AI seems to be all the hype these days. Unity announced a closed Beta Program for their AI back in late February of 2023, and just a few weeks ago we got our first look at some of the things we can expect. Unity has almost doubled in price from its ATL's, but I don't think it's done yet. We've got a nice Cup & Handle Pattern forming on the Daily that's beginning...
COINBASE:BTCUSD is at a decision point for future directional price movement. As stated in a previous Idea I've posted, we are sitting very closely to the Yearly Open Price, which is a very powerful level for Investors & Traders. On top of that, it is at these levels that Big Public Companies, such as NASDAQ:TSLA , publicly announced they have made an investment...
Bitcoin is holding just above the Yearly Open Price. I would expect some massive selling if we get under these levels, as large positions have been publicly taken by large companies, institutions, and hedge funds around this price area. However, that could also mean that these large position holders may be looking to accumulate more at a lower price point. Either...
Getting above February 2020's ATH's seemed very bullish indeed, the most aggressive V-Shaped Recovery in the history of the S&P500 . However with elections fast approaching, along with the expected volatility, we must be ready to change our bias in a moments notice. We have a few higher time frame gaps that have caught my eye, particularly two that did not...
Similarly to my earlier post with the S&P500 (Find that below): We can see we still have a potential for bearish price action. Similarly to ES, we have a gap that hasn't been filled by a full-bodied candle on the higher time frame 3-Day and Weekly Charts. We are currently rejecting quite nicely from the Price Channel Midline as well. If we are able to get out...
Could be getting some rejection from this Daily Triangle on USOIL. Getting Confluence with Supply/Demand Zone Analysis And lower timeframe Market Structure If price can stay below 60.93 our first realistic targets for a short day would be around 59.90 at the bottom of the Supply zone that its currently dropping through.
If price can hold above 146.226 we're likely to see 151.639 in the next coming days.
Oil prices has stalled temporarily as price has bumped into a powerful daily triangle formation. Due to the strength of this triangle in the past, I'm leaning to the short side here for a rebound after a strong bounce. We're currently watching a few levels here As always, even though we may lean one side or another on a trade(Long/Short), its important to come...
Looking like we could get a long here today if we stay above 58.65 for US open. Shorter timeframe confluence with market structure.
Key Levels from higher TF and supply/demand zones, if price can hold above 56.94, long targets 57.26 & 58.10. Other key levels to watch @ 57.26, 57.60, and 58.02.
By defining a Structure of the Market you are trading, you can utilize the scaffolding of price as a means to take Low Risk Trades with High Rewards. Take this example of the ES. Levels were drawn beforehand on a larger TF chart. I define the structure of the market as places where either 1. Buyers Beat Sellers, and price shoots up, or 2. Sellers Beat Buyers, and...