Austin_Palmer

Austin_Palmer

FUNDAMENTAL, SENTIMENTAL AND TECHNICAL ANALYSIS of DXY and its implication on the correlated instruments noted in the title. FUNDAMENTAL ANALYSIS Bullish Indicators: 1. Stock Market: The market is near its highest point (6118 vs. a high of 6130), indicating positive investor sentiment. 2. Unemployment Rate: At 4%, it's relatively low and shows stability...

Austin_Palmer

- Daily timeframe Swing structure remains bullish but as anticipated internal structure is pulling back to an origin demand zone. The question that remains now is whether this demand zone will actually hold price and eventually drive the market higher of is this the start of a bearish trend on NASDAQ? · Bullish bias - Four-hour...

Austin_Palmer

- Daily timeframe Swing structure is bullish and we just had a retrace into internal demand and there seems to be a strong reaction from this demand zone. · Bullish bias - Four-hour timeframe The swing structure is bullish and internal is bearish, assuming that the internal is only facilitating for a pullback and we tapped into...

Austin_Palmer

- Daily timeframe This is a complex structure, which may be a bit confusing to even advanced traders but consider the last break of structure and how we virtually had no pullback until 11 July and see why this is a bullish market structure with some complex internal structure. So we had a small pullback as anticipated into an imbalance but the question begs if...

Austin_Palmer

- Daily timeframe A pullback is due on XAUUSD and the dollar looks to be gaining some strength. I think this pullback may be the next course for price action as we go into the FED meeting for apparent rate cuts in September. • Bullish bias - Four-hour timeframe 2497.400 was the actual start of the supply zone but the market traded all the way to the...

Austin_Palmer

- Daily timeframe The last break of structure was bearish and we are sitting in the supply zone responsible for that break of structure. Will we see a sell off or a new high? Let’s look to the four-hour timeframe for hints. • Bearish bias - Four-hour timeframe The last break of structure is bullish, now putting aside my thoughts and just looking at the...

Austin_Palmer

- Daily timeframe We just broke bullish structure so a pullback is in the horizon. This means a little bit of bearish price action in the meantime. Will it be into discount? I don’t know we have a huge imbalance that will try to act as support • Bullish bias - Four-hour timeframe We’ve seen a bearish break of structure, confirming the imminent daily...

Austin_Palmer

- Daily timeframe At the time of recording this, the last break of structure is at the low . Leaving behind the supply responsible for that break of structure. • Bearish bias - Four-hour timeframe The last break of structure is at 100.923, showing an alignment of the four-hour timeframe structure with the daily timeframe. We wait to see if the supply...

Austin_Palmer Updated 

- Daily timeframe We have just had a break of swing structure so in my mind, I am already preparing for at least an internal pullback. If we see the internal structure break then I will look for a deeper retracement but this may not happen until a full -27 percent extension. • Bullish bias - Four-hour timeframe Internal structure is bullish and broke...

Austin_Palmer Updated 

- Daily timeframe Price broke bullish structure and retraced into the demand that caused the bos. • Bullish bias - Four-hour timeframe We had a bullish i-bos as price bounced of the daily • Bearish bias - 15-minute timeframe 15-minute swing structure shifted bullish which is in line with the daily timeframe swing structure • Bullish bias How do I...

Austin_Palmer

- Daily timeframe From the last analysis, we have established that the daily timeframe swing structure is bullish and bore fruits this past week. Price is sitting in an internal supply zone; this may lead to a temporary pause, which will allow us to add to our positions. • Bullish bias - Four-hour timeframe Swing structure here is still bearish and we are...

Austin_Palmer

- Daily timeframe Swing structure is bullish and we are deep into discount with the correction. I suspect we may see price try to complete the continuation phase as we respected the demand zone as illustrated on the chart. Internal structure, however, is still bearish so trade with caution • Bullish bias - Four-hour timeframe Internal structure has...

Austin_Palmer Updated 

- Daily timeframe Swing structure is bullish, however price is in a corrective phase and tapped into discount, the only question remains is whether this correction will continue or if price will turnaround at this point to continue its bullish price action • Bullish bias - Four-hour timeframe Focusing on the last leg of the daily internal structure, we can...

Austin_Palmer

DOW JONES INDEX│ US30 │ 29 July - 2 August 2024 - Daily timeframe As per previous analysis, price has managed to trade below fair value. What makes me think that Friday’s rally was a false move is because of the fact that that 3-candlestick pattern that constitutes a swing point has not formed. The market is likely to dig below last week’s low. Do not confuse...

Austin_Palmer

DOW JONES INDEX│ US30 │ 22 - 26 JULY 2024 - Daily timeframe Illustrated by the red & grey dot are the weak & strong highs and lows respectively. The daily timeframe is currently experiencing a pullback and will only be confirmed bearish at the break of 39176.0 Although we are in discount price has not tapped into of the PD Arrays I look for • Bullish...

Austin_Palmer

- Daily timeframe Finding it very difficult to build a solid bias if I am honest. North of current price action, lies imbalance in the form of fair value gaps and south of current price action resides a ton of clearly visible lows where sell side liquidity is accumulated. - Bullish Scenario A case can be made for bullish price action on the basis that we just...

Austin_Palmer Updated 

I usually elaborate on why I take trades but I am too lazy to type out plus the chart is self explanatory.

Austin_Palmer Updated 

Weekly timeframe As anticipated the highs were raided even if it was a mere ±40 pips. So what is next? Bullish scenario we may see participants run us all the way to round levels – 40100; 40200; 40300; 40400; 40500 and so and so forth. Where it turns around to sell, I do not know. However, if we do see it sell there are two fair value gaps we can look for a...