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Buyback Patterns: GSAs the #3 most heavily weighted stock for the TVC:DJI , NYSE:GS was one of the drivers behind the run down this week. In February, a buyback program of 30 billion was approved. Buybacks probably commenced in March and have been boosting the price up within the trading range until recently. It may be that the buyback money has been depleted. Goldman Sachs reports Oct 17. Revenues declined last quarter. Earnings are up and down. So probably not a great earnings report for Q3. However, the stock has support at the black line, so it doesn't have huge downside potential.
NYSE:GS
by MarthaStokesCMT-TechniTrader
THE KOG REPORTKOG Report: In last week’s KOG Report, we said we has a range in mind for the week’s sessions prior to FOMC being the 1915-13 region support and the resistance level of 1930-35. We said we would be looking at these levels to either long, or short the market pre-event, before which we wanted to be out of trades ready for the release. We then released the FOMC KOG Report and gave a bearish bias with the levels above we would be looking to short the market from, and the arrows showing the path into the target regions we were looking for. The market gave the short level 1930-35 early part of the week but only handing out a 60pip move into immediate support before then starting the range. FOMC, however, gave a better result with the price hitting just below the first target level 1920 before a bounce. All in all, a good week in Camelot, not only on gold trades but US30, Oil and NAS to name only a few all giving phenomenal returns to traders. So, what can we expect in the week ahead? This structure is looking like it’s coiling now and ready for a breakout so, approaching the end of the month we would suggest caution on the markets with your lot sizes and will stress, please make sure you have a sensible risk model in place. Looking at Gold, we have immediate support levels 1921 and below that 1918 with extension into 1913-10. These levels need to be defended, and if strong support is found here could represent opportunities to long the market back up into the 1930-35 and above that 1940-45 as illustrated on the chart. Those higher resistance levels with extension into 1955-60 which are the levels to watch. Based on confirmed resistance and a setup arising, these levels could represent opportunities to then short the market back down again. This week, it’s going to be one of those scenarios again, ranging, and choppy price action, liquidity grabs being likely from lower and higher. It’s simply the case, of managing your risk and testing the levels. We’ll be relying on our red box scalping strategy as well as Excalibur to guide us through choppy waters, so please look out for the daily updates, the bias for intra-day trades and the target levels posted. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
14
Eur Usd + Dollar IndexAbsolutely, My dear Global Chart Surfers! 🌟 Today, the dollar received some positive news with the ADP Non-Farm Employment Change numbers. However, Dollar Index Moved Higher cus that we smoothly navigated with EURUSD through the deep dive into the demand zone. Though we encountered lower confluences that resulted in a stop-out, it's all part of the trading journey. Remember, taking partial profits is a wise move, so losses don't pile up like sand in the wind. At Global Chart Surfers, we approach losses with equal respect, understanding that they are an integral part of this industry. Now, we gracefully keep our eyes fixed on the enchanting candlesticks, as they dance on the charts, revealing their secrets and printing valuable data for us. We shall diligently seek probabilities and opportunities, allowing the market's wisdom to guide us through its waves. So, for now, let's peacefully observe the ever-changing tides of the market and cherish the experience it bestows upon us. Until next time, my dear friends, may the trading journey be filled with elegance and prosperity! 🕊️✨🌊
Long
by themarketknight
ASXA new day .. new analysis .. right? Today we look at ASX, which is in the Australian market index. Price was moving inside his trading range, but recently, there has been a strong candle in the downward movement. Look how easily the price is coming down but going up takes some time. Now the price broke the support, but we are in the sold area in RSI .. so the price has to come up and acquire more liquidity and then continue going down. Here is what we can expect. PS - price choose the second scenario, and now we are waiting for the signal to enter sell positions ..leave your thoughts and comments and let's see your opinion.
EIGHTCAP:ASX200Short
by Cryptosours
BTC : ON IMPORTANT MOMENT FOR BREAKOUT VOLUME $32800 - 38KBTC seems on a very interesting point, and as the volume plays between the uptrend of 31K and the dip trend of $30K, can this signal that there is an interesting volume that wants to affect the BTC price? We still expect that BTC can enter a new breakout to $32800 where the price can increase further to 38K, this is more on the technical view of the BTC price action. The last breakdown can be a dipping trend for a new breakout. Every huge breakout did start with a breakdown. There can be more time to play with the price action before a breakout could happen. It's not so easy that we could follow the price up and up.. there should be always volume out to get new LIQ in price. 2 important uptrend targets we checkout $32800 $38K For the bull trend target we check $47K
Long
by Goldenbreakout
2
ETH Hidden Buyers , Short Squeeze Potential Targeting $2k -$2400Analysis Note: This analysis will be continuously updated until the target or failure occurs, so please check back regularly for trade updates. At the end of the analysis, there will be a free trade signal to follow. If you found this post helpful, don't forget to hit the boost and follow buttons. ETH Chart Analysis: According to MT Pandora's Box, ETH is expected to reach the range of 1850 to 1864 from its current range of 1724. The reason behind this projection is that the price is still trapped within a larger range on a higher timeframe. It's important to understand that most breakouts, like attempts to end a trading range and establish a new trend, tend to fail. MT Pandora's Box indicates that buyers are currently accumulating and planning for another upward movement, which could lead to a short squeeze and potentially push the price to the range of 2200 to 2400. Although our initial prediction for a significant drop in ETH was $800, *click to read* we realized after our short from 2k that there is a possibility of a bounce at the current support level, with a chance of up to 65%. Market makers who plan to short will likely first buy at this level and then drive the price slightly above the previous high. The duration of this situation and capital accumulation will determine whether this lasts until November or December 2023. However, we believe the best opportunity to short Big on ETH to below 1k will be by then, In the short term, we anticipate a bounce at the current support level, but we remain bearish overall. I am personally buying some ETH here to take advantage of the unseen hidden buyers' pull-ups, and then I plan to switch to a short position at 2400. It's important to remember that price is still range-bound, so rejections and failures are common in such situations. Here are some key resistance levels to consider, as they could lead to significant reactions from sellers: Resistance Area 1 (Bear Barrack): 1850 to 1865 Resistance Area 2 (Bear Barrack): 1930 to 1950 Resistance Area 3 (Bear Barrack): 2000 to 2140 (most stubborn) Since failures are likely when the price is stuck in a range, we will regularly update this post to keep you informed about the next actions as the price unfolds and the buyers' reaction to these resistance areas, whether the upward movement will continue or fail. Market makers move in mysterious ways, so it's important to note that the chances of ETH dropping instead to a much stronger support at 1620 is still not completely gone and still stand at 35% and should not be totally ignored as this will be a simple Bull hunt to gather liquidity to hunt Bears this is why we recommend buying in pieces CRYPTOCAP:ETH Bulls Vs. Bears Battle Signal Updates: #ETH LONG FREE TRADE SIGNAL ASSET: $ETH/USDT ACTION: LONG 1st ENTRY PRICE: $1730, $1738, $1744 STOP LOSS: 1610(much risky but tighter stop loss but can easily get hunted is 1710) 1st TAKE PROFIT: $1850, 1865, 1945 (Extended TP: 2k, 2200-2400) Disclaimer: This signal is provided for informational purposes only and does not constitute financial advice. Cryptocurrency trading carries risks, and past performance is not indicative of future results. The user assumes full responsibility for any profits or losses incurred, and the signal provider is not liable for any investment decisions made based on this signal.
Long
by MachiavelliTrader
COCOS: CYCLE TARGET $15 BETA IDEA : 1B Marketcap If the cycle for COCOS keeps the trend, there is a possibility that it could reach a market cap of 1 billion, which may have an impact on its price action, potentially reaching $15. However, it is important to note that this is not a trading idea, but rather a view of the market's potential. As a trader, it is crucial to follow the current market trends and practice good risk management. We will be closely monitoring COCOS in the coming weeks and observing if the trend continues. Our main focus will be on the target of $2.75, which could potentially be followed by an all-time high Target. The most important is that the trend holds the cycle view. This update is not trading or investing advice. Manage in all time the risk as there is no guarantee in the markets. The price action effect can take also for the long term.
CLong
by Goldenbreakout
14
Oil is Ranging. So Where Will it break? Oil has been in a range towards the end of last year and price is fighting against pushing below the 75 lvl and staying below it. It makes sense as the news is mixed because there are positive and negative news for Oil. Check out the following: Positives for Oil: -China economy recovering and demand increasing -Russia plans to cut Oil exports by 25% and cut oil production by 500,000 barrels -EU ban on Russian Oil -OPEC maintaining production cuts -JP Morgan looking at $90 a barrel for Oil in the middle of the year Negatives for Oil: -to the FED increasing rates for the next three meetings -a possible global recession as majority of the G7 nations increase rates So, what will win out? The negatives or the positives. I am thinking Oil will be able to push higher in the short term (next few months) and eventually fall as interest rates push higher and higher. If inflation does not drop as fast the FED wants, it will need to crank up the the heat on inflation, by doing it through interest rates. In 2025, I think Oil is going to push back up to $100, maybe higher and if this does happen, it would be good if I am still in the GBP/CAD as price would likely be around 1.45. On a side note, there is a big push to renewable energies and electric vehicles, but this requires a lot of resources to produce on a massive scales and in the interim Oil will be needed. If this massive push does happen, in the beginning, Oil will increase exponentially until renewables take over. In the next couple years, lets see if I am correct: -price by the end of the year $80 -price in the beginning of 2024 (first 6 months) $70 - $80 and end of 2024 (last 6 months) $95 -price in 2025 $100+ (I keep thinking production is going to go off the rails with what's going to come out and the new technology)
NYMEX:CL1!Long
by DollarSaenz
Bitcoin Swing perspectiveHello guys. Hope you all have good time. Today im going to share you my opinion about BTC in 4H timeframe. As you can see in my chart the price consolidate around a strong longterm Trendline for about 10 days and wait for FED decision about Rate hikes and Inflation Data. I think the economic information are stable for now and Price action do the best thing! So when the price try to break this trendline , Sellers come in strongly and move price down till 27000 level. In my view price cant break this line and 29000 level for this time and the price will down to 24000 level and after a rest there , it again start to increase in hope of reaching 30000 level. Its a good time for BLSH(Buy Low Sell High) until the price break the triangle and move in a direction. I hope you enjoy my view. PLEASE dont forget to set an appropriate StopLoss and manage your Risk , Because Nobody Knows about 1 second later and these views are all possibilities. In another word ,We Trade Possibilities Not Realities. Share me your opinion and TEACH me something new. Love you all
Short
by TraderAmin-KZ
2
Quick Bitcoin Scan in the Morning Good morning everyone Grab yourself a cup of coffee and enjoy this quick scan on Bitcoin! Bitcoin has been consolidating overnight, shedding a lot of volatility, and opening up a window of opportunity for a Long and Short scenario on the coin. Make sure to check the video out so that you don't miss a potential entry on Bitcoin! Also, please leave a comment and share if you like videos like that. Many thanks and have a fantastic one legends All the best CH
by TraderCHgold
Bitcoin Shorting Scenario Hi Traders! With a lot of bad news in the market covering crypto-affiliated banks going underwater, I think it makes a lot of sense to look at potential shorting scenarios for Bitcoin. Please note: In my weekend analysis post from yesterday, I was laying out a potential long scenario for Bitcoin as we are still range bound between 20k and 25k. Seeing how the market holds up over the weekend is giving me somewhat confidence that Bitcoin could see a leg higher. Before you dabble into this idea, be sure to understand that Bitcoin has also a good chance of recovering from here. Here are my prerequisites for this trade: - Legacy markets need to be open - Legacy markets need to trade in the same direction, this is because we could potentially see Bailouts for SVB or takeovers that could relieve the banking crisis - Bad news spiral continues on Monday Here is my Game Plan: - Bitcoin needs to fall below 20300 - Fast move setting a new low in the 19800 area - Rebound and touch on 19950 - Retreat to new low and consolidate on the low - Entry upon break of the new low - Target 1 19500 - Target 2 18500 Big influencing news can make an impact on your trading strategy, but it is important to understand that macro news is not necessarily a good indicator you should trust, detach yourself from the breaking news world and trade pure price action, cut out the Bullshit and you will see a clear picture. Please make sure to check out my Bitcoin Long Post and my Market Analysis for a better understanding of where I see Bitcoin going next week. Thanks for tuning in and enjoy your Sunday! Best CH
Short
by TraderCHgold