NAS100 2021 May 31 NAS100USD (Intraday) Weekly = Bullish | Daily = TBC | H4 = Bullish Per last week's analysis, scenario 1 happened. Price returned to test 13396 - 13425. Hope you had profited from the long opportunity. Market currently in rotation (grey box) just below a previous resistance, volume is low. Scenario: 1) Supply pauses or reverses the...
HSI1! HSI1! 2020 May 31 Week (Intraday) Weekly = TBC | Daily = TBC | H4 = Bullish H1 = price rotation Bar 1 = weakness, no result from effort Bar 2 = Upthrust = weakness Bar 3 = reversal = weakness Red/Green zone = preferred entry Immediate support = 28942 If price continues to peel away from the supply (upper line of the channel, means upward...
OANDA:XAUUSD XAUUSD 2021 May 31 Weed (Intraday) Weekly | Daily | H4 = Bullish Market enacted both scenarios in our week 23 May's plan. Market's now in a previous very strong supply area, Bar 1 SOS, good long when price revisited its low / close. Bar 2 absorption volume, we expected price to return to test for supply, which happened in Bar 3 and Bar...
OANDA:NAS100USD 2021 May 23 NAS100USD (Intraday) Market breakout and test at the resistance turned support zone. 13396 - 13425. Scenario: 1) Market broke through previous resistance and returned to test 13396 - 13425. If this holds, it will be a long opportunity. 2) If 13425 can't hold, then we will see short opportunity on rejection from there. Remember...
SPX500USD 2021 May 23 Week (Intraday) Weekly, Daily, H4 = Bullish Last week a re-test of high H presented a good short into previous demand bar 1. Market then again found its way to test H again. Scenario: 1) Immediate support 4148 if broken, targets may be 4133, 4108, 4084 2) If there's price acceptance at 4178-4190 region accompanied by healthy volumes...
OANDA:XAUUSD XAUUSD 2021 May 23 Week (Intraday) Weekly | Daily | H4 = Bullish Scenario 3 from last week played out. 3) If breakout of recent high, price may test next supply zone 1870 Impressive move by Gold to > 1870, reaching 1890! What determination to breakout, noticed by bar 2's absorption volume. It is no surprise that market will return to...
HSI1! 17 May 2021 Week (Intraday) Weekly = TBC | Daily = Bearish, H4 and below = Bullish Green zone target was reached last week, and market broke down and reach for the lower green zone. Market is still making lower highs and in a downtrend, so prefer to short on test of the below levels Scenario 1) Market may attempt to close gap 2) Short levels 28753 /...
OANDA:XAUUSD XAUUSD 2021 May 17 Week (Intraday) Weekly | Daily | H4 = Bullish Market traded in the range of the ultra high volume range of bar 1 last week Tests of its high and the green zone offered good trading opportunities. Immediate Resistance = 1845 - 1850 Scenarios: 1) Immediate resistance holds, = short trades 2) Price may test 1826 or green...
OANDA:SPX500USD SPX500USD 2021 May 10 Week (Intraday) Weekly, Daily, H4 = Bullish Week of 03 May Scenario 1 materialized, green zone was tested. So short and long was fruitful. Bar A Ultra High Volume - possible outcomes from this 1) if this is an absorption of supply to break through the previous resistance of 4220 & 4220 can hold, will keep to long 2)...
OANDA:NAS100USD NAS100USD 2021 May 10 Week (Intraday) Weekly = Bullish | Daily = Bearish | H4, H3, H1 = Bullish Last week critical support 13735 was broken and short was good. Price then returned to 13735 to test for supply. Bar A ultra high volume up bar is a sign of weakness. Will prefer to keep to short trades, unless we are proven otherwise that...
HSI1! HSI1! 10 May 2021 Week (Intraday) Weekly | Daily = TBC, H4 and below = Bullish 03 May Week - Rejection scenario played out and green zone price target was reached. After which Bar A dominated the market. The low volume wide spread down bar test of its low at A1 offered good long opportunity; and later climatic bar B as well. Notice how the demand...
OANDA:XAUUSD XAUUSD 2021 May 10 Week (Intraday) Weekly | Daily | H4 = Bullish Excellent movement from gold during the week of 3rd May. Climatic bars A, B, C & D offered their respective long and short opportunities. After C2, where we see Upthrust in the lower time frame, short opportunity was presented, resulting in D1. D1 closed a third away...
OANDA:NAS100USD NAS100USD 2021 May 03 Week (Intraday) Nasdaq remains in price rotation, price levels to watch remains per last week's: Critical support = 13735 Immediate Resistance = 14068 Since market is in rotation, trade entries will be at the boundary of the range. Additional scenario planning 1) If critical support 13735 is broken and price comes back...
OANDA:SPX500USD SPX500USD 2021 May 03 Week (Intraday) Weekly, Daily - Bullish, H4 = Bearish Last week, tradeable days were only 29-30 April as market was mostly horizontal prior to 29 April. Last 2 bars displayed good reversal volume, let's see if this intermediate support can be an indication of demand coming in. Caution though if long, keep stops...
XAUUSD 2021 May 03 Week (Intraday) OANDA:XAUUSD Weekly = Bearish | Daily = Bullish | H4 = Bearish After bar A, there was little buying despite attempt to mark down the market. We deduce there is little interest to the upside. Bar B stopping volume that took out the longs gave us an opportunity to go long as price tested low of bar A at LTF> Note though...
HSI1! HSI1! 03 May 2021 Week Weekly = Bullish, Daily = Pending, H4 and below = Bearish Market was within the 29252 - 28440 range Market currently is oversold as it went below the channel at the moment. Market may attempt to return to the channel Scenario: Acceptance into channel price may try 29200 Rejection: the green zones may be the price...
OANDA:NAS100USD NAS100USD 2021 Apr 26 Week (Intraday) Nasdaq has now entered price rotation. Critical support = 13735 Immediate Resistance = 14068 Last bar tells us that supply has come in. It may again target 13735 - 13777 Since market is in rotation, trade entries will be at the boundary of the range. Additional scenario planning 1) If critical support...
OANDA:SPX500USD SPX500USD 2021 Apr 26 Week (Intraday) What a week 19 April was. Long from bottom of channel only worked for 19 Apr, after which supply took over and price headed for 4124, a previous demand zone in the channel. Critical support at 4124 has been formed. 4194 = immediate resistance The grey channel was a larger time frame channel. Note the...