Weekly Bias for Nas100 - 10/1/2023Weekly Chart: Price took out the PWL and the August low into a W+OB and we did close positively for the week. We did create the low of a W-FVG (not drawn but, it's there) and price closed near the middle of the weekly range, Weekly High 14906.5, Weekly Low 14429.3, Weekly Mid point 14667.9, Weekly close 14741.8.
Weekly idea: Price took out lows into the W+OB but for now there is a W+FVG below that may be the target. If we take out the PDL, this will be my target into the the W+FVG(H) near 14232.7. In order to turn bullish I will need to see a high taken out and I'll want to see what price does inside the W-FVG.
Daily Chart: Price traded into a D-FVG and set the high near the D-FVG (MT) and left a huge wick with a Friday close near the Mid point of the Weekly range. We took out the bearish engulfing made on Tuesday but by Friday we traded back into it.
Daily Idea: Price leaving that large wick will cause for me to look at how price response to the close, middle and high of the candle. Do we fail inside this wick or take out the high? This is the question I'll be looking to answer. If we fail, I'll be looking to take out the PDL and THURS PDL. If we take out the high, price should close the D-FVG and trade into another D-FVG just above (not drawn) with the low near 14974.1.
4H Chart: Price left a 4H-OB inside the daily wick and the low was made inside a 4H+FVG(H) 14661.5. There is a +CHOCH above THURS PDH and the this is my hesitation to go full on bearish on the short term. There is also a 4H+Breaker that Friday could not take out as well.
4H Idea: I want to see if price will take out the 4H-OB or the PDL
Fairvaluegap
GbpUsd Is Otw Back To 1.23xx Level Minimum
Yesterday I entered long for GbpUsd. The R:R is quite good. Min 1 to 2.
Whenever price hit the imbalance zone of 4 hours chart I plan to take 50% off from the market and leave nother 50% at break even and let the market unfolds.
Who share the same thought?
Trade with care. Don’t jump in. May the pips be with u. Happy weekend.
IPDA Ranges to Cast Future Price Movement for ES Familiarizing ourselves more on IPDA Ranges to help form daily bias and to work on high time frame analysis. The first idea we ever published was actually a very similar thought but now that we have a better understanding of how to use IPDA ranges we wanted to post what we hope to be a more accurate version of what is to occur in CME_MINI:ES1! price action.
We are trading down off of a weekly order block that was traded into on July 18th; we have taken out the July 10th low of 4660.25 and we have failed to make a higher swing above 4683.50. It seems like the market has shifted to bearish conditions for the intermediate term. Using the look back and cast forward train of thinking, we have been trading higher for the 60 trading days prior to August 1st which is just 3 trading days after making our current intermediate high; meaning our cast forward should have plenty of sell side liquidity to draw to in order to clear out stops below our 20-40-60 day ranges.
It just so happens that we have a +Breaker Block that contains a Fair Value Gap/Liquidity Void inside of it. This gives us a lot of confidence in our bearish outlook as the 60 day low is quite literally is the top of our Liquidity Void and also falls into a zone for Optimal Trade Entry (OTE).
The only major bounce we should see is off of the March 13th Premium/Discount range as the Equilibrium for that range falls right in a Liquidity Void. The only thing that will push us through that with ease is some red folder news. Should be a piece of cake..
We are proud to put ourselves out there with ideas. It forces us to use logic and apply concepts and ideals that we have learned. Any questions or comments leave them below!
CME_MINI:ES1! EIGHTCAP:SPX500 CBOE:SPX TVC:SPX BLACKBULL:SPX500 SKILLING:SPX500
$TSM Weekly Long SwingNYSE:TSM is showing the following bullish signals in the Leave A Legacy Indicator:
Test of an uptrend created from the low of Dec. 2022 and April 2023
Reached fair value gap created throughout May
Break & Retest of high ($91.88) from April.
Swept buy side liquidity from the week of Aug. 14 (Untested Low $89.56)
CONTACT ME FOR ACCESS TO THE INDICATOR/SCREENER
Swing Trade on SPXNow that I have 2 funded accounts, going to use one for swing trades with around 1-2 lots just cause I'd like to have 1 funded account on a higher TF level. I find Swing Trading 1 account will let me keep my higher TF bias in check or analyzed consistently without choice, and so I am starting it off with this SPX trade.
We've had Equal Highs into a previous FVG around the 50% mark of said FVG. So I am placing a short here. Wicks show the damage done to that liquidity. I'm quite sure we are going to head downward on a daily level toward the next FVG. I have a bearish bias this week as long as we stay below the weekly open.
We are also sitting in Buyside Liquidity while we had pretty good displacement from the downtrend and this displacement has brought us to retest the break in market structure.
TP1 will be at 50% of the FVG, and TP2 will be at the fully closed FVG.
If that were to play out there are some Bullish Order Blocks formed below the FVG, and that would be where I can start to look for a long. Depends on what happens over the next few days.
Looking to stay in this trade to around Friday or Monday; Really depends on the price action. If the trade hits and we react strong off that FVG I will be looking for continuation trades to the bullish first Bullish OB.
My stop is set at the Equal Highs because if we return to those double Equal Highs there is a high probability we break above it a bit. So just trying to keep losses minimal with a bit of wiggle room to those highs. Let's see.
Ex of Fair Value Gap and Order BlockThis analysis is taking a Falling Wedge set up on SPY Futures mainly from the Daily timeframe. The recent trend in price in bearish and approaching an area of value for a trade. Awaiting confirmation of a reversal, ideally we would enter this trade. I am also publishing this idea to demonstrate for myself and others how price can interact with the Fair Value Gap areas and Order Block areas.
Also don't hesitate to comment with your opinions on where my FVG and Order Block areas are!
Thank you!
Good Signal for Long PositionWeekly Chart
BINANCE:SNXUSDT has tested and failed Head Shoulders Pattern so it's still in Triangle Pattern
We zoom out to daily chart
Now, it's trading at 2.31x and can be down more
I found a fair value gap (FVG) around 2.15 and this level is also a confluence zone by 0.618 Fib Re and 1.618 Fib Re
That's why I think SNX will bounce back with nearly 20% profitable
Wait and see what happen
What do you think, share it to me
TSLA fifth wave and bullish FVG 4h timeframeI've been keeping a close watch on TSLA's recent movements, and there's something worth sharing. It seems we're in the midst of the fifth wave, if we follow Elliott Wave Theory. What's even more intriguing is that on the 4-hour chart, a bullish FVG (Fair Value Gap) could be in the works, indicationing the end of the bearish (fourth) wave.
Adding to the excitement, the Relative Strength Index (RSI) is giving us some interesting signals. It's right on the edge of slipping into oversold territory, a potential sign of a turnaround. Plus, keep an eye out for the impending cross between the RSI and its RSI-based Moving Average (MA), as that could indicate a significant move coming up.
This setup has definitely caught my attention, and I'm thinking there's a trading opportunity brewing. If taking the trade I would suggest a safe stoploss below the fourth wave or a more risky one below the next bullish liquidity void on the chart. I would target the end of the fifth wave as a TP area because after that I believe we will see the first correction wave of the ABC pattern.
Of course, as traders, we know the drill – careful analysis and risk management are key before making any moves.
Bullish is coming | Long BiasChart 4H TF
Look at the picture, you will see Ripple BINANCE:XRPUSDT downed to the support 0.618 FibRe and now it's retesting the resistance at 0.68 but need break and close above descending trend line.
If this breakout is succeed, XRP will pullback to FVG around 0.625 that point to join
Wait a next move to decide
GF Short Sell to BuyHigher high created on the weekly that price is currently retracing. I have labeled 50% of the weekly buy and the 78% OTE level. The weekly 50% level is like a magnet so I’m expecting price to buy up to the weekly 50% and then continue selling to complete the weekly retracement for buys at or around the 78% level. The weekly 50% is also at the exact level that caused the daily structure break. 4hr shows another BOS for the buy but I don’t expect price to go higher than the weekly 50% just yet. My buy entry is 50% of the daily FVG and stop loss is just below the 4h FVG, 30 pips. RR = 1:7, TP 1.1436 as a safe exit as I do believe that price can trade higher. Good luck!
My GBPUSD Buy Setup For Next WeekCheck out this Buy setup for GBPUSD projection for next week move.
FOREXCOM:GBPUSD
Thoughts Process Behind the Setup:
Weekly Time Frame: Bullish plus FVG and bearish order block above price serving as a draw on liquidity.
Also, price already retraced to fill the FVG below price. Which means price is now ready to push higher to fill the FVG above.
Daily Frame: Price bouncing off daily bullish order block to fill an imbalance.
The only setback on daily for now is the bearish order block where price is currently at.
2HR: Price took out sellside liquidity and dropped further into the weekly FVG and then created a shift in market structure leaving a clear FVG behind.
Entry: I used my FIB to locate OTE around the FVG which is where i will be placing my limit order for entry.
What do you see on your own chart?
Pullback OTE + OB Trade StrategyPullback OTE + OB Trade Strategy
Pump + Pullback to OTE + Orderblock Strategy.
Tapped FVG below + Weak High = ripe for more pump. Just has to gather more gas at the orderblock to fuel the breakout.
I just can't think of any good or new thing to say about this.
I've done this several times.
You can follow this or not, it depends on you. Just put a stoploss and proper position sizing so you're good.
Gold W Buy Idea 5/20/23Gold is still at all time highs at the moment, so I am still not sure if it will go higher and break the previous month high (PMH)/the monthly high from 3/1/22 again OR break and retest this weekly (W) zone that it is currently playing in and go bearish again. I do know that there is a M liquidity zone + a W B (buy) FVG (fair value gap) right under where price is currently at.
For the STRATers, The W has formed a 2-1-2d-Rev.
So what I would like to see price do is break down to the W B FVG and bounce back bullish to hit the PMH(s).
Fair Value Gap Strategy (FVG): GBPUSD 7.32x Reward TradeCheck out this 7.32RR trade I took today on GBPUSD.
OANDA:GBPUSD
Trade Process:
Daily is bullish with FVG serving as draw on liquidity.
1HR: Took out Sellside liquidity left with BuySide liquidity to take out.
15M: London Session open took out 15M sellside liquidity with high probability of taking out Buyside liquidity.
Entry: I used my fib to locate OTE at the FVG which is where i placed my buy limit.
Price retraced to pick my order and fly high to take out the buyide liquidity and the daily FVG.