Volume tripled since morning and it jumped from $1 area "on air" to $1.30 area which means hundreds of million of shares are still trapped in this trade on the shortsell side and will have to exit one way or another without risking holding overnight and getting their accounts blown out. We know when shortseller wants to exit he needs to cover to buy so it gives further buying to the stock.
? Pair: XAU/USD (Gold) ? Trade Bias: Bullish • Buy Entry: Around 2,816.691 • Take Profit (TP): 2,882.344 • Key Level (IDM): 2,839.487 ? Plan: Waiting for price to take out the IDM level before moving into my order flow for a refined entry. Will look for a CHoCH flip on the 5M timeframe within the order block to confirm bullish intent. ? Note: Price action near the IDM level and 5M confirmation will dictate the actual entry. Staying cautious until all confirmations align.
2/6/25 :: VROCKSTAR :: NYSE:PINS Considering long EPS... - so u get NASDAQ:META talking about ad revenue, NASDAQ:GOOGL strong on this frong, even NYSE:SNAP (which it's own basket of broBS) strong on this front too - the google trends for pinterest esp on the worldwide basis are legit strong - YES YES sbc is high in this FCF equation - but legit, this only compounds when the company is in trouble and/or growth stalls on the share price (usually both happen at the same times... but you know, mr mkt sometimes does funny things :) - anyway, nearly 5% "fcf" (quotes bc of the sbc piece) and growing teens is, frankly, ownable. - i think cathie woods likes this *long sigh*. didn't look but hopefully cramer isn't recommending it. - all jokes aside, this could be a good punt on the long-side into print. i'm 60/40 about to pull the trigger. anon push me off... or keep me from jumping V
Sterling turned from confluent resistance today on the heels of the Bank of England interest rate cut. The objective yearly open is eyed at 1.2513 with the upper parallel of the September pitchfork further highlighting the technical significance of this zone. Support rests with the 61.8% retracement at 1.2261 - losses should be limited to by this level IF price is heading for a breakout here with a close above the 38.2% retracement 1.2609 needed to suggest a more significant low was registered las month / a larger reversal is underway. U.S Non-Farm Payrolls on tap tomorrow- watch the weekly close here. -MB
CRYPTOCAP:LINK is about to touch the Golden Pocket—what an opportunity to load up, right!? Not so fast, cowboy. Take that finger off your trigger, no matter how many influencers are telling you to fire. This could potentially be the most poisonous Golden Pocket I've seen in a long while. Take a look at the chart that almost nobody is paying attention to—the LINK/BTC chart. It shows the relative strength of this fundamentally solid asset against the King. Ever since I started paying close attention to these pairings, my losses have been reduced significantly. I consider this my secret weapon in trading, so appreciate the fact that I’m sharing it here. If you want to level up your game, add it to your standard equipment. Cutting to the chase: LINK has just lost: the 200 MA, the most crucial pivot horizontal level (yellow arrows show exactly why staying above it was key), and is now testing the neckline of a Head & Shoulders pattern. If that neckline breaks, we could be looking at a 54% decline in relation to Bitcoin. RSI on this chart? Downtrend since mid-December, sitting at 35.5—not even oversold yet. Translation? Plenty of blood left to be drained. On the regular LINK/USD chart, things aren’t any prettier: Lost the 50 MA on Sunday Lost the ascending trendline with a bearish retest this week (confluenced with the 0.5 Fib retracement level) About to print another Lower Low, fully confirming a Bearish Market Structure Momentum indicator? Same as on the LINK/BTC chart—no divergence, no signs of life. And then there’s the Liquidation Heatmap, showing the next pools of liquidity below the 200 MA. So even positioning there makes zero sense to me. Still wanna enter? Go for it. The motto stays the same in this space: you do you. I just blog—that's my only role here. ?? PS. I publish my stuff regularly on Binance SQUARE, more images are allowed there, and no cap on a number of posts/updates, unlike here. With this post, I have included the Liquidation Heatmap and both charts: LINK/USDT and LINK/BTC. Here, I cannot. Check it out: app.binance.com/uni-qr/cpro/Square-Creator-52b223424?l=en&r=81770287&uc=app_square_share_link&us=copylink
In this video, I dive deep into the BOS (Break of Structure) Logic Indicator, showcasing its versatility and precision across multiple timeframes—from the Daily to the 1-Minute chart. Discover how the indicator helps identify key breakout and retracement opportunities, guiding traders in capturing high-probability setups. I break down the core logic behind the concept, including: Daily timeframe analysis to determine major trend direction and liquidity points. Transitioning seamlessly through the lower timeframes (30m, 15m, 5m, and 1m) to pinpoint actionable opportunities with precision. How the indicator highlights potential trade setups and variations for both conservative and aggressive trading styles. Whether you're a swing trader looking for the bigger picture or a scalper seeking quick opportunities, this indicator provides adaptable insights tailored to your trading approach. Clear examples, live demonstrations, and practical explanations ensure you walk away with a comprehensive understanding of how to integrate this powerful tool into your strategy. Watch now and take your trading to the next level!
The price has been in an uptrend since September, making higher highs and higher lows. A sharp rejection from the recent high indicates potential bearish pressure. The price is currently hovering near a support leveL , The chart also indicates a possible head and shoulders reversal pattern. If the price breaks below the (support), it may continue down towards the 1.38542 level. If the price bounces from the support zone, a temporary bullish retracement could occur before further downside.
? Pair: EUR/USD ? Trade Bias: Bearish • Sell Entry: Around 1.04611 • Take Profit (TP): 1.02118 • Key Level (IDM): 1.04344 ? Plan: Currently, the 30M CHoCH has confirmed bearish intent. Waiting for price to mitigate the 30M order block, then dropping to the 5M timeframe for a CHoCH flip and refined entry. • Confirmation: Liquidity sweep and strong bearish momentum on the 5M after mitigation. ? Note: Patience is key. Entries are approximate and depend on mitigation and structure flip. Bless Trading!
ORCL looking like a short on the daily chart. Tight stop. Nice R/R
Gold keeps its inconclusive price action below the $2,870 region per ounce troy on Thursday against the backdrop of a marked recovery in the Greenback and a mild rebound in US yields across the curve. Investors refrain from taking large positions ahead of Friday's key US jobs data