1- Bollinger compression
2- Bearish pattern in 1H
3- Near the overbuy zone
4- GAP at 3950
5- I don't know.... many problems, look at the banks for god sake they are going to shit.
With the news of SVB about to collapse, the markets started to move into safe havens and the stock markets started moving down. Now the question is, has the move down we've witnessed been the X wave of a larger B wave which should terminate around 4300 (as illustrated in our green count). Or is this the minor wave 1 of intermediate wave 3 which should result in a...
Wow! This is a first for me, in such a large timeframe. Looking at both patterns forming. The larger head & shoulders pattern may take precedence, as it is generally considered to be a more significant pattern. If the H&S pattern is confirmed, it would suggest that the uptrend is ending and that a downtrend may be beginning. However, if the Inverted H&S pattern is...
Based on the 4-hour timeframe, there are clear indications of a bearish trend in the S&P 500 index. After testing the weekly resistance level at 4160, the market started a bearish move with a series of lower lows and lower highs.
Further analysis shows that the market retraced to the 0.618 Fibonacci level after the first bearish impulse and tested a daily...
We are looking at the SP500 on 15 minute time frame.
we see two Dotted lines -
Green - Daily High of the previous day
Red - Daily LOW of the previous day
The daily trend is DOWN - so Daily Bias is look for shorts.
The first hour, the market came down and formed a new low before we had a break of structure to the upside. This forms what's known as Sell Side...
Hi Traders,
This is my view for today on ES
Micro and macro structure are aligned. Next target will be 3900 and can be reached immediately after a manipulation around Asian Session High or with a retest on 4000 level on a strong SUPPLY zone. (I’ll personally wait for this retest to go short).
Pit, Trading Kitchen
DISCLAIMER:
Trading activity is very...
Hello Traders,
Hope you all are doing good!!
I expect US500 to go Down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market...
If we held above $400 it would signal a larger move up. Likelihood of that happening is quite low in my opinion. With a big week of low expected earnings, possible negative news coming from Powell, and many companies looking lacklustre with weak guidance, I expect that we can see a strong rejection of the $400 level.
Closed one put already from $399 to $396 and...
There be no bears here - only bulls!
TIP: Using a stochastic with settings of 5 for %K and 5 for %D you can get an idea when prices are bowing into the dance.
When bears become dominate, inverse ETFs become profitable.
SPXS:
Entry (Stop-Limit) - 20.45
Stop Loss - 18.85
First target - 21.36 (+4.6%)
Anticipated target - 23.57 (+15.27)
What's NEXT?
PATIENCE BABY!
If nothing Happens, why would you try to make it Happen!
Let's Concentrate on some NICE plays and TRADE them Well!
No need to OVERTRADE!
Please respect the analysis. Today is a beautiful day, a golden opportunity. Just a little patience and diligence, we will be the best Happy holiday Any questions about the transaction are welcome YASSINEIØS&
This past week the bar was caught between the previous bar values which is typical of an adjustment to prices.
The result was a close for the week in the lower 40% of the bar which adjusted the previous bar to a close in the mid section of the bar, or ~41.64% of the previous weeks range. This indicated indecision of a bearish nature.
A potential test of 4007.23...
SP500 Short based on current price action, We are looking at the major key levels and the fibonacci zone for our confirmation, Trend analysis and with the help of the guppy oscillator, WE can establish an edge in the market.
Plenty of profits to take, so correction likely in the coming week.
Big question, do we hold at 50D/200D MA and surge or do we get some "bad news" that absolutely tanks markets?
Not a good time to be long either way.....
Currently looking at riding longs till the next high on US500. Manipulation and institutions capitalizing on its bullishness, likely pushing it higher for now.
