goderictia

goderictia

Hi, Just a market structure analysis of S&P500 and if this structure holds, I believe it can rally in the short term.

goderictia

$MSFT Beautiful double bot on the weekly. The green candle closing this week will trigger double bot traders to enter long. Setting itself up for a multi-week rally ahead.

goderictia

1) The green zone is rather huge for a demand zone 2) Shorted it at the open for that target If this ABC pattern holds... Entry can be based on: 1) 2 break of structure on 1min 2) base formed 3) bullish divergence

goderictia

RIOT is setting itself up for a nice short -ABC pattern projected fib extensions -multiple rejections of fib 1.236 and 1.618 levels Possible targets: 13 to 15 zone As this could turn into a trading range with that as the upper limit of the range.

goderictia

Retrace Completed at 4365 1) the deeper retrace was lower than 4408 and eliminated the most bullish pattern short term. 2) 4365 marks the EXACT 61.8% retrace from the previous series 4222-4595 3) w-c is 1.62 of w-a Outcome: High probability of a gap-up for 2022-02-15

goderictia

As the market sells-off yesterday from Bullard's comment. Very likely a regular flat structure w C at 4435-4450 zone. Entry: -Higher low -Bullish base formed Take note: -Short at 4510 due to the ABC correction from wave 4. -5mins is showing a descending triangle

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As the trading week progresses, we have a triangle on the daily forming 1) CPI news Cause: sell-off Effect: gap-fill at market open 2) Bullard Hawkish Remark Cause: bullish structure has been broken at 4553 Effect: market will need to find a base at C Key characteristics of triangle: Declining volume Personally, I took a short Entry: 4545 Stoploss:...

goderictia

Read my first post clearly and in detail to understand the logic Daily (Wave 5) 1/4H (Wave 3) As shown in chart Price moves in fractals from higher to lower tf. Trading plan: Before market open, CPI numbers will move everything and IMO: 1) If gaps up, sold to fill the gap 2) If gaps down, bought to fill the gap BEHAVIOR OF RESISTANCE ZONE -...

goderictia

Summary of yesterday's idea and trade -SPX is like my puppy, following my levels exactly -From my yesterday's post, you should be up about 60-70 points, each contract ($50/pt) = $3000+ profits Tonight's zone -Fib levels -Supply zone -1/4H trendline -Exp triangle trendline -4H MA -4550 psychological level -Measured move from yesterday's push (60.3...

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Bullish tilt 1) Correction phase -Structure: Expanding triangle 2) Fib levels intersecting w bottom trendline -high probability setup Alternate analysis - bull flag forming Key level of 4446 is still holding so we will maintain the bullish-bias till structure is broken. Personal Opinion a) Nimble trader and create "what-if" scenario b) Once an analysis is...

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After the bullish upwards move of 300+ points, looking for a corrective wave. Opportunity 1 4H/1H timeframe gave the resistance, supply and fib levels Opportunity 2 ABC pattern from market opening Opportunity 3 Dip buying from the correction of ABC In my humble opinion: All the setups comes with very good R:R where you could have adjusted your risk accordingly.

goderictia

In the next couple of days, SPY will trade in this corrective zone on the daily. 1) Trend line is holding as resistance which coincides with -the fib level -the supply zone 2) ABC pattern where price bounced off Option 1: Wait for prices to form today on the daily to determine the corrective pattern Option 2: Take a long position but have a tight stop aiming...

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The main reason behind this analysis on top of technical analysis are the fundamental reasons: Premise: Market is NOT in recession as... 1) Oil/Yields are not dropping Refer to historical bear markets for reference 2) PMI above 50 During recession, PMI will contract below 50 3) W5 is missing The elusive w5 has been missing from many Elliott Wave counters and...