The double bottom formed and the market is pulling back the 0.618RET where also a good Demand Zone locates. Meanwhile the strong support also works at this zone. Additionally, the bullish Libra Pattern is forming. Maybe it is a long term buying opportunity. So it is good to buy at 1.647-1.663 levels when the price enters and gives signals in the PRZ. SL: below...
The market has created a new higher high again and it looks like to move further.Where will the the SPX500 will go next and where is it likely to have a retracement? Maybe a resistance is not far. The 1.618EXT of the US Election fluctuation was the first resistance and the market had stopped and struggled at that level for a long time; the 2.236EXT was also an...
The double bottom formed in the past several months,and now the market is pulling back the neckline where also a good Demand Zone works. Meanwhile the 0.5RET of previous rise also locates at this zone. Maybe it is a ideal long term buying opportunity. So it is good to buy at 1.780-1.790 levels when the price pulls back again and gives signals in the PRZ. SL: below...
The 0.618RET of prevous deciline is at about 1.522 and the 2.618REXT of previous drop is at 1.515. Meanwhile the Supply Zone also works at 1.516-1.522 levels and the previous high point is a resistance. Additionally, the RSI has been divergent already. So it is good to sell at 1.516-1.522 levels when price action gives signals in the PRZ. SL: above 1.533 TP1:...
The market soared quickly in last month, and will it move further? The strong resistance is not far. The 0.618RET of previous decline from 0.748 to 0.681 is at about 0.723 level. The 1.618REXT of previous decline from 0.705 to 0.681 is at about 0.720 level. Meanwhile a good Supply Zone works at 0.720-0.723 levels. Additionally, the RSI will be overbought if the...
The market is moving along the downward channel, will it decline lower? Maybe a good buying place is near. The 0.618RET of previous rise is at 140.37 level. Meanwhile the good support zone is at 140.3-140.8 levels which is also a fresh Demand Zone. Additionally, the RSI has been divergent already. So it is good to buy at 140.74-140.79 levels when price action...
The market has broken out the neckline of short-term double top and is pulling it back now, although the upward trend line has not been breached. A good short place is at the 0.618RET where also the Supply Zone works. So it is good to sell at 1.125-1.127 levels when the market pulls back and price action gives signals in the PRZ. SL: above 1.128 TP1: 1.123 TP2:...
The market has breached the upward trendline, and also the starting point of last rise was broken out. Now the price is pulling back, maybe a short-term top formed. A good short place is at the 0.618RET which is also a srong resistance. Meanwhile the Supple zone also works at the area. So it is good to sell at 1.293-1.295 level when the price pulls the PRZ back...
The market has broken out the neckline of the short-term double top and is pulling back now. A good short place is where the 0.618RET and the 2.618REXT converge. Meanwhile a good Supply Zone also works at this zone. So it is good to sell at 45.8-47.3 levels when price action gives signals in the PRZ. SL: above 48.9 TP1: 38.0 TP2: 35.2 and further more
The market has broken out the neckline of the short-term double top and is pulling it back now. A good short place is at the 0.618RET which is also the 1.618REXT.. So it is good to sell at 0.00000145-0.00000140 levels when the price pulls back again. SL: above 0.00000161 TP1: 0.00000113 TP2: 0.00000096 and further more
The market has broken out the neckline of the short-term double top and is pulling it back now. A good short place is at the 0.618RET where the Supply Zone works. So it is good to sell at 17.14-17.84 levels when price action gives signals in the PRZ. SL: above 19.65 TP1: 11.46 TP2: 8.92 and further more
The market soared about four times from the beginning of this year to now, but the price dropped about 30% in past 3 days. Maybe the short-term top formed. Where will the market drop and where is good to buy again? 1600-1640 may be a good zone to buy and reasons are as follows: 1.The 0.618RET of the rise from 891 to 2760 locates at 1605 level; 2.The 2.618REXT of...
The market has broken out the neckline of the short-term double top and is pulling it back now. A good short place is at the 0.618RET where the Supply Zone works. So it is good to sell at 170-176 levels when price action gives signals in the PRZ. SL: above 189 TP1: 134.5 TP2: 110 TP3: 98.3 and further more
The market has broken out the neckline of the short-term double top and is pulling back now. A good short place is at the 0.618RET which is also a fresh Supply Zone. So if the market moves up to 28.4-29.4 levels and price action gives signals in the PRZ, short positions could be opened. SL: above 30.8 TP1: 22.1 TP2: 17.6 TP3: 12.7 and further more
The bearish AB=CD pattern has completed at 17.4 level and the 1.618REXT of B-C is at 17.38 level. Meanwhile a resistance also works at 17.4 level. Additionally, the RSI has been divergent already. So it is good to sell at 17.3-17.4 levels when the price pulls it back. SL: above 17.6 TP1: 16.9 TP2: 16.5 and further more
The market has broken out the neckline of the short-term double top and is pulling it back now. A good short place is at the 0.618RET where the Supply Zone works. So it is good to sell at 2273-2350 levels when price action gives signals in the PRZ. SL: above 2470 TP1: 2000 TP2: 1850 TP3: 1638 and further more
The potential Gartley pattern will complete at 51.5-52.0 levels and the D of the AB=CD pattern also locates at this zone. Meanwhile the market is moving in the Vegas channel. So it may be good to sell short at 51.5-52.0 levels when bearish candles appear. SL:above 57 TP1:47 TP2:40 and further more
The market had pulled back the previous broken structure twice and then had a big fall. Now the third pullback is coming. The broken structure locates at 49-49.2 levels which is also a Supply Zone. Meanwhile the 0.618RET works at 49.3. So it is good to sell at 49.0-49.3 levels when when the price pulls back. SL: above 49.4 TP1: 48.2 TP2: 47.7 and further more