For the first time in 2024 the US Stock Market's S&P 500 has shown TWO bearish signs at once this week.
In any given year statistically one can expect 2 or 3 corrections of -5% to -10%. It is now month 4 of 2024 and we are due.
In this video I talk about the two signs (False Breakout Monday, Break and Hold Resistance Thursday) that came together to signal the...
This was a really clean example of a really basic price action based set-up. On the short-lived Holy Grail trade(See my most recent live stream for a walkthrough of the holy grail trade set-up) that resulted in a false breakout, price begins to reverse and want to cross back through the established range on the 5 minute chart, as we begin tending back towards the...
Despite been on a long term bearish momentum since the beginning of the year, the breakout of the bearish trend line on the daily timeframe a couple of weeks ago opened up the possibility of a potential reversal pattern in the coming week(s). However, since the breakout of the trendline we have noticed the appearance of a consolidation phase just above the $21.000...
AUDCAD has straddled a 6.8% price corridor since the start of the year, giving us, at first sight, a bearish bias considering the bearish trendline identified on the daily timeframe. However, the appearance of a reversal structure and breakout out of structure signal on the 4H timeframe; the possibility that price might break out of the bearish trend line the...
Jumped in a play, was looking for a inverted head and shoulders play, didnt play how i wanted, took my stop loss seriously, and good thing to remember is always pay attention when speakers are on tv
I wanted to make a companion explanation video for my idea that I just posted comparing the Daily Stock Market Indexes to the 30 minute timeframe on Waste Management. Both are setting up the same pattern across different instruments and timeframes.
People are going crazy by seeing the recent volume in BTC. But lets not forget it is connected to commodity market and just today when market opens Facebook falls from $320 to $232.
Stay safe don't go long.
This Video analyzes the trade result of 90 Pips (a 9% Return) that was captured on the EURUSD, as the pair continued the False Consolidation Breakout Reversal that took place on the Daily Chart earlier this week. The main Technical Factors that supported this trade are analyzed using the relevant sections of my Trading Manual, so that you can know how to take...
As a followup to my Tradingview idea warnings about the false breakout on the INDEX:BTCUSD weekly chart this video looks at other examples of this pattern. Be patient when price approaches major or All Time Highs. All you need is to wait for confirmation and price will tell you which way it is going! Examples: NASDAQ:AAPL , NASDAQ:TSLA , NASDAQ:COST , ...
Last Friday price action still favored the story of supply absorption pending rally up to test the all time high. Narrow spread together with decreasing supply could justify this bullish scenario.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 17 Aug 2020 trading session. In this video, I am going to show...
S&P 500 futures ( CME_MINI:ES1! ) continued yesterday's selling and plunged more than 2% below 2850 as of the London session now. The price action today before the US session revealed a false breakout on S&P 500.
30 Apr 2020 recap - Yesterday session had seen an increase of supply in synchronization with the bearish price action dropping 1.3% off the top for S&P...
