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GOLD: Possible cup and handleThe situation with Gold is complicated. It looks like a cup and handle, which does not mean that you throw you money at it going long. This is a very wild market. Check it out. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
OANDA:XAUUSD
by Captain_Walker
APEUSDT WeeklyS/R| Range POC| PA| Trend Evening Traders, Today's analysis = APEUSDT - trading in a strong downtrend where a reversal is probable at the local trade location. Points to consider, - Price Action Correction - Bullish OB Support - POC Support - Low Volume - RSI Extended APEUSDT's immediate price action is trading towards a key trade location that has technical confluence with a Bullish OB and a POC, allpowing for a bullish bias. The immediate objective will be a reclaim of the Weekly S/R, this will signify strenght. The current volume profile is on a decline, an influx is highly imminent on the next expansion. overall, in my opinion, APEUSDT is a valid long with defined risk, price action is to be used upon discretion/management. hope this analysis helps Thank you for following my work
Long
by The_Alchemist_Trader_
3
Sidemarket SPX 2 May 2022With the daily close of 1 May, with 80% confidence, we can assume that SPX TOP is going to be around 4200 SPX BOTTOM is going to be around 4065 From Volume point, we can see that the POC is around 4150 area From volatility point, we are in the 75th Percentile of HV, with an aprox daily movement of 1.46%, while current VIX is around 33 / sqrt(252) an aprox 2% implied daily movement. So currently IV > HV, good moment to be a seller to benefit from overvalued option selling. From the fundamental POV, news that can affect it ISM Manufacturing PMI (Apr) , where the current forecast is bullish. From the intraday mode, we can see as well we are in the middle ground(sidemarket) I believe currently since is the beginning of the month, the overall sentiment that I have is sidemarket So an IC 4200/4050 can be a very safe bet with a very positive R:R
SP:SPX
by exlux
Btcusd 02 May 2022With the daily close of 1 May, with 90% confidence, we can assume that: BTC TOP is going to be around 40k BTC BOTTOM is going to be around 37k Since the opening of the candle we can see that slowly the market moved in the long direction, approaching the 39k area Our moving average rating, gaves us a LONG entry on 15 min at the beginning of the daily candle.(38300), and on 30min, at 38600 From Volume point, we can see that the POC is around 39k area, so if you dont want to enter now, you can until 39k is being broken and start the scalp position From the fundamental POV, news that can affect $/BTC ISM Manufacturing PMI (Apr) , where the current forecast is bullish. I believe currently we can scalp a long position, before we test the 40k area which we can use it as a take profit point and enter a potential scalp short entry .
INDEX:BTCUSDLong
by exlux
S&P 500 Piercing Candle SupportIn my opinion the only support level that matters right now is the low of the bullish piercing candle that was formed on February 24th. Similar to a bullish engulphing candle it signifies a change in trend. The piercing candle is formed on a strong rally day with heavy volume after a sell off. Ideally the piercing candle should penetrate at least 50% of the previous candles body. In this instance we see price rejection at the 4500 level on February 9th which lead to a sell off through February 23rd. On February 24th buyers stepped in on heavy volume and put in the low for the year thus far. Afterwards there was a brief rally followed by a selloff only to see the rally resume. Unfortunately for the bulls the rally lost steam and price rejection was again put in at the 4600 level. It's not uncommon to see the low of the piercing candle tested before the low is confirmed and a sustained rally can take place. If the low of the piercing candle doesn't offer support then the minimum downside target would be in the 3600 range putting the index firmly into bear market territory. Good Luck To All!
SP:SPX
by Breakout_Charts
GBPJPY PROJECTION On the Daily TF price had broken a MAJOR structure area. Result creating a HH then a minor retracement which was a 23.6% on the fib. Price then created a HH then a Really Steep Retrace. Coming to an area of confluence with an area of exhaustion, hitting 38.2% (meaning being an official HL point), As well at a 160.000 QP level. Waiting for price to create an engulfing variation orrrr wait for a break of a strong area of resistance/structure to then look for buys. Now on the H4 TF. we see that price is obviously in a steep countertrend to create that HL, So Ill be waiting to take a sell when price created a LH .
by RoyRoshae
5
$SPY Inflection PointThe low of the February 24th candle is hard support in my opinion. That candle formed a piercing reversal with the previous days candle being penetrated well into its body after the selloff. Heavier then average volume confirmed the bottom and reversal. Unfortunately for the bulls the rally was rejected back at the former swing high in the $450ish range, forming a double top. However, the anchored VWAP of the Feb 24th rally candle held as support. Not all was well though. An evening star pattern formed from April 19th to the 21st. That evening star pattern was confirmed on todays big sell off and the anchored VWAP support was sliced like hot knife through butter. If the support from the Feb 24th candle is broken then there's a considerable downside to around the $360ish range. Thanks for reading. Good Luck To All.
AMEX:SPYShort
by Breakout_Charts
BTC Movement in Daily Timeframe Can Touch 47K !!!This is my first idea in trading view 4/22/2022 after 24Day price reduction I think we should have another pump to 47K before that we able to touch 35K !!! as you can see technically price after losing 43K ,now Price can break out long channel (Blue Channel) that made in 22Jan2022 to 35K easily. we have another big Dynamic resistance (Shown with red color ) in 40K after break 40K price can touch 47K again . 👾News Channel👾 : @purpleEx 👾Music Channel👾 : @Prpltime 👾 VIP Channel 👾 : @PexVIP
by Younesghaderi
2