In Summary: 1. We see 5 waves up and wave1=wave5, and it doesn't matter if it is a 1-2-3-4-5 or a W-X-Y-X-Z. The next move should be down. 2. RSI(7) crosses 88 and based on 3 other historical instances of similar preceding pattern, the next move should be down. 3. The risk-reward is better on the short side than the long side.
All in the video - wanted to get it out quickly - good luck!
DOA -Killzone Time: 8:30 AM -Session: London/New York -Time of Execution: 8:55 AM -Date: 2/1/2023 -Day of Week: Wednesday Morning Entry -POI: CHOCH 1Min -Risk to Reward: 1:5 -SL: 2.8 pts 28pips -TP: 10 pts 100pips -Position: Sell By Market Moral -ICT 2022 Mentorship Model -Opening Bell Liquidity Sweep -15min chart setup -Liquidity Swept, MSS Results -Target...
BSL was taken -- as well as the Built up BSL triple top we had that I was waiting for it to get raided. We also had a breaker which I was looking to find resistance as well as a Volume Imbalance (not sure which timeframe its most visible on but I will share pictures below. We also had a trendline with SSL below each low that was used as liquidity.
Perfect example as to why patience is key in trading... It is all it takes and it is a valuable lesson I am still learning dearly!
Live action of a Breaker and the power of the move after it holds and builds enough liquidity.
In this analysis, I discuss SP500 using Russel2000 as a leading indicator and try to figure out what can follow for US stocks and if the drop will continue. In my opinion stocks are not out of the woods yet and another 20% drop is looming on the medium term
To go over my thought process with this trade -- I realized We are going over those highs -- We had 3 distinct BSL zones look intreaguing -- The funny part is my Initial Entry that I was targetting ALL ALONG was correct.. This is the trade I am currently in targetting 3628.75. -- SL NOW AT BE - We had distinct lows all 3 were higher lows than the other.. ...
CONFLUENCES: - Respected 50% fib from HTF Trend - Took out BSL - MSS x2 - Retest inside 3M FVG - Retest under Breaker - Re-entry inside FVG after judas wicking out previous highs inside 3m fvg - relative eq lows are targets + 15m FVG below - (HTF Bearish)
Video analysis of the recent Price Action to the SPX500. Hope this helps anyone interested.
The last time this happened was in 2018 but the market some how management to rally which resulted in a false breakout. In 2020 the market came back to this level and spiked around this area before turning into an almost 2 year rally. 2007 was a different story as market broke structure and the result was a sell of that lasted one year. What will happen in...
In this Analysis I will go through the whole market situation on the SPX index. Watch it to get a huge lesson on TA and how to trade.
For more Daily Detailed analysis, go ahead and click the follow button. Before the US session we can look ahead at managing our Spx positions. This involves planning ahead after the move to the north on improved market sentiment. We exited longs and we are moving to some early short zones on the Daily. we can start to get short and look for exits on...
Hi Traders, This is my view for this week on: - SPX500 - EURUSD - USDCAD - APPLE (I’ve just shared my fully explained 81strategy on Tube) I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify...
Hi Traders, This is my long-term overview of SPX500 on a Wyckoff point of view I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market...
RISK DISCLAIMER Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.
MartyBoots here . I have been trading the markets for 13 years and sharing my views on the market Need to be prepared for any situation here is the key to success and potentially life changing profits
MartyBoots here. I've been trading for 13 years and sharing my ideas with you I have seen this over and over again Dont get caught in the FOMO