U.S. Index Futures Eye Key Pivot Ahead of ElectionU.S. Index Futures Eye Key Pivot Ahead of Election
U.S. stock index futures surged on Monday, poised to recoup some losses from a turbulent trading week as investors prepared for key corporate earnings and the final phase before the Nov. 5 presidential election.
Technical Analysis:
After pulling back from the Support zone around 5803, the price will touch the 5863 and then will drop again by stability under it.
If the price holds below the Resistance line, it could drop to 5803.
Breaks the liquidity Zone which is between 5863 and 5891 it could push up toward 5939
Watch for confirmation at the liquidity zone for a bullish breakout or breakdown from the support line for further downside movement.
Key Levels:
Pivot Point: 5863
Resistance Levels: 5891, 5939
Support Levels: 5825, 5803, 5781
Trend Outlook:
Bearish below 5863
Bullish above 5863
Supply and Demand
Long swingI'm deploying a multi-timeframe approach here, focusing on a swing trade setup that aligns with both trend and momentum indicators. Here's the core of the strategy:
Entry Criteria: I look to enter on a break above a recent higher high combined with a flat to rising 5-day moving average. Additionally, I’m observing the anchored VWAP from the most recent high (to the left on the chart); it should ideally be flat or rising to confirm sustained interest.
Volume and Price Requirements: Only trading stocks with at least 300,000 shares in daily volume and a price above $3, ensuring liquidity and relevance for momentum.
Trend Confirmation: On the daily timeframe, the stock must be making higher highs and fall within an early Stage 2 uptrend based on Stage Analysis, indicating the start of an uptrend.
Stop Loss: My stop is set just below a recent significant low (higher low) on the 30-minute chart to keep risk in check. If this low is penetrated before entry, I cancel the trade to avoid premature breakdowns.
USDJPY Is a Major Sell-Off Coming? Key Levels to Watch!USDJPY has been on a tear these past few weeks, charging toward some key higher timeframe resistance areas.
Checking out the Monthly chart, I’m spotting what looks like a major trend reversal pattern. In July, USDJPY hit 162, and the resulting sell-off did two big things: it broke the long-term trendline and took out the last swing low from the previous leg up. (see chart below)
Also, on the Monthly chart, you’ll notice that when price broke up through the 152 resistance to reach 162, there was a notable lack of momentum compared to earlier moves in this trend. We’re also seeing clear bearish divergence on the MACD—all signs of a major topping pattern and a likely trend reversal.
Zooming into the weekly chart, and drawing fib retracement levels from the July drop, we’re right at the 0.618 level, aligning with the outside of the previous trendline.
On the daily chart, we’ve reached what I consider a key SELL zone between 154-155. This level saw a 1500-pip drop in just days at the start of August.
With three key confluences now in play and the Monthly chart showing a strong trend reversal pattern with MACD divergence, we could say “the stars are aligning” for this one.
My approach? I’ll wait for the price to break above 154 and head toward 155, then turn on my TRFX indicator to look for 4-hour sell signals.
Even if the market pushes higher, I’ll be on the lookout for more selling opportunities, especially if we move closer to 160. With all these factors lining up and the Bank of Japan’s interest rate decision this week, we could see a significant USDJPY sell-off.
But I’ll WAIT for the SELL SIGNAL to confirm.
If this major reversal takes shape, the price could drop quickly to this year’s low at 139.500, with possible profit-taking here and buyer re-entry, before pushing lower in the long term towards 127 or beyond.
Note: This is a long-term, higher timeframe perspective and not a short-term trade.
Let me know your thoughts below!
SUI roadmap (1D)It seems to be forming a bullish diametric since SUI was listed on the exchanges.
According to each wave of this diametric, such a movement is expected from SUI.
We have two demands in which we are looking for buy/long positions.
For medium-term buy, low demand is suitable.
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Daily Pre-Market Analysis: GOLD & SILVER BUY Watch!Tuesday Oct 29th
I have a bullish bias on the day for both Gold and Silver.
A pullback on the 1H TF to a +FVG, and we may get the buy entry I am looking for.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Today GOLD Outlook With Classical Technical AnalysisAs you can see, the price looks like want to go higher but we can't forget that there was a very strong drop last week, then today we know that the market is make bullish structure but with a correction pattern, so I would expect it to go down first to the RBS (resistance become support) area
Let's see, it's just about probability
I would say 70% it will potentially go down and 30% it will go up
LOOKING TO POTENTIALLY SHORT XAUXAU/USD 1H - After taking a look at this market it seems as though price is distributing round this area of Supply, it will be interesting to see how price plays out over the coming hours.
With that being said, because price is consolidating within this range it makes me believe that price may be looking to take a move to the downside in order to grab more Demand.
I do believe that any short opportunities that are presented to us here will be short lived hence why I have placed the potential TP just above the higher timeframe low that was previously set in the market.
If you are someone who needs and wants additional confirmation before looking to enter in on this market you may want to see a fractal BOS take place in and around this area before looking to take the market short, we can then expect price to pullback initially before the down move.
Oct.22-Oct.28(ETH)Weekly market recapThe recent initiation of a new round of interest rate cuts by major Western central banks, coupled with China's extensive monetary and fiscal stimulus, may serve as key catalysts for the recent surge in Bitcoin (BTC) prices.
Additionally, the continued significant net inflow into BTC exchange-traded products (ETPs) indicates a persistent influx of traditional capital into the cryptocurrency market, reflecting confidence and optimism among investors.
As the U.S. elections approach, the high-profile campaign of Republican candidate Donald Trump, who is supportive of cryptocurrencies, has bolstered market confidence in his potential victory, with the probability of his success soaring to 66.3%. This factor may also play a role, although caution is warranted regarding the risk of a market correction following the election.
Last week, ETH experienced a decline followed by a rebound, forming a "deep V" pattern. However, the extent of the rebound was not strong, indicating a lack of upward momentum. Notably, the lows for ETH are consistently rising, and the WTA indicator has shown blue bars representing whales. The ME indicator remains in a bearish trend, although the orange wave area has slightly narrowed.
In summary, we anticipate that ETH may experience fluctuations this week. We maintain our original resistance level at 2800 and support level at 2200.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Oct.22-Oct.28(BTC)Weekly market recapThe recent initiation of a new round of interest rate cuts by major Western central banks, coupled with China's extensive monetary and fiscal stimulus, may serve as key catalysts for the recent surge in Bitcoin (BTC) prices.
Additionally, the continued significant net inflow into BTC exchange-traded products (ETPs) indicates a persistent influx of traditional capital into the cryptocurrency market, reflecting confidence and optimism among investors.
As the U.S. elections approach, the high-profile campaign of Republican candidate Donald Trump, who is supportive of cryptocurrencies, has bolstered market confidence in his potential victory, with the probability of his success soaring to 66.3%. This factor may also play a role, although caution is warranted regarding the risk of a market correction following the election.
Last week, BTC fluctuated near resistance levels and broke through to $71,000 during the early and late hours in the U.S. market yesterday. The WTA indicator shows the emergence of blue bars representing whale activity, suggesting that macroeconomic shifts are beginning to attract substantial capital. The purple wave area on the ME indicator is widening, indicating a strengthening bullish sentiment.
In summary, we believe BTC may continue to rise this week. We have adjusted the resistance level to $72,000 and the support level to $65,000.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
EURUSD Multi Timeframe Analysis 29.10.2024 Swing, Internal, Fractal are Bearish
Mitigated the 15m unmitigated supply, collected internal liquidity and strong bearish momentum. I will follow the bearish order flow unless I see anything bullish on HTF.
Fresh 15m supply to look for shorts. We might see internal bullish reactions for sure, but shorts more probable.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
We wanted price to reject the high and give us the short into the red box defence during the early session levels 2730-35. We did get that move but it was achieved via the gap on open giving traders a couple of opportunities to take the long trade from the level following the path. We're yet to complete the first bullish target but we're on our way so we'll stick with the plan!
Based on the structure and range at the moment we're not discounting another dip into the low but will look for pull backs into the 2735 region to hold to continue the move upside.
Support 2735, resistance 2750 could give a reaction for the short scalp. Keep an eye on the red boxes, pinned below, they're working really well.
As always, trade safe.
KOG
XAU/USD 29 October 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as analysis dated 27 October 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Gold’s rally persists amid the Fed’s dovish tone and heightened geopolitical tensions, solidifying its safe-haven appeal.
Price has printed a bearish Change of Character (CHoCH), signaling, but not yet confirming, the start of bearish pullback phase.
Intraday Expectation: Despite the bearish CHoCH, price has yet to pull back into the internal 50% EQ discount. We could see a reaction at the H4 supply level before any confirmation of bearish pullback initiation.
Technical Note: The strong high at 2,758.525 is anticipated to remain protected. However, with CHoCH positioning on the daily timeframe somewhat distant, price may print a bullish iBOS in the near term to align with the daily timeframe’s movement.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis/intraday expectation remains the same as analysis dated 24 October 2024.
Yesterday's intraday expectation was not met, as price failed to target the weak internal high and instead printed a bearish Internal Break of Structure (iBOS). This aligns with the H4 timeframe being in a pullback phase.
As previously highlighted, price remains highly volatile, driven by ongoing geopolitical tensions and the Fed's softer stance.
Price has since printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase. Currently, price is trading within a well-established internal range.
Intraday Expectation: Price is reacting around the 50% equilibrium of the internal range and may also react at nested H4 and M15 supply levels before targeting the weak internal low.
M15 Chart:
AAVE midterm Long presetHi all!
Here I brought to you my complete TA for AAVE Long.
I have determined two Long entry zones.
Why: General bullish bias and uptrend channel, already near lower border
When:
1st Entry Zone one is more risky. Its located on the intersection of 1D and 12H FVG. Both mitigated but respected. Its a demand zone and lower uptrend border as well.
BUT! Median ATR (2.6k p) of last bear waves is only on 50% of its potential movement, so it have enough fuel to move price lower, to the 2nd Long Entry Zone.
2nd Entry Zone located under the range volume POC and volume VAL is in the middle of it. On the lower end there is a demand zone, 1D mitigated VFG and 4H unmitigated VFG.
And Median ATR points directly at it. So this 2nd Entry is much more valid and safe. There are no guarantees that the price will reach this level, but if it does, it will be an excellent entry point.
AUDUSD MELTDOWN COMING TO AN END?Fundamental Analysis:
Australian Economy: Monitor key indicators like GDP growth, unemployment rates, and inflation. The Reserve Bank of Australia (RBA) interest rate decisions and statements can significantly impact the AUD.
US Economy: Pay attention to the Federal Reserve's interest rate policy, inflation data (CPI), and employment reports (NFP). These factors heavily influence the USD.
Technical Analysis:
Price Action: Look at recent price movements, key support and resistance levels, and chart patterns (e.g., trends, reversals).
Indicators: Use indicators like moving averages, RSI, and MACD to assess momentum and potential entry/exit points.
Sentiment Analysis:
Check the positioning of traders through COT reports or sentiment indicators to gauge market sentiment and potential reversals.
Taking advantage of a potential wyckoff breakoutAs the title says, axs is on a potential wyckoff breakout.
A wyckoff breakout is a breakout so big to the upside that you won't have to worry about your bills for the next 5 years.
Along with the potential wyckoff breakout, this asset has a potential trade setup for a value rotation to the upside.
I have seen much of this fractal leading into the highest of the range only to be rejected to the downside.
However, we are sitting pretty at the bottom of the range and the highest probability from the setup (if conditions are met), is to blast thru to the upside.
So what are the conditions?
1. Pretty much just go back to the value range, we are longing the VAL along with the reclaim of a weekly