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2024-07-23 - priceactiontds - daily update - daxGood Evening and I hope you are well. overall market comment Indexes moved mostly sideways and that’s good for the bears. Even decent or in line earnings could not take this rally further, instead we sold off into the close and broke the minor bull trend lines. For tomorrow I expect more downside price action to test the lows. Commodities - Gold moved sideways inside the same range since Friday after the sell off. Market is trying to bottom but I don’t think bears are done. Wait for the next big breakout. Oil - Watching Oil on lower tf is atrocious and be smarter than me. Clear down trend. Lower lows and lower highs. Got 2 decent bear channels downwards and right now the 1h 20ema is decent to short against. Any pullback should now stay below 80. Bitcoin - First decent selling on the daily since last Wednesday. Bull trend line is broken but it was way too steep anyway. Bears need prices below 65000 to have a chance for more downside. If bulls buy the dip again, probably moon again to 700000+. dax futures comment: 18600 would need a huge reversal day tomorrow and get below 18400 for a chance of more downside over the next days. Bulls made it clear that this is the big triangle playing out first and not a new bear trend. My bearish thesis still holds as long as we stay below 18900. Just means we probably go sideways for longer. I expect tomorrow will be a big red bar on the daily chart. Close below 18450 would be good. current market cycle: trading range key levels: 18300 - 18900 bull case: Follow through buying by the bulls and they continued to stay above the 1h 20ema. Minor bull trend line also holding, so no reason to stop buying every dip. They now had 2 pushed up and a third one could get us to the big bear trend line from the ath. That’s the target for the bulls for tomorrow. Invalidation is below 18560. bear case: Bears need stronger consecutive bear bars below the 1h ema, for lower prices. Right now the best they can hope for is to stop the advance and maybe stay between 18600 - 18700. If they would be manage to generate strong selling below 18600, we can talk bear again. Bad stuff to trade currently. Trending trading range upwards. Invalidation is above 18900. short term: Yesterday I was neutral and will stay that way. Can see it go both ways again. Minor bull trend line needs to break and market has to trade strongly below 1h 20ema for this to turn bearish. Above 18700, odds favor bulls for 18770 or higher again. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: Short since 18700, added to shorts 18900. Will hold this till Cathy closes ARKK or the big short 2.0 is announced. —unchanged trade of the day: Tough. Any buy around 1h 20ema was good. Bulls made a 100+ ripper but bears quickly sold it, so you had to take profits and keep tighter stops.
EUREX:FDXSU2024Short
by priceactiontds
2024-07-23 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well. comment: Bulls are in full control, despite a red day. Market barely going down and still 3000 points above the daily 20ema. Expecting another retest of the highs or higher highs over the next days. current market cycle: trading range key levels: 53000 - 72000 bull case: Bulls want another bull gap to stay open, which would be at 65000. Current selling is a minor pullback on the daily chart and bulls have every argument on their side to reverse again. Next targets are 70000 and the big bear trend line from the ath. Can you just buy at 66000 right now? I don’t think so. It’s a bull flag and it could go down more. I would want a break above that bull flag first. Invalidation is below 63000. bear case: Bears got their first decent bear bar on the daily chart but the selling was still very two sided. Bears would need to steepen the bull flag and make the 1h 20ema resistance to accelerate the selling. Bears could be happy if the bull flag channel holds longer. Their first target is to close the bull gap down to 65000. Below that would be the daily 20ema at 63700ish. Invalidation is above 69000. short term: Neutral. Bullish above bull flag break and bearish below 63000. Market will probably move sideways around 65000 before we get a breakout above the channel. 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 current swing trade: None trade of the day: Selling the double top bar 25 (Monday) + 21 was decent for 2000+ points. Your signal bar would have been 21 because it was a double top with Monday and bar 20 was a very strong bull bar but 21 was such a bad follow through, that if bar 22 is a bear bar again, it’s a decent sell.
CRYPTO:BTCUSD
by priceactiontds
Analyzing DYDX: Current Trends and Future Projections📅 Let's dive into today's analysis, focusing on the DYDX coin in the crypto market. ⌛️ Weekly Timeframe In this timeframe, DYDX has experienced significant movements. Recently, it saw an upward trend reaching a peak at 24.295, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, DYDX is at a support level of 1.800 after a correction phase. Key Levels: Resistance: 6.861, 4.068 Support: 1.800, 1.178 📈 If DYDX stabilizes above 2.510, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 4.068. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if DYDX falls back into the range between 1.800 and 2.510, and stabilizes below 1.800, it indicates a bearish trend continuation. The next critical support level would be around 1.178. 📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. ⌛️ Daily Timeframe 🔍 On the daily chart, DYDX ranged around the 1.450 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 1.286. Key Levels: Resistance: 1.450, 1.590 Support: 1.286, 1.175 🧲 Given the current setup, a stabilization below 1.286 could signal another bearish wave. On the flip side, if the price moves above 1.450, it could indicate the start of a bullish trend, targeting higher resistance levels. ⌛️ 4-Hour Timeframe 📈 In the 4-hour timeframe, DYDX has pulled back to the SMA99 and reached the resistance at 1.450. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement. Key Levels: Resistance: 1.450, 1.590 Support: 1.286, 1.175 💥 The RSI is currently ranging between 33.26 and 40.45 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. Conclusion Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
SUPPORT AND RESISTANCE / PRICE ACTIONIn this analysis we are focusing on M30 time frame for # XAUUSD. Here we have support and resistance and also we know that market trend was Bullish. Bullish momentum is very strong. In my opinion market price comes downward first near to the support , and than again move toward the upside after facing rejection from the support. Always use stoploss for your trade. Always use proper risk : reward ratio. This is just my prediction or analysis , without any confirmation we could not place our trade.
OANDA:XAUUSDLong
by TradeTacticsreal
SUPPORT AND RESISTANCEIn this analysis we are focusing on (4H) time frame for DXY. In this analysis we are using support/resistance with combination of price action. If market price come back to retest the resistance area and does not break the resistance toward upside so this resistance area act like a supply zone and after confirmation we are going to sell at this area. And the target is set at the support area. This is just my analyze further any step can be taken after confirmation.
TVC:DXYShort
by TradeTacticsreal
1
SUPPORT AND RESISTANCEIn this analysis we are focusing on (H1) time frame for XAUUSD. Here we are using support and resistance. If price reject the resistance area then we are looking for sell and the target is set at support area. But in other situation if price break the resistance area toward upside. As we know when price break any resistance so resistance change into support and then we will wait for confirmation for buying opportunity. Always use stoploss for your trade. # GOLD 1H Time Frame Technical Analyze Expected Move.
OANDA:XAUUSDShort
by TradeTacticsreal
2024-07-22 - priceactiontds - daily update - daxGood Evening and I hope you are well. overall market comment Indexes pulled back as expected and laid out in my weekly post yesterday. Although a bit stronger and faster than I expected. Dax for example already reached it’s 50% pullback to the tick and bears want this to be the high and reverse hard from here. Commodities - Gold is also trying to find a bottom after the big rejection. Doji on the day so no deeper analysis needed. Set alarms when market breaks above or below today’s range. Oil bears tried the follow through selling but bulls actually closed the day above the minor bear trend line support again. So bears are not as strong as they could be. Still lower lows and lower highs. Bitcoin - BTFD in full force, Doji on the daily. No deeper analysis, bulls are in control, please read my weekly post. dax futures comment: 18600 is my line in the sand for bears. If they keep it below, odds are good, that we are in a bigger down move. If bulls continue up, it’s a triangle on the daily chart and we can expect more sideways movement. current market cycle: trading range key levels: 18300 - 18700 bull case: Good bounce by the bulls today and they closed at the highs. They expect follow through buying tomorrow and if they can a 1h close above 18600, many bears will give up on a new bear trend and stronger selling. Market did not have a candle close below the 15m 20ema today. Find those ema early in the day and grind them up or down. Invalidation is below 18500. bear case: Bears stopped the market at the absolute last point to keep the sell off thesis alive. 50% pb was hit to the tick. They need a strong overnight reversal or early in EU session. So probably more upside above 18620 and down again below 18500. Invalidation is above 18620ish. short term: Full bear mode to hell. Shorter shorty term is neutral as stated above. Bullish scalping above 18620 and full bear below 18500 again. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: Short since 18700, added to shorts 18900. Will hold this till Cathy closes ARKK or the big short 2.0 is announced. —unchanged trade of the day: Long bar 32. Strong breakout of prev range and market never looked back.
EUREX:FDXSU2024
by priceactiontds
2024-07-22 - priceactiontds - daily update - sp500Good Evening and I hope you are well. comment: Not too much to add after the dax analysis. 50% pb for sp500 is 5632, so market has some room higher. Daily 20ema is around 5600 and I do think the odds of the market turning down again to test the lows or make lower lows, is higher than going above 5630. current market cycle: Trading range until 5500 is clearly broken. But bubble has popped and is now deflating. Enjoy the ride down. key levels: 5540 - 5620 bull case: Bulls want at least the 50% pb and as long as they stay above the bull trend line 5575ish, their bull case is valid. One market broke above the 1h 20ema, it could not get a close below it and that’s strength by the bulls. They need follow through tomorrow and probably some force to get above 5632. That price is the 50% pb and also the breakout price, so two good reasons to go there again. Invalidation is below 5600. bear case: Bears need a proper channel for more downside, so they stepped aside enough today for bulls to get a bounce. Their target now is to stay below 5632 and not let the bulls gain too much hope again. No deeper analysis today, please see my weekly post. Invalidation is above 5660. short term: Neutral until market found the lower high and trades back down. Should be around 5630. If the minor bull trend line is broken, bearish to 5500 and below 5500 is hell. medium-long term: Bearish. We will see 5000 over the next weeks again and 4600 over the next 12 months. Will update this time and price wise over the weekend but I expect to at least see 5000 over the next months in 2024. —updated weeks to months. current swing trade: Short 5700. Will also hold this until Tesla goes bankrupt or Cathy closes her trashcan of a “fund”. trade of the day: Bulls made more money today. Buying anywhere near the minor bull trend line or at the 15m 20ema was good enough. Buying bar 45 or latest 47 was a very good trade.
CME_MINI:MES1!
by priceactiontds
USD/JPY Forex Analysis: Key Levels and Trading Opportunities✨Welcome to my channel! Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the USD/JPY Forex pair. ⌛️ Weekly Timeframe In this timeframe, USD/JPY has shown significant movements. Recently, it saw an upward trend reaching a peak of 161.384, which was a critical resistance zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, USD/JPY is at a support level of 151.341 after a correction phase. 📈 If USD/JPY stabilizes above 161.384, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 170.000. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if USD/JPY falls back into the range between 151.341 and 161.384, and stabilizes below 151.341, it indicates a bearish trend continuation. The next critical support level would be around 140.894. 📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. ⌛️Daily Timeframe 🔍 On the daily chart, USD/JPY ranged around the 161.616 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 154.814. 🧲 Given the current setup, a stabilization below 154.814 could signal another bearish wave. On the flip side, if the price moves above 161.616, it could indicate the start of a bullish trend, targeting higher resistance levels. ⌛️4-Hour Timeframe 📈 In the 4-hour timeframe, USD/JPY has pulled back to the SMA99 and reached the resistance at 157.746. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement. 📉 For short positions, the key levels to watch are 157.746 and 159.188, where price reactions could provide better entry points. For long positions, critical levels are 154.740 and 152.200. 💥RSI Oscillator The RSI is currently ranging between 40.38 and 57.16 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉Summary Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a pair you'd like me to analyze next.
by itsparham96
1
DXY political elections| FOR MORE INFO READ THE SIGNATURE SPACE AT THE BOTTOM | Good morning Traders. I kindly ask you to leave a like on this post and follow my profile to support my free dissemination. It costs you very little but makes a huge difference for me. | DXY AND TRUMP? | Could another Republican show us a bearish dollar again? From the chart, we can see that Democrats have always pumped the dollar. Is it a coincidence? We'll see what happens. But now??? Biden has resigned. Will he stay until November or will Kamala take over early? Does it make sense to let a president take office who still has to go to the polls? What could we see? What will happen in the coming months? For now, I can't see the future, but as soon as I know, I'll tell you. For doubts, questions, or requests, comment or write to me! I will be happy to answer you. -HAPPY TRADING -MANAGE YOUR RISK -BE PATIENT (For more info, read the signature space.)
TVC:DXY
by X_GoldenBoy_X
B I T C O I N So, I believe it's a bit premature to get excited over these most recent bull rallies. Why? It's due to multiple reasons, which I'll share with you all. -Price is reaching the A.T.H. -MH will be hit for 1st time -Price haven't retraced after breaking multiple key levels -Monthly divergence 🐻 -Weekly high's 2nd hit Seeing that price swept the weekly M.R.L. while also running into the EQ, I can see how most will look at this as a sweep for bull continuation, which it is! However, I am viewing it as a set-up for what's truly about to take place (IMO), which is a sweep of equal highs in order to begin the retracement phase to the downside. The range I'll keep an eye on to see when price action start to flip bull/bear is $76K - $80K, and I wouldn't be surprised if the process starts sometime this upcoming week from the H1/H4 perspective. A.O.I. $31,900 - $45,600 S.S. $35,200 I can very well be wrong on my analysis, and if I am, I'll look for the new weekly low ($55,600 - $55,900) to hold for further bull continuation. We all shall see..
BINANCE:BTCUSD
by ChrisJTradesFX
#202430 - priceactiontds - weekly update - dax futuresGood Evening and I hope you are well. Quote from last week: bear case: Bears are at the exact same spot as last Sunday but just a tat higher. They want a big reversal again at multiple resistance above 18800. They also see all the rejections from the past months at this level and shorting here has been very profitable. They also know it’s a bad buy for the bulls up here. Odds clearly favor them to trade back to at least 18600 but we will probably see 18500 early next week. comment: Bears took complete control of the market after the lower high 18927 which formed a perfect head & shoulders pattern. The Measured move down is around 17000 and I expect that price to be hit in 2024. Last bull trend line before the big one from 2020 & 2022 and I expect it to be broken over the next 1-3 weeks. The upcoming pullback is the most important part now because the height will determine the strength of the next bear leg and if this a new bear trend or not. If bulls get above18600 again, there is a decent chance we are still inside a big trading range. If bears keep it below the daily 20ema, we will most likely form a proper channel we can grind down over the next months. current market cycle: trading range - go look at the monthly chart. It’s a clear 4 month trading range. —unchanged key levels: small range 18000 / 18900 bull case: Bulls and bears alike knew the recent high at 18900 was a bad buy and they tried to save their bull case on Tuesday but once Wednesday came around and 18700ish was resistance the third time, they gave and we only produced lower highs since. Best bulls can hope for now is to keep it above 18000 and bounce at the weekly 20ema which is exactly right under Friday’s close and that the bull trend line from April will hold. Market expects a pullback and bulls want it to go above 18600, which increases the odds of this being a continuation of the triangle, rather than a new bear trend. Invalidation is below 18147. bear case: Bears are in full control and want a lower low below 18148 to break the bull trend line. The recent selling was strong enough for a second leg but I think a pullback is expected after Opex. Also very strong selling on much greater volume. Any pullback should stay below 18600. Invalidation is above 18650/18700, but that is pure guesswork. Need to see a bounce first. In general, if a pullback goes beyond the 50% mark, it’s hard to argue for a strong bear trend. outlook last week: short term: Bearish at least to 18500. It’s 50/50 if bulls can do a higher high or will only print lower highs from here. Looking for early weakness and then at 18500 absolutely neutral and let the market decide where it wants to go next. Any bad Dax earnings next week will probably flush it below 18500 again. → Last Sunday we traded 18857 and now we are at 18298. High of the week was 18889 and the low was 18274. Gave you 18500 and you got 18274. That’s 585 points from last Friday’s close. Hope you made some. short term: Full bear mode. Will try to catch the bounces as good as one can but the big money will be made to the downside over the next months. Short term we will see a bounce that should stay below 18500/18600 and from there I expect another big leg down to 17800. medium-long term: Time to update this section. I called for 17000 for couple of months now and I said, any short around or above 19000 is amazing. The highs held and now we will see how low we can get in 2024. 17100 is still my first bigger target and should be reached in 2024. At this point it does not make sense to call lower targets. current swing trade: Short since 18700, added to shorts 18900. Will hold this till Cathy closes ARKK or the big short 2.0 is announced. Update: Will post also some profit taking and adding to the position again. On Monday I plan to look for strength and take about half off and to add again around 18500 or higher. Chart update: Be reminded, that I switched from dax cfd to dax futures. Removed all the bullish lines except the two main trend lines. On from April and the one from 2020. Put text on the shs pattern and added a fat bear trend line from ath to the recent lower high because that’s the triangle we are currently in and about to find out of the bottom will hold.
EUREX:FDXSU2024
by priceactiontds
#202430 - priceactiontds - weekly update - bitcoinGood Evening and I hope you are well. comment: Bull trend is losing steam but still very bullish. Every dip is bought and market is mostly staying above the 4h 20ema. My measured move target upwards is around 72000. Do not look to short this is my advice and only look for strong bull breakouts on pullbacks. Trend kinda had 3 pushes up already but until the bull trend line is broken and market is trading below the daily 20ema, looking for shorts is a waste of time. current market cycle: Trading range but smaller bull trend inside of it key levels: 53000-70000 bull case: Bulls had an amazing reversal 2 weeks ago and follow through last week. They want their measured move target 72000 and if they can reach it, most likely also a new ath. Invalidation is below 62400. bear case: Not much for the bears. Technically it’s a breakout retest of the small trading range before the bear trend between 67000 - 72000. Bears want to turn around here but it’s very low probability that this bull trend inside this bigger trading range is already over. Invalidation is above 69000. short term: Bullish if we break above 68000 for tp 70000 or higher. Absolute no interest in shorts. medium-long term: I have been writing about getting down to 50000 for many many weeks now and since we are only 3500 points above it, it’s time to review my medium-long term take. I do think we are doing a very similar thing to 2021. Market will probably touch the monthly 20ema at 46000 soon and then go for a dead cat bounce. I do not think market can do a higher high again. For me it’s lower highs from here on and highest I think it can get again is 65000 but I do think there is a good chance, 63000 may be all bulls can get again. If it trades strongly below 46000, probably 30000 soon after but let’s make 46000 first and then I reevaluate my take. Update: Dead cat bounce way too strong to call it that. Still holding my 40000 target for 2024. current swing trade: None chart update: Added bull trend lines and removed old unnecessary highs and lows. That dotted bear trend line is very low probability and it’s better to ignore it.
CRYPTO:BTCUSD
by priceactiontds