VNINDEX long term plan (2024-Q4 to 2025-Q2)This is my idea about VNINDEX long term plan.
Time range: 2024-Q4 to 2025-Q2.
- Expected to continue its upward trend in Q4 2024, reaching a new record high of 2,000 points by the end of the year, driven by strong earnings growth, low interest rates, and positive market sentiment.
- In Q1 2025, the VN-Index may face some correction and consolidation, as investors take profits and adjust their portfolios for the new year. The index may fluctuate between 1,800 and 2,100 points, depending on the macroeconomic situation and global events.
- In Q2 2025, the VN-Index may resume its rally, supported by the recovery of the tourism sector, the acceleration of the vaccination program, and the implementation of new infrastructure projects. The index may surpass 2,200 points by the end of the quarter, setting a new historical milestone.
The Information is not an finance advice.
Seasonality
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Bitcoin History Rhymes 📝However if you look at how the price broke out of the supertrend baseline in 2020, you can say that history repeats itself.
In both cases, a year passed from the bottom of the cycle, and the price consolidated for some time below the trend line. Then a 20% breakout↗️
What's next? Will the rhyming continue and we will fall like in 2020? I think not, this poetry is over. Although some correction and retest of the 30k zone is possible, such falls as during the censored crisis are not expected. Here you can start looking for some rhyme with the cycle of 2016.👀
Gold 15m 27th OctoberAs we approach the end of October, gold is very strong. Currently consolidating in the top of the range.
I am expecting there to be a break of the recent high.
Once this high is taken we can look for potential pullbacks in gold.
in a couple of weeks we have US rates release, its typical of gold to rally in the approach to this.
Taking longs from each break of structure in the bullish direction is high probability
Update BTC 26/10Update BTC 26/10
BTC has gone through the wave of increasing from 25,000 to 35k, and has been distributed for 3 days, now there is a signal to confirm the adjustment reduction, let's sell BTC from 34k to 30k, good luck, I have closed a part. at 35k, and still holding a buy order of 25k, this idea is just to sell a correction
Crude Oil - Correction? Or Change in Trend?The December Crude oil contract has endured a precipitous drop in the past three trading sessions - falling nearly $7 per barrel. Is this just a correction? Are we in the midst of a trend change?
The Bullish Case:
Crude gapped higher on Monday, October 9th, following the start of the conflict between Hammas and Israel, and the geopolitical risk surrounding the situation served as a bullish catalyst for the crude oil contracts. A primary reason for the rally was anticipated escalation in the conflict, which has yet to materialize - causing the rally to stall. However, the risk of escalation still remains. Third party involvement from other nations or interest groups has the propensity to push crude oil prices even higher than the initial rally following the onset of the conflict.
The Bearish Case:
The winter months are typically not very kind to crude oil prices. Demand for crude oil wanes as consumers are usually more sedentary during the winter months. The seasonal chart below displays the 5, 10, and 15 year average tendencies for the December Crude Oil contract. Over each of those periods, crude oil prices trended lower from mid-October through November. If escalation does not materialize, it is likely that crude oil will continue to move lower.
How Will We Know?
In order to keep the uptrend intact, December crude oil will have to defend its recent low around $80/bbl. A turn higher ahead of that point will be a strong indication that crude will buck seasonal tendencies and continue higher. A failure to defend $80/bbl likely indicates that prices will continue to move lower.
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Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
AUDUSD Seasonality for October is 50/50The Seasonality of AUDUSD is showing average 50/50 the Aussie will out performe the USD during October, during this moth if the sentiment will shift to a less hawkish #Fed and traders start to price rate cutt by the US central bank. The AUD could surge up to 5% vs the #usd.
During the past 10 years AUDUSD performance was like this
Gains
5 gaining Oct in 10yr, Average Profit +1.87% and Max Profit +3.53%
Losses
5 lossing Oct in 10yr, Average Loss -1.65% and Max Loss -2.41%
See the full data on this link:
twitter.com
BTC/USD: Bull Market Confirmed! Here's What's NextAfter careful analysis, it's clear we've entered a bull market for BTC.
The global correction wave 4 concluded in November 2022, and the recent price actions offer confirmation. Here are the key takeaways:
The trend from 23rd November 2022 presents as a robust bullish impulse.
All impulse waves and corrections looks nice and well-balanced.
The waves within this trend are well-proportioned and align with various Fibonacci levels.
It's almost too good to be true!
We're currently riding wave 5 of the initial bullish impulse. Expect bullish momentum to persist until the end of November. Following that, prepare for a retracement back to the ~$25000 region before we launch into a massive bull run for 2024!
#Bitcoin Bear Trap on DSS 🐻In the last DSS post, I said when the moving averages enter the overbought zone🟩 on the Double Smoothed Stochastic oscillator, we get a red month candle. After that, the morning star pattern will mostly appear, which surpasses the drawdown (as in 2020).
And so it happened, we can see the number of bears who have caught on to this and are now very sorry looking at their negative PNL.
What's next? Historically, barring black swans, the market started to rise smoothly from this point. ↗️ This is also positive for altcoins. Who does not know what is better to buy now, so I recommend taking a closer look at my indicators for altcoins
Quick update on CB rat raceAs you citizens can see we've found a mistake in our earlier analysis, we are apoligising for this. We think that during summer of 1998 Russian Federation stepped into fx trading big time and move cycles towards bigger and longer planning. So as you have guessed this is a game of sharade about who is planning longer and who is taking gaps. Thank you and see you later, have a good working week guests.
Holding Previous Lows I have draw the important level of support that must hold at any cost.
If bulls are not able to defend this level next week, then there is lot of room for downside.
Support range is from 14,700 to 14,650
For remember this is seasonal strong period so there is a very high chances of us NOT FALLING and rallying through a long slow CHOP
NQ Framing: anticipating seasonal LowHello everyone,
We have had a bearish weekly bias and have continued downward today crossing an important level.
As shared previously, I have been watching these levels in case we get a new low for October, surpassing the earlier one, signaling the seasonal low for Q4.
We are very close to breaking that level. Rarely do you come this close to an important level without reaching it.
I would like to see 14586 broken, for a new low.
There ARE levels below that, and of course anything is possible.
However, I will consider the break of 14586 the seasonal low for this quarter, unless
convincing signs of further downside occur.
Important to note we are framed by a weekly gap above and below- there is a lot of room between this range.
I will be looking for daily moves between those for now.
Have a great weekend!
Lost 50-Day EMA & Anchored VWAP as well.We closed the day with heavy volume and also below the two most important things (50 EMA on daily and Anchored VWAP)
If we don't close above these two things tomorrow, then there is lot of downside to come.
The problem is this is a very strong seasonal period. so there will be a lot of chop.
Tomorrow FED CHAIR POWEL is going to speak so we will have to see how the markets digest his speech.
Be very careful especially tomorrow.
(TOTAL2) Alt coin market cap!!!!!Alt coins are bloody, the market moves based on Demand and Supply
If we go back to our chart, we can see here that there is not much demand in that area, between 600B to 680B.
In our previous data, in that area there was a good upward impulse movement, but now the sellers are more aware.
We can go back to the 400B range of the Alts marketcap, and we can still feel the price drop in some of our altcoins across the market.
be careful when positioning trades on different alt coins. Don't over trade too much. Relax and enjoy different things first to avoid big losses in the market.
PS: 400B support + Moving average 200 ; massive buying zone.
Happy trading!!
Monday BaselineMonday is what I use as a baseline for the week. I don't trade Mondays.
Here are the important levels I am watching for the week.
We are at a critical point and could see many surprises.
However I would like to see price not go higher than the two dashed red lines near the center, for some further retracement. there is a Daily FVG just above the first one.
Any time we get a pullback it makes a run higher stronger.
I prefer to trade with strength, not in choppy iffy conditions.
There is a possibility, as I discussed last week that we may see new lows.
But price has to go up before it can go down, and vice versa. premium and discount of a range, et.
There's a lot of world events right now that could impact market behavior as well as red folder news on the economic calendar.
Keep an eye on oil, gold and the DXY.
Have a great week everyone!
Chf/Jpy Counter-TrendTrade Idea for CHF/JPY
Bias: Counter-Trend
While the underlying fundamentals may favor a bullish move for CHF/JPY, there are compelling reasons to consider a counter-trend trade:
Bank of Japan's (BoJ) History with USD/JPY: The USD/JPY is inching closer to the significant 150 level. Notably, in the past, when the pair approached this level, the BoJ stepped in to intervene in the forex market. Should history repeat itself, this intervention could create ripples across JPY pairs, including CHF/JPY.
Market's Anticipation of FED Moves: The market chatter is starting to buzz about potential rate cuts by the Federal Reserve in 2024. Any significant shift in interest rate expectations can induce forex market volatility, potentially benefiting our counter-trend perspective on CHF/JPY.
Conclusion: While going against the grain of fundamentals might seem risky, the potential BoJ intervention combined with changing rate expectations from the FED presents an intriguing counter-trend opportunity for CHF/JPY.
ES/MES Analysis: Santa Rally??Prepare for a potential market shift that hinges on a compelling fractal pattern traced from May to July 2023 on the ES/MES futures chart. This analysis centers around the exciting prospects of a Santa Rally and a looming impulse wave higher, all rooted in the echoes of that distinct price action fractal.
The May to July 2023 Fractal:
Our analysis is anchored in the recent past, as we delve into the May to July 2023 timeframe, a period marked by intriguing price action. This historical fractal holds the key to our optimistic outlook, as it serves as a roadmap for what may unfold in the coming months.
Santa Rally on the Horizon:
The anticipation of a Santa Rally becomes even more tantalizing when viewed through the lens of this compelling fractal. If historical patterns repeat, we are on the brink of a year-end market surge, mirroring the dynamics witnessed earlier this year.
Impulse Wave Higher:
The completion of a 3-month A-B-C correction hints at the potential for an imminent impulse wave higher. This wave, inspired by the May to July 2023 fractal, could take prices on an exciting journey, potentially pushing them toward all-time highs.
As traders prepare to navigate these promising market movements, it's essential to remember that while fractals can provide valuable insights, the financial markets are inherently unpredictable. Prudent risk management and expert advice are vital when making trading decisions.
Stay tuned for further updates as we closely monitor the ES/MES futures chart, guided by the patterns and possibilities drawn from the May to July 2023 fractal, paving the way for an exciting journey in the world of trading.
-ChatGPT
--Michael Scott
Key points for seasonality tracking Is the low in or notWe definitely saw a reaction after tapping into that daily FVG above.
I expected a retrace after that.
now we have to see if it finishes this as a small retracement or puts in a surprise new low for seasonality.
Price could retrace to and bounce off those FVG's or go past the last two lowest lows for a surprise.
We will know more after today and Monday.
these are the key points of interest I am watching.
Have a great weekend!