On the weekly timeframe we are most definitely bearish. On the daily timeframe our moving averages are starting to turn downwards showing the selling pressure kicking. Down to the H4 timeframe we have broken through major support and I expect movement lower
On the weekly timeframe we closed with a bearish engulfing candle. Down to the daily timeframe we are testing a key level. On the H4 timeframe the 200 day moving average is playing as a last level of support. We could get a bounce higher here. Or we will break below and wait for retest before shorting.
On the weekly timeframe we are overall bearish closing last week below the moving averages. We close the week with a bearish engulfing candle through the moving averages. On the H4 timeframe we are maintaining below the moving averages continuing a bearish trend. We are currently testing a H4 level of structure but considering how all of our higher timeframes are...
Overall on the weekly timeframe we are bearish. But at the moment we formed a bullish engulfing two weeks ago. Last week we closed with a spinning top showing some indecision. On the H4 timeframe we are in a bullish trend. But this does not tell the whole story. We are in a downtrend on the H1 timeframe. If we get a break of the 0% level or a retest again of our...
Up on our weekly timeframe we are still in the supply zone that we are finding a lot of resistance at. We need to cycle down timeframes in order to get a better idea of what’s going on. On the daily timeframe we are currently showing some indecision candles and I believe we are getting ready to push lower. H4 timeframe we have broken below our key level of support...
On the weekly timeframe we are still bearish but we did manage to close above the 8 and 18 moving averages to close off the week last week. We will need to cycle down timeframes to get a better look but keeping in mind that daily and above is bearish at the moment. On the daily timeframe we are definitely still bearish and are actually reentering the supply zone...
GBPUSD: On the weekly timeframe we are overall bearish but two weeks ago we formed a bullish engulfing. We will need to go down timeframes to see the significance. On the daily we are clearly still within a down trend. But we are still respecting the moving averages for the last 8 and 18 days as they have crossed bullish. On the H4 timeframe we are forming a...
We are currently rejecting a weekly level of resistance as we target lower first at our H4 key level. We are simply following along with our previous analysis as we look to target lower. We can monitor this trending market down on the H1 timeframe with LHs and LLs being formed. Throwing on our fib I will look for a retest of the 61.8% level before heading lower
On the monthly timeframe we are still bearish and currently within the bottom half of our range. Down to the daily timeframe we are currently testing our 200 day moving average after falling below. So live price is currently below the average of price over the last 200 days which is important to note. On the H4 timeframe we are actually bullish and formed a double...
THE EURUSD HAS BEEN RALLYING ALL WEEK AGAINST THE DOLLAR. CORRECTION DUE SOON. EURUSD IS 250+ PIPS AWAY BOTTOM OF THE DON CHAIN CHANNEL. PREPARE FOR A SELL OFF ONCE BEARISH CANDLES FORM.
We are finally presented with more accurate technical analysis details on which we can more or less rely on here...As you can see, we managed to break out of the descending trendline from my previous posts coming up the our first crucial zone of confluence on the lower time frames. 5900-6000 is currently our holding resistance level and we will be looking to take...
this may be a big play tomorrow if we get a reversal and turn red, these weekly 20p should open around .2 if twtr is at 26. 26.3 is my threshold for it to bounce before heading back down, these contracts are volatile and will MOVE. There is alot of call volume atm so ill be watching for a influx of puts to signal entry, below 26.3 and spy turning around and this...
MCD is holding its monthly support, if it breaks below this 148 watch for 140 then possible 137-135 gap fill. MCD is strong but the virus could hurt its sales enough to drop it lower.
This looks like it is also heading for another push lower, I would start watching this for a drop below 38.7 with confirmation being below 38 to lower, these same week puts will pay all week if this stays below 36.
Watcing ABBV for a drop below 81 for lower, this looks like its setting up for a squeeze down hard. watching below 81 and option spreads, they look wide pre-market but may tighten up at open
Same story as many EUR pairs. Waiting for a push down and a pullback. Cash is as well a position
It looks like the 200 SMA is going to be and always is a sweetspot for a bounce after these big pullbacks. That would make the support on SPY being $265. I wouldn't get fooled by these fake pumps towards the end of the day as it looks like they are just trying to take premium off these weeklys. Go long or enter right at the end of the day would be my suggestion.