NASDAQ:AMZN chart mapping/analysis. Consolidation within ascending parallel channel (green). Bull target(s) Ascending trend-line resistance (white dotted) Upper range of parallel channel (green) + 78.6% Fib confluence resistance zone Overhead gap fill (~163.27) Bear target(s) 61.8% Fib Underlying gap fills (~133.57 / ~121.64) 50% Fib lower...
NASDAQ:AAPL chart mapping/analysis. Clear breakout of descending parallel channel (white). Bull target(s) Overhead gap fills Previous ATH (~197.70) Ascending trend-line resistance (green dotted) Upper range of ascending parallel channel (light blue) Bear target(s) Descending parallel channel (white) aka "return to scene of crime" 23.6% Fib ...
NASDAQ:TLT chart mapping/analysis. Note: TradingView chart dividend adjusted. Price action bouncing off Golden Pocket (66% Fib) support Heavy trading volume = institutional activity (ie positioning?) Rejection wicks on previous weekly candles = selling pressure still present (correlation with long-end yields holding strength) Looking for re-test of...
NYMEX:CL1! intraday mapping/analysis. Crude Oil Futures finding support on Golden Pocket + lower range of descending parallel channel (white dashed) confluence zone after flat bottom break, while hovering above lower range of ascending parallel channel (green) + 66% Fib confluence. Price action accumulating while digesting recent sell-off Bias leaning...
TVC:US10Y intraday mapping/analysis. US yields dip while bonds & stocks rip. US10Y in clear downtrend with potential bearish H&S pattern developing, TBC. H&S development would correlate with bonds/stocks pullback before further bullish momentum into EOY. Left shoulder, head & neckline outlined. Right shoulder parameters: Rally above ascending 1st...
NYMEX:CL1! chart mapping/analysis. Note: TradingView chart B-ADJ adjusted for contract changes Crude Oil Futures capitulating from early October rally despite ongoing Middle East tensions & geopolitical uncertainty. Only macroeconomic narrative/headwind that would override war escalations is increasing probability of global recession-induced demand...
COMEX:HG1! chart mapping/analysis. Note: TradingView chart B-ADJ adjusted for contract changes Copper Futures attempting to build bullish momentum off evolving China economic stimulus narrative.
CAPITALCOM:US100 chart mapping/analysis V2. Always good practice to revisit your chart(s) after couple days with a refreshed perspective, to determine whether your initial TA has complimented developing price action, or your drawings need to be updated/overhauled. Revisit updates: Re-adjusted ascending parallel channel (green line) + highlighted middle...
COMEX:GC1! chart mapping/analysis. Note: TradingView chart B-ADJ adjusted for contract changes Gold Futures holding bullish consolidation after epic rally since early October due to Middle East tensions triggering a "Flight to Safety" trade + institutional short covering. Wait & see approach whether Gold will continue to climb higher within ascending...
COINBASE:BTCUSD chart mapping/analysis. Bitcoin continuing to march higher & higher after bouncing back in Nov-Dec 2022 off lower range of ascending parallel channel (light blue).
FX_IDC:AUDUSD chart mapping/analysis. Aussie Dollar benefiting from market "risk-on" sentiment + developing momentum from China economic stimulus narrative. Note: RBA Cash Rate decision (Tues 7th Nov @ 2.30pm AEST/UTC+11)
TVC:DXY chart mapping/analysis. US Dollar getting thrown out with US Treasuries as punters pile into "risk-on" trade. Downward momentum to continue until change in trend on lower timeframe &/or Markets flip back into "risk-off" sentiment.
TVC:US10Y chart mapping/analysis. US10Y getting dumped off combination FOMC decision, US economic data + US Treasuries update triggering institutional short covering. Bond & equities market squeezed higher, in-line with seasonality. Possible bearish H&S in development on lower timeframe, pending pattern confirmation.
CAPITALCOM:AU200 chart mapping/analysis. ASX following US market lead rallying into ~7000 psychological level (50% Fib) & descending trend-line (light blue dotted) confluence zone.
CAPITALCOM:US100 chart mapping/analysis. Nasdaq 100 Bullish price action front-running S&P 500 into upper range of descending parallel channel (white).
CAPITALCOM:US500 chart mapping/analysis. Ripping bounce off lower range of descending parallel channel (white) into upper range of Golden Fib Ratio (66% Fib / ~4370). TBC consolidation/retracement for further bullish momentum to re-test upper range of parallel channel, or bearish continuation of downward trend.
CAPITALCOM:US500 intraday chart analysis: 4H chart = bearish H&S pattern development + neckline test validation. Fib retracements: Straight line/left labels = March 2020 (Covid) low - Jan 2022 high Dotted line/right labels = Jan 2022 high - Oct 2022 low 1st target (yellow dashed): ~4100 lower parallel channel & May/June lower-range chop confluence ...
TVC:DXY developing flat bottom pattern after rejecting upper parallel channel + potential inverse H&S pattern, TBC. Inverse H&S Playbook (Long): - Break above 200MA/38.2% Fib/descending trend-line confluence - Reject 50% Fib/overhead supply (white box) confluence then bounce off 38.2% Fib to create the "Right Shoulder" - Re-test & break (hold) above overhead...