As title suggests, this is an update to previous posts on massive 5 wave move from LOW
We are currently mid way througth the final 4th wave of the concentric unwinding of 4-5-4-5-4-5 which began VDUMPS lows.
See previous post for more detailed snapshot of interior complex structures.
NASDAQ has broken the Daily EMA21 and played out the Bearish Divergence on the Weekly (Test of the EMA21 )
No with this pullback we could say that if the Daily EMA21 breaks again, probably it'll test the 10800 Zone & if break EMA21 Weekly again in the coming weeks.
But until that Nasdaq is bullish and maintaining the weekly uptrend.
It could make a...
I am getting very good results with this new template I made. My main method that I use is a bit too overwhelming for most people to cope with so, I am trying this much simpler template that I made. We are just looking at E-mini and oil. Going great so far.
Bear Flag are Ranges that are repeatable trading chart patterns.
Bear Flag chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the...
Will SPX 0.618 bounce after filling the huge double gap?!
That is a trade that I would make!
Clear 12345 impulse just happened, way too many people are currently longing 0.618 resistance, be smarter than the crowd, wait for the retrace!...
this is the prediction of how index futures may go for next week starting 11 May 2020
as you can see there are perfect elliot impulse wave (12345) then correction wave ( ABC )
we are going to phase C this week
so be prepare (to short trade?) !!!
ES topped out near the 62% retracement of the big drop, which also formed a bearish divergence on Stochastics. The break below the 10-day moving average has now closed below it 2 times in a row. Below 2717.25, the late April low, would boost the chance of a return back to the March lows. A trend signal on ADX would signal strong momentum. 90-day RSI failing to get...
The S&P futures, after having broken down out of the bearish rising wedge the other day, went up and almost perfectly tagged the bottom of the wedge towards the close of the cash market today. We're getting close to a complete breakdown.