Hello fellow traders, Understanding the current markets are awful as of the this year, price suddenly sky rocket like a balloons on space. My idea is base on Distribution since the COVID 2020 fall of -35%, the price retrace back for 3 years on the run with almost 45% if price goes to my analysis atleast 4966$. Then we might see a fall or Down back to the COVID...
What's on the chart? 1) An old high that marked a strong year for 2023. 2) A rebound in a weekly FVG that earlier served as a bullish signal for prior trading sessions. 3) In the process of that rebound, a 4H bullish FVG was formed which will serve as our target area + fibs. 4) The 2023 high was broken. 5) IMPORTANT: the new high wasn't taken out. Hmmm.....
New Top, Old Resistance: Mixed News Question Bullish Supertrend Dear Esteemed Traders, TECHNICAL ANALYTICS Zooming out on the chart, ES hit a level that might be a resistance since January 2022, formed by a previous top. Historic tops often act as a resistance. Alone this would be a weak indication, but the price managed to hit that level at the same time...
Since the recent bull move at the end of October began, we have stayed above the same trendline. Not only did the final hour of trading break below that line, it also closed below it. Is this the first indication we have begun Cycle wave C down? Based on the historical quartile percentages, it appears Cycle wave C and ultimately Supercycle wave 2 will bottom...
Hello TradingView community! I'm excited to share my Elliott Wave analysis on the SP500, which is currently showing a notable sell opportunity. As a dedicated practitioner of Elliott Wave theory, I've been closely monitoring the SP500 and have some key observations to share. Through my detailed analysis, it's become clear that the SP500 has completed its bullish...
I am bearish again already (surprise)! The terror in the Red Sea could be the tipping point for future economic calamity now that multiple companies have chosen the longer path to market around South Africa. Going on the premise Minor wave 4 dropped with a quiet whimper, we are possibly in the final Minor wave 5 up. First task is to identify potential tops. The...
Hopefully its time to take another crack at forecasting Primary wave 3 down. Wave 2 started strong and managed to retrace 98% of Primary wave 1 down. I began to have doubts we were in the right place. Still would like a drop below my green trendline here: We finally broke well below the yellow and have created a lower low and lower high. These are early...
We are currently in an upwards rally in the markets With a trend fib being pulled from our larger lows we have a coinciding level of the 50% retracement converging with the top line of our rising wedge which is a bearish pattern (depending on how long this march takes we could meet our golden ratio 61.8% at the top of our wedge creating a yearly double top as a...
I like this retracement up on the SP500. I like this SELL opportunity because the indices are also way overbought. Share your thoughts! See more information below👇 in the profile. The Professor
📉 S&P 500: Riding the Elliott Waves Amidst Market Flux! 🌊📈💨 Embark on a journey through the Elliott Waves as we dissect the current state of the S&P 500 in this short yet insightful analysis. The waves unveil a potential short-term narrative, allowing traders to strategically position themselves amidst the ever-evolving market dynamics. Let's decipher the...
With a few more days of data from the last analysis it is time to lay out the next possible paths. The index and markets are very much so overbought. A downturn is coming. No matter what happens this week, December will likely contain the next selloff. Does it continue tomorrow, or can the market find another new high above 4521 first? I will lay these out along...
Operating under the premise Primary wave 2 was finally finished or will soon, this is the preliminary peak at Primary 3 down. Here is the hourly: I am displaying the daily with the play button so it will be viewable forever on TradingView as the hourly will eventually stop loading (years from now). Things to note, Primary wave 2 was the third largest...
If you check our previous post on the SP500 here you'll see we called the top of the B wave in back in July and since then we've moved down in a leading diagonal to complete wave 1 of C, now we're in the middle of a sharp and fast wave 2 and we believe Friday just gone marked the top of the A wave of this wave 2, we're expecting a pretty quick decline for the B...
📉 S&P 500: Unlocking Short Trade Opportunities with Elliott Wave Insight 🚀🌊 Uncover potential short trade opportunities in the S&P 500 with our in-depth analysis, guided by the principles of Elliott Wave Analysis. Decode intricate wave patterns, identify critical resistance levels, and delve into advanced trading strategies crafted to optimize your short trade...
Minor wave 4, if it ended was a dud. But the models indicate Minor wave 5 and the Intermediate A top will come quick. The historical models indicate the market can now top as early as the second hour of trading tomorrow. Minor wave 3 is likely already through wave 3 as seen here: Based on a hypothetical top of 4384 the path in the image above outlines the rough...
Spectacular comeback for us500, but now let's see what will happen next week. It seems that it manages to close both the week and the day well and thus leaves room for another climb up to the area of 4398-4400. Here we have an ultimate test for buyers, let's see if they want to leave and collect the profits or if they will still stay in the game. Buyers must show...
we have the nasdaq with a sell signal after eating all the liquidity from the previous sessions of last week now we can go down to other points of interest
Price even can not hold the Sliding-Parallel of the Center-Line. This tells me, that if it can't jump back above the CL next week, the next target is 4000. Happy Christmas §8-)