TIPS
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Observation
1) Market in a downtrend since September 27th, 2021.
2) Previous market low violated.
3) Measurable selling pressure at the break of structure.
4) Current break of structure (previous market low) still being retested.
5) Bearish momentum candles which represent smart money attempts to make the price reach lower, theoretically.
Conclusion
The market is still in a downtrend as we can obviously see the bearish order flow.Now in opinion look for short opportunities. A good rejection at the current zone would represent a sell signal, with two possible next targets as marked on the chart. This is all based on my opinion and my personal analysis.
Ominous signs from the Leading Indicators panelLooking across the panel of leading indicators, it is starting to look as if something ominous is almost completed in building up and about to pop...
The JNK High Yield bond ETF is hitting a resistance;
The IWM iShares Russell 2000 ETF is in a bind, unable to break out as MACD is crossing into bearish region;
The TIPS Bond ETF is falling over;
The VIX is about to burst in break out, MACD bullish divergence supporting;
The DJ Trans had already brokedn down closing at a 6 month low, and MACD is already bearish;
The Value Geometric line is following suit soon;
The TLT bond ETF just attempted to break out, and should see another move upwards in the weeks coming; and
The Copper futures prices is not sustaining any bullishness and about to breka down, MACD leading the way.
Overall, the next two weeks will be volatile, and decisively down at some point.
Heads up!
What To Expect Next For Gold?If you followed my previous posts, you are certainly loving the profits that came forth. The gold did break through, and dare I say, it is now going to rebound back up for a retest.
The chart above has nothing new added to it. The reason I am sharing this is to show you the trendline resistance that I had already drawn in my earlier charts. The trendline acted as a force to be reckoned with, and the lower highs were all but indicative of a collapse. This tied in nicely with the recent reports that came out. Now, we come to address the elephant in the room.
"What on earth should we expect next?"
So far, it seems like the buyers and sellers are in a bit of indecision about whether to move up or down. The next few hours will play a critical role. It is possible that we may see Gold rise back up to retest its lost ground. Refer to my earlier post Gold - The bigger picture where I have highlighted the overall scenario. For now, I would suggest refraining from trading Gold. If you have the power to hold your ground, I would suggest going long.
Best of luck, and remember, trading is risky, but the rewards are well worth it.
Gold - The Bigger PictureEver since Gold touched its all-time highs back in 2020, things have been going downhill. However, what people might not have noticed is how there seems to be a pattern that is in the making. We are on the verge of the end of the triangular formation, and somewhere in October 2021, we can expect a massive breakout.
In the chart that I have just shared, the pink highlighted area is the area of value (AOV). If you find gold prices touching these regions, you have a perfect entry point because they would either be facing fierce resistance or superior support. However, it should be kept in mind that this pattern is soon to break away. For anyone willing to trade in gold, now is the time to do a spot of day-trading and swing trading. However, if you wish to make a significant chunk of profit, read the chart carefully and figure out the perfect entry points for pending orders (once the pattern is broken). Of course, there is always a risk of a false breakout, but so far, there hasn't been one since last year. This only goes to suggest that the next breakout will be a wave everyone would love to ride on. For now, enjoy the little trades as much as you can!
20 MA Support for GoldIf you have followed my previous posts, you'd probably be in sitting atop some good profits. Currently, Gold is struggling to go bullish as there seems to be significant selling pressure. The 20 MA on 4 Hours timeframe reveals a moving support for the gold prices.
In the meantime, DXY, which started in the green, has dived down to red, albeit it has recovered some lost ground. For now, I would suggest traders to observe the market for any unusual movement. DO NOT TRADE GOLD for the next few hours!
Indian bank technical chant patternIndian bank has created beautiful reverse head and shoulder traditional chart pattern. Based on this technical chart pattern, target is very high.
The support this target, Fundamental of Indian bank also supports here because this bank's book value is more than 300.
LUPIN LONG INTRADAY 2 SEP,2021Dear trader,
If u look at the chart of LUPIN (analysis based intraday only) the LUPIN Buy at 963 and Target at 975
Best Buy at 960.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
NIFTY LONG INTRADAY 31 AUG,2021Dear trader,
If u look at the chart of NIFTY (analysis based intraday only) the NIFTY support 1 at 16860 and support 2 at 16800 and resistance at 17040.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
Daily Primer: Break your limits 💥In todays daily primer we talk about limitations and cause and effect. This short 5 minute video will give you the necessary guidance as to what you need to focus on to achieve the success you seek in the markets.
Success in trading, just like in any other business, is a
cause and effect relationship:
Poor or average causes = poor or average results
good causes = good results
excellent causes = excellent results
If you want to achieve success, do the work!
(metal: have patience, discipline, resilience)
(work ethic: prepare your charts, know the news, prepare your plan)
🔋 Live to trade another day 🔋As the weekend has come we have lost many fellow traders in the days that have passed and we will lose many more in the next week and the week after that... but if they only knew the basic principles of what this video goes over, they (their accounts) would still be here with us!
Our mission is to help other traders become successful and in an effort to achieve our goals we come up with simple yet effective tips and tricks on achieving our goals, by helping you achieve your goals!
This video goes over some ideas and tips on how you can survive as a trader, the tips we go over are:
LIVE TO TRADE ANOTHER DAY:
- Use position sizing
- Have a definite exit area
- Prepare properly before starting to trade
- Review your trades daily or weekly (always seek improvement)
- Always follow your process & system
- Don't listen to others, find your own trades daily
- Cut your losers when the market tells you the trade is done, you
can always re-enter
We hope this video helps you achieve consistency! If you like it check out the other related videos on our channel!
Happy Weekend Traders!
NIFTY LONG INTRADAY 11 AUG,2021Dear trader,
If u look at the chart of NIFTY (analysis based intraday only) the NIFTY support 1 at 16245 and support 2 at 16170 and resistance at 16450.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
Dealing with "failure" in your trading 😎Failure in trading is frequent, yet for some it is permanent and for the few it is temporary, the choice is always yours!
In this video we go over our advice on how you should deal with failure so you can keep it as a learning experience and grow and develop as a trader!
If you're having challenges in your trading and cant seem to find solutions to them just send us a DM and we'll do our outmost to help you overcome them and find solutions to your "trading problems' :)
Have a great day!
US 10-year yields to fall further?As the US 10-year yield has retested the 200-MA acting as a resistance, it is now highly likely to continue to move downward. Indeed, despite inflation fears, the current US deficits wouldn't allow significantly higher yields. Therefore, bonds holder are likely to get negative real yields for a long time. In such a setup, owning long-duration bonds seems to be quite risky, while precious metals should benefit from this situation.
S&P500 - About time for a proper retracement??Am just looking at my panel of leading indicators, and besides the S&P500 ES1! daily chart looking a bit stalled with MACD turning down, the Russell2000, DJ Transports and Value Geometric Index are already leading down. Key levels to breakdown are in red circles.
Some others like the High Yield Bonds and TIPS are still holding; while the Treasury Bonds are being snapped up (Risk Off mode)
Volatility is low, waiting for a breakout.
Looks like a storm is brewing...
PTON - Breakout Level-PTON formed a Cup & Handle on the daily and it's getting ready to breakout.
-200SMA tested multiple times, we can assume that this is a valid support
-Open above 124 tomorrow is a bullish sign and could squeeze to 125.50-126.00
-Below 200SMA (around 119) bearish sign and could see a pullback around 117 - 116 area.
NASDAQ:PTON