Support and Resistance
FORECAST UPDATES: How Are We Doing? Were We Accurate?Tuesday Dec. 10, 2024.
Here are the updates to the Weekly Forex Forecast posted Saturday. We'll see if the forecasts were right on point and working out... or if we were just plain wrong.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Tesla(TSLA) 4h technical analysis- Support Resistance Trend LineIndicator settings and test on Tesla (TSLA) 4h chart
Indicator: Support Resistance Trend Line (SRTL)
Indicator link:
Chart analysis and drawing important areas is a time-consuming task that requires constant review and modification and updating to match the current market conditions and the selected timeframe, which will inevitably be accompanied by inadvertent mistakes.
This indicator automatically draws and updates the important areas of technical analysis (Support-Resistance, Demand-Supply, Trend lines, ). So you do not need to spend time analyzing the chart and updating it, and all these items will be drawn for you with high accuracy, and you can easily move quickly through all the symbols and timeframes you want, and the necessary and up-to-date information will always be at your disposal, and all you need to do is focus on managing your capital based on your personal strategy.
Features:
Drawing current trend lines and the last broken trend lines
Drawing support and resistance (supply and demand) areas along with showing the strength of the area compared to other areas
Drawing price compression areas
Drawing range areas
Drawing pivot moving average area
Sending notifications for important events such as the formation of a new trend line, breaking a trend line, breaking a support or resistance area, exiting accumulation areas, entering or exiting the pivot moving average area.
#indicators #trade #technicalanalysis #support_resistance #trendline #demand_suply
The RBA just made a small (but big) change to their statementThe RBA held rates at 4.35% as expected, but there were several changes to their December statement which warrant a closer look. I highlight the key differences to the November statement and provide my interpretation of what it means for the RBA's policy as we head into next year, then look at AUD/USD.
MS
This is why AUD/USD bears need to watch USD/CNHBets are back on for the RBA to cut, with markets having now fully priced in three 25bp cuts beginning in April. Weak GDP was the culprit, which leaves the Aussie susceptible to further weakness should incoming data continue to deteriorate. However, Aussie bears may also need to factor the yuan into the equation.
Does the Canadian dollar have a bullish surprise up its sleeve?This is the question I am asking myself as we head into 2025. CAD has been the weakest major for some time now based on the BOC's easing cycle, and we saw a record level of net-short exposure against it in August, and another surge of shorts in November. This strikes me as a stale trade that is vulnerable to a shakeout, and it might not require a particularly large catalyst for CAD bears to capitulate and send USD/CAD lower.
MS
MAT - Short/Long Term trade opportunityI like this chart and this company - I don't believe toys are going anywhere and they've proven that with consistently strong sales.
Looking to continue adding to my position here at known demand levels like we hit today and to take some profits in the $21-$24 range in the near future
Happy Trading :)
Overview of recent trade opportunitiesLots of opportunity to make $ in this market - just take a look at REAL which I've been preaching for about 2 years now.
Some of the companies I highlight here:
GOOGL, RBLX, CELH, DPZ, ASTS, LUNR, SHIBA
Many more opportunities coming - I hope to be settled in after my move in the next few days and will be back with further analysis videos and trade ideas then!
Happy Trading all :)
ETH All Time High is NOT YET IN A fractal, a Fibonacci pattern, and Crypto logic tells me that the Ethereum all time high is still coming.
This could take some time - but the month of December seems likely as this is a period of euphoria around the world, and BTC is notoriously bullish over Decembers. Ultimately, it all depend son how long BTC can hold and trade range - This is when altcoins continue to rally.
What we need to monitor closely now, is the BTC market cap (to watch the liquidity) and the Bitcoin Dominance Chart. A hard drop in BTC.D signifies the "beginning of the end" for the BTC bull cycle, but also the last impulse of Altseason.
More on that HERE:
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BINANCE:BTCUSDT BINANCE:ETHUSDT
GOLD consolidated all last week! Will we get a move this week?Waiting for price to break outside of value so that we can get a clear direction. Price did not much move waiting for NFP news for the week. And when the news finally happened it did nothing. So we will sit on our hands until price tells us what it would like to do. I am over all bullish and looking for bullish entries. But I also do not want to stick to firm to my bias so if it drops we will hold off and allow price to tell us what it wants to do.
GBPUSD | "Cable" Weekly Forex Forecast: Bearish! Sell The -FVG!GBPUSD is weak, and has currently retraced into a Daily Imbalance, overlapped by a Weekly Imbalance. It is from this point of Internal Range Liquidity that I expect price to seek the next External Range Liquidity, down at the low, @1.2487. This will be the draw on liquidity for the upcoming week, imo.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
US DOLLAR Weekly Forex Forecast: Look For BUYS This Week!USD INDEX is bullish for the short term... but bearish in the longer term. This week will have
opportunities for short term long positions. Just be mindful not to swing for home runs! The larger pullback seems to have started, so the bears are coming!
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
BITCOIN, next move into classic Wycoff or will the bubble burst?The Market Monkey Team takes a look at BITCOIN for December 6-7 2024.
The strong bullish breakout for #BITCOIN breaking through the $100 000 suggests some more bullishness in the short term, but likely to go into longer term distribution and selling in 2025.
Watch video to view our analysis of #BITCOIN
Cheers
MM Team
- Money see, money do
Weekly Forex Forecast: SP500, NAS, DOW ... Wait For BUYS!The equity markets closed the month with all time highs. Next week, there should be some
carry over. The week may open bearish in the short term, but I believe longs will be the ticket to ride!
* I will consider longs in SP500 and DOW before buying the NASDAQ, as it is weaker. There, I would take valid sells before I short SP500 or DOW JONES.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.