Today's focus: Gold Pattern – Lower High swing point Support – 2290.50 to 2315 Resistance – 2338.40 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Gold on its daily chart. Do we have a new swing lower in play after sellers formed a lower high? This could be the case, but we still need some confirmation. In today's video, we...
NASDAQ:OKTA #OKTA is currently testing a significant level where a couple of broken wedges are being tested. For this one, I may reinforce the analysis later on with some more insights early next week. #AHMEDMESBAH
Today's focus: Gold Pattern – Correctional phase. Support – Resistance – $2394 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Gold on the daily chart. We have reviewed recent price actions and our thoughts on what we are seeing and looking for moving forward. Is this just a bout of profit-taking that will kick off a new trend?...
AMEX:DJIA break below 39000 opened a new bearish wave cycles near-term and possibly long-term
Today's focus: BTCUSD Pattern – Range, seller test. Support – 62,000 area Resistance – 73,000 area Hi, traders; thanks for tuning in for today's update. Today, we are looking at BTC on the daily. With sellers continuing to check buyers, it continues to look like we could see a new move at support. But for now, buyers continue to hold firm from around the...
Today's focus: US30 Pattern – Consolidation range Support – 38,550 Resistance – 39,165 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the US30 daily. Yesterday's CPI didn't cause any serious moves but did show that inflation remains stubborn. Today, we have run over what we are watching on the US30 and the current main levels...
Today's focus: GOLD Pattern – Channel Test Support – 2023 - 2020 Resistance – 2035.80 - 2055.60 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Gold on the daily chart. Gold saw a solid session to end last week but failed to break its price channel. Will we see the channel hold price and possibly send it back to the bottom on...
Price mitigated a Daily OB, and showed a good reaction to it. Expecting bullish continuation.
Price mitigated a Daily FVG, and is showing strong bearish reaction to it. Expecting more shorts.
Price took Liquidity, OTE Level, and an FVG that was made on the last impulse. So now I am waiting for a bearish continuation.
Price mitigated a Demand Zone, and with this the pullback seems completed to me. I expect a bearish reaction.
Price mitigated previous Demand zone. I expect a bearish flow.
Today's focus: Silver Pattern – Breakout test. Support – 21.90, 22.84 Resistance – 23,45 23.19 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Silver on the daily chart. Looking at Silver, we see that price continues to pull back after breaking out of a triangle-based squeeze pattern. This is fine after a breakout but we want to...
We're aiming for the price to reach the Optimal Trade Entry (OTE) Area, which also coincides with an (OB) and liquidity resting on the 4-hour chart. This convergence could potentially trigger buy signals.
Considering the bullish trend of USDCAD, it seems prudent to continue seeking buy opportunities, especially since it has already mitigated the Optimal Trade Entry (OTE) level. There's potential for another bullish rally. Conversely, if we anticipate a bearish week for the USD, our strategy would involve looking for short positions until liquidity areas are mitigated.
I anticipate a bearish week ahead, as I believe the price may need to mitigate a beautiful Fair Value Gap (FVG) on the 4-hour chart. Additionally, it could pull back to the Optimal Trade Entry (OTE) Area, where it might begin to gather confluences for potential buy opportunities.
The price may potentially begin to exhibit bearish signals as it enters the (OB) zone. Alternatively, we could await the mitigation of a Daily Fair Value Gap (FVG) and the emergence of short opportunities.
OTE has already undergone mitigation. However, there remains a portion of the FVG (Fair Value Gap) that could potentially provide the impulse to seek further short positions.