I’m seeing a symmetrical triangle on 1h and a potential rising wedge on D1. Both patterns are showing a bearish breakout. I’m already short tp1 189.5 and tp2 at 188.6. Still early in the week if I get stopped out I’ll post something more when I see it. Let’s see what happens!!
Based on the current environment it seems something similar to 2014-2016 could play out. 2014 had a little flash crash like we currently just had. Defensive sectors look set to outperform which is similar to this period as well.
It's just a matter of time IMHO, most likely tomorrow / next few days, when MSTR will drop like a brick. The fact that anyone is buying this is just bonkers; they buy high volatile BTC with debt. What could ever go wrong with this Ponzi scheme? You've been warned about this house of cards. Great if you're leveraging MSTZ! Best of luck and be careful out there....
I think that we take out the liquidity from the downside first. Then we'll enter on a LTF MSB. Aiming for at least a 2R trade setup. LTF MSB is very important for this setup to play out.
As the title suggests I am still expecting another low before we move higher again. Looking at the prior price action, a drop to the 1.382 @ $163.02 looks like the ideal place for this intermediate (A) wave to terminate. Afterwards, if this is the correct count, we should begin moving higher with a target of $260-$300. There is always the chance that it extends a little further to the 1.618 @ $137.31, but as of now I do not anticipate that. Should we drop to the area of the 1.382 I plan on acquiring another 20 shares. If we end up coming into the 1.618 that'll be another 20 shares I pick up. I have entered into this position in layers with a plan long before I started. This is the only way to trade based on data and not emotions. Currently I only have 40 shares at an average price of $187. Another 20 shares at say $165 (the price I will buy more) would lower my avg cost to $179. If my thesis is correct, and we do target the $260 range at a minimum, that will be almost $5K in profits with the potential of $8K. Again, this is not guaranteed, but the probability of it happening is higher than it not. Last thing I want to leave you with, crypto as a whole IMHO, has hit its high. I believe we have started the next corrective phase that will last for quite some time. We do NOT yet have confirmation of this, but I deal with probabilities. As of right now, the probabilities favor a larger consolidation phase for the foreseeable future.
Gold ( OANDA:XAUUSD ) Market Update Bullish #### **Current Trend: Bullish** - Gold has been in an **uptrend**, trading near the **$2,990 level**. - Price remains **above key moving averages (EMAs)**, which signals continued buying pressure. - The market is consolidating after a strong rally, meaning traders are taking a breather before the next move. #### **Key Levels to Watch:** 1. **Resistance:** - **$2,995:** If gold breaks above this level, it could trigger a strong **bullish move**. - **$3,000:** A psychological level that could attract more buyers and push the price even higher. 2. **Support:** - **$2,985:** If this level holds, gold may continue moving up. - **$2,971:** If price drops below this, we could see a deeper **retracement or pullback**. #### **Potential Scenarios:** - **Bullish Scenario:** If gold **breaks above $2,995**, we could see a move towards **$3,010 or higher**. - **Bearish Scenario:** If gold **falls below $2,985**, it might retrace towards **$2,971**, where buyers may step in again. ? **Conclusion:** Gold is currently in a strong bullish trend, but traders should **watch for a breakout above resistance** or **a pullback to support before re-entering**. Stay updated and use proper risk management! ?? https://www.tradingview.com/x/sD6hSw9J/
? #GOLD Sell 3001 - 2995 ? Stoploss 3013 Breakeven 3000.5 TakeProfit 1: 2993 TakeProfit 5: 2985 TakeProfit 12: 2971 TakeProfit 18: 2959 TakeProfit 24: 2947 Trade at your own risk Protect your capital The Wizard ?♂️ Friday 03/14/2025 06 AM EST
Happy new week everyone, We are looking to sell NIKKEI at 37500 based on the action we see this morning. 1) It created a high last week at 37,622 2) There is lot of divergence on H1, M30, M15 3) There is a shark pattern which is not quite valid, but shows a good sign to sell. This could be a big move downwards.
Fundamentals: Valuation: Undervalued on 10d - 13d - 30d Seasonality: Showing rally until end 27/05/25 on 5y - 10y HOWEVER -- 10y isn't aligned.. COT: The main thing is Users & Producers, They turned bullish sharply in the past few weeks Non-commercials are not yet bullish on the pair, however, it is natural, as they buy into strength and sell into weakness in all markets. Technicals: We have a clear (already mitigated) Demand zone on the weekly. With a great Leg out (empolsive move to the upside)
Key Points from the Chart: Break of Structure (BOS): The chart highlights a BOS, suggesting that a previous resistance level has been broken, indicating bullish potential. Demand Zone: There's a marked demand zone (gray box) where price previously reacted strongly. The current price action suggests the possibility of a pullback into this area. Predicted Movement: The yellow lines illustrate an expected price dip into the demand zone, followed by a strong bullish reversal towards the 1.3000 level. Analysis Assessment: Demand Zone Validity: The marked demand zone appears to be valid, as it's based on a previous area of strong buying interest. If the price returns here, it could trigger another bullish move. Current Market Structure: The price is forming lower highs and lower lows in the short term, hinting at a bearish retracement. However, the bullish structure from the BOS is still intact. Liquidity Sweep: The chart anticipates a sweep of liquidity below the current low (around 1.29137), which could be a trap for sellers before reversing upward. My Prediction: Short-Term: A likely move down to the demand zone (around 1.2885 - 1.2910) to grab liquidity. Reversal Point: If strong bullish candlestick patterns appear in the demand zone, a reversal towards the 1.3000 level is plausible. Invalidation: If the price breaks and closes significantly below the demand zone, the bullish bias would be invalid, and the price could head lower.