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Pointofinterest

Very Bullish on NVIDIA ! Point of Interest at $140.76 but wait..NVDA: Our point of interest is 140.76, and breaking this point would confirm a change of character (CHOCH) or a break of the main structure. But wait before that… We have three validations, one of which is extremely important and needs to be analyzed. The first validation is the break of the ascending channel. Whenever a candle completely exits the channel (body and wick), I consider it a 100% break. Here we have a candle that broke out with significant strength, and in the days that followed, it made a change of character or CHOCH, which is a break of the previous structure or previous swing. The second validation is that the 8 and 21 EMA lines show strong divergence. This means that the price has enough strength to continue moving upward. However, we have not yet seen any pullback. Remember that price cycles are distinguished by 3 movements: 1. Momentum 2. Pullback 3. Impulse We should always measure how much strength the price has by monitoring volume and the divergence of these two important EMAs. My third validation is that we are approaching their earnings report, which could create buying pressure for NVDA before the report, as previous reports have favored the stock and driven the price upward. BUT WAIT ! HOLD YOUR HORSES BEFORE THAT!!! We cannot ignore the order block I have around $134. Be cautious there, as it’s a zone where the price previously had significant liquidity. My prediction is that we may see a retracement before a strong push to our point of interest. Thank you for supporting my analysis. Best regards,
NASDAQ:NVDALong
by RocketMike111
Bitcoin Showing Strength, Daily Volumetric bull candlesticks !Bitcoin is following the path according to the pullbacks we have been predicting since it fell to the demand zone. Please check each bullish candle that Bitcoin forms after each pullback, it shows strength every time Following the smart money concepts and with the movement it is making based on the structure, I am expecting Bitcoin to reach my point of interest very soon. However, before reaching my point of interest, I believe we have to consider that we will see 1 to 2 small pullbacks. Thank you for following my analysis.
COINBASE:BTCUSDLong
by RocketMike111
SILVER / XAG - WILL WE SEE A CORRECTION AFTER ALL?My analysis today deals with how the further course of our most popular precious metal "SILVER / XAG" could look. > The technical analysis and selected indicators, confirm the thesis of an imminent correction. = Why, that I explain after the introduction. The DXY / USD has a non-negligible impact on GOLD / SILVER, as the whole economy depends on its behavior. > Meanwhile, this seems to take run-up, for a final upswing, which could bring the precious metal under massive selling pressure. > Regardless of these selling pressures coming from the USD, SILVER has been somewhat caught at a very strong resistance, which foreshadows a falling price. In the following, the analysis goes into detail, so that the significant levels and areas are known to you. For this purpose, I have performed a "MULTI-TIME-FRAME" analysis, which refers to the higher time units (month & week) and thus makes the big picture visible. Normally all time units below "1h" are called noise, but even a - 1h-4h - analysis is of no use to you, if the knowledge about the big and whole is missing. > We traders know that no one can predict the future and that is exactly why you have to be prepared for all initial situations. > If the DXY should rise again, that means "BLOOD" for the traditional and crypto markets. > This creates dangers, but also opportunities - it is important to look at the big picture. > Which levels are RELEVANT, I have explained in detail in the following pages. Table of contents 1st part = INTRODUCTION 2nd part = TECHNICAL ANALYSIS = Monthly - Time frame = Weekly - Time frame 3rd part = CONCLUSION PART ONE "INTRODUCTION" After "XAG/USD" formed a top at USD 50 in April|2011, a strong sell-off has been unleashed thereafter. > This sell-off extended 9-years to the market peak of the Corona crisis, where we formed our current existing low. > After this significant low of 11.64 USD (level last seen in 2009), investor fear subsided and a massive 159% buy-in, to over 30 USD, happened. > Since this very extreme upward movement, the price corrected a little to compensate for this extreme. > In recent weeks, we have seen a very strong upward movement, which I believe is on the verge of a correction. = We are at the upper resistance line of a downtrend channel, which has been respected by the price since the top was formed. = The significant Fibonacci level of 0.618 (of the downward movement so far) was reached and tried to be broken twice without success. = The "DAILY" - MACD + RSI - both show divergences, which further strengthens the correction thesis. > Once you look at the DXY (USD index) at the higher time levels, the further sell-off in the Traditional Markets becomes even more likely. (My DXY analysis is linked below this post, for confirmation purposes). SECOND PART TECHNICAL ANALYSIS For the analysis of the higher time levels, I proceed according to the onion-skin principle. > MONTH - level > WEEK - level > DAY - level These are divided into > SUMMARY > CHARTS The charts are presented in logarithmic scaling, as the given information can be visually presented in a more harmonious way. (This also refers to Fibonacci levels.) 1st MONTH – Time frame SUMMARY The trend channel shown in the chart, in turquoise, was formed since 1971 and has been able to maintain itself as a legitimate trend channel since then. Its mid-trend line showed reactions when confronted and was respected by the market. > The price is in the area below the mid-trend line and had challenged it over the last few months. The trend channel shown in the chart, purple, formed since September|2020 and directed the downward movement since then. > The price is at the upper end of the channel and already shows weakness, which could end in a further sell-off in the channel. The trend lines drawn in the chart, in gold, formed in the 70s and turned out to be extremely good resistance or support areas. > The price bounced twice in the recent upward movement and is meanwhile moving towards the lower trendline. If we go into more detail about the "SUPPLY & DEMAND" zones, you can look at two "DEMAND" + "SUPPLY" zones on the chart. > The "DEMAND" zone 1, is WEAK = followed a weak movement. > The "DEMAND" zone 2, is VERY STRONG = followed a strong movement + has not yet been tested by the price. > The "SUPPLY" zone 1, is WEAK = followed a weak movement. > The "SUPPLY" zone 2, is MEDIUM STRONG = followed a weak movement, but has already been tested twice. The Fibonacci retracements should serve us as additional confirmation and have been taken into account in past movements (last decades). > FIB 1 | will serve as resistance should the price attempt another run up. > FIB 2 | are the possible targets, which would be feasible in case of a successful breakout. > FIB 3 | are the final resistance areas, which stand before a new rally. > FIB 4 | are the support areas, for a possible sell-off. > FIB 5 | are the support areas, for a very strong unexpected sell-off. Past highs and lows usually serve as resistance/support, one of which we have. > ALL TIME HIGH | 2011 > HIGHER HIGH | 2021 - Bullish Market Structure = Beginning > HIGHER LOW | 2022 - Bullish Market Structure = Confirmation Some levels of interest are in front of us, which in the last months + years, played a strong role for the market. > The most relevant at the moment - POI (24.25 USD) - represents an important mark already since the year 1980 and thus currently occupies a very strong resistance role. > The other POIs are by no means negligible and will play a role in the price development in the coming days, weeks and months. (Therefore, take your time and transfer the ones that are relevant for you into your chart). OVERVIEW CURRENT RELEVANT CHARTS XAG - Overall picture without POIs + without FIBONACCI . XAG - Overall picture without POIs XAG - Overall picture without FIBONACCI ATTENTION In the following time levels, I will only deal with the NEW, added elements. . 2nd WEEK – Time frame SUMMARY Besides the already mentioned trend channel + trend lines, more trend lines become visible. - These have led to reactions in the chart in the past and should therefore be kept in mind. The monthly "SUPPLY & DEMAND" zones are joined by others from the weekly view that coincide with other resistance / support elements. > The "DEMAND" zone 1, is VERY STRONG = followed a Strong move + has not been tested by the price so far. > The "DEMAND" zones 2+3, are MEDIUM STRONG = followed a strong move + combination with monthly demand zone. > The "SUPPLY" zones 1+2+3, are WEAK = followed a Weak movement. + Zone 1 covered by weak monthly supply zone + Zone 2 has no cover by monthly supply zone + Zone 3 is already too old to be a relevant zone. Nevertheless, keep in mind for possible intraday price action. > The "SUPPLY" zones 4+5, are VERY STRONG = followed a very strong move + they defend the past "all-time-high". As further Fibonacci additions we have two more elements: > Both newly drawn elements refer to a possible downward movement. CHARTS XAG - Overall picture XAG - Overall picture without FIBONACCI THIRD PART CONCLUSION "Silver: The gold of the little man " Why this saying could change in the next years / decades, you will learn in a future post from me. > Invest in physical silver (via investment coins = for example - Maple Leaf) that could change your life in the future and belongs in any portfolio. In summary, based on technical analysis, there are strong reasons for SILVER price to fall. > Since the price top in Jan|2021 - the monthly candles were dominated by bearish. > A possible breakout of resistance elements is not impossible, but highly unlikely. > The divergences in the daily RSI + MACD, suggest a bearish sell-off. For this reason, I assume a weak SILVER exchange rate and a strong USD and an accompanying bloodbath in the traditional and crypto markets. > Positioning after confirmation of this thesis = SHORT . If this idea and explanation has added value to you, I would be very happy to receive an evaluation of the idea. Thank you and happy trading! ZIEL IST DIE AUTARKIE | THE GOAL IS SELF-SUFFICIENCY
OANDA:XAGUSDShort
by ZielIstDieAutarkie
4
USD - IS IT KEEPING THE UPPER HAND AFTER ALL?My today's analysis deals with the fact that it could coming to an end with the correcting, and a further rise in the DXY is in front of us. > We traders know that no one can predict the future and that is exactly why you have to be prepared for all initial situations. > If the DXY should rise again, it means "BLOOD" for the traditional and crypto markets. > This creates dangers, but also opportunities - it is important to look at the big picture. > Which levels are RELEVANT; I have explained in detail in the following pages. TABLE OF CONTENTS - 1. Part = DXY EXPLANATION - 2. Part = TECHNICAL ANALYSIS = Monthly - Time frame = Weekly - Time frame = Daily - Time frame - 3. Part = CONCLUSION FIRST PART “INTRODUCTION“ The "DXY" indicator entered on September 28 of this year, the first time since May 2021, in a downward correction. > On this day, I published an analysis, which dealt with a possible top in the DXY. > This forecast turned out to be a precision landing on the day and is to till now the TOP. (My analysis is linked below this post, for confirmation purposes.) To help you understand the relevance of the "DXY Index", let's take a closer look at it. The U.S. Dollar Index (DXY) is a ratio (index) that compares the value of the U.S. dollar using a basket of six currencies. > EUR = 57,6 % > JPY = 13,6 % > GBP = 11,9 % > CAD = 9,1 % > SEK = 4,2 % > CHF = 3,6 % EXPLANATION DXY > RISE One of the currency pairs falls > Pressure on other currency pairs increases = Chain reaction = All currency pairs fall DXY < FALL One of the currency pairs rise > Pressure on other currency pairs decreases = Chain reaction = All currency pairs rise So if you interpret the DXY correctly, you can get confirmation for ideas in other related currency pairs. SECOND PART TECHNICAL ANALYSIS For the analysis of the higher time levels I proceed according to the onion-skin principle. > MONTHLY - Level > WEEKLY - Level > DAILY - Level These are divided into > SUMMARY > CHARTS 1. MONTHLY – TIME FRAME SUMMARY The trend channel shown in the chart formed in May|2011 and has since maintained its position as a legitimate trend channel. Especially its mid-trend line showed many reactions and great interest of the market. > The price has reached this middle line and has already reacted positively. > The trend arc is another bullish signal and could serve as additional resistance in the future. If we look more closely at the "DEMAND" zone, we see that it has already been tested on. > The monthly candle closed above the zone, which is another positive indicator. > If we get another rise in the DXY, the marked "SUPPLY" zone, will serve as a very strong resistance and will be a real challenge. The Fibonacci retracement should serve us as an additional confirmation, and was taken under proof in past movements (last decades). > The 0.328 level, was breached without another reaction at this time level and the monthly candle closed below it. > Still pending is the next 0.50 level, which in combination with several arguments, represents a Medium-Strong resistance. > In the absence of a reaction from this level, we will see another sell-off to the 0.618 level. Past highs usually serve as resistance, of which we have two. > HIGH | 01/17 - Already showed a reaction > HIGH | 03/20 - Reaction still pending Points and levels of interest are available to us, which have a not irrelevant duration. > The most significant resistance is the marked POI ZONE (turquoise), with 50 years of experience. > We can be sure that there is great interest in this one. > This already proved true with a first reaction, but we must continue to wait for the candle close to confirm the argument. > If this is "temporarily" broken by a panic in the market, the POI at 102,000 points, serves as the next point of contact. CHARTS DXY – Overall picture DXY – Trendlines DXY – Supply & Demand ZONES + Market-Structure-Break DXY – Fibonacci + POI ATTENTION In the following time levels, I will only deal with the NEW, added elements. 2. WEEKLY – TIMEFRAME SUMMARY Besides the already mentioned trend channel, another one is now visible (violet), which was formed in May|2021. > Regardless of its inconspicuousness, it supports the tenor of the thesis. > It was respected and must prove itself again in the coming days and weeks. The additional "SUPPLY&DEMAND" zones join the two existing ones and remain untouched. As further Fibonacci additions we have: > A 1.618 level which was almost touched but is still pending to be worked off. > A 0.786 level which has been able to defend the last two weekly closes. > A 0.88 level, which in combination with the pending MSB, represents a strong resistance. CHARTS DXY – Overall picture DXY – Overall picture + Monthly DXY – Trendlines DXY – Supply & Demand ZONES + Market-Structure-Break DXY – Fibonacci + POI ATTENTION In the following time levels, I will only deal with the NEW, added elements. 2. DAILY – TIMEFRAME SUMMARY In the chart, further trend lines are drawn, which have shown reactions in the last 4 months. > These will represent resistances for a possible upward movement. Because so many elements are drawn in the chart, I would advise you to look again at the chart below, where you see only the S&D zones. > Some close together with the higher time levels, which reinforces their - resistance/support. CAUTION (Paler Zones) > The Supply zone, has been touched before and thus has less resistance. > The Demand zone, has been breached and thus should not trigger a major reaction, however it could still be "recaptured". In order to be able to forecast possible target ranges, we would first have to reach the bottom, which has yet to form. > The plotted levels can still change, but serve as a first reference point. > If the reached level already represents the bottom, one can see that the FIB levels, beautifully go along with the "Supply&Demand" zones. CHARTS DXY – Overall picture DXY – Overall picture + Monthly + Weekly DXY – Trend lines DXY – Supply & Demand ZONES DXY – Fibonacci THIRD PART CONCLUSION "The market makers only make money when everyone else loses. So what is the current mainstream opinion?" Run that question through your head and let me know in the comments what you think is more likely. > Another sell-off or a strong USD for now? In summary, based on technical analysis, there are a few reasons for a "temporarily" strong USD. > If you take a closer look at the area of the - HTF-POI-ZONE - you will see quite quickly that resistances could be enough for a whole arm. > Bringing this wall down will take more than one run-up, in my opinion. For this reason, I am assuming a strong USD and an accompanying bloodbath in the traditional and crypto markets. > Positioning after confirmation of this thesis = SHORT If this idea and explanation has added value to you, I would be very happy to receive a review of the idea. Thank you and happy trading!
TVC:DXYLong
by ZielIstDieAutarkie
2
USOIL - LONG - WEEKLY ANALYSISThe "USOIL" has been in a downtrend since May - 2022 and it stands to reason that we will start to see a bottoming soon if necessary. In today's post, I will analyze in more detail at which key areas we can expect a bottoming. - For this, we will look at the "USOIL" from the weekly view and integrate elements of the daily, weekly and monthly charts. In the following, I will go into more detail about the individual areas and break them down in an understandable way: 1. | FIBONACCI RETRACEMENT | For this Fibonacci retracement we take the movement, which started in - December/2021 - and ended in - March/2022 -. -> 0.786 FIB = 76.79 USD | Successfully processed -> 0.88 FIB = 70.50 USD | Pending retracement > As "BLUE" lines + area - drawn in the chart. 2. | FIBONACCI RETRACEMENT | For this Fibonacci retracement we take the movement, which started in - November/2021 - and ended in - March/2022 -. -> 0.618 FIB = 70.25 USD | Pending retracement -> 0.65 FIB = 67.18 USD | Pending retracement > As "ORANGE" lines + area - drawn in the chart. 3. | DEMAND ZONES | The demand zones formed at the beginning of the upward movement, so they were created and in - November-December/2022. -> MONTH ZONE = 62.46 - 77.41 USD | Pending settlement -> WEEK ZONE = 62,46 - 72,97 USD | Outstanding settlement -> DAY ZONE = 66,24 - 70,42 USD | Pending execution > As "GREY" areas - drawn in the chart. 4. | POINT OF INTEREST The point of psychological interest, was created the first time in - August/2005 - and showed some reactions since then. -> POI = 70.00 USD | Pending settlement | In the upcoming situation, the POI should be used as a support. | POI is used as ZONE -> no point exact support. > As "TURKIS" line - drawn in the chart. NOTE -> Psychological numbers are relevant decision points, because the human brain (subconsciously) prefers round numbers. -> For this reason, a lot of interest (orders) accumulates at these points, which serve as required liquidity for institutions. 4. | CONCLUSION How the detailed scenario for "USOIL" could look like, cannot be guessed at the moment, so we have to postpone the more detailed consideration to the future. Despite this, the key points I have presented, will most likely trigger a reaction. -> As soon as we reach the areas, I will upload a detailed execution. Feel free to discuss it in the comments and share our perspectives, I would be "burning" to hear your take on it all. Thanks a lot and happy trading!
TVC:USOILLong
by ZielIstDieAutarkie
EUR / USD - IS THE UPWARD FLIGHT COMING TO AN END?My analysis today deals with how the further course of our popular currency pair "EUR / USD" could look. > The technical analysis and selected indicators, confirm the thesis of an imminent correction. = Why this is so, that I explain after the introduction. The DXY / USD has a non-negligible impact on EUR /USD, as the whole economy depends on its behavior. > Meanwhile, this seems to take run-up, for a final upswing, which could bring the precious metal under massive selling pressure. > Regardless of these selling pressures coming from the USD, SILVER has been somewhat caught at a very strong resistance, which foreshadows a falling price. In the following, the analysis goes into detail, so that the significant levels and areas are known to you. For this purpose, I have performed a "MULTI-TIME-FRAME" analysis, which refers to the higher time units (month & week) and thus makes the big picture visible. Normally all time units below "1h" are called noise, but even a - 1h-4h - analysis is of no use to you, if the knowledge about the big and whole is missing. > We traders know that no one can predict the future and that is exactly why you have to be prepared for all initial situations. > If the DXY should rise again, that means "BLOOD" for the traditional and crypto markets. > This creates dangers, but also opportunities - it is important to look at the big picture. > Which levels are RELEVANT, I have explained in detail in the following pages. Table of contents 1st part = INTRODUCTION 2nd part = TECHNICAL ANALYSIS = Monthly - Time frame = Weekly - Time frame 3rd part = CONCLUSION PART ONE "INTRODUCTION" After "EUR/USD" formed a top at - 1.235 - in January|2011, a strong sell-off has been unleashed after a retest of the level. > This sell-off completed in September|2021 and formed our current bottom. > That the pair was in a "Symmetrical Triangle", many seem to forget at the moment, which is why I hereby again explicitly refer to it (marked in purple in the picture.). > The breakout of the triangle was the reason for the strong sell-off and is just challenged by the price again. > In recent weeks, we have seen a very strong upward movement, which I believe could be on the verge of a correction. = We are at the lower resistance line of the previously mentioned "symmetrical triangle" which played a major role from 2017 to 2022 |. = Significant FIBONACCI levels and SUPPLY zones, are located in the zone and thus represent a magnet for institutional investors. = This means translated that the price can bounce off the "Symmetrical Triangle". However, it cannot be ruled out that the institutional investors, will take the liquidity located at the "magnet levels." = To get some clarity, we must wait for the reaction of the DXY, which will decide the following course of the EUR and the economy. = The "DAILY" - MACD + RSI - both show divergences, which further strengthens the correction thesis. > This divergence is seen in many other pairs trading against the USD, which further supports the thesis of a sell-off. > Once you look at the DXY (USD index) on the higher timeframes, the further sell-off in the traditional markets becomes even more likely. (My DXY analysis is linked below this post, for confirmation purposes). SECOND PART TECHNICAL ANALYSIS For the analysis of the higher time levels, I proceed according to the onion-skin principle. > MONTH - level > WEEK - level > DAY - level These are divided into > SUMMARY > CHARTS The charts are presented in logarithmic scaling, as the given information can be visually presented in a more harmonious way. (This also refers to Fibonacci levels.) 1st MONTH – Time frame SUMMARY The trend channel shown in the chart, in turquoise, was formed since 1978 and since then it was able to maintain itself as a legitimate trend channel. Its mid-trend line showed reactions when confronted and was respected by the market. > The price is outside and had given up in 2018 after unsuccessful attempts to recapture the channel, initiating the MAKRO sell-off. The earth colored trend lines drawn, formed in 2003 + 2008 and served as support or resistance since then. > Price is running into the resistance line (2008) and may be facing the next major task with it. The in the chart, drawn in purple - "Symmetrical Triangle", formed since 2017 and directed the price since then. > The price broke through the triangle in April | 2022 and is currently demanding recovery. The red colored trend line formed in 1992 and represents an inconspicuous but relevant level. > If you look at the past of this trendline, you can see quite quickly what strong influence it played. When we go into more detail about the "SUPPLY & DEMAND" zones, you can look at the "DEMAND" + "SUPPLY" zones I highlighted on the chart. > D|1 - Zone | STRONG = followed a strong move + bounced off lower support line. > D|2 - Zone | VERY STRONG = followed extremely - Strong move + origin 2001. > D|3 - Zone | VERY STRONG = followed extreme - Strong move + origin 2001 + quarterly zone > S|1 - Zone | WEAK = occurred during sell-off, not the trigger. > S|2 - Zone | STRONG = followed a strong move + prominent FIB level + symmetrical triangle + quarterly zone > S|3 - Zone | STRONG = followed a strong move + prominent FIB level + symmetrical triangle + quarterly zone > S|4 - Zone | VERY STRONG = followed extremely - strong + macro FIB level Fibonacci retracements should serve us as additional confirmation, and have been considered in past movements (last decades). > FIB 1 | will serve as the strongest resistance should the price attempt another run up. > FIB level > FIB 2 | are the possible resistance targets, which would be feasible in case of a successful breakout of the "Symmetrical Triangle". > In combination with the 0.328 FIB from the MACRO FIB Level a very strong resistance. > FIB 3 | are the next correction targets, which become relevant in case of a direct sell-off (immediately after this analysis). > FIB 4 | is a strong MACRO support level (0.88), for a further sell-off. Past highs and lows usually serve as resistance/support, one of which we have. > HIGHER HIGH Some levels of interest are in front of us, which in the last months + years, played a strong role for the market. > The currently most relevant - POI (1.145 USD) - represents an important mark already since the year 1980 and thus takes a currently very strong resistance role. > The other POIs are by no means negligible and will play a role in the price development in the coming days, weeks and months. (Therefore, take your time and transfer the ones that are relevant for you into your chart). CHARTS Overall picture Overall picture without POIs + MSBs ATTENTION In the following time levels, I will only deal with the NEW, added elements. . 2nd WEEK – Time frame SUMMARY The monthly "SUPPLY & DEMAND" zones are joined by others from the weekly view that coincide with other resistance / support elements. > D|1 - Zone | WEAK = is a Rally-Base-Rally Zone, but additional resistance support by MSB (2020) + Trend line (Red) > D|2 - Zone | STRONG = followed a strong move + prominent FIB levels > S|1 - Zone | STRONG = followed a strong move + prominent FIB level + MACRO FIB + trend line resistance (earth colors) > S|2 - Zone | VERY STRONG = followed extremely - strong + macro FIB level + "symmetrical triangle" resistance line *** In addition, no further addition is needed, as the levels from the monthly level also cover the weekly perspective. THIRD PART CONCLUSION "And all without need - the euro is the EU's death." If necessary, this saying refers to the fact that the EURO was never intended to be a permanent currency, but only a transitional one. What this could mean on the future course of the exchange rate, everyone should think about. In summary, it can be said that based on the technical analysis, there are strong reasons for a long-term - falling EURO rate. > Since the price top in Jan|2021 - the quarterly candles were dominated by bearish and the current movement looks more like a rebound. > A possible breakout of resistance elements is possible, but should meet strongest resistance at 1.131 - at the latest. (I have marked this "death zone" with a "purple" area in the cover image). > The divergences in the daily RSI + MACD, suggest a bearish sell-off. For this reason, I assume a weak EURO exchange rate and a strong USD and an accompanying bloodbath in the traditional and crypto markets. > Positioning after confirmation of this thesis = SHORT . If this idea and explanation has added value to you, I would be very happy to receive an evaluation of the idea. Thank you and happy trading! ZIEL IST DIE AUTARKIE | THE GOAL IS SELF-SUFFICIENCY
Short
by ZielIstDieAutarkie
12
DXY USD - MONTHLY ANALYSIS - CORRECTIONThe USD has been in an uptrend since March - 2008 and has been dominating the financial markets and the global economy with toxic pressure since last year. - Today, I would like to present an analysis that takes a closer look at the USD (DXY) from a monthly perspective. We are at several relevant resistance points: 1. FIBONACCI RETRACEMENT | 0.88 - is about to be tested. -> 0.88 FIB = 114.979 -> Marked as a "blue" line on the chart. + Next psychological number would be 115,000 as resistance. -> Psychological numbers are relevant decision points, because the human brain (subconsciously) prefers round numbers, at which more orders are placed. 2nd RESISTANCE TREND LINE | from 2008 -> 7 points of contact since the formation = very strong resistance. -> Drawn as "red" line in the chart. 3. SUPPLY ZONE | from 2002 (gray) -> Time expired, but still psychologically relevant for market participants. -> Drawn in as a "gray" box in the chart. 4. POINTS OF INTEREST -> Points, which are mostly a psychological number, at which some liquidity was traded in the past. = these points can be seen as both "support / resistance". -> Drawn as "turquoise" lines in the chart. These are now only a few indicators of those which are available to us all. However, even without indicators, it can be seen that the USD (DXY) is clearly overbought and a correction (from a chart-technical point of view) should be imminent. Regardless of our analysis, the macroeconomy currently determines the further course of events. Detailed price predictions are thus a matter of blind potshots, and that is the last thing we need in trading. "Correction scenarios" 1. We see a reaction of the trend line and the 0.88 Fibonacci and will correct a little. -> Possible correction target = 107 points 2. The DXY breaks the trend line and the 0.88 Fibonacci and is then finally stopped out by our "SUPPLY Zone + the Points of interests". -> Possible correction target = 109 points "Breakout scenarios 3. The DXY breaks through all marked resistances, makes a fakeout and enters the correction. -> Possible correction target = 111 points 4. The DXY breaks through all marked resistances, confirms its breakout and starts its journey to the 1.618 Fibonacci. -> Possible correction target = 152.129 points Alright, now we can only wait and see what the future will bring us. - Feel free to discuss it in the comments and share our perspectives. Thank you very much and happy trading!
TVC:DXY
by ZielIstDieAutarkie
S&P500 – TRADES | KW47 | INTRADAYIn today's post I present relevant marks of the S&P500 for the next week, which could support the one or the other, in their own analysis. = since it is a very short-term time frame, I will not comment further. = the technical analysis approaches, are shown in individual pictures in the contribution. So that an individual interpretation of the respective - standing alone - is possible. = the title picture shows an example, of a possible trade. This is one of many possible setups, because the current course is not able to take a clear direction. The following methods are used and shown in the following: - SUPPLY&DEMAND ZONES - FIBONACCI LEVEL - POINTS OF INTEREST - TREND LINES SUPPLY & DEMAND ZONES „4 hour + 1 day – time window“ „1 hour – time window“ „1-4 hour + 1 day – time window“ FIBONACCI LEVEL „Intraday - time window“ „Day - time window“ POINTS OF INTEREST „4 hour - time window“ TRENDLINES „Intraday - time window“ „Day - time window“ RAW VERSION WITHOUT DRAWINGS „4 hour - time window“ „1 hour - time window“ > Feel free to discuss this in the comments and share our perspectives, I'd be "burning" to hear your take on this. If this idea and explanation has added value to you, I would be very happy to receive a review of it. Thank you and happy trading!
OANDA:SPX500USD
by ZielIstDieAutarkie
1
S&P500 – TRADES | KW45 | INTRADAYIn today's post I present relevant marks of the S&P500 for the next week, which could support the one or the other, in their own analysis. = since it is a very short-term time frame, I will not comment further. = the technical analysis approaches, are shown in individual pictures in the contribution. So that an individual interpretation of the respective - standing alone - is possible. = the title picture shows an example, of a possible trade. This is one of many possible setups, because the current course is not able to take a clear direction. The following methods are used and shown in the following: - SUPPLY&DEMAND ZONES - FIBONACCI LEVEL - POINTS OF INTEREST - TREND LINES SUPPLY & DEMAND ZONES "4 hours - time window" "1 hour - time slot" FIBONACCI LEVEL "4 hours - time window" "1 hour - time window" POINTS OF INTEREST "4 Hours - Time Window" TREND LINES "4 Hours - Time Window" "1 hour - time window" RAW VERSIONS WITHOUT INDENTIFICATION . "4 Hours - Time Window" "1 Hour - Time Window" > Feel free to discuss this in the comments and share our perspectives, I'd be "burning" to hear your take on this. If this idea and explanation has added value to you, I would be very happy to receive a review of it. Thank you and happy trading!
OANDA:SPX500USDLong
by ZielIstDieAutarkie
Ethereum Short AnalysisEthereum is bearish for the next couple of weeks until further notice. Price broke structure to the upside on the daily timeframe and is looking to drop heavily to $1200 area. On the weekly timeframe, banks did not yet mitigate their positions at the open price of the last bearish move down, before the up move that broke daily structure. Before ethereum continues the uptrend journey to new all time high prices, we're looking to take this short, all the way to $1200 and then getting into long positions at $1200. This is not financial advice.
BITSTAMP:ETHUSDShort
by TRADER_AP_FX