Maybe a little divergence? What are your thoughts?
Sell when the candle closes below that line and retests.
The blue lines (solid and dotted) represent areas where I expect the price to go up/down to. They are the support and resist. The green circle represents a period of time where I think the consolidation will come to an end. The way current conditions are, the consolidation period will come to an end between February 2020 and October 2021. We could then see a...
SHORT #SP500 at 2898 to target first 2868 and the 38.2 fibo at 23837 who are a big support too, i think it up so much just for mexico and nothing else and #tradewars still blur and on the table
Bullish signal was confirmed. Entered at open. Let's see how the bulls deal with the bears on this rebound aiming to at least test all time highs.
Please see chart for brief opinion on what i think is happening. Enter and exit at your own risk. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
As title states, key price action levels to consider with regards to S&P500
Weekly Sequentials have met a aggressive Green 13, this signals an upcoming price reversal likely to occur. This week ended concluding a reversal Doji.
The break of this counter trend trade must bring us to the 200 ema in the next week, try to catch the blue zone for sell, but this counter trend line must be enough if the price dont go to 2800, lets see how this one play for a long term trade and minimum risk. Beautiful picture.
much overbought in short time face biggest resistance market euphori on shutdown and trade talks but nothing is done,is buy the rumour for now..so investor will surely take some rofit sonnest
the pattern of the sp500 is clearly showing that he waiting for a soonest clear singal for to know if we go long or short basic chart reading- good for beginner who ant study this basic chart setup
SPX500 is approaching our first support at 2600 (100% Fibonacci extension, Horizontal swing low support, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 2808 (61.8% Fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see a...
Thanks for viewing. This is just to update the one or two people that asked for an update. my view is still unchanged and is bearish. How could it not be after such a steep decline. I am now thinking -11% (or a 1:1 of wave (A)) may be on the conservative side. Expecting an abc correction to face strong resistance at the 0.18 to 0.65 fib level and have decided...
Respected followers, as we can see that SP 500 and has strongly broken it's trend line which is the sign for bullish trend. We have 2 entry levels with same stop loss and take profit.