Recap of NY Session with Silver shortAfter huge moves yesterday i expected a tricky day and did not trust the classic setups too much. Overall Metal were bearish and US Indices bullish, CPI wicked both sides and took liquidity off many charts also as sign of caution, so i again waited patiently into 3rd hour... Then H1 time ration gave a nice reversal scalp on silver, that made my day. One and done.
Chart Patterns
This is Wyckoff VSA Buying and Selling in FX AUD/USDIn this short educational video, Author of "Trading in the Shadow of the Smart Money" and the new book "Think, Link, Create" explains the universal laws that are on the charts if You know what to observe. The Laws are Supply and Demand, Cause and Effect, Effort vs Result.
This video shows a chart of the AUD/USD with clear examples of the principles of Professional Buying and the Professional Selling on multiple timeframes. Gavin also looks at the NQ Futures three minute chart as weakness appears. We hope this information helps you all.
BTCUSD - Boring Consolidation - When will it endGood day to you all!
BTCUSD has been consolidating in this same range for 8 months.... really irritating a lot of speculators out there. No need to fear, we're getting close to the completion of this consolidation and we'll have some resolution soon.
What I actually expect that I didn't mention in this video is a little bit of a drop going into the US elections and a swift recovery after that. I'd like to see the 50D SMA overtake the 100D SMA and ultimately get above that 200D SMA but that's going to take a little more work and a lot more time.
BTC is starting to become a mature asset as time goes by and companies start to place crypto assets on their balance sheets. We need to have patience for this resolution to take place. The next move we have will be big but nobody knows exactly when it will happen.
Targets?
I'd like to see BTC fall to 57-58k and find significant support there and start a rise back to ATH (and beyond - but we'll see if/when we get there). A failure of that 57k area would indicate we're likely to return back to the 50k or lower area. Watch support levels and as they're broken, look for the next level if you enjoy playing the short game. Vice versa for resistance levels.
Trade carefully friends!
SPY/QQQ Plan Your Trade For 10-10 : Carryover in Carryover ModeToday's cycle pattern suggests the SPY/QQQ price action will be very similar to yesterday's price action. I believe the markets are starting to move away from the basing/bottoming phase and moving back into trending phase.
Thus, I believe the SPY & QQQ will begin a rally up to highs reached before October 20-21, then form a top, and toll downward just before the US elections.
Gold needs to find some support and move higher - away from the 2625 price level. It is critical that Gold stay above 2620 at this stage. if Gold falls below 2620 - there is a very strong chance Gold will move into deeper consolidation and fail to rally above the 2750++ level I expect.
BTCUSD has already reached my lower support zone. I do expect Bitcoin to consolidate a bit near this lower price channel, but the next move is to either revert higher, or breakdown even further. Currently, I suggest waiting 20 to 48 hours with Bitcoin to let price settle on a new trend.
Get some.
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NASDAQOverview
Market: NAS100 (NASDAQ 100 Index)
Time Frame: 1-hour chart (indicated by the "1H" labels)
Key Concepts: The chart incorporates Wyckoff methodology, harmonic patterns, and Fibonacci retracement levels.
Key Components
Market Phases:
Phase A: Indicated at the bottom of the chart, represents the initial accumulation phase.
Phase B: The current market phase where distribution is occurring, highlighted by significant price levels and the potential for selling pressure.
Phase C: Marked on the chart as a potential accumulation phase after distribution completes.
Significant Price Levels:
Support and Resistance:
Resistance line at around 20,233.3, acting as a critical level to watch.
Support levels at 19,962.5 and 19,744.5.
Invalidation Points:
Points where the bullish or bearish bias may change if reached, such as the "INVALIDATION POINT" at 20,318.5.
W Close: Marked at 20,318.5, indicating a significant price area related to potential price reversals or continuation.
Harmonic Patterns:
ABC Structure: A visible ABC structure can be identified, with specific Fibonacci retracement levels, suggesting potential reversal or continuation points.
Potential for Further Downside: The labels suggest that further downside movement may occur after a retracement, with potential targets outlined.
Volume Profile:
The volume histogram at the bottom shows trading activity across price levels, providing insight into areas of high interest and potential supply/demand zones.
A significant spike in volume is often indicative of potential reversals or continuation patterns.
Fibonacci Levels:
Retracement Levels: Specific Fibonacci levels are marked, such as 0.236 and 0.272, which indicate potential reversal zones.
Extensions: Levels like 1.236 help in identifying possible price targets or extensions based on the harmonic pattern identified.
Trading Signals:
"SOW IN PHASE B": This indicates selling opportunities within the current phase.
Targets for Short Positions: Target prices for potential shorts are mentioned, such as 19,744.5 (indicating a drop from the current price).
Conclusion
This chart provides a comprehensive analysis based on Wyckoff's distribution and accumulation phases, supported by harmonic patterns and Fibonacci retracement levels. The trader should focus on the critical price levels mentioned, watch for volume changes, and consider potential entry/exit strategies based on the outlined phases and patterns.
GBPCAD Technical Analysis and Trade Idea👀👉 GBPCAD is displaying a strong bullish trend on the higher time frames, and I’m carefully observing for a potential buying opportunity, dependent on specific conditions discussed in the video. We will examine the essential price action signals to look for and how to position yourself effectively to take advantage of the next move. **Disclaimer**: This analysis is for informational purposes only and should not be interpreted as financial advice. 📊✅
NZD/CAD H4 | Pullback resistance at 23.6% Fibonacci retracementNZD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.8374 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level.
Stop loss is at 0.8420 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance.
Take profit is at 0.8295 which is a swing-low 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. 62% 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. 59% 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.
SPX500 H4 | Bullish uptrend to extend higher?SPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 5,786.80 which is a pullback support.
Stop loss is at 5,769.00 which is a level that lies underneath an overlap support and the 23.6% Fibonacci retracement level.
Take profit is at 5,825.77 which is a level that aligns with the 78.6% Fibonacci projection level.
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. 62% 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. 59% 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.
DAX H4 | Falling to 50% Fibonacci SupportDAX (GER30) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 19,126.47 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 19,000.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 19,337.11 which is a pullback resistance.
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. 62% 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. 59% 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.
USD/JPY H4 | Potential RSI Bearish DivergenceUSD/JPY is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 149.27 which is a swing-high resistance.
Stop loss is at 151.00 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance.
Take profit is at 147.17 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
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. 62% 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. 59% 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.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
SPY Multi-Timeframe Analysis: S&P 500 ETF Trust (SPY)1. Weekly Chart:
Uptrend Intact: The weekly chart shows that SPY continues to trade within a broader uptrend, consistently making higher highs and higher lows. It has held above its key moving averages, particularly the 50-week moving average (blue) around $515.
MACD Momentum: The MACD histogram shows continued positive momentum. This suggests that bullish sentiment remains strong, with no significant reversal signals yet.
Key Resistance: We are testing the $577 level, which appears to be a significant resistance zone. If broken, SPY could extend toward new all-time highs.
2. Daily Chart:
Testing Resistance: The daily chart provides a clearer view of the immediate resistance at $577. We’ve seen several attempts to break through this level, but so far, the price has been contained below it.
Moving Average Support: The 50-day moving average (green) has acted as strong support, currently around $555.80. As long as SPY holds above this, the bulls remain in control.
Momentum Indicator: The MACD on the daily chart is trending positive, showing increasing bullish momentum. This signals that a breakout above $577 is likely if this momentum continues.
3. 4-Hour Chart:
Bullish Momentum Building: The 4-hour chart shows a series of higher highs and higher lows, indicating the bullish momentum is building. Price has been supported by the 50-period moving average at $564.10.
Immediate Resistance: The key level remains $577. A clear break above this resistance level on strong volume could signal further upside, potentially pushing SPY toward the $580-$585 range.
MACD Shows Caution: While the MACD remains in the green, it’s showing early signs of slowing momentum on this timeframe. This suggests that a brief consolidation or pullback might occur before a breakout.
4. 30-Minute Chart:
Tight Range Formation: On the 30-minute chart, SPY is trading within a tightening range, with support around $572.21 and resistance at $577.11.
Key Trendlines: We can observe two converging trendlines (green and red), which often precede a breakout. If SPY breaks above the red trendline (around $577), it could lead to a strong upward move. Conversely, a break below the green trendline would signal a potential retracement.
Bullish Outlook: SPY remains in a strong uptrend across multiple timeframes, with positive momentum indicators and key moving averages providing solid support. The next critical level to watch is $577. A sustained break above this could see SPY move toward the $580-$585 range, continuing the bullish trend.
Risk of Consolidation: However, there is a risk of short-term consolidation, especially on the lower timeframes, before any major breakout occurs. A drop below $564 on the 4-hour chart or $572 on the 30-minute chart could indicate a deeper pullback.
Intel - Back To A Bullish Market!Intel ( NASDAQ:INTC ) perfectly rejected a major previous support:
Click chart above to see the detailed analysis👆🏻
After being cut in half multiple times over the past couple of months, Intel finally managed to reverse at a strong previous support level. However market structure is still clearly not bullish and Intel has to break above the next resistance to start creating a new overall uptrend.
Levels to watch: $26, $20
Keep your long term vision,
Philip (BasicTrading)