Trading Channels Daily Video Update (18.06.24)
A technical look at major indices, commodities, FX pairs, agriculturals and cryptos.
The Daily Video Update includes SP500, NQ, RUT, DJIA, DAX, FTSE, all major FX pairs, oil, gold, silver, platinum, natgas, all agricultural commodities, cryptocurrencies)
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A FEW SAMPLE CHARTS FROM THE DAILY VIDEO:
ES (SPX) bounced off the blue + golden double support and got to another new ATH exactly as expected in yesterday’s post. If it drops and breaks the blue support, the red bottom band will be the next potential support. You need to draw these lines and actively watch how it behaves at those lines to be able to trade them.
GOLD has to break the purple resistance to run to the blue and red double resistance. If it breaks the green support rail, it may test the golden bottom band for the third time. We will buy it when the market tells us the correction is over. How do we know it’s over? It’s the correctly drawn lines that will tell us where we go next with precision, probability and risk control.
BITCOIN is breaking the blue support today which is why I’ve sent several warnings to bulls since yesterday. Unless, it breaks back above and breaks out of the black small bull flag, it will probably sell deeper and get to sub 55k.
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