That's a bold call, isn't it?
Here my analysis:
- red CL hit 3 times and price got rejected
- MACD kinda nice filter
- Medianline rules in play: HAGOPIAN
- overall economy is going down the toilet too
- Gov's....not even worth a word
Happy Santa Downhill, Hope You're Short Too §8-)
This last week, markets initially rallied on the release of the "cooler" than expected November CPI (Consumer Price Index) — only to be smacked back to reality on the comments via Federal Reserve Chairman J. Powell during the December Interest Rate Decision (FOMC) meeting this last Wednesday as "higher for longer" is the communicated pathway forward for the FED...
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index is a price-weighted index and includes 30 large-cap, "blue-chip" U.S. stocks, excluding utility and transportation companies. The fund is non-diversified.
Indicators:
200EMA, Bollinger Bands, 200EMA & RSI
Trade Convictions:
15MTF 200EMA Rejection
Dear traders, I have identified chart levels based on my analysis,
major support & resistance levels. Please note that I am not a SEBI
registered member. Information shared by me here for educational
purpose only. Please don’t trust me or anyone for...
As mentioned in intraweek analysis that the trend for coming week is down and we are planning short positions above 31000. The price of US30 took resistance from 30250 and it is no testing the support of 30450. My idea for intraday is to book profit of shorts at 30500 and then make an entry again at 30835 and 31000 with targets of 30450. My idea for intraweek is...
The Dow index took a pull back support from 30400 and it is now testing resistance of 31150. My idea for intraweek is that the price action of US30 will take rejection at somewhere between 31000 and 31150. My goal is to go short on intraweek trades with target of 30450 and 30000. Key levels for entry are 31150 and 31700 in case of a false breakout.
If you like...
US30, Daily failed to close below previous structure & we have a nice change of character on the 4H, I really want to see this channel break out to the upside, we have an unmitigated zone down in the lower demand (Which price could target before this move potentially happens just above the gap that's not completely filled yet)
Will be trading this in both...
US30 - Waiting to see what price does, currently in a PRZ but looking like it's going to break that level and head up to the next supply zone, SPX looking bullish too (Failed to break the previous low), let's see, waiting for confirmations, ideally looking for sells today after the HTF BOS yesterday, if price breaks down and we get failed lows/breaks up rejects...
US30 - Looking for rejection from the demand zone close to the swing low tomorrow before a potential up-move.
If the swing low breaks we could continue down, but I really want to see a strong up-move first if price does continue down on the HTF, to clear that imbalance created at the beginning of this month!
Let me know your thoughts!
* Disclaimer **
These...
If this supply holds ill be shorting down to the trendline break!
Let me know your thoughts! |
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a...
What we see here is a red pitchfork, catching price at the center and the upper extreme.
After the drop, we see the sharp run-up.
Price got rejected exactly at the confluence point by the U-MLH (Upper-Medianline-Parallel).
Tomorrow is friday and - this is a weekly chart. If pirce is closing down that much, it screams "Trouble Ahead" for the Stock...
Potential deep crab forming, looking for a bearish push down to the last S/D zone before a bullish rise towards the D point, (looking to take this short then long on the Intraday) But it all depends on the LTF momentum/PA!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and...
Attaching the lines to the closes of the bars.
This is a technique Allen Andrews was teaching when using the Mini-Medianlines. But I find that specially in the longterm Charts, there's often value in this style.
Dow is now at a decision Point at the Centerline.
From here, up or down is possible. But from the past stats we know that there's a good possibility...
as we can see, and as I previously posted, price is going to reverse.
It just touched a reversal area and if we took a look back price does respect that area,
for the past two days, all we saw were bears in the market, and addition the support that price have been making oven the last uptrend got broken.
plus, the price is showing a rejection, the next couple of...
Dow has broke a support/resistance line.
and it's also a channel, it did a pullback already, but there is a really good entry that price is doing right now, price never returns after this pattern
as you can see, the HMAs are following each other, and working as a support for the price and each other.
