hey guys, spy almost reached 2800 level. if you open a daily or weekly chart, you will notice that it is a strong historical resistance level. moreover, on 4H we have a perfect match between the resistance of the rising wedge pattern and previously mentioned structure. +take into consideration dodji formation and rsi divergence. these factors make me think...
when I was learning trading that was a typical example of a structure-based trades in student books. we broke above the key level and now we see a retest! chances are high that now we will see a bullish continuation. target levels: 200.0 212.0
hey guys, for a couple of weeks, Ryanair stocks are trading on a key structure support level. now on 4H we clearly see reversal clues with a higher low formation. pay attention to the minor resistance of a range on 4H chart and buy its breakout. initial target will be 12.0, then apply trailing stop! good luck!
Dollar index is back again within a major rising channel. after two fake breakouts to the upside and to the downside, the greenback is approaching the channel's resistance. usd has already proven its ability to easily break the boundaries, so this time might be the same. pay attention to the reaction of the market: in case of a bullish breakout, chances will...
What do you think is the short term of the S&P 500?
Please support this idea with LIKE if you find it useful. Price retraced of the Support node (Mid line of the Ascending Channel, 50 MA dynamic support and Ichi Cloud support zone). We already passed the 100.20 horizontal resistance so we can go and retest the horizontal resistance, also the higher boundary of the Ascending Channel. In case we break the...
Financial planners and news tooted alot of news in the last weeks, which are novel to anyone of us. Not playing devils advocate here, one could generally assume planners would like to keep clients funds and news are overselling events emotionally, to create attention. Taking a critical look might give clarity in troublesome times. Ive developed two rather...
hey guys, I bought spy from 2500! reason - double bottom formation and breakout of a minor resistance! entry based on the retest of the broken structure. my target levels: 2562 / 2640 stop to breakeven after T1 is reached! good luck! please, support the idea with like and comment! thank you!
hey guys, I know that many of you are looking for cheap stocks. pay attention to Renault. though I already hear the voices of skeptics out there, look what history tells us: stock is clearly trading in aprox. 13-year cycles. the stock was trading on current lows two times already and each time it showed a perfect performance with a sharp and quick drop at...
Please support this idea with LIKE if you find it useful. Price formed a Head and Shoulders pattern. In case there is a breakout of the support trendline or better of the Ichi Cloud support zone the price will go down (possible retest the 200 MA). Nevertheless we are sitting on the 50 MA support and there is also an ascending broadening wedge pattern, which can...
Please support this idea with LIKE if you find it useful. Price formed a Bearish Flag and was rejected of the higher boundary of the Pattern. In case there is a breakout of the Mid line of the pattern we can initiate a short position. Also if there is a breakout of Bearish Flag to downward we can initiate a short position Thank you for reading this idea! Hope...
hey guys, pay attention to this falling wedge pattern on 4H. currently, we see an attempt of bulls to break above it. we need 4H candle close to confirm a breakout, then we are free to buy the market expecting a retracement at least to 2690. good luck! please, support the idea with like and comment! thank you!
Please support this idea with LIKE if you find it useful. Price formed a Bearish Engulfing candlestick pattern. There is a high chance to close market with a Gap to downward. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a...
From a Elliott Wave Theory perspective it looks like the monthly S&P500 has completed 5 waves up - so the theory dictates we need to correct the 5 waves up with three waves down. The prior 4th wave low is usually the end of the retracement. However, retracements can go all the way back to the prior 2nd low !!!
These last few days spy is relatively slow. This is the calm before the storm. Currently, the market is accumulating volumes and we are preparing for the next wave. I don't know whether we will go lower, or finally, we will see a pullback. No matter what is gonna happen, here are key levels to consider: in case of a bearish breakout below current support,...
DXY reached a current structure high yesterday. technically index is back to bullish trend and our long term bias is strictly bullish but chances are high that we will see a pullback from an underlined resistance and only then continue to new structure highs. adjust your trading plan accordingly and good luck!
DAX index is like a waterfall: no pullback, no correction during the entire short rally. though fundamentals are still depressing, here are the reasons why we should be focused on dax and expect a pullback soon: first of all, the market is clearly oversold and sellers will soon start profit-taking, secondly, the market is close to a key historical level and I...