WHEAT Is It Going To Reverse ? Wait For bearish Price Action
Hello traders:
WHEAT is also looking clean for the downside reversals.
We can see that price has formed into a larger, higher time frame ascending structure, correcting the price up.
We also see a clear rejection and a possible bearish reversal impulse, after hitting a double tops.
HTF:
Latest development has shown us a bearish reversal impulse after initially breaking to the upside.
Watch for LTF bearish continuation correction, as a confirmation for further downside, if price can develop into.
Thank you
DISCLAIMER:
-My forecast and analysis are NOT trading signals nor financial advice, you should not enter trades and invest solely on this information.
Structure
OIL False Move Up, Can it Reverse ?
Hi everyone:
OIL has been on my watch for the last few weeks, and since the tension between Russia and Ukraine got worse, we did see a strong push to the upside initially.
But, after last week, we are seeing some potential reversals on the lower time frame, which can develop more to confirm the overall higher time frame bias.
Personally I do still see a possible bearish reversal price action on the HTFs, and now its all about confirming it on the LTFs development.
If this ascending structure, can ended up complete its reversal, and a right shoulder could develop within, then its extra confluence to look for the sell setups down to previous lows.
So, be patient and observe the price, if no bearish price action develops, then of course no entry, no trade, continue to watch the price.
Thank you
DISCLAIMER:
-My forecast and analysis are NOT trading signals nor financial advice, you should not enter trades and invest solely on this information.
CHFJPY Top Of Reversal Structure, watch for sell
Hi traders:
Similar across other JPY pairs, here on CHFJPY is also looking clean for bearish reversal downside.
We can see a higher time frame ascending structure, correcting the price up.
At the top of structure, clean bearish reversal correction as a Head and Shoulder, reversing down the price.
Now that price has formed a right shoulder, continuation correction, watch for sell confirmation on the lower time frames to set the entries down to the lows.
Thank you
AUDJPY Another Sell Opportunities, Wait for confirmation
Hi everyone:
AUDJPY is also showing good signs of bearish price action.
After the initial bearish impulse on the higher time frame,
price has developed into a larger structure with a few swing highs and lows.
We then see a double tops , price reject and a bearish impulse reversal.
Latest development show a continuation correction after the impulse down, good signs of bearish momentum
Look for lower time frame to break down from the correction, and wait for continuation price action to confirm further downside.
Thank you
GBPUSD Follow The Bearish Price Action To Sell
Hi everyone:
Also on my watchlist is GBPUSD, together with other USD pairs on watch as well.
We can see from previous forecast and analysis, price formed that ascending channel, and a clean impulse down from it.
However, price didn't break the lows and continue, instead a reversal up, and form into an expanding structure.
We can then see a double tops, and bearish reversal price action in the making.
Wait for a consolidation to form after an bearish impulse down from the smaller ascending channel,
and wait for continuation correction to confirm the downside.
Look for previous swing lows as potential target if price does commit to the downside
NZDUSD Structure Evolving, Still Watch for Sell
hi traders:
Previous sell forecast didn't develop into further confirmation to sell,
and price has managed to move up now to another previous highs.
This time, price is event better in terms of the bearish reversals.
WE can now see a double tops, larger ascending structure, and smaller ascending within.
The price continue to evolve structure, but higher time frame and bearish downside bias not change.
Now that we have see a strong bearish reversal impulse onw the lower time frame, best to see if further downside can be confirmed,
if price impulse down out of the ascending channel, and form continuation correction.
That would be the ideal next sell setup that can play down to the lows.
Thank you
AUDUSD Back to the top, bearish reversal down
Hi traders:
We have seen a strong bearish reversal price action during the NY session of yesterday,
and now many of the pairs are looking very bearish, and could continue down further.
Here on AUDUSD, price correctively move up to a double tops within a larger ascending structure.
We can see more bearish reversal patterns within as another smaller ascending channel,
and strong bearish reversal impulse, pushing the price action down.
Now is the matter of waiting for continuation bearish price action when price impulse down further, to confirm further downside to he lows.
Thank you
Inverted Cup And handle Entry Here we have Price Hitting a support level for the second time,thus forming this inverted cup and handle Pattern.
Confirmations for the Trade Are 1. Price has Hit a structure zone for the second time indicating that the level is still strong. 2. There is a support level Here. 3. There is a formation of a Cup And Handle Pattern. 4. Price is in a clear Down Trend. 5. (extra)The Tp Will Be at the Retest of A Triangle pattern Previouzly marked up.😉😁
If you learned something from this Idea/Setup Please Like Comment and Follow For More like this.🤑🚀🚀🚀🛸
p.s. Ask me About Rules of Structure Breaks And Trend Breaks in the comments.You won't Be disappointed 😉
BTCUSDT is testing the previous supportThe price had a breakout from the rising wedge as I told in the previous analysis () and after a bounce on the 37300 the price is testing the previous support as new resistance.
On the daily timeframe the price goi a rejection from our Daily resistance and supply zone, exactly on 39560.
How to approach?
We could have a bullish scenario if the price is going to have a breakout from 42k and retest is as new support. In that case, the price will have a breakout from the supply zone and dynamic resistance as well.
Otherwise, if the price is going to have a new rejection from the old support (38400-39000) we could see a new breakout from the current support (37k) If the price is going to confirm the breakout, the next valid support is 35k on the weekly one.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Platinum Higher Time Frame Outlook
Hi everyone:
Also keeping an eye on Platinum (XPT), as we can see some bearish price action on the higher time frames perspective.
After the impulse phase, price has developed into an expanding structure, within few swing highs and lows.
We can see a double tops, rejecting the price, and a bearish move down.
Latest development shows a smaller consolidation, and could lead to another bearish impulse phase down.
Watch on the lower time frame development to confirm the sell potential.
Thank you
DISCLAIMER:
-My forecast and analysis are NOT trading signals nor financial advice, you should not enter trades and invest solely on this information.
Weekly Trade Recap: DOW +6.25%, AU +2.8%, NU +2.56%, ETH +3.2% Hello everyone:
All my trade analysis, forecast are shared on TradingView Live Stream Market Outlook/Updates.
You can take a look at the live stream to see my real, live positions by linking my broker to Tradingview.
Live Stream Link:
Monday NY Session Feb.21th
www.tradingview.com
Wednesday NY Session Feb 23rd
www.tradingview.com
Welcome back to this week’s trading recap video.
Let's take a look at the trades closed this week between Feb 20-26th.
DOW: 3 entries closed down for total for +6.25% profit
Full analysis/forecast:
AUDUSD: 2 entries closed down for total of +2.08% profit
Full analysis/forecast:
NZDUSD: 2 entries closed down for total of +2.56% profit
Full analysis/forecast:
CADJPY: 2 entries closed down for total of +2% profit
Full analysis/forecast:
ETHUSD: 3 entries closed down for total of +3.2% profit
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
The end of the dollar?Hey traders,
The markets have been good, very interesting to see all the volatility kick in around the world. While enjoying some fresh beans this morning I was thinking about sharing my thoughts regarding the Dollar Index and the markets in general. Let's dig into it.
I've been very bullish for the dollar since March 2021, like most of you guys know from my weekly webinars, what happened back in those months? In Q1 of 2021, price created a new area of monthly demand, within a previous fresh area of monthly demand. Telling me that we're not only bullish with a low probability, but with a double stack on the monthly, the odds are increased enormously. That was not the only thing while creating new demand at the monthly time-frame, the weekly exploded to the upside breaking a long-term weekly trend to the upside, and like I always teach; You look at the place where the move initiated from, don't take a trendline break re-test, take the zone that is left behind before the break of that key catalyst. To summarize, monthly stacked with another monthly area of demand, on top a new fresh area of weekly demand is created due to price breaking its trend. From there, the daily chart turned into a bullish trend, which is probably coming to its end very soon.
Why is the trend ending? That's pretty clear if you analyze the charts objectively. Let's do a proper multi time-frame analysis starting at the Quarterly time-frame. Price is sitting in quarterly supply, telling me that price is very likely to turn bearish for atleast a few weeks. But what happens if that's correct? Firstly, the Monthly will be rejecting its monthly supply area and the monthly long-term trendline from back in 2017. Secondly, the Weekly will roll-over and create new weekly supply because it takes out the weekly bullish trend.
To time this one, the daily is rejecting some value at the moment, the savest thing would be waiting for a daily trend change, or new supply to be created, which is not the case yet and can take a few weeks to develop. The more risky approach is looking for shorts already around these levels, I recommend a more swing approach ofcourse.
Hope you're doing well! Let me know what you think.
Kind regards,
Max Nieveld
Gold BUYGold has been looking real bullish lately and further confirmation on a retest at current @1910.00 Level , we should be expecting real upward movement to either one of the marked levels @ 1926.86 , @1950.00 and @1960.00 as Take Profits before some retracement back to further the impulses on bigger timeframes.
Let me know in the comments what you think...