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This stock has been doing well recently and has reached significant resistance levels with overbought conditions and bear divs on both RSI and Volume. Along with that its moving up in rising wedge which is bearish structure. Highlighted the levels for SL and TP (Orange lines) it may not go all the way down because move from bottom to 50% level looks solid and...

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We have several bear divs on RSI. The whole move up from 274 to current high will be reversed as it happened on Decelerating volume. We have also tapped the PRZ of butterfly after filling the Gap at 312. The PRZ of the butterfly has a large zone of reversal, that's why SL is slightly large for this move. Based on your risk appetite, you can either wait for a...

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The chart is self-explanatory, I have highlighted in the chart where we saw remarkably similar price action in the past. I have identified two different structures in the chart, a parallel channel, and a disjoint channel. We are currently trading in the disjoint channel. A disjoint channel has expanding edges which have same slopes locked in opposite...

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As you can see from the main chart, we have been trading in an upwards parallel channel from the time we made a bottom at 15K. Market Structure remains bullish as long as PA remains in this structure, but the upward channel is a bearish pattern which tends to break to the downside. So, keep an eye on the lower channel a break below that on Daily timeframe will...

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Looking at the short execution of the bearish harmonic PRZ, confluent with the .786 and 0.886 retracement of the whole move up It's a day trade. It can be a swing trade as well based one's risk capacity for Swing Trade SL is much higher at 4280. Alternate View of the chart with all the levels of interest. I have over 6 years of trading and investing...

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The trade setup I posted in my last update (link below the post) on gold has already produced a 3% move. If anyone took it, I'd move the stop loss to your entry and secure the trade by taking initial tp. If you haven't entered the I'd wait for a retrace above 2040 and then enter. I have added a parallel channel and Anti BAT harmonic to my chart. Both are bearish...

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I posted my gold analysis on Monday where I considered the possibility of a stop hunt before a decisive move down and we are looking at that scenario now. I gave an upper target of the stop hunt and we have hit that to the dollar. I am looking at a swing short here on gold with at least 10% drop overtime and have a wide SL as indicated in the chart. The only...

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We are nearing an important event tomorrow where we will come to know about Fed funds rates and FOMC guidance for upcoming months. These events are known for creating extreme volatility. We can easily swing up and down 100- 150 points on days like these and set in motion what's to come for the next few months. No matter how big of a volatile move we will see...

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Long term I am Bearish on DXY, with De-Dollarization happening in the world especially BRICS countries preparing to create a new currency to use for trade amongst them and 24 other nations joining them. So, we will see the dollar lose its value over the next few years. But in the short to midterm (Few Months to a year) I am seeing a nice bottom form for DXY. I...

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What is DXY ? The U.S. Dollar Index (DXY) is a measure of the value of the U.S. dollar relative to a basket of six major foreign currencies. It is a weighted geometric mean of the exchange rates between the U.S. dollar and these currencies. The DXY was created in 1973 with a base value of 100 and serves as a benchmark to assess the strength of the U.S. dollar in...

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This is an update to the previous analysis I posted last week. (Link below the post) So Far Macro Value Area high along with 0.618 has been acting as strong support and Gold is just ranging in a tight 30 usd range. It has tested that level several times now. The more time a level is tested the weaker it gets also RSI has been making lower lows for a while and...

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I have been tracking this chart for a while and have posted it a couple of times in the past (Links below this post) . In the last update we saw a rejection from the 3D breakout line and BTC.D was testing the Buildup support, which was held and resulted in a move to the upside. Right now, BTC.D is again testing the 3D breakout level and following are the...

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The Stoch RSI (Stochastic Relative Strength Index) is a technical analysis indicator used to identify overbought or oversold conditions in financial markets. It is a combination of two popular indicators: the Stochastic Oscillator and the Relative Strength Index (RSI). The Stoch RSI applies the Stochastic Oscillator formula to the RSI values, aiming to provide a...

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What is RSI? RSI stands for Relative Strength Index; The RSI measures the strength of asset's price action by comparing the magnitude of its recent gains to the magnitude of its recent losses. The RSI is calculated using the average gain and average loss over a specified period, typically 14. The formula for the RSI is: RSI = 100 - (100 / (1 + RS)) where RS =...

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Long term I am bullish on Gold, it should be able to break 2100, but for now it should range in 1800s to 2050K for next few months. I am currently in a short trade from 2043 and plan to ride it to low 1900s at least , then I will reassess. For now, I am looking at these setups.

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PLEASE IGNORE THE CHART. I see a lot of people refer to MMs as some malicious entity who is out to get your money. But their core job is to provide liquidity and smooth functioning of markets. Sharing what I know and understand about MMs. Some key roles and responsibilities of a market maker include: Providing liquidity: By being ready to buy and sell assets at...

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This is a supplementary post to the Analysis I posted yesterday (Link attached in Related Ideas). Mathematically, the mid band is smoothed version of current Price just like a moving average but smoothening in Gaussian Channel is done recursively to filter out noise even more. The top and lower bands are created by drawing them certain standard deviation away...

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This is an update to the BTC.D Wyckoff Accumulation chart I posted a few weeks ago (Link below). We hit the breakout resistance and rejected hard, but now finding support at AR top zone. If the market sees reversal in coming weeks its possible, we continue to build up even if BTC will be going down as Money from alts will leave faster to BTC hence keeping BTC.D...