It is important that we utilize the higher time frames for direction bias and target the highs or lows where liquidity is found.
ALWAYS trade in the direction of the HTF.
LTF are used to refine your entries.
1. Identify market direction - Daily/4hr chart.
2. Identify your current trading range. -Daily/4hr chart.
3. Get your Fibs retracement tool and draw from the...
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In this video, I have broken down US500 to refine my entries. We have long term uptrend on the H4 timeframe. So we are looking for buy positions, and for that to take effect, we wait for price to retrace back to the H4 demand zone.
While the price may retrace to the H4 demand zone, in the H1 timeframe we see the price is about to change character to the downside....
SPX500 is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 5,048.51 which is a multi-swing-high resistance.
Stop loss is at 5,080.00 which is a level that sits above a confluence of Fibonacci levels i.e. the 127.2% extension and the 100% projection.
Take profit is at 4,997.72 which is an...
Enjoy the breakdown, if you agree or disagree let me know in the comments below. I am always open to your thoughts and opinions - I never stop learning and I hope to work together to better us all. Cheers.
**Weekly Market Recap 🌐**
Hello Investors! 🌟 This week's market activities were dominated by earnings reports and pivotal US inflation data, with markets closely monitoring the Federal Reserve's response. 📈
**Market Overview:**
- Despite unsettling inflation data and mixed earnings reports, US indices hovered near record highs, buoyed by expectations of...
Since my last call for a "long then short", I believed the opportunity to short SPX is here in the sense that the risk-reward is now too favourable on the short side.
We've employed a blend of point and figure analysis along with Fibonacci extensions, incorporating a resistance line to pinpoint levels between 5040-5100. With each successive high, we've noted a diminishing strength in the RSI indicator, suggesting a potential stall in the upward movement within the 5040-5100 range.
Within this zone, we've identified around four...
All in the video. Technically we were primed for a larger move down and I think we've started. Next obvious support is 4800, but I believe it will break and we'll get down to 4725ish within a week - that's also where the daily BB is. Everything looks bearish except the Dollar right now. Will update if things change.
Good luck!
All in the video. Tech may have topped but we will likely bounce on QQQ and SOXX and therefore get the SPX to new highs, either before or after FOMC. Gold is consolidating for a big move, I think down to 1900 or lower. BTC will probably test it's highs and maybe even get to 50k or more.
Good luck!
Hey Traders,
The FOMC Meeting is underway and comments are coming across the wires about the state of monetary policy and the handling of the economy.
Tentatively positive comments are being spoken leading to a further rise in the value of the SPX.
Here's why I'm short biased.
Fomo Friday will probably continue into Monday. My guess is risk on assets - IWM and Crypto will likely get bid hard while SPX and QQQ consolidate and take a breather. Gold needs to hold 2k otherwise it will probably dump hard. Oil has made no real decision yet, but XLE looks like it will rally back to it's channel. TYX is rising, but so far the market doesn't...
As the year comes to a start, we must 2024. We're hosting a 1-hour live session with David Russell, Global Head of Market Strategy of TradeStation. Bring your questions or comments. Sit back and enjoy the session.
US500 May Reach 5000 Soon
The Price created a new All-Time High during the previous week.
We can see a weekly candle above the structure zone and this suggests a
bigger bullish wave.
if the price will manage to hold above the large zone we can see US500 to test 5000 soon.
This can be supported also by this bullish breakout and the fact that the price was...
I got his one completely wrong recently - but the advantage of using technical analysis lies in having a perspective and a predetermined stop. This approach effectively nullifies our prior pessimistic outlook, which was based on divergence and failure at old highs.
At present, we can reasonably assume that the market is still in a bullish trend. The surge in...
All in the video, it could be that the 18 daily ma acts as resistance today and we get to 4700 minimum. I'm cautiously bearish because of the movement on the Dollar (DXY) and explain that in the video - good luck!
Bias is still up n the SPX and getting over 4800 is likely. USOIL is at a decision point. Gold rallied hard friday but to me it seems like a kick back rally. TYX looks like it will pullback, thus supporting more upside in the spx. BTC has lost it's channel and I believe it's an objective short from here for a while.....
