XAU - Are we about to break a 4-year resistance point?! Next stop could potentially be.. the moon?
Not sure if it's beginners luck or I have the magic touch - but are we about to see the first breakout of this blue horizontal channel going back to 2020?! This is my first time analyzing and really even looking at a chart of Gold and I'm psyched! I'd be honored to be a part of this breakout.
Special shout out to our friend Mohibullahstudent who, during my live stream today, persistently requested I cover Gold and though I was busy trading equities in a fast paced market, I did "promise" him I would do an analysis of Gold later on.. so this one's for you!
Now that I'm officially a "gold trader" I will continue to analyze this PA as it develops and especially if are able to break out of our teal controlled selling and retest the upper channel to continue to shake out sellers for the all important breakout.
Thanks to everyone who joined the live stream today, we had a lot of fun, and hope to see you all again tomorrow at 9:30 AM for another live stream where we will be trading and analyzing charts together.
Happy Trading :)
Flag
Tesla - Go Long NowHello Traders, welcome to today's analysis of Tesla.
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Explanation of my video analysis:
After the massive triangle breakout in 2020 and a rally of +1.500%, Tesla has been moving sideways for over two years now. Tesla stock is currently creating a triangle formation as well as a flag pattern. I am personally waiting for a clearer setup on Tesla before I will take longs - either a triangle breakout or a retest of the lower support of the flag mentioned in the analysis.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Ford - Daily Analysis and Why I love my job.. and this communityThank you to everyone who has followed, shown support of any kind with a boost or a message - I love doing this day in/day out and there's nothing I love more than people gaining from my experience and knowledge. So just a massive thank you to all who gain anything from my videos (and live streams) and I am excited to continue to build this community together with you all!
As for Ford, we could see our necessary buying algorithms being activated right now but will initially need to see orange more tapered acting as support and from there green stronger continuation holding price to break us out of yellow and magenta.
First things first, we need to break out of our current strong selling algorithm, Orange, in order to attempt a retest of yellow and magenta.
Please join me tomorrow at market open (9:30 AM EST) where I will be trading live on stream here on TradingView and taking trades, analyzing charts, and having fun with our awesome community.
As always, feel free to comment or DM me with any questions, thoughts, or requests of charts to analyze.
And most importantly (even though it's the weekend),
Happy Trading :)
PDD - We've seen this exact PA before! Making sense of itThis is no surprise to anyone who's been watching and understanding my analysis videos, specifically on PDD. Our strong controlled selling magenta algorithm took control of price and tapered purple did not act as resistance as bulls would have hoped. Rather, similarly to price action in the past, we found support on our blue tapered controlled buying whereas bears subsequently pushed price into a deeper liquidity build for bulls.
We will now be looking for magenta to continue to build liquidity with purple tapered to gain support of price in order for bulls to activate any sort of buying continuation.
When purple taper starts to control price, we can begin to look for bullish PA back into previous highs and there we can expect large and consistent gap moves upward.
Hope this was helpful and that you're all enjoying the weekend!
Please join me tomorrow at market open (9:30 AM EST) where I will be trading live on a stream here on TradingView and taking trades, analyzing charts, and having fun with our awesome community.
And as always,
Happy Trading :)
NXE - Good earnings could lead to big profitsI like this chart a lot. Definitely a few resistance zones to watch out for above us (i.e green top of green tapered buying channel that has bounced us a few times) but we are within our strong purple buying continuation channel which is exactly what is needed to take us out of this resistance level.
We are also digging at the bottom of our controlled selling yellow channel with support from purple and teal continuation - so with good earnings expectations this could be a good level to enter at.
As always, will keep you posted once news is released and price continues to develop!
Happy Trading :)
EURUAD potential sell updateas you guys can see euruad is playing out as planned ill make sure to put analysis i shared a hour or two ago to this description but now ill just waiting on a pull back for confirmation so ill just be watching closely because this move could happen really fast.
*EURAUD/SELL
EURAUD potential sellon the higher time frame EURAUD had been in a overall correction stage and im looking to get into sell after i see a good opportunity. On the lower time frames EURAUD market behavior is moving to the upside in a very slow and consilidating manner like a bearish flag so this is making me feel seller will take control later on during the week for sells.
Falling wedge | Bullish Flag | Swing | Trend lineGold weekly is in bull(Impulse wave already in move).
4H timeframe :: There is falling wedge pattern
Falling Wedge :: TP : 2091.10
SL : 2013.39
D timeframe :: There is a swing and bullish flag.
bullish flag :: TP : 2166.70
SL : 2013.39
Swing :: TP : 2133.75
SL : 2013.39
The CMP has taken support of 4H ascending trend line pattern.
BTC - MUST WATCH For Short Term TradersHi Traders, Investors and Speculators of Charts📈📉
As you know, we're trading in the opening moments of a new bullish cycle.
As we gradually make our way up towards a new ATH over the next few months, technical indicator tools will be crucial to help catch those perfect swing-trades.
Today's analysis is an absolute MUST watch for beginners- to intermediate-level traders. The important concepts in this video are all about why you can't watch the BTC chart alone, and which other charts you need to watch together with BTC as well as which indicators are great for short term trades, and how to use them TOGETHER.
Again, I'm "forced" to label this post as long but like I said yesterday, I wish there were some other options. I'm ultimately labeling it as "long" because we are in a bull market and corrections are just opportunities for swing trades. Shorting in a bull market is risky business and I am all about risk management in setups.
If you found this content helpful, please remember to hit like and subscribe so you never miss a moment in the markets.
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CryptoCheck
CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D BINANCE:BTCUSDT BITSTAMP:BTCUSD
ETH Flag Pattern: Quick Short then $2KHi Traders, Investors and Speculators of Charts📈📉
As you know, we're trading in the opening moments of a new bullish cycle. Often when quick increases happen, pullbacks and corrections are sure to follow, even during a bull market this is natural.
ETH formed a flag, and this gives the opportunity to take either a long or a short. Watch the video for a quick setup with conditions and an easy to understand explanation.
Remember, support and resistance zones are great to watch for possible long and short opportunities during brief pullbacks!
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CryptoCheck
BINANCE:ETHUSDT
$META: Strong EMA Hold & Bullish Confluence Pre-EarningsExamining NASDAQ:META , the stock showcased resilience with an inside hammer formation on a 3-1 count, complemented by a rise in volume. It's commendable how it stands firm above both its 9 & 50-day EMAs, indicating strong bullish sentiment. Of particular note, despite market pressure from AMEX:SPY and TVC:VIX , NASDAQ:META staunchly defended its support levels. This strength was further underscored by its position as the 3rd highest in options call flow. As we navigate through timeframes, the stock maintains an inside day-week-month pattern, suggesting a possible bullish trend continuity. The presence of a hammer and a bullish flag across these timeframes amplifies this sentiment. With earnings approaching later this month, traders should keep a keen eye on NASDAQ:META for potential breakouts and trade opportunities
Gold -> The 90% Probability SetupHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪
After the simpe monthly break and retest and also a retest of the 0.382 monthly fibonacci retracement Gold perfectly created the bullish continuation towards the upside and I do expect new all time highs on Gold in 2023.
Gold is also retesting the weekly support trendline of the very obvious rising channel and in confluence with bullish moving averages I do expect a bullish push from here.
Looking at the daily timeframe you can either be agressive and enter a position right now or you can wait for the confirmed inverted head and shoulders and a breakout of the daily bullflag and then this will be a very high probability setup overall.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset: