SP:SPX potentially created a top and is starting to head lower for the next months. We have patterns, cycles and market structure and if everything is lining up nicely, there is a high chance you will be right. The S&P500 is currently retesting a major multi-year resistance trendling, is starting to shift bearish on the smaller timeframes and just rallied +50%...
BITSTAMP:XRPUSD is again rejecting the triangle formation - time for a bullish breakout! Just one month ago, I told you that XrpUsd is preparing a bullish rejection and a triangle breakout followed by an insane bull-market. So far this is playing out exactly as predicted and XrpUsd is outperforming 95% of all other cryptocurrencies. Please just listen to me...
Good day traders, It's been a while, and I trust everyone has been doing great. Permit me to share my thoughts on the Gold market and the potentially unfolding patterns I am anticipating. In the current gold market, I have identified two potential harmonic patterns that may be unfolding. The first and larger pattern is a potential bullish Gartley pattern. The X...
1. Daily Trendline Description: The yellow trendline running across the chart represents the overall upward trend on the daily timeframe. It shows that despite the recent fluctuations, the long-term trend has been bullish. Significance: This trendline serves as a dynamic support level. Traders often look for price action around this trendline to gauge the...
NASDAQ:GOOGL might retest the previous breakout level before continuing the uptrend. The entire chart of Alphabet (Google) is green, yet I do expect a (short term) move lower first. For almost a decade, Alphabet has been retesting and respecting a major support trendline before then breaking out of the ascending triangle formation just a couple of months ago....
CRYPTO:DOGEUSD is looking so bullish, Cycles, breakouts, sentiment and market structure. Dogecoin is combining all four of these bullish aspects and is preparing for a major move higher. After Dogecoin finally broke out of the triangle a couple of months ago, we already saw a rally of +250%. This is simply the starting of the next major crypto bullrun which...
Technical Breakdown for XAUUSD Impulsive Move and Correction: The price made an impulsive move upwards, indicating strong bullish momentum initially. After reaching the peak, the price began to form a correction pattern, which typically suggests that the trend might continue in the same direction after the correction is complete. Descending Channel: Within the...
Technical Breakdown of XAUUSD Correctively Reached HTF Structure: The price has reached a higher time frame (HTF) structure through a corrective movement. This structure serves as a significant resistance level observed on higher time frames. Impulsively Got Here: Following the corrective phase, the price made an impulsive move upward, indicating strong buying...
Hey Traders, welcome back to my channel! 🚀 Today, we're diving deep into the latest XAUUSD analysis, and trust me, you don't want to miss this one. With gold prices poised for a significant move, understanding these key levels could make all the difference in your trading strategy. Let's get started with the 1-hour chart (shown below). 📊 Chart 1: XAUUSD 1-Hour...
Chart 1: XAUUSD 15-Minute Chart (July 19, 2024) Key Levels: Support: The chart shows a key support level around 2,415, highlighted by the blue horizontal line. Resistance: There is a resistance level near 2,457.920, labeled as "5M LQZ." Patterns: Descending Triangle: A descending triangle pattern is forming, which is typically a bearish continuation...
4-Hour Chart Analysis Trend Identification: Higher Highs (HH): The chart shows a consistent formation of higher highs (HH) which indicates an overall uptrend. Higher Lows (HL): The chart also demonstrates higher lows (HL), further confirming the uptrend. Key Levels: Resistance Levels: Around 2,480 and above are marked by HH. Support Levels: 2,429.42 (1HR LQZ /...
4-Hour Chart Analysis Trend Identification: Higher Highs (HH): The chart shows a consistent formation of higher highs (HH) which indicates an overall uptrend. Higher Lows (HL): The chart also demonstrates higher lows (HL), further confirming the uptrend. Key Levels: Resistance Levels: Around 2,480 and above are marked by HH. Support Levels: 2,429.42 (1HR LQZ /...
Key Levels and Patterns: Higher Highs (HH) and Higher Lows (HL): The chart shows a series of higher highs (HH) and higher lows (HL), indicating an overall uptrend. This pattern suggests that the bullish momentum is still in play. Ascending Channel: There is a well-defined ascending channel where the price has been moving upwards within parallel trendlines. This...
Trade Update: XAUUSD Analysis Date: July 17, 2024 In our previous post and video, we discussed how to approach XAUUSD given the current market conditions. Let's dive into the latest developments and analyze the chart for further insights. Key Observations: Break Above HTF Trendline: We observed a significant break above the Higher Time Frame (HTF) trendline....
Technical Analysis Overview of DXY (U.S. Dollar Index) on 4-Hour Time Frame: Crucial Structure Point: The DXY is currently at a significant structural level, which could determine its next major move. Key Levels: Weekly LQZ: 108.007 Daily LQZ: 106.524 Daily LQZ: 101.908 Missed LQZ: 100.552 Current Price Action: The price is hovering around 104.283, a critical...
4-Hour Time Frame Analysis: Higher Highs (HH) and Higher Lows (HL): The chart displays a clear upward trend with higher highs and higher lows. This indicates a bullish market structure. Ascending Channel: The price is moving within an ascending channel, showing a steady increase in value. Key Levels: 1-Hour LQZ / Reversal: 2429.940 4-Hour LQZ / Reversal Point:...
In XAUUSD pattern was changed to a Triangle. Next Target is the Triangle Top, with the price around $2345. It is Essential to follow the Trend Continuation Technique. Otherwise if break below the Triangle, exit the position.
Unlock the Secrets: Is GOLD the Ultimate Trade Today? In this episode, I dive into the current conditions of the gold market, providing a comprehensive breakdown on how to form an objective opinion. Drawing inspiration from "Market Wizards" and "Trading in the Zone," I share insights from legendary traders who emphasize the importance of patience and discipline...