Following my earlier count, I expect the price to start going sideways in wave iv without exceeding the top of wave (5) of of iii. So far, the count has proved successful, and I am not actively looking for alternatives.
Day Trade Market Condition jul 28, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
For Friday, the 78.04 level can contain selling through the balance of the week, above which 80.65 - 81.73 long-term resistance remains a 3 - 5 day target able to contain buying through summer activity. A weekly settlement today at or above 82.55 (1% above 81.73) would set off a significant buy signal into later year, 103.70 then expected over the next 3 - 5...
Day Trade Market Condition jul 27, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
For Thursday, the 77.96 level can contain selling through the balance of the week, above which 80.65 - 81.73 long-term resistance remains a 3 - 5 day target able to contain buying through summer activity. A weekly settlement above 81.73 would set off a significant buy signal into later year, 103.70 then expected over the following 3 - 5 months. Downside...
Day Trade Market Condition jul 26, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend FOMC
Technical Analysis: WEEKLY BEAISH Daily Bearish 4H Bearish In the chart above I have highlightened the trend, the Bear and Bulltraps. We have falling Highs/falling Lows. A bullish pullback signs eveytime low volume and low volatility that is the evidence of bulltraps caused by oil companies(and big speculators) The oil companies have also their own trades who...
For Wednesday, the 77.88 level can contain selling through the balance of the week, above which 80.65 - 81.73 long-term resistance remains a 3 - 5 day target able to contain buying through summer activity. A weekly settlement above 81.73 would set off a significant buy signal into later year, 103.70 then expected over the following 3 - 5 months. Downside...
Alright, so yesterday I got stopped out on WTI. Today, I see a new reason to short: key level test again and a double top pattern formation on 1H time frame as a confirmation. Goals: 77.5 / 76.6 ❤️Please, support my work with like, thank you!❤️
For Tuesday, the 77.79 level can contain selling into later week, above which 80.65 and 81.73 long-term resistance remains in 3 - 5 day target able to contain buying through summer activity. A weekly settlement above 81.73 would set off a significant buy signal into later year, 103.70 then expected over the following 3 - 5 months. Downside Tuesday, closing...
Day Trade Market Condition jul 24, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
WTI Crude Oil reached a key horizontal resistance on Friday. The market closed formed a shooting star pattern with a strong rejection from the underlined structure. It is a strong bearish confirmation and I suppose that the market will drop soon. Goals: 75.92 / 75.2 ❤️Please, support my work with like, thank you!❤️
A two-sided framework continues through summer between 62.14 long-term support, and 81.73 long-term resistance, both regions able to contain seasonal activity. Inside this wide range, 77.71 can contain weekly buying pressures, 73.27 weekly selling pressures, with a settlement below 73.27 indicating 68.25 within several weeks, where the market can bottom out on a...
We just observed a barrier triangle, which signals further leg up. Although I find it difficult to break down wave [ 3] into a distinct five-wave impulse, it does appear impulsive. Based on the constant pace of advance in waves 1 and 3, I have a suspicion that wave 5 could potentially be a thrust, or on the contrary a relatively insignificant high. Either way,...
Looks like we might get a short trade here. CL rejected in the sell zone this morning and can form a double top pattern here. I would still wait for the current 4hr candle to close below $75.83 to go short Entry - 75.83 (I would wait for the current candle to close below this level in 4 hr timeframe) Stoploss - 76.4 ( I would like to see a close above this level...
Day Trade Market Condition jul 21, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
For Friday, 73.24 and contain selling into later next week, once tested the 77.63 formation attainable again within a full week of activity. On the other hand, closing today below 73.24 signals 68.25 within 1 - 2 weeks, where the market can bottom out through August trade. Upside Friday, the 77.63 - 77.72 area can contain buying through next week, and below...
Day Trade Market Condition jul 20, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend