Overview on S&P / 6C / 6E / Gold / SilverJust ran down a major overview on where I'm at in responding to a few messages. I left my last scenario mid December where I stated the S&P was overheated and was likely to come down, even if I didn't have a strong enough signal to go for a longer short on the market.
As I had said then, I was mostly interested in the 6E. I made a large chunk off buying the dip on the 6E and cashing out on trends, to include the launch off it recently had. I'm now done with the 6E for the moment.
My current focus is on 6C. The algorithm and math have taken a turn that the 6C is ready to rebound. I entered into it at just under .69, I did have to roll over into the newer contract, but even with the last couple down days, the math still supports a rebound. I almost cashed out today when it had a rough start and fell at .5%, but held through and we have mostly recovered for the day, leaving us with a fairly bearish candle pattern to support the ongoing uptrends pulling is higher.
When it comes to gold, we have multiple trend violations against the 1hr, 2hr, 3hr, 4hr, and 6hr of lower highs. I expect a downswing to correct these, as they are long overdue for some time now before we move higher. I do believe that Gold is destined for higher, just not yet. I haven't gotten any longer-term signals for gold, so I've mostly been shorting in swing trades to net just a couple thousand on this issue.
I am getting a signal on Silver that it is ready to launch. It is not a flawless signal to show it is ready to meet new highs, so I may watch it tomorrow, but ultimately, I may feel more comfortable jumping into silver over gold for a rebound instead of quick shorts. Also, silver has less margin, so it ties up less of my account.
That is where I sit, hope your trades go well, and remember your risk management.
Multiple Time Frame Analysis
Mid-day bullish trendFX:USDJPY
Technical Analysis:
The trend structure on the four-hour chart is bearish.
The trend is correcting (upward movement) due to the formation of a bottom at 146.53. From the buyers' perspective, if the resistance at 151.17 is broken, it can reach the next resistance at 154.86. From the sellers' perspective, as long as the resistance at 151.17 holds, it can prevent price growth and pull the price down to the bottom at 146.53.
$DOGE - Bear Trap BuyReposting my analysis from 3/8 as it was delisted b/c I referenced a non-TV external account. Also, a disclaimer since I've quickly discovered that people like to chirp and demean ideas on TV:
This is an IDEA. I maintain bull and bear cases for every underlying I analyze. My opinion about an underlying can change exceedingly quickly based on price action and how price's evolution either confirms or violates TREND (I define trend scholastically, NOT inferentially). I also may have 1 directional opinion about a security's higher timeframe and an opposing directional stance about a lower TF. Markets are fractal. Any serious trader/analyst understands what I'm articulating. This business is NOT about predicting. It is about understanding participant psychology, order flow, statistical distribution, risk vs. reward, profit margin, and probabilities.
With that said, here's my post from 3/8:
This is a technical (supply/demand) setup and is not a fundamental endorsement for CRYPTOCAP:DOGE ownership. $DOGE/USD (and crypto more broadly) has declined markedly (~60%) from December '24 highs. Late last month, low-quality daily demand (0.2021-0.1853) produced a minor bounce. DOGE quickly found sellers in advance of the opposing 1D supply zone (0.2428-0.2615), though, and was rejected. DOGE/USD appears poised for further near-term downside, with the weekly RSI threatening the 40 level.
If DOGE/USD presses lower and trades < 0.1813, the next pocket of daily demand = 0.1700-0.1419. More significantly, DOGE has a well-formed weekly buy zone @ 0.1513-0.1280. DOGE/USD's intermediate-term uptrend is controlled by 0.0805 (low of the corrective segment 3/25/24 - 8/5/24). Trend-continuation buying is valid within the bounds of the corrective segment, which DOGE traded into in early Feb. Buys are supported by 78.6% and 88.6% Fibonacci retracement levels and, to a lesser degree, Anchored VWAP + 1W Bollinger Band lower bound (not pictured).
Given crypto's broader price action and bearish momentum, confirmation entries are recommended. Potential buyers, depending on risk tolerance, should reference intraday timeframes for trend reversal signals vs. "catching a falling knife". Should DOGE bottom, preliminary target (T1) would be in advance of weekly supply @ 0.2398-0.2874 (use LTFs to refine and ID smaller sell zones that could challenge a rally). Trading > 0.2874 sets the stage for higher prices, with T2 supply 0.3288-0.3648. If DOGE/crypto approach T2 prices with significant bullish momentum (reference RSI), we could see subsequent prints in excess of December's 0.4846 high.
As always, feedback's welcome. Godspeed!
JHart
Bitcoin ($BTC) - Hoping for a Short-Term RolloverBitcoin bounced from the daily demand (76874.75-74306.67) that was highlighted in my "Bitcoin Uptrend Continuation" post from 5 days ago (see related post below). However, the rubber will now meet the road as BITSTAMP:BTCUSD could break higher or continue lower from current price. The in-play 1D sell zone, which is admittedly doesn't have great structure, is 86267.86-92920.42. Ideally, short-term CRYPTOCAP:BTC momentum, per the RSI, would be weaker than it is, but momentum is still soft per the daily oscillator. I'm not looking to short BTC blindly, but rather am stalking it via LTFs and will execute a confirmation short if evidence of the near-term uptrend (established 3/10) violation/termination materializes. If the intermediate-term downtrend continues, T2 = sub-$70K.
Anyway, just an idea. For those looking for longer-term buying opportunities, a near-term selloff should be viewed as a positive. Futures open in ~5 hours and can always be used to hedge longs if we get a breakdown.
Thanks for reading. Thoughts/feedback appreciated!
Jon
@JHartCharts
Bearer of Bad News - Short $XRPI originally posted this idea several days ago, but it was flagged b/c I linked one of my social media accounts. Apologies for any typos - the format of my post got jacked up after copying/pasting. Crypto's going to break one way or another from current levels. Bitcoin has a wide supply zone (not super strong) 86267.86-92920.42, so watch how it reacts...
Strictly technical setup here. Near-term demand/buy zones were good for bounces across the crypto space. However, buying has been fairly tepid. Given the technical structure for many crypto underlyings, this is unsurprising (addressed in CRYPTOCAP:DOGE ( COINBASE:DOGEUSD ), CRYPTOCAP:BTC , CRYPTOCAP:TOTAL ideas). Barring a catalyst, it seems more likely that crypto (and risk assets generally) will trade lower before higher.
Unfortunately for bulls, BITSTAMP:XRPUSD has levels of daily supply near current price. Per the 1D chart, sell zone = 2.3265-3.4106, 2.5032-2.6487. Additional sellers are likely lurking between 2.6487 and 3.0153, though LTFs need to be analyzed for identification. If the RSI is printing < 60/65 if/when price reaches the abovementioned ranges, CRYPTOCAP:XRP could roll over and commence another bearish impulse wave. Use micro-timeframes to watch for signs of uptrend violation/termination + to confirm any short entries/long exits.
To bolster positional confidence, observe other cryptos, especially larger market caps. Correlative behavior can be a very helpful trading "odds enhancer". If other majors rally w/ significant volume/momentum, XRP will likely follow. Conversely, if BITSTAMP:BTCUSD , BITSTAMP:ETHUSD ( CRYPTOCAP:ETH ), etc. fizzle out, expect XRP to do the same.
If this idea materializes and shorts regain control, daily demand = 1.5414-1.2843, 1.1222-1.0033. Fib retracements reinforce the aforementioned buy zones. Because of the explosive nature of XRP's 2024 rally, the monthly/weekly charts have "tradeable voids" (expanded-range candlesticks). While traditional technicals tout large candles, they're a double-edged sword. Their elongated nature is often reflective of limited trading and gaps in order flow, which can have a vacuum-like effect if/when prices correct. It's great when you're on the right side of the trade creating the candles, but there's also not a lot of unfilled orders to stop price from moving rapidly in the opposite direction. So, if XRP sells off, don't be surprised if price moves quickly.
I'm a fan of confirmation entries vs. "catching a falling knife". Referencing RSI momentum + using micro-TFs to ID trend reversal signals can help prospective buyers reduce risk (and/or increase position size). When volatility strikes, preservation is paramount.
Thanks for reading! Feedback/engagement welcome.
Jon
EURCAD Breakdown: Major Reversal Incoming? Watch This Setup!In this video, we analyze a high-probability trade setup on EURCAD, breaking down key market structure shifts and potential reversal zones. 📊
🔹 Massive impulse move into key resistance – Is a pullback coming?
🔹 Breakdown of bullish structure – Signs of a trend shift?
🔹 Key entry & exit points mapped out – Waiting for confirmation at 1.5595
🔹 Targeting major liquidity zones – Potential downside to 1.5523, 1.5400, and 1.5155
If price rejects our marked resistance zone, we could see a strong move downward, stopping out euphoric buyers and creating new trading opportunities. But what if it breaks above? We discuss both scenarios and how to react accordingly.
📍 Watch until the end for a full breakdown and trade execution strategy!
💬 Drop your thoughts in the comments! Do you see something different in this setup? Let’s discuss.
🚀 Like, share, and follow for more market insights!
NZDJPY: Time For Pullback 🇳🇿🇯🇵
I see a nice opportunity to buy NZDJPY after a test of a key daily support.
As a confirmation, I spotted the insidebar pattern with a breakout
of the upper boundary of its range.
I expect a bullish movement at least to 85.75
❤️Please, support my work with like, thank you!❤️
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XAUUSD Update – 4H POI Holding, Monitoring Longs
🔹 Price has retraced into the 4H POI and is now reacting on the 15M.
🔹 Still trading within the overall range and discount zone of the move.
🔹 Price has just closed above the POI, confirming strength for now.
🔹 Currently long and monitoring trades – staying flexible as anything can happen.
Let’s see what prints. 📈🔥
XAU/USD 20 March 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has very nearly printed a bearish CHoCH following printing further all time highs.
CHoCH positioning is very near current price.
Remainder of my analysis remains the same as yesterday's analysis dated 19 March 2025
Price has printed a bullish iBOS, however, I will apply discretion and not classify as a bullish iBOS due to very insignificant pullback which would distort internal range. Therefore, I have marked the iBOS in red.
Intraday Expectation:
Await for price to indicate pullback phase initiation by printing bearish CHoCH. ChOCH positioning is denoted with a blue dotted line.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
Price could also be driven by President Trump's policies, geopolitical tensions and economic decisions which are sparking uncertainty.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Again, since yesterday's analysis, price has continued to surge to new all time highs, largely fuelled by geopolitical tensions. Gold is solidifying itself as a safe haven asset.
Price has printed a further bullish iBOS followed by a bearish CHoCH to confirm internal structure.
Intraday Expectation:
Price has mitigated M15 demand zone. Technically price should target weak internal high priced at 3,057.590.
Alternative scenario:
You will note internal range has significantly narrowed. All HTF's require a pullback, therefore, it would be completely viable if price printed a bearish iBOS.
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
USDJPY SHORT - long term downtrend continuationThe white line on the chart is a path drawn from the daily chart, we have had a nice correction to the green line marked on the chart.
Expecting a retest of the level marked by the red line before a day trade short running down to the previous low created on March 11th.
If it breaks back in to the zone marked by the red and green lines, then I wouldn't take the trade but for now all signs show a continuation of the downward trend.
Order Block @149.84 |Sell SignalPrice is in an overall downtrend but it was in a short-term uptrend. It created a change of character which indicates an end of the short-term trade. No I'll wait for price to retrace and mitigate the order block that lead to the change of character. I'll wait for confirmation in order to enter a sell position.
Order Block @19918 |Sell SignalPrice is in an overall downtrend, it was retracing when it created a change of character indicating the end of the retracement. It then came back to mitigate the order block that lead to the change of character but didn't give any confirmation for entry so now I'm waiting for price to give me a possible liquidity sweep and giving a sell confirmation.
Will 23000 level act as a RESISTANCE!!?Following the structure we can see NIFTY is heading towards 23000 levels which is both a psychological level and an important trendline resistance hence we should wait for candle to close above 23000 levels for confirmation of further uptrend else we can see strong rejection from the given levels so plan your trades accordingly and keep watching.