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EUR/JPY Short, GBP/NZD Short and USD/CHF ShortEUR/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/NZD Short Minimum entry requirements: • 4H risk entry. or • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. USD/CHF Short Minimum entry requirements: • 1H impulse down. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
1
#ES_F Day Trading Prep Week 10.06 - 10.11Last Week : Sunday Globex held the Edge after open which gave us an attempt at above VAL into Mondays RTH Close. We pushed above the distribution balance, consolidated under next ranges VAL and sold back to Balance low. We spent the whole week filling out that area under the Edge with sells into VAH but we never got clear acceptance under 730s which is what was needed for any more downside from there, instead we would look under distribution balance low and come back towards the middle. After getting no continuation lower we got short covering on Friday before the weekend which drove prices back to balance top with a close over the Edge. This Week : Close over the Edge could be seen as strength and could bring in more buyers if we hold over it or at least over 780s, but we have to be careful over 800s because until we accept over VAL and start transacting inside next ranges Value then price may want to keep coming back inside and under the Edge of current HTF Range which is 5772 - 5650+/-. If we do get a push above but again fail to hold/get over VAL then we would look for a return back into the Edge and from there possible sells into the Supply towards balance low/VAH. IF we do return back into/under the Edge and will have enough supply built up which may take some time this week to built up we could attempt a push into lower Value and that's an IF as we may have another sort of inside week inside the distribution balance. For strength to come in and start thinking of higher prices from 800s we would need to start holding over the Edge and start transacting over VAL over 830s until then we can stay around distribution balance building Supply to bring back inside lower Value cost basis to fill the buyers there, may still need time to build up for that. Until then balance.
CME_MINI:ES1!
by HollowMn
$QQQ Longer ViewpointNASDAQ:QQQ is lagging behind AMEX:SPY and has not reclaimed ATH ' yet .' Looking at the weekly time frame, we can note that NASDAQ:QQQ has been bouncing off the trendline that started back in JAN 2023. It has touched and bounced off that trendline 3x so far: -MARCH 2023 -OCTOBER 2023 -AUGUST 2024 Each time it bounced, it ran for approximately 100pts + and took roughly 124 - 140 days before consolidation and/or a correction / retracement / pullback occurred. From a technical standpoint, NASDAQ:QQQ will attempt at All Time Highs (ATH) at $503.52 again. We have to be conscience of the divergence between AMEX:SPY and $QQQ. AMEX:SPY has already made a new ATH while NASDAQ:QQQ is lagging behind. If ATH is broken on NASDAQ:QQQ and price move similarly to the last two weekly trendline bounce, then price could reach $528 and some change before possible consolidation and/or a correction / retracement / pullback occurred with a timeline of around mid-December. Failure to reclaim and/or break ATH can cause NASDAQ:QQQ to return back to the trendline. This is NOT financial advice but an opinion.
NASDAQ:QQQ
by SADnation
$SPY OVERIVEW ON THE MONTHLY TIME FRAMEAn overview of AMEX:SPY from a technical standpoint. This does not include any fundamental / economical consideration. AMEX:SPY has been in this rising channel since 2020. Each wave / rejection from the trendline / channel caused a 10 - 12 month directional move 100pts +. AMEX:SPY is at the top trendline / channel again. Could see an upward continuation of price in an attempt to hit $600. Failure to break through $600 could start the retracement / correction / pullback over the next 10 - 12 months back to the bottom of the channel / trendline. This would put AMEX:SPY at around $500, give or take 20 - 40 pts. This would be in alignment with what some of the more well-known analyst / economist has been stating about 15/20% correction. Reason for the margin of error is the last two waves moved an avg of 140 pts. $500 is a key level psychologically and from an algorithmic point of view. $600 is also a key psychological / algorithmic level as well. If there is a break of this level, market could see another 20 - 40 pts topside move before consolidation and then possible retracement / correction / pullback. This is NOT financial advice but merely an opinion.
AMEX:SPY
by SADnation
1
NOTHING !!As I mentioned last year, Bitcoin could return to its peak, and it has. Now, as you can see, Bitcoin is in a cup and handle pattern on the weekly timeframe. This can be an incredibly strong signal for a price increase. If the breakout happens, Bitcoin's price could reach $125,000 in the new year, which is not far-fetched, just like the AB=CD pattern. previous Analysis ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
4
BTCUSD : Why BITCOIN Remains Bullish and Its Next Potential MoveI still haven’t changed my mind that Bitcoin should reach $73,000. Now let’s analyze this technically. Recently, Bitcoin managed to break out of this triangle sharply and reached above $66,500. However, after that, we faced a short-term correction that reduced the price to around $60,000. Now, the price can increase strongly, break the head and shoulders pattern, and eventually reach the top of the megaphone. important patterns: Butterfly Pattern, Megaphone Pattern, Head and Shoulders . ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
NZD/JPY Short, AUD/JPY Short and CAD/CHF ShortNZD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. AUD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. CAD/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Short
by StewySongs
1
#ES_F 9.29 - 10.04.24 Distribution Continues ?Last Week : Last week market opened and failed to get under VAH during the Globex session, we needed that to see more weakness from previous week. Instead we push back inside the Edge and started balancing above most of the supply which brough stability. We got a mid week Globex stop run into next unexplored Value which couldn't hold when Volume came in closer to RTH and it flushed back towards the Edge where we balanced above into the week end. This Week : Friday finished with a break back inside the Edge with a few days of Supply above. Sellers are at and above the Edge, holding under 5810s puts us in 5790 - 40s Range which with Supply above could give us fills back Inside/Under the Edge. Needs to be holding above Edge and 5810 areas for a change and acceptance in 5790 - 5830s Range.
CME_MINI:ES1!
by HollowMn
CAD/JPY Short and CHF/JPY ShortCAD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of inflection. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. CHF/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of inflection. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs