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Measuredmove

SPX H&S Downward Breakout Primary Chart: SPX Head and Shoulders Pattern with Neckline Resistance and Fibonacci Supports SPX formed a Head and Shoulders pattern (H&S) on the daily and intraday charts over the past month. A H&S pattern is actually invalid until it's confirmed with a breakout below the neckline, drawn in dark blue on the primary chart above. In addition, because many traders and market participants see H&S patterns, they have a lower success rate. In any case, a retest of the neckline as a significant chance of occurring in the coming weeks even if the price ultimately continues its decline lower. So watch out for a retest of the breakout point, a common occurrence in choppy unpredictable markets like this year's market. Key levels for this week appear to be SPX 4023, SPX 3981, which are immediate supports that may be reached soon. Whether these supports break or hold (or break and then are reclaimed) will be important especially in the near term. A key level of resistance near term lies just over head at 4062.31. This is a Fibonacci level and it is the .382 retracement of the entire rally off June 2022 lows. Note that this level was tagged Monday, August 29, 2022, and held firm as resistance. In fact, Monday's high was just above this Fibonacci line by about 68 cents. The potential for this decline to be a measured move also exists. A measured move occurs when a price move is corrective in nature and retraces only a portion of the prior move. Whether this move is corrective against the rally off June lows, or whether it is the start of a new impulsive decline back to lows remains unclear—it's the million-dollar question that is debated by everyone on financial media. In any case, examining the corrective measured-move target is a conservative approach to finding a level where SPX may reach to the downside, though nothing is guaranteed in markets. The measured move area is just below 4000. If the first wave of decline has equality with the second wave of decline, the end of the second leg could reach 3997.73. Supplementary Chart A: Measured Move Target Zone between 3941 SPX and 3997 SPX SP:SPX TVC:SPX OANDA:SPX500USD CME_MINI:ES1! AMEX:SPY VANTAGE:SP500 ____________________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
TVC:SPX
by SquishTrade
24
DJI Short Setup & Measured Move to ~32kDow Jones Industrial Average is overbought. I can tell without using RSI or any other momentum indicator. Thus, we have our short setup for this week. The ellipses point towards a very steep angle down, which could serve as a prime example for how far it can move vertically downward on peak selling. This can be very useful when measuring subsequent projected moves for future shorting and could offer some valuable insight into what kind of Elliott Wave correction might be forming on the monthly chart. I'm already long DIA Puts held over the weekend, but Ill be adding to these two specific strikes/expirations if there's any sort of opening pullback upward. See below for details: Contract 1 - Long DIA Put (1/3rd Total Position) - 342 Strike, 1/28 Expiration Contract 2 - Long DIA Put (2/3rd Total Position) - 340 Strike, 2/4 Expiration For those new to my options plays, I only list the speculative long positions that I have and not the short call positions that I intend to open because most do not have access to such methods. I will be shorting the calls two bucks above the open for 1/28 exp. Anywho, the elliptical geometry seems to be leaning towards an incredible 5000 point measured move down vector that will likely start and end in the same trading day! Unless that triggers a circuit breaker on an equivalent move down in SPX, itll be an all time record for sure. -Ellipti-Pig DJ:DJI SP:SPX CURRENCYCOM:US30 CURRENCYCOM:US500 AMEX:DIA AMEX:SPY
CBOT_MINI:YM1!Short
by UnknownUnicorn5511258
5
XAUUSD analysis today, where's Gold price pullback to ?Are you trading gold ? Here's a quick XAUUSD analysis today. We estimates gold's price using Wyckoff's P&F chart and measure movements. Based on Gann, Wyckoff, Price Action and more concepts. See previous posts for details. --------------------------------------------------------------- * This is Pre-plan and an education post That means my view can change, depending on how the price will arrive at the level and what will be happening on the M5 in my level of interest for entry. Then I will decide if I will enter or not. So please don't just blindly follow this. The FX market is a quickly changing environment and it requires full focus on the levels for the precise entry with low risk. * DISCLAIMER We are the only one person who is responsible for our health, relationships, success, and money in our lives. So taking a risk on the markets based on this idea is only and only your decision. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. The author of the analysis does not accept liability for any loss or damage. * Legal Risk Disclosure Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
OANDA:XAUUSD
by UnknownUnicorn38787683
Measured Move Coming? New ATH Possible!Chart says all. Strong similarity to structure from March rally. Down channel is an obvious bull flag formation, seven waves down. A measured move would reach over 4800; A blow-off top?!? Anything is possible; not sayin this will happen; saying it could. At any rate, indicators gone oversold and a clear EW impulsive downtrend appears at or near completion. This latest selloff looks a lot like late Nov 2021 selloff that culminated on 03 Dec. See my idea on possible pivot at 4330. OFC it can pop at anytime. The last blowup moved over 470 pips in two weeks. Can do it again for no good reason. Shorting here would be fairly high risk imo.
TVC:SPXLong
by DaddySawbucks
23
Gold Cup and Handle target estimatesEveryone is talking about gold and silver making massive Cup and Handles but I haven't seen many measured move estimates. We are just about to touch the brim resistance with a possible consolidation before the break out and major moves up being. Trying to estimate measured move targets give me an estimate move to $26k (+24%)before a pull back. Maybe a retest but I have doubts. Then measuring the bowl to break out gives an estimate of $40k (+90%)
OANDA:XAUUSDLong
by KondrackiKarl
Measured Move Time Price ProjectionWhen the former Soviets roll over Ukraine you can expect the measured move depicted IMO. Maybe you don't care to play shorts, but think carefully about holding longs. might not be prudent at this juncture, eh? NB: An expedited closed FOMC meeting is scheduled for Monday 14 Feb: www.federalreserve.gov Advanced Notice of a Meeting under Expedited Procedures It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, February 14, 2022, will be held under expedited procedures, as set forth in section 261b.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th Street and C Streets, N.W., Washington, D.C.. The following items of official Board business are tentatively scheduled to be considered at that meeting. Meeting Date: Monday, February 14, 2022 Matter(s) to be Considered: 1. Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.
TVC:SPXShort
by DaddySawbucks
6
Potential 10x Move stetting up on SHIBA INUThanks for reading all my previous Analysis. Today I am looking and also bought into SHIBA potential BULL RUN for a longer term. This is my personal speculative opinion and not an investment advice.Obviously there are potential possibilities of huge gains and managed losses.Always have a calculative risk if that is the only edge you can start your trading career with.It put you in the driving sit. Delving into SHIBA Inu technicals on the last few event that has happened. The SHIBA INU has retraced almost 88.6% of it's potential value from the high it posted on 28 October 2021(2 days after my birthday) of value 0.00007906 to the low of around 0.00001704. That above statement is a bargain already in the crypto market and that is the volatility swing that the cryptomarket suffer based on my experience trading and watching this market.And if something looses almost 90% value then it becomes attractive to deal finders and unattractive to the novice investors.Remember the popular quote you have to be greedy when others are fearful that there is no value in these and started dumping and then you now decide to accumulate and be greedy at their lowest deadened emotion is a way to play the trading and investing game successfully. Therefore after such decline,the SHIBA has now technically given us a huge impulsive move above 61.8% of it's last swing down which is my 2nd fib on the chart.According to a fibonacci measured move theory that brings in the advent of the new bull runs and that is the MAIN REASON why I will like you to get involve in this for the long term and acquire SHIBA at the right time and wait for couple of months or even weeks. Based on the last cycle, it took SHIBA around about 144days of consolidation from its inception to decline and just about 23days to hit a new high on it's last bull run. Currently the last Decline has taken about 97 Days and a new BULLISH TONE has now emerged and been part of this will let us identify how long it will take to reach at least separate targets of 0.00005 to 0.00007 to 0.000011 and eventually 0.000013 as a conservative target. The MEME coin can post a much larger gain and attain 10cent in the near future as it is community driven.
by LukmanBalogun
1
Long term S&P500 OutlookThis is just an idea that I am posting that may or may not pan out. It is not financial or investment advice. I am definitely not saying this is the way forward but as I was tinkering one night, I somehow came up with this, and the more I looked at it, the more it made sense. Using trend lines we have a potential rising wedge. Then I measured some fibs and copied a previous pattern to fit the PA that one might expect to happen in a rising wedge. I also added a trend-based fib extension. As you can see there is a measured move in the final wave to a -.236 which also aligns with the 1.618 from the fib extension. If this is indeed a rising wedge then we will see a choppy path over the 2020s upward until eventually, the bias would favor a massive crash or bear market. You can also see the potential pivot points based on ABCD measured move series would align well with October/November of election cycle years. This isn't a statement about who will win or anything but election cycles also mark budget cycles ie; fiscal policy so they tend to be natural pivots or continuations based on the flavor of the day. Will it pan out like this or similar to this? I guess we'll have to wait a few years to see.
SP:SPXLong
by StockSniper00
TAP Measured Move to $55 Reading chart from left to right: TAP went through a bear phase from June to September of 2021 and an accumulation phase from September to December 2021. We saw the first impulse out of the accumulation phase with it's punch to $52 and it did a classic 50% retracement to $48. We're seeing upward momentum in February which is signaling that there's potential for another measured move to $55. There's potential to go higher with a strong earnings report on Feb 24th. I'm playing this trend move with an at the money call expiring March 18th. What's really nice is that the ATM Call option is relatively inexpensive ($1.40) and a move to $55 should yield ~80% returns.
NYSE:TAPLong
by NAOptionsTrader