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Weeklymarketsanalysis

XAU/USD 22-26 Jan 2024 Weekly Analysis-> Swing: Bullish. -> Internal: Bearish. -> Did not reach EQ. Price has not yet reached 50% EQ and price is still in pullback phase in the premium swing/internal, therefore, I would be looking to short. Price has rejected the Weekly weak Swing High but respected the weekly strong internal high. Price wicked in excess of Weekly Swing high but failed to close above. This presumably was to sweep liquidity above the strong internal high. Bullish pullback following bearish iBOS now most likely complete and will target weak internal low. Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated. As mentioned last week, request to LTF's would be to shift bearish which price did. Anticipate structure to indicate end of pullback phase.
OANDA:XAUUSD
by Khan_YIK
PYR Weekly Imbalance Retest : $10 are comingPYR, the crypto that patiently accumulated within a horizontal range, unleashed a rapid breakout, leaving behind a significant weekly imbalance. As we tread water in an ascending channel, the journey to surpass the upper bounds awaits a strategic retest, targeting the elusive $10 milestone. Key Observations: Extended Accumulation Period: PYR underwent a prolonged phase of accumulation, consolidating its value within a horizontal range. This accumulation laid the foundation for a potential explosive move. Swift Breakout and Imbalance Creation: The breakout from the accumulation range was swift, propelling PYR to new heights. However, the breakout left behind a conspicuous weekly imbalance, signifying a significant pool of untraded volume. Current Scenario and Anticipated Moves: Ascending Channel Dynamics: PYR is currently traversing within an ascending channel, marked by higher highs and higher lows. The channel signals a bullish bias, but challenges lie ahead. Struggling at the Channel's Upper Boundary: Despite the bullish momentum, PYR has faced resistance at the upper boundary of the ascending channel. The inability to breach this level suggests a need for a strategic move. Anticipated Move - Retest Strategy: Retest of Weekly Imbalance and Range High: To fortify its ascent, PYR is expected to undergo a retest of the weekly imbalance left by the breakout. This anticipated retest aligns with the range high, providing a confluence of support. Critical Juncture at $10: The strategic retest becomes a crucial juncture, determining PYR's ability to overcome historical resistance. A successful retest could pave the way for a decisive move towards the $10 psychological level. Strategies for Traders: Observing Price Action at Key Levels: Traders should closely monitor price action around the weekly imbalance and the range high during the retest. A strong bounce from these levels could signal a renewed bullish momentum. Setting Strategic Entry Points: Consider setting entry points in alignment with the anticipated retest, ensuring positions are strategically placed to benefit from potential bullish moves. Conclusion: PYR's Odyssey Continues PYR's journey, from patient accumulation to a breakout with lingering imbalances, is a testament to the complex dynamics of crypto markets. As we stand at the threshold of a potential retest, traders brace themselves for a strategic move that could propel PYR towards the elusive $10 mark. 🚀 Ascending Channel Dynamics | 🔄 Imbalance Retest Strategy | 💼 Strategic Entry Points 💬 Share your insights on PYR's journey and your strategies for navigating this crucial phase! 🌐✨
Long
by Yaroslav_Krasko
EURO Futures (EURUSD) Weekly Outlook... BULLISH1. Daily Swing structure is bearish, after this clear break of market structure. 2. The internal structure is bullish, as price pulls back into premium. The reaction to supply is significant. It potentially indicates the end of the retracement, and price now seeking external LQ at the swing low. 3. I am monitoring the FVG above closely. Should price trade through it, it would indicate price has bearish momentum, and strengthening the idea that the pullback is over. Should this bullish PD Array hold, price could potentially make a HH, and head to the premium old high.
CME_MINI:M6E1!Long
by RT_Money
EURUSD Jan 8th-12th 2024 Weekly Trade Setup-LONGJan 8th-12th 2024 Weekly Trade Setups See blue long trade 1. Long Play: C- Probability due to being counter swing and counter Internal. The main reason to trade this would be the trade has momentum more bullish than bearish. 2. This would be an investor trade. Very Long Term Entry Price: 1.08729 Stop Loss: 1.05789 Take Profit: 1.13105 or trail the trends and scale in when all risk is off the table Please Follow me: I would love to scalp live on tradingview Jan 8th-12th 2024 Weekly Chart Analysis 1. Price is in the weekly internal break of structure (See Green 1 for Reference) and ranging between the equilibrium of the weekly Ibos strong (See 2 for Reference) and the weekly Ibos low Weak (See 3 for reference) 2. Price is currently in the weekly A.1 Supply Zone with momentum to the upside. (See 1 for reference) 3. Price has had a change of character to the bullish upside in the weekly I-Bos swing range (Between 2 & 3) 4. As of Jan 06rd 2024 the weekly i-bos (Green 2 for reference) is protected and is the strong structure . 5. As for my risk management framework price is more likely to us this supply zone (W A.1) to generate a move to the downside using the buy-side liquidity to induce market participates. 6. The Framework is to trade from strong protected orderflow (square zone with W on right hand side See black* to the left hand side) for reference)
Long
by Trader_Miles
XAUUSD POSSIBLE MOVE WEEKLY CHART The US Dollar maintained its positive tone throughout the first half of the day but changed course after the American opening. As a result, XAU/USD bounced from a fresh weekly low of $1,944.71 to trade above the $1,960 mark. Financial markets maintain cautious optimism amid hopes central banks are done with monetary tightening, despite policymakers insisting on keeping the door open for additional rate hikes. Richmond Federal Reserve Bank President Thomas Barkin delivered some encouraging words on Thursday, as he said the economy is “remarkably” healthy, noting real progress on inflation. He also added that the job is not yet done, as inflation remains high. Finally, he said that any downturn might be less severe than in past recessions and that the labor market is now more balanced. In a separate event, Atlanta Fed President Raphael Bostic reiterated that the full effects of the recent policy are yet to be seen. Later in the day, US Fed Chairman Jerome Powell will participate in a panel discussion titled “Monetary Challenges in a Global Economy” at the International Monetary Fund (IMF) and could comment on monetary policy.
OANDA:XAUUSDLong
by FxJack17
ULTRATECH CEMENT- PATHWAY TO 12K AS PER WEEKLY WAVE COUNTSThe largest and most prosperous cement company of India- Ultratech Cement is expected to have more upside of 30-40% from current levels as the weekly wave counts suggest. To put it in very simple words without using too much of Elliot wave jargon, the next leg up is unfolding now which can be projected going somewhere closer to 9200.(the current wave structure technically should be labeled as 1-2-I-II-i-ii-iii-iv-v, which is simply read as Wave v of Wave III of Wave 3). The inner rising channel boundaries can be used as a pathway until the bigger wave 3 does not complete. I hope the chart is self explanatory and would not require too much of decoding as to what i am trying to convey. Note*- this is not a buy/sell recommendation. this post is for educational purpose only.
NSE:ULTRACEMCOLong
by neeraj_2_sharma