Going over the price action for the NFP report. looking for clues as to what the market is telling us. always remember we are risk managers. do your homework and go over all your trades this weekend. weekend is a time to refine your strategy and your mind.
For ES1! bears, I'm looking at a double-three correction from low of 4963.50, with an expanded flat Y, to complete below 5194.25. For the flat, 3 is shorter than 1, so 5 needs to finish below 5194.25. As such, this count is invalid with price above 5194.25. Price is currently between .5 and .618 Fibonacci price points on the correction, so bears are definitely...
Price heading towards 0.618 Fib before it start drop.to 4998 level
I was looking at /ES on the weekly because things were looking interesting on the lower time frame charts I spend more time on. Low and behold and this chart is looking like it could be setting up for much higher prices. The recent down move gave us some rebalancing off of the crazy run we have had since late last year and the last two weeks seem to be showing...
The situation in the Middle East has gradually stabilized, and the market's concerns about the escalation of conflicts have cooled down, weakening the safe-haven buying demand for gold, and also turning investors' attention to the Federal Reserve's monetary policy. The Federal Reserve has previously made intensive statements that cutting interest rates is not...
After the United States announced the non-farm employment index, prices first soared to 2320 and then fell rapidly. After falling below the low of 2281, they reached 2277 and are currently in the rebound stage. No matter how the price rebounds, it still returns to the downward trend. The current trading strategy is to sell at the resistance level. Trading...
Gold continues to keep traders on their toes as it fails to provide clear signals over future direction. It put in a solid rally from mid-February to mid-April, but has struggled to find a footing since then. In fact, what looked like an entirely reasonable period of consolidation has turned into something more sinister, at least as far as the bulls are concerned....
watching the willingness for NQ to break April 19 low. Note weekly FVG SIBI (right). Simultaneously, note 1D BA FVG SIBI (left). Break below April 19 validated shorts On standby. Just day trades , which i don't post here.
NIFTY closed below va 1. gapup 22680 long till 22800 2. 22680-22480 trade reversal 3. gapdown 22480 short till 22400
Trading Plan for Friday, May 3rd, 2024 Market Sentiment: Bulls maintaining a tentative lead ahead of multiple high-impact market events (Apple Earnings and Jobs Report). Expect extreme volatility and plan accordingly. Key Supports Immediate Supports: 5068 (major), 5054 (major trendline - note this level rises daily) Major Supports: 5028 (major), 5001...
Watching UVIX break through its low of $8.37 this morning gives me confidence that market top is not in. The most bullish scenario now would see four separate impulse waves (in blue ellipses) since low of 4963.50. Pivots at 5022.25 and 5036.25 were both technical, bouncing off .618 fib levels. Bulls need to advance above 5200 with continued impulsive action, and...
ES Trade Plan Inflection: 5082 Upper lvls: 5099-5109 / 5125-5127 / 5137 / 5153 Lower lvls: 5072-5074 / 5036 / 5005 NQ Trade Plan Inflection: 17632 Upper lvls: 17776 / 17818-17838 / 17871 / 17901-17937 / 18063 Lower lvls: 17564-17573 / 17482 / 17356-17370 Stay Frosty!
XPDUSD - 24h expiry Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. There is no clear indication that the downward move is coming to an end. Our short term bias remains negative. Preferred trade is to sell into rallies. 20 4hour EMA is at 946. Risk/Reward would be poor to call...
Alot of things going on this year . Like 2017 , 2020, the solar eclipse, the presidental election and war and economy/ countries making news headlines , etfs and gold and btc rallys
Yo fellaz lets get gold on the sell momentum ... till the patials @ 2291 , in liue to the NFP GOLD Market is expected to get shorting as the us dollar bulls . sit tight and anticipate the m,oves , follow for more insights , comment your opinion and minds.... Akcapitals ✨
Bearish indications: bearish flag break out. LLLH in day time frame. Evening star candle from bearish flag break out . Double top formation before it has made flag. Trade plan bias short @ 2298.76 SL:2303.5 TP1:2293 TP2:2289