Get started

Futurestrading

Unveiling Alibaba's Secrets: A Technical Analysis of Its Future NYSE:BABA Based on the weekly ElliotWaves analysis , BABA is currently in a corrective wave structure. The corrective wave structure is a complex wave pattern that can take many different forms. However, the most common corrective wave structure is a three-wave ABC pattern. BABA appears to be in the wave B of the corrective wave structure. Wave B is a retracement of wave A. We can expect to see BABA continue to move higher in the coming weeks . However, it is important to note that wave B retracements can be sharp and volatile, so we may have a final push on the downside, before the long-term uptrend begins. Therefore, it is important to be cautious when trading BABA during the wave B retracement and a stronger price confirmation is needed. BABA's RSI is currently at approx. 50, which is neutral territory. This suggests that BABA is neither overbought nor oversold. However, the RSI is trending higher, which suggests that BABA is likely to continue to move higher in the coming weeks. BABA's MACD is currently above its signal line, which is a bullish signal. This suggests that BABA is likely to continue to move higher in the coming weeks. Potential Direction of BABA on a Weekly Timeframe Based on the ElliotWaves, RSI, MACD, and other technical tactics, BABA is likely to continue to move higher in the coming weeks. However, it is important to note that the market is unpredictable and there is always the possibility of a trend reversal. Therefore, it is important to be cautious when trading BABA and to use a stop-loss order to protect your profits. I hope this post is helpful. This analysis represents is based on the information at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
NYSE:BABA
by YExplore
ES Weekly PlanTwo important levels for ES this week. 4300 and 4350. On the hourly chart the downtrend is still at play, but we have put in two higher highs, and three higher lows, which could be indicating a trend reversal to the upside. But taking any long position into 4350 is extremely risky, until we can clear it. Also pictured is ES's 10k tick chart, which typically is a better trend indicator. We broke the downtrend (teal line) and have successfully back tested the downtrend ~3 times while also creating a new uptrend. It shouldn't be surprising to see chop and tight price action after so many trending days, but these are the levels I'll be watching for ES. I'll take long near 4300 and shorts near 4350 until price says otherwise. Listed are my long targets, and any shorts from supply will only be a few point scalps since it seems we are forming a reversal. Any short positions below 4300 could be sketch since daily demand is 4310-4270 (we could find support anywhere in that range).
CME_MINI:ESZ2023Long
by AmpedTrading
GAS FUTURES, BEAR-MARKET-Wedge Will Print the NEXT -80% DROP!Hello There! Welcome to my new analysis of GAS FUTURES from the weekly timeframe perspectives. Since events of the last year 2022 pumped the GAS FUTURES with an inflationary demand shock to unnatural new highs it heavily reversed this dynamic and GAS FUTURES converted into a massive sell-out with a hugely inclined bear-market supply-dynamic that printed several bearish momentum determinations and liquidated positions in a record pace, this happened not only because the whole gas futures have been altered by the massive bear price-action accelerations. Now, GAS FUTURES did not nearly recover from this massive bearish pullback and there is still a lot of supply within the market ready for execution. Paramount Formations Being the Origin of the Gigantic Price-Action Volatility: When looking at my analysis, there it is marked, that GAS FUTURES completed the momentous bubble top as of August 2022 and from there on continued with the heavy bearish decline, completing the gigantic bearish ascending wedge formation firstly before the enormous gigantic -80% bearish dump towards the downside printed the major bearish wave C within the whole bearish wave count. From there on GAS FUTURES did not manage to recover and form a substantial reversal, rather GAS FUTURES kept within the lower levels to form the next crucial continuation formation within the level which is an ascending wedge continuation setup. Such a formation in almost all of the cases is marking the continuation setup of the next severe bearish trend wave towards the downside. Current Formational Dynamics and What to Expect From the Formational Structure: Since February 2023 GAS FUTURES have already continued with the completion of this ever-so-crucial continuation formation which is marking the actual wave C within this massive bearish trend. Especially, as the GAS FUTURES are about to complete this crucial wedge formation with the wave count to emerge into the final breakout below the lower boundary this is going to set up the next major wave C drop towards the bearish direction and in this case the next massive -80% drop will be inevitably confirmed. Also, not only because GAS FUTURES will have completed this critical wedge formation, but there are major resistances within the whole chart structure marked by the 50EMA, 25EMA, and descending trend line resistances. This means that always when GAS FUTURES touch these resistance levels continued pullbacks are going to be indicated. Upcoming Events and Determinations to Expect With the Established Setups: The next times will be extremely crucial for GAS FUTURES because of the fact that more and more long positions are still in line to be executed because of the inflationary pumps seen in the last year many speculations have been made about massive price increase however as this dynamic turned now there is still a lot of bearish volume waiting in the lines. There are several factors underlining the bearish scenario and these are so overwhelmingly accurate that a reversal is not in any case a possible scenario here. Taking the upcoming massive wave extension into the global perspective it can even extend further beyond the target levels marked in my chart, especially when the wave extension reaches such momentum as it has been seen already within the wave A before. Once the targets have been reached further assumptions need to be made, in this case, according to the determined dynamic the bearishness will be so present that a reversal possibility is declining quite massively. Because of the significance of this whole development with GAS FUTURES, I am going to monitor the condition further within the next time especially as the final breakout can be completed with other important underlying factors to alter the whole market condition again. A supply increase within the GAS FUTURES is likely to accelerate the main dynamics here. Nonetheless, a major drop within the whole GAS FUTURES does not mean the energy sector is completely bearish, it has to be distinguished between GAS FUTURES and other assets within the sector market. In any case, it will be an important dynamic to keep up to date with. In this manner, thank you everybody for watching my analysis of GAS FUTURES. Support from your side is greatly appreciated. VP
RUS:NG1!
by VincePrince
13
Nasdaq Futures are at the crucial point. For NASDAQ Contracts to go higher, they need to clear out the 14,950 level. If they get rejected from 14,950, then look for downside. On the other hand 14,800 is acting as a good support. wait till the Michigan consumer sentiment data release tomorrow before taking any position. do not trade for the first half hour after the open since there is a lot of data release like PCE before market. we were already down by almost 9 percent, since few days from recent highs. Very good chance of a getting and inside day tomorrow. there are high chances of us getting a follow through tomorrow on the bullish side. It is also the end of the month for positioning stand point so be aware and trade after 1 hour of market open to avoid unnecessary risk.
CME_MINI:NQ1!Long
by TradesByAdvait
PLATINUM FUTURES, Massive BEARISH TRIANGLE-Formation, BREAKOUT!Hello There! Welcome to my new analysis about PLATINUM FUTURES on the global timeframe perspective. The precious metals market is moving into a decisive momentum within the recent times as developments within the financial markets point to a continuation of exceptionally high interest rates within vast majorities of economies and a continuation of hawkish interest rate approaches. An market with continued higher interest rates is pointing to an main indication of a more bearish determination for the precious metals market. If there is no change in the hawkish FED policies and a turning point into more dovish policies decreasing interest rates this is likely to setup the continuation of a bearish indication for precious metal derivatives such as PLATINUM FUTURES. This in combination with a strong DXY, U.S. Dollar Currency Index is increasing opportunity costs of holding precious metal derivatives such as PLATINUM FUTURES, especially within the currencies baskets this is likely to decrease long open interst and increase open interest in short positions to hedge against a depreciating fiat currency pointing to a bearish precious metal scenario. From a technical perspective the signs are definitely worthwhile to consider here as PLATINUM FUTURES form this gigantic descending-channel-formation in which PLATINUM FUTURES already completed several massive bearish waves to the downside increasing bearish pressure and momentum forming several lower lows and pointing to a higher likelihood possibility of a continuation within the descending-channel-formation. Within this channel PLATINUM FUTURES also form the coherent wave-count with the waves A to C being already completed and now within the formation of the wave D PLATINUM FUTURES are forming this gigantic triangle-formation which is likely to complete within the next times. A breakout below the lower boundary of the triangle-formation will setup the origin of a continuation into the bearish direction and a substantial extension of the wave E within the whole wave-count increasing the bearish momentum till the final targets have been reached. Taking all these factors into the consideration here the final breakout can setup faster than expected and then it will be important on how PLATINUM FUTURES setup the actual bearish momentum to develop within the wave-E of the whole wave-count because when the momentum is that strong reaching out to the initial target-zones marked in blue this can lead to a continuation just below these levels and a invalidation of the descending-channel into the lower directions. If this does not happen and PLATINUM FUTURES show up with the ability to stabilize within the final target-zones from there on the potential for a reversal increases and if this reversal setups, once it has emerged PLATINUM FUTURES also have the potential to show up with a final breakout out of the upper boundary of the descending-channel-formation. Especially with continued hawkish interest rate policy, in combination with the open interest in short-positions increasing exponentially, and the strong DXY putting bearish pressure on commodities as well as precious metals this is pointing to the final bearish acceleration and breakout developments to emerge realizing this whole bearish scenario. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
NYMEX:PL1!
by VincePrince
3
ES Hourly - Back to Uptrend?Hourly analysis - Start of trend continuation? For the first time since 15 Sept - ES has broken above an hourly supply level and swing high while also defending 4335's breakout level. This could very well be a trap or the start of a relief rally/continuation of the 11-month uptrend. Levels to watch: 4420: This was ES's support 4-5 times before breaking down to these lows. We could backtest this level as a break and retest. 4375-4365: This is ES's new 1-hour demand zone where price broke through overnight highs and the previous one-hour supply. This is a good area to try longs, and to want ES to stay above. If we break back below, 4335 - 4310 at play.
CME_MINI:ES1!Long
by AmpedTrading
ES Daily AnalysisES is at the very bottom of it's daily demand zone which was tested 18 August for a 195 point move before continuing lower. while we are also near it's breakout level of 4335. If we break below the daily demand and can not reclaim, I do see us making a move to the levels below. If we see demand step back in here for a relief bounce, I could see a target of 4420 being realistic as it was previous support before making the move lower to test the breakout level or breakout demand zone. Thoughts?
CME_MINI:ES1!
by AmpedTrading
Russell 2000 Micro E-Mini Futures (M2k1!) - 4:1 LongMy analysis of the Russell 2000 surprises me, since I am instinctively more bearish than the chart seems to be. Hopefully you will challenge my forecast with your tough questions, since this venue is meant to arouse the reverse-engineers and to provoke the thinkers to do what they do best, right? As always, I strive to render these ideas of mine so obviously that their explanation will require no words. Nevertheless, this 4:1 Long trade on the M2k1! chart is of fundamental interest, considering that the Russell 2000 Index is a leading indicator of the US economy as a whole. Note that I have not entered the trade, because I expect price to fall farther still, as indicated by the custom Trend Exhaustion Wedge. Although my trading strategy is built on innate Pattern Recognition and a hard-won sympathy for the Market Maker’s Business Model, my tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. As I mention in most of my other ideas, trading the CD leg of harmonic patterns is especially risky, since they are NOT confirmed until after the D-point prints. Although I prefer to rely on the charts, I cannot help but notice the many challenges being visited upon China these days, which could indicate a timely trend reversal for American industries. Of course, this is NOT a longterm forecast, nor am I instinctively bullish, per se. In the short and medium terms, price action should remain bound by the 0.236 to 0.382 Fibonacci retracement range set by the ATH during the "Everything Peak", shown in this 4h chart by the highlighted Purple channel. There are so many unknowns beyond Q2 2024 (on account of CBDCs, among other variables), that it is too soon to assume that price action will return to the Blue accumulation zone that also marks the top of the forecasted move, even though some important pre-Covid levels have been tested. Followers of my ideas may not be familiar with the aforementioned Wedge, which (among other things) suggests possible late entries in case price fails to hit the specified entry level from below, after confirming a C-point. The Wedge is merely one of many details in the full chart, which can't be seen in this condensed 4h version. I am preparing a video on prospecting for opportunities during the Sector Rotation, and the RUT and the E-Mini Futures are part of it. First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023. Until then, be liquid !!!](<My analysis of the Russell 2000 surprises me, since I am instinctively more bearish than the chart seems to be. Hopefully you will challenge my forecast with your tough questions, since this venue is meant to arouse the reverse-engineers and to provoke the thinkers to do what they do best, right? As always, I strive to render these ideas of mine so obviously that their explanation will require no words. Nevertheless, this 4:1 Long trade on the M2k1! chart is of fundamental interest, considering that the Russell 2000 Index is a leading indicator of the US economy as a whole. Note that I have not entered the trade, because I expect price to fall farther still, as indicated by the custom Trend Exhaustion Wedge. Although my trading strategy is built on innate Pattern Recognition and a hard-won sympathy for the Market Maker’s Business Model, my tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. As I mention in most of my other ideas, trading the CD leg of harmonic patterns is especially risky, since they are NOT confirmed until after the D-point prints. Although I prefer to rely on the charts, I cannot help but notice the many challenges being visited upon China these days, which could indicate a timely trend reversal for American industries. Of course, this is NOT a longterm forecast, nor am I instinctively bullish, per se. In the short and medium terms, price action should remain bound by the 0.236 to 0.382 Fibonacci retracement range set by the ATH during the "Everything Peak", shown in this 4h chart by the highlighted Purple channel. There are so many unknowns beyond Q2 2024 (on account of CBDCs, among other variables), that it is too soon to assume that price action will return to the Blue accumulation zone that also marks the top of the forecasted move, even though some important pre-Covid levels have been tested. Followers of my ideas may not be familiar with the aforementioned Wedge, which (among other things) suggests possible late entries in case price fails to hit the specified entry level from below, after confirming a C-point. The Wedge is merely one of many details in the full chart, which can't be seen in this condensed 4h version. I am preparing a video on prospecting for opportunities during the Sector Rotation, and the RUT and the E-Mini Futures are part of it. First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023. Until then, be liquid !!!
CME_MINI:M2K1!Long
by TheLeadingIndicator
7
Can Bullrun Start Without Gap Fill? 🌄🕳️ The Gap Dilemma: Price gaps occur when there's a notable difference between the closing price of one trading period and the opening price of the next, often seen on the charts as a "hole" in price action. 🔍 Gap Filling: Traditional market wisdom suggests that gaps tend to get filled, meaning that the price revisits the gap area and trades within it. In Bitcoin's case, this could mean a retracement to fill a previous gap before further upward movement. 📈 Historical Anomalies: Interestingly, Bitcoin has shown a tendency to defy this norm. In its historical price data, there have been instances where significant bullish trends started without revisiting or filling previous gaps. 🌐 Market Sentiment: Bitcoin's behavior often reflects overall market sentiment. If there's overwhelming bullish sentiment, it might bypass gap filling and initiate an upward move. 🚧 Caution Required: While Bitcoin's past actions might suggest the possibility of such scenarios, it's important to approach each situation with caution. Market conditions can change, and historical patterns don't guarantee future outcomes. 💡 The Takeaway: Bitcoin's unique nature means it doesn't always conform to conventional market expectations. While gap filling is a common phenomenon, the cryptocurrency has demonstrated the ability to start bullish trends without revisiting these gaps. In trading and investing, adaptability and a comprehensive strategy are key. Keep a close eye on market sentiment, technical analysis, and news developments to make informed decisions. Remember, there are no absolutes in the crypto world, and flexibility in your approach is your greatest asset! 📊🚀
CME:BTC1!
by AlexWhale
📊#BTC Death Cross is about to flash!🆘📉 ‼️Dumping is not far away from us. This is not alarmist, because it is the general trend. Before making a specific analysis, we need to first understand an event that we should pay attention to in the future:👇 On October 17, the SEC will review 5 BTC spot ETFs again. Regardless of the outcome, the market will experience wild swings, so use necessary risk management.⚠️ 🧠Now that the event driving factors are in place, let’s analyze them based on the event expectations. Then I opened the EMA technical indicator and simulated its possible trajectory, and made a surprising discovery: the death cross is about to appear! ! ! ✔️We all know that technical indicators are delayed. When the death cross occurs, we may have missed the entire market opportunity. In addition, we have been consolidating here for a long time. BTC is likely to break the wedge structure and start falling before the 17th.📉 let us see👀
Short
by wolf_king888