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A Follow up to: “Adjustments for Better Readings & VSA vs BTC"When a trend approaches its end, we typically observe the formation of a buying or selling climax. That was certainly the case during Wyckoff’s era. Everything he described—market manipulation, signals, footprints—remains relevant today. But you know what that also means: if it's out there, it’s old news. Yes, this is still happening, but we need to acknowledge that this information is no longer exclusive. And when a method becomes well-known—especially among retail traders—it can be used against them. Wyckoff himself hinted at this: the manipulators can and do use these same technical patterns to deceive. His real message? “Keep an open mind.” 📉 In our current BTC chart, we’re seeing a textbook example of potential manipulation. A selling climax is visible—normally a sign of trend exhaustion and a bullish reversal. But is that really the case here? Did the downtrend truly end? On the 1-Hour timeframe, both the RSI and volume indicators suggest otherwise: a bearish continuation seems more likely. 🧱 We're also witnessing a real-time formation of a Double Top pattern, taking shape since June 6. Measured by body candle spreads (excluding wicks), we observe four touches within a key price rectangle. These align with a known candlestick pattern: the Tweezer Top, commonly associated with bearish reversals. What’s more, all of this is happening within a supply zone—actually three marked zones on the chart. The most recent zone shows signs of offloading pressure, amplified by both the Double Top and bearish candlestick formations. And I haven’t even touched on the rejection wicks or how bearish volume spikes are gaining strength. That’s where the principle of Effort vs. Result comes in—remember, nothing in the market is free. 📊 In line with our past two posts, note how price action (PA) shows equal highs while RSI diverges, reinforcing earlier signals. The signs are stacking up. So, the critical question now is: Are we heading below the $100.718 level for a confirmed Head & Shoulders pattern? Or is this just a retest before another move? If this way of reading the market resonates with you and you want to go deeper—whether it’s building confidence or spotting signals before they play out—I work with a small circle of traders sharing TA privately on a daily basis. Feel free to reach out. Till next time be well and trade wisely!
by WhatComes21
4
Adjustments for Better ReadingsMany traders rely on technical indicators to identify opportunities for profit—that's the whole point of this game. Whether it’s scalping, day trading, swing trading, or shorting the market, most trading decisions are based on indicator readings—be it a single indicator or a combination of several. But here’s the truth: not all traders truly understand what an indicator is. They don’t grasp its nature—let alone the fact that this nature can be adjusted. Those who don’t understand how or why an indicator works often find themselves in stressful and uncomfortable situations. It’s no coincidence that we often hear the common phrase: “Only 1% of all traders succeed, while 80% blow their accounts, and the remaining 19% barely break even.” Why? Because the elite traders understand something most don’t: Whether an indicator is leading or lagging, it can be customized to behave differently across different timeframes. These adjustments can be found in the settings section of every indicator. Let’s take the Relative Strength Index (RSI), which I’ve mentioned in previous ideas. Some of you may have noticed that my RSI plot looks different from yours. That’s because I don’t use the default 14-period RSI, which averages out the last 14 candles. RSI is naturally lagging by default—but that doesn’t mean it can’t be trusted. In fact, with the right adjustments, that lagging nature can become leading. Learn how to do this. Push yourself. Educate your mind. Master this, and you might just find yourself among the top 1%. Markets react to signals—signals that are often hidden in plain sight, created by the big players who always leave behind footprints. This is the trader’s true skill: seeing the whole picture. A good friend once told me: Be a detective. Now let’s go to the chart. We clearly see a bearish strength unfolding. Not only is the 9-period RSI plot trending below the yellow 28-period Weighted Moving Average (WMA), but we also observe a healthy continuation of the downtrend, confirmed by the WMA itself. Using a 9-period RSI gives faster signals, while the 28 WMA offers smoother confirmations. This combo is applied on the daily timeframe—but every timeframe has its own ideal settings. Now, when the RSI plot trends above the WMA, this can act as a potential reversal signal or even a confirmation of a trend change, depending on the broader market structure and volume context. It's not just about the crossover—it’s about what follows next. That’s where the detective work begins. What do we see today? Looking solely at the daily timeframe, the downtrend seems far from over. But to analyze it professionally, we must wait for the candle of Friday, June 6th, 2025 to close. Switching to the lower timeframes, we see something interesting—a sort of bullish dominance unfolding during this incomplete trading day. But the real question is: Is it actual dominance? Let’s break it down: We have a clearly formed Head & Shoulders pattern. The bearish Marubozu candle from June 5th made a new lower low (LL). But—it did not close below the key swing low at 100.718. Therefore, the Head & Shoulders pattern is not confirmed—it hasn’t broken and closed below that swing level. So what’s happening in the lower timeframes? In the 4-hour timeframe, we’re seeing a real-time crossover above the WMA (though the session isn’t closed yet). In the 1-hour timeframe, the crossover has already occurred. Now, such a crossover—where the RSI plot moves above the WMA—can often act as an early signal for a reversal, or at the very least, indicate a strong pullback. But don’t take it at face value—context is king. This is why we pair it with other signals like divergence, price action, and volume behavior for confirmation. Across the 4H, 3H, and 1H timeframes, we’re observing this bullish pullback, yet it’s accompanied by an RSI Hidden Bearish Divergence (see: Macro Noise vs Micro Truth: The Art of Hidden Divergences). Is this pullback a true reversal? According to Volume Spread Analysis (VSA) (read: VSA vs BTC: Into a Bearish Scenario or Not?), a new narrative is emerging—but not without contradiction. Price is climbing, yes. But bullish volume spikes are declining, supporting our RSI hidden divergence. This volume-price disagreement is a clue. What will reveal the truth? Today's closing candle. If price action (PA) creates a higher high (HH) but RSI creates a lower high (LH) → Bearish Divergence If RSI makes a HH but PA creates a LH → Hidden Bearish Divergence And for those of you who truly understand market structure: The 100.718 level was a buy opportunity to secure profits. If you caught that—congratulations. You’ve done your homework. Now, you can sit back, relaxed, and wait for the next signal. The market is a breathing organism. If you’re in sync with it—you’ll feel it. And for those who believe there’s more to learn—but are struggling to find answers—there’s no shame in asking questions. Till next time, take care—and trade wisely. P.S. RSI plot, WMA, candlestick patterns, and Volume Spread Analysis (VSA)—when combined and used properly—can become a powerful toolset. For those willing to go deeper, they’re more than enough.
by WhatComes21
2
The NASDAQ Fails to Break Out, Paving the Way for Lower PricesIt looked as though the Nasdaq 100 might break out last week, following a double boost from Nvidia’s surge after its results and news that a federal court had blocked US President Donald Trump’s tariffs. However, those hopes quickly faded, and the Nasdaq promptly reversed course. Now the index finds itself in a precarious position, as it appears to be preparing for a move lower. The first thing that stands out on the Nasdaq 100 chart is the rejection of the breakout attempt on 29 May. As a result, the Nasdaq may be forming a double top pattern. The pattern still requires confirmation, which would come from a decline below the neckline at 20,900. A break of the neckline could set the stage for a return to the 19,900–20,100 region. Additionally, the index has broken the uptrend that formed from the intraday lows on 7 April, with the rally on 29 May serving as a re-test of that trendline break. At the same time, momentum, as measured by the Relative Strength Index, has also reversed direction and is now trending lower, after having risen above 70, indicating the index had become overbought. This further strengthens the case that the Nasdaq is at some form of inflexion point. One might have thought that two positive news events on the same day would have been enough to generate the momentum needed to push the Nasdaq higher and trigger a breakout. However, the failure to do so raises serious questions about whether the index has the strength required to move higher from here. It now seems more likely that a change in trend is beginning to emerge, and if a double top is forming, a move lower appears increasingly probable. Written by Michael J. Kramer, founder of Mott Capital Management. Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
IG:NASDAQ
by cmcmarkets
S&P500: Top Within ReachThe S&P has recently continued its upward movement, climbing higher into the magenta-colored Short Target Zone between 5,880 and 6,166 points. Primarily, we expect the top of the current wave (X) in magenta within this price range, after which a downtrend should follow with wave (Y). This final phase of the magenta three-part movement should lead the index into the green Long Target Zone between 4,988 and 4,763 points, completing the overarching green wave there. A rise above the upper boundary of the Target Zone and a breach of resistance at 6,675 points would trigger our alternative scenario. 📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do.
CME_MINI:ES1!Short
by MarketIntel
NIFTY 1W forecast until August 2025India's stock market is correcting now. The correction will be short and not deep - just a normal retest of 24,500 but should not make a weekly close below 24,250 during the first half of June 2025. A major bullrun will start in the middle of June 2025. Slowly at first, but explosive during summer. It will find its top in August 2025 at the level of 27,800 Here I publish 1W charts, for weekly 1D charts check my profile for more ways to keep in touch
NSE:NIFTY
by discarding
SPY Will Keep Growing! Buy! Hello,Traders! SPY is trading in an uptrend And the index made a retest Of the key horizontal level Of 579$ from where we are Already seeing a bullish Rebound so as we are Bullish biased we will be Expecting a further Bullish move up Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
AMEX:SPYLong
by TopTradingSignals
5
US30 Locked & Loaded – Get In, Get Profit, Get Out!**💰 Market Heist Alert: US30 Setup 🔥** Yo Money Raiders & Chart Bandits! 🏴‍☠️📈 US30 is ripe for the taking, and we’re rollin’ in with the *Thief Trading Style*—a slick mix of sniper-level technicals and street-smart fundamentals. Whether it’s bull or bear, we strike fast, grab profit, and vanish! 💨💸 --- **🧠 The Blueprint – US30 Hit Plan** **📍 Entry Zones:** 🔹 **Bullish Strike 1**: Look for a pullback and **buy at 42400** – clean signal to enter the action! 🔹 **Bullish Strike 2**: Set your sights on **40900 - 40800**, inside the Institutional Buy Zone. Wait for an MA pullback, then hit it hard. Fortune favors the bold! ⚔️ 🔹 **Bearish Ambush**: If price breaks down below **41600**, it’s time to ride that bear wave 🐻💨 💡 **Pro Bandit Tip**: Set alerts on key levels so you never miss the moment! 🔔 --- **🛑 Stop Loss Defense:** Protect the stash! Use the **nearest 4H low** as your SL for day/swing trades. Tweak based on your risk level, lot size, and open positions. 🛡️ --- **🎯 Profit Targets – Take the Loot:** 💥 **Bullish Goal**: Lock in at **44200** – or escape early if momentum cools 😎 💥 **Bearish Goal**: Target **40600** – but don’t overstay if signs reverse 🚪 🚨 Watch out for overbought/oversold traps – this is where many fall. --- **⚠️ Risk Alert – News Incoming!** News events = wild moves. Handle with care: 📰 Avoid new entries during major news drops 📉 Use **trailing SL** to secure profits and manage risk like a pro Stay smart. Stay ready. This is a heist, not a gamble! 💼💣 --- **🚀 Boost the Thief Trading Movement!** If this setup hits your style, smash that **boost** and show love to the Thief Crew! 💪 We raid charts daily with precision, profit, and a bit of outlaw swagger. Let’s own the US30 together! 🤝💵 Stay sharp, alerts on, and eyes wide—more setups coming soon. Catch you in the green, bandits! 🤑🎉📊
CAPITALCOM:US30
by The-Thief
Can FTSE100 keep the momentum all the way to the all-time high?The FTSE:UKX bulls continue to show resilience and push the index higher. But the big question is, can we see a move all the way to the current all-time high? Let's dig in... MARKETSCOM:UK100 Let us know what you think in the comments below. Thank you. 77.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
FTSE:UKX
by Marketscom
DXY 1W Forecast until the end of MAY 2025Up-trend will resume and last until the end of February 2025 topping no higher than 114. Current bottom is in at 105.9 Hence, it shouldn't fall below. After February a consolidation period of 1,5 months will trap price action between the bottom of 122.16 and upper level of 114.9 The spring squeezed during consolidation will provide enough energy for further upwards movement starting in the end of April 2025. This will ignite a chain of devaluation of national currencies followed by epidemic inflation across the globe. This will finish/cool-down at DXY reaching the mark of 148. New reality after May 2025?
INDEX:DXY
by discarding