S&P500 currently consolidates around strong level of resistance 2940.
I am focused on 2895 minor structure support level.
If bears break and close below this level,
for me, it will be a signal to short the market.
T1 - 2860
T2 - 2805
*if the market closes above the resistance setup will be invalid.
There are Two scenarios for NAS100USD.
Note: This is only for Educational Purpose this is not Investment advice.
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Thanks
Adil Khan.
So big question do we gap and run, or stay in the distribution and re visit the price we where at before teh China news. Will watch the Red zone for clues and then the markets reaction on a break of this area. Targets are posted so not a predictive post but one of reaction to what happens is my plan.
Hello traders,
I am expecting more down to around 10,300, and after that we need to see whether it will give us a strong rebound back up and consolidate for further up-movement or a slow correction which will indicate that we are likely to see more downwards momentum.
If we are going to get a slow correction and more down then keep in mind that this could...
over night is balanced and doing what I said it would do late in the session yesterday, and that is move to higher levels. and believe we keep testing higher. will look for an impulse or retrace to get long from, and only move short if we go below 2922 -2918. I think an upside break could gain lots of traction but first area i will watch is 2946. In the even of...
Use this as a guide to identifying the most important technical areas on the chart
Main Items we see on the Daily Chart:
a)The Main Structure is an expanding Triangle, using Elliott Wave Theory we can say that an E wave is remaining (short output using Elliott)
b)The Bullish trendline of the last movement is broken, and currently, we have a structure finding...
Hello traders,
USD Index is in a bullish impulse up from 2018 lows; now with final wave 5) in play. Wave 5) that is unfolding out of a triangle correction can be underway to around 98.50/99.00 region, where bulls may slow down if we consider that legs out of a triangle are final in the sequence, so a higher degree retracement may occur during summer time.
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After an 8% drop, is it time to buy again? If the fundamental analysis is ignored and we focus on technical analysis, we will draw some conclusions:
According to the Ichimoku indicator, there is no change and the bullish model is still strong and stable.
The last drop in May was about the same amount of decline and you know the sequel ...
The 7600 has strong...
4 Hour Chart Explanation:
- Price made a pullback to the Weekly Ascending Trendline.
- It is currently on an Ascending Trendline.
- If it bounces in the Resistance Zone and breaks the Ascending Trendline at 7610, potential to move down towards the Macro Support Zone at 7000.
- We are looking for sell setups on lower timeframes.
Check out our Weekly and Daily...
The price bounced many times from Support/Resistance Zone.
It will be good entry point near this Zone.
Potential profit will be in 5 times bigger than risk.
Daily Chart Explanation:
- Price is against the Weekly Ascending Trendline.
- Price is on a Micro Ascending Trendline.
- Bearish Divergence on MACD.
- If price breaks the Ascending Channel at 6740, potential to move down towards the Support Zone at 6400 and, then, to the Bottom of the Ascending Trendline at 5620.
Our Weekly View support this idea. Check it...
AEX is approaching our first resistance at 495.2 (61.8%, 38.2% fibonacci retracement, 100% fibonacci extension, horizontal pullback resistance) and a strong drop might occur below this level pushing price down to our major support at 471.9 (61.8% fibonacci retracement, horizontal swing low support).
Stochastic (55,5,3) is also approaching resistance and we might...
Hello everybody hope you all doing great
Dollar came back up from demand
And now we are under Supply
Considering the fresh demand just created around 97.66 - 97.80,
Its a little hard to fall again and it might bounce for a while, Even go higher to the next level
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