I Just got into some cof 180 puts. I think the option market is signaling a push down to the $180 area so im going to jump on the band wagon. Looking to get out there or lower.
i do not know very well about how XAU works and all the stuff behind it, but whatever did push the price to be overbought, it will do the same to make price correction. just be aware of it. nfa dyor
The On Balance Volume indicator on the 1 day chart appears to be showing a bullish pattern of a bull pennant break out and retest. I've been watching this for a few months and I'm not convinced that the price of BTC is going to retrace significantly from here. I'll continue to watch this closely and see how it plays out.
Gold (XAU/USD) has formed a double-top pattern at a key resistance zone around $2943, aligning with a bearish engulfing candlestick on the daily timeframe. This suggests a possible shift in momentum from bullish to bearish. The price is currently retracing into a potential sell zone, where a rejection could lead to further downside movement. The fixed range volume profile and market structure indicate that sellers may step in, pushing the price lower towards key demand areas. ? Key Technical Highlights: Double Top Resistance: $2943 Bearish Engulfing on Daily TF ? Break of Structure (BOS) on lower timeframes Potential Retracement Zone: If price fails to reclaim resistance, further downside is expected. Target Areas: First key support around $2850, with a deeper target near $2780 - $2760. Trading Plan: ? Look for bearish confirmation signals around the retracement zone for short opportunities. If price decisively breaks above $2950, reassess the bearish bias. ⚠️ Disclaimer: This is for educational purposes only. Always conduct your own analysis and risk management before taking any trades. ? #XAUUSD #Gold #Forex #PriceAction #SmartMoneyConcepts
Who kept an eye on Microsoft like I mentioned not so long ago? Well, it lost that rising trend line and is now on the final remains of horizontal support. Could fall really fast below that.
Based on our analysis, there is a high probability that Bitcoin may enter a bearish trend in the near future.
Hello again, The same two complex harmonic moves should happen which were counted in wrong place in my last idea. The bullish entry at : 96261 and exit at 97500 Then bearish entry at 97500 and exit at 95400 Please share your views. Thanks
As you can see, we have a macro range in construction. The new Higher was very little low from the previously, but the good think its the Lower its higher from the recent one, so about this we have good and bad signs. In that case, we need to wait for mor clarification, 1st that we need its a new Higher High on 4h tf, until that, we can retest demand zone like in 4 november, ant thats not good at all beacause will be to much pressure for the buyers , they acctually stressed a lot because a lot of them, didnt sell what they'v accumulated in the first Low from last year so, they are kind of desperate now for the liquidity and a new low can activate them to sell in loss , also because under 3.5 , there is a chance to visit 1.8 , and that means another -50% for their bags. Offcourse, this is the bearish scenario. The bullish one is that we have on daily a rejection from demand zone, this zone was bought very fast from buyers so , we need to see a recovery, a fast one to add optimism in market. Also , everyone , one month ago said that February its a bullish month , and this time looks different so, many of theese investors, now , are confused a lot. A bullish weekly close can activate them again , but until then, they will be very precaute. My case: Im bullish bettwen 3.5 and actual price for accumulaton on SPOT. On trading , i will not do nothing for now.
Based on our analysis, there is a high probability that USDJPY may enter a bearish trend in the near future.
Based on our analysis, there is a high probability that Dow jones may enter a bearish trend in the near future.