The recent price action on the US100 pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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S&P 500 (SPX) showing short term bullish Elliott wave sequence against October-2022 low. It proposed ended wave II correction at 10/13/2022 low of 3528.7 against daily sequence. Above there, it placed (1) at 4087.3 and (2) at 3764.5 low on 12/22/2022. It confirms higher high bullish sequence above (1) high, calling for further strength to continue. It placed wave...
Hello everyone,
I wanted to take a look at the longer-term perspective on the market and what the possibility of a Fed Pivot could look like.
Wednesday we heard from the Fed chair at the Brookings Institution event about the current strategy plan and hints on easing inflation back down to a satisfactory 2% YoY, from the current 7.7%. A number of data prints we...
Looking at the chart of TSLA right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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Looking at the H4 chart, my overall bias for DXY is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market.
Looking for a buy entry at 102.148, where the 38.2% Fibonacci line is. Stop loss will be at 101.504, where the recent swing low is. Take profit will be at 103.448, where the overlap resistance and 50% Fibonacci line...
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current SPY chart which, if analyzed properly, clearly points in the upward direction.
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Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a buy entry at 4027.79, where the 38.2% Fibonacci line is. Stop loss will be at 3948.79, where the recent low is. Take profit will be at 4146.47, where the previous swing high is.
Please be advised that...
First week of February should be interesting as NFP is on friday. Here is what i am seeing in the market from a liquidity perspective. Would like to ultimately see price melt. But it can do a number of things between now and Friday. I am a buyer early as I think another high is likely. Otherwise will be observing as usual.
I post the following on my channel:
-...
Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 33704.98, where the 38.2% Fibonacci line is. Stop loss will be at 32948.93, where the recent low is. Take profit will be at 34712.28, where the previous swing high is.
Please be...
Hello,Traders!
VIX is trading in a downtrend
Below the falling resistance
So I am bearish bissed
And I think that we will
See a bearish continuation
Sell!
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The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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This seems to be a very respected area of interest. 6 rejections! will it reject the 7 time? We will see next week. I love to hear all the people screaming "Buy Buy Buy" "Go long" "Bull run" while the fed is increasing rates, The globe is experiencing high inflation, Companies laying off, Yield curve inverted, Recession probability model is at 96%.Things do not...
Hello,Traders!
SPY is going up now
And the price has broken
A long-term falling trend-line
And the breakout is confirmed
So It seems that after the
Pullback and retest
We will see a further
Move up
Buy!
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✅NASDAQ is going up currently
And the pair broke the key trendline
Which is now a support, and after the pullback
And the retest, I think the price will go up
LONG🚀
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