We are currently rejecting a weekly level of resistance as we target lower first at our H4 key level. We are simply following along with our previous analysis as we look to target lower. We can monitor this trending market down on the H1 timeframe with LHs and LLs being formed. Throwing on our fib I will look for a retest of the 61.8% level before heading lower
On the monthly timeframe we are still bearish and currently within the bottom half of our range. Down to the daily timeframe we are currently testing our 200 day moving average after falling below. So live price is currently below the average of price over the last 200 days which is important to note. On the H4 timeframe we are actually bullish and formed a double...
THE EURUSD HAS BEEN RALLYING ALL WEEK AGAINST THE DOLLAR. CORRECTION DUE SOON. EURUSD IS 250+ PIPS AWAY BOTTOM OF THE DON CHAIN CHANNEL. PREPARE FOR A SELL OFF ONCE BEARISH CANDLES FORM.
We are finally presented with more accurate technical analysis details on which we can more or less rely on here...As you can see, we managed to break out of the descending trendline from my previous posts coming up the our first crucial zone of confluence on the lower time frames. 5900-6000 is currently our holding resistance level and we will be looking to take...
this may be a big play tomorrow if we get a reversal and turn red, these weekly 20p should open around .2 if twtr is at 26. 26.3 is my threshold for it to bounce before heading back down, these contracts are volatile and will MOVE. There is alot of call volume atm so ill be watching for a influx of puts to signal entry, below 26.3 and spy turning around and this...
MCD is holding its monthly support, if it breaks below this 148 watch for 140 then possible 137-135 gap fill. MCD is strong but the virus could hurt its sales enough to drop it lower.
This looks like it is also heading for another push lower, I would start watching this for a drop below 38.7 with confirmation being below 38 to lower, these same week puts will pay all week if this stays below 36.
Watcing ABBV for a drop below 81 for lower, this looks like its setting up for a squeeze down hard. watching below 81 and option spreads, they look wide pre-market but may tighten up at open
It looks like the 200 SMA is going to be and always is a sweetspot for a bounce after these big pullbacks. That would make the support on SPY being $265. I wouldn't get fooled by these fake pumps towards the end of the day as it looks like they are just trying to take premium off these weeklys. Go long or enter right at the end of the day would be my suggestion.
It looks like NFLX is stuck in this wedge for now and following the market down, confirmation to lower would be around the 342 mark, from there we could see 333 and 292
MAT looks like it has been consolidating for awhile now and with the recent put sweep and selloff in the markets, it looks ready for lower. The $9 puts for 17Apr have 43k oi and look very good if we reach our final put target, as long as this stays in the box we should be good to go lower.
ENGLISH:
As we may observe in the chart, it clearly indicates EURJPY is about to make a big move down the aisle.
The canal in color yellow is being respected, also the tendency line in cyan color is being tested. According to Ichimoku Kinko Hyo it shows we must keep on selling as the red cloud is getting thicker. So does the white line of the Ichimoku indicador,...
USDCAD Daily
Usdcad starts making downtrend swings, after this double top setup. So with Our double top formed, taking short trades would be really easy to spot.
