Pattern: Triangle on 4H.
Signal: Buy as long as the Higher Lows trend-line holds.
Target: 4400 (just below the 2.0 Fibonacci extension, similar to the March 31 break-out).
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Both in terms of RSI/ MACD and the way the price trades on the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line), S&P500 appears to be replicating the late April - early May fractal. After a bottom on the Support, the price rebounded just below the 1.382 Fibonacci extension. That is currently just below 4270. I believe that following tomorrow's Nonfarm...
friday NFP news was good in fact + US increase rate + FED will start sell company's bond in next days (according marketwatch.com) will give dow - pressure
technically AC(or stoch 7.4.4) is fullgreen , going to turn red = dow must in next days go down (touch red trend) until fill 3angel pattern
but if dow can break 3angel from down can crash to 32000 too...
NO TIME FOR DETAILING.
1. Please see P#18 (oil), P#19 (nasdaq), & P#20 (tesla) for more details.
2. Don't have time for detailing w/ ES1! (it's not really even worth it because of the short term zig-zags.
3. Not going to do one for Bitcoin until 6/10-6/14 (need more information).
4. But right now, regressions say that BTCUSD wants to see 25k at 7/10...
At the end of the week on Friday, the bulls in the S & P500 can send a positive sign and we are back above the 4200 level in a solid upward movement. This brings us a little closer to the important resistance at the current all-time high. The all-time high is still at 4238 points. These must be exceeded so that we can speak of a continuation and confirmation of...
dow must go down in next hours,,,if you draw TRENDBASE FIBO EXTENTION (green fibo on chart) you can find targets
sellstop in low or sell after trend break with SL on high 34720
buylimit on 34167 sl=33900 tp=min 35000
note=main trend on daily chart will remain +
dow ,nasdaq,sp500 trader after 1:30 GMT to 12:00 GMT must monitor dax futures GER30 ...
Wall Street's major stock indices rose in early Wednesday trading as comments from Federal Reserve officials eased concerns about accelerating inflation and a decline in government bond yields supported big tech stocks. The S&P 500 Index rose 0.25% to 4,198.7 points.
The price has been rising in an uptrend since December 2020. The main resistance line for this trend is the line formed in November 2020. In May, the price touched it at the point 4253.7, after which it collapsed and made a false breakdown of the support line 4121.3. The price has returned to this support line and now I expect it to rise first and touch the...
As you see in the 4H chart, we have a downtrend.
The ascending trend line has been broken out to the downside and price has been fallen sharply.
Price got rejected by the demand zone (1) and started to rise and it is approaching to a supply level which is also a resistance level either.
IF price could not close a bullish candle above the supply level, I expect...
Pattern: Bullish Megaphone on 4H.
Signal: Sell as the price broke below the 4H MA50 (blue trend-line) and since December 21, 2020, every time the index broke below the 4H MA50 it dropped even lower to (or below) the 4H MA200 (orange trend-line).
Target: Anywhere within a -3% to -6% from the recent High. -3% has more chances as as 3 out of 5 MA50 breaks resulted...
Last week the price broke through the resistance line 4177.5.
Thus, she left the growing channel.
The price fell to the main channel and bounced off the 4077.9 support.
After that, the base began to grow and turned around again.
I am waiting:
1 - touching the line of support 4090.8.
2 - growth to resistance.
Target - 4242.2.
Share your opinion...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for US500, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE US 500 INDEX FROM A 4H PERSPECTIVE. Will be looking for reversal patterns for this trading plan to be effective a break above of the resistance level changes the plan.
* follow your entry rules on entries
* significant moves with the bears change the...