• The SPX is doing a bearish reversal structure, as it lost our two main support levels: The 21 ema and the 4,060; • Last Friday it tried to react, as it did a Dragonfly Doji, just above the 21 ema – However, today’s reaction rejects this bullish attempt completely; • Now it seems the SPX is seeking the next support, at 4,015; • Since the index lost the 21 ema,...
• The index hit our resistance at the 21 ema, and it couldn’t break it; • On the other hand, the 3,818 is a key support area, which is preventing a further drop to the 3,744 (next technical support level, green line); • As long as the index remains between these two key points, it’ll be in a “no man’s land”, moving erratically while we don’t see any good technical...
AUDJPY. Enter a long position at 91.683. Pin Bar occurred at Support Level using Pivot Point Indicator.
This chart lays out the different potential pivot areas for a bounce in the #DXY. Each pivot zone could be correlated with an emotional level of the market. We can see that the DXY has not yet reached the 0.618 Fibonacci retracement level. This obviously does not have to happen, however this could potentially outline that we are currently coming out of the anger...
Hello my fellow TraderZ, Today we are here to discuss about the QUEEN of #Cryptocurrency - $ETH #ETHEREUM. Can see the price is again following the SYMMETRICAL TRIANGLE Pattern and once again coming to the edge of the Pattern. Last time on the CPI day, we had a sharp Fakeout to grab the Liquidity existing below the level of $1260. PA is not looking so...
Order BUY DIA ARCA Stop 295.32 LMT 295.32 will be automatically canceled at 20230401 01:00:00 EST DIA daily divergence break of the downtrend. Take profit Fibonacci 50% retracement. Stop loss under recent low pivot.
Order BUY SQM NYSE Stop 96.09 LMT 96.09 will be automatically canceled at 20230101 00:00:00 EST SQM bullish hammer at local pivot low wave 4 of downtrend gotta be quick
CME_MINI:NQZ2022 - PR High: 12064.75 - PR Low: 12041.00 - NZ Spread: 53.25 Evening Stats (As of 12:05 AM) - Weekend Gap: -0.32% (filled) - Session Gap: -0.08% (filled) - 8/29 Weekend Gap: -0.18% (open > 13125) - 8/19 Session Gap: -0.04% (open > 13540) - Session Open ATR: 302.86 - Volume: 25K - Open Int: 268K - Trend Grade: Bear - From ATH: -28.3%...
EUR/ZAR hit take profit from the September 6th, 2022 trade idea. Link To Chart: Link To Image:
Price has broken above the midterm resistance and closed the week above it. The price stability above the resistance suggests bullish continuation to the next resistance levels at 0.75329 and 0.75825
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BINANCEUS:TRXUSDT on the Binance US exchange has found support at $0.063. The 4H chart shows how Pivots High Low can help identify support and resistance, and price direction changes. The Low Pivot on this chart shows a local bottom and happened on an exhaustion candle with very low volume. Low volume on a downtrend could indicate a change in trend...
things look like they're going as planned. I''m just waiting for price to close above the last pivot high, from there it's a good chance we might see a breakout to the upside, and hopefully an even stronger move to back to the bottom of the consolidation zone and later the top of the daily downward channel!
Pound/Dollar has some potential here. Using the RS ADR tool you can see the Average Daily Range of 114 pips takes us to the red pivot level just above 1.23000. This correlation gives us a nice take profit point with the usual double bottom pivot levels and bullish price action giving us the entry point. Taken a risk with a slightly early entry as price hasn't...
Price strongly broke the monthly pivot and retested it. Strong price rejections on the support suggest a resumption of the bullish trend. A break above and retest of the trendline will initiate buys with targets beginning at 1.03970 and extending to 1.04700.
Watching GBP today to see if it can build a base for an upside move. I'm not convinced currently but price action is starting to develop. I'll be watching the pivot levels around 1.232 to see if we can make a nice break higher. We took a similar trade last week on GOLD which worked out nicely, but remember: There's no need to try and nail the bottom! It's...
We've been watching EURJPY all week as it interacts with the pivot levels. After an initial downtrend price found the support before a clear momentum move to the update. The whole time price action has been making clear moves to and around the pivot levels, giving multiple entry points. The long plays on 26th and 27th were short moves with traps following, but...
Price made a steep decline to the monthly support. Price Rejections on the support indicate a retracement may occur. Waiting for reversal confirmation before placing a buy order.