Ceddy86

Ceddy86

Trend Analysis The main view of this trade idea is on the 15-Min Chart. There appears to be a reverse Head & Shoulders chart pattern setup on the S&P 500 Index. The Left Shoulder is seen around 4250 support level. The Head of the chart pattern setup is observed around the 4120 price level. This is initially seen as the lows of the current S&P 500 Index...

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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The FX Cross AUDUSD formed a double bottom or W pattern around the 0.71 and 0.718 support areas. The resistance for this pattern is observed around the 0.7475 price level where AUDUSD recently broke above and held. Expectations are for the rally to continue, which will take AUDUSD towards...

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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The stock EOG displayed 2 bullish instances over the last couple of months. The first occurred during July to September 2021 where the stock made a reverse head and shoulders chart pattern. The completion of this move took EOG back above its long term trend. The 2nd instance materialized when...

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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The NASDAQ 100 Index (NAS100) is currently testing resistance, after declining a little over 8% in the month of September into early October. In mid-October NAS100 broke the downtrend trendline and steadily rallied back towards 15720 resistance. A clear breakout from this resistance level...

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Trend Analysis The main view of this trade idea is on the 4-Hour Chart. The cryptocurrency Bitcoin (BTC) is in a descending triangle setup with the resistance trendline observed around the lower highs of 70K and 59.2K and the support trend line is seen around 40K. Initial breakdown from 40K will take BTC towards 30K. A negation of this view will occur if BTC...

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Trend Analysis The main view of this trade idea is on the 4-Hour Chart. The commodity soybean oil (SOYUSD) is in a descending triangle setup pattern. The resistance line is seen with lower highs on 7200 and 6495 respectively. The support line is observed around 5450. A breakdown in support will take SOYUSD towards 3755. A negation of this pattern will be seen if...

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Trend Analysis The main view of this trade idea is on the 4-Hour Chart. The Emerging Markets Index Future (MME1!) appears to be in a descending triangle pattern setup. The support line is observed around the 1210 level while the resistance line was created with the lower highs of 1332, 1305 and 1295. Expectations are for a breakdown in MME1! around 1210 which...

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Trend Analysis The main view of this trade idea is on the 4-Hour Chart. The cryptocurrency Polkadot (DOT) has constructed a descending triangle setup since the beginning of December 2021. The support line is observed around the 25.50 price level while the resistance trend line is seen with lower highs at 31.50 and 30. Expectations are for DOT to break support and...

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Trend Analysis The main view of this trade idea is on the 15-Min Chart. Support appears to have held at around the 2100 for the Russell 2000 Index (US2000). This is corroborated by the US2000 crossing above its medium term (195-MA) moving average. Also the Supertrend broke above its 2146 resistance above the last trading session. When observing the technical...

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Trend Analysis The main view of this trade idea is on the 15 Min Chart. There appears to be a completed head and shoulders price pattern on the commodity Wheat. The left shoulder is around the low of 750.38, the head made a low of 750.38 and the right shoulder made a low of 757. The pattern is not at its original designation however appears to be a positive sign...

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Trend Analysis The main view of this trade idea is on the 15-Min Chart. The cryptocurrency Siacoin (SC) appears to have found some support around the 0.014 price level, making higher lows of 0.01425 and 0.0145. After holding the support line SC attempted to break above its long-term (470-MA) moving average. The cryptocurrency made it to as high as 0.0165. It...

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Trend Analysis The main view of this trade idea is on the 15-Min Chart. There seems to be a triple bottom at around the 3650 level for the cryptocurrency Ethereum (ETH). After the third test of this support ETH rallied and hit some resistance around 4125. From there it made a higher low at around the 3700 price level. Currently ETH is trending higher from those...

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Trend Analysis The main view of this trade idea is on the 4-Hour Chart. The cryptocurrency Polygon (MATIC) had been in a rangebound mode after hitting resistance around the 2.20 price level is late October 2021. The cryptocurrency found some support at the 1.45 price level where it made sharp moves higher over the last couple of weeks, testing and breaking above...

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Trend Analysis The main view of this trade idea is on the 4-Hour Chart. The S&P 500 Index is now 9.6% higher off the 4300 lows in early October 2021. Currently the index is in a rangebound movement between the 4630 and 4718 price levels. Expectations are for the index to breakout. Given the width of the rangebound movement, the S&P Index should rally towards...

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Trend Analysis The main view of this trade idea is on the 4-Hour Chart. The Forex Cross EURUSD hit some resistance around the 1.14 level and is attempting to retest the 1.118 level. The overall trend is down, breaking lower from its short term moving average (MA). EURUSD continues to be below is medium and long term MAs. A negation of this move will be observed...

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Trend Analysis The main view of this trade idea is on the 4-Hour Chart. Gasoline futures (RBOB) appears to be in a bearish flag pattern setup. The pole of the flag can be seen from the sharp decline from 2.55 highs to the initial low at 2.31. Then RBOB began to gingerly channel lower and is currently retesting the 2.31 support level. If RBOB breaks below that...

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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The forex cross USDMXN is currently in an ascending triangle setup with resistance observed around the 21 price level and the support trend line seen around the higher lows of 20.12 and 20.25 respectively. Expectations are for USDMXN to rally towards the 22 price level. Failure of this move...

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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The S&P 500 Index (SPX) is in a reverse head and shoulders setup. The Head of the pattern is observed around 4280 support while the left and head shoulder has been formed around the 4320 support level. The neckline was formed with lower highs at around 4485 and 4430. SPX recently broke the...