CHPT 1DCHPT seems to be forming price action in a descending broadening Wedge. Break out in either way may lead to significant positive or negative price action. Even though it is approaching the bottom of the Wedge, there is a support level and demand level there and a FVG so that might prevent further collapse of price. Be very careful.
Supply and Demand
How to Identify Significant Liquidity Zone in Gold Trading
A liquidity zone is a specific area on a price chart where the market orders concentrate.
In this article, I will teach you how to identify the most significant liquidity zones on Gold chart beyond historical levels.
Liquidity Zones
First, in brief, let's discuss where liquidity concentrates.
Market liquidity concentrates on:
1. Psychological levels
Above, you can see a clear concentration of liquidity around a 2500 psychological level on Gold price chart.
2. Fibonacci levels
In the example above, we can see how 382 retracement of a major bullish impulse attracts market liquidity on Gold XAUUSD daily time frame.
3. Horizontal support and resistance levels and trend lines.
In that case, an area based on a classic support/resistance level was a clear source of market liquidity on Gold.
Significant Liquidity Zone
A significant liquidity zone will be the area where psychological levels, Fibonacci levels, horizontal support and resistance levels and trend lines match .
Please, note that such an area may combine the indicators, or any other technical tools.
Such zones can be easily found even beyond the historic levels.
Look at a price chart on Gold on a daily.
Though the market has just updated the ATH, we can spot the next potentially significant liquidity zone with technical analysis.
We see a perfect intersection of a rising trend line, 2600 psychological level based on round numbers and a Fibonacci extension confluence of 2 recent bullish impulses.
These technical tools will compose a significant liquidity zone.
The idea is that Gold was rallying up because of the excess of demand on the market. We will assume that selling orders will be placed within that liquidity zone and the excess of demand will be absorbed by the supply.
It will make the price AT LEAST stop growing and potentially will trigger a correctional movement.
Learn to recognize such liquidity zones, it will help you a lot in predicting Gold price movements.
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RDNT has a large bullish pattern!Before anything, it should be noted that an important trendline has been broken and the price has cleared a key range.
Upon further inspection, it seems there is a large QM pattern on the chart, and we can consider buying within the support zone of this QM.
Targets are marked on the chart.
The closure of a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SANTOS buy/long setup (12H)The internal structure of SANTOS has become bearish, but we can look for buy positions in the spot market within the support zones.
Buy positions can be considered at the identified support zone.
Targets are marked on the chart.
The closure of a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
GRASS looks bullish (4H)It seems that a wave X has completed.
If a pullback occurs to the green zone, we will enter a buy/long position.
The targets are specified on the chart.
A daily candle closing below the invalidation level will invalidate this analysis.
If it stabilizes on ATH, it can have higher targets
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
USD/JPY MARKET STRUCTURE USDJPY pair just rebounded at the 50% retracement level with a strong bullish momentum. This shows there could be a possibility of price to trade more bullish and possibly trade a new high from 156,793 we’re looking forward to seeing a little retrace in price for more bullish price action.
DXY POTENTIAL BUY OPPORTUNITY!DXY (US dollar index) May continue to wax stronger! From the technical standpoint, we can see how price formed a double button and successfully broke the neckline. This is an insight that buyers are likely to dominate the market and trade a new high! Coming week we anticipate retail sales report and Fed rate cuts. It’s good we stay informed and plan accordingly for the week!
Solana- Towards 300 into year's end?Solana has been one of the standout performers this year(from large market caps), with its price steadily climbing around 300%.
In March, Solana’s market cap hit a new all-time high, following a price ATH in November. After this achievement, the price experienced a healthy 20% correction, pausing in an old resistance zone that has now turned into support.
Currently, the price has formed a bullish flag, signaling potential upside momentum. A breakout above the flag’s resistance could lead to another leg higher. As long as the $200 support zone holds, a move toward the next major level at $300 appears likely. Buying dips is the preferred strategy.
BTC Correction Levels in Short TimeBTC most awaited 100k was just $500 away but had been slowly coming down today.
Following Higher Lows are as of now the holding levels to keep the trend bullish for BTC on M15 and H1 .
To break structures and form bear trends, both levels need to be broken and closed below first.
M15 level is 97.5k
H1 level is 95.6k
Disclaimer - Use risk management while trading and prepare your own analysis as well before placing trades.
BTC Range Breakout
BTC Current Consolidation is in a 8.6% price range and about to breakout in upwards direction.
There are multiple demand zones within this range and price is making higher lows, while tapping the supply and soon to break this sell wall.
We may soon see a short squeeze playing out.
BTC is holding the 90k level tightly.
Avoid high leverage positions while trading in this high volatile range.
Use risk management and your own analysis as well.
Bullish Breakouts on 4hour Swing Range
All 3 pairs BTC / BNB / SOL could have had the last dip , before breaking out of this 4hour range .
Strong Bull structure on Daily+4H and even 15mins except BNB that broke it .
If we fail to breakout, and break 4hour range lows, then we might see bearish rallies.
Disclaimer This is only an idea and part of trades that I am doing myself and in no way you should follow this blindly. Use risk management in futures trading.
Bullish Bounceback for BNB
On daily charts, BNB hit a supply Zone and had been reacting to come towards the New Bullish Swing range.
As of now reacting on 50% retracement zone && the POC of Fixed Range VP.
Overall the bias is bullish as price has been crossing above the Weak Swing highs , while creating Stronger Lows, so we can look for buys in 50% equilibrium with Point of interests.
Going into 4hour, shows that last week's demand zones have been liquidated and price came down to test FVG.
1st scenario is we mitigate this demand zone.
2nd scenario is we go further down below in 70% discounted zone to mitigate the original Demand zone that created this Swing. It also has a Daily FVG sitting above it. Chances of this are less as this would create a deep pullback, not in line with the strong uptrend of BNB.
for Long entries wait for Demand Zone to be in effect in 4hour timeframe.
Disclaimer - Always apply your own confluences and use risk management for safe trading.
Key Levels Overview for the Week 12.2024(16-20)🔲Key Levels Overview for the Week🔳
12.2024(16-20)
Dynamic Supports🔀
????
It seems there isn't a clear support level for the upcoming week. Looking at the monthly pivot points and using the levels from last week could be helpful.
Dynamic Resistance🔀
2738
2710
2676
Mid Pivot (🫎bull&bear🐻 zone ch trend)
2877
2779
2683
range of supply and demand
2821
2752
2683
#Gold
Bitcoin bearish divergence - Don't fall in influencers' trap BTC had really good rally so far and looks cooling down and printing bearish RSI divergence in 1D chart.
I feel early next week it may retest ATH (even break above for a brief) grab liquidity and RSI will create lower high. It will trap liquidity and start downward trend and chances of having deep pull back to 73k and consolidate. BTC dominance might reach around 59%. This all happens before Trump's inauguration.
FOMC meeting coming next week, expect some volatility.
Be cautious for next few days.
This will invalidate if we have weekly close above ATH with good volume.
TSLA Flash back to 2021 TopIf you've been following me for a while, I don't really do things like this and just keep focused on stock setups to lead my next best action.
The narrow market in the last couple weeks got me digging and NASDAQ:TSLA run reminding me of 2021 top.
So went a bit deeper and price action is almost identical before that top.
Again, I have no clue what will happen next but what I know for damn certain is that I want to see money start flowing back into the rest of the market before I get aggressive again.
AMEX:IWM AMEX:SPY CSE:QQ