Join Live: Market Bottom Forming? Dec 18th Analysis & Real-Time
Looking ahead to Monday, signals are emerging from the M1 cycle indicating the formation of a market bottom – catch a glimpse of the action here:
On the M15, the resilience of the long-term bullish trend is evident, with the accelerated trend line also holding its ground. Despite this, we must entertain the possibility of a pullback to the robust, long-standing trend line. Maintaining an accelerated trend line is a challenge, and a retreat could be on the cards.
Yet, the technical indicators are still in favor of the bulls. Although the shortest-term and short-term cycle strengths from M15 are showing signs of fatigue, they haven't turned bearish. This leaves room for a synchronized push across all cycles that could propel prices upward. I'm leaning towards a bullish outlook for tomorrow, but as always, it's crucial to approach the market with a flexible mindset, ready to pivot—especially for those of us scalping.
Stay tuned for Monday's session as we dissect these developments live. Your active participation and insights make these updates all the more valuable.
If you find value in these real-time updates, a boost and your comments are the best encouragement for me to continue providing this service.
On the M15, the resilience of the long-term bullish trend is evident, with the accelerated trend line also holding its ground. Despite this, we must entertain the possibility of a pullback to the robust, long-standing trend line. Maintaining an accelerated trend line is a challenge, and a retreat could be on the cards.
Yet, the technical indicators are still in favor of the bulls. Although the shortest-term and short-term cycle strengths from M15 are showing signs of fatigue, they haven't turned bearish. This leaves room for a synchronized push across all cycles that could propel prices upward. I'm leaning towards a bullish outlook for tomorrow, but as always, it's crucial to approach the market with a flexible mindset, ready to pivot—especially for those of us scalping.
Stay tuned for Monday's session as we dissect these developments live. Your active participation and insights make these updates all the more valuable.
If you find value in these real-time updates, a boost and your comments are the best encouragement for me to continue providing this service.
Comment:
We have a good potential long/call trade setup right now.
Comment:
I hope you were able to catch a long trade there
The market left a gap at the bottom. However, the waves from different periods are in sync to go up so we will have to wait for it to go out of sync to look for a short/put.
The market left a gap at the bottom. However, the waves from different periods are in sync to go up so we will have to wait for it to go out of sync to look for a short/put.
Comment:
We have the cycles going of sync with cycles turning to the bearish side now.
Time to look for a good put/short entry. This will be my last trade for the day. Good luck!
Comment:
I got out of my put. The battle is on and I rather watch and be on the winning side after the battle :-)
Comment:
It looks like the bulls will take the win but there could be a spike down first to fill some gaps at the bottom. But the time window closed so the bulls are in favor to win.
Comment:
Bull cycle for today seems to be ending. Looking for puts.
Comment:
It's likely for SPY to finish the day with one last bearish wave
Momentum is your friend. Think beyond the box, expand your reality and you will be ahead of the trend.
I'm trading gaps to the upper side this morning.