Looking at the CL weekly chart through an Elliott Wave lens, I’m seeing a compelling setup for a bearish move in crude oil. The price action suggests we’re poised to break below the key support zone between $67 and $65—a level that’s held firm but looks ready to give way. If this plays out, I’d expect a drop toward the $54 area, and should momentum really kick in, we could even see $50 as the next target. The wave structure aligns with a classic corrective decline, and the momentum indicators are hinting at exhaustion in the prior uptrend. What’s your take on this—any counters or confirmations from your charts?
If already in the Sell, Pray for 1. If not in the sell, Pray for a pullback, then monitor for a r:r setup that leads into 2.
OANDA:GBPNZD has reached a significant resistance zone, marked by historical price rejections and strong selling pressure. This area has previously acted as a key supply zone, increasing the probability of a bearish reaction if sellers regain control. The current market structure suggests that if price confirms a rejection from this resistance zone, we could see a potential drop toward the 2.20986 level. This level aligns with previous price reactions and serves as a logical downside target. However, a break and close above this resistance zone would invalidate the bearish bias and could signal further upside continuation. Traders should look for bearish confirmation signals such as rejection wicks, bearish engulfing patterns, or increased selling volume before considering short positions. This setup reflects the potential for a pullback after a strong bullish move, supported by historical price action and market structure. Do you agree with this analysis? Share your thoughts in the comments!
Chaikin Money Flow Indicator: How to Measure Market Pressure Are you looking for a way to gauge the momentum of buying and selling pressure in the financial markets? Then you may want to learn about the Chaikin Money Flow (CMF) indicator. In this article, we’ll take a closer look at this effective indicator, including its formula, interpretation, and how to use it in a trading strategy. What Is the Chaikin Money Flow Indicator? https://www.tradingview.com/x/D2dnWhsd/ The Chaikin Money Flow (CMF) indicator is an oscillator that measures the strength of buying and selling pressure on a given asset. It was created in the 1980s by Marc Chaikin to provide traders with a better understanding of the flow of money in and out of the market. The CMF indicator is based on the concept of the Accumulation Distribution Line, which calculates an asset’s total accumulation and distribution over a given period. It then applies the concept of volume-weighted price, which considers the volume traded at each price over a period to determine the strength of buying and selling pressure. The CMF indicator ranges from -1 to +1, with values above zero indicating buying pressure and values below zero indicating selling pressure. Traders use the CMF to identify trends and potential reversals, as well as to confirm the strength of price movements. What is the CMF in stocks? It is the same indicator as in forex, commodities, and cryptocurrencies*. Chaikin Money Flow Formula Compared to other indicators, the CMF has a slightly more complicated formula with multiple steps. They are as follows: 1. Calculate the Money Flow Multiplier To determine the money flow multiplier at a given point in time, we use: MFM= (Close - Low) - (High - Low) / High - Low This multiplier is positive when the price closes in the upper half of the period’s high-low range and negative when it closes below the lower half. 2. Calculate the Money Flow Volume: The money flow volume (MFV) is calculated by: MFV = MFM * Volume 3. Calculate CMF: To work out the final CMF value, we do the following: CMF = N-period Sum of MFV / N-period Sum of Volume Here, N is typically 20 or 21 periods, although it can be adjusted up or down according to the trader’s preferences. Thankfully, most charting software includes the CMF indicator, so you don’t need to perform this calculation yourself. How to Interpret Chaikin Money Flow Now, let’s take a look at how to read the CMF indicator. Trend Strength https://www.tradingview.com/x/eIFLjyg1/ As mentioned, the CMF fluctuates between -1 and +1, but it’s rare for the oscillator to ever cross the -0.5 and +0.5 levels. Regardless, traders can look for movements above and below the 0 midpoint line to determine the direction and strength of a trend. For example, crosses above 0 indicate buying momentum is entering the market. As the reading climbs higher, so does the buying pressure. The opposite is true if the oscillator crosses below 0. However, in practice, the indicator will frequently move above and below 0 in a whipsaw-type fashion. Some traders will get around this by only considering moves above or below 0.05 and -0.05 valid signals. This can help filter out the noise and reduce the chance of false signals. Trend Reversal https://www.tradingview.com/x/cqMhJTse/ Lastly, the CMF indicator can be used to spot potential reversal points in the market. Like other oscillators, traders can look for divergences between the price and the direction of the indicator. For instance, a bullish divergence occurs when the price makes a lower low while the CMF makes a higher low; this could be a sign that the market is reversing bullishly. A bearish divergence appears when the price sets higher highs, but the indicator doesn’t follow it. It’s also possible to spot hidden divergences using the CMF. A bullish hidden divergence occurs when the price makes a higher low while the oscillator makes a lower low. This signal demonstrates that the price is likely to continue on a bullish trend. For a bearish hidden divergence, we’d look for the price to make a lower high while the oscillator sets a higher high. Breakout Trading https://www.tradingview.com/x/nkM5KGLR/ In addition to spotting and gauging trends, the CMF can be used to identify breakouts. If the price is making a new high and breaking through resistance, traders often look for the CMF to break above previous peaks. The opposite is applied when the price breaks below the support level. Using the CMF Indicator in a Strategy Ultimately, the CMF indicator is a powerful tool, but it shouldn’t be used in isolation. Instead, it should be combined with other forms of technical analysis, whether they be support/resistance, chart patterns, or additional unrelated indicators. In this example, we’ll use a moving average crossover combined with a filtered CMF to spot potential entries. Step 1: Set Up Your Chart https://www.tradingview.com/x/iFjOD8eJ/ You’ll first need to decide on your asset and timeframe. We’ll use AUD/USD on the 15-minute timeframe, but you can use any asset and timeframe as the indicator’s effectiveness doesn’t depend on them. We’ll use the Chaikin Money Flow and Exponential Moving Average (EMA) Cross indicators. You can use two separate moving averages, but the EMA Cross indicator will show you when one crosses over the other. We will use the CMF indicator with a period of 20 and moving averages with a period of 20 (orange) and 50 (green). Finally, we’ll be conservative with our signal filtering and set two lines on the CMF at +0.10 and -0.10. Step 2: Look for Entries https://www.tradingview.com/x/rSHKOSl0/ With our chart setup, we can start to specify our entry criteria. Bullish: - Criteria 1: The fast (20-period) EMA must cross above the slow (50-period) EMA. This is our qualifying signal. - Criteria 2: Following the qualifying signal, the CMF must close above +0.10. Bearish: - Criteria 1: The fast (20-period) EMA must cross below the slow (50-period) EMA. This is our qualifying signal. - Criteria 2: Following the qualifying signal, the CMF must close below -0.10. Note: even if the CMF cross occurs 10 candles later, we can still enter, given that a) our direction has been confirmed by the EMA crossover and b) a move beyond +0.10 or -0.10 indicates that momentum is picking up. Step 3: Setting a Stop Loss Level https://www.tradingview.com/x/IpEOOmgw/ Unlike other indicators, the CMF gives no clear area where we can set stop losses. As such, it’s best to just use a nearby swing point. If there aren’t any clear points nearby and you’re forced to use an excessively wide stop, then you could forgo taking the trade if it means your risk/reward ratio is poor. Step 4: Taking Profits Likewise, it doesn’t show where profits can be taken. You could set a minimum risk/reward ratio, like 1:2 or 1:3, then look for areas of support or resistance beyond that minimum to start taking profits. Conversely, since this is a momentum/trend-based strategy, you could do away with setting a take-profit target and trail your stop loss above or below key swing points as the trend progresses. This approach may help you to squeeze a little bit more profit out of your position compared to setting a hard target. What to Do Next Hopefully, this article has helped to answer any questions surrounding “what is the CMF indicator, and how do I trade it?” Wondering what to do next? You can try this: 1. Practice using the strategy above to get a feel for how the CMF indicator works. 2. Try combining it with other indicators, like Relative Strength Index (RSI) or Donchian Channels. 3. Read up on related Chaikin indicators, like Chaikin Volatility and Chaikin Oscillator. 4. When you feel ready, you can open an FXOpen account and put your knowledge to the test! *Important: At FXOpen UK, Cryptocurrency trading via CFDs is only available to our Professional clients. They are not available for trading by Retail clients. To find out more information about how this may affect you, please get in touch with our team. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Weekly downtrend Daily downtrend 4H downtrend supply zone in confluence with the Fibbo 50% Aggressive Risk reward can be 1:5 Conservative Risk reward can be 1:3
The violation of a significant daily resistance level has created additional upward potential for ?GBPNZD on a daily basis. Following a prolonged period of bullish accumulation within an ascending triangle pattern, the price rebounded yesterday and closed the daily candle above its neckline. I believe that the market could soon reach the 2.2400 level.
Gold trading made easier: Explore today's zones and refine your strategy.
Market right now is in a profit taking condition. But Tariff fear and safe heaven boost still valid for the market. market right now in a strong support zone and the market trying to inject buy liquidity. But we need some confirmation .Market should break the level of 2898.42 first.
Audjpy in support zone of Daily Timeframe if Any Daily Candle Give Us Confirm To Prices Go Up Market Will Go Their Rest Lequidity Areas To Hunt Or Fill The FVGs Of Sell Side. Tip! Trading, like any high-performance endeavor, requires skill, focus, and discipline. Those who are in it for the money alone aren’t likely to focus on the process of being a good trader.
Of course this share follows BTC and both are moving south. I think we are only seeing the start of it, even though very short-term we might be a bit oversold, the bigger picture is far more dangerous. The share price is negative and we broke trend suppoort $ 302 and this suggest we should move towards cloud support $ 148 area. Strategy SELL @ 260-290 and take profit near $ 155 for now.