I remember the early stories about $100,000 CRYPTOCAP:BTC and with Trump in office, this might just be possible but....
From the day of dawn, gold has slowly built momentum to book highs after highs, time in, time out. When will it ever end?
Last weeks projection played out like a charm, sweeping sellside just after trump was elected to be the president of the USA. Where will price gravitate to next?
I believe as time goes on, market conditions will loosen, allowing for clearer directional bias but for now, we are in 50/50 conditions.
Leading the pack, printing all-time highs just like the other stock indexes. What's next on the horizon for the legendary Dow Jones?
Out of the three indexes i analyse, NQ was the last to reach all-time highs. Will NQ continue to lag?
We are in undiscovered price territory meaning that i will be basing my bias on psychological price points.
Playing Russian roulette with 1 bullet in the chamber and I'd choose sellside @ 104 but going into next week without seeing how Sunday opens is 50/50. I don't settle for 50/50...
In line with yields repricing lower into a discount as the correlation between bonds and yields is incredibly strong. 120.02 is in the cards for future reference
The continued draw up into premium pricing might be weakening. Remember, there is nothing irregular about a minor retracement back down into a sellside imbalance in the grand scheme of the uptrend
On the 29th Oct 2024, you would expect a blow out top, sweeping all time highs, running on all time highs whilst maintaining a strong bullish closure going into the ending of the week but what we are seeing right now is a bullish shooting star formation with the candle body currently under the previous 2 weeks highs. This signifies weakness in bullish momentum,...
There is growing sentiment for gold to reach $3,000 per oz, with the market peaking @ $2,790 current all time highs. Minor retracements is healthy in the grand scheme of the bull run and bearish continuation down to the daily fair value gap @ $2,214 - $2,697, taking daily buyside liquidity is a reasonable draw going into next week.
Much clearer price action than GBPUSD, with Friday rejecting the weekly order block, closing below the prior days low. Daily bullish order block up for grabs, aiming for low hanging fruits @ 1.07793 - 1.08069. Very cautious as the US elections is right around the corner.
There will be times where higher probability conditions presents itself in GBPUSD but for now, the market is riddled with high resistance, ever since we have dropped down into a discount below 1.30497. With the election taking place on the 5th November 2024, next week, i am expecting volatility.
It's the best time to sit on your hands and gather more price data as there is a lot going on right now making the probabilities for a draw on Sellside 50/50. High probability trading conditions is where i thrive in but right now, we are not seeing that.
Similar to S&P 500, we have seen a lot of high resistance periods, making it challenging to anticipate with a high accuracy where the next draw on liquidity will be. Recently, we have seen a shift in market structure, with $20,398* being the weekly consequent encroachment for this week.
It's been a rough few weeks for traders as many are complaining about high resistance conditions throughout the past couple of weeks and booyyyy are they right! Although i have managed to eek a tiny bit of success recently in these conditions, I HIGHLY RECCOMEND against trading with maximum leverage in conditions like this, especially if not a scalper....
For close to 2 weeks price has been stagnating but when you take the overall medium term trend into consideration, you have to ask yourself this; does this minor relief rally have the possibility of causing a major market structure shift before reaching a major buyside liquidity pool above 104.636?