A Rare Sight for this Indicator on SPYMany times this indicator has signaled exceptional buying opportunities. However, a cross below can bring much pain to those unaware.
Is the market ready to finally roll over or are we going to see the FED back off? In my opinion, the latter is extremely unlikely.
AMEX:SPY
Long-short
GALA/USDT Price Action| Lower Range| Trend| Volume Evening Traders,
GALAUSDT’s immediate price action is trading towards a lower level of support that has confluence, allowing for a bullish bias,
Points to consider,
- Price Actin Corrective
- Lower Range Support
- Declining Volume
- RSI oversold
GALAUSDT’s immediate price action is corrective and is trading towards a level of support that has confluence with the range low and POC, allowing for a bullish bias.
The current volume profile is on a decline, an influx is highly imminent on the next expansion.
The RSI is current oversold, an oversold bounce play will be probable on the next expansion.
Overall, in my opinion, GALAUSDT 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
And remember,
“If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
GRWG Range High| PA Range| Declining Volume| RSI Extended Evening Traders,
Today’s analysis – GRWG – trading towards a technical location where a bounce is probable,
Points to consider,
- Price Action Corrective
- Range High Support
- Order Bock Confluence
- Declining Volume
- RSI Extended
GRWG’s immediate price action is trading towards its Range High that has technical confluence with an Order Block, allowing for a bullish bias.
The current volume profile is on a decline, an influx is needed for a strong bullish expansion.
The RSI is currently extended, a reversion to its mean is and bullish control zone is likely on the bounce.
Overall, in my opinion,
GRWG 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
And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
AUDUSD Local S/R| Daily S/R| Price Action| Trend Evening Traders,
Today’s analysis – AUDUSD – price action is trading towards a key trade location where a reversal is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- .618 Fibonacci Confluence
- Low Volume
- Trend
AUDUSD’s immediate price action is trading impulsive and is trading at a trade location that is in confluence with the Local S/R and the .618 Fibonacci, allowing for a long bias.
The current volume profile is below average, an influx is needed on the next expansion.
The trend is current up with consecutive higher low, a continuation if more likely.
Overall, in my opinion, AUDUSD 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
And remember,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee
Juicy wick off the daily s/r (BTC) $45,300Hello,
That was a juicy hourly wick we just got and closed with an inverted doji candle which is bullish.
Seems market structure is making an attempt to flip $42,900 into support and we just bounced off the demand zone (old resistance, new support)
higher low with a push back into market structure high range zone around $45,300?
USDCHF Double Bottom, Swing Low, Price Action, Trend Evening Traders,
Today’s analysis – USDCHF – trading at a potential double bottom formation where a bounce is probable,
Points to consider,
- Price Action Corrective
- Double Bottom Support
- Structural S/R Resistance
- RSI Oversold
USDCHF’s immediate price action is trading at a key location that has equal lows, allowing for a bullish bias.
The Structural S/R is current resistance, testing this level is highly probable once a bounce get on the way.
The current RSI is over-extended, a reversion it is mean is likely from current extended regions.
Overall, in my opinion, USDCHF 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
And remember,
“It’s OK to be wrong; it’s unforgivable to stay wrong
EURJPY continuation -markup-EURJPY is still bullish so I'm happy to look for buys to maybe target the supply zone above us.
I'm waiting for a retracement into our supply to take a short-term sell and then I will look for buys.
keep in mind to mark all these zones on your own chart so it's much more clear for you.
this is no financial advice!
EURAUD markup!EURAUD made a break of structure and is now retracing to the order block so I'm bullish on EURAUD but for now we still need to go down more so be patient and maybe take some sells from the supply.
for buys I'm looking for choch or boss in the demand zone don't take a buy order blindly.
no financial advice
GBPJPY Keep it on the watch list!GBPJPY is really bullish on the higher timeframes but we tapped into a supply zone.
and from there we started a range but you can see we shifted bullish again after touching a small demand so there is a possibility we go higher into supply and maybe break it but we will see from there
no financial advice take your own risk!!
Only shorts here are scalps for nowPlease remember this is only 1 hour time frame analysis
In the hourly time frame we have seen a Blue Vector candle at the base of the short scalp. Target was hourly 50 ema so we were out before it flipped and turned Blue. Especially since the candle that took us to our target was a Red Vector.
Now what does this mean? well for the hourly at least,price is likely to continue up on this rally, or at least try and retest recent highs.
Now what that means for people trying to catch the "mother" short? It may just mean entry will be at a higher price.
Since 110122 we have 5 short scalps one long scalp and currently the beginning of what may be a long for a bit based on Blue Vector at base.
We are still overall Bearish I guess even though the chart is huffing and puffing as if it's seen Red. (Bullish)
It is a case of how far up it can go before dropping. For this reason we keep minimum Sell limits on Gold at a time like this as there is a chance it can blow past all of them in an afternoon, activating and stopping them out as no one can stop Gold when its pumping hard.
Just an update is what we bring I guess, and currently 1823,25, 27 and 28 have come good so far for short scalps.
With this Blue going on we can see Gold maybe getting cheeky and doing a pump on a given day/week to take us to some of our higher entry prices.
For that reason we are long until we see purple or we see some more Green Vector recovery of Red at higher level even on smaller time frames.
We are still looking at the following levels for short scalps and still firmly believe that one of them will send price down below 1700 again with the right conditions and timing:
1830,1833 - 1835, 1840, 1845, 1847, 1850, 1856, 1864. (look out for the 200+ pip override fake out that happened in June and November)
Any fake out override to the upside is still a great opportunity to ride longs but just know anything that is manipulated,especially must come down!
Keep your short scalps disciplined until one of them isn't a scalp anymore and keep your long entries as low in the chart as possible, don't be greedy on Gold and trust your analysis and ignore the noise.
Good luck guys!
This is not financial advice ad should be taken with a pinch of salt
Bitcoin drop $ 41,800? Or $ 46,000?On this chart, we want to show you the possible outcome where the price can potentially direct.
Many of you see this zone (channel / flat)
It has boundaries:
Upper limit: 44066-44180
Lower limit: 43518-43435
Going beyond these boundaries, as well as fixing the price above these price values (the price should remain above / below) on the 4-hour timeframe, will show you where the price will be go.
There is no need to complicate trading, only to observe risk and money management. For those who know how to trade flat, we have not seen the best option in a narrow range for a long time.
In our opinion, we expect the price to drop to 42000-41800.
Because:
This is a liquidity zone
is a return of the price by 50% of the price movement
- this is breaking a potential figure (cup) and collecting stop losses of those who trade with a 2-3x leverage with a large volume
Also, given that the trend is downtrend (red resistance line) and in addition
the expanding wedge of wave structure 1-5 should end
Pc The only fact that we are given doubts is sentiment (most people short the market) and on the number of short stop losses, the price can lead to an impulse for our channel.
Observe risk and money management. Trade only with stop loss and strong zones. Remember, the market loves to punish those who ignore it.
NEARUSDT Elliot Wave| ABC Correction| Price Action| Trend Evening Traders,
Today’s analysis – NEARUSDT- trading in a potential Elliot Wave where a correction is probable,
Points to consider,
- Price Action Impulsive
- Wave 5 Completion
- ABC Correction
- Low Volume
- RSI Bullish Control
NEARUSDT’s immediate price action is trading in an Elliot Wave structure completing a potential WAVE 5 for an ABC Correction.
The current volume profile is below average, an influx is highly imminent on the next expansion.
The RSI is current trading in its bullish control territory, breaking below its 50-Mid Line is indicative of weakness.
Overall, in my opinion, NEARUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb