How to Improve Your Trading by Looking at Interest Rates: Part 1
Education
Why Are Interest Rates Important?
TVC USA 10 Year G...
Hello everyone!
This month we wanted to explore the topic of interest rates, what they are, why they are important, and how you can use interest rate information in your trading. This is a topic that new traders often overlook when starting to trade, so we hope this will be a useful and actionable series for new traders looking to learn more about macroeconomics and fundamental analysis$BTC #BinanceHODLerPLUME #ETHInstitutionalFlows
We have completed 5 expected downward waves, a corrective rise to the 61 Fibonacci levels and continued descent to complete the pattern at approximately 1102 #BinanceHODLerPLUME #ETHInstitutionalFlows $BTC
UBFO is moving in a short-term uptrend, with bullish momentum as long as the price holds above 9.01. The current resistance is at 9.43, and a breakout with a strong hourly close and high volume could lead to 10.08, then 10.73. A break below 9.01 may push the price down toward 8.52. The outlook remains positive as long as the uptrend line is intact.$BTC #BinanceHODLerPLUME #PowellWatch
The price is currently in a downward corrective movement.
It is approaching a strong support area that combines the lower boundary of the upward channel and the blue area.
As long as this area holds, the likely scenario remains a resumption of the upward trend towards higher levels.
The positive scenario will be confirmed by a clear rebound from support, with the possibility of targeting the upper boundary of the channel as a subsequent stage.$BTC #BinanceHODLerPLUME #PowellWatch
The (S&P 500 (SP index is currently at the peak of an ascending wedge pattern on the daily frame, which is one of the reversal patterns that usually precede strong corrective movements if the price fails to break through the pivot level now at 6485, which is the top of the wedge and the highest current historical peak.
Multi-School Technical Analysis
Price Action
The recent price movement shows a strong upward wave but with momentum that has begun to slow near resistance, with candles showing upper shadows reflecting some profit-taking.
Elliott Wave
We are currently in the fifth upward wave on the daily, increasing the likelihood of entering a corrective wave (A-B-C) if the lower bound of the wedge is broken.
Fibonacci:
The 161.8 extension of the previous wave intersects with the area of 6480 - 6500, making it a technically double resistance area. $BTC #BinanceHODLerPLUME
Gold (XAUUSD) is currently ranging between clear supply and demand zones on the 4-hour timeframe.
Supply Zone: Located near the upper boundary of the blue sloping pattern, it represents strong resistance from which we have seen several previous downward bounces.
Demand Zone: Found at the lower boundary of the pattern, this is a key support area from which the price has bounced several times, increasing its strength.
As long as gold trades within this range, the following scenarios remain:
- As we approach the supply zone, we will watch for selling opportunities with the downward trend on smaller timeframes.
- As we return to the demand zone, we will watch for buying opportunities with the upward trend on smaller timeframes.$BTC #CryptoIntegration #MarketTurbulence
As shown in the chart, we have a completed Wolfe wave consisting of five main points with perfect adherence to the model rules:
Wave 1-2 is the beginning of the corrective movement after an upward trend, representing the first reversal point.
Wave 2-3 is a strong decline with the formation of a new low above the previous low, confirming the path.
Wave 3-4 is a natural corrective rebound, exceeding the previous peak (2).
Wave 4-5 is the final drop to touch the lower channel line connecting points (1 and (3) at the golden point 5 where the upward reversal begins.
The first target area: is located between 152.65 and 166.83, which is the first green area, and represents the standard target for the model after breaking the trend line $BTC #CryptoIntegration #MarketTurbulence
#CryptoIntegration The USDJPY pair is moving within a clear upward channel on the daily timeframe, maintaining the overall upward trend.
Currently, the price is approaching a key support area that intersects with the lower boundary of the upward channel, which is an area where the price has previously bounced several times.
As long as this area holds, the likely scenario is a continuation of the upward movement, with the upper boundary of the channel as the main target.$BTC