1.24.23 QG1! LBS1! :Lumber Started out the same way that Natural Gas Is trading now. Both markets Were very oversold and found the reversal comma but then produces A double bottom.... and in the case of lumber, has made a very profitable move higher... about $10,000 higher. We have to wait and see what will happen with natural gas.
The Profile. Today’s profile is P-shaped, which communicates to us that this move has been fueled by short covering. However, I want to focus a bit less on the profile and shift my focus onto one of our key levels from the past couple weeks which was also the prior weekly high, 4036. Holding below would expose a retest of the balance lows, thus it is a pivotal...
1.24.23 Bobby, listen to this video at least twice. Replicate the chart. Spend some time on the thinking associated with this market.... natural Gas. It's not easy finding this kind of analysis. Your risk Is that you spend a few hours... and then you can decide that the thinking behind it doesn't resonate for you . But listen to it first and replicate the...
XRP chart looking really interesting, we about to break the major downtrend line that we have been tracking for over a year now. at the same time we have a strong resistance level $0.60 mark, could this be the level that XRP dumps 70% of its market that should bring us to those $0.15 -$ 0.20. let's stay patient and watch it play out. good luck
Overally Gold has been bullish and i'm expecting to see it break above our resistance (Red bar@1938.500)
Targets are as high as 1945 and potentially even further up to 1948
Hey Guys!
I'm currently watching the usd/jpy pair for a possible daily bias setup.
In this post, I explain the reasoning for the setup including the stop loss and target levels and further explain what I'll be looking for in order to confirm this set up.
I'll keep you guys updated!
Have a great day!
Ken
we Might see price reject the new golden zone and keep going on with buys but sometimes you want to see what the candles say . candles will always tell you story to see if it has power to buy or wait for sale ill recommend to read the candle bible soon if you see the trade different keep your analyze dont change it because of me God bless!!
Despite price still being stuck in last month's range, the bulls gave it another try and pushed above the prior week's highs giving some solid price action this morning and overall to close the post-Opex candle. Using this range on the daily is now key to help gauge sentiment into the rest of this Options expiration period.
So while I took Friday off, it looks like the market ended up right around where I thought we would (I forget the exact number I called, maybe 3997? somewhere in the 90s anyways).
That being said I wouldn't just jump into a short quite yet, or at least I'm not going to. I've said I'm fairly neutral with this markets long term direction, and want to see how we...
1.23.23 I made a mistake near the end of the previous video.. Apparently Did not move on today's open. Until it gets higher. This is A little peculiar to be honest. The video shows the Gap that has not been Tested... so there is a good chance that the market will move higher without breaking below the green support line. This is no big deal, however the...
1.23.23 I looked at the two markets that I talked about earlier this morning. This video is all about gaps. You should listen carefully. There were a couple of minor Mistakes that I made..... not really significant. However there was a mistake it should be corrected: At the end of the video I made a statement that the current price had closed the gap on the...
1.23.23 On Friday natural gas came to support area, but there was no sign of buyers until today when the market made a small gap higher. This is what would trigger a buy signal with a small stop. If we get stopped out, there may be another chance to look for buyers.
Hi everyone. Hope everyone having great fun with great PA since the start of the year.
We just hit the 23k technical resistance levels and the books as discussed before building up some pressure between here and the 25k.
The ongoing momentum is very strong and any mark down from here I'm currently seeing as just a liquidity recapture pullback before breaking the...
1.23.23 Dollar on the Futures market: The dollar is at the support area. There is a battle between buyers and sellers at this area. This is also A double bottom. This might imply that the market is going to go higher since it is at a double bottom. This is not necessarily true. I spent some time on ABCD patterns. I am guessing that these patterns are probably...
If you love the spot-on analysis done so far, please boost, share, comment, and follow for more. Strategy currently in use by Green Lion Capital Social Trading on Zignaly.
This overbought point was determined using a private chart strategy. In this chart, the entry zone is identified. The general overbought price is $22,888. A lot of people are wondering what...
