XBI: Sellers Finally Taking A Chill PillHey, guys. Appreciate everyone tuning in! Wanted to take the opportunity to review AMEX:XBI . I certainly have a disappointing relationship with this one from past attempts to carry the ETF in my portfolio. Now, I tempt fate again. P.S. hope you don't mind the quick sojourn chat about COINBASE:BTCUSD and the strong weekend move there.
I believe there is certainly a short term play higher in XBI. But I also believe it can lead to a really explosive longer term move as well. I suppose, as always, only time will tell. Hope it was helpful to point out this set up at any rate.
Hope you enjoyed the review, and best of luck out there!
Multiple Time Frame Analysis
Gold Create Elliott wave
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XAU/USD 11-15 November 2024 Weekly AnalysisWeekly Analysis:
Swing Structure: Bullish.
Internal Structure: Bullish.
Analysis/bias remains the same as analysis dated 27 October 2024
Price has continued its surge, reaching new all-time highs with no signs yet of bearish pullback phase initiation.
The initial indication of a pullback would be a bearish Change of Character (CHoCH), marked by a blue dotted line. Price's ongoing ascent has now positioned CHoCH significantly closer to most recent price action.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold's price has maintained its upward surge after printing a bullish Internal Break of Structure (iBOS), fueled by softer U.S. macroeconomic data and intensified geopolitical tensions.
In my weekly analysis dated 27 October 2024, I mentioned that price could potentially reach new highs, moving the bearish CHoCH positioning closer to current price. This shift would create a realistic opportunity for price to indicate the start of a bearish pullback phase.
This forecast played out as expected, with CHoCH positioning repositioned significantly nearer to recent price action subsequently printing a bearish CHOCH.
Price is now trading within an established internal range.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis/Intraday expectation remains the same as analysis dated 08 November 2024.
Price has now printed a bullish CHoCH indicating bullish pullback phase initiation.
Price has reacted from premium of 50% established internal range.
Intraday Expectation: Price is expected to weak internal low priced at 2,643.355
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
EUR/USD Crash????We can a clear downtrend forming with pairs like the euro and the pound that go against the dollar. The Euro has shown clear signs of bearish downfall through the vast number of bos to the downside and the vast amount of liquidity below that needs to be taken.
In the first scenario we see the possibility that price may move up to fill the IMB taking out any early sellers before continuing in the downtrend targeting the EQL liquidity below.
In the second scenario which I believe to be more likely, we see the Euro drop taking out the EQL liquidity before having enough momentum to retrace into 4H IMB or fill the IMB and push up towards the 6H supply and then crash at least until the bullish momentum on the dollar dies down and markets begin to form clean market structure rather than such euphoric price action
DOGEUSDT.P / LONG / M15DOGEUSDT Potential Rise from the Bullish Order Block
Bullish Order Block: 0.22732 and 0.22377
Analysis: DOGEUSDT is currently in a bullish order block between 0.22732 and 0.22377, which suggests a potential support zone where buying pressure could increase. Price has already touched this order block, indicating it may be primed for a rebound.
DOGEUSDT.P / LONG / M15
Leverage :- 75x
Entry Price :-0.22888
Take Profit :- 0.23843
Stop Loss :- 0.21933
GBPUSD Live Week 46 Swing ZonesRecovery in full with extra credit characterized Week 45.
Trading with $200 gives about 10-15 trades using 10-15pips SL.
SZ are calculated based on previous 2 weeks high/low with price action being the key determiner using multi-time frame candles.
dtp: dynamic take profit
SL: stoploss
If you have #BNB, this is for you :)There is an important zone in the range of $630-640 for #BNB that will be tested in the next few days, if this zone is broken. Then stabilizes, the price will be ready to break new highs like $800. In the area of $640, we will see the initial unloading of buyers and then the price drop, if the trend line remains on the valid form after this drop, the validity of the trend will be very high to break $640.
Bitcoin (BTCUSD) - There's A Problem...On the 29th Oct 2024, you would expect a blow out top, sweeping all time highs, running on all time highs whilst maintaining a strong bullish closure going into the ending of the week but what we are seeing right now is a bullish shooting star formation with the candle body currently under the previous 2 weeks highs. This signifies weakness in bullish momentum, especially if price closes this way on Sunday.
Relief retracement back down to $65,000, even if it's a manipulated spike down to that region does not seem far fetched.
Gold (XAUUSD) - Is $3,000 Per Oz Possible In 2024?There is growing sentiment for gold to reach $3,000 per oz, with the market peaking @ $2,790 current all time highs.
Minor retracements is healthy in the grand scheme of the bull run and bearish continuation down to the daily fair value gap @ $2,214 - $2,697, taking daily buyside liquidity is a reasonable draw going into next week.
EUR/USD - Will We See Bearish Continuation? Much clearer price action than GBPUSD, with Friday rejecting the weekly order block, closing below the prior days low.
Daily bullish order block up for grabs, aiming for low hanging fruits @ 1.07793 - 1.08069.
Very cautious as the US elections is right around the corner.
GBP/USD - Fickle Market Conditions There will be times where higher probability conditions presents itself in GBPUSD but for now, the market is riddled with high resistance, ever since we have dropped down into a discount below 1.30497.
With the election taking place on the 5th November 2024, next week, i am expecting volatility.