SPX500 keeps falling down
And SPX500 is now locally
Oversold so I think that
After the price hits
The horizontal support
Below at 4940 we will
See a local bullish correction!
SPX500 was trading in a
Bullish flag pattern and now
We are seeing a bullish breakout
So we are bullish biased
Now and we will be expecting
A further move up !
SPX500 is trading in an
Uptrend along the rising
Support line from where
We are already seeing a
Bullish rebound so I think
That it will go higher still !
SPX500 broke the key
Horizontal level of 4588.4
And the index is trading in an
Uptrend so I am bullish biased
And I think we will see
Some further growth !
Let's scalp on SPX500!
Here's my entries:
🔷 Entry: 3928-3935
✅ Take Profit 1: 3956
✅ Take Profit 2: 3962
✅ Take Profit 3: 3969
🔻 Stop Loss: 3924
This strategy is based on my divergence strategy mixed with my 123 retracement triangle!
🟢 SPX
TF: 1D
Side: Long
Pattern: Double Bottom / Harmonic Bat
SL: $3275.91
TP 1: $3875.47
TP 2: $4055.71
TP 3: $4201.38
There is some bullish divergence on the 1D time frame on SPX.
Possible double bottom could be forming here if the $3,500 support holds.
This would see bullish continuity through to the end of the 2022.
Very clean entry -- They really do this at the most unexpected times to get you. I PROMISE YOU HALF the people on that sell was holding the trade and very few people took partials/profits. (GREED) Market wanted all those positions... Promise you there were MANY buy limits at that 0.618 zone as well because people wanted to see it hold there and find resistance to...
We had already taken SSL and then after we got that large expansion and retracement into OTE 0.618-0.705 which was also inside of FVG that was my hint to enter the trade. We have build up lots of bsl and it looks like a complete MMSM has been created. Will post more details/explanations under this section as I see fit.
Confluences:
- SSL was taken
- Filled in 15M FVG
- BSL Taken / MSS
- Retest above FVG after respecting Breaker OB
- LOADS of BSL from the heavy selling today
- If we are still bearish which is likely -- Looking to take profit at that previous low from 9:30am. That would be a key resistance area.
Just for educational purposes, still learning LOTS about this...
SPX500 was trading in a downtrend
Along the falling resistance line
But then we saw a bullish breakout
And a pullback to retest the broken level
So I am locally bullish biased
The down Market has gone on a halt now price is going up if price breaks 3725 will see price move all the way to 3920 so prepare buys and get ready for some bullish momentum
S&P 500 to 3965. I am a beginner trying to learn this stuff. So this is for my personal tracking to see if my charting is good. Also trying to earn reputation. Thanks.
Hey tradomaniacs,
todays morning orderflow looks fishy and we might see a move up due to trapped sellers getting fooled by iceberg-orders.
If aggressive buy-pressure comes up soon and sellers give up against the whales we might see a correction to the upside.
I`ll give it a shot even tho its a very risky trade... let`s see
Hey tradomaniacs,
previous sell-offs due to the fact that the market realizes FED is not kidding with rate-hikes were pretty strong, but will probably correct soon as the sentiment is too bearish and has oversold the indicies such as SPX500 and NASDAQ100.
We will probably see a move up to attract more buyers in order to get more liquidity for the sellers.
So...
