Stocks have continued to edge higher, though they are looking quite weak. We were able to break past 3792, but the very next level at 3810 is providing significant resistance. The price action rounding off, and red triangles on the KRI are confirming resistance. Additionally, the news sentiment remains bearish, so at some point we are likely to face a swift...
On the H4 chart, the overall bias for DJI is bearish. To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Looking for a pullback sell entry at 31981.14 where the 50% and 61.8% Fibonacci lines are located. To add confluence to that area, there is a market gap that looks good to be filled. Stop loss will be set at 33272.34,...
On the H4 chart, the overall bias for DJI is bearish. Looking for a pullback sell entry at 32509.43, slightly above where the 61.8% Fibonacci line is located. Stop loss will be at 34293.93 where the previous swing high is located. Take profit will be at 29653.29, where the previous swing low and 100% Fibonacci line is. Any opinions, news, research, analyses,...
Looks like price has risen again with declining bull volume. If you look at the orange arrows, you can see what happened last time price action held after price rising on declining volume. We are overbought on RSI. If you look closely, we are on the top side of the macd and its just crossing. However, on the 4 hour, we are both overbought on the RSI and the Mac D....
Hey traders, in today's trading session we are monitoring US30 for a selling opportunity around 31700 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
TSLA Support, Resistance and Pivot for today Pivot taked as a breakpoint too
Bias: Bull Chop Top Watches: Long - RTX, MSFT, UAL, CRM, RCL, SNOW. Short - PDD, TSLA, JD, NIO, YUMC
HELLO GUYS THIS MY IDEA 💡ABOUT AAPL is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the Seller from this area will be defend this SHORT position.. and when the price come back to this area, strong SELLER will be push down the market again.. DOWNTREND + Support from the past + Strong volume area is my mainly reason for...
shorted us30 at asian open countertrend trade bounce off ma bounce off resistance
MCPHY Energy - 30d expiry - We look to Sell a break of 12.45 (stop at 13.14) Daily signals are bearish. We are trading at overbought extremes. The bearish engulfing candle on the 4 hour chart is negative for sentiment. Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of...
Despite plenty of negative sentiment in the news and a week packed with data, including the Fed's redbook and housing price indexes on Tuesday, GDP on Thursday and PCE on Friday. We hit a high of 3792. We tweeted on Sunday night that this small rally was likely to be short lived and sure enough we are seeing a pull back. The APAC markets are selling...
On the monthly chart, the price reached the liquidity area and then closed above it, indicating a successful liquidity grab. Risk/Reward Ratio 2.86, the nearest profit level - 6.98 (+115% from current price). Scenario cancellation - if the price reaches 1.85. I have grabbed 1470 shares by 3.4091 for my investor *The analysis is purely the author's subjective...
This is the third scenario - pa along the trendline. Hasn't bounced nor broken out - we keep monitoring it. So far all shows it's gonna head down.
But it is at resistance once again. The curve channel formed tends to break to the upside, therefore a revisit of 3900 area is in the game - although I stick to the white trajectory drawn - if it doesn't go above $3900 Cheers
VIX is consolidating at very high levels - bounced off of the double top neck - possibly will plan to fill the weekend gap now - If we break to the downside - then 2008's scenario is still in the game and we revisit double top's target. If we keep going uip and break that htf and ltf curve - we head into unknown territory with sky being the limit.
$BABA overall indicates a bearish momentum on the daily chart. Though it has formed a downward wedge, it still has time to continue to fall before change of momentum to bullish. Question is, how far will it go before a turnaround to the upside. On Trendsi Indicators; Overall momentum is showing bearish, with red EMA (middle band), money momentum (white line)...
we have a clear uptrend on the daily we also have great fundamentals concerning inflation and the fed, for now we are bullish until we get to 32500 where we will turn around bearish violently!
Hello,Traders! SPY broke out of the falling wedge After it retested the horizontal support So now there is a high probability Of seeing a move up on SPY Buy! Like, comment and subscribe to boost your trading! See other ideas below too!