The S&P 500 index is currently in a bullish trend, forming higher highs and higher lows. However, it recently created a series of equal highs, followed by a lower low. If the index breaks below the recent low, it could be an indication that the trend is turning bearish. On the other hand, if it breaks above the equal highs, the bullish trend is likely to continue....
wow, its been ages since I have posted here. Sorry guys, I have been very busy. But this morning I had a chance to breathe so I decided to show you what I am keeping an eye on. I am waiting for price to come back into previous support now turned resistance on the Hourly Timeframe AFTER it breaks that last level of support down at 138.000 even handle. We had a nice...
Hey Traders !
Feels like its been forever since I posted, markets have been providing me with little opportunity so there hasn't been much to post, and If I posted ever idea that I had, then this would be a signal service instead educational content.
Today I want to give you guys a look at GBPJPY. So I have been following this pair for quite a bit now and its...
Straight forward Double top, possiblity of a 2618 depending on how things progress.
But last weeks candle didnt close higher than the previous high, previous area of Resistance.
I have a Long view on this pair up to the D point of the possible cypher.
Looking at how we may get there, as you can see the previous candle came all the way down to previous support and rejected this are and moved up. This current candle is in or around another are of previous support.
If we see the candle close above the trend line I feel we will see a move...
Following on from my cypher idea on the 60 min chart, we have come back up into previous levels of resistance
If this candle closes in the highlighted area I feel we will see movement downwards as we are in the oversold area of the RSI
The pound have been on a very choppy ride sideways lately, but what means bad conditions for others, means good conditions for harmonic patterns, or fib structures.
So here we got a Bat pattern setup on the GBPUSD we had an Cypher earlier that got invalid, and turned in to this setup where we are going short at 1,43183 at our PRZ level, stops and targets are on...
We have had our Double top and impulse leg down
if we see a retracement to the 618 I feel that pervious support could act as ressitance and see a move to the downside
Here on the 1hr chart we have a few different reasons to believe this pair may be headed lower. These reasons consist of a double top, RSI divergence and previous structure support that could now act as resistence. There was also a couple of fib levels that came in around this area aswell and we are very close to the even handle number of .99000 which will...
GBPUSD has put in a Double Bottom at Daily Support. RSI went Oversold on the 1st Test. On the 2nd Test the RSI was showing Bullish Divergence. Zoom in on a Lower Time Frame once Price reaches the Entry Zone and look for some sort of Reversal Pattern Such as a Hammer Candlestick, Doji, 3 Bar Reversal, etc... Stops go either 1 ATR or 10 Pips below the Double Bottom....
hey, traders. If yo look at the chart you will notice priceaction trading within the last impulse's leg range. As we all know moves in trends. So, it's not a bad idea to look for a trend continuation. I'm looking for another impulse to the upside and i'm going to use this bat pattern to enter long. As usual stop needs below X. My target is 1,272 XA extention. This...
Notes on the chart. The reversal sign by itself is a very good reason to enter short. Here we have a gartley pattern also telling us of price more probably to go down. this gives us an edge. If this edge is repeated consistently - then the stream of our trades generates profits)
Blue arrows = impulses, voilation or retest of previous move's range.
Red arrow = corrections, priceaction within previous move's range.
Trend = at least two impulses of same direction with a correction between them.
Consolidation = at least two impulses of same direction with an impulse of opposite direction between them.
Price moves in trends. A trend remains...
As price action makes its way back up towards previous structure highs, we’ll reach what I like to call a “decision point” in the market. I call it that because it’s at this point where our “IF/THEN” thought process comes in today play in our decision of whether to go long or short.
Because we have yet to break structure, I won’t touch on the long option, but...
