**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 mins timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 mins timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 mins timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 mins timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
Please see my other posts about the red line for more context to its significance. This is an update to my most recent post. I've added a red path for what I consider the second most likely path to 200k.
My analysis is straightforward. On the weekly timeframe, there is a significant bearish divergence on the RSI, indicating that the market is moving in the wrong direction relative to fundamentals. This divergence has been present for six months, so one might assume there’s no reason for a change. The market is in a bubble, but it needs a catalyst to wake up. While I appreciate some of Trump's policies, certain aspects of his approach could crash the market. - Imposing tariffs on most imports might seem like a good idea. Trump aims to make the U.S. a producer of goods rather than an importer. However, the U.S. has lost much of its manufacturing base, engineering expertise, and know-how. China now dominates these areas, making this policy difficult to implement within the short span of a four-year term. Instead, tariffs on all imports would raise prices, worsening inflation. The market's prolonged rise has been largely driven by the Fed's efforts to control inflation. Higher inflation would force the Fed to raise interest rates, spooking the market. Another risk is a potential disagreement between the government and the Fed over policies, which would create uncertainty. I believe that increased inflation, higher prices, and tariffs will ultimately undermine trust in U.S. monetary policies, leading to the opposite of the intended effect. The USD could weaken, and more countries may move away from dollarization (regardless of tariffs, as Trump cannot dictate other nations' monetary policies). The market would likely react negatively, and the bearish divergence would play out, potentially causing a crash lasting at least a year, similar to what happened in January 2022. I hope I’m wrong, but this scenario has a high probability of occurring.
See my other posts about the red line for more context to the significance of it. In short, I drew this line about 3 years ago and over the last few months during the fight around 100k price action has been CLEARLY rejected from this line nearly a dozen times so far. Given the consistency of this moving resistance line I have based a general prediction for BTC to peak around 200k in a way that doesn't look like too much wishful thinking. I think visually 200k could be a low end prediction but I really doubt it would hit anything like 500k within the next 5-6 years.
Time to short gold. Few reasons on the chart to short gold
Last Close : 1626.30 , Sell Rise Till 1642 For The Target 1562—1503
*Current Market Context* Brent Crude oil has recently exhibited a classic spring formation on the daily chart, indicating a potential reversal or continuation of the bullish trend. A spring is a price action pattern where the market briefly moves below a key support level (often a "manipulation" move by smart money) before reversing sharply higher. This is typically a sign of accumulation and a precursor to a strong upward move. The price is currently at the Last Point of Support (LPS), which is a critical level where buyers step in to defend the price, confirming the strength of the trend. This makes the current price an attractive entry point for traders looking to capitalize on the potential upside. --- #### *Key Levels and Zones* 1. *Current Price (LPS Zone)*: - The LPS zone is acting as a strong support level, offering a low-risk entry point for traders. This is where buyers are expected to accumulate positions before the next leg up. 2. *Breakout Zone ($92-96)*: - The $92-96 zone is a significant resistance area. A breakout above this zone would confirm the bullish momentum and open the door for a strong upward move. 3. *Target Zone ($102-115)*: - Once the breakout occurs, the price is expected to rally toward the $102-115 zone. This is where traders can take partial profits or monitor for signs of a retracement. 4. *Retest of Breakout Zone*: - After reaching the $102-115 zone, the price is likely to retrace and retest the $92-96 breakout zone. This retest is a critical level for breakout traders to enter, as it confirms the zone has flipped from resistance to support. --- #### *Trading Strategy* 1. *For Aggressive Traders (Current Price Entry)*: - Traders can enter at the current LPS zone, placing a stop-loss just below the recent swing low to manage risk. - The initial target would be the $92-96 breakout zone, with a secondary target at $102-115. 2. *For Breakout Traders*: - Wait for the price to decisively break above the $92-96 zone with strong volume and momentum. - Enter on the retest of the $92-96 zone after the breakout, ensuring the zone now acts as support. - Set a stop-loss below the breakout zone and aim for the $102-115 target zone. 3. *Long-Term Outlook*: - Once the retest of the breakout zone is confirmed, the price is expected to rally significantly, potentially reaching 2-6x the current price over the medium to long term. This projection is based on the strength of the breakout and the overall bullish structure of the market. --- #### *Chart Analysis* - *Spring Formation*: The price recently dipped below a key support level (spring) but quickly reversed, indicating strong buying interest. - *LPS Confirmation*: The current price is at the LPS, where buyers are stepping in, confirming the bullish bias. - *Breakout Zone*: The $92-96 zone is a critical resistance level. A breakout here would signal the start of a strong upward trend. - *Volume Analysis*: Increasing volume on the breakout and retest would further validate the bullish scenario. --- #### *Risk Management* - *Stop-Loss*: Place stop-loss orders below key support levels to limit downside risk. - *Position Sizing*: Adjust position sizes based on risk tolerance and the distance to the stop-loss level. - *Profit-Taking*: Take partial profits at the $92-96 and $102-115 zones, while letting a portion of the position run for the long-term target. --- #### *Conclusion* Brent Crude oil is currently at a pivotal point, with the price forming a spring and testing the LPS zone. This presents an excellent opportunity for traders to enter at a favorable price. For breakout traders, waiting for the price to cross the $92-96 zone and retest it as support would provide a high-probability entry point. The overall structure suggests a strong bullish trend, with the potential for significant upside in the coming weeks to months. Always remember to manage risk effectively and adjust your strategy based on real-time market developments. Happy trading!