$GMT may go to 2$ soon. Watch out!!$GMT TRADE SIGNAL FOR THE WEEK - SELL BUY SELL
GMT recently made a new all time high @$4.17.
Breaking the previous high @$3.85.
Price then created a double top on the 4hr,
lower highs on the oscillator and fell hard
from there. Similar scenario to $APE
So now, what are we expecting??
If you said a pullback then you are correct! Friends
Before we get one, I personally would like to see
price tap our demand zone.
I will be looking to go long around that zone
especially after seeing lower time frame bullish
confirmations and watch price trade above $3.13.
A good 10-15% bullish run to 3.50 would be a nice
play and I would not hesitate to take most or all
profits at that level because we may see a run down
to 2$ based off our knowledge on fibonacci retracements.
On seeing bearish confirmations, I may take profits on
buys and hop into sells after the pull back is completed.
Wish us a successful trading week ahead.
#$KC #Meekhill #Meekhillacademy #RICHMMDT
Futurestrading
$APE $APE $APE BEARISH BULLISH BEARISH
As we can see the market is currently bearish
on the 4hr.
BINANCE:APEUSDT
After creating a double top @24$ and stochastics
making a lower high. The market dumped hard.
Thereby failing to break the highs of 28$.
The trendline got broken and now we are
expecting a good pullback this neww week
to form a new lower high. Then a new low.
Before that happens, it will be best to see
price first tap 15.55$. Then we would look
for exhaustion around that area, when we
see it, Entries will be on lower timeframes.
16.25$ is also another level to watch out for
reversals.
Wish us a successful trading week ahead.
#$KC #Meekhillacademy #RICHMMDT
Sol is on downtrend movement from many daysSol is on downtrend movement from many days. There is strong support among 95.59 - 98.00. currently price showing descending triangle pattern. If recent price breaks support area then it will dip till 79.00 - 82.00.
Keep in mind there is resistance from 111 to 108.
LINA symmetrical triangle#LINA/USDT
$LINA is inside symmetrical triangle .
🐻 break down from lower line will drop price to support zone that is the same with 0.786 fib level of daily swing high.
🐮 break out from upper line of triangle will increase price to 0.5 and 0.618 fib levels of short time frame swing down.
MATIC falling wedge#MATIC/USDT
$MATIC is inside falling wedge pattern.
🐮 break out from upper line of 4h wedge will increase price to next descending resistance around $1.35.
🐻 as there is a daily falling wedge too, it is more possible that price drop more to lower line of this wedge around $1.1 then start to increase.
How I Day Trade The E-mini NasdaqSimplicity is King when it comes to day trading futures. One of the keys for me when I am day trading futures is to find one side of the market to trade on and stick with it throughout the day. I think too many people get caught up trading both sides of the market and get themselves over trading. In today's video I show you a simple strategy using a 3 minute opening range along with an Anchored VWAP to help you determine if the day is going to be choppy, or a trend day. This strategy is something I use to determine direction for the day and can easily be used as an addition to your strategy to give you confirmation of trend.
Past Performance is not indicative of future results. Derivates trading is not suitable for all investors. This is not investment advice.
A Simple High Probability Swing Trade Set Up for UK Gilt FuturesSince the January of 2021, UK Gilt futures has been trending down sharply. One of the main reason why I always enjoy trading bond market is that its trend is very clear and also persistant. The price often follows a textbook style of breakouts and retracements, occurring at clear support and resistance levels. Recently, the price has made a new low and aims to test the next support area of 115~116. This indicates that the down trend is still very valid and we are only looking to enter sell positions. The price is currently at the impulse stage, which means that there is no immediate action for us to take now. We are looking to sell the pull backs from the previous support level of 120 area. We expect the price to retrace back with a bearish flag pattern. Once the sell limit orders are hit, our first target is the next support level of 115, and our second target is the 112 area. This is a good passive trading set up where you can combine with your intraday trading to diversify your portfolio.
We will update this post after the price comes near the entry zone.
MKR parallel channel or flag#MKR/USDT
$MKR is inside ascending parallel channel and near the lower line.
🐮 holding the lower line will increase price to upper line of channel that is the same with resistance zone around $2000.
🐻 this channel can act as flag pattern so break down from lower line of channel will drop price to support zone around $1700.
HELLO WAVES, WE NEED TO SPEAK SHORTLY 60MINHello Waves, We have some unfinished business- Padawan-
Hand me my light Saber
How I Trade A 2-Way Market In The E-mini S&P 500 FuturesI see a lot of talk on whether the S&P is in a bull or bear market and IMHO, neither the bulls or the bears have control right now. I think this is a 2-way tape frustrating a lot of bulls and bears. In this video I share my simple process for assessing how we are in a 2-way market, not a bull or bear market and how I am using Anchored VWAP's to keep me out of trading the middle and keep me trading the edges. As of right now I am looking at 4375 to get tested in the coming day(s) where I will look to establish a long position. If that holds I will look for a retest of 4444.50 and potentially a rally up to 4526. A daily close below 4375 I would be out of my longs and then I think that the bears have a chance to take control of the market.
Past performance is not indicative of future results. Derivatives trading is not suitable for all investors.
Nifty50 Short Term Analysis 13/04/2022Nifty is moving in a rangebound triangle. There would be a good move on any of the sides once it breaks the triangle/trendline on the upside or downside.
If it breaks on the upside we can expect a rally and if it breaks on the downside we can expect a breakdown. Until then we can expect consolidation within range.
NASDAQ-100 breaking the 14,000. Growth Stalking.We’ve been heavily focused on the NASDAQ-100 (aka NDX and QQQ) as the 200 day moving average continued to dominate price action - despite pundits on television speaking that venom on how “growth and tech were recessionary resistant!” It is amazing what these people can get away with on television and how their words are held tightly by many bystanders looking for direction.
We’ve been calling for economic weakness on our Facebook page surrounding the balance sheet (before it was a hot topic in the news), M2 Money Flow, Housing, etc. Feel free to check it out -> just click the link at the bottom or go to my profit page.
Back to the Futures…. We’ve been eyeballing the lows of March 15th as a potential target. Now that is not to say we can have a few days of upward impulse movement, or the Inflation figures coming out tomorrow are somehow seen as weaker than expected and the markets get a ‘relief rally’ back above the 50 day moving averages. Stay cautious of any intraday changes for short term opportunities.
Keep track of the levels through annotations on your charts and please feel free to check out some of our videos. Follow me on TradingView for any new and updated posts and to any videos in the external links below (or in my profile).
Bearish sentiment continues until there is a change in complexion. Remember if we have a bullish day that doesn't change the bigger picture. Patience and Discipline to live to trade tomorrow.
GOOD LUCK Everyone and THANK YOU for your time in reviewing this post, my others posts, etc.
AGAIN... Keep a mental note of those levels; especially if there is a bullish relief that may catch many off guard and keep in mind the holistic view is bearish. But, that doesn't mean you won't have opportunities in the short term in either direction, regardless of the overall major sentiment and trend.
$DAX to target 13500$DAX is testing 14000. A break below 14000 is needed for the downside reversal of the recent short-term upside trend and a continuation of the downtrend that has been triggered by a rejection from 16500. This would be the beginning of the second impulsive downside wave which should be the most violent and would lead to a break below the recent low.