We see a leading expanding diagonal. The target zone of five waves intersects with the support line of the higher timeframe. Wave rules are complied. Further, we expect a rollback towards the resistance line - wave B and a subsequent correction - wave C. A potential black swan that could happen would most likely be due to Russia's nuclear war blackmail. Best...
price broke major level and did not retest and momentum still tells me that its a down trending market so will see a retest and drop
this is angles and the 180 line its important also the box chaneel *price* if its break below the price will dump more faster to the target 360 and if the price more speed from the time then this start will deleted sory my eng is bad
Some elliott wave analysis on the 500. Seeing a lot of investors talking about 8% + drop. Not so fast bears, we need a political event to send us tumbling into such a bear cave!
Expect 440 on SPY to bring some real resistance if it can even get there. Lots of people turning bullish be careful, this isn't the bottom you want to be accumulating on for right now lol.
The euro has fallen below the dollar for the first time in nearly 20 years as the war in Ukraine pushes the single currency down. A single euro bought $0.998 on the foreign exchange market at 12:45 GMT, down by 0.4% in the day's trading. Fears that Russia may restrict Europe's supplies of energy have increased the chances of recession in the euro area. The...
All in the video, my guess is CPI is a bounce and then fail.
Looks like the first impulse down is close to being complete. A backtest of the channel near 3870ish later today or tomorrow is an objective short. Also it may just keep falling. Good luck!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. 20 out of 500 days done. I truly appreciate your continuous support everyone! Let me know if you like the series, and if you would like me to change or add anything. Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All...
Not getting the kind of reaction I was expecting. I still expect a move down, but I believe there's enough warnings that we're going to start a large rally soon for a few weeks or even into end of summer.
And probably lower, but one step at a time. Friday was a bull trap as I suspected, but believe me last night when they pumped it to 3850 I wasn't happy. We should get a reaction at open to test that red trendline, but to me that would be an objective short. but there's no reason to think about covering shorts until we hit the yellow structure line again - around...
Very possible we are going to have just one more down before a larger counter trend rally. The market is feeling extremely exhausted, and even today's fed rally was weak. That tells me that the "buy the dip" crowd is gun shy and that also means that a buy opportunity may be very soon for the minority. Structural target looks like 3600-3550, could be next week.
More theory A diagonal triangle is always subdivided into five waves. An ending diagonal always appears as wave 5 of an impulse or wave C of a zigzag or flat. A leading diagonal always appears as wave 1 of an impulse or wave A of a zigzag. Waves 1, 2, 3, 4, and 5 of an ending diagonal, and waves 2 and 4 of a leading diagonal, always subdivide into...
Spy is setting its self up for another sell off- I'm shorting down to 380.
Type : Bearish Continuation Resistance : 3986 Pivot: 3944 Intermediary Support: 3860 Support : 3831 Preferred Case: With price within the ichimoku cloud resistance, we have a bearish bias that price will drop to our support in line with the horizontal swing low support and 78.6% fibonacci projection from our pivot in line with the horizontal swing high...
Yo! Elliot waves with fib levels. possible outcome using fib levels.. pure technical.. remember macro economics still looks bad.. Have a nice week and Good Luck, t347 AMEX:SPY
The markets are bipolar once again! What you can expect from here is the market to continue to go up to the range of 430-440. If the market sells off what you can expect is 340-350 being tested. So there is money to be made both ways! I'm leaning more towards the bullish side since we have sold off significantly.
Technically, we are repeating the same movement as in 2008. Breakout the trend line - test - and continuation of the fall. Fundamentally - the war in the center of Europe. The potential risks of aggravation of the situation and involvement of other countries. The probable default of many countries and sanctions that hit on both sides. Rising prices for oil and...