Hello Traders, Today, we're taking a look at the 63-Day QQQ-QQEW ROC% Spread Indicator. This unique tool provides us with a perspective on the momentum difference between the Invesco QQQ ETF (QQQ) and the First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) over a 63-day trading period. Credit for this study goes to Ned Davis Research (NDR), who provide quality...
*SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember...
Today Euro 1 = USD 1 ______________________________________________________________________________________________________________________________________________
Stops are under our recent last 2 Swings and under the 2017 ATL, looking to get in about equal highs
Friends I am overwhelmed by your generosity, thanks for the likes and comments, thank you for being so giving and kind, not many people have the virtue of generosity. Analysis on #CADCHF The CAD been slaughtered everywhere and against every other currency. In this setup we have 1-trendline support, 2-ABCD pattern, 3- bat pattern 4-support zone Thank you...
Price already started rejecting at two important Gann 0.5 levels + 99 bars level from previous pivots points (triple timing confluence); indicating that it's time to create a swing and change direction. I am targeting a price decline to reach the next visible equal lows of liquidity (around 200 pips).
A close above $5.33 would be bullish. Target = 6.50 It may chop around until the wedge resolves itself which would be Oct 2nd = a time stop A close below the break of the diagonal trendline or 21 EMA would negate the trade.
DAX vs Valueline Geometric Average Index ...
Here we see a lot of equal highs and quite obviously retail traders got in seeing a resistance, putting their SLs right above the equal highs. Smart Money knows about Retail Mentality and they know where their SLs would be. They need these SLs to grab liquidity, the latest upwards movement cleared all the SLs, now I'm considering EU to go down as the banks have...
Dow 30 EQUAL WEIGHTED vs MARKET CAP WEIGHTED ...
Got a double top, RSI over bought on the first test. Consolidation at previous structure expecting a break out to the down side atleast an equal measured move strong confluence of fib inversion and fib extension previous major structure
Hey traders, here on EURJPY we have a good trend opportunity. JPY piars are all trending very heavy lately and continue to make higher highs. Being that, i want to hop on trend everytime price gives me a chance. In this chart we have two AB=CD patterns, three good fibonacci levels all lining up at previous support. Sounds like a good opportunity to go long to me....
Hi traders, this kind of analysis is unusual for me to share, but i want to show how important could be having more reasons together as confirmation of your bias. The black line correspond to a daily support level, that could turn into resistance now that's been broken. Not only do we have structure, we also have two different harmonic pattern (equal measure move)...
Need a little bit down to reach the exact equal leg. However, CD leg can be going so far, - up to 261.8% Normally it should fall in the red area (100 - 123.6%) So, the plan is: Wait until it touch the read area and show the clear bullish reversal price action
Hi Traders, I just closed all my long term longs on $GER30 as I think we are in a great place to reverse or correct for a long time. As we can see on the graphs, waves with equal legs and we just completed 5 waves up. Also, RSI at trend line resistance. If I see anything bearish on 4hr, I might try to short in few days. Thanks! Thiago...