im still bullishlast daily deviated from my trendline. to me that could be a swing fail and a shakeout to shake weak hands.
reasons to consider: there is CPI data today and on 10/10 theres the tesla robot event a big fail could prove to be a priced in scenerio and the start of the nuke today with the following nuke tomorrow.
for me i am a big believer of tesla so im bullish for me i may have another buy oprotunity on the vola vola today.
as for the pattern in question we have a 48% on the cup depth 32% on the handle depth 44% on the parallel channel that is still part of the handle.. make of it what you will.
i dont believe tesla will break out before the 10/10 but will swingfail the down level even (especially) on bullish cpi data (if anyone knows how hedge funds like to operate).
there are bad lows at our current level and at 226 (which is also previous resistance)
a sweep would be an amazing bullish retest that may or may not fail but the oprotunity is there and it all depends on how aggressive you'd like to trade or invest.
Trendlines are current value ranges
The upper teal drawings are potential double top that has formed and if we reject a potential double bottom (rsi will print an rsi div on 30 mins and may potentially swing up to the upper part of the channel causing an overbought on 4hours and daily)
Vwap will confluence with the 100 daily ema that could potentially be a good entry but there's also the potential of the 150 and 200 bullish retest even though in my opinion that would ruin the cup and handle entirely although the liquidity idea would stay the same i'd be sad to see the pattern go.
if we dont swing fail the bullish retest i will look to swing fail the lower trendline for another liquidity pool grab which is also the yearly value area poc.
if all fails and we go bearish on tesla i will trade the consolation prize from valow to vahigh (a lower high and on the higher timeframe and a full rotation play)
the bullish idea is if tesla preforms and the vah turns into the new poc/val and said new value range would be between current to 400-500
i hope i made enough sense and that my ideas are interesting for you. good luck to everyone.
Liquidity
Fundamentals Favoring a Bullish USDJPY:What Traders Need to KnowIn today's trading environment, the USD/JPY currency pair presents a bullish opportunity. Here are some key fundamentals that support this bias, along with an explanation of utilizing probabilities for positioning long trades.
Key Fundamentals Supporting a Bullish Bias on USD/JPY
1. Bank of Japan's (BoJ) Monetary Policy: The BoJ has maintained its accommodative monetary policy, refraining from committing to predefined rate hikes for the remainder of the year. This stance is likely to weaken the Japanese Yen against the U.S. Dollar as traders anticipate continued divergence in monetary policy between the Fed and the BoJ.
2. U.S. Economic Growth: Recent data indicates a pickup in U.S. economic growth without significant inflationary pressures. This environment supports a stronger U.S. Dollar as it suggests that the Federal Reserve may not need to cut rates aggressively, contrary to some market expectations.
3. Market Sentiment: The overall sentiment in the forex market is leaning towards a bullish outlook for the U.S. Dollar, particularly against currencies like the Yen, which is under pressure due to Japan's economic conditions and the BoJ's policies.
Utilizing Probabilities for Long Positions in USD/JPY
When trading, I prioritize using probabilities to enhance my decision-making process.
In conclusion, by focusing on probabilities and key fundamental indicators, I am strategically positioning myself for potential long trades in USD/JPY.
This method not only enhances my trading confidence but also provides a structured approach to navigating market volatility effectively.
Let's dive into my comprehensive top-down analysis together:
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XRPUSD: Bullish Setup AheadAs I prepare to share my bullish trade idea for XRPUSD on TradingView, several key global fundamentals align with my positive outlook. Here are a few significant factors to consider:
1. Regulatory Clarity: Recent developments in cryptocurrency regulation, particularly favorable rulings for Ripple Labs, have boosted market confidence. This clarity is essential for institutional investment and long-term growth in the crypto space.
2. Market Sentiment: The overall sentiment in the cryptocurrency market has shifted positively, with many traders anticipating a bullish trend. Indicators such as the MACD and Stochastic Oscillator suggest potential upward momentum, reflecting a growing interest in XRP as a viable investment option.
3. Technical Analysis: Current technical indicators show that XRP is poised for significant moves. The Relative Strength Index (RSI) is in a neutral to slightly bullish zone, indicating room for further upside before reaching overbought conditions.
In my trading strategy, I will utilize probabilities to position myself for long trades in XRPUSD.
Share Your Thoughts in the Comments Below!
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SMC MODULEIn this analysis we are focusing on 1H time frame for GOLD. I'm looking for a potential sell today according to the market structure. Let's see what happens and which opportunity market will give us. Let's delve deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Always use proper money management and risk to reward ratio.
This is just my prediction or analysis.
#XAUUSD 1H Technical Analyze Expected Move.
Bitcoin scenarios updateDue to the supply of Bitcoin liquidity in the support area of the previous day and the downward range within which it is located, we are still in the bearish market structure in the 4-hour and 1-hour time frames, and it is possible to enter a sell position with confirmation in the specified areas, and this confirmation can be taken in the time frame of 5 minutes with the formation of QM, but direct entry in this area is risky because we are being rejected from the 4-hour level.
Bitcoin is holding the EMA50 on the 1D - This is bullishBitcoin is holding the $60k level pretty well. It's also the lowest region of the EMA50. We are currently in a big mean reversion in my opinion. Check out my other Bull Market Idea why a Mean reversion to the EMA50 on the 1D is 1/3 dips you will get during a bullrun.
TRENDLINE / LIQUIDITY MODULEIn this analysis we are focusing on 4H time frame for EUR/USD. In this prediction or analysis we are using trendline concept strategy with liquidity and price action. So now I'm looking for buy today, because as we know that the market trend was bullish. So wait for price when it reaches to our zone then after confirmation we will place our trade.
Always use Stoploss for your trade.
Always use proper money management or R:R ratio.
# EURUSD 4H Technical Analyze Expected Move.
GBPJPY Buy analysisGJ created a demand OB at approximately 190.300. After that we had a push towards the upside reaching app. 193.00. As price went down, a potential supply OB was created which would be our target due to the confluence of equal highs created right under it. Price pushed further mitigating the 190.300 OB and created a new one once it reacted off of it (This was our entry DOB). Right before the asian session an area of sell-side liquidity was created and our asian session created highs and lows which also acted as liquidity. Right after the asian session, price swept the Asia low liquidity as well as the sell-side liquidity and tapped into the second DOB, This is where we entered. The target was simply imbalance that was made by the push towards the DOB, then the Asia high liquidity and finally the equal high liquidity. Trade went to TP and went even further, pushing through the Supply OB which was our TP.
1D CHART BITCOIN BULLRUN GUIDEThe Idea is simple. We will have 3 hits to the EMA50 on the 1D timeframe on Bitcoin. We saw this price action during the 2021 Bullrun aswell. Check the 1D chart back then. We flushed the many longs positions out of the market yesterday. It was crystal clear imo that we flush on the 1st day of uptober. We can also say that 3 is a psychological number - google it. So 3 hits to the 1D chart EMA50 seems possilbe. Time will tell. Trade SAFE!
LIQUIDITY GRAB MODULEIn this analysis we are focusing on 1H time frame for XAUUSD. Today I'm looking for buy opportunity when price enters into our levels. so wait for confirmation after confirmation we will execute our trade.
Always use stoploss for your trade.
Always use proper money management and R:R ratio.
# GOLD 1H Technical Analysis Expected Move.
4hr Bitcoin mean reversionIt looks like Bitcoin is doing a mean reversion on the 4 hour time frame at the moment. We dumped in the opening of the Asian session tonight. Liquidations are also seen above the current high that we could take out. Let's wait and see what the London and New York session brings and how price reacts. We should be watching closely for a break through the EMA50 on the 1 hour time frame to confirm a continuation of the trend.
SMC MODULEIn this analysis we are focusing on 4H time frame for USD/CHF. Here we are using SMC concept strategy combine with price action. Today I'm looking for buy. Let's see what happens and which opportunity market will give us. Any step can be taken after confirmation without any confirmation we could not execute our trade.
Always use stoploss for your trade.
Always use proper money management and R:R ratio.
#USDCHF 4H Technical Analyze Expected Move.
SMC CONCEPT / CHART PATTERNIn this analysis we are focusing on M30 time frame for GOLD. Today I'm looking for buy with the area of support zone, because market will first drop and then again rise and create a base and again market drop but this 2nd drop is not a clear drop in the shape of BOS, it is a liquidity sweep drop and once market swept this liquidity it will again rise toward upside.
and also we have see inverse W pattern which known as bullish reversal chart pattern. So let's delve deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Always use proper money management and risk to reward ratio.
#XAUUSD M30 Technical Analyze Expected Move.
61.69% Probability for Bullish USOIL TP!Key Fundamentals Supporting a Bullish Outlook:
- OPEC+ Production Cuts: OPEC+ has implemented production cuts to stabilize oil prices, which can lead to a tighter supply and potentially higher prices for crude oil.
- Geopolitical Tensions: Ongoing geopolitical issues, particularly in oil-producing regions, can disrupt supply chains, leading to increased prices as markets react to potential shortages.
- Economic Recovery Signals: As global economies continue to recover from the pandemic, demand for oil is expected to rise, further supporting bullish sentiment in the market.
By combining a bullish bias with a probabilistic approach to trading, I aim to position myself advantageously in the market while managing risks effectively.
Feel free to share your thoughts in the comments below!
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EUR/USD to push above to 1.12299 We can see price on the Euro has been moving bullish as of recent as it is currently retracing on the HTF. I suspect price will push up to the 2day supply I have marked out. price may perform either one of two scenarios before reaching this zone in order to ultimately continue in it's HTF downtrend.
Scenario A:
Market open price pushes down taking both equal low liquidity and trendline liquidity tapping into the 1H demand at the swing low beneath the Asian low then pushing up into the 2day supply taking the triple equal highs.
Scenario B:
Price pushes up at Market open and taps into my 38min zone and continue in its HTF downtrend taking all the liquidity to the downside. This zone is validated by a LTF Change of character. It is also possible price may react from this zone in order to carry out scenario A.
Although scenario B is likely I believe that Scenario A is most likely to play out as this is supported by price breaking structure to the upside and the amount of strong bullish candles to the upside. This also correlates with the Dollar as I am expecting price to be bearish this week on DXY. It is also possible that price may push straight into this 2 day supply without tapping into any of my zones which I would then use as liquidity points and TP targets.
Ultimately, my objective is to be open minded and understand the different possibilities and outcomes of what the market can do and be able to adapt to each scenario accordingly. Hope this analysis helps you going into this week :D
Unlock Trading Success with These Proven Chart PatternsTechnical Analysis of the Trade:
The chart you provided highlights several patterns and levels, which I'll break down into different components for a clear analysis:
1. Market Structure:
Ascending Channel:
The price is moving within an upward-sloping channel, indicating that the market is in a bullish structure. An ascending channel like this represents a controlled trend higher with occasional corrections, providing potential buying opportunities on pullbacks to the lower boundary of the channel.
Trade Implication: As long as price remains within this channel, the overall bias is bullish. A break below the channel, however, would signal a shift in momentum, suggesting a potential sell-off.
2. Bull Flags:
Bull Flag 1 (Lower on the chart):
This flag formed after a strong upward move, followed by a tight consolidation, which is a classic bullish continuation pattern. The breakout from this flag has already occurred, leading to a further upward push.
Bull Flag 2 (Upper on the chart):
Similar to the previous one, this bull flag formed after another sharp move up, indicating a potential continuation. The price is currently in the process of consolidating in this flag, which makes this an area of interest for a potential entry on a breakout.
Trade Implication : Both flags suggest that the market is in a bullish phase. You could consider entering on a breakout above the upper bull flag, aiming for continuation to the upside.
3. Support/Resistance Zones:
1-Hour Liquidity Zones (LQZ):
The chart shows two 1-hour liquidity zones:
Upper LQZ (Around 2660): Price is consolidating just below this area. This zone could act as short-term resistance but would be a strong area for a breakout and continuation move higher.
Lower LQZ (Around 2640): Should the price reject from the upper bull flag, this area is the next potential support zone where price could find liquidity and buyers might step back in.
4-Hour Liquidity Zone (Around 2622): This lower level is a major support area. If price retraces significantly, this could be a high-probability area for a reversal or continuation of the overall bullish trend.
Trade Implication: If the price breaks above the 1-hour LQZ (Upper), it could trigger a bullish continuation. If rejected, you might look for a retracement back to the lower LQZ or even the 4-hour LQZ for a potential buying opportunity.
4. Pattern Confirmation & Confluences:
Multi-Touch Confirmation:
The price has interacted with significant levels multiple times (ascending channel, bull flags, and liquidity zones), strengthening the idea that these levels are respected by the market. This gives added confidence in the patterns you are trading off of, such as bull flags and support levels.
Trinity Rule:
Before entering a trade, ensure you have at least three confluences. In this case, potential confluences include:
Price staying within the ascending channel.
Bull flag formation at the current level.
Proximity to key liquidity zones.
With these three factors, you can confidently look for a continuation to the upside.
5. Price Action Signals:
Correction vs. Impulse:
If the market continues to move upwards impulsively, it supports the bullish continuation thesis. However, if it begins to correct, expect a pullback towards the lower boundaries of the liquidity zones or the lower boundary of the ascending channel.
Trade Implication: If you see a sharp impulse (breakout of the upper bull flag), it could be a signal to enter long positions, while a slow corrective move might indicate waiting for a better entry lower.
6. Risk Management:
Stop Placement:
Place your stop loss below the lower boundary of the second bull flag or below the most recent swing low. For a safer trade, consider setting the stop just below the lower 1-hour LQZ (2640), where price may likely find support.
Trade Implication: This gives the trade room to breathe while protecting against a deeper pullback.
Take Profit:
Based on the bullish pattern, your first take profit should be just above the upper 1-hour LQZ around 2660, with the next take profit near the next liquidity zone or potential resistance levels further up.
7. Probable Scenarios:
Bullish Scenario: If price breaks above the upper 1-hour LQZ and the current bull flag, it could rally towards the next significant resistance level (around 2670-2680).
Bearish Scenario : If price rejects from the upper bull flag and falls below the lower 1-hour LQZ, it could retrace to the 4-hour LQZ around 2620. This area would then offer a high-probability long entry.
Summary of the Trade:
Bias: Bullish (based on the ascending channel, bull flags, and liquidity zones).
Entry Strategy:
Enter on a breakout above the upper bull flag, with the price moving above 2660.
Alternatively, if the price retraces, enter near the 2640 (lower 1-hour LQZ) or 2622 (4-hour LQZ).
Stop Loss: Below the lower 1-hour LQZ (2640) or the recent swing low within the bull flag consolidation.
Take Profit: Around 2670-2680 (based on the next potential resistance and liquidity zones).
NVIDIA (NVDA) - Bullish Momentum Fueled by AI RevolutionKey Fundamentals Supporting Bullish Bias:
1. Surging demand for AI chips driving record-breaking revenue growth
2. Launch of next-gen Blackwell architecture expected to outperform current offerings
3. Expanding market share in data center and cloud computing sectors
4. Strong cash flow and $50 billion share buyback program announced
Utilizing Probabilities for Long Positions:
As a trader, I'm leveraging probabilistic analysis to optimize my long entries on NVIDIA.
By combining fundamental analysis with probabilistic technical analysis, I aim to capitalize on NVIDIA's bullish potential while managing risk effectively.
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What's your take on using probabilities in trading? Share your thoughts and experiences in the comments below! Let's discuss how this approach can enhance our trading strategies.
Have a perfect trading week! 🚀
Navigating BTCUSD: A Data-Driven Approach to Bullish TradingI have a bullish outlook on BTCUSD, and here are a few key reasons supporting this view:
1. Political Changes: Recent shifts in the U.S. political scene may lead to more favorable regulations for cryptocurrencies.
2. Economic Conditions: The economy seems to be stabilizing, with inflation decreasing and growth continuing.
3. Institutional Interest: Big investors are showing renewed interest in Bitcoin, which is a positive sign for the market.
To get into long positions on BTCUSD, I’m using a strategy based on probabilities.
By using this approach, I aim to make smart, data-driven decisions in the exciting world of Bitcoin trading.
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Please feel free to share your thoughts and ideas in the comments below!
Let’s learn from each other and navigate this exciting market together!
Bearish on TONUSD: 58% to 97% Probability of Hitting TP1!Toncoin (TON) is currently facing several bearish pressures in the market:
Key Fundamentals
- Declining trading volume indicates waning investor interest
- Price action below key EMA levels (20-day, 50-day, and 100-day) reinforces bearish sentiment
- Recent completion of a Death Cross on the daily timeframe, the first since May 2023, suggests potential for further downside
- Broader cryptocurrency market uncertainty and regulatory concerns are affecting altcoins like TON
I'm employing probability-based analysis on my charts to strategically enter short positions on TONUSD.
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Hourly timeframes:
Please feel free to share your ideas and thoughts!