A short-term rally for BRK.B to get to the weekly FVG and fadeBRK.B has been falling for the last two weeks.
On the weekly interval, there is a bearish fair value gap. We saw an up-close bar on Friday. I believe price will continue to go lower and it will do that from the weekly FVG. The ultimate target is the intermediate term low at 437.90.
US
US30 - Once A Castle, Always A Castle!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈US30 has been bullish , trading within the rising channel in blue.
After rejecting the $45,000, has been in a correction phase and approaching the lower bound of the channel.
Moreover, the zone marked in green is a strong structure.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the structure and lower trendline acting as non-horizontal support.
📚 As per my trading style:
As #US30 approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bullish bounce?US Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance that has been identified as a pullback resistance.
Pivot: 105.16
1st Support: 103.68
1st Resistance: 106.96
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop off overlap reisstance?The US Dollar Index (DXY) has reacted off the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 106.58
1st Support: 105.44
1st Resistance: 107.05
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ETH 1h Brief analyseHi Traders,
There is still unmitigation zone at 1D.
I believe that it seem to be a destination for me where ETH will be heading to.
You see the wave a-b-c at 1h and trend line written at 4h.
Hopefully, this confluence works.
Just remember it can do down further to 0.681 level as good retracement level.
Make sure double check the confirmation then start place the position with stop loss.
3 rules
Buy
Sell
Wait
ETH 1M brief analyzeHi Traders,
ETH is looking good heading to new high with momentum candle.
All we need to is finding out how ETH is react at Order block whether price correction
is initiating or pushing up higher to the new high record price.
In comparison with BTC for last a month , there has been no much liquidity in ETH.
Probably, I guess because of BTC domination.
I believe there is still strong potential that ETH will go new high.
We only need to wait BTC start off sideways, then Market liquidity flows in Altcoin market.
3 RULES
BUY
SELL
WAIT
Make sure set up the Stop loss all the time.
There is always opportunity as long as you are alive in the market.
Will the Dollar Index Redefine Global Economic Equilibrium?In the intricate dance of international trade and geopolitical strategy, the Dollar Index emerges as a critical compass navigating the turbulent waters of economic uncertainty. The article illuminates how this financial barometer reflects the profound implications of proposed tariffs by the U.S. administration, revealing a complex interplay of currencies, trade relationships, and global market sentiments that extend far beyond mere numerical fluctuations.
The proposed tariffs targeting key trading partners like Canada, Mexico, and China represent more than economic policy—they are strategic maneuvers with potential seismic shifts in global trade dynamics. As the Dollar Index climbs, reflecting the U.S. dollar's strength, it simultaneously exposes the delicate balance of international economic relationships. The potential consequences ripple through supply chains, consumer markets, and diplomatic corridors, challenging the post-World War II trade paradigm and forcing nations to recalibrate their economic strategies in real time.
Beyond the immediate market reactions, these developments signal a broader philosophical question about economic sovereignty and interdependence. The tariff proposals challenge long-established multilateral agreements, potentially accelerating a transformation in how nations perceive economic collaboration. While the immediate impact is visible in currency fluctuations and market volatility, the long-term implications could reshape global economic architecture, prompting a reevaluation of the U.S. dollar's role as the predominant global reserve currency and testing the resilience of international trade networks.
4H BTC brief analyseBTC is taking a rest after fierce upward moving.
We will find out later where BTC will be heading to up or down, after a-b-c wave hit at 4hour.
This my trading scenario so that please always beware yourself not to get influenced too much.
Always plan before placing an position and setting up the stop loss.
EURUSD 17/11/24As we head into this week, we maintain a bearish bias on the EUR/USD pair. This aligns with last month’s trend, where we consistently sold this pair to the downside. Without a shift in bias, we expect this bearish momentum to continue.
Looking at the chart, we’ve identified two key areas of interest for potential selling opportunities. First, there’s a short-term high located around the middle of the current range. This is also a 4-hour high that swept previous short-term highs. Above this, we see an area of unmitigated supply that triggered the last major break of structure, along with a liquidity high just above it. If the price pulls back, it could interact with this supply zone and possibly take out the liquidity highs.
However, this pullback would be a counter-trend move. Our primary expectation remains for the price to continue its downward trajectory toward the lows. Last week, the price swept a daily low, highlighted by an arrow on the left-hand side of the screen. This sweep led to a notable upward push, which, while counter-trend, could serve as the catalyst for the pullback we anticipate.
The market open will be interesting to watch. If the price gaps upward, it could indicate an intent to move higher before potentially filling the gap later in the week. This would align with the bearish continuation we’ve forecasted.
Trade safe and stick to your plan.
Bullish bounce off pullback support?US500 is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 5,883.74
1st Support: 5,817.25
1st Resistance: 5,963.68
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bearish drop?USO/USD has reacted off the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 69.05
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 70.48
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Take profit: 66.91
Why we like it:
There is a pullback support level.
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ETH brief analyseThere are still room for high peak.
This week upward wave-B is retracement of A in 1day chart.
When this B retracement end, which (A)- (B)- (C) wave at 1hour drown.
Big correction wave might begin, like a week.
This is my trading scenario to share with you.
Please always set up stop loss for long run trading.
There is always opportunity in other days.
Weekly BTC forecastThis is only my current analysis relying on assumption.
There is still wide open area where it could hit later.
This is only analysis to give you an idea for helping your scenario trading.
Please remember always make the trading plan then initiate placing the position as your scenario meet your trading system AND confirmation. also please set up the SL.
ETH - Make or Break Zone!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH is currently hovering around the lower bound of its range in the shape of an ascending triangle.
📈As long as the lower red trendline holds, a continuation towards the upper bound of the triangle is expected.
In parallel, if the last major low in red at $2,300 is broken downward, a dip towards the $2,000 - $2,100 weekly support would be anticipated.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GOLD REACHES NEW HEIGHTS AMID RISING SAFE-HAVEN DEMANDUS economic data
Positive news came from the jobless claims, which dropped to 241,000, much lower than expected and down from the revised 260,000 from the previous week. US retail sales also did better than predicted, rising by 0.4% from the month before, compared to an expected 0.3% increase. Nonetheless, positive retail sales and strong jobless claims are unlikely to alter the course of the Fed's monetary policy.
ECB rate cut
ECB cuts rates as expected and upcoming months will be crucial as the ECB evaluates economic conditions and decides on its future monetary policy approach.
US dollar index-
The US dollar index showed a minor decline due to profit booking. A break above 104 would confirm a continuation of the bullish trend.
Based on the CME FedWatch Tool, the likelihood of a 25 basis point rate cut in November has risen to 92.2%, up from 89.50% just a week ago.
EURUSD Flat To Start November Elections Ahead The EURUSD has been quite flat to start the month of November. The current market price is hovering around 1.08730, which is within about 10 pips of the November month open price. Today the Bank of Australia will be releasing new data regarding interest rates, this could possibly give some volatility to the market for US pairs. Don't forget that the US Federal Election will be held tomorrow. Traders will be looking for a spike, for now we will be waiting for the news.
Technical Review - Agape ATP Corporation (ATPC) Agape ATP Corporation (ATPC) is showing promising signs of a potential upward breakout as it consolidates within a steady range, with strong support observed at $1.50. This level has consistently attracted buyers, reinforcing confidence and creating a solid foundation for a bullish move. Should the price continue to hold above this point, it indicates healthy accumulation, positioning ATPC for potential growth.
On the upside, $2.00 has emerged as the primary resistance level, but recent price action suggests a brewing momentum to break through this barrier. A successful move beyond $2.00, especially if accompanied by an increase in trading volume, would signal a breakout, opening up a pathway to $2.50. This resistance level serves as the next target, where a surge could propel the stock into a new trading range, attracting more bullish interest.
Supporting this outlook, the technical indicators add strength to the bullish case. While the MACD reflects a steady buying interest, the MCDX Plus shows signs of accumulation with increasing momentum in the green zone. This suggests that buyers are building up positions, indicating underlying strength that could fuel a significant rally once the $2.00 level is breached.
In summary, ATPC is primed for a bullish breakout, with a solid support base at $1.50 and clear resistance at $2.00. Investors should keep an eye on the volume and momentum indicators, as a sustained move above $2.00 could lead to further gains towards $2.50 and beyond.