SPY Analysis SPY 65m: An acute SPY study shared with peers was used to example the weekly movement of SPY. SPY vs ES was used as a benchmark for S&P Cash Index due to intraday activity (as of recent). Using the 65m horizon, key inflection points were identified using market structure and regression analysis.
Session highs for the index ending the week and quarter and marking a new yearly high with current price for SPY trading at 443.28 at the end of session. With July historically associated as a risk on period for the market, longer term bias for neutral-bullish remains (please seek 6WK study for ES1).
Forward looking (on acute horizon), fibonacci analysis was applied to current structure being developed during price rediscovery and confidence of character being developed where key levels are: 444.30 (HOD), 443.99, 443.62, *443.09*, *442.71*, 441.91, 441.11
*Prices of higher interest using fibonacci application
Bias: Neutral to risk on
ATR: 4.27
Price at time of publish: 443.28 (amc)
Marketstructure
📚 Bow & Arrow Pattern 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Today, I want to share an interesting pattern that I always use to speculate (to an extent) the next move of an asset.
🏹 I call it the "Bow & Arrow" pattern.
This pattern can be either bullish or bearish, but for today, I will be focusing on the bullish reversal patterns.
On the chart, I have highlighted three previous examples for illustration purposes (in red, orange, and purple).
The pattern consists of three cycles:
1️⃣ First, there is a bearish impulse that breaks below a major low.
2️⃣ Second, a correction forms followed by another bearish impulse.
3️⃣ Third, the bulls take over, resulting in a complete shift in momentum.
📉 We can clearly see this pattern playing out nicely on the XRP weekly chart.
If we apply the same logic and pattern to the current price action, we would expect the next bullish impulse movement (3️⃣) to start soon, which should be confirmed on lower timeframes.
🗒 What do you think?
Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
Ethereum Classic to rally toward $21 soonThe H4 market structure was bearish, with the blue line highlighting the bearish MSB. However, the previous move upward that shifted the trend bullish was used to plot a set of Fibonacci retracement levels.
They showed the 50% retracement level at $17.06- a level that was tested a few hours earlier. It offered a good R:R opportunity to long, with invalidation below the 61.8% level.
Traders can re-evaluate the market in case prices drop below $16.43
Entry: $17.31
Stop-loss: $16.28
Take-Profit: $21
R:R: 3.58
BASIC INDICATOR GUIDE & MARKET PHASESBasic Indicator Guide for Trading.
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✅Moving Averages: Moving averages calculate the average price over a specific period to smooth out price fluctuations and identify trends.
✅Parabolic SAR: The Parabolic SAR places dots above or below the price to indicate potential trend reversals, helping traders identify when to enter or exit positions.
✅RSI Indicator: The Relative Strength Index (RSI) measures the speed and change of price movements. It ranges from 0 to 100, with values above 70 indicating overbought conditions and values below 30 indicating oversold conditions.
✅MACD Indicator: The Moving Average Convergence Divergence (MACD) consists of two lines and a histogram. It helps identify trend changes and momentum shifts by analyzing the relationship between two moving averages.
✅ATR: The Average True Range (ATR) measures market volatility by calculating the average range between high and low prices. It helps determine stop-loss levels and position sizing based on current volatility.
✅Bollinger Bands: Bollinger Bands consist of a middle band (usually a moving average) and two outer bands representing price standard deviation. They indicate volatility, with wider bands suggesting higher volatility and narrower bands indicating lower volatility. They also help identify potential price reversals.
Which is your favourite indicator? Comment below👇🏻
EUR/USD VIEW IF POSSIBLEPlease if you found this helpful, kindly give me a like, follow and let us discuss it in the comment section.
First lets us wait for the correction to complete in order to get clear direction. The market price needs to test around 1.07839, and 0.07650 to form a clear bullish trend. We have ABCD already, but let us wait for wave E completion. After E wave we should prepare for the next bullish moves.
Goodluck
The Master Pattern - 3 Phases of the Market | Smart Money THE 3 PHASES OF THE MARKET
The market goes through 3 phases, these phases can be seen on all assets and on all time frames. They happen on repeat.
These phases can be identified and market on your chart, to understand the true intentions of the market and also predict what will happen next.
1) CONTRACTION PHASE
When price forms a LH and HL this is the start of the contraction phase, you draw a box around it. This is when the buyers and sellers equalize and there is low institutional volume. This is a leading indication, letting you know the expansion phase is going to come next.
2) EXPANSION PHASE
As soon as price expands out side of the contraction box this confirms the expansion phase has started. Price likes to whipsaw around the value line multiple times liquidation both sides of the market, this is how the market makers fill their massive orders. This symbolized volume coming back into the market. This is the phase where most retailers lose their money.
3) TREND PHASE
The trend phase is the 3rd phase in the market and this is the profit taking phase. This is the phase where the market makers take profits off their previously accumulated positions. This is the best phase to trade and the safest phase to trade.
When you understand these 3 phases, it can give you a deeper understanding to the Rhythm of the market and help you understand what will happen next.
By knowing what phase you are in, you are able to trade it according to its characteristic's.
The master pattern concepts is the the real smart money concepts.
Hope this helps.
MID TERM - LONG UPTRENDGold is expected to retest the resistance level at $1960 and then retrace back to the $1885 level. Let's break down this idea logically:
Influence of liquidity pools on the potential retesting of the $1960 level and subsequent retracement to $1885 in gold.
Liquidity Pools: A liquidity pool refers to a pool of funds provided by market participants to facilitate trading in decentralized exchanges or other financial platforms. These pools contribute to market liquidity, allowing for efficient trading and price discovery.
Resistance at $1960: If there is a significant liquidity pool near the $1960 resistance level, it can impact market dynamics. A well-capitalized liquidity pool can attract sellers as the price approaches the resistance, potentially leading to increased selling pressure and a retest of the resistance.
Retracement to $1885: Liquidity pools can also influence price retracements by providing liquidity and support levels in the market.
Retracement to $1885: If there is a substantial liquidity pool or a cluster of buy orders near the $1885 level, it can act as a support zone. Traders may anticipate buyers stepping in to take advantage of the liquidity provided by the pool, potentially leading to a retracement in price toward the $1885 level.
Considering the presence of liquidity pools near resistance and support levels, traders who predict a retest of the $1960 resistance level and a subsequent retracement to $1885 may base their thesis on the potential impact of liquidity pools on market behavior.
Please note that market conditions can change rapidly, and various factors can influence gold prices. It's essential to conduct thorough research, monitor market trends, and use appropriate risk management techniques when making trading decisions.
EURAUD I Short opportunity explained 150 + pipsWelcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Engulfing candles = More Momentum ahead ⏳What we can observe here are Daily candles and Weekly Level's. To be more specific : A Daily timeframe Retest of a Weekly timeframe S/R level after a Daily engulfing candle. The weekly candle closing in 3 Hours at or below 1775 Weekly Support level looks great for bears. Bear pressure seems quite overwhelming and is coinciding with the opening of a new weekly candle. After 50 trading days of ranging since April 22nd, it appears price may be attempting to decease with some fundamental factors coming into play. The Technical's are screaming at us now to jump onto the train. This is a good risk/reward idea considering bearish market structure. If I was a buyer, I'd wait to see the size of the new weekly candle bottom wick before making an investment decision. Considering momentum, we must appreciate the fact that the next weekly candle will likely attempt to fill at least part of the current weekly candles bottom wick ( which is -3.12% ).
EUR/USD - London Session June 16 '23EUR/USD trade idea. Main concept behind this is return to fair value after manipulation of the Asian high on London open. Trade is aggressive because price didn't close below the range when breaking out on m15, not confirming a strong market structure shift. On HTF we reacted on a nice FVG and we are looking for a bearish move below to seek balance around the 50% level of the swing we are currently on. Good luck traders
Potential Sell on AUDUSDHere are a few factors to consider as we take on this outlook on the pair:
Weekly
-the weekly structure is STILL bearish, regardless of the current bullish push
-we have returned to the ranging market parameters we had seen in the previous 12 weeks prior to the week of 20th May
-0.68000 and 0.66000 played a pivotal role in price action during those 12 weeks
-we are, currently, at 0.68000 institutional zone
-we are still in a potent selloff to fulfill the -27% extension on the weekly
H4:
-we have (14th June) tapped into the May high and slipped back below it to indicate that we simply grabbed liquidity
-price came up once more and got rejection off the high's level (0.68180) and is currently being maintained under it
-the recent bullish assault on the pair may end up being just that- a hunt for liquidity
-price is currently at the critical price zone of 0.68000
This being the case, the sell trade will be entirely dependent on:
-a break of structure to the downside on the midrange (H1)
-a retracement (preferably back to 0.68000 to fill institutional orders)
-a key level rejection (daily or H4)
-former H4 wick/order zone being tapped
-a fib level to act as minor confluence
Target: 0.67000 overall, generally the -27% extension of the new swing
Please note that, considering recent momentum, we might as well break structure to the upside and abandon the bear market.
If this happens, I shall adjust my view and seek highs above 0.68400.
This is why a break in structure below 0.67500 is critical before engaging sells.
NOTE: this is not financial advice and is just my opinion on the pair. Kindly make financial decisions based on your own assessment and analysis of the market.
EUR/USD -Swing Trade 'Short Opportunity'- Swing Short Trade opportunity for $EUR/USD
Short trade within Ascending Triangle,
which is a Neutral Pattern that can be broken either
to Bulls or Bears.
Demand yells for lower $EUR/USD.
Even on Volume Profile ; 4Hr* (TF)
Stay Sharp !
Until the next one ..
TRADE SAFE
*** NOTE that this is not Financial Advice
Please do your own research and consult your own Financial
Advisor before partaking on any trading activity based
solely on this Idea
Is the Worst OVER? This is the differential of 10yr vs 1yr US bond which represents long term against short term yield on sovereign debt, and those you don't know, short term bonds are used by central banks to control interest rates(amazing uh? the FED does not actually print money) therefore they do use bonds as a tool to control interest rates which then controls the S&D of capital.
As you can see, we are back at a differential which is extremely low, back to energy crisis levels. However, we seem to be already at very low levels, does that mean THE WORST HAS COME? What is going to happen to the stock market?
A very quick and personal thought to sum everything up as I do not consider myself an expert macroeconomist: the market is efficient, meaning that the current price on every single security is traded at all the current public information that is available and if something keeps going up, it means that expectation are in favor of it moving higher.
Hope that explains what I wanted to say,
Feel free to ask question, be safe!
Keep an eye on $BNB/USDTHighly expected BNB price will bounce from here at current price $220
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