S&P 500 Index. Will there be a buyer?On the daily chart, the price interacted with the lower boundary of the sideways range on decreasing volume. The buyer has not yet made a strong presence.
On the hourly chart, a buyer's zone has formed at the lower boundary of the sideways range.
It is more favorable to seek short positions from the daily candle of October 19, 2023, as previously mentioned. Local sales can also be considered after the seller's protection of 4238.4 or 4259.2. Targets are 4217, 4204, and possibly an update of local lows. One should observe how the price passes through the buyer's zones.
Local purchases can be sought upon the resumption of the buyer from the buyer's zone at the lower boundary of the sideways range. Protection level 4217.4 or 4204.3. Targets are 4238.4, 4259.2."
Good luck in trading!
Disclaimer:
This case study is for educational purposes only and does not constitute investment advice or recommendations.
The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
Demand Zone
BTCUSDT. The buyer is currently stronger.The daily candle on October 22, 2023, closed above 29695, making it more favorable to look for long positions at the beginning of the week. As a result, on the daily chart, the price has effectively exited the sideways range.
As long as the price on the daily chart remains above the boundary of the range, it is preferable to seek long positions, assuming that the buyer will defend the exit from the sideways range. If the price on the daily chart returns to the range, it becomes more favorable to look for short positions after protecting the upper boundary of the sideways range.
On the hourly chart, there is an ongoing long-term trend. Long positions can be considered upon buyer protection of their areas of interest in the last impulse, such as 32500 or 31804. If the buyer shows a new impulse, long positions can be sought from the buyer's areas in the new impulse. Sales are advisable to consider only when the price on the daily chart returns to the sideways range.
Good luck in trading!
Disclaimer:
This case study is for educational purposes only and does not constitute investment advice or recommendations.
The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
Bullish Trend Perspective
Weekly analysis indicates a sustained bullish trend for EURUSD.
Trading Strategy:
Monitoring the 1-hourly chart for a potential Bullish Bat Pattern with an entry point at 1.0533.
Cautionary Note:
It's crucial to observe that point C touches point A in the formation of the Bat Pattern. This warrants caution and prevents me from placing a pending order to engage the trade.
Remember to conduct your own due diligence and manage risks appropriately. Happy Trading!
S&P 500 IndexOn the weekly chart, there was a sideways range from which a trend emerged (two impulses). Price returned to this sideways range five weeks ago, and no weekly candle has managed to close above the range boundary. There is a high probability that the price will test the lower boundary of the range at 3636.
On the daily chart, the price is within a sideways range, and after manipulation at the upper boundary of the range at point 2, the price reached the lower boundary. After interacting with the price at 4204.3, it may be possible to assess the presence of buyers.
Sales can be considered from the daily candle on 19.10.2023, which serves as protection against exiting the range at the upper boundary of the daily sideways range. For example, when the level at 4278.6 is protected by sellers. Alternatively, sales can be considered after breaking below the lower boundary of the range (4204.3) and protecting the breakdown by sellers.
Buying opportunities can be sought after buyers appear and protection occurs at level 4204.3.
Good luck in trading!
Disclaimer:
This case study is for educational purposes only and does not constitute investment advice or recommendations.
The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
PancakeSwap CAKE - The Road to $150PancakeSwap is the place you trust when it comes to swapping your AltCoins.
Its symbol: CAKE ( CAKEUSD , CAKEBUSD , CAKEUSDT ).
If you take a look at this one, it's a no-brainer.
Things are looking up.
Although the Crypto Markets have been smashed lately, the Sun will shine on almost all projects.
And I intend to be ready. Got myself a portfolio and adding gently to it on most big dips.
HODLing requires patience, but time passes anyway, so might as well do something with it.
My next buying point is: $1.2 .
So, let's ramp things up with some awesome CAKE Trade Idea.
CAKEBUSD Technical Analysis:
* Elliott Wave Impulse: Cycle a (white)
* A-B-C Elliott Wave Correction: Primary A-B-C (red)
* Ending Diagonal in Primary C (red)
* Bullish Divergence
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension of Primary A &B (red)
* Demand Zone
* Double Bottom
Early '23 I'm expecting a start of a greater cycle.
Good luck HODLers!
E-MINI S&P 500. Education. Situation analysisIn keeping with the idea outlined in the linked post, I wrote about the possibility of an aggressive short trade from the 4340.75 defense. Such an opportunity did indeed arise. Explanations for the diagram.
After the seller defended the level, the price updated the local minimum, which means it reached the mandatory target for a short trade. Since the deal was considered aggressive, it had no further development.
Then the price reached another level of 4351, and from the protection of this level by the seller, a full-fledged short movement began
Good luck in trading!
Disclaimer:
This case study is for educational purposes only and does not constitute investment advice or recommendations.
The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
Following H4 demandPrice is reacting to H4 demand, the goal is to follow it.
If it breaks this level, it will increase the chance of a deeper pb on the daily timeframe. If that's going to happen, I believe it should be during major high impact news, such as CPI next week.
THIS IS NOT FINANCIAL ADVICE!
XAUUSD Possible tradesHi Guys I'm back with Analysis on Gold this time.
Last Friday gold touched major supply zone around 1930 and started selling off. It was a perfect opportunity since we had a supply area + trendline, a perfect confluence. Now we could wait for the area to be tested second time and upon reaching there make sure you get the confirmation in lower time frames.
Below the current market price we have multiple areas of demand which the immediate one is 1907 that has been tested once on last Friday and this could be the second time. Again make sure you check for the confirmation in lower time frames.
Beneath our immediate demand level there are other demand zones which you could take trades should price reach there.
Just like always I'll try to keep it simple.
Be honorable
POSSIBLE TRADESHere are possible BTC trades which could be taken. At the extreme point we have an supply area which has been tested once and strong rejection is an indication of major sellers there. next time the price gets there we could take a short for the second run.
Below the current market price we have multiple demand levels which could be potential places to go long. Our immediate demand level has been tested many times already and taking a trade upon this level requires more insight which could be evident provided that you check lower time frames.
Lower demand levels could also turn into lucrative opportunities to go long. Just make sure you have those areas on your chart and upon reaching act based on your own entry setup.
Be Honorable
XAUUSD ↗️↗️ Demand zone+ oversold Hello Everyone 🙋🏽♂️
As we could see the price hit the demand zone with an oversold on the RSI, with a Bullish Doji Star . Strong buy .
in my opinion 🔴 Stop loss 1800
🟢Take profit 1 1850
🟢Take profit 2 1900
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
AUDNZD I Strong Demand Level AheadWelcome back! Let me know your thoughts in the comments!
** AUDNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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NZDUSD: Failing Order Block ❌Price is quickly approaching the main order block/demand zone and buyers will begin scaling in shortly. Personally, I believe price is going to completely disregard this demand and collapse straight through it. With this thesis, we could potentially look at selling into the liquidity sweep from this region.
AMD opening @ reversal zone with max dip ~97-98Watch AMD for a bounce at 97 on a market open fakeout.
I already alerted puts (bearish) @ 108 and the stock is already down -8%. That's a large gain in 3 days. Watch for key reversal. If it doesn't reverse, can see a lot of volatility.
Tagged the puts idea.
👀 AAPL very close to support, medium risk swing hereWill be looking @ NASDAQ:AAPL for a medium-risk swing here.
Currently sitting on demand zone. Looking for an easy bounce back to 174 then will re-evaluate. Either way, if it bounces back to 174, it would be testing "breakout" of that trendline.
Normally, though, that trend line rejected from today is an indication that the trend line is valid and price should continue in the direction. I'm digging the demand zone here; hence, medium risk.
Welcome to follow for more. I'm all over all the NASDAQ:AMD NASDAQ:AAPL NASDAQ:TSLA NASDAQ:QQQ AMEX:SPY NASDAQ:NVDA CME_MINI:NQ1! CME_MINI:ES1! charts everyday.
💯 AMD not a lot of sell pressure down here. Watch itFor a swing I'll try to get a good entry on AMD. I've been trading it up and down for 2 weeks now. See my ideas. At 108 I said it should get rejected and fall back to support. We are at 103.XX now. I ideally want 99-101 for a long entry but I don't think there's too much selling pressure here anymore.
Watch it above 104.60 for a breakout.
We all see the flag on AMD daily chart:
Follow and like this idea for more insights. Welcome to join my community! Thanks for reading.
🔥 TSLA safe swing at demand zone and trend (max dip 2nd TL)I normally don't swing anything in a choppy market, especially with a giant head and shoulders signal on the daily NASDAQ:QQQ AMEX:SPY charts:
However, the NASDAQ:TSLA chart shows two potential trendline supports forming. Both are valid trends. The blue one is a bit more recent, so the price will react here, possibly to 260/ 278.
In the event that NASDAQ:TSLA shows some weakness, get ready to #buythedip @ the white TL. That's super strong support and would be a 3rd touch bounce.
Targets 260 and 278 at first.
Of course, I day-trade NASDAQ:TSLA NASDAQ:AMD NASDAQ:NVDA everyday, welcome to follow and see what I post.
Stay tuned for more fire content.
AMD @ flag trendline & 200 SMA. Next major demand zone 85 to 88If you remember my post from earlier this/ last week, my max dip on NASDAQ:AMD short term was 96-97. This is exactly where we're opening today. Expecting a small reversal that which the strength of will wholly depend on CME_MINI:ES1! CME_MINI:NQ1! AMEX:SPY NASDAQ:QQQ
200 SMA bounces are usually very strong. When price starts heading below this SMA, you should start to be cautious. Of course, sometimes there's a mini fakeout under the SMA and right back up.
Watch this critical level here.