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Dollar Index Consolidation: Will NFP Trigger an Upside Breakout?Since its recent touch on the support zone back in August, the U.S. Dollar Index ( TVC:DXY ) has entered a period of consolidation, characterized by multiple attempts to break through this critical support level. Despite several instances where the price briefly dipped below the technical support zone, each time, the market witnessed a strong reversal, with bulls stepping in to defend the level successfully. From my perspective, we are nearing a potential upside reversal, and the upcoming Non-Farm Payroll report on Friday could serve as the catalyst for this move. Currently, 102 is the key level to watch for confirmation of an upward breakout. Should the DXY break above this threshold, the next reasonable target would be around 104, marking a significant bullish shift in momentum.
TVC:DXYLong
by Mihai_Iacob
15
Bitcoin Enters ‘Uptober’ After Exiting Q3 Flat: What to ExpectCrypto traders are keen to see another ‘Uptober’ — a term coined by the community to describe the outsized gains in Bitcoin prices for October. Historically, in eight of the last 11 Octobers the original cryptocurrency has pulled ahead big time. So what’s it gonna be this time? There’s a lot to unpack — let’s ride. Bitcoin prices BTC/USD signed off for September at just over $63,000 per coin, with a modest (by crypto standards) 8% rise . But if you zoom out to wrap up the third quarter, you’ll see that prices stayed flat, tight-lipped and straight up boring. Bitcoin barely realized a gain — it went up by less than 1% for the September quarter but seesawed like there’s no tomorrow. In true crypto fashion, the fire-breathing beast feeding on volatility went as low as $49,600 and as high as $70,000 — a wide gap of 40% from top to bottom. All who’ve been in crypto long enough are familiar with the stomach-churning volatility that can make even the most disciplined traders doubt their choices. Speaking of volatility, traders are now bracing for what’s historically shaping up to be a solid month for Bitcoin gains. October, dubbed by crypto faithful as “Uptober,” is already here and brings with it a whole new wave of expectations. Here’s why that is: October 2023 — Bitcoin was up 27% . October 2022 — Bitcoin was up 6%. October 2021 — Bitcoin was up 40%. October 2020 — Bitcoin was up 30%. October 2019 — Bitcoin was up 10%. October 2018 — Bitcoin was down 5%. October 2017 — Bitcoin was up 50%. October 2016 — Bitcoin was up 15%. October 2015 — Bitcoin was up 38%. October 2014 — Bitcoin was down 12%. October 2013 — Bitcoin was up 69%. What you see is that October performance is a thing — traders are already on the edge of their seats in anticipation of the next leg up. But before that, there’s a mosaic of data that needs to pan out. Nonfarm payrolls (NFP) data (drops October 4): The good old jobs report will show how many new workers joined the US economy in September. Fairly low expectations this time — Wall Street is eyeballing 144,000 new jobs, about the same as the previous month . The NFP figure will be complemented by the unemployment rate, expected to stay flat month-on-month at 4.2%. Consumer price index (drops October 10): US inflation is another big report that is likely to shake up the crypto landscape . For September, prediction gurus expect inflation to keep moving toward the Federal Reserve’s 2% target from an August clip of 2.5% . Lower inflation is good for solidifying prospects of interest rate cuts. And that is super good for the broader investment world, cash flows and overall liquidity across markets. Retail sales (drops October 17): retail sales are a solid measure of consumer spending. The more people buy expensive watches and things they don’t necessarily need, the better reading this report will carry. In other words, a strong retail sales figure will breathe more confidence in investors looking to jam cash into risk assets (yes, crypto included ). All that good stuff is likely to shape the trajectory of Bitcoin prices. But — and maybe even more important in the long run — these three data dumps will help the Federal Reserve decide if it’s a good idea to chop down the interest rate and how much, following the super-sized 50-bps slash . Rate moves and broad monetary policy decisions are likely to have an impact on Bitcoin, which has been increasingly sensitive to macroeconomic winds. For the technical minds, there is an interesting technical analysis pattern that might be worth looking into. A descending parallel channel is in the works, tracing its origins back to March 14, 2024. Fun fact: that’s the all-time record high for Bitcoin when prices peaked at more than $73,000 a pop . Since then, prices have been gradually losing their momentum, painting lower highs and lower lows. The latest bottom (September 6), which has provided enough resistance for a solid bounce, is sitting at $52,500. The next potential leg up is expected to take the price all the way up to around $67,000 in the short term, while the next potential leg down could pressure prices to a fresh low of $51,500 in the medium term. As traders set their sights on "Uptober," excitement is in the air, but it's not all confetti and moon rockets. October has a track record of delivering some big numbers, yes. But keep in mind that it’s not just a monthly performance number — behind it is an underlying force that has powered the price. So, should you blindly trust in historical performance? You could. But more importantly, you’ll likely be better off by preparing for what’s coming.
BITSTAMP:BTCUSD
by TradingView
14
GOLD is Setting Up For LONGS! Prepare to BUY!Price is pulling back to the Daily +FVG, which is nested in the Weekly +FVG, which is intersected by the Swing High. Three strong confluences for a high probability LONG. Be patient, look for price to contact the POI, and then let your valid buy setup form. Let the rest unfold. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:GC1!Long
by RT_Money
20
Nvidia - Consolidation Before -50% Drop!Nvidia ( NASDAQ:NVDA ) is preparing for the correction: Click chart above to see the detailed analysis👆🏻 Nvidia is still creating pretty clear market structure and price action and therefore there is no reason to change direction or opinion. Following the previous cycles, a correction of roughly -55% is likely and Nvidia's recent consolidation is a first strong sign of bearish weakness. Levels to watch: $120. $60 Keep your long term vision, Philip (BasicTrading)
NASDAQ:NVDAShort
by basictradingtv
48
The TradingView Show: Interest Rates and AI with TradeStationJoin us for our newest episode with David Russell , Head of Market Strategy at TradeStation . We’ll dive into the current market landscape, covering all of the following topics for traders: 1. Market Trends: We’ll provide detailed insights into major stocks and bullish market trends, focusing on META, NVDA, and the evolving landscape of Chinese stocks. Discover how hedge fund managers are navigating these markets and uncover other significant movements you might be missing. 2. Index Review and Interest Rates: Our analysis will dive into macro trends affecting the SPX and NDX, exploring the importance of major indexes. We’ll discuss how rising interest rates are influencing market behavior and the broader economic implications for investors. 3. Commodities: Get the latest updates on oil, especially in light of recent production cuts that are impacting prices globally. We’ll also discuss gold and silver prices, examining why gold has achieved an all-time high while silver remains undervalued and what that means for future trends. 4. Cryptocurrency: Take a closer look at Bitcoin’s recent performance. We’ll explore whether it is on the verge of forming a significant new trend and what factors are driving its volatility in today’s market. 5. Housing Market: Analyze current trends in the housing market and what lies ahead, especially as they relate to rising interest rates, advancements in AI, and productivity improvements. This segment will provide essential insights for anyone interested in real estate investments. And much more! We encourage you to ask questions and share your feedback in the comments. Now, some important links for you to explore and read: Explore TradeStation ideas on TradingView here: www.tradingview.com For important disclosure information regarding options, ETFs, and more, please visit: 1. www.tradestation.com 2. www.theocc.com 3. www.tradestation.com Thanks for watching and we'll be back live next month!
NASDAQ:NVDA
by TradingView
1
Bitcoin: 70K Objective Within Range.Bitcoin has pushed beyond the 64K resistance but is now hesitating with the appearance of an inside bar. If the high of the inside bar is cleared, that would be a momentum continuation signal which can see price push into the 67 to 69K resistance. If the low of the inside bar is cleared, a retrace can unfold which can take price back into the 63 to 64K area (old resistance/new support). The key to navigating this is WAITING for confirmation and having your parameters and expectations predefined. Reacting to market events is typical retail behavior most often a mistake. The illustration on my chart shows the scenario that I am anticipating over the coming week. (See my previous articles to see these play out). While there is NO way to know if price will follow this path, IF price action confirms, this scenario has a greater probability. I am able to identify these opportunities from carefully evaluating TREND and SUPPORT/RESISTANCE levels. I am simply FOLLOWING what the market is implying through price. I don't have to get overwhelmed with "fundamentals", and "news" and other propaganda because price factors in ALL the known information in the world in a given moment (Efficient Markets). If you understand this concept, it then becomes much easier to recognize opportunities and most importantly measure the associated RISK. The arrow on my chart points to a predetermined price area (63 to 64K) to watch for If reached. This would be the lowest risk/highest probability point if confirmation appears. Ideal for swing trades especially where reward/risk can reasonably be 2:1 or greater. The reward/risk component depends on how you define risk at the time of the signal (this is what I use Trade Scanner Pro for). You can also use the next support level or candle stick low which is better than nothing. What is also compelling about this situation is the changing interest rate environment. While the change will not have an instant to the moon effect, it will offer a more supportive environment over time. This will be ESPECIALLY important during pullbacks when support levels are tested. This charge also calls for a closer look at low priced small caps/alt coins because they are poised to benefit from the increasing money supply resulting from lower rates. NOW is the time to be looking to invest, NOT at all time highs. I will be talking more about this soon as well. How you use this information will mostly depend on your decision making structure. A seemingly more bullish environment does not guarantee trades/investments will work out. Although it does provide for a more forgiving market. Know your RISK before you enter any type of position and this can be defined by using information straight from your chart. For example if Bitcoin confirms a long at 64K, I automatically know risk on this time frame can be at least 1 to 2K points. From there, a profit objective and sizing regime can be worked out. If you are not this organized, do NOT risk real money until you have some kind of management or decision making structure in place. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
21
Downside Targets for CHF/JPY Amid Waning Swiss Franc AppealMarket Overview CHF/JPY is facing downward pressure as demand for the Japanese yen rises, coupled with the Swiss National Bank’s decision to cut interest rates to 1%. The Swiss franc has lost some of its allure as a safe-haven currency, while the yen is gaining traction due to increased risk aversion in the market. Technical Analysis CHF/JPY has reached a key support level at 168.676. Should this level be breached, downside targets include 168.170, 167.921, and 167.454. Both MACD and RSI indicators confirm selling pressure and suggest a continuation of the bearish trend. Conversely, if buyers manage to break through the resistance at 169.898, this could signal the end of the current downtrend and the potential for a bullish reversal.
Short
by Errante
2
WTI Oil H4 | Falling to 78.6% Fibonacci retracement supportWTI oil (USOIL) is falling towards a swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 67.14 which is a swing-low support that aligns with the 78.6% Fibonacci retracement level. Stop loss is at 65.00 which is a level that lies underneath a swing-low support. Take profit is at 72.15 which is a multi-swing-high resistance that aligns close to the 61.8% 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.
FX:USOILLong
by FXCM
5
Tesla: “We, Robot” Taxi of the FutureTesla has been in the spotlight in the U.S. stock market, driven by its remarkable performance in 2024 and its ability to adapt to changing market conditions. Tesla shares have shown recent growth of 2.45%, remaining a key player in the technology sector, even as the market's focus has begun to diversify beyond tech giants. Looking at last year's earnings progression in December versus this year's performance, Q1 2023 vs. 2024 earnings performance was clearly lower in the current year, Q2 2023 vs. 2024 was more positive than last year. The main catalyst for the company is the impending release of Q3 delivery figures, which are expected to be announced on October 2. Analysts anticipate that Tesla will report approximately 462,000 deliveries, which would represent a 6% increase compared to the same period last year. This growth is largely due to increasing demand in key markets, such as China, where government subsidies have helped boost sales. In addition to deliveries, Tesla is preparing to unveil its Robotaxi on October 10, at an event that promises to revolutionize the future of autonomous vehicles. Elon Musk has raised expectations by describing this launch as the most important since the unveiling of the Model 3. While Tesla has been a pioneer in the electric vehicle market, in the field of robotaxis it has lagged behind competitors such as Waymo, the Alphabet subsidiary, which currently leads the industry in the U.S. with more than 100,000 weekly trips in cities such as Los Angeles, San Francisco and Phoenix. Despite the enthusiasm, many analysts suggest tempering expectations, as mass adoption of robotaxis is likely to take at least a decade due to regulatory hurdles and safety concerns. According to experts, Tesla must demonstrate concrete technological advances and provide a clear vision for the scalability of its robotaxis in the U.S. market. Meanwhile, other companies, such as Baidu in China and Cruise in the U.S., are also making progress in developing autonomous driving. Although the road to a large-scale robotaxi market is long, this sector is expected to grow significantly in the coming years, with Tesla and Waymo as key players. In terms of its financial performance, Tesla has a solid “financial health score” of 3.0 out of 5.0, according to AI-backed model evaluations. This highlights its robust fundamentals and dominant position in the electric vehicle sector. However, the company also faces pressure from inflation and a challenging economic environment, which could affect consumer spending. The next few weeks will be crucial for Tesla. Investors will be watching for third quarter financial results and how the company responds to increasing competition and market conditions. Tesla's success depends not only on its ability to innovate, but also on its ability to navigate a rapidly evolving landscape in both electric vehicles and autonomous driving. Looking at the technical side, currently the RSI at 67.67% slightly overbought may extend above the channel its move in the direction of $275-$300 per share, recovering prices from June last year. I feel this a cyclical company it is possible that we may see a sharp correction subsequent to $185 if results do not match expectations which should match those of the previous quarter, according to prior years data. In summary, Tesla is at a crossroads where its ability to grow in the future will depend on how it adapts to market challenges and its ability to maintain its status as a leader in the electric vehicle industry. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
NASDAQ:TSLALong
by ActivTrades
2
Five Market Correlations You Can UseAs a trader, I've discovered key market correlations that provide valuable insights. Here are 6 you can use: 1️⃣ US Dollar Index & Commodities (DXY & Commodities ): The US Dollar Index often moves inversely to commodities like gold and oil. Monitoring this correlation helps gauge potential moves in commodity prices based on the USD's strength or weakness. 2️⃣ S&P 500 & Volatility (SPX & VIX): The S&P 500 and the VIX (CBOE Volatility Index) exhibit an inverse relationship. A rising VIX indicates higher market uncertainty, influencing my risk management decisions when trading the S&P 500. 3️⃣ Bond Yields & Currency Pairs (BondYields & Forex ): Strong correlations exist between government bond yields and currency pairs. Higher bond yields may lead to a stronger currency, and vice versa. This correlation helps in forex analysis and trade setups and we use it in our program's bias matrices. 4️⃣ Crude Oil & Transportation Stocks (CrudeOil & Transportation ): Crude oil prices and transportation stocks, like airlines and shipping companies, often move together. Understanding this correlation provides insights into both oil demand and economic trends. 5️⃣ Gold & Real Interest Rates (GOLD & InterestRates ): Gold is often influenced by real interest rates (nominal rates adjusted for inflation). When real rates are low or negative, gold tends to perform well as an inflation hedge. 6️⃣ USD/CAD & Oil Prices (USDCAD & Oil ): The Canadian dollar (CAD) is sensitive to oil prices due to Canada's significant oil exports. As oil prices rise, USD/CAD tends to fall, and vice versa. The Norwegian Krone (NOK) also exhibits a similar behavior at times. By recognizing these correlations, I make more informed trading decisions and anticipate potential market moves based on the pre session biases. I also keep a close eye on updated correlation matrices in case any have de-coupled recently. Utilize these insights in your trading arsenal to gain a competitive edge!
TVC:US10YEducation
by AlexSoro
4
How To Reduce Your Risk Before Even Taking The TradeIn an interview Warren Buffet was asked about his investment approach, where he responded by explaining a mental model that he and his business partner Charlie Munger would use when selecting companies to invest in, called the Circle of Competence. When asked about the circle of competence Warren Buffet would often use a baseball analogy to explain it. Where an average baseball player can appear exceptional by simply waiting for the right pitch. In other words in most cases Warren and Charlie would find companies where they have an understanding and experience surrounding the industry which allows them to make an investment decision with a fair amount of competence. By making sure they stay well within their circle of competence they're able to reduce the risk significantly by simply understanding what they're investing in. Although this principle is used quite extensively by Warren and Charlie, it can also be used by you. By simply reducing the amount of instruments you're watching and begin studying the ones you already understand, you automatically give yourself a unique edge while at the same time reduce your risk before you even take the trade. So, as you move into the next and final quarter of the year, be sure to have a look at your watchlist and start refining it to a point where all you're looking at are instruments you understand and are well experienced in. By doing this you'll be able to remain focused and stay in the zone for a lot longer, while all the more reduce your risk long before you even take the trade.
Education
by DeanMuller
4
How to Trade with the Island Reversal PatternHow to Trade with the Island Reversal Pattern Price action analysis serves as a pivotal methodology in financial markets, offering a means to assess and determine the future price movements of various assets, including stocks, currencies, and commodities. Among the many tools employed within this method, the Island Reversal pattern stands out as a significant indicator of potential trend reversals. What Is an Island Reversal Pattern? The Island Reversal is a technical analysis pattern that signals a potential trend reversal. It typically occurs after a strong uptrend or downtrend and is characterised by a gap in price action, isolating a group of candlesticks. The pattern suggests a shift in market sentiment, indicating that the previous trend may be losing momentum. How to Spot an Island Reversal in the Chart To identify the setup, traders pay close attention to the following characteristics, which can manifest in both bullish and bearish market conditions: Strong Trend: - Bullish: This pattern often materialises after a prolonged downtrend. It signifies a potential price change to the upside. - Bearish: Conversely, in a bullish market, the pattern emerges following a sustained uptrend, suggesting a possible change in a trend to the downside. Gap in Island Reversal: - Bottom Island Reversal: In a bullish context, there is a gap down, creating an "island" of isolated candlesticks, indicating a shift from bearish sentiment to potential bullish momentum. - Top Island Reversal: For a bearish reversal, there is a gap up, isolating a group of candlesticks, signalling a transition from bullish to potentially bearish market sentiment. Isolation: - Bullish Island Reversal: The gap is created by an upward movement that is isolated from the surrounding price action, forming the characteristic island formation. - Bearish Island Reversal: In a bearish context, the gap is formed by a downward movement that does not overlap with the previous, creating a distinctive island formation. How to Trade the Island Reversal Traders employing the setup adhere to a systematic strategy for identifying and capitalising on a potential change in a trend. Patiently awaiting confirmation of the reversal through subsequent price action, traders enter the market upon the break of isolation, where the price decisively moves below (for a bearish scenario) or above (for a bullish scenario) the isolated island. Profit targets may be set by considering key support and resistance levels to potentially enhance precision. The placement of stop-loss orders just above or below the pattern is a critical risk management component. Traders carefully assess the risk-reward ratio to align potential profits with associated risks. This holistic approach reflects a commitment to disciplined decision-making, combining technical analysis and prudent risk management in navigating the complexities of financial markets. Live Market Example The TickTrader chart by FXOpen below shows a bearish setup. The trader takes the short at the opening of the new candle below the Island. Their stop loss is above the setup with a take profit at the next support level. The Bottom Line Although the Island Reversal is a popular technical analysis tool, it's crucial to wait for confirmation and consider other technical indicators to potentially increase the probability of an effective trade. As with any trading strategy, risk management is key to mitigating potential losses. Always adapt your approach based on the specific conditions of the market and use the pattern as one of several tools in your trading arsenal. To develop your expertise, open an FXOpen account to trade in numerous markets with exciting trading conditions. FAQs Why Is Risk Management Important When Trading the Island Reversal? The pattern is considered a strong signal of a change in the price direction, but like all technical patterns, it is not infallible. There is always a risk that the pattern may fail to lead to the expected price movement. Effective risk management helps limit losses in case the trade doesn't play out as anticipated. Should Traders Solely Rely on the Island Reversal for Trading Decisions? No, traders always wait for confirmation and incorporate other technical indicators to potentially enhance the probability of an effective trade. The pattern should be regarded as just one of several tools in a trader's toolkit. Is There a Platform Where Traders Can Apply Their Knowledge of the Pattern in Live Markets? Yes, traders can explore FXOpen’s free TickTrader trading platform to trade in over 600 markets and apply their understanding of the pattern in practical trading scenarios. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:AMZNEducation
by FXOpen
4
Dow Made a Parabolic Move: Did You See the Signs? The Dow made an unsustainable Parabolic Arc that is a giant U-shaped pattern on Friday, September 27. Did you see the signs? I missed some of them, which lead to a much closer look at what price action moves lead up to a highly volatile ascent and steep drop that's also known as a "Pump and Dump". The Parabolic move followed typical behaviors that can be seen through price action without needing any indicators. It happened in phases over 3-days, from September 25 - 27: 1. Day 1: A Peak High formed. 2. Day 1 - 2: Valley Low followed. 3. Day 2 - 3: Consolidation between the Peak High and Valley Low. Price action made stair-step moves that created a S&R Zone. Traders also refer to these moves as making multiple bases. An average number of bases is 3 - 4 during a parabolic move. The long consolidation can confuse many traders, including myself, because of no breakout from the Zone happened, especially to the downside. There was strong anticipation for a drop. 4. Day 3: A Triple Inside Day showed up to represent the tight "coiling" action from the consolidation to eventually spring out in an EXPLOSIVE move. The Triple Inside Day pattern that was part of the consolidation was a big giveaway of what's to come. 5. Day 3: A pullback from the consolidation, but was more like a fakeout to trap traders with the Trendbar Reversal, that often leads to no follow through by the bears to really drop. The second, opposing bar within the pattern is a setup for a reversal to the upside. Many traders get fooled by this pattern and drop out at this point, right before the long rally starts. 6. Day 3: Ascending Channel (also called a "Parabolic Channel") formed that is typical after a pullback to the downside before the greater ascent. 7. Day 3: Steep Vertical Ascent with a bullish bar that is 240 tics tall - an Exhaustion Phase. 8. Day 3: Reversal to the downside (that is comparable to or exceeds in length to the steep ascent) from the formation of an Evening Star. The Parabolic move ended with a steep, vertical descent. ______________________________________________ *Citation of Resources: - Jet Toyco - FX Open - Pips 2 Profit - Top 1 Markets
BLACKBULL:US30Education
by beyond50
2
[ES] Has the S&P 500 Finished Its Runup?I doubt it. That move doesn't look like it's done. The general principle that this basic analysis follows is that the market moves in 3s and 5s. Now, that may sound a lot like Elliot Waves and it should. 3s and 5s were Ralph N. Elliot's primary discovery and contribution to the discovery of natural phenomena in markets. That said, it is dangerous to get dogmatic about rules. The same applies to Fibonacci extensions. But when you combine "3s and 5s" and "Fibonacci" you end up with a pretty reliable pattern. When there is a three wave move in progress (which could eventually turn into a five), you can pretty reliably trade that move (up in this case) to the 0.786 trend extension (highest probability), the 1.000 extension (high probability), or it could turn into a five wave move that goes clear up to the 1.618 extension (lowest probability move). It is not wise to be dogmatic about these strategies though, because you have to listen to the market. The market is the CEO of this enterprise, not the lines on your chart. That said, this works better than 50% of the time without question. It's a generally truthism that markets move in 3s and 5s. The challenge comes when it comes to 'wen buy, wen sell.' There is no right answer to that. Sure, the market moves in 3s and 5s, but to take advantage of it requires fluidity and a careful consideration of your (a) risks, (b) 'Bayesian priors" (if you will), and (c) the adjacent future outcomes as the come into view. This is not an endorsement of either methodology. It is merely a demonstration of the veracity of components of those methodologies. Trade well.
CME_MINI:ES1!Long
by FuturesTradeClub
7
Cracking the Forex Code: Trader’s Complete Guide to Market SlangForex is the vast universe of currency pairs floating against each other—sometimes sitting at parity, sometimes shooting for the stars and sometimes just plain nosediving. And because forex has a mind of its own (kind of), it also speaks its own language. This is why this Idea exists—to help you make sense of the jargon by breaking down key terms, phrases, and slang used in everyday forex trading. Let’s get into it! 1. Ask The price the market is willing to sell a currency at. It’s the price you’ll pay if you’re buying. 2. Arbitrage Simultaneous buying and selling across different markets to exploit price differences. 3. Aussie Trader slang for the AUD/USD currency pair. 4. Bagholder Someone stuck holding a losing position long after everyone else has exited. Don’t be a bagholder. (Are you secretly a bagholder?) 5. Base Currency The first currency in a pair (e.g., in EUR/USD , EUR is the base). You’re buying or selling this one. 6. Bearish Expecting the market to fall. Depicts a bear attack—swiping its paws downward. 7. Bid The price at which the market is willing to buy a currency. If you’re selling, this is the price you’ll get. 8. Black Gold A nickname for oil. Watch the price of this commodity—it moves entire currencies. 9. Bottom Fishing Buying a currency or stock at what you hope is its lowest point. It’s risky—sometimes the bottom keeps falling. 10. Breakout When price moves out of a defined range, smashing through support or resistance, signaling a potential strong move. 11. Buck Trader slang for the U.S. dollar. Simple, direct, and everyone knows it. 12. Bullion Physical gold or silver. When traders want the real stuff, they go for bullion. 13. Bullish Betting on the market to rise. Depicts a bull attack—thrusting its horns upward. 14. Cable Forex slang for the GBP/USD pair, named after the old transatlantic cable. 15. Candlestick A visual representation of price movement showing the open, high, low, and close in a specific time period. 16. Carry Trade Borrowing in a low-interest-rate currency and investing in a higher-interest one to pocket the interest difference. 17. Choppy Describes a market with no clear direction and lots of erratic movement. A tough one to trade in. 18. Chunnel Slang for the EUR/GBP pair, referring to the English Channel that connects Europe and the UK. Gotta love that geographical flair. 19. Cross Currency Pair A currency pair that doesn’t involve the USD (e.g., EUR/JPY ). They have a life of their own, not tied to the greenback. 20. Dip A temporary decline in price during an uptrend. Smart traders "buy the dip" to get in. But sometimes the dip keeps dippin’. 21. Dragon The GBP/JPY currency pair. Known for its volatility and wild price swings—trade carefully! 22. Drawdown The loss from peak to trough in your account balance during a trading period. It’s inevitable—just don’t let it take you out. 23. Exotic Pairs Currency pairs that include one major currency and one from an emerging or less liquid market (e.g., USD/TRY ). Exotic in name, but not always in your best interest—volatile and wide spreads. 24. Fedspeak The carefully crafted language of the Federal Reserve. One vague speech from Fed Chair JPow can send markets into a frenzy. 25. Fibonacci Retracement A technical tool to identify possible support and resistance levels, based on the Fibonacci sequence. Traders love these numbers. 26. Fill or Kill A type of order where it must be filled immediately at the requested price, or canceled. No waiting around here. 27. Forex (FX) The foreign exchange market—where currencies are traded 24/5. The biggest, baddest market in the world with $7 trillion moving daily. 28. FOMO Fear of Missing Out. The emotional trap where traders chase the market late—usually leading to bad trades. Don’t fall for it. 29. Fundamental Analysis Analyzing economic factors (e.g., GDP, employment, inflation) to predict currency movements. It’s all about the big picture here. 30. Gopher Slang for the USD/JPY pair. A less common term, but you’ll see it in the trading trenches. 31. Greenback Another classic slang term for the US dollar, referring to the green color of American bills. 32. Hawkish A central bank policy favoring higher interest rates to control inflation. Hawkish policy = stronger currency. 33. Kiwi Slang for the NZD/USD currency pair. Named after New Zealand’s famous bird—not the fruit! 34. Leverage Trading with borrowed capital. It magnifies gains, but it can also blow up your account faster than you think. Use wisely. 35. Liquidity The ease with which a currency can be traded without affecting its price. High liquidity means tight spreads and fast trades. 36. Loonie The nickname for the USD/CAD pair. Named after the loon, a bird featured on Canada’s $1 coin. 37. Lot The size of your trade. A Standard Lot is 100,000 units, a Mini Lot is 10,000, and a Micro Lot is 1,000. 38. Margin The amount of money needed to open a leveraged trade. It’s essentially your broker’s “deposit.” 39. Margin Call When your broker demands more funds because your account can no longer support open positions. Not answering could mean automatic liquidation. New phone who dis? 40. Market Maker An entity (usually a bank or broker) that provides liquidity to the market by always being willing to buy or sell at certain prices. 41. Moving Average A technical indicator that smooths price data over a specific period to identify trends. Think of it as the market’s heartbeat. 42. Ninja Slang for the USD/JPY pair. This one’s fast and stealthy, like a true ninja. 43. Old Lady A nickname for the Bank of England (BoE). When the “Old Lady” speaks, the GBP moves. 44. Overbought When a currency has been bought excessively, leading to a potential reversal. Usually spotted with indicators like RSI. 45. Oversold The opposite of overbought. It means the currency has been sold off too quickly, signaling a potential price bounce. 46. Permabear A trader who is always bearish, no matter what the market does. They believe the sky is always falling. “I knew BTC was going to zero.” 47. Pips The smallest price move in a currency pair. In most pairs, it’s the fourth decimal place (0.0001). Collecting pips is how you build profit. 48. Pivot Point A key level used by traders to identify potential support and resistance levels. Great for spotting reversals. 49. Position Trading Holding a trade for weeks or months, focusing on long-term trends. You’ll need patience for this one. 50. Price Action Trading based solely on price movement, ignoring indicators and fundamentals. It’s all about reading the market’s raw behavior. 51. Pump and Dump A scheme where traders hype up a currency or stock, inflate its price, then sell out for a profit while everyone else is left holding the bag. Sketchy stuff. 52. Pullback A temporary dip or rise in price within a larger trend. It’s an opportunity to buy in or sell the rally. 53. Ranging Market When prices are moving sideways in a tight range, with no clear trend. Boring, but there are still trades to be made. 54. Resistance A price level where selling pressure tends to prevent further rises. If it breaks, a big move could be coming. 55. Rollover Interest earned or paid for holding a position overnight, based on the interest rate differential between the currencies. 56. Scalping A fast-paced strategy that involves making quick trades to grab small profits from tiny price moves. Not for the faint-hearted. 57. Shill Someone who promotes or hypes up a stock, currency, or crypto for personal gain, often misleading others. Watch out for these on social media. 58. Short Squeeze When a heavily shorted asset rises in price quickly, forcing short sellers to buy back their positions at higher prices, fueling the rally even further. 59. Slippage When your trade is executed at a different price than expected, usually during high volatility or low liquidity. 60. Spread The difference between the bid and ask prices. Tighter spreads are better—lower costs for getting into a trade. 61. Stop-Loss An order that automatically closes a trade when it hits a specified loss level. Protect yourself, set that stop! 62. Support A price level where buying appetite tends to prevent further drops. Break below it, and things could get ugly. 63. Swissy Slang for the USD/CHF currency pair. Traders often turn to the Swissy for safety in volatile times. 64. Swap The interest earned or paid for holding a position overnight. Positive swaps are a nice bonus, negative swaps? Not so much. 65. Swing Trading Holding trades for days or weeks to capture short- to medium-term market moves. It’s a balanced approach between day trading and long-term investing. 66. Take-Profit An order that closes your trade automatically when it reaches your target profit. Lock in those gains before the market turns! 67. Tenbagger A stock or currency that increases tenfold in value. Rare, but when it happens, it’s legendary. 68. Trend The general direction the market is moving—either bullish, bearish, or sideways. The trend is your friend—until it isn’t. 69. Volatility The amount of price fluctuation in the market. High volatility means more potential for profits—or losses. Buckle up! (Hint: Anticipate volatility by knowing the market-moving events .) 70. Whipsaw When the market moves quickly in one direction, stops you out, and then reverses back. It’s the ultimate trader frustration. 71. Widow Maker A trade with huge risks that’s known for wiping out accounts, especially when shorting the Japanese yen in a strong trend or betting against the Bank of Japan. And there you have it— the ultimate Forex slang dictionary that prepares you to take a deep dive in the sea of forex trading . Did we catch everything? Let us know your thoughts in the comments!
Education
by TradingView
2
#WLDUSDT Holds Potential for a Massive Rally!Hello everyone, I’m Cryptorphic. I’ve been sharing insightful charts and analysis for the past seven years. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: On this 2-day timeframe, WLD has broken above a key resistance trendline and is now trending above the 21 EMA. With this breakout, WLD is aiming for $2.832, where the first resistance lies. A correction is possible after reaching this level, but in the long run, WLD holds the potential to achieve 6x-7x gains. Key levels: - Support: $1.76. - Accumulation: $1.33 to $1.8. - Initial Resistance: $2.832. - Long-term Targets: $4.56, $6.75, $10.74. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
16
Is a Hang Seng Revival on the Horizon?The Hong Kong Index has faced challenging years since reaching its all-time high in 2018. The downtrend accelerated in 2021, bringing the index to a low of around 15,000. The subsequent reversal aligned neatly with horizontal resistance and the 50% Fibonacci retracement level, indicating that the bears were not finished yet. Indeed, 2023 also saw a continued downtrend. However, and this is crucial, the index did not make a new low. Instead, the decline halted at the strong 15,000 support level. In early 2024, a significant break above the falling trend line was observed at the end of April. The correction that followed confirmed the broken trend line, suggesting that this breakout is genuine and indicates a long-term shift in trend. September began with a higher low, followed by a powerful surge above the 20,000 level for the first time in over a year. This sequence of events suggests the potential beginning of a long-term bull trend, with the possibility of the index reclaiming the 23,000 level by 2025. For those looking to initiate a long-term buy position, there are two key levels to watch: 19,500, the former resistance level, and 18,500, which now serves as strong support.
HSI:HSILong
by Mihai_Iacob
10