Hi! Happy New Year! S&P Long and Short scenario Supports levels: 3800 3780 3750 3710 Resistance levels: 3830 3866 3890 3910
The primary trend is short Target 1: 223 Target 2: fibo 1.38 level, 213 Target 3: fibo 1.618 level, 206 If the price breaks out upwards: Target 1: 250 Target 2: 257 Target 3: 276
A flag pattern is formed, wait for breakout. Targets: 27.50; 38.00 Resistance: 24.0 Supports: 20.30; 17.00 Good trading! H4:
NSE:ICICIGI ICICIGI formed a good trading range. its been consolidating for 25 days now with a total volume of 10.5 Million shares. Big players are getting it ready for a big move as they are slowly building positions in the stock. I will watch for a breakout to the one side with above-average volume. #Breakout levels are marked on chart Use position sizing...
It must be 420 somewhere, since the Jazz Pharmaceuticals stock is paving its way higher and higher to ultimately reach the orange target zone. Once the blue wave (b) is completed, the stock should drop all the way below the $125.36 support line and continue the correction until the end of the green wave within the yellow trading area. Once the course has hit the...
The GBPUSD is testing the previous high on the weekly time-frame. Is this enough confirmation to sell the pair? The answer is no. However when we drop down to the 4hr time-frame we can spot the break of structure to the preceding uptrend. Combine this with the rejection off the previous high on the weekly time-frame, it becomes enough confirmations for me to...
The temptation of using bigger lot sizes is something all traders experience in some parts of their trading journey. Yes, the wins can be nice, but the losses can be even greater and damaging. The benefits outweigh every time!!! MOVE BIG RANGE We cannot emphasize enough the benefits of breaking down lot sizes to micro lots to learn how to move and manoeuvre...
DXY H4 - Break and retest play seen here on the dollar index around that 105.00 handle. We are hoping to see deeper rejections from this price leading into US CPI figures and also FED interest rate and press conference later on in the week. The general outlook seems to be a weaker dollar on the basis inflation is starting to cool and central backs are starting to...
..Why would you break your money management rules by trading too large a position relative to your equity or emotional tolerance to sustain a loss, if you weren't positive that you had a sure thing? If you really believed in a random distribution between wins and losses, could you ever feel betrayed by the market? If you flipped a coin and guessed right, you...
What if your best trades were the ones you frequently do not enter? There are not many positives in missing trades because it's money you're not adding to your trading account. You're losing more than money when you don't enter your best trades. Let's dig in. Lost of confidence 😫 If you've ever said to yourself, "Why didn't I take the trade?" It's because you...
Hello Traders, today the pivot point for US500 index is 4165 , if brak above next target 4200 if not 4165-4200 could be a good shorting level targeting 4100 and lower levels.
Happy Friday, Happy Janmashtami, Happy Opex day NASDAQ100 is currently converging around 10 DMA. 13400 is the line in the sand. Bulls want to regain 13600 & bears want to continue to 13300. Remember remember, the opex can dismember Macro No news is good news?! but opex? Buy Break: 13 415, 485, 555, 580, 650, 745 Reversal: 13 300, 250, 170, 100 Sell...
Strong Support near 2920 Buy Near 3035-3060 and on every dip Target 3150/3200 Duration 1 Month
#SPX finally broke out over 3900 and continued strong up through close. NFLX was a big watch AH and ended up showing good numbers. We have TSLA AH tomorrow. SPX can continue this move up into 4000-4020 area by friday. 3957 and 3974 are still targets before 4000. Do not let high volatility deter you from trading if you have reliable charts you can read. Instead...
USDX Daily cautiously bullish. *Equities are down, cryptos are down, commodities are down (yes Gold included), real estate/housing market down, inflation up and the US dollar (as well as Russian ruble)... up. The Fed is expected to announce anywhere from a 50bp-100bp rate hike this Wednesday if they want to be in line with their promise to go "beyond neutral" to...
GOLD/USD Daily cautiously bullish. *As the risk of stagflation becoming full blown recession gets higher every month, equities and cryptos are falling, USD is getting stronger, energy prices are coming back down (in the short term) and Gold is going up.* Recommended ratio: 75% Gold, 25% Cash. Price is currently retesting $1867 minor resistance is it inches...
Looking to sell price back into discounted regions on the M15, as we have had enough confirmation now the 4H pullback could be over
This month, keep it simple with BTC! The symmetrical triangle was perfectly retested, which is a bullish indicator. However, the market is encountering resistance at the TPO point of control drawn from the start of 2021, which, if broken and held above, would likely lead to additional highs. When price was within this pattern, the 50 - 3-day Moving average served...