Hi everyone, SPX is currently playing Impulse Intermediate wave 5 of a Main A Wave. Most probable targets for this Wave 5 are 4212 and 3976. Because last Wave 2 (in blue) was very strong, im expected at least a troncated wave 5 at 4212. 4358 (100% of fobonnacci) is the 1st possible Wave 5 target but i would be very surprised if the market makers are not bringing...
Hello traders. I expect the price to correct at least 50% of its previous uptrend after the end of the pullback. Be profitable
Looking for s&p to fill in the imbalance and potentially run higher. 2 entries have been identified, one where price could tap into the imbalance (which is also a quarter point level) and run higher The other, price could retrace into the daily orderblock and then run higher, this entry provides a better R:R DISCLAIMER: I am not a financial advisor and nor is...
Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. I'm waiting for an upward movement from the current ones or through ~4650. TP: 4850 and 5000 cancellation of growth, consolidation below 4500 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis...
The ENTRY/TP zones are your entries as well as your exits. Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break. Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule. More info on the strategy and how...
The S&P 500 has rallied significantly during the course of trading on Thursday to wipe out the losses from the Wednesday session. We managed to close above the 50 day EMA, as it looks like markets are ready to continue to go to the upside for a longer-term move. All things being equal, this is a market that I think continues to see plenty of interest, as we have...
Should see price reacts nicely from here for some longs. May not make new daily highs but will definitely get a bullish reaction from here.
SPX500 Short Setup 🔵 Entry Level: $4486.0 🟢 Take Profit: $4426.9 (1.28R) ⛔ Stop Loss: $4532.1 Reasons: - Reaching resistance level at $4485 - Expecting either divergence or highly overbought level on the PVS Indicator by the time price reaches that level. Game plan: If the price flips this resistance into support (tests it), I may close the trade prematurely...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The S&P 500 index traded below its 50-day moving average, its first major breach in more than six months. The S&P 500 was able to find a floating ground after teetering...
S&P 500 : Trade plan for 23 July🕘 Target can act as Support or Resistance, Trade What you SEE, Trail Profits at every target or SL at cost.
1)Top-down analysis Monthly - Previous monthly Closure, Shooting star Weekly - Very correlated with monthly (The momentum is very bullish in monthly and weekly) 2) Confluences a. FIB b.Trendline 3rd touch c. Key level
Elliot ending parallel with wave 2 and wave 4 drawn support line. This channel top trendline is marking the end of 12 bullish years in the market. As the wave 2 of five was a throw-under of the trendline the market now need to retrace back into the channel quick. The resistance i 4450 is heavy. Low volume will offen mean that upper trendline is not touch and...
Hi Traders, This is my view on this pair for the next few days #SPX500 Double entry (wait for evidence after NY opening) SELL 4255 SELL 4257 SL 4262 TP 4240 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will...
Hi Traders, This is my long-term overview of SPX500 on a Wyckoff point of view I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market...
Perfect chance to buy SPX500? 👉 Still hedging and stacking!
OANDA:SPX500USD SPX500USD 2021 Apr 19 Week (Intraday) Again long on pullback worked for last week. Last H4 bar, price went into overbought and returned into the channel. Trade plan for this week is to continue to follow the channel and long on pullback, preferably at bottom of channel. Like and Follow if you find this useful : ) Have a good trading week ahead!
OANDA:SPX500USD SPX500USD 2021 Mar 29 Week Weekly / Daily / H4 = bullish Last week's short target of 3844 not reached, as price reversed at 3856 instead. With climatic up bar into previous resistance, may have opportunity for short when we see toppish pattern. 3844-3856 will be the immediate support. Entry preference will be a the SR and the yellow line...
SPX500 Short Setup 🔵 Entry: $3,885.0 🟢 TP & RR: $3,787.4 (1.91) ⛔ Stop Loss: $3,936.1 Trade Reasons: ✔️ Price bounced off the upper trendline ✔️ Price still ranging within the triangle ✔️ Somewhat overbought levels