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Equilibrium

Weekly Review (Ending 123022)This past week was the last week of trading for the year and man, did it feel like it. The first two days of the week, Tues. and Wed., were clean. I noted earlier in the week that I wanted to see 3780 as an objective but, after being wrong analysis, the Daily Time Frame told a different story. It is at Equilibrium, which Price is likely to consolidate. So, with it being the last trading week of the year and Price being at Equilibrium, It was more likely for Price to have a Consolidation Weekly Profile. Green Check = Correct Bias Red X = Wrong Bias Grey Circle = No Bias/Did not trade/Neutral
CME_MINI:ES1!
by FreddyFutures
BTCUSD expected Path (bigger picture)Recently I was following BTCUSD through its consolidation up until break of structure last Friday 6/10. That series was a local analysis/predictive tool using continuous-time markov chain (CTMC). This is a bigger picture analysis using charting techniques centered around supply/demand trendlines and a statistical method I developed in R studio that measures proportional range w.r.t. a displacement control chart (based on price action relative to the 9 and 20 day moving averages (as well as the relationship between those moving averages)). There is a post from someone I follow that has what I think is the most accurate Elliot Wave coverage of BTCs count, which has some levels that align in the neighborhood what I am getting using this method. Here is a link to that post (@Nailed_it, hope you don't mind if I link this idea - if so lmk and I'll obliterate my post): If you want the details follow that ^ Below is more of a general idea for upcoming path to expect using my method: Black 2pt line is most likely path from here (dashed 1pt black line is alternative) - i.e. bounce to low 30ks (point target 31616.3) to test recent channel {the decision at low 30ks will differentiate which path is taken}: - If rejected in low 30ks, which is higher probability, expect more downside to around 12-17k (point target 14278). This should mark the end of the corrective wave. From there my initial target to spark a rally is 41k by October 2022 - If continues after testing low 30ks, flip the expectation above (i.e. 41k first near term, then drop to ~14278k to complete the correction by October) *Max downside risk I see is 6396, but notice I included 0 in this analysis chart (that's right, don't plan on it but don't count it out either hah) **Upside point target, longer term, is 84799. This probably wouldn't be realized until 2023? We're not there yet but I'll update once I see which (if either) of these 2 paths play out... 2 roads diverged in a yellow wood, and BTC did what it wanted to ("BTC stay on the path"... "No way I'm not scared of the SPYDER, I control the SPYDER"). The images posted in the chart are interesting. Not going to go into details but as I mentioned above I essentially use average daily price w.r.t. control charts to obtain estimated ranges. The trajectories are generally pretty stochastic/random, but sometimes interesting patterns unfold at the end of price cycles that give insight into breakouts and breakdowns.. for BTC, back in July 2021 an Expanding Triangle emerged on the proportional range chart and then it took off to 60k. Currently, as of this morning, an Expanding Triangle just completed on BTCs proportional range chart... just something to think about, that's all I am saying. I am not saying it will breakout today because of this lol... but the setup for such a breakout is in the works (i.e. corrective cycle nearing the end). Best to All
GEMINI:BTCUSD
by JerryManders
6
Consolidation between Supply and DemandAt the point A, the imbalance happened from the base (equilibrium). The price shot high quickly to the point B. After that the price retrace to the point C. The price rose again and broke the swing high of the B. and make the higher high. After that the price got down and broke the low of C. The price dropped slower than the rally of A. So the projection of the drop is to the point of D where the demand zone lies. After that, the price will rise (at least) to the level of B creating pattern Quasimodo. For your information, Quasiomodo is like head and shoulders but with an additional requirement of left shoulder. The left shoulder should get down and break the low of the right shoulder.
by albusthami
Potential breakout structure in the NAS100Good afternoon! Judging from where we've come from, beliefs are that price could continue a surge to the upside following either today's NYO or tomorrow's. Should price break out of the supply (then turned demand) zone of approximately 15440.00, we could see the NAS delivery another cracking move (similar again to the one seen on Monday of this week) to approximately 15662.00. If that is to be the case, a window of opportunity could present itself in the form of a breakout trigger at arond the 15550.00 level or close to at least. However, should price retest the 15m 200EMA and continue trading through the liquidity zone based at approximately 15290.00, it would ultimately invalidate this bias and we could potentially see a deeper corrective back down to approximately 15160.00. Lets see what happens.
OANDA:NAS100USD
by TheTradingRoom
Institutional corrective could be soon underway...Good afternoon! We've been closely monitoring the NAS100 in anticipation of the breakout of the institutional liquidity pool sitting up at around the 15400.00 level. First however, we are expecting a price corrective and retest back inside the demand zone based at approximately 15200.00. Should this corrective take place and price decreases, it would certainly make for an interesting bull opportunity for a trend continuation idea back up to our opportunite zone of 15400.00. Personally, we always enjoy showing a real essence of patience in the markets in waiting for price to come back into our ideal price level. Why would we want to have our orders filled at 15320.00 when we could potentially have them filled at 15200.00 instead right? This is our train of thought throughout all of our trading. Patience is a virtue!
OANDA:NAS100USDLong
by TheTradingRoom
SELL/ SHORT US30With Current Bearish sentiment and news in the markets, I am expecting the Dow Jones to buy to sell this week. Personally, I have two potential points pf interest in which I have In mind. #1 (YELLOW ARROW) I see that price pushed down to purge buy side liquidity. if we do buy, buy I expect price to rebalance and find equilibrium only to sell and fill the imbalance down at 34171. #2 (WHITE ARROW) I expect price to open gap down push up to grab liquidity only to sell and fill imbalance at 34171. My analysis will remain bearish on the over all week. Seasonalities also depict that we have created the yearly high.
FX:US30Short
by TATRADEZ