This review is how I will anticipate the market. Knowing the last candle of the year is about to end, I will keep all options open and knowing the opportunity now is here.
I post simply a line of level which I will be watching as described. It's simple, the rule of any business is progress unless some significant hickup (usually just an excuse to justify the...
SPX is currently on the wrong foot again as last week's quick recovery on the impressive Nonfarm Payrolls is proving to be too unstable. The index is well within the multi month 1W Channel Up (RSI = 64.964, MACD = 69.900, Highs/Lows = 55.7180) but as it trades on the Higher High trend line, a medium term pull back for a Higher Low is technically justified.
The...
Use this as a guide to develop your setup:
Main items we can see on the Daily Chart:
a)The price was not able to broke above the Highet trendline of the White ascending channel.
b)The price Broke the ascending dash-dot light blue channel.
c)Price Found Support on the Higher trendline of the Yellow channel (most significant structure of the chart).
d)Currently,...
short #sp500 at 3148 with 3 TP until 3098 so 50 pts a huge profit but will go more deep later for now i talk only pullback UP TO STRAIGHT SO FAST FOR NO REAL REASON
Levels to watch Today for the New York Session.
See related idea for Yesterday's levels and how they where sensitive during the Day. Although I expected a deeper Retracement, the Resistance Levels noted where good for the New York Session High and Today's London Open High also bounced from a noted Resistance Level.
Not a good idea to pick the High. We are close...
Pattern: Channel Up on 1W.
Signal: Bearish as the pattern is close to its Higher High.
Target: 3040 (just above the 3030 1D Support and where it is expected to make contact with the 1D MA50).
This Channel Up has been working great for me so far giving me the following accurate signals:
As well as hundreds of indicators based on historical data leaning highly bearish, strong possibility of a head and shoulders pattern forming on both the 1D and 4H charts. Printing more money can only work for so long, before a correction is inevitable. Bubble could be about to burst.
Unfortunately, it is a trade opportunity that we see a little late.
It could be safer if we saw it after the closing.
I still want to be in the game.
I've added a short-term idea below as an extension.
But with the following parameters:
RISK/REWARD RATIO : 1/3
POSITION SIZE : %1
STOPLOSS : 3105.3
GOAL : 3155.5 - 3155.8
As per our last study, the +100 pip target has been reached:
The index has approached the Higher High zone of the 1W Channel Up (RSI = 64.884, MACD = 62.620, Highs/Lows = 78.1742) and the 1D RSI is close to the 71.30 level which since February 2019 has always caused a pull back.
When on the Higher High trend line of the 1W Channel Up in particular, the 71.00...
The idea of this chart is to summarise the most important aspects of what we can see on SPX
-We can see the full structure since 2018, with all the inner movements
-The main structure is the Upper and lower trendline of the Channel (white lines)
-The upper trendline has been tested 4 times, all resulted in a huge bearish movement after that
-Currently, the price...
Hello Traders,
A rising wedge can be seen in ES1! (S&P 500) and I believe that it needs to make a correction so a breakout to the downside is to be expected. There may be another upside move and for that reason, a 30-point stop loss was set along with a 90-point take profit just around an identified key level. Furthermore, this trade idea supports our XAUUSD...
The price is near an accurate entry point.
We can open Buy after the false breakout of Key Level 3028.3.
Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
We have been trying to catch this Bearish Movement since we start observing weakness signals of the Current bullish movement
-We have an ascending channel (solid white lines)
-The price tested 3 times the higher trendline without being able to surpass the zone
-On MACD we can see a huge Divergence
-We can see a second channel (the yellow one) which shows the...
Use this as a guide to develop your own setup
-Currently, we can see a Wedge pattern (Weakness of the Bullish Movement)
-The Wedge pattern was formed on the upper trendline of the Major Ascending Channel without being able to break it (Weakness of the bullish movement)
-Now we saw a first Breakout of the Wedge pattern and right after that the formation of a flat...
"The Artificial Muscle"
The Fed has done well propping up the market, and expending the bubble. As we know the Fed is actively expanding the balance sheet, and that can only have one definition no matter how hard the try an deviate from the term. This is QE4 and inflation occurs as more Dollars are injected into the rotation. The first and most common place we...
Use this as a guide to develop your own setup
Today we will focus on this Ascending channel as the main structure of the current situation
-The price is finding strong resistance on the upper trendline of the channel
-We can see 3 tests of the trendline without being broken
-On MACD we can see a huge Bearish Divergence
-Finally, there is a Wedge pattern on the...
