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Weeklyforecast

🌟📈 Weekly Chart Technical Analysis for IWM! 📊💼Let's delve into the fascinating world of IWM and explore its weekly chart. Get ready for valuable insights and potential trading opportunities. 🚀📈 🔄 Cycle Analysis: By analyzing the cycles, we've identified a cycle period of 48 weeks for IWM. Interestingly, we've divided each 48-week cycle into three distinct parts, allowing us to pinpoint key moments within the market's trajectory. Let's dive into the current cycle! 🔄📆 📈 Uptrend at 1/3 of the Cycle: In this new cycle, IWM finds itself right at the 1/3 mark. It successfully broke out of the key resistance level at 190.8 back in December 2023, and this level has been retested, confirming its significance. As a result, we believe IWM is currently experiencing an uptrend. 💪📈 📉✅ Key Levels and Price Range: Based on our analysis, we anticipate that over the next 32 weeks, IWM will remain within a price range of 203.54 to 228.70. Notably, the upper end of this range, 228.70, is closely aligned with the high reached in November 2021. Additionally, there is a Supply Zone located at 235.50, making this area a crucial zone to monitor. 📉🎯🔍 🔄🔎 Retracement Entry Opportunities: For traders seeking a long entry, we recommend focusing on retracements within smaller timeframes, such as the H4 or daily chart. These retracements can provide favorable entry points with a potential profit of 12% and a risk-reward ratio of more than 2 to 1. This presents an enticing opportunity for mid-term investments. 🔄💼💰 📚🔍 Conduct Your Own Study: As always, it's crucial to emphasize the importance of conducting your own research and analysis before making any investment decisions. Stay informed, stay vigilant, and make well-informed choices based on a comprehensive understanding of the market. Knowledge is power! 📚💡💼 Embrace the insights, seize the potential within IWM's weekly chart, and consider the captivating opportunities it presents. Remember, trading carries risks, so always exercise caution and diligence. Let's make the most of these chances and aim for profitable investments! 💪💼💹 #IWM #WeeklyChartAnalysis #UptrendForecast #RetracementEntryOpportunity #MidTermInvestment 📈🔍💱
AMEX:IWMLong
by ICT_Trader_SB
👀WEEKLY OUTLOOK Jan, 29 - Feb, 2👀Let's see how the price developed during previous week, compare with previous outlook and think what's possible during next week ☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment.
by Yelli_trades
1
DXY ( USD Index ) Weekly Outlook.... BEARISHMay profits be upon you. DXY is now consolidating in between a bullish FVG and an bearish FVG. But it has been bearish, with downward momentum. I suspect it will continue this way, as price has found INTERNAL LQ in the bearish FVG, and is now seeking the EXTERNAL LQ at the lows. I believe the low at 100.320 is the DOL (Draw On Liquidity). Leave a comment, as I like to receive feedback from viewers! Thank you. May profits be upon you.
ICEUS:DX1!Short
by RT_Money
EURO Futures (EURUSD) Weekly Outlook... BULLISH1. Daily Swing structure is bearish, after this clear break of market structure. 2. The internal structure is bullish, as price pulls back into premium. The reaction to supply is significant. It potentially indicates the end of the retracement, and price now seeking external LQ at the swing low. 3. I am monitoring the FVG above closely. Should price trade through it, it would indicate price has bearish momentum, and strengthening the idea that the pullback is over. Should this bullish PD Array hold, price could potentially make a HH, and head to the premium old high.
CME_MINI:M6E1!Long
by RT_Money
For Week 2023/11/20-24, A slight bearish move for XAUUSDConsidering the relatively muted weekend activity and the ongoing weakening of the USD, it's reasonable to anticipate a slight bearish correction for XAUUSD in the coming week. The absence of a significant weekend push and the prevailing market conditions suggest the potential for downward movement. However, it is essential to closely monitor any shifts in global factors, market sentiment, and economic indicators, as these could influence the trajectory of XAUUSD.
PEPPERSTONE:XAUUSDShort
by sharpie0319
XAUUSD POSSIBLE MOVE WEEKLY CHART The US Dollar maintained its positive tone throughout the first half of the day but changed course after the American opening. As a result, XAU/USD bounced from a fresh weekly low of $1,944.71 to trade above the $1,960 mark. Financial markets maintain cautious optimism amid hopes central banks are done with monetary tightening, despite policymakers insisting on keeping the door open for additional rate hikes. Richmond Federal Reserve Bank President Thomas Barkin delivered some encouraging words on Thursday, as he said the economy is “remarkably” healthy, noting real progress on inflation. He also added that the job is not yet done, as inflation remains high. Finally, he said that any downturn might be less severe than in past recessions and that the labor market is now more balanced. In a separate event, Atlanta Fed President Raphael Bostic reiterated that the full effects of the recent policy are yet to be seen. Later in the day, US Fed Chairman Jerome Powell will participate in a panel discussion titled “Monetary Challenges in a Global Economy” at the International Monetary Fund (IMF) and could comment on monetary policy.
OANDA:XAUUSDLong
by FxJack17
Gold weekly forecast 23-27.10After two strong weeks, gold may slow down, starting with a retracement. The most likely scenario is that the price will go down, break the channel and fool the traders with a false breakout. But the price broke very strong reaction are, which we will observe later. I do not think gold will break the 4H manipulation that I have marked, but most likely it will use this area as support to continue higher. We will take a closer look at the price action to see what we can expect. Macroeconomics J.P. delivered a hawkish speech, warning of higher interest rates. This could lead to at least temporary bearish movements in gold. The war with Israel is still very active. We have seen gold rally aggressively with the start of this war. Employment is falling, or more accurately, it is not moving. Last reading of unemployment rate was unchanged. Which gives room for the FED to go further with IR. The latest CPI showed that inflation is still high, most likely because of oil prices. Although the core CPI showed a significant drop in inflation, it seems to me that this was not enough evidence for the FED. There are definitely bearish factors with the hawkish stance, but the war is a geopolitical risk, that does not happen very often. In my opinion, this risk will push the "safe haven" metal higher. Top-Down Analysis Monthly Gold is forming a very strong bullish manipulation. If this month closes as such a strong FU, we can be sure that the all-time high will be broken. Weekly Gold has just broken through a strong weekly manipulation area. Most likely, the price will come back for a retracement and continue on its bullish path. Daily I would say that gold is now in the daily reaction area where it has often ranged in the past. That makes, this week we may see a sideways price action. Benchmark Although the price action has been very strong and gold has been strong against other currencies, the benchmark indices are showing underlying weakness. This should give us a clue that we may see sideways price action this week. COT Reports Last week the pros were bearish, but it seems they have already sync with the banks. US Yields Yields are rising, but so is gold. It tells us that the big players are probably buying because of the war. XAUUSD vs GDX I do not like this divergence. History has shown that we should be cautious when there is such a divergence. BUT last year, during the strong rally in Gold I, such phenomena also happened. Gold vs Silver Silver is also very bullish but has failed to break through the highs. These two could form a SMT divergence, suggesting at least a slowdown in the current rally. Elliot Wave I am not sure if this is the right count as the extension is larger than normal, but for now I will focus on the bullish count. Volume Spread Analysis - Wyckoff patterns The volume on the recent low was large and did not suggest a reversal. Nevertheless, the war came and the economic events pushed gold higher. The current price action appears to be an accumulation - a classic Wyckoff pattern. Momentum We saw what happened last time when the price reached the band and became oversold. Right now gold is at the top of the band. The RSI has entered the overbought zone.
FOREXCOM:XAUUSDLong
by SerpentForexClub
2