XAU - Are we about to break a 4-year resistance point?! Next stop could potentially be.. the moon?
Not sure if it's beginners luck or I have the magic touch - but are we about to see the first breakout of this blue horizontal channel going back to 2020?! This is my first time analyzing and really even looking at a chart of Gold and I'm psyched! I'd be honored to be a part of this breakout.
Special shout out to our friend Mohibullahstudent who, during my live stream today, persistently requested I cover Gold and though I was busy trading equities in a fast paced market, I did "promise" him I would do an analysis of Gold later on.. so this one's for you!
Now that I'm officially a "gold trader" I will continue to analyze this PA as it develops and especially if are able to break out of our teal controlled selling and retest the upper channel to continue to shake out sellers for the all important breakout.
Thanks to everyone who joined the live stream today, we had a lot of fun, and hope to see you all again tomorrow at 9:30 AM for another live stream where we will be trading and analyzing charts together.
Happy Trading :)
Controlledselling
COIN - Lots of profits to be made - beautiful algo confluenceThis can break out of our controlled selling algorithms any day - especially as we started to see sell-side tapering via our teal algorithm on Friday.
Look for Yellow strong buying channel to activate and break us out of the magenta/purple/teal algorithms which will lead us to a retest of highs at the $180-$185 level.
We will be trading this today live on the stream if the opportunity presents itself - we have some clear levels and things we're looking out for and we don't want to miss this one.
See you there!
Happy Trading :)
TGT - Analysis on recent strong moves - what we need to move upWelcome back to the trading floor traders! Our favorite place to be...
On Target, we are likely going to need some further liquidity to be built for the bulls to continue moving this up the way they have been - if this is the case, it will happen using our teal and orange controlled selling algorithms.
First we will look for yellow strong buying continuation to hold price and attempt a retest of our $153 high - but a break of yellow and we are then looking for confirmation of sell-side tapering via our teal channel.
Note: $150 is a strong level that could give us a reaction and quick bounce but in order for new highs to continue to be created we will need to continue to use our controlled selling algos to do that.
Keep you posted here as price develops!
Also please join me at market open (9:30 AM EST) where I will be trading live on stream here on TradingView and taking trades, analyzing charts, and having fun with our awesome community.
Happy Trading :)
Ford - Daily Analysis and Why I love my job.. and this communityThank you to everyone who has followed, shown support of any kind with a boost or a message - I love doing this day in/day out and there's nothing I love more than people gaining from my experience and knowledge. So just a massive thank you to all who gain anything from my videos (and live streams) and I am excited to continue to build this community together with you all!
As for Ford, we could see our necessary buying algorithms being activated right now but will initially need to see orange more tapered acting as support and from there green stronger continuation holding price to break us out of yellow and magenta.
First things first, we need to break out of our current strong selling algorithm, Orange, in order to attempt a retest of yellow and magenta.
Please join me tomorrow at market open (9:30 AM EST) where I will be trading live on stream here on TradingView and taking trades, analyzing charts, and having fun with our awesome community.
As always, feel free to comment or DM me with any questions, thoughts, or requests of charts to analyze.
And most importantly (even though it's the weekend),
Happy Trading :)
META - Exciting opportunity this week! THE GOLDEN WEDGEWill we see the first ever (Coined in this video) golden wedge this week!? It's a huge part of my trading and a great way to identify a breakout incoming - especially on a stock like META where volatility and volume is huge on a daily basis.
The Golden Wedge is basically when price uses our strongest controlled selling algorithm (Magenta here) to build liquidity and this acts as support to push us back into our less strong controlled selling algorithm (Teal here). Once that happens, we'll see teal acting as support and proving sell-side tapering (meaning buyers have regained stronger control and have dug deep enough to make a move higher). The wedge happens in between the resistance of the top of our strong selling magenta and the support of the bottom of our weaker selling teal.
Look forward to seeing you all there if/when it happens - and if not, we are still prepared for other trades as we have the proven algorithms and now just need to see where price goes and who is in control entering the trading week.
Please join me tomorrow at market open (9:30 AM EST) where I will be trading live on stream here on TradingView and taking trades, analyzing charts, and having fun with our awesome community.
And as always,
Happy Trading :)
PDD - We've seen this exact PA before! Making sense of itThis is no surprise to anyone who's been watching and understanding my analysis videos, specifically on PDD. Our strong controlled selling magenta algorithm took control of price and tapered purple did not act as resistance as bulls would have hoped. Rather, similarly to price action in the past, we found support on our blue tapered controlled buying whereas bears subsequently pushed price into a deeper liquidity build for bulls.
We will now be looking for magenta to continue to build liquidity with purple tapered to gain support of price in order for bulls to activate any sort of buying continuation.
When purple taper starts to control price, we can begin to look for bullish PA back into previous highs and there we can expect large and consistent gap moves upward.
Hope this was helpful and that you're all enjoying the weekend!
Please join me tomorrow at market open (9:30 AM EST) where I will be trading live on a stream here on TradingView and taking trades, analyzing charts, and having fun with our awesome community.
And as always,
Happy Trading :)
AAPL - Technical Analysis SIMPLIFIED! Here's what will happenThis is as straight forward of my teachings as it gets - you can clearly see what needs to happen in order for us to attempt all time highs - and that begins with a retest and break of our teal strong selling algo, preferably lining up with a $187 break (strong liquidity levels and many bears present).
You can trade this intraday fairly easily using yellow strong continuation as your support and green tapered buying continuation as your potential resistance.
One thing is forsure - we will need Yellow strong buying continuation channel to hold price if we want to break out of teal. We've seen that in the past and we're seeing that again now.
Hope this was helpful!
Happy Trading :)
PDD - Update and what to look out for as we approach crucial PAAre buyers or sellers in control? We'll know very quickly within the next few days - if we use magenta strong controlled selling to build liquidity and then gap up above purple tapered, we'll know bulls are. However, if blue tapered controlled buying (the algorithm that has built liquidity for the bears over and over again prior to massive drops) holds price, we will need to reanalyze and take it from there.
Hope this was helpful as this stock has the ability to MOVE! We want to be ahead of it and be prepared for the next big one - either bullish or bearish.
Happy Trading :)
AMD - Another update and explanation of why and how:In this video, as i've been showing in the past analysis videos, I explain why we're moving the way we are and what we need to see in order to take a confident long position. Basically, when is this "downtrend" or what I prefer to call it "controlled selling" going to end so that bulls can take control again.
Happy Trading :)
TSLA - Mid & Post Trade Analysis - Why did this breakout happen?As you'll start to catch on, when we look at the market as "who is in control" then it's only a matter of time before that side takes control and then all that we have to look for is WHEN they will take that control and break out of the control.
Here, we saw TSLA was conforming to its' controlled selling channels and we had a perfect bounce yesterday where the bottom of our controlled selling channels wedged with our buying continuation channels.
Stay tuned for further analysis like this one so that you won't miss the next breakout!
Happy Trading :)
AAPL - Hovering around strong liquidity levels- Updated Analysis174 will be a huge level for buyers to kick in and activate the stronger buying algorithms needed to take us out of our current teal and orange selling channels. As we've seen in the past, this $174 level has brought in tons of buyers and kicked off our previous move to ATH's.
In addition, more immediately we have the $180 level that is old-resistance turned support and if we drop below this level, I expect a retest of minimum bottom of orange channel and ideally, to gain as much liquidity for buyers as possible, a retest of that $174 level.
Keep you posted with analysis as price continues to develop!
Happy Trading :)
RILY - Updated Analysis - Still holding the taper!Here's what to look out for in order to fulfill our breakout dream and trap all the short sellers (and yes, there are a lot of them). As long as our teal tapered selling holds, we know buyers are still in control and just waiting for the wedge with our stronger selling magenta channel to break loose.
Stay tuned!
Happy Trading :)
AMD - Our short SMASHED! Buyers in fact needed liquidity builtWe predicted this liquidity build by the buyers using our controlled selling orange channel. This morning off of strong selling volume, we gapped down towards the bottom of this channel and are now looking to see how takes control. Can buyers utilize green contination to break us out of orange selling? OR will we see purple tapered controlled buying being utilized by sellers to build more liquidity to then sell off further. Stay tuned! Happy Trading :)
NXE - Good earnings could lead to big profitsI like this chart a lot. Definitely a few resistance zones to watch out for above us (i.e green top of green tapered buying channel that has bounced us a few times) but we are within our strong purple buying continuation channel which is exactly what is needed to take us out of this resistance level.
We are also digging at the bottom of our controlled selling yellow channel with support from purple and teal continuation - so with good earnings expectations this could be a good level to enter at.
As always, will keep you posted once news is released and price continues to develop!
Happy Trading :)
ASO - Clear Analysis and what to look out forWe have our proven controlled selling algorithms taking control of price after closing a HTF cup. We are looking for some liquidity to be built within these teal and orange selling channels and for support to be found at our buying continuation channels of magenta and green.
We are waiting for an initial break of orange strong selling to then retest teal tapered selling where as we can see a further breakout take place.
Hope you're enjoying the long weekend and
Happy Trading :)
AMZN - Update - IH&S building further liquidity for large BOWe are selling in a controlled manner within our teal channel - we broke out this morning initially of that channel and are now looking for bulls to continue to build liquidity within this channel before a larger breakout.
See you there!
Happy Trading :)