US100 completed a bearish run on 4hrs frame, closing a daily frame above 11,700 should drive the price to test the upper Fibo levels.
U30 has not bottomed yet unfortunately (expected bottoms are 30550 & pre-COVID peak 29515), continuous downward trend could drag US100 with it.
Oh my, so many questions... let's beginn on thursday: I think that if we see a rebound early in the day, it might hold up to form this beautiful 'W' shape -OR- it breaks out completely ON. A. FRIDAY. But this might be just too far fetched these days.. IF the 'W' forms though, this gives at least somewhat of a ground. Will be tested next week then -.-
If the W...
My expectation for today with Powell's speech. I believe the market has to take out all the profitable shorts from last week and then drop further. Right now the situation looks like Buy Buy! Everything is good. The sheep are being lured into the slaughterhouse.
Hello traders, Everything is clear on the chart for you like always. If it could not break, SELL to the low.
This is clear from Powell's speech tonight.
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Is anybody with me on this one? Just throwing out this idea of a 5 wave downwards structure bringing us exactly on top of pre corona highs. Valuations would be insane when we would actually go that low. MASSIVE buy imo. Keep that cash ready, if you as me atm. I'm in 70% cash atm, rest is in beaten down tech/growth and some big tech
---- Hello everyone, today I wanna share something about US100. If you look the best upper movement since september 2020, you should notice the elliot wave correction like what i draw. It looks bad i think... Market makers and other circumstances don't wanna make christmas terrible so the danger will be playing early 2022. B wave should breake the resistance and...
Double top pattern in formation, confirmation below the neckline the pattern's full target.
Weekly negative closing is an indicator of down trend continuation, in addition to Fed's interest rate hike in June.
Last week, US100 has made a new low at $11700 level. This price movement indicates that the bearish trend is still very valid and therefore, we will continue to look for sell entries after a retracement.
Currently, we can see a potential inverse head and shoulder pattern in making. Thus, we will monitor for a breakout from the neckline area. If the price...
risk on baby
we mooonin rn
qlt dont miss
dailies BELOW 16350 is bigly bear flag.. spx dailies BELOW 4740 (previous ath) is bigly bear too. these levels SHOULD hold on daily at worst we get a low wick into them. daily closes below is invalidation flag
time frame 15-60days
4950-5050 is the TP zone.
this is 7/1RR folks. noone handing yall...