6800 zone was based on price tapping into supply territory with bearish order waiting for execution.
on technical i want a retest into broken supply roof since we reached a new all time high. to use it a as demand floor for uptic
Review of yesterday's post10.22.24 This is a review as it pertains to yesterday's post. I would focus on how I would consider taking trades and managing trades if I already am in the market... as well as missing trades and looking for a second chance. it's very hard to have flexibility in your trade decisions if you can only think like a buyer or a seller.....markets usually give you a second chance if you missed the first chance.
SPY/QQQ Plan Your trade For 10-22: Gap Reversal In Counter-TrendToday's Gap Reversal in Counter Trend mode should resolve as a moderate downward early price trend - possibly transitioning into a base/bottom and turning higher near the end of the trading day today.
Looking at the charts, it appears price is actually leading my SPY Cycle Patterns by about 12+ hours right now. Why?? I don't actually know why - but it appears price is anticipating the cycle patterns a bit early.
Given the heightened sense of concern related to the elections, price may be rolling through stages of liquidity and volatility with only about 15 days to go before the elections.
Either way, as I suggested, this week is going to be tough to trade with the markets moving into a pause phase ahead of the elections. Most traders are trying to position assets away from the markets or are planning on riding things out past the elections right now.
I continue to suggest traders scale back allocation levels this week and next because of the issues related to liquidity in the markets.
Look for the SPY/QQQ to attempt to find a base and try to melt upward near the end of trading today.
Gold & Silver should stay rather muted today.
Bitcoin is consolidating - just as I suggested.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
DXY Index at Critical Resistance: Possible Clues for USD Pairs👀👉 The US Dollar Index (DXY) is nearing a key resistance zone, repeatedly tested on both the monthly and weekly timeframes, which often signals a potential market reaction or rejection. While the US dollar has maintained a strong bullish trend, these factors suggest a possible near-term reversal, offering potential opportunities in both correlated and inversely correlated currency pairs. Disclaimer: This is not financial advice. Always do your own research and consult a licensed financial advisor before making any trading decisions.
📊✅
Litecoin (LTC): Possible Market Structure Break / H&S PatternWe are back with our video contents and this time we decided to look at Litecoin, where we are seeing a good possibility of downward movement after sellers secured nicely that zone of EMAs.
Now we should see a nice MSB to form and a further movement to fill that FVG zone!
Swallow Team