What To Expect After The Fed rate Cut: 9-18-2024 (Fed Day)This video is really designed to teach you some basics about Fibonacci Price Theory (FPT) Analysis. I wanted to show you how I see the charts using FPT and why, sometimes, I might be seeing things differently than you do on the charts.
In my world, there are simple constructs that are evident on every chart. Supply & Demand zones, trending/flagging, and most importantly Fibonacci Price Theory constructs.
Fibonacci Price Theory is the basis of all my analysis. It is the ground-level structure I look for in price on all charts. Then, I move to more advanced indicators and other analysis types to develop a Success/Failure outcome (trend/trade expectation).
What I do is not hard to understand - it just takes practice.
Fibonacci & Gann techniques are infinitely adaptable to any type of price action. I use another technique I call the Tesla Price Amplitude Arcs which often help me identify where/when price events may happen - but that is for another video (maybe).
Ultimately, it comes down to understanding the structure and intent of price action (either success or failure) and how to position your trades for that success or failure of any price event.
There are really two types of traders: trend traders and counter-trend traders.
Trend traders try to catch the explosive price moves as trend events.
Counter-trend traders try to catch major reversal levels in price and try to profit from counter-trend price moves (reversals/reversions).
Using FPT, you can learn to execute both type of trading styles and improve your ability to see the market trends/setups more clearly.
I hope this video helps you learn to become a better trader and helps you understand my Plan Your Trade videos more clearly. At least you'll be able to understand how I see charts and what drives much of my thinking related to chart.
Get some.
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Silver
SILVER:Market Is Looking Up! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 30.63374$
Wish you good luck in trading to you all!
SPY/QQQ Plan Your Trade For 9-18 : Gap Potential & Fed DayThis video pretty much covers everything I've been telling all of you over the past 5+ days.
Yes, I'm planning on waiting out the consolidation/early trading today and waiting through the Fed decision. There is no reason to jump in front of a moving train attempting to change its direction or speed. You just get run over and beat up.
So, I'm going to take a break this morning, watching the markets and waiting for the Fed rate decision.
While I did look at some data points this morning, the one thing that caught my attention was the Mortgage Refinance Index. That index has jumped more than 45% over the past 12-16+ months while mortgage rates are still above 6%.
I believe this is an indication that ARM borrowers are under some pressure now (after roughly 36 months) to refinance and are dealing with higher rates. 2024-3 = 2021.
Those hot to buy anything after the COVID pandemic may have signed into ARM loans with a 3-year rate guarantee - which may now be rolling into fully adjustable rate loans. That would push the refinance index higher as these homeowners attempt to wiggle their way into something more realistic than the 6.5 to 7.5% rates on their ARMs now.
In my opinion, this is the only thing that may prompt the Fed to lower rates a bit - the pressure on a small segment of home owners in ARM loans that need some relief.
We'll just have to wait and see what happens today.
Get some.
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SPY/QQQ Plan Your Trade Update For 9-17 : Wednesday is CriticalIf you were paying attention to my SPY Cycle Patterns today - boy, a beautiful "top" pattern setup today. Just like my SPY Cycle Patterns predicted more than 3 years ago.
If you've been following my research, you already know I've identified dual excess Phase Peak patterns that should resolve into a rollover topping pattern, sending the SPY/QQQ moving downward towards the end of this week (Sept 19-20). If the current Ultimate High price level continues to act as resistance, there is a real potential for the SPY/QQQ to move into a downward momentum breakdown the following week (Sept 23-30).
But, the one thing that throws the whole topping pattern into a mess is that the RSP has already broken to new ATHs and appears to be attempting to hold above the previous high-price fractals. Thus, we are seeing the equal-weighted S&P already moving into a broad value-based rally phase.
Watch this video to understand why I continue to suggest traders avoid engaging in any big trades or get greedy, thinking they are going to WIN BIG on their trades. Yes, I'm sure some people will hit their targets over the next 3-7+ days, but others will get run over (hard).
Unless you really like taking the risk of getting run over by the markets or market makers, I suggest sitting back and reading a good book while the markets or traders struggle to find their exits.
One thing is certain: the markets will move into a trend by the end of September—either into a breakaway rally phase or into a rollover topping phase.
You'll have lots of time to position for these trends because my research shows the next cycle phase is October 7-10 (nearly two+ weeks away).
So, why stress out about tomorrow's Fed Rate decision? Just sit back and wait for the markets to give you a clearer understanding of what's next.
I'll create another morning video tomorrow morning.
Get some.
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Bullish on Gold and Silver | Long-Term As I mentioned in the previous post on DXY, my bias on the US Dollar index is bearish for the first half of September. Also, as the seasonality of Gold and Silver suggests, September is a negative month for these two cousins. So, in my opinion (not investment advice), in the last week of September and the first week of October, we might see good lows on Gold and Silver.
Remember, we cannot time the market, for now, I anticipate the lows to form at the end of September because the seasonality and the price action support this narrative for me. Also, the market is expecting the first rate cut on September 18, which, I believe, Gold and Silver already priced in that sentiment to some degree.
We can expect Gold to go as low as 2450$ before it attacks 2600$, and silver to revisit the 25$ - 26$ area after 4 months (the red scenario). I like the chart formation on Silver as it formed a very bullish structure on monthly and weekly charts. That's why I also put the yellow scenario which suggests Silver would dance around the 28$ level before it breaks out the 30$ and continue its journey towards 36$.
SPY/QQQ Plan Your Trade Update For 9-17: Excess Phase Peak BreakThis short video explains why it is so important to often wait for the markets to show you what it really wants to do - not trying to force a trade when the markets are undecided.
Many traders are likely short right now - expecting a top to setup in the markets ahead of the Fed rate decision. My research suggests a top would likely form because of the dual Excess Phase Peak patterns on the charts as well.
But, the RSP rally to new ATHs over the past 3+ days gave me reason to PAUSE and really consider the potential that price may rally and break away from the Excess Phase Peak setups.
Well, today we have a new ATH in the SPY. We need to wait till the end of the day to see if price gets rejected at these new ATH levels - but this is a BREAK of the Excess Phase Peak pattern.
Over the past 10+ days, I've continued to share why these Excess Phase Peak patterns are one of the core constructs of price action. They happen all the time (probably 60% of all trading through any year is an Excess Phase Peak pattern).
There are five constructs to the pattern. They can be Bullish or Bearish in structure.
At any time after the initial PEAK/TROUGH is set, they can INVALIDATE. So, we have to stay keenly aware of when/how they can invalidate.
This video will show you multiple examples of Excess Phase Peak patterns and how to use them.
Get ready, we may be at the start of a moderate melt-up for the SPY targeting 585-595 or higher.
Get some.
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SILVER Is Very Bearish! Short!
Please, check our technical outlook for SILVER.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 30.847.
Taking into consideration the structure & trend analysis, I believe that the market will reach 30.212 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
SILVER: Move Down Expected! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 30.53995$
Wish you good luck in trading to you all!
SILVER BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are now examining the SILVER pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 28.979 level.
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SPY/QQ Plan Your Trade For 9-17 : Top PatternToday's Top pattern suggests the markets will melt upward in early trading, finding resistance, then rolling over into a moderate downtrend.
A top pattern is very similar to a reversal pattern. Where price moves higher, finds a key resistance area, tops, and then rolls downward away from the resistance area.
In today's video, I take a quick look at RSP, the equal-weighted S&P500 ETF, where price levels have already moved to new ATHs. And this may be very important for all traders to consider.
If the equal-weighted S&P ETF is moving to new all-time highs right now, while the QQQ and SPY struggle within the Excess Phase Peak patterns, it may be just a matter of time before the SPY invalidates the Excess Phase Peak pattern and moves to new ATHs as well.
The QQQ may be a different story as that chart still shows quite a bit of upper price range before invalidating any of the Excess Phase Peak patterns.
Therefore, I suggest traders stay very cautious today and tomorrow as we see how things play out. Right now, I would suggest the topping/peak pattern has about a 60% probability of playing out successfully today. Those ATHs in the RSP are more indicative of a moderate melt upward instead of a rolling top pattern - at least right now.
Gold and Silver will pause a bit ahead of the Fed rate decision. All markets are in a "wait and see mode" ahead of the Fed. This is another reason why you should not be overly aggressive in your trading right now.
Bitcoin is attempting to FLAG again - moving into a tighter, more consolidated price range just below $60k. I still believe an explosive upward price trend is building for BTCUSD.
I believe we will see an explosive upward price trend setting up just before the elections across the SPY/QQQ and other markets as well - we have to get through the next 45 days of consolidation and uncertainty ahead of the elections.
Get some.
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Poised for a Historic Breakout Beyond $50The chart represents the price action of Silver (XAGUSD) on a weekly timeframe, spanning multiple decades, from the late 1970s to the present. It shows major price cycles, long-term support and resistance levels, and key price patterns. The chart is designed to highlight a large cup and handle formation that appears to be developing over a long period, potentially indicating a significant future breakout.
Cup and Handle Formation:
The chart shows the possibility of a "Cup and Handle" pattern. This is a bullish continuation pattern where the price forms a rounded bottom (the cup) followed by a consolidation (the handle) before potentially breaking out to higher levels.
The cup started forming after the massive spike in Silver prices around 1980 when it hit all-time highs near $50. This was followed by a prolonged decline over the years, forming the rounded bottom throughout the 1990s.
The price of Silver began recovering in the early 2000s, reaching another peak in 2011, followed by another downturn forming the "handle" of the pattern.
The breakout zone for this potential pattern is around $48 to $50, which coincides with Silver’s previous all-time highs.
Resistance Levels:
$50: The most significant historical resistance level, tested during 1980 and 2011, represents a crucial price level. A break above this would signal a major bull run.
$30 - $35: This region is a shorter-term resistance zone. The current price action is pushing toward the $30 handle, with minor pullbacks along the way, suggesting consolidation.
Support Levels:
$14 - $18: There is a strong support range, which Silver tested multiple times in recent years. This level has provided a foundation for upward movements and seems to have formed the lower boundary of the handle.
$20 - $22: A more immediate support level that aligns with previous price corrections in 2016, 2018, and 2020. This zone may provide short-term protection for the price in case of a retracement.
Long-term Perspective:
If the price breaks out of the current resistance levels, the next long-term target could be as high as $80 to $100, based on the magnitude of the cup and handle pattern.
Conclusion:
This chart on Silver presents a compelling case for a long-term bullish breakout. The formation of a large cup and handle pattern indicates that once Silver breaks above the $50 mark, it could potentially reach much higher levels. However, in the short term, there is strong resistance around $30, where consolidation may occur before another attempt at higher prices. A failure to break these levels could see Silver return to the $20 - $22 support zone.
VOLATILITY EXPANSION = GOLD - $2800MACRO
- Gold is not only benefiting from the prospect of rate cuts but the added uncertainty of lingering inflation concerns given the latest CPI/PPI numbers. If FOMC's rate cut looks anything like ECB's Gold will outperform in the week(s) ahead.
TECHNICAL
Gold has broken out of a tightening range and volatility is expanding. This trade set up will be valid as long as Gold continues to hold above the Daily Bollinger Band and Close above its previous days low. I will look for a 9 candle count move here for an ultimate target around the $2700-$2800 level. That being said, I will look to take partial profits on any major impulses during FOMC meeting/rate cut.
BRIEFING Week #37 : Wild Markets PersistHere's your weekly update ! Brought to you each weekend with years of track-record history..
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SILVER: Forecast & Technical Analysis
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the SILVER pair price action which suggests a high likelihood of a coming move down.
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SILVER: Market Is Looking Up! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 31.41813
Wish you good luck in trading to you all!
SPY/QQQ Plan Your Trade For 9-16 : Gap Reversal PatternMy honest opinion related to the next 2~3 trading days is - go take a few days off and wait out the markets for the next 48+ hours.
I don't believe there will be much in terms of opportunity over the next 48-72 hours as price is likely to chop around near the top of the current FLAG. The real opportunity comes late Wednesday and into Thursday/Friday as price should attempt to break downward (if my analysis is correct) and move into a solid 5-7+ days of downward price momentum.
What I see happening over the next 48-72 hours is Sideways Chop. Not fun for the average trader and really not something you can make a lot of money trading unless you are very skilled at catching short-term price rotation with options.
Overall, the next 48+ hours should be about observation - watching price attempt to stall, break away from this FLAG, and setting up for the bigger move near the 19th & 20th of September.
I'm not telling you how or what to trade. I'm just saying I believe the next 48-72 hours will be very difficult for average traders.
OK. Happy Monday.
Get some.
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SILVER (XAGUSD): Bullish Rally Continues
Silver keeps rallying like crazy.
The price was rapidly growing the entire last week.
It managed to violate a significant horizontal daily resistance
and close above that on Friday.
With a high probability, the market will keep growing and reach 31.4 level soon.
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SILVER | THE BIGGEST CUP & HANDLE OF ALL TIME!Apple’s Cup and Handle pattern in the early 2000s is often cited as one of the most significant. After a prolonged downtrend, Apple formed a large cup with a handle from 2000 to 2005, which, after breaking out, has continued to appreciate to this very day. However, Apple's pattern is nothing compared to the current Cup & Handle pattern that exists in silver, whether in size or price.
I truly believe that silver is currently the most undervalued asset and will not only attain higher prices than most can imagine but will also rapidly begin to appreciate against gold, which currently has a ratio of 83.75 to 1. This ratio is irrational and unsustainable, as gold and silver are typically mined at a ratio of around 10 to 1. Even current U.S. Treasury Mint coins—Silver Eagles and Gold Eagles—have a current exchange rate of 50 to 1 at face value. Historically, under the gold standard and the Coinage Act of 1834, the ratio was set at 16 to 1.
Although this will not happen overnight and could take a decade or more to come to fruition, the unnatural and irrationally low price of silver is coming to an end. The overinflated gold-to-silver ratio will continue to fall as price manipulation ends and true price discovery begins.
SILVER The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for SILVER below:
The price is coiling around a solid key level - 30.720
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 29.587
Safe Stop Loss - 31.354
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
FRES STONG BUY IMMEDIATE MONEY TO BE MADEPrice action rising from recent low towards short term resistance at 100 fib retrace level, with 728 to be next meaning full resistance.
Price action supported by hidden bullish divergence, increased metal prices and a rising earnings profile.
Action will be swift don't wait too long to buy.
Lower rates means Silver to 40?The US dollar is trending lower.
Rates are expected to be lowered.
Unemployment number rising.
Presidential election has candidates talking about give aways.
War is still happening.
China is in deflation.
Banks are seeing credit card delinquency's rise.
There are 2 "technical" patterns implying a 40 ish silver price if we continue to break out. And remember all times highs are at 50 ish.
The recent weeks price action is encouraging and is implying breakout higher.
twitter/x is full of "silver squeeze" chatter again. good to see the buzz start up again.
Be safe.