Ethereum Declines Forth Day In A Row Testing HTF EMAs

ETH/USD declines forth day in a row. Testing major daily EMAs for buyers. Macro perspective shows weakness with outside bar. Read more on The Private Banker >>

Gold With Support Around Daily Bracket Low – Possible Inside Week Failure

Gold is quite rotational and found support around the current bracket low on the daily periodicity. 

 Macro perspective such as the Quarterly view testing the macro bracket high while the monthly is framing higher. Previous week was an inside week and the market found absorption around the prior low which could evovle into a bullish inside week failure.

Reposted of The Private Banker

NIO Breaks Out of Balance And Framing Higher + Balance Sheet Chart

The chinese EV (electronic vehicle) manufacturer NIO broke out of its balanced behavior on the daily periodicity which occured for several days above the major HTF EMAs and explores new highs anlongside TSLA. 

Macro perspective framing higher as well. Weekly with previous outside bar followed by change in the market context towards a balanced behavior with several inside weeks broke out above that rotational price range. Quarterly and monthly perspective one-time-framing higher to discover new higher prices. 

Quite optimistic viewpoints out there. Pullback towards the prior bracket high or mean to find new buying activity probable. Could be confluent of a test with the EMA50 as well. We’ll see. 

 Here the current Quarterly balance sheet of NIO:

Reposted from The Private Banker

Qualcomm inc. Testing Upper Balance Area On Daily + Balance Sheet Chart

Qualcomm inc. (QCOM) is balanced and testing the upper extreme on the daily perspective. The market trades above the major HTF EMAs. Looking for bullish activity at the lower balance extreme and swing low for now 

 Macro perspective is trending higher on the Quarterly and Monthly periodicity. However, the previous week closed as an inside week. The market testing the higher area for sellers. Could establish an inside week break higher to have a bullish sign. Second scenario would be absorption around the current highs to close with an inside week failure. In this case we would wait for a retest of the mentioned daily lower balance extreme for bullish activity and patterns. 

 Here we go with the current visual Quarterly balance sheet chart for QCOM. More analysis and financials about other stocks on our forum for members.

Reposted from The Private Banker

The VWAP Handbook

NEW material for our coummunity is available. Discover the new VWAP handbook which shows the basic function of this indicator and further more various common scenarios on which we could lean on. A great addition to our TPO profile handbook to look for confluence between these two important tools in our trading methodology.

Read the VWAP handbook here >> (Only members)

Crude Oil WTI CLN20 Heading Towards Gap

The CLN20 contract (Continues Back-adjusted) heading towards the open gab once the market broke out of the micro bracket which is visible on the daily perspective. Looking at the hourly periodicity we can observe three areas which market could pullback towards to find potential support. The previous micro bracket's high, the mean of the prior balance area and it's lower extreme. For now we can wait for either a bearish pattern to conclude the pullback scenario or simply waiting for a bullish pattern to continue the trend towards the open gap which should be revsited and filled soon.

E-mini S&P 500 Trending Higher Towards Bracket High (SPX - Plain Analysis)

Yesterday the ES June contract (ESM0) closed as an inside day without testing the high or low of Friday's price range. As the market dips into the high highs we can conclude a possible inside day failure pattern. For this we should look out for absorption patterns on the lower timeframes such as the hourly periodicity. A conclusion would be a pullback to the previous balnaced price range followed by support again. However the market heading towards the next level of possible resistance which would be the prior bracket high. Let's see how the market will evolve around the highs for now.