The higher time frame trends on copper are presenting mixed messages. There are lots of interesting opportunities if one can exploit lower time frame trends cautiously.
Many have been watching NSDUSD. In this analysis I spot and evaluate where the bearish pressure is coming from. There are opportunities on 1H to 6H time frames, depending on reasonable risk tolerance relative to account size.
I'm analysing what I see on the chart of EURCHF (a pair that I do not trade). Overall there is much bearish pressure for the south coming from higher time frames. This presents much risk lower down the road. But all that matters is how loss is controlled, when trading between 15 min to 4H (for example). Lower time frames oscillate within envelopes of higher time...
Ethereum had a pretty significant pump down. It's now a serious bear-bull fight as punters queue up for positions. Overall on higher time frame the trend is for the north. On lower time frames price is trending for the south. Many exited on what appeared to be a double top on the Daily. So the recent fall may have been just about fear.
There are opportunities for CADJPY possibly on higher time frames and on 15 min microtrends.
This is a classic example of who trend indicators can be used to exploit the markets. Many were simply watching structure levels largely - hoping for GBP to move south. The charts were flashing 'go north' on daily and 4H time frames. Then emerged the opportunities on 30 min to 1H time frames as it pumped north. This is not with the benefit of hindsight? Why?...
I review NVDA on larger time frames. There is a tremendous fight between the bulls and bears at a 23.6% retracement on the Daily time frame, with momentum heavily for the south. NVDA has suffered the worst fall in its history. It is still a bear market at least on the Daily and Weekly time frames.
APPL has suffered the biggest dump of shares in its history. Price has bounced back by still less than a 38.2% retracement (at this time). Now price is struggling at a key inflexion point. Will APPL recover? I don't know - as I cannot see into the future. The probability estimate at this time is further downside eventually on the weekly to 3-Daily.
This is a classic situation where fear, uncertainty and doubt all come together. The situation with ULTA is critical on the weekly and exposes opportunities on lower time frames.
The DAX - Ger30 - is in a critical zone on the 3D time frame. If this is determinative, then there are good opportunities on lower time frames.
Gold has had a good run north on the daily time frame and is coming into a powerful zone of congestion. It's not looking great for going long on the 1D now. There are opportunities for shorting on lower time frames but those do not look too good either. Possibly - just possibly - there may be more profit taking on this around this time. I'd be cautious with this one.
In the screencast, I show that there are still opportunities in various directions which are time frame specific. It all depends on what is your affordable controlled loss (aka stop loss). My bias is for the south on a 4H time frame, based on price instability and some resistance on higher time frames.
I outline why on this 2H time frame the greater probability for the Nikkei is for the south. How far south is another issue. No predictions - as usual.
In this screencast I say that the recent weekly price action in Wall Street is a correction in a bear market. Price has moved into a critical zone and is struggling to stay afloat. This does not mean that it is bound to collapse. It means that price can probably move south.
I explore what appears to be a head and shoulders pattern in GBPNZD on 2H time frame. No predictions, as usual. Some people are going long and others can go short.
USDJPY is showing favourable trend changes on 30min to 4H time frames. I'm short on 2H.
The Indian stock market is not one I usually see talked about on Tradingview. However, it has been ripening for a short over the last few weeks. Markets decide their own course. Generally though the India50 appears to be weakening.
I'm short on AUDNZD from a higher time frame. The 2H picture is an amazing one that will test many, as there is an amazing level of horizontal resistance. My personal bias is for the south from a higher time frame. It would be interesting to see what the trading community thinks about this one. Do drop a few lines. :)