Double bottom forming on TOTAL3, start of uptrend for ALTS?TOTAL3 vs Nasdaq 100 key takeaways:
- HTF falling wedge
- Double bottom forming on 1W
- RSI strength on current second bottom (provided this is going to be a double bottom indeed)
- Volatility at historic lows
Unconfirmed yet, wait for weekly close.
Volatility
NQ Power Range Report with FIB Ext - 9/18/2023 SessionCME_MINI:NQZ2023
- PR High: 15684.75
- PR Low: 15671.25
- NZ Spread: 63.5
Evening Stats (As of 12:15 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 235.95
- Volume: 21K
- Open Int: 236K
- Trend Grade: Neutral
- From ATH: -8.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 9/15/2023 SessionCME_MINI:NQZ2023
- PR High: 15684.75
- PR Low: 15671.25
- NZ Spread: 30.0
NO SIGNIFICANT ECON EVENTS
Broke and holding above Sep 1 pivot
Evening Stats (As of 2:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 228.51
- Volume: 31K
- Open Int: 239K
- Trend Grade: Neutral
- From ATH: -6.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 9/14/2023 SessionCME_MINI:NQZ2023
- PR High: 15574.00
- PR Low: 15562.50
- NZ Spread: 25.5
Significant Economic Events
08:30 – Initial Jobless Claims
- Core Retail Sales
- PPI
- Retail Sales
Maintaining tight PR spread, low vol session open
- Maintaining daily range
- Heading back towards daily pivot high
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 233.73
- Volume: 22K
- Open Int: 219K
- Trend Grade: Neutral
- From ATH: -6.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 9/13/2023 SessionCME_MINI:NQZ2023
- PR High: 15510.00
- PR Low: 15498.75
- NZ Spread: 25.25
Margins increased 25% ahead of pre-RTH news
- 08:30 – CPI (2x)
Daily rollover, breaking prev session low
- Strong inventory interest off PR-2, 15480 (MNQ)
- Slight volume increase
- Holding low volatility, expecting boost from news
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.05% (closed)
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 234.65
- Volume: 23K
- Open Int: 187K
- Trend Grade: Neutral
- From ATH: -7.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 9/12/2023 SessionCME_MINI:NQZ2023
- PR High: 15667.00
- PR Low: 15653.75
- NZ Spread: 29.75
NO SIGNIFICANT ECONOMIC EVENTS
Low NZ spread
- Holding prev session highs
- Break above early Sep 1 pivot high
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.05% (open > 15670)
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 237.86
- Volume: 18K
- Open Int: 141K
- Trend Grade: Neutral
- From ATH: -6.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 9/11/2023 SessionCME_MINI:NQZ2023
- PR High: 15517.50
- PR Low: 15494.25
- NZ Spread: 51.75
No Significant Economic Events
- Lite week, events Wed & Thu
Rolled over to contract month Z
- Small weekend gap down, filled
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 241.84
- Volume: 18K
- Open Int: 53K
- Trend Grade: Neutral
- From ATH: -7.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Plan B for septemberI expect volatility on 13.09.23 on inflation data (3.1-3.4%), target block (24000-24800) is shown on the chart, then I expect market to recover on 20.09.23 on rate data (5,5%?).
I dont expect market below 24000 for long time. I bet we will hold Wyckoff accumulation zone which border is somewhere around 25200 - up to my analysys.
NQ Power Range Report with FIB Ext - 9/8/2023 SessionCME_MINI:NQU2023
- PR High: 15290.00
- PR Low: 15282.50
- NZ Spread: 17.0
No Significant Economic Events
Long-term inventory dropped to 15200 zone
- Buy response pushing supply >50% of prev session range
Evening Stats (As of 1:35 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 235.36
- Volume: 22K
- Open Int: 243K
- Trend Grade: Neutral
- From ATH: -7.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Meta’s Tight ConsolidationMeta Platforms pulled back along with other growth stocks in August. But now some traders may look for its uptrend to continue.
The first pattern on today’s chart is the 50-day simple moving average (SMA). The recent dip was META’s first pullback to this line all year.
Next is the series of higher lows since August 25. Prices have simultaneously pushed against the $299 area where they got rejected on August 24. That combination of higher lows and upside resistance could be viewed as an ascending triangle -- a potentially bullish continuation pattern.
Third, Bollinger Bandwidth has contracted to its tightest range since late May. Does that open the door to potential price expansion?
Finally, MACD recently turned upward.
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NQ Power Range Report with FIB Ext - 9/7/2023 SessionCME_MINI:NQU2023
- PR High: 15392.00
- PR Low: 15379.00
- NZ Spread: 29.0
Economic Events:
08:30 – Initial Jobless Claims
11:00 – Crude Oil Inventories
Follow-through with daily rollover
- Inventory response at daily KA-20
- Retraced 1/3 of prev session range
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 234.30
- Volume: 17K
- Open Int: 250K
- Trend Grade: Neutral
- From ATH: -8.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 9/6/2023 SessionCME_MINI:NQU2023
- PR High: 15525.50
- PR Low: 15509.75
- NZ Spread: 32.25
Economic Events:
09:45 – S&P Global Services PMI
10:00 – ISM Non-Manufacturing PMI
- ISM Non-Manufacturing Prices
Prev session closed relatively flat
- Still inside Friday's range
- Fair to expect a breakout trend in the near future
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 237.20
- Volume: 17K
- Open Int: 259K
- Trend Grade: Neutral
- From ATH: -7.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 9/5/2023 SessionCME_MINI:NQU2023
- PR High: 15534.25
- PR Low: 15514.00
- NZ Spread: 45.25
Expected high volume following long weekend
Evening Stats (As of 1:15 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 246.89
- Volume: 99K
- Open Int: 259K
- Trend Grade: Neutral
- From ATH: -7.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
WETH Link Current trade short explanationDue to the institutional experiments using Chain link there was a massive push however i feel the applications and experiments have gathered all the Link they need. Without those buyers I see Chain link falling faster than Eth due to the fact multiple layer 2 chains on top of eth, I expect Eth to hold its value better than LINK UNISWAP:LINKWETH_8FE2C8
At the end of the idea I'm no expert and would appreciate any feedback on this idea!
U.S. Unemployment crossing 20 month MA is usually very bearishHistorically, when unemployment crosses the 20 month moving average, a spike in unemployment follows in the next 12 months. These spikes in unemployment usually correspond with market downside in the S&P 500. The majority of the losses in the S&P usually happen early within the rise of unemployment. The recent rise of unemployment from 3.6 to 3.8 reported Friday September 1 2023 has put unemployment above the 20 month moving average.
This is an early warning sign for a possible recession in the next 12 months.
NQ Power Range Report with FIB Ext - 9/1/2023 SessionCME_MINI:NQU2023
- PR High: 15536.00
- PR Low: 15522.50
- NZ Spread: 30.00
Economic Calendar Events:
08:30 – Average Hourly Earnings
- Nonfarm Payrolls
- Unemployment Payrolls
10:00 – ISM Manufacturing PMI
- ISM Manufacturing Prices
Long weekend - Holiday Monday
Continuing to inch daily supply higher
- Relatively same NZ spread as prev session
- Break into bull zone leading into London session
Evening Stats (As of 1:45 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 246.75
- Volume: 17K
- Open Int: 256K
- Trend Grade: Neutral
- From ATH: -7.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 8/31/2023 SessionCME_MINI:NQU2023
- PR High: 15516.00
- PR Low: 15503.00
- NZ Spread: 29.00
08:30 – Initial Jobless Claims
- Core PCE Price Index
Peak into bull zone before declining below PR-1
- Overall hanging out in NZ
- Daily push of supply with reversal potential
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 254.59
- Volume: 20K
- Open Int: 252K
- Trend Grade: Neutral
- From ATH: -7.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Can NVTA reverse and rise?NVTA on the daily chart is in deep undervalued territory at the third lower Bollinger Band.
It put in a green engulfing candle after a Doji candle. The TTM squeeze indicator fired
a trigger while the lower TF RS line is about to cross the higer TF line and the 50 level.
The MACD lines crossed while under the histogram which is a low amplitude green.
The two most recent earnings reports were beats. Price ran 50% in late April and 60%
in early July, I believe that another run is now possible for this long trade setup. Penny stocks
like this have the ability to build momentum and upward volatility quickly.
NQ Power Range Report with FIB Ext - 8/30/2023 SessionCME_MINI:NQU2023
- PR High: 15443.25
- PR Low: 15423.00
- NZ Spread: 45.25
Economic Calendar Events
08:15 – ADP Nonfarm Employment Change
08:30 – GDP
10:00 – Pending Home Sales
10:30 – Crude Oil Inventories
Slight continuation of prev session supply run
- Retracing back to NZ ahead of London hours
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 263.51
- Volume: 22K
- Open Int: 256K
- Trend Grade: Neutral
- From ATH: -7.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 8/29/2023 SessionCME_MINI:NQU2023
- PR High: 15112.25
- PR Low: 15096.00
- NZ Spread: 36.25
Economic Calendar
10:00 – CB Consumer Confidence
- JOLTs Job Openings
Pivot long set at ~14800
- Maintaining daily inventory
- Carrying supply into daily Keltner20
Evening Stats (As of 1:05 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 255.85
- Volume: 19K
- Open Int: 252K
- Trend Grade: Neutral
- From ATH: -9.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Bitcoin Volatility Expected in September!Recent market analysis and expert opinions, particularly those of Arthur Hayes (ex-CEO of BitMEX), suggest that BTC may experience significant choppiness around the $25,000 mark.
While the cryptocurrency market has always been known for its volatility, the potential fluctuations in Bitcoin's value during this period could be particularly pronounced. As a concerned member of our trading community, I strongly urge you to exercise caution and consider pausing your Bitcoin trading activities during this time.
Arthur Hayes, a prominent figure in the crypto industry and the co-founder of BitMEX, has made noteworthy predictions in the past. Given his experience and expertise, paying attention to his latest insights is essential. Hayes believes the market conditions in September may lead to choppy price movements, making it challenging to predict Bitcoin's trajectory accurately.
Given this information, I encourage you to reconsider your trading strategies. It may be prudent to halt your Bitcoin trading activities until the market stabilizes temporarily. This pause will allow you to avoid unnecessary risks and potential losses associated with heightened volatility.
Remember, the goal of any successful trader is not just to maximize profits but also to manage risks effectively. By temporarily stepping away from Bitcoin trading during this uncertain period, you can protect your investments and ensure a more stable trading experience in the long run.
Please take this warning seriously and consider the potential consequences of trading Bitcoin in the upcoming month. Keep a close eye on the market, stay informed, and make informed decisions based on your risk tolerance and investment goals.
If you have any questions or concerns, please do not hesitate to comment.