Good evening and I hope you are well.
Today bears actually showed up and bulls began the profit taking. Very refreshing to see some two sided trading and not making more ath. I do think for all indexes the selling was strong enough to get another leg down, which then is mostly a third leg or W5 and markets are or will then trade at bigger support prices, trend...
Good Morning and I hope you are well.
WTI Crude Oil
bull case: Still inside the bull channel but market get’s more two sided trading. I can’t see another strong leg up but more trading range price action between 80-85. 85 Should be the max here and the very big triangle will probably play out over more months. Upside is probably very limited here.
bear...
Good day, I hope you are well and enjoyed the holidays.
This is my post from before US Session open today, sorry for posting late here.
overall market comment
tl;dr monthly update: The following are my very rough guesses what could happen over the next 6 months and why this trend is on it’s last leg
Q1 earnings will show weakness and market stops making new...
GBPJPY is currently following a bullish market structure and is now retracing to the downside, targeting the point of interest (POI). There are some imbalances at the bottom of the recent trading that the price needs to mitigate.
Expect a bullish continuation when the price touches the POI. The target of the bullish movement will be the recent swing high.
Hey there,✌
MEXC:ETHUSDT Price broke above the critical $2100 resistance level and consolidated with a bullish trend, reaching $4000. After reaching those highs, the price met some resistance and pulled back a bit. it's currently showing positive signs around the $3000 FVG (Fair Value Gap). As long as the price remains above $3000, the long-term outlook is...
Good evening and i hope you are well.
sp500 e-mini futures
bull case: Bulls got the more up but barely. The high today was 3 points below the ath and that qualifies as a double top. Do we trade down from here? I don’t know. If bulls can keep it above 5300, it’s as bullish as it gets. Many support lines below on the chart and bears not doing enough to make...
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Gold
Quote from my weekly post:
short term: Neutral. Bulls could break above 2200 again and bears could also break below 2140.
bull case: Market seems bullish enough for 2220 test again and i think it this time it will break again for retest 2247. I’d be surprised if we get big sell volume around 2220 again. Market...
Good evening and i hope you are well.
I was totally already writing the update with the most annoying small trading range price action in mind (obviously not the dax) but then the bears used the power hour to extend the range downwards. If anything i’d guessed we close near the open. Interesting going into tomorrow and if bears can generate follow through or at...
Good evening and i hope you are well.
Let me start today with a beautiful quote, which is often repeated in some form or another and indefinitely more people do not grasp.
As we’ve discussed, every security is a claim on some set of cash flows that will be delivered to investors over time. Yet at any given moment, the only two things that determine the price of...
Chart legend:
Yellow lines: These line represent the lower and upper boundary of the range that has been tracked for the last 30+ days.
Orange lines: Buy and sell side volume in the order book. These areas are where the buying and selling volume are the highest. Note that multiple zone could exist, these are just the strongest ones.
Purple lines: This is the...
Good evening and i hope you are well.
Markets want green across the board and that means acceptance. Bears can’t deny it because they are not doing anything to stop this so higher prices are the higher probability here, no matter how overbought everything is. The only possibility i can dream up currently is that this quarter was so utterly overbought, that we...
Imagine You buy a stock or business, that You think was undervalued based on the "circumstances" and that you think has great value. You bought this at 1$, during 2020 November alongside with the oil rally.
Nobody knows the price. Everyone has a price target... Imagine my price target was 7$ - based on the previous highs. Chances are everyone will look at it the...
Good Morning and i hope you are well.
Last week the dax bulls created a potential exhaustive very big island gap, US indexes ranged at the highs, gold ranged after the uber bullish move up and oil did exactly what i have been writing for many weeks now.
No matter how you want to draw it, Nasdaq made lower lows, printed 2 consecutive weekly bear bars (last time...
Traders,
Bitcoin is likely to start making daily lower highs this next week. Of course, we have another FOMC meeting coming up which will add a level of uncertainty and possible volatility. I have been hoping for a retrace down to that 64.8k level (ascending multi-year support/resistance) and I think we'll get it.
Above I have the proposed path that price might...
Good evening and i hope you are well.
Markets another selling round today, after the much higher than expected US PPI created big bear bars that were quickly sold, just to break below again. Bears then could not keep the momentum going and most markets ranged afterwards. Oil did exactly what i said it would do for many days now and the 82 target is within...
Good evening and i hope you are well.
wti crude oil
bull case: Bulls stayed above the daily 20ema which is around 78, they bought where they had to and today was strong enough for at least a second leg, which would bring us back to 81, which is last weeks high. I still expect 82 in the near future. If we get a third leg, that’s the obvious target. The fact...
Good evening and i hope you are well.
tl;dr: do or die here at 170 for the bulls. If we break below the bear channel line, bulls covering will fuel this further. Strongly bearish.
Last week i wrote the following:
"bear case: Price action wise was this a wedge bear flag which broke down and now market will test 175 if there are more buyers than sellers. Not...
