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2024-09-10 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr Indexes - Dax puked hard but bulls are also making money there. Rest of my followed indexes were mixed. Bears still expect a bigger second leg down when you look at the daily charts. Add the bull trend lines to the current bear flags and wait for a break below. If we get it, I do think most bulls will cover. I am not too fond of buying currently. dax futures comment: 4h ema is your guide. Saw multiple rejections there again and sold off hard. Market is going straight up and down, bears are in control but both sides make money. We have a decent bear channel but bears were not strong enough to touch the lower trend line again, before bulls bought it aggressively. I think they can get it above 18420 or higher. If not, the bear trend could accelerate downwards but I doubt that. Overall markets are too two sided currently. current market cycle : bear trend key levels : 18200 - 18550 bull case: No close above the 4h ema, no breakout above previous highs but market is two sided enough for bulls to make money. No better arguments for them until they make higher highs and higher lows again. I think 18000 is probably the next bigger support where it could happen but bears already had 3 pushes down and pullbacks. Chances for a 4th or 5th leg down are very small so bulls could try to keep it above 18210. Invalidation is below 18440. bear case: Lower highs, lower lows. Bears are in control. No more magic to it. We have the 4h ema as a good sport to short and the upper bear channel line. Market did bounce 10 points above my calculated 50% pullback for the bull trend and tomorrow will be interesting if bears can do a lower high again and break below 18200. Much easier to trade this currently, if you look more at higher than lower time frames, which leads me to the argument for the bulls about the 3 pushes down. On the daily chart bears see one giant leg down and want another one. We are currently in a bear flag and if bulls fail to trade above 18700, odds favor the bears for a giant second leg down. Invalidation is above 18523. short term : Bullish for 18440+ but problem is the stop. If you would short 18303, where would you put it? Only good one is 18209 but that could easily get tested again. Best to not trade in the middle of the channel or only on very strong momentum. Above 18440 I favor shorts again, if we stay below 18523. 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: Closed the shorts too early. Bad trading on my part. Read was good though. Also expected the bounce but got stopped out badly because I entered too early and market dropped way deeper than expected. trade of the day: Short near the 4h ema.
EUREX:FDXSU2024
by priceactiontds
EURUSD | Long From Support ZoneFollowing a recent inner descending channel on the EURUSD we have reached a key support zone where a potential pivot could create a lower high in the overall bull trend and surge the euro back up and out of the current inner channel. With the key resistance zone lying around 1.12000 I can see price pushing to this level before either correcting back in the range or pushing above into the resistance zone and creating a higher high which would again validate the current market structure for the overall bull trend in ascending fashion. What are your thoughts?
Long
by OfficialKieranTrewick
1
Gold price analysis September 10Fundamental Analysis Gold prices struggled to capitalize on yesterday’s rebound from the $2,485 support zone and attracted some selling on Tuesday. However, the commodity held above the psychological $2,500 mark during the early part of the European session as traders appeared reluctant to place directional bets ahead of this week’s US inflation figures. The key US Consumer Price Index (CPI) is scheduled for release on Wednesday, followed by the Producer Price Index (PPI) on Thursday. The data will influence market expectations on the size of the Federal Reserve’s interest rate cut later this month and provide fresh directional impetus to the non-yielding yellow metal. Heading into the key data risk, the US Dollar (USD) edged closer to the monthly high reached last week amid bearish bets for a larger Fed rate cut in September. This, coupled with a solid performance in global equity markets, is seen undermining safe-haven Gold. Despite the decline, XAU/USD remains confined within a familiar range that has been maintained for about the past three weeks, indicating hesitation among traders about the short-term trajectory. This makes it more prudent to wait for a sharp sell-off to follow before positioning for the recent pullback from the vicinity of the all-time high tested after the release of the mixed US jobs report last Friday. Technical Analysis Gold is still approaching the key 2507 price zone. The European session is trying to push above this level to resume the uptrend. SELL signal in this area can be when the price pushes up in the middle of the European session and cannot break it, we SELL and hold until the US session. If the 2495 area is broken, we hold until the US session at the 2483 area. In case gold increases to 2507, we do not BUY and wait to SELL in the 2515-2517 area. The destination is the 2507-2505 area. SELL 2516 - 2518. Stoploss 2522 BUY 2485 - 2483. Stoploss 2479 BUY 2473 - 2471. Stoploss 2467
OANDA:XAUUSD
by TVS-Trader
2024-09-09 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr Indexes - Green across the board. On the daily charts it’s mostly a small to normal bullish inside bar, so nothing to get excited about yet for the bulls. Tomorrow will be very important for the bears. If they fail to test the lows again or stop the pullback, many bears could give up and let the bulls test the highs again. In my weekly outlook I wrote that the 4h ema is currently the most important one and almost all markets respected it and closed below. Will look for early weakness and want to short for retest of the Friday lows. dax futures comment: Market closed below the 4h ema so bears remain in control. I think the odds favor the bears for a retest of the lows and some more sideways movement before we get another impulse. On the 15m chart there is a clear bull channel which is good to trade for now. Will probably see a contraction in Globex and early EU session before a breakout above or below. current market cycle: trading range - below 18260 we know we are in a bear trend inside the bigger trading range. key levels: 18260 - 18600 bull case : Bulls need a 1h close above the 4h ema and the next target above is 18638 which is Friday’s high. If they get above it, most bears will give up on the bear trend pattern and we likely see acceleration upwards. Bulls need to defend the current bull channel where the lower trend line is currently around 18440. Invalidation is below 18440. bear case : Bears currently have 2 decent bear gaps on the daily chart. If they can keep the market below the 4h ema, that would help their case big time. Bear targets are 18400 and then 18300. Invalidation is above 18550 (daily 20ema). short term: Bears are still in control and the odds favor a second leg down. The pullback need to stay below 18550ish, give or take. 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: Swing short since 18454 with SL 18600/18650. Will add higher if necessary. trade of the day: Buying 18400 was decent today. Bulls defended that price and market was two sided enough for a couple of scalps.
EUREX:FDXSU2024Short
by priceactiontds
2024-09-09 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr Indexes - Green across the board. On the daily charts it’s mostly a small to normal bullish inside bar, so nothing to get excited about yet for the bulls. Tomorrow will be very important for the bears. If they fail to test the lows again or stop the pullback, many bears could give up and let the bulls test the highs again. In my weekly outlook I wrote that the 4h ema is currently the most important one and almost all markets respected it and closed below. Will look for early weakness and want to short for retest of the Friday lows. sp500 e-mini futures comment: Triangle is valid so far. Big red box is the open bear gap on the daily chart. 5500 would be a very good place for the bears to step in and make it resistance. I expect 5462 to be tested tomorrow and hopefully 5400 also. Odds favor the bears as long as we stay below 5540. current market cycle: trading range - if we drop below 5390, we are in a bear trend inside the big trading range. key levels: 5400 -5540 bull case: Bulls had a decent pullback today but it was still an inside bar. They need follow through and prices above 5540 to make more bears cover their shorts. Bulls had 3 good legs up today but bears were equally strong. Most of the move upwards was during the Globex session. Until bulls break strongly above 5500, they don’t have many arguments on their side. Invalidation is below 5460. bear case: Bears sold the rips today and kept the market mostly in balance around the open price 5462. They need to step in to keep the market below the current bear trend line and the 4h ema. Since we have formed a triangle, market is in balance between 5450-5500. The higher time frames support the bears for a second leg down. For tomorrow I expect the triangle to continue some more until we get a breakout and odds favor the bears. I think 5500 is a decent place to short with SL 5540 or 5560. Invalidation is above 5540. short term: Bearish as long as we stay below 5540. I want at least a retest of the lows 5400 but I hope for a bigger second leg down to 5000/5100. 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: Not yet. Will watch tomorrow’s price action and short on weakness. trade of the day: Longing 5450 was good all day and shorting above 5480. Looks way easier on the 15m tf than it was. Almost always is.
CME_MINI:MES1!
by priceactiontds
Ethereum (ETH) Struggles Below Key Resistance LevelsCurrent Market Activity: Ethereum has been consolidating below the $2,600-$2,900 range after the August 5th capitulation, signaling potential for further downside. Key Resistance Levels: $2,600-$2,900: Until Ethereum reclaims this range, bearish pressure remains dominant. Bearish Scenario: If Ethereum fails to break above this resistance, a drop into the $2,100-$2,300 zone is possible. Long-Term Outlook: Despite short-term challenges, there is optimism for a stronger crypto market in 2025, driven by a weak Dollar and low interest rates. Bullish Scenario: Ethereum needs to reclaim the $2,600-$2,900 range to shift momentum back in favor of the bulls. #Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Bearish #SupportAndResistance #PriceAction #LongTermOutlook
COINBASE:ETHUSD
by Richtv_official
#202437 - priceactiontds - weekly update - wti crude oil futuresGood Evening and I hope you are well. tl;dr wti crude oil: Very strong breakout below previous support around 70 and market is on it’s way to test the 2024 low 64.46. Oil has not traded below 63 for more than a year. Bulls are in pain but some pullback is expected next week. Quote from last week: comment: Not much changed. On the weekly it looks more bearish than it is. Until one side get’s a daily close above or below previous lows/highs, market continues to contract and the breakout is near. Weekly ema is flat as can be. Either scalp to both sides or wait for the breakout. Bears want to get below 70 and bulls want 78 and higher. Odds favor the bulls around 72 to trade back up to at least 76. comment: Bears did surprise me big time on Monday where they closed below the August low but the bigger surprise was the follow through on Tuesday where they closed below 70. That was the lowest close for 8 months and bears just sold it relentlessly on every small rip. We are now 4% away from the January low and given the strong selling on much higher volume, we will likely test below 65$ next week. All pullbacks last week were mostly sideways and every time market got near or touched the 4h 20ema, it sold off big time. Any pullback the bulls get, bears will probably continue and try to keep 70 resistance. Selling 67.67 is probably not a good idea so I what for Monday and if we can get near the 4h ema again and there I’d look for weakness. current market cycle: bear trend key levels: 60-72 bull case: Bulls are really trying if you look at the 1h chart but every rip bigger than 100 ticks is sold heavily by huge bear bars. Right now at 67.67 I don’t think we are at a bigger support level where bulls want to fight this. Could happen on Monday but I think many more bulls wait for 65 to be hit before longing this. First objective for the bulls is to make the market go sideways and then get a 4h bar close above the ema. Anything above 71 would surprise me. Invalidation is below 67. bear case: Bears broke strongly below very big previous support and trying to test the 2024 at 64.46. They are in total control of the market until bulls can close a bull bar above the 4h ema. So we have a clear target with 65 or even 64.46 and a clear invalidation level of the max bearishness with the 4h ema. Invalidation is above 70.32 outlook last week: short term : Bullish above 75, bearish below 73. Bulls want 77 and bears want 72 or lower. → Last Sunday we traded 73.55 and now we are at 67.67. Clear levels given, hope you took shorts below 73. short term: Full bear mode but a pullback is expected. Good r:r shorts are to be found around 69-70. Above 70.32 we will see a more complex pullback and I’d be out of shorts and wait. medium-long term: 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 chart update: Added currently valid bear trend lines
NYMEX:MCL1!Short
by priceactiontds
#202437 - priceactiontds - weekly update - goldGood Evening and I hope you are well. tl;dr gold: Neutral. All bull wedges broken but the broad bull channel continues. Market only moved sideways, so no deeper meaning to this. Bears could not get a single daily close below the daily ema. Unless that changes, bulls are heavily favored to try 2600. Bears are only allowed to speak again once they have a daily close below 2500. Quote from last week: comment: Weekly inside bar. I am not lazy but I do not see any value in making up more words to fill the page so you can stay busy longer reading this. Market is neutral around 2530. Bulls need a daily close above 2570 and bears one below 2500. That’s it. Structure is still bullish. We have a big bull wedge on the weekly/monthly chart, nested bull wedges on lower time frames and sort of a bull channel upwards. I very slightly favor the bears to test 2500 again but only because bears closed last week at the lows. Daily ema held for 3 weeks now and there is no reason why it should break now and we are only 10 points above it. comment: 4th week between 2500 and 2570. 3rd consecutive bear bar on the weekly chart but does that mean this is bearish? Hell no. Bears still have no daily close below the daily ema and until that changes, bulls are in control but only barely anymore. The longer a trading range continues, the more neutral the market becomes and the odds for both sides are 50/50 again. No deeper meaning to this until we break below 2500 or above 2570. current market cycle: Trading range for many months now and it’s probably coming to an end over the next weeks/months. Bulls are currently still trading above the previous highs, which is sort of confirmation of the breakout but I am not 100% convinced. Need a daily close above 2570 for that. —unchanged key levels: 2400 - 2570 bull case: Bears not doing enough so bulls are happy to continue. They want 2600 next and have all arguments on their side as long as they stay above 2500. Only updated 2517 to 2500. Still unchanged bull case for weeks now. Invalidation is below 2500. bear case: Nothing changed for the bears. Either stop the bulls below 2570 or give up for 2600 and potentially 2700 over the next weeks. Bears need a 1h close below 2500 badly. That’s it. Exactly the same sentences as last week. —unchanged Invalidation is above 2570. outlook last week: short term: Neutral. Clear invalidation levels for both sides. Set up alarms and be patient. → Last Sunday we traded 2527 and now we are at 2524. Hope you did not longed the highs or shorted the lows. Spot on outlook that was. short term: Neutral. Clear invalidation levels for both sides. Set up alarms and be patient. —unchanged because we moved 3 points from Friday’s close to Friday’s close. medium-long term: Above 2570 I will update this. Until then we are in a trading range 2400-2570. current swing trade: None. chart update: Removed bull gap to 2490. It’s still there on the weekly but it currently does not help with the daily/weekly updates.
COMEX_MINI:MGC1!
by priceactiontds
#202437 - priceactiontds - weekly update - sp500 e-mini futuresGood Evening and I hope you are well. tl;dr sp500: Full bear mode. Market closes exactly at the 50% pullback price 5420 and we could see some sideways movement before more downside. Any pullback should stay below 5535. 0 Doubt in my mind that we see 5000 in 2024. Quote from last week: comment : Are we that much smarter than last Sunday after past week’s price action? I don’t think so. Still a lower high. Bulls closed the month extremely bullish but we are at previous resistance. Can’t be anything but neutral. Clear invalidation prices though. Above 5670 it’s bullish for ath retest 5721 or higher high. Below 5550 bears can generate momentum and convince bulls this was just a climactic retest of the highs and we go down again. Bulls still do have better arguments than the bears as long as they stay above the daily ema at 5565. 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. current market cycle: trading range key levels: 5000-5700 bull case: Bulls best chance for a pullback is right here at 5420 which is the 50% retracement and close to the weekly 20ema. I do not think after a 10%+ rally, that they will fight the bears to keep it above 5400. Market is erratic to say the least. Best bulls can hope for on Monday is sideways movement and stopping the bears from printing lower lows. Invalidation is below 5390. bear case: Bears stepped aside completely on the move up but came back big time on Monday. Why did they short it on Monday? That is never important and ever a question you should try to answer because you simply can not and will not know. Ever. That is the inherent beauty of the markets if they are big enough. Too many participants to determine such useless thoughts. The height of the bars tells you that there is very strong selling going on because people want out. Invalidation is above 5540. outlook last week: short term: Neutral again. No interest in bigger buying above 5600. Will scalp long if bulls make it clear that they want a new ath but mostly looking for signs of bear strength over the next week. Bulls closed above 5660 so it’s a buy signal going into next week but my outlook has not changed. I wait for bears to come around and will only scalp longs. → Last Sunday we traded 5661 and now we are at 5419. I let you decide the value of the given outlook last Sunday. 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. 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: Big ABC correction was good so far. Let’s see how low we can go.
CME_MINI:MES1!Short
by priceactiontds
#202437 - priceactiontds - weekly update - daxGood Evening and I hope you are well. tl;dr dax: Full bear mode. Bull trap and of August after making a new ath. Market is clearly in a hurry to go down again. Stairs up, elevator down. Most likely the bear gap to 18750 will stay open and every short sl has to be around that price. 1. tp is 50% pullback 18000 and as of now I expect a pullback there or more sideways movement. Below 18000 we will see 17400 fast. Quote from last week: comment: Bulls printed a new ath and if you would look at the RSI, which I don’t, it would show a divergence. You really really don’t need the RSI to tell you that. Even so, market could go higher and there is no reason to short this yet. I am 90% certain this is not a W1 of a new bull trend that will break above the bull wedge but rather a retest of the highs, in this case a higher high, and it will reverse soon enough. A bigger pullback is overdue but that does not mean you can short this yet. 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. current market cycle: big trading range key levels: 17000 - 19000 bull case: As expected, the first decent selling on Monday and bulls are running for the exits. Climactic buying, followed by climactic selling. I don’t expect the bulls to fight this, like the bears did not fight anything from 17400 to 18990. The 50% pullback at 18000 is a decent target where the bulls could try to stall it and hope for a bounce. At this point it’s useless to try to call a top or anything beyond the next 2 weeks. If anything, it’s 50/50 if we make another ath this year or not. Invalidation is below 18500. bear case: Bears came around right below 19000 and produced strong enough selling to trigger many stops. Bulls are fearful that we test all the way back down to 17000 and that’s why we don’t see much resistance from them. In any bear case over the next weeks, the bear gap to 18730 has to stay open. On the weekly chart it’s now an expanding triangle which is a form of a trading range. To hit 17000 over the next 1-2 weeks would be amazing for the bears again but I highly doubt they could get the market below, without any serious deterioration of macro schmackro stuff. Something has to break for this market to trade back to not maximum overvalued bubble territory. If you don’t think dax above 18000 is bubble territory while gdp is -0.3% for 2023 and flat at best in 2024, I can’t help you. Invalidation is above 18700. outlook last week: short term: Neutral again. I’m confident we will reverse soon but it’s too early to be looking for shorts. Bears need to start making lower lows and lower highs before I start. What do I need to go long? Only scalps after pullbacks for me. Very little interest in buying up here because I do not see this going to 19200. → Last Sunday we traded 18906 and now we are at 18301. It was too early for shorts last Sunday but during Tuesday’s session it became clearer that the market wanted to go down. 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. 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: Decent to be in swing shorts now. Stop has to be 18700 or even 19000. Will join the bears on Monday, if they go straight below 18270 or on a decent pullback to 18500. chart update: Nothing. Removed the bull wedge and added the bear gap.
XETR:DAXShort
by priceactiontds
#202437 - priceactiontds - weekly update - bitcoinGood Evening and I hope you are well. tl;dr bitcoin: The drawn bull gap is now tested the third time in 2 months and at some point it will break but betting on breakouts in trading ranges is a losing strategy. R:R is on the bull side until bears get a daily close below 52400. Also a clear bear trend line, so look for weakness if we get a pullback to it. Quote from last week: comment: Second atrocious outlook in a row. Will do my best to not make it a third one. Staying away from this for now. Last week we closed at the highs, which was a breakout and past week we are on our way closing at the lows and even went below last weeks low. Market has absolutely no idea where it wants to go. Erratic price action with a absolutely flat weekly ema. 56000 - 64000 is a dead zone to me. comment: Bears finally broke below the erratic zone and we are back below 55000. So far, every time we got here, bulls refused to let the market get a daily close below 53900 and as of now it’s still the case. That means that bulls are defending the bull gap to 52400 with passion and until that changes, we are at the lows of the trading range that has been going on for 7 months now. Market is technically making lower highs and lower lows, so we are in a bear trend but it’s weak. Selling below 55000 was a bad trade so far and there is no reason to expect it to be different this time. current market cycle: trading range key levels: 49000 - 60000 bull case: Bulls who bought 55000 on the previous 2 tries made money and I expect them to continue to do so. If we have a daily close below 52400, many bulls will probably give up on that notion but for now it’s support. Bulls need to get back above the daily ema above 58000. Invalidation is a daily close below 52400. bear case: Bears printed big consecutive bear bars below 57000 and want a retest of 49111. They desperately need a daily close below the bull gap to close it. We are currently in a very broad bear channel and a smaller one for 2 weeks. Bears are in control as long as they stay inside the smaller bear channel and below 57000. Invalidation is above 57000. outlook last week: short term: Neutral and not touching this until a clear strong breakout with follow through. → Last Sunday we traded around 58600 and now we are at 54300. Market continued to be neutral on Monday and Tuesday, so outlook last Sunday was good. short term: Neutral. Market is flat since late Friday. I want to short this but only near the bear channel line and below 57000. medium-long term: If bears can close the bull gap for good, we could see 40000 this year. If not, more likely we will see 65000+ again. current swing trade: None chart update: Added currently valid bear trend lines, the bear channel and a potential 5-wave series.
CRYPTO:BTCUSD
by priceactiontds
NEIROETH: Completed impulse? Levels to watch!If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! There is a potential for an completed impulse up here, not the most ideal look and the 3 wave move up could mean there is a flat in the works... But I think the main level we have to watch is the 0.1168 area. A sweep of the level would be ok, but a break of the level could lead to it turning into resistance and a revisit of some lower prices. Trade Safe, Trade Clarity.
Long
by CryptoKnee
1
Link: Signs of life?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Bullish Take: Breakout Possibility: The price has been testing the downtrend line (blue line), and a potential breakout above could lead to a bullish rally. Key Levels to Watch: The next target after a breakout is the $10.812 level. Recovery Formation: The price is hovering near a critical support level at $9.910, and if it breaks and holds, this could trigger a bullish reversal. Bearish Take: Downtrend Still Intact: The price remains under the blue trendline, suggesting the downtrend is not yet broken. Support at Risk: If $9.910 fails to hold, the next support lies around $9.329, which could lead to further downside. Lower High Formation: The chart shows a series of lower highs, reinforcing a bearish sentiment unless a strong breakout occurs. In summary: Bullish outlook if price breaks the trendline and moves above $10.812. Bearish outlook if price breaks down below $9.910, potentially leading to $9.329. Trade Safe, Trade Clarity.
Long
by CryptoKnee
1
EURUSD roadmap for next week (must see it)hi im msnp thank you for reading this article please support us with follow and boosting this idea ok lets see some charts 1D chart: you can see that we were in a up trend and now we break the trend line are we making an ABC pullback in retest of TOP? or we can break the top? notice that whole chart showing a big trading range zone 4H chart : in 4h chart we can see a very good bull trend but look at end of trend bears was so strong that can break EMA so this is a warning for traders that may bull trend is about to end ok so bears are strong at least as bulls 1H chart : we can see a break below the trend line and now we are making LH and LL we can shape a bear channel you can see a good reaction at top of channel, for next week we can expect 2 or 3 scenarios: 1. a double top at current price and go for LL 2. testing the top and then a double top 3. bulls can break above H and above the TR that means a new bull trend.
by imMsnP
DOG: Leash Yanked. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Bull Thesis: Five-Wave Structure: A completed five-wave structure labeled as wave (5) suggests a possible end to the correction, followed by a potential bullish impulse. ABC Correction Completion: The corrective ABC pattern seems to be nearing its end, indicating the possibility of a trend reversal upwards. Support at 0.0010845: The chart shows significant support around 0.0010845, which could serve as a base for a potential rally if prices hold above this level. Bear Thesis: Price Target of 0.0009633: The chart indicates a downside target of 0.0009633, showing potential bearish pressure if the current support levels are broken. Rejection at Resistance: If the price fails to break above the highlighted resistance areas, a deeper correction could occur, pushing the price down towards the lower support levels. Strong Resistance Zone: The area around 0.0011732 acts as a strong resistance, and repeated failure to break through could lead to a bearish reversal. In summary: Bullish if prices can break through key resistance at 0.0011732 and 0.0010845 and convert them to support Bearish if prices fail at resistance 0.0010845 and breaks lower towards the 0.0009633 target. Trade Safe, Trade Clarity.
Long
by CryptoKnee