Holliday week coming ahead of us, the market seems slow, and i think that's going to be the tempo for the rest of the week. For tomorrow i like S2 as a buying point, and if the market moves higher R2 seems like a good place to start some shorts, there is some fib levels around that area as well, so i will be paying attention to the 6980 to 7000 zone. Please keep...
The market bounced from our key level, we didn't get an entry signal, but our analysis was right, i hope you guys were able to get a piece of that move. Moving forward we have some resistance above, i like R1 to start some shorts, and if the market drops we will be looking to get some longs around S1 and possibly YL. Please keep in mind that these are not trading...
The market continues pushing lower but it doesn't have the same momentum, it looks like the bears are getting tired, and the bulls are ready to take over. We will be looking to take some longs at S1 or S2, and if the market pushes higher we like R2 for a possible short trade. Please keep in mind that these are not trading signals, use your own analysis before...
As we mentioned yesterday 6954 was our entry target, i hope you guys were able to capitalize on that move. Moving forward the market is pushing higher with some momentum, if the market breaks today's high we will have some nice selling areas, the first place to take a look it will be 6989 which is a resistance level from previous structure, as well as the 61.8...
Hello traders i hope you had an excellent day, and took advantage of our analysis that worked out really well, too bad we don't trade the premarket or aftermarket, moving forward after that sell-off we should see a correction, we will be looking to take some shorts at R1 which is 6954, and if the market keeps dropping we will be looking to take some longs around...
After the break of the ascending trendline on Friday, next week we will be looking for a correction and after that maybe a continuation to the downside, the best place that we can think of to start a short position is going to be YH around the 7120 area, around that zone we also have some structure, as well as the 61.8 fib retracement. Please keep in mind that...
Like every fed day, we decided to take the day off from the charts, and i don't think we miss anything interesting. Moving forward our expectations are the same as yesterday, we believe that the market is going to push higher and there is going to be some nice opportunities to short the market. Please keep in mind that these are not trading signals, use your own...
Nice run in the markets, we were trying to short R3, but got no setup at that level, therefore we pass the opportunity. Moving forward there is a lot going in the market and this what i see. If market pushes higher there is a Gartley pattern formation around the 7300 level, which is the 1.27 extension, also around that area, we have the 88.6 retracement, and the...
Our analysis for Tuesday was right on point, we tried to take a short at R2, which was the high of the day, but we didn't get filled, after that bears took over and as has been happening lately we had an end of the day rally. Moving forward we can see the market moving higher in the after hours, tomorrow we will be looking to take a short at R3 7159.25, where also...
Nice smooth trading day, bulls took over after the initial sell-off, that tells me that there is some buying momentum in the market, price didn't reach my buying level at around 6800 but we were able to take a winning trade later in the afternoon, moving forward i still like the 6800 as a buying level, and if market rallies, i think R2 would be a nice place to...
Last week the market broke the descending trendline and the 7000 level, so what's next?, Well we have some consolidation going on, maybe the bulls are getting ready to take over again, personally, i think the market it is going to go a little bit lower around the 6800 area where the 61.8 fib level lies, this would be an ideal place for us to start taking some...
So what can we expect after breaking the trendline?, for now, i think we are going to get some consolidation or a small pullback, we will keep an eye on volume to see if this market can move higher. Tomorrow depending on the volatility of the market i like YL and S2 as buying opportunities, while R2 it might be a good place to start some shorts. Please keep in...
1.27 extension 1.41 extension AB CD pattern Gartley pattern 88.6 retracement
We had a great month of October, 32% ROI, volatility had a lot to do it, but also had a lot to do with us not taking so many trades that fit our strategy but not our risk, and that led us to the conclusion that patience and following your trading plan are the key to this game. Moving forward we can see the market taking on the descending trendline, but the 7000...
AB--CD 141 extension 161 extension Divergence Structure
Nice day for the bulls, however, this rally represents another HL, the bulls have to take the 7000 level and/or the descending trendline to push this market higher. Tomorrow we will be looking for selling opportunities around R2, and if the market drops i will be looking to take some longs around S2. Please keep in mind that these are not trading signals, use...
Great volatility in the markets, although with more volatility comes more risk, that is why you have to stick to your trading plan and strategy. Today we had a couple of opportunities to enter the market but the risk was higher than what we have written in our trading plan, therefore we had to pass on those trades. Moving forward we have a pin bar in the 1H chart,...
Hey traders, i hope you had a great weekend looking forward to Monday morning session. Tomorrow is going to be an interesting day, i think that the bulls are not going to let the bears make another low, of course anything can happen, but looking at vol Friday was an even fight, therefore it looks like we might be heading higher, especially if the market can take...