Hi All,
This is part of the previous post just done before, link below.
This obviously cannot be taken seriously until certain things\events are confirmed and ticked off.
But having said that, I like to strategize and use it as a documented learning tool.
Note: how it closes the CME gap.
Cheers,
S.SAri
LINKED POST
Note weekly ema =50 with confluence with the 0.382 fib level.
Moving forward, looking for Monthly levels and confluence with price action, similarly with the weekly chart.
Comment:
clearly Head and Shoulders
Comment:
why I'm still bullish at the macro level.
After reflecting, I was a bit on the bearish side. This is more practical and possible scenario as well
Comment:
with volatility dropping and viewing this chart, we can see the squeeze is happening and if the price keeps holding this level, then its likely the expanding fan formation might be the active one and hence a bullish formation. For now, its 50/50 as a symmetrical triangle to break any direction. If it drops below 10400, then the bottom 9800 will be retested. We will have to watch this as it slows down and for the ALTs.
2 thing that make me think its going to break on the upside is the ALTs have hit their 0.618 fib retracement already and that the SP500 is holding strong.
2 thing that make me think its going to break on the upside is the ALTs have hit their 0.618 fib retracement already and that the SP500 is holding strong.
Comment:
If it breaks this level and holds it for a few days to a week, then we have a return to the bullish trend.
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
