Dear Friends, How I see it: 1St 1W TF Body close below 107.000 in 2 months! Possible Resistance levels - 1) 107.330 2) 107.500 Next Support levels - 1) 105.700 2) 105.415 Thank you for taking the time to study my analysis.
Wait for Price or divide your Investing money into different parts. CRYPTO:BTCUSD Always Wait for your Levels to grab. in FOMO dive with 5% Risk on Total Capital one time. Every Red weekly candle closing price should be your Price to buy and just focus on Avg buying Price. CRYPTO:BTCUSD Let the king come to the Level. and every level grab the foots.
GBPUSD Feb 10 to 14 Week in review Price is in a Premium on the weekly and daily. I suspect that we are in a bull market. NOTE-GU is showing more strength than EU due to breaking key highs, EU has not done that yet. Price has been threading on the 50 level since Jan 25. Finally this week Price left the 50 level the energetic force. On Tuesday Price bounced off the .618. Price ran a sell stop raid to then bull run for the rest of the week wicking through key buy stops. Not quite breaking institutional structure however showing signs we might. Week ahead idea If my bias is bull I want to focus on taking longs and reading if and where Price will short. If the short meets my criteria of my model I might consider it, however I want to be adaptable to what price is delivering and sticking to my rules. I suspect that we could see a raid on sell stops at the 50 level rebalancing Thursdays inefficient delivered Price. Setting up for a long. That said Price has another ket buy stop that it could run to first part of the week. Be nimble-no more pre market look as it is creating this stiffness in my analysis. Building out the day from the perspective of this happens I will do that and if that happens I will do that. Follow your rules as follows: -Liquidity is taken -Bias is bull-longs would be better sets ups -Macro entries only -Limit orders only-with placed price-stop loss-take profits with partials -Mark out measured moved ranges -MOG entries -first presented FVG entries -Trust your analysis -mark every trade win or fail Strength is built in discipline and paper trade only this week, until you can build your confidence again.
? CRUDE – 11th week of the base cycle (28 weeks), mature 1st phase. The pivot forecast on February 11 worked as a reversal, similar to the extreme forecast on February 3. This marks the second reversal from the combined resistance of the MA20 and the large triangle boundary, which I discussed in previous posts. Holding the short position from the February 3 extreme forecast. The first phase of the base cycle isn’t over yet, but it is very mature. ⚠️ Note that the pivot forecast on January 17 marked a triple top with the extreme forecasts of July 1 and April 12 (Retrograde Mercury). I maintain my bearish stance, which I explained in my crude oil post from summer 2024. Next pivot forecast for crude: February 24. Next extreme forecast: March 3.
IREDA has formed shark pattern it has immediate target for 200. with SL 190. Consecutive 3 candles close above 200 will open targets as below, Target2: 210 / 220 Also in short term it will have possible target for 250 / 270.
? GOLD – 14th week of the base cycle (15-20+ weeks). The pivot forecast on February 11 worked as a reversal on Tuesday and set a new high. Based on cycle timing, this pivot forecast may mark the top of the current base cycle. The cycle is quite mature. However, we should not forget about strong support at the October 28 extreme forecast level (2850 on the current futures contract). ⚠️ Next pivot forecast: February 24. Next extreme forecast: March 3 – the beginning of the retrograde Venus period, which I mentioned in early December. ? The working range of movement for the GC futures contract from the February 3 pivot forecast was between $5K and $10K per contract, depending on the exit strategy. Congratulations to those who entered – a great trade.
https://www.tradingview.com/x/kMfXtzmO/ Here is our detailed technical review for US30. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant resistance area 44,532.9. Considering the today's price action, probabilities will be high to see a movement to 45,324.8. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
https://www.tradingview.com/x/P0KYPvUL/ Take a look at our analysis for USDCHF. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.898. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.889 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Nifty closed at 22,929 this week, marking a decline of 630 points from the previous week's close. The index reached a high of 23,568 and a low of 22,774. As highlighted in my previous post, the bearish sentiment in Nifty remains intact, as both the monthly and weekly timeframes show negative trends. Until there is a significant reversal on these timeframes, the bearish outlook is expected to continue. Looking ahead to next week, I anticipate Nifty will move within a range of 23,450 to 22,400 . The 22,300/22,400 zone offers strong support, and if this level is breached, we could see Nifty heading towards the 21,800 levels. Given this volatility, Nifty might not be the ideal index for small investors, particularly those heavily invested in mid and small-cap stocks. Let’s now take a closer look at the mid-cap and small-cap indices. The Mid-Cap Index is currently near its key support level of 48,700 on the monthly chart. If it manages to hold this support next week, a potential reversal could follow, offering some relief to investors. On the other hand, the Small-Cap Index is still far from its crucial support of 14,500, which suggests that we could witness further downside of 4-5% in this segment . This could add more pressure on small-cap stocks, which are already facing a tough environment. On a global front, the S&P 500 has finally broken through the strong resistance at 6,100 and closed above this level. If it manages to sustain above 6,100, we could see it reach 6,225 or even 6,376. This could potentially provide some tailwinds for the Indian markets, but for now, it seems that the Indian market remains under the tight grip of bearish forces. In conclusion, while there are some signs of potential recovery in specific indices, the overall sentiment remains cautious. Investors should stay vigilant, especially in mid and small-cap segments, as the road ahead could be bumpy.
? S&P500 – 5th week of the base cycle (average of 20 weeks). Monday opened with a traditional gap down. Unfortunately, the gap was too brief to close the short position with a profit. On Wednesday, the extreme forecast on February 11 pushed the market upward after a brief dip on inflation data. Two long cycles remain open, as I have discussed in previous posts. ⚠️ By Friday’s close, there are signs of a triple top forming at the December 9 and January 29 extreme forecast levels. The next pivot forecast is February 24. The most interesting part is expected at the extreme forecast on March 3, coinciding with the start of the retrograde Venus period, which I mentioned in early December.