The S&P500 is looking to break back above the 4300 key level of resistance. Should it do this I expect the asset to rest to 4400 minimum and so will close the rest of my short, I do not expect to go long as of right now. The larger time frame still suggests that we are now in a downtrend, with the lower high and lower low - A third consecutive lower low would...
We traded AMD for over 100% leveraged profits a few moths ago. After hitting both our targets it made its way back to support to give us another great opportunity with a perfect RR. Check out our older trade and it's perfection. This trade is less convincing than the last, however the stop loss level is clear as there would be no reason to hold the asset below...
NATGAS is lining up to break out of this bullish consolidation structure/ bull flag and reaching its next resistance zone around 3.4-3.5. This resistance also coincides with the measured move of this bull flag. Upon entering on the breakout my SL would be below the previous lows giving a 2-1 RR.
I noticed that most of my posts get most of their views after the move has happened, and it made me think about how I used to trade - reacting emotionally to big price moves and thinking that the opportunity is still there when most of the time it isn't. You need to constantly analyse the market to spot potential opportunities at great levels. We do this...
Gold has broken out of its downtrending supply line after putting in its first higher low since APRIL. I would like for a retracement to 1916-1920 which would give you a great entry as I posted this trade late. Good luck!
The DXY had been on a formidable run that we predicted over a month ago. Now it's showing a lot of weakness at a key level. We are not in a short yet but we are longing GOLD and will enter other positions when the DXY makes a concrete move. The 4h chart paints a great picture for the bears.
Spring Backtest of old support after FAKE breakdown. Along with three rising inverse valleys. This is a textbook play with a tight SL below the third valley and support.
Unfortunately i couldn't post this at the time of the entry, however the trade is still equitable if taken now. Nasdaq short for reasons shown on the chart. Comment any questions you have.
Pretty easy one to comprehend. 4 edges to short explained and levels for tp are clear.
I will add an update tomorrow with the reasons why its not looking good. Same explanation as for IT.
BTC reacted to the news of the Grayscale ETF being approved with a 6ish % pump, this has gotten a lot of people speaking about new highs and finally a break above the 31k level. However, BTC broke its bullish trend and it's current pump is only resulting in the development of bearish diversion with an already apparent decrease in volume. We are also in the...
Disappointing earning resulted in Apple finally getting that retracement that's been long awaited and finally breaking a 210 day bullish demand line. Now there are three options to consider. At some point Apple IS GOING to test the former resistance shown by the red box and this ss below. Once it does we'll be looking for its Price action. As a Bull I'd...
The DXY has been on a tear, as we had predicted, for the past couple of months. It has now reached a major resistance zone and could cool off for a little while. It is showing a bearish edge and a perfect short opportunity with an inverse cup and handle as shown below: In turn this gives us the chance to long a more volatile asset such as the GBP/USD....
Zoom has flirted around this level for a while now giving us a perfect opportunity to enter a long. In this set you have to understand the orange support. Why would buyers bring the price back above and confirm it as support once again after all this time? Because sellers failed and are exhausted. See you at the Take Profits.
GRT broke below our initial stoploss. If you followed the updates posted on the trade you would've seen that we did NOT in fact EXIT the trade at the SL and WE ARE STILL IN LONG. I've adjusted the SL since this and will update further. The breakdown was weak and the 11c level has been tested three times since. We broke the downward trend line and have since...
The Eur/Usd has been in an elongated channel for the better part of half a year. This channel isn't inherently bearish, however the DXY has shown recent strength after breaking above old support and retracing over 4%. We watch the EURUSD chart closely to see whether we break down from this channel which will probably mean a few months of bearish PA. My...
Live Cattle Futures is probably an asset that you have never looked at and never thought to trade. However, it has been in it's own bull market for the past 3 years ! Having said that, now the chart is showing clear weakness and giving us the perfect entry to the trade with an incredibly low risk and high potential reward. Hitting the first tp would keep it...
After hitting all of our take profits we are looking for the next trade set up. We broke the daily support that dates back to March and there isn't any current major support that we are close to. This along with the bearish divergence and rejection around the .886 retracement inclines me to think that we have now began a major leg down that could bring us back to...