#OIL selling opportunityHi dear traders and colleagues, lets look at oil and see if there is any selling opportunity in this commodity or not.
As you can see on the chart we have done a research and find out that any time when stochastic indicator is in overbought in Weekly timeframe and cross below cross below its signal line we have seen a bearish move by the price.
Other things that gives us more confluences to take this trade is the fact that price currently is testing resistance area and also close to tentative bearish trendline.
from fundamentally perspective also we know although we shortage supply by the side of suppliers especially from Saudi Arabia but the fact that we are close to the end of hiking cycle by the central banks and as a result we can see some damages in economic which cause lower demand for the oil.
These are all showing that at least having a bearish correction move in Oil prices is possible and even if price wants to go higher we can have correction from this area.
Indicators
GBPNZD 111 PIP GAIN!!! KLS GBPNZD provided a beautiful trade set up using our KLS tool. The Key Level system indicator provides us with two key levels multiple times throughout the trading week. Once higher timeframe aligns and parameters are met, then two key levels will appear on your chart automatically.
We achieved a nice 2:1 trade set up with GN for a nice 111 pips profit.
1st key level 2.04203. Blue Line
2nd key level 2.03747. Red Line
How to determine directional bias?
with the KLS you cut your analysis and chartime in HALF. Directional bias is determined by key level placement order.
Blue Key level (KL) above Red KL = Bullish sentiment. Look to take longs only
Red Key Level (KL) above Blue KL = Bearish sentiment. Look to take shorts only
CUK Carnival Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CUK Carnival Corporation prior to the earnings report this week,
I would consider purchasing the 10usd strike price in the money Calls with
an expiration date of 2023-10-20,
for a premium of approximately $2.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
MTN Vail Resorts Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MTN Vail Resorts prior to the earnings report this week,
I would consider purchasing the 240usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $9.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
HELE Helen of Troy Limited Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MTN Vail Resorts prior to the earnings report this week,
I would consider purchasing the 117usd strike price Calls with
an expiration date of 2023-10-6,
for a premium of approximately $5.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
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Indicator idea " USX "USX is the average of NAS100 , SPX500 and US30 (all from BLACKBULL data provider).
( average of the 3 Open = O ),
( average of the 3 High = H),
( average of the 3 Low = L),
( average of the 3 Close = C),
Plotted as candles using thoses OHLC, making a chart representing the average price action of indexes.
It is preferable to use on 15m TF (read the ORB part below).
Usage and inputs :
- An important part is the ORB box (Opening Range Breakout) sometime reffered as OPR (Opening Price Range).
This plot a box based on market opening candle (NY time, 15m) high & low.
This box will be colored green if close is above the half value of the box and red if below.
A basic strategy for Stocks and Indexes traders is to wait after open that the price break that 9h30 to 9h45 range an enter accordingly for a scalp in the dominant direction.
( Doesn't work everytime, even less for crypto, but i've been using this tool on each separate index for some time and let me tell you, at NY open the world is always somehow correlated to what happen in Wall Street. )
- Additionnal sma21,55,89 and AMA (the average of the 3 sma).
Optionnal trend confirmation based on the position of close relative to the 3 sma (simultanously above or below) and colored background assiociated.
- The possibility to use VERY lengthy (tweakable) RSI rather than standard average $ values but it's not very effective as the candles look awful (on any big timeframes)...
- In the input you can adjust the % of each of the 3 index in the total from 0% to 100%, so you can, for exemple put NASDAQ % IN INDEX more important than S&P % and DOWJONES even lower (as Crypto-currencies are generally more related to Tech sector).
That's it for now,
Don't hesitate to ask question, even if I've already said too much...
PS: That only an idea, yes the indicator is created and functionnal. Maybe i'll publish it, probably free + open source as i anyway explained everything ;)
Peace, may the profit be with you all
ACN Accenture plc Options Ahead of EarningsIf you haven`t sold ACN here:
Then analyzing the options chain and the chart patterns of ACN Accenture plc prior to the earnings report this week,
I would consider purchasing the 315.50usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $9.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
BRIEFING Week #39 : Something is Brewing, be Cautious !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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$TSLA weekly short swingNASDAQ:TSLA has more room to fall after a huge red week.
The Jeanius indicator shows it in a monthly and weekly supply zone created in July of this year. It is also respecting a major monthly downtrend that was created from the highs of Jan. through April 2022. Looking to short down to $213
SOL Solana Price Target| Binance vs SEC Lawsuit|Whales DumpingIf you haven`t sold SOL before the collapse:
Then you need to know that Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, my price target for SOL Solana is $14.30.
Looking forward to read your opinion about it!
DOGE Dogecoin Price Target|Binance vs SEC Lawsuit|Whales DumpingBinance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, my price target for DOGE Dogecoin is $0.053, where it will form a Double Bottom.
Looking forward to read your opinion about it!
FDS FactSet Research Systems Options Ahead of EarningsIf you haven`t sold FDS here:
Then analyzing the options chain and the chart patterns of FDS FactSet Research Systems prior to the earnings report this week,
I would consider purchasing the 420usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $9.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ONGUSDT Technical Analysts Ontology Gas; On of the coin with Constantly increasing and decreasing with high percentage, the candle has been open and closed in our support line and we have received couple BUY signals from our robo advisor @EngineeringRobo. Whole candles are in triangle and MA50 has broke down the direction and almost get each other again with MA20. Expecting to reach approximately 20% gain $ONG and if our moving average strategies give us to another buy signal(s), I think profit will be inevitable.
Let’s follow our chart together and don’t forget to follow me.
“NFA”
BRIEFING Week #38 : ECB done, FED incoming !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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MATIC Polygon Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for MATIC Polygon is $0.41.
Looking forward to read your opinion about it.
APT Aptos Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for APT Aptos is $3.10.
Looking forward to read your opinion about it.
SOL SOlana Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for SOL Solana is $14.30.
Looking forward to read your opinion about it.
BRIEFING Week #37 : Don't try to Time InvestmentsHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Kindly,
Phil
$JPM Weekly Long Swing
NYSE:JPM is showing the following bullish signals in the Leave A Legacy Indicator:
Break & Retest of highs ($144) from Feb-Mar. The break of these highs created a break of structure.
Test of an uptrend created from the low of 2022 and March 2023'
Break and retest of a downtrend created from the high of 2022 and Jan. 2023
Swept buy side liquidity from the week of Aug. 21' (Untested Low $145.46)
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