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Priceaction

PriceAction StrategyIn this chart we are focusing on 1h time frame for EURUSD currency pair. In this analyze we are using price action concept along with support and resistance. So here we have two conditions. 1: If price break the consolidation or ranging area toward upside than we will go for buy. 2: If price break the ranging area toward downside than we will look for sell. So wait for price when price give us clear breakout than after confirmation we will execute our trade. Always use proper risk to reward ratio for your trade.
by Bullionbuzz
2024-09-18 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr Gold - Bull trap above the bull wedge as I wrote. Bears confirmed it with the close today. I look for shorts tomorrow and expect 2560 or lower to be hit tomorrow. Anything below 2540 would be a huge surprise and we could see an acceleration down to 2500. If bulls reverse this and trade back above 2610, bears will most likely give up until we hit 2700. comment: Another spike and new ath but huge rejection. I do think the rejection was strong enough to expect follow through and test the lower bull wedge trend line around 2550/2560. current market cycle: bull trend key levels: 2550 - 2630 bull case: Bulls tried to break above the bull wedge and failed. Odds now favor a retest of the lower trend line (daily ema is also there), where I expect buyers to step in more strongly again. If bears somehow fumble this again, bulls would need a reversal of the huge 1h bar and get back above 2600. The longer bulls can stay around 2600, the better. Invalidation is below 2540. bear case: Bears want to keep the momentum strong tomorrow (after the 50+ point rejection from the new ath) and test down to 2550. If they somehow manage to break below 2540, we could see an acceleration down to 2500/2520 but I highly doubt that. Since we had a spike up and then a huge spike down, the dominant pattern is still the bull wedge and there is not much more magic to it than what I described. Bears absolutely need to keep it below 2600 to have a chance of lower prices. Invalidation is above 2605. short term: Neutral until bears get follow through below 2570 or 2600 is clear resistance now. medium-long term: 7 consecutive months where Gold barely went below previous month’s low. Strong buying on the monthly chart but also the third push up we are currently in. I highly doubt bulls get another one so if it continues, it’s without me. I am waiting for a bigger correction. current swing trade: None trade of the day: How could you predict those spikes today? You can’t. How can you trade them? Only viable could have been shorting the spike above 2620 but those are hard to take. You would need a wide stop and scale in. One time you short it correctly and make the trade of the week and next time you blow your account if you are not humble enough. Today was no obvious good trade to be honest.
COMEX_MINI:MGC1!
by priceactiontds
2024-09-18 - priceactiontds - daily update - sp500Good Evening and I hope you are well. sp500 e-mini futures comment : Look at the daily chart and then you can’t be anything but neutral after yesterday and today. Consecutive doji bars with huge tails above and minor tails below. I don’t care about the new ath on the cash index since I trade the chart in front of me and that’s where the ath was in July and due to contract switch it’s now at 5782 while today hit 5756. The high was high enough to qualify as a tripple top now and we can sell off or make a new one above 5800. The dominant feature is the bull wedge and we are kinda closer to the middle than to the top or bottom. I can see this going either way to be honest. Ask yourself this, has the market a reason to sell off right now after the big rate cut? Answer was no before and definitely no after the cut. Does not mean it can not happen anyway. current market cycle: trading range (bull wedge) key levels: 5660 - 5800 bull case: Bulls made another higher high and a higher low. Does not look that good for bulls to buy the close 5680 but it sure as hell does not look bearish. As long as support and resistance are holding, I lean bullish and scalp long. Market is still trading above the 4h 20ema and obviously the daily, so bulls remain in control. Obvious targets above are 5782 and then 5800. Invalidation is below 5665. bear case: Bears need a lower low below 5665 and that’s they only target for now. Until they can achieve that, they have no good arguments on their side. I do think market will spend some more time in this area before we see another breakout. If bears would get below 5665, their next target is the daily 20ema at 5640 and below that is the bull trend line around 5570. Invalidation is above 5810. short term: Neutral between 5665 - 5782. Big range but that’s today’s range where we wildly went up and down multiple times. medium-long term - Update from 2024-09-01: Very much like my outlook in dax. Trading range on the daily chart and we are at the highs. We could make higher ones or not. Does not matter much. I expect 5000 to be hit again in 2024. current swing trade: Nope trade of the day: Buying 5690 and selling 5720 but you needed wide stops to trade this.
CME_MINI:MES1!
by priceactiontds
Dow Jones Index (US30): What to Expect from FOMC? Dow Jones Index is very weak ahead of FOMC today. The market is stuck within a horizontal range on a 4h time frame. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. Bullish Scenario If the price breaks and closes above 41820 - the resistance of the range, we can expect a bullish continuation at least to 42000 level. Bearish Scenario A bearish breakout and a candle close below 41440 will push the price lower at least to 41200 level. Wait for FOMC and then follow the market after a breakout. ❤️Please, support my work with like, thank you!❤️
BLACKBULL:US30Short
by VasilyTrader
1
BTC Tests $61,000 Range Ahead of FOMC MeetingCurrent Market Activity: Bitcoin is currently testing the $61,000 top of its range support, a strong resistance level, just ahead of tonight’s FOMC meeting. Key Levels: Range High Support/Resistance: $61,000 Lower Range Support: $57,000–$58,000 Next Major Resistance: $64,000–$67,000 Reversal Zone: $66,000–$68,000 (Required for upside shift) Potential Outcomes: Unfavorable FOMC News: BTC could test the $57,000–$58,000 support. Favorable FOMC News: A break through $61,000 may lead BTC to the next resistance at $64,000–$67,000. Trend Analysis: BTC continues to form lower highs, indicating a broader downtrend. A break and reclaim of the $66,000–$68,000 zone would suggest a potential reversal, but caution is necessary due to the volatility expected around the FOMC meeting. #Bitcoin #BTC #FOMC #MarketAnalysis #SupportAndResistance #Crypto #Volatility #TechnicalAnalysis #PriceAction
by Richtv_official
SasanSeifi| Will Price Break Through 1.32390?Hey there, ✌ FX:GBPUSD In the 2-hour timeframe, as observed, the price started an upward move from the 1.30 level, reaching up to the previous high of 1.32390. After failing to break this previous high, the price retraced and pulled back to the liquidity level at 1.31400. Following this correction and some sideways movement, new demand emerged, and the price is currently trading around the previous high of 1.32290. With the current momentum, there is potential for a breakout above the 1.32290 and 1.32390 levels. If the price can hold above 1.32, the upward trend is expected to continue, targeting 1.32650 next. After a minor pullback, the price could also rally towards the 1.33 target. To better understand the ongoing trend, it’s important to monitor the price’s reaction to key levels. Key support areas in the short-term timeframe are located at 1.31850 and 1.31400. Additionally, if the price breaks below the 1.31400 – 1.31100 range and holds, the likelihood of a deeper correction increases for some time. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
by SasanSeifi
2024-09-17 - priceactiontds - daily update - oilGood Evening and I hope you are well. tl;dr Oil - Strong second leg up (daily tf) and bulls even tried to break above the bear flag but for now I doubt the breakout will be succesful. We are right in the middle of the broad bear channel and odds are 50/50 for either side. Above 72 odds rise for the bulls and below 69.5 I favor the bears again. comment: In my weekly outlook I wrote that if 65 holds, bulls are favored for 73 or 74. High today was 71.92. I doubt bulls are strong enough to break above the bull channel and make the pullback even steeper. 50% pullback from the selloff since 77 is around 71.5, so we are right in the middle of the broad bear channel. Odds favor the bears to test the lower bull channel around 70.5 again. If bulls fail there and bears can break below, we will likely see a retest of 67 or 66. current market cycle: bear trend key levels: 66 - 74 bull case: Bulls got decent follow through and they want an endless pullback for the bears and keep going until they hit the upper bear trend line around 74.5. They are trading above the 4h 20ema and every touch of it is bought. As long as they keep it above 70, higher prices are expected. Invalidation is below 70. bear case: Bears see this bear flag with 3 pushes up as done and the 50% pb is high enough to try for a continuation of the bear trend. Don’t be among the first to join them. Confirmation would be a 15m bar close below 70 and a break below the bull channel. Invalidation is above 72. short term: Neutral around the 50% pb 71.5. Bearish below 70 and bullish above 72. medium-long term - Update from 2024-09-08: Bears broke below multi month support and want a retest of 64.46 or lower. Right now the selling is a bit too steep to be sustainable. When we get a more complex pullback and form a decent channel, I will write a longer update here. Can this bear trend be the start of a bigger where we see Oil below 50$ again? I have absolutely no idea but the current daily chart can not not lead to that conclusion. current swing trade : None trade of the day: Buying the 4h 20ema is profitable again.
NYMEX:MCL1!
by priceactiontds
2024-09-17 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr Indexes - Many new highs but also a deep pullback and we closed around the middle of the daily range. Are we smarter than yesterday? We know that bulls remain in control since we are trading above most higher tf ema but bears also sold off for 1% today on the sp500. I keep my neutral stance and wait for the FOMC debacle to be over with. No one knows where markets will go on either 25 or 50bps. Be more like Elsa, let it go. You don’t have to gamble away hard earned profits on max confused and undecided markets. dax futures comment: Bulls got above my given target 18750 in my weekly update but got rejected for almost 200 points. Market is still neutral imo and I don’t expect this to change until some hours after FOMC. Since the market is so confusing and no one knows where rates might go, we can expect traps before and after FOMC. I refuse to trade much tomorrow. current market cycle: big bull wedge on the daily tf and bull channel on the 1h tf key levels: 18600 - 18900 bull case: Bulls printed 18800 and this could have been it before FOMC. We are 270 points below the ath (xetra) and we could easily get there. That’s also the only target left for the bulls. As long as the bull channel holds, they are in control and favored for higher prices. Invalidation is below 18600. bear case: Bears reversed much of today’s gains and did so in a fast manner. Bulls still bought it again, like the previous week. Bears need to start making lower lows again or bulls continue to btfd. Bears first target is to get below 18600 which would also break the bull channel. If you look at the daily chart we have many tails above and below bars. Bulls are grinding higher but it can reverse quickly imo. 1h ema is pretty flat, so don’t get trapped selling low or buying high. Invalidation is above 18820. short term: Neutral. Only scalping small positions until we know how market thinks FOMC is to be interpreted. medium-long term - Update from 2024-09-01 : 4 Months left in 2024 and I do think the market is in a trading range where the upper area is around 19000 and the lower area is probably 17000 or 16000 if something bigger comes up. Since we are at the very top, I expect the market to go some sideways before trying to go down again. Next 2000 Points will be made to the downside but it’s too early to short this. current swing trade: None trade of the day: Globex lows held and the long after the double bottom around 18680 was good. Also selling the second try by the bears when bulls failed at 18800 (double top) but it’s hard to be this flexible on bigger swings. If you took one of those, you probably had an amazing day.
EUREX:FDXSU2024
by priceactiontds
SUPPLY AND DEMAND MODULEIn this analysis we are focusing on 1H time frame for GOLD. Here I'm using supply / demand strategy combine with price action. Today I'm looking for potential buy. As we know that the trend was bullish. I expect that market price first take small retracement at least the area 2494.00 - 2488.00 and then market will give rejection if price reject this area than after confirmation we will go for buy. But in other situation if price break below the area 2488.00 and close the candle below 2488.00 then we look for sell but we need strong confirmation first. Without any confirmation we will not take any step. Let's delve deeper into these levels and potential outcomes. Always use stoploss for your trade. Always use proper money management and risk to reward ratio. #XAUUSD 1H Technical Analysis Expected Move.
OANDA:XAUUSDLong
by TradeTacticsreal
SasanSeifi|A Quick Overview of Bitcoin’s MovementHey there, ✌In this analysis, we’re taking a broad look at Bitcoin's trend. As observed on the 20-day chart, Bitcoin rallied from the $16,000 range, leading to a price increase that saw it reach an all-time high (ATH) of $73,700. However, after failing to hold and close above $70,000, the price entered a consolidation phase and eventually corrected to fill the gap near $49,800. Currently, candles are closing above the critical $54,100 liquidity level, with Bitcoin now trading around $60,000. The market remains in a ranging phase. Historically, we’ve seen Bitcoin make significant moves around November each year, and as we approach the end of 2024, it's possible we could see a similar trend, whether upwards or downwards. It’s also worth noting that we have upcoming elections, which could impact the cryptocurrency market. Based on this, the scenarios we can consider are as follows: Bitcoin is likely to remain in this range or experience corrections down to the $46,600–$46,000 targets by year-end. However, a breakout and consolidation above $70,000 could pave the way for a further upward trend, with targets in the $77,700–$80,000 and $85,000 ranges. This is a long-term view, and to confirm a bullish trend, we need to see price stability above $70,000. If the price corrects to the aforementioned support zones, it will be crucial to observe how it reacts for a better understanding of the next moves. Stay tuned for updates, and don’t forget to like and follow for the latest analysis. I’d love to hear your thoughts in the comments!✌🙌 ❌This analysis is my personal viewpoint and not financial advice.
BITSTAMP:BTCUSDLong
by SasanSeifi
2024-09-16 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well. tl;dr Since today was a very slow day, my weekly update is more interesting than today’s daily update (in case you haven’t read it). Bitcoin - Very good follow through by the bears and I joined them for a swing short with target 54000 or lower. 59300 should not get hit again or bears are not strong and 60000 is more likely than more downside. comment: Two pushes down now and a third could get us to 56500, where I expect stronger buying again. For now bears did enough today to confirm the bear trend line and the contracting market. Bears now need to keep it below 59300. current market cycle: trading range key levels: 53000 - 60700 bull case: Bulls did not do much over the weekend and today. They also don’t have many arguments on their side. 57500-59000 is not a good buy zone for them and we trading below the 1h and the daily 20ema. I expect more buying around 56500-57500. Above 59300 bears fumbled it again. Invalidation is below 55000. bear case: Bears did enough today to gain control of the market. Their next target is around 56500 and that’s about it. If they are really strong (which I highly doubt) they would get to 55000 and below. Invalidation is above 59300. short term: Slightly bearish for 56500ish. medium-long term: Down to 40000 (could take 1-3 months). Could also drop to 20000 again but let’s make 40000 first and see how many want to buy there. —unchanged since March, obviously updated the time range which was 6-9 months before. — current swing trade : Short since 58000 for tp 55000 or lower. SL 59300 trade of the day: Selling bar 10 with stop above bar 9. Market touched the 1h ema and continued the selling. Textbook two legged pullback to the moving average and continuation of the trend.
CRYPTO:BTCUSDShort
by priceactiontds
SasanSeifi| BITCOIN: Will a Pullback Lead to Lower Levels?Hey there, ✌ Bitcoin is currently trading around the $58,500 range. Given the lack of stabilization above the $60,000 level, we could be facing a bearish trend. Additionally, with the recent break below the $59,300 mark, the short-term outlook on the 1-hour chart appears bearish. We expect that after completing a pullback, the price may move towards the corrective targets of $57,500, $57,000, $56,700, and $56,000. ❌ Key resistance levels to watch are around $59,000 and $59,700. 💢 Keep in mind that this is just my personal perspective and not financial advice. I’d love to hear your thoughts and exchange ideas! Good luck and happy trading! ✌😎 Feel free to reach out if you have any questions – I’m here to help!✌
Short
by SasanSeifi
GALAXY SURFACTANTS - 70% ROI Potential Stock Mid Term Idea A Fresh stage 2 Multiyear Flag breakout move. Why I consider this attractive ? 1) The stock has broken out of a 3 year old consolidation zone - Flag Breakout. June 2021-Aug 2024 2) The stock as compressed for 2 months at the breakout level. 3) Overhead supply is very minimal. 4) Daily has broken out of the compression at Flag Breakout level, retested and given a good breakout again, indicating solid buyers strength. Flag targets at about 5400.
NSE:GALAXYSURFLong
by Rugminik
Bitcoin ! BREAKOUT IS THE KEY, BUT IT STILL HAS SOME WAY TO GOBitcoin is stationed in an inefficiency zone but with a lot of strength. It undoubtedly had a bullish week, and naturally, after a bullish run, the price needs to take a pause or rest. What better place than our historical zone, which we've marked as an inefficiency zone on the 1-day chart. Yes, Bitcoin still has a bit more to climb to see the breakout that I've been anticipating. As we can see, Bitcoin has been in a bearish sequence channel, and from the technical analysis within the channel, I'm aiming for Bitcoin to at least reach 64k this week so we can see a bit more price action. THE BREAKOUT IS THE KEY, BUT IT STILL HAS SOME WAY TO GO! So, until Bitcoin breaks my channel or at least reaches 64k, all I can do is wait. Thank you for supporting my analysis. Best regards.
COINBASE:BTCUSDLong
by RocketMike111
2
#202438 - priceactiontds - weekly update - sp500Good Evening and I hope you are well. tl;dr sp500: Neutral. Big triangle on the daily chart and we are 40 points below the previous big resistance. Resistance is just that until clearly broken. Sideways movement between 5400 - 5670 is more likely than a new ath above 5721. If bulls break above 5670, a new ath becomes more likely and bellow 5550 I think the bears are favored again, at least for 5400. Quote from last week: comment: Strong bearish momentum is what we got with the bearish engulfing candle on Monday and market never looked back. 50% pullback is almost exactly at Friday’s close and if we get a pullback before 5200, it will be here. What are the chances? No idea, so every time that is so, it’s 50/50. Absolutely favoring the bears to continue down to 5200, with or without pullback. So if we get one, I will load on swing shorts. comment: Favored the bears last week and wanted to load on shorts on this pullback but bears were practically gone, so no shorts for me. Lower highs and higher lows. Triangle on the daily chart until broken. Not much difference to the other indexes. Above 5670 bulls are favored for 5700+ and maybe a new ath and bears would need a strong reversal below 5650 for bulls to cover their longs again. Similar to 2024-09-03 where bears printed a huge bearish engulfing bar, that is that they would need here as well. current market cycle: trading range (triangle) key levels: 5400 - 5700 bull case: Traps on both sides and 5630 is a very good place to trap bulls again, like they did 2 weeks ago. Not much more to say other what I wrote in my comment. Bulls are slightly favored here until bears come around again but buying above 5600 right now is a bad trade, no matter how you put it. If bulls get follow through on Monday, I join them but no earlier. Invalidation is below 5500. bear case: Bears need to keep this a lower high or probably face a new ath test. Since bulls printed a 5 bar micro channel last week, bears have no good arguments until they print a bear bar on the daily chart. Market is undecided and erratic, don’t overstay your welcome to either side. If we see 5700+ next week, I will think deeply about when and where to short. Last time we hit 5700, market spent 5 days around that price before turning down hard for 10%. Invalidation is above 5670. outlook last week: short term: Full bear mode and yet we could get a 100+ point pullback. So shorting 5419 is not advisable as of now. Wait for bears to come around again. If bulls can get to 5500 again, look for a reversal and then you could load up on shorts. I do think it’s more likely that we will make high lows instead of lower lows and form a triangle. → Last Sunday we traded 5419 and now we are at 5629. I warned against being bearish at the lows and wait for a pullback. Pullback was way stronger than expected so meh outlook. short term : Neutral between 5400 - 5670. I slightly favor the bears when they print a good bear bar on Monday because of the triangle. Above 5670 I scalp long and see how high we can get. medium-long term - Update from 2024-09-01: Very much like my outlook in dax. Trading range on the daily chart and we are at the highs. We could make higher ones or not. Does not matter much. I expect 5000 to be hit again in 2024. current swing trade: None. chart update: Removed the ABC correction and added the bull wedge.
CME_MINI:MES1!
by priceactiontds
#202438 - priceactiontds - weekly update - daxGood Evening and I hope you are well. tl;dr dax: Neutral. Won’t be running into any more traps again. Both sides have reasonable arguments but bulls closed last week at the highs, so bulls are slightly favored. Best pattern currently is probably the big bull wedge we are in. Bulls want a retest of the ath 18990 and bears below 18000. Bullish above 18750 and bearish below 18200, neutral in between. Quote from last week: comment: Selling is already too strong for a pullback in a bull trend. We are in a big trading range and on our way to test the lower range somewhere between 17000 - 17500. Do we get there in a straight line like we went up in August? Highly unlikely but so was the climactic selling and the insane reversal over the past 5 weeks. comment : Disappointment bar on Monday, bears tried again on Tuesday and Wednesday but market held above 18200 and bears then quickly gave up. My bearishness last week was a bit too strong but slightly profitable until the reversal on Wednesday. So, not much harm done. Market formed a bull wedge and if bulls can close the bear gap to 18750 on Monday, we will very likely see 18990 or 19000 over the next days. Bears have nothing until they can get below 18200 or we reach 19000. I don’t think that many traders will be interested in buying above 19000 but let’s see next week. current market cycle: big trading range key levels: 17000 - 19000 bull case: Bulls did not do much on Monday and Tuesday but enough to make many bears take profits early and stall the market and bears were not having that, so they gave up. Bulls are favored if they get above 18750 but I think it’s very close to 50/50 if we make a new ath. Market is undecided to the max and we see many traps on any time frame. We are above the daily ema and the bull trend line from the wedge, so bulls are slightly favored. Invalidation is below 18200. bear case: Bears gave up on Thursday and do they want to fight it at 18700? I don’t think so. Thu + Fr was strong enough that we can expect a retest of the ath next week and there I expect stronger selling to happen again. Since we did not print 19000 so far, it’s an obvious magnet and market’s rarely touch those big round numbers and reverse from there. We will likely overshoot some before big bears come around. Make no mistake, this buying here is purely absolutely atrocious from any reasonable valuation level given many German macro indicators but that stuff will only destroy your account so let’s not go there. Market is overvalued and we will likely see 17000 again this year. Invalidation is above 18750. outlook last week: short term: Bearish but only on momentum again. Any pullback has to stay below 18700. Next targets for bears are 18000 and below that is 17500. Fun times ahead. → Last Sunday we traded 18301 and now we are at 18699. Bears fumbled it on Wednesday and then quickly gave up. Bearish momentum was there on Tuesday but they barely made a new low. Anyhow, bad outlook. short term: Neutral. Bullish above 18750 for 18900+, bearish below 18200 and neutral in between. medium-long term - Update from 2024-09-01: 4 Months left in 2024 and I do think the market is in a trading range where the upper area is around 19000 and the lower area is probably 17000 or 16000 if something bigger comes up. Since we are at the very top, I expect the market to go some sideways before trying to go down again. Next 2000 Points will be made to the downside but it’s too early to short this. current swing trade: Cut those shorts on Thursday and will try again around 19000 if bears come around. chart update: Added a bull wedge again and made the bear gap smaller.
XETR:DAX
by priceactiontds