AMEX:SPY looks to be showing signs of weakness here. Thinking that we could see the first large decline of the year into one of the support levels below $479-$495. Breaking the trend line would be the trigger. If that happens and we do get a low, then I think we'll have one final rally to the upper resistance levels between $525-$530. Another possibility, is...
Considering the HLs on the chart and the bullish mCH on the chart and the breaking of the trigger line, we can have a bullish view on BNB. If there is a pullback on the green range, we will look for buy/long positions. The target is clear on the chart Closing a daily candle above the invalidation level will violate the analysis For risk management, please...
Natural gas continues to test mean reversion strategies. This commodity is continuing to burn the shorts. For a couple weeks now, Nat Gas has been trading at the upper 2.5 deviation band. This is an extreme overbought signal that often results in profit taking. Natural Gas Daily RSI is now diverging from price at overbought levels.
Hello Everyone, XAU/USD recently peaked at 2450.21 but has since experienced a bearish trend. Daily and weekly support levels have not held, and the price is currently heading towards testing the 1M Pivot Point (PP) or moving in that direction. Despite this downward movement, long-term expectations remain bullish. Please see the previous XAU/USD analysis as it...
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from...
INJ looks strong as hell but I am going to take 25% out here as we still can't flip this 24 Q1VAH level on BTC and there is nothing wrong with taking profits 😉 If BTC flips this level we should pump hard but as far as as we didn't there is a chance for a sell off.
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from...
Indices are at highs. We haven’t been to the top yet, there’s no data there. If we update the historical maximum, we can find out more in the Daily Posts. During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show...
The current analysis indicates a Bearish trend for XAUUSD, provided it stays above the PIVOT LINE at 2360 as we mentioned before. The prevailing Bearish pressure suggests that if trading remains below 2360, the trend will continue a strong downward. The price is expected to rise to 2376, and stabilizing below 2360 could lead to a further decrease to 2344 and...
Hello Everyone, After a significant uptrend in GBP/USD, the market sentiment is shifting towards an expected return to bearish territory. TradeWithTheTrend3344
Not much has changed on Silver. We were above 10 years ago; there is no data on volumes for such a period. If we go higher, we can clarify the levels in Daily publications. During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the...
The chart for the last range played out already, so now creating a new chart to focus on price action over the coming month or two. We ended up tagging the $58.2k support on the bottom of the range and have since bounced higher. I think it's likely that price action will continue up until the $66k resistance. If price can't break above that level, then I think...
Bank Nifty important levels and trade plan for Friday, 24th May Just like Nifty, Bank Nifty is also in an uptrend, and with lots of support below the current trading price. 48282 will be our level of concern for tomorrow, if Bank Nifty opens below this level tomorrow, after crossing this level, then we will go for a bullish trade. 49028, 49266 and 49623 will be...
The forecast for the Dow Jones 30 is now leaning towards a bearish trend. Prices are expected to fluctuate between 40050 and 39564. However, if the 4h candle closes below the pivot line at 39,564, the bearish pressure is likely to continue, potentially driving prices down to 39400 and 38825. Key Levels: Bullish Line: 39825, 40050, 40285, 40500 Pivot Line:...
Hello Everyone, The AUD/USD pair has seen significant performance, hitting a peak of 0.671415. Subsequently, it has entered a bearish phase expected to endure, possibly revisiting the 1-month support level. TradeWithTheTrend3344
Hello Everyone, The USD/JPY pair is once again testing the upper resistance levels. Despite the recent upswing in price, we anticipate a significant bearish movement soon that could surpass our initial bearish target. TradeWithTheTrend3344
We all know of the strong rally that catapulted to a fresh record high in March. Yet price action since appears to be corrective. Whilst we do not yet know if this is simply the first leg lower of a complex correction, or it is set to break to new highs - only time will tell. However, it appears set for a leg higher over the near term. Volume retreated with...
CLSK dipped just barely into the weekly demand on a wick. I was thankfully able to average down my 25$ calls for June on this dip. I am in the red on this position but it is looking like the recovery could be massive from here. The daily stochastic RSI is fully reversed, and the weekly is just getting started. With BTC ranging over 70k this is very bullish. Id...