Silver has sold off aggressively the last few days. You can see that the price is now right near an ascending trend line. If this trend line holds, then we can expect a bouce upward soon. The trend line is not quite touched. Maybe price will drop a further 50 cents or dollar to touch it?
Nasdaq Futures are range-bound. We have a Non-Farm payroll report coming in tomorrow. My bias is on the upside for tomorrow. Lets see what happens. Either ways we have to be ready for both sides which ever way the markets digest the data. Do not trade for the first hour for tomorrow since it will be volatile.
August's silver monthly candle completed as a pinbar. This "hammer" gets triggered as a buy signal only if the price moves ABOVE the top of the pinbar by a few cents, or around 25.50 for the December contract. Some traders may buy early by going to the lower time frames of daily or 4 hours and looking for a buy entry midpoint between the close and the bottom which...
As you can see, gold in severly oversold. It has an very low RSI turning up, and finally a green candle forming after many red downward candles. Looks likely it will bottom around this area and probably head back up to the previous support level which is around 1913. Of course, it could go up only a little and make another lower dip, but I doubt it.
Silver seems to be bottoming on daily chart. You have a pinbar candle, a way oversold RSI. A reasonable up day/green candle close should be a buy signal in my book.
Recap Yesterday played out almost perfectly in ES. We had a big short squeeze after a final overnight flush, confirming our plan from the previous day. The final flush hit the 4230s, it defended, and then we saw a large squeeze to the 4304-08 final target. Today, we backtested the big multi-month support zone and ES put in a good green day with a large wick. The...
it is what it is. the points from the peak to Zero is enough to cover the shorts at unthinkable LOWSS
In the areas where we can give more importance to buying, the price can be 0.009 dollars, which can climb up to the price ceiling of 0.0145 dollars.
Nasdaq 100 futures is currently on support Expecting a little bounce here If support breaks, then next line of defence is a thousand points lower Markets look weak
Recap The past week saw multiple failed breakdowns in the S&P futures market, with each day since last Wednesday offering actionable trading opportunities. Yesterday's traditional failed breakdown, following a significant low and substantial sell-off, resulted in a rally to 4335. However, the subsequent sell-off highlights the importance of level to level profit...
In my latest installment of the repeating Sentiment chart, we get a front row seat on how trader sentiment ebbs and flows with price action. Once we hit the target of 4172-4180, that will be a function of the bearish thesis getting aggressive. A complete unwinding of the utter junk spewed on CNBC a month ago. New highs possible? Soft landing? The magnificent...
WTI is testing a key horizontal support. The price formed a tiny double bottom on that on an hourly time frame and violated its neckline, giving us a nice bullish confirmation. I expect a pullback from the underlined blue area to 0.894 / 0.900 ❤️Please, support my work with like, thank you!❤️
🆓🚦📌 #dyor 💰 Position size :: 1% 💱 Leverage :: cross ➖ 2-5x 🪙 $JASMY-USDT 📌 🔰 #futuretrade :: 2-6X ↗️ ......🌴 #BUY :: $0.003435 - $0.003632 🎯 :: $0.003969 :: $0.004131 :: $0.004200 Stop 🛑 lose #SL :: $0.003379 🚏 📌 always move stop lose #sl when target get reached 📌 #risk :: too high 🔥#scalping #explanation 👉 Provided based on...
Short 2.930 Target 1: 2.860 Target 2: <2.78 Stop: 2.978 Elliotwave: Starting Wave 3 of (3)
Two important levels for ES this week. 4300 and 4350. On the hourly chart the downtrend is still at play, but we have put in two higher highs, and three higher lows, which could be indicating a trend reversal to the upside. But taking any long position into 4350 is extremely risky, until we can clear it. Also pictured is ES's 10k tick chart, which typically is a...
Hello There! Welcome to my new analysis of GAS FUTURES from the weekly timeframe perspectives. Since events of the last year 2022 pumped the GAS FUTURES with an inflationary demand shock to unnatural new highs it heavily reversed this dynamic and GAS FUTURES converted into a massive sell-out with a hugely inclined bear-market supply-dynamic that printed several...
So I am planning to pivot to futures. This is what I am watching on the Micro E mini SP500. The weekly chart is showing a possible bounce from the overall trendline. Not only that, price is forming a falling wedge and a nicely lower wicked candle indicating that buyers may be stepping in at this intermediate support level (Blue zone). To add more confluence to...
Ethereum is testing the local ascending support Looking for a leg down if we break downside targets 1919 , 1917 , 1915 , 1900