Looking for a retracement at the 4 hour supply which lines up with a strong fibonacci level to continue down around the 11104.8 levels. I am bearish unless the market provides otherwise. We have a lot of fundamentals this week including NFP.
Evening guys,
I'm going to breakdown NAS100 in its purest form.
I'm fairly new to trading NAS100 but from looking back over the years, this is one of the smoothest moving indices you can trade.
You can clearly see price respects these clear supply / demand zones.
LOL I'm trying to type fast because NAS is playing out so quickly despite being in the late...
here we have a good point all we need to wait for sustain the candle below or above the trend line after that we can enter into trade in bullish side we have 300+ point target and in sell it's 200+ target
We trade this often in Camelot as Excalibur works well on it. Illustrated is what we feel is the potential move to come as long as we're below the resistance level above.
As always, trade safe.
KOG
We can see that we're on the C wave now, which is made up of 5 subwaves. We are currently in wave 2 which appears to be an expanding flat correction. Watching for price to come up to our sell zone and reject.
Trade Idea:
- Watch for rejection of sell zone and/or fibonacci
- Look for lower timeframe trendline break
- Enter with stops above the recent highs
-...
Following on from my previous stock ideas, I'm expecting a further downswing after the consolidation bounce on most stocks for a Wave 'C' once the bearish continuation symmetrical triangle breaks down
Waiting for directional break currently
DJ:W1DOW
SP:SPX TVC:SPX OANDA:SPX500USD
OANDA:NAS100USD
NASDAQ:NQGM NASDAQ:NQGI
I'm looking at US30 long setup going into London and NY, its looking pretty good as we are trading with bullish structure and price respecting some level of area I have marked up.
This is educational purposes only mind your risk and be safe in the market.
Price is currently using the previous structure as a barrier to lure sellers into the market.
Sellers may get slightly hope but it is likely that buyers will take control once the fair value gap and daily demand are met.
My alerts are set and ready to join buyers when the time is right.
DXY H4
So far moving pretty much as expected, we have had this assumption and market bias and expectation for a little while now, and it's starting to unfold.
Lower low and lower high structure trend, with the exception of FOMC Wednesday. Hopefully we can see DXY fall too 100.00, gold push to $1900 and cable 1.30.
Indicies still continue to trend bearish
Set my fib from HL: 31574 to LL: 30621
Respects my fib retracement at .7 (Strong Pullback)
Respects May 18, 2022 LL
Forms a Rising Wedge at my .7 retracement (M15-1)
Analyzation Projection:
Us30 shorts to < or equal to 30631.4
Critiques is allowed on here. Thanks
