It seems like a lot of people are focused on the bullish wedge and triangle breakouts shown here: These are both valid bullish patterns but I would like to share an alternative bearish perspective of the market structure that is also valid. Notice the Key Trendline Pivot. This trendline extends all the way back to the march lows: A breakout of the Key...
Here we have a smaller ascending channel (red) within a larger ascending channel. If the pattern continues we should see a test of the lower bound of the red channel. Three targets are labeled within the red channel Good luck. Remember to like and follow for more analysis and share your thoughts in the comments!
The Dow printed a bearish head and shoulders pattern at the upper channel resistance. Potential short opportunity - Wait for confirmation. The H&S retest at 29985 can be taken as an aggressive entry. 29900 is the next aggressive entry. Conservative entries below 29800 with confirmation below 29700 Goodluck. Remember to like and follow for more analysis and...
buy low sell high
NQ failed to reclaim the 11950 pivot and remains weak. Potential trade opportunity to short the market to the recent lows.
In my previous ES analysis I suggest 3650 as the initial level to open shorts. Since then, price has continued to push higher to the initial long target/short zone and has remained inside the larger channel structure here: I will begin looking for short entries at 3650 and will continue to do so up to around 3680. This gives us a zone of interest with 30...
Nice long setup after retesting the trendline breakout. Clear structure swap at $46 Long targets: $51, $54/$55
Potential reversal at the channel retest around ~$3650. This is unconfirmed at the moment but keep an eye on that price. Good luck
ES looks quite weak going into this big earnings week. There is no clear setup to trade at the moment although I'm sure that will change very soon once we see some more price action. Key levels remain the same as before. Bulls need to hold price above 3400-3410. A break above 3465 is the initial bullish confirmation but bulls really need to retake 3500....
See Chart. Good luck