Gold has been in a range for almost two weeks with price bouncing back and forth between 1867 and 1829 (about 37 points). I think that the NFP report will bring in volume to push price out from this major range and could possibly continue the bullish trend on the daily TF. As long as the level of support holds around 1843 or 1838, we could see more bullish...
POST FOMC MINUTES: 0DTE Credit Spreads, Long Trades, and LONG POSITIONS We must start with the TRENDLINE BREAKOUT that has been on our charts for weeks, and with the FOMC news behind us, the question for Thursday Premarket is do we reverse and drop during the Opening Range (OR) as we have seen so many times post FOMC. THURS: We got our answer pretty quick...
WED Analysis - the LOOK & FAIL followed by the BREAKOUT WED was a huge day, with the looming FOMC Minutes Release at the 1400 hour mark. We have broken the week down to provide insight into HOW & WHY we trade $SPY - both our ENTRIES & EXITS. WED- RANGE Morning between the WHITE LEVELS (SUPPLY & DEMAND ZONES) Textbook LOOK & FAIL from 10:15-11:15 and the ONLY...
Last week, we provided a SPY Channel/Trend Analysis for the upcoming week. This weekend, we will break the week down into 2 segments: 1) the move to challenge the upper channel & 2) the $SPY channel/trendline break. In doing this, we will keep the 2 basic Channels/Trendlines on the chart, and overlay them with our Intraday Levels from our algo. This provides a...
Just a follow up/review from last weekend's analysis on $SPY and a big part of our success is having a plan & knowing what to expect before it happens. Just from the 2 basic Channels (using simple trendlines), you can see SPY was GREEN all 5 days last week. Spy hit the Intermediate Trendline last Friday (5/20) and bounced off there for an expected return to...
Another week of writing successful Credit Spreads on $SPX...almost 49% NET Returns YTD
Looking at Apple on the Weekly we have two accumulation phrases followed by distribution phrase from wyckoff Pattern, that lead to a 7 week Decline from 182 ATH into Previous Range where demand was filling orders for the next move. Where shall she go next?
Here are the past 7 weeks of PVI Volatility Ranges for SPX . The Ranges are computed every weekend from a myriad of data points and ratios (Index, Volatility variations, SKEW, HV, IV, etc...) We compute the ranges on the weekend, along with our roadmap & Game Plan for the week ahead. Some of us enter their first tranche on Sunday nights or early Monday (depending...
BINANCE:ETHUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $ETH has broken below the S/R zone and if we get the retest into the S/R zone, Then it'll be a great opportunity to locate our Short into it... Based on that, I wanted to point out that...
BINANCE:ALICEUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $ALICE has a breakout on $2.96's resistance and holds above the broken line and it causes the line to change from resistance into the S/R line. But It didn't take much time and got...
Price has been making its retracement from the low that was previously created on the higher timeframe and is currently in a range. Even though we are currently in a range there is a scalping opportunity for both sells and buys. If price breaks and closes below 32550 it can continue bearish until 32370. If price begins to reject the EMAs, we can continue the...
AUDCHF has been stuck on a range for several weeks. The price recently rejected the weekly support strongly and is approaching the pivot point. Expect a small pullback before resuming the rise towards resistance level 0.70200.
1. Price closed above structure but was rejected by the level of resistance to the left. 2. If the next 30m candle closes bullish we can continue to go bullish to fill the range until the next level of resistance 3. If the candle closes within the range, price could consolidate and get choppy. 4. Sells would only be taken if price begins to break the lows
Price has been trending bearish so this move up can be a fakeout. We need to see a break and close of resistance to see a confirmation to buy. Hopefully market volume open can provide enough volume to see a bullish continuation
BINANCE:BTCUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! Recently we called a Short position on $40350 and it turns out with a great result! Now $BTC has pulled back from the Range's Low And it has reached the Range's mid. Based on our data,...
Spy ranges - 15 min 5 min chart showing bearish divergence with RSI indicator, watch for deviations
BYBIT:NEARUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $NEAR has formed a wide range channel which has held the pair for 25 days. Now it has gained bullish momentum once again as it's broken above the range's mid! But so; As we all know,...
Looking at BTCUSD on the Weekly TF (LOG) It was apparent that LT Trend touch attempts were made by the Bears after ATH levels had been locked in. With the current Weekly Bear Flag formed within the current Ascending Range, I am questioning whether another LT Trend retrace is in play. Noted there is some strong Support to break and hold BUT as former ATH (20k...