If I were to trading futures this would be with a very tight stop. It would most likely be invalidated below 1950.00. I'm targeting an Elliot Wave 5 wave move up to 2040-2080 range. If we fail 1950.00 this setup will be invalidated. Ryan
S&P 500 CME_MINI:ES1! has produced a buy signal after the false break down and subsequent reversal higher. Daily chart shows inside bar false break ( fakey pattern ). Potential buying opportunity on pull back 1900-1915 support area, with initial upside targets to 1940-50 and 1960-80.
DJIA is expected to rise. There are many reason why we feel it may RISE 01. It is trying to touch Monthly Risk buy level of 16719. 02. BULLISH ENGULFING in WEEKLY Chart. 03. To RISE and come near 16597. 04. Stoch RSI (3,3,14,Close) clearly states it may RISE. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is of the same view. Keeping all...
DAX is retesting previously broken uptrendline and support which became resistance, We shoud be seeing a reaction to this level. A break above 9750 could mean the index is back to its uptrend.
Index currently coming off point of control at 12100. Next key PoC is 12200. Bear this in mind when trading USD pairs. Could be an indication of risk on sentiment returning, however divergence between the index and safe havens (JPY and CHF) could lead to strong indication that risk off sentiment is still applicable.
At local support... One more break, and we going to test low www.facebook.com
Bullish shorter term frame - up to 50% retracement: www.facebook.com
Potential reverse at the decision zone due to the .following :- 1- Valid Bearish flag pattern. 2-Valid AB=CD pattern inside the flag pattern. 3-Valid structure level. 4-0.618 fib retracement for AB leg . 5- Trend hits the upper line of the bearish channel. 6- RSI overbought
Watch a very important Level (1894) www.facebook.com
DXY USDOLLAR INDEX FINALLY MORE DOWNSIDE ?
$SPY has finally broken through the resistance line and approaching 195 level.
So, 1st Fib. level has been broken. Target is 50% now
After massive drop in oil price which the main reason for that -fundamentally- still complected due to many synaptic reasons like the base concept of supply and demand theory , china growth slowing and unstable political condition in the Middle East . For Technical analysis ,the chart shows potential bullish impulse as based in following :- 1- Valid Carb...
Yesterday the Dow Jones Index $DJIA $DIA found support right on the YearlyS1 Pivot point. This was the spot to cover remaining shorts and look for new short term long opportunities. That is what one of the Pivots we use at PivotalPivots.com
Looking for reverse at 1105 after the completion of the Bat pattern and cypher pattern pulse valid structure in lower time frame. Gold harmonic movement for the last 4 months has provided a lot of wining trade opportunities based on harmonic movement analysis , that is possibly because the volatility in gold trading as traders are preferring the gold trader...
Hi guys first trade ive put up on here. just testing out my strategy. ENTRY@ 5898 Im a young trader tomtrader.
In bounce mode - came into res. 1-1 pattern. Now support is .382 www.facebook.com