Daily uptrend, daily level of demand entry into recent highs. 5.2:1 Risk/Reward.
Daily uptrend, daily level of demand entry into recent highs. 8.2:1 Risk/Reward.
Daily downtrend, daily level of supply entry into December 2023 lows. 5.7:1 Risk/Reward.
Daily downtrend, daily level of supply entry into recent lows. 5.3:1 Risk/Reward.
Daily uptrend, daily level of demand entry into daily supply. 6:1 Risk/Reward.
Looks like stocks are starting to form a correction in comparative relative strength vs. gold after testing multi-year resistance levels, signaling lower and lower fears of inflation, or perhaps simply just a pause in that thinking for a time.
Both charts look very similar, however in this instance commodities are acting as a leading market for both the dollar bottom (Jan 2021) and the dollar top (Sep 2022), with the commodity index bottoming in April 2020 and topping in March of 2022. Since the last significant declines in both markets, they have both been relatively flat, with commodities remaining...
Daily uptrend, 4hr demand entry targeting near prior October highs, 5:1 RR.
4hr uptrend, 4hr demand entry into 4hr supply, 5:1 RR. Shorter term trade.
4hr downtrend, 4hr supply entry targeting daily demand, 5:1 RR.
Daily downtrend, 4hr supply entry into weekly demand, 4.5:1 RR.
4hr downtrend, 2hr supply entry targeting October lows, 15:1 RR.
Daily downtrend, 4hr supply entry into daily demand, 3.5:1 RR.
Daily downtrend, 4hr supply entry into daily demand, 4.2:1 RR.
Daily downtrend, 4hr supply entry targeting prior lows, 5.8:1 RR.
Daily uptrend, 4hr demand entry targeting prior highs, 4.4 RR.
4hr downtrend, 2hr supply entry into 4hr demand, 5:1 RR.
Daily downtrend, 1hr supply entry inside 4hr supply, targeting thru daily demand, 5:1 RR. RISKIER.