Looking to retrace to the .618 above. SPX found support at the 2 hour LLB, 2nd Dev. NAS support at the 2 hour 50 SMA. Both showing 5 min bear flags.
Blue dotted channel res - looking for a bull flag for a break, into the 1.272. Trying to hold the 5 min 8 EMA, above the 2 hour 50 SMA
Bulls need a break of 3930 to flip the trend and validate the High Low on the 30.
The .764 is the Reverse .236. Now for the main event. Chairman Powell and the Committees' take on the yield curve and rates future.
Short Covering day as NAS is melting up. Seeing Price Action and patterns in 3D provides depth.
NAS provided a bounce off the .5 on the 8 hour model. (linked). Nio found a resistance zone. Is this the buy the dip or the bull trap?
This 30 minute Diamond made for a tough play today. Diamond can be continuation or reversal patterns, so price action will need to guide. 10 year Treasury currently at 1.573. The NAS leads the way with room to downside targets on the larger H&S . Short Term plays on big bounces. Would you cover your short profits or swing them over the weekend?
Double bottom like we saw in late December/early January? Fundementals looking nice. Cheers
This zone was on watch for a bounce. Will wait for the NAS to show an hourly trend change.
rejected the neckline first try. This had the look of a pennant, now it has morphed into a more bearish pattern potential. Watching for a back-test
ZM calls continue to pay. Watching for profit taking and a higher low. If Zoom is going higher I am scouting a 4 hour bull flag.
watching for the algo into the close. Nio Set it's higher low.
strong dip buying at the fifty. Looking for a reaction at the GP.
NAS set an hourly trend change off the MBB as both SPX and NAS open the overnight with an algo on the 5 min EMA . Zooming out illuminates the strength of the bull
scouting a bounce zone (blue circle)
This is not a Financial Advice. Hi guys i hope you are having wonderful trades , plz let me know your idea about this vision ? Possible support lines and future resistance are shown according to divergence of parallel channels and Fibonacci channels . Description is in the Screenshot.