💥 S&P 500 INDEX SPX 4H-TIMEFRAME ANALYSIS
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💥 S&P 500 INDEX SPX 1D-TIMEFRAME ANALYSIS
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This is my new idea for 💥💥 S&P 500 INDEX SPX
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Stay Safe💯💲💲💲
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CME_MINI:ES1!
CME_MINI:ES1! has broken resistance as Wall Street continues to monitor the situation surrounding the debt ceiling with hopes of a deal being reached.
This breakout needs to hold via a retest or Bullish pullback for Stocks upside.
If it's a fake out, look for potential shorts via LTF e.g. 4h
CRYPTOCAP:BTC is like a tech stock and when it's...
Pair : S&P 500 Index
Description :
Impulse Correction
Completed " 12345 " Impulsive and " abc " Corrective Wave
Divergence
Break of Structure
Falling Wedge
Consolidation
Bullish Channel in Long Time Frame as an Correction
We are in a very crucial zone in terms of time and price on Sp500 right now and people who make the right decisions will make money.
But to make the right decisions you must look at the data and filter out all the noise and be patient.
I have presented my case for incoming selloff a few times before and now it's all coming together. I have provided the...
Hello 🐋
Based on the chart, the price is close to the unbelievable resistance zone (the descending channel resistance, the parallel channel resistance and the ascending channel resistance) ❌🧨
we expect to see more correction to the downside ❌🧨
brief green candlesticks before shark dump and correction is logical ❌🧨
Please, feel free to share your point of...
S&P 500 moved towards the 3980 level as traders prepared for tomorrow’s CPI data meanwhile, the tech heavy NASDAQ Composite was up by 0.4%.
Today’s rebound is led by energy stocks. WTI oil managed to get above the $73 level as traders focused on the Keystone pipeline outage.
From a big picture point of view, S&P 500 continues to consolidate in the range between...
Looking at the short execution of the bearish harmonic PRZ, confluent with the .786 and 0.886 retracement of the whole move up It's a day trade. It can be a swing trade as well based one's risk capacity for Swing Trade SL is much higher at 4280.
Alternate View of the chart with all the levels of interest.
I have over 6 years of trading and investing...
SPX 500 Analysis on Weekly Timeframe!
Rising Wedge Pattern in SPX500
Rising Wedge Pattern Formation after a Strong Downtrend
SPX500 was in downtrend before now we are seeing a temporary uptrend but if we observe carefully it is an unstructured uptrend, for trend reversal it has to break 4323.56 level. Now SPX500 has formed a Rising Wedge Pattern. This...
Pair : SPX500 Index
Description :
EXP Fiat in Long Time Frame as an Corrective Pattern and Completed " ABC " Corrective Wave
Divergence
Break of structure
Completed " 1234 " Impulsive Wave
EXP Fiat STF
CHOCH - SMC
On the 15-minute timeframe, we are currently in a bearish range between 4144 and 4121, with the latter being the liquidity zone of the range. This makes it a potentially good target for a short trade. Currently, the price is retracing to the grey demand zone of the range, so with confirmation, one could enter a short position, anticipating the continuation of the...
In the one-hour timeframe, we observe that the price has retraced to the grey zone around 4143 and has reacted favorably to the 4-hour trend. Once again, the price action is close to retracing to the same zone, which could indicate a potential short trade if entry criteria are met. Similarly, we can refer to smaller timeframes to observe new ranges forming in...
Currently, on the 4-hour timeframe, we are in a bearish range that is between 4150 to 4113, with the latter being the liquidity point of the current range. Therefore, we can expect some reaction that will help confirm a possible short entry when the price touches the grey zone. Alternatively, we can continue to monitor smaller timeframes to follow new ranges that...
1. Is seems like a CHoCH has already happened! And it will go lower from here!
If that happened, and we didn’t catch entry! Wait for ritracements or BOS
2. Or might visit the Hight before going lower! Which I would love it will happen next week!
SPX price chart has printed a bearish harmonic pattern along with a bearish divergence on RSI which indicates trend may reverse from bullish to bearish if the support level of 4060 is broken.
Pair : S & P 500 Index
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Upper Trend Line
Break of Structure
Completed " 1234 " Impulsive / " AB " Corrective Wave
Divergence
Impulse Correction Impulse
Rising Wedge as an Corrective Pattern in Short Time Frame
S&P 500 has been moving on Ascending Channel for about 12 years😱. S&P 500 had an Impulse wave with an Extended 3rd Wave . When wave 3 is extended , we can use from Elliott Wave Fibonacci Retracement and Extension Guidelines of extended waves :
🔅 If wave 3 is extended , waves 1 and 5 are often nearly equal in magnitude and duration.= This...
The price has rejected from the potential reversal zone ( PRZ ) its is likely to reverse the trend from here . The price has made a bearish divergence here. Wait for the trend to make Lower highs and lower lows. Sell at the break of first LL.
