Day Trade Market Condition aug 10, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend notice economic news CPI this morning so be patient for the update condition after market open
For Thursday, the 81.49 - 81.66 area can contain selling through the balance of the year, above which 86.28 remains a 2 - 3 week target, 102.96 attainable by the end of the year. In the more immediate vicinity, 84.18 can contain session activity, above which 86.28 is attainable intraday and able to contain weekly buying pressures, once tested the market...
WTI Crude Oil / USOIL is trading inside a Channel Up with the price reaching its top. The Higher Highs trend line is technically the lowest risk sell entry, as long as it holds. Every pull back inside this formation has been at least -4%. Sell, aiming for a similar decline, targeting 81.20. Follow us, like the idea and leave a comment below!!
Day Trade Market Condition aug 09, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
Day Trade Market Condition aug 08, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
For Tuesday, the 81.49 - 81.71 area can contain selling through the balance of the year, above which 86.54 remains a 2 - 3 week target, 102.96 attainable by the end of the year. Upside Tuesday, 84.17 can contain session strength, while closing above 84.17 indicates 86.54 within several days, able to contain weekly buying pressures and the point to settle...
Day Trade Market Condition aug 07, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
WTI Oil (USOIL) almost hit today 83.50 (Resistance 1), which was the April 12 High that caused a rejection on the 1D MA200 (orange trend-line). The 1D MA200 is now long broken, so any 1D candle close above Resistance 1 will be a bullish break-out targeting Resistance 2. In that case we will buy and target 93.00. Until it breaks though, especially after an initial...
For Monday, the 81.49 - 81.73 area can contain selling through the balance of the year, above which 86.67 remains a 2 - 3 week target, 102.96 attainable by the end of the year. Upside Monday, 84.17 can contain session strength, while closing above 84.17 indicates 86.67 within several days, able to contain weekly buying pressures and the point to settle above for...
The count of wave appears to be about complete. The issue with this chart is that the price is very near to the invalidation line (dashed red), but minor wave v of (c) of does not appear to be complete and needs some space to shape a reversal. If the red dashed line is violated I will fall back on the scenario with ABC flat (C is a diagonal)
Day Trade Market Condition aug 04, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
For Friday, the 80.50 - 81.61 long-term resistance area can contain buying through summer activity, below which 76.77 is likely by the end of next week, 62.14 attainable over the next 3-5 months. On the other hand, a weekly settlement today at or above 82.42 (1% above 81.61 – page 2) would set off a meaningful buy signal into later year, 87.27 then expected within...
Day Trade Market Condition aug 03, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
Take a look, how Crude Oil reacted to a key horizontal support yesterday. The price formed a bullish engulfing candle. Now, the market rolls back. I think that the market may bounce to 80.06 / 80.5 levels soon. ❤️Please, support my work with like, thank you!❤️
For Thursday, the 80.65 - 81.61 long-term resistance area can contain buying through summer activity, below which 76.57 is likely within 1 - 2 weeks, 62.14 attainable over the next 3 - 5 months. On the other hand, closing today above 82.42 signals 84.44 within the week, while a weekly settlement tomorrow at or above 82.42 (1% above 81.61) would set off a buy...
Day Trade Market Condition aug 02, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
For Wednesday, the 80.65 - 81.61 long-term resistance area can contain buying through summer activity, below which 76.48 is likely within 1 - 2 weeks, 62.14 attainable over the next 3 - 5 months. On the other hand, closing today above 82.42 signals 84.44 within the week, while a weekly settlement Friday at or above 82.42 (1% above 81.61) would set off a buy...
Day Trade Market Condition aug 01, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend