Gold has been running for a long time and is due for a correction. Quasimodo pattern formation of order flow indicates that some consolidation or correction may be in order. Of course, this is gold and it has a long bias overall. Shorting is extremely risky. There is no clear bias here but if you're selling, sell from the bearish order block and if you are...
Price is moving towards a weak low. This should be ignored and we should wait until we reach the stronger level of demand formed via double bottom + absorption pattern. Bullish Order Flow, but we need to wait until we reach a fair value to enter this market.
NASDAQ:SMCI looks to be returning to a demand zone and will likely begin accumulation and absorption at this level. Over the coming months, I would keep an eye out of discounted buying opportunities at these price levels. For those looking for the best profit margins, they can wait for price to reach the red line. This would allow for a smaller stop loss. But...
With TVC:DXY strengthening some USD pairs are setting up nicely. I can see that USDCAD has a nice unmitigated extreme order block to target just above equal highs. If you can get a good entry, and use a wide stop loss this could be a good trade. However, you might want to wait for a correction to enter the position. You can see where I've highlighted demand....
Trump is going to wreck havoc on the US economy which is why many are hedging against USD with crypto. Inflation, shortages and recession are coming in a few years. For awhile, Biden policy will prop up USD but once Trump policy kicks in and effects the government, expect food shortages from deportations, recession from tariffs and draconian policy and more wars...
Ethereum looks like it is going sideways just below a price gap. Generally speaking gaps have a lot of unfilled orders and this presents a good Supply and Demand trade. On the daily chart, we can see that price gapped up along with all the other bullish assets like $USDJPY. I would expect the minor daily gap to be a good entry point to hold for the larger...
While Apple continues to captivate with its sleek designs and cultural significance, this company offers only utilitarian minimalism and conformity as it's brand image. The much-hyped Cybertruck was expected to be a game changer, but seeing one on the road is more akin to encountering a roach—an instant jump scare and a hideous design misstep. At this rate, Llon's...
Technical Analysis for NZDUSD based on Supply and Demand zones
US Dollar will continue to ping pong between supply and demand during the election cycle. With other major economies like China's being Paper Tigers, the U.S. will by osmosis become stronger. As we learned years ago, nationalized tightly controlled markets don't work as well or at all. The CCP will try and buy gold and other assets to de-dollarize which will only...
Disclaimer: This is not financial advice. Trade at your own risk. NASDAQ:META gapped down overnight creating a large volume imbalance in price. Without delving into fundamentals, NASDAQ:META looks like it will soon be at demand. Seeking price at a discount comes with the risk of buying before bottoming out. It also seems like a lot of traders are fearful...
Gold is providing an easy scalp play to target equal lows after taking inducement topside. More selling pressure will come into the market before it fills in the fair value gaps above.
False Flag Pattern forming with weak high and weak low in overall bearish momentum. Easy scalp for sell-side liquidity zone