LINK struggle inside 2 patterns#LINK/USDT
$LINK is inside long term falling wedge pattern, and in short term time frame there is a parallel channel that can act as bearish flag.
🐻 close a daily candle below lower line of parallel channel can drop price to lower line of wedge that is around $3.
🐮 but if price hold the ascending channel and break out from upper line of wedge, it can fly to resistance zones around $11 and even $14 and $17 in longer term.
Futurestrading
CHZ parallel channel and trend lines#CHZ/USDT
$CHZ is trading inside parallel channels.
price rejected from upper line of descending channel and now it's at lower line of ascending channel that can act as bearish flag.
🐻 break down from lower line of ascending channel will active bearish flag and price can drop to middle line then maybe lower line of descending channel.
🐮 If bulls success to hold the middle line of descending channel, it is possible that price move upward to touch ascending trend lines around $0.12
LIT trend lines#LIT/USDT
$LIT trend lines show price hold the ascending support line and it is below descending resistance.
🐮 break out from descending resistance will face price the resistance zone around $1, that break out this zone will increase price toward ascending resistance around $1.2.
🐻 rejection from descending resistance and break down from ascending support will drop price to support zone around $0.7.
LBS / Lumber Futures potential long trade incomingMy chart idea illustrates a confluence of fundamental and technical analysis which leads me to believe a long trade in the Lumber futures market may getting close.
On the fundamental side:
- We have seen Commercial buyers become net long for a whole month, last time this happened was mid 2020 and this then led to a ~130% price rise over 2 months when the price went from roughly $350 up to $820, albeit it was a bumpy ride with numerous gaps up and down along the way. This recent commercial buying activity is shown with the blue above the zero line in the COT report indicator.
On the technical side:
- There is clear bullish divergence on the daily chart between price and the RSI.
Key technical levels to watch:
- Volume profile going back almost 1yr (as much as I could fit onto daily chart) shows the biggest volume cluster / Point of Control sits around $620, so price needs to break above this and hold the level to confirm break of down trend.
- Coincidently the above mentioned level measures up almost precisely ($618) with a Fibonacci level when using the recent double top as anchor points.
- When drawing a simple trend resistance line from the recent high in march and down to current price then you can see that this trend has not been broken yet, however the line recently intersected $620 level. If price breaks the trend then the $620 level shouldn't be far off.
- Lastly on the weekly chart price is just touching oversold levels in the RSI. Historically Lumber hasn't prolonged periods at this level, it typically touches or breaks the level and reverses back within a few weeks.
In summary it looks like ~$620 is a key level that needs to be broken above and if it can hold that level until weeks end then I'd be looking to position a long entry.
The Lumber futures market does offer big reward when it moves however it is very illiquid with tendency to price gap once it starts trending so caution needs to be exercised!
How I understand the S and P todayThis is what I see in the S and P.
I didn't have the balls to buy liquidity (It is a new trade setup for me and I am not comfortable with it yet.) but did take a 10 handle scalp today out of the FVG.
I see equal opportunity for shorts and Longs so basically I am mostly sitting on my hands.
DOT broke out falling wedge#DOT/USDT
$DOT broke out from daily falling wedge, and now is in pullback to upper line of wedge to confirm it as support.
🐮 holding the broken line as support can increase price toward resistance zones shown in chart.
🐻 break down from descending line and back inside wedge will drop price to lower line around $4.
BTC falling to daily support#BTC/USDT
$BTC broke down from ascending support line as mentioned in last analysis, and reached daily support.
🐻 breaking the support zone between $27800 and $26k will drop price toward weekly support around $24k.
🐮 holding the daily support zone can increase price to ascending resistance around $29k and $30k again.
Dow Review (English subtitles)Click the "subscribe" necessarily if you come review! Then I will post more ideas.
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Indicator Wyckoff Line created by the activity of professionals and identification of liquidity zones, to which the price is attracted.
Remember that the market is only driven by supply and demand. No technical indicators will tell you in advance whether a supply or demand imbalance has occurred.
Listening to the news can put you in a state of wrong decision, so make decisions only by the activity zones of professionals. By understanding where the imbalance of supply and demand is occurring, you can correctly build your strategy of work.
The indicator has a clever algorithm that takes into account the activity zones on several timeframes above the working chart.
It also includes a system of VSA, which determines the entry point for buying or selling a certain instrument. The entry point is determined by the imbalance of volume and price on the principle of lack of demand, or lack of supply in liquid areas.
Take a look at "Figure 1", which clearly shows the supply test after which the price reached the next liquidity level in WMT stock
The following example clearly shows a buy after a downtrend, which after the passage of the liquidity zone defined a clear signal to buy the stock AAPL
The essence of the indicator is that high volume is always a liquidity zone, into which the price will constantly strive. The indicator determines the liquidity zones of the professionals, which you set on the higher timeframes with the help of certain settings of the high volume bar. And along with the indicator package I provide a tutorial video where I tell you how to use this indicator. I also give some author's settings and recommendations for entering or exiting a position.
Now let's analyze the sell signal. Here is an example of one of the sell signals in which the indicator clearly worked:
The price reached the liquidity zone and it signaled three times that it was time to enter the position. Next, using completely different entry techniques, you could sell the KO stock or, if you were trending upwards and your techniques did not involve selling, you could simply exit your position in time.
The uniqueness of the indicator is that it works on a chart like crosses zero. By setting liquidity zones, you can use the signal of this indicator to enter a position without any market noise. Take a look at the example below where an entry was made into an MSFT stock:
snapshot
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ETH descending channel#ETH/USDT
$ETH is inside descending parallel channel and now is above middle line of this channel.
🐻 breaking down from middle line will drop price to lower line around $1500.
🐮 holding the middle line as support and break out from descending resistance around $1780 and $1800 can increase price to upper line around $1900.
BTC to $24k#BTC/USDT
$BTC is above ascending support.
🐻 as price dropped sharply toward ascending support, it is possible to break it down and drop more to $24k where 2 weekly descending support meet.
🐮 if ascending support hold the price, $BTC can head up once again toward resistance zone between $31k and $33k where meets descending resistance zone and make it strong to break.
Trading Index Futures?Entry: 4165, Stop loss: 4185, Take Profit: 4105 ( conservative ) 4080 ( radical )
If you're trading index futures I would be cautious of where to put your monies. I'm bearish for many reasons:
- Increasing inflation, continued economic growth while feds are trying to put the flames out of the overheated economy, increasing interest rates to lower consumer and producer spending (businesses will eventually have lower earnings growth -- affecting investors sentiment in regards to EPS and dividends), and many many more.
MONDAY OVERVIEW - Long term and intraday setups on SPX500 and EUHi Traders,
This is my view for this week on:
- SPX500
- NAS100
- DAX
- EURUSD
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
ADA falling wedge#ADA/USDT
$ADA is below upper line of falling wedge pattern.
🐮 break out from resistance of upper line of this pattern can increase price toward resistance zone between $1.6 and $1.86. in this way price should break out resistance of $0.7 and $1.1.
🐻 rejection from upper line will drop price to lower line once again that is around support zone between $0.4 and $0.27