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Palantir Validated a Liquidity Zone, Whats Next? If you saw my previous structural analysis, I had mentioned that Palantir was going to hit an institutional liquidity zone, and for the first time in several years, using common sense, the price was going to face rejection. And that’s exactly what happened... The price hit my point of interest and dropped for 3 days. However, the last candle with which we closed the week was green and had enough volume. Why is this? If we can see 2 candles before the close, we can detect a trap that created a long wick downward, preventing the price from falling further. That’s the detail we're seeing before the week’s close—the last candle was bullish. We also can’t ignore that Palantir is only about 2 weeks away from its earnings report. So, I don’t think the price will make a decisive move just yet, and even if it falls further, it would likely be around 38.50. However, the earnings strategy that traders are waiting for, where Palantir accumulates and begins to rise, is very close. So, we need to be very alert as we approach its earnings report on November 4th. Best regards, and thank you for supporting my analysis.
NYSE:PLTR
by RocketMike111
Google Still Bullish but nothing to see yet till Earnings ReportGoogle is clinging to this stagnant channel (yellow color), but the question is: Could this be an accumulation before their earnings report? We are one week away from Google's earnings report, and I have a feeling that the price will simply continue to trade within the same range until a few days before the report. Let's say on Friday or Monday, we may see a strong and sudden move. This is due to the "insiders," those privileged individuals within the company who hold positions and know what the price movement will be on the day of the report based on information they can access before the expected date. We just need to keep in mind that we are still in a congested sideways channel, and this channel may expand as the days leading up to the report approach. There's really not much to see with Google at the moment. Best regards, and thank you for supporting my analysis.
NASDAQ:GOOGL
by RocketMike111
2
NVDA we ended the week with an Inside Candle What this means?Nvidia NOTE: We closed the week with an "inside candle" as the last candle. What does this mean? Last week, we analyzed the price movement, basing it on the idea that with strong momentum and divergence, the price could continue upward. However, for it to reach the point of interest, the price needed to make its natural retracement. And that’s exactly what happened (I can hardly believe it myself). The objective was met, and the price reached our highest point of interest. The issue here is that Nvidia still has a long way to go before it can make that bullish push! The week closed with an "inside candle," or what some refer to as a "pregnant candle" (don't blame me, that's what they call it). This type of candle pattern is bearish because it's when a candle loses momentum and starts to change direction. And it's quite obvious—if you can see, my point of interest comes from none other than an institutional liquidity zone. The price may start to struggle in this area, but that doesn’t mean it will fall drastically. No! Let me explain: NVDA has been coming with a lot of strength since last week, and upon reaching an area where the price has historically retraced, it’s clear that this zone is like a swamp. The price will face the challenge of getting out of this swamp. So... The price comes in strong, touches an institutional zone, pauses, and starts forming bearish candle patterns. What is the price telling you? To wait! The price will most likely make a retracement but will create a range where it will try 1, 2, 3 times or more to break out of this swampy area. What should we be watching for? 1. Strong volume, and 2. A ranging channel fluctuating between supply and demand, which is essentially accumulating for the next push. In the meantime, we’ll see what movement happens next week. Best regards, and thank you for supporting my analysis.
NASDAQ:NVDA
by RocketMike111
2
SPY Loosing Momentum ! SPYLOVERS DONT PANIC ! Its OKAfter several weeks of analysis, the price reached its all-time highs twice, creating a new extreme. Att his moment is what i call in a no man's land zone. But what do I see in the overall structure? If you can clearly identify the yellow upward channel, I want you to split it in half, and we will analyze the two parts. In the first half, we have an active price movement, with clear fluctuations between support and resistance. The high volatility causes the price to move in waves, perfectly respecting support and resistance. But if you can manage to identify the second half, up until the end of the channel, you'll see that the price shows signs of exhaustion. Exhaustion, how? When the price stops having that volatility everyone is looking for, and begins to slow down and starts moving like a worm along the edge of the channel’s support, showing small candles and, above all, losing momentum. (In the chart, I want you to identify the price exhaustion by marking it with a small symbol of a worm crawling along the channel's support.) This type of behavior happens frequently when the price is losing momentum. In this type of scenario, I am more than certain that we will soon see a move where the price might break out of the yellow channel. Most likely, we will see the price make its natural retracement. After achieving two all-time highs, I believe it's time for the price to take a break, either to consolidate or make a quick decision. Nevertheless, I am expecting the price to make its natural pullback in the coming week. We’ll see if it happens. Best regards, and thank you for supporting my analysis.
AMEX:SPY
by RocketMike111
Trading GBPUSD | Judas Swing Strategy 15/10/2024Last week proved challenging for the Judas Swing strategy, with three consecutive losses and no wins, which heightened our anticipation for this week. Will we be able to break this losing streak? We'll soon find out. We typically arrive at our trading desks five minutes before the session starts to delineate our zones and settle into the trading rhythm. After delineating our zones, the next step is to wait for a sweep of a high or low of the trading zone, which will assist us in establishing our bias for the trading session. Forty-five minutes later, price swept the liquidity at the high, indicating that we should look for selling opportunities during this trading session. A few minutes after the high was swept, we observed a Break of Structure (BOS) on the sell side, which was encouraging as we avoid entering trades without analysis, even with a sell bias established for the session. Upon identifying the BOS, the next step is to find a Fair Value Gap (FVG) within the price leg that broke structure. The final step in the entry checklist is to wait for price to pull back into the Fair Value Gap (FVG) and to execute the trade only after the candle that enters the FVG has closed. Shortly after, a candle entered the FVG, indicating that we could execute our trade following the close of the candle. It's crucial to understand that by risking only 1% of our trading account for a potential 2% return, we minimize emotional attachment to the trades since we're only risking what we can afford to lose, and we stand to gain more than we risk. After executing the trade, we experienced a significant drawdown, which is a critical point for those who risk more than they can afford to lose. After a patient wait, the trade has turned around and begun to move in our favor, which is thrilling. However, we must still keep our composure as the objective has not yet been achieved According to our data, we can anticipate being in a position for an average of 11 hours, so the duration of this trade meeting our objective is not a concern; we simply need to remain patient for it to occur. After 15 hours and 20 minutes, our patience was rewarded when our take profit (TP) target was reached, resulting in a 2% gain on a trade where we risked 1%.
Education
by CleoFinance