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Gold's Ultimate Destination: Breaking Down Critical Levels Trend -- The price has surpassed the healthy channel from the end of 2022. -- It is possible that the momentum move is nearing its end and entering an overbought zone. 100% Symmetrical Projection: Uptrend "N" Patterns There are two "N" Patterns: a Large Purple N and a Small Orange N. N Pattern's Target Price & Fibonacci Price Cluster -- The target price of $2356 (Orange N) almost perfectly aligns with two other Fibonacci levels. -- The target price of $2480 (Purple N at 1.5X) matches with two other Fibonacci levels. To determine the significance of each target price, a Fibonacci retracement was conducted: -- Testing from $1810.4 to $2356 (Orange N): few validated price reactions to key levels were observed. -- Testing from $1984 to $2480 (Purple N at 1.5X): minimal price reaction to key levels was observed. Conclusion -- The $2356 target price (Orange N) represents a critical pressure level and may serve as the main target price of this momentum move. -- In other words, for the momentum to continue, the price must surpass the critical pressure level at $2356. -- At that point, we will then turn our attention to the second target price of $2480. Not Financial Advice The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
OANDA:XAUUSD
by stock_adelie
TRX- USDT...HINT- Ticking Bomb! 💣🔥 23/03/24With ENTRY area @ 0.12050 or around it is not too late to "jump in". TP @ 0.13634 or around... WARNING ⚠️: TREAT COUTIOUS, COS IT IS A "TICKING BOMB"! It can make a "crazy" dance all over chart before going to hit TP! Don't gamble & properly trade only....! It was done using purely technical analysis only... & only...😁 PS: not able to post many more trades, which one in the progress or just endup in profit , cos of lack spare time , sorry....over incoming weekend I will try to share majority of them .. Live Long & Prosper!🖖
by G-money2022
BTC Potential Correction to the 66-70k area in next few daysA small correction may soon occur. We are quite overvalued. We're just going to go over a few things so you may understand why we are saying this.. 1. If BTC is to hit its projected ATH of 198k by end of June 2025, it needs to proceed at a specific slope/trajectory. This slope is vastly below the current price; residing at 54.4k. 2. We are outside of our YinYang True Value Zone. This currently resides at 68k. 3. We are still currently in a Blood Diamond; and likewise our Predictive Blood Diamond has occurred. 4. We have already hit a point where a Bearish Momentum shift should occur within our SFX Signals & Overlays; we're just waiting for the Bullish Momentum to end.. which may be soon. 5. The volume (you can see this at coinmarketcap.com) still isn't where we need it to be 80-100b+. Conclusion: BTC and the Market is doing great; however there may be a correction coming soon... and it may be within the next few days. Please take caution and be aware of any risks involved with your trades. Expectation: BTC may correct back to the 66-70k area within the next few days. This correction may go further, or it may quickly resolve back into the 70k+, however, please be advised, that simply based on the Trajectory we need to get to 198k by July 2025, we are insanely overvalued and a correction WILL happen at some point if 198k by July 2025 is the ATH.
Short
by YinYangAlgorithms
2
The path to the crypto top for 2024As I've been writing on my analyses for crypto for the past year , I've thought that we were in a bear market bounce and that we'll still have a new low in crypto in 2024. Now that the bounce has largely played out, I think we're nearing a top for the year. I'm not bearish long term , I'm just anticipating that we only have a few more weeks of an uptrend before crypto starts to finish its bear market and starts its new bull trend. Why do I think this? 1. If you look at this chart that I created near the top in 2021, you'll see that the lowest price target still hasn't been hit but every other level has been respected well. Usually for a bear trend to complete, price needs to make it below the 8/1 gann fan level and I'd expect it to hit my final target of $9,781. 2. Same with this chart that shows the same targets. 3. Now you may be asking why that level is so important to be hit? It's because that's the level that price broke out from in the last bull market and it still hasn't been retested in the downtrend. Typically the breakout level of a prior bull market needs to be hit prior to the next bull run so that the chart finds balance again. As you can see from the chart , I think we have a few more weeks of running in alts. That's what I'm focused on now. The gains in BTC are minimal from here, with price to potentially go up to $48k. But alts over the next 3 weeks can still see 100%+ gains. Mostly it'll be small caps that haven't really had their time to shine yet. I'll be starting to fully exit to cash towards the end of January. As I think Feb/March could be quite ugly. TBD on when we bottom, but I do think it'll be sometime in 2024 when we tag the bottom box. Let's see how it all plays out.
CRYPTOCAP:TOTAL3
by benjihyam
18
3 Potential Risks & 3 Opportunities in 2024 - What are they?If you ask anyone on the street, 'Do you think living expenses and food prices will be higher in a year or two from now?' 9 out of 10 will likely say 'Yes.' This means inflation is still a concern. Risk 1, U-turn in inflation. Risk 2, An expansion in geopolitical tension Risk 3, A delayed recession in 2024 Comex Gold Futures & Options Its Minimum Fluctuation 0.10 per troy ounce = $10.00 Code: GC Micro Gold Futures & Options Its Minimum Fluctuation 0.10 per troy ounce = $1.00 Code: MGC Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX:GC1!
by konhow
6
USDCAD Expected Growth! BUY! My dear friends, Please, find my technical outlook for USDCAD below: The price is coiling around a solid key level - 1.3600 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.3699 Safe Stop Loss - 1.3559 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
SPX Price Range Projection For This WeekBased on the price levels of interest and how we reacted to them during the last weekly range projection, I suspect we will get price action similar to what I have plotted on the chart and listed in text form below as last week's range breakdown has shifted down our weekly range, and now we are looking to trade lower and perhaps open the week to a gap down in price. I also think the price could just crash below the ranges as the market is in the most bearish stae I'v seen since 2020, but so long as the market doesn't lose control, I think it will likely follow my plot pretty closely this week, otherwise it could just give us a straight line down. $4,150 Monday $4,195 Tuesday $4,100 Wednesday $4,165 Thursday $4,000-$3,980
SP:SPXShort
by RizeSenpai
Price-Action-Channel-Formation: Key Projection-Types!Hello Traders Investors And Community, Welcome to this tutorial about Price-Action-Channel-Formation. In markets, there are often price-actions forming that move into channel-formations which can shape into different forms. In this tutorial, I am looking at important channel structure types and how the projections can be assigned to properly object a taget-zone in the various types. As it is most often the case such formations can show up with a great potential signal to enter when they rightly complete and the final confirmation shows up, therefore it is important to keep patient on these confirmations and do not hesitate to enter into the market when no solid setup and opportunity is given. Range-Breakout-Projection: - Such ranges form quite often in the market and they can develop on smaller timeframes such as the 1-hour timeframe or higher timeframes such as the daily timeframe always with the proper time perspective given with the certain range. The pattern starts with a downtrend or in the reverse with an uptrend marking a new low or high which is the support/resistance in the range then the price bounces back to form the counterpart high or low which then creates the counterpart support/resistance in the structure. After a period of consolidation, the price finally breaks out of the range above the support/resistance level and closes there. When the final breakout emerges there are two possible target-projections, firstly the range height from the support to the resistance that is projected from the breakout point and secondly the width from the initial range entry to the breakout which is projected from the low to the upside, both projection can have different targets that can be assigned as target one and target two. Tripple-Channel-Target-Projection: - This is a very interesting channel-formation that is forming in the markets. Firstly the uptrend channel develops as seen in my chart(this can also happen in the bearish direction), within this channel a new high marks in the structure before the price-action actually reverses and breaks out below the lower boundary of this main ascending channel. The first breakout below the lower boundary of the channel activates a target with the projection to the downside and after that it is not seldom seen that the price-action moves back into the lower boundary and tests again as seen in my chart, in this case two further channels can be drawn, the second channel in the structure which is projected from the high to the structure lows and highs to the downside and the third channel projected from the new downtrend low to the new downtrend high, when the price-action now moves into the lower boundary of the main channel again this is a tripple-resistance-pullback as seen in my chart and the price-action moves on to the targets by the breakout and when the price-action then moves below the second channel the next target is activated. Classical-Descending-Channel-Projection: - This is the most classical channel in the market, it can form as a descending channel marking a potential bullish reversal as well as an ascending channel marking a potential bearish reversal. In both types, the channel is formed by the trend lows and highs which are ranging in the channel and as the downtrend (or in the reverse the uptrend) moves on the market gets oversold and the possibility for a reversal gets higher as the market has not the ability to continue this way for every. Such a formation also often inhabits a elliot ABCDE-wave-count which can offer additional confirmation for a breakout. This final breakout emerges when the asset gets that much oversold that demand enters and a breakout above the upper boundary settles as it is shown in my chart. When this breakout shows up the channel heights from the up to the downside is projected to the final breakout to the upside and the price-action is ready to appoint these zones. Range-Triangle-Channel-Projection: - This is a pattern that combines two formations, firstly an ascending channel and secondly an ascending triangle which is forming within the channel. Firstly the ascending-channel establishes with higher highs and higher lows and within this channel, the price-action makes something interesting as it does not move on further in the structure and stops making new highs it pulls back and forms a horizontal line of highs in the structure which then develops into this ascending-triangle seen in my chart in orange. Such an ascending triangle has the ability to form a dedicated breakout to the upside when the price-action moved on to range in the triangle and possibly also completes the wave-count within. When the price-action finally breaks out above the upper boundary of the triangle this will activate the further developments and targets at the upside especially amazing is the double projection here which projects the triangle height to the upside and is also at the same time the target at the upper boundary of the ascending-channel which can approve the target not only in price but also in time. Bull-Flag-Channel-Breakout-Projection: - This type of formation projection can show up with a very good solid signal however there are some very important determinations that need to confirm rightly before assessing the formation in the right manner. When the bull flag does not complete properly and the price-action increases bearishly or also bullishly when it is a bear-flag such a flag-formation can also invalidate with the breakout into the reverse direction which can often lead to heavy volatilities into the other direction as traders get trapped. Nevertheless when the formation completes rightly which will happen with the final breakout above the upper or lower boundary the target projection is made from the previous low in the wave to the upside to the high which is then projected from the lowest price-action point in the flag to the upside, always possible with the counterpart formation into the other direction. Double-Channel-Triangle-Breakout-Projection: - Now comes a very amazing formation as there are some interesting points given in this formation that can lead to a very strong breakout signal and the activation of the targets ahead. This formation basically consists of an initial channel to the downside in which the price-action ranges and after that can fall below the lower boundary and continue bearishly to reach the target, this initial price-action in the descending channel does not necessarily need to show up. After that when the price-action reached the targets the price backs up and continues to the upside to finally move into the previous descending-channel again in which it continues to consolidate and now also forms a bunch of lower lows that mark an ascending-trend-line in this channel, both the first descending-channel and now the second ascending-channel form a symmetrical triangle formation which is more likely to break out into the direction it came from which in this case is the bullish direction, this can also be measured into the reverse direction. The breakout then strongly activates an upside target which is the price-projection of the triangle to the upside and also the upper-boundary of the channel-formation that can also show the target in time. In this manner, thank you for watching my analysis about these important price-action-channel-formation types that can be spotted in today's market, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! Information is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.PEducation
by VincePrince
14
$ES New All Time High ExpectedOur projected path for CME_MINI:ES1! to take out the January 2022 High which also happens to be the All Time High. We are using a range from a Weekly Volume Imbalance and a Weekly Bullish Order Block combined to give us a price range between $4190-$4288 to find long positions. This price range is also in a discount for the current weekly price leg; giving us more reason to look for buying opportunities here. Look for price to reach this are late August or early September. We will post a smaller time frame once we get into this area and we see a favorable trade. We will take a small swing position but we are more excited to ride the price legs to the new high through intraday trading. We have used Fibonacci Projections to give us $4854 as our first target. Just for fun we want to call $5092 as the 2023 High of The Year. Leave your best guesses for the 2023 High below :) Happy Trading, BlackOakCapital
CME_MINI:ES1!Long
by blackoakcapital
1
Oil Prices Set to Soar: Will $100 per Barrel be the New Normal?According to the Elliott wave principle, the XTIUSD 4-hour chart appears to have completed a primary degree impulsive wave 1 followed by corrective wave 2. The current price action suggests that wave 3 of an ascending impulse is now underway. It is anticipated that XTIUSD will face resistance around the 73.88-72.84 range, and as a result, is projected to climb higher over the upcoming period in 5 internal impulses, potentially reaching above $95/barrel. Furthermore, a bullish batman harmonic pattern on the M15 further confirms this analysis. It is worth noting that if this forecast is accurate, it may trigger a rise in the dollar index as the analysis unfolds. My medium term target will be $90/barrel , while my ultimate target will be $100/barrel of oil.
FXOPEN:XTIUSDLong
by Samuel124