Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Here is a detailed update top-down analysis for EURUSD . Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
- After this mornings hourly bear flag with no follow through from bears bulls try to play defense and we had a megaphone pattern play out in the morning. - QQQ was holding SPY up for the entire day, then the last 30mins bear sectors in SPY joined Bull sector QQQ. - need to confirm a hourly uptrend to set the daily higher low for bulls. - would like to see...
This is my analysis of the market, specifically the S&P 500. Indicators and fundamentals that point to a massive drop. The formation identified is called a Broadening Formation (aka Megaphone Formation) Here's the link to better explain the formation in detail - www.investopedia.com As stated in the video, if you have a difference of a opinion, I would love to...