Essential and robust reasons for a bullish move: 1-RATE CUTS are coming soon! Everyone knows it, but big players want you to be a SELLER! ( THEY BUY). 2. The COT date confirms this! (Commercials are BUYERS! While non-commercials (poor trapped traders) are sellers). 3. Many strong support lines, levels, and patterns push the price up. ( Head and shoulder, two...
On 4h TF I think FXS hardly to breakout the resistance for this time Liquidity can happen, that's potential short with high risk Wait for next move
the chart is that of the 1 day vix abc rally is forming in VIX this would see the setup to under 12 PANIC CYCLE DECLINES 8 TO 13 TD . SEE XLU 13 DAYS
Based on the weekly market structure the following statements can be made: - Following the previous 3 week's trend, we are looking at a classic market maker dump&pump scheme. 1) price is dropping on Monday and thuesday. 2) On Wednesday price normally makes a fakeout to the downside, trapping breakout traders 3) Market makers pump prices to the opposite...
Following up on my idea yesterday Look at that~! Set up was BEAUTIFUL yesterday with shorts and bears over extended. And where do they find liquidity after the highs are broken? Nowhere but above 4011.
My prediction is that price will reverse upward from these lower levels. I've added an element in my algo to detect where price doesn't go in a given day. From backtesting and spending hours analyzing across multiple pairs, I can confidently say that price usually fulfills a set range before extending to lower or higher price levels. When it doesn't fulfill those...
Weird day today with NYSE VOLD up all day while NASDAQ VOLDQ down all day. Clearly shown by the big range indecision movements. Key level to watch for a potentially huge bull run - $4011 area, a breakout could trigger a significant bull run and catch shorts off-guard Any thoughts? $SPY $SPX $ES $QQQ $NAS $NQ
I see a lot of accumulated volume underneath large timeframe breakout levels.There are weekly breakouts,monthly,and the year being pushed down. Sellers are chasing it down and it has already broken past my first 2 levels. In the coming days or weeks, I'm looking for price to hit the rest of my levels before reversing to hit the chasers and breakouts. FX:AUDUSD
We're currently well above the VAH (blue dotted line). BTC has failed multiple times to break through the top of the horizontal channel. These are signs of weakness. What's more, on the above image, you can see a wick above the channel on high volume, which means a lot of longs have opened at the top. Right after, we see a rejection on high volume. This means...
When trading most of us entry our trades TOO EARLY. Ofcouse we don't want to miss the opportunity to make money. This is one of us basic fear and its called "fear of missing out" Everybody knows this fear but we still feel it. And it is not just trading. You feel it when your friends go out and they did not invite so you feel miserable and left out. So its natural...
It can be tough sometimes to play ER, but I commend those who have the nerves to consistently play ER's. We know prices can go either way when dealing with earnings. A company can beat on ER and gap down, a company can miss on earnings & gap up. Sometimes it feels like playing the lottery with ER plays. There are some things you can notate before you play an...
The impulse breakout from the morning announcement has a bullish imbalance within it. As soon as the imbalance is filled on the footprint, we can proceed to buy into the trapped buyer zone. Updates to follow Alkalites! Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto,...
Do not rush Bitcoin is still in the downtrend channel. There will be better times for long-term entry. In the daily time frame, the market trend may be positive for a few days. But keep in mind that the overall market trend is currently declining and Bitcoin and the market as a whole are trapped
Let the image speak for yourself... ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you enjoyed this post and agree with me, a like and a sub would be very nice : ) If you have any other ideas or simply disagree,...
let's try to be the trap some traders on 1INCH, we could try to enter below the last two relative lows where lots of traders have their stops. In that spot we are facing also a pretty cool demand zone so I am expecting some serious reaction, the risk-reward 1:5 is nice and it's worth a try
This is a very classic setup on SQ. Buying off daily 200 on a double bottom. And in the last 3 bars it was a perfect breakout. Nice close today. Nice increasing volume on the long bearish dip in Oct 4th meaning people are trapped. Nice 1.4 risk/reward ratio. But the experienced trader inside me is yelling and saying I should buy the stop of this classic setup....
I was looking at this earlier as a potential double bottom with bullish divergence and was looking to take a position after the sessions opened but after a few hours of waiting and letting the trading of this asset go on during the sessions i have not seen anything that would signal immediate bullishness. I think that this "Double Bottom" Has potential to trap...
Price tried to break lower but got reversed & broke higher. This has trapped a bunch of seller. When they exit, it'll create a bullish trade idea. We can trade along!