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EUR/USD: PAT + VPA 09/18/2024My life's work as a trader is not be like the 99%, I want to be like the 1%. The market is showing stability, with a 4-hour period range highlighted by the Red Range Lines. This is a positive indication, as the recent drop did not occur on high volume by the Market Makers. Market Makers intervened at 1.11376 (1.11400) before the news hinted at a price decrease. Despite this, they refrained from further pushing the price down. The market swiftly hit the range low of the 4H on low volume. Retail investors flooded the markets with sell orders, resulting in an influx of EUROs to the Market Makers, who now possess a substantial supply of EUROs. I expect 1.10729 (1.107) to act as a support/demand area for the EUROS where "Market Makers" are looking to buy at wholesale value. Following a High, Low, HH pattern, buyers are sought at the HL level with a clear reason behind it. The market makers anticipated a surge in the EURO due to news, leading them to sell aggressively. Considering the unfavorable news for the dollar on 9/18/2024, the dollar's strength is expected to be limited. This can be seen as the market makers strategically shaking the Olive tree!
Long
by ThePipAssassin
1
GBPUSD - Trend Continuation Or Bullish Movements?Hi Traders! The market is, on this Timeframe, in a Downtrend. In our view, there are two possible scenarios of how the market could move: It reaches the Weekly Resistance, then it turns back down --> Down It reaches the Weekly Resistance, retraces and shoots further up --> Up However, we have these technical factors which could affect the price: Weekly descending Wedge Weekly Resistance @ 1.37 Daily Resistance Area Potential 4-hourly Trendline Potential developing Divergence If you have anything to add or a different point of view, feel free to comment! Thanks and successful Trading :-)!
by swissmoneymakers
Nasdaq. What do you think, and why?I have provided two scenarios for the Nasdaq. One is an immediate bullish case for a bounce off of a previous broken resistance level. I think this is on the optimistic side, and of course most people would prefer that type of stress free environment. The second is for a breakdown to a lower previous control level. This is more pessimistic, and it's more difficult to predict because people will not be happy to hear their assets might be about to depreciate. Everybody shoots the messenger. Especially when they're right. What do you think, and why? Am I missing any key elements on the chart?
CME_MINI:NQM2021
by emehoke
LTC to the ground🐳Hello, this is looking dangerous. If LTC can't pass the fib projection where it maxed out Febuary 2nd and fell down, we may see a large drop ~84.0. I would not invest in LTC right now, it has been around since 2011 and it is proving to not have much strength. Back in Febuary it dropped 38%⏬ from its ATH of 254.. I think this may be the end of the road for LTC, I could be wrong. To me it looks like reaching a new ATH might be the kiss of death 💋☠, with LTC completing its giant parabola and fizzling out. Another scenario is that LTC is able to maintain above current support triangle, and make a new ATH, unlikely IMO but we never know for sure right?! This is not financial advice Any comments, good bad👍👎, happy sad😃😢, are greatly appreciated Short. Jazerbay💕
Short
by jazerbay
15
Is this an uptrend or not?The combination of the two tools Fibonacci Expansion and Retracement could indicate some important price levels for understanding the mood of the exchange rate. The most important dilemma that arises from this approach is if the last downward movement is considered as a correction of the main trend. Looking at the chart, it seems that Friday's close was marginally below the price level of FR 23.6. It may take some time for the downtrend to be finally confirmed and the exchange rate to return to an uptrend. An entry point higher than the FR 50.0 price level would be a safe choice. Then, it seems that some confluence levels emerge which can also be considered as target prices. As shown in the chart these are 0,7315 and 0,7437.
by UnknownUnicorn214400
Silver: Up or Down is a matter of perspectiveOften times traders want to know if an instrument's price is going up or down. It's an expectation of some sort of prediction. The problem is that price could be going down on one time frame but up on another. How is that possible? It's just a matter of perspective. You could see price move down on a 1 minute time frame but that's not so important. Really - traders are look for a trend. The question could be ' Where is the trend of silver heading? ' But even that is not specific enough. The better specific question is, " On X time frame, where is the trend of silver heading? " Now on a 3 minute time frame the trend may be heading south. Now take a look at the 8hour time frame on this chart. Obviously anybody can see that the trend is heading north. At the most recent edge of price, is an 8H channel. Concluding: 1. Where price is heading depends on your time frame. 2. Investors will be interested in larger time frames. 3. Gamblers will be interested in small time frames. 4. Trend is more important that price point. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX_IDC:XAGUSD
by Captain_Walker
3
MCHP on the move!Who is gonna win this battle: cup and handle or rising wedge ? MCHP made a nice “buy the dip” on Tuesday creating a “cup and handle” pattern that combined with the ABCD pattern gives a forecast for a possible target price at point (D). If that happens, MCHP will break the resistance line and go into a new trend which it will then surely test again. Of course you should also keep in mind the rising wedge and be careful. But on my opinion bears are not strong enough to push the price down at the moment, but in any case it remains to be seen how this battle will unfold and be ready for buying setups. Thank you for reading this, and if you have some comments there are more than welcome, also feel free to press like button if you think this is a interesting and good analysis :) NASDAQ:MCHP
NASDAQ:MCHPLong
by kova137
OXT basic prediction This token has only be on Coinbase for a short amount of time, but it has sparked my interest. Currently I believe that we may end up finding support somewhere in the .33-.35 range, with an upside potential from there. I could obviously be wrong, but always fun to see what happens! Please do not treat this as financial advice! I am an amateur trader, having fun along the way. This is my very first "published" analysis, while it is basic, and not very informational, I will be adding to this in the future and let you know where I believe this might go. -CHEERS
COINBASE:OXTUSDLong
by stockmarketking
2