Price is clearly in a bearish trend. Price also has fair value gab and unmitigated order block zone. So initiate short positions near the order block zone after finding a strong bearish price action structure. Analysis trend is invalid if the price breaks and closes above the trendline. Good Luck.
My short plan for Sp500 worked out perfectly. I shared my view some days ago and adding shorts while it was going up paid out. Actually i closed all my shorts and i am looking to enter long. I think that a pullback is on the way
SP500 has made a nice drop like i predicted in my previous idea. I expect a little continuation of the drop before a pullback that could lead the price to the resistance area at 5250. Here i will look for a new short in the next weeks.
Thanks a lot you the likes, really appreciate! It is not financial advice just recreational trading idea sharing
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- 5332.5: price point identified as potential optimal entry for short direction trade. Depends on the velovity of the market when if hitting that price point again.
- 5168.75 to...
I think SP500 is on the way to perform a great drop. Looking on H4 timeframe we can see a clean break below main trendline and a retest of it. I think today we will see some volatility around the beginning of the NY Session. I expect a fake moves first to the upside to grab some liquity, next we should see a drop till support zone around $5130
Expecting a large downside to unwind and target 5120 level or below. which is a good liquidity pool resting downward and we have seen a nice market structure shift after taking out the buyside liquidity
This is a follow-up to my analysis from the other day. The green track is the one for the 1968 model. It has held pretty close to the entirety of the whole correction so I favor this model for now. The 2018 model is pretty good. It is the yellow track. It was a short duration but had the lowest bottom. This would give us a bottom around 2700 which most of my other...
Monday's price action saw ES/SP500 trade above Fridays highs, but failed to displace above Friday's high.
My bias is for price to trade to Monday's low.
I am looking for H1/H4 bearish levels to be respected, and will then look for m5/m15 entry once I see premium bearish arrays are being respected.
Overview
Utilizing trading patterns and consistencies between several technical indicators, I believe the equity market will begin to unload soon as traders collect their profits from the recent rally and prepare for the next FOMC meeting on 19-20 March.
Trading Patterns
SPY is currently undergoing a rising wedge which is a bearish trading pattern. Within...
overbought in many way
market not care at all the odd of rate cute that noiw are in may-june and
% for march
all tha panic buy for 1 stock nvidia
while we se inflation data backed up
we see job number very good
and market react liek we never up rate since 2 year
its a full bubble that ake los tmany money to retail trader
Hello fellow traders, Understanding the current markets are awful as of the this year, price suddenly sky rocket like a balloons on space.
My idea is base on Distribution since the COVID 2020 fall of -35%, the price retrace back for 3 years on the run with almost 45% if price goes to my analysis atleast 4966$.
Then we might see a fall or Down back to the COVID...
What's on the chart?
1) An old high that marked a strong year for 2023.
2) A rebound in a weekly FVG that earlier served as a bullish signal for prior trading sessions.
3) In the process of that rebound, a 4H bullish FVG was formed which will serve as our target area + fibs.
4) The 2023 high was broken.
5) IMPORTANT: the new high wasn't taken out. Hmmm.....
New Top, Old Resistance: Mixed News Question Bullish Supertrend
Dear Esteemed Traders,
TECHNICAL ANALYTICS
Zooming out on the chart, ES hit a level that might be a resistance since January 2022, formed by a previous top. Historic tops often act as a resistance. Alone this would be a weak indication, but the price managed to hit that level at the same time...
Since the recent bull move at the end of October began, we have stayed above the same trendline. Not only did the final hour of trading break below that line, it also closed below it. Is this the first indication we have begun Cycle wave C down?
Based on the historical quartile percentages, it appears Cycle wave C and ultimately Supercycle wave 2 will bottom...
I am bearish again already (surprise)! The terror in the Red Sea could be the tipping point for future economic calamity now that multiple companies have chosen the longer path to market around South Africa.
Going on the premise Minor wave 4 dropped with a quiet whimper, we are possibly in the final Minor wave 5 up. First task is to identify potential tops. The...
Hopefully its time to take another crack at forecasting Primary wave 3 down. Wave 2 started strong and managed to retrace 98% of Primary wave 1 down. I began to have doubts we were in the right place. Still would like a drop below my green trendline here:
We finally broke well below the yellow and have created a lower low and lower high. These are early...
We are currently in an upwards rally in the markets
With a trend fib being pulled from our larger lows we have a coinciding level of the 50% retracement converging with the top line of our rising wedge which is a bearish pattern (depending on how long this march takes we could meet our golden ratio 61.8% at the top of our wedge creating a yearly double top as a...
I like this retracement up on the SP500.
I like this SELL opportunity because the indices are also way overbought.
Share your thoughts!
See more information below👇 in the profile.
The Professor
