welcome to another weekly overview of SPX500!
Let`s take a look at the year and what we see is a huge but delayed Sell-Off compared to the european market!
SPX500 started this year @ 2.666 and was struggeling since then! adter the first sell-off in January 2018
loosing more than 12% we`ve seen the first signs of fear and panic. The...
looking at the RTY/IWM index to hit 1532 this week according this time and price analysis. Additionally this lines up with the 1.27 Fib extension of the prior price swing. however there is resistance at the 1519 level to keep an eye out for.
Analysis on the Hourly:
Here we can see a shooting star formed with high volume, this indicates that a lot of selling was done at this point.
If we watch the rsi closely, it formed a double top, which indicates going down.
Now there's two possibilities:
1) Either it keeps going up and touches 652-655 (Fibonacci cluster) ,
2) Or we have a short-term...
Hey everyone, today I will bring you my perspective on this rally.
First, I can see a Three White soldiers pattern formed , with the only noticeable problem being the Volume dropping a bit while rallying.
This pattern is common to see after a strong downtrend, indicating a possible reversal in the trend.
We can also see that a Bullish Divergence as occurred...
This chart is loosely based on Carolyn Boroden's work with 'Fib Clusters'. I have plotted the 0.5, 0.618, 0.786, 1.272, 1.618 and 2.618 fib lines from every swing low to each of the next 3 swing highs (since the start of the bull). I've also got a $20k - $6k in there aswell. I find it interesting to see how at the $11.7k double top, price was rejected by a tight...
Daily FIB 0.886 aligned with 4 Hour 0.50 FIB. Price is struggling to break this level. Retesting previous resistance, Demand Zone.
Descending triangle forming. Watch for breakout of upside or downside.
Waiting for retest of either direction breakout. Anticipating breakout to the upside.
AUDUSD Expected to Trade within a RANGE of Consolidation accumulating more market interest between 0.76 and 0.745
This 150 pip range seems to be reasonable given the average daily volatility on this FOREX Asset
Looking for a break out to confirm directional bias
Weekly: Price is approaching a Weekly Supply Zone that served as a previous 2x Top Neckline, it also wants to possibly retest the broken weekly triangle support trend line.
Daily: Price will be looking to complete its extended 5th wave. Bearish Divergence.
4 Hour: Price broke through the Daily 0.27 FIB and is currently retesting it, if it breaks through the 4...
EU/USD is showing signs of a possible short setup. After an upward push to start the week during london session, price is looking to test a fresh supply level, where it dropped hard and fast for 80+ ticks. Given that this is the first test of that level, I expect a bearish rejection. Additionally there is a fibonacci cluster zone in the supply zone as well as a...
A few confirmations line up for a potential bearish move in GBPUSD:
- Harmonic shark bearish pattern
- Fresh supply level test/rejection
- fib cluster with 200% extension and 314% projection
This in addition to the US dollar index finding support at a fresh demand level is my reasoning for a bearish bias. Looking here for a 4:1 reward:risk trade, with risk just...
Bat Pattern with near perfect Fibonacci levels, Fibonacci retracement/extension/inversion cluster & Trendline confluence on the WEEKLY chart. Chance for a major swing trade in the future - keep your eyes out.