Last Week : Sunday Globex again opened on a gap down just like previous week but this time it opened right at lower VAH and got a push back into over 6074 - 54 Edge. Holding over 6050s and inside/over the Edge meant stability for the market which brough in more buying but as we can see it took us a whole week of consolidating under VAL before we were able to push into upper Value towards the end of the week. We pushed into the Mean right up against our previous Supply area and that served as good resistance to keep us in small balance to finish the week on Friday. This Week : Tricky spot we find ourself in this week, on higher time frames like Monthly we are having inside month, weekly we are still holding sideways/up trend inside this 6230s - 5950s balance but one thing to note is we have mostly been back and forth between this balances Mean area and the low, so far dips under the low kept getting bought but we are not really getting any upside or holds over the Mean areas which could mean no acceptance inside it to cause continuation towards the top. On Daily TF we have been holding over between the Daily upper Edge of 6073 - 43 and upper Daily VAL of 6144 - 25 where we found balance to end the week on Friday. Going into this week we are again inside the Value of this 6074 - 6195 Hourly's range and there are few things we can watch from here. If the market has truly accepted inside this range then we may hold inside the Value which will mean ranges will tighten up and we look to balance inside Current Intraday Range of 6155 - 6114, we have supply over 6144 so any pushes over it towards 6155 could find their way back into the Mean and we could see covering under 6125 over VAL. BUT something we have to watch out for is IF we again fail inside this Value and get into/under VAL this will be our first signal for a failure which can bring in weakness towards lower Edge, IF that happens and we find ourself inside lower Edge under 6074 - 60s that would confirm the failure and may bring in more weakness for market to try and go find Value lower, we do have lots of HTF stops lined up under us which would keep bringing weakness if we start taking them. We don't have any market moving data until Fed on Wednesday which could mean a slow start to the week and we must be careful forcing for downside IF we are holding over VAL because that keeps us stable. Of course IF we do again open on a gap down like we did last 2 weeks then that could change things BUT this time around IF we do then we need to be careful looking for a full return back like we had last 2 times. For more strength out of this Value we would want price first show us holds over 6144 AND find stronger buying that can take us into/over upper VAH, until this happens we really need to watch out over 6140 as we may finish this month either inside +/- month inside this Value under 6160s OR since its our 3rd month in these areas without any upside, we could see size sell us back down towards Monthly balance lows which are down at 5950s.
USDCAD has broken the consolidation at the resistance zone which was accompanied by an rsi divergence. Now we are looking to short it on the daily fair value gap.
Our analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will rise to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS ?Let’s learn and grow together ? ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support ??? ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS ?Let’s learn and grow together ? ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support ??? ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
I believe at the moment shorts and longs are valid, shorts on the short-term, longs for the long-term no pun intended. We have an equal low created leaving behind internal liquidity I am expecting to be swept before price can continue higher, 0.617 to me seems to be a strong & critical area of price for the current environment and as such, could be tapped before price continues to .65+. RBA interest rate decision is around the corner & COT positioning is indicating profit take so be careful gang. As it stands right now GTFX is on a 22 win streak, almost 300 pips acquired for 2025 already and a lot more to come.
Based on my trading algorithms ETHUSD will drop for 500 dollars!
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS ?Let’s learn and grow together ? ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support ??? ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
Auch diese Woche kann die Nasdaq wieder zulegen und schloss am Freitag bei 22114 Punkten. Die Intermarketindikatoren haben sich im Neutralbereich gefangen und steigen wieder langasam. Die Nasdaq ist saisonal noch bis März in einem leicht negativen Zeitfenster. Die Lage in der Nasdaq hat sich mit dem Drehen der Intermarketindikatoren leicht gebessert und stimmt auch uns wieder etwas positiver, wenn auch nur leicht. Wir wünschen Ihnen viel Erfolg Ihr Team der TradingBrothers
Auch letzte Woche war für den DAX schlussendlich positiv und der Kurse endete zum Wochenschluss bei 22525 Punkten. Damit zeigt der DAX weiter Stärke, aber der Abstand zur 200-Tagelinie hat sich vergrößert. Die noch zuletzt gefallenen Intermarketindikatoren haben sich zwar leicht abgekühlt, aber steigen wieder im überbewerteten Bereich an, insbesondere gegenüber dem Bund Future. Saisonal ist der DAX noch in einem negativen Zeitfenster. Die starke Überbewertung in den Intermarketindikatoren hat sich wieder etwas abgebaut, aber nicht sehr viel. Der schon große Abstand zur 200-Tagelinie vergrößert sich jedoch mehr und mehr. Wir erwarten für die nächste Zeit noch positiven Rückenwind im DAX, aber die Überbewertung im DAX ist immernoch ähnlich wie zur Dotcomblase. Wir wünschen Ihnen viel Erfolg Ihr Team der TradingBrothers