Trendline break and re-test. Now firm supporting heading into election. Keep wide stop loss and smaller position size for next 48 hours while election results pour in. SL -- 1.3200 TP1 -- 1.3350 TP2 -- 1.3450
@cptWORLD Gave some great insight on zoom so I went back to review and adjust accordingly at the the end of the day. The bears failed today which I wasn't expecting until the last green trendline. This made me adjust my buy zone up slightly to 430-455. However, we need to see tomorrow and over the next few days how price reacts to this trend. Right now we are...
hello traders , if you have miss the retracement, here potential sell point or retest for you to enter but be mindful that election might effect the market. these are possibilities, thank you for reading !
A small idea highlighting the importance of evaluating signs and using them predictably. In fact, the market has given good opportunities. "Every battle is won or lost before it is ever fought." -Sun Tzu Note: Elections are also a kind of battle too . Regards.
EURUSD is brokeout above the current downtrend resistance. The market is printing the double bottom reversal pattern. RSI is printing a bullish divergence signal. Breakout above the double bottom neckline resistance could be a bullish signal ⬆️.
XAUUSD is testing the downtrend resistance + 0.618 fibonacci retracement level. Breakdown below pullback channel support could be a bearish signal ⬇️.
The SP500 seems to have completed a classical bullish pattern, the double bottom. We might have a few sideway days ahead with the elections coming up, but after that I expect the SP500 to rise again. A conservative approach would be to wait for an entry till next week. After arriving at the area of resistance, consider taking some profits since the SP500 might...
Hello, I've been charting the VIX as we have entered an unusual uptrend. I didn't notice this until a deep some deep analysis and found the confluent trendline that has been keeping price down on the VIX. Well, we broke out of that pattern and are attempting to reestablish bull trendlines. I'll update this daily until the charted trendlines are no longer in...
Chart Summary: The bulls did the best they could to hold the main bull trendline on the head of the head and shoulders. After that the bears feasted and heavily and broke through 3 trendlines with relative ease. We are now working on the 4th trendline which I do expect us to break through with similar velocity. If bearish momentum declines significantly, my buy...
We are at support however it seems pretty obvious that we will have a volatile week - us election, q3 earnings, fake virus. My expectation is that we will see a drop to .382 retracement however it is possible that we could se .5 or even .618, if things get messy. Buckle up guys.
HELLO EVERYONE, Coming to Analysis of GBPUSD , here are a few points to be considered : --Price Has broken out of the channel and we have a clear "break and retest" . --Price has broken a 4Hr structure and retested the low . --Currently I am looking for a nice move to the downside . --The Targets have been defined over Critical Demand/ Supply zone to ensure...
Confluences: Resistance and level 61.8 (fibonacci). Red lines: H1 levels. Gray lines: D1 levels. Like, follow me and donate for more ideas!
EURUSD rejected the 0.618 fibonacci retracement level + descending channel resistance. The market broke down below the pullback support. Potential retest of flip trendline resistance + fibonacci retracement levels. Sell re-entry at confirmed bounce off the retest ⬇️.
Depends on election we might see 2 scenarios. 1. Clear winner - stock will go up. 2. contested election - possible 20% drop.
Description: An analysis for the week ahead. Points of Interest: Two-Day Balance, 100% Retracement Level And LVN Below $3,200. Technical: Broad-market equity indices ended the week lower with S&P 500 retracing nearly 100% of the rally that began after the September sell-off. During Last Week’s Action: Alongside a materialization of the Federal...
Hello traders and analysts, Here is a view of Netflix, while alot of people are currently restricted to access in the outside world, content is being pushed to online platforms but without an abundance of new content to be completed and provided - re-runs and previous fan favourites will suffice? or will it? Will people scale back on entertainment where people...