SPX500 uptrend. Not confirmed yet, but with potential to rebound.
Targets on chart.
Be carefull, patient and discipline.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority. Trading is...
1) You should consider your own Risk:Reward ratio and do proper lot sizing according to your margin and leverage level.
2 ) Not every idea is a valid trade. Some are pending orders.
3) This analysis is just a trading idea, not a trading signal for you.
4) My own trend direction estimation, entry point, stop loss and take profit levels are shown on...
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The WHO assigned the Greek letter omicron to the variant, which had been known as B.1.1.529, following a meeting by a panel of experts Friday.
The S&P 500 has once again broken below the 500 day Moving Hull average (black line). The previous break back in September that I called managed to eventually reverse back up to new highs a few weeks later. But momentum has been trailing off despite the new highs. Will this aging and tired bull market be able to recover again or do we finally get a bear market?...
Long Upper Shadow is a bearish candlestick pattern. To indicate buyer domination of the first part of a session, candlesticks will present with long upper shadows, as well as short lower shadows, consequently raising bidding prices.
This chart looks like a giant rising wedge pattern.
This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex, suggesting a reversal pattern frequently seen in bear markets.
Looking forward to read your opinion about it.
Last week’s forecast was expecting a new ATH, continuing the strength we saw following D3 down and a strong close into Friday 12/11. The week proved to be more volatile than expected, trading up and down but ultimately finding a new ATH on Friday and immediately stopping at DPH and WPH erasing most of the gains for the week to close slightly up.
Now it seems...
Hello friends, today I am reviewing the yearly linear scale chart for S&P 500 Index (SPX).
In the chart I noted:
1) The price has been rising consistently since 1989-1990 with the price moving up in an Arc Pattern since 2009.
2) The price touched the Arc trendline in 2009 and again in 2020. If the price comes down to touch the Arc trendline in 2022, that would...
We had a relatively tight trading range for ES last week, which resulted in a concentrated volume profile with more of a POC range vs single level (see 2 highest volume profile bars).
Our plan is to go long at the BTD's with defined risk. if BTD 2 is broken with volume, we'll flip short very quickly as that's a low volume node immediately below. So long as we...
A double top is forming on the $SPY as momentum is falling out of the market. The clear trend to the upside has been touching closer to this trend line and not re-bounding as much as previously. I see a pullback coming before a continuous push to the upside.
The wave moved slower than planned, but this is great for the bulls. New target top is around December 2nd. Based on historical data when a wave 3 is in a wave 5 is in a wave 1 (which is where we are according to my current models) movement and length are as follows:
WAVE 1 to WAVE 3
The ratio between wave 1 and wave 3's length falls between 0.21 to 0.60. The...
Quick analysis on us30
We have been rejecting from the 36250 key level on the daily timeframe
It appears we are breaking the low of a bear flag formation
I like 36000 to be the first target as a quick trade
but with the bear flag it looks like 35750 is its final destination.
I will be entering this trade on the minute chart (1minute or 5 minute)
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...