Buy Now And Sell LaterWe can see that the price broke an important trend line and then bounced from a support area, now it goes to retest with a double bottom pattern that just broke so it is a buying opportunity but the big move will be when the price makes its third touch with the blue bearish trend line
CFD
Relationship Between Price & volume & open interesthello everyone.
today i want to explain the relationship between price and volume and open interest.
we know that open interest means the number of positions (long/short)that is open.(in short OI)
if the price going up and volume and OI is going up too we can see very strong bullish sentiment in market.
if price going up but volume and OI going down it means that the price weakening and long positions is closing
so we have bearish sentiment in market.
if the price going down but volume and OI going up it means traders interst to open short positions
and the sentiment is very bearish.
and in the end if the price is going down and vol and OI going down too we can understand that
traders are tired from falling and want to close their short positions so we have a bullish sentiment in market.
hope that this is useful for you.
if you support me i will try to be better day by day...
thank you friends
Nasdaq100 weekly forecast and Daily Bias.Weekly Forecast.
Potential swing low forming @ 200 EMA zone
after a run on sell stops. 31% drop from all time high (average drop).
1.Price must not be lower than previous weeks low for a bullish
bias. Potential Head and shoulders on lower TF.
2. Price can potential run below EMA for buy orders.
D1 Bias
Price runs short term low and trades above it.
1. Creation of swing low confirms long
2. Target short term high 12600.0
The rotation of 2022. Out of Tech/Crypto into Agriculture.The market has taken a turn to a risk off scenario. When on spot without the capability to short, the most logical move is a rotation towards the most Risk-Off asset there is Agriculture. Under normal conditions gains in this area would be meagre at best. However, as producing countries face civil unrest due to rising inflations, we are seeing an increase in export bans, this is compounded by the Ukrainian conflict effect on wheat. So far there is a group of 20 countries some of daam top 3 producers in their respective crops imposing export bans that are planned to end in December 2022-December 2023.
With this in mind a hefty increase in wheat and other crops is expected. Aiming for FIB 4.
#LONG #TRADEOF2022
The great 2022 rotations. Tech/Crypto -> AgricultureThe market has taken a turn to a risk off scenario. When on spot without the capability to short, the most logical move is a rotation towards the most Risk-Off asset there is Agriculture. Under normal conditions gains in this area would be meagre at best. However, as producing countries face civil unrest due to rising inflations, we are seeing an increase in export bans, this is compounded by the Ukrainian conflict effect on wheat. So far there is a group of 20 countries some of them top 3 producers in their respective crops imposing export bans that are planned to end in December 2022-December 2023.
With this in mind a hefty increase in wheat and other crops is expected. Aiming for FIB 4.
#LONG #TRADEOF2022
The great 2022 rotation Tech/Crypto -> Agriculture.The market has taken a turn to a risk off scenario. When on spot without the capability to short, the most logical move is a rotation towards the most Risk-Off asset there is Agriculture. Under normal conditions gains in this area would be meagre at best. However, as producing countries face civil unrest due to rising inflations, we are seeing an increase in export bans, this is compounded by the Ukrainian conflict effect on wheat. So far there is a group of 20 countries some of them top 3 producers in their respective crops imposing export bans that are planned to end in December 2022-December 2023.
With this in mind a hefty increase in wheat and other crops is expected. Aiming for FIB 4.
#LONG #TRADEOF2022
XAUUSD Retrace or Reverse?As you see in the 4H time frame, price could not break the support zone and was pushed to the upside and pulled back to 1850.
The main trend is still bearish but we don’t know know if the downtrend has reversed or price is in the correction phase.
So, we should wait for the price reaction to the next resistance level around 1865:
If price breaks this resistance level and closes a bullish 4H candle above it, I expect more upside move around 1888.
On the other side, if price gets rejected from the red resistance level and closes a bearish candle below it as a sign of rejection, I expect the continuation on the bearish move around 1820 which is support area and in the case of a downside breakout on this zone, the next target would be around 1790.
XAUUSD Will Visit 1790?We have seen a significant drop on XAUUSD in the past few weeks, and as I expected in my previous analysis, price hit the targets.
We can see the bearish structure and the sharp downtrend in higher time frames. Price could break the support level at 1850 and closed bearish candles below that level.
Currently, it seems like price is doing some retrace and maybe it pulls back around 1850 for a retest.
The next support zone for price is around 1820-1824 and if price breaks this support area and closes a bearish candle below this zone, I expect more drop on XAUUSD around 1790 which is a support level.
USOIL Downside MoveAs you see in the 4H time frame, we are in a downtrend and price is moving inside a triangle pattern .
We can see that price is rejected from the triangle upper side and failed to break the last major high.
Currently, Price has broken the little ascending trend line and has been fixed below the trend line. It has pulled back strongly to the broken trend line and we should wait to see if it can break the last low for further drop.
Moreover, we can see negative divergence on MACD . Although price has made a higher high inside the triangle, MACD could not.
If price breaks the last low, I expect a fall on USOIL to retest the triangle lower side.
XAUUSD Still BearishXAUUSD is facing a strong downside pressure these days and as you see in the daily time frame, price has made a lower high.
Currently, price is approaching to the yellow support zone around 1890-1888 which has pushed it to the upside in the past.
But, since we are facing a bearish pressure and we have a downside structure, there is a high probability of the downside breakout on the support zone snd in the case of a bearish candle closure in lower time frames like 4H or 1H, we can expect more drop on XAUUSD around 1850.
Time for WTI for Price CorrectionIt can be concluded from the analysis that I present, that there will be a weekly price correction for WTI Crude Oil. The RSI indicator is showing Overbought, and the price will drop to $72.17 based on the points of the daily Moving Average (WMA) indicator.
Hopefully my analysis can help or complement your analysis. Thank you.
DJI potential for dip! | 11th April 2022Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a dip from our sell entry at 34895.37 which is an area of Fibonacci confluences towards our Take Profit at 34172.18 in line with 78.6% Fibonacci Projection .
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TRADE OF THE WEEK | Great Investment That Paid Off 💰
Hey traders,
At the beginning of January, we spotted together a great short-term investment opportunity on Natural Gas.
Buying major weekly structure support we were expecting a strong bullish wave to a current high.
Our confirmation was a double bottom formation on a daily time frame.
We bought the retest of its neckline.
Finally, the goal is reached.
Patience pays traders.
❤️Please, support this idea with like and comment!❤️