SMCI to $60? When?!?In this video, I use the Magic Linear Regression Channel , Multi VWAP , and Magic Order Blocks indicators to build a case for a $60 SMCI target. In short, it might be a few months away. Using a linear regression channel starting on May 8th, 2024, and ending October 29th, 2024, we can see that the channel is respected at multiple levels.
In today's trading, we see a rejection from the Inner Fibonacci Level - Upper in the Magic Linear Regression Channel tool. I was expecting this a few days ago based on the projected channel.
With the Multi VWAP indicator we see that the price is currently above the 5-Day anchored VWAP (AVWAP). It can potentially continue to hold that and go through some consolidation before heading back to the top of the channel. At which point, it could reject or consolidate more.
I suspect that with the accounting issues behind them, SMCI price will continue to recover. However, above the upper channel lies the year-to-date anchored VWAP, which should be at around $60 by the time SMCI can get there. This will be a level of interest.
On the daily chart, we see that the 5D AVWAP gets respected with a bottom wick on the 15min chart that tags it almost perfectly at around $39. We also see an order block acting at support at that same level using the Magic Order Blocks indicator. That gives us further evidence that we could potentially have the 5D AVWAP holding price up as support during a period of consolidation.
Should SMCI continue its bullish momentum, there are two potential areas of consolidation - if not outright rejections - at the Inner Fibonacci Upper level and at the upper linear regression band. If it makes it through, the next target will be the YTD AVWAP.
Orderblocks
Bullish Gold: Recent Signals Point to Upward Momentum** Bullish Gold: Recent Signals Point to Upward Momentum **
Gold has been displaying strong bullish tendencies lately, and our latest analysis suggests that the price may continue its upward trajectory toward the next resistance level. After carefully analyzing the charts across multiple timeframes, from 1-minute to 45-minute intervals, we’ve identified compelling signals that favor a continuation of this upward movement.
**Key Observations**
1. **Technical Indicators:**
Recent price action shows a series of higher lows and consistent testing of key resistance zones. This structure aligns with a bullish trend, signaling strong buying pressure in the market.
2. **Momentum Analysis:**
Momentum indicators, such as the Relative Strength Index (RSI) and Moving Averages, confirm a positive trajectory. On smaller timeframes like 1-minute and 5-minute charts, gold has shown consistent breakouts during intraday trading, indicating sustained interest from buyers.
3. **Volume Support:**
Volume spikes during upward moves suggest institutional activity, further supporting the bullish case. Price movements are backed by strong participation, which enhances the reliability of the trend.
4. **Resistance and Next Targets:**
If gold maintains its current pace, the next key resistance level lies at . Breaking through this zone could open the door to higher price levels in the short term.
**Fundamental Context**
The recent strength in gold prices is supported by market uncertainty, with investors seeking safe-haven assets amidst global economic concerns. Additionally, a weaker USD or dovish signals from central banks can further fuel gold’s rally.
**What’s Next?**
We’ll continue to monitor the charts and provide updates as the situation evolves. The current bullish sentiment aligns with both technical and fundamental factors, suggesting that gold’s rally still has room to grow. However, traders should watch for any signs of reversal near key resistance levels and manage their risk accordingly.
Stay tuned for more updates as we track this movement closely!
EURCAD shortShorts on EURCAD could be a nice play depending on how we approach our supply zone. I have 3 zones currently marked out but the first one was a previous structure point and had a little bit of accumulation so I have a higher confidence in that one holding. Will be waiting for lower timeframe entry after price arrives at the zone.
EURAUD SHORTThis week gave a big drop on EUR/AUD and turned the Daily and 4h timeframes bearish as well as giving a clean head and shoulders pattern on the daily timeframe. I will be looking for a pull back into the 4h supply zone which also aligns with the daily H&S neckline so I think it will have a high probability of bouncing from there.
My brand new indicator-combos (100%free). Reversals+so_much_more
Youtube is littered with trading strategy's, as one strategy finishes another one is starting to play causing indicator-fomo, that's right, my new label and type of trader-FOMO which intentionally or otherwise keeps you going from strategy to strategy and in the process continually chasing your tail and leaving you to be diagnosed with analysis-paralysis through no fault of your own, too many indicator strategies dumped on you.
I don't do this on Youtube, I figure theres enough people regurgitating the same trading information, plus often the same talking heads who are promoting indicators in a paid endorsement. On the other hand, I am not afilated with ChartPrime, Bjorgum or any of the other indicator owners / developers whos' indicators I am simply borrowing for free to come up with my Strategy, which for all cents and purposes can be formed into varioius strategeies but all from the 1 Chart and indicator suite, sort of like a swiss army knife but only covering the strategies that are of interest to me,
1. Pullback trading with trend (200ema is below current price action) Or Reversal trading causing a new trend (riskier setups), but with additional confluences (that I offer) can be positive in finding a reversal. The first indicator I use for this is called.
NZDCAD-Nov-18-expectations
The market is trending downwards, indicating a bearish sentiment, with the price pulling back to the 0.786 Fibonacci retracement level. A supply zone has been identified and defined as an order Block. Confirmation of the trade setup has been completed with a break of structure on the 15-minute timeframe (head &shoulders). The stop loss is positioned 10 pips above the supply zone. The take profit target is set at the nearest demand zone to align with market dynamics and ensure a favorable risk-to-reward ratio (2-1 RRR)
Indentifying Bullish/Bearish Orderblocks & Mitigation Blocks Orderblocks and Mitigation Block Live Study - Looking at live example going back to early May of 2010. There was news on May 6th that caused the market to plunge but interestingly enough - Price Action manages to be find a floor around the Orderblocks indentified on the Daily, Weekly, and Monthly Charts (HTF)
Bearish Divergence in AUD/JPY: Short Opportunities Now.In the 1-hour timeframe for AUD/JPY , there’s a bearish divergence, with strong support just above and several high-volume zones at lower price levels. For now, I see good short opportunities at a premium price, while later on, the golden Fibonacci area could provide a great entry point for long positions once the price reaches that level. FX:AUDJPY
XAUUSD SELL& BUYHi Guys, New analysis for gold, the market is still bullish and demand levels are going to be supporting. Our current buying level is 2728 which is risky by nature and confirmation needed.
Should price fall, 2720 is Asia session's low which can be taken out. below Asia's low, level 2714 and 2709 are safe levels to buy.
In case you want to go short, 2737, 2744 and ... are levels to go short from but only booking small profits.
Be honorable
Crude Oil Mastery: Fib Levels, Blocks, & Money Flow MagicMy trading strategy for crude oil is based on a combination of Fibonacci levels, order block support, and money flow profile analysis. By using these tools, I aim to identify key areas of market strength and weakness, allowing for high-probability trade entries. The Fibonacci levels help pinpoint potential retracement zones, while order blocks provide insight into significant support and resistance levels. The money flow profile gives a clear view of liquidity and market participation, allowing me to track where large capital is moving in the market.
EUR-USDThis EUR/USD chart shows a recent decline after reaching a resistance level around 1.12137, forming a double-top pattern that suggests a trend reversal. The price has since dropped sharply and is approaching a significant "Order Blocker" zone between 1.07515 and 1.08022, where institutional buying may occur.
If the price holds in this area, a potential bounce toward the 50% retracement level near 1.1000 could happen, indicating a bullish correction. However, if the price breaks below this zone, further bearish momentum could push it toward the next support at 1.0715.
In summary, the market is currently bearish, but the reaction at the "Order Blocker" will determine whether a reversal or further decline is likely. Traders should monitor this key zone closely.
WILL EIGEN REACH $4 BEFORE END OF OCTOBER? The probability of reaching $4 is very possible. Here are my confluences:
- Weekly Low at $3.29 which had liquidity resting just got raided.
- Q4 has seasonally been great for Cryptocurrencies over the years so I expect a great end to Q4 for EIGENUSDT.
- Price is currently testing the Daily Bullish Order Block which is within the Range Discount Array.
- There is more Liquidity resting above current price rather than below current market price.
- Targeting price to reach $3.72 , $3.91 and $4 for this Long entry.
Trading is risky so always use proper risk management. Happy Trading Pals
GBPAUD Set for a Bearish Move – HTF Daily OB RejectionThe GBPAUD pair has recently respected a higher timeframe (HTF) daily bearish order block, signaling a potential move from internal liquidity to external liquidity. With price having reacted to the daily OB, we could now see a continuation of this bearish momentum, targeting sell-side liquidity on the weekly timeframe around the 1.91242 level. This setup presents a high-probability trade idea in line with market structure.
Wait for the Retest !!!Hello everyone, hope we are all doing very well !.
This is one of my A+ setups, let me explain...
1. Price has taken out Asian low
2. Price has given a change of character in M5
3. We are to wait for the retest of the OB
4. After the retest, kindly wait to see if price will clear the low for the retest
5. We are to target at least the Asian high as TP 1 then the Inducement as TP 2
What we need to do now is just patiently wait for the retest.
DXY Set for a Sell-Side Liquidity Sweep Following HTF RejectionAnalyzing the recent price action of the DXY, it appears that a retracement to sell-side liquidity is in progress. Price has respected a higher timeframe order block (HTF OB) near 102.798, showing a significant wick into the OB before closing below it—a clear bearish signal. This indicates a likely push towards key sell-side liquidity around 100.215. Traders should watch for bearish continuation setups as liquidity pools are targeted.
Always remember: DYOR (Do Your Own Research).