I think spl2 line is strong resistence and ES go down 3-5%. The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices
PA rising and Volume falling, not usually the best mix for a bull run. Elliott Wave count up is debatable. My focus and I think most will accept a probable impulse down. SO some levels of potential clarity I'm watching. 16.8k area, impulse complete 17165, resist and algo land. 17421, Impulse complete/inval I think until one of these breaks, could go either way....
It got a bit exciting in EV for a minute or two and HYLN had a flurry upward, but just to show you in terms of trend really nothing has happened and that shooting star through the green upper median line is bearish, shows another leg down coming. Who know where the bottom is really, I have fib targets but just like train stops the train can just keep on going...
AMEX:XLE Fool me once.... Shame on, Shame on you. Fool me twice... ummm, uhhhh, you can't get fooled again. - W Short XLE Bear Divergence, Divergence against Crude. XLE Targets: Target 1 = $59 ~50% Fib Energy Point. Target 2 = $50.50 ~61.8% Fib Energy Point. Fat_Fat
Continuation sell Look to ride the wave down Diamond top pattern Short until 1.39 Green line last TP
The current pitchfork trend is holding and I'm looking at the US10Y reverse at 3.332% this month. I'm also expecting the fed to over tighten or some other news event to drive the US10Y to 5.376% by June 2023. The nature of pitchforks are able to easily visualize the physics of the market and I'll do my best below to explain what I'm seeing. From a price action...
BINANCE:SHIBUSDT Long Shiba as long as it stays within the sky blue fork. Targets along the way are noted by the 0.618, 1.0, and 1.272 fib extension levels.
crab harmonic pattern: X=$34.5 A=$0.0053 AB=0.61 XA BC=0.38 AB 0.78 BC=$0.78 0.88 BC=$0.96 1.6 BC=$4.43 0.78 XA=$5.28 2 BC=$9.85 0.88 XA=$12.7 2.24 BC=$16.27 2.6 BC=$35.84 1.13 XA=$108 3.6 BC=$290 1.27 XA=$375 4.23 BC=$1053 1.41 XA=$1260 1.6 XA=$7815
FOREXCOM:XAUUSD OANDA:XAUUSD Hello Traders, First take a look at my previous ideas on XAUUSD 💥Pitchfork Setup💥ThreedrivesPattern💥 If the price stays in the yellow box, a short position has a good chance of winning. (You can enter in several steps) The optimal entry point for a short position is mentioned in the chart. Don't forget to risk-free your...
I think we may have a small drop if the support is maintained
If the chart is forming an Elliot impulse wave, and the sharp drop last week was the third wave of it, we will see the fourth wave correction and arrive at the short-term target of 135.0. As detailed in the related idea linked below, I would see an elongated range formation, and it could take years for the yen to recover its original level. Pitchfork. the...
stock is heading up to 136 level, which is the confluence of UM of white PF, central median of yellow channel and 61.8% fib.retracement
I think the recent upward movement is more of a trap than a trend
Looks like BTC has bounced out of the GZ and looks good for an Impulse up and 3 wave correction down. So is it a potential C wave or a Wave 3? If this is more than just a pump and dump, I will be looking for how price reacts to the Fibs and geometry here. The more dilly there is, the more I lean on it being a potential Wave 3 of an impulse. If you have found this...
I think that if the support is maintained, there is a high probability of falling
FOREXCOM:XAUUSD OANDA:XAUUSD Hello Traders, First take a look at my previous idea on XAUUSD 💥Pitchfork Setup💥 If the price stays in the yellow box, a long position has a good chance of winning. (Enter in several steps) The optimal entry point for a long position is mentioned in the chart. Don't forget to risk-free your positions. Optimal stop-loss is...
FOREXCOM:XAUUSD \ OANDA:XAUUSD Hello Traders, First take a look at my previous ideas. 💥Pitchfork Setup💥 If the price stays in the yellow box, a sell position has a good chance of winning. The optimal entry point for a short & long position are mentioned in the chart. Don't forget to risk-free your positions. Optimal stop-loss is on the chart. Please...