Worst case scenario painted out... a real danger to the Infinity and Beyond Projection
Any attempt over the next two days is met with resistance and fails the 4H 55EMA;
then it breaks down below 4320, and takes out the last low to make a lower low... only to go all the way down to 3880, fulfilling the topping pattern at the very least to the downside...
I was having a discussion with one of my trading buddies today regarding my trade on ATCO, using a strategy I adapted from the great Jesse Livermore using a pyramiding order system along and below a mean using standard deviation and the Andrews Pitchfork method.
Shortly after the covid drop I started to build a position on ATCO after quickly identifying the...
My current opinion (to be invalidated if there are signals that contradict my current view). On daily charts, we could probably see an ultimate outburst to the top next week before a progressive collapse (on November 2019?) of the US (and therefore worldwide) equity markets. If this happens, then we would have a perfect Diamond pattern which would be potentially...
SPX is approaching its support at 2801.6 ( 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 2958.4 (61.8% Fibonacci extension, horizontal swing low support).
Stochastic (89, 5, 3) is approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please...
SPX is approaching its support at 2837.1 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 2958.4 (61.8% Fibonacci extension, horizontal swing low support).
Stochastic (89, 5, 3) is approaching resistance where a drop could occur.
Trading CFDs on margin carries high risk....
S&P is approaching its support at 2837.1 (horizontal swing low support, 100% fibonacci extension , 23.6% fibonacci retracement ) where it could potentially bounce to its resistance at 2958.4(61.8% & 100% Fibonacci extension, horizontal swing high resistance).
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure...
SPX is approaching its support at 2856 (100% Fibonacci extension,38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 2958.4(horizontal swing high resistance).
SPX reversed off our first resistance at 2956.0 (horizontal swing high resistance) where a strong drop might occur below this level pushing price down to our major support at 2856.0 (horizontal swing low support, 38.2% Fibonacci retracement , 100% Fibonacci extension ). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can...
The Dow Jones index has made yet another high at 24860 levels before pulling back, which could be a potential top for the down trend to resume further. Please note that Dow Jones pulled back close to the down trend line passing through around 25150 levels and just ahead of fibonacci 0.786 resistance at 25100 levels respectively. This might not be a confirmed...
![CLF: [CLF] CLEVELAND CLIFFS INC. BUY SETUP](https://s3.tradingview.com/v/VcoJri51_mid.png "[CLF] CLEVELAND CLIFFS INC. BUY SETUP")
