Anything can happen, but this is a bullish pattern coming from a downtrend. However it also means that if there isn't a bullish breakout, there's a long way down.
Not Financial Advise Learn How to Trade Crypto (without all the complicated terms and pattern memorization) This is a place to talk about trading strategies. The PERFECT place for Beginners and Seasoned Traders!
This triangle on the S&P 500 is still holding. As long as it is still inside there is no way to be certain of direction. Look for a breakout and the re-evaluate.
Highlighted marks when 10y is in positive correlation. Most clearly recently since 10y made a H&S and came down. Rut has tightly correlated and followed 10y to new lows, while Nas has ripped (although the direction of moves in Nas uptrend has correlated.) Tech is in many ways a long duration bond- so should follow 10y notes and be inverse from yield. Rut is...
SPX500 - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Sell SPX500 Entry - 3924.9 Stop - 3954.2 Take - 3881.0 Our Risk - 1% ❤️ Please, support our work with like & comment! ❤️
When Bank Safes Don't Feel Safe Anymore... Not just U.S. regional banks, but CreditSuisse the other day and now Deutsche Bank...investors seem to be wondering if they can feel safe with their banks, and that could lead to them first selling and then asking questions. So far, there doesn't seem to be much of a panic on the markets...yet. As we wrote in our...
SPX Is currently in a bear flag although it is breaking the supply curve. We are bearish unless the price finds support above the red box (4100)
I hope that after studying the series of posts about company financial statements, you stopped being afraid of them. I suggest we build on that success and dive into the fascinating world of financial ratios. What is it? Let's look at the following example. Let's say you open up a company's balance sheet and see that the amount of debt is $100 million. Do you...
Big level here for SPX. Could be a real make or break time for the downtrend. I think if we can hold inside of the last rally for a higher low and go through the spike high of the news at 4050 this would represent complete failure of the bear trend and open up a move to min 4400 and possibly to a new high. Min extension of a new high would be the bat pattern. If...
The S&P 500 lost its neutral zone channel bottom on the weekly chart, indicating a fall towards the next levels below. After the first sell-off, it corrected slightly but then lost the same support again, confirming the downward trend. It's now only a matter of time before we see the S&P 500 hitting its minimum in a sharp decline, accumulating a 22% drop since July 2022.
Narrative is explained in the video Trade Narrative/Checklist: Time and Price US PM Session 1:00-4pm 2 Hours of trading PRICE TAPE READING: 2. PDL Was taken out ( Liquidity Run) 3. Market Shift Structure - Long 4. Order Block 5. FVG 6. OTE Lot size multiple shot ( 10 lots) 2% Risk
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SPx stabilizing under 3925 will be bearish to get 3893 and under it 3860 but stabilizing above 3925 will be bullish to get 3946 and 3968 Pivot Price: 3925 Support prices: 3893 & 3860 & 3832 Resistance prices: 3945 & 3968 & 3983
S&P500 Index is trading in a bearish trend. Once, the price set the last low on a daily, a correctional movement started. The market was steadily growing within a bearish flag pattern. To catch a bearish continuation, wait for a bearish breakout of the support of the flag. If the price breaks and closes below that on a daily, a bearish continuation will be...
Overnight, S+P 500 Futures have dropped sharply on renewed "world" banking concerns with this mornings NYSE OPEN appearing to target the S+P 500 200 Day Moving Average at 3933.42. I am renewing my market opinion,back to BEARISH Yesterday's rally back to SPX 4000 appears to have failed once again., and price has "whipsawed" back down I have been writing that...
After the bearish break of the pattern, the visit to lower levels would be expected.
This is still a bear market and all signs point to sell every rally. The trend is your friend until it bends. A down trend is presumed until not. I will continue to short every rally until my last trade fails. Two key questions I ask myself every time is... 1. Why has price failed to breach into the April's Bearish candle. It has been contained below it for 10...
To become better you have to practice. Today ill be charting Hilton (HLT). Feel free to tune in. @ me for messages so I can see them.