The #MNQ1! has had a phenomenal wedge formation that broke higher. Now that prices are migrating towards the top of resistance, structural interest begins to take hold showing areas for sellers to potentially initiate new shorts to drive the market down. The daily is bullish, but the faster timeframes haven't shifted just yet suggesting this pop may be a trap for now.
In this video I'm laying out my Bull case using Elliot waves. It seems like there's a probability of it moving higher before we see a correction in the Es. Let me know what you think! Thanks for watching.
We are at 88.6 Fib, going down to 78.6.
short term: bullish we just broke out of a bullflag: 1st target: 1.1722 midterm: neutral -> no decision yet longterm: in my opinion there is a possibility the eur goes lower like in 1999/2000, still the market did not make a decision yet. if we are heading towards another finalcial crisis like in 2000 (tech-giant again are in bubble-terretory), this scenario is...
👨💻 AMD has been making advances in technology, earnings, and pure bullish price action on the whole. Despite some consolidation recently and the chance of more consolidation in the near-term, we still see upside potential for this titan of chips. Support. The S1 bullish S/R flip is a key support level for the bulls. Although rejection at this level could lead...
will keep going up! buyer stay buyer or take advantage and wait for another strong signal
I have no idea how the Macro conditions would allow for a fake rally back to $26,200 but the chart says it could happen. If you take the measured move of the bull flag pole and extrapolate the break out, I get $26.2k as a target and its also really good resistance. I think eventually a $10k has to happen to be a true correction.
NASDAQ:AMD stuck between the long time trendline and recently formed resistance at 42.50. Today, the market closed at 42.30, but the price bounced multiple times during this week from mentioned above resistance, so let's see what is going to happen when the market will open tomorrow. The trendline corresponding with a high VPVR's volume node and this is the...
Quick analysis of FOREXCOM:AUDUSD 1HR chart. Here we see the pink line representing R1 (Resistance) and the Blue link representing S1 (Support). AUDUSD's structure was respecting S1 numerous times and will most likely continue to uptrend. Wait to enter when price retests S1 then reap the rewards!
Micro vs Macro It's a big play right now! If the volume comes in, It could breakout very badly. But following Btc, i think that it will top max around 400 $. That's why the Macro view is for. ----- Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks for your support!
GETTING TO APEX OF BEARISH RISING WEDGE
Hello, Let's start with a macro view. Beginning with the 4wk chart, we can see that a doji star has formed. On the 2wk chart, we are nearing the end of a hanging man. Here, the Money Flow Index is overbought and heading down. The MACD is also showing signs of weakening. Zooming in closer, on the weekly chart, we can see a bull flag formation. The bottom of...
S&P New All Time Highs - Risky Buy The Emini and S&P 500 made a new all time high again today, leading many to believe this market is still strong. In some ways it is, but it is more important to realize it is also in a bull flag trading range. This makes it a risky place to buy up here. This is where strong bulls who bought lower will start looking to take...
Got some relief and found buyers before we could hold below 2920. Next stop, IMO, is 2950. Weak high overnight shows that we are most likely to continue higher.
The S&P 500 reached a new all time high last week, leading many to believe the bull trend is still intact and the market is strong. However, this is not necessarily the case. Look at what happened the past 3 times prices reached this level - strong bulls and strong bears sold. Although the rally up from the 2400 low has contained strong buying pressure, prices...
The Emini reversed down from a failed breakout of the all time high, and nested wedge reversal. There are trapped bulls who bought the May 3rd high who want out. Most bulls used the new high to take profits as the market is likely to transition into a trading range over the next few months or even years. However this does not mean the bulls will not get another...
MU is about to hit 100 day MA at around 37.59 and there is a Fib resistance lvl at ~37.0 Expect it to run up before March 20th ER. RSI is also falling and is currently at the key mark of 40 for oversold. 1st TP - ~41.5 2nd TP - 42.18 3rd TP - 43.8 1st SL - 37 2nd SL - 34.11