In this bearish example, we see that the price opened at the close of the previous Daily candle. Price normal mitigates/manipulates into a point of interest created in the previous day. Price will then move down as we are bearish.
PX is currently in an ascending wedge with bearish RSI divergence wait for a break of trendline and retest of support before taking a position with stoploss at last swing high and target at next area of support, moving SL to BE when safe to do so and then follow with a trailing stop looking for a bigger move down. Good luck traders.
Just for entertainment :) - Work of pure fiction and magic No financial advice
This is an update to my previous analysis where I mentioned that I am expecting an ending diagonal. Based on the low set yesterday, I am expecting 2 different entry points for shorts: 1. If price hits the upper trendline around 6th Mar (Wed) close or 7th Mar (Thurs) opening. 2. If price falls below 5056. I also mentioned the inte-market analysis using the 10...
BUY ABOVE - 5092 SL - 5083 TARGETS - 5100,5110,5120 SELL BELOW - 5077 SL - 5083 TARGETS - 5066,5057,5047 NO TRADE ZONE - 5130 to 5140 Previous Day High - 5110 Previous Day Low - 5057 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it...
Wild but expected by myself. Careful out there friends. Very simple trade here. Take your time, short bounces. BMRs can be violent. Make sure to buy time.
This is going to get interesting. I find myself lazy to post charts but also wanting credit for the Gold in my brain. Its time ⌚
SPX500 keeps falling down And SPX500 is now locally Oversold so I think that After the price hits The horizontal support Below at 4940 we will See a local bullish correction!
SPX could be making a larger irregular ABC (flat) (Elliott wave) correction with target around 3k (or lower). Or this could just be my imagination. - Work of pure fiction and magic NOT a financial advice :)
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The S&P 500 continues its upward climb after breaking key resistance levels. The Ichimoku cloud paints a bullish picture, but a recent MACD crossover hints at a potential slowdown in momentum. A retracement might be on the horizon before the next leg up. Remember, the S&P 500 often moves in tandem with the crypto market, so keep an eye on that space as well. Key...
Don't listen to me, I've sucked at trading this squeeze market. And that's all we get right now. Looks like failure of key levels, then sudden reversals and surges. You can't really plan for those. Even on futures, we shoot through Vwap and keep going, often without retests. Blind trading much of the time right now. Or high risk in the least. So, I think this is...
Alright, let's break down what's happening with Apple's stock ( NASDAQ:AAPL ) using an analogy related to an Apple product being on sale. Imagine you're walking into a big tech store, and you spot Apple products on clearance, with discount tags everywhere. The iPhone you're eyeing is usually priced at $184, but now it's on sale for $170. That's quite a deal,...
Short from 5100 Tp 4682.. Good luck and safe trade 🤗
Pair : SPX500 Index Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame and Rejection from Upper Trend Line Break of Structure RSI - Divergence Impulse Correction Impulse