WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 79.82 which is a pullback resistance. Stop loss is at 81.06 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at 77.67 which is a pullback support. High Risk...
INTRODUCTION - This is a conditional long that should produce strong returns if 2 conditions are met. Obviously the nature of those conditions are binary. DETAILS - This is being published at 12:15-ish AM ET. See that arc and that line? That arc MUST HOLD UNTIL 3:30 AM ET, about another 200 minutes. If that is true, and price gets BACK ON TOP OF THIS...
Intro - Saturday I published first draft with "regular M". Before Sunday open, I thought it should be - in the words of the crypto guys who named it originally - "big-dick M". Within 2 hours of Sunday open I knew it was just regular looking M. Monday, price spent too much time going flat at 2336 which made the M into a "bent M" or a "crooked M". The first...
Based on the M15 chart analysis, we can see that the price has just reacted off our sell entry at 2390, which is an overlap resistance that aligns with the 38.2% Fibonacci retracement Our take profit will be at 2378.60, a pullback support level that aligns with the 38.2% Fibonacci retracement The stop loss will be placed at 2402, High Risk Investment...
I've been trying some custom approach / experiment on detecting reversal play in advance stages -- and my current case study is XAUUSD. Here's how it looks. Based on weekly data, we got a thinning price line with a shifting inverted support lines (bottom lines). A good confirmation Identifier would be a complete horizontal inverted support line shift. 1950...
Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 2359, pullback support close to 61.8% Fibo retracement Our take profit will be at 2346, a pullback support The stop loss will be placed at 2372, which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk...
XAUUSD has reacted off the pivot that aligns with the 127.2% Fibo extension and could fall to support. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 2392.49 Support: 2372.97 Resistance: 2409 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only...
Today, gold prices took a small bounce back, hovering between $2338 and $2340. Short-term traders are cashing in after the price dip at the start of the week. Everyone's eyes are now on the upcoming data, waiting to see what the Fed will do about interest rates. Lately, Fed folks have been hinting they might ease up on money policies if inflation starts to chill...
Oil and Gas have been some very strong stocks in 2024. Oil has taken a breather over the last 3 weeks and is now looking to bottom on dollar weakness. If energy starts to climb above $80/barrel, these XLE companies will start to outperform.
WTI is currently sitting at below 0.5 FIB level on a weekly data -- a key area where most buyers converge. $65-70 area has been quite a solid order block support. It has been tested many times and oil keeps bouncing up from this range. A bounce is expected from current price range. Accumulation has notably started increasing at the present levels. Spotted at...
Gold is in a correction period. If the price can stay above the 2326 level, it is expected that there is a chance that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
I think you have until the end of June before under $30 silver is never seen again... This looks like the most probable path IMHO... I unloaded my paper silver... Still accumulating physical.
Global shares rose while the dollar retreated on Wednesday, after a hot reading of U.S. wholesale inflation set a nervous tone for trading before a consumer price report that could prove decisive about when the Federal Reserve cuts interest rates. The frenzy in so-called meme stocks entered a third day, with shares in AMC and GameStop soaring by more than 25% at...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 16 May 2024 BUY LIMIT Order: $2366.58 Stop Loss: $2351.67 Take Profit 1: $2381.25 Take Profit 2: $2400.76 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
XTI/USD is rising towards the pivot which acts as a pullback resistance and could reverse from this level to the 1st support. Pivot: 80.16 1st Support: 77.93 1st Resistance: 81.91 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
Nat gas has been a monster breakout trade. Our members were positioned well on the long side and have officially closed everything out. We are now looking for an arbitrage short opportunity. We do except nat gas to go higher but price gains need to be digested.
SILVER has trimmed it's price significantly to multi week lows. The overextended correction is a good opportunity for possible reversal prospect. KEY NOTES: Daily FIB is at 61.8 level -- buyer's key demand area. Currently bouncing off this level with precision. Histogram higher lows. Daily Higher lows -- firm ascending support lines. TRI-MONTHLY higher lows -...
Building a position in unleveraged natural gas AMEX:UNG in $13-14's Divergence on price/RSI. Falling Wedge Would like to see price get over and hold above daily 50MA Will likely update once that is achieved After 50MA is achieved and held, breakout the wedge and target the 200MA daily for profit. Add on down days and be very patient with this one