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Gold scalp/swing Both scenariosIf gold can close an hourly above the trendline look for an upside to the 1739-1740 region(big fakeout zone and previous range top) if it gets through look for an upside of the upper trendline and afterthat the psycological level of 1750(previous rejection zone) Buy on a retest of the trendline and rebound off or when it breaks the previous 1739 level. As i publish this a hourly has closed above the trenline but started pulling back slightly. Be cautious because we are in a downtrend on a 4hr timeframe and we completed a pin formation down (went below the neckline and recovered) Levels and trendlines to watch: Alternatively/if rejected or falls below the trendline again: To be safe wait for hourly closes Thanks:)
OANDA:XAUUSD
by james2004f
Gold scenario from TheorisCase. A $XAUUSD try to end with a Bearish falling wedge pattern the green zone in charts if gold cannot drop lower than this and can break higher than dotted-line - reversal will work. TP > 1903 Case B. We will see strong support (yellow zone) and red dot channel and red trend line. Yes, It is a wide range. we must wait and see in the smaller time frame TP > 2000 Case C. Gold breaks down the red trend line. N/A I think case B. is the highest possibility to occur. Now I only use scalping trading in sell and wail the reaction as 3 cases above. Have a nice day
OANDA:XAUUSD
by theoris
1
TSM possible scenarios...patience will be crucial with TSM... 1.) Scenario that we can looking for setup is "ABCD" pattern where right now we are in (C) point and that is good setup for buy ... but ... 2.) But as we can see with pink color, if price come down on point (A) we will looking, will the price do a "head and shoulder" and than that will be good setup at price by approx. $105.22 3.) And with yellow color we can see If the price come at point (A) and just bounce back in "ascending triangle" and make ATH we will looking for resistance brake and setups for buy. Thank you for reading, and this is not purchase recommendation... Push like button or comment if you like this analysis or if you have some your view. :) NYSE:TSM
NYSE:TSMLong
by kova137
Weekly Market recap 6: volatility may take off very soonI believe the first breakout impulse of a new trend in the major assets can start during the next week. DXY broke out the long-term trendline and held above, closing at the border of the current sideways channel at 94.00 (even a little above it). If on Monday DXY closes confidently above 94.00, I'll be surely bullish on USD and JPY as that may signal the beginning of the new wave of risk aversion sentiment. If instead DXY forms a rejection candle signal, the reversal back into the range is likely. The major asset classes came to significant price levels 1)Brent broke the important support at 39.00, confirming the short-term uptrend (started at the end of April) reversal according to the trend structure. 2)Although S&P500 hasn't broken September low yet, it's consolidating under MA(100), that adds to my bearish bias on stocks. 3)Gold is also testing its major support level. Possible scenarios Whatever asset you look at, the full-body candle in either direction will tell us a lot at this point. We either enter into a volatile trending market (in case of DXY being above 94.00) or a possible short-term trend of medium volatility in the opposite direction. The market may be pricing in the upcoming United States Presidential election on November 3. The election result can be a catalyst for a new trend across the board.
TVC:DXY
by Cherry94
GOLD STRUCTURE ANALYSIS| SCENARIOS GOLD is trading in a triangle, with it's lower bound changing angle! (1) A strong green horizontal support has been established (2) IF gold manages to break out the diagonal resistance of a triangle>>> Then the post-breakout scenario will likely play out (3) With long opportunities from pullback first and then from retracement to the dotted line. (4) IF it does not>>> long from the horizontal support __________________________________________ LIKE and SUBSCRIBE for VIBES!
OANDA:XAUUSDLong
by ProSignalsFx
5
QQQ - the tangled webs we weaveThis is an experimental model for educational purposes only, The purpose is to demonstrate the repeating nature of slopes derived from the dart boundaries, once we find an angle we like it is likely we will find it again. This helps with scenario planning - creating multiple possibilities to prevent getting burned by bias. I added scenario bars through Sept 10th in this example. Another interesting discovery was how the 4th darts lined up to create a channel (white dashes). Using the .5 Channel above as the second apex was the cause.
NASDAQ:QQQ
by Pennywick
Whose the winner of the war ?Alright guys lets make it simple to understand, this is not hard to see... Breaking red lines means potential to touch another one. Breaking green lines means potential to touch another one. Personally im in short until I dont see a confirmation above 9450(Means 9500 break) and I will do long to 9850, I didn't enter trade yet, because this range is not done yet ... you can see the touches and respects in rsi(focus on red and green lines there). We are above the ichimoko cloud but cross over wasn't good enough ... it was week ...(cross over was inside the clouds) If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading. Take care, trade safe and good luck.
BITMEX:BTCUSD.P
by AminHa4
18
BITCOIN all possibles scenariosHello Traders, Here is a overall view about BITCOIN and all the things you have to see before making your decision. The first scenario is a possible Head n Shoulders pattern at 1hr time frame if we loose this neckline we can have a stronger correction moviment. The second scenario is that we can test this two support levels bellow and still be on bullish trend. In the big picture we can see that the price feel it the long Term Resistance line, and can have significant correction moviment from this level. We do not descart out the possibility of starting an accumulation pattern at that level and breaking uptrend moviment in a few days and broke the long term resitance line and go above 10k zone. Please like this post and leave your comment. You are welcome to follow us on our social networks.
by MarketMinds
3
Bitcoin Weekly Analysis: Important Support. Hi, I’m David and I write one of the most read columns in the Netherlands about Bitcoin on a Dutch crypto platform for several years now. As of now I will also share my columns on TradingView. I hope you enjoy! More info about me you can find in my bio. Last week it finally happened! The 200-day Moving Average (MA) was broken upward with a lot of force and the price of Bitcoin surged to $ 9500 on coinbase. A resistance that I indicated as the next important resistance in my previous analyzes. By crushing the 200-day MA, all major Moving Averages haven been broken to the upside. I'm talking about the 200-, 50 day and the 21 week Moving Average. I was of course bullish for a long time and when Bitcoin's price went into the $ 6XXX zone, I thought it was the best time to go long and to increase positions. At that time my arguments were mainly based on my personal analysis that the underlying trend was bullish as a result of observing that the upward action was stronger and more aggressive than the downward action where the price of Bitcoin slipped slowly away and with little volume. In addition, there was of course strong support in the $ 6XXX area and it was that combination that made me so bullish at the time. By breaking important resistances and Mas over the last few weeks, however, we now also have proof on the chart that the trend is bullish and, as I described last week, I think that the brakes are now off for Bitcoin! Anyway, the fact that I think we're just on the eve of a big rally doesn't mean we're going there in 1 straight line. In fact, there are few things that are certain and that I can guarantee in trading, and this is one of them: while the trend is bullish, the price will see rallies and pullbacks! I mainly trade the weekly and monthly charts and the art of surfing a long trend is not to grab your profits too quickly and not to panic in a pull-back. In those long waves, in my view, is where the real money lies and to get that you need a healthy dose of confidence to stay put when it gets exciting and it is now exciting because with an open-interest of more than a billion on Bitmex and the fact that the price of Bitcoin is moving against the resistance of $ 9500, we are about to shoot up (on the way to the resistance of $ 10400) or first make a retrace. Yes indeed. The price can go up or down (go figure). Anyway, it doesn't matter because as you may know I always do scenario planning and I am prepared for any outcome of the $ 9500 battle. In figure 1 I have shown the daily chart of Bitcoin on coinbase and the first thing I notice is that a bullish flag has formed on this chart. The fact that the price of Bitcoin is consolidating at such a high level after the previous rally is a positive sign for me. At the same moment we can see from the wicks at the top of a number of daily candles last week that the resistance around the $ 9500 is not small but that at the same time the support on the $ 9200 level is also strong. The bulls and bears are in a stand-off. As a result of the previous rally, the bullish trend and the formation of a bull flag, I do give the bulls the benefit of the doubt. In the above figure we also see that after a very long time the 200-day MA (orange line) is finally flattening out (since the price of Bitcoin moved north again off the 200-day MA it is expected that the 200-day MA will be upward sloping within the foreseeable future as long as the price remains north off it off course) and we also see that the 50-day MA (blue line) that was broken some time ago now has a lot of momentum. It will probably not be long before we see a golden cross (50-day MA breaks the 200-day MA). Anyway, most people know that the chart looks bullish. However, the momentum indicators on both the daily and weekly charts show that the power of the bulls is decreasing somewhat (this is also reflected in the consolidating candles) and that the volume is also decreasing. The fact that the price is pushing against the resistance at $ 9500 leaves a possibility open for a short pullback. If a retrace would take place, I will first look at the $ 9200 zone. This is because this level is the lower limit of the bull flag and in addition this level has acted as strong support several times in the past week. However, should the price break downward through this level and actually make a close below this level (on the daily chart), I would immediately look at the support zone around $ 8800-9000. In order to maintain strong upward momentum, I personally think it is important that the $ 9200 is maintained because as long as that level persists, the bullish flag is still fully intact, and I believe there will be sufficient confidence to break the $ 9500 AND $ 10400. In that scenario the price of Bitcoin would reach five-digit values again, and that should sound like music to most people, I guess. Anyway, back to the scenario where the price of Bitcoin makes a pullback. If the $ 9200 doesn't last, I would - as I just indicated - immediately look at the zone around the $ 8800-9000. In my view, this zone must hold because in addition to the fact that the $ 8800 is an important support level anyway, this level also includes the 200-day MA! A retrace back to the 200-day MA where support would be confirmed on the 200-day MA would also be a good scenario (in addition to keeping the bull flag intact) because this scenario would confirm that breaking the 200-day MA wasn't just a lucky shot but that the 200-day MA is here to stay and that in the coming period the market can have confidence that there is strong support at this level. Since I am bullish and since the trend confirms this, it believe it is wise to go long on the dips. Should the price fall back to a level of $ 9200 and find support on this level, then this can already be a good moment to increase or open positions. For the real short-term trader this is a good idea anyway because they can of course trade the flag whereby positions are opened and closed on the bottom and top off the flag. A break downward through the $ 9200 with subsequent support on the 200-day MA would, in my view, lead to the best entry and be truly a bonus. It would create a situation where a Stop-Loss can be established very well (take into account any wicks that may form but look at a level of $ 8500-8600 for the S/L, for example) and would also be a great position for breaking $ 10k+ levels. A break through the 200-day MA would make the whole chart rather bearish (although there would still be hope at a few other levels which I will share in case that happens), certainly if the 200-day MA will start to act as a resistance afterwards, but so far there are no signs of this and I do not see this happening quickly. On the other hand, a move upwards through the $ 9500 would open the road to first the $ 10000 and then the resistance around the $ 10400-10600. Personally, I think that as soon as the price breaks the $ 9500, the $ 10000 is also virtually broken because the price of Bitcoin is naturally attracted to this level. The challenge will mainly be in the zone around $ 10400-10600 because around this level we can see clearly on the weekly chart (but also on the daily chart) that there is fierce resistance (Figure 2). A break upward through the $ 9500 would therefore automatically make me look at the zone around $ 10400-10600. Shorter-term traders could secure some profits in this zone. Although the momentum indicators are on the high side, there is still ample room for direct continuation of the rally. It would not surprise me if the current bull flag holds and the rally immediately continues its hunt for the $ 10k and then the level above that at $ 10400. On the other hand, a retrace up to the 200-day MA would not be bad news either, as confirmed support at this level will pay off considerably in the longer run because a market with confidence reaches higher than a market that is restless and continues to rise without confirming important support. All in all, I am and remain bullish and I would certainly not panic from a small pull back (as long as the 200-day MA lasts!). It will be an exciting week because I think there will be a lot of volatility! Enjoy your day and see you next week!
COINBASE:BTCUSDLong
by UnknownUnicorn2185170