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Weekly Forecast - Bullish Dominance On DXY Until Further NoticeDXY: We're looking at the weekly range for HTF perspective and it's painting a clear picture. Price is hovering just below 1W equilibrium and so highly probable that we will mitigate this level. I've scrapped the 1D fib ranges as these were arguably a bit too subjective given I could project the retracement from multiple levels. 4H is still bullish and until price begins indicating otherwise I'll be looking for continuation higher on the dollar. This positions me as bullish dollar pairs and bearish dollar cross pairs but upon a closer look, not all pairs are that black and white. My bias on the respective pairs for the week is as follows: DXY - LONG EURUSD - SHORT AUDUSD - NEUTRAL GBPJPY - LONG USDJPY - LONG As always, will provide a daily update as the market develops.
Long
by The_Modern_Day_Trader
Whats next for tesla?Because we lost the cup and handle i removed my drawings from last chart. i am still bullish on tesla, i was still prepared to that drop technically. it made sense for me that wallstreet investors and hedge funds would like to to buy on low prices after we robot. i bought me more shares of tesla (i bought at 188 on aug 5 and now at the drop ) and i plan to test resistance and basically hold for value investment because i do believe in the company and everything they do. The liquidity play was easy for me to identify so im not phased by the drop and i wouldnt be phased by some more panic sellings, on my previous post i showed my plans and my thoughts. The plan is the plan, the lines are the lines the data is the data. The double top on the right shoulder should be somewhat concerning to some players but if its to play a retest and a bearish reaction is high probability (fill the gap and nuke) so if we dont have power i will have an exit and protect my capital at profit. im bullish long term for me this is a swing fail pattern on the daily chart ezpz profits. if it loses? it aint nothing to a boss give it 10 years i'll do 30x head and shoulders target is around 400 usd (not changed from the cup and handle)
NASDAQ:TSLALong
by Captainobvious5454
BTC Potential Pullback After Upside Move to $66K-$67KDescription: Bitcoin has shown bullish momentum recently, with prices climbing towards the $66K- FWB:67K range. However, caution is advised for traders. Historically, sharp pullbacks often follow price rallies, especially when key psychological levels are tested. Scenario: Bullish Case: Bitcoin could rally further to the $66K- FWB:67K range, reaching resistance levels. If this level is broken, we could see a continuation toward $70K. Bearish Case: After hitting $66K- FWB:67K , we may experience a major correction. A strong rejection in this range could trigger a pullback, possibly to $60K or even $58K & 43k$, depending on market sentiment and volume. Strategy: For Long Traders: Be cautious as BTC nears the $66K- FWB:67K range. Consider setting tight stop-losses in case of a sudden reversal. For Short Traders: Watch for signs of weakness at resistance levels (bearish divergence, volume dropping, etc.) before entering a short position. Follow me for more Premium trade setup.
by Naveed_Azam_Zarrar
1
A classic setup for finding trading opportunitiesHi traders and investors! In a recent post, I talked about a classic setup. You can find the post below in the related ideas section. I decided to elaborate on it a bit more because this setup frequently appears across different assets, and certain elements of this setup are common in various trading methodologies. In this article, I used a bar chart because bars take up less space, making it easier to see other elements of the chart. Take a look at the chart. The seller's move from the 52,550 level updated the previous local high. The bar with the highest volume in this entire buyer's movement is the bar from September 18. The 50% level of the entire buyer's movement lies within this bar (!). Next, we see the seller's movement, and on October 3, a test is formed within the key buyer's bar, at the level of 59,828.11. The price didn't reach the 50% level (59,524). The key seller's bar in this movement (the bar with the highest volume) is the bar from October 1. The 50% level of the entire seller's movement is within this bar (!). Next, we see the buyer's movement, and on October 5, a test is formed within the key seller's bar, at the level of 62,484.85. The price didn't reach the 50% level (63,163.06). Then we see the buyer's attack on the test level of 62,484.85 and the 50% level of the seller's movement (63,163.06), followed by the seller returning the price below the test level, accumulating volume for a downward move. After that, the local minimum of 59,828.11 was updated. Then, the seller attacks the test level of 59,828.11 and the 50% level of the buyer's movement (59,524), and the buyer returns the price above the test level, gathering volume for an upward move. What happens next... we will soon see. This is how the buyer's attack on the 50% level of the seller's movement looked on the 4-hour time frame. No differences whatsoever. Although, maybe I didn’t look hard enough. The key bar of the seller's movement intersects the 50% movement. First, there’s a test below the 50% level (test level 62,975), then an attack on the test level and the 50% level. Hope you found it interesting. Good luck with your trading and investments!
Education
by AlexeyWolf
2
XAUUSD. Impressive traded volumes on GoldHello traders and investors! An interesting situation is unfolding with gold, with impressive traded volumes. Weekly Timeframe (TF) There is an uptrend. The start of the last impulse is at 2471.915, and the end of the impulse is at 2685.64. All three candles in this impulse show increased volume. The key candle of the impulse is the last one (marked "KC" on the chart with the largest volume in the impulse). The seller's correction candle (from September 30) and the buyer's resumption candle (from October 7) have even larger increasing volumes. However, neither the correction candle nor the buyer's resumption candle showed results relative to the key impulse candle—they both closed within the body of the key candle. Moreover, the volume of the buyer's resumption candle was 75% higher than the volume of the key candle and 50% higher than the correction candle. This weekly volume was the highest for both 2023 and 2024( ! ). I would like to see some results from such volume. Daily Timeframe On the daily TF, there is a sideways movement since September 30 (point 4 was formed). The upper boundary is 2685.64, and the lower boundary is 2624.78. The current buyer's vector is 6-7, with potential targets of 2673.26 (first) and 2685.64 (second). The seller's vector 5-6 has effectively broken through the lower boundary of the range. The key candle of the seller's vector from October 8 is the last one in the vector (marked "KC" on the chart, with the largest volume in the vector). On Friday, October 11, the buyer absorbed this seller's candle, forming a buyer's zone at the lower boundary of the range (green rectangle on the chart). The traded volume in the candle from October 8 was the largest of all of 2024( ! ). Summary On the weekly TF, we have massive volume, which has not yet led to a new high. On the daily TF, the seller's impressive volume was absorbed by the buyer, and the current buyer's vector is active. I suspect the weekly buyer simply hasn't had time to show results yet—there wasn't enough time. The priority is to look for buying opportunities. The first potential target is 2673.26, with the second at 2685.64. Good luck with your trading and investments!
OANDA:XAUUSD
by AlexeyWolf
3
TSLA in danger zoneOnce again I called another local top on TSLA, the fanboys and girls fought me about it and blindly bought more overpriced assets. I have been calling for this rejection for weeks/months. The stock is simply overpromised, overvalued, and overhyped. Lets take a deep dive at this updated chart. You will note that golden fib has rejected twice with conviction. Each time falling through the prior fib, we will likely revisit the initial wedge breakout again (bull trap). My belief here is that the market is starting to become overpriced, look at the falling average volume on TSLA (purple MA). This mixed with a potential breakdown of the OBV signals bearishness. My target here is 189$, I would not rule out a flash to 153$. I expect a short term bounce into earnings which is why I sold a bunch of CSP on TSLL around 9.5$ and bought commons.
NASDAQ:TSLAShort
by Apollo_21mil
THE PLAN IS THE PLAN Like i said before and i will say again im bullish on tesla and after the event im MEGA bullish on tesla As i managed to anticipate the scam dump since yesterday on premarket dont think the market is bearish dont be triggered to think it is, DONT BOTTOM SHORT. We are at the 100 daily EMA and that is MEGA FAIR VALUE for WALLSTREET. This whole dump is to grab retail traders money. BUY NOW while you can. CUP AND HANDLE TARGET IS 400! We are right now on october lowest point and below the value area high and actually at the 3 months POC. i've been covering tesla since around august dont say you didnt know! TSLA MOONING
NASDAQ:TSLALong
by Captainobvious5454
BTCUSDT. Trading opportunityHi traders and investors! Update on the Bitcoin situation. Daily Timeframe On the daily time frame (TF), the seller's candle with increased volume did not yield results relative to the wick of the previous candle. Hourly Timeframe On the hourly TF, there is a range, and the buyer is defending the lower boundary of the range at 59,828. The current buyer's vector is 5-6, with a potential target of 63,468 (64,478). The key candle (the one with the highest volume) in the seller's vector 4-5 is at the bottom of the vector ("KC" on the chart), and it was absorbed by the buyer. Highlights Based on both the daily and hourly TFs, the current priority is to look for buying opportunities. Threats to the buyer: The level marking the start of the seller's last sub-impulse on the hourly TF is 61,321, which is also the high of the last daily candle. There's also a seller's zone (red rectangle on the chart), with the lower edge at 62,326.
by AlexeyWolf